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 ($) 6.305
Market Cap ($m) 153
Enterprise Value ($m) 254
Shares Outstanding 24,310,102
Code AST PW

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2018 2019 2020 2021E 2022E
Sales ($m) 440 503 *** *** ***
EBITDA ($m) 74 86 *** *** ***
Net Income ($m) (22) 1 *** *** ***
Net Debt ($m) 371 308 *** *** ***
Indicator 2018 2019 2020 2021E 2022E
P/E neg. 111.27 *** *** ***
P/Sales 0.35 0.30 *** *** ***
EV/EBITDA 7.1 5.3 *** *** ***
P/Book 0.37 0.31 *** *** ***

Latest news about Astarta Holding

May 19, 2022
| Food & Agriculture

Corporates: Astarta Holding

Astarta Holding yesterday hosted a conference call to discuss its 1Q22 financial results. Astarta reported 1Q22 sales of $135m (+35% y-o-y), EBITDA of $26m (+12%), and net income of $3m (-33% y-o-y). Crop farming was the key revenue driver, its sales quadrupling y-o-y to $71m on stronger grain sales volumes in 2M22 (232 kt, +2.9x y-o-y) and higher grain prices. Sugar segment revenues slid by 36% y-o-y to $22m, with a 44% y-o-y decline in volume sales (to 33 kt) partially offset by 12% y-o-y selling price growth (to $646/t).
May 18, 2022
| Food & Agriculture

Corporates: Astarta Holding

Astarta Holding published its 1Q22 financial results, reporting 1Q22 sales of $135m (+35% y-o-y), EBITDA of $26m (+12%), and net income of $3m (-33% y-o-y). Crop farming was the main revenue driver, its sales quadrupling y-o-y to $71m on stronger grain sales in 2M22 (232 kt, +2.9x y-o-y) and higher prices (corn +31% y-o-y to $262/t). Sugar segment revenues fell 36% y-o-y to $22m, with a 44% y-o-y drop in volumes (to 33 kt) partially offset by 12% y-o-y selling price growth (to $646/t). Similarly, lower selling volumes caused a 17% y-o-y drop in soybean segment sales (to $29m).
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