Nmero de

Nombre industria empresas Beta

Publicidad 41 1.36
Aeroespacial 96 1.07
Transporte areo 18 1.12
vestir 58 0.88
Auto & Truck 15 0.85
piezas de automviles 63 1.12
Banco (Centro de Dinero) 10 0.86
Bancos (Regional) 645 0.47
Bebidas (alcohlicas) 25 0,79
Bebidas (suave) 36 0.91
Radiodifusin 30 1.22
Corredura y Banco de Inversin 45 1.08
Materiales de construccin 41 1.01
Negocios y Servicios al Consumidor 165 1.07
Televisin por cable 14 1.12
Qumica (bsico) 45 1
Qumica (Diversified) 8 1.52
Qumica (especialidad) 100 1.2
Carbn y relacionados con la energa 38 1.36
Servicios de computacin 117 0.99
Ordenadores / Perifricos 55 1.06

Suministros construccin 51 1.31

Diversificado 24 0.76
Drogas (Biotecnologa) 426 1.4

Drogas (Farmacutica) 164 1.02

Educacin 36 1.23
Equipo electrico 119 1.14
Electrnica (Consumer & Offic 24 1.08
Electrnica (general) 164 0.86
Ingeniera / Construccin 48 1.18
Entretenimiento 79 1.2
Ambiental y Residuos Servic 89 0.85
Agricultura / Agricultura 37 0.92
Svcs financieros.(No bancario y en 258 0.65
Procesamiento de alimentos 87 0.75
Alimentacin Mayoristas 16 1.2
Furn / Muebles para el hogar 30 0.84
Verde y Energa Renovable 25 1.14
Productos para el cuidado de la salud 254 1.04
Servicio de soporte de atencin mdica 121 0.94
Informacin Heathcare y Te 125 0.95
Construccin de viviendas 33 1.08
Hospitales / Instalaciones sanitarias 38 1.1
Hotel / Gaming 69 0.96
productos domsticos 129 0.8
Servicios de informacin 64 0.98
(Generalidades) 19 0.9
Seguros (de vida) 22 1.03
Seguros (Prop / Cas.) 50 0.83
Las inversiones y los Activos de Manejo 156 0.9
Maquinaria 127 1.06
Metales y minera 97 1.3
Equipos y Servicios de Oficina 24 1.49
Petrleo / Gas (Integrado) 7 1.08
Petrleo / Gas (Produccin y Explo 330 1.38
Petrleo / Gas Distribution 78 1.2
Oilfield Svcs / Equip. 148 1.37
Envase y Embalaje 26 0.84
Papel / Productos Forestales 23 1.12
poder 68 0.54
Metales preciosos 109 1.25
Editorial y Prensa 37 1.32
REIT 238 0,72
Desarrollo inmobiliario) 18 0.68
Inmobiliaria (General / diversificacin 11 1.27
Inmobiliaria (Operaciones y Ser 54 0.99
Recreacin 66 0.92
Reaseguro 3 0.75
Restaurante / Comedor 86 0,77
Al por menor (Automocin) 25 0.91
Al por menor (Building Supply) 6 1.3
Al por menor (Distribuidores) 88 1.1
Al por menor (general) 19 1.05
Al por menor (ultramarinos y la Alimentacin) 14 0.69
Al por menor (en lnea) 57 1.23
Al por menor (lneas especiales) 108 1.02
Neumticos de goma 4 1.35
Semiconductor 80 1.2
Equipo de semiconductores 45 1.1
Shipbuilding & Marine 11 1.2
Zapato 10 0.85
Software (Entretenimiento) 13 0.98
Software (Internet) 297 1.13
Software (Sistemas y de soli 236 1.13
Acero 38 1.6
Telecom (inalmbrica) 17 1.12
Telecom.Equipo 107 0.99
Telecom.servicios 67 1.04
Tabaco 22 1.28
transporte 17 1.01
Transporte (Ferrocarriles) 7 0,79
Camionaje 30 1.21
Utilidad (general) 18 0.38
Utilidad (Agua) 22 0.65
Mercado total 7330 1
Mercado total (sin Plani 6100 1.08
 beta sin
deuda
Efectivo / corregida
Tasa de beta sin valor de la por dinero
D / E Ratio impuesto deuda firma en efectivo Riesgo NiHo

