EHG Stock Analysis: EuroHold Bulgaria AD | WAR
Utilities - Regulated Electric | WAR, Poland | Market Cap: 3.594m PLN | 12M Return: 164.9% | BG1100114062 | Charts, Fundamentals & Technical Analysis
Total Rating 35
Safety 52
Buy Signal 1.02
Market Cap:
921M
Avg Turnover: 8.91K
Avg Turnover: 8.91K
Risk 3d forecast
Volatility253%
VaR 5th Pctl31.0%
VaR vs Median-15.7%
Reward TTM
Sharpe Ratio1.56
Rel. Str. IBD99.2
Rel. Str. Peer Group97.4 pctl
Character TTM
Beta0.312
Beta Downside0.167
Hurst Exponent0.246
Choppyness61.0%
Drawdowns 3y
Max DD66.67%
CAGR/Max DD0.19
CAGR/Mean DD0.30
EPS (Earnings per Share)
Qual. Beats: 0
Revenue
Rev. CAGR: 26.25%
Rev. Trend: 90.9%
Rev. Trend: 90.9%
Qual. Beats: 0
Warnings
Overextended 1w
Low Hurst
Tailwinds
Rs Leader
Idiosyncratic Leader
Ep Pivot
Seasonality
Not enough history
Description: EHG EuroHold Bulgaria AD
Eurohold Bulgaria AD engages in the energy business in Bulgaria, North Macedonia, Greece, Romania, Belarus, Georgia, Ukraine, Spain, Italy, Poland, Germany, the United Kingdom, and the Netherlands. It operates through Energy, Insurance, and Financial Services segments. The company offers energy services comprising access to and transmission of electrical energy through the power distribution network; connection of new users to the power distribution network; public supply and trading in electrical energy for residential and business customers; information, communication, and technological services; commercial consulting, purchase, and sale of equipment and materials; and production and trading of energy from renewable sources. It also provides general, life, and travel insurance. In addition, the company offers investment intermediary; investment banking; and asset management services. Further, it is involved in car leasing and sale; and brokerage activities. The company was founded in 1995 and is headquartered in Sofia, Bulgaria. Eurohold Bulgaria AD is a subsidiary of Starcom Holding AD.
Headlines to Watch Out For
Piotroski VR-10 (Strict)
1.5
| Net Income: 103.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -7.35 > 1.0 |
| NWC/Revenue: 0.86% < 20% (prev 14.63%; Δ -13.77% < -1%) |
| CFO/TA 0.00 > 3% & CFO 1.77m > Net Income 103.1m |
| Net Debt (2.03b) to EBITDA (344.1m): 5.90 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (260.4m) vs 12m ago 0.00% < -2% |
| Gross Margin: 18.92% > 18% (prev 53.04%; Δ -34.12% > 0.5%) |
| Asset Turnover: 66.91% > 50% (prev 104.6%; Δ -37.70% > 0%) |
| Interest Coverage Ratio: 3.17 > 6 (EBIT TTM 217.6m / Interest Expense TTM 68.6m) |
Altman Z''
0.51
| A: 0.00 (Total Current Assets 1.91b - Total Current Liabilities 1.89b) / Total Assets 6.34b |
| B: -0.01 (Retained Earnings -82.7m / Total Assets 6.34b) |
| C: 0.05 (EBIT TTM 217.6m / Avg Total Assets 4.64b) |
| D: 0.20 (Book Value of Equity 929.0m / Total Liabilities 4.65b) |
| Altman-Z'' = 0.51 = B |
Beneish M
-2.01
| DSRI: 0.46 (Receivables 285.8m/618.9m, Revenue 3.10b/3.07b) |
| GMI: 2.80 (GM 53.04% / 18.92%) |
| AQI: 0.70 (AQ_t 0.23 / AQ_t-1 0.33) |
| SGI: 1.01 (Revenue 3.10b / 3.07b) |
| TATA: 0.02 (NI 103.1m - CFO 1.77m) / TA 6.34b) |
| Beneish M = -2.01 (Cap -4..+1) = BB |
What is the price of EHG shares?
