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: 9.3 vs Fair: 15).
Significantly Undervalued (Trading 55% below Graham Number).
Bullish Trend (SMA50 > SMA200).
Overbought (RSI: 97.5).
Stochastic indicates overbought conditions.

Technical Analysis

Trend Bullish (Long Term)
Last Cross
Golden Cross (1 year ago)
RSI (14) 97.5
SMA 50 0.57
SMA 200 0.45

Price Valuation

Current Price 0.68
Fair Value (PE 15) 1.10
Undervalued 61%
Graham Number 1.05
Upside 55%

Forecast

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

📊 Market & Peer Context

Benchmark: BET
Volatility (Beta)
0.21
Less Volatile than Market
Correlation
0.11
Moves with Market
Relative Strength (1Y)
36.29%
vs Benchmark
Index Returns (1Y)
69.4%
BET

Historical Performance

Metric 5Y 3Y 1Y YTD 6M 3M 1M 1W
FP -59.9% -67.7% 86.3% 26.9% 50.4% 2.9% 0.0% 0.0%
BET - 132.5% 69.4% 18.5% 33.0% 6.9% 2.4% 1.8%
Alpha (Diff) - -200.2% +16.9% +8.3% +17.4% -4.0% -2.4% -1.8%

Financial Reports

Price Chart

Sector: Other

Based on Market Cap
LEADER
SCD
Zentiva S.A.
3,151M
ONE
One United Properties SA
2,964M
EVER
Evergent Investments SA
2,701M
CRC
Chimcomplex S.A.
2,531M
LION
Lion Capital S.A.
2,412M
FP
Fondul Proprietatea SA
2,339M
AQ
Aquila Part Prod Com S.A.
2,062M
INFINITY
Infinity Capital Investments S.A.
1,981M
SFG
Sphera Franchise Group S.A.
1,539M
ARS
Aerostar S.A.
1,462M
SOCP
SOCEP S.A.
1,187M
GREEN
Green Tech International S.A.
1,111M
ALR
Alro S.A.
1,071M
WINE
Purcari Wineries Public Company Limited
789M
AROBS
AROBS Transilvania Software S.A.
706M
COTE
Conpet S.A.
677M
CMVX
Comvex S.A.
662M
TTS
TTS (Transport Trade Services) S.A.
589M
IMP
Impact Developer & Contractor S.A.
567M
DN
Dn Agrar Group S.A.
463M
SMTL
Simtel Team S.A.
459M
BVB
Bursa de Valori Bucuresti SA
371M
OIL
Oil Terminal S.A.
342M
SIDG
S.C. ArcelorMittal Hunedoara S.A.
342M
IARV
IAR S.A.
319M
GSH
GRUP SERBAN HOLDING SA
312M
SCDM
S.C. Unirea Shopping Center S.A.
258M
RCHI
Societatea Comerciala Compania Hoteliera Intercontinental Romania S.A.
238M
FOSB
SC Foraj Sonde SA Craiova
237M
PPLI
Professional Imo Partners S.A.
232M

ETAPA 1 • MUST HAVE

6/8
Healthy Leverage (Debt/Equity)
0.00
Target: < 1.5
Gross Margin vs Industry
0.0% vs 0.0%
Target: > 0.0%
Operating Cash Flow vs Profit
0%
Target: > 1.0
Free Cash Flow vs Profit
0%
Target: > 0.8
ROIC (Return on Capital)
7.03%
Target: Positive
ROIC vs WACC
ROIC: 7.0% / WACC: 5.3%
Target: > WACC
ROE (Return on Equity)
11.2%
Target: > 10%
EBITDA Positive
253.44M
Target: > 0

ETAPA 2 • CRITERII

4/9
Interest Coverage
Target: > 3x • 0.0x
Miss
Net Margin vs Industry
Target: > 0.0% • 87.0%
Passed
ROA vs Industry
Target: > 3.6% • 5.9%
Passed
Current Ratio
Target: > 1.5 • 8.47
Passed
Assets Growth (5y)
Target: > 0% • -30.2% CAGR
Miss
FCF CAGR (5y)
Target: > 5% • 0.0%
Miss
EV/EBITDA vs Industry
Target: < Industry • 0.0 vs 0.0
Miss
Net Debt / EBITDA
Target: < 3 • 0.00
Passed
Revenue CAGR (5y)
Target: > 5% • 0.0%
Miss