62.98% 5.10% 0.85 6,27% 0.91 0.6671

23,53% 10,86% 0.89 5.21% 0.94 0.5241
70.12% 22.99% 0,73 4.23% 0.76 0.476
34.21% 10,95% 0.67 4,30% 0,71 0.4968
150.42% 8,14% 0.35 6,46% 0.38 0.6222
35.22% 10.40% 0.85 8.90% 0.94 0.5478
188,03% 27.90% 0.37 9,89% 0.41 0.2658
60.51% 25.43% 0.33 10,76% 0.36 0,2325
29.02% 10,86% 0.63 11.30% 0,71 0.5805
24.51% 5,87% 0.74 4,84% 0,78 0.5856
95.92% 18,54% 0.68 2,17% 0.7 0.4266
232.21% 13,59% 0.36 14.97% 0.42 0.4577
26.98% 23.39% 0.83 4,05% 0.87 0.3818
35.10% 12,61% 0.82 3,52% 0.85 0.52
49.24% 20.28% 0.8 2,32% 0.82 0.3395
58,62% 7,71% 0.65 4,00% 0.68 0.5526
35.52% 6,59% 1.14 6,50% 1.22 0.5298
29.98% 9,58% 0.94 3,97% 0.98 0.4924
138.55% 0,48% 0.57 5,34% 0.61 0.6001
28.33% 11,18% 0,79 5.24% 0.83 0.539
19.60% 5,68% 0.89 5,61% 0.94 0.4866

