Valuacion de Empresas Latinoamericanas

LATINOAMRICA:Valuacindeacciones
PreciosdeCierreal:29Jun2011
VALUACINDEEMPRESASLATINOAMERICANAS
PAIS
TICKER
Precio
(local)
Cap.
Burstil
USDM
Vol,
12m
USDM
Ambev
FomentoEconMex
GModelo
CocaColaFemsa
PerdigaoS/A
BimboGpo
JBS
Cosan
Marfrig
M.Diasbranco
ContinentalGrupo
MolinosRio
SaoMartinho
SLCAgricola
GrumaS.A.deC.V.
Ledesma
HerdezS.A.
Cresud
UsinCPinto
Alsea
Brasilagro
Minerva
QuickfoodS.A.
BR
MX
MX
MX
BR
MX
BR
BR
BR
BR
MX
AR
BR
BR
MX
AR
MX
AR
BR
MX
BR
BR
AR
AMBV4
FEMSAUBD
GMODELOC
KOFL
BRFS3
BIMBOA
JBSS3
CSAN3
MRFG3
MDIA3
CONTAL
MOLI72
SMTO3
SLCE3
GRUMAB
LEDE72
HERDEZ
CRES72
UCOP4
ALSEA
AGRO3
BEEF3
PATY72
51.45
77.65
69.94
109.01
26.65
27.30
5.23
24.50
14.70
40.79
31.90
24.40
18.65
23.40
8.95
25.20
6.98
12.10
10.25
4.86
17.20
92,863
23,597
19,206
17,095
14,769
10,904
9,902
6,328
3,239
2,942
2,850
1,930
1,751
1,162
1,120
951
921
837
723
629
381
317
152
9,670
4,077
1,788
465
8,947
1,223
4,179
4,456
3,517
705
243
38
288
454
544
32
291
14
13
263
21
260
6
Eletrobras
CPFLEnergia
Cemig
Tractebel
Copel
AESTiete
TranPaulist
LightS/A
EnergiasBR
AESElpa
TernaPart
Energisa
Coelce
Celesc
PampaHoldingS.A.
Edenor
CentralPuerto
EndesaCostanera
Transener
BR
BR
BR
BR
BR
BR
BR
BR
BR
BR
BR
BR
BR
BR
AR
AR
AR
AR
AR
ELET3
CPFE3
CMIG4
TBLE3
CPLE6
GETI4
TRPL4
LIGT3
ENBR3
AELP3
TRNA11
ENGI4
COCE5
CLSC6
PAMP72
EDN72
CEPU72
CECO72
TRAN72
20.80
22.22
31.77
27.15
42.00
25.50
50.09
29.70
38.13
45.00
2.23
31.81
2.61
2.11
20.00
4.80
1.45
Empresa
PromedioAlimentosyBebidas
PromedioEnergaElctrica
P/E EV/EB
Trail. Trail.
12m
12m
P/S
Trail.
12m
6.61
2.38
2.85
2.92
1.66
2.88
0.74
1.54
0.81
2.51
4.52
6.36
1.41
0.96
1.19
3.01
3.11
1.65
2.75
2.51
1.08
0.98
1.16
19.90
6.90
22.60
20.40
20.60
24.10
51.30
12.90
23.80
12.70
19.60
20.10
19.40
34.60
3.00
17.70
14.60
n.d.
8.50
45.40
26.00
8.70
157.00
15.39
12.40
10.90
8.40
9.70
10.20
10.50
8.90
7.80
7.80
10.10
12.20
11.70
5.70
7.80
6.80
10.50
7.40
9.10
6.60
8.60
40.90
13.60
10.71
6.20
1.60
2.60
1.90
1.00
1.10
0.20
0.60
0.30
1.80
2.20
0.70
2.10
2.00
0.30
1.40
1.20
1.60
0.60
0.80
10.10
0.10
0.20
3.53
8.80
14.10
9.20
13.90
10.90
13.70
43.30
11.70
10.30
4.50
7.00
13.20
5.00
6.40
93.40
17.60
8.10
24.90
16.50
5.90
8.40
6.00
7.70
6.60
7.60
8.10
5.30
6.60
3.20
5.70
7.40
3.80
4.10
11.90
11.80
6.90
6.20
5.10
0.70
1.80
1.60
4.20
1.60
5.70
3.10
0.90
1.20
0.40
3.80
1.10
0.80
0.40
0.60
0.80
0.90
0.30
1.10
214,569
5,909
4.19
18,816
13,593
12,579
11,266
7,010
5,865
5,145
3,851
3,843
2,719
1,898
1,736
1,534
999
829
457
428
170
156
3,553
2,320
5,917
2,061
3,635
1,407
1,015
3,057
1,974
30
25
2
263
95
248
84
15
12
56
0.37
3.07
1.81
3.29
1.01
4.47
1.68
1.73
1.28
1.99
1.17
1.58
1.69
0.77
1.04
0.91
2.20
1.32
0.60
92,894
2,748
*Trailing12mcorrespondealosltimos12mesescontandoapartirdelltimobalancetrimestraldifundido
Fuente:ElaboracinpropiasobrelabasedeBloomberg
P/B
Trail.
