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	5.1	8.5	0.9
SunCoke Energy, Inc.	1.5	7.6	1.0
Mediana / SunCoke Energy, Inc.	3.4	1.1	0.9

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Pozostałe spółki z branży Coal

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
Inner Mongolia Dian Tou Energy Corporation Limited	002128.SZ	6,114	5.5	8.7	1.2	Shenzhen
Gansu Jingyuan Coal Industry & Electricity Power Co., Ltd	000552.SZ	1,821	8.0	18.1	0.8	Shenzhen
China Qinfa Group Limited	0866.HK	507	3.3	7.8	2.0	HKSE
Shougang Fushan Resources Group Limited	0639.HK	1,751	6.9	9.0	0.8	HKSE
Shandong Jinling Mining Co., Ltd.	000655.SZ	584	64.7	18.1	1.2	Shenzhen
Jizhong Energy Resources Co., Ltd.	000937.SZ	2,814	4.6	24.6	0.9	Shenzhen
Shanxi Blue Flame Holding Company Limited	000968.SZ	1,001	8.2	15.0	1.1	Shenzhen
Mongolian Mining Corporation	0975.HK	811	1.5	3.5	0.7	HKSE
Henan Shenhuo Coal & Power Co.,Ltd	000933.SZ	5,160	4.2	9.1	1.6	Shenzhen
Shanxi Coking Coal Energy Group Co.,Ltd.	000983.SZ	5,035	2.9	12.6	1.0	Shenzhen
Perennial Energy Holdings Limited	2798.HK	151	0.1	2.5	0.3	HKSE
China Shenhua Energy Company Limited	1088.HK	104,448	10.3	11.3	1.4	HKSE
Nippon Coke & Engineering Company, Limited	3315.T	167	8.7	-1.7	0.6	Tokyo
Kinetic Development Group Limited	1277.HK	1,214	2.4	3.4	1.1	HKSE
Huili Resources (Group) Limited	1303.HK	70	4.3	2.3	0.4	HKSE
Yankuang Energy Group Company Limited	1171.HK	14,153	1.2	5.1	0.8	HKSE
Yancoal Australia Ltd	3668.HK	5,038	3.9	6.1	0.8	HKSE
E-Commodities Holdings Limited	1733.HK	306	1.3	2.5	0.3	HKSE
Sumiseki Holdings,Inc.	1514.T	253	11.9	8.6	1.3	Tokyo
SouthGobi Resources Ltd.	1878.HK	75	-0.7	0.8	-1.6	HKSE
Mitsui Matsushima Holdings Co., Ltd.	1518.T	384	2.3	6.4	0.9	Tokyo
China Coal Energy Company Limited	1898.HK	18,762	4.1	6.3	0.7	HKSE
Jinneng Holding Shanxi Coal Industry Co.,ltd.	601001.SS	2,789	6.5	7.7	1.0	Shanghai
Shanxi Antai Group Co.,Ltd	600408.SS	288	-16.2	-7.2	1.3	Shanghai
Anyuan Coal Industry Group Co., Ltd.	600397.SS	853	-29.0	-20.4	51.4	Shanghai
Shanxi Lu'an Environmental Energy Development Co., Ltd.	601699.SS	4,534	10.4	17.0	0.7	Shanghai
Henan Dayou Energy Co., Ltd	600403.SS	1,254	-11.0	-7.9	1.7	Shanghai
Wintime Energy Co.,Ltd.	600157.SS	4,144	3.1	26.2	0.6	Shanghai
China Coal Xinji Energy Co.,Ltd	601918.SS	2,326	0.3	7.1	1.0	Shanghai
Shaanxi Coal Industry Company Limited	601225.SS	27,998	4.3	8.2	1.9	Shanghai
Yankuang Energy Group Company Limited	600188.SS	14,252	1.6	8.7	1.4	Shanghai
Baotailong New Materials Co., Ltd.	601011.SS	697	-8.0	-11.3	0.9	Shanghai
Qinghai Spring Medicinal Resources Technology Co., Ltd.	600381.SS	362	-16.8	-16.0	2.5	Shanghai
Kailuan Energy Chemical Co.,Ltd.	600997.SS	1,289	10.6	14.5	0.7	Shanghai
Beijing Haohua Energy Resource Co., Ltd.	601101.SS	1,462	4.2	12.2	0.9	Shanghai
Shanxi Lanhua Sci-Tech Venture Co.,Ltd	600123.SS	1,323	11.1	15.3	0.6	Shanghai
China Shenhua Energy Company Limited	601088.SS	107,356	10.0	14.5	1.8	Shanghai
Pingdingshan Tianan Coal. Mining Co., Ltd.	601666.SS	2,428	-2.1	10.2	0.7	Shanghai
