Bulgs.Is
BULGS.IS operates in the investment management and fund operators industry, providing banking and investment services to generate revenue through asset management and financial services.
Business. BULGS.IS operates in the investment management and fund operators industry, providing banking and investment services to generate revenue through asset management and financial services.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
BULGS.IS operates in the investment management and fund operators industry, providing banking and investment services to generate revenue through asset management and financial services.
BULGS.IS exhibits a strong capital structure with a total equity of 3,717,879,260 TRY and a low debt-to-equity ratio of 0.01, indicating minimal leverage. The company's liquidity is characterized by a current ratio of 6.82, suggesting a robust ability to meet short-term obligations. However, the company has no cash and equivalents, and its net cash position is negative after subtracting total debt, which could pose a liquidity risk.
In terms of profitability, BULGS.IS demonstrates a return on equity (ROE) of 37.23% and a return on assets (ROA) of 37.02%, both significantly above the industry median for investment management firms. The company's operating income of 2,369,848,630 TRY and net income of 1,384,095,990 TRY reflect strong operational performance. The price-to-earnings (P/E) ratio of 7.84 and price-to-book (P/B) ratio of 2.92 suggest the company is undervalued relative to its earnings and book value.
The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of segment and geographic diversification could expose the company to higher concentration risk if the investment management market experiences volatility.
Looking ahead, BULGS.IS is projected to maintain a stable growth trajectory, with no significant changes in revenue expected in the next fiscal year. The company's free cash flow of 1,383,263,100 TRY and operating cash flow of 1,236,198,220 TRY support its ability to fund operations and potentially invest in growth opportunities. However, the absence of capital expenditures and the lack of a clear growth strategy in the data suggest limited near-term expansion plans.
The risk assessment for BULGS.IS indicates a medium liquidity risk and a low dilution risk. The company's low debt levels and strong equity position reduce the likelihood of financial distress. However, the negative net cash position and the absence of cash and equivalents could pose challenges in the short term. The risk of dilution is low, as the number of shares outstanding has not changed between basic and diluted shares.
Recent events and filings for BULGS.IS do not indicate any material changes in the company's operations or financial position. The company's financial statements and disclosures are consistent with its historical performance, and there are no notable regulatory or legal issues reported in the available data.
- BULGS.IS has a strong capital structure with a low debt-to-equity ratio and a high current ratio.
- The company's ROE and ROA are significantly above industry medians, indicating strong profitability.
- The company's revenue is concentrated in a single segment, which could increase its exposure to market volatility.
- BULGS.IS is undervalued based on its P/E and P/B ratios, suggesting potential for upside.
- The company's liquidity risk is medium, and its dilution risk is low, indicating a stable financial position.
Bull / Bear case
analysis pipelineIn focus — financials by report
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- BULGS.IS Market data — financials · 2026-05-27