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	3.6	16.0	1.5
Elektro Redes S.A.	0.7	10.0	4.1
Mediana / Elektro Redes S.A.	5.1	1.6	0.4

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Pozostałe spółki z branży Regulated Electric

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
SPIC Industry-Finance Holdings Co., Ltd.	000958.SZ	5,057	16.4	38.3	1.8	Shenzhen
Jiangxi Ganneng Co., Ltd.	000899.SZ	1,216	-2.1	11.9	1.4	Shenzhen
Pinnacle West Capital Corporation	0KIT.L	10,816	-0.7	18.4	1.6	London Stock Exchange
Henan Yuneng Holdings Co.,Ltd.	001896.SZ	1,018	-9.6	-82.2	2.2	Shenzhen
Shenzhen Nanshan Power Co., Ltd.	000037.SZ	466	31.3	134.8	3.5	Shenzhen
An Hui Wenergy Company Limited	000543.SZ	2,237	-2.3	7.8	1.0	Shenzhen
Guangzhou Hengyun Enterprises Holding Ltd	000531.SZ	886	-0.6	26.8	0.9	Shenzhen
Tianjin Binhai Energy & Development Co.,Ltd	000695.SZ	402	-189.4	-83.8	21.3	Shenzhen
Korea Electric Power Corporation	015760.KS	17,033	-7.1	6.8	0.6	KSE
Zhejiang Fuchunjiang Environmental Thermoelectric Co.,LTD.	002479.SZ	618	4.5	13.6	1.0	Shenzhen
CLP Holdings Limited	0002.HK	21,307	4.5	14.3	1.6	HKSE
GuangDong ShaoNeng Group Co., Ltd.	000601.SZ	744	-1.6	72.0	1.3	Shenzhen
Jilin Electric Power Co.,Ltd.	000875.SZ	2,592	-4.4	16.8	1.1	Shenzhen
Beijing Huayuanyitong Thermal Technology Co., Ltd.	002893.SZ	393	25.0	36.0	2.0	Shenzhen
Wedge Industrial Co.,Ltd.	000534.SZ	1,000	19.0	34.1	4.6	Shenzhen
Jointo Energy Investment Co., Ltd. Hebei	000600.SZ	1,793	-1.8	18.0	1.2	Shenzhen
CHN Energy Changyuan Electric Power Co., Ltd.	000966.SZ	2,230	-3.4	40.5	1.2	Shenzhen
GuiZhou QianYuan Power Co., Ltd.	002039.SZ	963	-0.7	26.1	1.7	Shenzhen
GCL Intelligent Energy Co., Ltd.	002015.SZ	2,834	4.8	34.0	1.6	Shenzhen
JIANGXI BESTOO ENE	001376.SZ	487	10.9	28.9	4.9	Shenzhen
Huadian Power International Corporation Limited	1071.HK	8,101	-4.0	7.2	0.6	HKSE
CK Infrastructure Holdings Limited	1038.HK	16,740	73.7	16.5	1.0	HKSE
Korea Electric Power Industrial Development Co., Ltd	130660.KS	322	24.1	43.1	4.3	KSE
HK Electric Investments and HK Electric Investments Limited	2638.HK	6,529	-0.0	16.3	1.0	HKSE
China Power International Development Limited	2380.HK	4,822	-6.1	13.0	0.9	HKSE
Chongqing Fuling Electric Power Industrial Co., Ltd.	600452.SS	1,986	16.8	27.7	2.5	Shanghai
Guangzhou Development Group Incorporated	600098.SS	3,127	-0.3	13.2	0.9	Shanghai
Mega First Corporation Berhad	3069.KL	843	4.2	7.7	1.1	Kuala Lumpur
Saudi Electricity Company	5110.SR	16,655	-3.0	12.9	0.2	Saudi
Huadian Power International Corporation Limited	600027.SS	7,464	-8.9	9.9	0.9	Shanghai
Luenmei Quantum Co.,Ltd	600167.SS	1,776	15.3	17.7	1.1	Shanghai
