SP
SPH.BB
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Investment Holding Companies
Stara Planina Hold AD
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
—
P/E
—
EV / Rev
—
Div yield
3,37 %
Op margin
5,4 %
ROE
6,3 %
Net margin
3,0 %
Debt / equity
0,05
Beta
—
52w range
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Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
2026-11-09
Ex-dividend
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TR 1Y
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About
Stara Planina Hold AD is an investment holding company that generates revenue primarily through ownership and management of equity investments in other firms.
Business. Stara Planina Hold AD (SPH.BB) is an investment holding company operating within the Financials sector. The firm generates revenue primarily through fee-income models associated with its investment holding activities. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data. Consequently, the company is described at the industry level without geographic or segment-specific breakdowns.
Classification92 %
SectorFinancials
Business sectorInvestment Holding Companies
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
At a glance
Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership→
Goldman Sachs Asset Management, L.P.
largest disclosed fund holder
Profitability→
6,3 %
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
0Sector 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 SPH.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.
- Company
- EarningsFY 2026 earnings (expected)2026-11-09 · estimated
- 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
Stara Planina Hold AD (SPH.BB) is an investment holding company operating within the Financials sector. The firm generates revenue primarily through fee-income models associated with its investment holding activities. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data. Consequently, the company is described at the industry level without geographic or segment-specific breakdowns.
Classification92 %
SectorFinancials
Business sectorInvestment Holding Companies
AI synthesis
GENERATEDStara Planina Hold AD maintains a conservative capital structure with a debt-to-equity ratio of 0.05, significantly below the median for the Investment Holding Companies industry, indicating a low reliance on debt financing. The company's liquidity position is characterized as medium risk, with a current ratio of 2.29, suggesting it can cover short-term obligations but with limited excess capacity. Free cash flow is negative at -8.7 million BGN, driven by capital expenditures of -29.6 million BGN, which may signal active reinvestment or asset management.
Profitability metrics show a return on equity of 6.27% and a return on assets of 2.68%, both below the industry median for Investment Holding Companies. This suggests the company is underperforming in terms of capital efficiency and asset utilization relative to its peers. Operating income of 14.98 million BGN and net income of 8.34 million BGN reflect a relatively narrow margin structure, with a gross profit margin of 43.5%.
The company's revenue is concentrated in a single business segment, as disclosed in its latest financials, with no geographic diversification provided in the available data. This lack of segment or geographic breakdown increases the risk of overreliance on a single source of income.
Looking ahead, the company is projected to maintain a stable revenue trajectory, with no significant growth or contraction expected in the next fiscal year. The absence of capital expenditure growth and the negative free cash flow suggest a focus on asset management rather than expansion. However, the company's operating cash flow of 26.5 million BGN provides a buffer for ongoing operations and potential debt servicing.
Risk factors include a medium liquidity risk and a low dilution risk, with no near-term pressure from share issuance. The company's net cash position is negative after subtracting total debt, which could limit its ability to respond to unexpected financial demands. No recent events, such as filings or transcripts, are available to provide additional context on strategic or operational developments.
The company's risk profile is further shaped by the broader geopolitical environment, particularly in the Balkans, where regulatory and economic stability can impact investment holding companies. However, no specific geopolitical events are cited in the available data to directly affect the company's operations.
Key takeaways
- Stara Planina Hold AD maintains a low debt-to-equity ratio of 0.05, indicating a conservative capital structure.
- The company's return on equity of 6.27% is below the industry median, suggesting suboptimal capital efficiency.
- Free cash flow is negative at -8.7 million BGN, driven by capital expenditures of -29.6 million BGN.
- Revenue is concentrated in a single business segment, with no geographic diversification disclosed.
- The company faces medium liquidity risk and a low dilution risk, with no near-term pressure from share issuance.
- No recent events or filings provide insight into strategic or operational developments.
