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 ($)	7.728
Market Cap ($m)	188
Enterprise Value ($m)	350
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.	136.39	***	***	***
P/Sales	0.43	0.37	***	***	***
EV/EBITDA	7.6	5.7	***	***	***
P/Book	0.45	0.38	***	***	***

Back to companies

Latest news about Astarta Holding

May 26, 2023

| Food & Agriculture

Astarta Holding — AGM approves DPS of EUR 0.50

An AGM of WSE-listed Astarta Holding, held on May 24, approved an annual dividend of EUR 12.5m (EUR 0.50 per share) based on 2022 NI of EUR 65.2m, to be paid on Jun. 16, 2023 (payment date) to shareholders on the register at the close of business on Jun. 2, 2023 (record date). No withholding tax will be applied in Cyprus to the amounts payable.

May 18, 2023

| Food & Agriculture

Astarta Holding — Reports 1Q23 financial results

WSE-listed Astarta Holding, Ukraine’s largest sugar producer, reported 1Q23 net sales of $175m (+30% y-o-y), EBITDA of $41m (+55%), and net income of $17m (+5.9x). End-1Q23 net debt stood at $142m, including $123m of lease liabilities, yielding a Net Debt/ EBITDA ratio of 0.8x (vs. 1.0x at end-2022). Astarta will hold a conference call at 16:00 Kyiv time today.

Frontmen Agency