Procjena vrijednosti Inditex Grupe s naglaskom na ekološke, socijalne i upravljačke faktore u kontekstu održivosti svjetske tekstilne industrije

master's thesis

• Title (english): Valuation of the Inditex Group with an emphasis on environmental, social, and governance factors in the context of sustainability in the global textile industry
• Author: Ivana Vučur
• Mentor: Andrija Sabol (mentor)
• Committee member: Denis Dolinar (član povjerenstva)
• Committee member: Andrija Sabol (predsjednik povjerenstva)
• Committee member: Ena Pecina (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Managerial Economics); Zagreb
• Defense date and country: 2025-02-24, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Metoda diskontiranih novčanih tokova (DCF) jedna je od najčešće korištenih tehnika za procjenu vrijednosti poduzeća u financijskom sektoru zbog svojih prednosti, među kojima se izdvaja duboko ukorijenjena fundamentalna analiza poslovanja poduzeća, kao i uzimanje u obzir vremenske vrijednosti novca. Ova metoda koristi ponderirani prosječan trošak kapitala kao diskontnu stopu, što omogućava precizno vrednovanje budućih novčanih tokova. U okviru ovog istraživanja, provedena je procjena vrijednosti Inditex Grupe, španjolskog proizvođača i maloprodavatelja u tekstilnoj industriji, koji se svrstava među najveće globalne igrače u spomenutoj industriji. S obzirom na izazove koje tekstilna industrija suočava s ekološkim problemima i zagađenjem, investitori sve više razmatraju i društveno odgovorne aspekte (ESG ocjene) prilikom donošenja investicijskih odluka. Stoga, osim temeljite analize poslovanja i procjene vrijednosti, u ovom radu provedena je i analiza ESG ocjene Inditex Grupe, kako bi se istražile aktivnosti i inicijative poduzeća u kontekstu ekološke, društvene i upravljačke odgovornosti.

Abstract (english)

The Discounted Cash Flow (DCF) method is one of the most commonly used techniques for estimating the value of a company in the financial sector due to its advantages, which include a deeply rooted fundamental analysis of the company’s operations as well as consideration of the time value of money. This method uses the weighted average cost of capital as the discount rate, enabling the precise valuation of future cash flows. Within the scope of this research, a valuation of Inditex Group, a Spanish manufacturer and retailer in the textile industry, was conducted. Inditex is ranked among the largest global players in this sector. Given the environmental challenges faced by the textile industry, particularly with issues related to pollution, investors are increasingly considering socially responsible factors (ESG ratings) when making investment decisions. Therefore, in addition to the fundamental business analysis and valuation, this study also includes an analysis of Inditex Group’s ESG rating in order to explore the company’s actions and initiatives regarding environmental, social, and governance responsibility.

• Keywords: procjena vrijednosti poduzeća; DCF metoda; diskontna stopa; ESG ocjena; okolišni faktori; društveni faktori; upravljački faktori; tekstilna industrija
• Keywords (english): company valuation; DCF method; discount rate; ESG rating; environmental factors; social factors; governance factors; textile industry
• Language: croatian
• URN:NBN: urn:nbn:hr:148:890755
• Study programme: Title: Business economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: sveučilišni magistar ekonomije/sveučilišna magistra ekonomije (sveučilišni magistar ekonomije/sveučilišna magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2025-02-24 19:16:59