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	20.4	10.3	1.2
Banco Santander, S.A.	14.6	8.8	1.1
Mediana / Banco Santander, S.A.	1.4	1.2	1.0

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Pozostałe spółki z branży Banks - Diversified

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
China Construction Bank Corporation	0939.HK	245,014	7.8	5.6	0.5	HKSE
HSBC Holdings plc	0005.HK	209,575	-538.8	10.5	1.1	HKSE
ProCredit Holding AG & Co. KGaA	0RL9.L	644	72.9	5.3	0.5	London Stock Exchange
Bank of China Limited	3988.HK	208,948	43.6	5.5	0.5	HKSE
Industrial and Commercial Bank of China Limited	1398.HK	347,177	46.9	5.9	0.5	HKSE
Bank of Communications Co., Ltd.	3328.HK	76,820	108.8	5.5	0.4	HKSE
Royal Bank of Canada	0QKU.L	181,531	15.7	21.5	2.1	London Stock Exchange
Agricultural Bank of China Limited	1288.HK	276,909	77.5	7.0	0.6	HKSE
Standard Chartered PLC	2888.HK	37,738	0.0	9.4	0.8	HKSE
China Construction Bank Corporation	601939.SS	260,104	-21.5	7.2	0.7	Shanghai
Agricultural Bank of China Limited	601288.SS	287,684	29.2	8.1	0.7	Shanghai
Bank of China Limited	601988.SS	216,381	18.1	7.4	0.6	Shanghai
Jiangsu Zijin Rural Commercial Bank Co.,Ltd	601860.SS	1,567	20.0	7.2	0.6	Shanghai
Bank of Communications Co., Ltd.	601328.SS	94,633	28.4	6.6	0.5	Shanghai
Industrial & Commercial Bank of China Ltd.	601398.SS	356,973	35.7	7.7	0.7	Shanghai
ABN AMRO Bank N.V.	ABN.AS	22,386	-5.5	8.2	0.7	Amsterdam
Sumitomo Mitsui Financial Group, Inc.	8316.T	96,993	18.6	11.8	0.9	Tokyo
TOMONY Holdings, Inc.	8600.T	709	-3.5	6.6	0.4	Tokyo
Mitsubishi UFJ Financial Group, Inc.	8306.T	156,857	16.5	12.8	1.2	Tokyo
Alior Bank S.A.	ALR.WA	3,499	10.5	5.6	1.1	Warsaw Stock Exchange
ANZ Group Holdings Limited	ANZ.NZ	55,398	-1,283.5	13.5	1.3	NZSE
ANZ Group Holdings Limited	ANZ.AX	55,224	20.9	13.3	1.2	Australian Securities Exchange
Banco Santander, S.A.	BNC.L	119,534	0.0	8.7	1.1	London Stock Exchange
CAB Payments Holdings Limited	CABP.L	143	55.7	7.4	0.7	London Stock Exchange
Banco Santander, S.A.	BSD2.DE	119,926	7.2	8.8	1.1	Frankfurt Stock Exchange
Barclays PLC	BARC.L	63,767	20.3	7.6	0.6	London Stock Exchange
Banco Bilbao Vizcaya Argentaria, S.A.	BVA.L	85,935	1.7	7.0	1.3	London Stock Exchange
Banco Bilbao Vizcaya Argentaria, S.A.	BBVA.MC	86,102	1.6	7.5	1.4	Madrid Stock Exchange
The Bank of Nova Scotia	BNS	67,890	-30.6	14.0	1.1	New York Stock Exchange
Citigroup Inc.	C	151,800	-13.0	11.4	0.7	New York Stock Exchange
Bank of America Corporation	BAC-PS	145,017	-2.8	12.9	1.2	New York Stock Exchange
Bank of Montreal	BMO.TO	77,161	-14.4	13.1	1.2	Toronto Stock Exchange
Bank of China Limited	BOCN.VI	210,938	77.7	5.5	0.5	Vienna
Commonwealth Bank of Australia	CBA.AX	204,683	7.8	32.6	4.2	Australian Securities Exchange
Barclays PLC	BCY.DE	64,204	-700.0	8.9	0.8	Frankfurt Stock Exchange
Bank of America Corporation	BAC-PQ	129,850	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BOFA.NE	344,027	127.4	4.9	0.5	NEO
Bank of America Corporation	BAC-PL	451,163	-2.8	12.9	1.2	New York Stock Exchange
The Bank of Nova Scotia	BNS.TO	67,919	-83.7	13.8	1.1	Toronto Stock Exchange
