Equity valuation of the BMW Group
Autor(a) principal: | |
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Data de Publicação: | 2013 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/15607 |
Resumo: | The present dissertation aims to value the BMW group, which currently owns three different and physically powerful brands: BMW, Mini and Rolls Royce. There is still much deliberation among analysts about which valuation method is the most accurate, but almost all investors agree that the Discounted Cash Flow is one of the best models to use. Therefore, the BMW group will be valued with this method, as well as with a relative valuation which is extremely important fundamentally as a complementary tool for the DCF. The Dividend Discount Model was also used in order to value the price per share based on the present value of future dividends. The results obtained with these methodologies will be compared with the ones of an investment bank – JP Morgan, published in 2013. This has been done in order to understand the main differences on the valuation and to provide a way of checking its strength. Therefore, given the exceptional period that the BMW group is undergoing, we find that the current value of BMW is in fact undervalued and that there is a high probability that the current share price of the company will rise. |
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Equity valuation of the BMW GroupDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe present dissertation aims to value the BMW group, which currently owns three different and physically powerful brands: BMW, Mini and Rolls Royce. There is still much deliberation among analysts about which valuation method is the most accurate, but almost all investors agree that the Discounted Cash Flow is one of the best models to use. Therefore, the BMW group will be valued with this method, as well as with a relative valuation which is extremely important fundamentally as a complementary tool for the DCF. The Dividend Discount Model was also used in order to value the price per share based on the present value of future dividends. The results obtained with these methodologies will be compared with the ones of an investment bank – JP Morgan, published in 2013. This has been done in order to understand the main differences on the valuation and to provide a way of checking its strength. Therefore, given the exceptional period that the BMW group is undergoing, we find that the current value of BMW is in fact undervalued and that there is a high probability that the current share price of the company will rise.Martins, José Carlos TudelaVeritati - Repositório Institucional da Universidade Católica PortuguesaSilva, Sara Raquel Pereira2014-11-12T14:04:21Z2014-04-1020132014-04-10T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/15607TID:201104075enginfo: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:RCAAP2023-12-19T01:36:00Zoai:repositorio.ucp.pt:10400.14/15607Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:12:59.485586Repositório 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 |
Equity valuation of the BMW Group |
title |
Equity valuation of the BMW Group |
spellingShingle |
Equity valuation of the BMW Group Silva, Sara Raquel Pereira Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Equity valuation of the BMW Group |
title_full |
Equity valuation of the BMW Group |
title_fullStr |
Equity valuation of the BMW Group |
title_full_unstemmed |
Equity valuation of the BMW Group |
title_sort |
Equity valuation of the BMW Group |
author |
Silva, Sara Raquel Pereira |
author_facet |
Silva, Sara Raquel Pereira |
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 |
Silva, Sara Raquel Pereira |
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 present dissertation aims to value the BMW group, which currently owns three different and physically powerful brands: BMW, Mini and Rolls Royce. There is still much deliberation among analysts about which valuation method is the most accurate, but almost all investors agree that the Discounted Cash Flow is one of the best models to use. Therefore, the BMW group will be valued with this method, as well as with a relative valuation which is extremely important fundamentally as a complementary tool for the DCF. The Dividend Discount Model was also used in order to value the price per share based on the present value of future dividends. The results obtained with these methodologies will be compared with the ones of an investment bank – JP Morgan, published in 2013. This has been done in order to understand the main differences on the valuation and to provide a way of checking its strength. Therefore, given the exceptional period that the BMW group is undergoing, we find that the current value of BMW is in fact undervalued and that there is a high probability that the current share price of the company will rise. |
publishDate |
2013 |
dc.date.none.fl_str_mv |
2013 2014-11-12T14:04:21Z 2014-04-10 2014-04-10T00:00:00Z |
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/10400.14/15607 TID:201104075 |
url |
http://hdl.handle.net/10400.14/15607 |
identifier_str_mv |
TID:201104075 |
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 |
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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) |
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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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