|Covestro AG||Germany||Basic Materials|
|Moneta Money Bank||Czeck Republic||Financials|
|LIBERTY SIRIUSXM SER||USA||Consumer Services|
|LIBERTY BRAVES SERIE||USA||Consumer Services|
|Megacable Holdings S||Mexico||Consumer Services|
|Fibria Celulose S.A.||Brazil||Basic Materials|
|Enersis Americas SA||Chile||Utilities|
|BidCorp Ltd||South Africa||Industrials|
|El Puerto de Liverpool SAP||Mexico||Consumer Services|
|3SBio (P Chip)||China||Health Care|
|Coca-Cola European Partners||USA||Consumer Goods|
The financial analysis is the study of the accounting information, using indicators and ratios.
Accounting represents and reflects the economic and financial situation of the company, so it is necessary to interpret and analyze that information in order to understand in depth the origin and behavior of company resources. Each component of a financial statement has a meaning and effect within the firm know and in the future. Knowing why the firm is in a certain situation, whether good or bad, is important to project solutions or alternatives to face the problems encountered, or to devise strategies to build on positive solutions.
Without the financial analysis you cannot make a diagnosis of the current company situation, and without it there will be no course of action to follow in the future. Many business problems can be anticipated interpreting financial ratios, as this reflects the firm’s situation compared with their competitors.
There are a number of indicators and ratios that allow a complete and thorough analysis of a company. Our analysis is based on the most significant ones: Price to Earnings, Price to Book Value, Price to Cash-flow, Return on Equity, Payout over earnings and over cash-flow and dividend yield. These indicators are not more useful applied individually or in isolation, so the ratios are compared for each firm with the average of the stock market, their country, industry and sector in order to know if the company is over or undervalued.
This ratio analysis of each firm, is complemented with short term stock prices evolution to know if the market considers the company a good or bad option. In order to do so, we compare re firm performance with the average of the stock market, their country, industry and sector.