12m
1.92
11.55
6.76
2.01
Div
Yield
(%)
3.80
4.40
3.20
2.20
0.90
2.00
0.00
2.00
0.80
1.90
6.50
3.20
1.30
0.90
0.00
2.30
3.00
2.00
0.60
1.70
0.00
0.00
0.00
Marg.
Bruto
(%)
Marg. Marg.
EBIT EBITDA
(%)
(%)
Marg.
Neto
(%)
P/PN
(%)
Variacin
acum.2011
(USD,%)
1.1
1.3
4.8
1.1
1.9
1.4
1.7
1.4
1.4
2.2
2.0
1.0
1.4
1.5
1.5
1.5
4.6
0.8
1.8
1.0
2.2
2.1
1.4
73
95
59
67
99
123
145
190
256
39
32
388
106
70
212
105
121
279
412
105
35
465
173
9.40
23.30
1.10
14.70
3.30
11.10
22.70
6.00
1.20
11.60
10.70
2.50
9.50
5.70
7.00
23.20
6.90
6.00
0.30
1.30
26.20
16.30
95
199
186
142
60
93
61
175
166
488
81
161
113
148
278
201
78
275
80
3.30
16.70
33.20
5.70
9.10
17.80
1.60
31.70
8.60
9.30
52.80
32.20
36.10
13.80
7.90
22.90
0.70
19.70
13.30
3.02
50.2
40.2
13.2
25.7
16.5
7.6
9.4
4.1
7.4
4.6
16.7
15.0
6.7
18.2
21.4
4.6
11.5
17.7
30.8
11.3
3.6
63.2
6.3
2.0
46.1
16.4
30.5
20.4
11.3
12.8
6.2
11.5
8.5
18.9
18.0
8.0
43.7
30.4
7.8
15.0
19.2
37.4
16.2
11.0
23.1
3.3
29.8
19.1
24.7
1.6
4.20
5.90
9.70
3.70
2.60
9.00
10.20
11.80
5.80
7.80
27.90
4.00
13.40
5.10
0.50
0.00
2.90
0.00
0.00
83.7
30.7
36.6
55.6
28.7
69.3
56.2
29.5
32.7
26.3
91.8
30.0
26.3
15.4
17.7
51.0
14.5
2.0
33.7
17.3
22.6
29.6
53.8
15.8
65.2
49.3
18.0
22.7
19.7
86.3
16.3
23.1
5.9
6.0
4.5
11.9
0.9
18.3
23.4
28.5
37.2
65.0
23.3
74.9
49.3
23.4
29.6
25.3
87.7
22.9
27.8
9.9
12.7
12.5
13.6
6.7
38.7
8.4
12.5
17.7
30.4
14.8
41.5
7.3
7.8
11.2
9.6
54.6
8.3
16.3
6.1
0.7
4.6
10.6
1.2
6.5
3.6
22.1
20.8
25.2
9.6
32.2
3.9
14.8
12.7
45.2
17.8
13.9
36.4
12.6
1.1
5.0
32.1
5.1
3.7
1.8
0.9
1.1
1.0
1.7
2.3
1.5
1.1
1.2
1.4
3.9
2.3
0.7
1.1
0.8
0.8
1.5
0.4
1.4
6.70
49.7
30.3
37.1
16.5
34.2
40.7
12.9
14.7
8.3
12.6
1.5
13.3
4.3
21.4
20.6
31.3
7.8
2.8
49.4
17.7
22.4
7.0
37.2
5.5
4.1
11.6
0.7
Liq,
Cte.
66.7
41.8
53.9
46.4
26.0
52.5
12.3
16.1
15.5
40.9
49.3
15.2
30.8
32.3
32.7
38.3
44.6
14.5
65.1
6.1
18.1
11.6
24.9
31.2
23.3
11.5
9.4
4.8
4.5
0.4
4.3
1.2
14.4
11.4
3.5
11.0
5.8
9.2
8.0
8.2
6.4
6.8
1.8
39.0
1.6
0.1
ROE
(%)
16.7
1.4
93
145
7.57
14.33
P/E EV/EB
Trail. Trail.
