YTD Share Price Performance of Regional Companies by Sector

For today we decided to present you with a brief overview of share price performance across sectors for regional companies.

For this we decided to look at the median YTD share price performance of companies in our wider coverage which includes companies from Croatia, Slovenia, Romania, Serbia and Bulgaria. After witnessing a sharp drop in share prices across industries, a partial rebound occurred in almost all sectors. However, not all sectors have recovered equally.

When looking at the graph below one can notice that there are no major surprises when it comes to top or bottom performers. All observed sectors recorded a YTD decrease, with the exception of Construction.

Construction companies are on average up 14.1% YTD (median +4.6%), which came on the back of Croatian construction companies which all observed a double-digit YTD increase, with Ingra leading the list (+98.7% YTD).

Next comes Shipping, where the companies noted mixed results, however median stood at -4.2%. Of the regional shipping companies, TNG has been in the spotlight this year and is currently traded at HRK 46.2 per share (-2.1% YTD). To read more about TNG click here. On the flip side, Atlantska Plovidba observed the highest decrease among shipping companies of -57.3% YTD.

Telecommunications, Food, Insurance and Pharma, industries which seemed to bear the pandemic quite well, all witnessed a similar performance (median decrease from 9.2% to 10.6% as visible on the graph). However, it is worth mentioning that most blue chips significantly outperformed the median in their respective sector. For example, Krka is up by as much as 14.5% YTD, Atlantic Grupa is down by 2.3%, HT is down by 3.6%, while Sava RE is down by 7.2%.

On the flip side, the highest share price decreases are mostly in line with the sectors which seem to be affected the most by the ongoing Covid-19 situation. Therefore, Tourism companies witnessed a decrease of 24.9%. We note that the Tourism companies in our wider coverage are traded at a median EV/EBITDA of 9.4.