Croatian Potentially Undervalued Companies

KONCAR - Elektroindustrija d.d

Market Cap: €1.9b

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

Luka Ploce d.d

Market Cap: €67.8m

Provides port, warehousing, and wholesale and retail services in the Republic of Croatia.

CIAK Grupa d.d

Market Cap: €134.2m

CIAK Grupa d.d., together with its subsidiaries, wholesale and retail of automotive parts.

GARDEN COLLECTIVE d.d

Market Cap: €9.3m

Engages in the production, wholesale, and retail of craft beer in Croatia.

Cakovecki mlinovi d.d

Market Cap: €182.6m

Produces and trades food products in Croatia.

Medika d.d

Market Cap: €133.2m

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

Jadroplov d.d

Market Cap: €10.2m

Engages in the international maritime transportation of goods with its own tramp ships.

Plava laguna d.d

Market Cap: €720.1m

Engages in the hospitality and tourism businesses in Croatia.

Slatinska Banka d.d

Market Cap: €19.8m

Provides banking products and services in Croatia.

Istarska kreditna banka Umag d.d

Market Cap: €74.0m

Provides various banking products and services to individuals, corporates, and small business customers in Croatia.

AD Plastik d.d

Market Cap: €102.0m

Develops, produces, and sells interior and exterior automotive components in Slovenia, Romania, Russia, France, Hungary, Italy, the United Kingdom, Germany, Spain, Serbia, Czech Republic, Vietnam, Slovakia, Croatia, Poland, the United States, and internationally.

Auto Hrvatska d.d

Market Cap: €119.3m

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.

Atlantic Grupa d.d

Market Cap: €716.0m

Engages in the research, development, production, and distribution of fast moving consumer goods in Southeast Europe, the European markets, Russia, and the Commonwealth of Independent States.

Podravska banka d.d

Market Cap: €53.9m

Provides various banking and financial services for citizens, craftsmen, and small and medium-sized businesses in Croatia.

Ilirija d.d

Market Cap: €59.3m

Operates as a tourism company in Croatia and internationally.

Hrvatska postanska banka d.d

Market Cap: €575.0m

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

Arena Hospitality Group d.d

Market Cap: €168.7m

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

Adriatic Croatia International Club za djelatnost marina d.d

Market Cap: €88.8m

Adriatic Croatia International Club, za djelatnost marina d.d.

Agram banka d.d

Market Cap: €69.0m

Provides various banking products and services in the Republic of Croatia.