![]() ![]() The observable share price from the discounted cash flow was 595 NOK and 132 NOK from the multiple approach. The liquidation method basically told us that if the choice was to liquidate the company, there would be nothing left to the shareholders. ![]() Our valuation conclusion was that Norwegian´s share price the was overpriced according to both our DCF and multiple valuation. In addition, the expansion in the long-haul market seems to be growing rapidly, especially in the US where they are one of the biggest carriers in New York and Los Angeles. However, Norwegian is in a situation where they are able to obtain market shares from competitors. The intense competition in the industry keeps putting pressure on ticket prices resulting in a lower revenue growth. Norwegian faces both challenges and opportunities in the foreseeing future. The valuation methods will be a discounted cash flow, multiple valuation and liquidation method. Based upon this information we will conduct a forecasting section that will be used in the valuation. We will under financial analysis reformulate Norwegian’s and make adjustments in order to make both Norwegian and the peer group comparable. Furthermore, we will perform a financial statement analysis, in this section we will introduce the peer group. We will at first give a proper presentation about Norwegian Air shuttle followed by a strategic analysis where we will analyze the external and internal environment that Norwegian operates in. This will be used as a basis for our financial analysis, forecasting and finally a valuation. In order to do so, we will analyze the strategic environment in which Norwegian Air Shuttle ASA operates and its financial position. The purpose of this thesis is to estimate the share price of Norwegian Air Shuttle per. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |