WSE:AST

Stock Analysis Report

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Executive Summary

ASTARTA Holding N.V., through its subsidiaries, engages in the sugar production, crop growing, soybean processing, and cattle farming businesses in Ukraine, Euroland, Asia, Australia, Oceania, CIS, and internationally. More Details


Snowflake Analysis

Excellent 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

Stable Share Price: AST's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

20.0%

AST

4.6%

PL Food

1.5%

PL Market


1 Year Return

25.5%

AST

-0.8%

PL Food

-17.5%

PL Market

Return vs Industry: AST exceeded the Polish Food industry which returned -0.5% over the past year.

Return vs Market: AST exceeded the Polish Market which returned -17.5% over the past year.


Shareholder returns

ASTIndustryMarket
7 Day20.0%4.6%1.5%
30 Day16.9%2.5%-2.6%
90 Day29.8%-0.3%-9.9%
1 Year25.5%25.5%2.3%-0.8%-16.8%-17.5%
3 Year-58.2%-58.2%-19.8%-25.9%-26.4%-30.7%
5 Year-39.1%-39.1%-10.8%-21.5%-14.5%-23.8%

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

Below Fair Value: AST (PLN20.7) is trading below our estimate of fair value (PLN128.33)

Significantly Below Fair Value: 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 PL 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

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 (0.3x) 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 1 analyst?

6.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if AST's forecast earnings growth is above the savings rate (2.9%).

Earnings vs Market: Insufficient data to determine if AST's earnings are forecast to grow faster than the Polish market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AST's revenue (6.9% per year) is forecast to grow faster than the Polish market (4.7% per year).

High Growth Revenue: AST's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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?

-34.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AST is currently unprofitable.

Growing Profit Margin: AST is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AST is unprofitable, and losses have increased over the past 5 years at a rate of 34.6% 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 (-29.4%).


Return on Equity

High ROE: AST has a negative Return on Equity (-5%), as it is currently unprofitable.


Next Steps

Financial Health

How is ASTARTA Holding's financial position?


Financial Position Analysis

Short Term Liabilities: AST's short term assets (UAH7.8B) exceed its short term liabilities (UAH5.0B).

Long Term Liabilities: AST's short term assets (UAH7.8B) exceed its long term liabilities (UAH2.9B).


Debt to Equity History and Analysis

Debt Level: AST's debt to equity ratio (30.9%) is considered satisfactory.

Reducing Debt: AST's debt to equity ratio has reduced from 99.3% to 30.9% over the past 5 years.

Debt Coverage: AST's debt is well covered by operating cash flow (92.6%).

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


Balance Sheet


Next Steps

Dividend

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

5.65%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Viktor Ivanchyk (64 yo)

14.33yrs

Tenure

₴352,000

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 ($USD11.12M) is above average for companies of similar size in the Polish market ($USD150.83K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Viktor Ivanchyk
Founder14.33yrs₴352.00k40.7%
UAH 204.8m
Viktor Gladkyi
CFO, Financial Director & Executive Director6.33yrs₴277.00k0.031%
UAH 154.7k
Marc M. M. L. van Campen
Chief Corporate Officer & Executive Director14.33yrs₴40.00kno data
Zeljko Erceg
Operations Directorno datano datano data
Yuliya Bereshchenko
Business Development & IR Directorno datano datano data
Liliia Timakina
Corporate Secretary & Director of Legal Issues3.25yrsno datano data
Svitlana Mozgova
Head of HRno datano datano data
Inna Efimchuk
Head of Sugar Beet Procurement3.25yrsno datano data
Valery Sokolenko
Head of Sugar Production3.17yrsno datano data
Vadym Skrypnyk
Head of Agriculture1.75yrsno datano data
Oleksandr Voinalovych
Head of IT Development Department0.75yrno datano data
Cezary Maciborski
Commercial Director2.42yrsno datano data

3.2yrs

Average Tenure

64yo

Average Age

Experienced Management: AST's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Viktor Ivanchyk
Founder14.33yrs₴352.00k40.7%
UAH 204.8m
Viktor Gladkyi
CFO, Financial Director & Executive Director6.33yrs₴277.00k0.031%
UAH 154.7k
Marc M. M. L. van Campen
Chief Corporate Officer & Executive Director14.33yrs₴40.00kno data
Howard Dahl
Independent Chairman3.58yrs₴80.00k0.028%
UAH 139.0k
Gilles Mettetal
Independent Non-Executive Director2.42yrs₴44.00kno data
Huseyin Arslan
Non-Executive Director1.42yrs₴40.00kno data

5.0yrs

Average Tenure

61.5yo

Average Age

Experienced Board: AST's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AST insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: zł503.219m
  • 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
0O0CLSE (London Stock Exchange)YesOrdinary SharesGBPLNAug 2006

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 22:02
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.