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	11.9	25.2	2.8
Pfizer Inc.	4.3	16.9	1.5
Mediana / Pfizer Inc.	2.8	1.5	1.9

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Pozostałe spółki z branży Drug Manufacturers - General

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
Guangdong Jiaying Pharmaceutical Co., Ltd	002198.SZ	440	75.6	99.6	4.2	Shenzhen
Hubei Guangji Pharmaceutical Co., Ltd.	000952.SZ	307	-7.3	-7.6	2.1	Shenzhen
Daewoong Co., Ltd.	003090.KS	700	2.0	16.1	0.9	KSE
Oscotec Inc.	039200.KQ	826	580.4	1,261.1	8.7	KOSDAQ
PharmGen Science, Inc.	004720.KS	58	2.4	28.8	0.3	KSE
Zhejiang Zhenyuan Share Co., Ltd.	000705.SZ	399	29.7	54.5	1.4	Shenzhen
Roche Holding AG	0QQ6.L	265,016	11.0	25.2	6.6	London Stock Exchange
Sichuan Kelun Pharmaceutical Co., Ltd.	002422.SZ	8,052	15.2	24.5	2.4	Shenzhen
Yifan Pharmaceutical Co., Ltd.	002019.SZ	2,329	22.5	35.1	1.6	Shenzhen
Zhejiang Int'l Group Co.,Ltd.	000411.SZ	779	2.4	10.4	1.1	Shenzhen
CSPC Pharmaceutical Group Limited	1093.HK	11,602	13.4	18.5	2.6	HKSE
Boai NKY Medical Holdings Ltd.	300109.SZ	1,143	23.8	25.7	2.1	Shenzhen
Luye Pharma Group Ltd.	2186.HK	1,720	4.0	26.5	0.9	HKSE
Zhejiang Wolwo Bio-Pharmaceutical Co., Ltd.	300357.SZ	1,562	31.3	33.7	4.4	Shenzhen
Chongqing Lummy Pharmaceutical Co., Ltd.	300006.SZ	567	-73.7	-40.4	2.1	Shenzhen
Tong Ren Tang Technologies Co. Ltd.	1666.HK	809	6.4	10.9	0.8	HKSE
AbbVie Inc.	4AB.DE	340,230	15.4	77.7	229.4	Frankfurt Stock Exchange
Ono Pharmaceutical Co., Ltd.	4528.T	5,105	9.0	14.4	0.9	Tokyo
JCR Pharmaceuticals Co., Ltd.	4552.T	427	-11.7	-13.5	1.4	Tokyo
Santen Pharmaceutical Co., Ltd.	4536.T	3,929	9.8	15.8	2.0	Tokyo
Kyowa Kirin Co., Ltd.	4151.T	9,046	14.1	25.2	1.6	Tokyo
Chugai Pharmaceutical Co., Ltd.	4519.T	81,460	21.2	30.2	6.5	Tokyo
Astellas Pharma Inc.	4503.T	17,342	4.2	48.6	1.6	Tokyo
Otsuka Holdings Co., Ltd.	4578.T	25,028	7.2	10.8	1.4	Tokyo
Daiichi Sankyo Company, Limited	4568.T	42,534	16.8	21.4	3.9	Tokyo
Zhangzhou Pientzehuang Pharmaceutical., Ltd	600436.SS	16,758	33.9	40.1	7.9	Shanghai
GuangYuYuan Chinese Herbal Medicine Co., Ltd.	600771.SS	1,373	102.4	101.6	6.0	Shanghai
Aurora Optoelectronics Co.,Ltd.	600666.SS	1,237	-197.2	-48.3	9.5	Shanghai
Shanghai Shenqi Pharmaceutical Investment Management Co., Ltd.	600613.SS	468	36.0	50.9	1.3	Shanghai
Shangya Technology Co., Ltd.	6130.TWO	66	-2,893.8	-48.7	2.6	Taipei Exchange
Hangzhou TianMuShan Pharmaceutical Enterprise Co.,Ltd	600671.SS	230	30.8	53.8	28.1	Shanghai
Zhejiang CONBA Pharmaceutical Co.,Ltd.	600572.SS	1,562	14.2	18.4	1.6	Shanghai
NanJing Pharmaceutical Company Limited	600713.SS	934	-0.8	11.6	1.0	Shanghai
