Análisis del desempeño financiero en las empresas del sector de la construcción registradas en el Mercado de Valores de Quito mediante el método Free Cash Flow (FCF) y valor económico añadido (EVA), periodo 2015-2018

Abstract

The construction sector, a fundamental pillar of the Ecuadorian economy in the last decade has suffered economic and political attacks that have caused behaviors that have affected the development and growth of the same according to criteria of specialists in the branch. To determine by means of financial tools where the behavior of the free cash flows that the sector has generated as well as its pure economic benefit can be determined by means of EVA, complemented by an economic analysis of contribution to the main national accounts such as PIB, Employment and VAB as well as of a financial diagnosis by ratios, considering six companies of the sector that are quoted in the stock market, relevant information is provided of the true situation that this has had, especially in its financial performance, demonstrated that in itself the companies of the sector of the construction present low generation of cash flows, a high level of indebtedness and management of risk performance criteria where debt is the engine for companies to sustain the slow return of cash flows making more investment to maintain a value equally company must represented with the same added economic value that presented to a static behavior. Concluding that the sector remains but not as in previous periods with growth and stability that allows it to continue being one of the main contributors to the economy of the country but with strategies that envision better future forecasts for the sector.