12m
12m
103,400
9,308
1,806
928
5,450
448
18
8,402
2,674
68
1,083
323
326
107
19
5,882
5.30
4.04
3.14
22.29
1.79
3.09
6.99
9.58
3.15
3.32
0.98
0.34
0.92
1.08
30.90
266.50
21.40
35.30
19.60
59.30
23.10
119.80
21.20
22.70
12.00
4.70
16.60
9.00
54.62
16.68
1.78
6,398
4,114
4,079
2,263
2,196
2,097
2,079
1,930
1,729
1,618
1,602
1,534
1,493
1,389
1,349
1,309
1,260
1,219
906
655
645
428
368
212
210
163
13,591
11,195
8,472
2,874
5,414
1,031
8,355
864
216
100
526
648
1,584
977
704
204
2,240
1,692
205
374
25
143
99
54
50
209
5,086
1.62
1.47
2.12
1.23
1.33
1.61
0.87
2.00
6.16
1.86
2.10
1.63
1.12
1.31
7.61
1.85
1.89
1.32
1.92
0.80
2.83
0.90
0.73
0.81
0.68
0.51
1.96
10.50
12.90
9.60
9.10
9.40
14.90
8.90
19.50
24.40
27.10
8.90
8.90
17.80
10.30
18.10
8.20
9.60
7.00
7.50
10.00
11.90
5.00
6.50
9.80
62.40
15.40
12.53
13.40
13.30
10.30
8.10
11.90
9.30
11.00
15.40
11.00
15.80
9.10
12.80
13.20
7.20
11.30
7.40
6.90
7.50
8.00
7.40
6.20
8.20
11.20
17.20
15.30
11.02
1.50
1.30
2.00
1.00
1.30
1.60
0.90
11.00
5.10
1.40
3.70
1.20
0.50
0.80
5.60
2.40
0.70
0.90
1.40
1.00
1.70
0.80
0.60
0.90
0.40
0.60
2.01
33.4
21.5
23.2
16.7
18.8
13,794
50
4,656
26
3.70
0.15
21.70
0.50
8.70
0.20
2.80
0.30
0.60
0.00
46.4
19.9
26.5
24.3
38.2
27.5
12.7
66.1
18.1
TICKER
Precio
(local)
Cap.
Burstil
USDM
Vol,
12m
USDM
WalMartdeMexico
ElektraGpo
LiverpoolPuertode
LojasAmeric
SorianaOrganizacio
Globex
LojasRenner
B2WGlobal
FraguaCorporativo
Drogasil
GFamsa
ComercialMexicana
Profarma
Grazziotin
MX
MX
MX
BR
MX
BR
BR
n/a
MX
BR
MX
MX
BR
BR
WALMEXV
ELEKTRA
LIVEPOLC1
LAME4
SORIANAB
GLOB3
LREN3
BTOW3
FRAGUAB
DROG3
GFAMSAA
COMERCIUBC
PFRM3
CGRA4
34.71
599.46
89.05
15.38
35.49
24.00
60.36
19.50
10.65
20.10
19.43
14.40
13.95
52,607
12,502
10,099
6,893
5,425
4,923
4,695
1,941
1,351
1,271
750
448
304
191
PDGRealt
CyrelaRealty
MRV
BrascanRes
RossiResid
UrbiDesarrollos
Gafisa
Iguatemi
PromyOpdeInfra
CarsoInfraestr.
Eztec
Tecnisa
ICASocControlad
HomexDesarr
LopesBrasil
JHSFPart
GeoCorporacion
Even
Helbor
AraConsorcio
JoaoFortes
Rodobensimob
CCDesImob
CR2
Trisul
Sare
BR
BR
BR
BR
BR
MX
BR
BR
MX
MX
BR
BR
MX
MX
BR
BR
MX
BR
BR
MX
BR
BR
BR
BR
BR
MX
PDGR3
CYRE3
MRVE3
BISA3
RSID3
URBI
GFSA3
IGTA3
PINFRA
CICSAB1
EZTC3
TCSA3
ICA
HOMEX
LPSB3
JHSF3
GEOB
EVEN3
HBOR3
ARA
JFEN3
RDNI3
CCIM3
CRDE3
TRIS3
SAREB
8.96
15.30
13.30
7.85
12.91
25.29
7.58
38.35
56.03
7.39
17.40
13.05
27.07
48.69
37.99
4.83
27.00
8.22
21.90
5.93
10.14
13.86
5.13
6.88
4.04
2.80
TelevisaGpo
ComercialdelPlata
MX
AR
TLEVISACPO
COME72
58.37
0.79
PromedioComercioMinorista
PromedioConstruccin
PromedioEntretenimiento
43,245
13,844
4,639
5.81
3.69
21.62
17.80
22.20
13.80
10.80
9.90
19.70
15.10
9.90
17.30
13.70
11.20
5.60
9.90
5.80
8.67
P/S
Trail.
12m
Div
Yield
(%)
P/B
Trail.
12m
PAIS
Empresa
1.80
3.00
2.20
1.20
0.70
0.40
2.60
0.50
0.70
0.90
0.60
0.10
0.20
1.10
2.13
2.79
1.60
0.30
0.40
0.60
0.00
0.00
3.60
0.30
0.50
1.70
0.00
0.00
0.90
6.60
Marg.
Bruto
(%)
Marg. Marg.
EBIT EBITDA
(%)
(%)
1.14
22.1
49.6
31.4
21.0
24.1
56.5
28.0
18.5
23.8
51.8
21.2
5.5
50.5
25.8
8.0
10.3
15.2
11.5
5.5
3.4
14.4
9.6
2.7
5.0
10.0
5.5
2.0
12.9
1.90
2.20
2.50
3.10
2.40
0.00
3.00
1.90
0.00
0.00
2.30
2.00
0.00
0.00
1.20
7.20
0.00
3.10
3.60
1.50
1.40
2.50
5.50
12.90
2.80
0.00
28.5
29.7
31.8
28.6
32.1
28.2
28.2
72.7
54.1
13.1
47.5
28.6
31.3
86.0
41.0
26.8
27.1
31.2
24.6
35.1
31.1
24.3
24.7
22.0
24.1
0.60
46.3
Marg.
