Examinando por Materia "VALORACIÓN DE EMPRESAS"
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Ítem Análisis de una técnica cuantitativa en el sector fintech colombiano para la evaluación de inversión(Universidad EAFIT, 2022) Balmaceda Mosquera, Edwin Alberto; Durango Gutiérrez, María PatriciaThis research aims to structure a model to assess startups, with a focus on Financial Technology or FinTech, which refers to the use of technology and innovation, applied to the transformation of traditional financial services and the creation of new experiences for finance at the service of consumers. These business initiatives play an important role in the country's economy, but they have substantial differences with traditional companies, because they are technology-based companies, and therefore have exponential growth. The valuation of these companies differs in relation to other ventures or traditional companies. The different methods used to prepare valuations are applicable to companies with a track record, which have historical financial information; but for companies in the early stage of financing (Start Up) or ventures, it is necessary to use other types of methods that are less dependent on historical information. The valuations of these companies are important because their strategic value or their real value can be estimated, according to the analysis of the financial statements; for this reason, it is a useful tool for conducting negotiations or finding new investors (Moscoso & Botero, 2013).Ítem Análisis de viabilidad de un modelo fintech para el fondo de empleados de papeles nacionales y su impacto en la sostenibilidad financiera(Universidad EAFIT, 2023) Ramírez Ocampo, Andrés Felipe; González Bermúdez, Lizeth Dayana; Granada Muñoz, Gloria Janeth; García Uribe, Juliana; Vergara Garavito, Judith CeciliaÍtem Análisis del impacto en el valor de una empresa generadora y comercializadora de energía cuando se usan estrategias de coberturas en su precio(Universidad EAFIT, 2021) Montaño Portocarrero, Viviana; González Gómez, Cristian; Waserman; Jean PaulÍtem Burkenroad Empresa de Telecomunicaciones de Bogotá(Universidad EAFIT, 2021) Contreras Patiño, Ingrith Viviana; Bernate Castañeda, Jarberton; Medina Arango, Oscar EduardoThe focus on efficiency in costs and expenses, together with a greater demand due to the current situation (Covid-19), has allowed ETB to generate better results in the generation of resources from the operation. The macroeconomic perspectives, together with the fulfillment of the financial and strategic assumptions, determine the projected price of the share at $ 232 with a potential appreciation of 15.81% compared to the current price ($ 200 - September 2021).Ítem Caballeros, escuderos, píldoras y joyas : carencias y retos de la regulación colombiana en relación con las estrategias de defensa contra una oferta pública de adquisición hostil(Universidad EAFIT, 2023) Ferrer Buriticá, Sara; Vélez Villegas, Juan EstebanTakeover bids as a mechanism to obtain control of companies whose shares are listed on the Colombian Stock Exchange Market have been conducted for several years. Although there have been acquisitions through friendly offers, until 2021, they had not been presented in the form of hostile takeovers. In this sense, the purpose of this thesis is to identify the challenges that the Colombian regulation has regarding the means of defenses of these hostile takeover bids, and whether the application of these mechanisms would presuppose a violation of the current financial regulation. In addition, to present a comparative law study with the United States to analyze the feasibility of applying the mechanisms of that legislation to the Colombian case.Ítem Estructuración de garantías reales no tradicionales, basadas en la valoración de marcas para empresas del sector farmacéutico con fines de acceso a financiación(Universidad EAFIT, 2021) Patiño Gutiérrez, Gustavo Adolfo; Moreno Ávila, Luis Fernando; Sánchez Ribero, Gustavo AlbertoIn this document, a brand valuation methodology is developed to structure non-traditional real warranties, in order to be taken into account as financial assets in the management of company financing, as it is one of the most important assets in this case, for the pharmaceutical sector and funders. The valuation of brands requires the use of specialized methodologies such as real options, managing uncertainty and its intangibility as the basis of its value, which in practice is very useful for its implementation, allowing through brands to support operations of credit with financial institutions or other sources of financing, to improve the capital structure of these companies.Ítem Evaluación de la aplicabilidad de los métodos de valoración por medio de flujos de caja descontados en casos de información fiscal limitada(Universidad EAFIT, 2021) Arango Arango, Pedro; Arango Londoño, Carlos MarioValuating businesses and projects using the Free Cash Flow to the Firm method could be questioned, given the variables that determine it, the different methods of applying it and the fact that taxable income is usually different than earnings before taxes. These situations are some of the main reasons why valuations are inconsistent and therefore induce the decision makers to mistakes when assessing the generation of value. Because of this, it is necessary to evaluate different alternatives to the Free Cash Flow to the Firm and revise economic, accounting, and tax concepts to avoid making mistakes when applying these methods. The purpose of this work is to discuss the main differences between the most common Cash Flows, the way they are calculated and determine which of these methods is most adequate when there is not tax information available or is limited.