Χρηματοοικονομική αξιολόγηση και αποτίμηση επιχειρήσεων. Μελέτη περίπτωσης εταιρίας του κλάδου ανανεώσιμων πηγών ενέργειας

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Keywords
Χρηματοοικονομική ανάλυση ; Αριθμοδείκτες ; Ανανεώσιμες πηγές ενέργειας ; Μοντέλο προεξόφλησης ελεύθερων ταμειακών ροώνAbstract
The aim of this paper was the financial evaluation and valuation of the company
TERNA Energy, which is one of the most important companies in the sector of
renewable energy sources in Greece today.
In particular, for the purposes of carrying out the analysis in question, the tools of the
analysis of financial ratios, horizontal and vertical analysis were used, while for the
valuation of the company the discounting model of free cash flows was used.
The main conclusion, which was drawn from this paper, is that TERNA Energy shows
a particularly satisfactory financial situation, mainly in the fields of liquidity and
efficiency, which makes it a particularly attractive investment option, which was also
confirmed by the particularly high value displayed by the company through its free cash
flow model.
On the other hand, however, the company must take measures to reduce its liabilities
and strengthen its equity, as well as review its credit policy, in order to reduce the
amount of receivables from customers, which is constantly increasing during the period
studied in this work.