Analysy of the financial statements: a performance valuation of the brazilian companies by the private equity based on the information disclosured

Abstract

Private equity analyze the financial statements in an objective and practical way, focusing on the quantitative information and, frequently, are surprised by non-recorded situations, but only disclosed ones that affect the profitability of its investments. Therefore, the objective of this study was to develop a performance analysis structure of the Brazilian companies, based on the literature, corroborated by the information disclosed in their financial statements in order to supporting the private equity investors to estimate the value of an entity. It was made a bibliographic research, aiming to identify the relevant elements to valuate a company, what resulted in the developed referred structure. It was performed a cross check between the terms presented in the performance analysis structure and the content presented in the financial statement of the four companies registered in the Bovespa Mais, part of the Clean Energy and Information Technology segments. Observed a high level index of presence of the items part of the developed structure in the financial statements of the analyzed companies, which corroborate the possibility of using such structure in the process of estimating the value of a company.