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 |
-
|
-
|
-
|
| Gi Group Poland S.A. |
-
|
-
|
-
|
| Mediana / Gi Group Poland S.A. |
-
|
-
|
-
|
Pozostałe spółki z branży Staffing & Employment Services
| Nazwa firmy |
Symbol |
Kapitalizacja (mln $) |
EV/EBITDA |
P/E |
P/B |
Giełda |
| SThree plc |
STEM.L |
349 |
4.1 |
5.5 |
1.1 |
London Stock Exchange |
| Adecco Group AG |
ADEN.SW |
5,399 |
1.9 |
15.9 |
1.3 |
Swiss Exchange |
| Upwork Inc. |
UPWK |
1,821 |
14.3 |
7.4 |
3.0 |
NASDAQ Global Select |
| Careerlink Co., Ltd. |
6070.T |
183 |
13.0 |
15.6 |
1.9 |
Tokyo |
| HireQuest, Inc. |
HQI |
135 |
23.5 |
55.2 |
2.0 |
NASDAQ Capital Market |
| TeamLease Services Limited |
TEAMLEASE.BO |
327 |
16.2 |
25.0 |
3.2 |
Bombay Stock Exchange |
| Kforce Inc. |
KFRC |
597 |
9.1 |
13.1 |
4.3 |
NASDAQ Global Select |
| Barrett Business Services, Inc. |
BBSI |
1,185 |
15.9 |
21.9 |
5.2 |
NASDAQ Global Select |
| Recruit Holdings Co., Ltd. |
6098.T |
86,108 |
20.6 |
32.4 |
8.2 |
Tokyo |
| TrueBlue, Inc. |
TBI |
175 |
-6.6 |
-5.1 |
0.6 |
New York Stock Exchange |
| TeamLease Services Limited |
TEAMLEASE.NS |
328 |
16.2 |
25.0 |
3.2 |
National Stock Exchange of India |
| Mastech Digital, Inc. |
MHH |
89 |
43.9 |
104.5 |
1.0 |
American Stock Exchange |
| Kelly Services, Inc. |
KELYA |
484 |
10.0 |
-79.7 |
0.4 |
NASDAQ Global Select |
| Korn Ferry |
KFY |
3,761 |
9.8 |
15.2 |
2.0 |
New York Stock Exchange |
| HITO-Communications Holdings,Inc. |
4433.T |
140 |
9.5 |
-979.6 |
1.2 |
Tokyo |
| Heidrick & Struggles International, Inc. |
HSII |
987 |
11.5 |
28.8 |
2.0 |
NASDAQ Global Select |
| Insperity, Inc. |
NSP |
1,907 |
18.9 |
49.8 |
17.8 |
New York Stock Exchange |
| Robert Half International Inc. |
RHI |
3,684 |
14.6 |
20.5 |
2.8 |
New York Stock Exchange |
| TRYT Inc. |
9164.T |
597 |
7.8 |
31.6 |
3.4 |
Tokyo |
| Quess Corp Limited |
QUESS.NS |
453 |
7.9 |
30.9 |
3.6 |
National Stock Exchange of India |
| Paychex, Inc. |
PAYX |
49,537 |
18.6 |
30.1 |
12.1 |
NASDAQ Global Select |
| Persol Holdings Co., Ltd. |
2181.T |
4,099 |
6.7 |
16.9 |
3.2 |
Tokyo |
| WDB Holdings Co., Ltd. |
2475.T |
236 |
10.4 |
11.4 |
1.1 |
Tokyo |
| Brunel International N.V. |
BRNL.AS |
493 |
5.9 |
14.1 |
1.3 |
Amsterdam |
| SEEK Limited |
SEK.AX |
5,820 |
18.7 |
62.6 |
3.2 |
Australian Securities Exchange |
| Altech Corporation |
4641.T |
407 |
