This document appears to be presenting financial data and metrics for various companies across different industries in Latin America. It includes metrics such as market capitalization, price-to-earnings ratios, revenues, profits, and dividends. The document is organized by industry, with sections on consumer goods, retail, financial services, construction, cement, and steel companies. Key metrics are presented numerically for over 100 public companies from countries like Peru, Brazil, Mexico, Colombia, Chile, and others.

1. Alicorp SA ALICORC1 Perú 3,368 665 31.30 24.15 n.d. 14.71 4.25 14.9% 6.7%
BRF - Brasil Foods SA BRFS3 Brasil 21,411 43,789 42.46 24.50 18.88 13.04 2.89 7.0% 3.4%
Grupo Bimbo SAB BIMBOA México 14,851 5,628 90.74 33.30 15.04 13.06 4.27 4.5% 1.5%
Kimberly Clark de México KIMBERA México 10,706 8,950 29.26 26.78 16.05 15.17 22.94 77.1% 15.0%
Grupo Nutresa SA NUTRESA Colombia 6,349 2,047 33.69 31.43 n.d. 15.77 1.73 4.9% 4.0%
M Dias Branco SA MDIA3 Brasil 4,975 6,463 21.35 18.74 16.56 14.83 4.00 20.4% 13.9%
Hypermarcas SA HYPE3 Brasil 5,218 25,284 37.80 26.33 13.95 13.32 1.51 3.9% 2.1%
Gruma SAB GRUMAB México 2,998 3,515 20.08 18.26 10.20 9.34 2.66 10.3% 2.8%
Grupo Herdez SAB HERDEZ* México 1,548 893 22.85 19.23 12.89 11.04 4.34 20.6% 7.2%
Molinos Rio de la Plata SA MOLI Argentina 1,245 72 215.17 n.d. 19.32 n.d. 4.93 2.2% 0.4%
Promedio 7,700 10,738 57.05 24.82 15.36 13.19 5.47 16.8% 5.6%
Inretail Perú Corp. INRETC1 Perú 2,365 1,226 23.35 32.07 n.d. 12.80 2.12 9.4% 4.1%
S.A.C.I. Falabella FALAB Chile 27,399 10,709 35.09 25.35 22.30 17.50 4.52 13.2% 4.5%
Cencosud SA CENCOSUD Chile 15,530 20,674 22.84 20.20 14.13 12.56 1.95 8.6% 3.1%
Cia Brasileira de Distribuiçao PCAR4 Brasil 14,288 31,997 25.70 23.28 9.52 8.71 3.30 13.6% 3.4%
Almacenes Éxito EXITO Colombia 6,894 3,646 26.81 24.44 n.d. 10.12 1.69 6.5% 4.8%
Organización Soriana S.A.B. SORIANAB México 7,489 1,554 24.79 21.50 12.38 11.40 2.19 9.3% 5.0%
Walmart Chile SA WMTCL Chile 3,748 16 15.34 n.d. 8.76 n.d. 2.46 17.0% 5.7%
Grupo Comercial Chedraui CHDRAUIB México 3,738 2,126 28.76 23.11 11.94 10.64 2.19 7.8% 3.7%
Corp. Favorita SLU Ecuador 1,357 153 13.09 n.d. 9.39 n.d. n.d. 16.1% 11.4%
Import. y Export Patagonia PATA Argentina 435 9 16.10 n.d. 6.60 n.d. 22.10 19.0% 7.6%
Promedio 8,324 7,211 23.19 24.28 11.88 11.96 4.73 12.0% 5.3%
Credicorp Ltd. BAP Perú 11,971 632 15.37 13.81 4.90 60.41 2.87 20.5% 2.0%
BBVA Banco Continental SA CONTINC1 Perú 6,058 516 12.62 11.42 7.81 34.97 3.73 31.4% 2.7%
Scotiabank Perú SCOTIAC1 Perú 4,017 108 12.72 n.d. 10.64 45.66 2.26 18.9% 2.5%
Intercorp Financial Services IFS Perú 3,540 947 11.95 12.16 10.62 50.74 2.98 28.5% 2.9%
ITAU Unibanco Holding SA ITUB4 Brasil 77,780 n.d. 12.20 10.29 6.26 55.66 2.03 17.0% 1.4%
Banco Do Brasil S.A. BBAS3 Brasil 35,952 79,277 5.96 6.84 4.31 64.53 1.10 19.8% 1.1%
Grupo Financiero Banorte GFNORTEO México 17,323 31,783 18.10 15.19 4.47 67.44 2.48 14.7% 1.3%
