The company engages in the production of refined deodorized sunflower oil, modified vegetable fats, hard and soft margarine, mayonnaise, melted butter, and confectionary products. It also produces mayonnaises, mustard, vinegar, and tomato paste. The company exports its products to Russia, Belarus, Kazakhstan, Uzbekistan, Armenia, and Georgia. Its products are used in food and dairy industries, as well as for bakery products. The company was founded in 1991 and is based in Kirovograd, Ukraine. It employs over 1700 people.
Website: http://creativ-group.com.ua/en/
Bloomberg code: 4C8A GR
The company is very cheap: its current market capitalization ($139 million) represents 41% of its 2010 annual revenue ($337 million) and only 5 times its net income (which was $31 million in 2010). Its price/earnings ratio (2010) is 4.6.
A management presentation is available here: http://www.eigenkapitalforum.com/092/presentations/f2/Creative%20Industrial%20Group.pdf
Buying for a total of $10,000 at the price of $13.6 per share (or EUR 10 per share). See the stock chart below in euros.
Hat tip: Olivier
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