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	9.0	21.3	1.9
Focusrite plc	3.6	38.0	0.9
Mediana / Focusrite plc	2.5	0.6	2.3

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Pozostałe spółki z branży Leisure

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
Carnival Corporation & plc	POH1.DE	38,766	2.0	13.9	3.5	Frankfurt Stock Exchange
Universal Entertainment Corporation	6425.T	493	-3.9	-2.8	0.2	Tokyo
ANTA Sports Products Limited	2020.HK	33,124	7.9	15.8	4.0	HKSE
Funko, Inc.	FNKO	255	0.1	-12.8	1.2	NASDAQ Global Select
United Parks & Resorts Inc.	PRKS	2,638	0.6	11.9	-5.5	New York Stock Exchange
Technogym S.p.A.	TGYM.MI	2,998	15.6	29.6	6.8	Milan
Compagnie des Alpes SA	CDA.PA	1,081	-0.9	8.2	1.0	Paris
Hasbro, Inc.	HAS	10,903	8.8	25.5	9.1	NASDAQ Global Select
Yamaha Corporation	7951.T	3,320	12.8	35.6	1.1	Tokyo
JAKKS Pacific, Inc.	JAKK	219	3.3	4.8	0.9	NASDAQ Global Select
Topgolf Callaway Brands Corp.	MODG	1,698	-0.6	-1.2	0.7	New York Stock Exchange
Six Flags Entertainment Corporation	FUN	3,109	5.3	-9.7	0.3	New York Stock Exchange
Focusrite plc	TUNE.L	132	3.6	37.7	0.8	London Stock Exchange
Carnival Corporation & plc	CCL.L	37,805	1.9	13.9	3.5	London Stock Exchange
Compagnie des Alpes SA	0N7N.L	1,217	-0.9	8.2	1.0	London Stock Exchange
Guangzhou Pearl River Piano Group Co.,Ltd	002678.SZ	951	-28.0	-24.3	1.9	Shenzhen
Haichang Ocean Park Holdings Ltd.	2255.HK	827	-3.7	-8.0	3.5	HKSE
Mattel, Inc.	MAT	6,258	5.4	12.0	3.0	NASDAQ Global Select
Shuhua Sports Co., Ltd.	605299.SS	510	30.2	43.5	2.9	Shanghai
Johnson Outdoors Inc.	JOUT	316	-10.7	-7.0	0.7	NASDAQ Global Select
Endo Manufacturing Co., Ltd.	7841.T	65	6.5	10.8	0.5	Tokyo
Playmates Holdings Limited	0635.HK	145	110.5	-3.0	0.2	HKSE
Experience Co Limited	EXP.AX	59	6.0	33.4	0.7	Australian Securities Exchange
Clarus Corporation	CLAR	138	-15.5	-1.7	0.6	NASDAQ Global Select
Dream International Limited	1126.HK	1,258	10.4	13.4	2.5	HKSE
Xiamen Comfort Science&Technology Group Co., Ltd	002614.SZ	573	25.2	71.7	1.0	Shenzhen
The Italian Sea Group S.p.A.	TISG.MI	346	4.2	8.8	2.0	Milan
Dogness (International) Corporation	DOGZ	120	-106.8	-25.8	1.6	NASDAQ Global Market
Mattel, Inc.	MTT.DE	8,219	7.8	14.9	3.6	Frankfurt Stock Exchange
GENDA Inc.	9166.T	1,136	14.1	54.5	5.1	Tokyo
PLBY Group, Inc.	PLBY	178	-4.8	-2.4	25.8	NASDAQ Global Market
Life Time Group Holdings, Inc.	LTH	6,662	4.0	31.0	2.4	New York Stock Exchange
Power Wind Health Industry Incorporated	8462.TW	383	2.8	25.1	5.2	Taiwan
Globeride, Inc.	7990.T	337	2.7	10.5	0.8	Tokyo
BANDAI NAMCO Holdings Inc.	7832.T	19,474	15.3	22.9	3.7	Tokyo
OneSpaWorld Holdings Limited	OSW	2,205	21.7	33.5	4.2	NASDAQ Capital Market
Nikon Corporation	7731.T	3,105	9.2	76.6	0.7	Tokyo