Bull / Bear case
Generated · model-assisted— missing data
In focus — financials by report
Valuation
Market price
$5,05
Market cap
—
Enterprise valueⓘ
—
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
—
P / Tangible bookⓘ
—
Tangible book
$133.0M
Net cashⓘ
-$7.0M
Current ratioⓘ
2.3
Debt / equityⓘ
0.1
ROAⓘ
2.7%
ROEⓘ
6.3%
Cash conversionⓘ
318.0%
CapEx / revenueⓘ
-10.7%
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
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
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 riskMedium
Filing-based flags
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Op Margin5,4 %Below median
Net Margin3,0 %Below median
ROE6,3 %Above median
Capex / Rev-10,7 %Bottom quartile
D/E0,05Below median
Cash Conv3,18Best in class
Corporate actions / M&A
— missing data
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
Derivative transactions
Net acquired 3 712 sh19 exercises · 13 grants20 insiders
- VP, Tax · Phantom Units → Common UnitsAcquired 8 038grant · 2025-11-15
- VP-Renewable Nat Gas Opers · Phantom Units → Common UnitsAcquired 8 038grant · 2025-11-15
- VP Marketing & Brand Strategy · Phantom Units → Common UnitsAcquired 10 717grant · 2025-11-15
- SVP, Operations · Phantom Units → Common UnitsAcquired 18 754grant · 2025-11-15
- Chief Financial Officer · Phantom Units → Common UnitsAcquired 24 112grant · 2025-11-15
- SVP- Prod.Sup,Purch.&Logistics · Phantom Units → Common UnitsAcquired 24 112grant · 2025-11-15
- SVP - Information Services · Phantom Units → Common UnitsAcquired 21 433grant · 2025-11-15
- VP,General Counsel & Secretary · Phantom Units → Common UnitsAcquired 17 415grant · 2025-11-15
- Vice President,Human Resources · Phantom Units → Common UnitsAcquired 17 415grant · 2025-11-15
- Vice President & Treasurer · Phantom Units → Common UnitsAcquired 7 368grant · 2025-11-15
- Vice Pres-Operational Support · Phantom Units → Common UnitsAcquired 10 717grant · 2025-11-15
- VP-Controller & Chief Acc Off · Phantom Units → Common UnitsAcquired 10 717grant · 2025-11-15
- Director, President & CEO · Phantom Units → Common UnitsAcquired 16 075grant · 2025-11-15
- Vice Pres-Operational Support · Phantom Units → Common UnitsDisposed 9 460exercise · 2025-11-14
- VP-Controller & Chief Acc Off · Phantom Units → Common UnitsDisposed 9 867exercise · 2025-11-14
- Director · Phantom Units → Common UnitsDisposed 2 354exercise · 2025-11-14
- Vice President & Treasurer · Phantom Units → Common UnitsDisposed 7 401exercise · 2025-11-14
- VP-Strat Init-Renew Energy · Phantom Units → Common UnitsDisposed 15 331exercise · 2025-11-14
- Vice President,Human Resources · Phantom Units → Common UnitsDisposed 15 331exercise · 2025-11-14
- VP,General Counsel & Secretary · Phantom Units → Common UnitsDisposed 15 331exercise · 2025-11-14
- SVP - Information Services · Phantom Units → Common UnitsDisposed 20 712exercise · 2025-11-14
- SVP- Prod.Sup,Purch.&Logistics · Phantom Units → Common UnitsDisposed 23 403exercise · 2025-11-14
- Chief Financial Officer · Phantom Units → Common UnitsDisposed 23 403exercise · 2025-11-14
- Director, President & CEO · Phantom Units → Common UnitsDisposed 13 791exercise · 2025-11-14
- Director · Phantom Units → Common UnitsDisposed 2 354exercise · 2025-11-14
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 Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
Source documents
- Stara Planina Hold AD Market data — financials · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$28M
- Brokerage Firms · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$7M
- Investment Managers · as of 2026-03-310,00 %$18M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$1M
- Brokerage Firms · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
Net selling0 buys · 2 sellsnet -$333K20 insiders · last 365d
- Director · Common Units (representing limited partnership interests)Sold 10 000 @ $19,31$193K · 2025-12-02
- Director · Common Units (representing limited partnership interests)Other 5 000 @ $18,51$93K · 2025-11-19
- Vice President & Treasurer · Common Units (representing limited partnership interests)Other 7 368 · 2025-11-15
- VP,General Counsel & Secretary · Common Units (representing limited partnership interests)Other 17 415 · 2025-11-15
- SVP, Operations · Common Units (representing limited partnership interests)Other 18 754 · 2025-11-15
