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	2.9
Sanofi	10.9	9.9	0.8
Mediana / Sanofi	1.1	2.5	3.5

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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	427	75.6	99.6	4.2	Shenzhen
Hubei Guangji Pharmaceutical Co., Ltd.	000952.SZ	297	-7.3	-7.6	2.1	Shenzhen
Daewoong Co., Ltd.	003090.KS	699	2.0	16.1	0.9	KSE
Oscotec Inc.	039200.KQ	786	580.4	1,261.1	8.7	KOSDAQ
PharmGen Science, Inc.	004720.KS	60	2.4	28.8	0.3	KSE
Zhejiang Zhenyuan Share Co., Ltd.	000705.SZ	392	29.7	54.5	1.4	Shenzhen
Roche Holding AG	0QQ6.L	262,404	11.0	25.2	6.6	London Stock Exchange
Sichuan Kelun Pharmaceutical Co., Ltd.	002422.SZ	8,101	15.2	24.5	2.4	Shenzhen
Yifan Pharmaceutical Co., Ltd.	002019.SZ	2,261	22.5	35.1	1.6	Shenzhen
Zhejiang Int'l Group Co.,Ltd.	000411.SZ	750	2.4	10.4	1.1	Shenzhen
CSPC Pharmaceutical Group Limited	1093.HK	11,659	13.4	18.5	2.6	HKSE
Boai NKY Medical Holdings Ltd.	300109.SZ	1,122	23.8	25.7	2.1	Shenzhen
Luye Pharma Group Ltd.	2186.HK	1,763	4.0	26.5	0.9	HKSE
Zhejiang Wolwo Bio-Pharmaceutical Co., Ltd.	300357.SZ	1,483	31.3	33.7	4.4	Shenzhen
Chongqing Lummy Pharmaceutical Co., Ltd.	300006.SZ	548	-73.7	-40.4	2.1	Shenzhen
Tong Ren Tang Technologies Co. Ltd.	1666.HK	803	6.4	10.9	0.8	HKSE
AbbVie Inc.	4AB.DE	329,454	15.4	77.7	229.4	Frankfurt Stock Exchange
Ono Pharmaceutical Co., Ltd.	4528.T	5,071	9.0	14.4	0.9	Tokyo
JCR Pharmaceuticals Co., Ltd.	4552.T	436	-11.7	-13.5	1.4	Tokyo
GuangYuYuan Chinese Herbal Medicine Co., Ltd.	600771.SS	1,377	102.4	101.6	6.0	Shanghai
Santen Pharmaceutical Co., Ltd.	4536.T	3,962	9.8	15.8	2.0	Tokyo
Aurora Optoelectronics Co.,Ltd.	600666.SS	1,149	-197.2	-48.3	9.5	Shanghai
Shanghai Shenqi Pharmaceutical Investment Management Co., Ltd.	600613.SS	459	36.0	50.9	1.3	Shanghai
Kyowa Kirin Co., Ltd.	4151.T	8,987	14.1	25.2	1.6	Tokyo
Chugai Pharmaceutical Co., Ltd.	4519.T	85,717	21.2	30.2	6.5	Tokyo
Shangya Technology Co., Ltd.	6130.TWO	53	-2,893.8	-48.7	2.6	Taipei Exchange
Hangzhou TianMuShan Pharmaceutical Enterprise Co.,Ltd	600671.SS	227	30.8	53.8	28.1	Shanghai
Zhejiang CONBA Pharmaceutical Co.,Ltd.	600572.SS	1,579	14.2	18.4	1.6	Shanghai
NanJing Pharmaceutical Company Limited	600713.SS	939	-0.8	11.6	1.0	Shanghai
Astellas Pharma Inc.	4503.T	17,209	4.2	48.6	1.6	Tokyo
Jiangsu Hengrui Medicine Co., Ltd.	600276.SS	46,101	44.0	47.3	6.9	Shanghai
Otsuka Holdings Co., Ltd.	4578.T	25,459	7.2	10.8	1.4	Tokyo
Daiichi Sankyo Company, Limited	4568.T	43,096	16.8	21.4	3.9	Tokyo
Tonghua Dongbao Pharmaceutical Co., Ltd.	600867.SS	2,091	387.6	-94.6	2.2	Shanghai
