diapositiva 1 - solventis...2019/11/29 · italy spain france alemania states japan china 58 '...
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“O” ??
…
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Invirtiendo en Renta Fija en euros no recuperaré mi inversión…
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“O” ??
…
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EJEMPLO: Laboratorios Farmacéuticos ROVI
Precio: 24,6€ (Nov. 08, 2019) Precio promedio adq. = 16,6€
Cap. Burs. = 1.379 Mill. € // Caja neta aj. = 61 mill.€
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Una historia de transformación
Internacionalización
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Por acción
Capitalización ROVI (MM€) 1.211 21,6 €
ValorBeneficio
normalizado Probabilidad PE
Negocio actual (Bemiparina…) 35,25 13 458
Becat (Enoxaparina) 54,5 13 709
Valor del equity ex Pipeline 1.167
Doria 70 100% 13 910
Valor del equity incl. Doria 2.077 37,1 €
Margen de seguridad 71,5%
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