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	-	-	-
Clean&Carbon Energy S.A.	-	-	-
Mediana / Clean&Carbon Energy S.A.	-	-	-

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Pozostałe spółki z branży Coal

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
Lubelski Wegiel Bogdanka S.A.	LWB.WA	223	-1.4	-0.7	0.3	Warsaw Stock Exchange
PT RMK Energy Tbk	RMKE.JK	137	4.3	7.5	1.3	Jakarta Stock Exchange
CONSOL Energy Inc.	CEIX	2,474	4.7	36.7	1.1	New York Stock Exchange
PT Dwi Guna Laksana Tbk	DWGL.JK	125	11.1	20.4	6.4	Jakarta Stock Exchange
Nippon Coke & Engineering Company, Limited	3315.T	170	8.3	-1.8	0.6	Tokyo
Kinetic Development Group Limited	1277.HK	1,343	2.7	3.7	1.2	HKSE
Yankuang Energy Group Company Limited	600188.SS	14,483	1.7	8.9	1.4	Shanghai
PT Harum Energy Tbk	HRUM.JK	660	2.6	11.3	0.7	Jakarta Stock Exchange
Refex Industries Limited	REFEX.BO	657	23.5	37.6	4.9	Bombay Stock Exchange
E-Commodities Holdings Limited	1733.HK	340	1.5	2.9	0.3	HKSE
Mitsui Matsushima Holdings Co., Ltd.	1518.T	454	3.2	6.9	0.9	Tokyo
China Coal Energy Company Limited	1898.HK	19,516	4.3	6.6	0.7	HKSE
Gujarat Mineral Development Corporation Limited	GMDCLTD.BO	1,607	16.9	20.2	2.2	Bombay Stock Exchange
PT Adaro Energy Indonesia Tbk	ADRO.JK	3,353	9.4	3.1	0.7	Jakarta Stock Exchange
Peabody Energy Corporation	BTU	1,891	2.8	5.2	0.5	New York Stock Exchange
Huili Resources (Group) Limited	1303.HK	66	4.2	2.2	0.4	HKSE
NACCO Industries, Inc.	NC	296	6.9	8.6	0.7	New York Stock Exchange
HMS Bergbau AG	HMU.DE	354	13.7	23.0	6.3	Frankfurt Stock Exchange
Jizhong Energy Resources Co., Ltd.	000937.SZ	2,947	5.0	25.8	1.0	Shenzhen
Henan Jinma Energy Company Limited	6885.HK	67	-207.3	-1.4	0.2	HKSE
Stanmore Resources Limited	SMR.AX	1,274	1.0	4.6	0.7	Australian Securities Exchange
Henan Shenhuo Coal & Power Co.,Ltd	000933.SZ	5,306	4.5	9.6	1.7	Shenzhen
Perennial Energy Holdings Limited	2798.HK	155	0.1	2.5	0.4	HKSE
American Resources Corporation	AREC	111	4.2	-2.7	-1.3	NASDAQ Capital Market
PT Resource Alam Indonesia Tbk	KKGI.JK	116	4.5	4.6	0.7	Jakarta Stock Exchange
Natural Resource Partners L.P.	NRP	1,284	6.0	44.0	2,166.9	New York Stock Exchange
PT Adaro Minerals Indonesia Tbk	ADMR.JK	2,442	5.3	6.3	1.7	Jakarta Stock Exchange
Banpu Public Company Limited	BANPU.BK	1,454	-3.1	-17.9	0.4	Thailand
Shanxi Coking Co., Ltd.	600740.SS	1,395	-117.4	78.9	0.7	Shanghai
Shan Xi Huayang Group New Energy Co.,Ltd.	600348.SS	3,361	2.6	12.0	0.7	Shanghai
Warrior Met Coal, Inc.	HCC	2,763	13.9	26.1	1.3	New York Stock Exchange
China Coal Energy Company Limited	601898.SS	19,362	4.2	8.7	1.0	Shanghai
GreenX Metals Limited	GRX.WA	143	-57.1	-46.0	13.8	Warsaw Stock Exchange
Washington H. Soul Pattinson and Company Limited	SOL.AX	9,970	23.0	26.5	1.5	Australian Securities Exchange
Yancoal Australia Ltd	YAL.AX	5,022	4.1	6.3	0.8	Australian Securities Exchange
Coronado Global Resources Inc.	CRN.AX	180	-0.1	-1.3	0.2	Australian Securities Exchange
PT Bumi Resources Tbk	BUMI.JK	2,662	21.7	124.9	1.6	Jakarta Stock Exchange
PT Sumber Global Energy Tbk	SGER.JK	317	4.9	10.0	2.3	Jakarta Stock Exchange