Banco de Chile CHILE Chile 14,006 5,020 13.71 13.52 n.d. 47.16 3.09 23.8% 2.0%
Bancolombia SA BCOLO Colombia 13,295 2,532 13.79 12.93 6.19 58.33 2.08 16.5% 1.9%
Banco Santander Chile BSAN Chile 12,591 9,379 17.00 13.68 5.14 42.76 2.79 18.8% 1.6%
Banco de Bogotá BOGOTA Colombia 10,231 627 21.25 n.d. n.d. 58.48 2.54 13.3% 2.3%
Banco de Crédito e Inversión BCI Chile 7,516 2,669 13.10 12.04 4.12 49.55 2.51 20.5% 1.6%
Banco Davivienda SA PFDAVVND Colombia 6,102 2,686 14.54 11.76 7.50 50.78 2.05 14.9% 2.0%
Sociedad Matriz Banco de Chile SMCHILEB Chile 5,139 1,784 28.82 36.05 4.60 43.98 2.62 9.1% 0.3%
CorpBanca CORPBANC Chile 4,475 4,868 14.16 12.45 2.88 56.69 1.96 14.4% 1.1%
Promedio 15,333 10,202 15.02 14.01 6.11 52.48 2.47 18.8% 1.8%
Construcción
Graña y Montero GRAMONC1 Perú 2,714 846 23.77 18.33 9.34 8.57 4.85 21.8% 6.7%
Promotora y Oper de Infraestructura PINFRA* México 3,650 3,606 21.94 24.50 16.01 14.05 6.41 36.7% 12.5%
Mills Estruturas e Serviços MILS3 Brasil 2,115 5,264 27.04 20.55 n.d. 10.34 4.75 18.9% 10.5%
Empresas ICA S.A.B ICA* México 1,700 7,637 26.07 17.77 16.27 9.90 1.24 3.1% 0.5%
Besalco SA BESALCO Chile 1,058 1,126 31.08 17.92 12.51 n.d. 2.92 15.6% 5.7%
Grupo Odinsa SA ODINSA Colombia 873 482 11.17 n.d. 34.55 n.d. 2.41 23.1% 14.6%
Salfacorp SA SALFACOR Chile 853 1,775 17.42 13.33 13.39 11.20 1.43 8.5% 2.6%
Conconcreto SA CONCONC Colombia 633 207 23.06 n.d. 10.71 7.14 1.27 7.0% 4.2%
Construcciones El Cóndor SA ELCONDOR Colombia 460 216 n.d. n.d. n.d. n.d. 1.71 10.6% n.d.
Promedio 1,562 2,351 22.69 18.73 16.11 10.20 3.00 16.1% 7.2%
Fuente: Bloomberg
www.kallpasab.com 1
1.1%
1.2%
n.d.
2.0%
0.3%
1.3%
1.6%
3.2%
1.3%
1.9%
2.8%
1.1%
0.8%
1.4%
1.6%
0.6%
1.9%
0.5%
2.5%
1.4%
3.3%
6.7%
0.6%
4.7%
2.5%
3.9%
2.9%
2.6%
2.2%
Dividend
Yield 12M
1.7%
4.0%
3.8%
4.2%
1.5%
0.4%
3.0%
1.4%
Empresa Ticker
ADTV 12M
(US$000)
P/E
12M
Cap. Bursátil
(US$ MM)
Bienes de Consumo
Retail
P/E
2013
P/E
12M
País
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
P/E
2013
País P/BV ROE ROA
EV/EBITDA
2013
EV/EBITDA
12M
EV/EBITDA
2013
EV/EBITDA
12M
Empresa
P/E
12M
P/E
2013
País
Cap. Bursátil
(US$ MM)
Ticker
EQUITY RESEARCH | Reporte de Múltiplos 10 de mayo de 2013
P/BV ROE ROA
1.2%
ADTV 12M
(US$000)
P/E
12M
n.d.
1.0%
n.d.
2.2%
2.3%
1.2%
1.5%
Servicios Financieros
P/BV
Ratio de
Eficiencia
Margen
Financiero
EV/EBITDA
12M
EV/EBITDA
2013
P/BV ROE ROA
Empresa Ticker País
Cap. Bursátil
(US$ MM)
Empresa Ticker
P/E
2013
ROE ROA
ADTV 12M
(US$000)
Dividend
Yield 12M
n.d.
0.7%
1.0%
Reporte de Múltiplos
Dividend
Yield 12M
Dividend
Yield 12M

2. Unión Andina de Cementos UNACEMC1 Perú 2,594 490 13.25 17.83 11.55 11.29 2.06 12.7% 5.5%
Cementos Pacasmayo CPACASC1 Perú 1,701 425 27.54 23.15 14.80 12.81 2.24 9.0% 5.9%
Cemex SAB CEMEXCPO México 13,633 34,606 n.d. n.d. 13.24 10.21 1.20 -10.6% -3.1%
Cementos Argos SA CEMARGOS Colombia 4,950 2,996 23.41 31.35 15.22 12.71 1.59 4.5% 2.9%
Cemex Latam Holdings SA CLH España 4,088 5,229 14.84 15.29 n.d. 6.06 2.83 n.d. n.d.