Neto
(%)
ROE
(%)
P/PN
(%)
Variacin
acum.2011
(USD,%)
1.1
1.5
2.2
1.4
0.9
1.4
2.3
1.8
1.6
2.3
1.7
1.2
2.3
3.2
65
231
71
1453
94
299
109
1385
64
64
184
174
110
40
4.30
20.70
10.80
9.10
6.10
31.90
16.80
33.60
15.70
7.90
34.80
0.80
4.70
3.0
158
184
142
195
123
150
157
81
360
68
21
147
381
199
270
118
293
141
208
70
248
212
249
105
270
132
172
4.90
24.30
8.60
0.90
5.60
8.50
31.70
1.40
34.90
1.30
34.60
27.40
10.20
27.00
4.30
54.70
37.50
4.30
15.00
17.50
7.80
9.60
28.90
5.70
37.60
20.60
4.5
0.1
214
152
3.60
29.70
9.1
9.9
14.5
17.5
13.1
7.7
4.1
17.2
11.1
3.8
6.7
12.5
7.9
2.1
15.4
11.3
5.8
1.1
10.4
3.4
3.5
0.7
11.2
0.4
3.5
4.1
4.8
2.1
0.9
12.7
5.2
18.4
1.4
15.9
13.6
21.9
18.1
14.1
19.6
13.4
61.6
53.4
7.8
36.7
14.8
6.9
15.8
41.8
33.0
16.1
17.0
20.1
15.8
20.8
23.8
13.8
12.9
7.3
12.4
16.2
14.6
22.3
18.4
14.9
21.2
14.4
69.2
65.2
9.8
36.9
15.9
11.3
18.1
49.7
35.9
18.3
17.3
22.7
17.3
24.8
14.1
13.1
8.3
13.0
14.5
10.1
20.6
10.5
13.8
10.8
10.1
56.4
20.8
5.1
41.0
13.5
2.7
7.8
30.8
29.7
7.7
13.3
19.2
10.4
14.1
16.9
8.7
8.8
0.7
4.0
19.4
11.9
24.2
14.3
14.9
11.4
10.2
10.6
28.4
7.2
25.8
18.4
6.1
13.9
73.4
24.9
22.6
22.8
29.5
8.4
27.8
19.6
11.7
8.2
1.1
2.8
2.7
2.1
2.7
1.8
2.6
3.3
2.9
7.1
8.1
1.3
4.9
2.5
1.3
3.9
1.5
2.8
1.9
2.8
2.4
5.9
1.7
2.5
2.8
1.9
2.1
3.3
26.5
38.2
12.4
17.8
1.5
15.7
78.5
9.5
5.2
32.4
8.3
16.0
16.5
8.5
7.7
5.7
12.4
Liq,
Cte.
18.0
4.5
219
213
7.57
3.62
3.48
PAIS
TICKER
Precio
(local)
Cap.
Burstil
USDM
Vol,
12m
USDM
P/B
Trail.
12m
P/E EV/EB
Trail. Trail.
12m
12m
Itaubanco
Bradesco
Brasil
GFInbursa
GFBanorte
Banrisul
BancoMacroBansud
FrancesBco
GrupoFin.Galicia
Bicbanco
Daycoval
CruzeiroSul
AbcBrasil
Panamericano
BancoPatagonia
BancoHipotecario
Parana
Pine
FinanIndependencia
Banestes
MercBrasil
AlfaFinanc
BR
BR
BR
MX
MX
BR
AR
AR
AR
BR
BR
BR
BR
BR
AR
AR
BR
BR
MX
BR
BR
BR
ITUB4
BBDC4
BBAS3
GFINBURO
GFNORTEO
BRSR6
BMA72
FRAN72
GGAL72
BICB4
DAYC4
CZRS4
ABCB4
BPNM4
BPAT72
BHIP72
PRBC4
PINE4
FINDEP
BEES3
BMEB4
CRIV4
36.38
31.55
27.81
60.45
53.44
17.97
15.95
14.40
5.74
9.80
9.80
14.38
11.50
6.01
4.85
2.33
12.31
11.70
10.15
5.89
11.87
3.63
96,953
70,630
50,577
17,114
12,725
4,149
2,290
1,866
1,721
1,632
1,342
1,237
983
934
843
824
690
625
617
569
303
268
268,892
33,684
22,511
22,790
1,047
5,770
1,699
123
174
646
322
147
176
547
946
106
67
122
124
71
15
9
13
22,727
2.60
2.35
1.53
2.87
2.26
1.84
2.15
2.53
2.64
1.24
1.19
1.93
1.12
3.67
1.56
1.13
1.31
1.13
2.43
1.11
0.72
0.65
2.25
13.80
11.30
6.50
25.10
15.50
9.70
9.30
6.30
12.20
8.40
7.70
14.90
7.30
7.80
6.90
16.60
9.40
5.90
18.20
6.30
2.10
6.60
12.04
CemexS.A.