Barclays PLC	BCS	64,802	20.4	7.6	0.6	New York Stock Exchange
Bank of America Corporation	BML-PH	334,303	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BAC-PK	345,821	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BML-PJ	336,550	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BAC-PE	331,653	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BML-PG	333,624	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BAC-PM	163,404	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BAC-PB	343,591	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BAC	351,626	-2.8	12.9	1.2	New York Stock Exchange
Bank of Montreal	BMO	77,128	-16.9	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BAC-PO	133,766	-2.8	12.9	1.2	New York Stock Exchange
Banco Bilbao Vizcaya Argentaria, S.A.	BOY.DE	87,540	2.1	7.2	1.4	Frankfurt Stock Exchange
Bank of America Corporation	BAC-PN	152,445	-2.8	12.9	1.2	New York Stock Exchange
Banco Bilbao Vizcaya Argentaria, S.A.	BBVA	88,191	2.2	7.5	1.4	New York Stock Exchange
Bank of America Corporation	BML-PL	335,116	-2.8	12.9	1.2	New York Stock Exchange
Bank of America Corporation	BAC-PP	126,460	-2.8	12.9	1.2	New York Stock Exchange
JPMorgan Chase & Co.	CMC.DE	784,931	0.0	13.3	2.3	Frankfurt Stock Exchange
China Construction Bank Corporation	CNCB.VI	247,685	61.8	5.5	0.5	Vienna
Canadian Imperial Bank of Commerce	CM	65,795	-18.3	11.6	1.5	New York Stock Exchange
Canadian Imperial Bank of Commerce	CM.TO	65,832	-6.5	12.0	1.5	Toronto Stock Exchange
Doha Bank Q.P.S.C.	DHBK.QA	2,146	34.1	8.9	0.5	Qatar
EFG International AG	EFGN.SW	5,262	61.7	13.8	1.8	Swiss Exchange
FirstRand Limited	FSR.JO	232	4.6	10.1	2.0	Johannesburg
Agricultural Bank of China Limited	EK7.VI	283,595	29.2	8.1	0.7	Vienna
East West Bancorp, Inc.	EWBC	13,732	7.8	11.7	1.7	NASDAQ Global Select
HSBC Holdings plc	HSBA.L	211,357	9.7	10.3	1.1	London Stock Exchange
HSBC Holdings plc	HBC1.DE	214,267	-509.1	10.4	1.1	Frankfurt Stock Exchange
HSBC Holdings plc	HSBC	212,400	15.7	10.4	1.1	New York Stock Exchange
ING Groep N.V.	INGA.AS	64,856	-3.6	9.1	1.1	Amsterdam
ING Groep N.V.	INN1.DE	64,898	-3.7	9.1	1.1	Frankfurt Stock Exchange
Industrial and Commercial Bank of China Limited	ICK.VI	351,345	79.5	5.8	0.5	Vienna
JPMorgan Chase & Co.	JPM-PK	53,247	2.4	13.3	2.3	New York Stock Exchange
JPMorgan Chase & Co.	JPM.NE	759,989	0.0	1.3	0.2	NEO
JPMorgan Chase & Co.	JPM-PL	54,146	2.4	13.3	2.3	New York Stock Exchange
JPMorgan Chase & Co.	JPM-PJ	55,832	2.4	13.3	2.3	New York Stock Exchange
JPMorgan Chase & Co.	JPM	782,175	2.4	13.3	2.3	New York Stock Exchange
ING Groep N.V.	ING	65,259	-3.6	9.1	1.1	New York Stock Exchange
JPMorgan Chase & Co.	JPM-PD	742,735	2.4	13.3	2.3	New York Stock Exchange
JPMorgan Chase & Co.	JPM-PC	743,961	2.4	13.3	2.3	New York Stock Exchange
JPMorgan Chase & Co.	JPM-PM	50,135	2.4	13.3	2.3	New York Stock Exchange
National Bank of Canada	NA.TO	39,213	3.0	12.0	1.8	Toronto Stock Exchange
National Australia Bank Limited	NAB.AX	79,017	-13.2	17.7	2.0	Australian Securities Exchange
