Metoda mnożnikowa – opiera się na porównaniu mnożników firm z branży, w której działa wyceniana spółka (np.
EV/EBITDA, P/E, P/BV). Metoda ta bardzo dobrze odzwierciedla bieżący stan rynku, wymaga mniejszej liczby założeń
oraz jest prostsza w zastosowaniu.
Do jej wad można zaliczyć dużą podatność wyceny na zmienność cen porównywanych spółek, subiektywny dobór
porównywalnych firm oraz uproszczenie obrazu spółki prowadzące do pominięcia bardzo istotnych parametrów (np.
przewaga konkurencyjna, tempo wzrostu, poziom rentowności, strukturę zadłużenia).
|
EV/EBITDA TTM |
P/E TTM |
P/B TTM |
| Mediana dla branży |
5.9
|
17.1
|
1.2
|
| DCM Holdings Co., Ltd. |
0.2
|
10.7
|
0.7
|
| Mediana / DCM Holdings Co., Ltd. |
32.2
|
1.6
|
1.7
|
Pozostałe spółki z branży Home Improvement
| Nazwa firmy |
Symbol |
Kapitalizacja (mln $) |
EV/EBITDA |
P/E |
P/B |
Giełda |
| Test-Rite International Co., Ltd. |
2908.TW |
344 |
-2.4 |
35.2 |
1.4 |
Taiwan |
| Haverty Furniture Companies, Inc. |
HVT |
334 |
5.3 |
15.3 |
1.1 |
New York Stock Exchange |
| Topps Tiles Plc |
TPT.L |
97 |
-0.4 |
-5.6 |
13.0 |
London Stock Exchange |
| HORNBACH Baumarkt AG |
HBM.DE |
1,798 |
6.6 |
-114.0 |
0.5 |
Frankfurt Stock Exchange |
| The Home Depot, Inc. |
HD |
357,512 |
13.1 |
24.4 |
44.8 |
New York Stock Exchange |
| DCM Holdings Co., Ltd. |
3050.T |
1,262 |
0.3 |
11.0 |
0.7 |
Tokyo |
| Leslie's, Inc. |
LESL |
73 |
-16.7 |
-1.6 |
-0.3 |
NASDAQ Global Select |
| Joyful Honda Co., Ltd. |
3191.T |
813 |
8.1 |
13.5 |
1.0 |
Tokyo |
| Mr.Bricolage S.A. |
ALMRB.PA |
100 |
2.3 |
6.4 |
0.7 |
Paris |
| HORNBACH Holding AG & Co. KGaA |
HBH.DE |
2,001 |
1.0 |
11.4 |
0.8 |
Frankfurt Stock Exchange |
| Maisons du Monde S.A. |
MDM.PA |
113 |
-3.8 |
-0.8 |
0.2 |
Paris |
| Watahan & Co.,Ltd. |
3199.T |
206 |
1.4 |
14.9 |
1.3 |
Tokyo |
| Kohnan Shoji Co., Ltd. |
7516.T |
725 |
-2.0 |
7.6 |
0.7 |
Tokyo |
| Arhaus, Inc. |
ARHS |
1,194 |
6.5 |
20.4 |
3.4 |
NASDAQ Global Select |
| Rugvista Group AB (publ) |
RUG.ST |
139 |
17.2 |
23.7 |
2.3 |
Stockholm Stock Exchange |
| Fiskars Oyj Abp |
FSKRS.HE |
1,371 |
5.6 |
104.7 |
1.7 |
Helsinki |
| Shankara Building Products Limited |
SHANKARA.BO |
287 |
14.0 |
31.9 |
2.8 |
Bombay Stock Exchange |
| Komeri Co.,Ltd. |
8218.T |
964 |
3.3 |
10.4 |
0.6 |
Tokyo |
| Lowe's Companies, Inc. |
LOW |
122,786 |
7.2 |
17.9 |
-9.2 |
New York Stock Exchange |
| Siam Global House Public Company Limited |
GLOBAL.BK |
1,059 |
5.9 |
14.5 |
1.3 |
Thailand |
| Home Product Center Public Company Limited |
HMPRO-R.BK |
3,147 |
6.9 |
15.7 |
3.6 |
Thailand |
| Tile Shop Holdings, Inc. |
TTSH |
308 |
10.6 |
375.5 |
2.5 |
NASDAQ Capital Market |
| The Home Depot, Inc. |
HDI.DE |
355,162 |
11.5 |
24.2 |
44.5 |
Frankfurt Stock Exchange |
| Haverty Furniture Companies, Inc. |
HVT-A |
342 |
5.3 |
15.3 |
1.1 |
New York Stock Exchange |
| Wesfarmers Limited |
WES.AX |
62,496 |
16.3 |
36.9 |
10.7 |
Australian Securities Exchange |
| Shankara Building Products Limited |
SHANKARA.NS |
287 |
14.0 |
31.9 |
2.8 |
National Stock Exchange of India |
| Floor & Decor Holdings, Inc. |
FND |
8,459 |
13.5 |
41.1 |
3.8 |
New York Stock Exchange |
| Wickes Group plc |
WIX.L |
714 |
-0.7 |
29.8 |
3.7 |
London Stock Exchange |
| Kingfisher plc |
KFI1.DE |
6,670 |
3.2 |
15.4 |
0.8 |
Frankfurt Stock Exchange |
| Siam Global House Public Company Limited |
GLOBAL-R.BK |
1,059 |
5.9 |
14.5 |
1.3 |
Thailand |
| Encho Co.,Ltd. |
8208.T |
53 |
-8.4 |
-165.1 |
0.9 |
Tokyo |
| Kingfisher plc |
KGF.L |
6,653 |
2.7 |
27.1 |
0.8 |
London Stock Exchange |
| NAFCO Co., Ltd. |
2790.T |
303 |
5.7 |
254.7 |
0.3 |
Tokyo |
| Saudi Company for Hardware |
4008.SR |
273 |
4.7 |
-228.5 |
3.1 |
Saudi |
| Home Product Center Public Company Limited |
HMPRO.BK |
3,147 |
6.9 |
15.7 |
3.6 |
Thailand |
| Alleanza Holdings Co., Ltd. |
3546.T |
209 |
1.2 |
14.8 |
1.0 |
Tokyo |
| The Home Depot, Inc. |
HD.NE |
356,736 |
11.6 |
23.9 |
44.0 |
NEO |
| Victorian Plumbing Group plc |
VIC.L |
321 |
10.3 |
43.4 |
4.6 |
London Stock Exchange |
| PT Caturkarda Depo Bangunan Tbk |
DEPO.JK |
85 |
6.2 |
16.0 |
1.0 |
Jakarta Stock Exchange |
| Ochi Holdings Co., Ltd. |
3166.T |
123 |
9.2 |
17.6 |
0.8 |
Tokyo |
| Dohome Public Company Limited |
DOHOME.BK |
387 |
-1.6 |
18.5 |
1.0 |
Thailand |
| Sunday Co.,Ltd. |
7450.T |
77 |
3.0 |
-5.4 |
1.2 |
Tokyo |