CorpMoctezuma
CementosChihuahua
Eternit
Portobello
MX
MX
MX
BR
BR
CEMEXCPO
CMOCTEZ
GCC
ETER3
PTBL3
10.15
29.80
9.47
1.55
8,984
2,228
1,190
539
157
7,515
57
48
134
22
0.56
2.59
1.22
2.05
3.90
6.60
17.30
152.60
8.90
8.50
ValeRDoce
GMexico
PenolesIndustrias
MMXMiner
AutlanCia.Minera
BR
MX
MX
BR
MX
VALE5
GMEXICOB
PE&OLES
MMXM3
AUTLANB
44.41
38.56
435.57
8.36
26.06
KimberlyClarkMex
VCP
KlabinS/A
SuzanoPapel
Celulosa
MX
BR
BR
BR
AR
KIMBERA
VCPA4
KLBN4
SUZB5
CELU72
77.28
5.76
11.37
7.48
Petrobras
TenarisS.A.
YPF
PetrobrasArgentina
CarboclorS.A.
BR
AR
AR
AR
AR
PETR4
TS72
YPFD72
PESA72
CARC72
23.38
97.00
185.00
8.12
1.07
Empresa
PromedioBancos
PromedioMineralesnoMetalferos
PromedioMinera
PromedioPapelyCelulosa
PromedioPetrleo
Div
Yield
(%)
Marg.
Bruto
(%)
0.00
0.00
2.70
3.10
6.50
0.00
1.00
4.20
5.30
10.40
0.30
6.20
4.80
5.10
4.80
0.40
6.90
0.00
4.30
7.70
2.10
4.80
12.80
6.10
58.4
51.0
40.2
49.1
63.4
77.6
62.7
49.6
39.0
18.8
42.5
28.5
72.6
46.4
46.5
18.9
43.4
36.0
53.6
3.43
45.8
11.00
8.90
13.10
6.10
0.60
3.50
1.80
1.10
0.50
0.00
4.40
0.00
9.20
0.00
28.4
36.2
19.4
41.5
32.0
Marg. Marg.
EBIT EBITDA
(%)
(%)
Marg.
Neto
(%)
ROE
(%)
Liq,
Cte.
P/PN
(%)
Variacin
acum.2011
(USD,%)
1.2
0.9
0.7
1.4
1.5
1.2
0.9
0.9
1.3
2.1
1122
1217
1563
343
1248
728
728
1063
1342
764
446
1065
608
641
595
297
209
971
234
984
1289
403
1.40
3.50
2.90
16.90
4.20
9.90
16.30
0.30
7.90
24.70
18.00
3.10
14.90
57.20
10.20
29.70
1.00
14.90
17.00
4.90
7.10
3.90
15.90
6.30
9.20
13.20
19.10
0.0
0.0
13.9
14.6
13.3
16.4
19.6
22.3
8.6
12.3
21.4
9.7
19.9
26.1
20.9
9.8
31.4
26.0
13.9
2.5
13.8
20.6
22.3
26.5
12.0
15.5
22.2
25.5
40.3
24.4
15.6
15.1
15.7
16.2
6.7
24.1
6.9
15.5
19.4
13.9
21.6
4.9
10.1
21.2
0.5
1158
6.1
30.7
8.2
14.6
11.9
16.1
36.9
21.0
17.1
8.6
20.3
1.2
12.4
5.5
8.0
15.8
0.8
23.6
61.8
1.2
6.1
2.0
2.2
0.9
167
22
102
55
832
12.4
0.45
13,098
5,174
1.07
14.98
10.50
1.22
1.13
29.5
10.9
19.9
2.0
1.2
2.1
140
11.44
156,977
25,494
14,703
3,292
599
100,202
11,707
2,076
6,556
360
1.89
3.17
5.53
1.90
2.31
6.10
13.20
21.80
22.00
15.40
4.80
5.80
8.70
21.90
6.40
2.50
2.80
2.40
5.10
1.60
3.30
2.50
3.20
0.00
0.00
60.9
46.8
60.8
34.0
54.0
44.5
23.9
21.6
21.5
60.4
52.6
28.0
25.0
25.7
41.1
21.1
11.1
23.2
10.7
34.6
25.5
26.4
10.9
16.3
2.1
3.1
4.7
3.1
3.9
77
105
105
42
50
1.10
18.70
3.50
21.10
9.80
406
82
138
115
210
8.30
5.60
18.30
20.60
7.50
3.50
7.20
24.80
17.10
201,065
79,975
2.32
5.50
2.57
3.13
54.6
50.0
56.4
36.0
32.4
2.4
6,956
6,149
3,309
2,876
182
19,472
1,227
0
2,091
2,111
27
1,106
14.78
1.00
0.52
1.48
19.60
7.90
5.60
8.30
10.70
6.20
5.20
6.40
4.90
7.65
3.10
1.40
1.00
0.50
1.50
4.20
3.80
5.20
0.00
2.91
40.1
24.4
38.6
31.4
30.3
33.5
26.1
15.0
23.2
21.3
15.4
21.3
30.6
45.1
37.3
33.0
20.6
36.6
15.9
15.9
17.4
17.2
6.5
16.3
73.9
6.3
13.4
9.4
20.2
32.2
1.4
2.1
2.4
1.9
0.7
1.9
213
205,098
27,660
17,576
1,980
21
88,443
526
147
79
4
0.97
2.71
3.50
0.78
0.92
6.70
23.10
12.10
7.60
39.10
6.20
13.00
5.20
4.70
6.80
1.20
3.40
1.60
0.50
0.20
4.30
1.40
6.90
5.60
0.00
35.9
38.7
31.0
24.1
12.6
21.8
20.3
20.2
8.8
1.6
28.8
26.4
31.7
17.3
4.2
17.7
14.6
12.9
7.2
0.5
15.9
12.7
29.2
10.7
2.3
2.0
2.5
0.9
1.4
1.0
73
45
134
115
118
252,335
71,955
P/S
Trail.