National Bank of Canada	NA-PC.TO	19,386	0.0	2.3	0.3	Toronto Stock Exchange
National Bank of Canada	NA-PE.TO	19,850	0.0	2.2	0.3	Toronto Stock Exchange
Mitsubishi UFJ Financial Group, Inc.	MUFG	158,502	16.7	13.1	1.2	New York Stock Exchange
NatWest Group plc	NWG.L	55,450	75.2	8.3	1.0	London Stock Exchange
The Bank of N.T. Butterfield & Son Limited	NTB	1,842	14.0	8.7	1.8	New York Stock Exchange
Wells Fargo & Company	NWT.DE	255,075	0.0	12.9	1.4	Frankfurt Stock Exchange
NatWest Group plc	NWG	28,359	67.7	4.3	0.5	New York Stock Exchange
Nu Holdings Ltd.	NU	64,546	25.5	30.1	7.5	New York Stock Exchange
Bank of America Corporation	NCB.DE	351,634	18.0	12.9	1.2	Frankfurt Stock Exchange
Royal Bank of Canada	RY	181,031	-16.3	13.7	1.9	New York Stock Exchange
Banco Santander, S.A.	SAN	122,899	14.5	8.9	1.1	New York Stock Exchange
Qatar National Bank (Q.P.S.C.)	QNBK.QA	43,438	68.9	9.2	1.4	Qatar
Banco Santander, S.A.	SAN.MC	122,099	7.4	8.4	1.1	Madrid Stock Exchange
Standard Chartered PLC	STAN.L	37,513	3.9	9.2	0.7	London Stock Exchange
Svenska Handelsbanken AB (publ)	SHB-B.ST	26,487	0.0	9.2	1.4	Stockholm Stock Exchange
Banco de Sabadell, S.A.	SAB.MC	16,464	8.3	8.4	1.0	Madrid Stock Exchange
Svenska Handelsbanken AB (publ)	SHB-A.ST	25,676	0.0	9.2	1.4	Stockholm Stock Exchange
Royal Bank of Canada	RY.TO	181,112	-4.5	14.0	1.9	Toronto Stock Exchange
Banco Santander, S.A.	SAN.WA	119,513	14.5	8.8	1.1	Warsaw Stock Exchange
Sumitomo Mitsui Financial Group, Inc.	SMFG	97,722	27.2	7.2	0.6	New York Stock Exchange
UBS Group AG	UBSG.SW	102,820	-0.0	20.4	1.2	Swiss Exchange
Citigroup Inc.	TRVC.DE	152,025	-10.6	11.4	0.7	Frankfurt Stock Exchange
Banco de Valores S.A.	VALO.BA	245	-47.1	13.9	2.0	Buenos Aires
UBS Group AG	UBS	102,331	-0.0	20.3	1.2	New York Stock Exchange
The Toronto-Dominion Bank	TD	125,833	-14.2	9.9	1.4	New York Stock Exchange
The Toronto-Dominion Bank	TD.TO	125,908	-14.2	9.9	1.4	Toronto Stock Exchange
VP Bank AG	VPBN.SW	601	58.5	26.5	0.4	Swiss Exchange
Wells Fargo & Company	WFC-PZ	62,733	3.9	12.8	1.4	New York Stock Exchange
Westpac Banking Corporation	WBC.NZ	75,845	44.3	18.0	1.8	NZSE
ANZ Group Holdings Limited	X5Z.F	54,517	0.0	12.8	1.2	Frankfurt Stock Exchange
Wells Fargo & Company	WFC-PC	242,667	3.9	12.8	1.4	New York Stock Exchange
Wells Fargo & Company	WFC-PL	237,409	3.9	12.8	1.4	New York Stock Exchange
Westpac Banking Corporation	WBCPL.AX	232,617	-5.0	17.0	1.7	Australian Securities Exchange
Wells Fargo & Company	WFC	254,851	3.9	12.8	1.4	New York Stock Exchange
Wells Fargo & Company	WFC-PA	61,010	3.9	12.8	1.4	New York Stock Exchange
Wells Fargo & Company	WFC-PD	55,563	3.9	12.8	1.4	New York Stock Exchange
ANZ Group Holdings Limited	AN3PI.AX	199,638	20.9	13.3	1.2	Australian Securities Exchange
Wells Fargo & Company	WFC-PY	187,880	3.9	12.8	1.4	New York Stock Exchange
ANZ Group Holdings Limited	AN3PJ.AX	199,111	0.0	0.0	0.0	Australian Securities Exchange
The Toronto-Dominion Bank	TD-PFI.TO	121,779	-14.2	9.9	1.4	Toronto Stock Exchange
Westpac Banking Corporation	WBC.AX	76,237	-5.0	17.0	1.7	Australian Securities Exchange