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 ($) 3.554
Market Cap ($m) 126
Enterprise Value ($m) 301
Shares Outstanding 35,500,464
Code IMC PW

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2018 2019 2020 2021 2022E
Sales ($m) 132 170 *** *** ***
EBITDA ($m) 51 39 *** *** ***
Net Income ($m) 28 7 *** *** ***
Net Debt ($m) 55 145 *** *** ***
Indicator 2018 2019 2020 2021 2022E
P/E 4.57 17.24 *** *** ***
P/Sales 0.96 0.74 *** *** ***
EV/EBITDA 3.6 6.9 *** *** ***
P/Book 1.05 0.95 *** *** ***

Company Peers

Latest news about IMC

Feb 02, 2023
| Food & Agriculture

IMC — Corn harvest 70% complete

WSE-listed Ukrainian agricultural producer IMC published its operating update, reporting its corn harvest being 70% complete as of Feb. 1, with the current corn yield at 10.7 t/ha (+0.9% y-o-y). The company earlier harvested 122 kt of wheat (flat y-o-y), at an average yield of 6.7 t/ha (+18% y-o-y and all-time high), and 64 kt of sunflower seed (-30%), at 3.4 t/ha on average (-3.4%). IMC planted 33,000 ha with winter wheat for the 2023 harvest (+80% y-o-y) and plans to have its entire land bank planted in the spring (120,000 ha).
Dec 01, 2022
| Food & Agriculture

IMC — Reports shares allocation under management incentive plan

WSE-listed Ukrainian agricultural producer IMC reported that its CEO, Alex Lissitsa, received 995,340 new shares in IMC S.A. at a fixed price of EUR 0.01 per share under a management incentive plan. Following the transaction, as of Nov. 30, 2022, Mr. Lissitsa owned 1,971,900 or 5.55% shares in IMC.
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