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	2.3	12.9	1.4
Iberdrola, S.A.	2.1	16.0	2.1
Mediana / Iberdrola, S.A.	1.1	0.8	0.7

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Pozostałe spółki z branży Diversified Utilities

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
Jinneng Holding Shanxi Electric Power Co.,LTD.	000767.SZ	1,218	-8.7	14.6	0.8	Shenzhen
Shenzhen Energy Group Co., Ltd.	000027.SZ	4,199	-4.4	14.2	1.0	Shenzhen
Shenyang Huitian Thermal Power Co.,Ltd	000692.SZ	257	10.9	-8.9	12.2	Shenzhen
China Suntien Green Energy Corporation Limited	0956.HK	3,504	-4.1	10.4	0.8	HKSE
The Power and Water Utility Company for Jubail and Yanbu	2083.SR	2,836	-1.3	611.5	2.0	Saudi
YTL Corporation Berhad	1773.T	5,687	4.2	16.4	0.0	Tokyo
YTL Corporation Berhad	4677.KL	5,653	-2.7	12.1	1.5	Kuala Lumpur
Fujian Funeng Co., Ltd.	600483.SS	3,718	3.5	8.9	1.0	Shanghai
YTL Power International Berhad	6742.KL	7,235	0.7	10.2	1.5	Kuala Lumpur
Malakoff Corporation Berhad	5264.KL	905	-1.6	15.6	0.7	Kuala Lumpur
Remixpoint, Inc.	3825.T	470	-69.2	-105.2	3.5	Tokyo
Shenyang Jinshan Energy Co., Ltd.	600396.SS	604	-15.9	40.9	2.9	Shanghai
China Suntien Green Energy Corporation Limited	600956.SS	3,492	-3.2	18.2	1.4	Shanghai
Gallant Venture Ltd.	5IG.SI	372	1.1	-8.3	0.7	Stock Exchange of Singapore
Shenergy Company Limited	600642.SS	5,944	3.3	11.3	1.1	Shanghai
Sichuan Mingxing Electric Power Co., Ltd.	600101.SS	765	28.0	25.8	1.8	Shanghai
Xinjiang Tianfu Energy Co., Ltd.	600509.SS	1,205	-1.4	30.6	1.1	Shanghai
Hunan Chendian International Development co.,ltd	600969.SS	364	-6.7	-99.6	0.7	Shanghai
A2A S.p.A.	A2A.MI	8,255	0.6	8.2	1.3	Milan
ACEA S.p.A.	ACE.MI	5,052	-0.5	13.4	1.8	Milan
Earth Infinity Co.Ltd.	7692.T	104	24.0	42.2	15.5	Tokyo
ATCO Ltd.	ACO-X.TO	4,249	-2.6	13.4	1.2	Toronto Stock Exchange
Chubu Electric Power Company, Incorporated	9502.T	8,948	-4.4	6.4	0.5	Tokyo
The AES Corporation	AES	7,322	-7.7	6.1	2.1	New York Stock Exchange
ALLETE, Inc.	ALE	3,706	4.0	20.0	1.3	New York Stock Exchange
Brookfield Infrastructure Partners L.P.	BIP	15,465	-4.4	143.0	2.8	New York Stock Exchange
Brookfield Infrastructure Partners L.P.	BIP-UN.TO	15,485	-4.4	143.0	2.8	Toronto Stock Exchange
Brookfield Infrastructure Partners L.P.	BIP-PA	7,905	-4.4	143.0	2.8	New York Stock Exchange
Avista Corporation	AVA	3,079	0.1	16.3	1.2	New York Stock Exchange
Brookfield Infrastructure Partners L.P.	BIP-PE.TO	7,176	-4.9	22.0	0.0	Toronto Stock Exchange
Black Hills Corporation	BKH	4,133	-0.2	14.6	1.1	New York Stock Exchange
Brookfield Infrastructure Partners L.P.	BIP-PB	7,606	-4.4	143.0	2.8	New York Stock Exchange
Dubai Electricity and Water Authority (PJSC)	DEWA.AE	37,852	6.8	20.3	1.6	Dubai
Companhia Energética de Minas Gerais	CIG	6,255	3.2	4.3	1.1	New York Stock Exchange
Companhia Paranaense de Energia - COPEL	CPLE5.SA	7,733	4.2	12.7	1.4	São Paulo
