Castro, Filipa Frade deEnes, Maria Inês Barreiro2020-10-192020-10-192020-01-152020-01-03http://hdl.handle.net/10362/105858The present Equity Research serves the purpose of performinga valuation of Farfetch, the leadingtechnology platform for the global luxury fashion industry. The valuation was performed consideringthe company’s bulls–it belongsto an expanding market;it followsthe market trends; it disruptsthe market–and itsbears–it might not sustain high takerates in thefuture; the possible negative effect of itsmergers and acquisitionsstrategy;Brexit.After analysing the company and the market, a Discounted Cash Flowmodel was built. Our final recommendationis a Buy, with a price targetof $16.98.engDisruptFutureLuxuryTechnology.master thesis202494284