Kalkulacja wyceny (mln)
Wartość firmy (EV)	-
Dług netto	-
Gotówka	-
Udziały mniejszościowe	-
Ilość akcji	-
Wartość godziwa firmy	-
Wartość godziwa akcji	-

Kalkulacja WACC - koszt kapitału
Stopa wolna od ryzyka	-
Premia rynkowa	-
Beta	-
Udział kapitału własnego	-
Udział długu	-
Koszt kapitału własnego	-
Koszt długu	-
WACC	-

Brak modelowania Monte Carlo

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	5.5	13.2	1.1
AGL Energy Limited	2.1	27.8	1.2
Mediana / AGL Energy Limited	2.7	0.5	0.9

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Pozostałe spółki z branży Independent Power Producers

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
Genesis Energy Limited	GNE.NZ	1,562	2.1	15.9	0.9	NZSE
PT Kencana Energi Lestari Tbk	KEEN.JK	181	3.9	26.3	1.0	Jakarta Stock Exchange
The Tata Power Company Limited	TATAPOWER.BO	15,133	5.5	32.9	3.6	Bombay Stock Exchange
Adani Energy Solutions Limited	ADANIENSOL.NS	12,123	10.6	96.5	4.6	National Stock Exchange of India
China Resources Power Holdings Company Limited	0836.HK	12,904	-2.2	6.6	0.9	HKSE
Genesis Energy Limited	GNE.AX	1,570	2.9	15.8	0.9	Australian Securities Exchange
NRG Energy, Inc.	NRG	29,673	5.2	22.0	10.8	New York Stock Exchange
Kenon Holdings Ltd.	KEN	2,465	6.2	4.3	1.6	New York Stock Exchange
Jaiprakash Power Ventures Limited	JPPOWER.BO	1,819	6.4	27.8	1.8	Bombay Stock Exchange
NTPC Limited	NTPC.NS	38,506	1.7	14.2	1.8	National Stock Exchange of India
CGN New Energy Holdings Co., Ltd.	1811.HK	1,372	-5.5	5.6	0.9	HKSE
Talen Energy Corporation	TLN	14,956	10.5	26.5	12.8	NASDAQ Global Select
Datang International Power Generation Co., Ltd.	0991.HK	7,030	-6.4	7.6	0.5	HKSE
Pampa Energía S.A.	PAM	3,885	2.8	7.7	1.1	New York Stock Exchange
Pampa Energía S.A.	PAMP.BA	3,903	2.6	7.2	1.1	Buenos Aires
TransAlta Corporation	TA.TO	3,662	0.7	95.3	2.9	Toronto Stock Exchange
China National Nuclear Power Co., Ltd.	601985.SS	26,436	-4.6	21.5	1.7	Shanghai
Centrica plc	CNA.L	9,879	2.4	5.8	1.7	London Stock Exchange
Public Joint Stock Company Group of Companies TNS energo	TNSE.ME	419	2.5	2.3	1.4	Moscow Stock Exchange
Electricity Generating Public Company Limited	EGCO-R.BK	1,780	-1.5	7.9	0.5	Thailand
NRG Energy, Inc.	NRA.DE	23,691	4.0	22.2	9.9	Frankfurt Stock Exchange
B.Grimm Power Public Company Limited	BGRIM-R.BK	934	-4.4	16.5	0.8	Thailand
PTC India Limited	PTC.BO	649	4.0	6.2	1.0	Bombay Stock Exchange
China Yangtze Power Co., Ltd.	600900.SS	100,513	9.6	21.4	3.3	Shanghai
Datang International Power Generation Co., Ltd.	601991.SS	7,297	-8.5	13.7	0.9	Shanghai
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A.	TRPL3.SA	3,160	1.0	4.8	0.8	São Paulo
Public Joint-Stock Company Unipro	UPRO.ME	1,191	2.1	3.1	0.5	Moscow Stock Exchange
Huaneng Power International, Inc.	0902.HK	14,074	-4.2	7.7	0.6	HKSE
Jaiprakash Power Ventures Limited	JPPOWER.NS	1,819	6.4	27.8	1.8	National Stock Exchange of India
Banpu Power Public Company Limited	BPP-R.BK	668	-1.6	13.2	0.4	Thailand
K.P. Energy Limited	KPEL.BO	398	16.6	29.8	11.0	Bombay Stock Exchange
Zespól Elektrowni Patnów-Adamów-Konin S.A.	ZEP.WA	339	6.1	4.9	0.6	Warsaw Stock Exchange
Orient Green Power Company Limited	GREENPOWER.BO	203	6.4	45.2	1.6	Bombay Stock Exchange
Torrent Power Limited	TORNTPOWER.BO	8,001	10.4	22.1	3.8	Bombay Stock Exchange
The Tata Power Company Limited	TATAPOWER.NS	15,130	5.5	32.9	3.6	National Stock Exchange of India
Adani Energy Solutions Limited	ADANIENSOL.BO	12,137	10.6	96.5	4.6	Bombay Stock Exchange
RattanIndia Enterprises Limited	RTNINDIA.NS	982	29.2	99.9	9.2	National Stock Exchange of India
PT Cikarang Listrindo Tbk	POWR.JK	669	1.9	9.0	0.9	Jakarta Stock Exchange
Guangdong Baolihua New Energy Stock Co., Ltd.	000690.SZ	1,460	5.5	13.0	0.8	Shenzhen
