Croatian Potentially Undervalued Companies

Podravka d.d

Market Cap: €1.0b

Produces and sells a range of food products in Croatia, Slovenia, Europe, and internationally.

KONCAR - Elektroindustrija d.d

Market Cap: €1.2b

Provides products, services, and solutions for power generation, power transmission and distribution, rail solutions and infrastructure, and digital solutions and platforms in Croatia.

Koncar - distributivni i specijalni transformatori d.d

Market Cap: €1.1b

Together with its subsidiary, engages in the design, production, sale, and servicing of distribution, special, and medium power transformers.

ING-GRAD d.d

Market Cap: €191.3m

Engages in construction business in Croatia.

Hrvatska postanska banka d.d

Market Cap: €591.2m

Engages in the provision of various banking and financial products and services in the Republic of Croatia.

Zagrebacke Pekarne Klara d.d

Market Cap: €27.2m

Produces and sells bakery products in Croatia.

Cateks d.d

Market Cap: €6.1m

Manufactures and distributes technical fabrics and special purpose materials.

ALPHA ADRIATIC d.d

Market Cap: €7.8m

Provides maritime transportation services in Croatia.

GARDEN BREWERY d.d

Market Cap: €6.7m

Produces craft beer.

Ericsson Nikola Tesla d.d

Market Cap: €245.9m

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

Auto Hrvatska d.d

Market Cap: €125.8m

Through its subsidiaries, engages in the sale of vehicles, spare parts, parts, tires, tools, and service equipment in Croatia, Slovenia, Bosnia, and Herzegovina and North Macedonia.