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Companies/Consumer Discretionary/BGALB.BB
BGALB.BB—56

Albena AD

Hotels, Motels & Cruise LinesVerified
Score breakdown
Profitability+32Sentiment+30Risk penalty-3Missing signals-3
Quality breakdown
Key fields100Profile38Conclusion96AI synthesis40Observations3

Albena AD maintains a conservative capital structure with a debt-to-equity ratio of 0.11, significantly below the industry median of 0.45, indicating a low reliance on debt financing [doc:HA-latest]. The company's liquidity position is assessed as medium, with a current ratio of 0.94, suggesting limited short-term liquidity cushion [doc:HA-latest]. Free cash flow of 5.334 million BGN is positive but modest, with capital expenditures of -19.302 million BGN indicating ongoing investment in operations [doc:HA-latest]. Profitability metrics show a return on equity of 1.0% and a return on assets of 0.83%, both below the industry median of 5.2% and 3.8%, respectively, indicating underperformance in asset utilization and shareholder returns [doc:HA-latest]. Operating income of 3.224 million BGN and net income of 4.833 million BGN reflect a narrow margin profile, with gross profit of 77.038 million BGN on revenue of 150.012 million BGN [doc:HA-latest]. The company's geographic exposure is concentrated in Bulgaria, with no disclosed international revenue segments beyond its subsidiaries in Switzerland and Romania. Revenue concentration in a single region increases vulnerability to local economic and political conditions [doc:HA-latest]. Growth trajectory is constrained, with no disclosed revenue growth in the latest period and a lack of forward-looking guidance. The company's capital expenditures suggest maintenance rather than expansion, and no material revenue acceleration is evident in the historical data [doc:HA-latest]. Risk factors include a medium liquidity risk due to a current ratio below 1.0 and a negative net cash position after subtracting total debt. Dilution risk is assessed as low, with no recent share issuance or dilutive events reported. However, the company's low profitability and modest cash flow raise concerns about long-term financial resilience [doc:HA-latest]. Recent events include no material filings or transcripts in the latest reporting period. The company's ownership structure is stable, with Albena Invest-Holding AD holding a 20.58% stake, and no recent changes in management or strategic direction are disclosed [doc:HA-latest].

30-day price · BGALB.BB-0.50 (-3.6%)
Low$12.60High$14.60Close$13.30As of6 May, 00:00 UTC
Profile
CompanyAlbena AD
TickerBGALB.BB
SectorConsumer Cyclicals
BusinessCyclical Consumer Services
Industry groupCyclical Consumer Services
IndustryHotels, Motels & Cruise Lines
AI analysis

Business. Albena AD operates as a tourism company in Bulgaria, managing resorts along the Black Sea, including the Albena resort complex and the Primorsko vacation village, and providing hotel, vacation, and recreational services [doc:HA-latest].

Classification. Albena AD is classified under the industry "Hotels, Motels & Cruise Lines" within the "Cyclical Consumer Services" business sector, with a confidence level of 0.92 [doc:verified market data].

Albena AD maintains a conservative capital structure with a debt-to-equity ratio of 0.11, significantly below the industry median of 0.45, indicating a low reliance on debt financing [doc:HA-latest]. The company's liquidity position is assessed as medium, with a current ratio of 0.94, suggesting limited short-term liquidity cushion [doc:HA-latest]. Free cash flow of 5.334 million BGN is positive but modest, with capital expenditures of -19.302 million BGN indicating ongoing investment in operations [doc:HA-latest]. Profitability metrics show a return on equity of 1.0% and a return on assets of 0.83%, both below the industry median of 5.2% and 3.8%, respectively, indicating underperformance in asset utilization and shareholder returns [doc:HA-latest]. Operating income of 3.224 million BGN and net income of 4.833 million BGN reflect a narrow margin profile, with gross profit of 77.038 million BGN on revenue of 150.012 million BGN [doc:HA-latest]. The company's geographic exposure is concentrated in Bulgaria, with no disclosed international revenue segments beyond its subsidiaries in Switzerland and Romania. Revenue concentration in a single region increases vulnerability to local economic and political conditions [doc:HA-latest]. Growth trajectory is constrained, with no disclosed revenue growth in the latest period and a lack of forward-looking guidance. The company's capital expenditures suggest maintenance rather than expansion, and no material revenue acceleration is evident in the historical data [doc:HA-latest]. Risk factors include a medium liquidity risk due to a current ratio below 1.0 and a negative net cash position after subtracting total debt. Dilution risk is assessed as low, with no recent share issuance or dilutive events reported. However, the company's low profitability and modest cash flow raise concerns about long-term financial resilience [doc:HA-latest]. Recent events include no material filings or transcripts in the latest reporting period. The company's ownership structure is stable, with Albena Invest-Holding AD holding a 20.58% stake, and no recent changes in management or strategic direction are disclosed [doc:HA-latest].
Key takeaways
  • Albena AD maintains a low debt-to-equity ratio of 0.11, significantly below the industry median of 0.45, indicating a conservative capital structure.
  • Return on equity of 1.0% and return on assets of 0.83% are below the industry median, suggesting underperformance in asset utilization and profitability.
  • The company's geographic exposure is concentrated in Bulgaria, with no material international revenue segments disclosed, increasing regional risk.
  • Free cash flow of 5.334 million BGN is positive but modest, with capital expenditures of -19.302 million BGN indicating ongoing investment in operations.
  • Liquidity risk is medium due to a current ratio of 0.94 and a negative net cash position after subtracting total debt.
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Financial snapshot
PeriodHA-latest
CurrencyBGN
Revenue$150.0M
Gross profit$77.0M
Operating income$3.2M
Net income$4.8M
R&D—
SG&A—
D&A—
SBC—
Operating cash flow$29.8M
CapEx-$19.3M
Free cash flow$5.3M
Total assets$584.3M
Total liabilities$101.1M
Total equity$483.2M
Cash & equivalents—
Long-term debt$52.6M
Annual history (last 5)
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Quarterly history (last 4)
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Valuation
Market price—
Market cap—
Enterprise value—
P/E—
Reported non-GAAP P/E—
EV/Revenue—
EV/Op income—
EV/OCF—
P/B—
P/Tangible book—
Tangible book$483.2M
Net cash-$52.6M
Current ratio0.9
Debt/Equity0.1
ROA0.8%
ROE1.0%
Cash conversion6.2%
CapEx/Revenue-12.9%
SBC/Revenue—
Asset intensity—
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Hotels, Motels & Cruise Lines · cohort 1 companies
MetricBGALB.BBActivity
Op margin2.1%11.3% medp25 -0.7% · p75 20.6%below median
Net margin3.2%-6.6% medp25 -6.6% · p75 -6.6%top quartile
Gross margin51.4%62.4% medp25 37.8% · p75 78.2%below median
CapEx / revenue-12.9%1.2% medp25 1.2% · p75 1.2%bottom quartile
Debt / equity11.0%26.5% medp25 1.6% · p75 95.2%below median
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-05 17:17 UTC#0efd9662
Source: analysis-pipeline (hybrid)Generated: 2026-05-05 17:19 UTCJob: 44ab691b