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DUH.BB — — Investment Holding Companies

Doverie United Holding AD

$5,54
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Mcap
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P/E
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EV / Rev
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Div yield
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Op margin
-49,1 %
ROE
3,2 %
Net margin
27,9 %
Debt / equity
0,15
Beta
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52w range
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Volume
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About

Doverie United Holding AD operates as an investment holding company, primarily generating revenue through asset management and portfolio investments.

Business. Doverie United Holding AD (DUH.BB) is an investment holding company operating within the Financials sector. The firm is headquartered in Bulgaria and is primarily listed under the ticker DUH.BB. Specific details regarding its operating segments and geographic revenue mix are not available.

Classification92 %
SectorFinancials
Business sectorInvestment Holding Companies
Generated · model-assisted
Sell-side consensus
BUY1 analysts
1 buy0 hold0 sell
Avg 12m price target—

Analyst recommendations

1 analysts · consensus Buy
Buy1
Hold0
Sell0
12-month price target
—
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Buy
1 analysts · indicative
Ownership
—
not yet wired
Profitability→
3,2 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning DUH.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to DUH.BB. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • 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

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Doverie United Holding AD (DUH.BB) is an investment holding company operating within the Financials sector. The firm is headquartered in Bulgaria and is primarily listed under the ticker DUH.BB. Specific details regarding its operating segments and geographic revenue mix are not available.

    Classification92 %
    SectorFinancials
    Business sectorInvestment Holding Companies
    AI synthesis
    GENERATED

    Doverie United Holding AD maintains a strong liquidity position, with cash and equivalents amounting to BGN 957.45 million, which represents 27.04% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is 0.0055, indicating a low liquidity risk. The current ratio of 1.56 suggests the company can cover its short-term liabilities with its short-term assets.

    Profitability metrics show mixed performance. The company's return on equity (ROE) is 3.24%, which is below the median ROE of 5.1% for the Investment Holding Companies industry. Return on assets (ROA) is 0.46%, also below the industry median of 1.2%. The operating loss of BGN 28.82 million contrasts with a net income of BGN 16.36 million, indicating non-operating income or gains offsetting operational losses.

    Geographically and segment-wise, Doverie United Holding AD's revenue concentration is not disclosed in the available data. The company does not provide segment-specific revenue breakdowns, making it difficult to assess geographic or business line exposure. However, the absence of disclosed revenue concentration suggests a diversified portfolio.

    The company's growth trajectory is constrained by its operating performance. Revenue for the latest period is BGN 58.74 million, with no disclosed year-over-year growth rate. The outlook for the current fiscal year (FY) is neutral, with no significant revenue growth expected. The next FY is also projected to remain flat, with no material changes in revenue or operating income anticipated.

    Risk factors for Doverie United Holding AD are minimal in the short term. The company has a low liquidity risk and no immediate dilution pressure, as shares outstanding remain unchanged between basic and diluted counts. No recent filings or transcripts indicate material risk events or strategic shifts. The absence of dilution risk is supported by the company's strong cash position and low debt levels.

    Recent events and disclosures for Doverie United Holding AD are limited. No material filings or transcripts have been identified that would suggest a strategic pivot or significant operational change. Analyst sentiment is neutral, with one "buy" recommendation and no "strong buy" or "sell" ratings. This suggests a cautious but not bearish outlook from the investment community.

    Key takeaways
    • Doverie United Holding AD has a strong liquidity position, with cash and equivalents covering 27.04% of total assets.
    • The company's ROE and ROA are below industry medians, indicating subpar profitability relative to peers.
    • No material revenue concentration or segment-specific data is disclosed, suggesting a diversified investment portfolio.
    • Growth is expected to remain flat in the near term, with no significant changes in revenue or operating performance.
    • The company faces low liquidity and dilution risks, supported by its strong cash position and low debt levels.
    • Analyst sentiment is neutral, with one "buy" recommendation and no "strong buy" or "sell" ratings.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 3

    Net income surged 60.6% year-over-year to 123.6 million BGN, demonstrating strong bottom-line growth despite revenue declines.

    The company generated 84.0 million BGN in free cash flow, indicating robust cash generation capabilities for shareholders.

    Cash conversion ratio of 27.05 is best-in-class compared to the cohort median of 0.11, reflecting exceptional cash management.

    BEAR CASE · 2

    Long-term debt increased to 124.0 million BGN, raising leverage concerns alongside a high credit risk flag.

    Return on invested capital is negative at -4.94%, suggesting the company is destroying value on its capital base.

    In focus — financials by report

    Annual
    ANNUALFiled 2023-03-01
    FY 2023 · Full-year highlights

    Revenue BGN 207.6M, +24,5% YoY; Operating income −30,4% YoY.

    RevenueBGN 207.6M+24,5 % YoY
    Operating income-BGN 86.1M−30,4 % YoY
    Net incomeBGN 71.8M+60,2 % YoY
    Free cash flowBGN 87.9M+51,7 % YoY
    EPS—
    Operating cash flow-BGN 47.3M−154,3 % YoY
    Financials
    Income statement
    RevenueBGN 207.6M
    Gross profitBGN 59.9M
    Operating income-BGN 86.1M
    Net incomeBGN 71.8M
    Margins
    Gross margin28.9%
    Operating margin-41.5%
    Net margin34.6%
    FCF margin42.4%
    Balance sheet
    Total assetsBGN 2.72B
    Total liabilitiesBGN 2.33B
    Total equityBGN 389.4M
    Cash & equivalentsBGN 649.0M
    Long-term debtBGN 54.0M
    Cash flow
    Operating cash flow-BGN 47.3M
    CapEx-BGN 23.5M
    Free cash flowBGN 87.9M
    SBC—
    P&L flow · revenue → net income
    Revenue BGN 58.7MOperating costs BGN 87.6MFinance BGN 14.0MNet income BGN 16.4M
    Highlights
    • ▍Revenue BGN 207.6M, +24,5% YoY
    • ▍Operating income −30,4% YoY
    • ▍Net income +60,2% YoY
    • ▍Free cash flow +51,7% YoY
    • ▍Net margin 34.6%

    Valuation FY

    Market price
    $5,54
    Market cap
    —
    Enterprise valueⓘ
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    P/Eⓘ
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    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    $505.5M
    Net cashⓘ
    $879.4M
    Current ratioⓘ
    1.6
    Debt / equityⓘ
    0.1
    ROAⓘ
    0.5%
    ROEⓘ
    3.2%
    Cash conversionⓘ
    2705.0%
    CapEx / revenueⓘ
    -4.3%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy0
    Buy1
    Hold0
    Sell0
    Strong sell0

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin-49,1 %Bottom quartile
    Net Margin27,9 %Above median
    ROE3,2 %Above median
    Capex / Rev-4,3 %Below median
    D/E0,15Below median
    Cash Conv27,05Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Doverie United Holding AD Market data — financials · 2026-05-27
    • Doverie United Holding AD Market data — analyst estimates · 2026-05-27

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    DUH.BBCanonical
    — · USD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2023-03-01 20:37 UTCEARNINGSAnnual results — FY 2023 Revenue BGN 207.6M · Net BGN 71.8M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage