Returns Are Gaining Momentum At INA-Industrija nafte d.d (ZGSE:INA)
Apr 03
Croatian (CROBEX) Market Analysis & Valuation
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies66
- 7D0.1%
- 3M2.9%
- 1Y28.8%
- YTD7.9%
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 29% in the past 12 months. Earnings are forecast to grow by 2.2% 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, 27 Apr 2024 | Kn24.5b | Kn24.6b | Kn3.2b | 14.8x | 7.6x | 1x |
| Mon, 25 Mar 2024 | Kn24.8b | Kn16.0b | Kn1.6b | 15x | 15.2x | 1.5x |
| Wed, 21 Feb 2024 | Kn24.6b | Kn15.4b | Kn1.5b | 15.5x | 16.9x | 1.6x |
| Fri, 19 Jan 2024 | Kn25.0b | Kn18.0b | Kn1.4b | 16.1x | 18x | 1.4x |
| Sun, 17 Dec 2023 | Kn24.0b | Kn17.9b | Kn1.4b | 15.5x | 17.2x | 1.3x |
| Tue, 14 Nov 2023 | Kn23.3b | Kn17.9b | Kn1.4b | 16.1x | 16.7x | 1.3x |
| Thu, 12 Oct 2023 | Kn22.4b | Kn17.3b | Kn1.3b | 16.3x | 16.6x | 1.3x |
| Sat, 09 Sep 2023 | Kn22.8b | Kn17.3b | Kn1.3b | 15.7x | 17.1x | 1.3x |
| Mon, 07 Aug 2023 | Kn22.6b | Kn17.2b | Kn1.3b | 18.6x | 17.2x | 1.3x |
| Wed, 05 Jul 2023 | Kn21.4b | Kn17.0b | Kn1.4b | 18x | 15.8x | 1.3x |
| Fri, 02 Jun 2023 | Kn21.5b | Kn17.3b | Kn1.3b | 18x | 16.2x | 1.2x |
| Sun, 30 Apr 2023 | Kn20.7b | Kn16.2b | Kn1.3b | 16.4x | 16.5x | 1.3x |
| Tue, 28 Mar 2023 | Kn20.9b | Kn16.3b | Kn1.3b | 17.1x | 16.3x | 1.3x |
| Thu, 23 Feb 2023 | Kn20.0b | Kn16.2b | Kn1.4b | 15.5x | 14.4x | 1.2x |
| Sat, 21 Jan 2023 | Kn19.5b | Kn15.7b | Kn1.5b | 15.2x | 12.9x | 1.2x |
| Mon, 19 Dec 2022 | Kn134.5b | Kn107.0b | Kn11.5b | 13.9x | 11.7x | 1.3x |
| Wed, 16 Nov 2022 | Kn132.6b | Kn107.1b | Kn11.5b | 13.5x | 11.5x | 1.2x |
| Fri, 14 Oct 2022 | Kn130.8b | Kn97.2b | Kn9.8b | 14.7x | 13.3x | 1.3x |
| Sun, 11 Sep 2022 | Kn133.7b | Kn97.1b | Kn9.8b | 14.7x | 13.7x | 1.4x |
| Tue, 09 Aug 2022 | Kn135.3b | Kn97.1b | Kn9.8b | 14.4x | 13.8x | 1.4x |
| Thu, 07 Jul 2022 | Kn134.8b | Kn90.1b | Kn8.0b | 15x | 16.9x | 1.5x |
| Sat, 04 Jun 2022 | Kn138.2b | Kn90.8b | Kn8.0b | 15.4x | 17.2x | 1.5x |
| Mon, 02 May 2022 | Kn138.7b | Kn90.4b | Kn8.0b | 17x | 17.3x | 1.5x |
| Wed, 30 Mar 2022 | Kn138.7b | Kn89.7b | Kn7.1b | 17.8x | 19.5x | 1.5x |
| Fri, 25 Feb 2022 | Kn136.3b | Kn87.5b | Kn7.2b | 13.9x | 18.8x | 1.6x |
| Sun, 23 Jan 2022 | Kn140.8b | Kn84.6b | Kn6.6b | 14.8x | 21.4x | 1.7x |
| Tue, 21 Dec 2021 | Kn136.4b | Kn84.2b | Kn6.6b | 13x | 20.7x | 1.6x |
| Thu, 18 Nov 2021 | Kn135.6b | Kn83.2b | Kn6.0b | 14.7x | 22.6x | 1.6x |
| Sat, 16 Oct 2021 | Kn135.2b | Kn77.7b | Kn3.7b | 17.3x | 36.8x | 1.7x |
| Mon, 13 Sep 2021 | Kn131.6b | Kn77.4b | Kn3.6b | 15.1x | 36.1x | 1.7x |
| Wed, 11 Aug 2021 | Kn133.0b | Kn77.8b | Kn3.3b | 14.1x | 40.1x | 1.7x |
| Sun, 06 Jun 2021 | Kn130.0b | Kn72.9b | Kn2.2b | 15.2x | 59.4x | 1.8x |
Price to Earnings Ratio
58.8x
Current Market PE
- Investors are pessimistic on the Croatian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 15.0x which is lower than its 3-year average PE of 21.5x.
Past Earnings Growth
- The earnings for companies in the Croatian industry have declined 9.3% per year over the last three years.
- Revenues have also declined 40% 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 | 0.11% | |
| Industrials | 1.64% | |
| Consumer Staples | 0.50% | |
| Telecom | 0.33% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Utilities | 0% | |
| Energy | -0.17% | |
| Financials | -0.28% | |
| Consumer Discretionary | -0.54% | |
| Tech | -1.89% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 16.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 58.1%, which is higher than its past year's earnings growth of 5.2% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 11.5x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 58% over the next 5 years.
- This is better than its past earnings growth rate of 5.2% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 2.9% 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 | |
|---|---|---|---|---|---|---|
| KODT Koncar - distributivni i specijalni transformatori d.d | €1.53k | 6.3% +€46.0m | 234.1% | PE11.2x | Industrials | |
| JNAF Jadranski naftovod d.d | €905.00 | 3.4% +€30.2m | 20.7% | PE16.3x | Energy | |
| CROS Croatia osiguranje d.d | €1.28k | 4.1% +€21.0m | 55.2% | PE9.2x | Financials | |
| KOEI KONCAR - Elektroindustrija d.d | €266.00 | 3.1% +€20.4m | 106.2% | PE14.6x | Industrials | |
| PODR Podravka d.d | €158.00 | 1.3% +€14.1m | 69.2% | PE16.7x | Consumer Staples |