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Croatian (CROBEX) Market Analysis & Valuation

UpdatedJun 08, 2023
DataAggregated Company Financials
Companies84
  • 7D1.9%
  • 3M2.9%
  • 1Y10.7%
  • YTD13.0%

The market is up 1.9% over the last week, with the Energy sector leading the way, up 5.4%. The market is up 11% over the last 12 months. Looking forward, earnings are forecast to grow by 8.4% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jun 2023Kn21.7bKn17.2bKn1.3b17.7x16.2x1.3x
Sat, 06 May 2023Kn20.5bKn16.3bKn1.2b16.2x17.4x1.3x
Mon, 03 Apr 2023Kn20.7bKn16.2bKn1.3b16.3x16.5x1.3x
Wed, 01 Mar 2023Kn20.7bKn16.1bKn1.4b16.1x15.1x1.3x
Fri, 27 Jan 2023Kn19.6bKn15.6bKn1.5b15.4x13x1.3x
Sun, 25 Dec 2022Kn134.0bKn107.0bKn11.5b13.8x11.7x1.3x
Tue, 22 Nov 2022Kn132.4bKn107.0bKn11.5b13.3x11.5x1.2x
Thu, 20 Oct 2022Kn132.2bKn97.4bKn9.9b14.8x13.4x1.4x
Sat, 17 Sep 2022Kn133.8bKn97.1bKn9.8b14.7x13.7x1.4x
Mon, 15 Aug 2022Kn135.4bKn97.1bKn9.8b14.8x13.8x1.4x
Wed, 13 Jul 2022Kn134.6bKn90.1bKn8.0b14.5x16.9x1.5x
Fri, 10 Jun 2022Kn138.9bKn90.8bKn8.0b15.5x17.3x1.5x
Sun, 08 May 2022Kn137.7bKn90.8bKn8.0b16.4x17.1x1.5x
Tue, 05 Apr 2022Kn139.3bKn89.8bKn7.1b17.6x19.5x1.6x
Thu, 03 Mar 2022Kn135.3bKn88.2bKn7.0b15.4x19.3x1.5x
Sat, 29 Jan 2022Kn138.9bKn84.6bKn6.6b13.6x21.2x1.6x
Mon, 27 Dec 2021Kn136.7bKn84.2bKn6.6b12.9x20.8x1.6x
Wed, 24 Nov 2021Kn135.6bKn84.2bKn6.6b12.4x20.6x1.6x
Fri, 22 Oct 2021Kn135.4bKn77.7bKn3.7b17.2x36.8x1.7x
Sun, 19 Sep 2021Kn131.8bKn77.4bKn3.6b16.5x36.1x1.7x
Tue, 17 Aug 2021Kn133.2bKn77.8bKn3.3b14.3x40.2x1.7x
Tue, 01 Jun 2021Kn130.0bKn72.9bKn2.2b15.2x59.4x1.8x
Fri, 05 Mar 2021Kn120.6bKn73.3bKn1.4b13.2x88.1x1.6x
Mon, 07 Dec 2020Kn115.0bKn75.9bKn1.1b13.4x101.8x1.5x
Thu, 10 Sep 2020Kn111.5bKn81.6bKn3.6b12.9x31x1.4x
Price to Earnings Ratio

30.9x


Total Market Cap: Kn111.1bTotal Earnings: Kn3.6bTotal Revenue: Kn81.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Croatian Market Price to Earnings3Y Average 36.9x202120222023
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 16.2x which is lower than its 3-year average PE of 36.9x.
Past Earnings Growth
  • The earnings for companies in the Croatian industry have declined 28% 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 Market1.91%
Energy5.41%
Tech2.60%
Industrials1.09%
Healthcare1.00%
Consumer Discretionary0.99%
Financials0.68%
Real Estate0%
Materials0%
Telecom0%
Utilities0%
Consumer Staples-0.70%
Sector PE
    • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 11.9x.
    Forecasted Growth
    • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 35% over the next 5 years.
    • However this is lower than its past earnings growth rate of 70% per year.
    • In contrast, the Industrials sector is expected to see its earnings decline by 27% 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
    INA INA-Industrija nafte d.d€500.007.3%
    +€340.0m
    7.5%PE33.8xEnergy
    PLAG Plava laguna d.d€298.002.8%
    +€17.6m
    35.0%PE9.9xConsumer Discretionary
    ZABA Zagrebacka banka d.d€11.750.4%
    +€16.0m
    35.1%PB1.3xFinancials
    ADRS Adris grupa d. d€67.001.5%
    +€15.7m
    9.6%PE19.4xIndustrials
    HPB Hrvatska postanska banka d.d€144.005.1%
    +€14.2m
    17.2%PB0.6xFinancials
    See more
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    Latest News

    HPB

    €144.00

    Hrvatska postanska banka d.d

    7D

    5.1%

    1Y

    17.2%

    LKPC

    €128.00

    Luka Ploce d.d

    7D

    -3.0%

    1Y

    53.0%

    AUHR

    €160.00

    Auto Hrvatska d.d

    7D

    -5.9%

    1Y

    41.6%

    MAIS

    €40.00

    Maistra d.d

    7D

    -0.5%

    1Y

    -0.3%

    CKML

    €10.30

    Cakovecki mlinovi d.d

    7D

    -2.8%

    1Y

    2.7%

    KOEI

    €138.00

    KONCAR - Elektroindustrija d.d

    7D

    2.2%

    1Y

    12.2%

    PLAG

    €298.00

    Plava laguna d.d

    7D

    2.8%

    1Y

    35.0%

    LRHC

    €160.00

    FTB Turizam d.d

    7D

    -3.6%

    1Y

    -1.4%

    HEFA

    €1.00

    Helios Faros d.d

    7D

    40.8%

    1Y

    -16.3%