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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 30 Oct 2024 | Kn26.3b | Kn16.4b | Kn1.7b | 17.3x | 15.6x | 1.6x |
| Fri, 27 Sep 2024 | Kn25.8b | Kn16.5b | Kn1.7b | 18x | 15.4x | 1.6x |
| Sun, 25 Aug 2024 | Kn25.5b | Kn16.4b | Kn1.7b | 18.2x | 15.2x | 1.6x |
| Tue, 23 Jul 2024 | Kn24.8b | Kn16.1b | Kn1.7b | 15.6x | 14.8x | 1.5x |
| Thu, 20 Jun 2024 | Kn24.8b | Kn16.1b | Kn1.7b | 14.7x | 14.8x | 1.5x |
| Sat, 18 May 2024 | Kn24.5b | Kn16.1b | Kn1.7b | 14.7x | 14.4x | 1.5x |
| Mon, 15 Apr 2024 | Kn25.1b | Kn16.0b | Kn1.6b | 15.2x | 15.3x | 1.6x |
| Wed, 13 Mar 2024 | Kn24.2b | Kn16.0b | Kn1.6b | 15.3x | 14.8x | 1.5x |
| Fri, 09 Feb 2024 | Kn24.2b | Kn15.4b | Kn1.2b | 15.6x | 19.4x | 1.6x |
| Sun, 07 Jan 2024 | Kn24.7b | Kn18.0b | Kn1.4b | 15.8x | 17.7x | 1.4x |
| Tue, 05 Dec 2023 | Kn23.6b | Kn17.9b | Kn1.4b | 15.5x | 16.9x | 1.3x |
| Thu, 02 Nov 2023 | Kn22.6b | Kn17.5b | Kn1.4b | 15.3x | 15.9x | 1.3x |
| Sat, 30 Sep 2023 | Kn22.6b | Kn17.3b | Kn1.3b | 16.3x | 16.8x | 1.3x |
| Mon, 28 Aug 2023 | Kn22.6b | Kn17.3b | Kn1.3b | 16.1x | 16.8x | 1.3x |
| Wed, 26 Jul 2023 | Kn21.8b | Kn17.1b | Kn1.4b | 18.9x | 15.9x | 1.3x |
| Fri, 23 Jun 2023 | Kn21.8b | Kn17.2b | Kn1.3b | 17.9x | 16.3x | 1.3x |
| Sun, 21 May 2023 | Kn21.0b | Kn16.8b | Kn1.3b | 17.7x | 15.6x | 1.2x |
| Tue, 18 Apr 2023 | Kn20.3b | Kn16.0b | Kn1.2b | 17.1x | 16.4x | 1.3x |
| Thu, 16 Mar 2023 | Kn20.6b | Kn16.5b | Kn1.3b | 16x | 15.8x | 1.2x |
| Sat, 11 Feb 2023 | Kn19.7b | Kn15.9b | Kn1.5b | 15.5x | 12.8x | 1.2x |
| Mon, 09 Jan 2023 | Kn19.3b | Kn15.9b | Kn1.5b | 14.4x | 12.6x | 1.2x |
| Wed, 07 Dec 2022 | Kn132.8b | Kn107.0b | Kn11.5b | 13.9x | 11.6x | 1.2x |
| Fri, 04 Nov 2022 | Kn131.4b | Kn105.0b | Kn10.8b | 13.9x | 12.1x | 1.3x |
| Sun, 02 Oct 2022 | Kn130.8b | Kn97.2b | Kn9.8b | 14.7x | 13.4x | 1.3x |
| Tue, 30 Aug 2022 | Kn135.6b | Kn97.1b | Kn9.8b | 14.8x | 13.9x | 1.4x |
| Thu, 28 Jul 2022 | Kn134.7b | Kn90.3b | Kn8.0b | 14.8x | 16.9x | 1.5x |
| Sat, 25 Jun 2022 | Kn133.9b | Kn90.8b | Kn8.0b | 15.1x | 16.7x | 1.5x |
| Mon, 23 May 2022 | Kn137.2b | Kn90.8b | Kn8.0b | 15.6x | 17.1x | 1.5x |
| Wed, 20 Apr 2022 | Kn138.7b | Kn87.3b | Kn7.1b | 18.3x | 19.4x | 1.6x |
| Fri, 18 Mar 2022 | Kn138.4b | Kn89.4b | Kn7.2b | 18.1x | 19.2x | 1.5x |
| Sun, 13 Feb 2022 | Kn140.4b | Kn84.6b | Kn6.6b | 14.7x | 21.3x | 1.7x |
| Tue, 11 Jan 2022 | Kn140.0b | Kn84.6b | Kn6.6b | 14.8x | 21.3x | 1.7x |
| Thu, 09 Dec 2021 | Kn135.2b | Kn84.2b | Kn6.6b | 12.6x | 20.6x | 1.6x |
| Sat, 06 Nov 2021 | Kn133.4b | Kn81.6b | Kn4.9b | 15.9x | 27.4x | 1.6x |
Price to Earnings Ratio
27.4x
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 Market | 0.75% | |
| Financials | 2.23% | |
| Healthcare | 1.77% | |
| Industrials | 1.03% | |
| Telecom | 0.29% | |
| Consumer Staples | 0.21% | |
| Consumer Discretionary | 0.17% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Utilities | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ZABA Zagrebacka banka d.d | €20.60 | 1.5% +€96.1m | 62.2% | PB2.4x | Financials | |
| KODT Koncar - distributivni i specijalni transformatori d.d | €1.94k | 5.4% +€51.1m | 169.4% | PE10.5x | Industrials | |
| PLAG Plava laguna d.d | €324.00 | 3.8% +€26.3m | -2.4% | PE15.1x | Consumer Discretionary | |
| ADRS Adris grupa d. d | €78.00 | 1.3% +€15.7m | 5.4% | PE19.3x | Industrials | |
| PDBA Podravska banka d.d | €89.50 | 17.8% +€9.0m | 188.7% | PB0.8x | Financials |
