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

Indicator20132014201520162017E
Sales ($m)491463************
EBITDA ($m)82148************
Net Income ($m)30(85)************
Net Debt ($m)365264************

Valuation Summary

Indicator20132014201520162017E
P/E14.9neg.************
P/Sales0.910.96************
EV/EBITDA9.94.8************
P/Book0.831.66************
Prices are quoted in UAH.


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