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Croatian (CROBEX) Market Analysis & Valuation

UpdatedMay 24, 2022
DataAggregated Company Financials
Companies76
  • 7D-0.8%
  • 3M-2.2%
  • 1Y2.6%
  • YTD-2.9%

Over the last 7 days, the market has remained flat, although notably the Industrials sector declined by 4.8%. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 9.2% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Wed, 25 May 2022Kn137.2bKn90.8bKn8.0b15.5x
Fri, 22 Apr 2022Kn139.3bKn87.3bKn7.1b18.2x
Sun, 20 Mar 2022Kn138.8bKn89.4bKn7.2b17.7x
Tue, 15 Feb 2022Kn139.4bKn84.6bKn6.6b14.2x
Thu, 13 Jan 2022Kn140.4bKn84.6bKn6.6b14.8x
Sat, 11 Dec 2021Kn135.8bKn84.2bKn6.6b12.5x
Mon, 08 Nov 2021Kn133.4bKn81.6bKn4.9b15.9x
Wed, 06 Oct 2021Kn134.9bKn77.7bKn3.7b17.2x
Fri, 03 Sep 2021Kn132.3bKn77.8bKn3.3b14.7x
Sun, 01 Aug 2021Kn131.7bKn77.8bKn3.3b14.2x
Wed, 05 May 2021Kn128.6bKn72.9bKn2.2b15x
Sat, 06 Feb 2021Kn118.9bKn73.3bKn1.4b13.2x
Tue, 10 Nov 2020Kn110.7bKn75.9bKn1.1b13.2x
Mon, 03 Aug 2020Kn109.6bKn81.6bKn3.6b12.4x
Thu, 07 May 2020Kn110.3bKn89.1bKn5.1b12.3x
Sun, 09 Feb 2020Kn128.4bKn89.3bKn6.4b15.3x
Sat, 02 Nov 2019Kn125.5bKn88.0bKn6.5b14.3x
Tue, 06 Aug 2019Kn118.7bKn87.2bKn6.2b12.8x
Median PE Ratio

12.9x


Total Market Cap: Kn114.8bTotal Earnings: Kn6.9bTotal Revenue: Kn87.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Croatian Market Median PE3Y Average 14.2x202020212022
Current Market PE
  • Investors are relatively neutral on the 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 14.2x.
Past Earnings Growth
  • The earnings for Croatian listed companies have grown 5.4% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Croatian Market?

HR Market-0.84%
Consumer Staples0.96%
Financials0.23%
Tech0.15%
Real Estate0%
Materials0%
Utilities0%
Energy-0.24%
Telecom-1.12%
Consumer Discretionary-1.58%
Healthcare-1.96%
Industrials-4.78%
Sector PE
  • Investors are most optimistic about the Consumer Discretionary sector, which is trading close to its 3-year average PE ratio of 27.1x.
  • Analysts are expecting annual earnings growth of 36%, which is lower than the prior year's growth of 142% per year.
  • This could indicate that the market believes that analysts are underestimating future growth.
  • Investors are most pessimistic about the Healthcare sector, which is trading below its 3-year average of 8.4x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 36% over the next 5 years.
  • However this is lower than its past earnings growth rate of 142% per year.
  • In contrast, the Tech sector is expected to see its earnings decline by 9.0% 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
ZABA Zagrebacka banka d.dKn65.000.6%
+Kn128.1m
10.5%PB1xFinancials
PODR Podravka d.dKn606.001.7%
+Kn70.2m
2.0%PS14.5xConsumer Staples
ATGR Atlantic Grupa d.dKn1.62k1.3%
+Kn66.4m
8.0%PS15.3xConsumer Staples
TPNG Tankerska Next Generation d.dKn52.404.4%
+Kn19.2m
23.0%PS1.6xIndustrials
HPB Hrvatska postanska banka d.dKn915.000.5%
+Kn10.1m
81.2%PB0.7xFinancials
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