Ukrainian agricultural companies capitalization corrections, February 10-16

In the week of February 10-16, the capitalization of five Ukrainian public agricultural companies revised upward. Under the data of Eavex Capital, the companies' market cap for the reporting period corrected as follows:

1. Kernel: increased by 33.9% to USD 1 755 mln

2. MHP: no change, USD 584 mln

3. Astarta-Kyiv: increased by 9.5% to USD 341 mln

4. IMC: increased by 17.1% to USD 226 mln

5. Agroton: increased by 13.4% to USD 36 mln

6. Milkiland: increased by 33.7% to USD 18 mln

Eavex Capital experts noted that Ukrainian agricultural stocks had a very good week, as they are seen as almost the only available financial instrument for private investors to play the upside "when the news around Ukraine is positive".

"By our estimates, the shares of Ukrainian agricultural companies have further potential for growth, as from a fundamental point of view they are trading at a low P/E (price/earnings) multiple of 4.2x," the analysts added.