The application for financial analysis X3Analyses has launched its renewed version. The project is co-financed by Operational program “Competitiveness of Bulgarian Economy” and is carried out by the consulting company Balkan Services. The renewed solution provides access to information about companies on the Bulgarian Stock Exchange at lower prices.

In addition to complete access to information about public companies in Bulgaria, the solution provides the demo version of X3International which carries out analyses of companies from Romania, Ukraine, Serbia, Macedonia, Poland and Croatia.

The new solution is web-based which makes it very easy to use and even more importantly, decreases the price for the end user as it is not necessary to buy a license for QlikView.

X3Analyses gives the possibility of making in-depth analyses of the financial state of the companies, listed on the Bulgarian Stock Exchange. It also gives the option to compare financial reports of companies from the same or different industries and to analyse their key indicators in different time periods. Some of the indicators that can be checked by the application users include: EBITDA (ttm); EBITDA (5Y avg); EBIT (ttm); Net Income (ttm); Net Income (5Y avg); P/E (ttm); P/E (5Y avg); P/B (mrq); P/B (5Y avg); P/S (ttm); P/S (5Y avg); Net Profit margin (ttm); ROA (ttm); ROA (5Y avg); ROE (ttm); ROIC (ttm), and over 50 other factors.

The application provides access to over 16 000 finance reports from all companies listed on the Bulgarian Stock Exchange since 2003 up to date. It also contains information about all completed deals since 1993.

“It is great that Balkan Services managed to improve the application now when there is renewed interest in trading at the Bulgarian Stock Exchange. Now lots of people can use this opportunity to invest their money in companies with stable financial indicators and growing business, making informed decisions with the help of an easy to use product,” said Rumen Sokolov, Manager of “Financial Markets Service”, subsidiary of Bulgarian Stock Exchange – Sofia.

X3Analyses is an application for financial analysis, developed and supported by the consulting company Balkan Services. It provides highly reliable financial analyses and analytical instruments for carrying out accurate and dependable assessment of the securities traded on the Bulgarian Stock Exchange. The main goal of X3Analyses is to help investors by turning the financial analysis into a quick and easy task. The application is operating with the assistance of “Financial Markets Service”. Some of the solution’s clients include: First Financial Brokerage House, Central Cooperative Union, Karoll Capital Management, Investbank, Raiffeisen Asset Management, UBB Asset Management, Piraeus Bank Bulgaria and others.