Companies

Astarta Holding

Astarta Holding is the largest sugar producer in Ukraine with a 25% share of total output in 2016. The company cultivates 250,000 ha of land in central Ukraine and harvested 910 kt of crops in 2016 (1% of total domestic harvest).

Shareholders Structure

SUMMARY

Market Price ($)	13.43
Market Cap ($m)	326
Enterprise Value ($m)	500
Shares Outstanding	24,310,102
Code	AST PW

Recommendations

FV ($)	****
Upside (%)	****
Recommendation	****

Indicator	2019	2020	2021	2022	2023
Sales ($m)	503	480	***	***	***
EBITDA ($m)	86	128	***	***	***
Net Income ($m)	1	10	***	***	***
Net Debt ($m)	308	159	***	***	***

Indicator	2019	2020	2021	2022	2023
P/E	236.99	33.03	***	***	***
P/Sales	0.65	0.68	***	***	***
EV/EBITDA	7.3	3.8	***	***	***
P/Book	0.67	0.79	***	***	***

Astarta Holding — IFC approves $80m loan for soybean concentrate plant

The IFC Board on Apr. 1 approved an $80m loan package for Astarta Holding, Ukraine’s largest sugar producer, to finance the construction of a soybean protein concentrate plant in Poltava region. The package includes a direct loan of up to $50.7m from IFC, a loan of up to $24.4m under the Economic Resilience Program for Ukraine (ERA) supported by the Netherlands, and a loan of up to $40m from participating lenders, with the total loan amount not exceeding $80m. Other lending parameters were not disclosed.

Mar 06, 2025

| Food & Agriculture

Astarta Holding — To build multi-seed crushing plant in western Ukraine

Astarta Holding, Ukraine’s largest sugar producer, has announced plans to build a $76m multi-seed crushing plant in Khmelnytsky region in western Ukraine. The facility, with a planned oilseed processing capacity of 400 kt p.a. and focus on soybean and rapeseed processing, is expected to be launched in 2026.