Jiangsu Hengrui Medicine Co., Ltd.	600276.SS	46,234	44.0	47.3	6.9	Shanghai
Merck & Co., Inc.	6MK.DE	208,042	6.7	11.6	4.2	Frankfurt Stock Exchange
Tonghua Dongbao Pharmaceutical Co., Ltd.	600867.SS	2,171	387.6	-94.6	2.2	Shanghai
AbbVie Inc.	ABBV	337,188	16.1	78.2	231.0	New York Stock Exchange
Amgen Inc.	AMGN	159,726	8.1	25.2	24.1	NASDAQ Global Select
AbbVie Inc.	ABBV.BA	33,969	-2.1	7.9	23.3	Buenos Aires
Amgen Inc.	AMG.DE	160,366	8.7	35.4	24.0	Frankfurt Stock Exchange
Abbott India Limited	ABBOTINDIA.BO	8,807	34.2	47.4	15.8	Bombay Stock Exchange
Abbott India Limited	ABBOTINDIA.NS	8,812	34.2	47.4	15.8	National Stock Exchange of India
AstraZeneca PLC	AZN.ST	222,966	12.0	28.2	5.3	Stockholm Stock Exchange
Bayer Aktiengesellschaft	BAYN.DE	30,923	-1.2	-8.0	0.8	Frankfurt Stock Exchange
AstraZeneca PLC	AZN.L	220,765	10.8	28.1	5.3	London Stock Exchange
Bayer Aktiengesellschaft	BAYN.SG	30,946	-1.0	-10.2	0.8	Stuttgart
Bristol-Myers Squibb Company	BMY	96,839	3.4	17.6	5.5	New York Stock Exchange
AstraZeneca PLC	AZN	441,315	23.2	56.3	10.7	NASDAQ Global Select
Bayer AG	BAY.WA	30,995	-0.9	-10.3	0.8	Warsaw Stock Exchange
Biogen Inc.	BIIB	19,497	5.4	12.5	1.1	NASDAQ Global Select
Bristol-Myers Squibb Company	BRM.DE	98,259	3.4	17.6	5.5	Frankfurt Stock Exchange
Cipla Limited	CIPLA.NS	14,248	15.9	23.0	3.9	National Stock Exchange of India
Cipla Limited	CIPLA.BO	14,273	15.9	23.0	3.9	Bombay Stock Exchange
Cosmo Pharmaceuticals N.V.	COPN.SW	1,218	10.2	14.2	2.0	Swiss Exchange
EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.	ECILC.IS	760	9.9	31.1	0.7	Istanbul Stock Exchange
Gilead Sciences, Inc.	GIS.DE	140,410	13.9	28.7	6.9	Frankfurt Stock Exchange
Grifols, S.A.	GRF.MC	7,758	-2.0	43.2	1.2	Madrid Stock Exchange
GSK plc	GSK.L	77,868	5.2	18.3	4.1	London Stock Exchange
Gland Pharma Limited	GLAND.NS	3,610	21.9	41.9	3.2	National Stock Exchange of India
Gilead Sciences, Inc.	GILD	138,580	11.0	22.4	7.0	NASDAQ Global Select
GlaxoSmithKline Pharmaceuticals Limited	GLAXO.BO	6,532	45.1	59.5	28.3	Bombay Stock Exchange
Gland Pharma Limited	GLAND.BO	3,611	21.9	41.9	3.2	Bombay Stock Exchange
GlaxoSmithKline Pharmaceuticals Limited	GLAXO.NS	6,524	45.1	59.5	28.3	National Stock Exchange of India
Grifols, S.A.	GRFS	7,596	-2.0	26.1	0.9	NASDAQ Global Select
GSK plc	GSK	78,904	7.6	18.4	4.1	New York Stock Exchange
Johnson & Johnson	JNJ.DE	375,805	9.7	16.7	4.7	Frankfurt Stock Exchange
Haw Par Corporation Limited	H02.SI	2,235	45.1	11.1	0.6	Stock Exchange of Singapore
Biogen Inc.	IDP.DE	19,741	5.4	12.5	1.1	Frankfurt Stock Exchange
