How Expensive Are Luka Koper Shares?

The shares of Luka Koper, the operator of Slovenia's sole deep-sea port, have achieved remarkable growth for the second year running, topping the charts on the Ljubljana Stock Exchange. This year alone, the company's stock price surged by 72%, following an impressive 80% rise last year, outperforming all other companies listed in the exchange's first quotation tier.

With the state holding a majority stake, discussions about a potential takeover are not on the table. Instead, the focus is on the company's operational plans and financial outlook. Luka Koper anticipates a 2% increase in sales revenue for the current year, projecting it to reach 384 million euros. This growth is expected to stem from a 3% rise in overall cargo throughput.

However, the company's strategy involves a nuanced shift in cargo types. While container throughput is slated for a modest 1% increase, the throughput of automobiles is projected to decrease by 1%. This adjustment, coupled with other factors, is expected to result in a net profit of 65 million euros. This figure represents a significant drop, nearly 20% less than the profit recorded last year, indicating potential challenges despite revenue growth.