Zhengzhou Coal Industry & Electric Power Co., Ltd.	600121.SS	654	8.3	24.7	2.5	Shanghai
Shanghai Datun Energy Resources Co., Ltd.	600508.SS	1,162	8.9	16.7	0.7	Shanghai
Yunnan Coal & Energy Co.,Ltd.	600792.SS	545	-7.3	-6.3	1.4	Shanghai
Shanxi Coking Co., Ltd.	600740.SS	1,300	-103.9	72.9	0.6	Shanghai
Anhui Hengyuan Coal-Electricity Group Co., Ltd.	600971.SS	1,089	12.0	11.6	0.6	Shanghai
Shan Xi Huayang Group New Energy Co.,Ltd.	600348.SS	3,401	2.6	12.0	0.7	Shanghai
Guizhou Panjiang Refined Coal Co.,Ltd.	600395.SS	1,359	-19.7	-445.7	0.9	Shanghai
China Coal Energy Company Limited	601898.SS	18,556	4.0	8.5	0.9	Shanghai
PT Adaro Energy Indonesia Tbk	ADRO.JK	3,236	9.1	3.0	0.7	Jakarta Stock Exchange
Adani Enterprises Limited	ADANIENT.BO	33,976	14.7	41.5	5.9	Bombay Stock Exchange
PT ABM Investama Tbk	ABMM.JK	501	-1.2	4.6	0.6	Jakarta Stock Exchange
Adani Enterprises Limited	ADANIENT.NS	34,048	14.7	41.5	5.9	National Stock Exchange of India
Henan Jinma Energy Company Limited	6885.HK	72	-204.3	-1.5	0.2	HKSE
PT Adaro Minerals Indonesia Tbk	ADMR.JK	2,498	5.5	6.6	1.7	Jakarta Stock Exchange
American Resources Corporation	AREC	68	5.8	-1.7	-0.8	NASDAQ Capital Market
Arch Resources, Inc.	ARCH	2,442	6.6	13.6	1.7	New York Stock Exchange
Banpu Public Company Limited	BANPU-R.BK	1,310	-3.3	-15.8	0.4	Thailand
Aspire Mining Limited	AKM.AX	89	33.8	13.6	2.0	Australian Securities Exchange
PT Atlas Resources Tbk	ARII.JK	60	0.0	4.1	0.8	Jakarta Stock Exchange
Banpu Public Company Limited	BANPU.BK	1,304	-3.3	-15.8	0.4	Thailand
Alliance Resource Partners, L.P.	ARLP	3,308	4.9	11.8	1.6	NASDAQ Global Select
Alpha Metallurgical Resources, Inc.	AMR	1,356	8.8	51.1	0.8	New York Stock Exchange
CONSOL Energy Inc.	CEIX	2,474	4.7	36.7	1.1	New York Stock Exchange
Peabody Energy Corporation	BTU	1,568	2.4	4.3	0.4	New York Stock Exchange
PT Bayan Resources Tbk	BYAN.JK	40,330	33.4	43.6	16.7	Jakarta Stock Exchange
Bathurst Resources Limited	BRL.AX	122	29.3	4.4	0.5	Australian Securities Exchange
Belon Joint Stock Company	BLNG.ME	210	1,329.8	-24.1	3.1	Moscow Stock Exchange
PT Bumi Resources Tbk	BUMI.JK	2,564	21.0	121.5	1.6	Jakarta Stock Exchange
PT Baramulti Suksessarana Tbk	BSSR.JK	622	4.8	5.7	2.2	Jakarta Stock Exchange
Banpu Public Company Limited	BPFG.F	1,298	-3.3	-14.3	0.4	Frankfurt Stock Exchange
Colonial Coal International Corp.	CAD.V	186	-32.1	-31.3	12.0	Toronto Stock Exchange Ventures
PT Dian Swastatika Sentosa Tbk	DSSA.JK	21,331	26.0	67.1	12.9	Jakarta Stock Exchange
Coal India Limited	COALINDIA.BO	28,132	5.1	6.9	2.5	Bombay Stock Exchange
PT Darma Henwa Tbk	DEWA.JK	236	7.4	93.2	1.5	Jakarta Stock Exchange
Coronado Global Resources Inc.	CRN.AX	142	-0.4	-1.0	0.1	Australian Securities Exchange
PT Delta Dunia Makmur Tbk	DOID.JK	187	-42.4	-3.1	1.0	Jakarta Stock Exchange
Coal India Limited	COALINDIA.NS	28,125	5.1	6.9	2.5	National Stock Exchange of India
PT Dwi Guna Laksana Tbk	DWGL.JK	123	10.7	19.8	6.3	Jakarta Stock Exchange
GreenX Metals Limited	GRX.WA	135	-54.0	-43.4	13.0	Warsaw Stock Exchange
PT Golden Energy Mines Tbk	GEMS.JK	3,289	5.1	6.9	5.0	Jakarta Stock Exchange
