{"id":19099,"date":"2020-10-30T08:38:40","date_gmt":"2020-10-30T08:38:40","guid":{"rendered":"https:\/\/bvbescu.ro\/?p=19099"},"modified":"2021-01-25T08:45:31","modified_gmt":"2021-01-25T08:45:31","slug":"analiza-fundamentala-fondul-proprietatea-t3-2020","status":"publish","type":"post","link":"https:\/\/bvbescu.ro\/premium-info\/analiza-fundamentala-fondul-proprietatea-t3-2020\/","title":{"rendered":"Analiza fundamentala Fondul Proprietatea – T3 2020"},"content":{"rendered":"

Creat initial pentru a-i despagubi pe urmasii proprietarilor interbelici, Fondul Proprietatea a devenit inca din prima zi de la listare una dintre cele mai importante societati listate la Bursa de Valori Bucuresti. FP este una societatatea care are cea mai mare pondere in indicele pietei romanesti – peste 19% -, ceea ce ii confera un rol foarte important (alaturi de Banca Transilvania si OMV Petrom) in evolutia indicelui BET.<\/p>\n

Fondul Proprietatea este un fond de investitii alternativ, care functioneaza ca o societate pe actiuni in Romania, listat la Bursa de Valori Bucuresti si la London Stock Exchange si administrat de Franklin Templeton International Services.<\/p>\n

Fondul Proprietatea a fost creat in anul 2005 de catre Statul Roman pentru a asigura compensarea perosanelor carora le-au fost confiscate proprietatile in mod abuziv de catre Statul Roman in perioada regimului comunist si care nu au mai putut fi returnate in natura. Initial, Statul Roman a fost singurul actionar al Fondului. De la lansarea Fondului, actiunile lui au fost acordate treptat de catre Autoritatea Nationala pentru Restituirea Proprietatilor titularilor drepturilor de despagubire care au optat pentru conversia despagubirii in actiuni emise de Fond.<\/p>\n

Portofoliul este concentrat puternic in sectoarele electricitate, petrol si gaze (aproximativ 77% din VAN), prin mai multe companii romanesti listate si nelistate cu un accent important pe sectorul energetic local.<\/p>\n

