Financials Specialized Business Systems AD

Equities

SBS

BG1100093068

Computer & Electronics Retailers

End-of-day quote Bulgaria S.E. 03:30:00 09/07/2024 am IST 5-day change 1st Jan Change
1.85 BGN 0.00% Intraday chart for Specialized Business Systems AD 0.00% +23.33%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1.8 1.85 1.1 1.45 2.06 1.5
Enterprise Value (EV) 1 1.81 1.743 1.188 1.445 2.129 1.206
P/E ratio 31 x 463 x -6.29 x 60.4 x 26.1 x 136 x
Yield - - - - - -
Capitalization / Revenue 0.73 x 0.68 x 0.44 x 0.47 x 0.35 x 0.27 x
EV / Revenue 0.74 x 0.64 x 0.48 x 0.47 x 0.36 x 0.22 x
EV / EBITDA 16.3 x 24.2 x -8.87 x 13.1 x 14 x 13.3 x
EV / FCF -54 x 16.6 x -8.14 x 9.23 x -21.2 x 3.36 x
FCF Yield -1.85% 6.02% -12.3% 10.8% -4.71% 29.8%
Price to Book 0.3 x 0.31 x 0.19 x 0.25 x 0.35 x 0.25 x
Nbr of stocks (in thousands) 1,000 1,000 1,000 1,000 1,000 1,000
Reference price 2 1.800 1.850 1.100 1.450 2.060 1.500
Announcement Date 25/04/19 15/05/20 26/04/21 27/04/22 28/04/23 27/04/24
1BGN in Million2BGN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2.461 2.735 2.477 3.101 5.938 5.529
EBITDA 1 0.111 0.072 -0.134 0.11 0.152 0.091
EBIT 1 0.048 0.01 -0.198 0.02 0.041 0.002
Operating Margin 1.95% 0.37% -7.99% 0.64% 0.69% 0.04%
Earnings before Tax (EBT) 1 0.064 0.014 -0.177 0.035 0.087 0.013
Net income 1 0.058 0.004 -0.175 0.024 0.079 0.011
Net margin 2.36% 0.15% -7.06% 0.77% 1.33% 0.2%
EPS 2 0.0580 0.004000 -0.1750 0.0240 0.0790 0.0110
Free Cash Flow 1 -0.0335 0.1049 -0.1459 0.1566 -0.1002 0.3592
FCF margin -1.36% 3.83% -5.89% 5.05% -1.69% 6.5%
FCF Conversion (EBITDA) - 145.66% - 142.39% - 394.78%
FCF Conversion (Net income) - 2,621.88% - 652.6% - 3,265.91%
Dividend per Share - - - - - -
Announcement Date 25/04/19 15/05/20 26/04/21 27/04/22 28/04/23 27/04/24
1BGN in Million2BGN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 0.01 - 0.09 - 0.07 -
Net Cash position 1 - 0.11 - 0.01 - 0.29
Leverage (Debt/EBITDA) 0.0901 x - -0.6567 x - 0.4539 x -
Free Cash Flow 1 -0.03 0.1 -0.15 0.16 -0.1 0.36
ROE (net income / shareholders' equity) 1.05% 0.16% -2.82% 0.59% 1.42% 0.18%
ROA (Net income/ Total Assets) 0.42% 0.09% -1.76% 0.18% 0.34% 0.02%
Assets 1 13.78 4.535 9.966 13.59 22.99 64.71
Book Value Per Share 2 6.000 6.000 5.830 5.850 5.900 5.900
Cash Flow per Share 2 0.2000 0.2400 0.2700 0.4000 0.2500 0.2900
Capex - - - - 0.02 0
Capex / Sales - - - - 0.35% 0.02%
Announcement Date 25/04/19 15/05/20 26/04/21 27/04/22 28/04/23 27/04/24
1BGN in Million2BGN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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