Header cover image

Croatian (CROBEX) Market Analysis & Valuation

UpdatedOct 29, 2024
DataAggregated Company Financials
Companies61
  • 7D0.7%
  • 3M2.1%
  • 1Y22.9%
  • YTD14.0%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector declined by 3.3%. More promisingly, the market is up 23% over the past year. As for the next few years, earnings are expected to grow by 1.0% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Oct 2024Kn26.3bKn16.4bKn1.7b17.3x15.6x1.6x
Fri, 27 Sep 2024Kn25.8bKn16.5bKn1.7b18x15.4x1.6x
Sun, 25 Aug 2024Kn25.5bKn16.4bKn1.7b18.2x15.2x1.6x
Tue, 23 Jul 2024Kn24.8bKn16.1bKn1.7b15.6x14.8x1.5x
Thu, 20 Jun 2024Kn24.8bKn16.1bKn1.7b14.7x14.8x1.5x
Sat, 18 May 2024Kn24.5bKn16.1bKn1.7b14.7x14.4x1.5x
Mon, 15 Apr 2024Kn25.1bKn16.0bKn1.6b15.2x15.3x1.6x
Wed, 13 Mar 2024Kn24.2bKn16.0bKn1.6b15.3x14.8x1.5x
Fri, 09 Feb 2024Kn24.2bKn15.4bKn1.2b15.6x19.4x1.6x
Sun, 07 Jan 2024Kn24.7bKn18.0bKn1.4b15.8x17.7x1.4x
Tue, 05 Dec 2023Kn23.6bKn17.9bKn1.4b15.5x16.9x1.3x
Thu, 02 Nov 2023Kn22.6bKn17.5bKn1.4b15.3x15.9x1.3x
Sat, 30 Sep 2023Kn22.6bKn17.3bKn1.3b16.3x16.8x1.3x
Mon, 28 Aug 2023Kn22.6bKn17.3bKn1.3b16.1x16.8x1.3x
Wed, 26 Jul 2023Kn21.8bKn17.1bKn1.4b18.9x15.9x1.3x
Fri, 23 Jun 2023Kn21.8bKn17.2bKn1.3b17.9x16.3x1.3x
Sun, 21 May 2023Kn21.0bKn16.8bKn1.3b17.7x15.6x1.2x
Tue, 18 Apr 2023Kn20.3bKn16.0bKn1.2b17.1x16.4x1.3x
Thu, 16 Mar 2023Kn20.6bKn16.5bKn1.3b16x15.8x1.2x
Sat, 11 Feb 2023Kn19.7bKn15.9bKn1.5b15.5x12.8x1.2x
Mon, 09 Jan 2023Kn19.3bKn15.9bKn1.5b14.4x12.6x1.2x
Wed, 07 Dec 2022Kn132.8bKn107.0bKn11.5b13.9x11.6x1.2x
Fri, 04 Nov 2022Kn131.4bKn105.0bKn10.8b13.9x12.1x1.3x
Sun, 02 Oct 2022Kn130.8bKn97.2bKn9.8b14.7x13.4x1.3x
Tue, 30 Aug 2022Kn135.6bKn97.1bKn9.8b14.8x13.9x1.4x
Thu, 28 Jul 2022Kn134.7bKn90.3bKn8.0b14.8x16.9x1.5x
Sat, 25 Jun 2022Kn133.9bKn90.8bKn8.0b15.1x16.7x1.5x
Mon, 23 May 2022Kn137.2bKn90.8bKn8.0b15.6x17.1x1.5x
Wed, 20 Apr 2022Kn138.7bKn87.3bKn7.1b18.3x19.4x1.6x
Fri, 18 Mar 2022Kn138.4bKn89.4bKn7.2b18.1x19.2x1.5x
Sun, 13 Feb 2022Kn140.4bKn84.6bKn6.6b14.7x21.3x1.7x
Tue, 11 Jan 2022Kn140.0bKn84.6bKn6.6b14.8x21.3x1.7x
Thu, 09 Dec 2021Kn135.2bKn84.2bKn6.6b12.6x20.6x1.6x
Sat, 06 Nov 2021Kn133.4bKn81.6bKn4.9b15.9x27.4x1.6x
Price to Earnings Ratio

27.4x


Total Market Cap: Kn133.4bTotal Earnings: Kn4.9bTotal Revenue: Kn81.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Croatian Market Price to Earnings3Y Average 16.4x202220232024
Current Market PE
  • Investors are relatively neutral on the Croatian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 16.4x.
Past Earnings Growth
  • The earnings for companies in the Croatian industry have declined 30% 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 Market0.75%
Financials2.23%
Healthcare1.77%
Industrials1.03%
Telecom0.29%
Consumer Staples0.21%
Consumer Discretionary0.17%
Real Estate0%
Materials0%
Utilities0%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Energy-0.65%
Tech-3.28%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading close to its 3-year average PE ratio of 25.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 45.5% which is higher than its past year's earnings decline of 19.8% per year.
  • The Healthcare sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings decline of 20% per year.
  • In contrast, the Industrials sector is expected to see its earnings decline by 10% 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
ZABA Zagrebacka banka d.d€20.601.5%
+€96.1m
62.2%PB2.4xFinancials
KODT Koncar - distributivni i specijalni transformatori d.d€1.94k5.4%
+€51.1m
169.4%PE10.5xIndustrials
PLAG Plava laguna d.d€324.003.8%
+€26.3m
-2.4%PE15.1xConsumer Discretionary
ADRS Adris grupa d. d€78.001.3%
+€15.7m
5.4%PE19.3xIndustrials
PDBA Podravska banka d.d€89.5017.8%
+€9.0m
188.7%PB0.8xFinancials
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

This week, we’re getting a little more technical and having a look at the qualitative factors that investors can consider when evaluating a REIT...

Latest News

HPB

€252.00

Hrvatska postanska banka d.d

7D

-2.3%

1Y

40.8%

ZABA

€20.60

Zagrebacka banka d.d

7D

1.5%

1Y

62.2%

INA

€446.00

INA-Industrija nafte d.d

7D

-3.9%

1Y

-7.1%

PODR

€153.50

Podravka d.d

7D

-1.0%

1Y

14.6%

ATPL

€50.00

Atlantska Plovidba d.d

7D

3.7%

1Y

-1.2%

VLEN

€4.32

Brodogradiliste Viktor Lenac d.d

7D

-7.3%

1Y

36.7%

ERNT

€181.00

Ericsson Nikola Tesla d.d

7D

-6.2%

1Y

-10.4%

JNAF

€835.00

Jadranski naftovod d.d

7D

0.6%

1Y

4.4%

PLAG

€324.00

Plava laguna d.d

7D

3.8%

1Y

-2.4%

ADRS

€78.00

Adris grupa d. d

7D

1.3%

1Y

5.4%

KRAS

€119.00

Kras d.d

7D

2.6%

1Y

32.2%

AUHR

€210.00

Auto Hrvatska d.d

7D

-4.5%

1Y

28.0%