Jon Electrical distribucion

Análisis Financiero                                                                        

                2004          2005          2006          2007          2008          2009          2010          2011  

Rentabilidad                                                                        

Margen Bruto                19,7%        19,9%        18,9%        18,9%        18,9%        18,9%        18,9%        18,9%

Margen Operativo                3,0%        3,9%        3,4%        3,9%        3,9%        3,9%        3,9%        3,9%

Margen Neto                0,9%        1,5%        1,3%        1,6%        1,7%        1,8%        1,9%        1,9%

ROA                2,4%        4,4%        3,8%        5,2%        5,6%        5,9%        6,2%        6,5%

ROE                7,6%        13,6%        12,3%        15,2%        14,4%        13,7%        13,1%        12,5%

Análisis de Actividad                                                                        

Días de CxC                42,03        44,01        42,98        45,00        45,00        45,00        45,00        45,00

Días de Inventario                68,02        66,10        76,09        68,64        73,21        73,21        73,21        73,21

Rotación de Inventarios                5,37        5,52        4,80        5,32        4,99        4,99        4,99        4,99

Rotación de Activos                2,76        2,88        2,86        3,22        3,26        3,30        3,32        3,34

Rotación de Activos Fijos Neto                14,37        18,60        19,00        20,93        26,53        36,13        56,43        91,72

Ciclo Operativo                110,05        110,11        119,07        113,64        118,21        118,21        118,21        118,21

Días de CxP                10,08        9,99        24,09        9,15        9,76        9,76        9,76        9,76

CxP % Financiamiento                9,2%        9,1%        20,2%        8,1%        8,3%        8,3%        8,3%        8,3%

Análisis de Apalancamiento                                                                        

Activo/Patrimonio                3,20        3,12        3,23        2,93        2,60        2,33        2,11        1,93

Pasivo/Activo                0,69        0,68        0,69        0,66        0,62        0,57        0,53        0,48

Pasivo/Patrimonio                2,20        2,12        2,23        1,93        1,60        1,33        1,11        0,93

Deuda Financiera/ Activos                0,60        0,60        0,52        0,58        0,53        0,48        0,44        0,39

Análisis de Cobertura                                                                        

Utilidad Operativa / GF                1,78        2,47        2,48        2,68        2,96        3,28        3,64        4,06

EBITDA / GF                -        3,30        3,61        3,54        3,94        4,40        4,93        5,22

EBITDA / GF + PCDLP                -        1,83        2,04        2,20        2,40        2,63        2,88        2,97

Flujo Operativo / GF                -        0,40        1,29        -1,26        1,69        2,57        2,86        2,87

Análisis de Liquidez                                                                        

Índice de Liquidez                2,14        1,91        1,64        1,60        1,70        1,81        1,94        2,06

Prueba Acida                1,05        0,97        0,71        0,67        0,67        0,74        0,83        0,90

Capital de Neto                253        268        259        268        314        368        429        489

Premisas Proyecciones                                                                        

                2004          2005          2006          2007          2008          2009          2010          2011  

Crecimiento en Ventas                        18,0%        17,0%        20,4%        5,0%        5,0%        5,0%        5,0%

Costo % de Ventas                80,3%        80,1%        81,1%        81,1%        81,1%        81,1%        81,1%        81,1%

Gastos % de Ventas                16,7%        16,0%        15,5%        15,0%        15,0%        15,0%        15,0%        15,0%

Tasa de Impuestos                33,3%        34,1%        34,8%        34,1%        34,1%        34,1%        34,1%        34,1%

Dividendos/Utilidad Neta                0,0%        0,0%        0,0%        0,0%        0,0%        0,0%        0,0%        0,0%

Dias de CxC                42,0        44,0        43,0        45,0        45,0        45,0        45,0        45,0

Dias de Inventario                68,0        66,1        76,1        75,0        75,0        75,0        75,0        75,0

Dias de Cuentas por Pagar                10,1        10,0        24,1        10,0        10,0        10,0        10,0        10,0

Activos Fijos/ Ventas                12%        11%        11%        11%        11%        11%        11%        11%

Inyeccion de Capital (en Miles US$)                                        0        0        0        0        0

CAPEX                                                                        

En Miles US$                        2007          2008          2009          2010          2011          V. Residual          

        Costo        Años                                                        

2006        50        5        10        10        10        10                        

...