WSE:AST

Stock Analysis Report

Executive Summary

ASTARTA Holding N.V., through its subsidiaries, engages in the sugar production, crop growing, soybean processing, and cattle farming businesses in Ukraine, Europe, CIS, and Asia.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Share Price & News

How has ASTARTA Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.8%

AST

-1.0%

PL Food

1.1%

PL Market


1 Year Return

-42.8%

AST

-15.4%

PL Food

-3.2%

PL Market

Return vs Industry: AST underperformed the Polish Food industry which returned -15.4% over the past year.

Return vs Market: AST underperformed the Polish Market which returned -3.2% over the past year.


Shareholder returns

ASTIndustryMarket
7 Day-6.8%-1.0%1.1%
30 Day-24.4%-3.7%-2.6%
90 Day-30.0%-14.9%-7.7%
1 Year-42.8%-42.8%-13.0%-15.4%-0.3%-3.2%
3 Year-67.8%-67.8%-21.4%-27.2%11.6%3.6%
5 Year-48.1%-48.1%33.3%17.0%0.2%-11.9%

Price Volatility Vs. Market

How volatile is ASTARTA Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ASTARTA Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: AST (PLN17.15) is trading below our estimate of fair value (PLN122.58)

Significantly Undervalued: AST is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AST is unprofitable, so we can't compare its PE Ratio to the Food industry average.

PE vs Market: AST is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate AST's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AST is good value based on its PB Ratio (0.2x) compared to the PL Food industry average (0.7x).


Next Steps

Future Growth

How is ASTARTA Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

23.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AST is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: AST is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: AST is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: AST's revenue (0.8% per year) is forecast to grow slower than the Polish market (5.4% per year).

High Growth Revenue: AST's revenue (0.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if AST's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has ASTARTA Holding performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AST is unprofitable, but has reduced losses over the past 5 years at a rate of 11.3% per year.

Accelerating Growth: Unable to compare AST's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AST is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (30.1%).


Return on Equity

High ROE: AST has a negative Return on Equity (-7.73%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: AST is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: AST is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is ASTARTA Holding's financial position?


Financial Position Analysis

Short Term Liabilities: AST's short term assets (UAH10.3B) exceeds its short term liabilities (UAH7.3B)

Long Term Liabilities: AST's short term assets (10.3B) exceeds its long term liabilities (2.5B)


Debt to Equity History and Analysis

Debt Level: AST's debt to equity ratio (44.8%) is considered high

Reducing Debt: AST's debt to equity ratio has reduced from 68.1% to 44.8% over the past 5 years.

Debt Coverage: AST's debt is well covered by operating cash flow (40.6%).

Interest Coverage: AST is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: AST has a high level of physical assets or inventory.

Debt Coverage by Assets: AST's debt is covered by short term assets (assets are 1.851340x debt).


Next Steps

Dividend

What is ASTARTA Holding's current dividend yield, its reliability and sustainability?

3.08%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%7.4%industryaverage4.1%forecastin3Years3.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate AST's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AST's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if AST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AST's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AST's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

What is the CEO of ASTARTA Holding's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Viktor Ivanchyk (63yo)

13.3yrs

Tenure

₴340,635

Compensation

Mr. Viktor Petrovych Ivanchyk has been the Chief Executive Officer of Astarta Holding NV since June 09, 2006 and serves as its General Director. In 1993, Mr. Ivanchyk founded and since then has been the Ge ...


CEO Compensation Analysis

Compensation vs. Market: Viktor's total compensation ($USD375.40K) is above average for companies of similar size in the Polish market ($USD0.00).

Compensation vs Earnings: Viktor's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.8yrs

Average Tenure

63yo

Average Age

Experienced Management: AST's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

5.3yrs

Average Tenure

63yo

Average Age

Experienced Board: AST's board of directors are considered experienced (5.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₴4,972,70321 May 19
Viktor Ivanchyk
EntityIndividual
Role
Chief Executive Officer
Founder
Shares201,324
Max Price₴24.70
Buy₴12,32017 Apr 19
Viktor Ivanchyk
EntityIndividual
Role
Chief Executive Officer
Founder
Shares459
Max Price₴26.84
Buy₴56,61012 Apr 19
Viktor Ivanchyk
EntityIndividual
Role
Chief Executive Officer
Founder
Shares2,209
Max Price₴26.45
Buy₴380,77609 Apr 19
Viktor Ivanchyk
EntityIndividual
Role
Chief Executive Officer
Founder
Shares16,513
Max Price₴23.50

Ownership Breakdown


Management Team

  • Viktor Ivanchyk (63yo)

    Founder

    • Tenure: 13.3yrs
    • Compensation: ₴340.64k
  • Marc M. M. L. van Campen (75yo)

    Chief Corporate Officer & Executive Director

    • Tenure: 13.3yrs
    • Compensation: ₴43.57k
  • Viktor Gladkyi (56yo)

    CFO, Financial Director & Executive Director

    • Tenure: 5.3yrs
    • Compensation: ₴570.77k
  • Zeljko Erceg

    Operations Director

    • Tenure: 0yrs
  • Valerii Pavlenko

    Head of Procurement & Logistics Department

    • Tenure: 3.4yrs
  • Liliya Timakina

    Corporate Secretary & Director of Legal Issues

    • Tenure: 2.3yrs
  • Svitlana Mozgova

    Head of HR

    • Tenure: 0yrs
  • Inna Efimchuk

    Head of Sugar Beet Procurement

    • Tenure: 2.3yrs
  • Valery Sokolenko

    Head of Sugar Production

    • Tenure: 2.2yrs
  • Yuliya Bereshchenko

    Business Development & IR Director

    • Tenure: 0yrs

Board Members

  • Howard Dahl (70yo)

    Chairman

    • Tenure: 2.6yrs
    • Compensation: ₴89.60k
  • Viktor Ivanchyk (63yo)

    Founder

    • Tenure: 13.3yrs
    • Compensation: ₴340.64k
  • Marc M. M. L. van Campen (75yo)

    Chief Corporate Officer & Executive Director

    • Tenure: 13.3yrs
    • Compensation: ₴43.57k
  • Viktor Gladkyi (56yo)

    CFO, Financial Director & Executive Director

    • Tenure: 5.3yrs
    • Compensation: ₴570.77k
  • Gilles Mettetal (58yo)

    Non-Executive Director

    • Tenure: 1.4yrs
    • Compensation: ₴45.23k

Company Information

ASTARTA Holding N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ASTARTA Holding N.V.
  • Ticker: AST
  • Exchange: WSE
  • Founded: 1993
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: zł416.918m
  • Shares outstanding: 24.31m
  • Website: https://www.astartaholding.com

Number of Employees


Location

  • ASTARTA Holding N.V.
  • Jan Van Goyenkade, 8
  • Amsterdam
  • Noord-Holland
  • 1075 HP
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASTWSE (Warsaw Stock Exchange)YesOrdinary SharesPLPLNAug 2006

Biography

ASTARTA Holding N.V., through its subsidiaries, engages in the sugar production, crop growing, soybean processing, and cattle farming businesses in Ukraine, Europe, CIS, and Asia. The company operates thro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:50
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.