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 |
11.3
|
22.8
|
2.6
|
| Huron Consulting Group Inc. |
8.2
|
21.9
|
4.9
|
| Mediana / Huron Consulting Group Inc. |
1.4
|
1.0
|
0.5
|
Pozostałe spółki z branży Consulting Services
| Nazwa firmy |
Symbol |
Kapitalizacja (mln $) |
EV/EBITDA |
P/E |
P/B |
Giełda |
| LTS, Inc. |
6560.T |
66 |
6.5 |
9.7 |
2.0 |
Tokyo |
| TransUnion |
TRU |
17,491 |
9.7 |
44.8 |
3.9 |
New York Stock Exchange |
| Forrester Research, Inc. |
FORR |
189 |
-3.6 |
-2.1 |
1.3 |
NASDAQ Global Select |
| Equifax Inc. |
EFX |
31,105 |
14.8 |
48.7 |
6.1 |
New York Stock Exchange |
| ICF International, Inc. |
ICFI |
1,812 |
5.7 |
17.0 |
1.8 |
NASDAQ Global Select |
| Centre Testing International Group Co. Ltd. |
300012.SZ |
3,005 |
20.6 |
25.3 |
3.3 |
Shenzhen |
| CRA International, Inc. |
CRAI |
1,295 |
10.8 |
23.2 |
6.7 |
NASDAQ Global Select |
| Huron Consulting Group Inc. |
HURN |
2,363 |
8.7 |
22.7 |
5.0 |
NASDAQ Global Select |
| Bureau Veritas SA |
BVI.PA |
15,617 |
8.2 |
21.2 |
6.1 |
Paris |
| Ricardo plc |
RCDO.L |
354 |
5.7 |
8.4 |
1.4 |
London Stock Exchange |
| Business Online Public Company Limited |
BOL.BK |
144 |
14.6 |
16.6 |
4.4 |
Thailand |
| Sundart Holdings Limited |
1568.HK |
251 |
11.2 |
6.1 |
0.5 |
HKSE |
| Resources Connection, Inc. |
RGP |
162 |
-1.6 |
-0.8 |
0.8 |
NASDAQ Global Select |
| Verisk Analytics, Inc. |
VRSK |
37,312 |
21.2 |
41.0 |
120.5 |
NASDAQ Global Select |
| Funai Soken Holdings Incorporated |
9757.T |
811 |
19.4 |
26.2 |
5.1 |
Tokyo |
| INTLOOP Inc. |
9556.T |
240 |
17.9 |
30.7 |
6.7 |
Tokyo |
| CREEK & RIVER Co., Ltd. |
4763.T |
216 |
10.0 |
13.9 |
2.0 |
Tokyo |
| FTI Consulting, Inc. |
FCN |
5,406 |
12.9 |
22.3 |
2.9 |
New York Stock Exchange |
| BayCurrent Consulting, Inc. |
6532.T |
8,525 |
28.2 |
39.8 |
13.9 |
Tokyo |
| Franklin Covey Co. |
FC |
247 |
11.2 |
24.0 |
3.9 |
New York Stock Exchange |
| DKSH Holding AG |
DKSH.SW |
4,720 |
8.3 |
17.7 |
2.1 |
Swiss Exchange |
| Enento Group Oyj |
ENENTO.HE |
431 |
5.5 |
36.7 |
1.4 |
Helsinki |
| Saudi Networkers Services Company |
9543.SR |
109 |
10.7 |
13.2 |
3.9 |
Saudi |
| Latent View Analytics Limited |
LATENTVIEW.NS |
1,003 |
34.0 |
46.9 |
5.8 |
National Stock Exchange of India |
| Fintel Plc |
FNTL.L |
317 |
12.7 |
39.9 |
2.3 |
London Stock Exchange |
| Roma Green Finance Limited Ordinary Shares |
ROMA |
155 |
-64.6 |
-12.5 |
5.0 |
Nasdaq |
| IR Japan Holdings, Ltd. |
6035.T |
92 |
13.2 |
19.7 |
2.5 |
Tokyo |
| Experian plc |
EXPN.L |
47,561 |
16.7 |
41.4 |
9.6 |
London Stock Exchange |
| Gateley (Holdings) Plc |
GTLY.L |
225 |
6.1 |
28.5 |
2.1 |
London Stock Exchange |
| SGS SA |
SGSN.SW |
19,919 |
9.5 |
27.1 |
