Browsing by Author "Pereira, Miguel Gomes"
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- Sonae MC : the delayed returnPublication . Pereira, Miguel Gomes; Martins, José Carlos TudelaThis decertation’s objective is to provide an overall valuation of Sonae MC, a private Portuguese company focused on food retailing. For this, two methods were used: Discounted Cash Flow Valuation and Relative Valuation. In the end, the former yielded an equity valuation of €1.79 billion and the latter, using the Price-to-Earnings multiple and Enterprise Value/EBITDA one, generated a €1.70 billion and €1.66 billion equity value respectively. Finally, as this is a private company, it was not possible to compare this valuation with one performed by an investment bank. Nevertheless, as we have a valuation range given in the IPO prospectus of the company, we provide a recommendation for future investors.