BUL/BREF (BUL/BREF)

Bulgarian Stock Exchange: BUL/BREF · EUR

€2.57

+0.05 (+2.0%)· Recorded snapshot

Market cap	89M
Revenue (ttm)	45.5M
Net income (ttm)	14.7M
EPS (ttm)	€0.43
Shares out	34.6M
P/E (trailing)	6.0x
Dividend	€0.27 (10.58%)
Volume	15,725
Beta	0.25

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 45.5M
Net income (ttm): 14.7M
EPS (ttm): €0.43
P/E (trailing): 6.0x
Market cap: 89M

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 19:55 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/E6

P25 n/aP50 n/aP75 n/a

ROE18.6

P25 n/aP50 n/aP75 n/a

ROIC5.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

S&P 500+0.6%

Nasdaq Composite-2.3%

Dow Jones Industrial Average+1.9%

Russell 2000+1.8%

All BUL/BREF indicators

Market & fundamental data

Available fields

202

Groups with data

Currency

EUR

Showing 202 of 202 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	EUR
Country	Bulgaria
Country code	BG
Employees	1
Employees change	-1
Employees growth	-50%
Enterprise value	EUR 64.9M
Exchange	Bulgarian Stock Exchange
Financial currency	EUR
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	2004
Industry	Real Estate Investment Trusts
Is primary listing	Yes
ISIN number	BG1100001053
Last refreshed	2026-10-29
Last stock split date	2016-03-01
Last stock split type	Reverse
Market cap	EUR 89M
Price	EUR 2.57
Price currency	EUR
SIC code	6798
Stock price date	2026-10-28
Symbol	bul/BREF
Website	https://brefbg.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	11x
Average P/E ratio (3Y)	6.69x
Average P/E ratio (5Y)	9.57x
Earnings yield	16.54%
EV/Earnings	4.41x
EV/EBIT	8.1x
EV/EBITDA	8.1x
EV/Sales	1.43x
FCF / EV yield	-2.47%
FCF yield	-1.8%
Graham number	4.71135
Graham upside	83.32%
Industry P/E	22.38x
Lynch fair value	EUR 10.63
Lynch upside	313.5%
P/B ratio	1.11x
P/E ratio	6.05x
P/S ratio	1.96x
Price / tangible book value	1.11x
Price/EBITDA ratio	11.1x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	17.61%
EBITDA margin	17.62%
Gross margin	28.8%
Operating margin	17.61%
Pretax margin	32.36%
Profit margin	32.36%
ROA	5.09%
ROA (5Y)	2.43%
ROCE	9.27%
ROE	18.58%
ROE (5Y)	11.63%
ROIC	5.66%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	34.62%
EPS growth (Q)	198.24%
EPS growth (QoQ)	197.52%
EPS growth 10Y	24.16%
EPS growth 3Y	43.96%
EPS growth 5Y	59.89%
Net income growth	34.67%
Net income growth (Q)	195.79%
Net income growth (QoQ)	192.68%
Net income growth 3Y	43.98%
Net income growth 5Y	59.91%
OCF growth (Q)	-72.44%
OCF growth (QoQ)	-65.49%
Revenue growth	632.34%
Revenue growth (Q)	1,020.96%
Revenue growth (QoQ)	309.23%
Revenue growth 10Y	30.74%
Revenue growth 3Y	113.04%
Revenue growth 5Y	61.83%

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	EUR -2,103
EBIT	EUR 8M
EBITDA	EUR 8M
EPS	EUR 0.43
FCF per share	EUR -0.05
Financing cash flow	EUR -12.5M
Free cash flow	EUR -1.6M
Gross profit	EUR 13.1M
Investing cash flow	EUR 40.5M
Net cash flow	EUR 26.5M
Net income	EUR 14.7M
Operating income	EUR 8M
Revenue	EUR 45.5M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	EUR 2.32
Debt / EBITDA	0.77
Debt / equity	0.08
Interest coverage	25.38
Net cash (debt)	EUR 24.1M
Net cash / market cap	27.05%
Net debt / EBITDA	-3
Net debt / equity	-0.3
Piotroski F-Score	3
Property, plant and equipment	EUR 4,000
Shareholders' equity	EUR 80.4M
Tangible book value	EUR 80.4M
Tangible book value per share	EUR 2.32
Total assets	EUR 100.7M
Total cash	EUR 30.2M
Total debt	EUR 6.2M
Total liabilities	EUR 20.3M
WACC	5.53%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.46
Current ratio	2.15
Net working capital	EUR -12.7M
Quick ratio	2.15
Working capital	EUR 16.4M

