INTEGRANTES

NOMBRE
ANA MILENA RINCON
CHELSY NATALIA MOLINA OLAYA
IVONNE ANDREA MALAGON MALDONADO
JULIE PAOLA MURILLO MENDEZ
RICARDO CANO PARDO

PROFESOR
ALEXANDER LEON VILLANUEVA

EMPRESA A ANALIZAR
SECTOR FARMACEUTICO

ASIGNATURA/MÓDULO
EVALUACION DE PROYECTO

FECHA
5/2/2023
GRANTES
CÓDIGO
100243086
100296377
100295494
100283114
100120229

FESOR
EON VILLANUEVA

A ANALIZAR
RMACEUTICO

RA/MÓDULO
N DE PROYECTO

CHA
/2023
 #REF!
Estado de Resutlados

Horizontal
Análisis Vertical
2017 año 2017 relativo 2018-
2017

Ingresos de Actividades Ordinarias #REF! #REF! #REF!

Costo de Ventas #REF! #REF! #REF!
Garancia Bruta #REF! #REF! #REF!
Gastos de Administración #REF! #REF! #REF!
Gastos de Ventas #REF! #REF! #REF!
Depreciación #REF! #REF! #REF!
Amortización de Diferidos #REF! #REF! #REF!
Utilidad Operacional #REF! #REF! #REF!
Gastos Financieros #REF! #REF! #REF!
Otros gastos #REF! #REF! #REF!
Otros Ingresos #REF! #REF! #REF!
Utilidad antes de impuestos #REF! #REF! #REF!
Provisión Impuesto de Renta #REF! #REF! #REF!
Utilidad Neta #REF! #REF! #REF!

#REF!
ESTADO DE SITUACIÓN FINANCIERA CONSOLIDADO
Análisis Vertical Horizontal
2017 año 2017 relativo 2018-
2017
ACTIVOS
Activos Corrientes #REF! #REF!
Efectivo (efectivo y equivalente al efec #REF! #REF!
Deudores Comerciales #REF! #REF!
Otras cuentas por cobrar #REF! #REF!
Cuentas por cobrar accionistas #REF! #REF!
Inventarios #REF! #REF!
Total Activos Corrientes #REF! #REF!
Activos no Corrientes #REF! #REF!
Inversiones en asociadas #REF! #REF!
Propiedades, planta y equipo #REF! #REF!
Terrenos #REF! #REF!
Construcciones #REF! #REF!
Maquinaria y Equipo #REF! #REF!
Equipo de Transporte #REF! #REF!
Equipo de Oficina #REF! #REF!
Muebles y Enseres #REF! #REF!
Otros #REF! #REF!
Depreciación Acumulada #REF! #REF!
Propiedad, planta y equipo Neto #REF! #REF!
Activos Intangibles #REF! #REF!
Activo por Impuestos Diferidos #REF! #REF!
Total Activos no Corrientes #REF! #REF!
Activos Totales #REF! #REF!
PASIVOS Y PATRIMONIO #REF! #REF!
Pasivos Corrientes #REF! #REF!
Obligaciones Financieras de CP #REF! #REF!
Porción corriente de la deuda de LP #REF! #REF!
Acreedores comerciales - Proveedores #REF! #REF!
Pasivos Laborales #REF! #REF!
Impuestos por pagar #REF! #REF!
Otro #REF! #REF!
Otro #REF! #REF!
Total Pasivos Corrientes #REF! #REF!
Pasivos no Corrientes #REF! #REF!
Obligaciones financiera de LP #REF! #REF!
Obligaciones con accionistas #REF! #REF!
Otro #REF! #REF!
Otro #REF! #REF!
Pasivos no Corrientes #REF! #REF!
Pasivos Totales #REF! #REF!
Patrimonio #REF! #REF!
Capital pagado #REF! #REF!
Reserva Legal #REF! #REF!
Otras Reservas #REF! #REF!
Utilidades retenidas #REF! #REF!
Utilidades del Periodo #REF! #REF!
Total Patrimonio #REF! #REF!
Total pasivos y patrimonio #REF! #REF!
 #REF!
Estado de Resutlados

Horizontal
Análisis Vertical
2018 año 2018 relativo 2019- 2019 Horizontal
2018 Analisis Vertical año relativo 2020-
2019 2019
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#REF!
UACIÓN FINANCIERA CONSOLIDADO Horizontal
Análisis Vertical Horizontal
2018 Analisis Vertical año relativo 2020-
año 2018 relativo 2019- 2019 2019 2019
2018

#REF! #REF! #REF! #REF!

