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 ($) 4.435
Market Cap ($m) 108
Enterprise Value ($m) 280
Shares Outstanding 24,310,102
Code AST PW

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2018 2019 2020 2021 2022E
Sales ($m) 440 503 *** *** ***
EBITDA ($m) 74 86 *** *** ***
Net Income ($m) (22) 1 *** *** ***
Net Debt ($m) 371 308 *** *** ***
Indicator 2018 2019 2020 2021 2022E
P/E neg. 78.28 *** *** ***
P/Sales 0.25 0.21 *** *** ***
EV/EBITDA 6.5 4.8 *** *** ***
P/Book 0.26 0.22 *** *** ***

Latest news about Astarta Holding

Aug 30, 2022
| Food & Agriculture

Astarta Holding — Reports 2Q22 results

WSE-listed Astarta Holding, Ukraine’s largest sugar producer, reported 2Q22 sales of $105m (+28%y-o-y), EBITDA of $48m (-62% y-o-y) and net income of $27m (-74% y-o-y). End-2Q22 net debt stood at $203.3m, including $147.8m of lease liabilities, yielding a Net Debt/LTM EBITDA ratio of 1.2x (vs. 0.7x at end-2021 and 0.7x at end-1Q22).
Aug 25, 2022
| Food & Agriculture

Astarta Holding — Reports early harvest results

WSE-listed Astarta Holding, Ukraine’s largest sugar producer, finished harvesting early crops, threshing 265 kt of winter wheat and 19 kt of winter rapeseed, or 285 kt in total. The winter wheat yield averaged 4.8 t/ha (-17% y-o-y) and rapeseed yield 3.1 t/ha (-3%).
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