Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.14/17183
Título: Equity valuation dissertation Walt Disney Company
Autor: Luís, João de Oliveira Vasconcelos
Orientador: Martins, José Carlos Tudela
Data de Defesa: 3-Fev-2015
Resumo: This dissertation aims to evaluate Walt Disney Company (ticker: DIS US Equity). The evaluation process is done through three different mechanisms in order to achieve a more accurate and complete valuation exercise. The first valuation method is the Discounted Cash Flows model, in which each company’s segment is valued separately, therefore obtaining the company’s overall valuation by combining them all. This model provides a Walt Disney share price estimation of $88,52 which, compared to its market price of $85,38, represents a buying opportunity. The second valuation method is the Economic Value Added model. Through this valuation technique, the Walt Disney share price is estimated as of $77,89 which, compared to its market price, represents a selling opportunity. The third and last valuation method presented is the relative valuation. By applying the Enterprise Value to EBITDA multiple, it is achieved a company share price of $83,96 which also represents a selling opportunity. Lastly, it is compared the valuation obtained through this dissertation to the one accomplished by J.P.Morgan, in which the Walt Disney share price is estimated as $90,00. By doing so, one can conclude that the valuation in this dissertation is more conservative, being the different assumptions made examined further in this report.
URI: http://hdl.handle.net/10400.14/17183
Aparece nas colecções:FCEE - Dissertações de Mestrado / Master Dissertations
R - Dissertações de Mestrado / Master Dissertations

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