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	20.5	10.3	1.2
The Bank of N.T. Butterfield & Son Limited	14.3	9.1	1.9
Mediana / The Bank of N.T. Butterfield & Son Limited	1.4	1.1	0.6

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Pozostałe spółki z branży Banks - Diversified

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
Banco Santander, S.A.	SAN.MC	125,416	7.5	8.5	1.1	Madrid Stock Exchange
Barclays PLC	BARC.L	65,039	20.4	7.7	0.7	London Stock Exchange
ING Groep N.V.	INGA.AS	69,400	-3.0	9.6	1.2	Amsterdam
ANZ Group Holdings Limited	X5Z.F	57,599	0.0	13.5	1.3	Frankfurt Stock Exchange
Commonwealth Bank of Australia	CBA.AX	197,738	6.5	30.7	4.0	Australian Securities Exchange
Bank of America Corporation	BOFA.NE	354,648	132.4	4.9	0.5	NEO
Westpac Banking Corporation	WBCPL.AX	236,464	-5.5	16.6	1.6	Australian Securities Exchange
Wells Fargo & Company	WFC	268,714	4.3	13.5	1.5	New York Stock Exchange
Bank of America Corporation	BML-PH	366,328	-2.8	12.9	1.2	New York Stock Exchange
Bank of Communications Co., Ltd.	601328.SS	92,405	28.1	6.4	0.5	Shanghai
Canadian Imperial Bank of Commerce	CM	68,387	-18.0	12.0	1.5	New York Stock Exchange
HSBC Holdings plc	0005.HK	216,421	-542.7	10.6	1.2	HKSE
Standard Chartered PLC	2888.HK	40,514	0.0	9.9	0.8	HKSE
Bank of Montreal	BMO	82,186	-16.4	13.7	1.3	New York Stock Exchange
ING Groep N.V.	ING	69,453	-3.0	9.6	1.2	New York Stock Exchange
Bank of America Corporation	BAC-PN	155,302	-2.8	12.9	1.2	New York Stock Exchange
ProCredit Holding AG & Co. KGaA	0RL9.L	675	20.6	5.9	0.5	London Stock Exchange
Citigroup Inc.	C	162,296	-12.5	12.2	0.8	New York Stock Exchange
Agricultural Bank of China Limited	EK7.VI	293,759	29.7	8.4	0.8	Vienna
JPMorgan Chase & Co.	JPM-PL	55,267	2.6	13.6	2.3	New York Stock Exchange
Bank of America Corporation	BAC-PK	353,657	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BML-PJ	361,857	-2.8	12.9	1.2	New York Stock Exchange
China Construction Bank Corporation	CNCB.VI	256,666	62.8	5.8	0.6	Vienna
JPMorgan Chase & Co.	JPM	797,432	2.6	13.6	2.3	New York Stock Exchange
Royal Bank of Canada	RY	186,242	-16.1	14.0	1.9	New York Stock Exchange
Bank of America Corporation	BAC	352,002	-2.8	12.9	1.2	New York Stock Exchange
Nu Holdings Ltd.	NU	62,250	24.7	29.0	7.2	New York Stock Exchange
HSBC Holdings plc	HSBC	216,106	15.8	10.6	1.2	New York Stock Exchange
Industrial and Commercial Bank of China Limited	ICK.VI	345,353	79.5	5.7	0.5	Vienna
Industrial and Commercial Bank of China Limited	1398.HK	347,394	46.7	5.7	0.5	HKSE
UBS Group AG	UBS	113,979	1.6	22.6	1.3	New York Stock Exchange
JPMorgan Chase & Co.	JPM-PK	54,377	2.6	13.6	2.3	New York Stock Exchange
Bank of America Corporation	BAC-PL	456,432	-2.8	12.9	1.2	New York Stock Exchange
The Bank of N.T. Butterfield & Son Limited	NTB	1,935	14.3	9.1	1.9	New York Stock Exchange
Royal Bank of Canada	0QKU.L	186,256	16.0	21.8	2.1	London Stock Exchange
Agricultural Bank of China Limited	1288.HK	275,585	77.2	6.7	0.6	HKSE
JPMorgan Chase & Co.	JPM-PD	801,270	2.6	13.6	2.3	New York Stock Exchange
JPMorgan Chase & Co.	JPM-PC	788,605	2.6	13.6	2.3	New York Stock Exchange
Bank of America Corporation	BML-PL	365,553	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BAC-PP	129,510	-2.8	12.9	1.2	New York Stock Exchange
UBS Group AG	UBSG.SW	113,717	1.7	22.7	1.3	Swiss Exchange
HSBC Holdings plc	HSBA.L	214,849	5.4	10.5	1.1	London Stock Exchange
ABN AMRO Bank N.V.	ABN.AS	23,865	-5.2	8.7	0.7	Amsterdam
Standard Chartered PLC	STAN.L	40,105	4.2	9.8	0.8	London Stock Exchange
Wells Fargo & Company	WFC-PZ	64,043	4.3	13.5	1.5	New York Stock Exchange
Westpac Banking Corporation	WBC.NZ	75,964	50.5	17.5	1.7	NZSE
China Construction Bank Corporation	0939.HK	256,659	8.0	5.8	0.6	HKSE
National Bank of Canada	NA.TO	40,322	-8.1	14.2	1.7	Toronto Stock Exchange
JPMorgan Chase & Co.	JPM-PJ	57,180	2.6	13.6	2.3	New York Stock Exchange
Barclays PLC	BCS	65,501	20.5	7.8	0.7	New York Stock Exchange
Wells Fargo & Company	WFC-PA	62,220	4.3	13.5	1.5	New York Stock Exchange
East West Bancorp, Inc.	EWBC	14,815	8.5	12.7	1.9	NASDAQ Global Select
National Bank of Canada	NA-PC.TO	19,275	-13.2	2.7	0.3	Toronto Stock Exchange
The Toronto-Dominion Bank	TD	129,021	-14.0	10.1	1.4	New York Stock Exchange
Canadian Imperial Bank of Commerce	CM.TO	68,369	-16.9	12.0	1.5	Toronto Stock Exchange
JPMorgan Chase & Co.	JPM-PM	51,191	2.6	13.6	2.3	New York Stock Exchange
Westpac Banking Corporation	WBC.AX	75,871	-5.5	16.6	1.6	Australian Securities Exchange
Sumitomo Mitsui Financial Group, Inc.	SMFG	96,173	27.2	7.2	0.6	New York Stock Exchange
EFG International AG	EFGN.SW	5,625	63.1	14.7	1.9	Swiss Exchange
Banco Bilbao Vizcaya Argentaria, S.A.	BVA.L	87,107	1.7	6.9	1.3	London Stock Exchange
Bank of America Corporation	BAC-PS	148,566	-2.8	12.9	1.2	New York Stock Exchange
JPMorgan Chase & Co.	JPM.NE	792,067	0.0	1.3	0.2	NEO
Wells Fargo & Company	WFC-PC	260,659	4.3	13.5	1.5	New York Stock Exchange
Bank of Communications Co., Ltd.	3328.HK	90,557	109.7	5.4	0.4	HKSE
Bank of America Corporation	BAC-PE	341,138	-2.8	12.9	1.2	New York Stock Exchange
National Bank of Canada	NA-PE.TO	20,051	-13.1	2.2	0.3	Toronto Stock Exchange
ANZ Group Holdings Limited	ANZ.AX	59,567	21.3	13.9	1.3	Australian Securities Exchange
Bank of America Corporation	BAC-PO	136,678	-2.8	12.9	1.2	New York Stock Exchange
Qatar National Bank (Q.P.S.C.)	QNBK.QA	43,967	69.9	9.5	1.4	Qatar
Royal Bank of Canada	RY.TO	186,149	-15.1	14.0	1.9	Toronto Stock Exchange
Citigroup Inc.	TRVC.DE	161,111	-10.3	12.1	0.8	Frankfurt Stock Exchange
Barclays PLC	BCY.DE	65,150	-701.7	9.1	0.8	Frankfurt Stock Exchange
JPMorgan Chase & Co.	CMC.DE	796,161	0.0	13.5	2.3	Frankfurt Stock Exchange
Bank of America Corporation	BML-PG	368,578	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	NCB.DE	349,380	-4.4	11.0	1.0	Frankfurt Stock Exchange
Svenska Handelsbanken AB (publ)	SHB-A.ST	25,456	0.0	9.1	1.3	Stockholm Stock Exchange
Banco Santander, S.A.	BNC.L	125,406	0.0	8.9	1.2	London Stock Exchange
Bank of Montreal	BMO.TO	82,156	-13.3	13.9	1.3	Toronto Stock Exchange
Bank of China Limited	BOCN.VI	213,611	78.3	5.5	0.5	Vienna
Bank of America Corporation	BAC-PQ	132,410	-2.8	12.9	1.2	New York Stock Exchange
