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 ($) 7.802
Market Cap ($m) 277
Enterprise Value ($m) 419
Shares Outstanding 35,500,464
Code IMC PW

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2019 2020 2021 2022 2023
Sales ($m) 170 161 *** *** ***
EBITDA ($m) 39 72 *** *** ***
Net Income ($m) 7 32 *** *** ***
Net Debt ($m) 145 114 *** *** ***
Indicator 2019 2020 2021 2022 2023
P/E 37.85 8.74 *** *** ***
P/Sales 1.63 1.72 *** *** ***
EV/EBITDA 10.7 5.4 *** *** ***
P/Book 2.08 2.00 *** *** ***

Latest news about IMC

Nov 26, 2024
| Food & Agriculture

IMC — Reports 3Q/9M24 financial results

WSE-listed Ukrainian agricultural producer IMC reported 9M24 sales of $141m (+43% y-o-y), a gain from change in fair value of biological assets (IAS 41) of $62m (+2.6x), EBITDA of $71m (+5.1x; incl. IFRS 16), and net income of $47m (vs. net loss of $2.3m in 9M23). Based on these figures, IMC booked 3Q24 sales of $32m (+21% y-o-y), an IAS 41 gain of $35m (+88x), EBITDA of $33m (vs. -$3.2m in 3Q23), and net income of $26m (vs. $8.5m net loss in 3Q23), for EBITDA and net margins of 49.9% (+61.7pp y-o-y) and 38.3% (+69.7pp).
Sep 03, 2024
| Food & Agriculture

IMC — Reports 2Q/1H24 financial results

WSE-listed Ukrainian agricultural producer IMC reported 1H24 sales of $108m (+51% y-o-y), a gain from change in fair value of biological assets (IAS 41) of $28m (+19%), EBITDA of $38m (+121%; incl. IFRS 16), and net income of $22m (+3.4x). Based on these figures, IMC booked 2Q24 sales of $49m (+64% y-o-y), an IAS 41 gain of $27m (+25%), EBITDA of $33m (+112%), and net income of $25m (+144%), for EBITDA and net margins of 67.7% (+15.4pp y-o-y) and 51.6% (+16.9pp).
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