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	5.8	14.3	0.8
Alkim Alkali Kimya A.S.	28.2	-35.2	1.2
Mediana / Alkim Alkali Kimya A.S.	0.2	-0.4	0.7

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Pozostałe spółki z branży Paper, Lumber & Forest Products

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
Fujian Yongan Forestry(Group)Joint -Stock Co.,Ltd.	000663.SZ	305	-28.5	-21.7	2.1	Shenzhen
Xiamen anne co.ltd	002235.SZ	443	149.4	128.3	4.5	Shenzhen
Dongwha Enterprise Co.,Ltd	025900.KQ	283	-4.8	-32.1	0.5	KOSDAQ
Dare Power Dekor Home Co.,Ltd.	000910.SZ	561	46.4	37.5	0.6	Shenzhen
Shandong Chenming Paper Holdings Limited	000488.SZ	531	3.0	-0.7	0.8	Shenzhen
Qifeng New Material Co., Ltd.	002521.SZ	706	34.3	68.3	1.3	Shenzhen
Zhongfu Straits (Pingtan) Development Company Limited	000592.SZ	804	-72.1	-51.4	3.0	Shenzhen
Chengxin Lithium Group Co., Ltd.	002240.SZ	1,473	-19.6	-16.8	0.9	Shenzhen
Moorim Paper Co., Ltd.	009200.KS	65	-6.4	2.2	0.2	KSE
Sungchang Enterprise Holdings Limited	000180.KS	75	27.0	-29.7	0.2	KSE
Asia Paper Manufacturing.Co.,Ltd	002310.KS	215	3.8	12.9	0.4	KSE
Fujian Jinsen Forestry Co.,Ltd	002679.SZ	301	22.3	210.0	2.9	Shenzhen
Hansol Holdings Co., Ltd.	004150.KS	84	8.8	59.7	0.2	KSE
Zhejiang Jingxing Paper Joint Stock Co., Ltd.	002067.SZ	659	18.7	167.8	0.8	Shenzhen
seha corporation	027970.KS	113	-0.9	37.5	0.3	KSE
Moorim P&P Co., Ltd.	009580.KS	130	-5.5	8.1	0.3	KSE
PaperCorea Inc.	001020.KS	95	3.8	-13.5	0.5	KSE
KleanNara Co., Ltd.	004540.KS	60	-9.9	-3.9	0.5	KSE
Zhejiang Kan Specialities Material Co., Ltd.	002012.SZ	367	113.9	602.8	1.9	Shenzhen
Sam Jung Pulp Co.,Ltd.	009770.KS	53	1.5	1.9	0.3	KSE
MCC Meili Cloud Computing Industry Investment Co., Ltd.	000815.SZ	1,314	-18.5	-13.7	5.6	Shenzhen
Deceuninck NV	0MEL.L	344	2.5	21.6	0.9	London Stock Exchange
Shindaeyang Paper Co., Ltd.	016590.KS	211	4.0	10.8	0.6	KSE
Shandong Sunpaper Co., Ltd.	002078.SZ	5,486	4.4	13.0	1.3	Shenzhen
DeHua TB New Decoration Material Co.,Ltd	002043.SZ	1,130	11.4	14.1	2.7	Shenzhen
Shandong Chenming Paper Holdings Limited	200488.SZ	516	2.7	-0.2	0.2	Shenzhen
Muda Holdings Berhad	3883.KL	70	-10.0	-5.9	0.3	Kuala Lumpur
Cre8 Direct (NingBo) Co., Ltd.	300703.SZ	574	22.1	33.8	4.5	Shenzhen
Nine Dragons Paper (Holdings) Limited	2689.HK	1,878	-6.9	16.7	0.4	HKSE
China Sunshine Paper Holdings Company Limited	2002.HK	246	-3.6	6.3	0.4	HKSE
Baolong International Co., Ltd.	1906.TW	64	2.0	50.8	0.6	Taiwan
Cheng Loong Corporation	1904.TW	651	-0.8	47.5	0.7	Taiwan
