André, RosárioPineño, Guillem Franch2025-08-292025-08-292025-01-222024-12-17http://hdl.handle.net/10362/187157This individual report offers a comprehensive valuation and strategic analysis of Puig Brands, a family-owned enterprise in the premium beauty industry. This report focuses on the company overview, business model, corporate governance, ownership structure, recent developments, and valuation methodologies and procedures. Derived from a broader joint equity research project, covering the financial analysis, the industry overview, and the investment recommendation, this individual report highlights Puig’s status as a leader in the premium beauty industry, its strategic responses to market challenges, and its valuation. Key insights include an evaluation of Puig’s brand portfolio, strategic pillars, the implications of its recent IPO, and a valuation model based on a Discounted Cash Flow (DCF) model and a comparable listed peers valuation. The findings demonstrate Puig’s growth potential, culminating in a target share price of €23.72.engPremium beautyIPOAcquisitionsOwned brandsmaster thesis203991249