{"id":11,"date":"2026-04-26T19:50:40","date_gmt":"2026-04-26T19:50:40","guid":{"rendered":"https:\/\/cumbreresearch.com\/inicio\/"},"modified":"2026-09-11T20:14:28","modified_gmt":"2026-09-11T20:14:28","slug":"inicio","status":"publish","type":"page","link":"https:\/\/cumbreresearch.com\/en\/","title":{"rendered":"Start"},"content":{"rendered":"    <div class=\"cr-editorial cr-home\" id=\"cr-home\"><section class=\"cr-home-hero\"><canvas class=\"cr-home-network\" aria-hidden=\"true\"><\/canvas><div class=\"cr-home-glow\" aria-hidden=\"true\"><\/div><div class=\"cr-home-container cr-home-hero-grid\"><div class=\"cr-home-pitch\"><p class=\"cr-home-kicker\"><span><\/span>RESEARCH + HERRAMIENTAS INTERACTIVAS<\/p><h1>Investig\u00e1 una empresa.<br><em>Constru\u00ed tu propia valoraci\u00f3n.<\/em><\/h1><p class=\"cr-home-lead\">Entend\u00e9 los n\u00fameros, explor\u00e1 el an\u00e1lisis y pon\u00e9 a prueba tus supuestos. Todo dentro del mismo informe.<\/p><div class=\"cr-home-actions\"><a class=\"cr-home-button cr-home-primary\" href=\"https:\/\/cumbreresearch.com\/en\/demo-premium\/\">Probar la demo <svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M5 12h14M13 6l6 6-6 6\"\/><\/svg><\/a><a class=\"cr-home-button cr-home-outline\" href=\"https:\/\/cumbreresearch.com\/en\/crear-cuenta\/\">Crear cuenta Free<\/a><\/div><p class=\"cr-home-micro\">Demo p\u00fablica con Apple \u00b7 Sin tarjeta<\/p><a class=\"cr-home-jump\" href=\"#herramientas-cumbre\">Descubr\u00ed qu\u00e9 pod\u00e9s hacer <span aria-hidden=\"true\">\u2193<\/span><\/a><\/div><div class=\"cr-home-preview\" data-preview=\"{&quot;cases&quot;:[{&quot;growth&quot;:-5,&quot;value&quot;:72.65506735280276,&quot;sales&quot;:[416161,395352.94999999995,375585.30249999993,356806.0373749999,338965.7355062499,322017.4487309374],&quot;net&quot;:[112010,106349.94354999997,101032.44637249997,95980.82405387497,91181.78285118121,86622.69370862216]},{&quot;growth&quot;:0,&quot;value&quot;:90.5574290288217,&quot;sales&quot;:[416161,416161,416161,416161,416161,416161],&quot;net&quot;:[112010,111947.30900000001,111947.30900000001,111947.30900000001,111947.30900000001,111947.30900000001]},{&quot;growth&quot;:6.4,&quot;value&quot;:118.82799554323145,&quot;sales&quot;:[416161,442795.304,471134.203456,501286.79247718403,533369.1471957238,567504.7726162502],&quot;net&quot;:[112010,119111.93677600002,126735.10072966397,134846.1471763625,143476.30059564972,152658.78383377133]},{&quot;growth&quot;:12,&quot;value&quot;:149.3439955004125,&quot;sales&quot;:[416161,466100.32000000007,522032.35840000014,584676.2414080002,654837.3903769603,733417.8772221956],&quot;net&quot;:[112010,125380.98608,140426.7044096,157277.90893875205,176151.2580114023,197289.40897277062]}],&quot;years&quot;:[&quot;2025&quot;,&quot;2026e&quot;,&quot;2027e&quot;,&quot;2028e&quot;,&quot;2029e&quot;,&quot;2030e&quot;],&quot;base&quot;:{&quot;sales&quot;:416161,&quot;cost_of_sales&quot;:220960,&quot;gross_profit&quot;:195201,&quot;operating_expenses&quot;:62151,&quot;operating_income&quot;:133050,&quot;net_income&quot;:112010,&quot;cash_equivalents&quot;:35934,&quot;current_securities&quot;:18763,&quot;noncurrent_securities&quot;:77723,&quot;current_assets&quot;:147957,&quot;current_liabilities&quot;:165631,&quot;commercial_paper&quot;:7979,&quot;current_term_debt&quot;:12350,&quot;noncurrent_term_debt&quot;:78328,&quot;shares_outstanding_thousands&quot;:14773260,&quot;capital_expenditure&quot;:12715,&quot;depreciation_amortization&quot;:11698},&quot;defaults&quot;:{&quot;sales_growth&quot;:6.4,&quot;gross_margin&quot;:46.9,&quot;net_margin&quot;:26.9,&quot;capex_ratio&quot;:3.1,&quot;working_capital_ratio&quot;:-12.5,&quot;wacc&quot;:10,&quot;terminal_growth&quot;:2}}\"><div