Estimating The Intrinsic Value Of Plava laguna d.d. (ZGSE:PLAG)
Nov 26
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Croatian (CROBEX) Market Analysis & Valuation
UpdatedNov 26, 2024
DataAggregated Company Financials
Companies59
- 7D0.9%
- 3M10.3%
- 1Y26.0%
- YTD20.6%
The Communication Services sector gained 3.2% while the market remained flat over the last week. More promisingly, the market is up 26% over the past year. As for the next few years, earnings are expected to grow by 1.2% per annum.
Market Valuation and Performance
Has the Croatian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 26 Nov 2024 | Kn27.8b | Kn16.6b | Kn1.8b | 15.2x | 15.5x | 1.7x |
| Thu, 24 Oct 2024 | Kn26.2b | Kn16.4b | Kn1.7b | 17.9x | 15.6x | 1.6x |
| Sat, 21 Sep 2024 | Kn25.7b | Kn16.5b | Kn1.7b | 18x | 15.3x | 1.6x |
| Mon, 19 Aug 2024 | Kn25.4b | Kn16.4b | Kn1.7b | 18.1x | 15.2x | 1.6x |
| Wed, 17 Jul 2024 | Kn24.6b | Kn16.1b | Kn1.7b | 15.9x | 14.7x | 1.5x |
| Fri, 14 Jun 2024 | Kn24.7b | Kn16.1b | Kn1.7b | 14.7x | 14.7x | 1.5x |
| Sun, 12 May 2024 | Kn24.1b | Kn16.1b | Kn1.7b | 14.7x | 14.2x | 1.5x |
| Tue, 09 Apr 2024 | Kn24.8b | Kn16.0b | Kn1.6b | 15.2x | 15.2x | 1.5x |
| Thu, 07 Mar 2024 | Kn24.5b | Kn16.0b | Kn1.6b | 15x | 15x | 1.5x |
| Sat, 03 Feb 2024 | Kn25.8b | Kn17.9b | Kn1.4b | 16.1x | 18.5x | 1.4x |
| Mon, 01 Jan 2024 | Kn24.6b | Kn18.0b | Kn1.4b | 15.6x | 17.6x | 1.4x |
| Wed, 29 Nov 2023 | Kn23.4b | Kn17.9b | Kn1.4b | 16x | 16.8x | 1.3x |
| Fri, 27 Oct 2023 | Kn22.8b | Kn17.4b | Kn1.3b | 15.2x | 17x | 1.3x |
| Sun, 24 Sep 2023 | Kn22.8b | Kn17.3b | Kn1.3b | 16.3x | 17x | 1.3x |
| Tue, 22 Aug 2023 | Kn22.6b | Kn17.3b | Kn1.3b | 16.1x | 16.8x | 1.3x |
| Thu, 20 Jul 2023 | Kn21.8b | Kn17.0b | Kn1.4b | 18.3x | 16.2x | 1.3x |
| Sat, 17 Jun 2023 | Kn21.7b | Kn17.2b | Kn1.3b | 18.1x | 16.2x | 1.3x |
| Mon, 15 May 2023 | Kn20.7b | Kn16.3b | Kn1.2b | 18.8x | 17x | 1.3x |
| Wed, 12 Apr 2023 | Kn20.8b | Kn16.1b | Kn1.2b | 17.2x | 16.7x | 1.3x |
| Fri, 10 Mar 2023 | Kn20.8b | Kn16.4b | Kn1.3b | 16x | 15.9x | 1.3x |
| Sun, 05 Feb 2023 | Kn19.5b | Kn15.7b | Kn1.5b | 14.8x | 12.9x | 1.2x |
| Tue, 03 Jan 2023 | Kn18.9b | Kn15.9b | Kn1.5b | 14.3x | 12.3x | 1.2x |
| Thu, 01 Dec 2022 | Kn132.7b | Kn107.0b | Kn11.5b | 13.5x | 11.6x | 1.2x |
| Sat, 29 Oct 2022 | Kn132.2b | Kn98.4b | Kn9.7b | 14.9x | 13.6x | 1.3x |
| Mon, 26 Sep 2022 | Kn134.1b | Kn97.2b | Kn9.8b | 14.8x | 13.7x | 1.4x |
| Wed, 24 Aug 2022 | Kn135.5b | Kn97.1b | Kn9.8b | 14.8x | 13.9x | 1.4x |
| Fri, 22 Jul 2022 | Kn134.0b | Kn90.1b | Kn8.0b | 14.5x | 16.8x | 1.5x |
| Sun, 19 Jun 2022 | Kn134.9b | Kn90.8b | Kn8.0b | 15.1x | 16.8x | 1.5x |
| Tue, 17 May 2022 | Kn138.2b | Kn90.7b | Kn8.0b | 16x | 17.3x | 1.5x |
| Thu, 14 Apr 2022 | Kn137.7b | Kn87.5b | Kn7.1b | 18.1x | 19.3x | 1.6x |
| Sat, 12 Mar 2022 | Kn136.8b | Kn89.4b | Kn7.2b | 16.5x | 18.9x | 1.5x |
| Mon, 07 Feb 2022 | Kn139.6b | Kn84.6b | Kn6.6b | 13.9x | 21.3x | 1.7x |
| Wed, 05 Jan 2022 | Kn140.2b | Kn84.6b | Kn6.6b | 13.8x | 21.3x | 1.7x |
| Fri, 03 Dec 2021 | Kn134.5b | Kn84.2b | Kn6.6b | 12.4x | 20.5x | 1.6x |
Price to Earnings Ratio
20.5x
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 16.1x.
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 | 0.93% | |
| Telecom | 3.17% | |
| Financials | 2.39% | |
| Healthcare | 1.77% | |
| Industrials | 0.81% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Utilities | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Tech | -0.22% | |
| Energy | -0.37% | |
| Consumer Staples | -1.19% | |
| Consumer Discretionary | -1.49% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth even though it's trading below its 3-year average PE ratio of 25.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 42.3% which is higher than its past year's earnings decline of 1.0% 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 Industrials sector is expected to see its earnings decline by 4.7% 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 | |
|---|---|---|---|---|---|---|
| ZABA Zagrebacka banka d.d | €24.00 | 2.6% +€192.1m | 76.5% | PB2.8x | Financials | |
| HT Hrvatski Telekom d.d | €39.00 | 3.2% +€92.6m | 46.6% | PE21.1x | Telecom | |
| ADRS Adris grupa d. d | €81.00 | 3.8% +€47.5m | 5.9% | PE17.5x | Industrials | |
| MAIS Maistra d.d | €46.60 | 4.5% +€21.9m | 8.9% | PE15.1x | Consumer Discretionary | |
| INA INA-Industrija nafte d.d | €450.00 | 0.4% +€20.0m | -8.2% | PE17.5x | Energy |