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#REF! #REF! #REF! #REF!
 PIB Sector 3.00% 3.50% 3.50%
IPC 2.00% 2.50% 3.00%
IPP 4.00% 4.00% 4.00%

#REF!
Estado de Resutlados Proyectado

Análisis
Jun-20 Vertical año 2020 2021 2022
2020

#REF! #REF! 13,797 14,637 15,604

#REF! #REF! 10,516 10,937 11,659
#REF! #REF! H 3,281 3,700 3,944
#REF! #REF! o 717.4 761.1 811.4
r
#REF! #REF! i 1559 1654 1763
#REF! #REF! z 97 102 109
o
#REF! #REF! n 14 15 16
#REF! #REF! t 893.9 1167.8 1244.9
a
#REF! #REF! l 345 366 390
#REF! #REF! 83 88 94
r
#REF! #REF! e 14 15 16
#REF! l 480 729 777
#REF!
a
#REF! #REF! t 115 175 186
i
#REF! #REF!
v
365 554 590
o

2
0
2
0
- #REF!
2
0 ESTADO DE SITUACIÓN FINANCIERA PROYECTADO
Análisis Vertical 1
2020 año 2020 2020 2021 2022
9

#REF! #REF!
#REF! #REF! 324 376 345
#REF! #REF! 2,850 3,050 3,242
#REF! #REF! 630 650 676
#REF! #REF! #REF! 598 604
#REF! #REF! 1,104 1,171 1,248
#REF! #REF! #REF! 5,844 6,115
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF!
#REF! #REF! #REF! 365 385
#REF! #REF! 80 81 82
#REF! #REF! #REF! 115 119
#REF! #REF! #REF! #REF! #REF!
#REF! #REF!
#REF! #REF! 320 342 365
#REF! #REF! #REF! #REF! #REF!
#REF! #REF! 15 16 17
#REF! #REF! 55 63 69
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#REF! #REF! 126 137 144
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#REF! #REF! 3,080 3,265 3,461
#REF! #REF! 189 205 216
#REF! #REF! 314 342 360
#REF! #REF! 13 12 15
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#REF! #REF! 3,721 3,962 4,195
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#REF! #REF! 211 215 223
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#REF! #REF! 20 21 23
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#REF! #REF! 231 236 246
#REF! #REF! 3,952 4,198 4,441
#REF! #REF!
#REF! #REF! 792 792 792
#REF! #REF! 556 556 556
#REF! #REF! 25 50 50
#REF! #REF! 174 100 100
#REF! #REF! 365 554 590
#REF! #REF! 1,911 2,051 2,088
#REF! #REF! 5,863 6,249 6,529
$ 2,821.030 #REF! #REF!
#REF! #REF! #REF!

CHECK
 3.50%
3.00%
4.00%

oyectado

2023

16,634 (+)
12,429 (-)
4,205 (+)
865.0 (+)
1880 (=)
116 (+/-)
17 (+/-)
1327.2 (=)
416
100
17
828
199
629

RA PROYECTADO
2023

348
3,501
723
610
1,331
6,513
 402
95
123
#REF!

383
#REF!
-
75
#REF!
#REF!

151

3,703
227
378
16

4,476

245

25

270
4,746

792
556
50
160
629
2,187
6,932

#REF!
 #REF!
FLUJO DE CAJA PROYECTADO

2020

Utilidad Operacional 894

Impuestos 295.0
Depreciaciones 97
Amortizaciones 14
Flujo de Caja Bruto 709.3
Incremento/Decremento capital de trabajo #REF!
Incremento/Decremento activos fijos #REF!
Flujo de caja libre #REF!

