Fondul Proprietatea SA

FP

Fondul Proprietatea SA is a publicly owned investment manager.The firm invests in the public equity markets of Romania. The firm primarily invests in Power, Oil and Gas sectors.Fondul Proprietatea SA...

Website | Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices | Other

Automated Financial Analysis

🤵

Financial Advisor Insight

"The stock appears significantly undervalued compared to its earnings potential. Technicals confirm a positive long-term trend, supported by moving averages. Selling pressure in the order book suggests short-term distribution."

Sentiment: Bearish Action: Buy

"Company demonstrates strong financial health with positive growth and stability indicators."

High Profitability (Net Margin: 87.0%).
Undervalued based on PE (Current: 8.3 vs Fair: 15).
Significantly Undervalued (Trading 73% below Graham Number).
Bullish Trend (SMA50 > SMA200).
Stochastic indicates overbought conditions.

Technical Analysis

Trend Bullish (Long Term)
Last Cross
Golden Cross (1 year ago)
RSI (14) 57.7
SMA 50 0.61
SMA 200 0.60

Price Valuation

Current Price 0.61
Fair Value (PE 15) 1.10
Undervalued 80%
Graham Number 1.05
Upside 73%

Forecast

Rev Forecast (Next Yr) 90M
Growth Forecast -68.8%

📊 Market & Peer Context

Benchmark: BET
Volatility (Beta)
0.17
Less Volatile than Market
Correlation
0.11
Moves with Market
Relative Strength (1Y)
-10.32%
vs Benchmark
Index Returns (1Y)
47.6%
BET

Historical Performance

Metric 5Y 3Y 1Y YTD 6M 3M 1M 1W
FP -66.4% 52.4% 33.9% 13.4% 15.8% -3.5% 2.9% 2.7%
BET - 121.3% 47.6% 30.0% 13.9% -6.8% -7.5% 0.2%
Alpha (Diff) - -68.9% -13.7% -16.6% +1.9% +3.3% +10.4% +2.5%

Financial Reports

Price Chart

Evoluție Istorică (Fundamente)

Cum au evoluat metricile cheie an de an - ca să vezi dacă FP crește, stagnează sau se deteriorează, nu doar cum arată azi.

Indicator 2021 2022 2023 2024 2025 2026 TTM 2026 TTM Tendință
P/E Ratio ⓘ 2.47 4.45 — 4.01 3.51 4.16 2.79 ▼ +0.32
ROE ⓘ 41.73% 19.55% -10.69% 11.17% 19.97% 19.70% 26.43% ▼ -15.30%
Randament Dividend ⓘ 6,959.56% 2,475.04% — 1,491.06% 761.19% 8.70% 8.91% ▼ -6,950.66%

Precizie Prognoză (Istoric)

Cât de aproape au fost estimările trecute de creștere/valoare justă față de ce s-a întâmplat de fapt.

Colectăm date din 15.08.2026 - prima comparație va fi posibilă din 2025, când apare raportul anual real pentru acel an.

Sector: Other

Based on Market Cap
LEADER
EVER
Evergent Investments SA
3,061M
ARS
Aerostar S.A.
2,726M
ONE
One United Properties SA
2,475M
AQ
Aquila Part Prod Com S.A.
2,362M
LION
Lion Capital S.A.
2,300M
INFINITY
Infinity Capital Investments S.A.
2,253M
FP
Fondul Proprietatea SA
2,050M
CRC
Chimcomplex S.A.
1,854M
SFG
Sphera Franchise Group S.A.
1,284M
SOCP
SOCEP S.A.
1,247M
GREEN
Green Tech International S.A.
1,064M
ALR
Alro S.A.
992M
WINE
Purcari Wineries Public Company Limited
810M
TTS
TTS (Transport Trade Services) S.A.
707M
AROBS
AROBS Transilvania Software S.A.
675M
COTE
Conpet S.A.
656M
CMVX
Comvex S.A.
635M
BVB
Bursa de Valori Bucuresti SA
597M
IARV
IAR S.A.
581M
DN
Dn Agrar Group S.A.
557M
SMTL
Simtel Team S.A.
459M
FOSB
SC Foraj Sonde SA Craiova
445M
IMP
Impact Developer & Contractor S.A.
429M
OIL
Oil Terminal S.A.
349M
GSH
GRUP SERBAN HOLDING SA
312M
FOJE
S.C. Foraj Sonde S.A.
306M
SIDG
S.C. ArcelorMittal Hunedoara S.A.
305M
SNO
Santierul Naval Orsova S.A.
288M
EFO
Turism, Hoteluri, Restaurante Marea Neagra S.A.
280M
PPLI
Professional Imo Partners S.A.
232M

