André, RosárioFerreira, Diogo Alberto Campos Cantante2020-10-222020-10-222020-01-162020-01-02http://hdl.handle.net/10362/106051The purpose of this report is to determine, within a reasonable margin of error, a target price for Deutsch Lufthansa AG and to provide an investment recommendation. To this end, I conducted a thorough analysis of the company in order to best forecast future cash flows. The methodology followed to value the company was the DCF method. It was accompanied by a multiples analysis and a sensitivity analysis. I reached a hold recommendation and I expect Lufthansa’s stock to be worth 15.87€ in 31stDecember 2020.engTarget-priceDCFMultiples analysisSensitivity analysismaster thesis202495078