May 31, 2023
Poland has almost 40 million inhabitants, and its economy is ranked the 22nd largest worldwide. The Warsaw Stock Exchange (WSE) is a leader amid stock exchanges in middle -eastern Europeon, with a market cap of $ 200 billion, and a total of 810 listed companies.
Sunex SA is a listed Polish supplier of renewable energy equipment, including solar heating, boilers and heat pumps. During the first quarter of 2023, Sunex acquired Krobath GmbH, a business providing installation services of heating equipment from five locations in Steiermark, Austria.
As reported in Sunex’ Q1 2023 report, Sunex relied on royalty rate data from MARKABLES for the valuation of the tradename. The valuation of the trade name was performed on the basis of an appropriate royalty rate of 1.9% on revenues. Also, Sunex performed a valuation on the trade name / revenues multiple, which was found to be 0.138x from MARKABLES data. The full report (in Polish) can be downloaded here.
Moreover, MARKABLES was recently mentioned by ICT Instytut Cen Transferowich, a provider of training services in the area of transfer pricing, among the data providers that are suitable for comparative analyses.