Companies

Turboatom (TATM)

Business Profile

Turboatom produces turbine equipment for thermal, nuclear and hydro power plants, supplying 13% of the world’s nuclear power generating capacity, which makes it the world’s fourth-largest turbine producer. In Ukraine, the company’s turbines operate at 40% of the country’s thermal power plants, 85% of nuclear power plants and 95% of hydropower plants. Turboatom’s current capacity allows for annual production of steam and hydro turbines with total generating capacity of 8 GW and 2.1 GW, respectively.

Financial Summary

Indicator20142015201620172018E
Sales ($m)155123************
EBITDA ($m)4988************
Net Income ($m)5475************
Net Debt ($m)(60)(94)************

Valuation Summary

Indicator20142015201620172018E
P/E4.33.1************
P/Sales1.501.89************
EV/EBITDA3.51.6************
P/Book1.421.48************
Prices are quoted in UAH.


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