Croatian Potentially Undervalued Companies

ING-GRAD d.d

Market Cap: €216.6m

Engages in construction business in Croatia.

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.

Zagrebacke Pekarne Klara d.d

Market Cap: €27.2m

Produces and sells bakery products in Croatia.

Medika d.d

Market Cap: €150.6m

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

Hrvatska postanska banka d.d

Market Cap: €607.4m

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

ALPHA ADRIATIC d.d

Market Cap: €6.0m

Provides maritime transportation services in Croatia.

AD Plastik d.d

Market Cap: €75.8m

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.

Istarska kreditna banka Umag d.d

Market Cap: €70.4m

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

KONCAR - Elektroindustrija d.d

Market Cap: €1.6b

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

Zito d.o.o

Market Cap: €502.0m

Engages in the food and agricultural businesses in Croatia, Hungary, Italy, Serbia, Slovakia, Kosovo, and internationally.

GARDEN BREWERY d.d

Market Cap: €6.7m

Produces craft beer.

Plava laguna d.d

Market Cap: €746.4m

Engages in the hospitality and tourism businesses in Croatia.

Agram banka d.d

Market Cap: €77.5m

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

Auto Hrvatska d.d

Market Cap: €118.2m

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.