High debt impact on valuation

Detalhes bibliográficos
Autor(a) principal: Mozzaglia, André Martino
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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spelling 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
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
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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