We Like These Underlying Return On Capital Trends At Liburnia Riviera Hoteli d.d (ZGSE:LRH)
May 23
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Croatian (CROBEX) Market Analysis & Valuation
UpdatedMay 25, 2025
DataAggregated Company Financials
Companies60
- 7D-4.2%
- 3M-3.0%
- 1Y17.0%
- YTD1.3%
Over the last 7 days, the market has dropped 4.2%, driven by a decline of 8.5% in the Financials sector. In contrast to the last week, the market is actually up 17% over the past year. Earnings are forecast to grow by 1.4% annually.
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, 25 May 2025 | Kn29.5b | Kn17.5b | Kn1.9b | 14.8x | 15.6x | 1.7x |
| Tue, 22 Apr 2025 | Kn29.3b | Kn17.0b | Kn1.8b | 14.5x | 16.6x | 1.7x |
| Thu, 20 Mar 2025 | Kn30.5b | Kn17.1b | Kn1.8b | 14.9x | 17.3x | 1.8x |
| Sat, 15 Feb 2025 | Kn30.0b | Kn16.6b | Kn1.8b | 15.2x | 16.7x | 1.8x |
| Mon, 13 Jan 2025 | Kn30.0b | Kn16.7b | Kn1.8b | 15.1x | 16.7x | 1.8x |
| Wed, 11 Dec 2024 | Kn28.3b | Kn16.7b | Kn1.8b | 14.3x | 15.7x | 1.7x |
| Fri, 08 Nov 2024 | Kn26.5b | Kn16.6b | Kn1.8b | 15.6x | 14.8x | 1.6x |
| Sun, 06 Oct 2024 | Kn25.7b | Kn16.5b | Kn1.7b | 18.1x | 15.3x | 1.6x |
| Tue, 03 Sep 2024 | Kn25.6b | Kn16.4b | Kn1.7b | 18.1x | 15.3x | 1.6x |
| Thu, 01 Aug 2024 | Kn25.1b | Kn16.3b | Kn1.7b | 15.7x | 14.5x | 1.5x |
| Sat, 29 Jun 2024 | Kn24.6b | Kn16.1b | Kn1.7b | 14.9x | 14.6x | 1.5x |
| Mon, 27 May 2024 | Kn24.6b | Kn16.1b | Kn1.7b | 14.7x | 14.5x | 1.5x |
| Wed, 24 Apr 2024 | Kn24.6b | Kn16.0b | Kn1.6b | 15.2x | 15.1x | 1.5x |
| Fri, 22 Mar 2024 | Kn24.8b | Kn16.0b | Kn1.6b | 15x | 15.2x | 1.5x |
| Sun, 18 Feb 2024 | Kn24.6b | Kn15.4b | Kn1.5b | 15.5x | 16.8x | 1.6x |
| Tue, 16 Jan 2024 | Kn25.0b | Kn18.0b | Kn1.4b | 16.2x | 17.9x | 1.4x |
| Thu, 14 Dec 2023 | Kn23.9b | Kn17.9b | Kn1.4b | 15.5x | 17.1x | 1.3x |
| Sat, 11 Nov 2023 | Kn22.9b | Kn17.9b | Kn1.4b | 15.4x | 16.4x | 1.3x |
| Mon, 09 Oct 2023 | Kn22.5b | Kn17.3b | Kn1.3b | 16.3x | 16.7x | 1.3x |
| Wed, 06 Sep 2023 | Kn22.5b | Kn17.3b | Kn1.3b | 15.6x | 16.7x | 1.3x |
| Fri, 04 Aug 2023 | Kn22.5b | Kn17.1b | Kn1.3b | 18.6x | 17.2x | 1.3x |
| Sun, 02 Jul 2023 | Kn21.4b | Kn17.0b | Kn1.4b | 17.9x | 15.8x | 1.3x |
| Tue, 30 May 2023 | Kn21.6b | Kn17.0b | Kn1.3b | 18.2x | 16.2x | 1.3x |
| Thu, 27 Apr 2023 | Kn20.4b | Kn15.9b | Kn1.2b | 18.5x | 16.5x | 1.3x |
| Sat, 25 Mar 2023 | Kn20.5b | Kn16.2b | Kn1.3b | 17x | 16x | 1.3x |
| Mon, 20 Feb 2023 | Kn19.9b | Kn16.1b | Kn1.4b | 15.6x | 14.4x | 1.2x |
| Wed, 18 Jan 2023 | Kn19.3b | Kn15.7b | Kn1.5b | 14.8x | 12.7x | 1.2x |
| Fri, 16 Dec 2022 | Kn134.8b | Kn107.0b | Kn11.5b | 13.9x | 11.7x | 1.3x |
| Sun, 13 Nov 2022 | Kn131.1b | Kn106.0b | Kn11.4b | 13x | 11.5x | 1.2x |
| Tue, 11 Oct 2022 | Kn132.0b | Kn97.2b | Kn9.8b | 14.7x | 13.5x | 1.4x |
| Thu, 08 Sep 2022 | Kn133.8b | Kn97.1b | Kn9.8b | 14.7x | 13.7x | 1.4x |
| Sat, 06 Aug 2022 | Kn134.0b | Kn97.2b | Kn9.8b | 13.6x | 13.7x | 1.4x |
| Mon, 04 Jul 2022 | Kn135.6b | Kn91.0b | Kn8.0b | 14.8x | 16.9x | 1.5x |
| Wed, 01 Jun 2022 | Kn137.1b | Kn90.8b | Kn8.0b | 15.5x | 17.1x | 1.5x |
Price to Earnings Ratio
17.1x
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 15.6x.
Past Earnings Growth
- The earnings for companies in the Croatian industry have declined 38% per year over the last three years.
- Revenues have also declined 42% 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 | -4.19% | |
| Consumer Staples | 0.47% | |
| Real Estate | 0% | 0 |
| Materials | 0% | 0 |
| Utilities | 0% | 0 |
| Tech | -0.32% | |
| Consumer Discretionary | -0.69% | |
| Telecom | -1.59% | |
| Industrials | -1.78% | |
| Healthcare | -3.85% | |
| Energy | -4.92% | |
| Financials | -8.55% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 20.2x.
- 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 9.0x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 11% over the next 5 years.
- However this is lower than its past earnings growth rate of 15% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings decline by 5.1% 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 | |
|---|---|---|---|---|---|---|
| ADRS Adris grupa d. d | €92.00 | 2.2% +€31.7m | 15.7% | PE21.7x | Industrials | |
| LRH Liburnia Riviera Hoteli d.d | €500.00 | 20.8% +€26.0m | 62.3% | PE59.6x | Consumer Discretionary | |
| DLKV Dalekovod d.d | €5.30 | 9.1% +€18.1m | 92.0% | PE27.7x | Industrials | |
| KRAS Kras d.d | €105.00 | 10.5% +€14.1m | -12.5% | PE21.7x | Consumer Staples | |
| HIMR Imperial Riviera d.d | €106.00 | 1.9% +€4.6m | n/a | PE17.6x | Consumer Discretionary |
