Calculating The Intrinsic Value Of Dalekovod d.d. (ZGSE:DLKV)
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Croatian (CROBEX) Market Analysis & Valuation
UpdatedApr 13, 2025
DataAggregated Company Financials
Companies58
- 7D1.6%
- 3M-0.07%
- 1Y19.3%
- YTD4.0%
The market has climbed 1.6% in the last 7 days, lead by the Energy sector with a gain of 7.3%. The market is up 19% over the last 12 months. Earnings are forecast to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Sun, 13 Apr 2025 | Kn30.2b | Kn17.0b | Kn1.8b | 14.7x | 17.2x | 1.8x |
| Tue, 11 Mar 2025 | Kn29.9b | Kn17.1b | Kn1.8b | 14.5x | 16.9x | 1.7x |
| Thu, 06 Feb 2025 | Kn30.4b | Kn16.6b | Kn1.8b | 15.6x | 16.9x | 1.8x |
| Sat, 04 Jan 2025 | Kn28.9b | Kn16.7b | Kn1.8b | 14.8x | 16.1x | 1.7x |
| Mon, 02 Dec 2024 | Kn28.1b | Kn16.7b | Kn1.8b | 15.2x | 15.7x | 1.7x |
| Wed, 30 Oct 2024 | Kn26.2b | Kn16.4b | Kn1.7b | 17.3x | 15.5x | 1.6x |
| Fri, 27 Sep 2024 | Kn25.8b | Kn16.5b | Kn1.7b | 18x | 15.4x | 1.6x |
| Sun, 25 Aug 2024 | Kn25.5b | Kn16.4b | Kn1.7b | 18.2x | 15.2x | 1.6x |
| Tue, 23 Jul 2024 | Kn24.8b | Kn16.1b | Kn1.7b | 15.6x | 14.8x | 1.5x |
| Thu, 20 Jun 2024 | Kn24.8b | Kn16.1b | Kn1.7b | 14.7x | 14.8x | 1.5x |
| Sat, 18 May 2024 | Kn24.5b | Kn16.1b | Kn1.7b | 14.7x | 14.4x | 1.5x |
| Mon, 15 Apr 2024 | Kn25.1b | Kn16.0b | Kn1.6b | 15.2x | 15.3x | 1.6x |
| Wed, 13 Mar 2024 | Kn24.2b | Kn16.0b | Kn1.6b | 15.3x | 14.8x | 1.5x |
| Fri, 09 Feb 2024 | Kn24.2b | Kn15.4b | Kn1.2b | 15.6x | 19.4x | 1.6x |
| Sun, 07 Jan 2024 | Kn24.7b | Kn18.0b | Kn1.4b | 15.8x | 17.7x | 1.4x |
| Tue, 05 Dec 2023 | Kn23.6b | Kn17.9b | Kn1.4b | 15.5x | 16.9x | 1.3x |
| Thu, 02 Nov 2023 | Kn22.6b | Kn17.5b | Kn1.4b | 15.3x | 15.9x | 1.3x |
| Sat, 30 Sep 2023 | Kn22.6b | Kn17.3b | Kn1.3b | 16.3x | 16.8x | 1.3x |
| Mon, 28 Aug 2023 | Kn22.6b | Kn17.3b | Kn1.3b | 16.1x | 16.8x | 1.3x |
| Wed, 26 Jul 2023 | Kn21.8b | Kn17.1b | Kn1.4b | 18.9x | 15.9x | 1.3x |
| Fri, 23 Jun 2023 | Kn21.8b | Kn17.2b | Kn1.3b | 17.9x | 16.3x | 1.3x |
| Sun, 21 May 2023 | Kn21.0b | Kn16.8b | Kn1.3b | 17.7x | 15.6x | 1.2x |
| Tue, 18 Apr 2023 | Kn20.3b | Kn16.0b | Kn1.2b | 17.1x | 16.4x | 1.3x |
| Thu, 16 Mar 2023 | Kn20.6b | Kn16.5b | Kn1.3b | 16x | 15.8x | 1.2x |
| Sat, 11 Feb 2023 | Kn19.7b | Kn15.9b | Kn1.5b | 15.5x | 12.8x | 1.2x |
| Mon, 09 Jan 2023 | Kn19.3b | Kn15.9b | Kn1.5b | 14.4x | 12.6x | 1.2x |
| Wed, 07 Dec 2022 | Kn132.8b | Kn107.0b | Kn11.5b | 13.9x | 11.6x | 1.2x |
| Fri, 04 Nov 2022 | Kn131.4b | Kn105.0b | Kn10.8b | 13.9x | 12.1x | 1.3x |
| Sun, 02 Oct 2022 | Kn130.8b | Kn97.2b | Kn9.8b | 14.7x | 13.4x | 1.3x |
| Tue, 30 Aug 2022 | Kn135.6b | Kn97.1b | Kn9.8b | 14.8x | 13.9x | 1.4x |
| Thu, 28 Jul 2022 | Kn134.7b | Kn90.3b | Kn8.0b | 14.8x | 16.9x | 1.5x |
| Sat, 25 Jun 2022 | Kn133.9b | Kn90.8b | Kn8.0b | 15.1x | 16.7x | 1.5x |
| Mon, 23 May 2022 | Kn137.2b | Kn90.8b | Kn8.0b | 15.6x | 17.1x | 1.5x |
| Wed, 20 Apr 2022 | Kn138.7b | Kn87.3b | Kn7.1b | 18.3x | 19.4x | 1.6x |
Price to Earnings Ratio
19.4x
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 15.6x.
Past Earnings Growth
- The earnings for companies in the Croatian industry have declined 37% 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 | 1.60% | |
| Energy | 7.34% | |
| Industrials | 3.68% | |
| Consumer Discretionary | 0.52% | |
| Real Estate | 0% | 0 |
| Materials | 0% | 0 |
| Utilities | 0% | 0 |
| Tech | -0.25% | |
| Financials | -0.47% | |
| Consumer Staples | -0.74% | |
| Telecom | -1.62% | |
| Healthcare | -1.92% | |
Sector PE
- Investors favour the Energy sector the most for future growth, which is trading close to its 3-year average PE ratio of 24.3x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Healthcare sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.1x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings growth rate of 7.1% per year.
- In contrast, the Tech sector is expected to see its earnings grow by 4.3% 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 | €478.00 | 8.6% +€380.0m | -4.4% | PE26.3x | Energy | |
| KODT Koncar - distributivni i specijalni transformatori d.d | €2.14k | 8.6% +€86.9m | 49.7% | PE9.4x | Industrials | |
| KOEI KONCAR - Elektroindustrija d.d | €462.00 | 6.7% +€73.9m | 77.7% | PE11.6x | Industrials | |
| DDJH Ðuro Ðakovic Grupa d.d | €46.00 | 2.2% +€28.3m | 60.8% | PE189x | Industrials | |
| RIVP Valamar Riviera d.d | €5.58 | 3.0% +€19.7m | 7.3% | PE26.6x | Consumer Discretionary |