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Dividend growth	164.62%
Dividend growth (10Y)	27.35%
Dividend growth (3Y)	99.24%
Dividend growth (5Y)	60.81%
Dividend growth years	0
Dividend payment years	2
Dividend payout frequency	Semi-Annual
Dividend per share	EUR 0.27
Dividend yield	10.58%
Ex-dividend date	2026-10-16
Last dividend	EUR 0.23
Payout ratio	40.41%
Shareholder yield	10.58%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	142.45%
10Y return CAGR	15.07%
10Y total return	306.9%
150-day SMA	EUR 2.63
15Y price change	143.37%
15Y return CAGR	14.03%
15Y total return	616.23%
1D price change	1.98%
1M price change	-4.1%
1M total return	4.18%
1W price change	1.98%
1W total return	1.98%
1Y price change	0.51%
1Y return CAGR	24.19%
1Y total return	24.18%
20-day SMA	EUR 2.66
200-day SMA	EUR 2.64
3M price change	-1.91%
3M total return	6.56%
3Y price change	120.41%
3Y return CAGR	40.66%
3Y total return	178.38%
50-day SMA	EUR 2.69
50-day SMA vs 200-day SMA	50over200
52-week high	EUR 2.86
52-week high date	2026-07-07
52-week low	EUR 2.36
52-week low date	2026-03-30
5Y price change	127.43%
5Y return CAGR	25.3%
5Y total return	208.85%
6M price change	4.9%
6M total return	24.02%
All-time high	EUR 2.88
All-time high date	2008-05-27
All-time low	EUR 0.46
All-time low date	2009-08-06
Average true range (ATR)	EUR 0.05
Average volume	19.5K
Beta (1Y)	0.27
Beta (2Y)	0.22
Beta (5Y)	0.25
Change from 52-week high	-10.14%
Change from 52-week low	8.9%
Change from all-time high	-10.76%
Change from all-time low	460.16%
Change from open	1.18%
Day's gap	0.79%
Dollar volume	EUR 40,413
High price	EUR 2.57
Low price	EUR 2.54
Monthly RSI	59.18
Open price	EUR 2.54
Position in 52-week range	100%
Previous close	EUR 2.52
Price vs 150-day SMA	-2.39%
Price vs 20-day SMA	-3.46%
Price vs 200-day SMA	-2.47%
Price vs 50-day SMA	-4.35%
Relative volume	0.8
RSI	41.21
Sharpe ratio	1.05
Sharpe ratio (3Y)	1.62
Sharpe ratio (5Y)	1.08
Sortino ratio	1.92
Sortino ratio (3Y)	3.05
Sortino ratio (5Y)	1.98
Volume	15.7K
Weekly RSI	44.61
YTD price change	-5.93%
YTD total return	16.23%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	33M
Shares change (QoQ)	-1.63%
Shares held by insiders	4.88%
Shares held by institutions	3.11%
Shares outstanding	34.6M

Deeper analysis on BUL/BREF

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this BUL/BREF report

Is a complete BUL/BREF research report available?

No complete published report is available for bul/BREF (BUL/BREF) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

89M

Revenue (ttm)

45.5M

Net income (ttm)

14.7M

EPS (ttm)

€0.43

Shares out

34.6M

P/E (trailing)

6.0x

Dividend

€0.27 (10.58%)

Volume

15,725

Beta

0.25

Metric

Value

Amount currency

EUR

Country

Bulgaria

Country code

Employees

Employees change

-1

Employees growth

-50%

Enterprise value

EUR 64.9M

Exchange

Bulgarian Stock Exchange

Financial currency

EUR

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

2004

Industry

Real Estate Investment Trusts

Is primary listing

Yes

ISIN number

BG1100001053

Last refreshed

2026-10-29

Last stock split date

2016-03-01

Last stock split type

Reverse

Market cap

EUR 89M

Price

EUR 2.57

Price currency

EUR

SIC code

6798

Stock price date

2026-10-28

Symbol

bul/BREF

Website

https://brefbg.com

Metric

Value

Average P/E ratio (10Y)

11x

Average P/E ratio (3Y)

6.69x

Average P/E ratio (5Y)

9.57x

Earnings yield

16.54%

EV/Earnings

4.41x

EV/EBIT

8.1x

EV/EBITDA

8.1x

EV/Sales

1.43x

FCF / EV yield

-2.47%

FCF yield

-1.8%

Graham number

4.71135

Graham upside

83.32%

Industry P/E

22.38x

Lynch fair value

EUR 10.63

Lynch upside

313.5%

P/B ratio

1.11x

P/E ratio

6.05x

P/S ratio

1.96x

Price / tangible book value

1.11x

Price/EBITDA ratio

11.1x

Metric

Value

EBIT margin

17.61%

EBITDA margin

17.62%

Gross margin

28.8%

Operating margin

17.61%

Pretax margin

32.36%

Profit margin

32.36%

ROA

5.09%

ROA (5Y)

2.43%

ROCE

9.27%

ROE

18.58%

ROE (5Y)

11.63%

ROIC

5.66%

Metric

Value

EPS growth

34.62%

EPS growth (Q)

198.24%

EPS growth (QoQ)

197.52%

EPS growth 10Y

24.16%

EPS growth 3Y

43.96%

EPS growth 5Y

59.89%

Net income growth

34.67%

Net income growth (Q)

195.79%

Net income growth (QoQ)

192.68%

Net income growth 3Y

43.98%

Net income growth 5Y

59.91%

OCF growth (Q)

