Companies

Arcelor Mittal Kryviy Rih (KSTL)

Business Profile

ArcelorMittal Kryviy Rih (AMKR), privatized by Mittal Steel for $4.8bn in 2005, is Ukraine’s largest vertically integrated steel producer. The company’s annual production capacity is estimated at 8.1 Mt of crude steel. With over 1,000 Mt of iron ore reserves, AMKR is expected to become a key iron ore supplier to ArcelorMittal’s European steel mills in the medium term.

Financial Summary

Indicator201020112012E2013E2014F
Sales ($m)2,9533,615************
EBITDA ($m)348509************
Net Income ($m)152268************
Net Debt ($m)(4)17************

Valuation Summary

Indicator201020112012E2013E2014F
P/E3.82.1************
P/Sales0.190.16************
EV/EBITDA1.61.2************
P/Book0.400.34************
Prices are quoted in UAH.


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