Valoración de la empresa Ubicca Constructora S.A.S, través del método de flujo de caja libre descontado 2014 – 2018

Abstract

This work is the valuation process of the company Ubicca Constructora S.A.S. In this valuation process, I did a brief analysis of different methods studied by writer Pablo Fernandez, and I made the decision to apply the method of “free cash flow” for the company in 2014-2018 period. “Free cash flow” is a method that allows the definition of an approximated value of a company according to its future flows, it could be applied to single projects, or to the whole company, by using a proper discount rate. The main objective is to find the real value of the company due to needs of partners to have a deeper knowledge about the company they manage. To make the valuation of Ubicca Constructora S.A.S, I took the 2011, 2012 and 2013 financial statements and made a deep analysis of each report and projected the years 2014 – 2018. Also, I used the macro-economics predictions as follows: libor and inflation (Banco de la Republica de Colombia), gross domestic product (PIB, in Colombia), devaluation and fixed-term deposit (DTF, in Colombia), Bancolombia’s economics researchs and strategies. All of the predictions and reports were focused on performing a real analysis according to the company’s short age.