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 ($) 7.421
Market Cap ($m) 180
Enterprise Value ($m) 343
Shares Outstanding 24,310,102
Code AST PW

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2018 2019 2020 2021 2022
Sales ($m) 440 503 *** *** ***
EBITDA ($m) 74 86 *** *** ***
Net Income ($m) (22) 1 *** *** ***
Net Debt ($m) 371 308 *** *** ***
Indicator 2018 2019 2020 2021 2022
P/E neg. 130.98 *** *** ***
P/Sales 0.41 0.36 *** *** ***
EV/EBITDA 7.5 5.6 *** *** ***
P/Book 0.43 0.37 *** *** ***

Latest news about Astarta Holding

Jan 29, 2024
| Food & Agriculture

Astarta Holding — 4Q23 crop sales at record high; 2023 sugar production up 34% y-o-y

WSE-listed Astarta Holding, Ukraine’s largest sugar producer, published its 4Q23 operating update, reporting sugar sales of 81 kt, down 2.7% q-o-q but up 30% y-o-y, delivered at an average sale price of $663/t, down 9.2% q-o-q and 5.4% y-o-y. Grain and oilseed sales surged by 7.6x q-o-q and 2.1x y-o-y to 537 kt, including 285 kt of wheat and 174 kt of corn. Wheat selling prices averaged $237/t, up 36% q-o-q but down 7.6% y-o-y, while corn averaged $215/t (+62% q-o-q, -18% y-o-y). Soybean oil sales totaled 10 kt in 4Q23 (+10% q-o-q, -3.0% y‑o-y) while soybean meal sales jumped by 53% q-o-q and 24% y-o-y to 45 kt. The average selling price of soybean oil fell by 2.2% q-o-q and 35% y-o-y to $812/t and that of meal declined by 7.3% q-o-q to $486/t (+1.4% y-o-y). Lastly, 4Q23 raw milk sales stood at 28 kt (+8.4% q-o-q, +5.3% y-o-y), averaging $434/t in price (+24% q-o-q and 16% y-o-y). Separately, Astarta reported 2023 sugar production of 377 kt, up 34% y-o-y and marking a five-year high.
Jan 05, 2024
| Food & Agriculture

Astarta Holding — Raises $60m loan from Oschadbank for soybean concentrate project

WSE-listed Astarta Holding, Ukraine’s largest sugar producer, has raised a $60m seven-year loan from state-owned Oschadbank to finance construction of a soybean protein concentrate plant in the Poltava region.
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