Análise de investimento baseada no método de fluxo de caixa descontado

Abstract

This work presents a study about the company WEG S.A., carried out through the investment evaluation model known as Fundamental Analysis. Through this analysis, we sought to verify whether the company's shares could constitute a good investment. The study started from the macroeconomic analysis, in which aspects of the national and international economy that could affect the company, and the way in which they do so, were considered. Then there was the presentation of the company and its characteristics, being verified that, despite the great participation in other niches, the production of electric motors is the main market of the companiy. Afterwards, a sectorial analysis was carried out, which aimed to obtain a diagnosis regarding the characteristics of this market, with the factors that affect it, in addition to the main competitors and the potential markets of the company and its plans for the future. Finally, the analysis of the company was carried out, which together with the engineer's view of the various factors that influence the company's results, provided a view of its current and future economic and financial situation of the company, consisting of the evaluation of the reports accounting, in addition to the calculation of a series of indicators presented in the form of graphs. The pricing of shares was also carried out, using the discounted cash flow method, in an attempt to find their fair value. Among the results, the company's broad ability to adapt to various factors and even severe crises, generally increasing its results even in the most difficult periods. As a conclusion of the fundamental analysis, we had that the company is a great option for a career construction, and in the pricing of the asset, even taking into account all the factors, this work considered the company overpriced, indicating a great investment, but at a high price.