Beruflich Dokumente
Kultur Dokumente
Income Statement
Period Ending
Total Revenue
Cost of Revenue
Gross Profit
Operating Expenses
Research Development
Selling General and Administrative
Non Recurring
Others
Total Operating Expenses
Operating Income or Loss
Income from Continuing Operations
Total Other Income/Expenses Net
Earnings Before Interest And Taxes
Interest Expense
Income Before Tax
Income Tax Expense
Minority Interest
Net Income From Continuing Ops
Non-recurring Events
Discontinued Operations
Extraordinary Items
Effect Of Accounting Changes
Other Items
Net Income
Preferred Stock And Other Adjustments
Net Income Applicable To Common Shares
31-Dec-10
31-Dec-11
16,085,000.00 17,294,000.00
8,398,000.00 9,078,000.00
7,687,000.00 8,216,000.00
-
6,488,000.00
1,199,000.00
1,237,000.00
34,000.00
1,233,000.00
152,000.00
1,081,000.00
319,000.00
40,000.00
1,277,000.00
149,000.00
1,128,000.00
339,000.00
762,000.00
Balance Sheet
789,000.00
-
762,000.00
-
789,000.00
-
762,000.00
Crecimiento porcentual
Tax Rate
6,979,000.00
789,000.00
1.08
0.30
0.30
Period Ending
Assets
Current Assets
Cash And Cash Equivalents
Short Term Investments
Net Receivables
Inventory
Other Current Assets
Total Current Assets
Long Term Investments
Property Plant and Equipment
Goodwill
Intangible Assets
Accumulated Amortization
Other Assets
Deferred Long Term Asset Charges
Total Assets
Liabilities
Current Liabilities
Accounts Payable
Short/Current Long Term Debt
Other Current Liabilities
Total Current Liabilities
Long Term Debt
Other Liabilities
Deferred Long Term Liability Charges
Negative Goodwill
Total Liabilities
Stockholders' Equity
Misc Stocks Options Warrants
Redeemable Preferred Stock
Preferred Stock
Common Stock
Retained Earnings
Treasury Stock
Capital Surplus
Other Stockholder Equity
Total Stockholder Equity
Net Tangible Assets
31-Dec-10
31-Dec-11
1,551,000.00
1,176,000.00
2,332,000.00
2,843,000.00
1,163,000.00
7,888,000.00
2,171,000.00
3,248,000.00
1,620,000.00
8,215,000.00
180,000.00
1,250,000.00
2,016,000.00
2,159,000.00
1,147,000.00
2,065,000.00
2,131,000.00
-
331,000.00
139,000.00
682,000.00
628,000.00
14,245,000.00 14,587,000.00
3,758,000.00
366,000.00
1,119,000.00
5,243,000.00
1,794,000.00
400,000.00
605,000.00
-
4,064,000.00
375,000.00
1,192,000.00
5,631,000.00
1,286,000.00
454,000.00
558,000.00
-
8,043,000.00
-
7,930,000.00
-
280,000.00
5,157,000.00
-
271,000.00
5,370,000.00
-
755,000.00
6,193,000.00
1,997,000.00
1,027,000.00
6,669,000.00
2,494,000.00
Cash Flow
Period Ending
31-Dec-10
31-Dec-11
762,000.00
789,000.00
362,000.00
91,000.00
-134,000.00
551,000.00
-753,000.00
1,000.00
328,000.00
74,000.00
-53,000.00
29,000.00
-458,000.00
1,000.00
1,199,000.00
1,048,000.00
-305,000.00
90,000.00
-228,000.00
-413,000.00
223,000.00
-98,000.00
-443,000.00
-735,000.00
-98,000.00
0.00
-266,000.00
-221,000.00
0.00
