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 |
11.8
|
23.6
|
2.9
|
| Management Solutions co.,Ltd. |
9.2
|
13.3
|
5.0
|
| Mediana / Management Solutions co.,Ltd. |
1.3
|
1.8
|
0.6
|
Pozostałe spółki z branży Consulting Services
| Nazwa firmy |
Symbol |
Kapitalizacja (mln $) |
EV/EBITDA |
P/E |
P/B |
Giełda |
| LTS, Inc. |
6560.T |
69 |
6.9 |
10.4 |
2.2 |
Tokyo |
| TransUnion |
TRU |
18,278 |
10.5 |
49.7 |
4.2 |
New York Stock Exchange |
| Forrester Research, Inc. |
FORR |
182 |
-3.5 |
-2.1 |
1.2 |
NASDAQ Global Select |
| Equifax Inc. |
EFX |
32,675 |
16.0 |
53.3 |
6.6 |
New York Stock Exchange |
| Centre Testing International Group Co. Ltd. |
300012.SZ |
2,976 |
18.7 |
22.1 |
2.9 |
Shenzhen |
| CRA International, Inc. |
CRAI |
1,207 |
10.6 |
23.6 |
5.3 |
NASDAQ Global Select |
| Huron Consulting Group Inc. |
HURN |
2,247 |
7.7 |
18.9 |
4.7 |
NASDAQ Global Select |
| Business Online Public Company Limited |
BOL.BK |
155 |
15.5 |
17.9 |
4.5 |
Thailand |
| ICF International, Inc. |
ICFI |
1,537 |
3.9 |
14.1 |
1.6 |
NASDAQ Global Select |
| Bureau Veritas SA |
BVI.PA |
15,642 |
8.7 |
22.0 |
6.4 |
Paris |
| Ricardo plc |
RCDO.L |
354 |
5.7 |
17.1 |
2.9 |
London Stock Exchange |
| Resources Connection, Inc. |
RGP |
175 |
-3.1 |
-1.6 |
0.6 |
NASDAQ Global Select |
| Funai Soken Holdings Incorporated |
9757.T |
724 |
17.6 |
23.6 |
4.6 |
Tokyo |
| FTI Consulting, Inc. |
FCN |
5,632 |
14.1 |
22.0 |
2.7 |
New York Stock Exchange |
| Sundart Holdings Limited |
1568.HK |
198 |
10.2 |
4.8 |
0.4 |
HKSE |
| Franklin Covey Co. |
FC |
251 |
12.3 |
23.4 |
3.8 |
New York Stock Exchange |
| DKSH Holding AG |
DKSH.SW |
4,748 |
8.3 |
17.7 |
2.1 |
Swiss Exchange |
| Verisk Analytics, Inc. |
VRSK |
42,199 |
24.8 |
43.6 |
344.3 |
NASDAQ Global Select |
| Saudi Networkers Services Company |
9543.SR |
107 |
6.6 |
7.9 |
3.9 |
Saudi |
| INTLOOP Inc. |
9556.T |
204 |
15.3 |
25.9 |
5.6 |
Tokyo |
| CREEK & RIVER Co., Ltd. |
4763.T |
213 |
10.0 |
13.8 |
2.0 |
Tokyo |
| BayCurrent Consulting, Inc. |
6532.T |
8,453 |
28.5 |
40.6 |
13.4 |
Tokyo |
| Latent View Analytics Limited |
LATENTVIEW.NS |
1,054 |
37.9 |
52.1 |
6.1 |
National Stock Exchange of India |
| IR Japan Holdings, Ltd. |
6035.T |
84 |
12.2 |
17.8 |
2.2 |
Tokyo |
| Experian plc |
EXPN.L |
50,163 |
17.6 |
43.5 |
10.0 |
London Stock Exchange |
| Gateley (Holdings) Plc |
GTLY.L |
219 |
5.9 |
27.9 |
2.0 |
London Stock Exchange |
| SGS SA |
SGSN.SW |
20,223 |
9.6 |
27.2 |
19.8 |
