Equity report on caterpillar Inc

This paper is presented in the form of an equity report, aiming to evaluate Caterpillar Inc. per share value, comparing its market value with its fair value. This manuscript presents investors with two valuation methodologies – Market Multiples and the Adjusted Present Value – that define a target p...

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Detalhes bibliográficos
Autor principal: Melo, José Maria Correia de Sampaio (author)
Formato: masterThesis
Idioma:eng
Publicado em: 2018
Assuntos:
Texto completo:http://hdl.handle.net/10362/22481
País:Portugal
Oai:oai:run.unl.pt:10362/22481
Descrição
Resumo:This paper is presented in the form of an equity report, aiming to evaluate Caterpillar Inc. per share value, comparing its market value with its fair value. This manuscript presents investors with two valuation methodologies – Market Multiples and the Adjusted Present Value – that define a target price range for Caterpillar’s stocks. The first model compares Caterpillar accountings with its major competitors’ data and in the second model a 10-year forecast valuation was built. Based on the referred methods and supported on the analysis of the firm’s performance and future outlook a sell investment recommendation was made by the author.