TRABALHOS DE FIM DE CURSO @PUC-Rio
| Título: | VALUATION FLUMINENSE FOOTBALL CLUB: AN ANALYSIS OF THE CLUB S ECONOMIC AND FINANCIAL VALUE | ||||||||||||
| Autor(es): |
JOAO GUILHERME REZENDE BEZERRA LOBO |
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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=75475@1 [en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/TFCs/consultas/conteudo.php?strSecao=resultado&nrSeq=75475@2 |
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| DOI: | https://doi.org/10.17771/PUCRio.acad.75475 | ||||||||||||
| Resumo: | |||||||||||||
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This study aims to estimate the fair value of Fluminense Football Club using
the Discounted Cash Flow (DCF) method, analyzing its economic and financial
indicators and comparing the results with the valuation conducted by BTG Pactual
Bank within the proposal to transform the club into a Sociedade Anônima do
Futebol (SAF). The research used historical financial data and projections for the
period 2025–2029, considering operational, macroeconomic, and sectoral
assumptions. The model developed estimated a value of approximately BRL 1.09
billion, close to BTG s valuation, demonstrating consistency between the
assumptions and the club s financial reality. The findings highlight the relevance of
management professionalization and external investment through the SAF model
as key drivers for the club s financial sustainability and long-term competitiveness.
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