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

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	4.6	13.1	1.1
Adani Power Limited	7.4	17.1	3.9
Mediana / Adani Power Limited	0.6	0.8	0.3

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Pozostałe spółki z branży Independent Power Producers

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
Datang International Power Generation Co., Ltd.	0991.HK	7,111	-6.4	7.4	0.5	HKSE
China Resources Power Holdings Company Limited	0836.HK	14,085	-2.0	7.2	0.9	HKSE
Guangdong Baolihua New Energy Stock Co., Ltd.	000690.SZ	1,305	4.7	11.6	0.7	Shenzhen
Power Assets Holdings Limited	0006.HK	13,946	158.3	17.7	1.2	HKSE
CGN Power Co., Ltd.	003816.SZ	23,649	-0.8	18.1	1.5	Shenzhen
Huaneng Power International, Inc.	0902.HK	14,378	-4.2	8.2	0.6	HKSE
CGN New Energy Holdings Co., Ltd.	1811.HK	1,307	-5.6	5.3	0.8	HKSE
Jilin Province Chuncheng Heating Company Limited	1853.HK	79	5.4	6.0	0.6	HKSE
ACWA POWER Company	2082.SR	52,670	50.8	104.6	9.4	Saudi
CGN Power Co., Ltd.	1816.HK	23,926	-0.3	11.2	1.0	HKSE
China Yangtze Power Co., Ltd.	600900.SS	102,120	9.8	21.8	3.4	Shanghai
Datang International Power Generation Co., Ltd.	601991.SS	6,956	-8.6	13.2	0.9	Shanghai
Sunpower Group Ltd.	5GD.SI	164	-2.7	10.0	0.6	Stock Exchange of Singapore
Huadian Energy Company Limited	600726.SS	2,296	3.1	86.3	4.5	Shanghai
Beijing Jingneng Power Co., Ltd.	600578.SS	4,061	-1.4	13.4	1.1	Shanghai
Zhejiang Zheneng Electric Power Co., Ltd.	600023.SS	9,961	4.6	10.2	1.0	Shanghai
Huaneng Power International, Inc.	600011.SS	14,009	-4.2	12.8	0.9	Shanghai
Sichuan Chuantou Energy Co.,Ltd.	600674.SS	11,122	12.2	17.0	1.8	Shanghai
Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited	600863.SS	3,759	5.3	12.6	1.5	Shanghai
China National Nuclear Power Co., Ltd.	601985.SS	27,155	-4.5	22.1	1.7	Shanghai
Dalian Thermal Power Co.,Ltd.	600719.SS	378	251.6	-24.3	5.8	Shanghai
Adani Power Limited	ADANIPOWER.BO	24,972	7.4	17.1	3.9	Bombay Stock Exchange
Admie Holding S.A.	ADMIE.AT	844	-0.5	6.5	0.5	Athens
Adani Energy Solutions Limited	ADANIENSOL.NS	12,403	10.9	98.1	4.7	National Stock Exchange of India
Kyushu Electric Power Company, Incorporated	9508.T	3,969	-7.1	4.5	0.6	Tokyo
Adani Power Limited	ADANIPOWER.NS	24,941	7.4	17.1	3.9	National Stock Exchange of India
Adani Energy Solutions Limited	ADANIENSOL.BO	12,378	10.9	98.1	4.7	Bombay Stock Exchange
Ayen Enerji A.S.	AYEN.IS	175	0.6	10.5	0.5	Istanbul Stock Exchange
Dogu Aras Enerji Yatirimlari AS	ARASE.IS	305	2.0	97.8	0.9	Istanbul Stock Exchange
AGL Energy Limited	AGL.AX	4,530	2.4	30.1	1.3	Australian Securities Exchange
B.Grimm Power Public Company Limited	BGRIM.BK	837	-4.9	17.4	0.8	Thailand
Banpu Power Public Company Limited	BPP.BK	643	-1.7	12.9	0.4	Thailand
B.Grimm Power Public Company Limited	BGRIM-R.BK	837	-4.9	17.4	0.8	Thailand
CESC Limited	CESC.NS	2,604	2.2	16.0	1.9	National Stock Exchange of India
Banpu Power Public Company Limited	BPP-R.BK	643	-1.7	12.9	0.4	Thailand
Centrica plc	CNA.L	10,581	2.6	6.0	1.8	London Stock Exchange
Capital Power Corporation	CPX.TO	6,384	2.8	12.1	1.7	Toronto Stock Exchange
Electricity Generating Public Company Limited	ECGF.F	1,973	-1.2	11.2	0.6	Frankfurt Stock Exchange
Electricity Generating Public Company Limited	EGCO-R.BK	1,722	-2.5	10.4	0.5	Thailand
Electricity Generating Public Company Limited	EGCO.BK	1,730	-2.5	10.4	0.5	Thailand
Orient Green Power Company Limited	GREENPOWER.BO	182	5.4	40.2	1.5	Bombay Stock Exchange