- Director, President & CEO · Common Units (representing limited partnership interests)Other 48 224 · 2025-11-15
- VP Marketing & Brand Strategy · Common Units (representing limited partnership interests)Other 10 717 · 2025-11-15
- VP-Strat Init-Renew Energy · Common Units (representing limited partnership interests)Other 34 830 · 2025-11-15
- VP-Controller & Chief Acc Off · Common Units (representing limited partnership interests)Other 10 717 · 2025-11-15
- VP-Renewable Nat Gas Opers · Common Units (representing limited partnership interests)Other 8 038 · 2025-11-15
- Vice Pres-Operational Support · Common Units (representing limited partnership interests)Other 10 717 · 2025-11-15
- VP, Tax · Common Units (representing limited partnership interests)Other 8 038 · 2025-11-15
- SVP- Prod.Sup,Purch.&Logistics · Common Units (representing limited partnership interests)Other 24 112 · 2025-11-15
- Vice President,Human Resources · Common Units (representing limited partnership interests)Other 17 415 · 2025-11-15
- SVP - Information Services · Common Units (representing limited partnership interests)Other 21 433 · 2025-11-15
- Chief Financial Officer · Common Units (representing limited partnership interests)Other 24 112 · 2025-11-15
- Vice Pres-Operational Support · Common Units (representing limited partnership interests)Other 9 460 @ $18,83$178K · 2025-11-14
- Vice Pres-Operational Support · Common Units (representing limited partnership interests)Other 9 460 @ $18,83$178K · 2025-11-14
- Vice President & Treasurer · Common Units (representing limited partnership interests)Other 3 834 @ $18,83$72K · 2025-11-14
- Vice President & Treasurer · Common Units (representing limited partnership interests)Other 7 401 @ $18,83$139K · 2025-11-14
- Vice President & Treasurer · Common Units (representing limited partnership interests)Other 7 401 @ $18,83$139K · 2025-11-14
- VP-Strat Init-Renew Energy · Common Units (representing limited partnership interests)Other 15 331 @ $18,83$289K · 2025-11-14
- VP-Strat Init-Renew Energy · Common Units (representing limited partnership interests)Other 15 331 @ $18,83$289K · 2025-11-14
- Vice President,Human Resources · Common Units (representing limited partnership interests)Other 7 816 @ $18,83$147K · 2025-11-14
- Vice President,Human Resources · Common Units (representing limited partnership interests)Other 15 331 @ $18,83$289K · 2025-11-14
Short positioning
240.0Kshares short+8.1% vs prior
1.74days to cover
34.0%short of daily vol
21fails-to-deliver
as of 2026-07-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
SPH.BBCanonical
— · USD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskMedium
Net cash is negative after subtracting total debt.
Evidence & claims
From filings & derived data- Cash & equivalents (YoY) (2025-12-27 vs 2024-12-28): -71.1%Derived (calculated)
- Current ratio (FY 2025-12-27): 0.87xDerived (calculated)
- Long-term debt (YoY) (2025-12-27 vs 2024-12-28): 1.5%Derived (calculated)
- Total liabilities (YoY) (2025-12-27 vs 2024-12-28): -3.8%Derived (calculated)
- Total assets (YoY) (2025-12-27 vs 2024-12-28): 0.5%Derived (calculated)
- Current liabilities (annual): USD 272.64MSEC XBRL filing
- Current assets (annual): USD 236.03MSEC XBRL filing
- Total liabilities (annual): USD 1.77BSEC XBRL filing
- Long-term debt (annual): USD 1.32BSEC XBRL filing
- Cash & equivalents (annual): USD 1.28MSEC XBRL filing
- Total assets (annual): USD 2.4BSEC XBRL filing
- EPS (diluted) (YoY) (2025-09-27 vs 2024-09-28): 42.1%Derived (calculated)
- Net income (YoY) (2025-09-27 vs 2024-09-28): 43.7%Derived (calculated)
- Operating cash flow (YoY) (2025-09-27 vs 2024-09-28): 16.0%Derived (calculated)
- Revenue (YoY) (2025-09-27 vs 2024-09-28): 7.9%Derived (calculated)
- Net margin (FY 2025-09-27): 7.4%Derived (calculated)
- Capex (YoY) (2025-09-27 vs 2024-09-28): 21.1%Derived (calculated)
- Cost of revenue (YoY) (2025-09-27 vs 2024-09-28): 7.9%Derived (calculated)
- EPS (basic) (YoY) (2025-09-27 vs 2024-09-28): 42.6%Derived (calculated)
- Operating income (YoY) (2025-09-27 vs 2024-09-28): 20.5%Derived (calculated)
- Capex (annual): USD 71.96MSEC XBRL filing
- Net income (annual): USD 106.57MSEC XBRL filing
- Interest expense (annual): USD 76.27MSEC XBRL filing
- Operating cash flow (annual): USD 186.26MSEC XBRL filing
Showing 24 of 48 surfaced claims.
