Calculating The Fair Value Of Adris grupa d. d. (ZGSE:ADRS)
Sep 18
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Croatian (CROBEX) Industrials Sector Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies15
- 7D4.5%
- 3M32.1%
- 1Y87.6%
- YTD77.8%
In the last week, the Industrials industry is up 4.5%, with Ðuro Ðakovic Grupa d.d up 38%. In the same time, KONCAR - Elektroindustrija d.d was down 6.8%. In the last 12 months, the industry was up 88%. Earnings are forecast to grow by 7.9% 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 |
|---|---|---|---|---|---|---|
| Thu, 18 Sep 2025 | Kn8.5b | Kn4.0b | Kn419.1m | 20.4x | 20.2x | 2.1x |
| Sat, 16 Aug 2025 | Kn7.6b | Kn3.9b | Kn402.1m | 17.5x | 18.9x | 1.9x |
| Mon, 14 Jul 2025 | Kn6.9b | Kn3.9b | Kn395.4m | 16.3x | 17.4x | 1.8x |
| Wed, 11 Jun 2025 | Kn6.4b | Kn3.9b | Kn395.4m | 13.1x | 16.3x | 1.7x |
| Fri, 09 May 2025 | Kn6.2b | Kn3.9b | Kn393.9m | 12.5x | 15.8x | 1.6x |
| Sun, 06 Apr 2025 | Kn5.5b | Kn3.7b | Kn346.4m | 10.9x | 15.8x | 1.5x |
| Tue, 04 Mar 2025 | Kn4.9b | Kn3.5b | Kn312.2m | 14.9x | 15.6x | 1.4x |
| Thu, 30 Jan 2025 | Kn5.1b | Kn3.4b | Kn303.9m | 16.5x | 16.8x | 1.5x |
| Sat, 28 Dec 2024 | Kn4.6b | Kn3.5b | Kn298.2m | 14.6x | 15.4x | 1.3x |
| Mon, 25 Nov 2024 | Kn4.5b | Kn3.5b | Kn298.2m | 15.8x | 15.1x | 1.3x |
| Wed, 23 Oct 2024 | Kn4.5b | Kn3.4b | Kn259.5m | 17.5x | 17.5x | 1.3x |
| Fri, 20 Sep 2024 | Kn4.6b | Kn3.4b | Kn259.5m | 17.7x | 17.6x | 1.3x |
| Sun, 18 Aug 2024 | Kn4.4b | Kn3.4b | Kn256.3m | 15x | 17.1x | 1.3x |
| Tue, 16 Jul 2024 | Kn3.5b | Kn3.2b | Kn202.5m | 12.5x | 17.4x | 1.1x |
| Thu, 13 Jun 2024 | Kn3.4b | Kn3.2b | Kn202.5m | 12.2x | 16.7x | 1.1x |
| Sat, 11 May 2024 | Kn3.4b | Kn3.2b | Kn214.6m | 11.5x | 15.7x | 1x |
| Mon, 08 Apr 2024 | Kn3.6b | Kn3.3b | Kn202.7m | 13x | 17.9x | 1.1x |
| Wed, 06 Mar 2024 | Kn3.5b | Kn3.3b | Kn208.4m | 12.2x | 16.9x | 1.1x |
| Fri, 02 Feb 2024 | Kn4.0b | Kn3.6b | Kn165.1m | 16.1x | 24.5x | 1.1x |
| Sun, 31 Dec 2023 | Kn3.8b | Kn3.6b | Kn165.1m | 13.9x | 22.9x | 1x |
| Tue, 28 Nov 2023 | Kn3.7b | Kn3.6b | Kn168.9m | 14.1x | 22.1x | 1x |
| Thu, 26 Oct 2023 | Kn3.5b | Kn3.4b | Kn162.7m | 12.3x | 21.4x | 1x |
| Sat, 23 Sep 2023 | Kn3.6b | Kn3.4b | Kn162.7m | 13.1x | 22.1x | 1.1x |
| Mon, 21 Aug 2023 | Kn3.6b | Kn3.4b | Kn163.5m | 12.9x | 21.9x | 1.1x |
| Wed, 19 Jul 2023 | Kn3.3b | Kn3.1b | Kn157.2m | 15.7x | 20.8x | 1x |
| Fri, 16 Jun 2023 | Kn3.4b | Kn3.3b | Kn139.0m | 12.7x | 24.1x | 1x |
| Sun, 14 May 2023 | Kn2.9b | Kn3.0b | Kn165.8m | 14.2x | 17.7x | 1x |
| Tue, 11 Apr 2023 | Kn2.8b | Kn2.9b | Kn159.2m | 12.3x | 17.9x | 1x |
| Thu, 09 Mar 2023 | Kn2.7b | Kn2.9b | Kn160.1m | 11.5x | 16.9x | 0.9x |
| Sat, 04 Feb 2023 | Kn2.6b | Kn2.6b | Kn211.1m | 7.1x | 12.2x | 1x |
| Mon, 02 Jan 2023 | Kn3.2b | Kn3.5b | Kn180.4m | 6.7x | 17.7x | 0.9x |
| Wed, 30 Nov 2022 | Kn13.6b | Kn17.0b | Kn1.6b | 6.1x | 8.5x | 0.8x |
| Fri, 28 Oct 2022 | Kn13.6b | Kn15.8b | Kn1.5b | 8.6x | 9x | 0.9x |
| Sun, 25 Sep 2022 | Kn13.8b | Kn15.8b | Kn1.5b | 8.8x | 9.1x | 0.9x |
Price to Earnings Ratio
9.1x
Current Industry PE
- Investors are optimistic on the Croatian Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 20.2x which is higher than its 3-year average PE of 17.2x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 35% per year over the last three years,
- Revenues have also declined 36% 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 | 2.01% | |
| Industrials | 4.48% | |
| Machinery | 36.75% | |
| Marine and Shipping | 8.84% | |
| Professional Services | 3.67% | |
| Infrastructure | 1.84% | |
| Construction | 0.053% | |
| Trade Distributors | 0% | 0 |
| Airlines | 0% | 0 |
| Industrials | -3.33% | |
| Electrical | -3.79% | |
Industry PE
- Investors are most optimistic about the Machinery industry which is trading above its 3-year average PE ratio of 36.9x.
- 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 7.9% over the next 5 years.
- However this is lower than its past earnings growth rate of 78% per year.
- In contrast, the Electrical industry is expected to see its earnings grow by 7.9% 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 | |
|---|---|---|---|---|---|
| DDJH Ðuro Ðakovic Grupa d.d | €64.00 | 16.4% +€254.7m | 146.2% | PE184.2x | |
| BSQR BOSQAR d.d | €22.60 | 3.7% +€9.4m | -11.7% | PE37.1x | |
| IG ING-GRAD d.d | €55.00 | 3.0% +€6.3m | n/a | PE10.5x | |
| LKPC Luka Ploce d.d | €160.00 | 6.0% +€3.8m | 6.7% | PE21.2x | |
| VLEN Brodogradiliste Viktor Lenac d.d | €4.58 | 5.0% +€3.5m | 0% | PE21x |
