Equity valuation
: Koninklijke Philips N.V.

  • Dalvim de Jesus Vidal Pipa (Student)

Student thesis: Master's Thesis


Value creation study is still a pertinent subject and in this dissertation I went through value creation for equity holder’s perspectives concluding that the variety of equity valuation model can reflect the fair value if correct assumption are done. A depth analysis on the financial statement and economy development drove sense of the actual conditions of the market and expected pace of growth. Using the fundaments of Adjusted Present Value, Koninklijke Philips N.V. value was studied reaching the conclusion that in the end of May 2015 it was undervalued considering 6.31 percent as the discount factor and 0.9 percent as the steady state terminal growth.
Date of Award2015
Original languageEnglish
Awarding Institution
  • Universidade Católica Portuguesa
SupervisorJosé Carlos Tudela Martins (Supervisor)


  • Mestrado em Finanças

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