On Friday, during the NASDAQ Bell Ringing Ceremony in New York, the CEO of Kyivstar, answering a question from a dev.ua journalist, reported that the company's approximate capitalization after going public is $2.8 billion.
On Friday, during the NASDAQ Bell Ringing Ceremony in New York, the CEO of Kyivstar, answering a question from a dev.ua journalist, reported that the company's approximate capitalization after going public is $2.8 billion.
"I haven't seen the results of this morning's trading yet, but it's approximately 2.8 billion and this is a multiplier (EV/EBITDA — Ed.) of more than 4. I'll remind you that 2 deals were concluded in Ukraine. One deal was with a multiplier of 3, one was below 3 over the last 5 years in the telecom sector," said Komarov.
The EV/EBITDA multiplier is a financial ratio that shows how many times a company's value exceeds its earnings before interest, taxes, depreciation and amortization (EBITDA).
“The first agreement was before the war,” said Alexander Komarov.
Recall that in 2019, when Bakcell (Baku) bought Vodafone Ukraine for $734 million. Considering that the OIBDA of the Ukrainian company in 2018 was UAH 6.9 billion, Vodafone Ukraine was bought with a multiplier of 2.6 on OIBDA.
We also recall that the French holding NJJ Capital bought lifecell last year for $500 million. The company's adjusted EBITDA for 2023 was UAH 6.809 million. This is approximately $186 million at the exchange rate at that time. Thus, lifecell's EBITDA multiplier was about 2.7.