Corp. Moctezuma CMOCTEZ* México 2,950 269 18.18 15.46 11.03 n.d. 4.02 21.0% 17.1%
Grupo Cementos Chihuahua GCC* México 1,246 37 58.59 26.65 13.48 n.d. 1.27 2.1% 1.2%
Cementos BIO BIO S.A. CEMENT Chile 357 114 n.d. n.d. 21.60 n.d. 0.76 -13.1% -5.4%
Holcim Costa Rica S.A. INCCA Costa Rica 333 50 18.55 n.d. 8.13 n.d. 3.82 19.6% 7.5%
Melón SA MELON Chile 296 2 n.d. n.d. 11.42 n.d. 0.51 1.6% 1.1%
Promedio 3,215 4,422 24.91 21.62 13.38 10.62 2.03 5.2% 3.6%
Corp. Aceros Arequipa CORAREI1 Perú 385 155 22.16 n.d. 14.93 10.54 0.53 2.5% 1.3%
Empresa Siderúrgica del Perú SIDERC1 Perú 81 72 n.d. n.d. n.d. 58.60 0.22 -10.7% -5.0%
Gerdau SA GGBR4 Brasil 11,560 56,977 19.93 14.60 9.55 7.71 0.89 4.6% 2.4%
CAP SA CAP Chile 4,616 7,046 24.08 16.62 9.65 8.75 2.49 10.6% 3.8%
Ternium SA TX EEUU 4,674 10,606 43.29 8.85 5.70 5.03 0.85 1.9% 1.0%
Industrias CH S.A.B. ICHB México 3,478 3,901 24.84 19.41 10.55 9.11 1.64 6.5% 4.3%
Grupo Simec S.A. SIMECB México 2,344 1,303 13.72 12.36 7.21 5.55 1.19 8.8% 6.3%
Siderar ERAR Argentina 2,177 326 22.04 n.d. 7.96 n.d. 0.96 4.8% 3.2%
Cintac S.A. CINTAC Chile 195 111 18.18 n.d. n.d. n.d. 1.09 6.1% 2.9%
Siderúrgica Venez Sivensa SVS Venezuela 146 12 4.44 n.d. n.d. n.d. 0.18 4.7% 3.0%
Metisa Metalúrgica Timboense SA MTSA4 Brasil 108 30 10.89 n.d. n.d. n.d. 1.21 11.4% 7.0%
Promedio 2,706 7,322 20.36 14.37 9.36 15.04 1.02 4.7% 2.7%
Ferreycorp SAA FERREYC1 Perú 722 1,153 8.64 7.80 7.42 6.17 1.57 15.3% 5.3%
Finning International Inc FTT Canadá 3,917 15,322 11.44 10.90 7.92 7.10 2.52 23.2% 7.3%
Seven Group Holdings Ltd SVW Australia 2,984 4,386 8.70 9.25 8.88 7.35 1.24 15.2% 6.7%
Barloworld Ltd BAW Sudáfrica 2,505 9,384 14.54 13.13 6.50 6.10 1.77 12.3% 4.7%
Toromont Industries Ltd. TIH Canadá 1,687 3,912 14.08 14.76 8.34 8.47 3.57 27.4% 13.0%
Randon Participações SA RAPT4 Brasil 1,489 6,736 51.39 18.26 n.d. 9.03 2.32 4.6% 1.4%
H&E Equipment Services Inc HEES EE.UU. 758 4,205 20.92 17.71 6.39 5.55 13.94 18.4% 3.3%
Wajax Corp WJX Canadá 556 4,684 9.61 9.69 6.56 7.02 2.32 28.1% 10.5%
Titan Machinery Inc TITN EE.UU. 499 12,743 11.83 9.78 10.93 9.40 1.26 11.6% 3.4%
PT Hexindo Adiperkasa Tbk HEXA Indonesia 382 588 5.47 5.47 5.05 4.86 1.88 39.7% 18.0%
Rocky Mountain Dealerships Inc RME Canadá 264 404 9.17 8.07 5.25 5.18 1.82 17.6% 4.4%
Promedio 1,433 5,774 15.07 11.35 7.32 6.93 3.11 19.4% 7.1%
Casa Grande SAA CASAGRC1 Perú 327 141 35.69 9.18 7.64 5.66 0.71 2.0% 1.3%
Cartavio SAA CARTAVC1 Perú 163 7 n.d. n.d. n.d. n.d. n.d. 3.8% 2.2%
Empresa Agroindustrial Pomalca POMALCC1 Perú 39 108 5.50 n.d. n.d. n.d. 0.24 3.8% 1.8%
Illovo Sugar Ltd ILV Sudáfrica 1,817 984 21.13 14.78 n.d. 7.81 2.73 10.3% 4.8%
EID Parry India Ltd EID India 471 321 12.48 7.10 7.71 7.48 1.06 8.5% 1.8%
Shree Renuka Sugars Ltd SHRS India 301 5,108 n.d. 6.97 n.d. 4.25 0.80 -13.7% -2.2%
Empresas Iansa SA IANSA Chile 264 813 8.04 9.49 9.72 7.57 0.74 8.7% 5.2%
Bajaj Hindusthan Ltd BJH India 245 1,567 n.d. n.d. 18.84 22.80 0.34 -9.3% -2.2%
Balrampur Chini Mills Ltd BRCM India 230 1,810 7.81 11.41 13.59 8.77 1.04 n.d. n.d.