ETAPA 1 • MUST HAVE

7/8
Healthy Leverage (Debt/Equity) ⓘ
0.00 țintă < 1.5
–
Gross Margin vs Industry ⓘ
100.0% vs 50.3% țintă > 50.3%
▲
Operating Cash Flow vs Profit ⓘ
191% țintă > 100%
▲
Free Cash Flow vs Profit ⓘ
0% țintă > 80%
–
ROIC (Return on Capital) ⓘ
7.03% țintă Positive
▲
ROIC vs WACC ⓘ
ROIC: 7.0% / WACC: 4.4% țintă > WACC
▲
ROE (Return on Equity) ⓘ
11.2% țintă > 10%
▲
EBITDA Positive ⓘ
253.44M țintă > 0
▲

ETAPA 2 • CRITERII

5/12
Interest Coverage ⓘ
N/A țintă > 3x
▼
N/A
Net Margin vs Industry ⓘ
87.0% țintă > 26.8%
▼
Passed
ROA vs Industry ⓘ
5.9% țintă > 4.2%
▲
Passed
Current Ratio ⓘ
8.47 țintă > 1.5
▼
Passed
Assets Growth (5y) ⓘ
-30.2% CAGR țintă > 0%
▼
Miss
FCF CAGR (5y) ⓘ
N/A țintă > 5%
N/A
EV/EBITDA vs Industry ⓘ
0.0 vs 21.9 țintă < Industry
–
Miss
Net Debt / EBITDA ⓘ
0.00 țintă < 3
–
Passed
Revenue CAGR (5y) ⓘ
N/A țintă > 5%
▲
N/A
Quick Ratio ⓘ
7.49 țintă > 1.0
▼
Passed
Payout Ratio (Dividend) ⓘ
N/A țintă < 80%
N/A
EBITDA Margin vs Industry ⓘ
N/A țintă > 27.9%
N/A

SNAPSHOT COMPANIE

BUY 82% încredere
Etapa 1: 88% • Etapa 2: 71%
Semnal algoritmic bazat pe fundamentale, nu recomandare de investiție.
Capitalizare ⓘ
2.09B RON
EBITDA ⓘ
253.44M
P/E Ratio ⓘ
8.31
PEG Ratio ⓘ
0.00
Dividend Yield ⓘ
14.91%
Beta ⓘ
0.17
Valoare Intrinsecă (Graham) vs. Preț Curent ⓘ
Preț Curent 0.61 RON
Valoare Graham 1.05 RON
Discount 73.4%

financial report

Annual Data
Metric TTM TTM 2025 2024 2023
Fiscal Year 2,026 2,026 2,025 2,024 2,023
Fiscal Quarter Q2 Q1 Q4 Q4 Q4
Marketcap 1,757,417,559 1,798,699,179 1,580,496,328 1,008,247,123 2,683,908,719
Enterprise Value -772,235,102 -542,382,611 -473,977,683 -1,135,192,838 -1,027,206,502
Last Close Ratios 59.60% 61.00% 53.60% 27.43% 40.26%
Pe 2.79 4.16 3.51 4.01 -
Forward PE - - 12.56 12.56 12.56
PS Ratio 2.62 3.76 3.25 3.49 -5.47
PB Ratio 0.66 0.77 0.67 0.47 1.15
P/TBV Ratio 0.66 0.77 0.67 0.47 1.15
P/OCF Ratio 197.58 26.00 12.77 2.10 0.27
Evrevenue - - - - -
EV/EBIT Ratio - - - - -
Net Debt / Equity Ratio -0.95 -1.00 -1.00 -1.00 -0.84
Asset Turnover 26.10% 19.20% 19.20% 10.70% -
Quick Ratio 50.31 10.93 9.16 7.49 3.23
Current Ratio 51.17 11.90 10.13 8.47 4.83
Roe 26.43% 19.70% 19.97% 11.17% -10.69%
Return on Assets (ROA) 15.42% 11.12% 11.16% 5.86% -5.06%
Return on Invested Capital (ROIC) 947.43% - - 139.53% -436.93%
Return on Capital Employed (ROCE) 0.24 0.19 0.19 0.12 -0.30
Earningsyield 36.07% 24.54% 28.47% 24.95% -33.69%
Dividend Yield 8.91% 8.70% 761.19% 1,491.06% -
Buyback Yield / Dilution 8.39% 10.11% 10.82% 34.96% 10.92%
Totalreturn 17.30% 18.91% 772.02% 1,526.02% 10.92%

