Plava laguna d.d's (ZGSE:PLAG) Shareholders Have More To Worry About Than Only Soft Earnings
May 13
Croatian (CROBEX) Market Analysis & Valuation
UpdatedJun 17, 2024
DataAggregated Company Financials
Companies63
- 7D0.3%
- 3M3.6%
- 1Y25.3%
- YTD10.8%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Meanwhile, the market is actually up 25% over the past year. In the next few years earnings are forecast to be pretty stable.
Market Valuation and Performance
Has the Croatian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 17 Jun 2024 | Kn24.8b | Kn16.1b | Kn1.7b | 14.5x | 14.8x | 1.5x |
| Wed, 15 May 2024 | Kn24.4b | Kn16.1b | Kn1.7b | 14.8x | 14.4x | 1.5x |
| Fri, 12 Apr 2024 | Kn25.0b | Kn16.0b | Kn1.6b | 15.1x | 15.3x | 1.6x |
| Sun, 10 Mar 2024 | Kn24.5b | Kn16.0b | Kn1.6b | 16.1x | 15x | 1.5x |
| Tue, 06 Feb 2024 | Kn24.3b | Kn15.4b | Kn1.2b | 15.6x | 19.5x | 1.6x |
| Thu, 04 Jan 2024 | Kn24.6b | Kn18.0b | Kn1.4b | 15.6x | 17.7x | 1.4x |
| Sat, 02 Dec 2023 | Kn23.4b | Kn17.9b | Kn1.4b | 15.5x | 16.8x | 1.3x |
| Mon, 30 Oct 2023 | Kn22.6b | Kn17.4b | Kn1.4b | 15.3x | 16.7x | 1.3x |
| Wed, 27 Sep 2023 | Kn22.9b | Kn17.3b | Kn1.3b | 16.3x | 17.1x | 1.3x |
| Fri, 25 Aug 2023 | Kn22.6b | Kn17.3b | Kn1.3b | 16.2x | 16.8x | 1.3x |
| Sun, 23 Jul 2023 | Kn21.8b | Kn17.0b | Kn1.4b | 18.3x | 16x | 1.3x |
| Tue, 20 Jun 2023 | Kn21.7b | Kn17.2b | Kn1.3b | 18x | 16.2x | 1.3x |
| Thu, 18 May 2023 | Kn20.7b | Kn16.3b | Kn1.2b | 18.7x | 17.2x | 1.3x |
| Sat, 15 Apr 2023 | Kn20.3b | Kn16.0b | Kn1.2b | 17.2x | 16.5x | 1.3x |
| Mon, 13 Mar 2023 | Kn20.8b | Kn16.3b | Kn1.3b | 16.7x | 16.1x | 1.3x |
| Wed, 08 Feb 2023 | Kn19.7b | Kn15.8b | Kn1.5b | 15.6x | 12.9x | 1.2x |
| Fri, 06 Jan 2023 | Kn19.3b | Kn16.0b | Kn1.6b | 14.2x | 12.4x | 1.2x |
| Sun, 04 Dec 2022 | Kn133.0b | Kn107.0b | Kn11.5b | 13.5x | 11.6x | 1.2x |
| Tue, 01 Nov 2022 | Kn131.9b | Kn104.4b | Kn9.9b | 14.7x | 13.3x | 1.3x |
| Thu, 29 Sep 2022 | Kn131.3b | Kn97.2b | Kn9.8b | 14.7x | 13.4x | 1.4x |
| Sat, 27 Aug 2022 | Kn136.0b | Kn97.1b | Kn9.8b | 14.8x | 13.9x | 1.4x |
| Mon, 25 Jul 2022 | Kn134.4b | Kn90.2b | Kn8.0b | 14.8x | 16.9x | 1.5x |
| Wed, 22 Jun 2022 | Kn133.5b | Kn90.8b | Kn8.0b | 15.2x | 16.7x | 1.5x |
| Fri, 20 May 2022 | Kn137.2b | Kn90.8b | Kn8.0b | 16.3x | 17.1x | 1.5x |
| Sun, 17 Apr 2022 | Kn138.8b | Kn87.5b | Kn7.1b | 18.3x | 19.4x | 1.6x |
| Tue, 15 Mar 2022 | Kn137.1b | Kn89.4b | Kn7.2b | 16.5x | 19x | 1.5x |
| Thu, 10 Feb 2022 | Kn140.6b | Kn84.6b | Kn6.6b | 14.2x | 21.4x | 1.7x |
| Sat, 08 Jan 2022 | Kn140.1b | Kn84.6b | Kn6.6b | 14.8x | 21.3x | 1.7x |
| Mon, 06 Dec 2021 | Kn134.9b | Kn84.2b | Kn6.6b | 12.6x | 20.5x | 1.6x |
| Wed, 03 Nov 2021 | Kn133.4b | Kn78.1b | Kn3.8b | 17x | 35.6x | 1.7x |
| Fri, 01 Oct 2021 | Kn134.1b | Kn77.7b | Kn3.7b | 16.4x | 36.5x | 1.7x |
| Sun, 29 Aug 2021 | Kn132.2b | Kn77.8b | Kn3.3b | 14.4x | 39.9x | 1.7x |
| Mon, 05 Jul 2021 | Kn131.4b | Kn77.8b | Kn3.3b | 14.4x | 39.6x | 1.7x |
Price to Earnings Ratio
39.6x
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 14.8x which is lower than its 3-year average PE of 19.0x.
Past Earnings Growth
- The earnings for companies in the Croatian industry have declined 20% per year over the last three years.
- Revenues have also declined 41% 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 Market | 0.29% | |
| Consumer Discretionary | 0.95% | |
| Industrials | 0.90% | |
| Telecom | 0.67% | |
| Financials | 0.47% | |
| Energy | 0% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Utilities | 0% | |
| Tech | -0.99% | |
| Consumer Staples | -1.51% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 19.3x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 78.7%, which is higher than its past year's earnings growth of 21.5% per year.
- The Healthcare sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 9.1x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 79% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Industrials sector is expected to see its earnings decline by 6.8% 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 | Sector | |
|---|---|---|---|---|---|---|
| ZABA Zagrebacka banka d.d | €18.00 | 0.8% +€48.0m | 50.6% | PB2x | Financials | |
| PLAG Plava laguna d.d | €378.00 | 2.7% +€22.0m | 26.8% | PE17.6x | Consumer Discretionary | |
| HT Hrvatski Telekom d.d | €29.90 | 0.7% +€15.4m | 18.7% | PE17.5x | Telecom | |
| KODT Koncar - distributivni i specijalni transformatori d.d | €1.59k | 1.3% +€10.2m | 169.5% | PE11.7x | Industrials | |
| BSQR Meritus ulaganja d.d | €220.00 | 4.8% +€9.8m | n/a | PE31.6x | Industrials |