Gujarat Mineral Development Corporation Limited	GMDCLTD.BO	1,498	15.9	18.9	2.0	Bombay Stock Exchange
HMS Bergbau AG	HMU.DE	174	7.0	11.3	3.1	Frankfurt Stock Exchange
Gujarat Mineral Development Corporation Limited	GMDCLTD.NS	1,499	15.9	18.9	2.0	National Stock Exchange of India
Hallador Energy Company	HNRG	635	-4.3	-3.0	5.5	NASDAQ Capital Market
PT Harum Energy Tbk	HRUM.JK	643	2.4	11.0	0.7	Jakarta Stock Exchange
GreenX Metals Limited	GRX.L	129	-50.6	-42.1	14.2	London Stock Exchange
Warrior Met Coal, Inc.	HCC	2,237	11.5	21.2	1.1	New York Stock Exchange
Jastrzebska Spólka Weglowa S.A.	JSW.WA	683	-0.1	-0.3	0.3	Warsaw Stock Exchange
Lanna Resources Public Company Limited	LANNA.BK	250	1.3	4.9	0.9	Thailand
PT Resource Alam Indonesia Tbk	KKGI.JK	115	4.5	4.6	0.7	Jakarta Stock Exchange
PT. Indika Energy Tbk	INDY.JK	426	-1.1	-60.9	0.4	Jakarta Stock Exchange
PT Indo Tambangraya Megah Tbk	ITMG.JK	1,528	5.0	4.1	0.8	Jakarta Stock Exchange
Lubelski Wegiel Bogdanka S.A.	LWB.WA	215	-1.4	-0.6	0.3	Warsaw Stock Exchange
Ramaco Resources, Inc.	METC	572	6.8	-2,025.2	1.7	NASDAQ Global Select
Ramaco Resources, Inc. - 9.00%	METCL	581	6.8	-2,025.2	1.7	NASDAQ Global Select
Ramaco Resources, Inc.	METCB	592	7.3	-1,253.6	1.0	NASDAQ Global Select
PT Samindo Resources Tbk	MYOH.JK	236	9.6	12.4	1.4	Jakarta Stock Exchange
PT Prima Andalan Mandiri Tbk	MCOL.JK	1,006	8.4	11.7	1.8	Jakarta Stock Exchange
PT Mitrabara Adiperdana Tbk	MBAP.JK	125	10.5	7.6	0.7	Jakarta Stock Exchange
NACCO Industries, Inc.	NC	309	7.2	8.9	0.7	New York Stock Exchange
Natural Resource Partners L.P.	NRP	1,241	5.7	42.6	2,096.1	New York Stock Exchange
New Hope Corporation Limited	NHC.AX	2,118	3.6	5.9	1.3	Australian Securities Exchange
PT RMK Energy Tbk	RMKE.JK	136	4.3	7.5	1.3	Jakarta Stock Exchange
Geo Energy Resources Limited	RE4.SI	365	4.0	10.7	0.9	Stock Exchange of Singapore
Public Joint Stock Company Raspadskaya	RASP.ME	1,891	6.3	-11.0	1.3	Moscow Stock Exchange
Refex Industries Limited	REFEX.NS	708	25.1	40.3	5.3	National Stock Exchange of India
Refex Industries Limited	REFEX.BO	707	25.1	40.3	5.3	Bombay Stock Exchange
PT Bukit Asam Tbk	PTBA.JK	1,696	4.1	5.9	1.2	Jakarta Stock Exchange
PT Golden Eagle Energy Tbk	SMMT.JK	178	21.3	127.2	49,147.9	Jakarta Stock Exchange
Washington H. Soul Pattinson and Company Limited	SOL.AX	9,934	23.0	26.5	1.5	Australian Securities Exchange
PT Sumber Global Energy Tbk	SGER.JK	309	4.7	9.8	2.3	Jakarta Stock Exchange
Stanmore Resources Limited	SMR.AX	1,126	0.8	3.9	0.6	Australian Securities Exchange
Thungela Resources Limited	TGA.L	655	3.3	3.6	0.5	London Stock Exchange
Southern Kuzbass Coal company Public joint-stock company	UKUZ.ME	421	246.0	-3.6	-1.1	Moscow Stock Exchange
PT Ulima Nitra Tbk	UNIQ.JK	75	8.8	17.9	2.7	Jakarta Stock Exchange
PT TBS Energi Utama Tbk	TOBA.JK	364	1.0	13.1	1.0	Jakarta Stock Exchange
SunCoke Energy, Inc.	SXC	678	1.4	7.3	1.0	New York Stock Exchange
Yancoal Australia Ltd	YAL.AX	5,009	4.1	6.3	0.8	Australian Securities Exchange
Whitehaven Coal Limited	WHC.AX	3,024	1.4	25.3	0.8	Australian Securities Exchange