Unification Of Agro-Industrial businesses In the Sugar-Energy Sector: A Study of The Value of the Company

Resumo

Objective: Carrying out a comparative study to assess impact on company value next to the unification of two agro-industrial plants in the sugar-energy sector.

Method: Study with an applied nature consisting of two stages with different approaches. The first was qualitative and provided subsidies for the second stage, which was quantitative with predominantly exploratory characteristics. The technical procedure used was the case study with the use of research protocols and data collection gathered from in-depth interviews, documentary consultations and field observations. For the analysis’ results, the Content Analysis technique was used, in addition to the calculation of the Discounted Cash Flow with risk analysis by the Monte Carlo Simulation.

Result: In summary, it can be said that it was possible to identify that the company opted for the correct decision by unifying its units.

Originality: The work draws a parallel between company mergers and the unification of the company under study. Subject not frequently addressed in the literature.

Theoretical/Methodological Contributions: The study provided a detailed structure with the steps to be followed with interview scripts, analysis of variables and calculations of Company Value and Risk Analysis for future unification movements of other companies, in this or another sector.

Social Contributions: The study can contribute to the perception of the top management of the company under study, converging on the result of unification.

Keywords: Risks; Sugar-energy sector; Valuation.