Reporte Burkenroad Universidad Eafit - Isagen

Abstract

This work is about the valuation of ISAGEN in the framework of the Burkenroad Reports. The main goal of this report, is to find a reasonable value range for the share price of the company through the application of three methodologies: Discounted Cash Flow (DCF), Valuation Multiples and Volume Weighted Average Price (VWAP), doing emphasis in the first one. This valuation analysis is made after this company, property of the Colombian Government, were sold to the Canadian fund Brookfield Asset Management (BAM). After the initial purchase of the shares owned by the Government, BAM spread its ownership almost to 100% through the execution of several OPAs.