Company Valuation: Intercapital Property Development ADSIC

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2022 2023 2024 2025
Market Cap 1 26.38 24.96 19.44 18.93 16.67
Change - - -22.12% -2.61% -11.94%
Enterprise Value (EV) 1 38.05 37.09 31.37 30.86 28.61
Change - - -15.41% -1.62% -7.32%
P/E -19.5x 52.8x 33.9x -20.7x 35.1x
PBR 1.34x 0.85x 0.65x 0.65x 0.5x
PEG - - 1.6x 0x -0x
Capitalization / Revenue 17.4x 28.5x 2.13x 58.4x 53.1x
EV / Revenue 25.1x 42.4x 3.43x 95.3x 91.1x
EV / EBITDA -261x - - - -
EV / EBIT -165x -72.7x 1,743x -150x -35.4x
EV / FCF -1.74x 3.07x -6x 34.1x 32.7x
FCF Yield -57.4% 32.6% -16.7% 2.93% 3.06%
Dividend per Share 2 - - - - -
Rate of return - - - - -
EPS 2 -0.0487 0.017 0.0206 -0.0329 0.0171
Distribution rate - - - - -
Net sales 1 1.516 0.875 9.141 0.324 0.314
EBITDA 1 -0.146 - - - -
EBIT 1 -0.231 -0.51 0.018 -0.206 -0.809
Net income 1 -1.352 0.473 0.573 -0.914 0.474
Net Debt 1 11.67 12.13 11.94 11.94 11.94
Reference price 2 0.9500 0.9000 0.6990 0.6800 0.6000
Nbr of stocks (in thousands) 27,766 27,766 27,766 27,766 27,766
Announcement Date 25/2/21 1/4/24 1/4/24 30/1/25 31/3/26
1BGN in Million2BGN
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 10.03M
23.96x13.61x15.91x5.19% 16.39B
8.51x13.95x18.01x6.18% 6.86B
23.62x15.04x16.4x4.08% 6.73B
12.28x14.65x16.8x5.2% 6.41B
8.93x16.77x20.2x7.83% 6.18B
10.36x14.75x15.83x6.84% 6.07B
8.57x13.93x17.87x5.82% 5.9B
12.69x11.53x13.19x5.36% 5.2B
Average 13.62x 14.28x 16.78x 5.81% 6.64B
Weighted average by Cap. 15.46x 14.22x 16.69x 5.7%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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