-72.44%

OCF growth (QoQ)

-65.49%

Revenue growth

632.34%

Revenue growth (Q)

1,020.96%

Revenue growth (QoQ)

309.23%

Revenue growth 10Y

30.74%

Revenue growth 3Y

113.04%

Revenue growth 5Y

61.83%

Metric

Value

Capital expenditures

EUR -2,103

EBIT

EUR 8M

EBITDA

EUR 8M

EPS

EUR 0.43

FCF per share

EUR -0.05

Financing cash flow

EUR -12.5M

Free cash flow

EUR -1.6M

Gross profit

EUR 13.1M

Investing cash flow

EUR 40.5M

Net cash flow

EUR 26.5M

Net income

EUR 14.7M

Operating income

EUR 8M

Revenue

EUR 45.5M

Metric

Value

Book value per share

EUR 2.32

Debt / EBITDA

0.77

Debt / equity

0.08

Interest coverage

25.38

Net cash (debt)

EUR 24.1M

Net cash / market cap

27.05%

Net debt / EBITDA

-3

Net debt / equity

-0.3

Piotroski F-Score

Property, plant and equipment

EUR 4,000

Shareholders' equity

EUR 80.4M

Tangible book value

EUR 80.4M

Tangible book value per share

EUR 2.32

Total assets

EUR 100.7M

Total cash

EUR 30.2M

Total debt

EUR 6.2M

Total liabilities

EUR 20.3M

WACC

5.53%

Metric

Value

Asset turnover

0.46

Current ratio

2.15

Net working capital

EUR -12.7M

Quick ratio

2.15

Working capital

EUR 16.4M

Metric

Value

Dividend growth

164.62%

Dividend growth (10Y)

27.35%

Dividend growth (3Y)

99.24%

Dividend growth (5Y)

60.81%

Dividend growth years

Dividend payment years

Dividend payout frequency

Semi-Annual

Dividend per share

EUR 0.27

Dividend yield

10.58%

Ex-dividend date

2026-10-16

Last dividend

EUR 0.23

Payout ratio

40.41%

Shareholder yield

10.58%

Metric

Value

10Y price change

142.45%

10Y return CAGR

15.07%

10Y total return

306.9%

150-day SMA

EUR 2.63

15Y price change

143.37%

15Y return CAGR

14.03%

15Y total return

616.23%

1D price change

1.98%

1M price change

-4.1%

1M total return

4.18%

1W price change

1.98%

1W total return

1.98%

1Y price change

0.51%

1Y return CAGR

24.19%

1Y total return

24.18%

20-day SMA

EUR 2.66

200-day SMA

EUR 2.64

3M price change

-1.91%

3M total return

6.56%

3Y price change

120.41%

3Y return CAGR

40.66%

3Y total return

178.38%

50-day SMA

EUR 2.69

50-day SMA vs 200-day SMA

50over200

52-week high

EUR 2.86

52-week high date

2026-07-07

52-week low

EUR 2.36

52-week low date

2026-03-30

5Y price change

127.43%

5Y return CAGR

25.3%

5Y total return

208.85%

6M price change

4.9%

6M total return

24.02%

All-time high

EUR 2.88

All-time high date

2008-05-27

All-time low

EUR 0.46

All-time low date

2009-08-06

Average true range (ATR)

EUR 0.05

Average volume

19.5K

Beta (1Y)

0.27

Beta (2Y)

0.22

Beta (5Y)

0.25

Change from 52-week high

-10.14%

Change from 52-week low

8.9%

Change from all-time high

-10.76%

Change from all-time low

460.16%

Change from open

1.18%

Day's gap

0.79%

Dollar volume

EUR 40,413

High price

EUR 2.57

Low price

EUR 2.54

Monthly RSI

59.18

Open price

EUR 2.54

Position in 52-week range

100%

Previous close

EUR 2.52

Price vs 150-day SMA

-2.39%

Price vs 20-day SMA

-3.46%

Price vs 200-day SMA

-2.47%

Price vs 50-day SMA

-4.35%

Relative volume

0.8

RSI

41.21

Sharpe ratio

1.05

Sharpe ratio (3Y)

1.62

Sharpe ratio (5Y)

1.08

Sortino ratio

1.92

Sortino ratio (3Y)

3.05

Sortino ratio (5Y)

1.98

Volume

15.7K

Weekly RSI

44.61

YTD price change

-5.93%

YTD total return

16.23%

Metric

Value

Float

33M

Shares change (QoQ)

-1.63%

Shares held by insiders

4.88%

Shares held by institutions

3.11%

Shares outstanding

34.6M

BUL/BREF (BUL/BREF)

Price

Financial snapshot

Fair-value bridge

Latest news · BUL/BREF

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All BUL/BREF indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on BUL/BREF

Frequently asked questions

BUL/BREF (BUL/BREF)

Price

Financial snapshot

Fair-value bridge

Latest news · BUL/BREF

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All BUL/BREF indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on BUL/BREF

Frequently asked questions