Companies

Farmak (FARM)

Business Profile

Farmak is the largest pharmaceuticals producer in Ukraine with 5.0% of total domestic pharma sales and 18% of total domestic pharma production in 2012. Exports accounted for 16% of 2012 sales. The company is pursuing a new export-oriented business strategy that calls for boosting the share of export sales to 40% by 2020.

Financial Summary

Indicator2014201520162017E2018F
Sales ($m)211164************
EBITDA ($m)5944************
Net Income ($m)2019************
Net Debt ($m)3428************

Valuation Summary

Indicator2014201520162017E2018F
P/E4.75.1************
P/Sales0.450.57************
EV/EBITDA2.22.8************
P/Book0.851.06************
Prices are quoted in UAH.


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