Promedio 429 1,207 15.11 9.82 11.50 9.19 0.96 1.8% 1.6%
Copeinca ASA COP Perú 721 877 11.89 12.02 10.72 9.22 1.47 12.6% 6.5%
Austral Group SAA AUSTRAC1 Perú 239 78 7.06 6.86 3.47 3.66 0.99 14.1% 8.3%
Pesquera Exalmar S.A.A. EXALMC1 Perú 183 78 12.78 8.78 6.63 6.40 0.79 6.3% 3.1%
Leroey Seafood Group ASA LSG Noruega 1,682 802 20.27 9.69 16.29 7.18 1.82 9.1% 4.1%
Salmar ASA SALM Noruega 1,208 989 14.63 8.77 19.38 7.52 2.44 19.1% 6.7%
AquaChile SA AQUACHIL Chile 831 410 n.d. 16.30 n.d. 10.55 2.14 -10.3% -5.1%
Cia Pesquera Camanchaca SA CAMANCHA Chile 241 88 n.d. n.d. 74.79 11.18 0.91 -9.0% -3.8%
Havfisk ASA HFISK Noruega 85 18 11.58 17.31 6.24 8.08 0.57 6.3% 2.4%
Promedio 649 418 13.04 11.39 19.65 7.97 1.39 6.0% 2.8%
Fuente: Bloomberg
www.kallpasab.com 2
7.9%
3.8%
6.8%
3.4%
3.0%
EV/EBITDA
2013
P/BV ROE ROA
1.6%
n.d.
Dividend
Yield 12M
Dividend
Yield 12M
n.d.
8.4%
1.9%
n.d.
1.8%
n.d.
7.4%
n.d.
Pesca
P/E
2013
Empresa Ticker País
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
P/E
12M
P/E
2013
ADTV 12M
(US$000)
Empresa
EV/EBITDA
2013
P/BV ROE ROA
P/E
12M
P/E
2013
ADTV 12M
(US$000)
P/E
12M
País
Acero
Empresa Ticker País
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
P/E
12M
P/E
2013
EV/EBITDA
12M
EV/EBITDA
2013
P/BV ROE ROA
Empresa Ticker
n.d.
1.7%
4.8%
2.7%
n.d.
n.d.
3.2%
3.9%
n.d.
4.7%
9.7%
2.1%
4.1%
n.d.
4.5%
0.5%
EV/EBITDA
12M
2.2%
0.5%
32.5%
Cap. Bursátil
(US$ MM)
P/BV ROE
EV/EBITDA
2013
4.5%
2.6%
Dividend
Yield 12M
Dividend
Yield 12M
1.2%
EV/EBITDA
12M
10 de mayo de 2013
Azúcar
Empresa Ticker País
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
P/E
12M
P/E
2013
EV/EBITDA
12M
EV/EBITDA
2013
Cemento
EV/EBITDA
12M
ROE ROA
ROA
Ticker País
P/BV
Cap. Bursátil
(US$ MM)
Maquinaria - Distribución
6.0%
12.5%
9.3%
8.3%
3.3%
2.4%
5.9%
2.3%
2.9%
n.d.
1.4%
n.d.
Dividend
Yield 12M
3.9%
n.d.
n.d.
n.d.
n.d.
