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Daimler truck spin-off valuation and analysis - examining parent company value creation through abnormal returns in corporate spin-offs
| Nome: | Descrição: | Tamanho: | Formato: | |
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| 3.45 MB | Adobe PDF |
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Resumo(s)
This study offers an insightful analysis of the corporate spin-off of Daimler Truck Holding AG
from its parent company, Mercedes-Benz AG, on December 10, 2021. The valuation of Daimler
Truck's stock price on its initial trading day is approached through three distinct methods: 1)
intrinsic value, 2) Comparable Company Analysis, and 3) Precedent Transaction Analysis.
Among these approaches, the intrinsic value method yields the most reliable output, given
Daimler Truck's status as a company characterised by stable cash flows. In addition to the
valuation analysis, the research project comprises a distinct component: Analysing abnormal
returns for parent companies in corporate spin-offs.
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Valuation Corporate spin-off Parent company abnormal returns Value creation