Adris grupa d. d (ZGSE:ADRS) Is Increasing Its Dividend To €3.00
May 02
Have your own idea? Try our Stock Screener
Croatian (CROBEX) Market Analysis & Valuation
UpdatedMay 05, 2025
DataAggregated Company Financials
Companies59
- 7D0.3%
- 3M-5.3%
- 1Y20.3%
- YTD3.0%
Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 4.0% in that time. Meanwhile, the market is actually up 20% over the past year. Earnings are forecast to grow by 6.4% 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 |
|---|---|---|---|---|---|---|
| Mon, 05 May 2025 | Kn29.9b | Kn17.4b | Kn1.9b | 14.7x | 16x | 1.7x |
| Wed, 02 Apr 2025 | Kn31.0b | Kn17.1b | Kn1.8b | 14.9x | 17.5x | 1.8x |
| Fri, 28 Feb 2025 | Kn29.7b | Kn16.8b | Kn1.7b | 15.1x | 17.2x | 1.8x |
| Sun, 26 Jan 2025 | Kn30.8b | Kn16.7b | Kn1.8b | 15.3x | 17.1x | 1.8x |
| Tue, 24 Dec 2024 | Kn29.3b | Kn16.7b | Kn1.8b | 15.1x | 16.3x | 1.8x |
| Thu, 21 Nov 2024 | Kn27.6b | Kn16.6b | Kn1.8b | 15.6x | 15.4x | 1.7x |
| Sat, 19 Oct 2024 | Kn26.2b | Kn16.4b | Kn1.7b | 17.9x | 15.6x | 1.6x |
| Mon, 16 Sep 2024 | Kn25.8b | Kn16.4b | Kn1.7b | 18.2x | 15.4x | 1.6x |
| Wed, 14 Aug 2024 | Kn25.5b | Kn16.4b | Kn1.7b | 18.1x | 15.2x | 1.6x |
| Fri, 12 Jul 2024 | Kn24.7b | Kn16.1b | Kn1.7b | 15.2x | 14.7x | 1.5x |
| Sun, 09 Jun 2024 | Kn24.8b | Kn16.1b | Kn1.7b | 14.8x | 14.8x | 1.5x |
| Tue, 07 May 2024 | Kn24.3b | Kn16.1b | Kn1.7b | 14.7x | 14.3x | 1.5x |
| Thu, 04 Apr 2024 | Kn24.9b | Kn16.0b | Kn1.6b | 15x | 15.2x | 1.6x |
| Sat, 02 Mar 2024 | Kn24.2b | Kn15.8b | Kn1.6b | 15.2x | 14.8x | 1.5x |
| Mon, 29 Jan 2024 | Kn25.4b | Kn17.9b | Kn1.4b | 16x | 18.2x | 1.4x |
| Wed, 27 Dec 2023 | Kn24.4b | Kn18.0b | Kn1.4b | 15.4x | 17.5x | 1.4x |
| Fri, 24 Nov 2023 | Kn23.2b | Kn17.9b | Kn1.4b | 15.9x | 16.6x | 1.3x |
| Sun, 22 Oct 2023 | Kn22.2b | Kn17.3b | Kn1.3b | 15.8x | 16.5x | 1.3x |
| Tue, 19 Sep 2023 | Kn22.7b | Kn17.3b | Kn1.3b | 15.4x | 16.8x | 1.3x |
| Thu, 17 Aug 2023 | Kn22.6b | Kn17.3b | Kn1.3b | 16.1x | 16.8x | 1.3x |
| Sat, 15 Jul 2023 | Kn21.7b | Kn17.0b | Kn1.4b | 18.6x | 16x | 1.3x |
| Mon, 12 Jun 2023 | Kn21.8b | Kn17.2b | Kn1.3b | 18.1x | 16.3x | 1.3x |
| Wed, 10 May 2023 | Kn20.5b | Kn16.3b | Kn1.2b | 18.7x | 16.9x | 1.3x |
| Fri, 07 Apr 2023 | Kn20.8b | Kn16.1b | Kn1.2b | 17.5x | 16.7x | 1.3x |
| Sun, 05 Mar 2023 | Kn20.6b | Kn15.6b | Kn1.4b | 16.3x | 15x | 1.3x |
| Tue, 31 Jan 2023 | Kn19.6b | Kn15.6b | Kn1.5b | 14.8x | 13x | 1.3x |
| Thu, 29 Dec 2022 | Kn135.3b | Kn107.0b | Kn11.5b | 14.1x | 11.8x | 1.3x |
| Sat, 26 Nov 2022 | Kn133.6b | Kn107.0b | Kn11.5b | 13.5x | 11.6x | 1.2x |
| Mon, 24 Oct 2022 | Kn131.5b | Kn97.4b | Kn9.9b | 14.7x | 13.3x | 1.4x |
| Wed, 21 Sep 2022 | Kn134.2b | Kn97.1b | Kn9.8b | 14.8x | 13.7x | 1.4x |
| Fri, 19 Aug 2022 | Kn135.6b | Kn97.1b | Kn9.8b | 14.8x | 13.9x | 1.4x |
| Sun, 17 Jul 2022 | Kn133.8b | Kn90.1b | Kn8.0b | 14.2x | 16.8x | 1.5x |
| Tue, 14 Jun 2022 | Kn137.2b | Kn90.8b | Kn8.0b | 15.2x | 17.1x | 1.5x |
| Thu, 12 May 2022 | Kn137.4b | Kn90.7b | Kn8.0b | 15.6x | 17.2x | 1.5x |
Price to Earnings Ratio
17.2x
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 | 0.26% | |
| Tech | 4.03% | |
| Consumer Discretionary | 1.67% | |
| Telecom | 1.24% | |
| Industrials | 1.14% | |
| Real Estate | 0% | 0 |
| Materials | 0% | 0 |
| Healthcare | 0% | 0 |
| Utilities | 0% | 0 |
| Financials | -0.23% | |
| Consumer Staples | -0.63% | |
| Energy | -1.08% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading close to 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.
- However this is lower than its past earnings growth rate of 16% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings decline by 4.8% 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 | |
|---|---|---|---|---|---|---|
| DDJH Ðuro Ðakovic Grupa d.d | €44.00 | 7.3% +€84.9m | 80.3% | PE141.9x | Industrials | |
| HT Hrvatski Telekom d.d | €40.70 | 3.3% +€84.3m | 32.6% | PE22x | Telecom | |
| KOEI KONCAR - Elektroindustrija d.d | €490.00 | 2.9% +€35.9m | 82.8% | PE9.5x | Industrials | |
| ZABA Zagrebacka banka d.d | €25.30 | 0.4% +€32.0m | 48.0% | PB3.2x | Financials | |
| ADRS Adris grupa d. d | €90.00 | 2.3% +€31.7m | 12.5% | PE21.4x | Industrials |