Financials Specialized Business Systems AD

Equities

SBS

BG1100093068

Computer & Electronics Retailers

End-of-day quote Bulgaria S.E. 06:00:00 2024-05-07 pm EDT 5-day change 1st Jan Change
1.69 BGN +12.67% Intraday chart for Specialized Business Systems AD 0.00% +12.67%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1.7 1.8 1.85 1.1 1.45 2.06
Enterprise Value (EV) 1 1.725 1.81 1.743 1.188 1.445 2.129
P/E ratio 19.5 x 31 x 463 x -6.29 x 60.4 x 26.1 x
Yield - - - - - -
Capitalization / Revenue 0.7 x 0.73 x 0.68 x 0.44 x 0.47 x 0.35 x
EV / Revenue 0.71 x 0.74 x 0.64 x 0.48 x 0.47 x 0.36 x
EV / EBITDA 11.8 x 16.3 x 24.2 x -8.87 x 13.1 x 14 x
EV / FCF -15.8 x -54 x 16.6 x -8.14 x 9.23 x -21.2 x
FCF Yield -6.31% -1.85% 6.02% -12.3% 10.8% -4.71%
Price to Book 0.29 x 0.3 x 0.31 x 0.19 x 0.25 x 0.35 x
Nbr of stocks (in thousands) 1,000 1,000 1,000 1,000 1,000 1,000
Reference price 2 1.700 1.800 1.850 1.100 1.450 2.060
Announcement Date 4/20/18 4/25/19 5/15/20 4/26/21 4/27/22 4/28/23
1BGN in Million2BGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 2.437 2.461 2.735 2.477 3.101 5.938
EBITDA 1 0.146 0.111 0.072 -0.134 0.11 0.152
EBIT 1 0.079 0.048 0.01 -0.198 0.02 0.041
Operating Margin 3.24% 1.95% 0.37% -7.99% 0.64% 0.69%
Earnings before Tax (EBT) 1 0.096 0.064 0.014 -0.177 0.035 0.087
Net income 1 0.087 0.058 0.004 -0.175 0.024 0.079
Net margin 3.57% 2.36% 0.15% -7.06% 0.77% 1.33%
EPS 2 0.0870 0.0580 0.004000 -0.1750 0.0240 0.0790
Free Cash Flow 1 -0.1089 -0.0335 0.1049 -0.1459 0.1566 -0.1002
FCF margin -4.47% -1.36% 3.83% -5.89% 5.05% -1.69%
FCF Conversion (EBITDA) - - 145.66% - 142.39% -
FCF Conversion (Net income) - - 2,621.88% - 652.6% -
Dividend per Share - - - - - -
Announcement Date 4/20/18 4/25/19 5/15/20 4/26/21 4/27/22 4/28/23
1BGN in Million2BGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 0.03 0.01 - 0.09 - 0.07
Net Cash position 1 - - 0.11 - 0.01 -
Leverage (Debt/EBITDA) 0.1712 x 0.0901 x - -0.6567 x - 0.4539 x
Free Cash Flow 1 -0.11 -0.03 0.1 -0.15 0.16 -0.1
ROE (net income / shareholders' equity) 1.58% 1.05% 0.16% -2.82% 0.59% 1.42%
ROA (Net income/ Total Assets) 0.67% 0.42% 0.09% -1.76% 0.18% 0.34%
Assets 1 12.9 13.78 4.535 9.966 13.59 22.99
Book Value Per Share 2 5.940 6.000 6.000 5.830 5.850 5.900
Cash Flow per Share 2 0.2400 0.2000 0.2400 0.2700 0.4000 0.2500
Capex - - - - - 0.02
Capex / Sales - - - - - 0.35%
Announcement Date 4/20/18 4/25/19 5/15/20 4/26/21 4/27/22 4/28/23
1BGN in Million2BGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. SBS Stock
  4. Financials Specialized Business Systems AD