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	8.2	17.2	1.3
ATP 30 Public Company Limited	0.2	13.3	1.1
Mediana / ATP 30 Public Company Limited	34.5	1.3	1.1

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Pozostałe spółki z branży Railroads

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
Nanjing Public Utilities Development Co., Ltd.	000421.SZ	519	6.1	50.5	1.4	Shenzhen
HeNan Splendor Science & Technology Co., Ltd.	002296.SZ	588	14.1	14.6	1.8	Shenzhen
Transport International Holdings Limited	0062.HK	569	1.3	23.9	0.3	HKSE
China Railway Special Cargo Logistics Co., Ltd.	001213.SZ	2,529	23.0	31.6	0.9	Shenzhen
Sichuan Fulin Transportation Group Co., Ltd.	002357.SZ	400	13.1	20.1	1.7	Shenzhen
Kwoon Chung Bus Holdings Limited	0306.HK	112	-1.2	27.2	0.5	HKSE
Vontron Technology Co., Ltd.	000920.SZ	662	22.3	22.8	2.5	Shenzhen
Hyundai Rotem Company	064350.KS	16,078	36.7	51.4	10.2	KSE
Guangshen Railway Company Limited	0525.HK	2,685	13.5	12.3	0.4	HKSE
China Railway Materials Company Limited	000927.SZ	2,151	24.0	32.5	1.6	Shenzhen
Perak Transit Berhad	0186.KL	187	2.3	10.9	1.0	Kuala Lumpur
MTR Corporation Limited	0066.HK	21,971	4.6	11.0	0.9	HKSE
Ningxia Western Venture Industrial Co.,Ltd.	000557.SZ	1,045	29.8	30.8	1.2	Shenzhen
Chengdu Tangyuan Electric Co.,Ltd.	300789.SZ	478	44.1	47.2	3.3	Shenzhen
Taiwan Taxi Co.,Ltd.	2640.TWO	268	9.2	14.9	3.8	Taipei Exchange
Nanjing Railway New Technology Co.,Ltd.	301016.SZ	525	47.1	48.6	3.1	Shenzhen
Yeal Electric Co.,Ltd	300923.SZ	270	40.9	43.7	1.6	Shenzhen
Zhuzhou CRRC Times Electric Co., Ltd.	3898.HK	5,826	11.5	10.9	1.0	HKSE
CRRC Corporation Limited	1766.HK	26,375	11.2	8.4	0.7	HKSE
China Railway Signal & Communication Corporation Limited	3969.HK	6,832	18.7	14.1	0.7	HKSE
CRCC High-Tech Equipment Corporation Limited	1786.HK	159	12.6	8.9	0.2	HKSE
Canggang Railway Limited	2169.HK	918	51.2	111.5	8.1	HKSE
Taiwan High Speed Rail Corporation	2633.TW	5,507	-2.2	26.2	2.2	Taiwan
Tianjin Keyvia Electric Co.,Ltd	300407.SZ	451	38.2	32.2	1.3	Shenzhen
Zhejiang Tiantie Industry Co., Ltd.	300587.SZ	1,207	-579.2	1,131.2	3.1	Shenzhen
Nippon Signal Co., Ltd.	6741.T	458	4.2	7.7	0.6	Tokyo
China Railway Tielong Container Logistics Co., Ltd	600125.SS	1,038	13.5	20.3	1.0	Shanghai
China Railway High-speed Electrification Equipment Corporation Limited	688285.SS	424	44.8	60.6	1.8	Shanghai
Hainan Haiqi Transportation Group Co.,Ltd.	603069.SS	951	-79.1	-63.7	8.7	Shanghai
China Railway Signal & Communication Corporation Limited	688009.SS	7,058	11.7	15.7	1.2	Shanghai
Qingdao Victall Railway Co., Ltd.	605001.SS	388	10.1	34.8	1.1	Shanghai
Jinxi Axle Company Limited	600495.SS	787	139.3	67.8	1.1	Shanghai
Guangxi Wuzhou Communications Co., Ltd.	600368.SS	949	6.1	10.0	1.0	Shanghai
Zhejiang Tiantai Xianghe Industrial Co.,Ltd.	603500.SS	416	25.1	31.8	3.0	Shanghai
Delixi Xinjiang Transportation Co.,Ltd.	603032.SS	572	-32.0	-30.6	3.9	Shanghai
Daqin Railway Co., Ltd.	601006.SS	18,711	13.3	15.4	0.8	Shanghai
