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 ($) 10.89
Market Cap ($m) 265
Enterprise Value ($m) 399
Shares Outstanding 24,310,102
Code AST PW

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2017 2018 2019 2020E 2021E
Sales ($m) 516 440 *** *** ***
EBITDA ($m) 131 74 *** *** ***
Net Income ($m) 66 (22) *** *** ***
Net Debt ($m) 156 371 *** *** ***
Indicator 2017 2018 2019 2020E 2021E
P/E 4.00 neg. *** *** ***
P/Sales 0.51 0.60 *** *** ***
EV/EBITDA 3.2 8.6 *** *** ***
P/Book 0.64 0.63 *** *** ***

Latest news about Astarta Holding

Nov 24, 2021
| Food & Agriculture

Astarta Holding — Completes sugar beet harvest

WSE-listed Astarta Holding, Ukraine’s largest sugar producer, harvested 1.6 Mt of sugar beets (up from 1.5 Mt last year), recording an average gross yield of 47 t/ha (+10% y-o-y) and sugar content ratio of 17% (flat y-o-y). Astarta’s refineries have already produced 200 kt of sugar.
Nov 11, 2021
| Food & Agriculture

Astarta Holding — Conference call notes

WSE-listed Astarta Holding, Ukraine’s largest sugar producer, held a conference call on its 3Q/1H21 results. Astarta reported 3Q21 sales of $175m (+25%y-o-y), EBITDA of $41m (+135%) and net income of $16m (vs. $15m loss in 3Q20).
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