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Croatian (CROBEX) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies65
  • 7D-0.7%
  • 3M8.2%
  • 1Y26.1%
  • YTD6.7%

Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector gained 3.9% in that time. Meanwhile, the market is actually up 26% over the past year. As for the next few years, earnings are expected to grow by 3.2% per annum.

Market Valuation and Performance

Has the Croatian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024Kn24.2bKn16.0bKn1.6b15x14.8x1.5x
Thu, 15 Feb 2024Kn24.4bKn15.4bKn1.2b15.5x19.6x1.6x
Sat, 13 Jan 2024Kn25.0bKn18.0bKn1.4b16x17.9x1.4x
Mon, 11 Dec 2023Kn23.5bKn17.9bKn1.4b15.4x16.8x1.3x
Wed, 08 Nov 2023Kn22.9bKn17.9bKn1.4b14.3x16.3x1.3x
Fri, 06 Oct 2023Kn22.5bKn17.3bKn1.3b16.3x16.7x1.3x
Sun, 03 Sep 2023Kn22.8bKn17.3bKn1.3b16.4x17.1x1.3x
Tue, 01 Aug 2023Kn22.1bKn17.0bKn1.3b18.1x16.9x1.3x
Thu, 29 Jun 2023Kn21.6bKn17.0bKn1.4b17.8x15.9x1.3x
Sat, 27 May 2023Kn20.9bKn16.8bKn1.3b17.9x15.5x1.2x
Mon, 24 Apr 2023Kn20.3bKn16.0bKn1.2b17.2x16.4x1.3x
Wed, 22 Mar 2023Kn20.6bKn16.3bKn1.3b16.8x16x1.3x
Fri, 17 Feb 2023Kn19.8bKn15.9bKn1.5b15.5x12.9x1.2x
Sun, 15 Jan 2023Kn19.7bKn15.7bKn1.5b15x13x1.3x
Tue, 13 Dec 2022Kn133.2bKn107.0bKn11.5b14.1x11.6x1.2x
Thu, 10 Nov 2022Kn131.7bKn106.1bKn11.4b13.2x11.5x1.2x
Sat, 08 Oct 2022Kn132.5bKn97.2bKn9.8b14.7x13.5x1.4x
Mon, 05 Sep 2022Kn134.1bKn97.1bKn9.8b14.7x13.7x1.4x
Wed, 03 Aug 2022Kn133.8bKn96.5bKn9.7b13.6x13.8x1.4x
Fri, 01 Jul 2022Kn135.8bKn85.2bKn8.0b14.9x16.9x1.6x
Sun, 29 May 2022Kn137.5bKn90.8bKn8.0b15.6x17.2x1.5x
Tue, 26 Apr 2022Kn138.8bKn87.1bKn7.1b18.1x19.4x1.6x
Thu, 24 Mar 2022Kn138.4bKn89.8bKn7.2b17.8x19.2x1.5x
Sat, 19 Feb 2022Kn139.1bKn84.6bKn6.6b14.3x21.1x1.6x
Mon, 17 Jan 2022Kn140.5bKn84.6bKn6.6b14.8x21.4x1.7x
Wed, 15 Dec 2021Kn136.1bKn84.2bKn6.6b12.7x20.7x1.6x
Fri, 12 Nov 2021Kn134.9bKn81.5bKn4.9b15.9x27.6x1.7x
Sun, 10 Oct 2021Kn135.1bKn77.7bKn3.7b17.3x36.8x1.7x
Tue, 07 Sep 2021Kn131.7bKn77.4bKn3.6b15.1x36.1x1.7x
Thu, 05 Aug 2021Kn132.9bKn77.8bKn3.3b14.2x40.1x1.7x
Sun, 09 May 2021Kn128.6bKn72.9bKn2.2b15x58.8x1.8x
Price to Earnings Ratio

56.5x


Total Market Cap: Kn123.5bTotal Earnings: Kn2.2bTotal Revenue: Kn72.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Croatian Market Price to Earnings3Y Average 22.7x202220232024
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 14.9x which is lower than its 3-year average PE of 22.7x.
Past Earnings Growth
  • The earnings for companies in the Croatian industry have declined 9.2% 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-0.69%
Consumer Staples3.92%
Telecom3.11%
Industrials1.70%
Consumer Discretionary0.40%
Tech0.24%
Real Estate0%
Materials0%
Utilities0%
Healthcare-1.30%
Financials-1.94%
Energy-4.62%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 15.6x.
    • 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 11.6x.
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?

CompanyLast Price7D1YValuationSector
PODR Podravka d.d€161.005.9%
+€63.1m
79.7%PE17xConsumer Staples
HT Hrvatski Telekom d.d€29.502.1%
+€46.8m
15.7%PE17.4xTelecom
ADRS Adris grupa d. d€80.501.9%
+€23.6m
30.9%PE20.3xIndustrials
RIVP Valamar Riviera d.d€5.004.0%
+€23.3m
10.4%PE22.7xConsumer Discretionary
LKRI Luka Rijeka d.d€8.404.3%
+€5.8m
-7.7%PE19.2xIndustrials
See more
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ATPL

€43.90

Atlantska Plovidba d.d

7D

-6.6%

1Y

-26.1%

CROS

€1,020.00

Croatia osiguranje d.d

7D

1.0%

1Y

22.9%

PODR

€161.00

Podravka d.d

7D

5.9%

1Y

79.7%

ZABA

€17.80

Zagrebacka banka d.d

7D

-1.7%

1Y

49.0%

VLEN

€3.84

Brodogradiliste Viktor Lenac d.d

7D

4.9%

1Y

16.4%

HPB

€222.00

Hrvatska postanska banka d.d

7D

-6.7%

1Y

94.7%

LKRI

€8.40

Luka Rijeka d.d

7D

4.3%

1Y

-7.7%

ADRS

€80.50

Adris grupa d. d

7D

1.9%

1Y

30.9%

HT

€29.50

Hrvatski Telekom d.d

7D

2.1%

1Y

15.7%

AUHR

€178.00

Auto Hrvatska d.d

7D

-5.3%

1Y

n/a

JDOS

€480.00

ADRIATIC osiguranje d.d

7D

-7.7%

1Y

-11.1%