Companies

Coal Energy (CLE PW)

Business Profile

Coal Energy is one of the largest private coal producers in Ukraine, focusing on the thermal coal market. The company has eight coal mining operations with JORC-based marketable reserves of 235 Mt and a coal waste processing facility. Coal Energy has relied on comparatively less costly brownfield expansion via restructuring of inefficient former state mines. Its main customers include domestic power generating and coking plants.

Financial Summary

Indicator2014201520162017E2018F
Sales ($m)89-************
EBITDA ($m)--************
Net Income ($m)(48)-************
Net Debt ($m)106-************

Valuation Summary

Indicator2014201520162017E2018F
P/Eneg.-************
P/Sales0.11-************
EV/EBITDA--************
P/Book0.41-************
Prices are quoted in UAH.


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