The Bank of Nova Scotia	BNS.TO	68,277	-31.7	14.1	1.1	Toronto Stock Exchange
Wells Fargo & Company	NWT.DE	268,036	0.0	13.5	1.5	Frankfurt Stock Exchange
Mitsubishi UFJ Financial Group, Inc.	MUFG	157,467	16.8	13.2	1.2	New York Stock Exchange
Industrial & Commercial Bank of China Ltd.	601398.SS	377,124	36.2	8.1	0.7	Shanghai
Banco Bilbao Vizcaya Argentaria, S.A.	BBVA	86,899	2.0	7.3	1.4	New York Stock Exchange
Banco Santander, S.A.	BSD2.DE	125,364	7.4	9.0	1.2	Frankfurt Stock Exchange
ING Groep N.V.	INN1.DE	69,385	-3.0	9.6	1.2	Frankfurt Stock Exchange
Svenska Handelsbanken AB (publ)	SHB-B.ST	25,936	0.0	9.1	1.3	Stockholm Stock Exchange
Bank of China Limited	3988.HK	214,872	44.0	5.5	0.5	HKSE
Agricultural Bank of China Limited	601288.SS	307,000	29.7	8.4	0.8	Shanghai
Wells Fargo & Company	WFC-PY	193,213	4.3	13.5	1.5	New York Stock Exchange
Doha Bank Q.P.S.C.	DHBK.QA	2,170	34.3	9.1	0.5	Qatar
FirstRand Limited	FSR.JO	228	4.5	9.8	2.0	Johannesburg
Banco de Sabadell, S.A.	SAB.MC	17,860	8.6	9.1	1.1	Madrid Stock Exchange
Banco de Valores S.A.	VALO.BA	223	46.9	11.3	1.6	Buenos Aires
Bank of America Corporation	BAC-PM	166,424	-2.8	12.9	1.2	New York Stock Exchange
Wells Fargo & Company	WFC-PD	57,190	4.3	13.5	1.5	New York Stock Exchange
Mitsubishi UFJ Financial Group, Inc.	8306.T	157,148	16.8	13.2	1.2	Tokyo
The Bank of Nova Scotia	BNS	68,276	-34.1	10.3	0.8	New York Stock Exchange
ANZ Group Holdings Limited	ANZ.NZ	59,426	-1,311.3	14.1	1.3	NZSE
Bank of America Corporation	BAC-PB	352,466	-2.8	12.9	1.2	New York Stock Exchange
Banco Santander, S.A.	SAN	125,650	14.7	9.0	1.2	New York Stock Exchange
HSBC Holdings plc	HBC1.DE	215,407	-513.1	10.6	1.1	Frankfurt Stock Exchange
Banco Bilbao Vizcaya Argentaria, S.A.	BOY.DE	87,056	2.0	7.1	1.4	Frankfurt Stock Exchange
Banco Santander, S.A.	SAN.WA	124,692	14.6	8.9	1.2	Warsaw Stock Exchange
The Toronto-Dominion Bank	TD.TO	128,994	-14.0	10.1	1.4	Toronto Stock Exchange
VP Bank AG	VPBN.SW	608	58.7	27.1	0.4	Swiss Exchange
Alior Bank S.A.	ALR.WA	3,455	10.3	5.4	1.1	Warsaw Stock Exchange
Bank of China Limited	601988.SS	218,960	18.1	7.3	0.6	Shanghai
Sumitomo Mitsui Financial Group, Inc.	8316.T	95,748	18.8	12.0	1.0	Tokyo
NatWest Group plc	NWG.L	53,486	74.4	8.0	1.0	London Stock Exchange
China Construction Bank Corporation	601939.SS	256,792	-20.5	7.4	0.7	Shanghai
National Australia Bank Limited	NAB.AX	79,756	-13.6	17.4	2.0	Australian Securities Exchange
Jiangsu Zijin Rural Commercial Bank Co.,Ltd	601860.SS	1,645	20.3	7.5	0.6	Shanghai
NatWest Group plc	NWG	26,891	67.1	4.2	0.5	New York Stock Exchange
Banco Bilbao Vizcaya Argentaria, S.A.	BBVA.MC	87,090	1.5	7.4	1.4	Madrid Stock Exchange
Wells Fargo & Company	WFC-PL	257,506	4.3	13.5	1.5	New York Stock Exchange
TOMONY Holdings, Inc.	8600.T	795	-2.7	7.5	0.4	Tokyo
CAB Payments Holdings Limited	CABP.L	175	56.8	9.1	0.9	London Stock Exchange
ANZ Group Holdings Limited	AN3PI.AX	203,838	21.3	13.9	1.3	Australian Securities Exchange
ANZ Group Holdings Limited	AN3PJ.AX	202,653	0.0	0.0	0.0	Australian Securities Exchange
The Toronto-Dominion Bank	TD-PFI.TO	121,162	-14.0	10.1	1.4	Toronto Stock Exchange