Startup valuation: Rivian stock assessment
The valuation of startups has gained significant importance in recent years as traditional assets yield minimal returns, prompting investors to seek higher return potential and assume greater risk. This thesis explores the necessity of valuing startups and the challenges associated with it. Startups...
| Autor: | |
|---|---|
| Tipo de recurso: | tesis de maestría |
| Fecha de publicación: | 2023 |
| País: | España |
| Institución: | Universitat Politècnica de Catalunya (UPC) |
| Repositorio: | UPCommons. Portal del coneixement obert de la UPC |
| Idioma: | inglés |
| OAI Identifier: | oai:upcommons.upc.edu:2117/398957 |
| Acceso en línea: | https://hdl.handle.net/2117/398957 |
| Access Level: | acceso abierto |
| Palabra clave: | New business enterprises Empreses -- Creació Àrees temàtiques de la UPC::Economia i organització d'empreses |
| Sumario: | The valuation of startups has gained significant importance in recent years as traditional assets yield minimal returns, prompting investors to seek higher return potential and assume greater risk. This thesis explores the necessity of valuing startups and the challenges associated with it. Startups are characterized by their limited profit history, high investments, and evolving business models, making valuation a complex task. The research examines two main groups of valuation methods based on the startup's life cycle phase: traditional methods applicable in growth and maturity phases, such as Discounted Cash Flows (DCF) and EBITDA multiples, and newer models suitable for seed phases, such as Berkus, Scorecard, and Venture Capital. The second part of the project focuses on assessing the stock of Rivian, an electric vehicle company that recently went public. Considering the spectacular stock market growth of Tesla and the subsequent interest in manufacturers like Rivian and Lucid Motors, this evaluation aims to determine if Rivian is currently undervalued and explores the factors behind its initial public offering rally. Through comprehensive analysis and evaluation, this thesis provides valuable insights into startup valuation and its practical implications in the dynamic market landscape. |
|---|