Publicação
Equity research - Strabag SE
| Resumo: | STRABAG SE is one of the largest construction companies in Europe, and the largest in Germany and Austria. The Company is capable of building anything from simple residential buildings to complex infrastructure projects and everything in between. While this is an impressive commendation, it makes it exponentially difficult to value properly due to many unpredictable unknown variables. The report conducted calls for a STRONG BUY recommendation for STRABAG SE stock with a price target of €47.0 per share at 2023YE as of May 2023. This represents a 22.9% return for the holding period and 44.0% on an annualized basis. The main drivers of the investment are: i) the expected growth of construction in Europe, ii) STRABAG’s positioning in the industry, and iii) financial strength of the Company. Most of these factors remain constant for long periods of time and that is what makes this a stable recommendation with a MEDIUM LOW risk investment. The risk of the investment is MEDIUM LOW due to a multitude of factors. Those are: the financial stability of STRABAG, diversified business activities, low leverage, a strong market share and a solidified position in the industry. The risks that are posed to the Company are either direct competition or large, black swan events in the market and, most notably, the illiquidity of its stock due to large institutional ownership. In any case, we live in uncertain times with many unknowns so the recommendation will get adjusted according to new and relevant information. |
|---|---|
| Autores principais: | Dragojevic, Daniel |
| Assunto: | STRABAG SE Construction and Infrastructure Valuation Equity Research |
| Ano: | 2023 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| _version_ | 1865920826486816769 |
|---|---|
| author | Dragojevic, Daniel |
| author_facet | Dragojevic, Daniel Dragojevic, Daniel |
| author_role | author |
| contributor_name_str_mv | Francisco, Paulo Repositório Científico de Acesso Aberto da ULisboa |
| country_str | PT |
| creators_json_str | [{\"Person.name\":\"Dragojevic, Daniel\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Francisco, Paulo Repositório Científico de Acesso Aberto da ULisboa |
| datacite.creators.creator.creatorName.fl_str_mv | Dragojevic, Daniel |
| datacite.date.Accepted.fl_str_mv | 2023-06-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2023-08-09T16:21:46Z |
| datacite.date.embargoed.fl_str_mv | 2023-08-09T16:21:46Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | STRABAG SE Construction and Infrastructure Valuation Equity Research |
| datacite.titles.title.fl_str_mv | Equity research - Strabag SE |
| dc.contributor.none.fl_str_mv | Francisco, Paulo Repositório Científico de Acesso Aberto da ULisboa |
| dc.creator.none.fl_str_mv | Dragojevic, Daniel |
| dc.date.Accepted.fl_str_mv | 2023-06-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2023-08-09T16:21:46Z |
| dc.date.embargoed.fl_str_mv | 2023-08-09T16:21:46Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10400.5/28084 |
| dc.language.none.fl_str_mv | eng |
| dc.publisher.none.fl_str_mv | Instituto Superior de Economia e Gestão |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | STRABAG SE Construction and Infrastructure Valuation Equity Research |
| dc.title.fl_str_mv | Equity research - Strabag SE |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_bdcc |
| description | STRABAG SE is one of the largest construction companies in Europe, and the largest in Germany and Austria. The Company is capable of building anything from simple residential buildings to complex infrastructure projects and everything in between. While this is an impressive commendation, it makes it exponentially difficult to value properly due to many unpredictable unknown variables. The report conducted calls for a STRONG BUY recommendation for STRABAG SE stock with a price target of €47.0 per share at 2023YE as of May 2023. This represents a 22.9% return for the holding period and 44.0% on an annualized basis. The main drivers of the investment are: i) the expected growth of construction in Europe, ii) STRABAG’s positioning in the industry, and iii) financial strength of the Company. Most of these factors remain constant for long periods of time and that is what makes this a stable recommendation with a MEDIUM LOW risk investment. The risk of the investment is MEDIUM LOW due to a multitude of factors. Those are: the financial stability of STRABAG, diversified business activities, low leverage, a strong market share and a solidified position in the industry. The risks that are posed to the Company are either direct competition or large, black swan events in the market and, most notably, the illiquidity of its stock due to large institutional ownership. In any case, we live in uncertain times with many unknowns so the recommendation will get adjusted according to new and relevant information. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | masterThesis |
