Generación de un portafolio de dos tipos de acciones cotizadas en los mercados bursátiles latinoamericanos a través del análisis de inversión de valor.

摘要

The progress on the research intents to explain a valuation technique for companies listed their shares on stock markets in Latin American. The proposed approach takes apart the behavior of the stock prices and focuses on analysis specific to each company selected. The purpose of the analysis is to obtain the value of the company’s capacity to consistently generate future cash flows, to maintain its competitive edge in a sustainable manner and to continue growing in the market. Once the value of each company is assessed, it is equally divided by the number of shares in the market. The value per unit shows whether the company is overvalued or undervalued by its comparison with the current share price. When a company shows undervalued, as value investing indicates, is a good time to invest until the price reaches the assessed value and then sell the stock. The approach used has been historically conservative, and lagged to the short term investing culture, however, the aim is to show investors a complement for the creation of its diversified portfolio.