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Jul 14
Croatian (CROBEX) Market Analysis & Valuation
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies63
- 7D-0.04%
- 3M3.0%
- 1Y23.5%
- YTD10.9%
In the last week, the market has stayed flat, however the Industrials sector stood out, gaining 3.0%. More promisingly, the market is up 23% over the past year. Earnings are forecast to be flat in the coming years.
Market Valuation and Performance
Has the Croatian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | Kn24.8b | Kn16.2b | Kn1.7b | 16x | 14.7x | 1.5x |
| Sun, 23 Jun 2024 | Kn24.5b | Kn16.1b | Kn1.7b | 14.7x | 14.6x | 1.5x |
| Tue, 21 May 2024 | Kn24.6b | Kn16.1b | Kn1.7b | 14.9x | 14.5x | 1.5x |
| Thu, 18 Apr 2024 | Kn24.7b | Kn16.0b | Kn1.6b | 15.2x | 15.1x | 1.5x |
| Sat, 16 Mar 2024 | Kn24.3b | Kn16.0b | Kn1.6b | 15x | 14.9x | 1.5x |
| Mon, 12 Feb 2024 | Kn24.4b | Kn15.4b | Kn1.2b | 15.6x | 19.5x | 1.6x |
| Wed, 10 Jan 2024 | Kn24.9b | Kn18.0b | Kn1.4b | 16.7x | 17.8x | 1.4x |
| Fri, 08 Dec 2023 | Kn23.4b | Kn17.9b | Kn1.4b | 15.4x | 16.8x | 1.3x |
| Sun, 05 Nov 2023 | Kn22.7b | Kn18.0b | Kn1.5b | 14.4x | 15.3x | 1.3x |
| Tue, 03 Oct 2023 | Kn22.7b | Kn17.3b | Kn1.3b | 16.3x | 16.8x | 1.3x |
| Thu, 31 Aug 2023 | Kn22.7b | Kn17.3b | Kn1.3b | 16.1x | 16.9x | 1.3x |
| Sat, 29 Jul 2023 | Kn21.7b | Kn17.2b | Kn1.4b | 19.7x | 15x | 1.3x |
| Mon, 26 Jun 2023 | Kn21.7b | Kn17.1b | Kn1.3b | 17.9x | 16.1x | 1.3x |
| Wed, 24 May 2023 | Kn21.1b | Kn16.8b | Kn1.3b | 18.1x | 15.7x | 1.3x |
| Fri, 21 Apr 2023 | Kn20.3b | Kn16.0b | Kn1.2b | 17.6x | 16.4x | 1.3x |
| Sun, 19 Mar 2023 | Kn20.6b | Kn16.4b | Kn1.3b | 16.3x | 15.9x | 1.3x |
| Tue, 14 Feb 2023 | Kn19.8b | Kn15.8b | Kn1.5b | 15.5x | 12.9x | 1.2x |
| Thu, 12 Jan 2023 | Kn19.5b | Kn15.8b | Kn1.5b | 14.9x | 12.8x | 1.2x |
| Sat, 10 Dec 2022 | Kn133.4b | Kn107.0b | Kn11.5b | 13.9x | 11.6x | 1.2x |
| Mon, 07 Nov 2022 | Kn131.6b | Kn106.0b | Kn11.4b | 13.3x | 11.6x | 1.2x |
| Wed, 05 Oct 2022 | Kn130.3b | Kn97.2b | Kn9.8b | 14.8x | 13.3x | 1.3x |
| Fri, 02 Sep 2022 | Kn134.4b | Kn97.1b | Kn9.8b | 14.7x | 13.7x | 1.4x |
| Sun, 31 Jul 2022 | Kn134.5b | Kn90.5b | Kn8.0b | 15x | 16.9x | 1.5x |
| Tue, 28 Jun 2022 | Kn134.8b | Kn91.0b | Kn8.0b | 15x | 16.8x | 1.5x |
| Thu, 26 May 2022 | Kn137.5b | Kn90.8b | Kn8.0b | 15.6x | 17.2x | 1.5x |
| Sat, 23 Apr 2022 | Kn139.3b | Kn87.3b | Kn7.1b | 18x | 19.5x | 1.6x |
| Mon, 21 Mar 2022 | Kn138.8b | Kn89.4b | Kn7.2b | 17.7x | 19.2x | 1.6x |
| Wed, 16 Feb 2022 | Kn139.0b | Kn84.6b | Kn6.6b | 14.3x | 21.1x | 1.6x |
| Fri, 14 Jan 2022 | Kn140.6b | Kn84.6b | Kn6.6b | 14.8x | 21.4x | 1.7x |
| Sun, 12 Dec 2021 | Kn135.9b | Kn84.2b | Kn6.6b | 12.5x | 20.7x | 1.6x |
| Tue, 09 Nov 2021 | Kn133.8b | Kn81.6b | Kn4.9b | 15.9x | 27.5x | 1.6x |
| Thu, 07 Oct 2021 | Kn135.0b | Kn77.7b | Kn3.7b | 17.3x | 36.8x | 1.7x |
| Sat, 04 Sep 2021 | Kn132.3b | Kn77.8b | Kn3.3b | 14.7x | 39.9x | 1.7x |
| Mon, 02 Aug 2021 | Kn131.7b | Kn77.8b | Kn3.3b | 14.3x | 39.7x | 1.7x |
Price to Earnings Ratio
39.7x
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 14.7x which is lower than its 3-year average PE of 18.3x.
Past Earnings Growth
- The earnings for companies in the Croatian industry have declined 20% per year over the last three years.
- Revenues have also declined 41% 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 | -0.038% | |
| Industrials | 3.02% | |
| Financials | 1.29% | |
| Telecom | 0.66% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Utilities | 0% | |
| Consumer Discretionary | -0.64% | |
| Consumer Staples | -1.95% | |
| Energy | -2.61% | |
| Tech | -2.64% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 20.8x.
- 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 close to its 3-year average of 9.2x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Staples sector, expecting annual earnings growth of 4.1% over the next 5 years.
- However this is lower than its past earnings growth rate of 34% 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 | |
|---|---|---|---|---|---|---|
| KOEI KONCAR - Elektroindustrija d.d | €362.00 | 20.7% +€157.9m | 110.5% | PE17x | Industrials | |
| ZABA Zagrebacka banka d.d | €18.55 | 2.5% +€144.1m | 54.6% | PB2.3x | Financials | |
| HT Hrvatski Telekom d.d | €30.80 | 1.3% +€30.9m | 18.5% | PE17.5x | Telecom | |
| KODT Koncar - distributivni i specijalni transformatori d.d | €1.74k | 2.4% +€20.4m | 161.7% | PE12.8x | Industrials | |
| LRH Liburnia Riviera Hoteli d.d | €400.00 | 12.4% +€13.3m | 16.3% | PE46.8x | Consumer Discretionary |