Ítem Factibilidad para la creación de una empresa productora de derivados de cannabis para uso medicinal en el oriente de Antioquia(Universidad EAFIT, 2020) Zuluaga García, Hugo Armando; Vásquez Salazar, Jimmy Alexánder; Uribe Ochoa, Beatriz Amparo; Salazar Gómez, Francisco JavierÍtem Generación de valor organizacional a partir del método AHP para la priorización de portafolio de proyectos(Universidad EAFIT, 2021) Guerrero Parada, José Adrián; Díez Benjumea, Jhon MiguelÍtem Historia de las ofertas públicas de adquisición en Colombia y su relación con el entorno macroeconómico(Universidad EAFIT, 2023) Díaz Pino, Daniela; Pérez Salazar, Paula; Téllez Falla, Diego FernandoIn the present work, a historical compilation of public acquisition offers (OPA) is carried out. The specific characteristics presented by the offer booklets are considered to synthesize the available information in Colombia and analyze both the development of these negotiations and the behavior of the Colombian capital market. Additionally, it compares the performance of the capital markets of the main countries in Latin America with their respective economic development. The above was carried out using information available on the official websites of the Colombian Stock Exchange, the Financial Superintendence of Colombia, the World Bank, management reports from the companies involved, and previous studies. In Colombia, the decrease in listed companies on the Colombian Stock Exchange is noticeable, as variables such as inflation and interest rates have led to the withdrawal of stockbrokers and issuers of securities, making it unattractive to invest in Colombian stocks, even though companies have generated profits.Ítem Impacto de la gestión de riesgo cambiario en la generación de valor : caso aplicado a una empresa colombiana intensiva en tecnología(Universidad EAFIT, 2022) Buriticá Botero, Santiago de Jesús; Parrado Muñoz, Natalia; Waserman Álvarez, Jean PaulCurrency hedges play a fundamental role in companies due to the impact that it has on the company value as a result of stable cash flows, which allows choosing investment and growth opportunities at any time (Bekaert, G., & Hodrick, R. (2012, P 609). Likewise, some research according to Luo & Wang (2018); Giraldo-Prieto et al., (2017) ; Bartram et al., (2011), Lee (2019). Luo & Wang (2018) affirms that the use of derivatives can have a positive impact on financial performance. This study aims to analyze the impact that the use of currency hedges could generate value for a technology company in Colombia where exports are more than 50% of its services. The methodology includes the development of a Monte Carlo simulation model to analyze the possible impacts that the decisions to negotiate Forwards may have on the main value indicators of the company.Ítem Impacto del cálculo del EVA residual en la metodología de valoración de empresas por EVA(Universidad EAFIT, 2021) Ochoa Taborda, Carlos Alberto; Romero Osorio, Jhonny Enrique; Gómez López, Juan FelipeThe objective of this work is to carry out a literature review of the existence of the calculation of a residual EVA in the valuation methodology of the same name, in consideration of the fact that if this technique does not deduce such value it will always have a significant lag with respect to other valuation methodologies –for example, the valuation by discounted cash flows–, in which the residual value of free cash flows in the year +1 of the valuation exercise is obtained. Additionally, it analyzes the equivalence of the results with other methodologies and, failing that, proposes alternative ways of calculating the residual value in the EVA valuation methodology.Ítem NORGAS : Análisis del proyecto de inversión Okianus(Universidad EAFIT, 2022) Rivas, Jorge Alberto; Vallejo Bravo, Diego; Vergara Garavito, Judith CeciliaCase study consisting of assessing the feasibility of an investment project to import liquefied petroleum gas, implemented since 2019 by the utility company NORGAS S.A. Historical figures are analyzed, indicators are projected, the project is valued with the discounted cash flow model and a sensitivity analysis is performed to determine its feasibility.Ítem El papel de las opciones reales a la hora de diferir la adquisición de una empresa.(Universidad Eafit, 2019) Mora Arboleda, Diana Marcela; San Martín Plaza, Delia Isabel; Támara Ayús, Armando LenínThis work depicts the paper that real options play when deciding on the horizontal acquisition of a ground transportation company in Colombia´s department of Antioquia through a deferring option. For its development, the theory of discounted cash flows and real options was first reviewed. Then the valuation of the company was elaborated by discounted cash flows and, later, the calculation of the deferring option was made through the binomial tree methodology. Finally, it was shown that the inclusion of the deferring option in the acquisitions generates an added value, with which it was possible to define the best moment to carry out the acquisition of the company, taking as reference the possible scenarios that could be presented during a year.Ítem Peer-selection and systematic risk : an unexplored relation(Universidad EAFIT, 2022) Lopera Parra, Luis Miguel; Restrepo Tobón, Diego AlexanderÍtem Proceso estratégico para la empresa Sinapsis Soluciones Estratégicas Zomac S.A.S(Universidad EAFIT, 2023) Mestra Jaramillo, Cristian Camilo; Giraldo Hernández, Gina María; Pineda Toro, Oscar MauricioÍtem Relación entre la rentabilidad de Empresas Públicas de Medellín E. S. P., y el índice de gobierno corporativo(Universidad EAFIT, 2021) Caballero Cruz, Wilson Jesús; Taborda Guzmán, Jeimy Alexandra; Mejía Lara, María JoséThe objective of this study is to determine the influence of the implementation of good corporate governance practices on the return on equity of Empresas Públicas de Medellín. Therefore, quarterly data were taken for the period between 2012 and 2020, elaborating a corporate governance index and developing a multiple linear regression model in search of the direct correlation between ROE, the index and the established financial indicators. The results indicate that the corporate governance index influences E.P.M.'s return on equity and return on assets management.Ítem Reporte Burken Road Grupo Éxito 2020(Universidad EAFIT, 2020) Trout Rodríguez, Sergio Andrés; Ariza Beltrán, Daniel Esteban; Mondragón Trujillo, Luis FernandoÍtem Reporte Burkenroad - valoración Promigas S.A. E.S.P.(Universidad EAFIT, 2021) Moreno Sánchez, Cesar Camilo; González Hernández, Diana Cristina; Pareja Vasseur, Julián AlbertoÍtem Reporte Burkenroad : Almacenes Éxito S. A.(Universidad EAFIT, 2019) Villaquiran Mantilla, Sergio David; Largo Andica, Diana Milena; Medina Arango, Oscar Eduardo