Equity valuation : DIA–Distribuidora Internacional de Alimentacion, SA

• Autor(a) principal: Alves, André Rodrigues
• Data de Publicação: 2016
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10400.14/20223
• topic: Domínio/Área Científica::Ciências Sociais::Economia e Gestão

The purpose of this Master thesis is to demonstrate a plausible and effective valuation for DIA, SA. This is a very well-known Spanish retailer, mainly focused in grocery and domestic products. The performed valuation aims to evaluate the company in the 1st January, 2016. In order to complete this Thesis, all the materials and subjects learned during this master program played a fundamental role, especially “Firm Valuation”, whose topics matched exactly with the contents applied here. In order to perform the Valuation of DIA, and after reviewing relevant literature about the subject, three major methods were chosen. DCF (Discounted Cash-Flows), APV (Adjusted Present Value) and Multiples Valuation were the models applied. The final results were then compared with an equity research from a leading investment bank, JP Morgan. This comparison was an important mark, as by applying the similar methods, the results found in this thesis were confirmed.