Swiss Exchange |
| Enento Group Oyj |
ENENTO.HE |
440 |
5.3 |
34.2 |
1.5 |
Helsinki |
| GlobalData Plc |
DATA.L |
1,415 |
13.8 |
37.8 |
2.8 |
London Stock Exchange |
| Fintel Plc |
FNTL.L |
348 |
14.2 |
43.9 |
2.5 |
London Stock Exchange |
| ALS Limited |
ALQ.AX |
5,982 |
12.7 |
1,424.5 |
7.8 |
Australian Securities Exchange |
| Bluebik Group Public Company Limited |
BBIK.BK |
125 |
12.3 |
13.3 |
2.1 |
Thailand |
| Booz Allen Hamilton Holding Corporation |
BAH |
13,567 |
6.5 |
14.8 |
13.8 |
New York Stock Exchange |
| Aoyama Zaisan Networks Company,Limited |
8929.T |
288 |
11.6 |
19.3 |
4.5 |
Tokyo |
| Exponent, Inc. |
EXPO |
3,680 |
25.5 |
35.2 |
8.4 |
NASDAQ Global Select |
| Rise Consulting Group, Inc. |
9168.T |
201 |
15.1 |
21.0 |
4.7 |
Tokyo |
| China Building Material Test & Certification Group Co., Ltd. |
603060.SS |
752 |
8.9 |
27.0 |
2.6 |
Shanghai |
| Glorious Sun Enterprises Limited |
0393.HK |
256 |
24.4 |
32.9 |
0.7 |
HKSE |
| Elixirr International plc |
ELIX.L |
464 |
12.7 |
21.5 |
2.7 |
London Stock Exchange |
| Latent View Analytics Limited |
LATENTVIEW.BO |
1,054 |
37.9 |
52.1 |
6.1 |
Bombay Stock Exchange |
| Management Solutions co.,Ltd. |
7033.T |
179 |
8.9 |
12.8 |
4.8 |
Tokyo |
| YAMADA Consulting Group Co.,Ltd. |
4792.T |
213 |
9.2 |
11.0 |
1.8 |
Tokyo |
| Alan Allman Associates |
AAA.PA |
237 |
0.5 |
88.9 |
3.9 |
Paris |
| Rich Honour International Designs Co., Ltd. |
6754.TW |
128 |
9.4 |
10.0 |
1.8 |
Taiwan |
| Ruentex Interior Design Inc. |
6881.TWO |
116 |
13.0 |
14.2 |
3.7 |
Taipei Exchange |
| Simplex Holdings, Inc. |
4373.T |
1,476 |
17.0 |
28.7 |
4.6 |
Tokyo |
| Ipsos SA |
IPS.PA |
2,214 |
3.6 |
9.0 |
1.2 |
Paris |
| Rejlers AB (publ) |
REJL-B.ST |
458 |
7.6 |
19.8 |
2.3 |
Stockholm Stock Exchange |
| BTS Group AB (publ) |
BTS-B.ST |
407 |
9.2 |
11.5 |
2.6 |
Stockholm Stock Exchange |
| Tanabe Consulting Co.,Ltd. |
9644.T |
171 |
18.5 |
25.3 |
2.4 |
Tokyo |
| Bengo4.com,Inc. |
6027.T |
442 |
29.6 |
63.3 |
12.2 |
Tokyo |
| Science Group plc |
SAG.L |
323 |
12.9 |
20.2 |
2.9 |
London Stock Exchange |
| Guang Zhou GRG Metrology & Test Co., Ltd. |
002967.SZ |
1,470 |
17.7 |
28.2 |
3.0 |
Shenzhen |
| Link and Motivation Inc. |
2170.T |
346 |
6.2 |
13.2 |
4.4 |
Tokyo |
| Llorente & Cuenca, S.A. |
LLYC.MC |
133 |
6.1 |
13.7 |
3.0 |
Madrid Stock Exchange |
| Tam Development Co. |
9570.SR |
104 |
4.4 |
5.5 |
2.9 |
Saudi |
| Aeries Technology, Inc |
AERTW |
52 |
-1.4 |
-2.2 |
-7.4 |
NASDAQ Global Market |