Reporte de Múltiplos

3. Maple Energy PLC MPLE Perú 110 61 n.d. 9.54 18.61 6.65 0.80 -15.5% -6.2%
Tereos Internacional SA TERI3 Brasil 1,283 190 15.58 10.36 7.69 5.37 0.75 0.8% 0.3%
Andersons Inc/The ANDE EE.UU. 1,011 5,362 13.76 13.41 10.36 9.15 1.62 12.6% 3.7%
CropEnergies AG CE2 Alemania 658 203 8.90 12.16 4.96 6.14 1.30 15.4% 9.4%
Green Plains Renewable Energy GPRE EE.UU. 408 2,294 n.d. 20.38 8.71 7.49 0.84 5.7% 2.0%
REX American Resources Corp REX EE.UU. 164 574 n.d. 8.96 13.07 n.d. 0.66 -0.9% -0.5%
Promedio 606 1,447 12.75 12.47 10.57 6.96 0.99 3.0% 1.4%
Refinería La Pampilla SA RELAPAC1 Perú 187 199 105.83 n.d. n.d. n.d. 0.30 0.5% 0.2%
Ecopetrol SA ECOPETL Colombia 92,728 21,168 12.22 11.96 6.07 5.75 2.63 24.7% 14.3%
YPF SA YPFD Argentina 8,798 1,244 11.90 6.95 3.65 2.84 1.36 13.0% 5.2%
OGX Petróleo e Gas Participações OGXP3 Brasil 2,604 123,898 n.d. n.d. n.d. n.d. 0.76 -23.1% -11.1%
Petrobras Argentina SAB PESA Argentina 1,645 228 13.82 8.11 3.37 2.57 0.85 6.0% 3.4%
Refinaria de Petróleos Manguinhos RPMG3 Brasil 113 501 n.d. n.d. n.d. n.d. n.d. n.d. -44.0%
Promedio 17,679 24,540 35.94 9.01 4.36 3.72 1.18 4.3% -5.3%
Edegel SA EDEGELC1 Perú 2,398 243 16.70 n.d. 9.04 n.d. 2.48 15.1% 8.2%
Enersur SA ENERSUC1 Perú 2,172 170 19.58 23.34 n.d. 9.79 3.82 21.1% 8.5%
Enersis SA ENERSIS Chile 18,289 11,343 17.71 12.97 6.56 5.65 1.46 7.3% 2.6%
Empresa Nacional de Electricidad ENDESA Chile 14,169 8,588 28.98 15.71 10.94 8.72 2.61 9.0% 3.6%
Tractebel Energias SA TBLE3 Brasil 11,618 12,075 14.76 14.35 8.07 7.85 4.40 30.1% 13.1%
Cia Energética de Minas Gerais CMIG3 Brasil 10,293 2,424 4.70 7.18 6.81 5.62 1.74 35.9% 11.0%
AES Gener SA AESGENER Chile 5,654 2,631 26.81 19.43 11.83 10.99 2.21 6.6% 2.9%
Colbun SA Colbun Chile 5,378 2,781 84.01 27.83 22.82 14.09 1.52 1.8% 1.1%
Cia Paranense de Energia CPLE3 Brasil 4,291 345 11.13 7.32 6.42 5.21 0.64 5.8% 3.5%
Centrais Eletricas Brasileiras ELET3 Brasil 3,674 9,960 n.d. 13.19 14.16 20.73 0.10 -9.6% -4.1%
Isagen SA ISAGEN Colombia 3,836 1,817 15.26 15.73 14.83 14.81 1.94 13.2% 7.3%
Cia Electricidade da Bahia CEEB3 Brasil 3,761 54 9.46 n.d. 7.96 n.d. 2.87 32.5% 12.3%
Cia Energetica do Sao Paulo CESP3 Brasil 3,265 42 16.19 5.71 n.d. 3.30 0.55 2.7% 1.5%
Edp - Energias do Brasil ENBR3 Brasil 2,824 11,431 19.70 10.84 n.d. 6.33 1.26 6.3% 2.1%
Equatorial Energia SA EQTL3 Brasil 2,081 5,078 11.57 17.11 9.41 9.51 1.56 7.4% 2.2%
Promedio 6,247 4,599 21.18 14.67 10.74 9.43 1.94 12.3% 5.1%
Luz del Sur LUSURC1 Perú 1,817 224 17.39 14.94 10.06 9.95 3.41 22.9% 11.3%
Edelnor EDELNOC1 Perú 1,281 145 16.48 14.11 8.31 7.95 3.11 19.5% 7.2%
Chilectra SA CHILECTR Chile 4,059 21 11.65 n.d. 12.02 n.d. 1.81 15.4% 12.7%
Cia Energética do Ceará COCE5 Brasil 1,848 1,691 8.84 9.49 6.82 6.13 2.38 27.7% 12.2%
CGE Distribucion SA CGEDISTR Chile 1,409 7 68.29 n.d. 19.86 n.d. 1.64 2.9% 1.3%
Eletropaulo Metropolitana ELPL4 Brasil 875 11,008 n.d. 10.58 n.d. 4.52 0.75 -0.1% 0.0%
Cia Energética do Maranhão ENMA3B Brasil 874 12 4.60 n.d. 5.19 n.d. 1.44 35.1% 11.7%
Cia Energética de Pernambuco CEPE5 Brasil 746 9 94.70 n.d. 11.15 n.d. 0.92 1.0% 0.4%
Promedio 1,614 1,640 31.71 12.28 10.49 7.14 1.93 15.6% 7.1%
Telefónica del Perú TELEFBC1 Perú 2,766 5,683 9.86 n.d. 3.03 n.d. 1.49 18.9% 7.7%
América Móvil AMXL México 78,151 99,002 11.28 10.29 5.12 5.21 4.01 32.7% 9.1%
Telefónica Brasil S.A. VIVT4 Brasil 28,231 29,741 13.81 13.28 n.d. 4.77 1.36 9.8% 6.4%
Embratel Participações SA EBTP3 Brasil 6,695 6 27.15 n.d. 4.01 n.d. 1.14 7.4% 3.2%
Empresa Nacional de Telecom. ENTEL Chile 4,773 6,240 14.86 14.11 5.13 5.38 2.69 18.4% 9.4%
Cia Anónima Nacional de Telefonía TDV/D Venezuela 2,752 9 7.68 n.d. 3.93 n.d. 2.38 32.7% 13.2%
Telefónica Chile SA CTCA Chile 1,444 47 11.66 n.d. 3.62 n.d. 1.15 9.5% 4.1%
Empresa de Telecom de Bogotá ETB Colombia 765 200 5.33 n.d. 2.28 1.98 0.51 9.9% 5.2%
Promedio 15,697 17,616 12.70 12.56 3.88 4.33 1.84 17.4% 7.3%
Fuente: Bloomberg
www.kallpasab.com 3
2.1%
6.5%
4.3%
6.7%
5.5%
Ticker País P/BV ROE ROA
Empresa Ticker País
EV/EBITDA
12M
Oil & Gas
Etanol
Empresa Ticker País
Cap. Bursátil
(US$ MM)
EV/EBITDA
12M
ROE
Dividend
Yield 12M
Dividend
Yield 12M
Dividend
Yield 12M
Electricidad - Distribución
Empresa Ticker
Telecomunicaciones
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
P/E
12M
P/E
2013
Empresa
Cap. Bursátil
(US$ MM)
País
Reporte de Múltiplos
5.8%
10.4%
EV/EBITDA
12M
EV/EBITDA
2013
ADTV 12M
(US$000)
P/E
12M
P/E
2013
P/BV ROE ROA
13.5%
n.d.
