IMC

IMC is an integrated agribusiness operating 136,600 ha of farmland and 554 kt of storage capacity in northern and central Ukraine. The company focuses on growing, storing and processing crops such as corn, wheat, sunflower, soybeans and potatoes (99% of 2016 revenue). IMC is also involved in cattle breeding and milk production, remaining one of Ukraine’s top-10 industrial milk producers.

Shareholders Structure

SUMMARY

Market Price ($) 8.244
Market Cap ($m) 293
Enterprise Value ($m) 376
Shares Outstanding 35,500,464
Code IMC PW

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2020 2021 2022 2023 2024
Sales ($m) 161 182 *** *** ***
EBITDA ($m) 72 110 *** *** ***
Net Income ($m) 32 79 *** *** ***
Net Debt ($m) 114 175 *** *** ***
Indicator 2020 2021 2022 2023 2024
P/E 9.23 3.72 *** *** ***
P/Sales 1.81 1.61 *** *** ***
EV/EBITDA 5.7 4.2 *** *** ***
P/Book 2.11 1.53 *** *** ***

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Latest news about IMC

Jul 10, 2025
| Food & Agriculture

Ukraine starts harvesting early crops

Ukrainian farmers began harvesting early crops in late June, with the harvested area reaching 0.4 Mha as of Jul. 3 — down 67% y-o-y and representing 2.0% of the total area under grain and oilseed crops.
May 02, 2025
| Food & Agriculture

IMC — Reports strong 2024 financial results

WSE-listed Ukrainian agricultural producer IMC reported 2024 sales of $211m (+52% y-o-y), a gain from change in fair value of biological assets (IAS 41) of $76m (+5.0x), EBITDA of $86m (+26.8x; incl. IFRS 16), and net income of $55m (vs. net loss of $21m in 2023). Based on these figures, IMC booked 4Q24 sales of $71m (+73% y-o-y), an IAS 41 gain of $14m (vs. -$8m in 4Q23), EBITDA of $15m (vs. -$11m in 4Q23), and net income of $7m (vs. $19m net loss in 4Q23), for EBITDA and net margins of 17.8% (+50.6pp y-o-y) and 8.7% (+66.7pp).
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