Análise fundamentalista de uma seleção de ações da bolsa de valores de São Paulo de 2005 a 2015

Abstract

This article approaches the economic and financial fundamentalist way of thinking - from Brejamin Graham. From his ideas, this paper showed that the fundamentalist analyses allows the establishment of a successful strategy on the choice of stocks in the São Paulo stock market, named Bolsa de Mercados Futuros and Bolsa de Valores de São Paulo, thru the appliance of a combination of a series of performance indicators compared on the long. Besides that, it is clear that the mass destructive effects of the Brazilian inflation over the acquisition power of the national coin, and, therefore on the real gains of the investor. Based on a selection of fifteen publicly-traded publicly traded companies with a market value of more than one billion reais on March 30, 2016, it was sought to establish the parameters for observing the behavior of performance and evolution indicators of the shares of the respective companies. Each business organization was thoroughly dissected over a ten-year review - contemplating from December 2005 to December 2015, where factors such as liquidity, indebtedness, immobilization, profitability, profitability, rate of return on equity, Earnings per share, average triennial profits and others. Of the fifteen selected companies, fourteen maintained Graham's predicted behavior, with the exception of Dimed (PNVL3) - which had a considerable positive evolution of its prices, even though it was not totally in the best fundamentalist aspects.