Croatian Potentially Undervalued Companies

KONCAR - Elektroindustrija d.d

Market Cap: €1.8b

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

TOKIC d.d

Market Cap: €74.5m

Tokic d.o.o. engages in the sales of parts and accessories for passenger and light commercial vehicles in Croatia and Slovenia.

GARDEN BREWERY d.d

Market Cap: €9.3m

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

Agram banka d.d

Market Cap: €72.1m

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

Hrvatska postanska banka d.d

Market Cap: €587.1m

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

Slatinska Banka d.d

Market Cap: €12.3m

Provides banking products and services in Croatia.

ALPHA ADRIATIC d.d

Market Cap: €5.4m

Provides maritime transportation 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: €82.7m

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.

Ericsson Nikola Tesla d.d

Market Cap: €253.9m

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

Institut IGH d.d

Market Cap: €17.7m

A consulting company, engages in the design and engineering activities in the civil engineering sector in Croatia and internationally.

Koncar - distributivni i specijalni transformatori d.d

Market Cap: €1.9b

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

Atlantic Grupa d.d

Market Cap: €591.3m

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.

Cakovecki mlinovi d.d

Market Cap: €176.2m

Produces and trades food products in Croatia.

Valamar Riviera d.d

Market Cap: €789.4m

Operates as a tourism company in the Republic of Croatia and internationally.

Arena Hospitality Group d.d

Market Cap: €175.0m

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

Losinjska Plovidba Holding d.d

Market Cap: €16.5m

Engages in goods and passenger transportation activities.

Auto Hrvatska d.d

Market Cap: €120.5m

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.