We use the Economic Value Added (EVA) tool to determine the fair or intrinsic value of the assessed companies, generating value for shareholders, deriving the appreciation potential, time of maturity and when to exit an investment.

EVA is a tool primarily used in the management and evaluation of companies’ projects, assessment of executive management and on the appropriateness of their compensation (notably the variable portion) the return on capital employed less the cost of capital (weighted between own of shareholders and third parties), and consequently, the generation of shareholder value.

Allied to the constructive engagement process, we look to influence controlling shareholders, directors and executives whenever possible to use the EVA tool, aligning the interests of executives, controlling and minority shareholders. In other words, forming a “trígono” (triangle) of excellence in management, governance and value creation for all shareholders.