Maragro Group : equity valuation

The aim of this dissertation is to estimate the fair value of the equity of Maragro Group, an enterprise located in Romania and operating in the Farming segment. The valuation has been performed by taking into consideration the latest financial information available as well as predictions made by th...

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Bibliographic Details
Main Author: Biscontin, Riccardo (author)
Format: masterThesis
Language:eng
Published: 2018
Subjects:
Online Access:http://hdl.handle.net/10400.14/25885
Country:Portugal
Oai:oai:repositorio.ucp.pt:10400.14/25885
Description
Summary:The aim of this dissertation is to estimate the fair value of the equity of Maragro Group, an enterprise located in Romania and operating in the Farming segment. The valuation has been performed by taking into consideration the latest financial information available as well as predictions made by the management team regarding the 2017-2018 campaign. For these reasons, the value of the company shall be intended as of the 31.12.2017. Methods used for the valuation include the discounted Cash-flow methodology and more specifically the Adjusted Present Value approach, whereas multiples have been taken into consideration as to analyze the possible differences that characterize the Group as opposed to the companies representing the peer group. The outcome of this study is that Maragro Group shall be attributed a total enterprise value of 254.343.809 RON and an Equity value of 177.437.682 RON.