The Research & Corporate Finance department at FFBH has developed considerable knowledge and skills for a broad range of analysis & research products, most important being the financial analyses of companies listed on the Bulgarian Stock Exchange. The continuous business and financial analysis of more than 30 listed companies is a major task of the research team operations. In all of the research reports, we thoroughly investigate the factors affecting a company's financial results and equity valuation.

Major Research and Analysis Services:

• Equity analysis of the biggest and/or most liquid companies listed on the BSEAd-hoc company analysis and forecasts
• Financial markets commentaries
• Macro updates
• Monitoring of privatization deals
• A daily publication covering major economic and corporate news and an overview of the capital markets
• A weekly report featuring capital market trends, listed companies’ data and macroeconomic indicators and news
• A quarterly economic review with details on the Bulgaria’s economic performance, commentaries and statistical indicators.

Clients of our research products are most of the largest foreign and local institutional investors looking for opportunities in Bulgaria. More than 40 investment banks, investment funds and other institutional investors use our Equity research and Economic review on a regular basis. FFBH’s Morning Update and Weekly Update bulletins reach more than 200 clients in different countries.

The knowledge and expertise derived from our consulting, specialist corporate finance, and brokerage activities, gives a strong support to our local clients for preparation of Information Memoranda, Prospectuses, Tender Offers, etc. We work together with management teams to prepare all required analyses, company presentations and documents.

FFBH has accumulated substantial experience in providing valuation services for companies with very diverse line of business. Whether the firm's clients require stock valuations, asset appraisals or general consulting services, FFBH has the flexibility to address each client's unique requirements.

FFBH is in a position to provide in-depth strategic economic and financial analyses for its clients and assess the viability of clients’ financial and organizational options. FFBH has assisted a number of companies in the development of feasibility studies and business plans whether for seeking venture capital, bank financing, or expanding a business. These studies include estimates of capital expenditures, revenue and income forecasts, competitive market analyses, investment recovery periods, and rates of return. FFBH has advised leading Bulgarian companies in the banking, oil & gas, metallurgy, machinery, food & beverages and pharmaceuticals industries.

FFBH’s extensive financial and economic experience has provided the foundation for successful corporate restructuring advisory including analysis of current industry trends and forecasts, specific analysis and recasting of company performance, prospective buyers identification and arranging for transaction financing.

 

Distribution of FFBH’s current stock ratings
	Buy	Hold	Sell	Under Review	Restricted
% of total	69%	19%	6%	0%	6%

Corporate Finance Clients
	Buy	Hold	Sell	Under Review	Restricted
% of total	25%	25%	0%	0%	50%