Ovostar Union

Ovostar Union is a leading shell egg producer in Ukraine with an 18% market share in volume terms in 2016 (+6.0pp y-o-y). The company produced 1,479 million shell eggs last year (+24% y-o-y). Ovostar accounts for 97% of domestic production of liquid egg products and has a 23% share of dry egg products.

Shareholders Structure

SUMMARY

Market Price ($) 19.19
Market Cap ($m) 115
Enterprise Value ($m) 122
Shares Outstanding 6,000,000
Code OVO PW

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2017 2018 2019 2020 2021E
Sales ($m) 99 125 *** *** ***
EBITDA ($m) 27 22 *** *** ***
Net Income ($m) 23 17 *** *** ***
Net Debt ($m) (1) (5) *** *** ***
Indicator 2017 2018 2019 2020 2021E
P/E 5.02 6.59 *** *** ***
P/Sales 1.17 0.92 *** *** ***
EV/EBITDA 4.3 5.0 *** *** ***
P/Book 1.08 0.91 *** *** ***

Company Peers

Latest news about Ovostar Union

Jul 23, 2021
| Food & Agriculture

Ovostar Union — Reports 2Q21 operating results

WSE-listed Ovostar Union, one of the largest shell egg producers in Ukraine, published its 2Q21 operating results, reporting a total hen flock of 8.0 million head (-3% y-o-y), including 6.6 million laying hens (-4% y-o-y). Quarterly shell egg production rose 5% y-o-y to 420 million eggs, with volume sales increasing 14% y-o-y to 284 million eggs and exports falling 9% to 80 million eggs (28% of total egg sales, -7pp y-o-y). The average sale price jumped 21% y-o-y to $0.071/egg (yet -18% q-o-q).
May 21, 2021
| Food & Agriculture

Ovostar Union — Fairfax ups stake above 10%

WSE-listed Ovostar Union, one of the largest shell egg producers in Ukraine, announced that Fairfax Financial Holdings Limited exceeded the threshold of 10% of total voting rights in the company on May 20. Fairfax increased its holdings to 623,499 shares or a 10.39% stake.
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