42.57% 18.44% 0.98 4,68% 1.02 0.4424

35.98% 11,55% 0.58 7,84% 0.63 0.3951
19,45% 1,44% 1.18 5,54% 1.25 0.5805

14.58% 2.54% 0.89 3,98% 0.93 0.6179

33.38% 9,29% 0.94 10,16% 1.05 0.5865
19,15% 5,87% 0.97 6,42% 1.04 0.6252
19.39% 3,81% 0.91 5,99% 0.97 0.6086
17.87% 8,85% 0.74 10,02% 0.83 0.4951
32.45% 15,15% 0.93 8,26% 1.01 0.5056
30.83% 5,50% 0.93 3,59% 0.97 0.6605
38.98% 5,07% 0.62 0,95% 0.63 0.5837
60.04% 7,89% 0.59 3,88% 0.62 0.5482
1124,41% 20.80% 0.07 2.29% 0.07 0.2947
26.84% 14,66% 0.61 2,57% 0.63 0.4214
 36.34% 11.77% 0.91 1,76% 0.93 0.3878
29.01% 14.58% 0.67 3,39% 0.69 0.4789
174.38% 4,25% 0.43 8,85% 0.47 0.677
17,96% 6.12% 0.89 3,91% 0.92 0.5348
32.18% 14,31% 0.74 10,07% 0.82 0.5096
20.70% 6.32% 0.8 4,22% 0.83 0.5458
66.29% 27,28% 0,73 5.33% 0,77 0.3321
170.77% 12,06% 0.44 1,43% 0.45 0.4817
55.28% 11,23% 0.64 3,43% 0.67 0.4598
21,20% 9,05% 0.67 2,97% 0.69 0.5926
20.46% 16.37% 0.84 3,71% 0.87 0.3452
38.95% 18.33% 0.69 3,92% 0,71 0.2761
71.41% 22.91% 0.67 16,83% 0.8 0.2818
31.11% 22.27% 0.67 4,61% 0.7 0.2524
61.59% 7,71% 0.57 15.46% 0.68 0.3809
21,70% 11,73% 0.89 4,28% 0.93 0.4467
51.98% 1.16% 0.86 2,98% 0.89 0.744
54.32% 16,68% 1.03 6.31% 1.09 0.4362
16.91% 1.14% 0.93 2,05% 0.95 0.5161
46.98% 0,32% 0.94 5,44% 0.99 0.6405
77.05% 2,93% 0.68 0,76% 0.69 0.4215
32.66% 4.11% 1.04 6,27% 1.11 0.545
56.03% 24,47% 0.59 2,55% 0.6 0.3546
49.34% 14,46% 0,79 4,87% 0.83 0.5042
87.30% 19,27% 0.32 2,46% 0.33 0.2648
24.11% 1,84% 1.01 8.33% 1.1 0.7586
56.95% 14,32% 0.89 7,77% 0.96 0.4132
79,46% 1,72% 0.41 1,61% 0.41 0.2392
60.51% 1,97% 0.43 8,47% 0.47 0.6038
24.33% 15,32% 1.05 3,71% 1.09 0.4391
76.67% 8,78% 0.58 5.21% 0.62 0.5913
31.12% 13.21% 0,73 4,54% 0.76 0.5233
32.38% 19,33% 0.59 8,30% 0.65 0.2514
35.01% 16,47% 0.59 2,36% 0.61 0.4123
59.89% 22,58% 0.62 1,12% 0.63 0.4333
21.86% 20.11% 1.11 1.66% 1.12 0.2621
56.95% 16,95% 0.75 2.19% 0,77 0.5018
39.57% 22,22% 0.8 2,73% 0.82 0.2805
66.85% 24.11% 0.46 1,25% 0.46 0.3599
9,63% 8,46% 1.13 3,79% 1.17 0.5212
52.13% 21.29% 0,73 4.29% 0.76 0.4108
72.35% 10,09% 0.82 8,09% 0.89 0.4555
14.09% 7,71% 1.06 4,78% 1.11 0.4717
16,35% 11.13% 0.96 12,69% 1.1 0.4324
48.41% 7,30% 0.83 2,83% 0.85 0.5953
10,26% 14,47% 0,78 5,59% 0.83 0.3007
14,74% 1,04% 0.86 11.29% 0.96 0.6124
 4.27% 3,49% 1.09 2,64% 1.12 0.6293
21,50% 5,67% 0.94 5.33% 0.99 0.5614
47.93% 7,94% 1.11 7,04% 1.19 0.5972
114.58% 9,11% 0.55 5,92% 0.58 0.653
24,55% 6,14% 0.8 6,86% 0.86 0.4893
65.89% 13,36% 0.66 1,78% 0.68 0.4531
17,18% 8,84% 1.11 2,38% 1.13 0,6350
31.98% 17.46% 0.8 3.51% 0.83 0.3969
27.94% 22.17% 0.65 1,82% 0.66 0.2829
90.80% 26.74% 0,72 4,25% 0.76 0.4577
68.37% 25.62% 0.25 0,65% 0.25 0.1515
43.47% 11.97% 0.47 0,43% 0.47 0.453
67,90% 10,44% 0.62 4,92% 0.65 0.4822
35.71% 8,31% 0,81 4,08% 0.85 0.5249
 La
desviacin
estndar del
La resultado de
desviacin explotacin
estndar de (ltimo 10
la equidad aos)

72.80% 17,05% Ke=RF + (Rm- Rf) +Rp

40.75% 14.67%
38.61% 99,37% 2016
47.15% 24,77% RF 5.18%
29,21% 366,54% B 1.55
50.64% 54.10% Rm 11.42%
25.85% Rp 1.52%
22.84% y 1.26
44.18% 27.49% ke 16.78%
52.80% 16.55%
41.01% 18.50%
44.96% 40.20%
33.77% 48.36%
44.71% 20.37%
30.78% 40.08% 2016
59.91% 54.64% DEUDA 50%
45.48% 26.46% CAPITAL 50%
45.44% 27,95% IMPUESTO 29.5%
73.31% 84.87% B SIN APALANCAR 0.91
45.57% 16.36% B 1.55
60.29% 57.15%

