Equity valuation : Pirelli & C. SpA

Bibliographic Details
Main Author: Bernardino, André Rolhas
Publication Date: 2015
Format: Master thesis
Language: eng
Source: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Download full: http://hdl.handle.net/10400.14/19968
Summary: This thesis has the purpose to value Pirelli & C. SpA at 31st of December of 2014. Pirelli is publicly traded in the Milan Stock Exchange, Borsa Italiana, and it is known as the fifth largest tyre manufacturer in the world with a great focus on high-end premium tyres. To valuate Pirelli’s equity a discounted cash flow methodology is used with an outcome of a 14,39 Euros price per share. To complete the valuation it is put in place a relative valuation, which supports the author’s recommendation to buy, since the price at that time was 11,21 Euros. Finally, a comparison to a J.P. Morgan report is made where the investment bank estimates a price of 13,00 Euros followed by a neutral recommendation as it is expected no underperformance nor outperformance while compared to the market.
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spelling Equity valuation : Pirelli & C. SpADomínio/Área Científica::Ciências Sociais::Economia e GestãoThis thesis has the purpose to value Pirelli & C. SpA at 31st of December of 2014. Pirelli is publicly traded in the Milan Stock Exchange, Borsa Italiana, and it is known as the fifth largest tyre manufacturer in the world with a great focus on high-end premium tyres. To valuate Pirelli’s equity a discounted cash flow methodology is used with an outcome of a 14,39 Euros price per share. To complete the valuation it is put in place a relative valuation, which supports the author’s recommendation to buy, since the price at that time was 11,21 Euros. Finally, a comparison to a J.P. Morgan report is made where the investment bank estimates a price of 13,00 Euros followed by a neutral recommendation as it is expected no underperformance nor outperformance while compared to the market.Martins, José Carlos TudelaVeritati - Repositório Institucional da Universidade Católica PortuguesaBernardino, André Rolhas2016-04-26T08:13:15Z2015-11-0520152015-11-05T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/19968TID:201169991enginfo: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:RCAAP2023-07-12T17:25:42Zoai:repositorio.ucp.pt:10400.14/19968Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:16:29.839813Repositório 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 : Pirelli & C. SpA
title Equity valuation : Pirelli & C. SpA
spellingShingle Equity valuation : Pirelli & C. SpA
Bernardino, André Rolhas
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Equity valuation : Pirelli & C. SpA
title_full Equity valuation : Pirelli & C. SpA
title_fullStr Equity valuation : Pirelli & C. SpA
title_full_unstemmed Equity valuation : Pirelli & C. SpA
title_sort Equity valuation : Pirelli & C. SpA
author Bernardino, André Rolhas
author_facet Bernardino, André Rolhas
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 Bernardino, André Rolhas
dc.subject.por.fl_str_mv Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This thesis has the purpose to value Pirelli & C. SpA at 31st of December of 2014. Pirelli is publicly traded in the Milan Stock Exchange, Borsa Italiana, and it is known as the fifth largest tyre manufacturer in the world with a great focus on high-end premium tyres. To valuate Pirelli’s equity a discounted cash flow methodology is used with an outcome of a 14,39 Euros price per share. To complete the valuation it is put in place a relative valuation, which supports the author’s recommendation to buy, since the price at that time was 11,21 Euros. Finally, a comparison to a J.P. Morgan report is made where the investment bank estimates a price of 13,00 Euros followed by a neutral recommendation as it is expected no underperformance nor outperformance while compared to the market.
publishDate 2015
dc.date.none.fl_str_mv 2015-11-05
2015
2015-11-05T00:00:00Z
2016-04-26T08:13:15Z
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/10400.14/19968
TID:201169991
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identifier_str_mv TID:201169991
dc.language.iso.fl_str_mv eng
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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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
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