Honma Golf Limited	6858.HK	271	36.4	61.7	1.5	HKSE
Sats ASA	SATS.OL	748	0.8	22.4	5.7	Oslo Stock Exchange
Games Workshop Group PLC	GAW.L	7,179	21.7	30.7	18.6	London Stock Exchange
Bénéteau S.A.	BEN.PA	781	5.1	7.1	0.7	Paris
Carnival Corporation & plc	0EV1.L	37,842	1.6	18.8	4.2	London Stock Exchange
FURYU Corporation	6238.T	181	8.8	16.6	1.2	Tokyo
Brogent Technologies Inc.	5263.TWO	226	21.6	318.3	1.7	Taipei Exchange
YETI Holdings, Inc.	YETI	2,899	10.7	16.4	3.8	New York Stock Exchange
Ideal Bike Corporation	8933.TWO	68	-7.1	-6.9	0.9	Taipei Exchange
Pop Mart International Group Limited	9992.HK	41,602	67.4	95.7	28.0	HKSE
TOMY Company, Ltd.	7867.T	1,925	10.1	17.5	2.7	Tokyo
Profoto Holding AB (publ)	PRFO.ST	93	3.5	8.8	2.4	Stockholm Stock Exchange
Rapala VMC Corporation	RAP1V.HE	53	-0.5	-8.7	0.3	Helsinki
Topkey Corporation	4536.TW	568	7.3	9.4	1.9	Taiwan
Bonny Worldwide Limited	8467.TW	289	11.1	13.4	2.8	Taiwan
Tivoli A/S	TIV.CO	552	12.3	31.7	3.4	Copenhagen
Li Ning Company Limited	2331.HK	5,330	7.2	12.7	1.5	HKSE
Giant Manufacturing Co., Ltd.	9921.TW	1,446	5.7	38.2	1.2	Taiwan
Amer Sports, Inc.	AS	21,312	31.8	106.8	4.1	New York Stock Exchange
SRM Entertainment, Inc.	SRM	184	-141.7	-36.5	24.0	NASDAQ Capital Market
WW Holding Inc.	8442.TW	173	4.3	6.9	1.4	Taiwan
Dometic Group AB (publ)	DOM.ST	1,601	0.9	-6.5	0.7	Stockholm Stock Exchange
Impulse (Qingdao) Health Tech Co.,Ltd.	002899.SZ	466	19.9	26.9	1.7	Shenzhen
Carnival Corporation & plc	CUK	34,655	1.8	15.4	3.9	New York Stock Exchange
Kotobukiya Co., Ltd.	7809.T	87	4.7	11.7	1.8	Tokyo
SK Japan Co.,Ltd.	7608.T	63	10.0	10.0	1.7	Tokyo
Vista Outdoor Inc.	VSTO	2,608	15.0	-286.2	2.1	New York Stock Exchange
Escalade, Incorporated	ESCA	168	6.4	12.1	1.0	NASDAQ Global Market
Cashbox Partyworld Co., Ltd.	8359.TWO	379	5.7	12.5	1.5	Taipei Exchange
Izu Shaboten Resort Co.,Ltd	6819.T	61	6.5	10.1	1.6	Tokyo
Abéo SA	ABEO.PA	81	-0.5	41.0	0.7	Paris
Guangdong Qunxing Toys Joint-Stock Co., Ltd.	002575.SZ	746	-135.5	-150.6	5.6	Shenzhen
Xponential Fitness, Inc.	XPOF	535	-5.0	-5.4	-1.7	New York Stock Exchange
H.I.S. Co., Ltd.	9603.T	690	1.2	10.6	1.8	Tokyo
American Outdoor Brands, Inc.	AOUT	119	8.2	-1,533.5	0.7	NASDAQ Global Select
Huayi Tencent Entertainment Company Limited	0419.HK	62	-4.1	-3.0	4.7	HKSE
China Travel International Investment Hong Kong Limited	0308.HK	1,418	12.1	105.0	0.7	HKSE
Bergbahnen Engelberg-Trübsee-Titlis AG	TIBN.SW	178	4.4	9.5	0.9	Swiss Exchange
Eagle Football Group Société anonyme	EFG.PA	342	-2.0	-13.5	9.3	Paris
Oriental Land Co., Ltd.	4661.T	34,307	29.3	41.1	5.2	Tokyo
BanBao Co., Ltd.	603398.SS	296	-1.7	-1.8	2.4	Shanghai
Viva Leisure Limited	VVA.AX	85	-5.1	35.7	1.2	Australian Securities Exchange
