Ukrproduct (UKR) AI Stock Analysis

• Market Cap: £3.17M
• Dividend Yield: N/A
• Average Volume (3M): 5.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.01
• Revenue Growth: 15.00%
• EPS Growth: -592.50%
• Country: UK
• Employees: 813
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): >-0.01
• Shares Outstanding: 39,673,046
• 10 Day Avg. Volume: 3,822
• 30 Day Avg. Volume: 5,583
• PEG Ratio: <0.01
• Price to Book (P/B): 0.50
• Price to Sales (P/S): 0.03
• P/FCF Ratio: 4.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: 8.50p ▲(30.77% Upside)

Ukrproduct's overall stock score is primarily impacted by its weak financial performance and valuation concerns, with high leverage and ongoing losses. Technical analysis provides some positive signals, but the negative P/E ratio and lack of dividend yield weigh heavily. Corporate events offer a mixed picture, with leadership changes and revenue growth countered by financial challenges.

Positive Factors

Distribution & Export Reach

Ukrproduct's established distribution network and export channels create a durable go-to-market advantage, supporting steady shelf presence and diversified demand. This reduces reliance on single markets and helps sustain revenue streams even amid local downturns.

Improving Gross Margins

A sustained uptick in gross margin to 19.2% suggests effective cost controls or improved product mix. If maintained, higher gross margins provide more buffer to absorb SG&A and interest expenses and are a durable contributor to eventual profitability recovery.

Operating Cash Flow Conversion

Operating cash flow remaining positive relative to net income indicates strong cash conversion despite accounting losses. That cash resilience supports working capital, supplier payments and short-term obligations, enhancing the firm's operational sustainability.

Negative Factors

High Financial Leverage

A debt-to-equity ratio >2.8 signals elevated solvency risk and limited balance sheet flexibility. High leverage increases interest burden and vulnerability to revenue shocks, constraining capital allocation and raising the likelihood of covenant stress or refinancing needs.

Persistent Net Losses

Ongoing negative net income erodes retained earnings and shareholders' equity, undermining capital cushions and ROE. Persistent losses limit the firm's ability to self-fund growth or rebuild reserves, making long-term recovery dependent on sustained margin improvement or external capital.

Declining Free Cash Flow

Falling free cash flow reduces capacity to reinvest in production, pay down debt, or absorb shocks. Coupled with high leverage and losses, declining FCF raises the risk the company will need external financing, diluting shareholders or increasing funding costs over the medium term.

Ukrproduct Business Overview & Revenue Model

Company Description

Ukrproduct (UKR) is a leading manufacturer of dairy products and food items in Ukraine, primarily focusing on the production and distribution of a wide range of dairy goods, including cheese, butter, and milk. The company operates in the food processing sector, leveraging advanced technologies and a strong distribution network to cater to both domestic and international markets. Ukrproduct is committed to high-quality standards, ensuring that its products meet consumer demands for taste, nutrition, and safety.

How the Company Makes Money

Ukrproduct generates revenue through the sale of its dairy products, which are distributed through both retail and wholesale channels. Key revenue streams include direct sales to supermarkets, grocery stores, and food service providers, as well as exports to international markets. The company benefits from partnerships with local distributors and retailers, enhancing its market reach. Additionally, by focusing on product innovation and expanding its product line to include value-added items, Ukrproduct aims to capture a larger share of the market, thus contributing to its overall earnings.

Ukrproduct Financial Statement Overview

Summary

Ukrproduct faces significant financial challenges, with declining revenues, high leverage, and negative profitability impacting its financial health. While there are some improvements in cash flow stability and gross margins, these are overshadowed by substantial declines in equity and persistent losses.

Income Statement

Ukrproduct's revenue has been declining over the years, with a noticeable drop from 2019 to 2024. The gross profit margin has slightly improved in 2024 at 19.2%, but the company has struggled with profitability, evidenced by consistently negative net income in recent years. The TTM (Trailing-Twelve-Months) EBIT and EBITDA margins indicate operational challenges. Despite these, there's a slight gross margin improvement, suggesting some cost management success.