#REF!
CAPITAL DE TRABAJO

Capital de Trabajo neto 2019

Activos Corrientes #REF!
Pasivos Corrientes #REF!
Capital de Trabajo #REF!
Variación Capital de trabajo CT

Capital de trabajo neto operativo 2019

Deudores Comerciales #REF!
Inventarios #REF!
Acreedores comerciales #REF!
Capital de trabajo neto operativo KTNO #REF!
Variación del KTNO

Inversión en Activos 2019

Inversión Activo fijo bruto #REF!
Variación del KTNO
 FCL

#REF!
Costo de Capital
2019
Deuda con costo financiero #REF!
Patrimonio #REF!
Total Capital Invertido #REF!
Gastos financieros #REF!
Costo de la Deuda gastos financieros/deuda con costo #REF!
Tasa de impuestos 30%
KDT #REF!
Costo del Patrimonio
Tasa libre de riesgos Rf #REF!
Rendimiento del mercado RM #REF!
Beta desapalancado de la industria (comercio al por mayor) 0.86
Beta apalancado Bo* (1+((D/P)*(1-Tx))) #REF!
Ke #REF!
Riesgo País 3.81%
KE +Rp #REF!
CPPC #REF!

EMPRESA COMERCIAL
Métodos de Decisión Financiera

Tasa de descuento (el promedio de los 5 años)= 29.30%

2019
0
Flujo de caja libre - 959

VPN #REF!

TIR #REF!

RBC #REF!
PRI: #N/A

II= 959

SFCL =
FCr = #N/A
n= #N/A
SFC = #N/A

EMPRESA COMERCIAL
ANALISIS DE SENSIBILIDAD // VARIAB

ESCENARIO PROBABLE

VENTAS 13,797
COSTO VENTAS 10,516
GASTOS DE ADMINISTRACION 717.44
TASA DE DESCUENTO 29.30%
INVERSION INICIAL - 959

EMPRESA COMERCIAL
ANALISIS DE SENSIBILIDAD // ESECENA

ESCENARIO PESIMISTA

VENTAS 11727.4337312244
COSTO VENTAS 12093.6745421496
INVERSION INICIAL -1150.56522144

CIBERGRAFIA
https://player.vimeo.com/video/819200970
https://es.tradingeconomics.com/colombia/corporate-tax-rate
https://pages.stern.nyu.edu/~adamodar/pc/datasets/histretSP.xls
https://pages.stern.nyu.edu/~adamodar/pc/datasets/histretSP.xls
https://pages.stern.nyu.edu/~adamodar/pc/datasets/totalbetaemerg.xls
www.ambito.com/contenidos/riego-pais-colombia.html
YECTADO

2021 2022 2023

1,168 1,245 1,327

385.4 410.8 438.0
102 109 116
15 16 17
899.5 958.9 1,022.3
- 82 - 74 - 100
#REF! #REF! #REF!
#REF! #REF! #REF!

#REF!
CAPITAL DE TRABAJO

2020 2021 2022 2023

#REF! 5,844 6,115 6,513
3,721 3,962 4,195 4,476
#REF! 1,882 1,920 2,038
#REF! #REF! 38 118

2020 2021 2022 2023

2,850 3,050 3,242 3,501
1,104 1,171 1,248 1,331
3,080 3,265 3,461 3,703
874 956 1,029 1,129
#REF! 82 74 100

2020 2021 2022 2023

#REF! #REF! #REF! #REF!
#REF! #REF! #REF! #REF!

2020 2021 2022 2023

 #REF! #REF! #REF! #REF!

#REF!
Costo de Capital
2020 2021 2022 2023
337 352 367 396
1,911 2,051 2,088 2,187
2,248 2,403 2,455 2,583
345 366 390 416
102.5% 104.0% 106.3% 104.9%
30% 30% 30% 30%
71.7% 72.8% 74.4% 73.4%

#REF! #REF! #REF! #REF!

#REF! #REF! #REF! #REF!
0.86 0.86 0.86 0.86
0.97 0.96 0.97 0.97
#REF! #REF! #REF! #REF!
3.81% 3.81% 3.81% 3.81%
#REF! #REF! #REF! #REF!
#REF! #REF! #REF! #REF!

EMPRESA COMERCIAL
todos de Decisión Financiera

2020 2021 2022 2023

1 2 3 4
#REF! #REF! #REF! #REF!
 Años

2020 2021 2022 2023

1 2 3 4
#REF! #REF! #REF! #REF!

