Análisis financiero de empresas no cotizadas controladas por la Superintendencia de Compañías, Valores y Seguros del Ecuador del subsector G4663.21

Abstract

Abstract: This research work seeks to analyze the financial and economic magnitudes of the companies in the G4663.21 subsector through the application of financial analysis tools and guidance in business decision-making, during the period 2007 - 2017. For its development projections were made to the financial statements under the percentage of sales method. Furthermore, the financial optimization model was used on the profitability indicators of the four companies that represent the sample of this study, so that the appropriate scenario is presented for the companies to be potential clients of the issuance of securities. The results obtained showed that two entities are optimal to become potential clients of the Ecuadorian stock market, since their financial indicators show the capacity and solvency they have to issue financial assets. Likewise, it was determined that these companies have better returns and management of their resources compared to the listed company.