Estados financieros detallados de Aeries Technology, Inc (AERT): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Márgenes de los últimos 12 meses: margen bruto 26.0%, margen operativo 9.2%, margen neto 3.7%.
Al precio actual de $6.77, AERT cotiza a un P/E de 14.09 y un ROE del -113.55%. La capitalización bursátil es de $39M.
Cuenta de Resultados (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $41.0M | $53.1M | $72.5M | $70.2M | $70.0M |
| Coste de Ventas | $29.0M | $39.4M | $50.9M | $53.5M | $52.7M |
| Beneficio Bruto | $12.0M | $13.7M | $21.6M | $16.7M | $17.3M |
| I+D | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $5.4M | $11.3M | $18.7M | $45.5M | $12.8M |
| Gastos Operativos | $5.4M | $11.3M | $18.7M | $45.5M | $12.8M |
| Beneficio Operativo | $6.6M | $2.3M | $3.0M | -$28.8M | $4.5M |
| EBITDA | $7.6M | $4.1M | $21.3M | -$20.5M | $6.8M |
| Gastos por Intereses | $444000 | $185000 | $462000 | $751000 | $463000 |
| Beneficio Antes de Impuestos | $6.0M | $2.8M | $19.1M | -$22.7M | $5.5M |
| Impuestos | $1.3M | $1.1M | $1.9M | -$1.1M | $2.0M |
| Beneficio Neto | $4.0M | $1.4M | $15.7M | -$19.7M | $2.6M |
| BPA | $-0.73 | $2.72 | $8.06 | $-3.66 | $0.42 |
| BPA Diluido | $-0.73 | $2.72 | $8.06 | $-3.66 | $0.42 |
| Acciones en Circulación (Diluidas) | $3.6M | $3.6M | $1.9M | $5.4M | $6.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $17.4M | $17.5M | $19.9M | $21.9M |
| Beneficio Bruto | $5.0M | $3.3M | $5.2M | $6.4M |
| Beneficio Operativo | $2.0M | $772000 | $939000 | $3.4M |
| EBITDA | $1.7M | $1.9M | $758000 | $3.4M |
| Beneficio Neto | $241000 | $1.1M | -$280000 | $1.8M |
| BPA | $0.04 | $0.18 | $-0.05 | $0.31 |
| BPA Diluido | $0.04 | $0.18 | $-0.05 | $0.27 |
Balance (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $351000 | $1.1M | $2.1M | $2.8M | $4.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $8.1M | $13.4M | $23.8M | $11.0M | $12.7M |
| Inventario | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $11.9M | $20.6M | $32.8M | $21.3M | $23.9M |
| Inmovilizado Material | $2.8M | $8.8M | $10.9M | $11.2M | $10.4M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $18.9M | $34.4M | $49.4M | $39.8M | $41.9M |
| Cuentas por Pagar | $841000 | $2.5M | $6.6M | $8.2M | $9.3M |
| Deuda a Corto | $220000 | $1.4M | $6.8M | $6.5M | $4.4M |
| Pasivos Corrientes | $6.6M | $12.5M | $38.1M | $32.4M | $30.7M |
| Deuda a Largo | $917000 | $969000 | $1.4M | $1.1M | $798000 |
| Pasivos Totales | $10.2M | $20.9M | $50.6M | $45.9M | $44.5M |
| Reservas | $4.9M | -$4.5M | -$11.7M | -$31.4M | -$28.9M |
| Patrimonio Neto | $7.6M | $12.2M | -$12.2M | -$5.8M | -$3.0M |
| Deuda Total | $2.0M | $8.8M | $16.4M | $17.9M | $14.5M |
| Deuda Neta | $1.6M | $7.7M | $14.3M | $15.1M | $9.6M |
| Capital Circulante | $5.3M | $8.1M | -$5.3M | -$11.1M | -$6.8M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $1.9M | $2.6M | $4.9M | $6.1M |
| Activos Totales | $40.5M | $42.0M | $41.9M | $41.2M |
| Pasivos Totales | $43.1M | $42.8M | $44.5M | $43.8M |
| Patrimonio Neto | -$2.9M | -$1.2M | -$3.0M | -$2.8M |
| Deuda Total | $16.7M | $14.4M | $14.5M | $11.2M |