38.87% 28.00% wacc

23.28% 21,92%
75.23% 68.61%

67,61% 12,05%
51.51% 43.36%
54.63% 17.78% 2016
66.94% 57.44% D 50%
48.91% 30.66% E 50%
44.23% 20.48% Re 16.78%
44.71% 18,90% t 29.5%
57.94% 14,25% Rd sin T 20.00%
41.14% 26,67% Rd con T 14.10%
29.20% 45.33% wacc 15.44%
30.98% 22.15%
52,66% 15,60%
42.94% 28.13%
47.60% 97.34%
56.59% 11,19%
50.06% 22.08%
52.46% 37.38%
33.76% 137.06%
44.67% 32.38%
39.32% 26.38%
50.91% 6,48%
36.65% 34.87%
30.38% 76.49%
27.80% 34.97%
25.41% 59.96%
34.30% 32.59%
38.59% 22,89%
77.36% 32.69%
33.85% 14.76%
46.30% 44.08%
75.08% 70,00%
45.13% 45.25%
60.50% 33.60%
29.58% 20,50%
38.67% 38.75%
24.11% 7,62%
78.31% 72.93%
48.08% 13.57%
24.67% 27,75%
39,45% 336,02%
24.99% 170.32%
50.15% 41.20%
46.01% 28.71%
21,23% 79.92%
39.10% 21.59%
28.30% 36.36%
39.62% 23,30%
40.48% 38.55%
40,00% 6,58%
35.13% 17.61%
48.86% 51.38%
42.19% 21.86%
63.88% 46.21%
42.08% 33.61%
38.24% 50.41%
73,54% 24.62%
37.21% 26,27%
48.14% 119.34%
55.85% 46.53%
47.40% 17.04%
54.19% 65.41%
37.67% 42.23%
49.24% 17,73%
47.21% 37.74%
61,73% 16,67%
32.72% 24.08%
27,05% 28.20%
42.01% 33.32%
19.32% 6,86%
45.04% 25.14%
45.04% 17.28%
48.81% 16.91%
(Rm- Rf) +Rp
DESCRIPCION
tasa libre de riesgo - rendimiento promedio de un Bono EEUU a 10 aos
beta de damodarana apalancada con la estructura finaciera
Rendimient promedio del SP500
Tasa de Riesgo Pais Peru a febrero 2017
indice de volatividad de la bolsa de Lima
Costo de Oportunidad de la optica
TASA DE INTERS PROMEDIO DEL SISTEMA BANCARIO

Tasas Activas Anuales de las Operaciones en Moneda Nacional Realizadas en

Tasa Anual (%) Continental Comercio Crdito Financiero
Corpo 5.50 - 6.02 6.58
Descuento 5.98 - 6.24 -
Prstamos 5.04 - 5.85 6.20
Prstamos 5.16 - 5.55 7.02
Prstamos 5.95 - 5.69 -
Prstamos 5.98 - 6.19 -
Prstamo 7.60 - 6.93 -
Gran 7.33 10.71 7.14 8.51
Descuento 9.52 - 6.02 7.78
Prstamos 5.56 10.82 7.15 9.10
Prstamos 7.36 - 7.72 8.74
Prstamos 6.81 10.00 7.05 8.33
Prstamos 7.19 - 8.13 -
Prstamo 7.98 - 8.34 8.85
Med 11.87 11.59 9.80 10.22
Descuento 13.54 9.31 7.92 9.81
Prstamos 10.53 12.58 9.59 11.87
Prstamos 11.66 12.97 9.06 10.62
Prstamos 11.99 8.50 11.32 10.16

Prstamos 11.91 - 8.86 11.99

Prstamo 10.37 11.00 11.71 9.96
Peq 14.63 - 18.05 22.75

Descuento 18.83 - 8.21 10.34

Prstamos 6.24 - 12.93 -
Prstamos 13.20 - 16.01 23.15
Prstamos 18.01 - 24.42 24.80
Prstamos 18.50 - 24.50 25.11
Prstamo 13.11 - 17.43 22.57
Micr 25.26 14.00 26.86 36.28
Tarjetas d 36.58 0.01 29.76 62.46
Descuento 19.32 - 9.60 -
Prstamo 16.00 - - -
Prstamos 9.10 - - -
 Prstamos 10.30 14.00 22.16 42.10
Prstamos 17.16 - 27.66 43.48
Prstamos 17.17 - 30.63 48.21
Prstamos 11.85 - 18.32 34.27
Con 46.21 19.17 32.56 49.77
Tarjetas d 59.02 25.77 37.30 70.40
Prstamo 20.48 - - -
Prstamo 11.03 - 11.49 8.99
Prstamos 6.32 15.29 14.43 35.87
Prstamos 17.46 19.15 15.26 36.80
Crditos p - 66.29 - -
Hipot 7.93 9.58 8.52 9.28
Prstamos 7.93 9.58 8.52 9.28