Guangxi Guiguan Electric PowerCo.,Ltd.	600236.SS	6,986	5.4	20.4	2.5	Shanghai
Tenaga Nasional Berhad	5347.KL	20,139	1.3	17.6	1.4	Kuala Lumpur
DaTang HuaYin Electric Power Co., LTD	600744.SS	1,429	-19.8	-186.9	5.1	Shanghai
Sichuan Xichang Electric Power Co.,Ltd.	600505.SS	736	14.3	228.9	4.1	Shanghai
Ta-Yuan Cogeneration Company Ltd.	8931.TWO	226	6.4	20.0	3.0	Taipei Exchange
Yunnan Wenshan Electric Power Co.,Ltd.	600995.SS	4,448	4.4	25.2	1.4	Shanghai
Harbin Hatou Investment Co.,Ltd	600864.SS	1,713	9.3	36.8	0.9	Shanghai
Sichuan Guangan Aaapublic Co.,Ltd	600979.SS	881	7.9	27.5	1.4	Shanghai
LIAONING ENERGY INDUSTRY Co.,LTD	600758.SS	716	5.5	23.3	0.9	Shanghai
Top Energy Company Ltd.Shanxi	600780.SS	971	10.2	12.4	0.9	Shanghai
Ningbo Energy Group Co.,Ltd.	600982.SS	711	-1.4	17.0	1.0	Shanghai
Spic Yuanda Environmental-Protection Co., Ltd.	600292.SS	1,310	54.8	217.3	1.9	Shanghai
Leshan Electric Power Co.,Ltd	600644.SS	1,155	62.6	288.5	3.8	Shanghai
American Electric Power Company, Inc.	AEP	55,249	1.2	19.9	2.0	NASDAQ Global Select
Ameren Corporation	AEE	26,381	7.4	21.5	2.1	New York Stock Exchange
Algonquin Power & Utilities Cor	AQNB	18,799	14.3	-13.5	4.0	New York Stock Exchange
Avangrid, Inc.	AGR	13,937	-0.3	12.4	0.7	New York Stock Exchange
Bajel Projects Limited	BAJEL.NS	328	34.2	173.5	4.0	National Stock Exchange of India
Bajel Projects Limited	BAJEL.BO	332	34.2	173.5	4.0	Bombay Stock Exchange
CMS Energy Corporation 5.6% JRSUB NT 78	CMSA	21,046	3.7	6.2	0.5	New York Stock Exchange
Consumers Energy Company	CMS-PB	6,392	1.2	20.4	2.5	New York Stock Exchange
Ampla Energia e Serviços S.A.	CBEE3.SA	661	-0.6	5.2	0.4	São Paulo
CMS Energy Corporation 5.875% J	CMSD	21,026	1.2	20.4	2.5	New York Stock Exchange
Companhia Energética de Brasília - CEB	CEBR6.SA	275	9.0	8.5	1.4	São Paulo
CESC Limited	CESC.BO	2,757	2.1	16.3	1.9	Bombay Stock Exchange
Companhia Energética de Brasília - CEB	CEBR3.SA	274	8.9	7.6	1.2	São Paulo
Companhia Energética de Brasília - CEB	CEBR5.SA	267	9.0	8.0	1.3	São Paulo
CenterPoint Energy, Inc.	CNP	23,364	0.8	24.6	2.2	New York Stock Exchange
CMS Energy Corporation	CMS-PC	5,205	1.2	20.4	2.5	New York Stock Exchange
Colbún S.A.	COLBUN.SN	2,805	1.7	10.3	0.9	Santiago
CPFL Energia S.A.	CPFE3.SA	8,560	1.4	8.5	2.2	São Paulo
Central Puerto S.A.	CEPU	1,773	4.8	51.4	1.2	New York Stock Exchange
Central Puerto S.A.	CEPU.BA	1,799	6.1	52.3	1.2	Buenos Aires
CMS Energy Corporation 5.875% J	CMSC	20,634	1.2	20.4	2.5	New York Stock Exchange
CMS Energy Corporation	CMS	20,852	1.2	20.4	2.5	New York Stock Exchange
Companhia Energética do Ceará - Coelce	COCE5.SA	449	-2.2	5.4	0.4	São Paulo
