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	-	-	-
Titanium Transportation Group Inc.	-	-	-
Mediana / Titanium Transportation Group Inc.	-	-	-

---

Pozostałe spółki z branży Integrated Freight & Logistics

Nazwa firmy	Symbol	Kapitalizacja (mln $)	EV/EBITDA	P/E	P/B	Giełda
S.F. Holding Co., Ltd.	002352.SZ	32,119	9.6	22.7	2.5	Shenzhen
Hyundai Glovis Co., Ltd.	086280.KS	7,432	3.9	8.5	1.1	KSE
Sebang Co., Ltd	004360.KS	217	2.3	4.4	0.3	KSE
Hubei Three Gorges Tourism Group Co., Ltd.	002627.SZ	519	24.3	31.0	1.2	Shenzhen
J.B. Hunt Transport Services, Inc.	0J71.L	15,251	8.7	27.4	4.0	London Stock Exchange
GDEX Berhad	0078.KL	197	19.7	-54.5	1.8	Kuala Lumpur
Kerry Logistics Network Limited	0636.HK	1,715	2.0	8.8	0.8	HKSE
Hansol Logistics Co., Ltd.	009180.KS	55	1.6	10.4	0.6	KSE
STO Express Co., Ltd.	002468.SZ	2,334	3.0	14.9	1.6	Shenzhen
YUNDA Holding Co., Ltd.	002120.SZ	2,725	5.4	10.8	0.9	Shenzhen
Shenzhen Prolto Supply Chain Management Co.,Ltd.	002769.SZ	445	-558.0	-105.3	2.8	Shenzhen
CJ Logistics Corporation	000120.KS	1,327	-1.3	7.7	0.5	KSE
Xinjiang Tianshun Supply Chain Co., Ltd.	002800.SZ	287	83.7	293.1	4.0	Shenzhen
Guangdong Jushen Logistics Co., Ltd.	001202.SZ	294	14.7	22.6	2.2	Shenzhen
Sinotrans Limited	0598.HK	4,851	6.4	6.9	0.7	HKSE
KCTC Co. Ltd	009070.KS	134	-1.5	8.7	0.6	KSE
CITIC Offshore Helicopter Co., Ltd.	000099.SZ	2,305	31.2	53.1	3.0	Shenzhen
Sebang Co., Ltd	004365.KS	248	2.3	4.4	0.3	KSE
Shenzhen Easttop Supply Chain Management Co., Ltd.	002889.SZ	779	19.1	21.8	1.7	Shenzhen
Dongbang Transport Logistics Co., Ltd.	004140.KS	105	-1.1	8.9	0.9	KSE
Hanjin Transportation Co., Ltd.	002320.KS	221	-5.7	-233.3	0.2	KSE
Hanjin Kal	18064K.KS	6,236	16.9	5.6	0.8	KSE
ZTO Express (Cayman) Inc.	2057.HK	14,070	7.6	10.9	1.6	HKSE
Hanjin Kal	180640.KS	5,813	15.7	17.4	2.5	KSE
Intergis Co., Ltd	129260.KS	60	0.2	4.7	0.3	KSE
Chinese Maritime Transport Ltd.	2612.TW	292	0.0	8.3	0.6	Taiwan
LC Logistics Inc	2490.HK	664	45.8	12.0	3.2	HKSE
J&T Global Express Ltd	1519.HK	9,056	18.6	84.9	3.0	HKSE
Changan Minsheng APLL Logistics Co., Ltd.	1292.HK	58	6.5	7.3	0.2	HKSE
Infinity Logistics and Transport Ventures Limited	1442.HK	87	2.6	12.4	1.0	HKSE
Soonest Express Co., Ltd.	2643.TWO	86	7.2	10.8	1.3	Taipei Exchange
Taiwan Pelican Express Co., Ltd.	2642.TW	87	6.9	-34.5	1.2	Taiwan
CN Logistics International Holdings Limited	2130.HK	132	6.1	31.7	2.0	HKSE
T3EX Global Holdings Corp.	2636.TW	339	4.6	7.6	1.0	Taiwan
SBS Holdings, Inc.	2384.T	850	1.4	20.9	1.4	Tokyo
FAR Intl Hldg Grp Co Ltd	2516.HK	81	1.4	8.4	0.8	HKSE
JD Logistics, Inc.	2618.HK	10,993	7.5	11.9	1.3	HKSE
Swift Haulage Berhad	5303.KL	84	-2.8	13.5	0.5	Kuala Lumpur
Hextar Technologies Solutions Berhad	5136.KL	571	-120.1	-115.8	30.6	Kuala Lumpur
