| dc.description.abstract | This thesis conducts an in-depth analysis of the Dien Quang Lamp Joint Stock
Company in order to determine DQC„s intrinsic value (share price), and to conclude
whether it is overvalued or undervalued. DQC is the largest lighting and electrical
equipment manufacturer that focuses on producing and trading fluorescent lights,
compact lights, LEDs, ballast, and other electrical equipment.
DQC is analyzed by conducting a strategic and financial analysis, where several
models are applied and financial drivers thoroughly analyzed from a historical
perspective. The findings from these analyses act as a foundation for forecasting the
future performance of DQC. The share value is estimated by using the Discounted Cash
Flow (DCF) valuation model on the forecasted figures.
Empirically, the thesis relies on secondary data such as annual reports, academic
books and articles, research papers, news from approved websites and data from
Stockbiz, Vietstock, Cophieu68, and Business Monitor International...
The fundamental valuation (DCF approach) based on the forecasts for DQC
proposes a share price of VND 102,853 which suggests that the market share price of
DQC is undervalued as of 2015. | en_US |