Centrais Elétricas de Santa Catarina S.A.	CLSC4.SA	700	0.5	5.6	1.1	São Paulo
Energa SA	ENG.WA	1,392	-3.7	19.2	0.4	Warsaw Stock Exchange
Enea S.A.	ENA.WA	2,986	1.4	6.8	0.6	Warsaw Stock Exchange
Dala Energi AB (publ)	DE.ST	310	1.7	1.1	0.8	Stockholm Stock Exchange
Elia Group SA/NV	ELI.BR	12,623	-1.5	16.5	1.3	Brussels
Enerjisa Enerji A.S.	ENJSA.IS	1,860	0.4	-27.8	0.8	Istanbul Stock Exchange
Endesa, S.A.	ELE.MC	33,486	3.8	15.5	3.6	Madrid Stock Exchange
DTE Energy Company 2021 Series	DTG	28,419	6.3	2.3	0.3	New York Stock Exchange
DTE Energy Company 2020 Series	DTB	27,096	6.4	2.3	0.3	New York Stock Exchange
Entergy Louisiana, LLC COLLATERAL TR MT	ELC	35,649	1.2	26.6	2.4	New York Stock Exchange
Centrais Elétricas Brasileiras S.A. - Eletrobrás	ELET3.SA	17,315	2.1	8.7	0.7	São Paulo
Caribbean Utilities Company, Ltd.	CUP-U.TO	565	2.1	13.1	1.5	Toronto Stock Exchange
Eversource Energy	ES	23,698	-1.3	27.9	1.1	New York Stock Exchange
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima	EDN.BA	1,199	1.7	6.1	0.9	Buenos Aires
Consolidated Edison, Inc.	ED	35,983	1.8	18.5	1.5	New York Stock Exchange
Dominion Energy, Inc.	D	48,980	0.5	22.8	1.7	New York Stock Exchange
Enel Américas S.A.	ENELAM.SN	10,459	2.1	4.1	0.7	Santiago
Entergy Mississippi, Inc. 1M BD 66	EMP	178	1.2	26.6	2.4	New York Stock Exchange
Equatorial Energia S.A.	EQTL3.SA	8,164	-0.7	19.6	2.1	São Paulo
Elektro Redes S.A.	EKTR4.SA	1,507	0.6	9.9	4.0	São Paulo
Engie Brasil Energia S.A.	EGIE3.SA	7,004	2.0	10.6	2.9	São Paulo
Centrais Elétricas Brasileiras S.A. - Eletrobrás	EBR	16,791	2.1	9.4	0.7	New York Stock Exchange
Emera Incorporated	EMA.TO	13,515	-0.5	19.4	1.3	Toronto Stock Exchange
Centrais Elétricas Brasileiras S.A. - Eletrobrás	ELET6.SA	17,214	2.1	8.7	0.7	São Paulo
Duke Energy Corporation 5.625%	DUKB	89,822	0.3	19.1	1.8	New York Stock Exchange
Exelon Corporation	EXC	43,319	-0.4	16.0	1.6	NASDAQ Global Select
Entergy Utility Group, Inc. 1ST MTG BD 66	ENO	186	0.0	6.4	21.7	New York Stock Exchange
Entergy Utility Group, Inc. 1ST MTG 5% 52	ENJ	171	0.0	6.6	20.4	New York Stock Exchange
Duke Energy Corporation	DUK	91,040	0.3	19.1	1.8	New York Stock Exchange
Equatorial Pará Distribuidora de Energia S.A.	EQPA3.SA	2,288	2.0	6.4	2.5	São Paulo
Centrais Elétricas Brasileiras S.A. - Eletrobrás	EBR-B	16,715	2.0	10.2	0.8	New York Stock Exchange
Emera Incorporated	EMA-PH.TO	9,901	-0.5	19.4	1.3	Toronto Stock Exchange
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima	EDN	663	0.7	6.0	0.8	New York Stock Exchange
DTE Energy Company	DTE	27,120	1.0	18.0	2.3	New York Stock Exchange
Evergy, Inc.	EVRG	15,892	0.5	18.1	1.6	NASDAQ Global Select