CCS Supply Chain Management Co., Ltd.	600180.SS	670	7.1	-1,735.9	0.6	Shanghai
Antong Holdings Co., Ltd.	600179.SS	2,466	16.5	14.6	1.1	Shanghai
SAL Saudi Logistics Services Co	4263.SR	3,989	19.9	24.6	10.3	Saudi
YTO Express Group Co.,Ltd.	600233.SS	6,074	7.3	11.1	1.3	Shanghai
TASCO Bhd	5140.KL	94	2.2	15.1	0.6	Kuala Lumpur
Y.U.D.Yangtze River Investment Industry Co.,Ltd.	600119.SS	440	-42.5	-39.9	22.6	Shanghai
Sea & Land Integrated Corp.	5603.TWO	79	8.9	21.2	1.2	Taipei Exchange
Guangdong Yueyun Transportation Company Limited	3399.HK	159	-1.1	4.8	0.5	HKSE
Xiamen Xiangyu Co., Ltd.	600057.SS	2,722	2.5	14.2	0.8	Shanghai
YTO Express (International) Holdings Limited	6123.HK	56	-60.5	-10.9	0.4	HKSE
Worldgate Global Logistics Ltd	8292.HK	56	-32.6	-32.1	7.9	HKSE
Shanghai Zhonggu Logistics Co., Ltd.	603565.SS	2,847	6.7	10.2	1.8	Shanghai
Guangzhou Jiacheng International Logistics Co.,Ltd.	603535.SS	774	15.9	18.7	1.4	Shanghai
Sinotrans Limited	601598.SS	4,885	6.4	10.0	0.9	Shanghai
Eastern Air Logistics Co., Ltd.	601156.SS	2,935	4.8	8.0	1.2	Shanghai
Shanghai Shine-Link International Logistics Co., Ltd.	603648.SS	564	18.9	33.1	2.1	Shanghai
Jiayou International Logistics Co.,Ltd	603871.SS	2,019	9.3	8.3	1.8	Shanghai
Milkyway Chemical Supply Chain Service Co., Ltd.	603713.SS	1,178	4.8	14.8	2.0	Shanghai
Huaihe Energy (Group) Co.,Ltd	600575.SS	1,942	9.0	16.7	1.2	Shanghai
Bondex Supply Chain Management Co., Ltd.	603836.SS	396	20.1	64.1	1.5	Shanghai
China Master Logistics Co., Ltd.	603967.SS	536	8.8	14.8	1.6	Shanghai
CTS International Logistics Corporation Limited	603128.SS	1,140	12.6	16.6	1.3	Shanghai
Orient International Enterprise, Ltd.	600278.SS	872	22.6	31.6	0.9	Shanghai
CMST Development Co.,Ltd.	600787.SS	1,769	23.8	64.8	0.9	Shanghai
Aramex PJSC	ARMX.AE	1,084	4.4	35.4	1.6	Dubai
Asian Television Network International	ANI.BK	207	6.1	10.1	0.9	Thailand
Shinki Bus Co.,Ltd.	9083.T	148	4.2	8.7	0.4	Tokyo
Nippon Express Holdings,Inc.	9147.T	5,360	0.5	24.2	1.0	Tokyo
Nissin Corporation	9066.T	824	6.9	11.0	1.4	Tokyo
AIT Corporation	9381.T	297	11.4	14.1	2.3	Tokyo
NIKKON Holdings Co.,Ltd.	9072.T	2,707	8.5	24.1	1.7	Tokyo
The Shibusawa Warehouse Co., Ltd.	9304.T	401	5.1	11.8	0.9	Tokyo
NANSO Transport Co.,Ltd.	9034.T	86	2.7	9.4	0.6	Tokyo
Japan Transcity Corporation	9310.T	466	4.3	11.1	0.7	Tokyo
Air T, Inc.	AIRT	57	-4.9	-71.7	11.4	NASDAQ Global Market
Sankyu Inc.	9065.T	2,864	5.8	13.5	1.4	Tokyo
Konoike Transport Co., Ltd.	9025.T	1,071	5.8	11.0	1.1	Tokyo
Naigai Trans Line Ltd.	9384.T	273	12.0	13.0	1.8	Tokyo
Toyo Wharf & Warehouse Co., Ltd.	9351.T	71	-0.3	9.2	0.4	Tokyo
K.R.S. Corporation	9369.T	545	3.0	29.2	1.8	Tokyo
The Sumitomo Warehouse Co., Ltd.	9303.T	1,611	5.5	11.6	0.9	Tokyo
Hamakyorex Co., Ltd.	9037.T	703	4.5	11.4	1.1	Tokyo