EMPRESA COMERCIAL
S DE SENSIBILIDAD // VARIABLES

VPN=0 VARIACION

13,573 98.37%
10,697 101.72%
1,281.28 178.59%
38% 131.06%
-1258.68 131.28%

EMPRESA COMERCIAL
DE SENSIBILIDAD // ESECENARIOS

ESCENARIO PROBABLE ESCENARIO OPTIMISTA

13,797 15866.5279893036
10,516 10305.9139576579
- 959 -814.98369852

CIBERGRAFIA
RAZONES DE ACTIVIDAD Fórmulas
Periodo de cobro a deudores comerciales - Días (cxc / ventas) *360

Rotación de inventario - Días

(inventario / costo ventas) * 360

Periodo de pago a acreedores comerciales - Días (proveedores/costo de ventas) *360
Ciclo Operacional - Días rotacion cartera + rotación inventarios
Ciclo de conversión del Efectivo - Días RC + R Invent. - R. Proveedores
2019 2020 2021 2022 2023

#REF! 74.36 75.00 74.79 75.78

#REF! 37.78 38.54 38.54 38.54

#REF! 105.44 107.46 106.85 107.25
#REF! 112.15 113.55 113.34 114.32
#REF! 6.71 6.08 6.48 7.07
Resumen del escenario
Valores actuales: PROBABLE PESIMISTA
Celdas cambiantes:
VENTAS 13,797 13,797 11,727
COSTOS 10,516 10,516 12,094
INVI - 959 - 959 - 1,151
Celdas de resultado:
VPN 299.9 299.9 - 5,330.2
Notas: La columna de valores actuales representa los valores de las celdas cambiantes
en el momento en que se creó el Informe resumen de escenario. Las celdas cambiantes de
cada escenario se muestran en gris.
 OPTIMISTA

