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 |
2.1
|
7.0
|
0.6
|
| Stampede Drilling Inc. |
0.9
|
18.8
|
0.4
|
| Mediana / Stampede Drilling Inc. |
2.4
|
0.4
|
1.6
|
Pozostałe spółki z branży Oil & Gas Drilling
| Nazwa firmy |
Symbol |
Kapitalizacja (mln $) |
EV/EBITDA |
P/E |
P/B |
Giełda |
| Sinopec Oilfield Service Corporation |
600871.SS |
4,214 |
3.2 |
53.6 |
4.0 |
Shanghai |
| Transocean Ltd. |
RIG |
2,323 |
-5.8 |
-3.4 |
0.2 |
New York Stock Exchange |
| Precision Drilling Corporation |
PDS |
699 |
0.2 |
8.8 |
0.6 |
New York Stock Exchange |
| Helmerich & Payne, Inc. |
HP |
1,542 |
1.9 |
7.0 |
0.5 |
New York Stock Exchange |
| Patterson-UTI Energy, Inc. |
PTEN |
2,293 |
6.7 |
-2.3 |
0.7 |
NASDAQ Global Select |
| XinJiang Beiken Energy Engineering Co.,Ltd. |
002828.SZ |
286 |
43.7 |
-3,687.3 |
3.0 |
Shenzhen |
| Precision Drilling Corporation |
PD.TO |
698 |
0.2 |
8.8 |
0.6 |
Toronto Stock Exchange |
| Helmerich & Payne, Inc. |
0J4G.L |
1,539 |
1.9 |
7.0 |
0.5 |
London Stock Exchange |
| Seadrill Limited |
SDRL |
1,746 |
4.7 |
4.7 |
0.6 |
New York Stock Exchange |
| Noble Corporation Plc |
NOBLE.CO |
5,494 |
4.4 |
10.2 |
1.1 |
Copenhagen |
| Northern Ocean Ltd. |
NOL.OL |
173 |
-6.8 |
-1.6 |
0.3 |
Oslo Stock Exchange |
| Sinopec Oilfield Service Corporation |
1033.HK |
4,823 |
8.5 |
20.3 |
1.5 |
HKSE |
| Ensign Energy Services Inc. |
ESI.TO |
308 |
-1.5 |
-26.7 |
0.3 |
Toronto Stock Exchange |
| Borr Drilling Limited |
BORR |
502 |
-3.2 |
5.7 |
0.5 |
New York Stock Exchange |
| Odfjell Technology Ltd. |
OTL.OL |
199 |
2.6 |
7.2 |
1.6 |
Oslo Stock Exchange |
| Odfjell Drilling Ltd. |
ODL.OL |
1,676 |
5.6 |
20.5 |
1.2 |
Oslo Stock Exchange |
| Shelf Drilling, Ltd. |
SHLF.OL |
223 |
-2.8 |
2.6 |
0.5 |
Oslo Stock Exchange |
| Nabors Industries Ltd. |
NBR |
473 |
-2.1 |
-2.7 |
0.9 |
New York Stock Exchange |
| Velesto Energy Berhad |
5243.KL |
348 |
3.0 |
6.9 |
0.6 |
Kuala Lumpur |
| Daldrup & Söhne Aktiengesellschaft |
4DS.DE |
90 |
16.0 |
31.2 |
3.3 |
Frankfurt Stock Exchange |
| PHX Energy Services Corp. |
PHX.TO |
276 |
2.7 |
6.6 |
1.6 |
Toronto Stock Exchange |
| AKITA Drilling Ltd. |
AKT-A.TO |
62 |
0.9 |
4.7 |
0.5 |
Toronto Stock Exchange |
| Arabian Drilling Company |
2381.SR |
2,083 |
4.3 |
31.0 |
1.3 |
Saudi |
| Deep Value Driller AS |
DVD.OL |
149 |
1.0 |
6.6 |
17.0 |
Oslo Stock Exchange |
| Borr Drilling Limited |
BORR.OL |
981 |
-2.2 |
14.4 |
1.2 |
Oslo Stock Exchange |
| Noble Corporation Plc |
NE |
4,286 |
2.3 |
9.3 |
0.9 |
New York Stock Exchange |
| Ades Holding Co. |
2382.SR |
3,814 |
0.8 |
18.0 |
2.2 |
Saudi |
| Sable Offshore Corp. |
SOC |
3,110 |
89.2 |
-236.3 |
9.5 |
New York Stock Exchange |
| Transocean Ltd. |
0QOW.L |
2,341 |
-5.8 |
-3.4 |
0.2 |
London Stock Exchange |
| Western Energy Services Corp. |
WRG.TO |
54 |
-0.7 |
-11.5 |
0.3 |
Toronto Stock Exchange |