Equity valuation

: Eurocash SA

Abstract

Company valuation is a cumbersome endeavor, dependent on different theoretical frameworks and subject to the analysts’ subjective interpretations. This dissertation is focused on valuing Eurocash SA, a Polish wholesaler. Thus, providing an illustration of the challenges faced when valuing enterprises. In particular, three different theoretical frameworks, suggested by the most renowned authors in this field of study, were utilized to capture the value of Eurocash. To successfully accomplish such enterprise, state of the art literature was reviewed, in order to present the reasons for the choice of the valuation models. Additionally, and as a supporting evidence of the subjective trait of company valuation, the work here developed was also compared with a research note from Wood Co dated from September 2012.

Date of Award	26 Feb 2013
Original language	English
Awarding Institution	Universidade Católica Portuguesa
Supervisor	José Carlos Tudela Martins (Supervisor)