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Palabra clave:

Descripción: “...This article focuses in the design of a pricing model that, applying bootstrapping and cubic splines interpolation techniques, estimates the interest rates structure allowing Colombian real sector companies to obtain indicative IRS and CCS mark to market valuations. ...”

Descripción: “...Then analyzes the historical financial structure of the company and presents the valuation model, primarily through the projection results, finally ¡t ¡s identified the impact of the structure on the value of the company and with different scenarios we demonstrate the hypothesis.To achieve this, we ¡dentified the value drivers and analyzed operating investing and financing flows, which helped us to define the assumptions of the model, adjust and set the initial valuation scenario, then calculated the cost of debt based on coverage indicators, which allowed to calculated credit risk rating ¡in order to assign debt rates. ...”

Descripción: “...This valuation exercise is made of three stages: sector and company analysis, subsequently, a survey of key macroeconomic variables and their projections was conducted and an analysis of the macroeconomic risk to which the company is exposed was carried out; valuation of Cementos Argos performed with a model created by Bancolombia investment bank to valuate firms in Colombia and with Crystal Ball used to reach a range of more real values through statistic simulations; comparison of multiples of Cementos Argos in an international context, comparing it to similar cement companies (Cemex, Holcim and Lafarge) around the world. ...”

Descripción: “...To achieve this goal, we use a business valuation model and develop a model to qualify the credit risk that provide the basis to determine the optimum capital structure for different scenarios and the dispersion of the selected companies compared with it. ...”