17,936
11,042
- 1,151

4,886.3
Date updated: 5-Jan-23 YouTube Video explaining estimation choices and process.
Created by: Aswath Damodaran, adamodar@stern.nyu.edu
What is this data? Beta, Unlevered beta and other risk measures Emerging Markets
Home Page: http://www.damodaran.com
Data website: https://pages.stern.nyu.edu/~adamodar/New_Home_Page/data.html
Companies in each industry: https://pages.stern.nyu.edu/~adamodar/pc/datasets/indname.xls
Variable definitions: https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/variable.htm
Do you want to use marginal or effective tax rates in unlevering betas? Marginal
If marginal tax rate, enter the marginal tax rate to use 24.23%
Effective Tax
Industry Name Number of firms Beta D/E Ratio rate Unlevered beta Cash/Firm value Unlevered beta corrected for cash HiLo Risk
Advertising 135 1.25 10.52% 12.72% 1.16 11.17% 1.31 0.4375
Aerospace/Defense 121 1.11 12.26% 11.28% 1.02 11.65% 1.15 0.3272
Air Transport 79 1.22 87.88% 6.71% 0.73 8.11% 0.80 0.2862
Apparel 919 0.87 23.14% 14.80% 0.74 8.79% 0.81 0.3654
Auto & Truck 78 1.28 45.12% 13.07% 0.95 20.36% 1.20 0.3418
Auto Parts 527 1.42 21.56% 15.26% 1.22 10.69% 1.36 0.3369
Bank (Money Center) 459 0.80 197.33% 20.87% 0.32 23.64% 0.42 0.2222
Banks (Regional) 91 0.80 499.56% 16.12% 0.17 11.20% 0.19 0.2431
Beverage (Alcoholic) 123 1.00 2.08% 18.21% 0.99 5.41% 1.04 0.2572
Beverage (Soft) 40 0.51 4.92% 15.83% 0.50 4.92% 0.52 0.2951
Broadcasting 60 1.11 25.64% 14.61% 0.93 11.40% 1.05 0.3577
Brokerage & Investment Banking 434 0.99 234.01% 13.78% 0.36 11.14% 0.40 0.3813
Building Materials 250 1.15 23.71% 16.53% 0.97 8.16% 1.06 0.3405
Business & Consumer Services 313 0.97 12.49% 11.71% 0.89 11.66% 1.00 0.3896
Cable TV 33 1.11 36.98% 9.31% 0.87 14.84% 1.02 0.3466
Chemical (Basic) 691 1.14 33.98% 15.62% 0.91 10.19% 1.01 0.3324
Chemical (Diversified) 34 1.16 27.06% 19.58% 0.96 8.54% 1.05 0.2760
Chemical (Specialty) 625 1.06 17.53% 16.43% 0.94 8.57% 1.03 0.3396
Coal & Related Energy 93 0.86 26.08% 16.74% 0.72 26.37% 0.98 0.4088
Computer Services 548 1.05 9.85% 13.56% 0.98 5.34% 1.03 0.3705
Computers/Peripherals 220 1.28 19.21% 14.73% 1.12 16.40% 1.34 0.3395
Construction Supplies 546 1.09 45.55% 14.33% 0.81 14.50% 0.95 0.3207
Diversified 204 0.89 110.18% 13.53% 0.49 9.53% 0.54 0.2809
Drugs (Biotechnology) 304 1.44 4.10% 6.45% 1.39 8.23% 1.52 0.4232
Drugs (Pharmaceutical) 701 0.94 12.66% 14.94% 0.86 8.62% 0.94 0.3396
Education 151 0.88 34.54% 11.18% 0.70 10.83% 0.79 0.4020
Electrical Equipment 694 1.00 14.90% 12.20% 0.90 9.90% 1.00 0.3562
Electronics (Consumer & Office) 81 1.29 88.40% 14.35% 0.77 20.49% 0.97 0.3493
Electronics (General) 976 1.31 23.08% 11.91% 1.11 15.18% 1.31 0.3436
Engineering/Construction 876 1.10 154.85% 13.28% 0.51 24.21% 0.67 0.3800
Entertainment 329 1.28 17.39% 8.99% 1.13 11.13% 1.27 0.4206
Environmental & Waste Services 183 1.09 69.68% 13.87% 0.71 9.69% 0.79 0.3575
