KSG Agro

KSG Agro is an integrated agricultural producer operating in central Ukraine and specializing in crop growing (sunflower, wheat, barley and rapeseed) and pig farming. The company also produces wheat flour, sunflower oil and meat products as well as manufactures fuel pellets. Its end-2015 land bank stood at 61,000 ha, including 33,000 ha of operational arable land, mainly in the Dnipropetrovsk region, and 28,000 ha in the Russian-annexed Crimea, which KSG Agro has no access to.

Shareholders Structure

SUMMARY

Market Price ($) 0.321
Market Cap ($m) 5
Enterprise Value ($m) 49
Shares Outstanding 14,987,828
Code KSG PW

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2016 2017 2018 2019E 2020F
Sales ($m) 21 23 *** *** ***
EBITDA ($m) 17 13 *** *** ***
Net Income ($m) 4 1 *** *** ***
Net Debt ($m) 46 46 *** *** ***
Indicator 2016 2017 2018 2019E 2020F
P/E 1.23 5.38 *** *** ***
P/Sales 0.23 0.21 *** *** ***
EV/EBITDA 2.9 4.0 *** *** ***
P/Book neg. neg. *** *** ***

Latest news about KSG Agro

Jul 29, 2019
| Food & Agriculture

KSG Agro — Reports audited 2018 results

WSE-listed Ukrainian agricultural producer KSG Agro published its audited 2018 results, reporting revenues of $28.3m (+22% y-o-y), gains from change in fair value of biological assets and agricultural produce of $5.5m (-43%), EBITDA of $2.9m (-78%) and net income of $0.5m (-47%).
Jul 18, 2019
| Food & Agriculture

KSG Agro — Restructures foreign loan with 67% discount

WSE-listed Ukrainian agricultural producer KSG Agro reported it has restructured a loan from Landesbank Baden-Wuerttemberg (LBBW), which was attracted to purchase pig farm equipment. Out of the total amount disbursed of EUR 11.5m, the outstanding balance stood at EUR 8.3m and interest at EUR 1.4m, with the sides agreeing KSG would pay 33% of the total due or EUR 3.2m.
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