Columbia Sportswear Company : equity valuation

Detalhes bibliográficos
Autor(a) principal: Elvas, Afonso Manuel Vasconcelos de Brito
Data de Publicação: 2015
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/19992
Resumo: The aim of this Thesis is to evaluate Columbia Sportswear Company’s stock at 31 December 2014. In this way, to apply the most adjustable methodology I carry out a research among consensual valuation models. I conclude for company’s case DCF-WACC and Relative Valuation are the appropriate ones. Over the recent years, it is seen that company’s positive performance in global outdoor market increased market share. Being future perspectives optimistic resulting in a price target of US$ 61,21. Difference between market price, US$ 44,54, and price target led me to recommend a Buy position for Columbia Sportswear’s stock. A sensitivity analysis for the most critical variables was done and I note that WACC and perpetuity growth variations highly affect DCF-WACC model output. Regarding, comparison with Goldman Sachs we achieved similar investment recommendation.
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spelling Columbia Sportswear Company : equity valuationDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe aim of this Thesis is to evaluate Columbia Sportswear Company’s stock at 31 December 2014. In this way, to apply the most adjustable methodology I carry out a research among consensual valuation models. I conclude for company’s case DCF-WACC and Relative Valuation are the appropriate ones. Over the recent years, it is seen that company’s positive performance in global outdoor market increased market share. Being future perspectives optimistic resulting in a price target of US$ 61,21. Difference between market price, US$ 44,54, and price target led me to recommend a Buy position for Columbia Sportswear’s stock. A sensitivity analysis for the most critical variables was done and I note that WACC and perpetuity growth variations highly affect DCF-WACC model output. Regarding, comparison with Goldman Sachs we achieved similar investment recommendation.Martins, José Carlos TudelaVeritati - Repositório Institucional da Universidade Católica PortuguesaElvas, Afonso Manuel Vasconcelos de Brito2016-04-27T14:38:20Z2016-02-2520152016-02-25T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/19992TID:201169738enginfo: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:RCAAP2023-07-12T17:25:43Zoai:repositorio.ucp.pt:10400.14/19992Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:16:30.975294Repositório 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 Columbia Sportswear Company : equity valuation
title Columbia Sportswear Company : equity valuation
spellingShingle Columbia Sportswear Company : equity valuation
Elvas, Afonso Manuel Vasconcelos de Brito
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Columbia Sportswear Company : equity valuation
title_full Columbia Sportswear Company : equity valuation
title_fullStr Columbia Sportswear Company : equity valuation
title_full_unstemmed Columbia Sportswear Company : equity valuation
title_sort Columbia Sportswear Company : equity valuation
author Elvas, Afonso Manuel Vasconcelos de Brito
author_facet Elvas, Afonso Manuel Vasconcelos de Brito
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 Elvas, Afonso Manuel Vasconcelos de Brito
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 aim of this Thesis is to evaluate Columbia Sportswear Company’s stock at 31 December 2014. In this way, to apply the most adjustable methodology I carry out a research among consensual valuation models. I conclude for company’s case DCF-WACC and Relative Valuation are the appropriate ones. Over the recent years, it is seen that company’s positive performance in global outdoor market increased market share. Being future perspectives optimistic resulting in a price target of US$ 61,21. Difference between market price, US$ 44,54, and price target led me to recommend a Buy position for Columbia Sportswear’s stock. A sensitivity analysis for the most critical variables was done and I note that WACC and perpetuity growth variations highly affect DCF-WACC model output. Regarding, comparison with Goldman Sachs we achieved similar investment recommendation.
publishDate 2015
dc.date.none.fl_str_mv 2015
2016-04-27T14:38:20Z
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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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