publication . Master thesis . 2015

Equity valuation of Tesco Plc.

Schmitz, Clemens;
Open Access English
  • Published: 18 Feb 2015
  • Country: Portugal
Abstract
This dissertation aimed to value the British retailer Tesco Plc. The objective was to determine a target price for the company and as a consequence determine a buy or sell recommendation when comparing it to the current market price. After the state of the art of literature regarding equity valuation has been assessed, the retail industry as well as Tesco have been analysed in more detail. Based on this, the retail business of Tesco has been valued using the Adjusted Present Value method. Furthermore a multiples valuation was performed, which did not confirm the results obtained under the intrinsic valuation. The banking business of Tesco has been valued using b...
Subjects
free text keywords: :Ciências Sociais::Economia e Gestão [Domínio/Área Científica]
Related Organizations

3 Industry& Macroeconomicanalysis.............................................................................16 3.1 Overview:Retail Market.......................................................................................................16 3.2 KeyBusinessOpportunitiesandChallenges.......................................................................17 3.3 Macroeconomicenvironment:UKandInternational ........................................................18 3.43 CashreceivedbyTescoforsale(aftertransactioncosts).

1.52 Liabilitiestobookedoutofthebalancesheet.

-4.96 Assetstobetransferredtobuyeratcarryingvalue

Abstract
This dissertation aimed to value the British retailer Tesco Plc. The objective was to determine a target price for the company and as a consequence determine a buy or sell recommendation when comparing it to the current market price. After the state of the art of literature regarding equity valuation has been assessed, the retail industry as well as Tesco have been analysed in more detail. Based on this, the retail business of Tesco has been valued using the Adjusted Present Value method. Furthermore a multiples valuation was performed, which did not confirm the results obtained under the intrinsic valuation. The banking business of Tesco has been valued using b...
Subjects
free text keywords: :Ciências Sociais::Economia e Gestão [Domínio/Área Científica]
Related Organizations

3 Industry& Macroeconomicanalysis.............................................................................16 3.1 Overview:Retail Market.......................................................................................................16 3.2 KeyBusinessOpportunitiesandChallenges.......................................................................17 3.3 Macroeconomicenvironment:UKandInternational ........................................................18 3.43 CashreceivedbyTescoforsale(aftertransactioncosts).

1.52 Liabilitiestobookedoutofthebalancesheet.

-4.96 Assetstobetransferredtobuyeratcarryingvalue

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