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 |
8.5
|
17.1
|
1.1
|
| Marine Products Corporation |
20.0
|
22.1
|
2.4
|
| Mediana / Marine Products Corporation |
0.4
|
0.8
|
0.5
|
Pozostałe spółki z branży Auto - Recreational Vehicles
| Nazwa firmy |
Symbol |
Kapitalizacja (mln $) |
EV/EBITDA |
P/E |
P/B |
Giełda |
| OneWater Marine Inc. |
ONEW |
280 |
-8.9 |
-25.7 |
0.7 |
NASDAQ Global Market |
| Tourism Holdings Limited |
THL.AX |
286 |
-1.1 |
19.6 |
0.8 |
Australian Securities Exchange |
| Harley-Davidson, Inc. |
HOG |
3,344 |
-4.2 |
13.8 |
1.0 |
New York Stock Exchange |
| BRP Inc. |
DOO.TO |
4,215 |
3.6 |
-103.3 |
12.3 |
Toronto Stock Exchange |
| LCI Industries |
LCII |
2,511 |
4.7 |
17.1 |
1.9 |
New York Stock Exchange |
| MasterCraft Boat Holdings, Inc. |
MCFT |
336 |
86.3 |
-49.2 |
1.8 |
NASDAQ Global Market |
| Brunswick Corporation |
BC |
4,158 |
17.7 |
100.7 |
0.7 |
New York Stock Exchange |
| Winnebago Industries, Inc. |
WGO |
972 |
19.8 |
-57.0 |
0.8 |
New York Stock Exchange |
| SA Catana Group |
CATG.PA |
122 |
2.7 |
3.6 |
1.1 |
Paris |
| KABE Group AB (publ.) |
KABE-B.ST |
235 |
11.9 |
14.7 |
1.3 |
Stockholm Stock Exchange |
| BRP Inc. |
DOOO |
4,212 |
3.6 |
-103.3 |
12.3 |
NASDAQ Global Select |
| Malibu Boats, Inc. |
MBUU |
704 |
25.5 |
-78.8 |
1.4 |
NASDAQ Global Market |
| Polaris Inc. |
PII |
3,255 |
12.2 |
-30.2 |
2.7 |
New York Stock Exchange |
| Harley-Davidson, Inc. |
HAR.DE |
3,337 |
-3.6 |
9.7 |
1.1 |
Frankfurt Stock Exchange |
| Ferretti S.p.A. |
9638.HK |
1,073 |
5.7 |
10.4 |
1.0 |
HKSE |
| Harley-Davidson, Inc. |
0QYY.L |
3,315 |
-4.2 |
13.8 |
1.0 |
London Stock Exchange |
| Herc Holdings Inc. |
0J4L.L |
4,374 |
2.6 |
162.7 |
2.0 |
London Stock Exchange |
| Knaus Tabbert AG |
KTA.DE |
190 |
4.1 |
-2.4 |
1.5 |
Frankfurt Stock Exchange |
| PIERER Mobility AG |
PKTM.VI |
693 |
1.1 |
-0.6 |
-3.0 |
Vienna |
| Marine Products Corporation |
MPX |
308 |
20.0 |
22.1 |
2.4 |
New York Stock Exchange |
| Sanlorenzo S.p.A. |
SL.MI |
1,237 |
5.3 |
10.1 |
2.3 |
Milan |
| Thor Industries, Inc. |
THO |
5,738 |
8.5 |
25.7 |
1.4 |
New York Stock Exchange |
| Thor Industries, Inc. |
0LF8.L |
5,750 |
8.5 |
25.7 |
1.4 |
London Stock Exchange |
| Jiangsu Xinri E-Vehicle Co., Ltd. |
603787.SS |
411 |
45.6 |
98.6 |
1.9 |
Shanghai |
| Her Chee Industrial Co., Ltd. |
8937.TWO |
551 |
499.5 |
1,012.8 |
7.0 |
Taipei Exchange |
| Tourism Holdings Limited |
THL.NZ |
286 |
-1.1 |
19.6 |
0.8 |
NZSE |
| Massimo Group Common Stock |
MAMO |
120 |
-66.3 |
-56.2 |
6.0 |
NASDAQ Global Market |
| Zhejiang Cfmoto Power Co.,Ltd |
603129.SS |
5,705 |
27.2 |
27.0 |
6.5 |
Shanghai |
| PT VKTR Teknologi Mobilitas Tbk |
VKTR.JK |
252 |
173.2 |
-1,446.9 |
3.8 |
Jakarta Stock Exchange |
| Trigano S.A. |
TRI.PA |
3,085 |
5.8 |
8.1 |
1.6 |
Paris |
| Nimbus Group AB (Publ) |
BOAT.ST |
64 |
-364.2 |
-4.8 |
0.5 |
Stockholm Stock Exchange |
| Loncin Motor Co., Ltd. |
603766.SS |
3,843 |
21.5 |
20.7 |
2.9 |
Shanghai |
| DAIWA CYCLE CO LTD |
5888.T |
75 |
8.8 |
12.1 |
2.0 |
Tokyo |