Bibliographic citations
Daza, S., Espinoza, I. (2021). Creación de valor y su relación con la sostenibilidad financiera de la empresa Corporación de Aceros Arequipa S.A. en los años 2014 al 2018 [Universidad Tecnológica del Perú]. https://hdl.handle.net/20.500.12867/4745
Daza, S., Espinoza, I. Creación de valor y su relación con la sostenibilidad financiera de la empresa Corporación de Aceros Arequipa S.A. en los años 2014 al 2018 []. PE: Universidad Tecnológica del Perú; 2021. https://hdl.handle.net/20.500.12867/4745
@misc{renati/809861,
title = "Creación de valor y su relación con la sostenibilidad financiera de la empresa Corporación de Aceros Arequipa S.A. en los años 2014 al 2018",
author = "Espinoza Tolentino, Ivett Arascelli",
publisher = "Universidad Tecnológica del Perú",
year = "2021"
}
In this work, Corporación Aceros Arequipa S.A. (CAASA)'s valuation and financial-economic analysis was carried out for the period that comprises the fiscal years from 2014 to 2018; to determine the relationship that value creation presents in the development of financial sustainability.It is observed that in 2018, the Company presented an increase in its income (in the amount of S / 2,789 MM), equivalent to 18% compared to the previous year, and a 32% increase in Gross Profit equal to S / 109 MM stands out. In said period, the followingcompanies were added: "Comercial del Acero S.A." and "Tecnología y Soluciones Constructivas S.A.C."; whose investments generated development and optimization of its production processes located at the Pisco plant; as well as the acquisition of the plant in Lurín. This set of events reveals that beyond the improvement figures, the Company maintains levels of investment and constant growth in search of value creation and sustainable development, safeguarding stakeholders' interests. The determination of the creation of value was carried out using the Discounted Cash Flow (DCF) method; For various authors, it is the most used and appropriate method in the Peruvian market. According to Bloomberg, CAASA at the end of 2018 presents S / 751.3 MM of market capitalization and S / 0.92 in common shares and S / 0.70 investment. Now, in the present research work, the valuation of the next 5 years (2019 -2023) was carried out by applying the WACC for said flows as a discount rate of 9.96%, whose calculation resulted in:equity value of S / 924 MM, value per common share S / 1.10 and investment S / 0.85. So that; It is concluded that the company creates value and is financially sustainable.
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