Returns At INA-Industrija nafte d.d (ZGSE:INA) Are On The Way Up
Dec 28
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Croatian (CROBEX) Market Analysis & Valuation
UpdatedDec 28, 2024
DataAggregated Company Financials
Companies60
- 7D0.3%
- 3M13.9%
- 1Y28.1%
- YTD27.2%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has risen 28% in the past 12 months. Looking forward, earnings are forecast to grow by 4.8% annually.
Market Valuation and Performance
Has the Croatian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 28 Dec 2024 | Kn29.3b | Kn16.7b | Kn1.8b | 15x | 16.3x | 1.8x |
| Mon, 25 Nov 2024 | Kn27.6b | Kn16.6b | Kn1.8b | 15.2x | 15.4x | 1.7x |
| Wed, 23 Oct 2024 | Kn26.3b | Kn16.4b | Kn1.7b | 18x | 15.7x | 1.6x |
| Fri, 20 Sep 2024 | Kn25.8b | Kn16.5b | Kn1.7b | 18.1x | 15.4x | 1.6x |
| Sun, 18 Aug 2024 | Kn25.4b | Kn16.4b | Kn1.7b | 18.1x | 15.2x | 1.6x |
| Tue, 16 Jul 2024 | Kn24.6b | Kn16.1b | Kn1.7b | 15.5x | 14.6x | 1.5x |
| Thu, 13 Jun 2024 | Kn24.8b | Kn16.1b | Kn1.7b | 14.7x | 14.8x | 1.5x |
| Sat, 11 May 2024 | Kn24.1b | Kn16.1b | Kn1.7b | 14.5x | 14.2x | 1.5x |
| Mon, 08 Apr 2024 | Kn24.9b | Kn16.0b | Kn1.6b | 15.2x | 15.2x | 1.6x |
| Wed, 06 Mar 2024 | Kn24.5b | Kn16.0b | Kn1.6b | 15x | 14.9x | 1.5x |
| Fri, 02 Feb 2024 | Kn25.8b | Kn17.9b | Kn1.4b | 16.2x | 18.4x | 1.4x |
| Sun, 31 Dec 2023 | Kn24.6b | Kn18.0b | Kn1.4b | 15.6x | 17.6x | 1.4x |
| Tue, 28 Nov 2023 | Kn23.3b | Kn17.9b | Kn1.4b | 16x | 16.7x | 1.3x |
| Thu, 26 Oct 2023 | Kn22.7b | Kn17.3b | Kn1.3b | 15.9x | 17x | 1.3x |
| Sat, 23 Sep 2023 | Kn22.8b | Kn17.3b | Kn1.3b | 16.3x | 17x | 1.3x |
| Mon, 21 Aug 2023 | Kn22.7b | Kn17.3b | Kn1.3b | 16.1x | 16.8x | 1.3x |
| Wed, 19 Jul 2023 | Kn21.7b | Kn17.0b | Kn1.4b | 18.4x | 16.1x | 1.3x |
| Fri, 16 Jun 2023 | Kn21.7b | Kn17.2b | Kn1.3b | 18.1x | 16.2x | 1.3x |
| Sun, 14 May 2023 | Kn20.7b | Kn16.3b | Kn1.2b | 18.8x | 17x | 1.3x |
| Tue, 11 Apr 2023 | Kn20.8b | Kn16.1b | Kn1.2b | 17.5x | 16.7x | 1.3x |
| Thu, 09 Mar 2023 | Kn20.8b | Kn16.5b | Kn1.3b | 15.2x | 16x | 1.3x |
| Sat, 04 Feb 2023 | Kn19.5b | Kn15.7b | Kn1.5b | 14.8x | 12.9x | 1.2x |
| Mon, 02 Jan 2023 | Kn25.5b | Kn25.3b | Kn1.9b | 13.3x | 13.5x | 1x |
| Wed, 30 Nov 2022 | Kn133.4b | Kn107.0b | Kn11.5b | 13.4x | 11.6x | 1.2x |
| Fri, 28 Oct 2022 | Kn132.8b | Kn97.6b | Kn9.8b | 14.8x | 13.6x | 1.4x |
| Sun, 25 Sep 2022 | Kn134.1b | Kn97.2b | Kn9.8b | 14.8x | 13.7x | 1.4x |
| Tue, 23 Aug 2022 | Kn136.5b | Kn97.1b | Kn9.8b | 14.8x | 14x | 1.4x |
| Thu, 21 Jul 2022 | Kn130.3b | Kn90.1b | Kn8.0b | 14.3x | 16.4x | 1.4x |
| Sat, 18 Jun 2022 | Kn135.0b | Kn90.8b | Kn8.0b | 15.1x | 16.8x | 1.5x |
| Mon, 16 May 2022 | Kn138.0b | Kn90.7b | Kn8.0b | 16x | 17.3x | 1.5x |
| Wed, 13 Apr 2022 | Kn139.2b | Kn87.5b | Kn7.1b | 18.4x | 19.5x | 1.6x |
| Fri, 11 Mar 2022 | Kn136.3b | Kn89.4b | Kn7.2b | 17.5x | 18.9x | 1.5x |
| Sun, 06 Feb 2022 | Kn139.6b | Kn84.6b | Kn6.6b | 13.9x | 21.3x | 1.7x |
| Tue, 04 Jan 2022 | Kn139.5b | Kn84.6b | Kn6.6b | 13.9x | 21.2x | 1.6x |
Price to Earnings Ratio
21.2x
Current Market PE
- Investors are relatively neutral on the Croatian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 16.0x.
Past Earnings Growth
- The earnings for companies in the Croatian industry have declined 35% per year over the last three years.
- Revenues have also declined 42% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Sector Trends
Which sectors have driven the changes within the Croatian Market?
| HR Market | 0.27% | |
| Energy | 2.87% | |
| Consumer Staples | 2.69% | |
| Industrials | 0.67% | |
| Telecom | 0.50% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Utilities | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Consumer Discretionary | -0.13% | |
| Tech | -0.33% | |
| Financials | -1.59% | |
| Healthcare | -2.63% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading close to its 3-year average PE ratio of 20.7x.
- Analysts are expecting annual earnings growth of 3.8%, which is lower than the prior year's growth of 25.4% per year.
- The Healthcare sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.2x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 1.0% per year.
- In contrast, the Tech sector is expected to see its earnings decline by 2.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| INA INA-Industrija nafte d.d | €472.00 | 3.5% +€160.0m | -5.6% | PE18.3x | Energy | |
| PODR Podravka d.d | €145.50 | 3.6% +€35.2m | -10.7% | PE15x | Consumer Staples | |
| ADRS Adris grupa d. d | €79.00 | 1.3% +€15.8m | -1.3% | PE17.1x | Industrials | |
| HT Hrvatski Telekom d.d | €40.20 | 0.5% +€15.4m | 47.3% | PE21.8x | Telecom | |
| KOEI KONCAR - Elektroindustrija d.d | €450.00 | 1.4% +€15.3m | 140.6% | PE13.6x | Industrials |
