Companies

Avangard (AVGR LI)

Business Profile

Avangard is the largest vertically integrated producer of eggs and dry egg products in Ukraine. The company accounted for 57% of domestic industrial shell egg production (+5pp y-o-y) and 91% of dry egg product output in 2013.

Financial Summary

Indicator2014201520162017E2018F
Sales ($m)420230************
EBITDA ($m)129(1)************
Net Income ($m)(27)(158)************
Net Debt ($m)226305************

Valuation Summary

Indicator2014201520162017E2018F
P/Eneg.neg.************
P/Sales0.060.11************
EV/EBITDA1.9neg.************
P/Book0.040.11************
Prices are quoted in UAH.


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