Novabase : equity research

Detalhes bibliográficos
Autor(a) principal: Rosa, Rita Maria Martins Namorado
Data de Publicação: 2014
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/16913
Resumo: The objective of this project is to obtain the Novabase’s price per share at 31st of December 2013. Our main challenge during this dissertation was to define the most suitable valuation model, taking in consideration the specificities of each model and the assumptions inherent in the decision of the model chosen. We decide to explore the Discounted Cash Flow valuation, through Free Cash Flow to the Firm approach and Relative valuation, due to the perspective of growth and characteristics of the industry in which Novabase operates. Despite the fact that similar prices were achieved, we find more appropriate to select the Discounted Cash-Flow valuation, reaching a target price of 3,55€. Once, the price per share of Novabase, at 31st of December 2013 was 2,51€, we recognize an upside of 41% and consequently our recommendation is to Buy.
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spelling Novabase : equity researchDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe objective of this project is to obtain the Novabase’s price per share at 31st of December 2013. Our main challenge during this dissertation was to define the most suitable valuation model, taking in consideration the specificities of each model and the assumptions inherent in the decision of the model chosen. We decide to explore the Discounted Cash Flow valuation, through Free Cash Flow to the Firm approach and Relative valuation, due to the perspective of growth and characteristics of the industry in which Novabase operates. Despite the fact that similar prices were achieved, we find more appropriate to select the Discounted Cash-Flow valuation, reaching a target price of 3,55€. Once, the price per share of Novabase, at 31st of December 2013 was 2,51€, we recognize an upside of 41% and consequently our recommendation is to Buy.Martins, José Carlos TudelaVeritati - Repositório Institucional da Universidade Católica PortuguesaRosa, Rita Maria Martins Namorado2015-03-13T09:10:03Z2014-11-0620142014-11-06T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/16913TID:201113570enginfo: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:RCAAP2023-12-19T01:36:19Zoai:repositorio.ucp.pt:10400.14/16913Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:14:08.240667Repositório 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 Novabase : equity research
title Novabase : equity research
spellingShingle Novabase : equity research
Rosa, Rita Maria Martins Namorado
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Novabase : equity research
title_full Novabase : equity research
title_fullStr Novabase : equity research
title_full_unstemmed Novabase : equity research
title_sort Novabase : equity research
author Rosa, Rita Maria Martins Namorado
author_facet Rosa, Rita Maria Martins Namorado
author_role author
dc.contributor.none.fl_str_mv Martins, José Carlos Tudela
Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Rosa, Rita Maria Martins Namorado
dc.subject.por.fl_str_mv Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description The objective of this project is to obtain the Novabase’s price per share at 31st of December 2013. Our main challenge during this dissertation was to define the most suitable valuation model, taking in consideration the specificities of each model and the assumptions inherent in the decision of the model chosen. We decide to explore the Discounted Cash Flow valuation, through Free Cash Flow to the Firm approach and Relative valuation, due to the perspective of growth and characteristics of the industry in which Novabase operates. Despite the fact that similar prices were achieved, we find more appropriate to select the Discounted Cash-Flow valuation, reaching a target price of 3,55€. Once, the price per share of Novabase, at 31st of December 2013 was 2,51€, we recognize an upside of 41% and consequently our recommendation is to Buy.
publishDate 2014
dc.date.none.fl_str_mv 2014-11-06
2014
2014-11-06T00:00:00Z
2015-03-13T09:10:03Z
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/10400.14/16913
TID:201113570
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identifier_str_mv TID:201113570
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
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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
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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
repository.mail.fl_str_mv
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