Companies

Pokrovskoe Mine (SHCHZ)

Business Profile

Pokrovskoe Mine is a leading Ukrainian producer of high-quality (grade “K”) hard coking coal. Launched in 1990 and currently controlled by local metallurgical group Donetskstal, Pokrovskoe is one of the most modern coal mines in Ukraine. With coal reserves of over 200 Mt, the company boosted its production capacity to 12 Mt after commissioning a second shaft in 4Q11. The company has no own washing plant and has to sell all run-of-mine output to parent company Donetskstal.

Financial Summary

Indicator2014201520162017E2018F
Sales ($m)233146************
EBITDA ($m)(144)26************
Net Income ($m)(74)(19)************
Net Debt ($m)3912************

Valuation Summary

Indicator2014201520162017E2018F
P/Eneg.neg.************
P/Sales0.050.09************
EV/EBITDAneg.0.9************
P/Book0.160.46************
Prices are quoted in UAH.


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