12.5 |
15.9 |
3.4 |
Tokyo |
| Pasona Group Inc. |
2168.T |
560 |
1.8 |
0.9 |
0.6 |
Tokyo |
| ONE CAREER Inc. |
4377.T |
311 |
33.9 |
46.3 |
11.3 |
Tokyo |
| ZipRecruiter, Inc. |
ZIP |
418 |
1,351.5 |
-11.0 |
-6.0 |
New York Stock Exchange |
| TechnoPro Holdings, Inc. |
6028.T |
3,422 |
17.9 |
28.8 |
6.3 |
Tokyo |
| UT Group Co., Ltd. |
2146.T |
699 |
7.9 |
12.1 |
3.1 |
Tokyo |
| BGSF, Inc. |
BGSF |
64 |
28.8 |
-25.2 |
0.8 |
New York Stock Exchange |
| Zalaris ASA |
ZAL.OL |
162 |
5.6 |
27.7 |
6.0 |
Oslo Stock Exchange |
| Hays plc |
HAS.L |
1,359 |
16.7 |
-70.5 |
2.1 |
London Stock Exchange |
| Amadeus FiRe AG |
AAD.DE |
383 |
3.6 |
13.1 |
2.1 |
Frankfurt Stock Exchange |
| CrowdWorks Inc. |
3900.T |
118 |
10.6 |
22.8 |
2.3 |
Tokyo |
| DIP Corporation |
2379.T |
879 |
8.7 |
14.1 |
3.5 |
Tokyo |
| Beijing Career International Co., Ltd. |
300662.SZ |
859 |
17.7 |
28.2 |
3.1 |
Shenzhen |
| Robert Walters plc |
RWA.L |
122 |
5.0 |
-14.7 |
0.6 |
London Stock Exchange |
| PageGroup plc |
PAGE.L |
1,106 |
6.7 |
29.1 |
3.2 |
London Stock Exchange |
| Groupe CRIT SA |
CEN.PA |
891 |
-0.6 |
9.7 |
1.0 |
Paris |
| Almawarid Manpower Company |
1833.SR |
512 |
14.1 |
19.4 |
4.7 |
Saudi |
| 104 Corporation |
3130.TW |
255 |
11.9 |
15.6 |
4.2 |
Taiwan |
| TriNet Group, Inc. |
TNET |
3,180 |
11.1 |
21.8 |
29.3 |
New York Stock Exchange |
| Staffline Group plc |
STAF.L |
73 |
3.7 |
-7.4 |
1.5 |
London Stock Exchange |
| NISSO HOLDINGS Co., Ltd |
9332.T |
151 |
7.9 |
11.3 |
1.3 |
Tokyo |
| Gi Group Poland S.A. |
GIG.WA |
107 |
20.7 |
-8,287.9 |
5.0 |
Warsaw Stock Exchange |
| Morefield Group N.V. |
MORE.AS |
51 |
0.8 |
18.7 |
2.3 |
Amsterdam |
| BeNext-Yumeshin Group Co. |
2154.T |
1,110 |
9.5 |
13.2 |
2.2 |
Tokyo |
| HIRAYAMA HOLDINGS Co.,Ltd. |
7781.T |
59 |
9.1 |
9.5 |
1.7 |
Tokyo |
| Kanzhun Limited |
BZ |
4,677 |
23.1 |
18.0 |
2.1 |
NASDAQ Global Select |
| ManpowerGroup Inc. |
MAN |
1,902 |
2.0 |
-118.5 |
1.0 |
New York Stock Exchange |
| Freelance.com SA |
ALFRE.PA |
157 |
-0.2 |
6.9 |
0.7 |
Paris |
| Randstad N.V. |
RAND.AS |
8,396 |
7.2 |
86.1 |
1.9 |
Amsterdam |
| Tongdao Liepin Group |
6100.HK |
252 |
35.7 |
13.4 |
0.6 |
HKSE |
| World Holdings Co., Ltd. |
2429.T |
302 |
-0.0 |
7.1 |
1.0 |
Tokyo |
| DHI Group, Inc. |
DHX |
115 |
64.2 |
-10.6 |
1.0 |
New York Stock Exchange |
| Saudi Manpower Solutions Co. |
1834.SR |
