A theoretical analysis and valuation of equity securities.

Abstract

The aim of this thesis is to conduct analysis of the main reasons that can motivate a valuation process, and the theory that lies behind the most important valuation methods. The main drivers used to make the valuation process have been the well-known discounted cash flow method, the sum of the pats method, and multiples peers based comparable. Identifying when to apply the different methods depending on the situation and how to make use of them properly. After explaining the theoretical part, which is the dissertation’s core purpose, we will run a short but deep practical application of a real case, Prosegur, in which we will try to look into the Security sector from the valuation theory point of view.