Shihlin Paper Corporation	1903.TW	547	391.7	-631.5	3.1	Taiwan
Lee & Man Paper Manufacturing Limited	2314.HK	1,215	-3.6	7.3	0.3	HKSE
Q P Group Holdings Limited	1412.HK	93	4.7	5.6	0.8	HKSE
Middle East Company for Manufacturing and Producing Paper	1202.SR	646	25.3	-31.3	1.5	Saudi
Chung Hwa Pulp Corporation	1905.TW	459	0.6	-53.7	0.9	Taiwan
YFY Inc.	1907.TW	1,450	-0.1	26.6	0.7	Taiwan
Daio Paper Corporation	3880.T	942	-3.4	-12.2	0.6	Tokyo
Nippon Paper Industries Co., Ltd.	3863.T	846	-8.6	27.0	0.3	Tokyo
Hansol Paper Co., Ltd.	213500.KS	150	-7.3	-6.8	0.3	KSE
Chuetsu Pulp & Paper Co., Ltd.	3877.T	145	-0.9	12.1	0.4	Tokyo
Oji Holdings Corporation	3861.T	4,473	-1.2	14.3	0.6	Tokyo
Hokuetsu Corporation	3865.T	1,157	3.2	10.8	0.6	Tokyo
Mitsubishi Paper Mills Limited	3864.T	190	-2.5	6.3	0.3	Tokyo
Shandong Chenming Paper Holdings Limited	1812.HK	520	2.8	-0.2	0.2	HKSE
Ichikawa Co., Ltd.	3513.T	50	6.2	8.5	0.3	Tokyo
Guangdong Guanhao High-Tech Co., Ltd.	600433.SS	760	11.2	35.7	1.1	Shanghai
Xinjiang Tianrun Dairy Co., Ltd.	600419.SS	462	22.9	-97.2	1.4	Shanghai
Shanying International Holdings Co.,Ltd	600567.SS	1,430	-7.4	-22.6	0.7	Shanghai
Fujian Qingshan Paper Industry Co.,Ltd.	600103.SS	683	21.3	52.5	1.2	Shanghai
Guangxi Fenglin Wood Industry Group Co.,Ltd	601996.SS	340	-24.3	-15.8	0.9	Shanghai
Xianhe Co.,Ltd.	603733.SS	2,003	2.5	15.1	1.8	Shanghai
Wuzhou Special Paper Group Co., Ltd.	605007.SS	746	1.7	17.8	1.5	Shanghai
Shandong Huatai Paper Industry Shareholding Co.,Ltd	600308.SS	729	11.2	-309.9	0.6	Shanghai
Hubei Geoway Investment Co.,Ltd.	600462.SS	80	25.0	28.5	15.9	Shanghai
Kangxin New Materials Co., Ltd	600076.SS	432	-11.1	-10.1	0.9	Shanghai
Hangzhou Huawang New Material Technology Co.,Ltd.	605377.SS	575	13.9	10.5	1.0	Shanghai
Mudanjiang Hengfeng Paper Co.,Ltd	600356.SS	338	10.7	20.9	1.0	Shanghai
Jilin Forest Industry Co., Ltd.	600189.SS	759	76.8	230.5	3.2	Shanghai
GuangDong SongYang Recycle Resources CO.,LTD	603863.SS	404	-14.1	-12.3	6.3	Shanghai
Keding Enterprises Co., Ltd.	6655.TW	320	7.3	25.2	3.9	Taiwan
Minfeng Special Paper Co., Ltd.	600235.SS	302	11.7	46.9	1.4	Shanghai
Yibin Paper Industry Co., Ltd.	600793.SS	717	29.3	-55.2	21.6	Shanghai
Yueyang Forest & Paper Co., Ltd.	600963.SS	1,068	2.4	52.3	0.9	Shanghai
Shandong Bohui Paper Industry Co., Ltd.	600966.SS	820	6.2	42.9	0.8	Shanghai
Zhejiang Great Shengda Packaging Co.,Ltd.	603687.SS	561	20.2	37.3	1.3	Shanghai
Tokushu Tokai Paper Co., Ltd.	3708.T	299	2.3	12.0	0.5	Tokyo