class=\"cr-home-preview-top\"><span class=\"cr-home-monogram\">C<span>\/<\/span>R<\/span><span>VISTA INTERACTIVA<\/span><span class=\"cr-home-preview-badge\">Demo<\/span><\/div><div class=\"cr-home-preview-company\"><div><span class=\"cr-home-symbol\">AAPL<\/span><h2>Apple<\/h2><p>Base: ejercicio 2025<\/p><\/div><span class=\"cr-home-model-tag\"><svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M4 6h16M4 12h16M4 18h16\"\/><circle cx=\"9\" cy=\"6\" r=\"2\"\/><circle cx=\"16\" cy=\"12\" r=\"2\"\/><circle cx=\"8\" cy=\"18\" r=\"2\"\/><\/svg> Tu escenario<\/span><\/div><div class=\"cr-home-preview-tabs\" role=\"tablist\" aria-label=\"Vista de la demostraci\u00f3n\"><button id=\"cr-home-projection-tab\" type=\"button\" role=\"tab\" aria-selected=\"true\" aria-controls=\"cr-home-projection\" data-home-tab=\"projection\">Proyecci\u00f3n<\/button><button id=\"cr-home-base-tab\" type=\"button\" role=\"tab\" aria-selected=\"false\" aria-controls=\"cr-home-base\" data-home-tab=\"base\" tabindex=\"-1\">Datos base<\/button><\/div><div id=\"cr-home-projection\" role=\"tabpanel\" aria-labelledby=\"cr-home-projection-tab\"><div class=\"cr-home-preview-result\"><div><span>Valor estimado por acci\u00f3n<\/span><strong id=\"cr-home-value\">USD 118,83<\/strong><\/div><span class=\"cr-home-estimate-label\">Proyecci\u00f3n ilustrativa<br>No es una cotizaci\u00f3n<\/span><\/div><div class=\"cr-home-chart\" id=\"cr-home-chart\" aria-label=\"Proyecci\u00f3n de ventas y resultado neto\"><\/div><div class=\"cr-home-chart-legend\"><span>Ventas<\/span><span>Resultado neto<\/span><small>USD millones<\/small><\/div><div class=\"cr-home-growth\"><div><label>Cambi\u00e1 el crecimiento anual de ventas<\/label><span>Probalo \u2193<\/span><\/div><div class=\"cr-home-growth-options\" role=\"group\" aria-label=\"Supuesto de crecimiento anual\"><button type=\"button\" data-home-case=\"0\" aria-pressed=\"false\">-5 %<\/button><button type=\"button\" data-home-case=\"1\" aria-pressed=\"false\">0 %<\/button><button type=\"button\" data-home-case=\"2\" aria-pressed=\"true\">+6,4 %<\/button><button type=\"button\" data-home-case=\"3\" aria-pressed=\"false\">+12 %<\/button><\/div><\/div><p class=\"cr-home-preview-note\">2026e\u20132030e son estimaciones. Los dem\u00e1s supuestos permanecen fijos. <a href=\"https:\/\/cumbreresearch.com\/en\/demo-premium\/\">Ver modelo completo \u2192<\/a><\/p><\/div><div id=\"cr-home-base\" role=\"tabpanel\" aria-labelledby=\"cr-home-base-tab\" hidden><div class=\"cr-home-base-title\"><span>Datos reportados<\/span><span>2025 \u00b7 USD millones<\/span><\/div><dl><div><dt>Ventas<\/dt><dd>416.161<\/dd><\/div><div><dt>Beneficio bruto<\/dt><dd>195.201<\/dd><\/div><div><dt>Resultado neto<\/dt><dd>112.010<\/dd><\/div><div><dt>Efectivo<\/dt><dd>35.934<\/dd><\/div><div><dt>Inversi\u00f3n en capital<\/dt><dd>12.715<\/dd><\/div><\/dl><p>Ejercicio cerrado el 27\/09\/2025. La demo utiliza esta base hist\u00f3rica.<\/p><a href=\"https:\/\/www.apple.com\/newsroom\/pdfs\/fy2025-q4\/FY25_Q4_Consolidated_Financial_Statements.