IMC

IMC is an integrated agribusiness operating 136,600 ha of farmland and 554 kt of storage capacity in northern and central Ukraine. The company focuses on growing, storing and processing crops such as corn, wheat, sunflower, soybeans and potatoes (99% of 2016 revenue). IMC is also involved in cattle breeding and milk production, remaining one of Ukraine’s top-10 industrial milk producers.

Shareholders Structure

SUMMARY

Market Price ($) 3.441
Market Cap ($m) 114
Enterprise Value ($m) 133
Shares Outstanding 33,178,000
Code IMC PW

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2016 2017 2018 2019E 2020F
Sales ($m) 125 127 *** *** ***
EBITDA ($m) 59 39 *** *** ***
Net Income ($m) 22 18 *** *** ***
Net Debt ($m) 79 58 *** *** ***
Indicator 2016 2017 2018 2019E 2020F
P/E 5.23 6.42 *** *** ***
P/Sales 0.92 0.90 *** *** ***
EV/EBITDA 3.3 4.4 *** *** ***
P/Book 1.76 1.10 *** *** ***

Latest news about IMC

Nov 27, 2019
| Food & Agriculture

IMC — Completes corn harvest

WSE-listed agricultural producer IMC reported a 2019 corn harvest of 672 kt, gathered from 69,500 ha at a yield of 9.7 t/ha, down 13% y-o-y compared to last year’s record high of 11.1 t/ha and the second best result for the company.
Nov 15, 2019
| Crop growing

IMC — Reports 3Q/9M19 results

WSE-listed agricultural producer IMC reported 9M19 sales of $119m (+46% y-o-y), income from change in fair value of biological assets (IAS 41) of $40m (-36%), EBITDA of $40m (-21%), and net income of $18m (-43%).
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