622 |
1.2 |
18.1 |
4.0 |
Saudi |
| Jinhai International Group Holdings Limited |
2225.HK |
602 |
-44.6 |
-42.0 |
23.7 |
HKSE |
| Automatic Data Processing, Inc. |
ADP |
121,962 |
18.5 |
30.0 |
19.8 |
NASDAQ Global Select |
| Interworks Confidence Inc. |
7374.T |
67 |
9.2 |
9.7 |
1.7 |
Tokyo |
| Adecco Group AG |
0QNM.L |
5,402 |
1.9 |
15.9 |
1.3 |
London Stock Exchange |
| S-Pool, Inc. |
2471.T |
171 |
0.5 |
13.1 |
2.9 |
Tokyo |
| HiTech Group Australia Limited |
HIT.AX |
53 |
9.6 |
11.8 |
7.5 |
Australian Securities Exchange |
| en-japan inc. |
4849.T |
486 |
11.5 |
9.4 |
1.9 |
Tokyo |
| International Human Resources Company |
9545.SR |
80 |
12.4 |
34.8 |
6.4 |
Saudi |
| CELM,Inc. |
7367.T |
52 |
6.0 |
13.7 |
2.7 |
Tokyo |
| HRnetGroup Limited |
CHZ.SI |
546 |
20.8 |
15.8 |
1.9 |
Stock Exchange of Singapore |
| McMillan Shakespeare Limited |
MMS.AX |
826 |
3.4 |
14.0 |
11.1 |
Australian Securities Exchange |
| Paychex, Inc. |
PCX.DE |
59,333 |
24.8 |
34.7 |
15.2 |
Frankfurt Stock Exchange |
| Forum Engineering Inc. |
7088.T |
451 |
16.7 |
23.1 |
5.2 |
Tokyo |
| Meitec Corporation |
9744.T |
1,713 |
16.5 |
19.9 |
5.2 |
Tokyo |
| Ework Group AB (publ) |
EWRK.ST |
194 |
7.5 |
15.7 |
8.1 |
Stockholm Stock Exchange |
| Maharah for Human Resources Company |
1831.SR |
569 |
8.8 |
22.3 |
3.7 |
Saudi |
| Will Group, Inc. |
6089.T |
153 |
5.1 |
19.4 |
1.3 |
Tokyo |
| Gakujo Co., Ltd. |
2301.T |
173 |
9.9 |
13.0 |
1.9 |
Tokyo |
| Fullcast Holdings Co., Ltd. |
4848.T |
412 |
9.2 |
13.0 |
2.1 |
Tokyo |
| Grupa Pracuj S.A. |
GPP.WA |
1,270 |
13.4 |
21.7 |
9.5 |
Warsaw Stock Exchange |
| Wantedly, Inc. |
3991.T |
85 |
10.2 |
10.8 |
2.9 |
Tokyo |
| Atrae, Inc. |
6194.T |
131 |
13.1 |
23.4 |
3.8 |
Tokyo |
| Artner Co.,Ltd. |
2163.T |
138 |
13.6 |
16.3 |
4.4 |
Tokyo |
| Quess Corp Limited |
QUESS.BO |
454 |
7.9 |
30.9 |
3.6 |
Bombay Stock Exchange |
| Synergie SE |
SDG.PA |
910 |
8.1 |
12.2 |
1.1 |
Paris |
| JAC Recruitment Co., Ltd. |
2124.T |
1,150 |
17.0 |
26.5 |
10.4 |
Tokyo |
| Quick Co.,Ltd. |
4318.T |
293 |
11.4 |
12.1 |
2.4 |
Tokyo |
| COPRO-HOLDINGS. Co., Ltd. |
7059.T |
294 |
15.4 |
23.6 |
5.1 |
Tokyo |
| Career Design Center Co., Ltd. |
2410.T |
76 |
7.4 |
11.9 |
2.9 |
Tokyo |
| Matching Service Japan Co., Ltd. |
6539.T |
165 |
14.4 |
23.5 |
2.5 |
Tokyo |
| DIVE INC |
151A.T |
51 |
10.7 |
15.0 |
3.1 |
Tokyo |