Approximation of Merck group value using two valuation methods: discounted free cash flow and multiples

Detalhes bibliográficos
Autor(a) principal: Marín, Daniela Rodríguez
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/127201
Resumo: The purpose of this paper is to valuate Merck Group, an important and recognized German pharmaceutical company for December 2020. To do so, two valuation methods were used: Discounted Free Cash Flow (DFCF) and Multiples. After obtaining different share prices from those methods it was evidenced that both are on the same ranges of prices and therefore both of them are valid, both results are very close to the company ́s share price clousure as of December 2020. Furthermore, it was concluded that Merck group is a robust and strong company in which and investor or stakeholder can make a positive investment decision.
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spelling Approximation of Merck group value using two valuation methods: discounted free cash flow and multiplesValuation methodsInvestment decisionShare priceForecastDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe purpose of this paper is to valuate Merck Group, an important and recognized German pharmaceutical company for December 2020. To do so, two valuation methods were used: Discounted Free Cash Flow (DFCF) and Multiples. After obtaining different share prices from those methods it was evidenced that both are on the same ranges of prices and therefore both of them are valid, both results are very close to the company ́s share price clousure as of December 2020. Furthermore, it was concluded that Merck group is a robust and strong company in which and investor or stakeholder can make a positive investment decision.Leon, BernardoQueiró, FranciscoRUNMarín, Daniela Rodríguez2024-01-04T01:31:02Z2021-02-112021-01-042021-02-11T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/127201TID:202744000enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:07:18Zoai:run.unl.pt:10362/127201Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:46:04.761454Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Approximation of Merck group value using two valuation methods: discounted free cash flow and multiples
title Approximation of Merck group value using two valuation methods: discounted free cash flow and multiples
spellingShingle Approximation of Merck group value using two valuation methods: discounted free cash flow and multiples
Marín, Daniela Rodríguez
Valuation methods
Investment decision
Share price
Forecast
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Approximation of Merck group value using two valuation methods: discounted free cash flow and multiples
title_full Approximation of Merck group value using two valuation methods: discounted free cash flow and multiples
title_fullStr Approximation of Merck group value using two valuation methods: discounted free cash flow and multiples
title_full_unstemmed Approximation of Merck group value using two valuation methods: discounted free cash flow and multiples
title_sort Approximation of Merck group value using two valuation methods: discounted free cash flow and multiples
author Marín, Daniela Rodríguez
author_facet Marín, Daniela Rodríguez
author_role author
dc.contributor.none.fl_str_mv Leon, Bernardo
Queiró, Francisco
RUN
dc.contributor.author.fl_str_mv Marín, Daniela Rodríguez
dc.subject.por.fl_str_mv Valuation methods
Investment decision
Share price
Forecast
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Valuation methods
Investment decision
Share price
Forecast
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description The purpose of this paper is to valuate Merck Group, an important and recognized German pharmaceutical company for December 2020. To do so, two valuation methods were used: Discounted Free Cash Flow (DFCF) and Multiples. After obtaining different share prices from those methods it was evidenced that both are on the same ranges of prices and therefore both of them are valid, both results are very close to the company ́s share price clousure as of December 2020. Furthermore, it was concluded that Merck group is a robust and strong company in which and investor or stakeholder can make a positive investment decision.
publishDate 2021
dc.date.none.fl_str_mv 2021-02-11
2021-01-04
2021-02-11T00:00:00Z
2024-01-04T01:31:02Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/127201
TID:202744000
url http://hdl.handle.net/10362/127201
identifier_str_mv TID:202744000
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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