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Estados financieros de Apple \u2197<\/a><\/div><p id=\"cr-home-preview-status\" class=\"screen-reader-text\" role=\"status\" aria-live=\"polite\"><\/p><\/div><\/div><div class=\"cr-home-container cr-home-motion-bar\"><div class=\"cr-home-capabilities\"><div class=\"cr-home-ticker-track\"><div class=\"cr-home-ticker-group\"><span>Datos financieros<\/span><i><\/i><span>Gr\u00e1ficos comparables<\/span><i><\/i><span>M\u00faltiplos<\/span><i><\/i><span>Valoraci\u00f3n editable<\/span><i><\/i><span>Escenarios privados<\/span><i><\/i><\/div><div class=\"cr-home-ticker-group\" aria-hidden=\"true\"><span>Datos financieros<\/span><i><\/i><span>Gr\u00e1ficos comparables<\/span><i><\/i><span>M\u00faltiplos<\/span><i><\/i><span>Valoraci\u00f3n editable<\/span><i><\/i><span>Escenarios privados<\/span><i><\/i><\/div><\/div><\/div><button type=\"button\" class=\"cr-home-motion-toggle\" aria-label=\"Pausar animaci\u00f3n del fondo y de la franja\" aria-pressed=\"false\" hidden><span aria-hidden=\"true\">\u2161<\/span><span class=\"cr-home-motion-label\">Pausar<\/span><\/button><\/div><\/section><section class=\"cr-home-container cr-home-section\" id=\"herramientas-cumbre\"><div class=\"cr-home-section-heading\" data-home-reveal><div><p class=\"cr-home-kicker\">DATOS Y CRITERIO EN CADA INFORME<\/p><h2>El an\u00e1lisis se vuelve<br>una herramienta de trabajo.<\/h2><\/div><p>Pas\u00e1 de leer una conclusi\u00f3n a entender c\u00f3mo se construye. Explor\u00e1 los datos y desarroll\u00e1 tu propia visi\u00f3n de cada empresa.<\/p><\/div><div class=\"cr-home-features\"><article class=\"cr-home-feature cr-home-feature-wide\" data-home-reveal><div class=\"cr-home-feature-label\"><svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M4 4h16v16H4zM4 9h16M10 4v16M4 14h16\"\/><\/svg><span>DATOS Y GR\u00c1FICOS<\/span><\/div><h3>Encontr\u00e1 la historia detr\u00e1s de los n\u00fameros.<\/h3><p>Cuenta de resultados, balance y flujos de efectivo. Pas\u00e1 de importes a variaciones anuales y combin\u00e1 m\u00e9tricas en un gr\u00e1fico de l\u00edneas.<\/p><div class=\"cr-home-metric-pills\"><span>Ventas <b>+<\/b><\/span><span>Costos <b>+<\/b><\/span><span>Resultado neto <b>+<\/b><\/span><span class=\"cr-home-format-pill\">$ <i>\u2194<\/i> %<\/span><\/div><div class=\"cr-home-feature-bottom\"><span>Comparaci\u00f3n de m\u00e9tricas \u00b7 Valores al se\u00f1alar cada punto<\/span><svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M3 3v18h18M7 15l4-5 4 2 6-8\"\/><\/svg><\/div><\/article><article class=\"cr-home-feature cr-home-feature-multiples\" data-home-reveal><div class=\"cr-home-feature-label\"><svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><circle cx=\"7\" cy=\"7\" r=\"3\"\/><circle cx=\"17\" cy=\"17\" r=\"3\"\/><path d=\"M20 4 4 20\"\/><\/svg><span>M\u00daLTIPLOS<\/span><\/div><h3>Pon\u00e9 el precio en contexto.<\/h3><p>Compar\u00e1 los m\u00faltiplos disponibles por fecha y empresa. Consult\u00e1 qu\u00e9 significa cada uno desde la misma tabla.<\/p><div class=\"cr-home-multiple-cloud\"><span>P\/E<\/span><span>EV\/EBITDA<\/span><span>P\/S<\/span><span>EV\/Sales<\/span><span>P\/B<\/span><\/div><span class=\"cr-home-feature-foot\">Historial de m\u00faltiplos en Pro<\/span><\/article><article class=\"cr-home-feature cr-home-feature-valuation\" data-home-reveal><div class=\"cr-home-feature-label\"><svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M4 6h16M4 12h16M4 18h16\"\/><circle cx=\"9\" cy=\"6\" r=\"2\"\/><circle cx=\"16\" cy=\"12\" r=\"2\"\/><circle cx=\"8\" cy=\"18\" r=\"2\"\/><\/svg><span>VALORACI\u00d3N PERSONAL \u00b7 PREMIUM<\/span><\/div><h3>Tu criterio tambi\u00e9n entra en el modelo.