Balance Sheet

The company's balance sheet shows high leverage with a debt-to-equity ratio above 2.8 in 2024, indicating financial risk. Stockholders' equity has fallen sharply, reflecting potential solvency concerns. The equity ratio is low, suggesting limited asset backing for liabilities. The negative net income impacts ROE negatively, further indicating financial instability.

Cash Flow

Ukrproduct's cash flow from operations appears relatively stable compared to net income, with a positive operating cash flow to net income ratio in 2024, indicating good cash conversion. However, free cash flow has declined over the years, showing a limited capacity for reinvestment or debt repayment. The company's free cash flow to net income ratio remains positive, indicating some level of cash flow strength despite negative earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.67M	37.08M	36.99M	39.11M	51.98M	55.51M
Gross Profit	7.22M	7.12M	6.85M	6.56M	4.53M	4.73M
EBITDA	480.00K	1.49M	1.97M	727.00K	1.77M	-89.00K
Net Income	-3.13M	-2.04M	390.00K	-804.00K	439.00K	-1.16M
Balance Sheet
Total Assets	16.56M	15.91M	16.79M	17.00M	23.29M	24.36M
Cash, Cash Equivalents and Short-Term Investments	90.00K	120.00K	474.00K	438.00K	352.00K	183.00K
Total Debt	6.19M	5.57M	5.78M	6.12M	6.04M	6.64M
Total Liabilities	14.92M	13.94M	12.25M	12.40M	17.35M	19.10M
Stockholders Equity	1.64M	1.97M	4.53M	4.59M	5.95M	5.26M
Cash Flow
Free Cash Flow	-371.00K	199.00K	736.00K	611.00K	651.00K	1.54M
Operating Cash Flow	466.00K	1.05M	1.32M	1.02M	1.37M	2.23M
Investing Cash Flow	-766.00K	-808.00K	-588.00K	-411.00K	-734.00K	-678.00K
Financing Cash Flow	14.00K	-83.00K	-316.00K	-292.00K	-540.00K	-1.02M

Ukrproduct Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.50
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:UKR, the sentiment is Positive. The current price of 6.5 is below the 20-day moving average (MA) of 7.94, below the 50-day MA of 8.34, and above the 200-day MA of 5.93, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 49.13 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:UKR.

Ukrproduct Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CWK	78 Outperform	£2.74B	18.51	15.07%	2.06%	6.96%	28.47%
HFG	71 Outperform	£456.23M	11.65	12.72%	7.01%	8.58%	-15.81%
GNC	70 Outperform	£1.19B	20.66	12.23%	0.79%	7.74%	30.09%
BAKK	64 Neutral	£1.49B	38.95	5.88%	2.52%	0.59%	-41.66%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
UKR	47 Neutral	£3.17M	-1.02	-94.96%	―	15.00%	-592.50%

Ukrproduct Corporate Events

Ukrproduct Navigates Wartime Challenges with Resilience and Strategic Adaptation

Despite a highly challenging environment marked by increased missile activity, frequent power outages, logistical disruptions, and raw material shortages, Ukrproduct managed to maintain stable production at its core sites during the nine-month period ending September 2025. The company demonstrated resilience by implementing business continuity measures such as alternate energy solutions, supply chain quality controls, and increased flexibility in operations. Positive sales trends in export-driven products like butter, spreads, and skimmed milk powder showcase diversification and adaptability, though profit margins remain strained due to soaring costs. Ukrproduct’s commitment to operational stability and support for suppliers and employees reinforces its critical role in the wartime Ukrainian dairy sector while striving for long-term sustainability.

The most recent analyst rating on (GB:UKR) stock is a Hold with a £8.00 price target. To see the full list of analyst forecasts on Ukrproduct stock, see the GB:UKR Stock Forecast page.