VALUATION: Pesquisa exploratória sobre diferentes métodos de avaliação empresarial

Abstract

Brazil registered R$ 258.5 billion in mergers and acquisitions in 2016, requiring business valuations to maximize market value. The research addresses the main methods of evaluation, answering the guiding question about their advantages and disadvantages. Acknowledging the limitations in the face of economic uncertainty, it highlights the influence of strategic information. Structured in four sections, the study uses exploratory research with 20 studies identified in Google Scholar. Section two addresses valuation theory, highlighting the complexity and lack of a single methodology. The third section describes the exploratory methodology. The fourth section presents results, analyzing the methods: equity, by multiples, liquidation values, and discounted cash flow. It concludes that the choice of the model should consider the specific purpose and characteristics of the enterprise. The study hopes to contribute to stock market valuations and encourage further research in management. The brief highlights the importance of informed choice of business valuation methods.