Companies

Astarta Holding (AST PW)

Business Profile

Astarta Holding is the largest sugar producer in Ukraine with a 25% share of total output in 2013 (+6pp y-o-y). The company cultivates 245,000 ha of land in central Ukraine and harvested 760 kt of crops in 2013 (1.2% of Ukraine’s total).

Financial Summary

Indicator20142015201620172018E
Sales ($m)463350************
EBITDA ($m)148143************
Net Income ($m)(85)17************
Net Debt ($m)264189************

Valuation Summary

Indicator20142015201620172018E
P/Eneg.17.2************
P/Sales0.630.84************
EV/EBITDA3.83.4************
P/Book1.091.11************
Prices are quoted in UAH.


*Data available to Dragon Capital's institutional clients only.