Huaneng Power International, Inc.	600011.SS	13,295	-4.3	12.3	0.9	Shanghai
Vistra Corp.	VST	65,478	7.1	27.0	13.6	New York Stock Exchange
Capital Power Corporation	CPX.TO	6,838	3.3	13.1	1.8	Toronto Stock Exchange
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A.	TRPL4.SA	2,858	1.0	4.8	0.8	São Paulo
CESC Limited	CESC.NS	2,750	2.4	17.3	2.0	National Stock Exchange of India
TransAlta Corporation	TAC	3,662	0.7	95.4	2.9	New York Stock Exchange
ACWA POWER Company	2082.SR	46,351	43.9	92.1	8.3	Saudi
B.Grimm Power Public Company Limited	BGRIM.BK	934	-4.4	16.5	0.8	Thailand
Beijing Jingneng Power Co., Ltd.	600578.SS	4,186	-1.2	13.7	1.1	Shanghai
Electricity Generating Public Company Limited	EGCO.BK	1,780	-1.5	7.9	0.5	Thailand
Electricity Generating Public Company Limited	ECGF.F	1,787	-1.3	7.4	0.5	Frankfurt Stock Exchange
Sunpower Group Ltd.	5GD.SI	146	-2.8	8.9	0.5	Stock Exchange of Singapore
Zhejiang Zheneng Electric Power Co., Ltd.	600023.SS	9,597	4.3	9.8	0.9	Shanghai
Banpu Power Public Company Limited	BPP.BK	668	-1.6	13.2	0.4	Thailand
Power Assets Holdings Limited	0006.HK	13,620	156.2	17.5	1.2	HKSE
Kyushu Electric Power Company, Incorporated	9508.T	4,109	-7.0	4.8	0.6	Tokyo
Public Joint-Stock Company "Second Generating Company of the Electric Power Wholesale Market"	OGKB.ME	588	0.0	0.0	0.0	Moscow Stock Exchange
Energy World Corporation Ltd	EWC.AX	118	51.9	-0.3	0.4	Australian Securities Exchange
Adani Power Limited	ADANIPOWER.BO	26,616	8.0	18.3	4.2	Bombay Stock Exchange
Uniper SE	UN0.DE	18,012	7.0	-197.6	1.5	XETRA
Admie Holding S.A.	ADMIE.AT	895	-0.8	5.9	0.5	Athens
Rojana Industrial Park Public Company Limited	ROJNA.BK	284	-0.5	2.8	0.5	Thailand
CGN Power Co., Ltd.	003816.SZ	24,157	-0.7	18.2	1.5	Shenzhen
PTC India Limited	PTC.NS	650	4.0	6.2	1.0	National Stock Exchange of India
Orient Green Power Company Limited	GREENPOWER.NS	203	6.4	45.2	1.6	National Stock Exchange of India
Reliance Power Limited	RPOWER.BO	3,076	2.0	9.7	1.8	Bombay Stock Exchange
JSW Energy Limited	JSWENERGY.NS	10,761	8.2	47.4	3.4	National Stock Exchange of India
AGL Energy Limited	AGL.AX	4,263	2.1	28.3	1.2	Australian Securities Exchange
Adani Power Limited	ADANIPOWER.NS	26,623	8.0	18.3	4.2	National Stock Exchange of India
Sichuan Chuantou Energy Co.,Ltd.	600674.SS	10,759	11.6	16.4	1.8	Shanghai
Reliance Power Limited	RPOWER.NS	3,073	2.0	9.7	1.8	National Stock Exchange of India
Jilin Province Chuncheng Heating Company Limited	1853.HK	84	5.5	6.1	0.6	HKSE
Reliance Infrastructure Limited	RELINFRA.BO	1,794	3.6	4.1	1.4	Bombay Stock Exchange
CGN Power Co., Ltd.	1816.HK	25,409	-0.0	12.2	1.1	HKSE
Polenergia S.A.	PEP.WA	1,260	5.5	22.6	1.1	Warsaw Stock Exchange
Dogu Aras Enerji Yatirimlari AS	ARASE.IS	334	2.3	110.3	1.0	Istanbul Stock Exchange
WAAREE RENEWABLE TECHNOLOGIES	WAAREERTL.BO	1,435	38.4	53.9	27.1	Bombay Stock Exchange
Huadian Energy Company Limited	600726.SS	2,528	3.7	93.9	4.9	Shanghai
Maxim Power Corp.	MXG.TO	203	8.1	18.9	0.9	Toronto Stock Exchange
Torrent Power Limited	TORNTPOWER.NS	8,005	10.4	22.1	3.8	National Stock Exchange of India
Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited	600863.SS	3,908	5.7	13.1	1.5	Shanghai
JSW Energy Limited	JSWENERGY.BO	10,762	8.2	47.4	3.4	Bombay Stock Exchange
GVK Power & Infrastructure Limited	GVKPIL.BO	75	-1.6	1.1	-1.0	Bombay Stock Exchange
Public Joint-Stock Company Territorial Generation Company No.2	TGKB.ME	124	-0.3	-0.6	0.5	Moscow Stock Exchange
Ravindra Energy Limited	RELTD.BO	278	46.8	96.5	6.2	Bombay Stock Exchange
Dalian Thermal Power Co.,Ltd.	600719.SS	369	241.3	-23.7	5.7	Shanghai
Ayen Enerji A.S.	AYEN.IS	176	0.5	15.4	0.5	Istanbul Stock Exchange