Tasa Anual (Promedio

Corporativos
Prstamos6.05
Grandes Empresas
Prstamos7.86
Medianas Empresas
Prstamos10.74
Pequeas Empresas
Prstamos26.18
Microempresas
Prstamos46.31
RIO

da Nacional Realizadas en los ltimos 30 Das tiles Por Tipo de Crdito al 25/0
BIF Scotiabank Citibank Interbank Mibanco GNB
6.28 5.30 6.48 s.i. - 7.84
6.52 6.05 - s.i. - -
5.00 5.18 5.78 s.i. - -
5.52 5.21 6.66 s.i. - 7.84
5.35 5.45 7.80 s.i. - -
6.25 - - s.i. - -
8.04 - - s.i. - -
7.08 6.87 6.20 s.i. - 8.83
7.08 6.18 - s.i. - 10.27
6.84 6.14 6.62 s.i. - 8.67
6.86 6.82 6.02 s.i. - 7.51
7.19 6.77 6.02 s.i. - 9.48
7.88 5.88 - s.i. - 12.63
9.97 7.43 - s.i. - 9.20
9.30 11.47 6.90 s.i. 16.70 11.13
8.95 10.02 - s.i. - 12.97
6.52 11.78 6.30 s.i. - 12.00
9.93 11.12 6.95 s.i. - 10.77
9.35 10.23 - s.i. 16.58 10.52

10.72 13.26 - s.i. 18.91 -

9.53 15.37 - s.i. 15.95 11.59
12.71 22.74 - s.i. 25.19 15.81

12.92 14.10 - s.i. - -

- 16.89 - s.i. 39.88 -
12.32 18.74 - s.i. 30.09 12.50
11.61 15.50 - s.i. 31.25 15.75
14.02 22.51 - s.i. 27.86 15.00
13.77 23.83 - s.i. 24.18 15.92
13.46 22.20 - s.i. 40.28 13.66
- 30.62 - - - -
14.71 12.19 - s.i. - -
16.35 - - s.i. - -
- 16.00 - - 55.26 -
 - 11.92 - s.i. 56.12 -
- 14.38 - s.i. 56.05 -
- 21.83 - s.i. 46.63 -
12.00 21.04 - s.i. 34.28 13.66
18.30 28.05 - s.i. 55.30 39.44
30.00 30.62 - s.i. - 42.26
- - - s.i. - -
10.45 11.71 - s.i. - -
14.72 18.86 - s.i. 64.92 -
14.84 19.06 - s.i. 45.80 11.11
- - - - - -
8.89 8.64 - s.i. 15.95 8.64
8.89 8.64 - s.i. 15.95 8.64
Falabella Santander Ripley Azteca Cencosud ICBC
- 8.12 - - - -
- 8.74 - - - -
- 6.89 - - - -
- 8.99 - - - -
- 7.80 - - - -
- - - - - -
- 9.10 - - - -
- 8.86 - - - -
- 9.85 - - - -
- 7.80 - - - -
- 8.24 - - - -
- 8.54 - - - -
- 8.55 - - - -
- 9.33 - - - -
- 10.35 - - - -
- 9.35 - - - -
- - - - - -
- 8.59 - - - -
- 9.09 - - - -

- 9.25 - - - -
- 11.12 - - - -
- - - - - -

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
 - - - - - -
- - - - - -
- - - - - -
- - - - - -
60.62 - 67.37 133.91 82.49 -
60.83 - 74.15 149.27 82.49 -
- - - - - -
10.71 - - - - -
32.92 - 49.87 135.26 - -
20.90 - 32.43 126.52 - -
- - - - - -
- - - - - -
- - - - - -
Promedio
6.08
6.93
5.61
5.51
5.93
6.05
7.15
7.32
7.27
7.19
7.38
7.03
7.86
7.90
10.58
9.81
9.68
10.01
11.20

10.74
11.64
21.45

12.65
8.94
16.36
22.06
26.18
21.68
37.24
30.61
11.89
19.05
14.20
37.37
49.19
46.31
32.60
46.86
52.15
20.34
11.28
54.60
23.69
66.29
8.59
8.59