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	3.1	12.8	1.7
TORM plc	1.2	3.6	0.8
Mediana / TORM plc	2.7	3.6	2.2

---

Pozostałe spółki z branży Oil & Gas Midstream

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
Enterprise Products Partners L.P.	0S23.L	69,557	3.9	12.0	2.4	London Stock Exchange
Zhuhai Winbase International Chemical Tank Terminal Co.,Ltd	002492.SZ	340	25.1	40.0	1.4	Shenzhen
Sinopec Kantons Holdings Limited	0934.HK	1,460	37.4	9.7	0.7	HKSE
Shaanxi Provincial Natural Gas Co.,Ltd	002267.SZ	1,234	6.7	12.8	1.3	Shenzhen
Kinder Morgan, Inc.	2KD.DE	64,934	4.8	25.1	2.1	Frankfurt Stock Exchange
Anhui Province Natural Gas DevelopmentCo.,Ltd.	603689.SS	561	5.1	12.3	1.2	Shanghai
China Merchants Energy Shipping Co., Ltd.	601872.SS	7,382	4.4	11.3	1.3	Shanghai
Shanxi Guoxin Energy Corporation Limited	600617.SS	705	-17.8	-15.0	1.2	Shanghai
Nanjing Tanker Corporation	601975.SS	1,879	7.9	8.8	1.2	Shanghai
Jiangxi Jovo Energy Co., Ltd	605090.SS	2,412	9.1	10.0	1.7	Shanghai
Nippon Concept Corporation	9386.T	187	7.7	15.6	1.4	Tokyo
Antero Midstream Corporation	AM	8,758	6.3	21.0	4.2	New York Stock Exchange
Brooge Energy Limited	BROG	238	-0.4	-5.0	4.4	NASDAQ Capital Market
Delek Logistics Partners, LP	DKL	2,328	5.8	15.6	23.9	New York Stock Exchange
DHT Holdings, Inc.	DHT	1,949	5.3	10.9	1.8	New York Stock Exchange
Cheniere Energy Partners, L.P.	CQP	27,944	6.2	11.3	0.0	American Stock Exchange
FLEX LNG Ltd.	FLNG.OL	1,312	-0.2	11.3	1.6	Oslo Stock Exchange
Fluxys Belgium SA	FLUX.BR	1,664	4.4	17.4	2.4	Brussels
Exmar NV	EXM.BR	765	3.0	4.2	1.3	Brussels
Frontline Ltd.	FRO.OL	4,241	0.9	8.6	1.8	Oslo Stock Exchange
Dynagas LNG Partners LP	DLNG	132	-1.1	2.6	0.3	New York Stock Exchange
Frontline Ltd.	FRO	4,397	1.0	8.9	1.9	New York Stock Exchange
EnLink Midstream, LLC	ENLC	6,454	1.2	49.5	3.6	New York Stock Exchange
Dynagas LNG Partners LP	DLNG-PA	134	-1.1	2.6	0.3	New York Stock Exchange
Dynagas LNG Partners LP	DLNG-PB	922	-1.1	2.6	0.3	New York Stock Exchange
Enterprise Products Partners L.P.	EPD	69,470	3.9	12.0	2.4	New York Stock Exchange
FLEX LNG Ltd.	FLNG	1,331	-0.1	11.3	1.6	New York Stock Exchange
Enbridge Inc	ENB-PN.TO	100,498	2.0	21.9	2.0	Toronto Stock Exchange
Enbridge Inc.	ENB.TO	101,967	2.0	21.9	2.0	Toronto Stock Exchange
Enbridge Inc	ENB-PA.TO	101,501	2.0	21.9	2.0	Toronto Stock Exchange
DT Midstream, Inc.	DTM	10,798	8.1	29.5	2.3	New York Stock Exchange
Enbridge Inc.	ENB	101,710	2.0	21.7	2.0	New York Stock Exchange
Energy Transfer LP	ET	62,905	0.2	12.8	0.0	New York Stock Exchange
Enbridge Inc	ENB-PT.TO	100,485	2.0	21.9	2.0	Toronto Stock Exchange
GasLog Partners LP	GLOP-PA	406	1.3	10.3	1.0	New York Stock Exchange
Gibson Energy Inc.	GEI.TO	2,989	2.7	25.0	4.3	Toronto Stock Exchange
Golar LNG Limited	GLNG	4,420	22.9	88.9	2.2	NASDAQ Global Select
Global Partners LP	GLP-PB	876	-0.6	14.2	2.7	New York Stock Exchange
GasLog Partners LP	GLOP-PB	409	1.3	10.3	1.0	New York Stock Exchange
Global Partners LP	GLP	1,894	-0.6	14.2	2.7	New York Stock Exchange
Hess Midstream LP	HESM	8,310	4.1	17.5	0.0	New York Stock Exchange
GasLog Partners LP	GLOP-PC	412	1.3	10.3	1.0	New York Stock Exchange
Genesis Energy, L.P.	GEL	2,051	-2.0	-3.8	6.5	New York Stock Exchange
