Equity valuation : Grupo Semapa : firm valuation theory applied

Detalhes bibliográficos
Autor(a) principal: Patrão, Miguel Santos Fonseca
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/10400.14/11677
Resumo: This dissertation aims to value the intrinsic value of the holding Semapa, applying the Equity Valuation theory. In order to apply the most suitable methods and appropriate assumptions, this paper firstly outlines the existing valuation frameworks and techniques, along with the academic debates on the most relevant valuation topics. The valuation is done as the sum of the parts of the companies owned by Semapa – Portucel, Secil, ETSA and Supremo – using a Discounted Cash Flow approach and the Multiples approach. Lastly, this dissertation compares the methods used and the results obtained to those of an investment bank, analyzing the differences with the purpose of understanding the reasons behind the dispersions of values obtained from different valuation methods.
id RCAP_f6d8806eac5f1a13b041dcb27b5ec173
oai_identifier_str oai:repositorio.ucp.pt:10400.14/11677
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str
spelling Equity valuation : Grupo Semapa : firm valuation theory appliedDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis dissertation aims to value the intrinsic value of the holding Semapa, applying the Equity Valuation theory. In order to apply the most suitable methods and appropriate assumptions, this paper firstly outlines the existing valuation frameworks and techniques, along with the academic debates on the most relevant valuation topics. The valuation is done as the sum of the parts of the companies owned by Semapa – Portucel, Secil, ETSA and Supremo – using a Discounted Cash Flow approach and the Multiples approach. Lastly, this dissertation compares the methods used and the results obtained to those of an investment bank, analyzing the differences with the purpose of understanding the reasons behind the dispersions of values obtained from different valuation methods.Martins, José Carlos TudelaVeritati - Repositório Institucional da Universidade Católica PortuguesaPatrão, Miguel Santos Fonseca2013-07-01T13:01:08Z2013-04-0420132013-04-04T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/11677TID:201090520enginfo: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:RCAAP2023-07-12T17:16:07ZPortal AgregadorONG
dc.title.none.fl_str_mv Equity valuation : Grupo Semapa : firm valuation theory applied
title Equity valuation : Grupo Semapa : firm valuation theory applied
spellingShingle Equity valuation : Grupo Semapa : firm valuation theory applied
Patrão, Miguel Santos Fonseca
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Equity valuation : Grupo Semapa : firm valuation theory applied
title_full Equity valuation : Grupo Semapa : firm valuation theory applied
title_fullStr Equity valuation : Grupo Semapa : firm valuation theory applied
title_full_unstemmed Equity valuation : Grupo Semapa : firm valuation theory applied
title_sort Equity valuation : Grupo Semapa : firm valuation theory applied
author Patrão, Miguel Santos Fonseca
author_facet Patrão, Miguel Santos Fonseca
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 Patrão, Miguel Santos Fonseca
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 aims to value the intrinsic value of the holding Semapa, applying the Equity Valuation theory. In order to apply the most suitable methods and appropriate assumptions, this paper firstly outlines the existing valuation frameworks and techniques, along with the academic debates on the most relevant valuation topics. The valuation is done as the sum of the parts of the companies owned by Semapa – Portucel, Secil, ETSA and Supremo – using a Discounted Cash Flow approach and the Multiples approach. Lastly, this dissertation compares the methods used and the results obtained to those of an investment bank, analyzing the differences with the purpose of understanding the reasons behind the dispersions of values obtained from different valuation methods.
publishDate 2013
dc.date.none.fl_str_mv 2013-07-01T13:01:08Z
2013-04-04
2013
2013-04-04T00:00:00Z
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/10400.14/11677
TID:201090520
url http://hdl.handle.net/10400.14/11677
identifier_str_mv TID:201090520
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 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
repository.mail.fl_str_mv
_version_ 1777303131798896640