摘要:This study aims to conduct the valuation of two publicly traded companies in the Higher Education sector in Brazil: Anhanguera Educacional Participações S/A, and Kroton Educacional S/A. The method used to achieve the proposed objective was the discounted cash flow, which corresponds to designing the future box, find the discount rate for projected cash flow, aiming to arrive at the fair value of the company. The analysis period corresponds the years 2010 to 2014. Finally, the financial results have shown that probability is that the company Kroton Educacional S/A gain advantage as the risk/return, with this in view the investment statement was to same.
关键词:Valuation;Discounted Cash Flow;Evaluation;Accounting;Valuation;Fluxo de Caixa Descontado;Avaliação;Contabilidade