What Adris grupa d. d.'s (ZGSE:ADRS) P/E Is Not Telling You
Nov 12
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Croatian (CROBEX) Industrials Sector Analysis
UpdatedNov 15, 2025
DataAggregated Company Financials
Companies15
- 7D1.1%
- 3M7.5%
- 1Y81.9%
- YTD70.5%
In the last week, the Industrials industry is up 1.1%, with Adris grupa d. d up 4.3%. This means that the industry has gained 82% over the past year. Earnings are forecast to grow by 8.6% annually.
Sector Valuation and Performance
Has the Croatian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 16 Nov 2025 | Kn8.1b | Kn4.2b | Kn427.4m | 20x | 18.9x | 1.9x |
| Tue, 14 Oct 2025 | Kn8.1b | Kn4.0b | Kn419.1m | 19.1x | 19.3x | 2x |
| Thu, 11 Sep 2025 | Kn8.1b | Kn4.0b | Kn419.1m | 19.8x | 19.3x | 2x |
| Sat, 09 Aug 2025 | Kn7.6b | Kn3.9b | Kn402.1m | 16.1x | 18.8x | 1.9x |
| Mon, 07 Jul 2025 | Kn6.6b | Kn3.9b | Kn395.4m | 13.9x | 16.8x | 1.7x |
| Wed, 04 Jun 2025 | Kn6.5b | Kn3.9b | Kn395.4m | 12.9x | 16.3x | 1.7x |
| Fri, 02 May 2025 | Kn5.9b | Kn3.8b | Kn375.6m | 13.3x | 15.7x | 1.5x |
| Sun, 30 Mar 2025 | Kn5.8b | Kn3.7b | Kn346.4m | 11.8x | 16.8x | 1.6x |
| Tue, 25 Feb 2025 | Kn4.9b | Kn3.4b | Kn303.9m | 15x | 16.2x | 1.4x |
| Thu, 23 Jan 2025 | Kn5.1b | Kn3.5b | Kn298.2m | 16.8x | 17.1x | 1.5x |
| Sat, 21 Dec 2024 | Kn4.6b | Kn3.5b | Kn298.2m | 14.4x | 15.3x | 1.3x |
| Mon, 18 Nov 2024 | Kn4.5b | Kn3.5b | Kn298.2m | 15.5x | 15x | 1.3x |
| Wed, 16 Oct 2024 | Kn4.5b | Kn3.4b | Kn259.5m | 18x | 17.4x | 1.3x |
| Fri, 13 Sep 2024 | Kn4.5b | Kn3.4b | Kn259.5m | 18.1x | 17.2x | 1.3x |
| Sun, 11 Aug 2024 | Kn4.3b | Kn3.4b | Kn258.2m | 15x | 16.8x | 1.3x |
| Tue, 09 Jul 2024 | Kn3.4b | Kn3.2b | Kn202.5m | 12.2x | 16.8x | 1.1x |
| Thu, 06 Jun 2024 | Kn3.3b | Kn3.2b | Kn202.5m | 11.7x | 16.5x | 1x |
| Sat, 04 May 2024 | Kn3.4b | Kn3.2b | Kn211.4m | 11.5x | 16x | 1.1x |
| Mon, 01 Apr 2024 | Kn3.6b | Kn3.3b | Kn202.7m | 12.6x | 17.8x | 1.1x |
| Wed, 28 Feb 2024 | Kn3.5b | Kn3.2b | Kn189.6m | 14.7x | 18.6x | 1.1x |
| Fri, 26 Jan 2024 | Kn4.0b | Kn3.6b | Kn165.1m | 15.7x | 24.1x | 1.1x |
| Sun, 24 Dec 2023 | Kn3.8b | Kn3.6b | Kn165.1m | 14x | 23x | 1x |
| Tue, 21 Nov 2023 | Kn3.7b | Kn3.6b | Kn168.9m | 14.5x | 21.9x | 1x |
| Thu, 19 Oct 2023 | Kn3.5b | Kn3.4b | Kn162.7m | 12.4x | 21.5x | 1x |
| Sat, 16 Sep 2023 | Kn3.6b | Kn3.4b | Kn162.7m | 13.3x | 22.3x | 1.1x |
| Mon, 14 Aug 2023 | Kn3.6b | Kn3.3b | Kn143.1m | 10.8x | 24.8x | 1.1x |
| Wed, 12 Jul 2023 | Kn3.1b | Kn3.1b | Kn157.2m | 13.4x | 19.9x | 1x |
| Fri, 09 Jun 2023 | Kn3.3b | Kn3.3b | Kn139.3m | 12.4x | 23.6x | 1x |
| Sun, 07 May 2023 | Kn2.9b | Kn3.0b | Kn164.5m | 14.4x | 17.8x | 1x |
| Tue, 04 Apr 2023 | Kn2.8b | Kn2.9b | Kn159.7m | 12.1x | 17.7x | 1x |
| Thu, 02 Mar 2023 | Kn2.7b | Kn2.7b | Kn218.3m | 7.4x | 12.2x | 1x |
| Sat, 28 Jan 2023 | Kn2.6b | Kn2.6b | Kn209.9m | 7.1x | 12.3x | 1x |
| Mon, 26 Dec 2022 | Kn14.1b | Kn17.0b | Kn1.6b | 6.8x | 8.7x | 0.8x |
| Wed, 23 Nov 2022 | Kn13.5b | Kn17.0b | Kn1.6b | 6x | 8.4x | 0.8x |
Price to Earnings Ratio
8.4x
Current Industry PE
- Investors are relatively neutral on the Croatian Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 17.8x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 36% per year over the last three years,
- Revenues have also declined 37% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Croatian Industrials sector?
| HR Market | 0.25% | |
| Industrials | 1.07% | |
| Industrials | 4.35% | |
| Electrical | 2.14% | |
| Infrastructure | 1.52% | |
| Construction | 0.90% | |
| Trade Distributors | 0% | 0 |
| Airlines | 0% | 0 |
| Professional Services | -1.69% | |
| Machinery | -2.96% | |
| Marine and Shipping | -5.46% | |
Industry PE
- Investors are most optimistic about the Machinery industry which is trading above its 3-year average PE ratio of 44.2x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Electrical industry, expecting annual earnings growth of 8.6% over the next 5 years.
- However this is lower than its past earnings growth rate of 48% per year.
- In contrast, the Electrical industry is expected to see its earnings grow by 8.6% 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 | |
|---|---|---|---|---|---|
| ADRS Adris grupa d. d | €120.00 | 4.3% +€79.4m | 53.8% | PE22.3x | |
| KODT Koncar - distributivni i specijalni transformatori d.d | €3.42k | 2.1% +€35.8m | 71.9% | PE13x | |
| KOEI KONCAR - Elektroindustrija d.d | €654.00 | 2.2% +€35.7m | 60.3% | PE11.5x | |
| DLKV Dalekovod d.d | €8.60 | 1.2% +€4.1m | 132.4% | PE29.4x | |
| LKRI Luka Rijeka d.d | €12.90 | 2.4% +€4.0m | 69.7% | PE17.6x |
