Equity Valuation of Cimpor

  • David Nuno Prazeres Algarvio (Student)

Student thesis: Master's Thesis


Based on the major theme of Equity Valuation, this thesis has as its main purpose thevaluation of Cimpor, the biggest Portuguese cement producer and one of the largest inthe World.In order to achieve the final value of such company, a detailed research work had to bedone regarding all the possible valuation methods that could be used, which involved arigorous study over the entire Equity Valuation theory.By reviewing all the available valuation methods and afterwards studying the companystructure and organization, the methodology was chosen and followed according to theparameters established by the explained theory.This process led to a final value for the company that was not only discussed by itself,but also compared with the value achieved by a valuation elaborated by the EquityResearch team of BES Investimento.According to the methodology followed, the assumptions made and the comparisonwith the results from the referred investment bank, the final conclusions were expressed.
Date of Award2012
Original languageEnglish
Awarding Institution
  • Universidade Católica Portuguesa
SupervisorJosé Carlos Tudela Martins (Supervisor)


  • Mestrado em Gestão

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