-428,000.00
-319,000.00
74,000.00
-649,000.00
19,000.00
511,000.00
-317,000.00
Net Income
Operating Activities, Cash Flows Provided By or Used In
Depreciation
Adjustments To Net Income
Changes In Accounts Receivables
Changes In Liabilities
Changes In Inventories
Changes In Other Operating Activities
Total Cash Flow From Operating Activities
31-Dec-12
19,622,000.00
10,257,000.00
9,365,000.00
31-Dec-13
21,191,760.00
11,019,715.20
10,172,044.80
31-Dec-14
22,887,100.80
11,901,292.42
10,985,808.38
31-Dec-15
24,718,068.86
12,853,395.81
11,864,673.05
31-Dec-16
26,695,514.37
13,881,667.47
12,813,846.90
7,802,000.00
349,000.00
8,270,120.00
8,766,327.20
9,292,306.83
9,849,845.24
1,213,000.00
1,901,924.80
2,219,481.18
2,572,366.22
2,964,001.66
47,000.00
1,260,000.00
138,000.00
1,122,000.00
431,000.00
51,700.00
1,953,624.80
146,000.00
1,807,624.80
694,127.92
56,870.00
2,276,351.18
146,000.00
2,130,351.18
818,054.85
62,557.00
2,634,923.22
146,000.00
2,488,923.22
955,746.52
68,812.70
3,032,814.36
146,000.00
2,886,814.36
1,108,536.71
691,000.00
1,113,496.88
1,312,296.33
1,533,176.71
1,778,277.64
691,000.00
1,113,496.88
1,312,296.33
1,533,176.71
1,778,277.64
691,000.00
1,113,496.88
1,312,296.33
1,533,176.71
1,778,277.64
1.13
0.38
31-Dec-12
31-Dec-13
31-Dec-14
31-Dec-15
31-Dec-16
2,202,000.00
2,378,160.00
2,568,412.80
2,773,885.82
2,995,796.69
2,326,000.00
3,278,000.00
1,262,000.00
9,067,000.00
175,000.00
1,444,000.00
1,689,000.00
2,177,000.00
2,828,160.00
3,602,599.20
1,348,333.33
10,157,252.53
256,104.28
1,617,280.00
1,604,550.00
2,198,770.00
3,018,412.80
3,890,807.14
1,348,333.33
10,825,966.07
301,828.16
1,811,353.60
1,524,322.50
2,220,757.70
3,223,885.82
4,202,071.71
1,348,333.33
11,548,176.69
352,630.64
2,028,716.03
1,448,106.38
2,242,965.28
3,445,796.69
4,538,237.44
1,348,333.33
12,328,164.16
409,003.86
2,272,161.96
1,375,701.06
2,265,394.93
113,000.00
696,000.00
15,361,000.00
91,857.70
668,666.67
16,594,481.18
74,671.12
668,666.67
17,427,565.82
60,700.16
668,666.67
18,349,961.84
49,343.16
668,666.67
19,368,435.78
4,152,000.00
369,000.00
1,246,000.00
5,767,000.00
1,591,000.00
542,000.00
485,000.00
4,897,651.20
377,118.00
1,310,792.00
6,585,561.20
1,972,840.00
617,880.00
431,650.00
5,289,463.30
385,414.60
1,378,953.18
7,053,831.08
2,446,321.60
704,383.20
384,168.50
5,712,620.36
393,893.72
1,450,658.75
7,557,172.83
3,033,438.78
802,996.85
341,909.97
6,169,629.99
402,559.38
1,526,093.00
8,098,282.37
3,761,464.09
915,416.41
304,299.87
8,385,000.00
9,607,931.20
10,588,704.38
11,735,518.42
13,079,462.74
276,000.00
5,872,000.00
275,666.67
6,622,425.00
275,666.67
7,152,219.00
275,666.67
7,724,396.52
275,666.67
8,342,348.24
845,000.00
6,993,000.00
3,127,000.00
875,666.67
7,773,758.33
875,666.67
8,303,552.33
875,666.67
8,875,729.85
875,666.67
9,493,681.57
6,993,000.00
31-Dec-12
31-Dec-13
31-Dec-14
31-Dec-15
31-Dec-16
