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 ($) 4.360
Market Cap ($m) 236
Enterprise Value ($m) 1,415
Shares Outstanding 54,228,510
Code UNAF

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2016 2017 2018 2019E 2020E
Sales ($m) 852 1,012 *** *** ***
EBITDA ($m) 116 150 *** *** ***
Net Income ($m) (330) 4 *** *** ***
Net Debt ($m) 546 1,172 *** *** ***
Indicator 2016 2017 2018 2019E 2020E
P/E neg. 61.80 *** *** ***
P/Sales 0.28 0.23 *** *** ***
EV/EBITDA 6.7 9.4 *** *** ***
P/Book 2.32 9.00 *** *** ***

Latest news about Ukrnafta

Jun 23, 2020
| Oil & Gas

Ukrnafta — Sells oil at $18/bbl

Ukrnafta sold 1.9 MMbbl of oil at the latest local auction, booking an average price of $18.0/bbl (-20.3% vs. previous auction).
May 08, 2020
| Oil & Gas

Ukrnafta — Reports weak 1Q20 results

Ukrnafta, having not yet published 2019 results, reported 1Q20 financials, booking sales of $161m (-34% q-o-q), negative EBITDA of $33m (vs. +$28m in 1Q19) and a net loss of $31m (vs. net income of $11m in 1Q20).
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