Publication
The Estée Lauder Companies Inc : equity valuation thesis
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Martins, José Carlos Tudela | |
| dc.contributor.author | Calisto, Mariana Branco | |
| dc.date.accessioned | 2018-08-07T12:15:05Z | |
| dc.date.available | 2020-02-28T01:30:47Z | |
| dc.date.issued | 2018-07-10 | |
| dc.date.submitted | 2018 | |
| dc.description.abstract | This dissertation presents a valuation of The Estée Lauder Companies Inc., this company is listed on the New York Stock Exchange under the symbol EL. At the time of this valuation EL was trading at $133.79 a share, with market capitalization of $49.106,28 million (08/05/2018). Two methods were applied, DCF and Multiples. Some Sensitivity scenarios were made as a complement of the DCF. The multiples used were EV/EBITDA and P/E. The value obtained in the DCF valuation was the one chosen as final Equity Value, corresponding to $58.154.5 million, and a share of $158.44. Multiples method was used only as a market comparison. As a result of this valuation we give Estée Lauder a Buy recommendation. After all analysis complete, a comparison was made between Calisto and Wells Fargo valuations, where major differences were highlighted. | pt_PT |
| dc.description.abstract | Esta dissertação apresenta a avaliação da The Estée Lauder Companies Inc., esta empresa está cotada na Bolsa de Nova Iorque com o símbolo EL. No momento desta avaliação as ações da EL estavam em bolsa a $133.79, e com uma cotação de mercado de $49.106.28 milhões (08/05/2018). Dois métodos foram realizados, DCF e Múltiplos. Foi realizada uma análise de sensibilidade a alguns dos componentes de modo a complementar o DCF. Os múltiplos utilizados foram o EV/EBITDA e o P/E. O valor final do Capital Próprio foi de $58.154.5 milhões, correspondente a $158.44 por ação, obtido através do modelo DCF. O método dos múltiplos foi calculado apenas para servir de termo de comparação. A recomendação dada com base nesta avaliação é a de Comprar. Após a finalização de todas as análises comparámos as avaliações feitas por Calisto e Wells Fargo, destacando as diferenças entre as duas. | pt_PT |
| dc.identifier.tid | 201961962 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.14/25484 | |
| dc.language.iso | eng | pt_PT |
| dc.title | The Estée Lauder Companies Inc : equity valuation thesis | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | Mestrado em Finanças | pt_PT |
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