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

Indicator20132014201520162017E
Sales ($m)661420************
EBITDA ($m)301129************
Net Income ($m)238(27)************
Net Debt ($m)166226************

Valuation Summary

Indicator20132014201520162017E
P/E0.1neg.************
P/Sales0.050.08************
EV/EBITDA0.72.0************
P/Book0.020.05************
Prices are quoted in UAH.


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