Companhia Energética de Minas Gerais	CMIG3.SA	6,385	1.9	4.2	1.1	São Paulo
Canadian Utilities Limited	CU.TO	5,718	-1.8	21.7	1.5	Toronto Stock Exchange
Companhia Paranaense de Energia - COPEL	CPLE6.SA	6,735	4.2	12.7	1.4	São Paulo
Companhia Paranaense de Energia - COPEL	CPLE3.SA	6,715	4.2	12.7	1.4	São Paulo
Companhia Energética de Minas Gerais	CMIG4.SA	6,248	1.9	4.2	1.1	São Paulo
Companhia Energética de Minas Gerais	CIG-C	6,633	1.9	6.0	1.5	New York Stock Exchange
Engie SA	ENGI.PA	53,947	0.9	11.9	1.4	Paris
Enel SpA	ENL.DE	95,607	0.8	12.1	2.3	Frankfurt Stock Exchange
Enel SpA	ENEL.MI	95,666	0.8	12.1	2.3	Milan
EVN AG	EVN.VI	4,913	3.1	9.4	0.7	Vienna
EDP - Energias de Portugal, S.A.	EDP.LS	16,887	-0.7	19.2	1.3	Lisbon
E.ON SE	EOAN.DE	47,187	0.5	9.0	2.3	Frankfurt Stock Exchange
Companhia Paranaense de Energia - COPEL	ELP	6,667	4.1	12.8	1.4	New York Stock Exchange
Empresa Metropolitana de Águas e Energia S.A.	EMAE4.SA	127	15.7	21.1	1.0	São Paulo
Eneva S.A.	ENEV3.SA	4,948	3.7	646.4	1.4	São Paulo
Companhia Paranaense de Energia	ELPC	1,690	-0.7	2.9	0.3	New York Stock Exchange
EnBW Energie Baden-Württemberg AG	EBK.DE	21,102	0.6	14.6	1.8	Frankfurt Stock Exchange
Iberdrola, S.A.	IBE1.BE	120,338	2.3	17.4	2.3	Berlin
Iberdrola, S.A.	IBE1.DE	120,338	2.3	17.4	2.3	Frankfurt Stock Exchange
Hera S.p.A.	HER.MI	6,845	1.5	11.9	1.6	Milan
Iberdrola, S.A.	IBE.MC	120,374	2.3	17.4	2.3	Madrid Stock Exchange
Hawaiian Electric Industries, Inc.	HE	1,876	-1.1	-1.3	1.2	New York Stock Exchange
Engie SA	GZF.DE	55,794	0.9	11.9	1.4	Frankfurt Stock Exchange
Iren SpA	IRE.MI	3,864	2.5	12.4	1.2	Milan
MVV Energie AG	MVV1.DE	2,276	4.2	12.5	0.9	Frankfurt Stock Exchange
MGE Energy, Inc.	MGEE	3,345	10.2	25.9	2.6	NASDAQ Global Select
NorthWestern Corporation	NWE	3,198	0.2	13.5	1.1	NASDAQ Global Select
Pacific Gas and Electric Company	PCG6.F	2,942	-5.2	0.0	0.0	Frankfurt Stock Exchange
Otter Tail Corporation	OTTR	3,287	5.2	11.1	1.9	NASDAQ Global Select
Montauk Renewables, Inc.	MNTK	322	8.1	44.6	1.3	NASDAQ Capital Market
RWE Aktiengesellschaft	RWE.DE	31,120	1.7	5.2	0.8	Frankfurt Stock Exchange
REN - Redes Energéticas Nacionais, SGPS, S.A.	RENE.LS	2,306	-0.9	13.2	1.3	Lisbon
RWE AG	RWE.WA	31,300	1.8	5.2	0.9	Warsaw Stock Exchange
Qatar Electricity & Water Company Q.P.S.C.	QEWS.QA	4,745	8.6	12.4	1.1	Qatar
SSE plc	SSE.L	27,950	3.3	11.8	2.1	London Stock Exchange
Sempra	SRE	49,721	2.3	16.7	1.6	New York Stock Exchange
Telecom Plus Plc	TEP.L	2,110	11.3	20.7	6.8	London Stock Exchange
Unitil Corporation	UTL	864	0.3	18.0	1.6	New York Stock Exchange
TPC Consolidated Limited	TPC.AX	67	17.9	17.1	2.7	Australian Securities Exchange
Zorlu Enerji Elektrik Üretim A.S.	ZOREN.IS	373	-5.2	-5.1	0.2	Istanbul Stock Exchange
Vector Limited	VCT.NZ	2,511	3.3	21.8	1.1	NZSE
Yü Group PLC	YU.L	388	10.5	10.9	4.1	London Stock Exchange