International Seaways, Inc.	INSW	1,969	3.0	6.1	1.1	New York Stock Exchange
Keyera Corp.	KEY.TO	7,198	4.9	20.1	3.4	Toronto Stock Exchange
Kinetik Holdings Inc.	KNTK	2,693	3.1	11.7	-1.0	NASDAQ Global Market
Kinder Morgan, Inc.	KMI	61,462	5.2	23.8	2.0	New York Stock Exchange
Martin Midstream Partners L.P.	MMLP	125	-3.9	-13.1	-1.7	NASDAQ Global Select
Dorian LPG Ltd.	LPG	1,069	2.7	6.6	1.0	New York Stock Exchange
Cheniere Energy, Inc.	LNG	52,860	7.2	17.2	9.5	New York Stock Exchange
Navigator Holdings Ltd.	NVGS	1,011	1.1	11.8	0.8	New York Stock Exchange
NGL Energy Partners LP	NGL-PB	533	-7.5	-2.7	3.5	New York Stock Exchange
NGL Energy Partners LP	NGL-PC	538	-7.5	-2.7	3.5	New York Stock Exchange
Plains GP Holdings, L.P.	PAGP	3,797	-1.6	26.2	2.8	NASDAQ Global Select
NGL Energy Partners LP	NGL	569	-7.5	-2.7	3.5	New York Stock Exchange
ONEOK, Inc.	OKE	52,310	3.0	16.9	2.4	New York Stock Exchange
Pembina Pipeline Corporation	PBA	22,342	5.2	15.7	1.7	New York Stock Exchange
Plains All American Pipeline, L.P.	PAA	12,695	1.7	13.4	1.3	NASDAQ Global Select
MPLX LP	MPLX	52,939	5.3	11.9	0.0	New York Stock Exchange
Prima Marine Public Company Limited	PRM.BK	421	1.9	6.6	1.2	Thailand
Pembina Pipeline Corporation	PPL-PA.TO	22,329	5.2	15.7	1.7	Toronto Stock Exchange
Prima Marine Public Company Limited	PRM-R.BK	421	1.9	6.6	1.2	Thailand
Pembina Pipeline Corporation	PPL-PC.TO	22,362	5.2	15.7	1.7	Toronto Stock Exchange
Pembina Pipeline Corporation	PPL.TO	22,400	5.2	15.7	1.7	Toronto Stock Exchange
Pembina Pipeline Corporation	PPL-PQ.TO	22,011	5.2	15.7	1.7	Toronto Stock Exchange
Scorpio Tankers Inc.	STNG	2,215	2.3	3.9	0.7	New York Stock Exchange
Seapeak LLC	SEAL-PB	2,211	-1.9	-37.3	0.0	New York Stock Exchange
Seapeak LLC	SEAL-PA	2,219	-1.9	-37.3	0.0	New York Stock Exchange
TORM plc	TRMD-A.CO	1,800	1.3	3.9	0.8	Copenhagen
Tidewater Midstream and Infrastructure Ltd.	TWM.TO	67	-4.2	-1.9	0.3	Toronto Stock Exchange
Transportadora de Gas del Norte S.A.	TGNO4.BA	230	1.8	31.5	1.6	Buenos Aires
Targa Resources Corp.	TRGP	37,931	5.4	29.1	15.5	New York Stock Exchange
TORM plc	TRMD	1,817	1.4	3.9	0.8	NASDAQ Global Select
Teekay Corporation	TK	752	2.9	5.8	1.1	New York Stock Exchange
Teekay Tankers Ltd.	TNK	1,641	5.3	4.9	0.9	New York Stock Exchange
TC Energy Corporation	TRP.TO	51,694	0.9	15.6	2.5	Toronto Stock Exchange
TC Energy Corporation	TRP	51,518	0.9	15.6	2.5	New York Stock Exchange
Tsakos Energy Navigation Limited	TEN	594	-1.1	3.3	0.3	New York Stock Exchange
Topaz Energy Corp.	TPZ.TO	2,987	11.6	77.6	3.2	Toronto Stock Exchange
Koninklijke Vopak N.V.	VPK.AS	5,563	3.3	12.8	1.6	Amsterdam
The Williams Companies, Inc.	WMB.DE	73,846	8.4	33.3	6.0	Frankfurt Stock Exchange
Energy Transfer LP	ET-PI	39,019	0.2	12.8	0.0	New York Stock Exchange
Enbridge Inc.	ENB-PFA.TO	32,627	2.0	21.9	2.0	Toronto Stock Exchange
The Williams Companies, Inc.	WMB	72,992	7.7	31.9	5.8	New York Stock Exchange
Western Midstream Partners, LP	WES	14,803	3.8	11.3	0.0	New York Stock Exchange
Friedrich Vorwerk Group SE	VH2.F	1,359	18.0	33.2	5.8	Frankfurt Stock Exchange
Viper Energy Partners LP	VNOM	9,308	10.2	13.2	1.9	NASDAQ Global Select
Friedrich Vorwerk Group SE	VH2.DE	1,372	18.0	33.2	5.8	Frankfurt Stock Exchange