Percorrer por autor "Costa, Francisco Gomes"
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- Company valuation and investment case of Jerónimo MartinsPublication . Costa, Francisco Gomes; Faria, Gonçalo Manuel A. Pereira Oliveira deThis study aims to assess the intrinsic equity value of Jerónimo Martins SGPS, SA, and compare it to its market price to evaluate its investment potential. Using the Discounted Cash Flow model based on the Free Cash Flow to the Firm methodology, future cash flows from 2025 to 2030 are projected and discounted using a Weighted Average Cost of Capital of 8,08%. The analysis incorporates operational forecasts, capital structure assumptions, and macroeconomic trends. The model estimates an intrinsic value of €27,52 per share, compared to the market price of €18, 45 as of December 31, 2024, implying an upside potential of 49,15%. A scenario analysis tests the sensitivity of the valuation to different economic conditions, with the investment case remaining favourable across all scenarios. The study concludes with a BUY recommendation, supported by strong free cash flow generation, operational efficiency, and prudent financial management.