Edison International	EIX	20,200	-2.2	6.7	1.2	New York Stock Exchange
Entergy Corporation	ETR	35,061	1.2	26.6	2.4	New York Stock Exchange
Enel Chile S.A.	ENELCHILE.SN	5,124	11.2	-1,448.8	915.0	Santiago
Duke Energy Corporation	DUK-PA	92,485	0.3	19.1	1.8	New York Stock Exchange
DTE Energy Company JR SUB DB 2017 E	DTW	27,903	6.1	2.9	0.4	New York Stock Exchange
Enel Chile S.A.	ENIC	5,063	11.6	-1,427.0	901.3	New York Stock Exchange
Entergy Texas, Inc.	ETI-P	1,067	nan	nan	nan	New York Stock Exchange
Emera Incorporated	EMA-PC.TO	12,779	-0.5	19.4	1.3	Toronto Stock Exchange
India Power Corporation Limited	DPSCLTD.NS	150	16.4	183.1	1.5	National Stock Exchange of India
Engie Energia Chile S.A.	ECL.SN	1,428	-1.2	5.4	0.9	Santiago
Entergy Arkansas, Inc. 1M BD 4.875%66	EAI	964	0.2	0.8	2.6	New York Stock Exchange
Public joint stock company FAR-EASTERN ENERGY COMPANY	DVEC.ME	466	3.6	14.2	1.7	Moscow Stock Exchange
Equatorial Maranhão Distribuidora de Energia S.A.	EQMA3B.SA	821	0.2	6.5	1.2	São Paulo
Gujarat Industries Power Company Limited	GIPCL.BO	393	3.2	14.3	0.9	Bombay Stock Exchange
Global Power Synergy Public Company Limited	GPSC.BK	2,638	-1.1	19.7	0.8	Thailand
Fortis Inc.	FTS.TO	23,604	-0.2	18.9	1.3	Toronto Stock Exchange
Global Power Synergy Public Company Limited	GPSC-R.BK	2,638	-1.1	19.7	0.8	Thailand
Georgia Power Company 5% JR SUB NT 77	GPJA	195	-9.7	0.1	0.0	New York Stock Exchange
Fortis Inc.	FTS	23,600	-0.2	18.9	1.3	New York Stock Exchange
Gujarat Industries Power Company Limited	GIPCL.NS	392	3.2	14.3	0.9	National Stock Exchange of India
Rio Paranapanema Energia S.A.	GEPA3.SA	652	3.2	7.4	2.0	São Paulo
Genie Energy Ltd.	GNE	661	42.9	47.6	0.0	New York Stock Exchange
Rio Paranapanema Energia S.A.	GEPA4.SA	597	17.3	0.0	2.1	São Paulo
FirstEnergy Corp.	FE	22,979	-0.3	21.5	1.9	New York Stock Exchange
Public Joint-Stock Company Federal Grid Company of Unified Energy System	FEES.ME	1,064	7.0	32.1	2.7	Moscow Stock Exchange
Jersey Electricity plc	JEL.L	192	5.3	12.1	0.6	London Stock Exchange
Hydro One Limited	H.TO	21,704	3.9	24.0	2.4	Toronto Stock Exchange
IDACORP, Inc.	IDA	6,214	4.4	20.7	1.9	New York Stock Exchange
Public Joint Stock Company Inter RAO UES	IRAO.ME	3,006	2.9	1.5	0.2	Moscow Stock Exchange
Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.	KGN.WA	235	0.9	4.2	0.4	Warsaw Stock Exchange
Lipetsk Power Sale Company Open Joint-Stock Company	LPSB.ME	114	0.0	0.0	0.0	Moscow Stock Exchange
Korea Electric Power Corporation	KEP	16,929	0.1	4.2	0.5	New York Stock Exchange
Public Joint stock company Rosseti Lenenergo	LSNG.ME	1,455	2.4	5.6	0.6	Moscow Stock Exchange
