company background image
ADRS

Adris grupa d. d ZGSE:ADRS Stock Report

Last Price

Kn420.00

Market Cap

Kn6.3b

7D

-1.9%

1Y

-10.3%

Updated

02 Oct, 2022

Data

Company Financials +
ADRS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends4/6

ADRS Stock Overview

Adris grupa d. d., together with its subsidiaries, engages in the tourism, healthy food, insurance, and real estate businesses in Croatia and internationally.

Adris grupa d. d Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Adris grupa d. d
Historical stock prices
Current Share PriceKn420.00
52 Week HighKn478.00
52 Week LowKn414.00
Beta0.21
1 Month Change-4.11%
3 Month Change-3.23%
1 Year Change-10.26%
3 Year Change-30.00%
5 Year Change-19.07%
Change since IPO-43.09%

Recent News & Updates

Shareholder Returns

ADRSHR IndustrialsHR Market
7D-1.9%1.9%-2.5%
1Y-10.3%-26.0%-3.0%

Return vs Industry: ADRS exceeded the HR Industrials industry which returned -26% over the past year.

Return vs Market: ADRS underperformed the HR Market which returned -3% over the past year.

Price Volatility

Is ADRS's price volatile compared to industry and market?
ADRS volatility
ADRS Average Weekly Movement2.3%
Industrials Industry Average Movement5.0%
Market Average Movement3.8%
10% most volatile stocks in HR Market8.6%
10% least volatile stocks in HR Market2.0%

Stable Share Price: ADRS is less volatile than 75% of HR stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ADRS's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18727,932n/ahttps://www.adris.hr

Adris grupa d. d., together with its subsidiaries, engages in the tourism, healthy food, insurance, and real estate businesses in Croatia and internationally. It also operates retail chains; and exports its products. The company was founded in 1872 and is headquartered in Rovinj, Croatia.

Adris grupa d. d Fundamentals Summary

How do Adris grupa d. d's earnings and revenue compare to its market cap?
ADRS fundamental statistics
Market CapKn6.33b
Earnings (TTM)Kn387.14m
Revenue (TTM)Kn6.12b

17.0x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADRS income statement (TTM)
RevenueKn6.12b
Cost of RevenueKn3.49b
Gross ProfitKn2.63b
Other ExpensesKn2.25b
EarningsKn387.14m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)24.65
Gross Margin43.05%
Net Profit Margin6.33%
Debt/Equity Ratio18.4%

How did ADRS perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

51%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ADRS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADRS?

Other financial metrics that can be useful for relative valuation.

ADRS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA6.9x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does ADRS's PE Ratio compare to its peers?

ADRS PE Ratio vs Peers
The above table shows the PE ratio for ADRS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.3x
KOEI Koncar - Elektroindustrija d.d
8.7x7.2%Kn2.2b
ARAD Arad Investment & Industrial Development
5.4xn/a₪3.0b
3167 TOKAI Holdings
12.8xn/aJP¥114.0b
SPLP Steel Partners Holdings
6.1xn/aUS$903.8m
ADRS Adris grupa d. d
17x9.7%Kn6.3b

Price-To-Earnings vs Peers: ADRS is expensive based on its Price-To-Earnings Ratio (17x) compared to the peer average (8.3x).


Price to Earnings Ratio vs Industry

How does ADRS's PE Ratio compare vs other companies in the European Industrials Industry?

Price-To-Earnings vs Industry: ADRS is expensive based on its Price-To-Earnings Ratio (17x) compared to the European Industrials industry average (15.6x)


Price to Earnings Ratio vs Fair Ratio

What is ADRS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ADRS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ADRS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ADRS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ADRS (HRK420) is trading below our estimate of fair value (HRK1026.83)

Significantly Below Fair Value: ADRS is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

How is Adris grupa d. d forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADRS's forecast earnings growth (9.7% per year) is above the savings rate (1.5%).

Earnings vs Market: ADRS's earnings (9.7% per year) are forecast to grow faster than the HR market (8.6% per year).

High Growth Earnings: ADRS's earnings are forecast to grow, but not significantly.

Revenue vs Market: ADRS's revenue (4.5% per year) is forecast to grow slower than the HR market (4.7% per year).

High Growth Revenue: ADRS's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ADRS's Return on Equity is forecast to be low in 3 years time (4.6%).


Discover growth companies

Past Performance

How has Adris grupa d. d performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-12.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ADRS has high quality earnings.

Growing Profit Margin: ADRS's current net profit margins (6.3%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: ADRS's earnings have declined by 12.9% per year over the past 5 years.

Accelerating Growth: ADRS's earnings growth over the past year (505.3%) exceeds its 5-year average (-12.9% per year).

Earnings vs Industry: ADRS earnings growth over the past year (505.3%) exceeded the Industrials industry 40.8%.


Return on Equity

High ROE: ADRS's Return on Equity (4.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Adris grupa d. d's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ADRS's short term assets (HRK5.6B) exceed its short term liabilities (HRK5.2B).