21.6%
4.4%
0.3%
3.3%
34.9%
2.6%
2.2%
n.d.
2.5%
n.d.
2.2%
1.1%
n.d.
7.4%
4.4%
4.3%
1.1%
5.7%
6.5%
0.8%
n.d.
P/E
12M
P/E
2013
P/E
12M
P/E
2013
EV/EBITDA
12M
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
ADTV 12M
(US$000)
EV/EBITDA
2013
EV/EBITDA
2013
Ticker País
Electricidad - Generación
ROAP/BV ROE
ROAP/BV
10 de mayo de 2013
EV/EBITDA
12M
EV/EBITDA
2013
EV/EBITDA
2013
P/BV
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
P/E
12M
P/E
2013
Empresa
0.1%
5.8%
1.1%
1.7%
6.6%
n.d.
1.6%
9.1%
3.7%
7.0%
0.7%
n.d.
5.0%
3.4%
4.4%
1.4%
11.9%
3.0%
ROE ROA
Dividend
Yield 12M
Dividend
Yield 12M

4. Cia de Minas Buenaventura BVN Perú 5,466 301 8.70 8.99 n.d. 8.81 1.35 16.5% 13.2%
Barrick Gold Corp ABX Canadá 20,927 171,227 6.33 6.60 5.10 5.47 0.93 -3.6% -1.7%
Newmont Mining Corp NEM EE.UU. 16,524 292,895 9.92 11.87 6.62 6.87 1.17 12.1% 5.6%
Newcrest Mining Ltd NCM Australia 13,371 101,833 17.13 14.39 9.67 7.45 1.13 5.2% 3.9%
Zijin Mining Group Co Ltd 2899 China 9,832 15,727 7.73 8.62 n.d. 8.64 1.43 17.7% 7.6%
Polyus Gold International PLZLY Reino Unido 9,400 1,714 9.84 n.d. 8.03 n.d. 2.41 27.4% 19.0%
Yamana Gold Inc YRI Canadá 9,060 81,142 22.30 15.57 8.27 7.26 1.15 4.8% 3.2%
Randgold Resources Ltd RRS EE.UU. 7,090 36,749 17.18 17.49 10.16 9.89 2.63 16.5% 14.6%
Zhongjin Gold Co Ltd 600489 China 5,918 59,387 23.79 21.00 n.d. 8.71 3.48 15.9% 7.5%
Agnico-Eagle Mines Ltd AEM Canadá 5,375 50,334 17.58 29.95 7.98 9.48 1.55 7.6% 5.0%
Eldorado Gold Corp ELD Canadá 5,413 52,244 25.25 17.46 8.92 8.89 0.93 3.3% 2.5%
Gold Fields Ltd GFI Sudáfrica 4,877 31,038 9.59 8.19 3.26 4.72 1.01 13.8% 7.8%
Polymetal International PLC POLY Rusia 4,176 8,738 10.40 8.24 6.32 5.57 3.44 20.8% 10.9%
Rio Alto Mining Ltd RIO Canadá 610 648 6.35 6.89 3.35 3.95 2.70 59.3% 38.6%
Promedio 8,431 64,570 13.72 13.48 7.06 7.36 1.81 15.5% 9.8%
Hochschild Mining Plc HOC Reino Unido 1,362 1,337 21.20 29.59 3.99 4.66 2.51 6.1% 3.5%
Industrias Penoles SAB de CV PE&OLES* México 15,428 9,648 21.27 14.50 8.30 9.02 5.55 21.2% 10.8%
Fresnillo Plc FRES México 13,039 18,596 17.24 19.89 9.83 9.98 9.63 35.9% 24.0%
SLM Corp SLM EE.UU. 9,400 60,498 7.90 8.55 32.65 n.d. 1.99 25.5% 0.6%
Silver Wheaton Corp SLW Canadá 8,634 75,724 14.76 15.54 11.27 10.21 4.11 20.3% 19.3%
Pan American Silver Corp PAA Canadá 1,970 7,965 11.51 13.27 4.18 3.73 1.05 4.1% 3.3%
First Majestic Silver Corp FR Canadá 1,368 12,809 14.80 13.93 9.52 6.09 3.97 18.8% 14.2%
Hecla Mining Co HL EE.UU. 921 24,485 26.92 15.16 8.05 3.49 0.81 1.3% 1.1%
Silver Standard Resources Inc SSO Canadá 566 3,884 25.97 n.d. 6.14 5.85 1.14 5.4% 4.2%
