Análise da eficiência dos indicadores de mercado de ações aplicados às empresas do segmento petroquímico da bolsa de valores brasileira

Abstract

Groups of indicators are necessary for a fundamentalist analysis to be formulated, among these groups there is one that is of great use for shareholder investors called stock market indicators, or even market multiples, providing the analysis and comparability of similar companies inserted in a given segment of operation. Based on this proposal of market index analysis, the objective of this research was to identify how efficient these indicators can be in predicting results related to the convergence with the results of these indexes for the year 2019, through the application in companies listed in the petrochemical segment of B3 (Brazil, Stock Exchange, Counter). For this purpose, the quarterly financial statements published between 2014 and 2019 of the three listed companies, Braskem, Elekeiroz and GPC Participações, were used, where from the data collected from these statements, in addition to information and data obtained through administrative reports, it was possible to calculate the indexes, and prepare an interpretative graphic-numeric and statistical analysis, through the arithmetic mean of some indicators and consequently a performance projection for the year 2019. In the performance classification among the companies, four of the six indicators (66%), showed convergence between what was predicted and what was observed in 2019, they were the Asset Value per Share, Price/ Asset Value, Dividend Payout and Dividend Yield and from this result one can conclude that there was a reasonable forecasting efficiency.