Page 2 - Serbian (BELEX) Growth Stocks

Name: Financial Insights Based on S&P Global Market Intelligence
Creator: Simply Wall St Pty Ltd
License: https://www.spglobal.com/content/dam/spglobal/corporate/en/documents/secure/MI-FastTrack-Terms-and-Conditions-July-2023.pdf

UPDATED Jan 02, 2026

Discover Serbian Growth Stocks that are on the BELEX. Sorted by forecasted growth, these stocks have higher than expected earnings or sales growth compared to other companies.

78 companies

Company	Last Price	7D Return	1Y Return	Market Cap	Analysts Target	Valuation	Growth	Div Yield	Industry
WKSL Woksal a.d	дин450.00	0%	n/a	дин109.2m	n/a	n/a	n/a	n/a	Capital Goods
TGAS Messer Tehnogas AD	дин37,300.00	0.3%	n/a	дин38.7b	n/a	PE7.8x	n/a	3.0%	Materials
DNOS Kompanija Dunav Osiguranje a.d.o	дин1,800.00	4.7%	30.9%	дин27.3b	n/a	PE6x	n/a	6.7%	Insurance
AERO Aerodrom Nikola Tesla a.d	дин2,350.00	-6.0%	17.8%	дин82.2b	n/a	PE127.9x	n/a	0%	Transportation
TRBG Termika-Beograd a.d	дин3,500.00	10.9%	n/a	дин213.2m	n/a	n/a	n/a	n/a	Capital Goods
JAAB JAA - autorska agencija za Srbiju a.d	дин6,000.00	0%	n/a	дин0	n/a	n/a	n/a	n/a	Commercial Services
GRDN Sjaj U Tami a.d	дин1,000.00	0%	43.1%	дин669.2m	n/a	PE6.6x	n/a	n/a	Real Estate Management and Development
MING Ming kovacnica a.d	дин416.00	0%	18.9%	дин112.5m	n/a	n/a	n/a	n/a	Materials
NIPZ NIP Zrenjanin a.d	дин1,049.00	0%	n/a	дин0	n/a	n/a	n/a	n/a	Materials
STRN Srbijatransport a.d	дин5,000.00	0%	n/a	дин3.6m	n/a	n/a	n/a	n/a	Transportation
PKPT PIK Pester a.d. Sjenica	дин300.00	0%	n/a	дин0	n/a	n/a	n/a	n/a	Food, Beverage & Tobacco
TRGC Trgocentar A.D. Leskovac	дин84.00	0%	n/a	дин0	n/a	n/a	n/a	n/a
INIM Invest - Import a.d	дин7,991.00	0%	n/a	дин326.8m	n/a	n/a	n/a	n/a	Capital Goods
NSSJ Novosadski Sajam a.d	дин650.00	0%	n/a	дин532.3m	n/a	n/a	n/a	n/a	Media
INMT Institut za ispitivanje materijala a.d	дин16,700.00	0%	n/a	дин320.1m	n/a	n/a	n/a	n/a	Commercial Services
RTAR Ratar a.d Pancevo	дин950.00	0%	n/a	дин116.5m	n/a	n/a	n/a	n/a	Food, Beverage & Tobacco
GFOM Gosa Fom a.d	дин1,710.00	0%	-9.9%	дин2.3b	n/a	PE5.6x	n/a	9.4%	Capital Goods
THHM Tehnohemija a.d	дин250.00	0%	n/a	дин254.7m	n/a	PE5x	n/a	n/a	Capital Goods
IRTL Iritel a.d	дин1,051.00	0%	-14.6%	дин304.9m	n/a	n/a	n/a	n/a	Tech
VTSK Veterinarska Stanica Kikinda	дин326.00	0%	n/a	дин0	n/a	n/a	n/a	n/a	Healthcare
SVTS Svetlost a.d	дин980.00	0%	n/a	дин41.5m	n/a	n/a	n/a	n/a	Capital Goods
GLBG Galeb GTE AD	дин30.00	0%	n/a	дин9.4m	n/a	PE-2.3x	n/a	n/a	Tech
DINN Philip Morris Operations a.d. Nis	дин9,990.00	0%	n/a	дин65.0b	n/a	PE10.6x	n/a	5.3%	Food, Beverage & Tobacco
ENHL Energoprojekt Holding a.d	дин500.00	0%	n/a	дин5.4b	n/a	PE4x	n/a	0%	Capital Goods

Page 2 of 4