Goodbaby International Holdings Limited	1086.HK	244	1.5	5.5	0.3	HKSE
Wonderla Holidays Limited	WONDERLA.NS	482	28.7	38.1	2.4	National Stock Exchange of India
MIPS AB (publ)	MIPS.ST	1,173	61.5	76.6	17.5	Stockholm Stock Exchange
The Character Group plc	CCT.L	67	6.8	10.6	1.4	London Stock Exchange
Gokurakuyu Holdings Co., Ltd.	2340.T	102	8.6	20.3	4.1	Tokyo
Playmates Toys Limited	0869.HK	83	17.7	4.9	0.5	HKSE
Fujian Forecam Optics Co., Ltd.	688010.SS	671	83.4	484.9	2.8	Shanghai
Roland Corporation	7944.T	537	5.9	12.1	2.2	Tokyo
Holiday Entertainment Co.,Ltd	9943.TW	310	8.9	15.6	2.5	Taiwan
Tamron Co.,Ltd.	7740.T	988	8.8	2.6	0.5	Tokyo
Shanghai Yaoji Technology Co., Ltd.	002605.SZ	1,566	16.3	21.2	3.1	Shenzhen
Goldwin Inc.	8111.T	2,350	13.3	14.3	3.2	Tokyo
FuSheng Precision Co., Ltd.	6670.TW	1,337	6.8	9.5	2.4	Taiwan
tonies SE	TNIE.DE	763	-1,823.9	-28.5	1.9	XETRA
Shoei Co., Limited	7839.T	625	10.1	13.9	3.2	Tokyo
CURVES HOLDINGS Co., Ltd.	7085.T	419	8.2	16.1	3.1	Tokyo
Goldlok Holdings(Guangdong) Co.,Ltd.	002348.SZ	506	-74.6	-61.5	8.2	Shenzhen
Hailun Piano Co.,Ltd.	300329.SZ	362	-22.1	-25.1	3.7	Shenzhen
Aeon Fantasy Co., Ltd.	4343.T	445	3.2	-36.5	10.0	Tokyo
Zett Corporation	8135.T	56	13.1	2.8	0.6	Tokyo
Sports Gear Co., Ltd.	6768.TW	697	9.5	11.3	1.3	Taiwan
Shanghai Phoenix Enterprise (Group) Co., Ltd.	600679.SS	689	-48.7	-49.7	3.3	Shanghai
Racing Force S.P.A.	ALRFG.PA	152	12.9	22.1	2.1	Paris
Descente Ltd.	8114.T	2,201	29.2	36.1	2.9	Tokyo
Toread Holdings Group Co., Ltd.	300005.SZ	1,004	70.2	85.0	3.6	Shenzhen
Joy Kie Corporation Limited.	300994.SZ	524	24.9	25.8	3.0	Shenzhen
Merida Industry Co., Ltd.	9914.TW	1,022	-169.9	-43.2	1.5	Taiwan
TWC Enterprises Limited	TWC.TO	416	8.3	13.5	1.0	Toronto Stock Exchange
Daiichikosho Co., Ltd.	7458.T	1,116	4.9	9.2	1.4	Tokyo
Shenzhen China Bicycle Company (Holdings) Limited	200017.SZ	450	125.7	43.1	2.4	Shenzhen
Spin Master Corp.	TOY.TO	1,907	4.7	16.8	1.4	Toronto Stock Exchange
Tosho Co., Ltd.	8920.T	167	3.3	20.3	0.7	Tokyo
Racing Force S.P.A.	RFG.MI	149	12.9	22.1	2.1	Milan
Jiangsu Jinling Sports Equipment Co.,Ltd.	300651.SZ	443	69.2	186.2	5.0	Shenzhen
Carnival Corporation & plc	CCL	38,396	1.8	15.4	3.9	New York Stock Exchange
Launch Technologies Co., Ltd.	8420.TWO	76	25.0	-101.7	2.5	Taipei Exchange
E-World Co.,Ltd.	084680.KS	166	-11.7	-9.0	1.0	KSE
Shifeng Cultural Development Co., Ltd.	002862.SZ	448	160.2	303.3	4.9	Shenzhen
Thunder Tiger Corp.	8033.TW	335	51.7	112.0	5.2	Taiwan
Benefit Systems S.A.	BFT.WA	2,861	9.2	23.0	7.6	Warsaw Stock Exchange
Harvia Oyj	HARVIA.HE	1,086	19.5	37.2	7.2	Helsinki
Heiwa Corporation	6412.T	1,354	-10.9	15.4	0.8	Tokyo
Peloton Interactive, Inc.	PTON	2,407	22.6	-14.5	-5.0	NASDAQ Global Select
