Valuation of a fintech company: Lending Club

Detalhes bibliográficos
Autor(a) principal: Jiayu Yao
Data de Publicação: 2018
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/18806
Resumo: The objective of this project is to perform a firm valuation analysis of Lending Club, using the Free Cash Flow method and multiples in order to provide insight on the valuation of a company with negative income. Let us know deeply of financial technology (Fintech). Original data was collected via Lending Club‘s website. The FCFF and relative valuation methods were used in the valuation of the target firm. The results reveal that the P/S ratio and EV/Sales ratio are suitable for the valuation of high-tech companies, which are not yet profitable. The most critical factor for Fintech companies is goodwill and the reason why Lending Club suffers a setback is goodwill impairment. Even though a developing industry usually has many problems in terms of supervision, information safety and management, the prospect is still lactiferous. This empirical study helps to understand the benefits and risk factors associated with Fintech and the valuation method for companies with ailing financial health.
id RCAP_ea280d605a4dd0c82cd38e9b4c17d5d1
oai_identifier_str oai:repositorio.iscte-iul.pt:10071/18806
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Valuation of a fintech company: Lending ClubFintechLending ClubCorporate valuationGoodwillFinançasInstituições financeirasAvaliação de empresas -- Business valuationRisco financeiroFluxos monetáriosTrabalho de projetoThe objective of this project is to perform a firm valuation analysis of Lending Club, using the Free Cash Flow method and multiples in order to provide insight on the valuation of a company with negative income. Let us know deeply of financial technology (Fintech). Original data was collected via Lending Club‘s website. The FCFF and relative valuation methods were used in the valuation of the target firm. The results reveal that the P/S ratio and EV/Sales ratio are suitable for the valuation of high-tech companies, which are not yet profitable. The most critical factor for Fintech companies is goodwill and the reason why Lending Club suffers a setback is goodwill impairment. Even though a developing industry usually has many problems in terms of supervision, information safety and management, the prospect is still lactiferous. This empirical study helps to understand the benefits and risk factors associated with Fintech and the valuation method for companies with ailing financial health.Este projeto visa realizar uma avaliação da empresa Lending Club, usando o método do Free Cash Flow e dos múltiplos, fornecendo informações sobre a avaliação de uma empresa com resultados negativos. Esta avaliação permite adquirir informação relevante sobre as empresas de tecnologia financeira (Fintech). Os dados originais sobre a empresa foram obtidos através do seu website. Os resultados revelam que os rácios P/S e EV/Vendas são adequados para a avaliação de empresas de tecnologia de ponta, que ainda não são rentáveis. O fator mais crítico para as empresas de Fintech é o goodwill, razão pela qual a Lending Club sofreu um revés na deterioração do seu goodwill. Mesmo que esta indústria em desenvolvimento tenha problemas em termos de supervisão, segurança da informação e de gestão, a perspetiva ainda é favorável. Este estudo empírico ajuda a entender os benefícios e fatores de risco associados às Fintech e aos métodos de avaliação para empresas com problemas de saúde financeira.2019-10-15T13:15:07Z2019-07-09T00:00:00Z2019-07-092018-10info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfapplication/octet-streamhttp://hdl.handle.net/10071/18806TID:202263282engJiayu Yaoinfo: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:RCAAP2023-11-09T17:49:54Zoai:repositorio.iscte-iul.pt:10071/18806Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:24:33.377129Repositório 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 Valuation of a fintech company: Lending Club
title Valuation of a fintech company: Lending Club
spellingShingle Valuation of a fintech company: Lending Club
Jiayu Yao
Fintech
Lending Club
Corporate valuation
Goodwill
Finanças
Instituições financeiras
Avaliação de empresas -- Business valuation
Risco financeiro
Fluxos monetários
Trabalho de projeto
title_short Valuation of a fintech company: Lending Club
title_full Valuation of a fintech company: Lending Club
title_fullStr Valuation of a fintech company: Lending Club
title_full_unstemmed Valuation of a fintech company: Lending Club
title_sort Valuation of a fintech company: Lending Club
author Jiayu Yao
author_facet Jiayu Yao
author_role author
dc.contributor.author.fl_str_mv Jiayu Yao
dc.subject.por.fl_str_mv Fintech
Lending Club
Corporate valuation
Goodwill
Finanças
Instituições financeiras
Avaliação de empresas -- Business valuation
Risco financeiro
Fluxos monetários
Trabalho de projeto
topic Fintech
Lending Club
Corporate valuation
Goodwill
Finanças
Instituições financeiras
Avaliação de empresas -- Business valuation
Risco financeiro
Fluxos monetários
Trabalho de projeto
description The objective of this project is to perform a firm valuation analysis of Lending Club, using the Free Cash Flow method and multiples in order to provide insight on the valuation of a company with negative income. Let us know deeply of financial technology (Fintech). Original data was collected via Lending Club‘s website. The FCFF and relative valuation methods were used in the valuation of the target firm. The results reveal that the P/S ratio and EV/Sales ratio are suitable for the valuation of high-tech companies, which are not yet profitable. The most critical factor for Fintech companies is goodwill and the reason why Lending Club suffers a setback is goodwill impairment. Even though a developing industry usually has many problems in terms of supervision, information safety and management, the prospect is still lactiferous. This empirical study helps to understand the benefits and risk factors associated with Fintech and the valuation method for companies with ailing financial health.
publishDate 2018
dc.date.none.fl_str_mv 2018-10
2019-10-15T13:15:07Z
2019-07-09T00:00:00Z
2019-07-09
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/10071/18806
TID:202263282
url http://hdl.handle.net/10071/18806
identifier_str_mv TID:202263282
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
application/octet-stream
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
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)
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
repository.mail.fl_str_mv
_version_ 1799134807825842176

Registros relacionados