Publicação
Equity Valuation: WTW
| datacite.subject.fos | Ciências Naturais::Ciências da Computação e da Informação | pt_PT |
| dc.contributor.advisor | Bravo, Jorge Miguel Ventura | |
| dc.contributor.author | Batista, Teresa Bento | |
| dc.date.accessioned | 2025-11-11T12:12:18Z | |
| dc.date.available | 2025-11-11T12:12:18Z | |
| dc.date.issued | 2025-10-28 | |
| dc.description | Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and Management | pt_PT |
| dc.description.abstract | The main purpose of this research is to estimate WTW's fair value per share on 28 February 2025, with a view to issuing a reasoned investment recommendation. WTW is a global consulting, brokerage, and solutions company with operations in more than 140 countries and listed on NASDAQ. Two complementary methodologies were applied to determine its intrinsic value: the discounted cash flow (DCF) method, focussing on the free cash flow to the firm (FCFF) model, and the relative valuation based on multiples of comparable companies. The target price obtained was $388.20 per share using the DCF method and $433.50 - $645.55 per share using the relative valuation, both significantly higher than the market price of $339.65 observed on the reference date. The analysis also includes a detailed assessment of the company's corporate and financial structure, an overview of the market, and a sensitivity analysis of the main valuation assumptions. A Monte Carlo simulation is also performed. The results obtained support the view that WTW shares are undervalued by the market, reinforcing a buy recommendation for investors. | pt_PT |
| dc.identifier.tid | 204072220 | |
| dc.identifier.uri | http://hdl.handle.net/10362/190477 | |
| dc.language.iso | eng | pt_PT |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | pt_PT |
| dc.subject | WTW | pt_PT |
| dc.subject | Equity Valuation | pt_PT |
| dc.subject | Free Cash Flow to the Firm | pt_PT |
| dc.subject | Multiple Valuation | pt_PT |
| dc.subject | Monte Carlo Simulation | pt_PT |
| dc.subject | SDG 4 - Quality education | pt_PT |
| dc.subject | SDG 8 - Decent work and economic growth | pt_PT |
| dc.subject | SDG 9 - Industry, innovation and infrastructure | pt_PT |
| dc.title | Equity Valuation: WTW | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | Mestrado em Estatística e Gestão de Informação, especialização em Análise e Gestão de Risco | pt_PT |