Silvercorp Metals Inc SVM Canadá 501 2,335 12.74 9.98 4.36 3.16 1.97 7.0% 5.2%
Fortuna Silver Mines Inc FVI Canadá 349 2,247 12.10 11.52 4.05 3.91 1.32 12.8% 10.7%
Silvercrest Mines Inc SVL Canadá 213 767 5.63 11.37 3.64 3.81 2.58 44.1% 30.7%
Promedio 6,515 26,383 16.95 16.30 10.97 6.74 3.70 16.6% 9.6%
Southern Copper Corp SCCO EE.UU. 28,165 175 14.14 14.71 8.35 8.50 5.57 38.0% 18.8%
Soc. Minera Cerro Verde CVERDEC1 Perú 9,802 506 14.45 9.44 7.24 5.49 2.71 20.8% 18.0%
Anglo American Plc AAL Reino Unido 34,059 105,570 n.d. 11.60 6.23 5.02 1.14 -3.9% -2.0%
Freeport-McMoran Copper FCX EE.UU. 30,914 585,166 11.03 8.87 5.34 3.86 1.72 17.2% 7.7%
Grupo Mexico SAB de CV GMEXICOB México 27,262 31,829 12.09 12.26 6.99 6.19 3.54 26.5% 12.6%
Antofagasta Plc ANTO Reino Unido 13,825 34,418 13.40 12.12 3.94 4.15 2.98 15.5% 8.4%
First Quantum Minerals FM Canadá 11,122 62,406 15.82 15.21 11.42 8.16 1.43 8.8% 4.7%
Inmet Mining Corp. IMN Canadá 4,642 30,522 13.53 13.43 7.72 7.50 1.25 9.8% 6.7%
Kazakhmys Plc KAZ Reino Unido 2,970 24,105 n.d. 7.36 2.93 3.94 1.08 -30.1% -20.9%
Promedio 18,085 97,189 13.49 11.67 6.68 5.87 2.38 11.4% 6.0%
Volcan Cia Minera SAA VOLCABC1 Perú 3,334 1,950 12.30 8.46 n.d. 5.56 1.57 12.5% 6.4%
Sociedad Minera El Brocal BROCALC1 Perú 981 75 41.17 10.48 20.35 6.96 2.63 3.4% 2.5%
Compañía Minera MILPO SA MILPOC1 Perú 768 203 35.90 5.10 4.00 3.30 1.69 4.7% 2.1%
Cia Minera Atacocha SA ATACOBC1 Perú 65 60 n.d. 16.65 2.64 1.66 0.49 -8.2% -4.2%
BHP Billiton BHP Australia 174,068 347,022 19.09 12.05 7.58 6.37 3.06 14.9% 7.6%
Teck Resources Ltd TCK Canadá 17,005 75,650 12.63 12.96 6.20 6.17 0.93 5.0% 2.7%
Boliden AB BOL Suecia 3,995 37,609 9.80 12.31 5.60 5.79 1.15 12.2% 7.0%
Nyrstar NYR Bélgica 875 5,398 n.d. n.d. 6.52 4.92 0.55 -7.5% -2.7%
Minmetals Land Ltd 230 Hong Kong 516 833 14.63 5.22 9.82 3.77 0.57 4.1% 1.6%
Promedio 22,401 52,089 20.79 10.40 7.84 4.95 1.41 4.6% 2.5%
Minsur SA MINSURI1 Perú 1,939 375 12.02 9.34 6.66 5.07 1.15 9.3% 5.7%
Yunnan Tin Co Ltd 000960 China 2,522 21,083 n.d. 46.19 n.d. 24.22 3.14 -3.9% -1.0%
Timah Persero Tbk TINS Indonesia 713 914 21.48 10.18 6.42 4.60 1.49 6.9% 5.2%
Metals X Limited MLX Australia 199 197 109.09 12.00 n.d. 8.69 0.71 1.1% 1.0%
Malaysia Smelting Corp SMELT Malasia 105 48 n.d. 5.81 n.d. 9.23 0.87 -21.3% -7.2%
Promedio 1,096 4,523 47.53 16.71 6.54 10.36 1.47 -1.6% 0.7%
Fuente: Bloomberg
www.kallpasab.com 4
3.9%
2.7%
4.0%
2.6%
2.8%
5.7%
4.6%
2.9%
4.1%
4.0%
0.8%
3.9%
3.8%
3.4%
6.9%
0.9%
0.3%
2.1%
Dividend
Yield 12M
0.8%
10 de mayo de 2013
1.3%
2.1%
0.6%
0.3%
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
6.5%
n.d.
