1 research outputs found
Valuation of Startups Focused on Circular Economy: The Therpol Case
No full textThis study aims to valuate Therpol company which consists in a natural additive that makes it possible to transform rubber and plastic into renewable materials by using raw material of vegetable origin, the rubber tree. Therpol has local production capacity, or in other countries, in large scale. Up to the conclusion of this study, it was not known all Therpol application possibilities in the industry. The uncertainties contained in the valuation of the proposed scenarios are the greatest challenge of this work which presents three valuation methods of the company value, as discounted cash flow, multiples of variables and real options. Considering that the valuated company is of high intangible value, the analyses assess uncertain opportunities of future growth, this factor was not considered in the valuation of the company in this study. The strengthening of the brand Therpol is a fundamental factor for the company value increase.  
