Does Jadran d.d (ZGSE:JDRN) Have A Healthy Balance Sheet?
Jul 04
Croatian (CROBEX) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies63
- 7D0.2%
- 3M0.8%
- 1Y23.6%
- YTD9.7%
The market has been flat in the last week, however the Information Technology sector is down 3.2%. More promisingly, the market is up 24% over the past year. Looking forward, earnings are expected to remain mostly flat in the next few years.
Market Valuation and Performance
Has the Croatian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | Kn24.5b | Kn16.1b | Kn1.7b | 14.9x | 14.6x | 1.5x |
| Thu, 06 Jun 2024 | Kn24.7b | Kn16.1b | Kn1.7b | 14.7x | 14.7x | 1.5x |
| Sat, 04 May 2024 | Kn24.2b | Kn16.1b | Kn1.7b | 14.8x | 14.3x | 1.5x |
| Mon, 01 Apr 2024 | Kn24.9b | Kn16.0b | Kn1.6b | 15x | 15.2x | 1.6x |
| Wed, 28 Feb 2024 | Kn24.7b | Kn15.5b | Kn1.6b | 15.1x | 15.5x | 1.6x |
| Fri, 26 Jan 2024 | Kn25.5b | Kn18.0b | Kn1.4b | 15.8x | 18.3x | 1.4x |
| Sun, 24 Dec 2023 | Kn24.4b | Kn18.0b | Kn1.4b | 15.4x | 17.5x | 1.4x |
| Tue, 21 Nov 2023 | Kn23.0b | Kn17.9b | Kn1.4b | 15.9x | 16.4x | 1.3x |
| Thu, 19 Oct 2023 | Kn22.3b | Kn17.3b | Kn1.3b | 15.8x | 16.5x | 1.3x |
| Sat, 16 Sep 2023 | Kn22.7b | Kn17.3b | Kn1.3b | 15.5x | 16.8x | 1.3x |
| Mon, 14 Aug 2023 | Kn22.4b | Kn17.2b | Kn1.3b | 15.7x | 16.9x | 1.3x |
| Wed, 12 Jul 2023 | Kn21.6b | Kn17.0b | Kn1.4b | 18.4x | 16x | 1.3x |
| Fri, 09 Jun 2023 | Kn21.7b | Kn17.2b | Kn1.3b | 17.8x | 16.2x | 1.3x |
| Sun, 07 May 2023 | Kn20.5b | Kn16.3b | Kn1.2b | 18.5x | 16.8x | 1.3x |
| Tue, 04 Apr 2023 | Kn20.7b | Kn16.1b | Kn1.2b | 17.1x | 16.6x | 1.3x |
| Thu, 02 Mar 2023 | Kn20.6b | Kn16.1b | Kn1.4b | 16.2x | 15.2x | 1.3x |
| Sat, 28 Jan 2023 | Kn19.6b | Kn15.6b | Kn1.5b | 14.8x | 13x | 1.3x |
| Mon, 26 Dec 2022 | Kn134.0b | Kn107.0b | Kn11.5b | 13.8x | 11.7x | 1.3x |
| Wed, 23 Nov 2022 | Kn132.3b | Kn107.0b | Kn11.5b | 13.4x | 11.5x | 1.2x |
| Fri, 21 Oct 2022 | Kn132.0b | Kn97.4b | Kn9.9b | 14.7x | 13.4x | 1.4x |
| Sun, 18 Sep 2022 | Kn133.7b | Kn97.1b | Kn9.8b | 14.7x | 13.7x | 1.4x |
| Tue, 16 Aug 2022 | Kn135.4b | Kn97.1b | Kn9.8b | 14.8x | 13.8x | 1.4x |
| Thu, 14 Jul 2022 | Kn134.1b | Kn90.1b | Kn8.0b | 14.3x | 16.8x | 1.5x |
| Sat, 11 Jun 2022 | Kn138.7b | Kn90.8b | Kn8.0b | 15.6x | 17.3x | 1.5x |
| Mon, 09 May 2022 | Kn137.7b | Kn90.7b | Kn8.0b | 16.4x | 17.1x | 1.5x |
| Wed, 06 Apr 2022 | Kn139.5b | Kn89.8b | Kn7.1b | 18.2x | 19.6x | 1.6x |
| Fri, 04 Mar 2022 | Kn135.3b | Kn88.3b | Kn7.0b | 15.7x | 19.3x | 1.5x |
| Sun, 30 Jan 2022 | Kn138.9b | Kn84.6b | Kn6.6b | 13.6x | 21.2x | 1.6x |
| Tue, 28 Dec 2021 | Kn137.2b | Kn84.2b | Kn6.6b | 12.9x | 20.9x | 1.6x |
| Thu, 25 Nov 2021 | Kn135.6b | Kn84.2b | Kn6.6b | 12.5x | 20.6x | 1.6x |
| Sat, 23 Oct 2021 | Kn135.7b | Kn77.7b | Kn3.7b | 17.2x | 36.9x | 1.7x |
| Mon, 20 Sep 2021 | Kn131.8b | Kn77.4b | Kn3.6b | 16.5x | 36.1x | 1.7x |
| Wed, 18 Aug 2021 | Kn132.8b | Kn77.8b | Kn3.3b | 14.4x | 40.1x | 1.7x |
Price to Earnings Ratio
40.6x
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 14.6x which is lower than its 3-year average PE of 18.3x.
Past Earnings Growth
- The earnings for companies in the Croatian industry have declined 20% per year over the last three years.
- Revenues have also declined 41% 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 | 0.21% | |
| Consumer Discretionary | 1.49% | |
| Consumer Staples | 0.84% | |
| Industrials | 0.28% | |
| Energy | 0.091% | |
| Financials | 0.067% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Utilities | 0% | |
| Telecom | -0.66% | |
| Healthcare | -3.10% | |
| Tech | -3.23% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 20.8x.
- 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 21.5% per year.
- The Healthcare sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 9.2x.
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 22% per year.
- In contrast, the Telecom sector is expected to see its earnings decline by 2.9% 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 | |
|---|---|---|---|---|---|---|
| MAIS Maistra d.d | €45.00 | 5.6% +€26.3m | 11.9% | PE22.1x | Consumer Discretionary | |
| JNAF Jadranski naftovod d.d | €885.00 | 2.9% +€25.2m | 4.7% | PE17.9x | Energy | |
| CROS Croatia osiguranje d.d | €1.44k | 2.9% +€16.8m | 70.4% | PE10.4x | Financials | |
| KOEI KONCAR - Elektroindustrija d.d | €260.00 | 2.4% +€15.3m | 75.7% | PE12.2x | Industrials | |
| PODR Podravka d.d | €159.50 | 0.9% +€10.5m | 32.9% | PE15.1x | Consumer Staples |