Alliant Energy Corporation	LNT	15,605	2.8	21.1	2.2	NASDAQ Global Select
Public Joint stock company Rosseti Lenenergo	LSNGP.ME	1,718	2.4	5.6	0.6	Moscow Stock Exchange
Public Joint Stock Company Kamchatskenergo	KCHE.ME	302	3.6	12.0	1.3	Moscow Stock Exchange
Public Joint Stock Company "TNS energo Kuban"	KBSB.ME	119	2.9	3.2	2.0	Moscow Stock Exchange
Rosseti Kuban PJSC	KUBE.ME	288	0.9	2.7	0.4	Moscow Stock Exchange
Public Joint Stock Company Kurgan Generation Company	KGKC.ME	65	1.7	6.1	0.6	Moscow Stock Exchange
Northern Electric PLC	NTEA.L	210	-2.7	1.1	0.1	London Stock Exchange
Odas Elektrik Üretim Sanayi Ticaret A.S.	ODAS.IS	185	-21.2	-2.4	0.5	Istanbul Stock Exchange
National Grid plc	NG.L	69,630	0.7	18.1	1.4	London Stock Exchange
National Grid plc	NNGF.DE	70,577	0.9	23.1	1.5	Frankfurt Stock Exchange
NLC India Limited	NLCINDIA.BO	3,710	1.8	12.5	1.7	Bombay Stock Exchange
OGE Energy Corp.	OGE	8,896	2.3	18.5	1.9	New York Stock Exchange
NTPC Limited	NTPC.BO	37,996	1.5	13.7	1.7	Bombay Stock Exchange
Public Joint Stock Company "ROSSETI Northern Caucasus"	MRKK.ME	395	-3.0	-5.0	-38.1	Moscow Stock Exchange
NZ Windfarms Limited	NWF.NZ	54	6.6	15.1	1.8	NZSE
Public Joint-Stock Company TNS energo Nizhny Novgorod	NNSB.ME	161	-2.0	-2.2	-2.2	Moscow Stock Exchange
Public Joint-Stock Company Interregional Distribution Grid Company of the North-West	MRKZ.ME	105	0.4	4.9	0.5	Moscow Stock Exchange
Neoenergia S.A.	NEOE3.SA	5,594	-1.2	8.6	0.9	São Paulo
NextEra Energy, Inc.	NEE-PR	85,927	5.9	26.7	2.9	New York Stock Exchange
NLC India Limited	NLCINDIA.NS	3,712	1.8	12.5	1.7	National Stock Exchange of India
National Grid plc	NGG	69,172	0.9	18.2	1.4	New York Stock Exchange
Public Joint Stock Company Rosseti Volga	MRKV.ME	230	1.0	4.9	0.4	Moscow Stock Exchange
NextEra Energy, Inc.	NEE	150,198	5.9	26.7	2.9	New York Stock Exchange
Public Joint Stock Company Interregional Distribution Grid Company of Siberia	MRKS.ME	629	0.4	-100.1	2.6	Moscow Stock Exchange
Public Joint Stock Company Rosseti South	MRKY.ME	133	-1.7	1.7	1.2	Moscow Stock Exchange
PGE Polska Grupa Energetyczna S.A.	PGE.WA	7,076	3.1	-7.7	0.5	Warsaw Stock Exchange
Pinnacle West Capital Corporation	PNW	10,764	-0.7	18.4	1.6	New York Stock Exchange
Power Grid Corporation of India Limited	POWERGRID.NS	32,062	3.6	17.3	2.9	National Stock Exchange of India
Ratch Group Public Company Limited	RATCH.BK	1,682	-2.8	8.7	0.5	Thailand
PPL Corporation	PPL	24,784	2.5	25.4	1.8	New York Stock Exchange
Oklo Inc.	OKLO	7,523	-142.4	-141.1	31.1	New York Stock Exchange
Power Grid Corporation of India Limited	POWERGRID.BO	32,062	3.6	17.3	2.9	Bombay Stock Exchange