Shanghai Rongtai Health Technology Corporation Limited	603579.SS	698	23.0	29.1	2.4	Shanghai
Songcheng Performance Development Co.,Ltd	300144.SZ	3,090	18.0	21.4	2.7	Shenzhen
Alexander Marine Co., Ltd.	8478.TW	673	22.3	42.7	2.3	Taiwan
Cambuci S.A.	CAMB3.SA	72	4.2	5.3	1.4	São Paulo
Sportsoul Co.,Ltd.	001300.SZ	426	169.7	190.3	3.0	Shenzhen
Basic-Fit N.V.	BFIT.AS	2,013	-3.2	216.3	4.2	Amsterdam
As Commercial Industrial Company of Computers and Toys S.A.	ASCO.AT	56	4.3	8.5	1.3	Athens
The Gym Group plc	GYM.L	362	-1.5	61.4	2.1	London Stock Exchange
Thule Group AB (publ)	THULE.ST	3,142	15.0	27.9	4.0	Stockholm Stock Exchange
Hollywood Bowl Group plc	BOWL.L	554	3.0	14.1	2.8	London Stock Exchange
Piscines Desjoyaux SA	ALPDX.PA	139	7.4	11.9	1.1	Paris
Advanced International Multitech Co., Ltd.	8938.TWO	330	3.5	7.5	1.3	Taipei Exchange
Round One Corporation	4680.T	2,719	7.4	25.5	5.7	Tokyo
Shenzhen China Bicycle Company (Holdings) Limited	000017.SZ	434	121.4	225.0	12.6	Shenzhen
Smartphoto Group NV	SMAR.BR	107	10.8	17.1	1.9	Brussels
Guangdong Jinma Entertainment Corporation Limited	300756.SZ	584	-1,335.9	-1,287.9	2.8	Shenzhen
FILA Holdings Corporation	081660.KS	1,554	1.0	23.0	1.1	KSE
YaGuang Technology Group Company Limited	300123.SZ	876	-8.4	-6.9	4.2	Shenzhen
Kiu Hung International Holdings Limited	0381.HK	54	11.8	-3.7	1.3	HKSE
Dalian Sunasia Tourism Holding CO.,LTD	600593.SS	586	504.5	-52.9	30.0	Shanghai
Acushnet Holdings Corp.	GOLF	4,751	10.3	21.9	6.4	New York Stock Exchange
HL Corp (Shenzhen)	002105.SZ	390	89.3	-116.5	3.1	Shenzhen
Johnson Health Tech .Co., Ltd.	1736.TW	1,734	6.0	18.0	4.0	Taiwan
Phenix Optical Company Limited	600071.SS	851	47.0	205.6	17.0	Shanghai
Kawai Musical Instruments Manufacturing Co., Ltd.	7952.T	150	14.2	55.1	0.5	Tokyo
Shimano Inc.	7309.T	11,850	21.4	28.9	2.2	Tokyo
Zhejiang Natural Outdoor Goods Inc.	605080.SS	174	5.1	15.3	1.7	Shanghai
O-TA Precision Industry Co., Ltd.	8924.TWO	154	11.7	10.4	1.1	Taipei Exchange
Planet Fitness, Inc.	PLNT	9,431	20.3	52.7	-43.1	New York Stock Exchange
Central Sports Co., Ltd.	4801.T	185	9.1	20.2	1.1	Tokyo
YONEX Co., Ltd.	7906.T	1,717	16.2	24.1	3.7	Tokyo
Dyaco International Inc.	1598.TW	128	3.4	-88.9	0.7	Taiwan
China United Travel Co.,Ltd	600358.SS	437	-51.6	-46.3	41.2	Shanghai
Wonderla Holidays Limited	WONDERLA.BO	482	28.7	38.1	2.4	Bombay Stock Exchange
Zhonglu.Co.,Ltd	600818.SS	422	-714.2	-215.7	6.4	Shanghai
Fast Fitness Japan Incorporated	7092.T	182	8.0	13.5	2.0	Tokyo
Cosonic Intelligent Technologies Co., Ltd.	300793.SZ	900	70.4	159.4	2.2	Shenzhen
Armah Sports Co.	9590.SR	736	24.0	72.9	5.8	Saudi
Compagnie Du Mont-Blanc	MLCMB.PA	176	2.6	8.8	0.9	Paris
Leejam Sports Company	1830.SR	1,886	6.8	17.0	5.9	Saudi