Some Confidence Is Lacking In Dalekovod d.d.'s (ZGSE:DLKV) P/S
Oct 26
Croatian (CROBEX) Market Analysis & Valuation
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies84
- 7D1.8%
- 3M0.6%
- 1Y22.4%
- YTD18.4%
The market is up 1.8% over the last week, with the Energy sector leading the way, up 5.5%. As for the past 12 months, the market is up 22%. Earnings are forecast to grow by 10% 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 |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | Kn22.6b | Kn17.4b | Kn1.4b | 15.3x | 16.7x | 1.3x |
| Thu, 28 Sep 2023 | Kn22.6b | Kn17.3b | Kn1.3b | 16.3x | 16.8x | 1.3x |
| Sat, 26 Aug 2023 | Kn22.6b | Kn17.3b | Kn1.3b | 16.1x | 16.8x | 1.3x |
| Mon, 24 Jul 2023 | Kn21.8b | Kn17.0b | Kn1.4b | 18.3x | 16x | 1.3x |
| Wed, 21 Jun 2023 | Kn21.7b | Kn17.2b | Kn1.3b | 18.1x | 16.2x | 1.3x |
| Fri, 19 May 2023 | Kn21.0b | Kn16.8b | Kn1.3b | 18.1x | 15.6x | 1.2x |
| Sun, 16 Apr 2023 | Kn20.3b | Kn16.0b | Kn1.2b | 17.2x | 16.4x | 1.3x |
| Tue, 14 Mar 2023 | Kn20.6b | Kn16.3b | Kn1.3b | 16.7x | 16.1x | 1.3x |
| Thu, 09 Feb 2023 | Kn19.7b | Kn15.8b | Kn1.5b | 15.6x | 12.9x | 1.2x |
| Sat, 07 Jan 2023 | Kn19.3b | Kn16.0b | Kn1.5b | 14.3x | 12.5x | 1.2x |
| Mon, 05 Dec 2022 | Kn133.0b | Kn107.0b | Kn11.5b | 13.5x | 11.6x | 1.2x |
| Wed, 02 Nov 2022 | Kn131.9b | Kn104.5b | Kn9.9b | 14.5x | 13.3x | 1.3x |
| Fri, 30 Sep 2022 | Kn131.0b | Kn97.2b | Kn9.8b | 14.7x | 13.4x | 1.3x |
| Sun, 28 Aug 2022 | Kn136.0b | Kn97.1b | Kn9.8b | 14.8x | 13.9x | 1.4x |
| Tue, 26 Jul 2022 | Kn133.6b | Kn90.4b | Kn8.0b | 14.8x | 16.7x | 1.5x |
| Thu, 23 Jun 2022 | Kn133.5b | Kn90.8b | Kn8.0b | 15.2x | 16.7x | 1.5x |
| Sat, 21 May 2022 | Kn137.2b | Kn90.8b | Kn8.0b | 15.6x | 17.1x | 1.5x |
| Mon, 18 Apr 2022 | Kn138.8b | Kn87.5b | Kn7.1b | 18.3x | 19.4x | 1.6x |
| Wed, 16 Mar 2022 | Kn136.7b | Kn89.4b | Kn7.2b | 17.5x | 18.9x | 1.5x |
| Fri, 11 Feb 2022 | Kn140.3b | Kn84.6b | Kn6.6b | 14.2x | 21.4x | 1.7x |
| Sun, 09 Jan 2022 | Kn140.1b | Kn84.6b | Kn6.6b | 14.8x | 21.3x | 1.7x |
| Tue, 07 Dec 2021 | Kn134.9b | Kn84.2b | Kn6.6b | 12.5x | 20.5x | 1.6x |
| Thu, 04 Nov 2021 | Kn133.9b | Kn81.1b | Kn4.5b | 17.3x | 29.7x | 1.7x |
| Sat, 02 Oct 2021 | Kn134.5b | Kn77.7b | Kn3.7b | 17x | 36.6x | 1.7x |
| Mon, 30 Aug 2021 | Kn132.4b | Kn77.8b | Kn3.3b | 14.5x | 39.9x | 1.7x |
| Tue, 06 Jul 2021 | Kn131.4b | Kn77.8b | Kn3.3b | 14.4x | 39.6x | 1.7x |
| Fri, 09 Apr 2021 | Kn123.5b | Kn72.9b | Kn2.2b | 15.1x | 56.5x | 1.7x |
| Thu, 31 Dec 2020 | Kn117.0b | Kn72.3b | Kn1.3b | 13.2x | 87.1x | 1.6x |
Price to Earnings Ratio
98.1x
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 16.7x which is lower than its 3-year average PE of 33.0x.
Past Earnings Growth
- The earnings for Croatian listed companies have grown 6.4% per year over the last three years.
- Meanwhile revenues for these companies have declined 39% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.
Sector Trends
Which sectors have driven the changes within the Croatian Market?
| HR Market | 1.76% | |
| Energy | 5.45% | |
| Tech | 3.21% | |
| Industrials | 1.04% | |
| Financials | 0.90% | |
| Telecom | 0.77% | |
| Consumer Discretionary | 0.12% | |
| Real Estate | 0% | |
| Materials | 0% | |
| Healthcare | 0% | |
| Utilities | 0% | |
| Consumer Staples | -0.98% | |
Sector PE
- The Consumer Discretionary sector is the least preferred by investors for future growth, which is trading below its 3-year average of 11.9x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| INA INA-Industrija nafte d.d | €480.00 | 6.7% +€300.0m | 5.1% | PE44.4x | Energy | |
| ADRS Adris grupa d. d | €74.00 | 4.2% +€47.1m | 33.4% | PE21.5x | Industrials | |
| KOEI KONCAR - Elektroindustrija d.d | €180.00 | 6.5% +€28.0m | 60.5% | PE14.3x | Industrials | |
| HT Hrvatski Telekom d.d | €26.40 | 1.1% +€23.6m | 12.4% | PE21.2x | Telecom | |
| KODT Koncar - distributivni i specijalni transformatori d.d | €725.00 | 5.8% +€20.4m | 137.5% | PE11.8x | Industrials |
Market Insights
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