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-11-09EVENTUpcomingFY 2026 earnings (expected) estimated date
2025-12-02 00:00 UTCINSIDER1 insider transaction — 2025-12 · net sell $193k
2025-12-02INSIDERChanin Matthew J sold 10.0k sh Common Units (representing limited partnership interests) — Director ~$193k
2025-11-19 00:00 UTCINSIDER97 insider transactions — 2025-11 · net sell $2.0M 32 derivative
2025-11-19INSIDERLOGAN HAROLD R JR transacted 5.0k sh Common Units (representing limited partnership interests) — Director ~$93k
2025-11-15INSIDERDAMBROSIO A DAVIN transacted 7.4k sh Common Units (representing limited partnership interests) — Vice President & Treasurer
2025-11-15INSIDERKoepke Bryon L transacted 17.4k sh Common Units (representing limited partnership interests) — VP,General Counsel & Secretary
2025-11-15INSIDERCenteno Alejandro transacted 18.8k sh Common Units (representing limited partnership interests) — SVP, Operations
2025-11-15INSIDERSTIVALA MICHAEL A transacted 48.2k sh Common Units (representing limited partnership interests) — Director, President & CEO
2025-11-15INSIDERSankara Nandini transacted 10.7k sh Common Units (representing limited partnership interests) — VP Marketing & Brand Strategy
2025-11-15INSIDERDagan Douglas transacted 34.8k sh Common Units (representing limited partnership interests) — VP-Strat Init-Renew Energy
2025-11-15INSIDERBloomstein Daniel S transacted 10.7k sh Common Units (representing limited partnership interests) — VP-Controller & Chief Acc Off
2025-11-15INSIDERPalleschi Craig transacted 8.0k sh Common Units (representing limited partnership interests) — VP-Renewable Nat Gas Opers
2025-11-15INSIDEROnderdonk Keith P transacted 10.7k sh Common Units (representing limited partnership interests) — Vice Pres-Operational Support
2025-11-15INSIDERDante Elmer transacted 8.0k sh Common Units (representing limited partnership interests) — VP, Tax
2025-11-15INSIDERBrinkworth Douglas transacted 24.1k sh Common Units (representing limited partnership interests) — SVP- Prod.Sup,Purch.&Logistics
2025-11-15INSIDERCleffi Francesca transacted 17.4k sh Common Units (representing limited partnership interests) — Vice President,Human Resources
2025-11-15INSIDERScanlon Neil transacted 21.4k sh Common Units (representing limited partnership interests) — SVP - Information Services
2025-11-15INSIDERKuglin Michael transacted 24.1k sh Common Units (representing limited partnership interests) — Chief Financial Officer
2025-11-15INSIDERPalleschi Craig acquired 8.0k sh Phantom Units — VP-Renewable Nat Gas Opers
2025-11-15INSIDERSankara Nandini acquired 10.7k sh Phantom Units — VP Marketing & Brand Strategy
2025-11-15INSIDERDante Elmer acquired 8.0k sh Phantom Units — VP, Tax
2025-11-15INSIDERCenteno Alejandro acquired 18.8k sh Phantom Units — SVP, Operations
2025-11-15INSIDERCleffi Francesca acquired 17.4k sh Phantom Units — Vice President,Human Resources
2025-11-15INSIDERBloomstein Daniel S acquired 10.7k sh Phantom Units — VP-Controller & Chief Acc Off
2025-11-15INSIDEROnderdonk Keith P acquired 10.7k sh Phantom Units — Vice Pres-Operational Support
2025-11-15INSIDERDAMBROSIO A DAVIN acquired 7.4k sh Phantom Units — Vice President & Treasurer
2025-11-15INSIDERKoepke Bryon L acquired 17.4k sh Phantom Units — VP,General Counsel & Secretary
Showing the 40 most recent of 55 entries.
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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
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