Beijing Tianyishangjia New Material Corp., Ltd.	688033.SS	492	-2.1	-2.4	1.0	Shanghai
Shanghai Shentong Metro Co.,Ltd.	600834.SS	567	43.9	81.0	2.3	Shanghai
Beijing Tieke Shougang Rail Way-Tech Co., Ltd.	688569.SS	601	20.7	24.6	1.6	Shanghai
Nanjing Kangni Mechanical & Electrical Co.,Ltd	603111.SS	766	14.4	15.5	1.4	Shanghai
KTK Group Co., Ltd.	603680.SS	1,327	14.5	21.7	1.7	Shanghai
Jiangsu Bide Science and Technology Co., Ltd.	605298.SS	353	40.2	54.0	2.5	Shanghai
CRRC Corporation Limited	601766.SS	26,548	10.6	13.4	1.1	Shanghai
Guangshen Railway Company Limited	601333.SS	2,647	8.3	21.0	0.7	Shanghai
Beijing-Shanghai High-Speed Railway Co.,Ltd.	601816.SS	39,359	10.3	22.0	1.4	Shanghai
Jiangxi Changyun Co., Ltd.	600561.SS	260	4.9	241.5	2.1	Shanghai
Saudi Public Transport Company	4040.SR	457	2.8	209.8	1.8	Saudi
Hefei Gocom Information Technology Co.,Ltd.	688367.SS	211	56.7	56.0	2.5	Shanghai
Nishi-Nippon Railroad Co., Ltd.	9031.T	1,067	-3.1	7.4	0.6	Tokyo
West Japan Railway Company	9021.T	10,430	0.5	13.2	1.3	Tokyo
Kobe Electric Railway Co., Ltd.	9046.T	127	-7.5	16.0	0.8	Tokyo
Keifuku Electric Railroad Co.,Ltd.	9049.T	94	2.1	7.8	1.1	Tokyo
Niigata Kotsu Co., Ltd.	9017.T	55	-4.8	7.4	0.4	Tokyo
East Japan Railway Company	9020.T	24,110	-0.9	15.4	1.2	Tokyo
Sanyo Electric Railway Co.,Ltd.	9052.T	304	1.2	14.4	0.8	Tokyo
Hiroshima Electric Railway Co.,Ltd.	9033.T	128	-1.2	13.4	0.4	Tokyo
Keisei Electric Railway Co., Ltd.	9009.T	4,509	5.4	9.4	1.3	Tokyo
Kanagawa Chuo Kotsu Co., Ltd.	9081.T	302	-1.4	8.5	0.7	Tokyo
Tobu Railway Co., Ltd.	9001.T	3,415	-1.9	9.2	0.9	Tokyo
Nankai Electric Railway Co., Ltd.	9044.T	1,674	-2.3	10.7	0.8	Tokyo
Central Japan Railway Company	9022.T	21,352	-1.5	6.7	0.7	Tokyo
Japan Oil Transportation Co., Ltd.	9074.T	69	1.2	7.9	0.4	Tokyo
Odakyu Electric Railway Co., Ltd.	9007.T	4,052	0.1	11.2	1.2	Tokyo
Kyushu Railway Company	9142.T	4,037	2.2	13.2	1.3	Tokyo
Alstom SA	ALO.PA	10,286	9.8	-33.8	0.8	Paris
Aurizon Holdings Limited	AZJ.AX	3,473	0.1	13.6	1.3	Australian Securities Exchange
Alstom SA	AOMD.DE	10,662	9.2	-34.1	0.8	Frankfurt Stock Exchange
Construcciones y Auxiliar de Ferrocarriles, S.A.	CAF.MC	1,818	3.2	9.9	1.8	Madrid Stock Exchange
Bangkok Expressway and Metro Public Company Limited	BEM-R.BK	2,299	-1.5	19.1	2.0	Thailand
PT Blue Bird Tbk	BIRD.JK	290	3.7	7.5	0.8	Jakarta Stock Exchange
BVZ Holding AG	BVZN.SW	238	-2.0	8.9	0.8	Swiss Exchange
Compagnie du Cambodge	CBDG.PA	6,953	244.7	1.3	0.0	Paris
Bangkok Expressway and Metro Public Company Limited	BEM.BK	2,289	-1.5	19.1	2.0	Thailand
BTS Group Holdings Public Company Limited	BTS-R.BK	1,798	-8.2	23.3	0.9	Thailand
BTS Group Holdings Public Company Limited	BTS.BK	1,788	-8.2	23.3	0.9	Thailand
ComfortDelGro Corporation Limited	C52.SI	2,422	3.8	15.6	1.2	Stock Exchange of Singapore
Canadian Pacific Railway Limited	CP.TO	73,734	10.3	26.3	2.1	Toronto Stock Exchange
Canadian National Railway Company	CNR.TO	64,135	7.6	19.5	4.1	Toronto Stock Exchange
Canadian National Railway Company	CNI	64,080	7.7	19.5	4.1	New York Stock Exchange
