Galp energia, sgps, s.a.: a peaceful and sustainable future for the energy industry

• Autor(a) principal: Melo, Alexandre Costa
• Data de Publicação: 2023
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/154029
• topic: Equity research; Valuation; Finance; Energy; Galp; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

Hereby is a report written on a valuation performed on the share price of a security of a renown Portuguese competitor in the Iberian energy market, Galp Energia, SGPS, S.A.. The report contains a thorough description of the company, a brief historical contextualization on the main segments of the market in which the company operates, followed by a summarized description of the results found in the model built from the ground up. This part focuses on the valuation by multiples, the most out of the box valuation method. The final recommendation is to BUY with the predicted price of the valuation model standing at 12.69 € at YE2022 and 12.76 € at YE2023. The estimated share price is above the current one (11.67 €) with a return around 14% on the security, also accounting for the dividend return of 0.75 €.