Zhangzhou Pientzehuang Pharmaceutical., Ltd	600436.SS	16,865	33.9	40.1	7.9	Shanghai
AbbVie Inc.	ABBV	328,285	16.1	78.2	231.0	New York Stock Exchange
AbbVie Inc.	ABBV.BA	33,003	-2.1	7.9	23.3	Buenos Aires
Abbott India Limited	ABBOTINDIA.BO	7,855	34.2	47.4	15.8	Bombay Stock Exchange
Merck & Co., Inc.	6MK.DE	202,634	6.7	11.6	4.2	Frankfurt Stock Exchange
Abbott India Limited	ABBOTINDIA.NS	7,851	34.2	47.4	15.8	National Stock Exchange of India
AstraZeneca PLC	AZN.ST	219,299	12.0	28.2	5.3	Stockholm Stock Exchange
Bayer Aktiengesellschaft	BAYN.DE	29,987	-1.2	-8.0	0.8	Frankfurt Stock Exchange
AstraZeneca PLC	AZN.L	218,517	10.8	28.1	5.3	London Stock Exchange
Bayer Aktiengesellschaft	BAYN.SG	29,992	-1.0	-10.2	0.8	Stuttgart
Amgen Inc.	AMGN	150,154	8.1	25.2	24.1	NASDAQ Global Select
Amgen Inc.	AMG.DE	149,526	8.7	35.4	24.0	Frankfurt Stock Exchange
AstraZeneca PLC	AZN	438,921	23.2	56.3	10.7	NASDAQ Global Select
Bristol-Myers Squibb Company	BRM.DE	95,921	3.4	17.6	5.5	Frankfurt Stock Exchange
Bristol-Myers Squibb Company Ce	CELG-RI	86,413	3.4	17.6	5.5	New York Stock Exchange
Bristol-Myers Squibb Company	BMY	95,374	3.4	17.6	5.5	New York Stock Exchange
Bayer AG	BAY.WA	30,596	-0.9	-10.3	0.8	Warsaw Stock Exchange
Biogen Inc.	BIIB	18,596	5.4	12.5	1.1	NASDAQ Global Select
Cipla Limited	CIPLA.NS	14,192	15.9	23.0	3.9	National Stock Exchange of India
Cipla Limited	CIPLA.BO	14,208	15.9	23.0	3.9	Bombay Stock Exchange
Cosmo Pharmaceuticals N.V.	COPN.SW	1,145	10.2	14.2	2.0	Swiss Exchange
EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.	ECILC.IS	755	9.9	31.1	0.7	Istanbul Stock Exchange
Gilead Sciences, Inc.	GIS.DE	133,361	13.9	28.7	6.9	Frankfurt Stock Exchange
Grifols, S.A.	GRF.MC	6,904	-2.0	43.2	1.2	Madrid Stock Exchange
GSK plc	GSK.L	77,847	5.2	18.3	4.1	London Stock Exchange
Haw Par Corporation Limited	H02.SI	2,056	45.1	11.1	0.6	Stock Exchange of Singapore
Gland Pharma Limited	GLAND.NS	3,413	21.9	41.9	3.2	National Stock Exchange of India
Gilead Sciences, Inc.	GILD	133,461	11.0	22.4	7.0	NASDAQ Global Select
GlaxoSmithKline Pharmaceuticals Limited	GLAXO.BO	6,406	45.1	59.5	28.3	Bombay Stock Exchange
Gland Pharma Limited	GLAND.BO	3,414	21.9	41.9	3.2	Bombay Stock Exchange
GlaxoSmithKline Pharmaceuticals Limited	GLAXO.NS	6,404	45.1	59.5	28.3	National Stock Exchange of India
Biogen Inc.	IDP.DE	18,699	5.4	12.5	1.1	Frankfurt Stock Exchange
Grifols, S.A.	GRFS	7,208	-2.0	26.1	0.9	NASDAQ Global Select
GSK plc	GSK	79,416	7.6	18.4	4.1	New York Stock Exchange
Johnson & Johnson	JNJ.DE	367,625	9.7	16.7	4.7	Frankfurt Stock Exchange