Higashi Twenty One Co., Ltd.	9029.T	146	4.2	11.8	1.6	Tokyo
Inui Global Logistics Co., Ltd.	9308.T	210	2.7	6.0	0.8	Tokyo
Meiji Shipping Co., Ltd.	9115.T	157	-3.0	8.1	0.5	Tokyo
Allcargo Logistics Limited	ALLCARGO.BO	393	4.9	92.6	1.4	Bombay Stock Exchange
Toyo Logistics Co., Ltd.	9306.T	84	1.1	8.1	0.5	Tokyo
Andlauer Healthcare Group Inc.	AND.TO	1,512	11.2	30.3	4.8	Toronto Stock Exchange
SG Holdings Co.,Ltd.	9143.T	6,904	7.0	17.2	1.7	Tokyo
MITSUI-SOKO HOLDINGS Co., Ltd.	9302.T	1,963	7.9	3.1	0.3	Tokyo
Allcargo Logistics Limited	ALLCARGO.NS	394	4.9	92.6	1.4	National Stock Exchange of India
Air T, Inc.	AIRTP	414	-4.9	-71.7	11.4	NASDAQ Global Market
Kamigumi Co., Ltd.	9364.T	2,835	8.8	15.2	1.1	Tokyo
Maruwa Unyu Kikan Co.,Ltd.	9090.T	1,005	9.9	22.5	2.8	Tokyo
Maruzen Showa Unyu Co., Ltd.	9068.T	918	5.9	13.6	1.0	Tokyo
Mitsubishi Logistics Corporation	9301.T	2,836	7.5	13.4	1.1	Tokyo
Allcargo Gati Limited	ACLGATI.BO	119	24.0	82.0	1.2	Bombay Stock Exchange
Trancom Co., Ltd.	9058.T	656	12.8	21.7	1.8	Tokyo
The Keihin Co., Ltd.	9312.T	118	4.2	7.8	0.6	Tokyo
Being Holdings Co., Ltd.	9145.T	138	5.7	13.0	2.8	Tokyo
Allcargo Gati Limited	ACLGATI.NS	119	24.0	82.0	1.2	National Stock Exchange of India
Tonami Holdings Co., Ltd.	9070.T	638	7.0	26.4	1.0	Tokyo
SENKO Group Holdings Co., Ltd.	9069.T	2,403	1.5	18.7	1.6	Tokyo
bpost NV/SA	BPOST.BR	499	-2.6	-2.1	0.5	Brussels
Allcargo Terminals Limited	ATL.NS	84	1.7	23.9	2.7	National Stock Exchange of India
Allcargo Terminals Limited	ATL.BO	81	1.7	23.9	2.7	Bombay Stock Exchange
Blue Dart Express Limited	BLUEDART.BO	1,862	25.6	62.9	10.2	Bombay Stock Exchange
Blue Dart Express Limited	BLUEDART.NS	1,861	25.6	62.9	10.2	National Stock Exchange of India
Clasquin SA	ALCLA.PA	389	9.3	21.4	5.7	Paris
AVG Logistics Limited	AVG.BO	51	3.1	18.7	1.6	Bombay Stock Exchange
AVG Logistics Limited	AVG.NS	51	3.1	18.7	1.6	National Stock Exchange of India
Prosegur Cash, S.A.	CASH.MC	1,447	1.0	13.0	4.4	Madrid Stock Exchange
CTT - Correios De Portugal, S.A.	CTT.LS	1,193	9.3	23.0	4.1	Lisbon
Cargojet Inc.	CJT.TO	1,235	2.4	13.6	2.2	Toronto Stock Exchange
Freightos Limited Ordinary shares	CRGO	114	-8.2	-5.1	2.2	NASDAQ Global Market
CTI Logistics Limited	CLX.AX	95	0.4	9.2	1.1	Australian Securities Exchange
Armlogi Holding Corp. common stock	BTOC	65	7.3	-6.6	2.1	Nasdaq
Eimskipafélag Íslands hf.	EIM.IC	504	1.8	14.4	1.4	Iceland
DSV A/S	DSV.CO	55,950	16.2	30.7	2.8	Copenhagen
Deutsche Post AG	DHL.DE	52,886	2.3	13.3	1.9	Frankfurt Stock Exchange
Cryoport, Inc.	CYRX	384	-2.6	-3.5	1.0	NASDAQ Capital Market
Dalrymple Bay Infrastructure Limited	DBI.AX	1,394	1.0	24.4	1.8	Australian Securities Exchange
Delhivery Limited	DELHIVERY.BO	3,407	83.7	181.9	3.1	Bombay Stock Exchange
