• An empirical study on the determinants of price-earnings ratio: Norwegian seafood industry 

      Itemgenova, Aigerim (Masteroppgave/UIS-SV-HH/2017;, Master thesis, 2017-06)
      This research aims to fill the gap in the existing literature by examining the factors explaining the variations in price-earnings ratio for the Norwegian seafood industry. Employing a Random effects model, we demonstrate ...
    • Effect of Exposure to Renewable Energy on Valuation of Oil and Gas Companies 

      Danielsen, Thomas Melvin (Masteroppgave/UIS-TN-IØRP/2017;, Master thesis, 2017-06)
      With increasing focus on global warming and sustainable development in the energy sector, a number of oil and gas companies have an expressed interest in increasing investments and exposure towards renewable energy [12, ...
    • Investment analysis under uncertainty: a case study of investment in fish farming technology 

      Hogstad, Malin (Masteroppgave/UIS-HH/2019;, Master thesis, 2019-06)
      The Norwegian Aquaculture industry is facing great environmental problems, where the Norwegian Government have limited the production potential in the industry until these challenges can be resolved. New technology and ...
    • Valuation of Aker BP ASA 

      Ellertsen, André (Masteroppgave/UIS-HH/2020;, Master thesis, 2020-06-15)
      The valuation will determine the fair value of Aker BP’s equity as of January 1st, 2020, using a fundamental approach. In addition, relative valuation will be included as a supplement. The valuation is done as of January ...
    • Valuation of Aker BP ASA 

      Pedersen, Charlotte (Masteroppgave/UIS-HH/2018;, Master thesis, 2018-06)
      This master thesis conducts a valuation of Aker BP in order to determine the company’s fair value. First, the industry of oil and gas is explained, and the history and current state of Aker BP is established. Then strategic ...
    • Valuation of Golar LNG 

      Hagen, Rolv Martin (Masteroppgave/UIS-SV-HH/2013;, Master thesis, 2013)
      Golar LNG is a company engaged in the LNG shipping business. The company fleet has grown from 6 vessels in 2001 to today’s fleet of 13 vessels, and a further 13 vessels due to be delivered from Q3 2013. The company is ...
    • Valuation of Inditex S.A. 

      Øgreid, Simen Andre Aarsland; Iversen, Sindre (Masteroppgave/UIS-SV-HH/2017;, Master thesis, 2017-06)
      The purpose of this master thesis is to determine the fair value of a share in the Spanish multinational apparel retailer Inditex, compared to the closing market price 15th of March 2017. The equity value will be calculated ...
    • Valuation of Marine Harvest ASA 

      Mccormack, Helene Klungland; Irgens, Linda Maria Stautland (Masteroppgave/UIS-SV-HH/2015;, Master thesis, 2015-06-15)
      I denne masterutredningen foretas en verdsettelse av oppdrettsselskapet Marine Harvest ASA, for å avdekke om aksjekursen reflekterer riktig verdi av selskapet. Verdsettelsen baseres på fundamental verdsettelse, samt ...
    • Valuation of Norwegian Air Shuttle ASA 

      Nordbø, Christer; Raza, Jabbar (Masteroppgave/UIS-SV-HH/2016;, Master thesis, 2016-06-15)
      The purpose of this thesis is to do a valuation on Norwegian Air Shuttle ASA, and based upon this objective we have formulated the following problem statement: “What is the fair value of Norwegian Air Shuttle ASA as per ...
    • Valuation of Norwegian Air Shuttle ASA 

      Iversen Aarrestad, Magnus; Torjusen Oglaend, Einar (Masteroppgave/UIS-HH/2019;, Master thesis, 2019-06-17)
      The purpose of this thesis is to estimate the share price of Norwegian Air Shuttle per 31.12.2018. In order to do so, we will analyze the strategic environment in which Norwegian Air Shuttle ASA operates and its financial ...
    • Valuation of Odfjell Well Services 

      Fugelli, Trond; Tveit, Thomas (Masteroppgave/UIS-SV-HH/2015;, Master thesis, 2015-06)
      The objective of this valuation thesis is to estimate an enterprise value for Odfjell Well Services (OWS). OWS is a division of Odfjell Drilling (ODL) that went public on the Oslo Stock Exchange in the fall of 2013. OWS ...
    • Valuation of SalMar ASA 

      Fongaard, Torjus Syversen; Svanholm, Magnus Larsen (Masteroppgave/UIS-SV-HH/2017;, Master thesis, 2017-06)
      This thesis examines the fair value per share of SalMar ASA, a Norwegian salmon farming company, at 3rd of May 2017. The analysis has been performed using fundamental and relative valuation methods. Future cash flows are ...
    • Verdsettelse av SalMar ASA 

      Torgersen, Eivind Berg (Masteroppgave/UIS-HH/2019;, Master thesis, 2019-06)
      Formålet med denne masterutredelsen er å verdsette det norske sjømatselskapet SalMar ASA den 30. april 2019. Det vil bli estimert en aksjeverdi som sammenlignes mot aksjeprisen i markedet, og det vil bli presentert en ...
    • Vertical integration and value-relevance: Empirical evidence from oil and gas producers 

      Misund, Bård (Journal article; Peer reviewed, 2016-12)
      Oil and gas exploration companies (E and Ps) exhibit large variations in earnings due to volatile oil and gas prices. Furthermore, their primary asset, oil and gas reserves, is accumulated through highly risky exploration ...
    • What can be done to increase the value of Statoil ASA? Analysis of the discrepancy between theoretical value and stock price 

      Guevara, Susana (Masteroppgave/UIS-SV-HH/2014;, Master thesis, 2014-06-15)
      The trend of Statoil’s stock price has remained flat over the course of the last few years, gaining the attention of investors and managers and creating doubts among them as to whether Statoil’s shares are correctly ...
    • Who’s a major? A novel approach to peer group selection: Empirical evidence from oil and gas companies 

      Misund, Bård; Asche, Frank (Journal article; Peer reviewed, 2016-12)
      This study presents a novel approach to selecting comparable companies in equity valuation. While valuation multiples is probably the most common valuation method in practice, discounted cash flow and residual income ...