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Croatian (CROBEX) Market Analysis & Valuation

UpdatedJun 01, 2024
DataAggregated Company Financials
Companies63
  • 7D0.3%
  • 3M4.2%
  • 1Y28.7%
  • YTD10.4%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 3.4%. More promisingly, the market is up 29% over the past year. Earnings are forecast to be flat in the coming years.

Market Valuation and Performance

Has the Croatian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Jun 2024Kn24.5bKn16.1bKn1.7b14.7x14.5x1.5x
Mon, 29 Apr 2024Kn24.5bKn16.1bKn1.7b15.3x14.4x1.5x
Wed, 27 Mar 2024Kn24.7bKn16.0bKn1.6b15x15.1x1.5x
Fri, 23 Feb 2024Kn24.7bKn15.4bKn1.5b15.3x17x1.6x
Sun, 21 Jan 2024Kn25.4bKn18.0bKn1.4b16.1x18.2x1.4x
Tue, 19 Dec 2023Kn24.1bKn17.9bKn1.4b15.4x17.2x1.3x
Thu, 16 Nov 2023Kn23.1bKn17.9bKn1.4b16x16.5x1.3x
Sat, 14 Oct 2023Kn22.3bKn17.3bKn1.3b16.3x16.5x1.3x
Mon, 11 Sep 2023Kn22.8bKn17.3bKn1.3b15.7x17.1x1.3x
Wed, 09 Aug 2023Kn22.4bKn17.2bKn1.3b18.7x17.1x1.3x
Fri, 07 Jul 2023Kn21.5bKn17.0bKn1.4b17.9x15.8x1.3x
Sun, 04 Jun 2023Kn21.3bKn17.2bKn1.3b18.1x15.9x1.2x
Tue, 02 May 2023Kn20.7bKn15.5bKn1.3b16.2x16.5x1.3x
Thu, 30 Mar 2023Kn20.7bKn16.2bKn1.3b17.1x16.2x1.3x
Sat, 25 Feb 2023Kn20.5bKn16.2bKn1.4b15.7x15x1.3x
Mon, 23 Jan 2023Kn19.5bKn15.6bKn1.5b15.2x12.9x1.2x
Wed, 21 Dec 2022Kn134.8bKn107.0bKn11.5b13.7x11.7x1.3x
Fri, 18 Nov 2022Kn132.8bKn107.1bKn11.5b13.5x11.6x1.2x
Sun, 16 Oct 2022Kn131.4bKn97.4bKn9.9b14.7x13.3x1.3x
Tue, 13 Sep 2022Kn134.0bKn97.1bKn9.8b14.7x13.7x1.4x
Thu, 11 Aug 2022Kn134.8bKn97.1bKn9.8b14.4x13.8x1.4x
Sat, 09 Jul 2022Kn134.2bKn90.1bKn8.0b14.4x16.8x1.5x
Mon, 06 Jun 2022Kn138.2bKn90.8bKn8.0b15.4x17.2x1.5x
Wed, 04 May 2022Kn137.9bKn90.5bKn8.0b16.4x17.2x1.5x
Fri, 01 Apr 2022Kn138.4bKn89.7bKn7.1b17.6x19.4x1.5x
Sun, 27 Feb 2022Kn136.9bKn87.7bKn7.2b13.9x19.1x1.6x
Tue, 25 Jan 2022Kn138.7bKn84.6bKn6.6b14.1x21.1x1.6x
Thu, 23 Dec 2021Kn136.0bKn84.2bKn6.6b13x20.7x1.6x
Sat, 20 Nov 2021Kn135.6bKn84.0bKn6.5b12.4x21x1.6x
Mon, 18 Oct 2021Kn135.2bKn77.7bKn3.7b17.3x36.8x1.7x
Wed, 15 Sep 2021Kn131.5bKn77.4bKn3.6b15.1x36x1.7x
Fri, 13 Aug 2021Kn134.1bKn77.8bKn3.3b14.1x40.5x1.7x
Tue, 08 Jun 2021Kn130.0bKn72.9bKn2.2b15.2x59.4x1.8x
Price to Earnings Ratio

59.4x


Total Market Cap: Kn130.0bTotal Earnings: Kn2.2bTotal Revenue: Kn72.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Croatian Market Price to Earnings3Y Average 19.1x202220232024
Current Market PE
  • Investors are pessimistic on the Croatian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 14.5x which is lower than its 3-year average PE of 19.1x.
Past Earnings Growth
  • The earnings for companies in the Croatian industry have declined 8.3% per year over the last three years.
  • Revenues have also declined 40% 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 Market0.34%
Energy3.39%
Consumer Discretionary0.70%
Real Estate0%
Materials0%
Healthcare0%
Utilities0%
Financials-0.16%
Industrials-0.54%
Tech-0.69%
Consumer Staples-1.29%
Telecom-2.91%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 19.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 78.7%, which is higher than its past year's earnings growth of 30.6% per year.
  • The Healthcare sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 79% over the next 5 years.
  • This is better than its past earnings growth rate of 31% per year.
  • In contrast, the Industrials sector is expected to see its earnings decline by 6.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
INA INA-Industrija nafte d.d€520.004.0%
+€200.0m
11.6%PE18.8xEnergy
HPB Hrvatska postanska banka d.d€230.002.7%
+€12.1m
58.6%PB0.8xFinancials
PLAG Plava laguna d.d€374.001.1%
+€8.8m
25.5%PE17.4xConsumer Discretionary
CROS Croatia osiguranje d.d€1.38k1.5%
+€8.4m
n/aPE9.9xFinancials
MAIS Maistra d.d€44.000.9%
+€4.4m
9.5%PE21.6xConsumer Discretionary
See more
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MAIS

€44.00

Maistra d.d

7D

0.9%

1Y

9.5%

ADRS

€79.00

Adris grupa d. d

7D

-0.6%

1Y

19.7%

LRH

€322.00

Liburnia Riviera Hoteli d.d

7D

4.5%

1Y

-12.0%

KOEI

€250.00

KONCAR - Elektroindustrija d.d

7D

-2.3%

1Y

89.4%

SPAN

€47.70

Span d.d

7D

-2.7%

1Y

-17.8%

JDRN

€1.50

Jadran d.d

7D

7.1%

1Y

-9.1%

RIVP

€5.14

Valamar Riviera d.d

7D

-0.4%

1Y

18.4%

HPB

€230.00

Hrvatska postanska banka d.d

7D

2.7%

1Y

58.6%

HEFA

€1.29

Helios Faros d.d

7D

8.4%

1Y

81.7%

ZABA

€17.90

Zagrebacka banka d.d

7D

-0.6%

1Y

53.0%

PODR

€155.50

Podravka d.d

7D

-1.0%

1Y

53.2%