Publicação
Equity research - Ørsted A/S
| Resumo: | The present report features an Equity Research on Ørsted A/S (‘Ørsted’ or ‘Company’), set in accordance with the CFA Institute guidelines. Ørsted is a global top green energy company that develops, builds, operates, and trades sustainable solutions and related products. Geographically, the Company has established a solid presence in the APAC region, the US, the UK and Ireland, and Continental Europe. The structure of this document allows for a comprehensive analysis of the Company’s business model and a global picture of the renewables industry, which is experiencing growth. The energy transition emerges as a response to combating global warming. However, identified obstacles need to be addressed to ensure an effective path toward a plant powered by green energy. The author issues a HOLD recommendation for Ørsted A/S, with a 2025YE price target of DKK429.35/share, using the FCFF approach. The analysis shows a potential upside of 9.0% over 18 months (IRR 6%), compared to the DKK383.90/share closing price on 10 June 2024. Additionally, other valuation methods were considered to complement the study. This study exhibits a medium risk level. Factors such as supply chain disruptions could significantly impact the Company’s value. Nevertheless, Ørsted has shown resilience by implementing strategies to overcome potential issues. |
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| Autores principais: | João, Margarida Ferraz |
| Assunto: | Equity Research Valuation Renewables Ørsted A/S Equity Research Avaliação de Empresas Renováveis Ørsted A/S |
| Ano: | 2024 |
| 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 |
| Resumo: | The present report features an Equity Research on Ørsted A/S (‘Ørsted’ or ‘Company’), set in accordance with the CFA Institute guidelines. Ørsted is a global top green energy company that develops, builds, operates, and trades sustainable solutions and related products. Geographically, the Company has established a solid presence in the APAC region, the US, the UK and Ireland, and Continental Europe. The structure of this document allows for a comprehensive analysis of the Company’s business model and a global picture of the renewables industry, which is experiencing growth. The energy transition emerges as a response to combating global warming. However, identified obstacles need to be addressed to ensure an effective path toward a plant powered by green energy. The author issues a HOLD recommendation for Ørsted A/S, with a 2025YE price target of DKK429.35/share, using the FCFF approach. The analysis shows a potential upside of 9.0% over 18 months (IRR 6%), compared to the DKK383.90/share closing price on 10 June 2024. Additionally, other valuation methods were considered to complement the study. This study exhibits a medium risk level. Factors such as supply chain disruptions could significantly impact the Company’s value. Nevertheless, Ørsted has shown resilience by implementing strategies to overcome potential issues. |
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