The IPO of Mobileye Global Inc.: Boom or bust?
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/30444 |
Resumo: | Mobileye Global Inc., a subsidiary of Intel, specializes in advanced driver assistance systems (ADAS) and was relisted on the Nasdaq Global Select Market on October 26, 2022. The company's innovative technology places it at the forefront of the rapidly evolving automobile technology industry. This project analyzes Mobileye's Initial Public Offering (IPO) on October 26, 2022, comparing the stock's debut price with values derived from valuation methods. The aim is to offer an investment recommendation based on pricing and other critical factors, while determining if the stock entered the market at an appropriate valuation. Two valuation models are employed: the Discounted Cash Flow Valuation Model, considering two scenarios, and Relative Valuation (multiples). Assumptions are rooted in historical company performance, macroeconomic environment, and industry data. Additionally, a sensitivity analysis is conducted to the Discounted Cash Flow Valuation Model, to ensure result robustness and assess the impact of different assumptions and potential factor changes on the stock price. In conclusion, the study indicates that Mobileye was undervalued upon market entry, signaling potential for future growth and a good investment opportunity. This insight is pivotal for assessing the company's IPO and its attractiveness to prospective investors. |
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The IPO of Mobileye Global Inc.: Boom or bust?Oferta pública inicial OPI - -- Initial public offering IPOAvaliação de empresas -- Business valuationDCF Discounted Cash Flow --Free Cash Flows to the FirmRelative valuationAvaliação por múltiplos Valuation using multiplesMobileye Global Inc.Fluxos de Caixa Livres para a EmpresaAvaliação relativaMobileye Global Inc., a subsidiary of Intel, specializes in advanced driver assistance systems (ADAS) and was relisted on the Nasdaq Global Select Market on October 26, 2022. The company's innovative technology places it at the forefront of the rapidly evolving automobile technology industry. This project analyzes Mobileye's Initial Public Offering (IPO) on October 26, 2022, comparing the stock's debut price with values derived from valuation methods. The aim is to offer an investment recommendation based on pricing and other critical factors, while determining if the stock entered the market at an appropriate valuation. Two valuation models are employed: the Discounted Cash Flow Valuation Model, considering two scenarios, and Relative Valuation (multiples). Assumptions are rooted in historical company performance, macroeconomic environment, and industry data. Additionally, a sensitivity analysis is conducted to the Discounted Cash Flow Valuation Model, to ensure result robustness and assess the impact of different assumptions and potential factor changes on the stock price. In conclusion, the study indicates that Mobileye was undervalued upon market entry, signaling potential for future growth and a good investment opportunity. This insight is pivotal for assessing the company's IPO and its attractiveness to prospective investors.A Mobileye Global Inc., uma subsidiária da Intel, é especializada em sistemas avançados de assistência ao condutor (SAAC) e entrou no mercado público no Nasdaq Global Select Market a 26 de outubro de 2022. A tecnologia inovadora da empresa coloca-a na vanguarda da indústria tecnológica automóvel em rápida evolução. Este projeto analisa a oferta pública inicial (OPI) da Mobileye no dia 26 de outubro de 2022, comparando os preços de entrada das ações no mercado público com os valores obtidos de métodos de avaliação. O objetivo é oferecer uma recomendação de investimento com base no preço e noutros fatores críticos, determinando simultaneamente se as ações entraram no mercado com uma avaliação adequada. Utilizaram-se dois modelos de avaliação: o modelo de avaliação dos fluxos de caixa descontados, que considera dois cenários, e a avaliação relativa (múltiplos). Os pressupostos são baseados no desempenho histórico da empresa, no ambiente macroeconómico e nos dados do sector. Adicionalmente, efetuou-se uma análise de sensibilidade ao método de avaliação de fluxos de caixa descontados, para