Valuation pelo modelo de fluxo de caixa descontado: estudo de caso da empresa Carrefour

Abstract

Discounted Cash Flow Valuation is an approach to estimate the value of a company, asset or project based on its future cash flows and the appropriate discount rate. The objective of this paper was to present the discounted cash flow method through the case analysis of the Carrefour Company. This method aims to determine the economic value of the analyzed company. In this case study, the focus was on the Carrefour Company, a French multinational company in the retail and distribution sector. The Discounted Cash Flow (DCF) method will be used, which consists of projecting the company's future cash flow and discounting it to present value in order to estimate its intrinsic value. Analyses of the company's documents and financial data, including income statements, balance sheets, and cash flows, were carried out. After calculating the company's fair value, sensitivity tests were carried out by changing the model's assumptions. The method proved to be very relevant, and from the results obtained it became apparent that Discounted Cash Flow offers a range of possibilities for maximizing the wealth of the company's investors, and also provides for cost reductions.