12m
5.54
1.34
8.44
9.25
8.88
6.86
1.46
4.17
35.8
21.4
28.6
16.9
16.4
2.0
82
75
3.35
1.02
7.18
PAIS
TICKER
Precio
(local)
GCarso
MX
GCARSOA1
39.43
Comgas
TranspGasSur
GasNaturalBAN
Metrogas
TranspGasdeNorte
BR
AR
AR
AR
AR
CGAS5
TGSU72
GBAN72
METR72
TGNO472
43.54
3.25
2.73
1.23
Braskem
Ultrapar
Fosfertil
MexichemSAdeCV
CydsaS.A.
Bombril
FerHeringer
Providencia
SolvayIndupa
Unipar
Millennium
BR
BR
BR
MX
MX
BR
BR
BR
AR
BR
BR
BRKM5
UGPA4
FFTL4
MEXCHEM
CYDSASAA
BOBR4
FHER3
PRVI3
INDU72
UNIP6
TIBR5
22.67
27.80
23.53
47.39
19.00
9.76
5.91
2.90
0.41
0.13
TenarisS.A.
Gerdau
Usiminas
AlfaS.A.
GerdauMet
Siderar
Aluar
IndustriasCH
SimecGrupo
Confab
Ferbasa
Lupatech
ForjasTaurus
Metisa
KeplerWeber
AR
BR
BR
MX
BR
AR
AR
MX
MX
BR
BR
BR
BR
BR
BR
TS72
GGBR4
USIM5
ALFAA
GOAU4
ERAR72
ALUA72
ICHB
SIMECB
CNFB4
FESA4
LUPA3
FJTA4
MTSA4
KEPL3
97.00
16.18
13.81
173.64
20.00
30.80
4.87
45.11
29.89
4.27
10.90
11.63
3.38
0.27
IRSA
AR
IRSA72
5.75
Empresa
PromedioHolding
PromedioGas
PromedioPetroqumica
PromedioSiderurgia
PromedioREIT
Cap.
Burstil
USDM
7,711
Vol,
12m
USDM
675
2.70
P/E EV/EB
Trail. Trail.
12m
12m
12.40
10.60
P/S
Trail.
12m
1.20
Div
Yield
(%)
1.50
Marg.
Bruto
(%)
29.6
Marg. Marg.
EBIT EBITDA
(%)
(%)
13.4
15.1
Marg.
Neto
(%)
10.0
ROE
(%)
17.2
Liq,
Cte.
1.0
P/PN
(%)
142
Variacin
acum.2011
(USD,%)
20.20
7,711
675
2.70
12.40
10.60
1.20
1.50
29.6
13.4
15.1
10.0
17.2
1.0
142
20.20
3,098
624
215
161
131
229
22
1
4
15
3.61
0.77
1.26
0.83
0.42
9.70
23.90
36.10
8.00
6.10
5.60
5.10
8.10
4.40
10.70
5.77
1.30
1.50
1.20
0.60
1.20
1.29
10.90
37.80
3.10
0.00
0.00
13.72
36.4
49.1
30.8
26.8
25.2
37.3
22.3
21.7
8.1
2.2
5.2
20.2
27.6
34.4
16.6
8.8
33.4
27.5
13.1
6.4
3.2
7.3
18.9
11.0
37.8
3.2
3.2
9.9
7.1
28.2
0.7
2.9
0.5
1.2
0.4
1.0
165
69
79
209
150
147
24.00
7.20
15.00
2.20
21.10
15.02
5.10
9.40
20.70
11.20
5.90
7.10
4.70
8.20
6.50
5.60
15.90
0.60
0.30
3.50
2.10
0.70
0.60
0.10
1.00
0.40
1.00
1.10
3.70
2.90
0.50
0.40
0.00
0.00
0.00
6.90
0.00
0.00
3.20
15.2
7.6
15.7
31.1
45.2
12.7
32.9
13.4
39.9
6.9
11.5
3.1
7.6
15.3
10.2
6.3
5.5
12.3
4.1
12.4
8.6
9.0
17.8
4.3
21.0
