Equity Valuation: Sonae SGPS S.A.

Bibliographic Details
Main Author: Correia, Fernando Miguel Reis
Publication Date: 2024
Format: Master thesis
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10362/175133
Summary: Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and Management
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network_name_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
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spelling Equity Valuation: Sonae SGPS S.A.Equity ValuationSonae SGPS S.A.Free Cash Flow to the FirmMultiple ValuationRetailSDG 4 - Quality educationSDG 8 - Decent work and economic growthSDG 9 - Industry, innovation and infrastructureDomínio/Área Científica::Ciências Naturais::Ciências da Computação e da InformaçãoDissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and ManagementValuation of companies is a critical exercise across various contexts, including financing, asset transactions, investment decisions, and internal management. Sonae SGPS S.A., a leading conglomerate in Portugal and listed on the Lisbon Stock Exchange (Euronext Lisbon) has a strong presence in various markets being an important driver of the country's economic growth, and for that reason the main goal of this project is to accurately estimate the pershare fair value of the company Sonae SGPS, S.A and emit an opinion regarding a potential investment. This project will begin by identifying different valuation methods, followed by an analysis of Sonae group with a focus on its history, each company’s details and financials. Additionally, the main industry in which Sonae operates will be analyzed and the economic context of Portugal and Europe. Finally, to estimate the per-share fair value of Sonae SGPS, S.A. it will be used the discounted cash flow method, more specifically the Free Cash Flow to the Firm approach and the relative method with the multiples approach. This methodology resulted in an equity value per share of 4.39€ in the Discounted Cash Flow method and 2.12€ in the Relative method, being a clear sign that Sonae SGPS S.A is undervalued as at 31/12/2023.Bravo, Jorge Miguel VenturaRUNCorreia, Fernando Miguel Reis2024-11-13T17:00:31Z2024-10-312024-10-31T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/175133TID:203776232enginfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-01-13T01:42:56Zoai:run.unl.pt:10362/175133Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T19:14:10.192086Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Equity Valuation: Sonae SGPS S.A.
title Equity Valuation: Sonae SGPS S.A.
spellingShingle Equity Valuation: Sonae SGPS S.A.
Correia, Fernando Miguel Reis
Equity Valuation
Sonae SGPS S.A.
Free Cash Flow to the Firm
Multiple Valuation
Retail
SDG 4 - Quality education
SDG 8 - Decent work and economic growth
SDG 9 - Industry, innovation and infrastructure
Domínio/Área Científica::Ciências Naturais::Ciências da Computação e da Informação
title_short Equity Valuation: Sonae SGPS S.A.
title_full Equity Valuation: Sonae SGPS S.A.
title_fullStr Equity Valuation: Sonae SGPS S.A.
title_full_unstemmed Equity Valuation: Sonae SGPS S.A.
title_sort Equity Valuation: Sonae SGPS S.A.
author Correia, Fernando Miguel Reis
author_facet Correia, Fernando Miguel Reis
author_role author
dc.contributor.none.fl_str_mv Bravo, Jorge Miguel Ventura
RUN
dc.contributor.author.fl_str_mv Correia, Fernando Miguel Reis
dc.subject.por.fl_str_mv Equity Valuation
Sonae SGPS S.A.
Free Cash Flow to the Firm
Multiple Valuation
Retail
SDG 4 - Quality education
SDG 8 - Decent work and economic growth
SDG 9 - Industry, innovation and infrastructure
Domínio/Área Científica::Ciências Naturais::Ciências da Computação e da Informação
topic Equity Valuation
Sonae SGPS S.A.
Free Cash Flow to the Firm
Multiple Valuation
Retail
SDG 4 - Quality education
SDG 8 - Decent work and economic growth
SDG 9 - Industry, innovation and infrastructure
Domínio/Área Científica::Ciências Naturais::Ciências da Computação e da Informação
description Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and Management
publishDate 2024
dc.date.none.fl_str_mv 2024-11-13T17:00:31Z
2024-10-31
2024-10-31T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/175133
TID:203776232
url http://hdl.handle.net/10362/175133
identifier_str_mv TID:203776232
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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