Kokusai Pulp&Paper Co.,Ltd.	9274.T	333	-2.4	6.1	0.6	Tokyo
LINTEC Corporation	7966.T	1,315	6.8	13.2	0.8	Tokyo
Japan Pulp and Paper Company Limited	8032.T	512	-0.8	9.8	0.6	Tokyo
Sern Kou Resources Berhad	7180.KL	208	672.9	-65.2	4.0	Kuala Lumpur
Ozu Corporation	7487.T	95	18.1	30.3	0.8	Tokyo
Acadian Timber Corp.	ADN.TO	241	7.0	16.7	1.0	Toronto Stock Exchange
Green River Holding Co. Ltd.	8444.TWO	69	-112.4	-2.1	1.9	Taipei Exchange
Moulinvest SA	ALMOU.PA	53	2.8	-147.9	0.7	Paris
Altri, SGPS, S.A.	ALTR.LS	1,235	3.4	10.1	2.4	Lisbon
Arctic Paper S.A.	ARP.ST	205	2.3	4.0	0.5	Stockholm Stock Exchange
Arctic Paper S.A.	ATC.WA	192	2.1	4.1	0.5	Warsaw Stock Exchange
Alkim Alkali Kimya A.S.	ALKIM.IS	109	28.2	-35.2	1.2	Istanbul Stock Exchange
Accsys Technologies PLC	AXS.AS	199	-18.8	-5.4	1.9	Amsterdam
Andhra Paper Limited	ANDHRAPAP.NS	180	5.2	12.8	0.8	National Stock Exchange of India
Andhra Paper Limited	ANDHRAPAP.BO	179	5.2	12.8	0.8	Bombay Stock Exchange
PT Alkindo Naratama Tbk	ALDO.JK	83	22.0	-92.5	1.3	Jakarta Stock Exchange
Exacompta Clairefontaine S.A.	ALEXA.PA	200	-0.2	5.6	0.3	Paris
Accsys Technologies PLC	AXS.L	195	9.7	-5.1	1.8	London Stock Exchange
BillerudKorsnäs AB (publ)	BILL.ST	2,689	3.6	13.9	0.9	Stockholm Stock Exchange
Century Plyboards (India) Limited	CENTURYPLY.BO	2,044	35.6	82.6	7.7	Bombay Stock Exchange
Big River Industries Limited	BRI.AX	71	1.9	-6.8	1.1	Australian Securities Exchange
CPH Chemie + Papier Holding AG	CPHN.SW	505	14.3	90.8	2.0	Swiss Exchange
Corticeira Amorim, S.G.P.S., S.A.	COR.LS	1,213	5.6	15.2	1.4	Lisbon
Clearwater Paper Corporation	CLW	481	7.8	2.7	0.6	New York Stock Exchange
Canfor Corporation	CFP.TO	1,180	-10.8	-2.6	0.5	Toronto Stock Exchange
Empresas CMPC S.A.	CMPC.SN	3,938	-1.5	11.7	0.5	Santiago
ENCE Energía y Celulosa, S.A.	ENC.MC	818	2.1	27.2	1.3	Madrid Stock Exchange
Dexco S.A.	DXCO3.SA	828	-0.7	26.7	0.7	São Paulo
Stora Enso Oyj	ENUA.F	7,964	5.1	-70.7	0.6	Frankfurt Stock Exchange
Emami Paper Mills Limited	EMAMIPAP.BO	70	-0.2	12.2	0.7	Bombay Stock Exchange
Holmen AB (publ)	HOLM-A.ST	6,471	12.3	21.4	1.1	Stockholm Stock Exchange
Iberpapel Gestión, S.A.	IBG.MC	261	8.0	10.0	0.7	Madrid Stock Exchange
Holmen AB (publ)	HOLM-B.ST	6,491	12.3	21.4	1.1	Stockholm Stock Exchange
Genus Paper & Boards Limited	GENUSPAPER.BO	60	2.3	157.7	1.1	Bombay Stock Exchange
Greenpanel Industries Limited	GREENPANEL.BO	389	19.5	46.2	2.5	Bombay Stock Exchange
Goodfellow Inc.	GDL.TO	79	1.7	9.6	0.5	Toronto Stock Exchange
Greenply Industries Limited	GREENPLY.NS	449	14.9	37.0	5.1	National Stock Exchange of India