691,000.00
1,113,496.88
1,312,296.33
1,533,176.71
1,778,277.64
707,000.00
56,000.00
-178,000.00
496,000.00
30,000.00
1,000.00
465,666.67
43,680.00
-231,400.00
446,400.00
-274,800.00
1,000.00
500,222.22
34,070.40
-300,820.00
401,760.00
18,000.00
1,000.00
557,629.63
26,574.91
-391,066.00
361,584.00
-164,880.00
1,000.00
507,839.51
20,728.43
-508,385.80
325,425.60
10,800.00
1,000.00
1,242,000.00
1,564,043.54
1,966,528.95
1,924,019.25
2,135,685.38
-496,000.00
335,000.00
-125,000.00
-556,748.44
368,500.00
-137,500.00
-656,148.16
405,350.00
-151,250.00
-766,588.35
445,885.00
-166,375.00
-889,138.82
490,473.50
-183,012.50
-286,000.00
-325,748.44
-402,048.16
-487,078.35
-581,677.82
-280,000.00
-11,000.00
345,000.00
-364,000.00
-11,000.00
310,500.00
-473,200.00
-11,000.00
279,450.00
-615,160.00
-11,000.00
251,505.00
-799,708.00
-11,000.00
226,354.50
55,000.00
-4,000.00
-64,500.00
-27,500.00
-713,900.00
-7,060.00
-785,290.00
-80,235.00
-863,819.00
-45,026.00
1,007,000.00
1,146,295.11
843,520.79
571,415.89
645,162.56
31-Dec-17
28,831,155.52
14,992,200.87
13,838,954.65
31-Dec-18
31,137,647.96
16,191,576.94
14,946,071.02
31-Dec-19
33,628,659.80
17,486,903.10
16,141,756.70
31-Dec-20
36,318,952.59
18,885,855.34
17,433,097.24
10,440,835.96
11,067,286.11
11,731,323.28
12,435,202.68
3,398,118.69
3,878,784.91
4,410,433.42
4,997,894.56
75,693.97
3,473,812.66
146,000.00
3,327,812.66
1,277,880.06
83,263.37
3,962,048.28
146,000.00
3,816,048.28
1,465,362.54
91,589.70
4,502,023.13
146,000.00
4,356,023.13
1,672,712.88
100,748.67
5,098,643.24
146,000.00
4,952,643.24
1,901,815.00
2,049,932.60
2,350,685.74
2,683,310.25
3,050,828.23
2,049,932.60
2,350,685.74
2,683,310.25
3,050,828.23
2,049,932.60
2,350,685.74
2,683,310.25
3,050,828.23
31-Dec-17
31-Dec-18
31-Dec-19
31-Dec-20
3,235,460.43
3,494,297.26
3,773,841.04
4,075,748.32
3,685,460.43
4,901,296.44
1,348,333.33
13,170,550.62
471,484.50
2,544,821.39
1,306,916.00
2,288,048.88
3,944,297.26
5,293,400.15
1,348,333.33
14,080,328.01
540,657.72
2,850,199.96
1,241,570.20
2,310,929.37
4,223,841.04
5,716,872.17
1,348,333.33
15,062,887.58
617,161.36
3,192,223.95
1,179,491.69
2,334,038.66
4,525,748.32
6,174,221.94
1,348,333.33
16,124,051.92
701,690.49
3,575,290.83
1,120,517.11
2,357,379.05
40,111.05
668,666.67
20,490,599.11
32,606.27
668,666.67
21,724,958.20
26,505.64
668,666.67
23,080,975.55
21,546.44
668,666.67
24,569,142.50
6,663,200.39
411,415.69
1,605,449.84
8,680,065.91
4,664,215.47
1,043,574.70
270,826.88
7,196,256.42
420,466.83
1,688,933.23
9,305,656.48
5,783,627.19
1,189,675.16
241,035.93
7,771,956.93
429,717.10
1,776,757.76
9,978,431.79
7,171,697.71
1,356,229.68
214,521.97
8,393,713.49
439,170.88
1,869,149.16
10,702,033.53
8,892,905.16
1,546,101.84
190,924.56
14,658,682.97
16,519,994.76
18,720,881.17
21,331,965.09
275,666.67
9,009,736.10
275,666.67
9,730,514.99
