Financials Bank of America Corporation Bulgaria S.E.

Equities

NCB

US0605051046

Banks

Real-time Estimate Tradegate 14:24:03 18/06/2024 BST 5-day change 1st Jan Change
36.73 EUR +21.06% Intraday chart for Bank of America Corporation 0.00% -0.39%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 316,808 262,205 364,110 265,703 266,455 308,983 - -
Enterprise Value (EV) 1 316,808 262,205 364,110 265,703 266,455 308,983 308,983 308,983
P/E ratio 12.8 x 16.2 x 12.5 x 10.4 x 10.9 x 12.3 x 11.2 x 10.2 x
Yield 1.87% 2.38% 1.75% 2.6% 2.73% 2.52% 2.71% 3.24%
Capitalization / Revenue 3.45 x 3.05 x 4.09 x 2.8 x 2.7 x 3.04 x 2.96 x 2.84 x
EV / Revenue 3.45 x 3.05 x 4.09 x 2.8 x 2.7 x 3.04 x 2.96 x 2.84 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.29 x 1.06 x 1.46 x 1.08 x 1.01 x 1.12 x 1.06 x 0.99 x
Nbr of stocks (in thousands) 8,995,107 8,650,790 8,184,084 8,022,432 7,913,732 7,820,370 - -
Reference price 2 35.22 30.31 44.49 33.12 33.67 39.51 39.51 39.51
Announcement Date 15/01/20 19/01/21 19/01/22 13/01/23 12/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 91,839 86,027 89,113 94,950 98,581 101,790 104,502 108,707
EBITDA - - - - - - - -
EBIT 1 36,344 30,315 29,382 33,512 32,736 35,684 37,258 39,554
Operating Margin 39.57% 35.24% 32.97% 35.29% 33.21% 35.06% 35.65% 36.39%
Earnings before Tax (EBT) 1 32,754 18,995 33,976 30,969 28,342 29,726 31,302 33,834
Net income 1 25,998 16,473 30,557 26,015 24,866 25,467 26,848 28,584
Net margin 28.31% 19.15% 34.29% 27.4% 25.22% 25.02% 25.69% 26.29%
EPS 2 2.750 1.870 3.570 3.190 3.080 3.204 3.521 3.875
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.6600 0.7200 0.7800 0.8600 0.9200 0.9951 1.072 1.279
Announcement Date 15/01/20 19/01/21 19/01/22 13/01/23 12/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 22,060 23,228 22,688 24,502 24,532 26,258 25,197 25,167 21,959 25,818 25,322 25,428 25,130 26,254 26,099
EBITDA - - - - - - - - - - - - - - -
EBIT 1 7,329 7,909 7,415 9,199 8,989 10,020 9,159 9,329 4,228 8,581 9,185 9,468 9,252 9,913 9,864
Operating Margin 33.22% 34.05% 32.68% 37.54% 36.64% 38.16% 36.35% 37.07% 19.25% 33.24% 36.27% 37.24% 36.82% 37.76% 37.8%
Earnings before Tax (EBT) 1 7,818 7,879 6,892 8,301 7,897 9,089 8,034 8,095 3,124 7,262 7,502 7,658 7,359 7,853 7,835
Net income 1 6,773 6,600 5,932 6,579 6,904 7,656 7,102 7,270 2,838 6,142 6,486 6,431 6,378 6,668 6,820
Net margin 30.7% 28.41% 26.15% 26.85% 28.14% 29.16% 28.19% 28.89% 12.92% 23.79% 25.62% 25.29% 25.38% 25.4% 26.13%
EPS 2 0.8200 0.8000 0.7300 0.8100 0.8500 0.9400 0.8800 0.9000 0.3500 0.7600 0.8098 0.8051 0.8137 0.8556 0.8861
Dividend per Share 2 0.2100 0.2100 0.2100 0.2200 0.2200 0.2200 0.2200 0.2400 0.2400 0.2400 0.2400 0.2591 0.2611 0.2567 0.2600
Announcement Date 19/01/22 18/04/22 18/07/22 17/10/22 13/01/23 18/04/23 18/07/23 17/10/23 12/01/24 16/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10.6% 6.76% 12.2% 10.8% 9.75% 9.46% 9.76% 10.5%
ROA (Net income/ Total Assets) 1.14% 0.67% 1.05% 0.88% 0.84% 0.83% 0.85% 0.88%
Assets 1 2,280,526 2,458,657 2,910,190 2,956,250 2,960,238 3,052,264 3,162,640 3,255,633
Book Value Per Share 2 27.30 28.70 30.40 30.60 33.30 35.40 37.40 39.90
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 15/01/20 19/01/21 19/01/22 13/01/23 12/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
39.51 USD
Average target price
40.77 USD
Spread / Average Target
+3.20%
Consensus
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