Long Term Liabilities: ADRS's short term assets (HRK5.6B) do not cover its long term liabilities (HRK7.4B).


Debt to Equity History and Analysis

Debt Level: ADRS has more cash than its total debt.

Reducing Debt: ADRS's debt to equity ratio has increased from 7.9% to 18.4% over the past 5 years.

Debt Coverage: ADRS's debt is well covered by operating cash flow (45.6%).

Interest Coverage: ADRS's interest payments on its debt are well covered by EBIT (15.3x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Adris grupa d. d current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.98%

Current Dividend Yield

Dividend Yield vs Market

Adris grupa d. d Dividend Yield vs Market
How does Adris grupa d. d dividend yield compare to the market?
SegmentDividend Yield
Company (Adris grupa d. d)3.0%
Market Bottom 25% (HR)2.3%
Market Top 25% (HR)5.0%
Industry Average (Industrials)3.4%
Analyst forecast in 3 Years (Adris grupa d. d)3.8%

Notable Dividend: ADRS's dividend (2.98%) is higher than the bottom 25% of dividend payers in the HR market (2.34%).

High Dividend: ADRS's dividend (2.98%) is low compared to the top 25% of dividend payers in the HR market (4.96%).


Stability and Growth of Payments

Stable Dividend: ADRS's dividend payments have been volatile in the past 10 years.

Growing Dividend: ADRS's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.5%), ADRS's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (46.6%), ADRS's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average board tenure


CEO

Adris grupa d. d has no CEO, or we have no data on them.


Board Members

Experienced Board: ADRS's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of ADRS?
Owner TypeNumber of SharesOwnership Percentage
Public Companies216,3581.4%
Institutions3,241,49020.6%
Individual Insiders4,096,56326.1%
General Public8,148,61151.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 48.1% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11.94%
Ante Vlahovic
1,875,363HRK787.7m0%no data
6.4%
ERSTE d.o.o. - drustvo za upravljanje obveznim i dobrovoljnim mirovinskim fondovima
1,004,642HRK421.9m0%14.62%
6.25%
Allianz ZB d.o.o.
981,613HRK412.3m0%6.75%
3.81%
Plinio Cuccurin
598,109HRK251.2m0%no data
3.66%
Raiffeisen drustvo za upravljanje obveznim i dobrovoljnim mirovinskim fondovima d.d.
574,613HRK241.3m0%6.24%
3.43%
Anton Pokrajac
538,417HRK226.1m0%no data
2.14%
Tea Silvia Vlahovic
336,557HRK141.4m0%no data
2.14%
Ines Vlahovic Mazinjanin
336,557HRK141.4m0%no data
1.38%
Mon Perin d.d.
216,358HRK90.9m0%no data
1.34%
Marica Sorak-Pokrajac
210,588HRK88.4m0%no data
1.28%
Stanko Damijanic
200,972HRK84.4m0%no data
1.14%
Hrvatsko mirovinsko investicijsko drustvo d.o.o.
179,100HRK75.2m0%6.86%
1.06%
Tweedy, Browne Company LLC
166,388HRK69.9m0%0.12%
0.81%
Norges Bank Investment Management
126,846HRK53.3m0%no data
0.55%
Caisse de dépôt et placement du Québec
86,291HRK36.2m0%0.01%
0.28%
AS Trigon Asset Management
43,331HRK18.2m9.62%1.17%
0.15%
KD Skladi druzba za upravljanje, d.o.o.
23,600HRK9.9m0%0.27%
0.11%
Eaton Vance Management
17,758HRK7.5m-6.82%no data
0.097%
Triglav Skladi d. o. o.
15,241HRK6.4m0%0.08%
0.055%
East Capital AB, Asset Management Arm
8,600HRK3.6m0%0.08%
0.025%
St. Galler Kantonalbank, Asset Management Arm
3,900HRK1.6m0%0.02%
0.018%
Security Kapitalanlage AG
2,800HRK1.2m0%0.01%
0.011%
INVL Asset Management, UAB
1,800HRK756.0k0%0.02%
0.01%
Generali Capital Management GmbH
1,607HRK674.9k-2.49%0.09%
0.0088%
AS SEB Varahaldus
1,381HRK580.0k0%0.02%

Company Information

Adris grupa d. d.'s employee growth, exchange listings and data sources


Key Information

  • Name: Adris grupa d. d.
  • Ticker: ADRS
  • Exchange: ZGSE
  • Founded: 1872
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Implied Market Cap: Kn6.334b
  • Shares outstanding: 15.70m
  • Website: https://www.adris.hr

Number of Employees


Location

  • Adris grupa d. d.
  • Obala Vladimira Nazora 1
  • Rovinj
  • 52210
  • Croatia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ADRS2ZGSE (Zagreb Stock Exchange)Preferred SharesHRHRKMar 2004
ADRSZGSE (Zagreb Stock Exchange)YesOrdinary SharesHRHRKJan 2007

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.