Balance Sheet

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Cash & Equivalents 165,637,340 273,974,523 191,429,087 912,674,462 347,464,236
Short-Term Investments - - - - 77,106,529
Totalcash 2,054,474,011 2,167,709,984 1,975,825,401 14,609,271,858 13,002,249,371
Cash Growth -4.15% 9.71% -86.48% 12.36% 26.39%
Accounts Receivable - - - - -
Other Receivables - - - - -
Receivables - - - - -
Prepaid Expenses - - - - -
Restricted Cash 280,195,971 285,228,126 547,496,881 73,775,078 68,148,338
Other Current Assets - - 432,616,168 - 1,135,225,000
Assetsc 2,334,669,982 2,452,938,110 2,955,938,450 14,683,046,936 14,205,622,709
Long-Term Investments - - - - -
Other Intangible Assets - - - - -
Other Long-Term Assets 148,873 375,625 27,704 569,827 298,725
Assets 2,334,818,855 2,453,313,735 2,955,966,154 14,683,616,763 14,205,921,434
Accrued Expenses 6,158,481 4,129,269 21,485,298 16,102,922 23,727,161
Current Income Taxes Payable 2,895,277 - - - 13,433,093
Other Current Liabilities 302,651,033 285,437,137 590,607,295 76,100,784 408,217,038
Total Current Liabilities 311,704,791 289,566,406 612,092,593 92,203,706 445,377,292
Other Long-Term Liabilities 1,149,740 1,630,609 1,694,268 21,869,515 2,996,235
Total Liabilities 312,854,531 291,197,015 613,786,861 114,073,221 448,373,527
Common Stock 1,664,407,948 1,849,342,164 2,947,779,187 3,233,269,111 3,145,160,001
Additional Paid-In Capital - - - - -
Retained Earnings 478,687,987 1,310,818,796 1,267,593,386 12,530,609,419 10,754,855,489
Comprehensive Income & Other - -774,756,258 - - 189,182,422
Equity 2,021,964,324 2,162,116,720 2,342,179,293 14,569,543,542 13,757,547,907
Total Liabilities & Equity 2,334,818,855 2,453,313,735 2,955,966,154 14,683,616,763 14,205,921,434
Filing Date Shares Outstanding 2,948,687,179 3,200,784,516 3,556,427,239 6,023,453,459 6,217,825,213
Total Common Shares Outstanding 2,948,687,179 3,200,784,516 3,556,427,239 6,023,453,459 6,217,825,213
Book Value Per Share 0.69 0.68 0.66 2.42 2.21
Tangible Book Value 2,021,964,324 2,162,116,720 2,342,179,293 14,569,543,542 13,757,547,907
Tangible Book Value Per Share 0.69 0.68 0.66 2.42 2.21
Net Cash (Debt) 2,054,474,011 2,167,709,984 1,975,825,401 14,609,271,858 13,002,249,371
Net Cash Growth -4.15% 9.71% -86.48% 12.36% 26.39%
Netcashpershare 0.66 0.63 0.37 2.46 2.19
Working Capital 2,022,965,191 2,163,371,704 2,343,845,857 14,590,843,230 13,760,245,417
Treasury Stock -121,131,611 -223,287,982 -1,873,193,280 -1,194,334,988 -331,650,005
Trading Asset Securities 1,888,836,671 1,893,735,461 1,784,396,314 13,696,597,396 12,577,678,606
Long-Term Deferred Tax Assets - - - - -

Cash Flow Statement

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Net Income 181,652,217 251,532,566 -904,097,086 2,769,448,871 5,012,644,707
Other Operating Activities -69,003,789 229,527,605 10,718,773,301 21,497,559 -4,186,400,874
Ncfo 112,648,428 481,060,171 9,814,676,215 2,790,946,430 826,243,833
Ocf Growth -73.29% -95.10% 251.66% 237.79% -52.84%
Short-Term Debt Issued - - - - -
Total Debt Issued - - - - -
Short-Term Debt Repaid - - - - -
Total Debt Repaid - - - - -
Repurchase of Common Stock -118,057,207 -216,380,495 -1,829,544,967 -1,146,552,498 -327,027,418
Common Dividends Paid - - - - -
Other Financing Activities -123,712,538 -181,396,521 -8,687,194,584 -1,146,207,505 -91,250
Financing Cash Flow -242,622,191 -398,629,462 -10,535,101,830 -2,294,716,559 -1,105,060,377
Net Cash Flow -129,973,762 82,430,710 -720,425,615 496,229,871 -278,816,544
Levered Free Cash Flow 137,003,071 530,760,867 -832,466,585 2,621,332,103 2,361,230,815
Unlevered Free Cash Flow 137,003,071 530,760,867 -832,423,791 2,621,355,385 2,361,287,846
Cash Interest Paid - - - - -
Cash Income Tax Paid 420,220 - - - -
Miscellaneous Cash Flow Adjustments 1 1 - - -

Income Statement

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Revenue 218,241,317 289,279,990 -490,852,197 3,053,906,338 5,120,078,029
Revenue Growth -29.64% - - -40.35% -
Other Revenue 218,241,317 289,279,990 -490,852,197 3,053,906,338 5,120,078,029
Gp 218,241,317 289,279,990 -490,852,197 3,053,906,338 5,120,078,029
Selling, General & Admin 35,558,116 36,834,974 223,046,379 105,489,545 105,015,958
Other Operating Expenses -362,006 -998,394 -339,045 -3,472,344 -4,545,412
Operating Expenses 35,196,110 35,836,580 222,707,334 102,017,201 100,470,546
Operating Income 183,045,207 253,443,410 -713,559,531 2,951,889,137 5,019,607,483
Interest Expense - - -68,471 -37,250 -91,250
Currency Exchange Gain (Loss) -138,774 -88,642 -1,397,889 752,624 -170,427
Other Non Operating Income (Expenses) -60,123 -58,786 -243,290,788 -19,502,432 -557,599
EBT Excluding Unusual Items 182,846,310 253,295,982 -958,316,679 2,933,102,079 5,018,788,207
Gain (Loss) on Sale of Assets - - 61,200,000 -156,975,000 -
Other Unusual Items - - - - -
Pretax Income 182,846,310 253,295,982 -897,116,679 2,776,127,079 5,018,788,207
Income Tax Expense 1,194,093 1,763,416 6,980,407 6,678,208 6,143,500
Net Income 181,652,217 251,532,566 -904,097,086 2,769,448,871 5,012,644,707
Net Income to Common 181,652,217 251,532,566 -904,097,086 2,769,448,871 5,012,644,707
Net Income Growth -33.81% - - -44.75% -
Shares Basic 3,130,553,826 3,439,868,300 5,289,087,696 5,937,410,145 5,931,017,632
Shares Outstanding (Diluted) 3,130,553,826 3,439,868,300 5,289,087,696 5,937,410,145 5,931,017,632
Shares Yo Y -0.18 -0.35 -0.11 0.00 -0.09
Eps Basic 0.06 0.07 -0.17 0.47 0.85
EPS (Diluted) 0.06 0.07 -0.17 0.47 0.85
EPS Growth -18.87% - - -44.81% -
Dps 0.04 0.04 - 0.05 0.13
Dividend Growth - - - -60.00% -
Gross Margin 100.00% 100.00% - 100.00% 100.00%
Operating Margin 83.87% 87.61% - 96.66% 98.04%
Profit Margin 83.24% 86.95% - 90.69% 97.90%
Effective Tax Rate 0.01 0.01 - 0.00 0.00
EBIT 183,045,207 253,443,410 -713,559,531 2,951,889,137 5,019,607,483
EBIT Margin 83.87% 87.61% - 96.66% 98.04%
Revenue as Reported 218,760,520 290,308,719 -429,742,108 2,901,405,730 5,125,467,680
Payoutratio - - - - -

Ratios and Metrics

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Marketcap 1,545,112,082 1,008,247,123 2,683,908,719 12,323,832,307 12,399,556,541
Market Cap Growth 41.98% -62.43% -78.22% -0.61% 41.38%
Enterprise Value -509,361,929 -1,135,192,838 -1,027,206,502 -3,080,332,544 105,564,550
Last Close Ratios 52.40% 27.43% 40.26% 20.20% 17.96%
Pe 9.03 4.01 - 4.45 2.47
Forward PE - 12.56 12.56 12.56 12.56
PS Ratio 7.08 3.49 -5.47 4.04 2.42
PB Ratio 0.76 0.47 1.15 0.85 0.90
P/TBV Ratio 0.76 0.47 1.15 0.85 0.90
P/OCF Ratio 13.72 2.10 0.27 4.42 15.01
EV/Sales Ratio - - - - 0.02
EV/EBIT Ratio - - - - 0.02
Asset Turnover 9.10% 10.70% - 21.10% 41.70%
Quick Ratio 6.59 7.49 3.23 158.45 29.19
Current Ratio 7.49 8.47 4.83 159.25 31.90
Roe 8.77% 11.17% -10.69% 19.55% 41.73%
Return on Assets (ROA) 4.77% 5.86% -5.06% 12.77% 25.58%
Return on Capital (ROIC) 5.52% 7.03% -5.27% 13.03% 26.12%
Return on Capital Employed (ROCE) 0.09 0.12 -0.30 0.20 0.37
Earningsyield 11.76% 24.95% -33.69% 22.47% 40.43%
Dividend Yield 10.15% 14.91% - 24.75% 69.60%
Payout Ratio - - - - -
Buyback Yield / Dilution 18.41% 34.96% 10.92% -0.11% 8.70%
Totalreturn 28.56% 49.87% 10.92% 24.64% 78.30%