PT. Indika Energy Tbk	INDY.JK	429	-1.2	-60.1	0.4	Jakarta Stock Exchange
PT Bukit Asam Tbk	PTBA.JK	1,728	4.2	6.0	1.2	Jakarta Stock Exchange
Guizhou Panjiang Refined Coal Co.,Ltd.	600395.SS	1,462	-18.1	-480.1	1.0	Shanghai
Jinneng Holding Shanxi Coal Industry Co.,ltd.	601001.SS	2,958	6.8	8.3	1.1	Shanghai
PT Dian Swastatika Sentosa Tbk	DSSA.JK	24,910	33.9	86.9	14.9	Jakarta Stock Exchange
Ramaco Resources, Inc.	METC	1,134	14.4	-4,043.1	3.4	NASDAQ Global Select
Henan Dayou Energy Co., Ltd	600403.SS	1,272	-11.3	-8.1	1.7	Shanghai
PT Darma Henwa Tbk	DEWA.JK	250	8.2	98.5	1.6	Jakarta Stock Exchange
PT TBS Energi Utama Tbk	TOBA.JK	578	8.2	-13.4	2.0	Jakarta Stock Exchange
Alliance Resource Partners, L.P.	ARLP	3,469	5.3	12.5	1.7	NASDAQ Global Select
Jastrzebska Spólka Weglowa S.A.	JSW.WA	739	-0.1	-0.3	0.3	Warsaw Stock Exchange
Geo Energy Resources Limited	RE4.SI	380	6.9	8.9	0.8	Stock Exchange of Singapore
Anyuan Coal Industry Group Co., Ltd.	600397.SS	844	-29.3	-20.5	51.6	Shanghai
GreenX Metals Limited	GRX.L	139	-53.5	-44.5	15.1	London Stock Exchange
Coal India Limited	COALINDIA.BO	27,785	5.0	6.8	2.4	Bombay Stock Exchange
Arch Resources, Inc.	ARCH	2,442	6.6	13.6	1.7	New York Stock Exchange
PT Bayan Resources Tbk	BYAN.JK	38,798	32.0	41.7	16.0	Jakarta Stock Exchange
Ramaco Resources, Inc.	METCB	1,085	14.3	-2,337.9	2.0	NASDAQ Global Select
Refex Industries Limited	REFEX.NS	656	23.5	37.6	4.9	National Stock Exchange of India
Yunnan Coal & Energy Co.,Ltd.	600792.SS	626	-9.1	-7.3	1.6	Shanghai
Coal India Limited	COALINDIA.NS	27,792	5.0	6.8	2.4	National Stock Exchange of India
Inner Mongolia Dian Tou Energy Corporation Limited	002128.SZ	6,040	5.5	8.7	1.2	Shenzhen
PT ABM Investama Tbk	ABMM.JK	511	-1.2	4.6	0.6	Jakarta Stock Exchange
Shanxi Lanhua Sci-Tech Venture Co.,Ltd	600123.SS	1,344	11.3	15.6	0.6	Shanghai
Pingdingshan Tianan Coal. Mining Co., Ltd.	601666.SS	2,497	-2.0	10.6	0.7	Shanghai
PT Indo Tambangraya Megah Tbk	ITMG.JK	1,559	5.1	4.1	0.8	Jakarta Stock Exchange
Shanxi Lu'an Environmental Energy Development Co., Ltd.	601699.SS	4,536	10.8	17.9	0.7	Shanghai
PT Golden Eagle Energy Tbk	SMMT.JK	175	21.0	125.0	48,280.5	Jakarta Stock Exchange
Banpu Public Company Limited	BANPU-R.BK	1,454	-3.1	-17.9	0.4	Thailand
Lanna Resources Public Company Limited	LANNA.BK	264	2.0	6.5	1.0	Thailand
Belon Joint Stock Company	BLNG.ME	200	1,309.7	-23.7	3.0	Moscow Stock Exchange
Yankuang Energy Group Company Limited	1171.HK	14,722	1.3	5.4	0.9	HKSE
Gujarat Mineral Development Corporation Limited	GMDCLTD.NS	1,607	16.9	20.2	2.2	National Stock Exchange of India
PT Delta Dunia Makmur Tbk	DOID.JK	165	14.2	-1.5	1.6	Jakarta Stock Exchange
SouthGobi Resources Ltd.	1878.HK	87	-0.6	0.9	-1.7	HKSE
PT Mitrabara Adiperdana Tbk	MBAP.JK	126	10.5	7.7	0.7	Jakarta Stock Exchange
New Hope Corporation Limited	NHC.AX	2,235	3.9	6.4	1.4	Australian Securities Exchange
Banpu Public Company Limited	BPFG.F	1,523	-3.1	-17.2	0.4	Frankfurt Stock Exchange
Colonial Coal International Corp.	CAD.V	205	-41.0	-39.9	13.6	Toronto Stock Exchange Ventures