Container Corporation of India Limited	CONCOR.NS	5,361	25.0	35.6	3.7	National Stock Exchange of India
SBF AG	CY1K.F	85	-50.0	-19.8	2.4	Frankfurt Stock Exchange
CSX Corporation	CSX	61,194	6.3	19.0	5.0	NASDAQ Global Select
SBF AG	CY1K.DE	85	-50.0	-19.8	2.4	Frankfurt Stock Exchange
Container Corporation of India Limited	CONCOR.BO	5,344	25.0	35.6	3.7	Bombay Stock Exchange
Kelsian Group Limited	CY4.F	650	0.5	17.1	1.1	Frankfurt Stock Exchange
Canadian Pacific Railway Limited	CP	73,715	6.7	19.2	1.5	New York Stock Exchange
FirstGroup plc	FGP.L	1,786	0.6	17.3	2.4	London Stock Exchange
FNM S.p.A.	FNM.MI	200	-1.1	2.9	0.5	Milan
Engenco Limited	EGN.AX	63	6.5	20.6	1.0	Australian Securities Exchange
L.B. Foster Company	FSTR	223	4.6	6.1	1.3	NASDAQ Global Select
Getlink SE	GET.PA	10,231	5.9	27.8	3.5	Paris
The Greenbrier Companies, Inc.	GBX	1,445	-0.3	7.1	1.0	New York Stock Exchange
GMéxico Transportes, S.A.B. de C.V.	GMXT.MX	7,505	4.0	16.3	2.3	Mexico
Jupiter Wagons Limited	JWL.BO	1,892	29.1	42.5	5.9	Bombay Stock Exchange
Jungfraubahn Holding AG	JFN.SW	1,410	8.2	15.0	1.6	Swiss Exchange
Indian Railway Catering & Tourism Corporation Limited	IRCTC.NS	7,145	34.3	46.8	16.8	National Stock Exchange of India
Indian Railway Catering & Tourism Corporation Limited	IRCTC.BO	7,150	34.3	46.8	16.8	Bombay Stock Exchange
Kelsian Group Limited	KLS.AX	661	0.3	20.5	1.1	Australian Securities Exchange
Jupiter Wagons Limited	JWL.NS	1,891	29.1	42.5	5.9	National Stock Exchange of India
Mobico Group Plc	MCG.L	239	4.0	-0.2	0.9	London Stock Exchange
MRS Logística S.A.	MRSA3B.SA	1,600	0.9	6.3	1.2	São Paulo
MRS Logística S.A.	MRSA6B.SA	1,598	0.9	6.3	1.2	São Paulo
NRC Group ASA	NRC.OL	107	-0.5	-1.1	0.6	Oslo Stock Exchange
Nurminen Logistics Oyj	NLG1V.HE	99	2.4	14.1	2.5	Helsinki
Norfolk Southern Corporation	NFS.DE	64,148	8.8	24.5	4.5	Frankfurt Stock Exchange
Norfolk Southern Corporation	NSC	57,963	6.5	17.5	4.0	New York Stock Exchange
Railcare Group AB (publ)	RAIL.ST	67	1.2	21.6	2.2	Stockholm Stock Exchange
Rumo S.A.	RAIL3.SA	6,017	2.4	-23.2	2.3	São Paulo
FreightCar America, Inc.	RAIL	163	-3.6	-20.0	-2.8	NASDAQ Global Select
Stadler Rail AG	SRAIL.SW	2,394	10.4	50.0	2.6	Swiss Exchange
SBS Transit Ltd	S61.SI	672	5.1	12.6	1.2	Stock Exchange of Singapore
Talgo, S.A.	TLGO.MC	422	-7.8	-3.4	2.1	Madrid Stock Exchange
Titagarh Rail Systems Limited	TITAGARH.NS	1,449	25.5	45.4	5.0	National Stock Exchange of India
Trinity Industries, Inc.	TRN	2,165	3.4	15.9	1.7	New York Stock Exchange
Union Pacific Corporation	UNP.DE	133,862	8.2	20.0	8.4	Frankfurt Stock Exchange
Titagarh Rail Systems Limited	TITAGARH.BO	1,446	25.5	45.4	5.0	Bombay Stock Exchange
Union Pacific Corporation	UNP	135,708	8.3	20.3	8.5	New York Stock Exchange
Grupo Traxión, S.A.B. de C.V.	TRAXIONA.MX	523	-0.5	14.1	0.7	Mexico
Westinghouse Air Brake Technologies Corporation	WAB	35,151	15.8	31.7	3.4	New York Stock Exchange
Vossloh AG	VOS.DE	1,734	13.6	22.2	2.1	Frankfurt Stock Exchange