Bulgarian River Shipping AD (XBUL:BRP) Pretax Margin %: 16.36% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:BRP Bulgarian River Shipping AD XBUL:BRP
21 GF Score
Price €0.32
GF Value €0.46
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Bulgarian River Shipping AD Pretax Margin %?

Bulgarian River Shipping AD XBUL:BRP 21 Pretax Margin % is 16.36% as of Mar. 2026. GuruFocus rates XBUL:BRP with a GF Score™ of 21/100 and a GF Value™ of €0.46 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,001 Transportation companies, Bulgarian River Shipping AD ranks worse than 81.82% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Bulgarian River Shipping AD's Pre-Tax Income for the three months ended in Mar. 2026 was €0.37 Mil. Bulgarian River Shipping AD's Revenue for the three months ended in Mar. 2026 was €2.25 Mil. Therefore, Bulgarian River Shipping AD's pretax margin for the quarter that ended in Mar. 2026 was 16.36%.

The historical rank and industry rank for Bulgarian River Shipping AD's Pretax Margin % or its related term are showing as below:

XBUL:BRP' s Pretax Margin % Range Over the Past 10 Years
Min: -41.55   Med: -0.73   Max: 17
Current: -0.18


XBUL:BRP's Pretax Margin % is ranked worse than
81.82% of 1001 companies
in the Transportation industry
Industry Median: 6.64 vs XBUL:BRP: -0.18

Bulgarian River Shipping AD  (XBUL:BRP) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Bulgarian River Shipping AD Pretax Margin % Related Terms


Bulgarian River Shipping AD Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Bulgarian River Shipping AD's Pretax Margin % 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.

Bulgarian River Shipping AD Pretax Margin % Chart

Bulgarian River Shipping AD Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.04 17.00 -3.12 -41.55 -10.55

Bulgarian River Shipping AD Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pretax Margin % 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 -24.40 -24.72 1.27 0.54 16.36

XBUL:BRP vs KEX: Pretax Margin % Comparison

For the Marine Shipping subindustry, Bulgarian River Shipping AD's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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.


Bulgarian River Shipping AD Pretax Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Bulgarian River Shipping AD's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Bulgarian River Shipping AD's Pretax Margin % falls into.


XBUL:BRP
21GF Score
Bulgarian River Shipping AD XBUL:BRP
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bulgarian River Shipping AD Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Bulgarian River Shipping AD's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-0.872/8.263
=-10.55 %

Bulgarian River Shipping AD's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=0.368/2.249
=16.36 %

* 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 Pretax Margin % →
What does a Pretax Margin % of 16.36% mean?
Bulgarian River Shipping AD (XBUL:BRP) has a Pretax Margin % of 16.36% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Bulgarian River Shipping AD and its competitors. According to the industry distribution chart, Bulgarian River Shipping AD ranks #819 out of 1001 companies in the Transportation industry, placing it in the top 81.8%.
Is Bulgarian River Shipping AD's Pretax Margin % too high?
Bulgarian River Shipping AD's current Pretax Margin % is 16.36%. The Transportation industry median Pretax Margin % is 6.64. Bulgarian River Shipping AD's value of 16.36% is 146.4% above this industry median. Based on the distribution chart, Bulgarian River Shipping AD ranks #819 out of 1001 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Bulgarian River Shipping AD has a GF Score™ of 21/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bulgarian River Shipping AD's Pretax Margin % compare to KEX?
According to the Transportation industry distribution chart, Bulgarian River Shipping AD ranks #819 out of 1001 companies for Pretax Margin %. This places Bulgarian River Shipping AD in the lower half of its industry. The industry median Pretax Margin % is 6.64. Bulgarian River Shipping AD's value of 16.36% is 146.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Transportation company?
The median Pretax Margin % among Transportation companies is 6.64, based on 1,001 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bulgarian River Shipping AD's current Pretax Margin % of 16.36% is 146.4% above 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Bulgarian River Shipping AD and its competitors. For the Transportation industry, the median Pretax Margin % is 6.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian River Shipping AD's current Pretax Margin % is 16.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian River Shipping AD stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian River Shipping AD (XBUL:BRP) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.46, compared to a current price of €0.32 — trading 30.9% below its estimated fair value. The current Pretax Margin % is 16.36% and 146.4% above the Transportation industry median of 6.64. Bulgarian River Shipping AD's overall GF Score™ is 21/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Bulgarian River Shipping AD (XBUL:BRP), the current Pretax Margin % is 16.36% 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 Bulgarian River Shipping AD (XBUL:BRP) Overvalued in 2026?

Based on GuruFocus' analysis, Bulgarian River Shipping AD stock appears to be undervalued. The current stock price of €0.32 is trading 30.9% below its estimated GF Value™ of €0.46. GuruFocus considers Bulgarian River Shipping AD to be Significantly Undervalued.

Key valuation signals for XBUL:BRP:

  • Pretax Margin %: 16.36%
  • GF Value™: €0.46 vs. price of €0.32 (30.9% below fair value)
  • GF Score™: 21/100 with 3 warning signs
  • Industry Position: 146.4% above the Transportation median (#819 of 1001)

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


Bulgarian River Shipping AD Business Description

Address Otetz Paisii Square 2, Ruse, BGR, 7000
Bulgarian River Shipping AD operates in the transportation industry. The company provides ferry services for passengers, transport of mass and general cargos, transport non-dangerous goods and fuels, and transport of large-scale and concentrated loads.
21GF Score

Get the complete analysis for XBUL:BRP

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

€0.32
Price
€0.46
GF Value