Equity valuation
: Corticeira Amorim

  • Beatriz Landeiro Negrão Silva Rocha (Student)

Student thesis: Master's Thesis

Abstract

Through this thesis, I present an equity valuation exercise on the world leader in the cork industry, Corticeira Amorim. In line with the company’s recommendations and the industry research, I was able to construct its future scenario and come up with a fair 2015 year end value per share of EUR 8,80 and a BUY recommendation. A broad overview of the Equity Valuation literature was essential to support the assumptions taken and to improve the valuation coherence. Finally, I have discussed conceptual differences between my valuation and BPI’s methodology, the bank that more closely follows Corticeira Amorim.
Date of Award23 Feb 2016
Original languageEnglish
Awarding Institution
  • Universidade Católica Portuguesa
SupervisorJosé Carlos Tudela Martins (Supervisor)

Keywords

  • Equity valuation
  • Corticeira Amorim
  • DCF valuation
  • Relative valuation

Designation

  • Mestrado em Finanças

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