Johnson & Johnson	JNJ	374,192	10.2	16.8	4.7	New York Stock Exchange
Eli Lilly and Company	LLY.DE	738,010	41.6	62.2	43.8	Frankfurt Stock Exchange
Eli Lilly and Company	LLY	738,523	43.1	63.0	44.4	New York Stock Exchange
PT Kalbe Farma Tbk.	KLBF.JK	4,367	14.5	19.9	2.8	Jakarta Stock Exchange
Marksans Pharma Limited	MARKSANS.NS	1,376	19.8	29.2	4.5	National Stock Exchange of India
Kopran Limited	KOPRAN.BO	104	10.4	23.0	1.7	Bombay Stock Exchange
Marksans Pharma Limited	MARKSANS.BO	1,374	19.8	29.2	4.5	Bombay Stock Exchange
Kopran Limited	KOPRAN.NS	104	10.4	23.0	1.7	National Stock Exchange of India
Novartis AG	NOVN.SW	236,004	9.2	18.1	6.1	Swiss Exchange
Mayne Pharma Group Limited	MYX.AX	268	8.7	-3.9	1.1	Australian Securities Exchange
Merck & Co., Inc.	MRK	206,507	6.4	11.7	4.2	New York Stock Exchange
Organon & Co.	OGN	2,635	-3.9	3.4	4.7	New York Stock Exchange
Novartis AG	NVS	244,654	9.6	18.2	6.1	New York Stock Exchange
NGL Fine-Chem Limited	NGLFINE.NS	89	15.1	30.1	2.2	National Stock Exchange of India
NGL Fine-Chem Limited	NGLFINE.BO	89	15.1	30.1	2.2	Bombay Stock Exchange
Orion Oyj	ORNAV.HE	10,354	19.6	25.5	8.3	Helsinki
Orion Oyj	ORNBV.HE	10,369	19.6	25.5	8.3	Helsinki
Pfizer Inc.	PFE.F	143,929	4.5	17.5	1.5	Frankfurt Stock Exchange
Pfizer Inc.	PFE.DE	144,097	7.3	17.5	1.6	Frankfurt Stock Exchange
Pfizer Inc.	PFE.BA	145,316	4.6	2.2	0.2	Buenos Aires
Pfizer Inc.	PFE	143,868	4.5	17.5	1.5	New York Stock Exchange
Dimed S.A. Distribuidora de Medicamentos	PNVL3.SA	258	0.5	13.1	1.1	São Paulo
Pfizer Limited	PFIZER.BO	3,057	34.3	33.3	6.1	Bombay Stock Exchange
Pfizer Inc.	PFE.NE	145,468	4.6	17.2	1.5	Cboe CA
Pfizer Limited	PFIZER.NS	3,093	34.3	33.3	6.1	National Stock Exchange of India
Sanofi	SAN.PA	126,654	8.8	16.4	1.4	Paris
Roche Holding AG	ROG.SW	264,035	11.0	25.2	6.6	Swiss Exchange
Roche Holding AG	RO.SW	265,108	11.0	25.2	6.6	Swiss Exchange
Recordati Industria Chimica e Farmaceutica S.p.A.	REC.MI	13,068	14.4	26.9	6.0	Milan
Sanofi India Limited	SANOFI.NS	1,644	25.7	33.9	16.3	National Stock Exchange of India
Sanofi India Limited	SANOFI.BO	1,646	25.7	33.9	16.3	Bombay Stock Exchange
Sanofi	SNW.DE	120,227	8.8	16.4	1.4	Frankfurt Stock Exchange
SMS Pharmaceuticals Limited	SMSPHARMA.NS	251	11.9	28.9	3.1	National Stock Exchange of India
Sanofi	SNY	120,251	10.4	9.5	0.8	NASDAQ Global Select
SMS Pharmaceuticals Limited	SMSPHARMA.BO	252	11.9	28.9	3.1	Bombay Stock Exchange
TTK Healthcare Limited	TTKHLTCARE.NS	226	20.5	22.3	1.7	National Stock Exchange of India
Virbac SA	VIRP.PA	3,262	9.0	18.7	2.6	Paris
AstraZeneca PLC	ZEG.DE	222,451	12.0	28.1	5.3	Frankfurt Stock Exchange