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 |
5.3
|
18.2
|
1.3
|
Covenant Logistics Group, Inc. |
2.3
|
15.7
|
1.4
|
Mediana / Covenant Logistics Group, Inc. |
2.3
|
1.2
|
0.9
|
Pozostałe spółki z branży Trucking
Nazwa firmy |
Symbol |
Kapitalizacja (mln $) |
EV/EBITDA |
P/E |
P/B |
Giełda |
Kerry TJ Logistics Company Limited |
2608.TW |
539 |
3.0 |
15.1 |
1.3 |
Taiwan |
Beijing Changjiu Logistics Co.,Ltd |
603569.SS |
653 |
18.8 |
45.0 |
1.0 |
Shanghai |
Shanghai Foreign Service Holding Group CO.,Ltd. |
600662.SS |
1,586 |
13.2 |
10.3 |
2.2 |
Shanghai |
DEPPON LOGISTICS Co.,LTD. |
603056.SS |
2,346 |
11.0 |
22.4 |
1.9 |
Shanghai |
GuangDong GenSho Logistics Co.,LTD |
603813.SS |
194 |
-34.8 |
-23.6 |
2.4 |
Shanghai |
Shanghai Jin Jiang Online Network Service Co., Ltd. |
600650.SS |
1,036 |
37.4 |
52.6 |
2.1 |
Shanghai |
Chung Lien Co., Ltd |
5604.TWO |
139 |
34.3 |
15.0 |
1.8 |
Taipei Exchange |
Dazhong Transportation (Group) Co., Ltd. |
600611.SS |
1,468 |
10.7 |
93.3 |
1.5 |
Shanghai |
Hengtong Logistics Co., Ltd. |
603223.SS |
946 |
35.1 |
41.5 |
1.8 |
Shanghai |
Enshu Truck Co.,Ltd. |
9057.T |
152 |
4.4 |
9.2 |
0.9 |
Tokyo |
Kanda Holdings Co.,Ltd. |
9059.T |
113 |
5.1 |
7.4 |
0.6 |
Tokyo |
Fukuyama Transporting Co., Ltd. |
9075.T |
919 |
2.0 |
15.1 |
0.5 |
Tokyo |
Maruwn Corporation |
9067.T |
80 |
4.1 |
10.4 |
0.5 |
Tokyo |
ANE (Cayman) Inc. |
9956.HK |
1,153 |
6.1 |
11.0 |
2.5 |
HKSE |
Sakai Moving Service Co.,Ltd. |
9039.T |
748 |
9.3 |
12.3 |
1.1 |
Tokyo |
Seino Holdings Co., Ltd. |
9076.T |
2,301 |
5.1 |
20.3 |
1.0 |
Tokyo |
Yamato Holdings Co., Ltd. |
9064.T |
4,373 |
7.2 |
16.7 |
1.1 |
Tokyo |
ArcBest Corporation |
ARCB |
1,701 |
4.2 |
9.6 |
1.3 |
NASDAQ Global Select |
BEST Inc. |
BEST |
56 |
8.0 |
-0.0 |
-0.1 |
New York Stock Exchange |
Covenant Logistics Group, Inc. |
CVLG |
637 |
2.5 |
16.4 |
1.4 |
NASDAQ Global Select |
Public Joint Stock Company Globaltruck Management |
GTRK.ME |
158 |
3.8 |
21.7 |
1.8 |
Moscow Stock Exchange |
Heartland Express, Inc. |
HTLD |
693 |
3.3 |
-24.3 |
0.9 |
NASDAQ Global Select |
Knight-Swift Transportation Holdings Inc. |
KNX |
7,198 |
4.2 |
47.6 |
1.0 |
New York Stock Exchange |
Lindsay Australia Limited |
LAU.AX |
143 |
0.1 |
9.2 |
1.4 |
Australian Securities Exchange |
PT Mandiri Herindo Adiperkasa Tbk |
MAHA.JK |
154 |
6.2 |
10.7 |
1.4 |
Jakarta Stock Exchange |
Marten Transport, Ltd. |
MRTN |
1,072 |
8.2 |
49.6 |
1.4 |
NASDAQ Global Select |
Mullen Group Ltd. |
MTL.TO |
902 |
1.1 |
11.5 |
1.2 |
Toronto Stock Exchange |
Old Dominion Freight Line, Inc. |
ODFL |
34,345 |
18.5 |
30.0 |
8.1 |
NASDAQ Global Select |
RXO, Inc. |
RXO |
2,632 |
53.6 |
-8.8 |
1.7 |
New York Stock Exchange |
P.A.M. Transportation Services, Inc. |
PTSI |
430 |
-19.0 |
-50.9 |
1.6 |
NASDAQ Global Market |
Schneider National, Inc. |
SNDR |
4,266 |
6.2 |
34.1 |
1.4 |
New York Stock Exchange |
Shree Vasu Logistics Limited |
SVLL.NS |
96 |
24.5 |
384.2 |
24.5 |
National Stock Exchange of India |
Saia, Inc. |
SAIA |
7,304 |
10.6 |
22.9 |
3.1 |
NASDAQ Global Select |
TFI International Inc. |
TFII.TO |
7,595 |
3.3 |
19.7 |
2.9 |
Toronto Stock Exchange |
Tegma Gestão Logística S.A. |
TGMA3.SA |
416 |
5.4 |
8.2 |
2.4 |
São Paulo |
Universal Logistics Holdings, Inc. |
ULH |
664 |
-0.5 |
8.0 |
1.0 |
NASDAQ Global Select |
TFI International Inc. |
TFII |
7,589 |
3.6 |
19.7 |
2.9 |
New York Stock Exchange |
MingZhu Logistics Holdings Limited |
YGMZ |
90 |
-7.6 |
-0.4 |
0.1 |
NASDAQ Capital Market |
VRL Logistics Limited |
VRLLOG.NS |
576 |
8.1 |
27.0 |
4.6 |
National Stock Exchange of India |
Werner Enterprises, Inc. |
WERN |
1,699 |
3.2 |
95.7 |
1.2 |
NASDAQ Global Select |
VRL Logistics Limited |
VRLLOG.BO |
576 |
8.1 |
27.0 |
4.6 |
Bombay Stock Exchange |