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

Indicator20142015201620172018E
Sales ($m)211164************
EBITDA ($m)5944************
Net Income ($m)2019************
Net Debt ($m)3428************

Valuation Summary

Indicator20142015201620172018E
P/E4.85.2************
P/Sales0.460.59************
EV/EBITDA2.22.8************
P/Book0.871.08************
Prices are quoted in UAH.


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