Analiza fundamentala Fondul Proprietatea – T3 2020<\/h1>\n

[pms-restrict]<\/p>\n

Tabelul de mai jos contine principalii indicatori financiari raportati de companie QoQ si referintele la care se raporteaza. Aceste date nu reprezinta recomand\u0103ri de cump\u0103rare, v\u00e2nzare sau p\u0103strare a unui anumit instrument financiar. Utilizati datele de mai jos tinand cont de propria voastra strategie investitionala. Tranzactionarea pe Piata de capital presupune un grad crescut de risc. Va recomand sa investiti numai in cunostinta de cauza si dupa o documentare prealabila.<\/p>\n\n<\/colgroup>\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Indicatori<\/b><\/td>\n9M 2019<\/b><\/td>\n9M2020<\/b><\/td>\nReferinta<\/b><\/td>\n<\/tr>\n
<\/td>\nmil lei<\/td>\nmil lei<\/td>\n<\/td>\n<\/tr>\n
Active<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Numerar<\/td>\n0.08<\/td>\n0.27<\/td>\n237.50%<\/td>\n<\/tr>\n
Depozite la banci<\/td>\n31.8<\/td>\n35.71<\/td>\n12.30%<\/td>\n<\/tr>\n
Obligatiuni guvernamentale<\/td>\n338.38<\/td>\n955.81<\/td>\n182.47%<\/td>\n<\/tr>\n
Dividende de incasat<\/td>\n137.3<\/td>\n168.58<\/td>\n22.78%<\/td>\n<\/tr>\n
Participatii<\/td>\n11413.08<\/td>\n8.892.01<\/td>\n<\/td>\n<\/tr>\n
Active Totale<\/b><\/td>\n11920.98<\/td>\n10063.45<\/td>\n-15.58%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Capitaluri prorpii si datorii<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Datorii fata de actionari<\/td>\n31.99<\/td>\n39.51<\/td>\n23.51%<\/td>\n<\/tr>\n
Alte datorii si provizioane<\/td>\n17.54<\/td>\n114.74<\/td>\n554.16%<\/td>\n<\/tr>\n
Datorii Totale<\/b><\/td>\n49.53<\/td>\n154.25<\/td>\n211.43%<\/td>\n<\/tr>\n
Capital social<\/td>\n4733.02<\/td>\n3749.28<\/td>\n-20.78%<\/td>\n<\/tr>\n
Capital propriu<\/td>\n10735.6<\/td>\n9909.2<\/td>\n-7.70%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contul de profit si pierdere<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Castiguri nete aferente participatiilor la valoarea justa<\/td>\n1267.87<\/td>\n-1885.71<\/td>\n-248.73%<\/td>\n<\/tr>\n
Veniruti brute din dividende<\/td>\n723.38<\/td>\n1218.66<\/td>\n<\/td>\n<\/tr>\n
Venituri din dobanzi<\/td>\n7.97<\/td>\n8.66<\/td>\n<\/td>\n<\/tr>\n
Cheltuieli cu dobanda<\/td>\n0.42<\/td>\n0.05<\/td>\n-88.10%<\/td>\n<\/tr>\n
Cheltuieli totale<\/td>\n56.42<\/td>\n61.19<\/td>\n8.45%<\/td>\n<\/tr>\n
Rezultat din exploatare<\/td>\n–<\/td>\n–<\/td>\n#VALUE!<\/td>\n<\/tr>\n
Rezultat brut<\/td>\n1946.02<\/td>\n-726.44<\/td>\n-137.33%<\/td>\n<\/tr>\n
Rezultat net<\/b><\/td>\n1946.02<\/td>\n-726.44<\/td>\n-137.33%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Indicatori de lichiditate<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Lichiditate curenta<\/td>\n6.20<\/td>\n7.59<\/td>\n>2<\/td>\n<\/tr>\n
Lichiditate imediata<\/td>\n-9.58<\/td>\n-23.29<\/td>\n>1<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Indicatori de risc<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Gradul de indatorare<\/td>\n0.00%<\/td>\n0.00%<\/td>\n<30%<\/td>\n<\/tr>\n
Indicatorul privind acoperirea dobanzilor<\/td>\n–<\/td>\n–<\/td>\n>1<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Indicatori de activitate<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Viteza de rotatie a stocurilor<\/td>\n–<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
Numarul de zile de stocare<\/td>\n–<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
Viteza de rotatie a debitelor<\/td>\n–<\/td>\n–<\/td>\n<25%<\/td>\n<\/tr>\n
Viteza de rotatie a creditelor furnizori<\/td>\n–<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
Viteza de rotatie a activelor imobilizate<\/td>\n0.19<\/td>\n0.07<\/td>\n<\/td>\n<\/tr>\n
Viteza de rotatie a activelor totale<\/td>\n–<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Indicatori de profitabilitate<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Rentabilitatea capitalului angajat<\/td>\n–<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
Marja bruta din vazari<\/td>\n1.53<\/td>\n0.39<\/td>\n<\/td>\n<\/tr>\n
Marja neta din vazari<\/td>\n1.53<\/td>\n0.39<\/td>\n<\/td>\n<\/tr>\n
Rentabilitate financiara<\/td>\n0.18<\/td>\n-0.07<\/td>\n<\/td>\n<\/tr>\n
EBIT<\/td>\n–<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
EBITDA<\/td>\n2395<\/td>\n1928<\/td>\n-19.50%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Indicatori de solvabilitate<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Solvabilitate generala<\/td>\n240.68<\/td>\n65.24<\/td>\n>1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/pms-restrict]<\/p>\n","protected":false},"excerpt":{"rendered":"

Creat initial pentru a-i despagubi pe urmasii proprietarilor interbelici, Fondul Proprietatea a devenit inca din prima zi de la listare una dintre cele mai importante societati listate la Bursa de… <\/p>\n","protected":false},"author":1,"featured_media":17456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[353,440,438,292],"tags":[5,32,88,89,57,13,293],"_links":{"self":[{"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/posts\/19099"}],"collection":[{"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/comments?post=19099"}],"version-history":[{"count":1,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/posts\/19099\/revisions"}],"predecessor-version":[{"id":19102,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/posts\/19099\/revisions\/19102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/media\/17456"}],"wp:attachment":[{"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/media?parent=19099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/categories?post=19099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/tags?post=19099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}