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Hereby is a report written on a valuation
performed on the share price of a security of a
renown Portuguese competitor in the Iberian
energy market, Galp Energia, SGPS, S.A.. The
report contains a thorough description of the
company, a brief historical contextualization on
the main segments of the market in which the
company operates, followed by a summarized
description of the results found in the model built
from the ground up. This part focuses on the
valuation by multiples, the most out of the box
valuation method.
The final recommendation is to BUY with the
predicted price of the valuation model standing at
12.69 € at YE2022 and 12.76 € at YE2023. The
estimated share price is above the current one
(11.67 €) with a return around 14% on the
security, also accounting for the dividend return
of 0.75 €.
Descrição
Palavras-chave
Equity research Valuation Finance Energy Galp
