Valoración financiera de la Empresa snacks S.A.

Abstract

The present thesis aims to determine the financial value of the company Snacks S.A. through the application of the Discounted Cash Flow (DCF) valuation method. To achieve this objective, the company’s financial situation was evaluated based on the analysis of its historical financial statements for the period 2020–2024, and projections of the free cash flows to the firm were prepared for the period 2025–2029. Likewise, the terminal value of the company was estimated using the Gordon growth model, considering the projected cash flow for the year 2030 as the basis for perpetuity. The valuation was carried out using a discount rate equivalent to the cost of equity (Kp), since the company does not maintain any debt financing. Additionally, a scenario analysis was developed, considering as key variables the industry growth rate, GDP growth rate, and perpetual growth rate. The weighted probability of each scenario allowed for the determination of an expected company value, reflecting consistency with the base valuation and a moderate level of sensitivity to changes in macroeconomic and sectoral conditions. In conclusion, the study shows that Snacks S.A. has a solid financial position and sustained long-term value creation potential, supported by its capacity to generate positive cash flows and operate within a relatively stable economic environment. The applied methodology and the results obtained constitute a useful tool for strategic decision-making and effective corporate value management.