| fulltext.url.fl_str_mv | https://repositorio.ulisboa.pt/bitstreams/fbd5681e-f6cf-4315-9a5d-8c5879845c08/download |
| id | ul_ae22cedefd2008e40e6b982e60bef2f5 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10400.5/28084 |
| instacron_str | ul |
| institution | Universidade de Lisboa |
| instname_str | Universidade de Lisboa |
| language | eng |
| network_acronym_str | ul |
| network_name_str | Repositório da Universidade de Lisboa |
| oai_identifier_str | oai:repositorio.ulisboa.pt:10400.5/28084 |
| organization_str_mv | urn:organizationAcronym:ul |
| person_str_mv | Dragojevic, Daniel |
| publishDate | 2023 |
| publisher.none.fl_str_mv | Instituto Superior de Economia e Gestão |
| reponame_str | Repositório da Universidade de Lisboa |
| repository_id_str | urn:repositoryAcronym:ul |
| service_str_mv | urn:repositoryAcronym:ul |
| spelling | engInstituto Superior de Economia e Gestãopt_PTSTRABAG SE is one of the largest construction companies in Europe, and the largest in Germany and Austria. The Company is capable of building anything from simple residential buildings to complex infrastructure projects and everything in between. While this is an impressive commendation, it makes it exponentially difficult to value properly due to many unpredictable unknown variables. The report conducted calls for a STRONG BUY recommendation for STRABAG SE stock with a price target of €47.0 per share at 2023YE as of May 2023. This represents a 22.9% return for the holding period and 44.0% on an annualized basis. The main drivers of the investment are: i) the expected growth of construction in Europe, ii) STRABAG’s positioning in the industry, and iii) financial strength of the Company. Most of these factors remain constant for long periods of time and that is what makes this a stable recommendation with a MEDIUM LOW risk investment. The risk of the investment is MEDIUM LOW due to a multitude of factors. Those are: the financial stability of STRABAG, diversified business activities, low leverage, a strong market share and a solidified position in the industry. The risks that are posed to the Company are either direct competition or large, black swan events in the market and, most notably, the illiquidity of its stock due to large institutional ownership. In any case, we live in uncertain times with many unknowns so the recommendation will get adjusted according to new and relevant information.application/pdfpt_PTEquity research - Strabag SEDragojevic, DanielFrancisco, PauloHostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@reitoria.ulisboa.ptrepositorio@reitoria.ulisboa.pt2023-08-09T16:21:46Z2023-062023-06-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/28084http://purl.org/coar/access_right/c_abf2open accessSTRABAG SEConstruction and InfrastructureValuationEquity Research1952676 bytesliteraturehttp://purl.org/coar/resource_type/c_bdccmaster thesishttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/fbd5681e-f6cf-4315-9a5d-8c5879845c08/download |
| spellingShingle | Equity research - Strabag SE Equity research - Strabag SE Dragojevic, Daniel STRABAG SE Construction and Infrastructure Valuation Equity Research Dragojevic, Daniel STRABAG SE Construction and Infrastructure Valuation Equity Research |
| status | SINGLETON |
| subject.fl_str_mv | STRABAG SE Construction and Infrastructure Valuation Equity Research |
| title | Equity research - Strabag SE |
| title_full | Equity research - Strabag SE |
| title_fullStr | Equity research - Strabag SE Equity research - Strabag SE |
| title_full_unstemmed | Equity research - Strabag SE Equity research - Strabag SE |
| title_short | Equity research - Strabag SE |
| title_sort | Equity research - Strabag SE |
| topic | STRABAG SE Construction and Infrastructure Valuation Equity Research |
| topic_facet | STRABAG SE Construction and Infrastructure Valuation Equity Research |
| url | http://hdl.handle.net/10400.5/28084 |
| visible | 1 |