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 ($)	13.97
Market Cap ($m)	340
Enterprise Value ($m)	513
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	246.56	34.37	***	***	***
P/Sales	0.68	0.71	***	***	***
EV/EBITDA	7.5	3.9	***	***	***
P/Book	0.69	0.82	***	***	***

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Latest news about Astarta Holding

Apr 30, 2025

| Food & Agriculture

Astarta Holding — Reports solid 2024 financials, doesn’t plan to increase dividends

WSE-listed Astarta Holding, Ukraine’s second-largest sugar producer, reported 2024 net sales of $661m (-1.2% y-o-y), EBITDA of $173m (+10% y-o-y), and net income of $90m (+35% y-o-y). The full-year results imply 4Q24 sales of $183m (+40% q-o-q, +25% y-o-y), EBITDA of $29m (-43% q-o-q, -5.6% y-o-y), and net income of $8m (-76% q-o-q, +20% y-o-y).

Apr 24, 2025

| Food & Agriculture

Astarta Holding — Reports 1Q25 operating update

WSE-listed Astarta Holding, Ukraine’s largest sugar producer, reported a 28% q-o-q decline in sugar sales in 1Q25, to 77 kt (+11% y-o-y), priced at $546/t on average. Grain and oilseed sales slid 41% q-o-q to 134 kt (-60% y-o-y). Soybean oil sales fell 7.8% q-o-q to 12 kt (-12% y-o-y), while soybean meal sales increased 1.8% q-o-q to 44 kt (+2.1% y-o-y).