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 ($) 9.162
Market Cap ($m) 55
Enterprise Value ($m) 65
Shares Outstanding 6,000,000
Code OVO PW

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2018 2019 2020 2021 2022E
Sales ($m) 125 105 *** *** ***
EBITDA ($m) 22 (16) *** *** ***
Net Income ($m) 17 (20) *** *** ***
Net Debt ($m) (5) 6 *** *** ***
Indicator 2018 2019 2020 2021 2022E
P/E 3.15 neg. *** *** ***
P/Sales 0.44 0.53 *** *** ***
EV/EBITDA 2.3 neg. *** *** ***
P/Book 0.43 0.45 *** *** ***

Latest news about Ovostar Union

Jul 07, 2022
| Food & Agriculture

Ovostar Union — Reports 2021 financial results

WSE-listed Ovostar Union, the largest shell egg producer in Ukraine, reported 2021 net sales of $133.4m (+35% y-o-y), EBITDA of $5.7m (-29%) and net income of $1.7m (-36%). Exports generated 28% of the top line. End-2021 debt stood at $12.9m while cash totaled $2.4m, for net debt of $10.4m and Net Debt/EBITDA of 1.84x (vs. 1.15x at end-2020).
May 26, 2022
| Food & Agriculture

Corporates: Ovostar Union

Ovostar Union reported 1Q22 net sales of $27.7m (-14% y-o-y), EBITDA loss of $14.6m (vs. +$5.4m in 1Q21) and net loss of $16.4m (vs. $4.7m net income in 1Q21). Exports generated 21% of the top line (vs. 27% in 1Q21).
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