19.8 |
Swiss Exchange |
| GlobalData Plc |
DATA.L |
1,358 |
13.2 |
36.2 |
2.7 |
London Stock Exchange |
| ALS Limited |
ALQ.AX |
6,284 |
12.7 |
35.9 |
8.1 |
Australian Securities Exchange |
| Aoyama Zaisan Networks Company,Limited |
8929.T |
349 |
13.8 |
23.0 |
5.3 |
Tokyo |
| Bluebik Group Public Company Limited |
BBIK.BK |
132 |
12.9 |
14.1 |
2.2 |
Thailand |
| Booz Allen Hamilton Holding Corporation |
BAH |
13,509 |
6.4 |
13.1 |
12.8 |
New York Stock Exchange |
| China Building Material Test & Certification Group Co., Ltd. |
603060.SS |
811 |
9.7 |
28.8 |
2.8 |
Shanghai |
| Exponent, Inc. |
EXPO |
3,591 |
25.7 |
35.6 |
8.6 |
NASDAQ Global Select |
| Rise Consulting Group, Inc. |
9168.T |
183 |
12.9 |
17.9 |
4.0 |
Tokyo |
| Management Solutions co.,Ltd. |
7033.T |
161 |
8.1 |
11.5 |
4.3 |
Tokyo |
| Glorious Sun Enterprises Limited |
0393.HK |
255 |
24.3 |
32.7 |
0.7 |
HKSE |
| Elixirr International plc |
ELIX.L |
440 |
12.0 |
20.4 |
2.5 |
London Stock Exchange |
| Latent View Analytics Limited |
LATENTVIEW.BO |
997 |
34.0 |
46.9 |
5.8 |
Bombay Stock Exchange |
| Alan Allman Associates |
AAA.PA |
236 |
0.3 |
-15.2 |
3.5 |
Paris |
| YAMADA Consulting Group Co.,Ltd. |
4792.T |
238 |
9.8 |
12.0 |
1.9 |
Tokyo |
| Rich Honour International Designs Co., Ltd. |
6754.TW |
101 |
11.2 |
12.6 |
1.5 |
Taiwan |
| Ruentex Interior Design Inc. |
6881.TWO |
110 |
11.3 |
13.0 |
4.5 |
Taipei Exchange |
| Simplex Holdings, Inc. |
4373.T |
1,758 |
20.3 |
34.2 |
5.5 |
Tokyo |
| Tanabe Consulting Co.,Ltd. |
9644.T |
158 |
17.1 |
22.8 |
2.2 |
Tokyo |
| Manolete Partners Plc |
MANO.L |
54 |
9.7 |
44.6 |
1.0 |
London Stock Exchange |
| Bengo4.com,Inc. |
6027.T |
512 |
34.6 |
74.2 |
14.3 |
Tokyo |
| Science Group plc |
SAG.L |
333 |
13.2 |
20.8 |
3.0 |
London Stock Exchange |
| Ipsos SA |
IPS.PA |
2,210 |
3.4 |
8.4 |
1.1 |
Paris |
| Rejlers AB (publ) |
REJL-B.ST |
465 |
7.4 |
20.8 |
2.2 |
Stockholm Stock Exchange |
| BTS Group AB (publ) |
BTS-B.ST |
383 |
8.5 |
10.7 |
2.5 |
Stockholm Stock Exchange |
| Prored Partners CO.,LTD. |
7034.T |
54 |
11.5 |
49.4 |
1.3 |
Tokyo |
| Llorente & Cuenca, S.A. |
LLYC.MC |
124 |
5.7 |
12.8 |
2.8 |
Madrid Stock Exchange |
| Tam Development Co. |
9570.SR |
94 |
6.9 |
9.8 |
2.6 |
Saudi |
| Guang Zhou GRG Metrology & Test Co., Ltd. |
002967.SZ |
1,779 |
21.3 |
33.5 |
3.6 |
Shenzhen |
| SBC Medical Group Holdings Incorporated |
SBC |
428 |
8.5 |
13.2 |
1.8 |
NASDAQ Global Market |
| Aeries Technology, Inc |
AERTW |
58 |
-11.2 |
-11.6 |
-9.1 |
NASDAQ Global Market |
| Link and Motivation Inc. |
2170.T |
446 |
7.7 |
15.9 |
5.3 |
Tokyo |
| Axon Partners Group, S.A. |
APG.MC |
97 |
12.6 |
16.1 |
3.5 |
Madrid Stock Exchange |