Publicação
Equity valuation of Vista Alegre SGPS, SA
| Resumo: | This thesis aims to present some of the most commonly used methods in the valuation process, with the practical objective of reaching a recommendation for the fair value of the shares of the company Vista Alegre Atlantis SGPS SA, listed on the Euronext - Lisbon stock exchange. The sole selected model for this exercise was the Adjusted Present Value (APV). The choice of this model is primarily due to the flexibility it offers regarding uncertainty in capital structure changes. The valuation price of 0.89€ suggests a positive return for the investor when buying and holding it, waiting to appreciate in the market. It is expected that the market will adjust, and the stock price will rise to the assessed value. Finally, a sensitivity analysis is conducted on some of the factors based on assumptions and forecasts, highlighting the risks of the valuation and the subjectivity of the outcome. |
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| Autores principais: | Morgado, Henrique de Deus Marques |
| Assunto: | Vista Alegre Atlantis Company valuation DCF Discounted Cash Flow -- Adjusted present value Avaliação de empresas -- Business valuation Desconto de fluxos de caixa Valor atual ajustado |
| Ano: | 2023 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | ISCTE |
| Idioma: | inglês |
| Origem: | Repositório ISCTE |
| Resumo: | This thesis aims to present some of the most commonly used methods in the valuation process, with the practical objective of reaching a recommendation for the fair value of the shares of the company Vista Alegre Atlantis SGPS SA, listed on the Euronext - Lisbon stock exchange. The sole selected model for this exercise was the Adjusted Present Value (APV). The choice of this model is primarily due to the flexibility it offers regarding uncertainty in capital structure changes. The valuation price of 0.89€ suggests a positive return for the investor when buying and holding it, waiting to appreciate in the market. It is expected that the market will adjust, and the stock price will rise to the assessed value. Finally, a sensitivity analysis is conducted on some of the factors based on assumptions and forecasts, highlighting the risks of the valuation and the subjectivity of the outcome. |
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