Solid Earnings May Not Tell The Whole Story For Luka Rijeka d.d (ZGSE:LKRI)
Nov 07
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Croatian (CROBEX) Industrials Sector Analysis
UpdatedNov 07, 2025
DataAggregated Company Financials
Companies15
- 7D-2.2%
- 3M7.3%
- 1Y83.1%
- YTD69.9%
Over the last 7 days, the Industrials industry has dropped 2.2%, driven by pullbacks in Koncar - distributivni i specijalni transformatori d.d and KONCAR - Elektroindustrija d.d of 5.6% and 5.6%, respectively. This takes the industry's 12 month performance to a gain of 83%. 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 |
|---|---|---|---|---|---|---|
| Sat, 08 Nov 2025 | Kn8.1b | Kn4.2b | Kn426.2m | 20.1x | 18.9x | 1.9x |
| Mon, 06 Oct 2025 | Kn8.2b | Kn4.0b | Kn419.1m | 19.3x | 19.5x | 2x |
| Wed, 03 Sep 2025 | Kn7.6b | Kn3.9b | Kn402.1m | 19.4x | 19x | 2x |
| Fri, 01 Aug 2025 | Kn7.4b | Kn3.9b | Kn405.0m | 19.6x | 18.2x | 1.9x |
| Sun, 29 Jun 2025 | Kn6.6b | Kn3.9b | Kn395.4m | 13.7x | 16.8x | 1.7x |
| Tue, 27 May 2025 | Kn6.5b | Kn3.9b | Kn395.1m | 12.7x | 16.3x | 1.7x |
| Thu, 24 Apr 2025 | Kn5.8b | Kn3.7b | Kn347.4m | 11.7x | 16.8x | 1.6x |
| Sat, 22 Mar 2025 | Kn5.8b | Kn3.7b | Kn346.4m | 11.5x | 16.7x | 1.6x |
| Mon, 17 Feb 2025 | Kn5.0b | Kn3.4b | Kn303.9m | 15.2x | 16.4x | 1.4x |
| Wed, 15 Jan 2025 | Kn5.1b | Kn3.5b | Kn298.2m | 16.6x | 17.2x | 1.5x |
| Fri, 13 Dec 2024 | Kn4.5b | Kn3.5b | Kn298.2m | 14.4x | 15.2x | 1.3x |
| Sun, 10 Nov 2024 | Kn4.5b | Kn3.5b | Kn299.6m | 14.8x | 14.9x | 1.3x |
| Tue, 08 Oct 2024 | Kn4.4b | Kn3.4b | Kn259.5m | 17.2x | 17.1x | 1.3x |
| Thu, 05 Sep 2024 | Kn4.5b | Kn3.4b | Kn256.3m | 18x | 17.4x | 1.3x |
| Sat, 03 Aug 2024 | Kn3.7b | Kn3.4b | Kn249.9m | 9.7x | 14.9x | 1.1x |
| Mon, 01 Jul 2024 | Kn3.4b | Kn3.2b | Kn202.5m | 12.1x | 16.9x | 1.1x |
| Wed, 29 May 2024 | Kn3.4b | Kn3.2b | Kn214.5m | 11.9x | 15.7x | 1x |
| Fri, 26 Apr 2024 | Kn3.7b | Kn3.3b | Kn199.2m | 14.1x | 18.7x | 1.1x |
| Sun, 24 Mar 2024 | Kn3.6b | Kn3.3b | Kn202.7m | 12.9x | 17.8x | 1.1x |
| Tue, 20 Feb 2024 | Kn3.3b | Kn3.1b | Kn163.1m | 16.1x | 20.4x | 1.1x |
| Thu, 18 Jan 2024 | Kn4.0b | Kn3.6b | Kn165.1m | 15.3x | 24x | 1.1x |
| Sat, 16 Dec 2023 | Kn3.8b | Kn3.6b | Kn165.1m | 13.9x | 23x | 1x |
| Mon, 13 Nov 2023 | Kn3.7b | Kn3.6b | Kn166.6m | 13.5x | 22.1x | 1x |
| Wed, 11 Oct 2023 | Kn3.6b | Kn3.4b | Kn162.7m | 12.5x | 21.9x | 1x |
| Fri, 08 Sep 2023 | Kn3.6b | Kn3.4b | Kn163.5m | 13.5x | 22.1x | 1.1x |
| Sun, 06 Aug 2023 | Kn3.6b | Kn3.3b | Kn140.9m | 14.2x | 25.3x | 1.1x |
| Tue, 04 Jul 2023 | Kn3.2b | Kn3.1b | Kn156.8m | 14x | 20.2x | 1x |
| Thu, 01 Jun 2023 | Kn3.3b | Kn3.3b | Kn139.5m | 12.1x | 23.4x | 1x |
| Sat, 29 Apr 2023 | Kn2.9b | Kn3.0b | Kn156.8m | 12.5x | 18.6x | 1x |
| Mon, 27 Mar 2023 | Kn2.8b | Kn3.0b | Kn161.3m | 12.1x | 17.5x | 1x |
| Wed, 22 Feb 2023 | Kn2.6b | Kn2.6b | Kn213.7m | 7.1x | 12x | 1x |
| Fri, 20 Jan 2023 | Kn2.5b | Kn2.6b | Kn210.9m | 6.9x | 11.9x | 1x |
| Sun, 18 Dec 2022 | Kn14.0b | Kn17.0b | Kn1.6b | 6.2x | 8.7x | 0.8x |
| Tue, 15 Nov 2022 | Kn13.4b | Kn17.0b | Kn1.6b | 6.2x | 8.3x | 0.8x |
Price to Earnings Ratio
8.3x
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 17.7x.
- The 3-year average PS ratio of 1.2x 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 | -0.91% | |
| Industrials | -2.25% | |
| Infrastructure | 0.093% | |
| Trade Distributors | 0% | 0 |
| Airlines | 0% | 0 |
| Professional Services | -0.87% | |
| Construction | -1.53% | |
| Industrials | -1.67% | |
| Marine and Shipping | -1.98% | |
| Machinery | -2.07% | |
| Electrical | -3.04% | |
Industry PE
- Investors are most optimistic about the Machinery industry which is trading above its 3-year average PE ratio of 43.0x.
- 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 | |
|---|---|---|---|---|---|
| DDJH Ðuro Ðakovic Grupa d.d | €65.00 | 3.2% +€56.6m | 319.4% | PE187.1x | |
| LKPC Luka Ploce d.d | €160.00 | 4.6% +€2.9m | 31.1% | PE23.3x | |
| IGH Institut IGH d.d | €14.60 | 13.2% +€2.5m | -33.0% | PS1.3x | |
| BSQR BOSQAR d.d | €23.60 | 0.9% +€2.4m | 0% | PE53x | |
| VLEN Brodogradiliste Viktor Lenac d.d | €3.94 | 1.5% +€959.3k | -9.2% | PE27.5x |
