Columbia Sportswear Company : equity valuation

Publication

datacite.subject.fos	Ciências Sociais::Economia e Gestão
dc.contributor.advisor	Martins, José Carlos Tudela
dc.contributor.author	Elvas, Afonso Manuel Vasconcelos de Brito
dc.date.accessioned	2016-04-27T14:38:20Z
dc.date.available	2016-04-27T14:38:20Z
dc.date.issued	2016-02-25
dc.date.submitted	2015
dc.description.abstract	The aim of this Thesis is to evaluate Columbia Sportswear Company’s stock at 31 December 2014. In this way, to apply the most adjustable methodology I carry out a research among consensual valuation models. I conclude for company’s case DCF-WACC and Relative Valuation are the appropriate ones. Over the recent years, it is seen that company’s positive performance in global outdoor market increased market share. Being future perspectives optimistic resulting in a price target of US$ 61,21. Difference between market price, US$ 44,54, and price target led me to recommend a Buy position for Columbia Sportswear’s stock. A sensitivity analysis for the most critical variables was done and I note that WACC and perpetuity growth variations highly affect DCF-WACC model output. Regarding, comparison with Goldman Sachs we achieved similar investment recommendation.	pt_PT
dc.identifier.tid	201169738
dc.identifier.uri	http://hdl.handle.net/10400.14/19992
dc.language.iso	eng	pt_PT
dc.title	Columbia Sportswear Company : equity valuation	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 Gestão

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