Flujo de Caja (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | $4.7M | $1.7M | $17.3M | -$21.6M | $3.5M |
| Amortizaciones | $1.1M | $1.2M | $1.4M | $1.4M | $837000 |
| Compensación en Acciones | 0 | $3.8M | $1.6M | $12.7M | $293000 |
| Cambio en Capital Circulante | -$2.9M | -$4.3M | -$8.5M | $1.7M | $2.9M |
| Flujo de Caja Operativo | $3.2M | $2.1M | -$4.3M | -$1.0M | $6.8M |
| Inversiones (CapEx) | -$1.7M | -$1.6M | -$1.5M | -$1.5M | -$1.1M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | -$724000 | -$580000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $1.5M | $511000 | -$5.8M | -$2.5M | $5.7M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $1.0M | $2.4M | $2.0M | $4.8M |
| Inversiones (CapEx) | -$372000 | $631000 | -$259000 | -$279000 |
| Flujo de Caja Libre | $653000 | $3.0M | $1.8M | $4.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $293000 | 0 | 0 | $710000 |
Crecimiento y Márgenes (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +29.5% | +36.6% | -3.2% | -0.3% |
| Crecimiento Beneficio Neto (anual) | | -64.1% | +982.8% | -225.9% | +113.0% |
| Crecimiento BPA (anual) | | +472.6% | +196.3% | -145.4% | +111.5% |
| Cambio en Acciones (anual) | | +0.0% | -46.0% | +177.4% | +12.2% |
| Crecimiento FCF (anual) | | -66.2% | -1238.7% | +57.2% | +327.0% |
| Margen Bruto | 29.3% | 25.7% | 29.8% | 23.8% | 24.7% |
| Margen Operativo | 16.1% | 4.4% | 4.1% | -41.0% | 6.5% |
| Margen EBITDA | 18.5% | 7.8% | 29.4% | -29.2% | 9.7% |
| Margen Neto | 9.8% | 2.7% | 21.6% | -28.1% | 3.6% |
| Margen FCF | 3.7% | 1.0% | -8.0% | -3.6% | 8.1% |
| Tasa Impositiva Efectiva | 21.1% | 38.3% | 9.8% | 4.7% | 36.4% |
Datos por Acción (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $0.42 | $0.14 | $-3.00 | $-0.46 | $0.94 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $3.6M | $3.6M | $1.9M | $5.4M | $6.0M |
Qué mirar en Industrials
Aeroespacial, defensa, maquinaria, transporte. Semi-cíclicos. Clave: backlog, márgenes operativos, y conversión de FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — El mejor indicador de disciplina operativa en industriales
- ROIC — Industriales de calidad tienen ROIC >15% — el resto destruyen capital
- FCF conversion — FCF / Net Income — en industriales bueno >85%
- Deuda neta / EBITDA — Industriales cíclicos con deuda alta sufren mucho en recesión
- Capex / Ingresos — Mantener la maquinaria. <4% = posible infraversión (deterioro futuro)
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
Rentabilidad
| Rentabilidad sobre capital | -113.55% |
| Rentabilidad sobre capital invertido | 26.46% |
| Rentabilidad sobre activos | 6.84% |
| Margen bruto | 25.98% |
| Margen operativo | 9.21% |
| Margen neto | 3.68% |
Salud financiera
| Deuda / Patrimonio | -3.99 |
| Ratio corriente | 0.85 |
Ratios Clave (10 años)
| Año | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -107.95 | 30.44 | 2.50 | -1.27 | 5.95 |
| P/VC | 37.48 | 24.41 | -3.20 | -4.31 | -4.98 |
| P/V | 6.90 | 5.60 | 0.54 | 0.36 | 0.22 |
| Margen Bruto | 29.3% | 25.7% | 29.8% | 23.8% | 24.7% |
| Margen Operativo | 16.1% | 4.4% | 4.1% | -41.0% | 6.5% |
| Margen Neto | 9.8% | 2.7% | 21.6% | -28.1% | 3.6% |