Martins, FranciscoFernandes, Pedro2023-12-122023-12-122022-12-162022-12-16http://hdl.handle.net/10362/161120This report is part of a broader Equity Research report to the GPA Group in order to clarify the main sources of value to conclude in a recommendation based on the target price. The GPA Group operates in Latin America with a diverse range of brands that extend the possibilities of value sourcing. In order to properly value the company, it is important to under its operations and align the understanding with the projections.engPão de açúcarFood RetailRecommendationProjectionsmaster thesis203310900