High debt impact on valuation
Autor(a) principal: | |
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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/10362/142559 |
Resumo: | The following equity research has the purpose to estimate the value of Rolls Royce Holding plc. After analyzing the company current situation to understand how the future forecast will look like, the increased level of debt of the last years was analyzed to understand who it affected the valuation. The high level of debt, with the decreased profitability, led to a cost of debt of 5.91%. This value was reflected in the WACC estimate, and used to compute the enterprise value with the discounted cash flows method. The computed share price of 237.15p is higher compared to the current market price of 117.14p as it reflects the positive industry trends of the incoming years. |
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High debt impact on valuationValuationFinanceRolls-Royce holding plcAerospace and defenceDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe following equity research has the purpose to estimate the value of Rolls Royce Holding plc. After analyzing the company current situation to understand how the future forecast will look like, the increased level of debt of the last years was analyzed to understand who it affected the valuation. The high level of debt, with the decreased profitability, led to a cost of debt of 5.91%. This value was reflected in the WACC estimate, and used to compute the enterprise value with the discounted cash flows method. The computed share price of 237.15p is higher compared to the current market price of 117.14p as it reflects the positive industry trends of the incoming years.Corelli, AngeloSá, Nuno Quartin Bastos de Vasconcelos eRUNMozzaglia, André Martino2022-07-28T14:14:13Z2022-01-142021-12-172022-01-14T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/142559TID:203039670enginfo: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:RCAAP2024-03-11T05:20:20Zoai:run.unl.pt:10362/142559Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:50:23.673803Repositório 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 |
High debt impact on valuation |
title |
High debt impact on valuation |
spellingShingle |
High debt impact on valuation Mozzaglia, André Martino Valuation Finance Rolls-Royce holding plc Aerospace and defence Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
High debt impact on valuation |
title_full |
High debt impact on valuation |
title_fullStr |
High debt impact on valuation |
title_full_unstemmed |
High debt impact on valuation |
title_sort |
High debt impact on valuation |
author |
Mozzaglia, André Martino |
author_facet |
Mozzaglia, André Martino |
author_role |
author |
dc.contributor.none.fl_str_mv |
Corelli, Angelo Sá, Nuno Quartin Bastos de Vasconcelos e RUN |
dc.contributor.author.fl_str_mv |
Mozzaglia, André Martino |
dc.subject.por.fl_str_mv |
Valuation Finance Rolls-Royce holding plc Aerospace and defence Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Valuation Finance Rolls-Royce holding plc Aerospace and defence Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The following equity research has the purpose to estimate the value of Rolls Royce Holding plc. After analyzing the company current situation to understand how the future forecast will look like, the increased level of debt of the last years was analyzed to understand who it affected the valuation. The high level of debt, with the decreased profitability, led to a cost of debt of 5.91%. This value was reflected in the WACC estimate, and used to compute the enterprise value with the discounted cash flows method. The computed share price of 237.15p is higher compared to the current market price of 117.14p as it reflects the positive industry trends of the incoming years. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-12-17 2022-07-28T14:14:13Z 2022-01-14 2022-01-14T00:00:00Z |
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/10362/142559 TID:203039670 |
url |
http://hdl.handle.net/10362/142559 |
identifier_str_mv |
TID:203039670 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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