Publicação
Target Corporation, Inc. equity valuation
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Martins, José Carlos Tudela | |
| dc.contributor.author | Monteiro, Catarina Vinhas | |
| dc.date.accessioned | 2024-03-14T17:56:07Z | |
| dc.date.available | 2024-03-14T17:56:07Z | |
| dc.date.issued | 2024-01-30 | |
| dc.date.submitted | 2023-12 | |
| dc.description.abstract | The main objective of this dissertation is to carry out the equity valuation of Target Corporation, a retail company based in the United States of America that belongs to the S&P index 500, in order to determine the price per share. Firstly, an industry analysis in which the company operates was carried out, thus, the North American market was characterized, the main competitors identified, as well as the opportunities and challenges of the sector.It was also analyzed the global economic context and its impact on the retail sector. On the other hand, the financial history of some company indicators was analyzed in order to deepen knowledge about it and choose the most suitable methods. The main method used was Discounted Cash Flow (DCF), having been determined an intrinsic value of $124.64. Comparing this value with the market value, $129.94 (16𝑡ℎ November 2023), a HOLD recommendation on the shares of Target Corporation share’s was issued. A relative assessment using multiples was performed, however it was discarded due to the difficulty in identifying a peer group that could be compare to Target Corporation. | pt_PT |
| dc.description.abstract | O objetivo principal desta dissertac¸ao˜ e realizar a avaliac¸ ´ ao da Target Corporation, uma ˜ empresa de retalho com sede nos Estados Unidos da America que pertence ao ´ ´ındice S&P 500, para a qual sera determinado o prec¸o por ac¸ ´ ao. Para iniciar este estudo, foi realizada ˜ uma analise ´ a ind´ustria onde a empresa se insere, deste modo, o mercado norte americano ` foi caracterizado, os principais concorrentes identificados, bem como as oportunidades e os desafios do sector, tendo em conta o contexto economico mundial e o seu impacto no sector do ´ retalho. Consequentemente, foi tambem analisado o hist ´ orico financeiro de alguns indicadores ´ da empresa de forma a aprofundar o conhecimento sobre a mesma e escolher os metodos de ´ avaliac¸ao mais adequados. O principal m ˜ etodo de an ´ alise utilizado foi o Discounted Cash Flow ´ (DCF), tendo sido apurado um valor intr´ınseco de $124.64. Comparando este valor com o valor de mercado, $129.94 (16 de Novembro de 2023), a recomendac¸ao emitida sobre as ac¸ ˜ oes da ˜ Target Corporation e de HOLD. Contudo, foi ainda realizada uma avaliac¸ ´ ao relativa recorrendo ˜ aos m´ultiplos, tendo a mesma sido descartada devido a dificuldade em identificar um grupo ` semelhante que pudesse ser comparavel ´ a Target Corporation. | pt_PT |
| dc.identifier.tid | 203535588 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.14/44297 | |
| dc.language.iso | eng | pt_PT |
| dc.subject | Equity valuation | pt_PT |
| dc.subject | Intrinsic value | pt_PT |
| dc.subject | Target Corporation | pt_PT |
| dc.subject | Retail | pt_PT |
| dc.subject | US | pt_PT |
| dc.subject | DCF | pt_PT |
| dc.subject | Avaliação | pt_PT |
| dc.subject | Valor intrínseco | pt_PT |
| dc.subject | Retalho | pt_PT |
| dc.subject | EUA | pt_PT |
| dc.title | Target Corporation, Inc. 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 Aplicada | pt_PT |