Farming/Agriculture 296 0.82 56.35% 12.80% 0.58 8.68% 0.63 0.3619
Financial Svcs. (Non-bank & Insurance) 609 0.83 162.84% 16.15% 0.37 8.76% 0.41 0.3643
Food Processing 946 0.85 33.14% 15.56% 0.68 8.48% 0.74 0.3231
Food Wholesalers 98 0.64 53.23% 13.35% 0.46 10.13% 0.51 0.3681
Furn/Home Furnishings 254 1.08 18.39% 14.20% 0.94 19.13% 1.17 0.3318
Green & Renewable Energy 131 1.00 58.16% 9.85% 0.70 3.84% 0.73 0.3219
 Effective Tax
Industry Name Number of firms Beta D/E Ratio rate Unlevered beta Cash/Firm value Unlevered beta corrected for cash HiLo Risk
Healthcare Products 340 1.13 3.99% 10.12% 1.09 9.94% 1.22 0.3829
Healthcare Support Services 195 0.95 37.42% 16.02% 0.74 14.24% 0.86 0.3702
Heathcare Information and Technology 117 1.48 3.90% 8.82% 1.44 5.08% 1.52 0.4129
Homebuilding 42 1.05 97.20% 13.08% 0.60 8.95% 0.66 0.3757
Hospitals/Healthcare Facilities 139 0.66 14.84% 17.41% 0.59 3.67% 0.61 0.2970
Hotel/Gaming 412 0.83 51.41% 8.08% 0.60 8.85% 0.65 0.3289
Household Products 300 1.03 7.14% 13.17% 0.98 6.55% 1.04 0.3530
Information Services 90 1.54 12.30% 18.36% 1.41 11.90% 1.60 0.3920
Insurance (General) 137 0.54 42.69% 14.75% 0.40 21.62% 0.52 0.2542
Insurance (Life) 85 0.86 70.01% 13.60% 0.56 13.79% 0.65 0.2804
Insurance (Prop/Cas.) 152 0.69 27.38% 16.71% 0.57 8.88% 0.62 0.2943
Investments & Asset Management 483 0.81 256.84% 7.87% 0.28 2.28% 0.28 0.2790
Machinery 865 1.05 13.11% 13.66% 0.96 9.64% 1.06 0.3428
Metals & Mining 326 1.31 33.93% 14.14% 1.04 11.74% 1.18 0.3715
Office Equipment & Services 73 0.97 12.90% 14.75% 0.88 11.41% 0.99 0.3732
Oil/Gas (Integrated) 15 0.97 14.64% 22.58% 0.87 5.81% 0.92 0.2613
Oil/Gas (Production and Exploration) 107 1.42 40.11% 14.46% 1.09 15.92% 1.29 0.3751
Oil/Gas Distribution 105 0.98 68.09% 13.12% 0.65 11.01% 0.73 0.3345
Oilfield Svcs/Equip. 229 1.02 54.09% 14.71% 0.72 7.36% 0.78 0.3405
Packaging & Container 305 0.83 31.07% 15.11% 0.67 8.74% 0.74 0.3390
Paper/Forest Products 188 1.00 83.68% 14.36% 0.61 9.79% 0.68 0.3421
Power 317 0.75 104.82% 14.44% 0.42 6.34% 0.44 0.2768
Precious Metals 71 1.41 26.59% 12.58% 1.17 9.45% 1.29 0.4182
Publishing & Newspapers 171 0.93 10.12% 11.77% 0.87 21.84% 1.11 0.3482
R.E.I.T. 261 0.60 68.41% 3.34% 0.40 2.50% 0.41 0.1837
Real Estate (Development) 757 1.03 208.57% 16.29% 0.40 19.85% 0.50 0.3603
Real Estate (General/Diversified) 220 0.95 105.07% 13.90% 0.53 11.01% 0.60 0.3050
Real Estate (Operations & Services) 352 0.92 64.53% 14.25% 0.62 8.80% 0.68 0.3435
Recreation 139 1.05 53.60% 11.79% 0.75 15.14% 0.88 0.3557
Reinsurance 29 1.18 60.63% 10.02% 0.81 22.68% 1.05 0.2875
Restaurant/Dining 141 1.03 19.78% 11.10% 0.90 6.25% 0.96 0.3634
Retail (Automotive) 103 0.86 63.70% 18.57% 0.58 9.54% 0.64 0.3204
Retail (Building Supply) 36 0.85 27.48% 15.20% 0.70 3.67% 0.73 0.3247
Retail (Distributors) 642 0.75 94.41% 14.40% 0.44 15.00% 0.51 0.3954
