Ingresos

2013

2014

2015

2016

2017

2018

2019

399,166,720

392,638,810

386,217,656

400,971,171

425,951,675

457,216,528

497,680,190

-1.64%

3.82%

6.23%

7.34%

8.85%

9.62%

-260,843,676

-256,024,239

-265,229,576

-281,142,780

-301,123,243

-327,059,229

-66.43%

-66.29%

-66.15%

-66.00%

-65.86%

-65.72%

Var(%)
Costos

-257,524,078

%
Gastos por adm. y ventas

-139,162,267

-144,469,641 -139,096,618.4

-141,284,723.75 -146,766,665.0 -153,975,546.0 -163,723,194.1

-36.79%

-36.02%

-35.24%

-34.46%

-33.68%

-32.90%

-12,674,507

-8,903,201

-5,543,129

-1,957,770

2,117,739

6,897,767

-3.23%

-2.31%

-1.38%

-0.46%

0.46%

1.39%

-5,151,983

-1,385,345.15

1,974,727.42

5,560,086.26

9,635,594.77

14,415,623.45

-1.31%

-0.36%

0.49%

1.31%

2.11%

2.90%

-620,094

-529,435

-1,724,442

6,382,484

7,517,856

7,517,856

7,517,856

7,517,856

7,517,856

7,517,856

128,519,601

110,030,874

124,623,071

146,401,457

173,600,261

205,747,437

233,909,690

32.20%

28.02%

32.27%

36.51%

40.76%

45.00%

47.00%

Inversin

-128,519,601

18,488,727

-14,592,197

-21,778,386

-27,198,804

-32,147,177

-28,162,252

Flujo de Caja

-113,894,353

20,854,600

-8,459,686.24

-12,285,802.73 -14,120,861.36 -15,523,160.57

-7,953,214.44

-28.53%

5.31%

-2.19%

Ingreso operacional (EBIT)

2,480,375

Margen Operacional
EBITDA

8,862,858

Margen EDITDA
Impuestos
Amortizacin y depreciacin
Cartera de Credito
Cartera/Ingresos

Margen (Flujo de Caja/Ingreso)

Beta Hites

1.2

Tasa Libre Riesgo (r_f)

5.00%

Tasa de Mercado (r_m)

10.00%

Tasa Exigida Accionistas (k_e)

11.00%

Tasa Impuestos

25.00%

Tasa deuda(K_d)

8.00%

Deuda Financiera (VED)

$177,917,071

Patrimonio

$146,959,582

CCPP
Valor Actual Flujo de caja
Perpetuidad Ultimo Flujo de caj

8.26%
24,126,233
364,277,096

-3.06%

-3.32%

-3.40%

-1.60%

2013
VEA

388,403,329

VEP

210,486,258

Numero de acciones
Precio Accin

1,997,235,044
105.39

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

545,557,025

594,875,380

651,567,004

715,811,510

787,034,755

9.04%

9.53%

9.86%

9.95%

10.00%

-357,740,275

-389,227,246

-425,386,586

-466,303,592

-511,572,591

-65.57%

-65.43%

-65.29%

-65.14%

-65.00%

-175,220,999.7 -186,424,198.6 -199,111,760.1 -213,164,758.8 -228,240,079.0

-32.12%

-31.34%

-30.56%

-29.78%

-29.00%

12,595,750

19,223,935

27,068,658

36,343,159

47,222,085

2.31%

3.23%

4.15%

5.08%

6.00%

20,113,606.44

26,741,791.41

34,586,513.71

43,861,014.98

54,739,941.32

3.69%

4.50%

5.31%

6.13%

6.96%

-3,148,938

-4,805,984

-6,767,164

-9,085,790

-11,805,521

7,517,856

7,517,856

7,517,856

7,517,856

7,517,856

272,778,512

297,437,690

325,783,502

357,905,755

393,517,378

50.00%

50.00%

50.00%

50.00%

50.00%

-38,868,823

-14,386,298.05

29,453,663.56

35,337,205.28

42,293,081.24

50,452,275.99

-2.64%

4.95%

5.42%

5.91%

6.41%

2020

2021

2022

2023

2024