Browsing by Author "Marques, Rita Malafaia Baptista Sabino"
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- Equity Valuation : Colgate-Palmolive CompanyPublication . Marques, Rita Malafaia Baptista Sabino; Martins, José Carlos TudelaThe purpose of this dissertation is to determine the intrinsic value of the operations of the multinational Soap and Cleaning Materials company, Colgate-Palmolive Company. The study focuses on recommending a buyer or seller position based on the company’s estimated share price compared to the actual trading price. In times of uncertainty caused by the COVID-19 global health crisis, Colgate has been able to maintain its growth strategy and its objective to become more efficient through a mix of investments in innovation and high-growth segments and cost-saving initiatives. Therefore, the literature review concluded that the FCFF model is the most suitable approach to value the company complemented with a Relative Valuation to obtain more accurate financial forecasts. The result of this dissertation is a value of USD 107,46 per share, representing a buy recommendation compared to the current market price on November 9 th of USD 78,05. In addition, a comparison with TheStreet Rating Stock Report on Colgate, which estimated a share price of USD 89,6, was also performed to test the consistency of the variables considered.