Retail (General) 122 0.89 68.72% 16.46% 0.59 8.45% 0.64 0.2964
Retail (Grocery and Food) 75 0.76 42.60% 16.23% 0.57 7.53% 0.62 0.3090
Retail (Online) 98 1.88 12.51% 10.37% 1.71 7.70% 1.86 0.4902
Retail (Special Lines) 197 1.03 27.52% 15.72% 0.86 8.16% 0.93 0.3345
Rubber& Tires 71 1.18 45.28% 15.27% 0.88 9.57% 0.97 0.2987
Semiconductor 485 1.70 10.72% 10.76% 1.57 11.39% 1.77 0.3728
Semiconductor Equip 253 1.95 8.18% 13.94% 1.83 9.13% 2.02 0.3635
Shipbuilding & Marine 236 1.13 51.35% 12.54% 0.81 30.82% 1.18 0.3345
Shoe 58 0.95 22.37% 15.36% 0.81 8.92% 0.89 0.3343
Software (Entertainment) 57 1.86 12.01% 10.08% 1.71 5.76% 1.81 0.4716
Software (Internet) 42 1.14 22.06% 9.83% 0.98 9.20% 1.08 0.4044
Software (System & Application) 492 1.38 3.88% 8.88% 1.34 8.90% 1.47 0.4288
Steel 519 1.30 50.37% 15.62% 0.94 11.93% 1.07 0.3626
 Effective Tax
Industry Name Number of firms Beta D/E Ratio rate Unlevered beta Cash/Firm value Unlevered beta corrected for cash HiLo Risk
Telecom (Wireless) 59 0.81 42.42% 19.61% 0.61 8.30% 0.67 0.2456
Telecom. Equipment 293 1.25 16.52% 9.26% 1.11 13.36% 1.28 0.3517
Telecom. Services 138 0.75 37.44% 14.50% 0.58 7.80% 0.63 0.2964
Tobacco 31 0.57 1.06% 23.35% 0.56 5.68% 0.60 0.2507
Transportation 220 1.04 63.59% 16.14% 0.70 11.02% 0.79 0.3417
Transportation (Railroads) 17 1.04 28.64% 20.30% 0.86 10.30% 0.96 0.2253
Trucking 110 1.06 71.52% 14.04% 0.69 8.36% 0.75 0.3521
Utility (General) 13 0.68 37.41% 8.34% 0.53 5.17% 0.56 0.2020
Utility (Water) 71 0.67 110.01% 13.43% 0.37 10.10% 0.41 0.2587
Total Market 24853 1.05 64.59% 13.63% 0.71 13.31% 0.81 0.3462
Total Market (without financials) 22403 1.08 38.31% 13.50% 0.83 10.87% 0.94 0.3506
 Average Beta over time
Average
Standard deviation of equity Standard deviation in operating income (last 10 years) 2019 2020 2021 2022 (2019-23)
40.02% 23.63% 1.39 1.46 1.30 1.30 1.35
31.39% 25.75% 1.14 1.10 1.24 1.23 1.17
28.65% 198.25% 0.57 0.59 0.92 0.91 0.76
36.06% 24.29% 0.72 0.64 0.85 0.85 0.77
29.07% 16.21% 1.28 1.13 1.27 1.26 1.23
32.58% 9.71% 1.16 1.11 1.51 1.50 1.33
20.86% 41.92% 0.42 0.43 0.56 0.56 0.48
27.19% NA 0.35 0.26 0.23 0.22 0.25
28.32% 25.19% 1.05 1.06 1.10 1.10 1.07
26.67% 45.82% 0.53 0.36 0.70 0.70 0.56
36.02% 22.41% 0.78 0.70 1.06 1.06 0.93
36.68% 83.47% 0.51 0.54 0.42 0.41 0.46
33.88% 36.48% 0.82 0.79 1.11 1.11 0.98
37.65% 23.92% 1.18 0.94 0.89 0.89 0.98
28.91% 36.96% 1.06 1.21 1.05 1.04 1.07
32.42% 45.67% 0.96 0.92 1.03 1.03 0.99
28.39% 22.99% 0.86 0.73 1.28 1.27 1.04
32.87% 47.30% 1.03 0.93 1.08 1.08 1.03
41.32% 47.82% 1.13 1.39 1.06 1.05 1.12
36.00% 25.92% 1.06 1.04 1.05 1.05 1.05
30.76% 31.89% 1.53 1.40 1.45 1.45 1.43
29.82% 35.87% 0.96 0.97 1.04 1.03 0.99
25.67% 24.36% 0.47 0.41 0.56 0.55 0.51
39.04% 80.46% 1.45 1.50 1.50 1.50 1.49
31.33% 19.74% 1.14 1.13 1.07 1.07 1.07
35.54% 37.11% 1.32 1.14 1.01 1.01 1.05
34.21% 34.35% 1.06 1.08 1.00 1.00 1.03
31.85% 47.25% 1.15 1.31 1.11 1.11 1.13
