Philip Morris International, Inc. : equity valuation

Detalhes bibliográficos
Autor(a) principal: Fonseca, Melissa Isabel Santos
Data de Publicação: 2012
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/11672
Resumo: This dissertation is focused on the equity valuation of Philip Morris International, Inc., the leading publicly traded tobacco company. In other words, the work done on this paper aims at determining how much the company is worth given its current assets and position in the market. Such analysis is of great importance for shareholders and potential investors, since the market is not always able to reflect the assets’ true value. Underlying this challenge is an overview of the main equity valuation methodologies and theories, along with other aspects considered as essential in a valuation process. In this context, three methodologies were considered suitable. However, the conclusions were more influenced by the adjusted present value methodology. Philip Morris Int’ is found to be undervalued with 28.32% upside potential, a BUY recommendation. Finally, the methodologies used and results obtained were contrasted to those of UBS Investment Bank, in their report published on April 19th 2012. For a more detailed overview of the dissertation main findings, read the executive summary on appendix O.
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spelling Philip Morris International, Inc. : equity valuationDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis dissertation is focused on the equity valuation of Philip Morris International, Inc., the leading publicly traded tobacco company. In other words, the work done on this paper aims at determining how much the company is worth given its current assets and position in the market. Such analysis is of great importance for shareholders and potential investors, since the market is not always able to reflect the assets’ true value. Underlying this challenge is an overview of the main equity valuation methodologies and theories, along with other aspects considered as essential in a valuation process. In this context, three methodologies were considered suitable. However, the conclusions were more influenced by the adjusted present value methodology. Philip Morris Int’ is found to be undervalued with 28.32% upside potential, a BUY recommendation. Finally, the methodologies used and results obtained were contrasted to those of UBS Investment Bank, in their report published on April 19th 2012. For a more detailed overview of the dissertation main findings, read the executive summary on appendix O.Martins, José Carlos TudelaVeritati - Repositório Institucional da Universidade Católica PortuguesaFonseca, Melissa Isabel Santos2013-07-01T08:58:36Z201220122012-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/11672enginfo: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:RCAAP2023-08-01T23:50:23ZPortal AgregadorONG
dc.title.none.fl_str_mv Philip Morris International, Inc. : equity valuation
title Philip Morris International, Inc. : equity valuation
spellingShingle Philip Morris International, Inc. : equity valuation
Fonseca, Melissa Isabel Santos
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Philip Morris International, Inc. : equity valuation
title_full Philip Morris International, Inc. : equity valuation
title_fullStr Philip Morris International, Inc. : equity valuation
title_full_unstemmed Philip Morris International, Inc. : equity valuation
title_sort Philip Morris International, Inc. : equity valuation
author Fonseca, Melissa Isabel Santos
author_facet Fonseca, Melissa Isabel Santos
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 Fonseca, Melissa Isabel Santos
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 dissertation is focused on the equity valuation of Philip Morris International, Inc., the leading publicly traded tobacco company. In other words, the work done on this paper aims at determining how much the company is worth given its current assets and position in the market. Such analysis is of great importance for shareholders and potential investors, since the market is not always able to reflect the assets’ true value. Underlying this challenge is an overview of the main equity valuation methodologies and theories, along with other aspects considered as essential in a valuation process. In this context, three methodologies were considered suitable. However, the conclusions were more influenced by the adjusted present value methodology. Philip Morris Int’ is found to be undervalued with 28.32% upside potential, a BUY recommendation. Finally, the methodologies used and results obtained were contrasted to those of UBS Investment Bank, in their report published on April 19th 2012. For a more detailed overview of the dissertation main findings, read the executive summary on appendix O.
publishDate 2012
dc.date.none.fl_str_mv 2012
2012
2012-01-01T00:00:00Z
2013-07-01T08:58:36Z
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