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 not any surprises when it comes to top or bottom performers. All observed sectors recorded a YTD decrease, of which Telecommunications and Pharma recorded the lowest; as low as -2.7% and -2.8% YTD, respectively. The Telecom companies in our sample are currently traded at a median EV/EBITDA of 4.2. Utility and Food sector follow, with a decrease of 4% and 8.3%, respectively.

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, Banks witnessed a decrease of 27.5%, showing that the regional banks have not significantly recovered from their bottom. Tourism comes next, with a decrease of 19.2%. The companies in the Tourism sector in our sample are currently traded at a median P/E of 13.3 and EV/EBITDA of 8.2.  

YTD Performance of Regional Companies by Sector*

*Median share price performance of regional companies in our wider coverage

Croatia’s prime market recorded a 1.43% decrease, which came mainly on the back of a -4.65% decrease of Valamar Riviera.

Zagreb Stock Exchange has observed a relatively low turnover yesterday of HRK 3.68m (EUR 0.49m), of which Ericsson NT (HRK 0.94m) and Valamar Rivera (HRK 0.87m) were the most traded shares. The main index of the ZSE, CROBEX ended the trading day at 1,606.64 points, representing a slight decrease of 0.34%. Meanwhile, the prime market recorded a 1.43% decrease, which came mainly on the back of a -4.65% decrease of Valamar Riviera. The company’s share price closed at HRK 24.6 per share, which puts it at a P/E of 13.5 and EV/EBITDA of 8.2.

The Slovenian Stock Exchange has recorded a relatively low turnover as well of EUR 0.74m, of which Krka accounted for more than two thirds (EUR 0.51m). SBITOP yesterday observed a slight increase of 0.59%, which was driven by share price increases of index heavy weights Krka (+1.18%) and Petrol (+1.48%). On the flip side, (when observing blue chips) Luka Koper observed a decrease of 1.62%.