Companies

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 ($)	0.382
Market Cap ($m)	6
Enterprise Value ($m)	35
Shares Outstanding	14,987,828
Code	KSG PW

Recommendations

FV ($)	****
Upside (%)	****
Recommendation	****

Indicator	2018	2019	2020	2021	2022
Sales ($m)	28	24	***	***	***
EBITDA ($m)	3	10	***	***	***
Net Income ($m)	-	6	***	***	***
Net Debt ($m)	44	28	***	***	***

Indicator	2018	2019	2020	2021	2022
P/E	12.04	0.92	***	***	***
P/Sales	0.20	0.24	***	***	***
EV/EBITDA	17.4	3.6	***	***	***
P/Book	neg.	0.43	***	***	***

KSG Agro — Reports unaudited 2020 financial results

WSE-listed Ukrainian agricultural producer KSG Agro published its 2020 financial results (unaudited), reporting revenues of $21m (-11% y-o-y), gains from change in fair value of biological assets and agricultural produce of $4.4m (-22% y-o-y), EBITDA of $6.5m (up 3.1x y-o-y), and net income of $1.3m (-69% y-o-y).

May 07, 2020

| Food & Agriculture

KSG Agro — Reports unaudited 2019 results

WSE-listed Ukrainian agricultural producer KSG Agro published unaudited 2019 financial results, reporting revenues of $4m (-16% y-o-y), gains from change in fair value of biological assets and agricultural produce of $5.7m (+2% y-o-y), EBITDA of $9.6m (+235% y-o-y) and net income of $6.2m (vs. $0.5m in 2018).