Mascolo, Gianluca (A.A. 2022/2023) The estimation of growth in the evaluation of a company. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Pierluigi Murro, pp. 114. [Master's Degree Thesis]

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Abstract/Index

Company evaluation and the concept of growth. The concept of value and the valuation process. The discounted cash flow method. The theme of company growth and its determinants. Earnings retention, reinvestment rate and return on capital. Predicting cash flows: different approaches to estimate company growth. The basic approach: estimating growth through the company’s historical performance. The exogenous approach: estimating growth through analysts and managers forecasts. The endogenous approach: estimating growth by looking at the company’s fundamentals. Estimating growth in the long term: the terminal value. Estimating growth in certain "particular" situations. The dark side of valuation. Start-ups or young companies with high growth prospects. Cyclical and commodity companies. Multinational and multi-business companies. Companies with intangible assets. The empirical analysis. Introduction to the implementation of two different methods for deriving the growth rate. CNH industrial. Campari NV. Salvatore Ferragamo S.p.a. Leonardo S.p.a. INWIT S.p.a. Ferrari NV.

References

Bibliografia: pp. 111-114.

Thesis Type:	Master's Degree Thesis
Institution:	Luiss Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair:	Advanced corporate finance
Thesis Supervisor:	Murro, Pierluigi
Thesis Co-Supervisor:	Santella, Rosella
Academic Year:	2022/2023
Session:	Summer
Deposited by:	Alessandro Perfetti
Date Deposited:	06 Dec 2023 15:45
Last Modified:	06 Dec 2023 15:45
URI:	https://tesi.luiss.it/id/eprint/37249

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