<\/h3><p>Ajust\u00e1 ventas, m\u00e1rgenes, inversi\u00f3n y capital de trabajo. Revis\u00e1 la proyecci\u00f3n completa de flujos y el cambio en el valor estimado.<\/p><div class=\"cr-home-driver-display\" aria-hidden=\"true\"><span>Ventas <i style=\"--fill:68%\"><\/i><\/span><span>M\u00e1rgenes <i style=\"--fill:45%\"><\/i><\/span><span>Inversi\u00f3n <i style=\"--fill:28%\"><\/i><\/span><\/div><a href=\"https:\/\/cumbreresearch.com\/en\/demo-premium\/\">Prob\u00e1 el modelo con Apple \u2192<\/a><\/article><article class=\"cr-home-feature\" data-home-reveal><div class=\"cr-home-feature-label\"><svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M6 3h9l4 4v14H6zM14 3v5h5M9 12h7M9 16h5\"\/><\/svg><span>RESEARCH INTEGRADO<\/span><\/div><h3>Del dato a la tesis de inversi\u00f3n.<\/h3><p>Consult\u00e1 el an\u00e1lisis escrito junto a los datos de la empresa. Volv\u00e9 a las revisiones publicadas para saber qu\u00e9 cambi\u00f3.<\/p><div class=\"cr-home-document\" aria-hidden=\"true\"><span>AN\u00c1LISIS<\/span><i><\/i><i><\/i><i><\/i><b>Negocio \u00b7 Valoraci\u00f3n \u00b7 Riesgos<\/b><\/div><\/article><article class=\"cr-home-feature\" data-home-reveal><div class=\"cr-home-feature-label\"><svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M5 3h14v18l-7-4-7 4z\"\/><\/svg><span>MI CUENTA<\/span><\/div><h3>Retom\u00e1 tu investigaci\u00f3n.<\/h3><p>Guard\u00e1 empresas, escrib\u00ed notas y marc\u00e1 tus lecturas. En Pro, volv\u00e9 a tus valoraciones y escenarios personales.<\/p><div class=\"cr-home-workspace-chips\"><span><i><\/i>Lectura pendiente<\/span><span><i><\/i>Informe le\u00eddo<\/span><\/div><a href=\"https:\/\/cumbreresearch.com\/en\/crear-cuenta\/\">Crear cuenta Free \u2192<\/a><\/article><\/div><p class=\"cr-home-availability\">Los datos y las herramientas dependen de lo que est\u00e9 cargado y revisado en cada informe. La informaci\u00f3n ausente se identifica como N\/D.<\/p><\/section><section class=\"cr-home-workflow\"><div class=\"cr-home-container\"><div class=\"cr-home-section-heading\" data-home-reveal><div><p class=\"cr-home-kicker\">UN MISMO INFORME. TU PROPIO RECORRIDO.<\/p><h2>De la primera lectura<br>a tu escenario guardado.<\/h2><\/div><a class=\"cr-home-inline-link\" href=\"https:\/\/cumbreresearch.com\/en\/demo-premium\/\">Ver c\u00f3mo funciona <svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M5 12h14M13 6l6 6-6 6\"\/><\/svg><\/a><\/div><div class=\"cr-home-steps\"><article data-home-reveal><span>01<\/span><h3>Entend\u00e9 la empresa<\/h3><p>Explor\u00e1 los estados financieros y el an\u00e1lisis publicado.<\/p><\/article><article data-home-reveal><span>02<\/span><h3>Contrast\u00e1 tus supuestos<\/h3><p>Compar\u00e1 m\u00e9tricas y modific\u00e1 las hip\u00f3tesis del modelo.<\/p><\/article><article data-home-reveal><span>03<\/span><h3>Guard\u00e1 tu valoraci\u00f3n<\/h3><p>Conserv\u00e1 tus escenarios Pro y retom\u00e1 el trabajo desde Mi cuenta.<\/p><\/article><\/div><\/div><\/section><section class=\"cr-home-container cr-home-section cr-home-library\"><div class=\"cr-home-section-heading\" data-home-reveal><div><p class=\"cr-home-kicker\">EMPEZ\u00c1 POR UNA EMPRESA<\/p><h2>Investigaci\u00f3n para explorar.