Croatian Undiscovered Gems With Strong Fundamentals

Jadranski naftovod d.d

Market Cap: €826.3m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Liburnia Riviera Hoteli d.d

Market Cap: €151.3m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Maistra d.d

Market Cap: €662.1m

Engages in the hotel business in Croatia.

Podravka d.d

Market Cap: €1.1b

Produces and sells various food products in Croatia, Slovenia, Europe, and internationally.

Dalekovod d.d

Market Cap: €412.5m

Engages in the design, engineering, production, construction, and installation of electric power facilities, facilities for road, railroad and mass transit, and telecommunication infrastructure in Croatia, Sweden, Norway, Slovenia, Germany, Ukraine, the United Kingdom, Northern Macedonia, Bosnia and Herzegovina, and internationally.

ING-GRAD d.d

Market Cap: €224.6m

Engages in construction business in Croatia.

Cakovecki mlinovi d.d

Market Cap: €177.8m

Produces and trades food products in Croatia.

Plava laguna d.d

Market Cap: €750.8m

Engages in the hospitality and tourism businesses in Croatia.

Adris grupa d. d

Market Cap: €1.7b

Engages in the tourism, healthy food, insurance, real estate, and energy businesses in Croatia and internationally.

Medika d.d

Market Cap: €141.9m

Engages in the wholesale and retail distribution of pharmaceutical products in the Republic of Croatia.

Ericsson Nikola Tesla d.d

Market Cap: €251.9m

Provides communication products, and ICT solutions and related services in the Republic of Croatia, Bosnia and Herzegovina, and Central and Eastern Europe.

Arena Hospitality Group d.d

Market Cap: €176.0m

Owns, co-owns, leases, operates, and develops full-service upscale, upper upscale and lifestyle hotels, self-catering holiday apartment complexes, and campsites.

Span d.d

Market Cap: €134.1m

Provides information technology (IT) solutions to companies in Croatia, Slovenia, the United States, the United Kingdom, Ukraine, and internationally.