GVK Power & Infrastructure Limited	GVKPIL.BO	76	-1.9	1.1	-1.4	Bombay Stock Exchange
Genesis Energy Limited	GNE.NZ	1,505	1.9	15.1	0.8	NZSE
Genesis Energy Limited	GNE.AX	1,516	2.7	15.2	0.8	Australian Securities Exchange
Orient Green Power Company Limited	GREENPOWER.NS	182	5.4	40.2	1.5	National Stock Exchange of India
Jaiprakash Power Ventures Limited	JPPOWER.BO	1,302	4.2	19.7	1.3	Bombay Stock Exchange
JSW Energy Limited	JSWENERGY.BO	10,650	10.6	48.3	3.3	Bombay Stock Exchange
JSW Energy Limited	JSWENERGY.NS	10,678	10.6	48.3	3.3	National Stock Exchange of India
Kenon Holdings Ltd.	KEN	1,939	5.4	3.3	1.2	New York Stock Exchange
PT Kencana Energi Lestari Tbk	KEEN.JK	187	4.2	27.4	1.1	Jakarta Stock Exchange
Jaiprakash Power Ventures Limited	JPPOWER.NS	1,298	4.2	19.7	1.3	National Stock Exchange of India
K.P. Energy Limited	KPEL.BO	426	21.5	38.1	15.1	Bombay Stock Exchange
Maxim Power Corp.	MXG.TO	209	8.2	19.2	0.9	Toronto Stock Exchange
Polenergia S.A.	PEP.WA	1,380	6.6	17.3	1.2	Warsaw Stock Exchange
NTPC Limited	NTPC.NS	37,638	1.5	14.7	1.9	National Stock Exchange of India
Pampa Energía S.A.	PAM	4,018	3.9	6.6	1.2	New York Stock Exchange
Pampa Energía S.A.	PAMP.BA	4,048	2.8	6.2	1.2	Buenos Aires
NRG Energy, Inc.	NRG	30,419	5.5	22.6	11.1	New York Stock Exchange
NRG Energy, Inc.	NRA.DE	23,233	3.8	21.8	9.7	Frankfurt Stock Exchange
Public Joint-Stock Company "Second Generating Company of the Electric Power Wholesale Market"	OGKB.ME	661	0.0	0.0	0.0	Moscow Stock Exchange
Reliance Power Limited	RPOWER.BO	2,888	1.7	9.4	1.7	Bombay Stock Exchange
RattanIndia Enterprises Limited	RTNINDIA.NS	767	22.1	77.8	7.1	National Stock Exchange of India
PT Cikarang Listrindo Tbk	POWR.JK	676	1.9	9.0	0.9	Jakarta Stock Exchange
Rojana Industrial Park Public Company Limited	ROJNA.BK	279	-0.4	2.4	0.5	Thailand
Ravindra Energy Limited	RELTD.BO	316	-107.9	-43.5	15.4	Bombay Stock Exchange
Reliance Power Limited	RPOWER.NS	2,893	1.7	9.4	1.7	National Stock Exchange of India
PTC India Limited	PTC.BO	601	2.2	8.1	1.0	Bombay Stock Exchange
Reliance Infrastructure Limited	RELINFRA.BO	1,722	3.1	44.7	1.2	Bombay Stock Exchange
PTC India Limited	PTC.NS	600	2.2	8.1	1.0	National Stock Exchange of India
Uniper SE	UN0.DE	18,685	7.2	-208.0	1.6	XETRA
Public Joint Stock Company Group of Companies TNS energo	TNSE.ME	472	2.8	2.6	1.6	Moscow Stock Exchange
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A.	TRPL3.SA	3,151	1.0	4.8	0.8	São Paulo
Public Joint-Stock Company Territorial Generation Company No.2	TGKB.ME	145	-0.0	-0.7	0.6	Moscow Stock Exchange
Talen Energy Corporation	TLN	11,666	12.3	20.8	10.0	NASDAQ Global Select
TransAlta Corporation	TA.TO	3,075	-0.2	79.7	2.4	Toronto Stock Exchange
Public Joint-Stock Company Unipro	UPRO.ME	1,953	8.0	9.9	1.0	Moscow Stock Exchange
Torrent Power Limited	TORNTPOWER.BO	8,286	10.4	29.1	5.2	Bombay Stock Exchange
Torrent Power Limited	TORNTPOWER.NS	8,291	10.4	29.1	5.2	National Stock Exchange of India
The Tata Power Company Limited	TATAPOWER.NS	14,886	4.6	33.5	3.8	National Stock Exchange of India
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A.	TRPL4.SA	2,849	1.0	4.8	0.8	São Paulo
TransAlta Corporation	TAC	3,072	-0.2	79.7	2.4	New York Stock Exchange
The Tata Power Company Limited	TATAPOWER.BO	14,905	4.6	33.5	3.8	Bombay Stock Exchange
Zespól Elektrowni Patnów-Adamów-Konin S.A.	ZEP.WA	332	2.8	1.9	0.6	Warsaw Stock Exchange
WAAREE RENEWABLE TECHNOLOGIES	WAAREERTL.BO	1,254	33.4	46.8	23.6	Bombay Stock Exchange
Vistra Corp.	VST	58,195	6.2	24.3	12.2	New York Stock Exchange