TRABALHOS DE FIM DE CURSO @PUC-Rio
| Título: | VALUATION OF BOA SAFRA SEMENTES S.A.: ESTIMATING THE INTRINSIC VALUE OF BOA SAFRA S.A. THROUGH THE DISCOUNTED CASH FLOW (DCF) METHODOLOGY, CONSIDERING GROWTH PROJECTIONS, MARGINS, CAPEX, RISK, AND CURRENT MARKET VALUE | ||||||||||||
| Autor(es): |
JOSE CLAUDIO BRAGANCA DA C LAVOURAS |
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| Colaborador(es): |
NAIELLY LOPES MARQUES - Orientador |
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| Catalogação: | 23/FEV/2026 | Língua(s): | PORTUGUESE - BRAZIL |
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| Tipo: | TEXT | Subtipo: | SENIOR PROJECT | ||||||||||
| Notas: |
[pt] Todos os dados constantes dos documentos são de inteira responsabilidade de seus autores. Os dados utilizados nas descrições dos documentos estão em conformidade com os sistemas da administração da PUC-Rio. [en] All data contained in the documents are the sole responsibility of the authors. The data used in the descriptions of the documents are in conformity with the systems of the administration of PUC-Rio. |
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| Referência(s): |
[pt] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/TFCs/consultas/conteudo.php?strSecao=resultado&nrSeq=75472@1 [en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/TFCs/consultas/conteudo.php?strSecao=resultado&nrSeq=75472@2 |
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| DOI: | https://doi.org/10.17771/PUCRio.acad.75472 | ||||||||||||
| Resumo: | |||||||||||||
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This study aims to estimate the fair value of Boa Safra Sementes S.A.
(SOJA3) using the Discounted Cash Flow (DCF) method, taking into account its
historical performance, financial projections, and the specific characteristics of the
Brazilian agribusiness sector. The research utilizes operational and economic data
from 2012 to 2024, as well as projections for the period between 2025 and 2029,
incorporating assumptions related to revenue, operating margins, CAPEX, working
capital, and the Weighted Average Cost of Capital (WACC). The developed model
resulted in an estimated company value of approximately 2.29 billion reais,
equivalent to a fair price of 16.99 reais per share, indicating a potential upside relative
to the current market price. The results demonstrate consistency between the
assumptions adopted, the consensus of market analysts, and the company s
growth structure, reinforcing the relevance of valuation as a tool for investment
decision-making and for understanding the key value drivers of Boa Safra in the
long term.
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