SNAPSHOT COMPANIE

Capitalizare
2.34B RON
EBITDA
253.44M
P/E Ratio
9.30
PEG Ratio
0.00
Dividend Yield
14.91%
Beta
0.21
Valoare Intrinsecă (Graham)
1.05 RON
Discount
+55.0%

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

Oct 16, 2018 — Jan 26, 2026 1825 Records
Date Open High Low Close Volume
2026-01-26 0.68 0.68 0.68 0.68 3,806,432
2026-01-25 0.68 0.68 0.68 0.68 4,191,377
2026-01-24 0.68 0.68 0.68 0.68 5,774,308
2026-01-22 0.68 0.68 0.68 0.68 5,774,308
2026-01-21 0.68 0.68 0.67 0.68 4,153,221
2026-01-20 0.67 0.68 0.67 0.67 7,927,444
2026-01-19 0.67 0.68 0.67 0.67 7,724,415
2026-01-18 0.67 0.68 0.66 0.67 14,372,138
2026-01-15 0.66 0.67 0.65 0.66 20,439,582
2026-01-14 0.60 0.61 0.59 0.61 17,453,569
2026-01-13 0.58 0.60 0.58 0.60 6,432,011
2026-01-12 0.58 0.60 0.58 0.59 12,787,540
2026-01-11 0.58 0.60 0.58 0.59 12,787,547
2026-01-09 0.55 0.57 0.55 0.57 6,172,753
2026-01-08 0.55 0.57 0.55 0.57 6,172,753
2026-01-07 0.54 0.55 0.54 0.55 7,920,567
2026-01-06 0.54 0.54 0.54 0.54 3,930,586
2026-01-05 0.54 0.54 0.54 0.54 3,930,586
2026-01-04 0.54 0.54 0.54 0.54 3,930,586
2026-01-01 0.54 0.54 0.54 0.54 5,697,705
2025-12-31 0.54 0.54 0.54 0.54 5,697,705
2025-12-30 0.54 0.54 0.54 0.54 5,697,705
2025-12-29 0.54 0.54 0.54 0.54 5,697,705
2025-12-28 0.55 0.55 0.54 0.54 3,447,961
2025-12-25 0.54 0.55 0.54 0.55 2,516,410
2025-12-24 0.54 0.55 0.54 0.55 2,516,410
2025-12-23 0.54 0.55 0.54 0.55 2,516,410
2025-12-22 0.54 0.55 0.54 0.55 2,516,410
2025-12-21 0.56 0.56 0.54 0.54 11,242,502
2025-12-19 0.57 0.57 0.56 0.56 5,811,224
2025-12-18 0.57 0.57 0.56 0.56 5,811,224
2025-12-17 0.59 0.59 0.56 0.57 5,660,936
2025-12-16 0.59 0.60 0.58 0.59 6,787,852
2025-12-15 0.58 0.60 0.58 0.59 7,642,275
2025-12-14 0.56 0.58 0.56 0.58 7,482,945
2025-12-12 0.55 0.57 0.54 0.56 11,659,360
2025-12-11 0.55 0.57 0.54 0.56 11,659,366
2025-12-10 0.54 0.55 0.54 0.55 7,427,102
2025-12-09 0.55 0.55 0.54 0.54 7,875,316
2025-12-08 0.53 0.54 0.53 0.54 8,132,156
2025-12-07 0.53 0.53 0.52 0.53 18,098,061
2025-12-05 0.51 0.53 0.51 0.52 13,312,590
2025-12-04 0.51 0.53 0.51 0.52 13,312,595
2025-12-03 0.50 0.51 0.50 0.51 17,884,698
2025-12-02 0.49 0.50 0.49 0.50 30,458,953
2025-12-01 0.49 0.49 0.49 0.49 2,684,982
2025-11-30 0.49 0.49 0.48 0.49 3,160,099
2025-11-28 0.49 0.49 0.48 0.49 3,160,099
2025-11-27 0.49 0.49 0.48 0.49 3,160,099
2025-11-26 0.49 0.49 0.49 0.49 994,861