<\/h2><\/div><a class=\"cr-home-inline-link\" href=\"https:\/\/cumbreresearch.com\/en\/informes\/\">Ver la biblioteca <svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M5 12h14M13 6l6 6-6 6\"\/><\/svg><\/a><\/div><div class=\"cr-home-report-grid\"><div data-home-reveal><article class=\"cr-card\"><div class=\"cr-card-top\"><span class=\"cr-eyebrow\">Investigaci\u00f3n<\/span><span class=\"cr-badge \">Lectura abierta<\/span><\/div><h3><a href=\"https:\/\/cumbreresearch.com\/en\/empresa\/vist\/\">Vista Energy, S.A.B. de C.V. (VIST)<\/a><\/h3><p>Consult\u00e1 el informe, su fecha de publicaci\u00f3n y las condiciones de acceso.<\/p><div class=\"cr-card-bottom\"><span>Publicado el 21\/09\/2026<\/span><a aria-label=\"Leer informe de Vista Energy, S.A.B. de C.V. (VIST)\" href=\"https:\/\/cumbreresearch.com\/en\/empresa\/vist\/\">Leer informe <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><div class=\"cr-card-save\"><a class=\"cr-save-link\" href=\"https:\/\/cumbreresearch.com\/wp-login.php?redirect_to=https%3A%2F%2Fcumbreresearch.com%2Fen%2Fmy-account%2F%3Fcr_view%3Dinformes\">Iniciar sesi\u00f3n para guardar<\/a><\/div><\/article><\/div><div data-home-reveal><article class=\"cr-card\"><div class=\"cr-card-top\"><span class=\"cr-eyebrow\">Investigaci\u00f3n<\/span><span class=\"cr-badge \">Lectura abierta<\/span><\/div><h3><a href=\"https:\/\/cumbreresearch.com\/en\/empresa\/viv\/\">TELEFONICA BRASIL S.A. (VIV)<\/a><\/h3><p>Consult\u00e1 el informe, su fecha de publicaci\u00f3n y las condiciones de acceso.<\/p><div class=\"cr-card-bottom\"><span>Publicado el 21\/09\/2026<\/span><a aria-label=\"Leer informe de TELEFONICA BRASIL S.A. (VIV)\" href=\"https:\/\/cumbreresearch.com\/en\/empresa\/viv\/\">Leer informe <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><div class=\"cr-card-save\"><a class=\"cr-save-link\" href=\"https:\/\/cumbreresearch.com\/wp-login.php?redirect_to=https%3A%2F%2Fcumbreresearch.com%2Fen%2Fmy-account%2F%3Fcr_view%3Dinformes\">Iniciar sesi\u00f3n para guardar<\/a><\/div><\/article><\/div><div data-home-reveal><article class=\"cr-card\"><div class=\"cr-card-top\"><span class=\"cr-eyebrow\">Investigaci\u00f3n<\/span><span class=\"cr-badge \">Lectura abierta<\/span><\/div><h3><a href=\"https:\/\/cumbreresearch.com\/en\/empresa\/vod\/\">VODAFONE GROUP PUBLIC LTD CO (VOD)<\/a><\/h3><p>Consult\u00e1 el informe, su fecha de publicaci\u00f3n y las condiciones de acceso.<\/p><div class=\"cr-card-bottom\"><span>Publicado el 21\/09\/2026<\/span><a aria-label=\"Leer informe de VODAFONE GROUP PUBLIC LTD CO (VOD)\" href=\"https:\/\/cumbreresearch.com\/en\/empresa\/vod\/\">Leer informe <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><div class=\"cr-card-save\"><a class=\"cr-save-link\" href=\"https:\/\/cumbreresearch.com\/wp-login.php?redirect_to=https%3A%2F%2Fcumbreresearch.com%2Fen%2Fmy-account%2F%3Fcr_view%3Dinformes\">Iniciar sesi\u00f3n para guardar<\/a><\/div><\/article><\/div><\/div><p class=\"cr-home-availability\">Cada publicaci\u00f3n conserva su fecha de an\u00e1lisis y sus condiciones de acceso. Las cotizaciones en tiempo real todav\u00eda no est\u00e1n incorporadas.<\/p><\/section><section class=\"cr-home-access\"><div class=\"cr-home-container\"><div class=\"cr-home-section-heading\" data-home-reveal><div><p class=\"cr-home-kicker\">ELEG\u00cd HASTA D\u00d3NDE QUER\u00c9S PROFUNDIZAR<\/p><h2>Empez\u00e1 con Free.