garantir a robustez dos resultados e avaliar o impacto de diferentes pressupostos e potenciais alterações de fatores, no preço das ações. Em conclusão, o estudo indica que a Mobileye estava subvalorizada aquando da sua entrada no mercado público, o que indica um potencial de crescimento futuro e uma oportunidade de investimento. Esta perspetiva é fundamental para avaliar a OPI da empresa e a sua atratividade para potenciais investidores.2024-01-17T14:53:46Z2023-12-18T00:00:00Z2023-12-182023-10info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10071/30444TID:203453352engCosta, Daniela Ribeiroinfo: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:RCAAP2024-01-21T01:18:44Zoai:repositorio.iscte-iul.pt:10071/30444Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:52:32.978213Repositório 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 |
The IPO of Mobileye Global Inc.: Boom or bust? |
title |
The IPO of Mobileye Global Inc.: Boom or bust? |
spellingShingle |
The IPO of Mobileye Global Inc.: Boom or bust? Costa, Daniela Ribeiro Oferta pública inicial OPI - -- Initial public offering IPO Avaliação de empresas -- Business valuation DCF Discounted Cash Flow -- Free Cash Flows to the Firm Relative valuation Avaliação por múltiplos Valuation using multiples Mobileye Global Inc. Fluxos de Caixa Livres para a Empresa Avaliação relativa |
title_short |
The IPO of Mobileye Global Inc.: Boom or bust? |
title_full |
The IPO of Mobileye Global Inc.: Boom or bust? |
title_fullStr |
The IPO of Mobileye Global Inc.: Boom or bust? |
title_full_unstemmed |
The IPO of Mobileye Global Inc.: Boom or bust? |
title_sort |
The IPO of Mobileye Global Inc.: Boom or bust? |
author |
Costa, Daniela Ribeiro |
author_facet |
Costa, Daniela Ribeiro |
author_role |
author |
dc.contributor.author.fl_str_mv |
Costa, Daniela Ribeiro |
dc.subject.por.fl_str_mv |
Oferta pública inicial OPI - -- Initial public offering IPO Avaliação de empresas -- Business valuation DCF Discounted Cash Flow -- Free Cash Flows to the Firm Relative valuation Avaliação por múltiplos Valuation using multiples Mobileye Global Inc. Fluxos de Caixa Livres para a Empresa Avaliação relativa |
topic |
Oferta pública inicial OPI - -- Initial public offering IPO Avaliação de empresas -- Business valuation DCF Discounted Cash Flow -- Free Cash Flows to the Firm Relative valuation Avaliação por múltiplos Valuation using multiples Mobileye Global Inc. Fluxos de Caixa Livres para a Empresa Avaliação relativa |
description |
Mobileye Global Inc., a subsidiary of Intel, specializes in advanced driver assistance systems (ADAS) and was relisted on the Nasdaq Global Select Market on October 26, 2022. The company's innovative technology places it at the forefront of the rapidly evolving automobile technology industry. This project analyzes Mobileye's Initial Public Offering (IPO) on October 26, 2022, comparing the stock's debut price with values derived from valuation methods. The aim is to offer an investment recommendation based on pricing and other critical factors, while determining if the stock entered the market at an appropriate valuation. Two valuation models are employed: the Discounted Cash Flow Valuation Model, considering two scenarios, and Relative Valuation (multiples). Assumptions are rooted in historical company performance, macroeconomic environment, and industry data. Additionally, a sensitivity analysis is conducted to the Discounted Cash Flow Valuation Model, to ensure result robustness and assess the impact of different assumptions and potential factor changes on the stock price. In conclusion, the study indicates that Mobileye was undervalued upon market entry, signaling potential for future growth and a good investment opportunity. This insight is pivotal for assessing the company's IPO and its attractiveness to prospective investors. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-12-18T00:00:00Z 2023-12-18 2023-10 2024-01-17T14:53:46Z |
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info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/masterThesis |
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http://hdl.handle.net/10071/30444 TID:203453352 |
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openAccess |
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