Genus Paper & Boards Limited	GENUSPAPER.NS	59	2.3	157.7	1.1	National Stock Exchange of India
Greenply Industries Limited	GREENPLY.BO	449	14.9	37.0	5.1	Bombay Stock Exchange
GreenFirst Forest Products Inc.	GFP.TO	59	-6.8	-1.5	0.5	Toronto Stock Exchange
PT Indah Kiat Pulp & Paper Tbk	INKP.JK	2,102	-0.6	5.0	0.3	Jakarta Stock Exchange
Klabin S.A.	KLBN11.SA	23,004	9.6	62.0	13.0	São Paulo
Kuantum Papers Limited	KUANTUM.NS	116	2.0	8.1	0.9	National Stock Exchange of India
JK Paper Limited	JKPAPER.NS	737	3.6	10.4	1.2	National Stock Exchange of India
JK Paper Limited	JKPAPER.BO	743	3.6	10.4	1.2	Bombay Stock Exchange
Interfor Corporation	IFP.TO	494	9.4	-2.5	0.5	Toronto Stock Exchange
PT Indonesia Fibreboard Industry Tbk	IFII.JK	150	5.9	11.8	1.9	Jakarta Stock Exchange
Kuantum Papers Limited	KUANTUM.BO	117	2.0	8.1	0.9	Bombay Stock Exchange
Klabin S.A.	KLBN4.SA	4,027	9.6	62.0	13.0	São Paulo
Klabin S.A.	KLBN3.SA	3,997	9.6	62.0	13.0	São Paulo
Mondi plc	MNDI.L	7,298	5.2	16.6	1.3	London Stock Exchange
James Latham plc	LTHM.L	304	9.4	11.1	1.1	London Stock Exchange
Miquel y Costas & Miquel, S.A.	MCM.MC	606	4.9	9.2	1.4	Madrid Stock Exchange
Mercer International Inc.	MERC	245	-5.6	-2.7	0.6	NASDAQ Global Select
Mativ Holdings, Inc.	MATV	357	2.9	-0.8	0.8	New York Stock Exchange
Midway Limited	MWY.AX	69	13.7	151.7	0.9	Australian Securities Exchange
The Navigator Company, S.A.	NVG.LS	2,770	3.0	8.4	1.8	Lisbon
Nordic Paper Holding AB (publ)	NPAPER.ST	350	2.6	7.3	2.3	Stockholm Stock Exchange
Norske Skog ASA	NSKOG.OL	183	-2.3	-7.0	0.3	Oslo Stock Exchange
Orient Paper & Industries Limited	ORIENTPPR.BO	75	37.8	-14.9	0.4	Bombay Stock Exchange
Pakka Limited	PAKKA.BO	95	8.2	17.5	2.4	Bombay Stock Exchange
Pakka Limited	PAKKA.NS	95	8.2	17.5	2.4	National Stock Exchange of India
Orient Paper & Industries Limited	ORIENTPPR.NS	73	37.8	-14.9	0.4	National Stock Exchange of India
Pudumjee Paper Products Limited	PDMJEPAPER.NS	128	6.8	9.6	2.0	National Stock Exchange of India
Pudumjee Paper Products Limited	PDMJEPAPER.BO	128	6.8	9.6	2.0	Bombay Stock Exchange
N R Agarwal Industries Limited	NRAIL.NS	52	-1.6	11.2	0.6	National Stock Exchange of India
Rottneros AB (publ)	RROS.ST	68	1.1	29.0	0.4	Stockholm Stock Exchange
Shree Rama Newsprint Limited	RAMANEWS.BO	68	18.4	-4.9	7.9	Bombay Stock Exchange
Ruchira Papers Limited	RUCHIRA.NS	50	3.9	7.3	1.0	National Stock Exchange of India
Ruchira Papers Limited	RUCHIRA.BO	50	3.9	7.3	1.0	Bombay Stock Exchange