275,666.67
10,508,956.19
275,666.67
11,349,672.68
875,666.67
10,161,069.43
875,666.67
10,881,848.32
875,666.67
11,660,289.52
875,666.67
12,501,006.02
31-Dec-17
31-Dec-18
31-Dec-19
31-Dec-20
2,049,932.60
2,350,685.74
2,683,310.25
3,050,828.23
521,897.12
16,168.18
-660,901.54
292,883.04
-98,928.00
1,000.00
529,122.09
12,611.18
-859,172.00
263,594.74
6,480.00
1,000.00
519,619.57
9,836.72
-1,116,923.60
237,235.26
-59,356.80
1,000.00
523,546.26
7,672.64
-1,452,000.68
213,511.74
3,888.00
1,000.00
2,122,051.40
2,304,321.73
2,274,721.40
2,348,446.19
-1,024,966.30
539,520.85
-201,313.75
-1,175,342.87
593,472.94
-221,445.13
-1,341,655.12
652,820.23
-243,589.64
-1,525,414.12
718,102.25
-267,948.60
-686,759.20
-803,315.06
-932,424.53
-1,075,260.47
-1,039,620.40
-11,000.00
203,719.05
-1,351,506.52
-11,000.00
183,347.15
-1,756,958.48
-11,000.00
165,012.43
-2,284,046.02
-11,000.00
148,511.19
-950,200.90
10,200.00
-1,045,220.99
-1,149,743.09
-1,264,717.40
495,291.30
Utilidad Neta
Depreciation (+)
Interest Expense (+)
CapEx (-)
WK
WC (-)
FCFF
Terminal Value
PV (FCFF)
Total PV
Shares
Precio accin
31-Dec-13
31-Dec-14
31-Dec-15
31-Dec-16
1,113,496.88 1,312,296.33 1,533,176.71 1,778,277.64
465,666.67 500,222.22 557,629.63 507,839.51
146,000.00 146,000.00 146,000.00 146,000.00
556,748.44 656,148.16 766,588.35 889,138.82
3,571,691.33 3,772,134.99 3,991,003.86 4,229,881.78
716,000.00 271,691.33 200,443.66 218,868.87
452,415.11 1,030,679.06 1,269,774.33 1,324,109.46
416,972.45
7,138,484.04
209,216,186
34.07
875,515.78
994,116.61
955,443.33
31-Dec-17
2,049,932.60
521,897.12
146,000.00
1,024,966.30
4,490,484.71
238,877.92
1,453,985.50
966,966.40
31-Dec-18
2,350,685.74
529,122.09
146,000.00
1,175,342.87
4,774,671.52
260,602.92
1,589,862.03
974,498.13
31-Dec-19
2,683,310.25
519,619.57
146,000.00
1,341,655.12
5,084,455.79
284,186.82
1,723,087.88
31-Dec-20
3,050,828.23
523,546.26
146,000.00
1,525,414.12
5,422,018.39
309,784.26
1,885,176.11
668,798,344.41
973,417.75
981,553.60
Last Year
Nike
Columbia
Under Armour
Median
The Value
Sales (2020)
EBIT (2020)
EBITDA (2020)
Equity
Financial Debt Cash
2012 10,381,000.00 1,202,000.00 2,317,000.00
2012 1,166,167.00
40,616.00 290,781.00
2012
816,922.00
87,933.00 341,841.00
Equity (2013) 1
Equity (2013) 2
Equity (2013) 3
745,867.53 Ponderacin 1
1,615,180.20 Ponderacin 2
5,497,574.71 Ponderacin 3
Equity 2013
Shares
Precio por accin
7,858,622.44
209,216,186
37.51
0.1
0.2
0.7
EV
Sales
EBIT
EBITDA
EV/Sales
EV/EBIT
EV/EBITDA
9,266,000.00 23,331,000.00 3,025,000.00 3,430,000.00
0.40
3.06
2.70
916,002.00 1,669,563.00 133,907.00 174,799.00
0.55
6.84
5.24
563,014.00 1,834,921.00 208,622.00 251,704.00
0.31
2.70
2.24
0.40
3.06
2.70
Rf US
(Rm-Rf) US
Beta
Equity
Debt
V = E+D
E/V
D/V
Ce
Cd
Tax
WACC
3.77%
5.79%
0.53
7,071,960,297.77
1,710,000,000.00
8,781,960,297.77
80.53%
19.47%
9.88%
2.63%
32%
8.30%