As of October 23, 2026, the stock is trading at PLN 8.00 with a total of 15,260 shares traded. Over the past week, the price has changed by +39.13%, over one month by +71.67%, over three months by +88.68% and over the past year by +164.90%.
Current recommended Stop Loss: 7.50 (which is 6.3% or 1.3 ATR below the current price).
Is EHG a buy, sell or hold?
EuroHold Bulgaria AD has no consensus analysts rating.
EuroHold Bulgaria AD (EHG) - Fundamental Data Overview
as of 23 October 2026
Market Cap USD = 921.4m (3.59b PLN * 0.25637736916542 PLN.USD)Market Cap EUR = 820.5m (3.59b PLN * 0.2283 PLN.EUR)
P/E Trailing = 7.5824
P/S = 2.0155
P/B = 1.1515
Revenue TTM = 3.10b EUR
EBIT TTM = 217.6m EUR
EBITDA TTM = 344.1m EUR
Long Term Debt = 1.14b EUR (from longTermDebt, last quarter)
Short Term Debt = 106.8m EUR (from shortTermDebt, last quarter)
Debt = 2.35b EUR (from shortLongTermDebtTotal, last quarter) + Leases 30.2m
Net Debt = 2.03b EUR (calculated: Debt 2.35b - CCE 321.3m)
Enterprise Value = 2.85b EUR (820.5m + Debt 2.35b - CCE 321.3m)
Interest Coverage Ratio = 3.17 (Ebit TTM 217.6m / Interest Expense TTM 68.6m)
EV/FCF = -17.17x (Enterprise Value 2.85b / FCF TTM -166.1m)
FCF Yield = -5.83% (FCF TTM -166.1m / Enterprise Value 2.85b)
FCF Margin = -5.35% (FCF TTM -166.1m / Revenue TTM 3.10b)
Net Margin = 3.32% (Net Income TTM 103.1m / Revenue TTM 3.10b)
Gross Margin = 18.92% ((Revenue TTM 3.10b - Cost of Revenue TTM 2.51b) / Revenue TTM)
Gross Margin QoQ = -4.68% (prev 29.33%)
Tobins Q-Ratio = 0.45 (Enterprise Value 2.85b / Total Assets 6.34b)
Interest Expense / Debt = 2.92% (Interest Expense 68.6m / Debt 2.35b)
Taxrate = 20.69% (26.6m / 128.7m)
NOPAT = 172.6m (EBIT 217.6m * (1 - 20.69%))
Current Ratio = 1.01 (Total Current Assets 1.91b / Total Current Liabilities 1.89b)
Debt / Equity = 2.53 (Debt 2.35b / totalStockholderEquity, last quarter 929.0m)
Debt / EBITDA = 5.90 (Net Debt 2.03b / EBITDA 344.1m)
Debt / FCF = -12.22 (negative FCF - burning cash) (Net Debt 2.03b / FCF TTM -166.1m)
Total Stockholder Equity = 505.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.22% (Net Income 103.1m / Total Assets 6.34b)
RoE = 20.41% (Net Income TTM 103.1m / Total Stockholder Equity 505.2m)
RoCE = 13.21% (EBIT 217.6m / Capital Employed (Equity 505.2m + L.T.Debt 1.14b))
RoIC = 3.92% (NOPAT 172.6m / Invested Capital 4.40b)
WACC = 3.45% (E(820.5m)/V(3.17b) * Re(6.70%) + D(2.35b)/V(3.17b) * Rd(2.92%) * (1-Tc(0.21)))
Discount Rate = 6.70% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 51.84 | Cagr: 0.00%
[DCF] Fair Price = unknown (Cash Flow -166.1m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 90.88 | Revenue CAGR: 26.25% | SUE: N/A | # QB: 0