Obermatt

Hrvatski Telekom

ZAG:HT · HRHT00RA0005
Diversified Telecommunication ServicesLarge

360

62
EV / EBIT39
Price / Owner Earnings7
Owner Earnings Yield47
Dividend Yield63
Price/Sales31
EV / Gross Profit58
Price/Book54
Return on Capital69
Cash Return on Capital57
Return on Equity49
EBIT Margin59
Gross Profitability76
Cash Conversion42
Accruals14
Owner Earnings Margin51
Sales growth45
Profit Growth45
Long-Term EPS Growth65
Owner Earnings Growth41
Reinvestment20
Price momentum40
Debt load97
Refinancing86
Debt Payback100
Liquidity87
Analyst ratings35
Opinion Changes50
Price Target Upside34
Market mood57
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Hrvatski Telekom generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryCroatia
IndustryDiversified Telecommunication Services
SizeLarge
TypePublic Company
ExchangeZGSE
Founded1998
Employees1,890
Websitet.ht.hr
ISINHRHT00RA0005
Last UpdateApr 2, 2026
Index & Theme
Video StreamingNetwork BackboneEnterprise Voip and TelephonyVoIPElectronic Money Institutions (EMIs)Data Centers and FacilitiesOptical InfrastructureNewsOnline PortalsSocial News

Description

Hrvatski Telekom d.d., together with its subsidiaries, provides various telecommunications services to residential and corporate customers, small and medium sized businesses, and public sector customers in the Republic of Croatia and internationally.…

Analysis

Middle-of-the-road

Hrvatski Telekom d.d. sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 32.2×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 13% a year, against analyst forecasts of 5%. The gap between price and consensus is worth watching: demanding expectations.

Growth is moderate; the safety picture is sturdy. The company scores 16/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
49
2023202420252026

All-time high

87

Jan 2023

All-time low

14

Mar 2026

Average rank

59

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
31
9
13
23
Price/Earnings
18
7
17
30
Price/Book
54
34
42
68
Dividend Yield
63
36
45
44
Value (overall)
32
5
18
31

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →