Zagrebacka banka d.d (ZGSE:ZABA) Has Announced A Dividend Of €1.40
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Croatian (CROBEX) Market Analysis & Valuation
UpdatedFeb 23, 2025
DataAggregated Company Financials
Companies59
- 7D1.0%
- 3M10.4%
- 1Y21.4%
- YTD4.9%
The market has climbed 1.0% in the last 7 days, lead by the Communication Services sector with a gain of 4.6%. The market is up 21% over the last 12 months. As for the next few years, earnings are expected to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Sun, 23 Feb 2025 | Kn30.3b | Kn16.6b | Kn1.8b | 15.5x | 16.9x | 1.8x |
| Tue, 21 Jan 2025 | Kn30.5b | Kn16.7b | Kn1.8b | 15x | 16.9x | 1.8x |
| Thu, 19 Dec 2024 | Kn29.3b | Kn16.7b | Kn1.8b | 15.4x | 16.3x | 1.8x |
| Sat, 16 Nov 2024 | Kn27.5b | Kn16.6b | Kn1.8b | 15.7x | 15.4x | 1.7x |
| Mon, 14 Oct 2024 | Kn25.9b | Kn16.4b | Kn1.7b | 17.9x | 15.5x | 1.6x |
| Wed, 11 Sep 2024 | Kn25.7b | Kn16.4b | Kn1.7b | 18.3x | 15.3x | 1.6x |
| Fri, 09 Aug 2024 | Kn25.4b | Kn16.5b | Kn1.7b | 17.4x | 15.1x | 1.5x |
| Sun, 07 Jul 2024 | Kn24.5b | Kn16.1b | Kn1.7b | 14.7x | 14.6x | 1.5x |
| Tue, 04 Jun 2024 | Kn24.6b | Kn16.1b | Kn1.7b | 14.7x | 14.6x | 1.5x |
| Thu, 02 May 2024 | Kn24.5b | Kn16.2b | Kn1.7b | 14.8x | 14.3x | 1.5x |
| Sat, 30 Mar 2024 | Kn24.9b | Kn16.0b | Kn1.6b | 15x | 15.2x | 1.6x |
| Mon, 26 Feb 2024 | Kn24.9b | Kn15.4b | Kn1.5b | 15.1x | 16.6x | 1.6x |
| Wed, 24 Jan 2024 | Kn25.4b | Kn18.0b | Kn1.4b | 16.1x | 18.2x | 1.4x |
| Fri, 22 Dec 2023 | Kn24.2b | Kn17.9b | Kn1.4b | 15.4x | 17.3x | 1.4x |
| Sun, 19 Nov 2023 | Kn22.9b | Kn17.9b | Kn1.4b | 16x | 16.4x | 1.3x |
| Tue, 17 Oct 2023 | Kn22.3b | Kn17.3b | Kn1.3b | 16.3x | 16.5x | 1.3x |
| Thu, 14 Sep 2023 | Kn22.7b | Kn17.3b | Kn1.3b | 15.5x | 16.8x | 1.3x |
| Sat, 12 Aug 2023 | Kn22.4b | Kn17.2b | Kn1.3b | 16.8x | 17x | 1.3x |
| Mon, 10 Jul 2023 | Kn21.5b | Kn17.0b | Kn1.4b | 18.1x | 15.8x | 1.3x |
| Wed, 07 Jun 2023 | Kn21.9b | Kn17.3b | Kn1.3b | 17.2x | 16.4x | 1.3x |
| Fri, 05 May 2023 | Kn20.7b | Kn16.3b | Kn1.2b | 16.2x | 17.7x | 1.3x |
| Sun, 02 Apr 2023 | Kn20.7b | Kn16.2b | Kn1.3b | 16.3x | 16.5x | 1.3x |
| Tue, 28 Feb 2023 | Kn20.6b | Kn16.2b | Kn1.4b | 16.1x | 15x | 1.3x |
| Thu, 26 Jan 2023 | Kn19.5b | Kn15.6b | Kn1.5b | 14.8x | 13x | 1.3x |
| Sat, 24 Dec 2022 | Kn134.0b | Kn107.0b | Kn11.5b | 13.8x | 11.7x | 1.3x |
| Mon, 21 Nov 2022 | Kn132.8b | Kn107.0b | Kn11.5b | 13.5x | 11.6x | 1.2x |
| Wed, 19 Oct 2022 | Kn132.2b | Kn97.4b | Kn9.9b | 14.7x | 13.4x | 1.4x |
| Fri, 16 Sep 2022 | Kn133.8b | Kn97.1b | Kn9.8b | 14.7x | 13.7x | 1.4x |
| Sun, 14 Aug 2022 | Kn135.4b | Kn97.1b | Kn9.8b | 14.8x | 13.8x | 1.4x |
| Tue, 12 Jul 2022 | Kn134.4b | Kn90.1b | Kn8.0b | 14.8x | 16.9x | 1.5x |
| Thu, 09 Jun 2022 | Kn138.4b | Kn90.8b | Kn8.0b | 15.5x | 17.3x | 1.5x |
| Sat, 07 May 2022 | Kn137.7b | Kn90.8b | Kn8.0b | 16.4x | 17.1x | 1.5x |
| Mon, 04 Apr 2022 | Kn138.5b | Kn89.7b | Kn7.1b | 17.6x | 19.5x | 1.5x |
| Wed, 02 Mar 2022 | Kn135.2b | Kn88.0b | Kn7.0b | 14.8x | 19.3x | 1.5x |
Price to Earnings Ratio
19.3x
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 15.7x.
Past Earnings Growth
- The earnings for companies in the Croatian industry have declined 36% per year over the last three years.
- Revenues have also declined 43% 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 | 1.04% | |
| Telecom | 4.60% | |
| Healthcare | 3.70% | |
| Industrials | 1.62% | |
| Financials | 0.75% | |
| Tech | 0.56% | |
| Energy | 0.56% | |
| Real Estate | 0% | 0 |
| Materials | 0% | 0 |
| Utilities | 0% | 0 |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Consumer Staples | -0.10% | |
| Consumer Discretionary | -1.10% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 20.3x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Healthcare sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.1x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 1.0% per year.
- In contrast, the Tech sector is expected to see its earnings grow by 4.3% 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 | |
|---|---|---|---|---|---|---|
| HT Hrvatski Telekom d.d | €45.50 | 4.6% +€154.4m | 64.3% | PE24.7x | Telecom | |
| ADRS Adris grupa d. d | €89.00 | 6.0% +€79.1m | 8.5% | PE19.2x | Industrials | |
| ZABA Zagrebacka banka d.d | €27.50 | 0.7% +€64.0m | 46.3% | PB3.1x | Financials | |
| KODT Koncar - distributivni i specijalni transformatori d.d | €2.38k | 3.5% +€40.9m | 91.9% | PE11.3x | Industrials | |
| JNAF Jadranski naftovod d.d | €800.00 | 3.9% +€30.2m | -9.1% | PE20.3x | Energy |
