Risc, rentabilitate și decizii investiționale.Analiza financiară a companiei OMV Petrom S.A.
Risk, profitability and investment decisions.Financial analysis of OMV Petrom
Author(s): Andrei-Lucian PăunSubject(s): Economy, National Economy, Business Economy / Management
Published by: EDITURA ASE
Keywords: fundamental analysis; technical analysis; CAPM; DDM; capital market;
Summary/Abstract: This article analyzes the evolution of OMV Petrom S.A. on the Romanian capital market. The studied period is 2014: 1-2019: 3. Using the CAPM model, it is observed that the company's shares are riskier than the market, and their price is cheap. According to the DDM model, stocks are overvalued. In the long run, a sell signal is indicated. One explanation is the economic difficulty to which the oil industry is exposed. The fundamental analysis attests to the increased liquidity and the attractive return of the dividends of the securities, compared to the domestic competing shares. The evidence of the technical analysis indicates a short-term buy signal, due to the capital accumulation after the fall of the stock quotes from December 2018.
Journal: Colecția de working papers "ABC-ul Lumii Financiare"
- Issue Year: 2019
- Issue No: 8
- Page Range: 520-532
- Page Count: 13
- Language: Romanian
