{"id":21887,"date":"2021-08-01T10:45:01","date_gmt":"2021-08-01T10:45:01","guid":{"rendered":"https:\/\/bvbescu.ro\/?p=21887"},"modified":"2021-09-14T10:46:08","modified_gmt":"2021-09-14T10:46:08","slug":"analiza-fundamentala-sif-oltenia-sif5-t2-2021","status":"publish","type":"post","link":"https:\/\/bvbescu.ro\/premium-info\/analiza-fundamentala-sif-oltenia-sif5-t2-2021\/","title":{"rendered":"Analiza fundamentala SIF Oltenia (SIF5) – T2 2021"},"content":{"rendered":"

SIF Oltenia este una dintre cele 6 societati de investitii financiare incluse in indicele BET-FI, la Bursa de Valori Bucuresti. SIF-urile au aparut odata cu al doilea program de privatizare in masa din timpul guvernarii Vacaroiu, cand populatia si-a depus cupoanele primite gratuit de la Stat. 9 milioane de romani au devenit astfel actionari la SIF-uri, multi dintre ei detinand si astazi actiuni, despre care nu mai au cunostiinta, fapt care a micsorat considerabil free-float-ul acestor societati de investitii.<\/p>\n

SIF-urile s-au numarat printre societatile foarte interesante pentru investitori in prima decada a anilor 2000, mai ales in randul nerezidentilor, care puteau astfel lua expunere pe foarte multe societati carea apartineau Statului Roman. SIF-urile nu au fost scutite de controverse: de la limitarea pragurilor de detinere, initial la 0,1% din societate, apoi la 1% si 5%, la managementul autoritar exercitat de Directori care au stat si 25 de ani in functie si bonusuri de performata consistente pentru management, fara ca actionarii sa primeasca si ei ceva. Toate acestea au subminat increderea investitorilor de retail, multi dintre acestia pierzand interesul pentru societatile care, candva, era vedetele Bursei de Valori Bucuresti.<\/p>\n

Analiza fundamentala SIF Oltenia (SIF5) – T2 2021<\/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>\nT1 2020<\/b><\/td>\nT1 2021<\/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>\n40.28<\/td>\n13.02<\/td>\n-67.68%<\/td>\n<\/tr>\n
Depozite la banci<\/td>\n19.87<\/td>\n27.24<\/td>\n37.09%<\/td>\n<\/tr>\n
Active financiare evaluate la valoarea justa<\/td>\n1904.55<\/td>\n2299.23<\/td>\n20.72%<\/td>\n<\/tr>\n
Dividende de incasat<\/td>\n0<\/td>\n0<\/td>\n<\/td>\n<\/tr>\n
Participatii<\/td>\n0<\/td>\n0<\/td>\n<\/td>\n<\/tr>\n
Active Totale<\/b><\/td>\n2001.94<\/td>\n2358.48<\/td>\n17.81%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Capitaluri proprii si datorii<\/b><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Datorii privind impozitul amanat<\/td>\n95.08<\/td>\n158.8<\/td>\n67.02%<\/td>\n<\/tr>\n
Datorii financiare<\/td>\n98.06<\/td>\n85.55<\/td>\n-12.76%<\/td>\n<\/tr>\n
Dividende de plata<\/td>\n0.79<\/td>\n0.3<\/td>\n-62.03%<\/td>\n<\/tr>\n
Datorii Totale<\/b><\/td>\n229.2<\/td>\n259.41<\/td>\n13.18%<\/td>\n<\/tr>\n
Capital social<\/td>\n58.02<\/td>\n50<\/td>\n-13.82%<\/td>\n<\/tr>\n
Capital propriu<\/td>\n1772.74<\/td>\n2099.07<\/td>\n18.41%<\/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
Veniruti brute din dividende<\/td>\n34.49<\/td>\n33.55<\/td>\n-2.73%<\/td>\n<\/tr>\n
Venituri din dobanzi<\/td>\n0.18<\/td>\n0.11<\/td>\n-38.89%<\/td>\n<\/tr>\n
Cheltuieli financiare<\/td>\n1.19<\/td>\n1.31<\/td>\n-9.16%<\/td>\n<\/tr>\n
Cheltuieli totale<\/td>\n5.85<\/td>\n10.47<\/td>\n78.97%<\/td>\n<\/tr>\n
Rezultat din exploatare<\/td>\n35.76<\/td>\n34.72<\/td>\n-2.91%<\/td>\n<\/tr>\n
Rezultat brut<\/td>\n28.47<\/td>\n28.87<\/td>\n1.40%<\/td>\n<\/tr>\n
Rezultat net<\/b><\/td>\n27.09<\/td>\n27.49<\/td>\n1.48%<\/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>\n–<\/td>\n–<\/td>\n>2<\/td>\n<\/tr>\n
Lichiditate imediata<\/td>\n–<\/td>\n–<\/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>\n–<\/td>\n–<\/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>\n–<\/td>\n–<\/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
Indicaori 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>\n–<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
Marja neta din vazari<\/td>\n–<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
Rentabilitate financiara<\/td>\n–<\/td>\n–<\/td>\n<\/td>\n<\/tr>\n
EBIT<\/td>\n35.76<\/td>\n34.72<\/td>\n-2.91%<\/td>\n<\/tr>\n
EBITDA<\/td>\n–<\/td>\n–<\/td>\n<\/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>\n–<\/td>\n–<\/td>\n>1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

SIF Oltenia este una dintre cele 6 societati de investitii financiare incluse in indicele BET-FI, la Bursa de Valori Bucuresti. SIF-urile au aparut odata cu al doilea program de privatizare… <\/p>\n","protected":false},"author":1,"featured_media":17879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[353,389,292,388],"tags":[5,32,88,13,293,306,307],"_links":{"self":[{"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/posts\/21887"}],"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=21887"}],"version-history":[{"count":1,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/posts\/21887\/revisions"}],"predecessor-version":[{"id":21888,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/posts\/21887\/revisions\/21888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/media\/17879"}],"wp:attachment":[{"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/media?parent=21887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/categories?post=21887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bvbescu.ro\/premium-info\/wp-json\/wp\/v2\/tags?post=21887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}