PG&E Corporation	PCG	30,614	-3.0	12.9	0.9	New York Stock Exchange
Portland General Electric Company	POR	4,458	-0.6	14.5	1.1	New York Stock Exchange
Exelon Corporation	PEO.DE	48,850	0.2	19.7	1.8	Frankfurt Stock Exchange
Public Service Enterprise Group Incorporated	PEG	40,539	4.6	22.6	2.5	New York Stock Exchange
Ratch Group Public Company Limited	RATCH-R.BK	1,699	-2.8	8.7	0.5	Thailand
Redeia Corporación, S.A.	RED.MC	11,659	3.9	27.1	1.9	Madrid Stock Exchange
Redeia Corporación, S.A.	REE.VI	11,640	3.9	27.3	2.0	Vienna
Sahacogen (Chonburi) Public Company Limited	SCG.BK	75	-4.7	-9.5	0.7	Thailand
Public Joint-Stock Energy and Electrification Company Samaraenergo	SAGO.ME	110	-109.5	4.5	0.9	Moscow Stock Exchange
SG MART LIMITED	SGMART.BO	473	21.4	41.0	3.7	Bombay Stock Exchange
Rede Energia Participações S.A.	REDE3.SA	2,591	-0.4	10.4	3.3	São Paulo
Reliance Infrastructure Limited	RELINFRA.NS	1,835	3.6	4.1	1.4	National Stock Exchange of India
Joint-Stock Company Ryazanenergosbyt	RZSB.ME	75	5.9	12.4	5.8	Moscow Stock Exchange
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.	TRAN.BA	760	8.1	15.6	1.6	Buenos Aires
Southern Company (The) Series 2	SOJE	101,766	2.4	21.7	3.0	New York Stock Exchange
The Southern Company JR 2017B NT 77	SOJC	100,539	2.4	21.7	3.0	New York Stock Exchange
Transmissora Aliança de Energia Elétrica S.A.	TAEE3.SA	2,164	0.7	7.0	1.6	São Paulo
Southern Company (The) Series 2	SOJD	102,249	2.4	21.7	3.0	New York Stock Exchange
The Southern Company	SO	100,042	2.4	21.7	3.0	New York Stock Exchange
Transmissora Aliança de Energia Elétrica S.A.	TAEE11.SA	2,193	0.7	7.0	1.6	São Paulo
SEMPRA ENERGY	SREA	49,333	2.3	16.7	1.6	New York Stock Exchange
Public Joint Stock Company Territorial Generating Company No. 1	TGKA.ME	313	0.0	0.0	0.0	Moscow Stock Exchange
Public Joint Stock Company Territorial Generation Company No. 14	TGKN.ME	112	0.7	5.7	1.0	Moscow Stock Exchange
Transmissora Aliança de Energia Elétrica S.A.	TAEE4.SA	2,181	0.7	7.0	1.6	São Paulo
Terna - Rete Elettrica Nazionale Società per Azioni	TRN.MI	20,468	2.2	16.3	2.3	Milan
Public joint stock company Yakutskenergo	YKEN.ME	61	-2.7	0.5	-5.3	Moscow Stock Exchange
TXNM Energy, Inc.	TXNM	5,216	-0.6	25.7	2.1	New York Stock Exchange
WEC Energy Group, Inc.	WEC	33,148	3.3	20.6	2.6	New York Stock Exchange
Via Renewables, Inc.	VIASP	95	1.7	1.3	1.2	NASDAQ Global Select
Xcel Energy Inc.	XEL	38,966	1.5	20.3	2.0	NASDAQ Global Select
0	CKI.L	17,071	674.3	164.5	1.0	London Stock Exchange
Rezil Inc.	176A.T	262	38.7	55.3	4.9	Tokyo
Public Joint Stock Company TNS Energo Yaroslavl	YRSB.ME	143	-6.1	431.9	13.4	Moscow Stock Exchange