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 |
5.4
|
15.1
|
1.1
|
| Siam Global House Public Company Limited |
4.5
|
11.8
|
1.1
|
| Mediana / Siam Global House Public Company Limited |
1.2
|
1.3
|
1.0
|
Pozostałe spółki z branży Home Improvement
| Nazwa firmy |
Symbol |
Kapitalizacja (mln $) |
EV/EBITDA |
P/E |
P/B |
Giełda |
| Test-Rite International Co., Ltd. |
2908.TW |
347 |
-2.5 |
30.7 |
1.4 |
Taiwan |
| Watahan & Co.,Ltd. |
3199.T |
211 |
1.4 |
15.0 |
1.3 |
Tokyo |
| Joyful Honda Co., Ltd. |
3191.T |
849 |
8.2 |
13.7 |
1.0 |
Tokyo |
| NAFCO Co., Ltd. |
2790.T |
300 |
5.4 |
243.4 |
0.3 |
Tokyo |
| Ochi Holdings Co., Ltd. |
3166.T |
126 |
9.2 |
17.5 |
0.8 |
Tokyo |
| DCM Holdings Co., Ltd. |
3050.T |
1,254 |
0.1 |
10.5 |
0.7 |
Tokyo |
| Alleanza Holdings Co., Ltd. |
3546.T |
210 |
1.1 |
14.4 |
1.0 |
Tokyo |
| Saudi Company for Hardware |
4008.SR |
274 |
4.5 |
-70.7 |
3.1 |
Saudi |
| Komeri Co.,Ltd. |
8218.T |
952 |
3.1 |
9.9 |
0.5 |
Tokyo |
| Kohnan Shoji Co., Ltd. |
7516.T |
751 |
-2.0 |
7.6 |
0.7 |
Tokyo |
| Encho Co.,Ltd. |
8208.T |
53 |
-8.8 |
-157.6 |
0.8 |
Tokyo |
| Mr.Bricolage S.A. |
ALMRB.PA |
100 |
2.1 |
6.0 |
0.6 |
Paris |
| Arhaus, Inc. |
ARHS |
1,224 |
6.7 |
20.9 |
3.5 |
NASDAQ Global Select |
| PT Caturkarda Depo Bangunan Tbk |
DEPO.JK |
88 |
6.5 |
16.5 |
1.1 |
Jakarta Stock Exchange |
| Dohome Public Company Limited |
DOHOME.BK |
301 |
-3.0 |
13.5 |
0.7 |
Thailand |
| Fiskars Oyj Abp |
FSKRS.HE |
1,363 |
5.5 |
103.4 |
1.7 |
Helsinki |
| Floor & Decor Holdings, Inc. |
FND |
8,183 |
13.0 |
40.1 |
3.7 |
New York Stock Exchange |
| HORNBACH Holding AG & Co. KGaA |
HBH.DE |
1,840 |
0.8 |
9.6 |
0.8 |
Frankfurt Stock Exchange |
| Siam Global House Public Company Limited |
GLOBAL.BK |
837 |
4.0 |
10.8 |
1.0 |
Thailand |
| The Home Depot, Inc. |
HD.NE |
354,254 |
11.7 |
1.1 |
2.5 |
NEO |
| HORNBACH Baumarkt AG |
HBM.DE |
1,798 |
6.6 |
-114.0 |
0.5 |
Frankfurt Stock Exchange |
| Home Product Center Public Company Limited |
HMPRO-R.BK |
2,583 |
5.5 |
12.9 |
2.9 |
Thailand |
| Home Product Center Public Company Limited |
HMPRO.BK |
2,583 |
5.5 |
12.9 |
2.9 |
Thailand |
| The Home Depot, Inc. |
HD |
357,358 |
13.2 |
24.4 |
44.9 |
New York Stock Exchange |
| The Home Depot, Inc. |
HDI.DE |
359,331 |
11.6 |
24.0 |
53.6 |
Frankfurt Stock Exchange |
| Siam Global House Public Company Limited |
GLOBAL-R.BK |
854 |
4.0 |
10.8 |
1.0 |
Thailand |
| Kingfisher plc |
KGF.L |
6,642 |
2.6 |
26.6 |
0.8 |
London Stock Exchange |
| Leslie's, Inc. |
LESL |
87 |
-16.4 |
-2.0 |
-0.3 |
NASDAQ Global Select |
| Kingfisher plc |
KFI1.DE |
6,655 |
3.1 |
15.1 |
0.8 |
Frankfurt Stock Exchange |
| Haverty Furniture Companies, Inc. |
HVT |
322 |
5.0 |
14.8 |
1.0 |
New York Stock Exchange |
| Haverty Furniture Companies, Inc. |
HVT-A |
331 |
5.0 |
14.8 |
1.0 |
New York Stock Exchange |
| Maisons du Monde S.A. |
MDM.PA |
113 |
-3.8 |
-0.8 |
0.2 |
Paris |
| Lowe's Companies, Inc. |
LOW |
123,106 |
7.2 |
18.0 |
-9.3 |
New York Stock Exchange |
| Rugvista Group AB (publ) |
RUG.ST |
135 |
16.4 |
22.4 |
2.2 |
Stockholm Stock Exchange |
| Shankara Building Products Limited |
SHANKARA.BO |
288 |
14.2 |
32.4 |
2.9 |
Bombay Stock Exchange |
| Shankara Building Products Limited |
SHANKARA.NS |
288 |
14.2 |
32.4 |
2.9 |
National Stock Exchange of India |
| Victorian Plumbing Group plc |
VIC.L |
334 |
10.5 |
44.1 |
4.6 |
London Stock Exchange |
| Topps Tiles Plc |
TPT.L |
96 |
-0.5 |
-5.5 |
12.7 |
London Stock Exchange |
| Tile Shop Holdings, Inc. |
TTSH |
280 |
9.3 |
347.7 |
2.3 |
NASDAQ Capital Market |
| Wickes Group plc |
WIX.L |
724 |
-0.8 |
29.5 |
3.7 |
London Stock Exchange |
| Sunday Co.,Ltd. |
7450.T |
80 |
3.1 |
-5.4 |
1.2 |
Tokyo |
| Wesfarmers Limited |
WES.AX |
62,042 |
16.2 |
36.7 |
10.6 |
Australian Securities Exchange |