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 |
2.3
|
7.1
|
0.6
|
| Helmerich & Payne, Inc. |
2.1
|
7.5
|
0.5
|
| Mediana / Helmerich & Payne, Inc. |
1.1
|
0.9
|
1.0
|
Pozostałe spółki z branży Oil & Gas Drilling
| Nazwa firmy |
Symbol |
Kapitalizacja (mln $) |
EV/EBITDA |
P/E |
P/B |
Giełda |
| Transocean Ltd. |
0QOW.L |
2,385 |
-5.7 |
-3.5 |
0.2 |
London Stock Exchange |
| XinJiang Beiken Energy Engineering Co.,Ltd. |
002828.SZ |
330 |
45.3 |
-3,817.0 |
3.1 |
Shenzhen |
| Helmerich & Payne, Inc. |
0J4G.L |
1,580 |
2.0 |
7.2 |
0.5 |
London Stock Exchange |
| Sinopec Oilfield Service Corporation |
1033.HK |
3,812 |
4.2 |
16.6 |
1.2 |
HKSE |
| Ades Holding Co. |
2382.SR |
3,751 |
0.7 |
17.5 |
2.2 |
Saudi |
| Arabian Drilling Company |
2381.SR |
1,841 |
3.6 |
21.2 |
1.1 |
Saudi |
| Daldrup & Söhne Aktiengesellschaft |
4DS.DE |
89 |
13.8 |
35.2 |
3.3 |
Frankfurt Stock Exchange |
| Sinopec Oilfield Service Corporation |
600871.SS |
4,195 |
3.0 |
52.2 |
3.9 |
Shanghai |
| Velesto Energy Berhad |
5243.KL |
358 |
2.9 |
7.3 |
0.6 |
Kuala Lumpur |
| AKITA Drilling Ltd. |
AKT-A.TO |
63 |
1.1 |
6.8 |
0.5 |
Toronto Stock Exchange |
| Borr Drilling Limited |
BORR.OL |
989 |
-2.2 |
14.5 |
1.2 |
Oslo Stock Exchange |
| Borr Drilling Limited |
BORR |
467 |
-3.2 |
5.7 |
0.5 |
New York Stock Exchange |
| Deep Value Driller AS |
DVD.OL |
145 |
0.9 |
6.4 |
16.4 |
Oslo Stock Exchange |
| Ensign Energy Services Inc. |
ESI.TO |
309 |
-1.5 |
-20.4 |
0.3 |
Toronto Stock Exchange |
| Helmerich & Payne, Inc. |
HP |
1,574 |
2.0 |
7.2 |
0.5 |
New York Stock Exchange |
| Odfjell Technology Ltd. |
OTL.OL |
194 |
2.4 |
6.9 |
1.5 |
Oslo Stock Exchange |
| Odfjell Drilling Ltd. |
ODL.OL |
1,625 |
5.3 |
19.8 |
1.1 |
Oslo Stock Exchange |
| Noble Corporation Plc |
NOBLE.CO |
5,498 |
4.4 |
10.2 |
1.1 |
Copenhagen |
| Northern Ocean Ltd. |
NOL.OL |
180 |
-6.6 |
-1.7 |
0.3 |
Oslo Stock Exchange |
| Noble Corporation Plc |
NE |
4,313 |
2.3 |
9.3 |
0.9 |
New York Stock Exchange |
| Nabors Industries Ltd. |
NBR |
460 |
-2.1 |
-2.7 |
0.9 |
New York Stock Exchange |
| PHX Energy Services Corp. |
PHX.TO |
280 |
2.8 |
6.7 |
1.6 |
Toronto Stock Exchange |
| Precision Drilling Corporation |
PDS |
641 |
0.0 |
8.0 |
0.5 |
New York Stock Exchange |
| Precision Drilling Corporation |
PD.TO |
638 |
0.0 |
8.0 |
0.5 |
Toronto Stock Exchange |
| Transocean Ltd. |
RIG |
2,389 |
-5.7 |
-3.5 |
0.2 |
New York Stock Exchange |
| Patterson-UTI Energy, Inc. |
PTEN |
2,290 |
6.8 |
-2.3 |
0.7 |
NASDAQ Global Select |
| Shelf Drilling, Ltd. |
SHLF.OL |
207 |
-2.8 |
2.4 |
0.5 |
Oslo Stock Exchange |
| Sable Offshore Corp. |
SOC |
2,155 |
53.9 |
-163.3 |
6.6 |
New York Stock Exchange |
| Seadrill Limited |
SDRL |
1,619 |
4.3 |
4.3 |
0.6 |
New York Stock Exchange |
| Western Energy Services Corp. |
WRG.TO |
51 |
-0.8 |
-10.9 |
0.2 |
Toronto Stock Exchange |