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Daimler A.G Group – Equity Research
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Orientador(es)
Resumo(s)
BACKGROUND
A Daimler AG é uma empresa alemã que exerce a sua atividade na indústria automóvel, sendo a maior fabricante de camiões e a décima maior em automóveis de passageiros. OBJECTIVE
O objetivo deste trabalho é avaliar o valor das ações da Daimler AG e calcular o valor da empresa. A escolha desta empresa deve-se ao elevado interesse pela indústria automóvel. METHOD / RESULTS
De acordo com o método de avaliação Discounted Cash Flow, o preço-alvo na data de referência foi de 42,70€, com um potencial de subida de 2,15%. De forma a dar suporte à avaliação, o método de avaliação comparável através dos múltiplos representou um cenário mais pessimista com uma potencial descida. CONCLUSIONS
A indústria automóvel apresenta riscos e um elevado nível de incerteza no mercado, pelo que existe uma necessidade constante de diversificação e adaptação da estratégia da empresa ao contexto atual de inovação.
BACKGROUND Daimler AG is a German company active in the automotive industry, being the largest manufacturer of trucks and the tenth largest in passenger cars. OBJECTIVE The purpose of this paper is to evaluate the value of Daimler AG's shares and calculate the company's value. The choice of this company is due to the high interest in the automotive industry. METHOD / RESULTS According to the Discounted Cash Flow valuation method, the target price on the reference date was € 42.70, with an increase potential of 2.15%. In order to support the assessment, the comparable assessment method across two of the multiples represented a more pessimistic scenario with a potential decline. CONCLUSIONS The automotive industry presents risks and a high level of uncertainty in the market, so there is a constant need to diversify and adapt the company's strategy to the current context of innovation.
BACKGROUND Daimler AG is a German company active in the automotive industry, being the largest manufacturer of trucks and the tenth largest in passenger cars. OBJECTIVE The purpose of this paper is to evaluate the value of Daimler AG's shares and calculate the company's value. The choice of this company is due to the high interest in the automotive industry. METHOD / RESULTS According to the Discounted Cash Flow valuation method, the target price on the reference date was € 42.70, with an increase potential of 2.15%. In order to support the assessment, the comparable assessment method across two of the multiples represented a more pessimistic scenario with a potential decline. CONCLUSIONS The automotive industry presents risks and a high level of uncertainty in the market, so there is a constant need to diversify and adapt the company's strategy to the current context of innovation.
Descrição
Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and Management
Palavras-chave
Automóvel Avaliação Vendas Múltiplos Ações Automobile Valuation Sales Multiples Shares