Софарма АД (SFA / SFARM)

[dex]

Гледам, че Донев утре ще е на този форум:

https://poi.bg/#carousel_5cfb

[dido_yord]

Share Price vs. Fair Value

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sopharma AD.

Valuation Model		2 Stage Free Cash Flow to Equity
Levered Free Cash Flow	Extrapolated from most recent financials.	See below
Discount Rate (Cost of Equity)	See below	7.9%
Perpetual Growth Rate	5-Year Average of BG Long-Term Govt Bond Rate	3.0%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Risk-Free Rate	5-Year Average of BG Long-Term Govt Bond Rate	3.0%
Equity Risk Premium	S&P Global	6.1%
Pharmaceuticals Unlevered Beta	Simply Wall St/ S&P Global	0.46
Re-levered Beta	= 0.33 + [(0.66 * Unlevered beta) * (1 + (1 - tax rate) (Debt/Market Equity))] = 0.33 + [(0.66 * 0.460) * (1 + (1 - 10.0%) (36.30%))]	0.739
Levered Beta	Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm)	0.8
Discount Rate/ Cost of Equity	= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 3.01% + (0.800 * 6.07%)	7.87%

Discounted Cash Flow Calculation for BUL:SFA using 2 Stage Free Cash Flow to Equity

The calculations below outline how an intrinsic value for Sopharma AD is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 10 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

2025	3,52	Est @ -71.96%	3,26
2026	1,78	Est @ -49.47%	1,53
2027	1,18	Est @ -33.72%	0,94
2028	0,91	Est @ -22.70%	0,67
2029	0,77	Est @ -14.99%	0,53
2030	0,7	Est @ -9.59%	0,44
2031	0,66	Est @ -5.81%	0,39
2032	0,64	Est @ -3.16%	0,35
2033	0,63	Est @ -1.31%	0,32
2034	0,63	Est @ -0.02%	0,3
Present value of next 10 years cash flows			BGN8,73

Terminal Value	FCF2034 × (1 + g) ÷ (Discount Rate – g) = BGN0,63 x (1 + 3.01%) ÷ (7.87% - 3.01% )	BGN13,36
Present Value of Terminal Value	= Terminal Value ÷ (1 + r)10 BGN13 ÷ (1 + 7.87%)10	BGN6,27

Total Equity Value	= Present value of next 10 years cash flows + Terminal Value = BGN9 + BGN6	BGN14,99
Equity Value per Share (BGN)	= Total value / Shares Outstanding = BGN15 / 166	BGN0,09

Value per share (BGN)	From above.	BGN0.090
Current discount	Discount to share price of BGN6.02 = (BGN0.090 - BGN6.02) / BGN0.090	-6,554.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model

Много интересна оценка ;-)

[danetha]

Нещо се пече тука

Пече се г-н Донев по екзотичните острови ,докато матряла лапа мухи както винаги

Дивидента трапна бая масовик тук.Няма излизане 5г сега

[angelgarba]

Нещо се пече тука , Г- н Донев всеки ден пълни с акцийки за разлика от Доверие където тръгна и спря ...

[MrProfit]

За мен този символичен дивидент означава, че по-скоро ще има сделка. Ако нямаше да има трябваше да е в пъти по-голям. Само от Доверие Софарма получи 50М погасявания на заеми.

[melon]

дали не са се отказали от сделката, щом предлагат дивидент?

Така изглежда. Което може и да е по-добрата новина.

[tony1975]

дали не са се отказали от сделката, щом предлагат дивидент?

Sopharma proposed BGN 0.075 gross DPS for H1’24; shareholders to vote on new buyback procedure (POSITIVE)

Sopharma’s Board of Directors filed a GSM invitation for 25 October 2024, where shareholders will vote on distributing BGN 0.075 gross DPS from the H1’24 financial result. The total amount to be distributed should be c. BGN 12.4m (165.7m outstanding shares). The payout ratio stands at 55.8% while the annual dividend yield when accounting for the BGN 0.09 dividend voted in June comes to 2.8%. The shareholders would also vote on new buyback procedure under the following conditions: not more than 3% of the capital per calendar year at a minimum price per share of BGN 1 and a maximum price per share of BGN 7.00 with 18 months term of the procedure. Note that the current buyback procedure has an upper price limit of BGN 6.50 while Sopharma has treasury stock of 7.46% of the capital. Source: Sopharma; Commercial Registry; FFBH

[keizer]

Чичо ви е пуснал стотинките...

мдам, получих…

[inta53]

Чичо ви е пуснал стотинките...

[tony1975]

Achieve Life Sciences, Inc

Recent Highlights

• The FDA granted Breakthrough Therapy designation for cytisinicline treatment of nicotine e-cigarette, or vaping, cessation
• Completed refinancing and extended the maturity date of outstanding term loans with Silicon Valley Bank (SVB)
• Joined the U.S. Russell 3000^® and Russell Microcap^® Indexes
• Initiated ORCA-OL clinical trial evaluating long-term exposure of cytisinicline in people who smoke or use nicotine e-cigarettes
• Presented data from cytisinicline ORCA-V1 program at Society of General Internal Medicine (SGIM) Annual Meeting

“We are extremely proud of the significant milestones we have accomplished over the last few months, including the granting of Breakthrough Therapy designation for cytisinicline for vaping cessation, which highlights the urgent need for an effective treatment to help the millions of people who are battling nicotine vape addiction,” stated John Bencich, Chief Executive Officer of Achieve. “Additionally, we initiated and are making great progress in the ORCA-OL trial evaluating long-term cytisinicline exposure moving us closer to our expected NDA filing in the first half of 2025.”

[danetha]

Още малко ако падне и може да видим сериозно изсипване.

[August]

Телекомплект е синджир марка на Софарма, но косвено

Много синджири има мажовеца. Затова всички играчи притаени чакат и хранят
надежда някъде нещо да поскъпне от синджирите, да го махнат и да идат на друг който не е поскъпнал. Нещо като "тука има, тука нема"

[Дядо Коледа]

Най-вероятно ги е купил несвързан акционер с над 5% ("Телекомплект инвест" АД).

Телекомплект е синджир марка на Софарма, но косвено

[sunny]

Най-вероятно ги е купил несвързан акционер с над 5% ("Телекомплект инвест" АД).

Да, благодаря!

[MrProfit]

Не разбирам къде потъна един пакет от 710 к обратно изкупени акции, продадени от Софарма на 25 юни. Не намирам съобщения в ЕксТри, а ФФ не се е увеличил толкова много...

Най-вероятно ги е купил несвързан акционер с над 5% ("Телекомплект инвест" АД).