Companies

SUN InBev Ukraine (SUNI)

Business Profile

Sun InBev Ukraine was the largest domestic beer producer in 2010 with an estimated market share of 33.8%. The company is a subsidiary of Anheuser-Busch InBev, the world’s largest brewer in volume terms. Sun InBev Ukraine operates three breweries: Rogan (Kharkiv), Yantar (Mykolayiv) and Desna (Chernihiv), with total annual capacity of 15.5 Mhl.

Financial Summary

Indicator2014201520162017E2018F
Sales ($m)279175************
EBITDA ($m)(68)12************
Net Income ($m)(34)(12)************
Net Debt ($m)1115************

Valuation Summary

Indicator2014201520162017E2018F
P/Eneg.neg.************
P/Sales0.320.51************
EV/EBITDAneg.8.9************
P/Book1.463.08************
Prices are quoted in UAH.


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