Ukrnafta

Ukrnafta is Ukraine’s top oil company, with a 68% production share in 2016, and second-largest gas producer. It also controls the largest network of filling stations in the country (537; selling 17% of total gasoline and diesel and 10% of LPG). Its 2P reserves are estimated at 0.8 billion boe. Privat Group, with a 40%-plus stake, has historically exercised heavy influence over Ukrnafta, though the state is formally a controlling shareholder.

Shareholders Structure

SUMMARY

Market Price ($) 4.219
Market Cap ($m) 229
Enterprise Value ($m) 1,405
Shares Outstanding 54,228,510
Code UNAF

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2017 2018 2019 2020E 2021F
Sales ($m) 1,012 1,328 *** *** ***
EBITDA ($m) 150 452 *** *** ***
Net Income ($m) 4 237 *** *** ***
Net Debt ($m) 1,172 1,179 *** *** ***
Indicator 2017 2018 2019 2020E 2021F
P/E 59.80 0.97 *** *** ***
P/Sales 0.23 0.17 *** *** ***
EV/EBITDA 9.3 3.1 *** *** ***
P/Book 8.71 0.95 *** *** ***

Latest news about Ukrnafta

Aug 19, 2020
| Oil & Gas

Ukrnafta — Sells oil at $37/bbl

Ukrnafta sold 1.8 MMbbl of oil at the latest local auction, 7% less than its previous sale, recording an average price of $36.9/bbl (+105% vs. previous auction).
Aug 03, 2020
| Oil & Gas

Ukrnafta — Reports poor 1H20 results

Ukrnafta reported 1H20 sales of $371m (-28% y-o-y), negative EBITDA of $74m (vs. +$32m in 1H19) and net loss of $96m (vs. breakeven level in 1H19).
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