Aspire Mining Limited	AKM.AX	81	30.8	12.4	1.8	Australian Securities Exchange
Shaanxi Coal Industry Company Limited	601225.SS	25,840	4.4	8.2	1.9	Shanghai
Shandong Jinling Mining Co., Ltd.	000655.SZ	692	72.9	21.5	1.5	Shenzhen
China Shenhua Energy Company Limited	601088.SS	99,468	9.4	13.6	1.7	Shanghai
PT Atlas Resources Tbk	ARII.JK	59	-0.0	4.0	0.8	Jakarta Stock Exchange
Shanxi Blue Flame Holding Company Limited	000968.SZ	953	8.1	14.9	1.1	Shenzhen
Whitehaven Coal Limited	WHC.AX	3,336	1.7	28.7	1.0	Australian Securities Exchange
Thungela Resources Limited	TGA.L	733	3.5	4.0	0.5	London Stock Exchange
Shanxi Antai Group Co.,Ltd	600408.SS	306	-18.1	-7.8	1.4	Shanghai
PT Golden Energy Mines Tbk	GEMS.JK	3,351	6.1	8.1	4.4	Jakarta Stock Exchange
Southern Kuzbass Coal company Public joint-stock company	UKUZ.ME	439	232.1	-3.8	-1.2	Moscow Stock Exchange
Bathurst Resources Limited	BRL.AX	125	30.0	4.5	0.5	Australian Securities Exchange
Yancoal Australia Ltd	3668.HK	5,023	3.9	6.1	0.8	HKSE
PT Prima Andalan Mandiri Tbk	MCOL.JK	876	7.3	10.1	1.6	Jakarta Stock Exchange
Alpha Metallurgical Resources, Inc.	AMR	1,621	10.1	60.9	1.0	New York Stock Exchange
China Shenhua Energy Company Limited	1088.HK	113,564	11.1	10.7	1.4	HKSE
Shougang Fushan Resources Group Limited	0639.HK	1,732	6.8	8.9	0.8	HKSE
Adani Enterprises Limited	ADANIENT.NS	34,782	15.3	42.6	6.0	National Stock Exchange of India
Beijing Haohua Energy Resource Co., Ltd.	601101.SS	1,408	4.1	11.9	0.8	Shanghai
PT Samindo Resources Tbk	MYOH.JK	235	9.6	12.3	1.3	Jakarta Stock Exchange
SunCoke Energy, Inc.	SXC	711	1.6	7.7	1.1	New York Stock Exchange
Shanxi Coking Coal Energy Group Co.,Ltd.	000983.SZ	5,218	3.1	13.2	1.0	Shenzhen
Gansu Jingyuan Coal Industry & Electricity Power Co., Ltd	000552.SZ	1,863	8.1	18.4	0.8	Shenzhen
China Qinfa Group Limited	0866.HK	559	3.7	8.7	2.2	HKSE
Adani Enterprises Limited	ADANIENT.BO	34,784	15.3	42.6	6.0	Bombay Stock Exchange
Wintime Energy Co.,Ltd.	600157.SS	4,214	3.2	27.1	0.7	Shanghai
China Coal Xinji Energy Co.,Ltd	601918.SS	2,356	0.3	7.3	1.0	Shanghai
Public Joint Stock Company Raspadskaya	RASP.ME	1,911	6.4	-11.2	1.3	Moscow Stock Exchange
Baotailong New Materials Co., Ltd.	601011.SS	744	-8.9	-12.2	0.9	Shanghai
Kailuan Energy Chemical Co.,Ltd.	600997.SS	1,329	10.9	15.0	0.7	Shanghai
Hallador Energy Company	HNRG	679	-4.6	-3.1	5.8	NASDAQ Capital Market
PT Baramulti Suksessarana Tbk	BSSR.JK	632	4.8	5.8	2.2	Jakarta Stock Exchange
Zhengzhou Coal Industry & Electric Power Co., Ltd.	600121.SS	701	9.0	26.7	2.8	Shanghai
Shanghai Datun Energy Resources Co., Ltd.	600508.SS	1,195	9.2	17.1	0.7	Shanghai
Sumiseki Holdings,Inc.	1514.T	244	11.9	8.6	1.3	Tokyo
Mongolian Mining Corporation	0975.HK	950	1.9	4.2	0.8	HKSE
Anhui Hengyuan Coal-Electricity Group Co., Ltd.	600971.SS	1,125	12.3	12.1	0.6	Shanghai
PT Ulima Nitra Tbk	UNIQ.JK	72	8.3	17.0	2.6	Jakarta Stock Exchange
Ramaco Resources, Inc. - 9.00%	METCL	517	14.4	-4,043.1	3.4	NASDAQ Global Select
Qinghai Spring Medicinal Resources Technology Co., Ltd.	600381.SS	330	-15.2	-14.5	2.3	Shanghai