Price History

Aug 01, 2019 — Sep 30, 2026 1825 Records
Date Open High Low Close Volume
2026-09-30 0.60 0.61 0.60 0.61 1,036,358
2026-09-29 0.59 0.60 0.58 0.60 1,059,377
2026-09-28 0.60 0.60 0.58 0.59 739,185
2026-09-27 0.59 0.60 0.59 0.60 724,690
2026-09-24 0.60 0.60 0.59 0.59 729,819
2026-09-23 0.60 0.61 0.59 0.61 1,056,573
2026-09-22 0.60 0.62 0.60 0.61 3,079,342
2026-09-21 0.60 0.60 0.59 0.60 1,507,781
2026-09-20 0.57 0.60 0.57 0.60 2,946,583
2026-09-17 0.56 0.57 0.55 0.57 2,138,976
2026-09-16 0.58 0.58 0.56 0.56 1,189,406
2026-09-15 0.58 0.59 0.58 0.58 2,291,418
2026-09-14 0.58 0.59 0.58 0.58 1,022,150
2026-09-13 0.59 0.59 0.58 0.58 1,743,090
2026-09-10 0.59 0.60 0.59 0.59 428,173
2026-09-09 0.59 0.60 0.59 0.59 437,675
2026-09-08 0.59 0.60 0.59 0.59 546,534
2026-09-07 0.60 0.60 0.59 0.59 1,074,096
2026-09-06 0.60 0.60 0.59 0.60 442,303
2026-09-03 0.59 0.60 0.59 0.59 1,290,150
2026-09-02 0.60 0.60 0.59 0.59 1,770,023
2026-09-01 0.59 0.60 0.59 0.59 1,285,021
2026-08-30 0.63 0.63 0.61 0.61 1,127,008
2026-08-27 0.62 0.63 0.62 0.62 1,259,071
2026-08-25 0.63 0.63 0.62 0.63 1,185,958
2026-08-24 0.63 0.63 0.62 0.63 1,781,427
2026-08-23 0.63 0.63 0.62 0.63 1,384,064
2026-08-20 0.62 0.63 0.62 0.63 1,055,229
2026-08-19 0.61 0.62 0.61 0.62 4,487,249
2026-08-18 0.63 0.63 0.62 0.62 7,164,334
2026-08-17 0.63 0.63 0.62 0.63 3,358,044
2026-08-16 0.63 0.63 0.62 0.62 2,073,620
2026-08-13 0.62 0.63 0.62 0.63 1,500,919
2026-08-12 0.62 0.63 0.62 0.62 2,677,087
2026-08-11 0.62 0.63 0.62 0.62 1,354,145
2026-08-10 0.62 0.63 0.62 0.62 1,434,988
2026-08-09 0.62 0.63 0.62 0.62 840,540
2026-08-06 0.63 0.63 0.62 0.62 1,480,494
2026-08-05 0.63 0.63 0.62 0.63 1,956,036
2026-08-04 0.63 0.64 0.63 0.63 2,556,878
2026-08-03 0.64 0.64 0.62 0.63 6,095,515
2026-08-02 0.60 0.60 0.60 0.60 765,310
2026-07-30 0.60 0.60 0.59 0.60 1,299,461
2026-07-29 0.61 0.61 0.60 0.60 895,550
2026-07-28 0.61 0.61 0.60 0.61 2,705,274
2026-07-27 0.59 0.62 0.59 0.60 1,632,352
2026-07-26 0.59 0.60 0.58 0.59 1,899,938
2026-07-23 0.62 0.62 0.58 0.59 9,270,986
2026-07-22 0.62 0.62 0.61 0.62 2,318,065
2026-07-21 0.62 0.64 0.62 0.62 4,652,906