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| 10.09 MB | Adobe PDF |
Orientador(es)
Resumo(s)
Through this thesis, I present an equity valuation exercise on the world leader in the cork industry, Corticeira Amorim. In line with the company’s recommendations and the industry research, I was able to construct its future scenario and come up with a fair 2015 year end value per share of EUR 8,80 and a BUY recommendation. A broad overview of the Equity Valuation literature was essential to support the assumptions taken and to improve the valuation coherence. Finally, I have discussed conceptual differences between my valuation and BPI’s methodology, the bank that more closely follows Corticeira Amorim.
Descrição
Palavras-chave
Equity valuation Corticeira Amorim DCF valuation Relative valuation