<br>Desarroll\u00e1 tu an\u00e1lisis con Pro.<\/h2><\/div><p>Conoc\u00e9 el contenido antes de suscribirte. Prob\u00e1 el modelo p\u00fablico y eleg\u00ed el acceso que acompa\u00f1e tu forma de investigar.<\/p><\/div><div class=\"cr-home-access-grid\"><article data-home-reveal><div class=\"cr-home-access-head\"><span>PARA EMPEZAR<\/span><h3>Free<\/h3><p>Una cuenta para explorar y organizar.<\/p><\/div><ul><li>Informes de lectura abierta.<\/li><li>Estados financieros y ratios del \u00faltimo per\u00edodo disponible.<\/li><li>Gr\u00e1ficos de las series habilitadas.<\/li><li>Empresas guardadas, notas y estado de lectura.<\/li><\/ul><a class=\"cr-home-button cr-home-light-button\" href=\"https:\/\/cumbreresearch.com\/en\/crear-cuenta\/\">Crear cuenta Free <svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M5 12h14M13 6l6 6-6 6\"\/><\/svg><\/a><\/article><article class=\"cr-home-premium-access\" data-home-reveal><div class=\"cr-home-access-head\"><span>PARA PROFUNDIZAR<\/span><h3>Pro<\/h3><p>Research y herramientas para tu valoraci\u00f3n.<\/p><\/div><ul><li>Todo lo incluido en Free e informes Pro.<\/li><li>Ratios hist\u00f3ricos y evoluci\u00f3n de m\u00faltiplos.<\/li><li>Supuestos editables y proyecci\u00f3n de flujos.<\/li><li>Valoraciones y escenarios privados guardados.<\/li><\/ul><a class=\"cr-home-button cr-home-primary\" href=\"https:\/\/cumbreresearch.com\/en\/planes\/\">Ver planes y precios <svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M5 12h14M13 6l6 6-6 6\"\/><\/svg><\/a><\/article><\/div><p class=\"cr-home-availability\">Las valoraciones se habilitan en los informes que tienen un modelo disponible. Consult\u00e1 el alcance de cada plan antes de contratar.<\/p><\/div><\/section><section class=\"cr-home-container cr-home-final\" data-home-reveal><div><p class=\"cr-home-kicker\">PROBALO CON UNA EMPRESA REAL<\/p><h2>\u00bfQu\u00e9 cambia si cambian<br>tus supuestos?<\/h2><p>Explor\u00e1 la demo de Apple y miralo en los n\u00fameros.<\/p><\/div><a class=\"cr-home-button cr-home-primary\" href=\"https:\/\/cumbreresearch.com\/en\/demo-premium\/\">Construir mi primer escenario <svg viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\" aria-hidden=\"true\"><path d=\"M5 12h14M13 6l6 6-6 6\"\/><\/svg><\/a><\/section><\/div>\n    \n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-11","page","type-page","status-publish","hentry"],"_hostinger_reach_plugin_has_subscription_block":false,"_hostinger_reach_plugin_is_elementor":false,"_links":{"self":[{"href":"https:\/\/cumbreresearch.com\/en\/wp-json\/wp\/v2\/pages\/11","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cumbreresearch.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cumbreresearch.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cumbreresearch.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cumbreresearch.com\/en\/wp-json\/wp\/v2\/comments?post=11"}],"version-history":[{"count":18,"href":"https:\/\/cumbreresearch.com\/en\/wp-json\/wp\/v2\/pages\/11\/revisions"}],"predecessor-version":[{"id":1025,"href":"https:\/\/cumbreresearch.com\/en\/wp-json\/wp\/v2\/pages\/11\/revisions\/1025"}],"wp:attachment":[{"href":"https:\/\/cumbreresearch.com\/en\/wp-json\/wp\/v2\/media?parent=11"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}