Turboatom

Turboatom produces turbine equipment for thermal, nuclear and hydro power plants, supplying 13% of the world’s nuclear power generating capacity, which makes it the world’s fourth-largest turbine producer. In Ukraine, the company’s turbines operate at 40% of the country’s thermal power plants, 85% of nuclear power plants and 95% of hydropower plants. Turboatom’s current capacity allows for annual production of steam and hydro turbines with total generating capacity of 8 GW and 2.1 GW, respectively.

Shareholders Structure

SUMMARY

Market Price ($) 0.291
Market Cap ($m) 123
Enterprise Value ($m) 132
Shares Outstanding 422,496,520
Code TATM

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2017 2018 2019 2020 2021E
Sales ($m) 89 96 *** *** ***
EBITDA ($m) 38 42 *** *** ***
Net Income ($m) 27 28 *** *** ***
Net Debt ($m) (9) (17) *** *** ***
Indicator 2017 2018 2019 2020 2021E
P/E 4.61 4.38 *** *** ***
P/Sales 1.38 1.28 *** *** ***
EV/EBITDA 3.0 2.5 *** *** ***
P/Book 0.64 0.61 *** *** ***

Latest news about Turboatom

May 25, 2021
| Turbines

Turboatom — Reports AGM decisions on dividends, weak 2020 results

State-owned Turboatom (TATM), the largest power machinery producer in Ukraine, published yesterday the results of its AGM held on Apr. 29. The company planned to increase the 2018 dividend payout from 50% to 90%, or to UAH 688m ($25m) from the UAH 382m approved by shareholders in April 2019. But as a local court overturned the underlying vote count, no changes were made. For 2019, the AGM approved a 50% payout, or UAH 157m ($6m). Voting on 2020 dividends, shareholders also chose a 50% payout, or UAH 113m ($4m), out of a wide range of 30-90% proposed by management.
Mar 31, 2021
| Manufacturing

Turboatom – Sets AGM for Apr. 29, proposes dividend distribution for 2018-20

State-owned Turboatom (TATM), the largest power machinery producer in Ukraine, scheduled an online AGM for Apr. 29, proposing approving 2019 and 2020 results, new dividends for 2018, and income distribution for 2019-20. The company proposed revising the 2018 dividend payout from 50% of 2018 NI to 90%, thus paying out UAH 688m ($25m) vs. the UAH 382m approved by shareholders in April 2019. For 2019, the company suggested paying out 50% of NI or UAH 157m ($$6m). Lastly, the 2020 payout may range from 30-90% or UAH 68-204m.
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