Atlantic Grupa d.d's (ZGSE:ATGR) Dividend Will Be Increased To €1.50
May 08
Have your own idea? Try our Stock Screener
Croatian (CROBEX) Market Analysis & Valuation
UpdatedMay 08, 2025
DataAggregated Company Financials
Companies59
- 7D0.8%
- 3M-1.6%
- 1Y21.6%
- YTD3.7%
The Information Technology sector gained 4.7% while the market remained flat over the last week. As for the longer term, the market has risen 20% in the past 12 months. Earnings are forecast to grow by 6.3% 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 |
|---|---|---|---|---|---|---|
| Thu, 08 May 2025 | Kn30.2b | Kn17.5b | Kn1.9b | 14.6x | 16.2x | 1.7x |
| Sat, 05 Apr 2025 | Kn29.8b | Kn17.1b | Kn1.8b | 14.7x | 16.9x | 1.7x |
| Mon, 03 Mar 2025 | Kn29.6b | Kn16.9b | Kn1.7b | 14.8x | 17.1x | 1.8x |
| Wed, 29 Jan 2025 | Kn30.8b | Kn16.6b | Kn1.8b | 15.3x | 17x | 1.8x |
| Fri, 27 Dec 2024 | Kn29.3b | Kn16.7b | Kn1.8b | 15.1x | 16.3x | 1.8x |
| Sun, 24 Nov 2024 | Kn27.6b | Kn16.6b | Kn1.8b | 15.2x | 15.4x | 1.7x |
| Tue, 22 Oct 2024 | Kn26.1b | Kn16.4b | Kn1.7b | 17.9x | 15.5x | 1.6x |
| Thu, 19 Sep 2024 | Kn25.7b | Kn16.5b | Kn1.7b | 18x | 15.3x | 1.6x |
| Sat, 17 Aug 2024 | Kn25.4b | Kn16.4b | Kn1.7b | 18.1x | 15.2x | 1.6x |
| Mon, 15 Jul 2024 | Kn24.7b | Kn16.1b | Kn1.7b | 15.5x | 14.7x | 1.5x |
| Wed, 12 Jun 2024 | Kn24.8b | Kn16.1b | Kn1.7b | 14.7x | 14.8x | 1.5x |
| Fri, 10 May 2024 | Kn24.2b | Kn16.1b | Kn1.7b | 14.7x | 14.3x | 1.5x |
| Sun, 07 Apr 2024 | Kn24.9b | Kn16.0b | Kn1.6b | 15.2x | 15.3x | 1.6x |
| Tue, 05 Mar 2024 | Kn24.5b | Kn15.9b | Kn1.6b | 14.8x | 15x | 1.5x |
| Thu, 01 Feb 2024 | Kn25.8b | Kn17.9b | Kn1.4b | 16x | 18.4x | 1.4x |
| Sat, 30 Dec 2023 | Kn24.6b | Kn18.0b | Kn1.4b | 15.6x | 17.6x | 1.4x |
| Mon, 27 Nov 2023 | Kn23.2b | Kn17.9b | Kn1.4b | 16x | 16.6x | 1.3x |
| Wed, 25 Oct 2023 | Kn22.4b | Kn17.3b | Kn1.3b | 15.8x | 16.6x | 1.3x |
| Fri, 22 Sep 2023 | Kn22.8b | Kn17.3b | Kn1.3b | 16.3x | 17.1x | 1.3x |
| Sun, 20 Aug 2023 | Kn22.7b | Kn17.3b | Kn1.3b | 16.1x | 16.8x | 1.3x |
| Tue, 18 Jul 2023 | Kn21.7b | Kn17.0b | Kn1.4b | 18.6x | 16x | 1.3x |
| Thu, 15 Jun 2023 | Kn21.7b | Kn17.2b | Kn1.3b | 18.1x | 16.2x | 1.3x |
| Sat, 13 May 2023 | Kn20.7b | Kn16.3b | Kn1.2b | 18.8x | 17x | 1.3x |
| Mon, 10 Apr 2023 | Kn20.8b | Kn16.1b | Kn1.2b | 17.5x | 16.7x | 1.3x |
| Wed, 08 Mar 2023 | Kn20.7b | Kn16.4b | Kn1.3b | 15.1x | 16.1x | 1.3x |
| Fri, 03 Feb 2023 | Kn19.6b | Kn15.5b | Kn1.5b | 15.8x | 13.1x | 1.3x |
| Sun, 01 Jan 2023 | Kn135.3b | Kn107.0b | Kn11.5b | 12.1x | 11.8x | 1.3x |
| Tue, 29 Nov 2022 | Kn133.3b | Kn107.0b | Kn11.5b | 13.4x | 11.6x | 1.2x |
| Thu, 27 Oct 2022 | Kn131.8b | Kn97.4b | Kn9.9b | 14.8x | 13.3x | 1.4x |
| Sat, 24 Sep 2022 | Kn133.8b | Kn97.1b | Kn9.8b | 14.7x | 13.7x | 1.4x |
| Mon, 22 Aug 2022 | Kn135.4b | Kn97.1b | Kn9.8b | 14.8x | 13.8x | 1.4x |
| Wed, 20 Jul 2022 | Kn133.8b | Kn90.1b | Kn8.0b | 14.2x | 16.8x | 1.5x |
| Fri, 17 Jun 2022 | Kn136.3b | Kn90.8b | Kn8.0b | 15.1x | 17x | 1.5x |
| Sun, 15 May 2022 | Kn138.0b | Kn90.7b | Kn8.0b | 16x | 17.3x | 1.5x |
Price to Earnings Ratio
17.3x
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 15.6x.
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 | 0.82% | |
| Telecom | 5.19% | |
| Industrials | 2.91% | |
| Consumer Discretionary | 1.85% | |
| Tech | 1.75% | |
| Energy | 0.55% | |
| Consumer Staples | 0.13% | |
| Real Estate | 0% | 0 |
| Materials | 0% | 0 |
| Healthcare | 0% | 0 |
| Utilities | 0% | 0 |
| Financials | -1.85% | |
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 9.1x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 12% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Consumer Staples sector is expected to see its earnings decline by 5.0% 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 | €42.60 | 5.2% +€161.3m | 39.2% | PE23.1x | Telecom | |
| DDJH Ðuro Ðakovic Grupa d.d | €44.80 | 6.7% +€79.3m | 89.8% | PE144.4x | Industrials | |
| KOEI KONCAR - Elektroindustrija d.d | €500.00 | 4.2% +€50.9m | 90.8% | PE9.7x | Industrials | |
| CROS Croatia osiguranje d.d | €2.10k | 4.0% +€33.7m | 61.5% | PE14.2x | Financials | |
| RIVP Valamar Riviera d.d | €5.90 | 4.2% +€29.4m | 17.1% | PE29.1x | Consumer Discretionary |
