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CTT Portugal: beyond the envelopes - an analysis of CTT´s dividend policy
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| 3.97 MB | Adobe PDF |
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Resumo(s)
This thesis presents a comprehensive valuation of CTT Portugal, analyzing its financial performance,
strategic initiatives, and market position. It applies various valuation methods, including discounted
cash flow (DCF) for Grupo CTT ex-bank, and free cash flow to equity (FCFE) for Banco CTT,
along with multiples valuation, Monte Carlo simulations, sensitivity and scenario analyses.
Additionally, the individual section examines CTT Portugal's dividend policy, analyzing its historical
dividend distribution and evaluating its sustainability using established frameworks. Valuations
through FCFE and DDM models lead to a recommendation for an optimal dividend policy from 2025
to 2032, which balances returns with growth and stability.
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Equity research CTT Portugal Dividend policy Corporate Finance