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Abstract(s)
Fundada em 1975, a Microsoft é uma das empresas mais emblemáticas do planeta. A
missão da empresa passa por dar a oportunidade a cada pessoa ou organização de ser mais
produtiva. As unidades de negócio da empresa dividem-se em: produtividade e processos
de negócio, serviços de cloud e computação pessoal, oferecendo serviços e produtos que
fornecem valor aos seus clientes, ajudando assim a Microsoft a destacar-se perante a sua
concorrência e a alcançar o seu pleno potencial.
De forma a acompanhar as tendências de crescimento e inovação do mercado, a empresa
é pressionada a investir frequentemente no seu crescimento tecnológico e humano e,
portanto, a procura pela inovação e melhorias de processos é constante, o que obrigará a
empresa a concentrar esforços de forma a conseguir manter a sua competitividade interna
e externa.
Com o presente trabalho pretende-se avaliar a empresa, chegando a um preço alvo por
ação em 31/12/2023, para posteriormente emitir uma recomendação de investimento.
O método de avaliação usado nesta análise foi baseado nos modelos DCF (Discounted
Cash Flows) projetando os fluxos de caixa da empresa entre 2023 e 2028, com base nos
quais foi estimado um valor intrínseco de 309,65$ que corresponde a uma potencial
valorização de 30,00% face ao valor da ação a 30/12/2022.
Com base nesta estimativa de valor, é emitida uma recomendação de investimento de
compra - buy, tendo em consideração um conjunto de pressupostos assumidos no cenário
com maior probabilidade de ocorrência.
Founded in 1975, Microsoft is one of the most iconic companies on the planet. The company's mission is to give each person or organization the opportunity to be more productive. The company's business is segmented into productivity and business processes, cloud services and personal computing, offering services and products that add value to its customers helping Microsoft to stand out from its competition and achieve its full potential. To keep up with market growth and innovation trends, the company needs to invest frequently in its technological and human growth, which will force the company to focus all the efforts maintaining its internal and external competitiveness. This work aims to assess Microsoft’s intrinsic value, arriving at a target price per share on 12/31/2023, to subsequently issue an investment recommendation. The valuation method used in this analysis was based on DCF (Discounted Cash Flows) models estimating the company's cash flows between 2023 and 2028, based on which an intrinsic value of $309.65 was estimated, which corresponds to a potential upside of 30.00% comparing to the value of each share on 12/30/2022. Based on this intrinsic value and considering a set of assumptions took into account in the base case scenario, it is issued a buy recommendation.
Founded in 1975, Microsoft is one of the most iconic companies on the planet. The company's mission is to give each person or organization the opportunity to be more productive. The company's business is segmented into productivity and business processes, cloud services and personal computing, offering services and products that add value to its customers helping Microsoft to stand out from its competition and achieve its full potential. To keep up with market growth and innovation trends, the company needs to invest frequently in its technological and human growth, which will force the company to focus all the efforts maintaining its internal and external competitiveness. This work aims to assess Microsoft’s intrinsic value, arriving at a target price per share on 12/31/2023, to subsequently issue an investment recommendation. The valuation method used in this analysis was based on DCF (Discounted Cash Flows) models estimating the company's cash flows between 2023 and 2028, based on which an intrinsic value of $309.65 was estimated, which corresponds to a potential upside of 30.00% comparing to the value of each share on 12/30/2022. Based on this intrinsic value and considering a set of assumptions took into account in the base case scenario, it is issued a buy recommendation.
Description
Keywords
Avaliação empresarial Desenvolvimento tecnológico Inovação Serviços de nuvem Imagem Cash flows Equity research Free cash Flow to firm Free cash flow to equity