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This report is an Equity Research done as part of a final year project for the MSc in Finance of Nova School of
Business and Economics. The goal of the paper is to conduct a thorough analysis of Pfizer’s business model and to
evaluate the value drivers and trends of the Pharmaceutical Industry. Financials of main big players were compared
to assess the position of our target. We arrived at a valuation of 69.28$ using the DCF method, which is an increase
of 26% in the stock price one year from today.
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Valuation Finance
