Strategic and financial analysis and valuation of the Airbus Group
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Metadata
Title
Strategic and financial analysis and valuation of the Airbus GroupAuthor (s)
Tutor/Supervisor; University.Department
Arnau Paradís, Andrés; Universitat Jaume I. Departament de Finances i ComptabilitatDate
2018-07-11Publisher
Universitat Jaume IAbstract
The main purpose of this thesis was
to carry out a calculation of the theoretical value
of the Airbus Group on the date 31.12.2017, and therefore,
the theoretical price one Airbus share in order ... [+]
The main purpose of this thesis was
to carry out a calculation of the theoretical value
of the Airbus Group on the date 31.12.2017, and therefore,
the theoretical price one Airbus share in order to compare it to
the closing price at the Stock Exchange
and
conclude
if the company shares
were
under-, over- or equal
valued at the end of the
year 2017.
The first step on the valuation process was
the strategic analysis, which showed
the
non-financial value drivers of the
company, in other words, the external and internal
factors that affect the
Airbus Group and its competitive position.
The second step was
the financial statements analysis that displayed
the
company’s
financial value
drivers: it provided
an insight of the financial development of the
company in the past
five
years
and allowed
the comparison to its main
competitors in
the same industry. After finding and putting the financial and non
-financial value drivers together, the
final step was
the valuation of the company. It has been performed through the
Discounted Cash Flows Method
with the WACC as discounting rate. At the end of the
valuation
process,
we concluded that the company was on 31 st
December 2017
undervalued
at the Stock Exchange
because the shares closing market price was 83.4€
and through our valuation we found out that
the theoretical market price should have
been 131.94€. [-]
Subject
Description
Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs: 2017/2018
Type
info:eu-repo/semantics/bachelorThesisRights
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