6.2%
n.d.
n.d.
Minería - Estaño
Minería - Polimetálica
Minería - Cobre
Minería - Plata
Dividend
Yield 12M
Dividend
Yield 12M
Dividend
Yield 12M
Minería - Oro
EV/EBITDA
12M
EV/EBITDA
2013
P/BV ROE ROA
5.4%
5.2%
3.6%
2.5%
1.6%
Empresa Ticker País
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
P/E
12M
P/BV ROE ROA
ROE ROA
P/BV ROE ROA
Reporte de Múltiplos
Dividend
Yield 12M
2.6%
ROE ROA
P/BV
EV/EBITDA
12M
P/E
2013
EV/EBITDA
12M
EV/EBITDA
2013
Empresa Ticker País
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
P/E
12M
P/BV
EV/EBITDA
12M
EV/EBITDA
2013
P/E
2013
EV/EBITDA
2013
EV/EBITDA
12M
Empresa Ticker País
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
P/E
12M
P/E
2013
Empresa Ticker País
Cap. Bursátil
(US$ MM)
ADTV 12M
(US$000)
P/E
12M
P/E
2013
P/E
12M
P/E
2013
Empresa Ticker País
EV/EBITDA
2013
3.2%
0.5%
1.0%
n.d.
10.3%
n.d.
1.5%
2.5%
2.0%
n.d.
1.9%
n.d.
3.4%
n.d.
2.6%
1.7%
3.9%
3.8%
4.5%
2.1%

5. GERENCIA GENERAL
Alberto Arispe
Gerente
(511) 630 7500
aarispe@kallpasab.com
TRADING
Enrique Hernández Eduardo Fernandini Javier Frisancho Jorge Rodríguez
Gerente Head Trader Trader Trader
(511) 630 7515 (511) 630 7516 (511) 630 7517 (511) 630 7518
ehernandez@kallpasab.com efernandini@kallpasab.com jfrisancho@kallpasab.com jrodriguez@kallpasab.com
MERCADO DE CAPITALES
Ricardo Carrión
Gerente
(511) 630 7500
rcarrion@kallpasab.com
FINANZAS CORPORATIVAS
Andrés Robles
Gerente
(511) 630 7500
arobles@kallpasab.com
EQUITY RESEARCH
Marco Contreras Edder Castro Humberto León Juan Franco Lazo
Analista Analista Analista Asistente
(511) 630 7528 (511) 630 7529 (511) 630 7527 (511) 630 7500
mcontreras@kallpasab.com ecastro@kallpasab.com hleon@kallpasab.com jlazo@kallpasab.com
OPERACIONES
Elizabeth Cueva Alan Noa Mariano Bazán Ramiro Misari
Gerente Jefe de Operaciones Analista - Tesorería Jefe de Sistemas
(511) 630 7521 (511) 630 7523 (511) 630 7522 (511) 630 7500
ecueva@kallpasab.com anoa@kallpasab.com mbazan@kallpasab.com rmisari@kallpasab.com
OFICINA CHACARILLA OFICINA AREQUIPA
Hernando Pastor Daniel Berger Jesús Molina
Representante Representante Representante
(511) 626 8700 (511) 626 8700 (51 54) 272 937
hpastor@kallpasab.com dberger@kallpasab.com jmolina@kallpasab.com
OFICINA EL POLO OFICINA TACNA
Ana María Castro Gissella Gárate Gerson Del Pozo
Representante Asesora de Inversiones Representante
(511) 630 7532 (511) 630 7533 (51 52) 241 394
amcastro@kallpasab.com ggarate@kallpasab.com gdelpozo@kallpasab.com
www.kallpasab.com 5
Este documento es exclusivamente para fines informativos. Bajo ninguna circunstancia deber ser usado o considerado como una oferta de venta o solicitud de compra de
acciones u otros valores mencionados en él. La información en este documento ha sido obtenida de fuentes que se creen confiables, pero Kallpa Securities SAB no
garantiza la veracidad o certeza del contenido de este reporte, o de los futuros valores de mercado de las acciones u otros valores mencionados. Los productos
mencionados en este documento podrían no estar disponibles para su compra en algunos países. Kallpa Securities SAB puede tener posiciones y efectuar transacciones
con valores mencionados y/o puede buscar hacer banca de inversión con ellos.
Reporte de Múltiplos
10 de mayo de 2013
KALLPA SECURITIES SOCIEDAD AGENTE DE BOLSA