Shree Rama Newsprint Limited	RAMANEWS.NS	67	18.4	-4.9	7.9	National Stock Exchange of India
UPM-Kymmene Oyj	RPL.DE	17,281	8.6	41.9	1.2	Frankfurt Stock Exchange
Stora Enso Oyj	STE-A.ST	7,999	5.2	-76.3	0.7	Stockholm Stock Exchange
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A.	SEM.LS	1,647	2.1	6.0	0.7	Lisbon
Svenska Cellulosa Aktiebolaget SCA (publ)	SCA-B.ST	9,297	12.2	24.3	0.8	Stockholm Stock Exchange
Svenska Cellulosa Aktiebolaget SCA (publ)	SCA-A.ST	9,269	13.1	24.3	0.8	Stockholm Stock Exchange
S.Kijchai Enterprise Public Company Limited	SKN.BK	137	6.7	7.2	1.1	Thailand
Satia Industries Limited	SATIA.BO	94	1.6	6.6	0.8	Bombay Stock Exchange
STEICO SE	ST5.DE	344	2.3	10.8	0.9	Frankfurt Stock Exchange
Suzano S.A.	SUZB3.SA	11,886	-5.6	-69.7	1.7	São Paulo
Surteco Group SE	SUR.DE	296	-1.0	29.2	0.6	Frankfurt Stock Exchange
Stella-Jones Inc.	SJ.TO	3,126	3.9	12.8	2.2	Toronto Stock Exchange
Seshasayee Paper and Boards Limited	SESHAPAPER.NS	207	8.8	12.2	0.9	National Stock Exchange of India
Suzano S.A.	SUZ	11,873	-1.0	-9.0	1.7	New York Stock Exchange
Sylvamo Corporation	SLVM	2,202	2.6	7.7	2.4	New York Stock Exchange
Stora Enso Oyj	STEAV.HE	7,986	5.1	-70.7	0.6	Helsinki
Seshasayee Paper and Boards Limited	SESHAPAPER.BO	207	8.8	12.2	0.9	Bombay Stock Exchange
PT Suparma Tbk	SPMA.JK	52	2.1	9.3	0.4	Jakarta Stock Exchange
Satia Industries Limited	SATIA.NS	94	1.6	6.6	0.8	National Stock Exchange of India
Stora Enso Oyj	STE-R.ST	8,171	5.1	-70.7	0.6	Stockholm Stock Exchange
UPM-Kymmene Oyj	UPM.HE	14,357	8.6	41.9	1.2	Helsinki
Stora Enso Oyj	STERV.HE	7,998	5.1	-70.7	0.6	Helsinki
PT Pabrik Kertas Tjiwi Kimia Tbk	TKIM.JK	1,129	1.6	4.0	0.4	Jakarta Stock Exchange
Tamil Nadu Newsprint and Papers Limited	TNPL.NS	132	-1.2	77.3	0.5	National Stock Exchange of India
Tamil Nadu Newsprint and Papers Limited	TNPL.BO	132	-1.2	77.3	0.5	Bombay Stock Exchange
United Paper Public Company Limited	UTP.BK	155	6.7	8.2	1.1	Thailand
UFP Industries, Inc.	UFPI	5,908	10.1	15.7	1.8	NASDAQ Global Select
Vanachai Group Public Company Limited	VNG.BK	108	-1.9	15.6	0.5	Thailand
West Fraser Timber Co. Ltd.	WFG	5,796	9.5	2,980.4	0.9	New York Stock Exchange
West Fraser Timber Co. Ltd.	WFG.TO	5,803	9.5	2,980.3	0.9	Toronto Stock Exchange
Western Forest Products Inc.	WEF.TO	94	4.4	-14.7	0.2	Toronto Stock Exchange
West Coast Paper Mills Limited	WSTCSTPAPR.BO	382	3.8	8.5	1.0	Bombay Stock Exchange
West Coast Paper Mills Limited	WSTCSTPAPR.NS	384	3.8	8.5	1.0	National Stock Exchange of India