PT Kalbe Farma Tbk.	KLBF.JK	4,122	14.5	19.9	2.8	Jakarta Stock Exchange
Johnson & Johnson	JNJ	366,431	10.2	16.8	4.7	New York Stock Exchange
Kopran Limited	KOPRAN.BO	103	10.4	23.0	1.7	Bombay Stock Exchange
Kopran Limited	KOPRAN.NS	103	10.4	23.0	1.7	National Stock Exchange of India
Eli Lilly and Company	LLY.DE	740,557	41.6	62.2	43.8	Frankfurt Stock Exchange
Eli Lilly and Company	LLY	734,183	43.1	63.0	44.4	New York Stock Exchange
Mayne Pharma Group Limited	MYX.AX	264	8.7	-3.9	1.1	Australian Securities Exchange
Marksans Pharma Limited	MARKSANS.NS	1,304	19.8	29.2	4.5	National Stock Exchange of India
Marksans Pharma Limited	MARKSANS.BO	1,308	19.8	29.2	4.5	Bombay Stock Exchange
Orion Oyj	ORNAV.HE	10,227	19.6	25.5	8.3	Helsinki
Novartis AG	NOVN.SW	225,985	9.2	18.1	6.1	Swiss Exchange
Orion Oyj	ORNBV.HE	10,314	19.6	25.5	8.3	Helsinki
Pfizer Inc.	PFE.F	138,829	4.5	17.5	1.5	Frankfurt Stock Exchange
Pfizer Inc.	PFE.DE	138,829	7.3	17.5	1.6	Frankfurt Stock Exchange
Pfizer Inc.	PFE.BA	139,249	4.6	2.2	0.2	Buenos Aires
Merck & Co., Inc.	MRK	200,795	6.4	11.7	4.2	New York Stock Exchange
Pfizer Inc.	PFE	138,154	4.5	17.5	1.5	New York Stock Exchange
Organon & Co.	OGN	2,589	-3.9	3.4	4.7	New York Stock Exchange
Novartis AG	NVS	235,055	9.6	18.2	6.1	New York Stock Exchange
NGL Fine-Chem Limited	NGLFINE.NS	74	15.1	30.1	2.2	National Stock Exchange of India
NGL Fine-Chem Limited	NGLFINE.BO	73	15.1	30.1	2.2	Bombay Stock Exchange
Pfizer Limited	PFIZER.BO	2,956	34.3	33.3	6.1	Bombay Stock Exchange
Pfizer Inc.	PFE.NE	138,841	4.6	17.2	1.5	Cboe CA
Pfizer Limited	PFIZER.NS	2,954	34.3	33.3	6.1	National Stock Exchange of India
Roche Holding AG	ROG.SW	261,428	11.0	25.2	6.6	Swiss Exchange
Roche Holding AG	RO.SW	262,875	11.0	25.2	6.6	Swiss Exchange
Recordati Industria Chimica e Farmaceutica S.p.A.	REC.MI	13,006	14.4	26.9	6.0	Milan
Dimed S.A. Distribuidora de Medicamentos	PNVL3.SA	256	0.5	13.1	1.1	São Paulo
Sanofi	SAN.PA	124,783	8.8	16.4	1.4	Paris
Sanofi	SNW.DE	118,579	8.8	16.4	1.4	Frankfurt Stock Exchange
SMS Pharmaceuticals Limited	SMSPHARMA.NS	234	11.9	28.9	3.1	National Stock Exchange of India
Sanofi	SNY	118,814	10.4	9.5	0.8	NASDAQ Global Select
Sanofi India Limited	SANOFI.NS	1,632	25.7	33.9	16.3	National Stock Exchange of India
SMS Pharmaceuticals Limited	SMSPHARMA.BO	234	11.9	28.9	3.1	Bombay Stock Exchange
Sanofi India Limited	SANOFI.BO	1,631	25.7	33.9	16.3	Bombay Stock Exchange
TTK Healthcare Limited	TTKHLTCARE.NS	211	20.5	22.3	1.7	National Stock Exchange of India
AstraZeneca PLC	ZEG.DE	220,158	12.0	28.1	5.3	Frankfurt Stock Exchange
Virbac SA	VIRP.PA	3,214	9.0	18.7	2.6	Paris