Stara Planina Holding AD (XBUL:SPH) Days Payable: 57.31 (As of Mar. 2026) — 19% Above Median

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XBUL:SPH Stara Planina Holding AD XBUL:SPH
69 GF Score
Price €4.64
GF Value €10.19
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Stara Planina Holding AD Days Payable?

Stara Planina Holding AD XBUL:SPH 69 Days Payable is 57.31 as of Mar. 2026, which is 19% above its 10-year median of 48.32. GuruFocus rates XBUL:SPH with a GF Score™ of 69/100 and a GF Value™ of €10.19 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,991 Industrial Products companies, Stara Planina Holding AD ranks worse than 59.28% on this metric.

Stara Planina Holding AD's average Accounts Payable for the three months ended in Mar. 2026 was €10.8 Mil. Stara Planina Holding AD's Cost of Goods Sold for the three months ended in Mar. 2026 was €17.2 Mil. Hence, Stara Planina Holding AD's Days Payable for the three months ended in Mar. 2026 was 57.31.

The historical rank and industry rank for Stara Planina Holding AD's Days Payable or its related term are showing as below:

XBUL:SPH' s Days Payable Range Over the Past 10 Years
Min: 43.47   Med: 48.32   Max: 62.78
Current: 62.78

During the past 13 years, Stara Planina Holding AD's highest Days Payable was 62.78. The lowest was 43.47. And the median was 48.32.

XBUL:SPH's Days Payable is ranked worse than
59.28% of 2991 companies
in the Industrial Products industry
Industry Median: 77.97 vs XBUL:SPH: 62.78

Stara Planina Holding AD's Days Payable increased from Mar. 2025 (55.81) to Mar. 2026 (57.31). It may suggest that Stara Planina Holding AD delayed paying its suppliers.


Stara Planina Holding AD Days Payable Historical Data

* Premium members only.

The historical data trend for Stara Planina Holding AD's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Stara Planina Holding AD Days Payable Chart

Stara Planina Holding AD Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.16 46.86 43.47 51.60 53.45

Stara Planina Holding AD Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.81 61.09 72.07 61.69 57.31

XBUL:SPH vs GEV, ETN, PH: Days Payable Comparison

For the Specialty Industrial Machinery subindustry, Stara Planina Holding AD's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Stara Planina Holding AD Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Stara Planina Holding AD's Days Payable distribution charts can be found below:

* The bar in red indicates where Stara Planina Holding AD's Days Payable falls into.


XBUL:SPH
69GF Score
Stara Planina Holding AD XBUL:SPH
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Stara Planina Holding AD Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Stara Planina Holding AD's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (9.36 + 10.315) / 2 ) / 67.173*365
=9.8375 / 67.173*365
=53.45

Stara Planina Holding AD's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (10.315 + 11.323) / 2 ) / 17.226*365 / 4
=10.819 / 17.226*365 / 4
=57.31

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 57.31 mean?
Stara Planina Holding AD (XBUL:SPH) has a Days Payable of 57.31 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Stara Planina Holding AD and its competitors. This is 19% above median its historical median of 48.32. Over the past decade, Stara Planina Holding AD's Days Payable has ranged from 43.47 to 62.78. According to the industry distribution chart, Stara Planina Holding AD ranks #1773 out of 2991 companies in the Industrial Products industry, placing it in the top 59.3%.
Is Stara Planina Holding AD's Days Payable too high?
Stara Planina Holding AD's current Days Payable of 57.31 is 19% above median its 10-year median of 48.32. Over the past 10 years, this metric has ranged from a low of 43.47 to a high of 62.78. The Industrial Products industry median Days Payable is 77.97. Stara Planina Holding AD's value of 57.31 is 26.5% below this industry median. Based on the distribution chart, Stara Planina Holding AD ranks #1773 out of 2991 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Stara Planina Holding AD has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Stara Planina Holding AD's Days Payable compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Stara Planina Holding AD ranks #1773 out of 2991 companies for Days Payable. This places Stara Planina Holding AD in the lower half of its industry. The industry median Days Payable is 77.97. Stara Planina Holding AD's value of 57.31 is 26.5% below this benchmark. Historically, Stara Planina Holding AD's own Days Payable has ranged from 43.47 to 62.78 over the past decade. While the company's 10-year median is 48.32 vs. the industry median of 77.97, Stara Planina Holding AD has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.97, based on 2,991 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Stara Planina Holding AD's current Days Payable of 57.31 is 26.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Stara Planina Holding AD and its competitors. For the Industrial Products industry, the median Days Payable is 77.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stara Planina Holding AD's current Days Payable is 57.31, which is 19% above median its own 10-year median of 48.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stara Planina Holding AD stock overvalued right now?
Based on GuruFocus' analysis, Stara Planina Holding AD (XBUL:SPH) is currently considered Significantly Undervalued. The stock's GF Value™ is €10.19, compared to a current price of €4.64 — trading 54.5% below its estimated fair value. The current Days Payable is 57.31, which is 19% above median its 10-year median of 48.32 and 26.5% below the Industrial Products industry median of 77.97. Stara Planina Holding AD's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Stara Planina Holding AD (XBUL:SPH), the current Days Payable is 57.31 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Stara Planina Holding AD (XBUL:SPH) Overvalued in 2026?

Based on GuruFocus' analysis, Stara Planina Holding AD stock appears to be undervalued. The current stock price of €4.64 is trading 54.5% below its estimated GF Value™ of €10.19. GuruFocus considers Stara Planina Holding AD to be Significantly Undervalued.

Key valuation signals for XBUL:SPH:

  • Days Payable: 57.31 (19% above median its 10-year median of 48.32)
  • GF Value™: €10.19 vs. price of €4.64 (54.5% below fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 26.5% below the Industrial Products median (#1773 of 2991)

No single metric tells the full story. See the XBUL:SPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Stara Planina Holding AD Business Description

Address 20, Frederic Joliot-Curie Street, 9th Floor, Sofia, BGR, 1113
Stara Planina Holding AD is a holding company. The company is engaged in the acquisition, management, evaluation, and sale of shareholdings in Bulgarian and foreign companies; acquisition, management, and sale of bonds, evaluation and sale of patents, transfer of licenses for the use of patents, belonging to companies where the holding company has participation; financing companies where the holding company has participations; other commercial operations, except those prohibited by law. The investment portfolio of the holding is distributed mainly in the following industries, Machine Building; Electrical Engineering, Light Industry, and Financial.
69GF Score

Get the complete analysis for XBUL:SPH

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.64
Price
€10.19
GF Value