ANALYSIS AND ASSESSMENT OF AGRIFOOD ENTERPRISES THAT ARE LISTED IN THE SPANISH STOCK MARKET

Abstract

In the Spanish stock market, some agrifood companies of reduced capitalization are listed. In this study, the financial statements from 2011 to 2014 of some of them are evaluated as a whole, to determine what their financial situation is through the composition of the balance sheet and the principal stock market ratios. In addition, the profitability of the shares in recent years was calculated, their specific and systematic risk, compared to the profitability of the IBEX 35. Business evaluation methodologies were used to determine the intrinsic value of the shares. All the enterprises showed well-adjusted balances, low indebtedness, with positive and solvent profitability. Their systematic risk allows including
them in defensive values with low correlation with the IBEX 35.