31.30% 43.21% 1.49 1.47 1.36 1.36 1.40
35.80% 32.65% 0.89 0.72 0.76 0.75 0.76
40.86% 33.33% 1.40 1.26 1.19 1.19 1.26
34.85% 49.25% 1.06 1.10 0.70 0.70 0.87
32.44% 21.94% 0.63 0.64 0.79 0.78 0.70
35.37% 39.16% 0.42 0.34 0.45 0.45 0.41
29.91% 29.89% 0.73 0.69 0.85 0.84 0.77
35.62% 28.61% 0.67 0.61 0.61 0.60 0.60
29.67% 38.62% 1.11 1.07 1.21 1.20 1.15
32.73% 35.22% 0.68 0.59 0.70 0.69 0.68
 Average
Standard deviation of equity Standard deviation in operating income (last 10 years) 2019 2020 2021 2022 (2019-23)
37.22% 112.11% 1.34 1.42 1.25 1.25 1.30
31.66% 44.05% 1.04 0.90 0.86 0.86 0.90
37.65% 110.09% 1.80 1.65 1.51 1.51 1.60
37.82% 89.44% 0.76 0.57 1.52 1.51 1.00
27.34% 28.97% 0.78 0.58 0.81 0.81 0.72
33.02% 96.11% 0.82 0.67 0.77 0.76 0.74
31.12% 21.03% 0.98 1.04 1.12 1.12 1.06
36.07% 18.45% 1.19 1.10 1.41 1.41 1.34
23.54% 21.89% 0.47 0.47 0.70 0.70 0.57
24.02% 40.21% 0.72 0.73 0.77 0.76 0.73
27.15% 13.92% 0.44 0.43 0.81 0.81 0.62
31.47% 59.18% 0.21 0.17 0.37 0.36 0.28
33.41% 38.47% 1.14 1.15 1.08 1.08 1.10
38.23% 58.71% 1.10 0.98 1.19 1.18 1.13
35.59% 25.20% 0.80 0.84 1.09 1.08 0.96
24.15% 64.99% 0.96 1.11 1.04 1.03 1.01
39.20% 48.04% 1.32 1.14 1.50 1.49 1.35
30.27% 20.49% 0.86 0.89 0.83 0.82 0.83
33.06% 48.71% 1.10 0.98 1.05 1.04 0.99
31.50% 22.14% 0.67 0.65 0.90 0.90 0.77
31.21% 42.28% 0.69 0.64 0.86 0.86 0.74
27.20% 15.58% 0.52 0.52 0.55 0.55 0.52
47.70% 79.95% 1.21 0.97 1.27 1.26 1.20
34.38% 10.42% 1.14 1.12 0.93 0.92 1.04
15.00% 24.92% 0.33 0.31 0.68 0.67 0.48
32.87% 38.94% 0.69 0.65 0.52 0.51 0.57
28.03% 16.71% 0.79 0.74 0.65 0.64 0.68
31.27% 13.43% 0.63 0.59 0.76 0.75 0.68
32.33% 28.44% 0.82 0.92 0.88 0.87 0.87
30.17% 38.44% 0.96 0.96 1.52 1.51 1.20
35.41% 42.81% 1.01 0.88 0.98 0.98 0.96
30.95% 31.53% 0.72 0.72 0.77 0.77 0.72
28.41% 17.55% 1.14 1.26 1.19 1.18 1.10
36.71% 40.40% 0.62 0.60 0.51 0.50 0.55
27.99% 9.73% 0.90 0.91 0.79 0.78 0.80
28.59% 12.77% 0.73 0.65 0.60 0.59 0.64
43.95% NA 1.46 1.49 1.73 1.73 1.65
31.75% 17.81% 1.00 0.83 1.04 1.04 0.97
28.42% 17.81% 0.70 0.70 1.12 1.11 0.92
35.87% 58.26% 1.73 1.58 1.66 1.66 1.68
32.07% 71.42% 1.66 1.82 2.08 2.08 1.93
34.75% 135.67% 0.69 0.67 1.07 1.06 0.93
36.07% 24.34% 0.91 0.77 1.09 1.08 0.95
42.24% 56.34% 1.78 1.38 1.42 1.42 1.56
38.78% 56.62% 0.85 1.18 1.09 1.08 1.06
39.67% 26.23% 1.46 1.59 1.48 1.47 1.50
35.86% 66.63% 0.89 0.77 1.10 1.09 0.98
 Average
Standard deviation of equity Standard deviation in operating income (last 10 years) 2019 2020 2021 2022 (2019-23)
23.93% 17.43% 0.76 0.66 0.89 0.89 0.77
33.43% 33.96% 1.45 1.47 1.24 1.24 1.34
29.59% 6.63% 0.81 0.64 0.79 0.79 0.73
24.46% 28.86% 0.83 0.77 0.84 0.84 0.78
31.92% 19.89% 0.87 0.87 0.86 0.86 0.85
23.39% 25.69% 1.30 1.14 0.88 0.88 1.03
33.47% 73.60% 0.72 0.65 0.85 0.84 0.76
19.89% 14.32% 0.41 0.44 0.52 0.51 0.49
32.92% 22.91% 0.82 0.81 0.48 0.48 0.60
32.92% 28.98% 0.84 0.82 0.90 0.89 0.85
33.22% 29.04% 0.93 0.91 1.00 1.00 0.96