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Resumo(s)
This work consists of an Equity Research on the company Bayerische Motoren
Werke AG (BMW AG). The main purpose is to conduct a valuation of BMW
AG based on the macroeconomics environment, the industry that is inserted into
and its respective emerging trends, and its peers so that a recommendation on
the company’s stock price can be given to investors. Therefore, we performed
an Intrinsic Valuation using the Discounted Cash Flow (DCF) method and a
Relative Valuation using a multiple analysis method. For the DCF method, we
additionally computed the discount rate for each of BMW’s segments and
thereafter we were able to estimate a final share price of €101.95 for the
forecasted year of 2024. This result yields a return of 11.45%. Hence, the final
recommendation for investors consists of a buy recommendation.
Descrição
Palavras-chave
Bmw Equity research Automotive industry Electric vehicles Valuation
