Should Porcelanosa start trading on the stock excange?

Abstract

The goal of the following thesis is to prepare an analysis of the profitability, solvency, liquidity and bankruptcy for the period 2010 - 2015 of Porcelanosa, SA, at the same time as obtaining the current value of the company as of January 1, 2015, and Which is the last year for which I have the current data, to meet the objective of solving the following question. Should Porcelanosa start trading on the stock market? The work will be divided into 5 main parts. In the first of them, a context of the company will be realized in which its history and contextualization of its position in the sector of the ceramics will be discussed. The following is a brief description of the methodology to be used in the analysis and valuation, that is to say, which ratios are to be analysed and which valuation methods are to be used. In the following point, the ratios explained in the previous section will be analysed, which will be explained and calculated one by one. Then, in point number 5, Porcelanosa will be evaluated in the event that it goes public and obtain the value of the alleged action that the company would have, so that from the point of view of the investor it is convenient to buy or do not. Finally, the conclusions obtained after the whole process and the objective question will be answered. To conclude this introduction, add that the reason for analysing and valuing Porcelanosa, S.A. is because it is one of the leading companies in the ceramic sector in the province of Castellón, a sector that in recent years has participated in 79% of exports of Spanish ceramic products, according to Garcia.