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 ($)	7.243
Market Cap ($m)	176
Enterprise Value ($m)	338
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.	127.84	***	***	***
P/Sales	0.40	0.35	***	***	***
EV/EBITDA	7.4	5.6	***	***	***
P/Book	0.42	0.36	***	***	***

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Latest news about Astarta Holding

Aug 30, 2023

| Food & Agriculture

Astarta Holding — Reports 2Q/1H23 financial results

WSE-listed Astarta Holding, Ukraine’s largest sugar producer, reported 2Q23 net sales of $135m (+28% y-o-y), EBITDA of $65m (+34%) and net income of $42m (up 55%). End-1H23 net debt stood at $144m, including $123m of lease liabilities, yielding a Net Debt/LTM EBITDA ratio of 0.7x (vs. 1.0x at end-2022). Astarta has scheduled a conference call for 16:00 Kyiv time today.

Aug 25, 2023

| Food & Agriculture

Astarta Holding — 2023 wheat yield up 33% y-o-y

WSE-listed Astarta Holding, Ukraine’s largest sugar producer, finished its winter crop harvest, gathering 271 kt of wheat at an average yield of 6.3 t/ha (+33% y-o-y) and 56 kt of rapeseed at 4.1 t/ha, up 32% y-o-y and a new record high.

Frontmen Agency