Ukrainian Coke Industry
- Дата выхода отчёта: 28 февраля 2007 г.
- География исследования: Украина
- Период исследования: 2006 (актуализация по запросу)
- Язык отчёта: Английский
- Способ предоставления: электронный
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Содержание
1. Investment Case
Chinese coke displaces Ukrainian exports
Export outlook for 2007: Scant
2006 Recovery backed by an increase in local consumption
Domestic consumption: outlook favorable for 2007-2008
Domestic coking coal balance: 30-35% annual supply deficit
Hooked on Russian coal imports
Coal supplies: Only a few can feel comfortable
Basic assumptions
2. Avdiyivka Coke
Sum-of-the-parts valuation
3. Alchevsk Coke
Alchevsk Coke. DCF model
4. Zaporizh Coke
5. Yasynivsky Coke
Sensitivity analysis: Implied share price, USD
6. Bagliy Coke
7. Donetsk Coke (Best Case Scenario)
8. Company Profiles
8.1 Avdiyivka Coke
MARKET INFORMATION
STOCK OWNERSHIP
MARKET MULTIPLES
KEY RATIOS
INVESTMENT CASE
SHARE PRICE PERFORMANCE*
FINANCIAL STATEMENTS
8.2 Alchevsk Coke
MARKET INFORMATION
STOCK OWNERSHIP
MARKET MULTIPLES
KEY RATIOS
INVESTMENT CASE
SHARE PRICE PERFORMANCE*
FINANCIAL STATEMENTS
8.3 Zaporizh Coke
MARKET INFORMATION
STOCK OWNERSHIP
MARKET MULTIPLES
KEY RATIOS
INVESTMENT CASE
SHARE PRICE PERFORMANCE*
FINANCIAL STATEMENTS
8.4 Yasynivsky Coke
MARKET INFORMATION
STOCK OWNERSHIP
MARKET MULTIPLES
KEY RATIOS
INVESTMENT CASE
SHARE PRICE PERFORMANCE*
FINANCIAL STATEMENTS
8.5 Bagliy Coke
MARKET INFORMATION
STOCK OWNERSHIP
MARKET MULTIPLES
KEY RATIOS
INVESTMENT CASE
SHARE PRICE PERFORMANCE*
FINANCIAL STATEMENTS
8.6 Donetsk Coke
MARKET INFORMATION
STOCK OWNERSHIP
MARKET MULTIPLES
KEY RATIOS
INVESTMENT CASE
SHARE PRICE PERFORMANCE*
FINANCIAL STATEMENTS
9. Analyst certification
CHARTS
Export prices, USD/mt (FOB)
Ukrainian coke exports, ths mt
Ukrainian coke destinations, ths mt
Domestic coke vs pig iron output
Pig iron production drives domestic coke consumption
Quarterly production, mln mt
Production growth by plant, 2006
Ukrainian coking coal balance, mln mt*
Coal import price, DAF USD/mt*
Coke price in Ukraine, USD/mt
AVDK Quarterly analysis
ALKZ Quarterly analysis
ZACO Quarterly analysis
YASK Quarterly analysis
BKOK Quarterly analysis
DKOK Quarterly analysis
KEY TABLES
Coke makers' coal suppliers:
Avdiyivka Coke. DCF
Sensitivity analysis: Implied share price, USD
Zaporizh Coke. DCF model
Sensitivity analysis: Implied share price, USD
Yasynivsky Coke. DCF model
Bagliy Coke. DCF model
Donetsk Coke (Best Case Scenario). DCF model