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Equity valuation: Sport Lisboa e Benfica – Futebol, SAD

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Resumo:Sport Lisboa e Benfica - Futebol SAD equity valuation as of June 30, 2023, is provided by this study. Finding the company shares fair value and determining if they are fairly priced, overpriced, or undervalued are the main objectives. Two commonly used approaches are used in the valuation process: the discounted cash flow approach and relative valuation, which makes use of multiples. According to the analysis, the market price of 3.630 euros on June 30, 2023, is significantly higher than the intrinsic value of 1.190 euros for Benfica SAD shares, suggesting that the shares are overpriced. Furthermore, the sensitivity analysis indicates that the shares are only undervalued in the most optimistic scenarios, in which the Terminal Growth Rate rises significantly and the Weighted Average Cost of Capital declines drastically. Nonetheless, the shares are still overpriced in the majority of cases. Investors should exercise caution when purchasing Benfica SAD shares, according to the valuation results, since the present market price might not fully reflect the company real value. The report also draws attention to the company growing reliance on debt and the possible consequences for its long-term financial viability.
Autores principais:Jesus, Miguel Ângelo Nascimento de
Assunto:Benfica SAD Avaliação de empresas -- Business valuation DCF Discounted Cash Flow -- Business model Football Relative valuation Fluxos monetários -- Cash flow Fluxo de caixa descontado Modelos de negócio Futebol Avaliação Relativa
Ano:2024
País:Portugal
Tipo de documento:dissertação de mestrado
Tipo de acesso:acesso aberto
Instituição associada:ISCTE
Idioma:inglês
Origem:Repositório ISCTE

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