Expeditors International of Washington, Inc.	EXPD	16,212	14.7	19.3	7.1	New York Stock Exchange
C.H. Robinson Worldwide, Inc.	CHRW	11,639	12.4	23.3	6.8	NASDAQ Global Select
Delhivery Limited	DELHIVERY.NS	3,409	83.7	181.9	3.1	National Stock Exchange of India
Forward Air Corporation	FWRD	806	1.3	-1.0	5.2	NASDAQ Global Select
FedEx Corporation	FDX.DE	57,042	2.3	14.6	2.1	Frankfurt Stock Exchange
GXO Logistics, Inc.	GXO	5,841	1.2	81.0	2.1	New York Stock Exchange
Gateway Distriparks Limited	GATEWAY.NS	387	5.2	8.9	1.5	National Stock Exchange of India
Gateway Distriparks Limited	GATEWAY.BO	387	5.2	8.9	1.5	Bombay Stock Exchange
Far-Eastern Shipping Company PLC.	FESH.ME	2,156	4.4	19.3	1.3	Moscow Stock Exchange
COSCO SHIPPING International (Singapore) Co., Ltd.	F83.SI	216	1.2	43.2	0.6	Stock Exchange of Singapore
Hidrovias do Brasil S.A.	HBSA3.SA	891	4.9	-5.1	2.8	São Paulo
Freightways Group Limited	FRW.NZ	1,226	6.6	27.1	4.0	NZSE
FedEx Corporation	FDX	57,798	4.3	14.0	0.6	New York Stock Exchange
International Distributions Services plc	IDS.L	4,721	1.7	13.6	1.0	London Stock Exchange
Hargreaves Services Plc	HSP.L	338	15.0	17.1	1.3	London Stock Exchange
JSW Infrastructure Limited	JSWINFRA.NS	7,518	27.9	42.1	6.5	National Stock Exchange of India
Hub Group, Inc.	HUBG	2,170	5.7	20.7	1.3	NASDAQ Global Select
JITF Infralogistics Limited	JITFINFRA.NS	109	-4.8	17.9	-1.8	National Stock Exchange of India
Gulf Warehousing Company Q.P.S.C.	GWCS.QA	461	-0.6	10.7	0.7	Qatar
PT Indonesia Kendaraan Terminal Tbk	IPCC.JK	112	6.9	8.0	1.4	Jakarta Stock Exchange
Jetpak Top Holding AB (publ)	JETPAK.ST	131	7.6	15.7	1.4	Stockholm Stock Exchange
Triple i Logistics Public Company Limited	III.BK	109	8.9	9.1	1.0	Thailand
JSW Infrastructure Limited	JSWINFRA.BO	7,513	27.9	42.1	6.5	Bombay Stock Exchange
Compañía de Distribución Integral Logista Holdings, S.A.	LOG.MC	4,338	5.9	12.4	6.3	Madrid Stock Exchange
Kuehne + Nagel International AG	KNIN.SW	25,592	7.2	17.0	7.0	Swiss Exchange
Landstar System, Inc.	LSTR	5,098	19.1	28.7	5.5	NASDAQ Global Select
K&S Corporation Limited	KSC.AX	295	5.3	15.1	1.3	Australian Securities Exchange
Kerry Express (Thailand) Public Company Limited	KEX.BK	159	-1.6	-0.8	1.9	Thailand
J.B. Hunt Transport Services, Inc.	JBHT	15,165	8.6	27.0	1.8	NASDAQ Global Select
Mainfreight Limited	MFT.NZ	4,080	7.2	24.5	3.6	NZSE
Mahindra Logistics Limited	MAHLOG.NS	298	9.1	-71.2	5.8	National Stock Exchange of India
Logistics Development Group plc	LDG.L	86	4.8	5.1	0.8	London Stock Exchange
Mahindra Logistics Limited	MAHLOG.BO	299	9.1	-71.2	5.8	Bombay Stock Exchange
NTG Nordic Transport Group A/S	NTG.CO	656	4.2	13.8	3.2	Copenhagen
Navkar Corporation Limited	NAVKARCORP.BO	190	-163.2	-35.8	0.8	Bombay Stock Exchange
