| Market Price ($) | 0.200 |
| Market Cap ($m) | 13 |
| Enterprise Value ($m) | 360 |
| Акції | 6,387,185 |
| Code | AVGR LI |
| FV ($) | **** |
| Upside (%) | **** |
| Recommendation | **** |
| Indicator | 2016 | 2017 | 2018 | 2019E | 2020F |
|---|---|---|---|---|---|
| Sales ($m) | 191 | 128 | *** | *** | *** |
| EBITDA ($m) | 1 | 12 | *** | *** | *** |
| Net Income ($m) | (57) | (7) | *** | *** | *** |
| Net Debt ($m) | 332 | 348 | *** | *** | *** |
| Indicator | 2016 | 2017 | 2018 | 2019E | 2020F |
|---|---|---|---|---|---|
| П/E | neg. | neg. | *** | *** | *** |
| П/Продажі | 0.07 | 0.10 | *** | *** | *** |
| EV/EBITDA | 231.7 | 30.7 | *** | *** | *** |
| П/Книга | 0.09 | 0.15 | *** | *** | *** |
| Year | 2018 |
|---|---|
| Issue Volume ($m) | 200 |
| Coupon Rate (% p.a.) | 10.00% |
| Coupon Frequency | S/A |
| Дата погашення | 10/29/2018 |
| Ratings: Moody`s/S&P/Fitch | -/-/WD |
| Market Price* ($) | 5.00 |
| Market YTM* | - |
| Spread over UST* | - |
| Note: *Based on bid price. | |
| Year | 2018 | 2019E | 2020F |
|---|---|---|---|
| Net Sales ($m) | 170 | *** | *** |
| EBITDA ($m) | (1) | *** | *** |
| Net Income ($m) | (56) | *** | *** |
| EBIT Coverage Ratio (x) | (0.53) | *** | *** |
| Net Debt/Equity (%) | 866.8% | *** | *** |
| Covenants | |
|---|---|
| Max. Consolidated Debt/EBITDA | 3:1 |
| Restriction on payment of dividend | - |
| Financial reports | A - within 120 days; S/A - within 60 days |
| Events of Default | |
| Failure to pay | 14 days |
| Expiry of license, illegality, insolvency etc. | - |
| Judgements | $10m/60 days |