22.0
13.2
9.0
6.8
18.4
11.7
18.6
6.5
15.6
7.7
1.9
5.5
10.4
18.1
7.1
2.4
5.8
1.4
12.3
8.9
6.1
27.7
16.4
3.5
24.2
21.8
23.6
3.8
2.2
11.0
7.1
17.6
1.1
2.3
1.3
1.2
3.6
1.1
0.9
1.5
0.8
3.4
1.9
1.5
223
142
46
150
59
736
376
93
89
166
32
136
22.30
14.10
32.20
12.60
3.60
2.90
11.50
11.20
14.10
25.10
19.80
19.29
20.3
10.3
13.5
8.1
10.2
13.5
22.9
5.9
4.3
15.5
19.8
2.2
13.7
10.1
26.4
16.0
20.0
11.8
16.0
16.5
32.4
10.0
8.7
18.3
23.0
7.7
17.8
14.6
6.2
9.3
4.3
2.6
20.2
16.7
3.9
3.3
8.7
20.9
11.6
9.1
6.9
9.9
12.7
10.6
7.2
19.9
10.6
21.0
15.1
5.2
4.4
7.3
15.1
30.2
14.0
9.7
11.8
2.5
2.4
3.5
1.5
2.4
3.2
2.5
4.7
3.4
5.0
9.0
1.6
2.5
6.1
2.3
2.7
45
123
82
271
468
29
53
55
45
33
12
841
109
64
103
119
3.50
23.90
23.10
46.40
20.30
14.50
12.30
1.60
3.70
24.60
13.50
36.10
3.90
18.30
18.6
10.6
0.9
143
4,229
172
2.87
12.35
10,106
9,474
8,481
7,244
316
315
301
301
290
245
189
37,262
3,613
3,481
1,128
1,837
53
35
171
86
14
497
17
2,485
1.69
2.82
2.18
4.07
0.75
4.92
1.13
0.67
0.67
0.88
0.87
2.46
8.30
17.90
63.10
20.10
3.70
8.60
5.40
17.60
31.10
8.40
11.90
25.11
11.04
1.48
2.00
11.0
27,660
16,789
11,828
7,870
5,016
2,585
2,286
1,673
1,263
1,118
658
353
309
258
225
526
19,530
17,593
2,084
4,495
152
85
298
151
674
208
564
45
7
337
7,409
2.71
1.26
0.78
2.75
1.07
0.99
1.90
0.93
0.78
1.29
0.91
3.35
1.02
1.74
1.33
1.83
23.10
11.50
11.30
14.90
9.40
5.20
13.30
18.20
18.20
17.80
6.40
8.40
7.60
14.50
15.70
13.00
7.50
8.50
8.10
6.10
4.60
7.60
7.30
6.40
6.10
3.90
25.40
5.00
9.39
3.40
0.70
1.10
0.60
0.20
1.00
2.20
0.70
0.60
1.50
1.30
1.00
0.70
1.00
1.72
1.40
2.30
4.20
0.00
3.00
0.00
1.90
0.00
0.00
3.70
3.20
0.00
4.60
3.00
0.00
1.94
38.7
16.2
16.4
18.9
16.2
22.6
27.3
13.5
15.4
30.5
29.2
24.1
39.7
21.7
25.1
14.4
20.0
804
26
1.32
12.90
8.40
2.40
6.60
61.1
41.0
48.8
79,891
804
26
P/B
Trail.
12m
1.32
12.90
8.40
2.40
6.60
61.1
41.0
48.8
18.6
10.6
0.9
143
7.95
9.10
9.10
TICKER
Precio
(local)
Cap.
Burstil
USDM
Vol,
12m
USDM
P/B
Trail.
12m
P/E EV/EB
Trail. Trail.
12m
12m
AmericaMovil
Telesp
Vivo
TelefsdeMex
TimPartS/A
TelemarNL
Telemar
BrasilTelec
Telecom
Telebras
AxtelS.A.deC.V.
MaxcomTelecom
MX
BR
BR
MX
BR
BR
BR
BR
AR
BR
MX
MX
AMXL
TLPP4
VIVO4
TELMEXL
TCSL4
TMAR5
TNLP4
BRTO4
TECO72
TELB4
AXTELCPO
MAXCOMCPO
15.78
45.07
9.61
7.52
51.33
23.86
14.86
22.10
5.87
6.45
4.73
91,117
31,253
17,677
14,749
12,532
12,438
7,458
5,810
5,255
1,375
686
106
200,456
28,577
1,285
5,112
1,742
3,819
1,012
4,576
1,572
257
993
314
118
14,301
4.03
2.19
3.18
3.80
1.77
0.87
0.83
0.77
3.15
18.75
1.04
0.42
2.91
13.60
9.80
11.90
12.10
7.90
11.60
12.30
5.00
10.70
37.50
31.40
1.10
11.38
CiaHering
Guararapes
Alpargatas
Grendene
Springs
Cremer
Coteminas
BR
BR
BR
BR
BR
BR
BR
HGTX3
GUAR3
ALPA4
GRND3
SGPS3
CREM3
CTNM4
35.26
11.99
8.89
4.00
15.60
3,648
3,272
2,657
1,700
365
317
312
12,271
3,607
243
552
182
61
131
30
1,288
10.13
2.66
3.07
1.54
0.35
1.72
0.32
24.50
15.50
13.00
8.10
25.50
18.00
16696.50
409.46
11.65
2.75
2.24
47.2
17.5
20.2
15.8
CCRRodovias
ALLAmerLat
TAMS/A
Gol
OHLBrasil
GpoAeroportPacif
ASureste
Tegma
OMA
TriunfoPart
LogIn
BR
BR
BR
BR
BR
MX
MX
BR
MX
BR
BR
CCRO3
ALLL11
TAMM4
GOLL4
OHLB3
GAPB
ASURB
TGMA3
OMAB
TPIS3
LOGN3
47.40
33.50
18.80
67.00
48.18
68.79
25.00
25.05
8.99
7.30
13,301
5,713
3,272
3,226
2,934
2,295
1,753
1,048
849
834
397
6,249
1,686
3,673
4,095
772
757
712
421
164
198
114
6.37
2.05
1.70
3.99
1.01
1.36
3.94
1.66
0.95
1.04
31.20
6.20
22.80
14.80
20.10
16.30
15.00
17.70
45.50
45.10
12.50
8.40
5.90
7.70
7.00
10.60
9.30
12.20
7.10
15.10
4.40
0.40
0.70
2.00
6.20
4.90
1.30
3.90
2.20
1.00
4.10
3.50
1.00
1.50
3.00
4.40
3.80
3.00
2.00
0.00
47.4
43.6
27.6
3.2
36.1
100.0
98.4
18.0
36.6
14.3
36.4
36.6
9.1
8.3
29.6
36.0
40.9
13.8
19.3
20.9
5.9
43.8
51.3
15.1
12.6
38.0
56.5
50.0
35.0
45.7
10.5
13.9
7.6
7.0
3.1
13.7
30.9
29.9
8.9
22.2
4.9
2.1
PromedioTelecomunicaciones
PromedioTextil
Prom.Serv.Transporte
35,622
3,482
4.66
3.37
20.03
5.40
9.20
4.70
5.40
5.00
3.90
3.80
3.00
4.20
5.10
4.70
P/S
Trail.
12m
Div
Yield
(%)
PAIS
Empresa
Marg.
Bruto
(%)
Variacin
acum.2011
(USD,%)
1.2
0.8
0.9
1.0
1.2
1.6
1.5
1.3
0.9
1.1
0.9
2.7
182
98
145
230
79
284
488
135
81
1427
178
104
6.70
25.10
1.90
48.80
16.00
7.20
33.80
12.00
51.00
4.90
23.90
39.40
12.90
19.80
4.60
21.50
5.50
19.00
1.60
4.04
21.6
21.1
37.3
13.7
28.3
1.1
5.20
2.00
1.80
1.70
0.30
1.30
0.20
1.70
1.30
2.40
5.40
0.00
4.60
0.10
49.0
56.8
45.2
42.4
17.6
32.0
19.1
25.4
17.0
14.3
14.1
1.2
10.9
2.2
27.7
21.0
16.4
16.0
6.1
14.6
21.3
12.7
13.8
21.3
1.0
7.3
0.0
49.0
19.3
25.7
20.5
1.4
8.5
0.0
28.3
2.7
2.9
2.4
6.9
2.1
1.7
2.3
3.2
58
49
71
16
64
87
123
55
18.81
19.7
5.7
47.2
7.9
30.1
5.0
8.5
28.0
8.2
2.1
2.3
0.6
1.4
0.9
1.6
1.0
4.2
5.3
1.2
1.1
0.4
1.8
297
231
469
202
328
7
23
76
42
117
110
7.60
5.50
20.00
20.10
3.40
7.60
5.90
13.40
1.80
25.60
29.2
38.4
12.9
36.7
21.1
26.0
33.6
24.8
7.3
6.9
15.5
32.0
3.2
33.0
P/PN
(%)
5.61
43.3
15.7
14.7
12.9
12.9
15.9
3.8
2.6
17.7
13.1
2.4
46.1
Liq,
Cte.
18.60
9.40
10.00
6.80
7.70
10.80
2.71
42.2
33.9
33.2
39.6
28.7
33.8
33.6
33.1
31.1
31.1
27.9
ROE
(%)
1.00
11.20
8.10
3.90
2.70
3.30
3.40
6.20
5.90
0.00
0.00
0.00
2.74
24.7
21.3
20.1
24.1
9.3
11.2
11.1
24.1
22.0
2.7
0.3
Marg.
Neto
(%)
2.10
1.40
1.50
1.60
1.20
0.40
0.30
0.90
1.40
0.70
0.50
9.60
42.5
52.5
49.6
41.6
41.6
53.7
50.5
72.1
58.6
Marg. Marg.
EBIT EBITDA
(%)
(%)
17.6
1.4
165
245
6.23
2.94
jueves,30dejuniode2011
VALUACIONDEEMPRESASLATINOAMERICANAS
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