Navkar Corporation Limited	NAVKARCORP.NS	190	-163.2	-35.8	0.8	National Stock Exchange of India
Pkp Cargo S.A.	PKP.WA	196	0.8	-0.3	1.0	Warsaw Stock Exchange
OT Logistics S.A.	OTS.WA	56	-3.4	43.5	1.4	Warsaw Stock Exchange
Pitney Bowes Inc.	PBI	2,081	3.8	-12.5	-3.8	New York Stock Exchange
PostNL N.V.	PNL.AS	548	-0.2	27.0	2.3	Amsterdam
Proficient Auto Logistics, Inc. Common Stock	PAL	193	0.2	-95.9	0.6	Nasdaq
Österreichische Post AG	POST.VI	2,399	6.7	15.0	2.7	Vienna
Shengfeng Development Limited	SFWL	83	1.3	7.7	0.7	NASDAQ Capital Market
Sical Logistics Limited	SICALLOG.BO	88	8.4	-28.3	-160.4	Bombay Stock Exchange
Ritco Logistics Limited	RITCO.BO	99	6.4	19.9	2.6	Bombay Stock Exchange
Singapore Post Limited	S08.SI	1,095	4.5	20.6	1.3	Stock Exchange of Singapore
Silk Logistics Holdings Limited	SLH.AX	113	-3.0	-190.6	2.2	Australian Securities Exchange
Ritco Logistics Limited	RITCO.NS	99	6.4	19.9	2.6	National Stock Exchange of India
Sical Logistics Limited	SICALLOG.NS	89	8.4	-28.3	-160.4	National Stock Exchange of India
Radiant Logistics, Inc.	RLGT	293	5.6	17.1	1.3	American Stock Exchange
Qube Holdings Limited	QUB.AX	4,975	7.6	33.4	2.3	Australian Securities Exchange
TCI Express Limited	TCIEXP.BO	335	21.6	30.8	3.5	Bombay Stock Exchange
Transport Corporation of India Limited	TCI.NS	1,021	17.9	21.2	4.1	National Stock Exchange of India
Logwin AG	TGHN.DE	807	4.4	6.6	1.8	Frankfurt Stock Exchange
Transport Corporation of India Limited	TCI.BO	1,023	17.9	21.2	4.1	Bombay Stock Exchange
Steamships Trading Company Limited	SST.AX	299	4.0	26.4	1.1	Australian Securities Exchange
SCGJWD Logistics Public Company Limited	SJWD.BK	456	0.4	13.2	0.6	Thailand
STEF SA	STF.PA	1,920	0.7	11.3	1.3	Paris
Snowman Logistics Limited	SNOWMAN.BO	117	11.7	172.4	2.4	Bombay Stock Exchange
TCI Express Limited	TCIEXP.NS	335	21.6	30.8	3.5	National Stock Exchange of India
Snowman Logistics Limited	SNOWMAN.NS	118	11.7	172.4	2.4	National Stock Exchange of India
TVS Supply Chain Solutions Limited	TVSSCS.NS	682	9.4	-425.5	3.2	National Stock Exchange of India
Wice Logistics Public Company Limited	WICE.BK	57	6.7	18.9	1.4	Thailand
United Parcel Service, Inc.	UPS	88,177	5.6	15.1	5.7	New York Stock Exchange
TVS Supply Chain Solutions Limited	TVSSCS.BO	682	9.4	-425.5	3.2	Bombay Stock Exchange
Titanium Transportation Group Inc.	TTNM.TO	50	-4.2	-2.8	0.8	Toronto Stock Exchange
United Parcel Service, Inc.	UPS.MX	88,995	5.7	15.2	5.7	Mexico
VL E-Governance & IT Solutions Limited	VLEGOV.NS	71	476.8	-3.6	0.2	National Stock Exchange of India
ZTO Express (Cayman) Inc.	ZTO	14,520	7.9	11.0	1.7	New York Stock Exchange
VL E-Governance & IT Solutions Limited	VLEGOV.BO	71	476.8	-3.6	0.2	Bombay Stock Exchange
XPO Logistics, Inc.	XPO	15,566	9.9	39.7	9.4	New York Stock Exchange