Companies

AutoKRAZ (KRAZ)

Business Profile

AutoKRAZ is Ukraine’s monopoly producer of heavy trucks. The plant, with annual capacity of 10,000 vehicles, produces 25 types of trucks with payloads of up to 30 tonnes. The company also manufactures a broad range of components and spare parts for its trucks. AutoKRAZ exports about 70% of its output, mostly to Russia and other CIS countries as well as Poland, Bulgaria, Egypt, Nigeria and Mongolia. AutoKRAZ reports its financial statements as a holding company, consolidating (by equity method) Finance & Credit group’s machine-building assets, including Stakhaniv Rail Car, Zaliv Shipyard and others.

Financial Summary

Indicator201020112012E2013E2014F
Sales ($m)7685************
EBITDA ($m)96************
Net Income ($m)1(22)************
Net Debt ($m)70175************

Valuation Summary

Indicator201020112012E2013E2014F
P/E5.8neg.************
P/Sales0.100.09************
EV/EBITDA8.330.9************
P/Book0.040.05************
Prices are quoted in UAH.


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