Estados financieros detallados de Allegro MicroSystems, Inc. (ALGM): 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
Allegro MicroSystems, Inc. registró ingresos de $890.1M en el último ejercicio fiscal, con un CAGR de 5 años del 8.5%.
Márgenes de los últimos 12 meses: margen bruto 47.2%, margen operativo 6.2%, margen neto 1.5%. El flujo de caja libre creció a un CAGR del 9.3% en 5 años.
Al precio actual de $33.02, ALGM cotiza a un P/E de 414.89 y un ROE del 1.48%. La capitalización bursátil es de $6.2B.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $724.3M | $650.1M | $591.2M | $768.7M | $973.7M | $1.05B | $725.0M | $890.1M |
| Coste de Ventas | $404.5M | $388.8M | $312.3M | $361.2M | $427.6M | $474.8M | $403.5M | $477.5M |
| Beneficio Bruto | $319.8M | $261.3M | $278.9M | $407.5M | $546.1M | $574.5M | $321.5M | $412.6M |
| I+D | $107.6M | $102.1M | $108.6M | $121.9M | $150.8M | $176.6M | $179.6M | $198.7M |
| Generales y Administrativos | $112.2M | $106.4M | $153.5M | $150.9M | $194.7M | $188.4M | $161.7M | $171.3M |
| Gastos Operativos | $219.8M | $208.4M | $266.7M | $272.8M | $342.8M | $378.3M | $341.3M | $370.0M |
| Beneficio Operativo | $100.0M | $52.8M | $12.2M | $136.7M | $203.3M | $196.2M | -$19.8M | $42.7M |
| EBITDA | $160.6M | $117.4M | $50.7M | $191.8M | $264.5M | $276.9M | $9.2M | $86.1M |
| Gastos por Intereses | $1.2M | $110000 | $3.8M | $2.5M | $2.3M | $10.8M | $30.4M | $33.4M |
| Beneficio Antes de Impuestos | $99.4M | $53.3M | -$1.5M | $140.7M | $211.3M | $194.8M | -$85.7M | -$14.9M |
| Impuestos | $14.6M | $16.2M | -$19.6M | $21.2M | $23.9M | $41.9M | -$12.9M | -$248000 |
| Beneficio Neto | $84.7M | $37.0M | $18.0M | $119.4M | $187.4M | $152.7M | -$73.0M | -$14.9M |
| BPA | $0.45 | $0.20 | $0.09 | $0.63 | $0.98 | $0.79 | $-0.39 | $-0.08 |
| BPA Diluido | $0.45 | $0.20 | $0.09 | $0.62 | $0.97 | $0.78 | $-0.39 | $-0.08 |
| Acciones en Circulación (Diluidas) | $187.7M | $189.4M | $189.6M | $191.8M | $193.7M | $194.7M | $187.7M | $185.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $214.3M | $229.2M | $243.2M | $259.2M |
| Beneficio Bruto | $99.3M | $107.1M | $114.4M | $125.6M |
| Beneficio Operativo | $6.2M | $9.6M | $17.5M | $25.5M |
| EBITDA | $19.6M | $22.4M | $23.2M | $38.7M |
| Beneficio Neto | $6.5M | $8.3M | -$16.5M | $15.9M |
| BPA | $0.04 | $0.04 | $-0.09 | $0.09 |
| BPA Diluido | $0.04 | $0.04 | $-0.09 | $0.08 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $99.7M | $214.5M | $197.2M | $282.4M | $351.6M | $212.1M | $121.3M | $168.8M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $115.9M | $92.1M | $94.8M | $120.7M | $130.5M | $125.2M | $87.2M | $115.0M |
| Inventario | $130.9M | $127.2M | $87.5M | $86.2M | $151.3M | $162.3M | $183.9M | $181.8M |
| Activos Corrientes | $367.0M | $448.2M | $430.6M | $511.7M | $665.8M | $572.2M | $483.0M | $503.6M |
| Inmovilizado Material | $347.4M | $332.3M | $192.4M | $226.1M | $280.0M | $341.5M | $323.8M | $321.8M |
| Fondo de Comercio | $1.3M | $1.3M | $20.1M | $20.0M | $27.7M | $202.4M | $202.5M | $203.3M |
| Activos Intangibles | $17.7M | $20.0M | $36.4M | $36.0M | $52.4M | $276.9M | $262.1M | $238.7M |
| Activos Totales | $752.3M | $817.8M | $747.7M | $892.6M | $1.18B | $1.53B | $1.42B | $1.42B |
| Cuentas por Pagar | $29.1M | $25.3M | $35.4M | $29.8M | $56.3M | $37.6M | $38.7M | $44.4M |
| Deuda a Corto | $13.0M | $68.0M | 0 | 0 | 0 | $3.9M | $1.4M | $1.5M |
| Pasivos Corrientes | $103.9M | $150.1M | $116.7M | $104.2M | $165.3M | $117.9M | $112.3M | $145.9M |
| Deuda a Largo | $29.7M | $17.7M | $25.0M | $25.0M | $25.0M | $249.6M | $344.7M | $285.7M |
| Pasivos Totales | $162.5M | $183.7M | $160.8M | $157.3M | $214.3M | $398.9M | $489.9M | $459.7M |
| Reservas | $157.4M | $194.4M | $3.6M | $123.0M | $310.3M | $463.0M | -$53.6M | -$68.5M |
| Patrimonio Neto | $589.0M | $633.2M | $585.8M | $734.2M | $965.6M | $1.13B | $929.6M | $956.4M |
| Deuda Total | $42.7M | $85.7M | $25.0M | $41.5M | $42.5M | $275.2M | $368.5M | $287.3M |
| Deuda Neta | -$57.0M | -$128.8M | -$172.2M | -$240.9M | -$309.0M | $63.1M | $247.2M | $118.5M |
| Capital Circulante | $263.2M | $298.1M | $313.9M | $407.5M | $500.5M | $454.3M | $370.8M | $357.7M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $126.8M | $163.4M | $168.8M | $162.0M |
| Activos Totales | $1.38B | $1.42B | $1.42B | $1.41B |
| Pasivos Totales | $438.5M | $458.3M | $459.7M | $446.0M |
| Patrimonio Neto | $945.8M | $964.4M | $956.4M | $964.3M |
| Deuda Total | $323.9M | $322.8M | $287.3M | $287.2M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | $84.8M | $37.1M | $18.1M | $119.6M | $187.5M | $152.7M | -$72.8M | -$14.9M |
| Amortizaciones | $59.9M | $64.0M | $48.3M | $48.5M | $50.8M | $71.4M | $64.5M | $67.6M |
| Compensación en Acciones | $1.4M | $1.4M | $49.9M | $33.5M | $61.8M | $42.5M | $41.9M | 0 |
| Cambio en Capital Circulante | -$32.1M | -$20.8M | $4.0M | -$53.3M | -$55.5M | -$94.1M | -$8.9M | $55.7M |
| Flujo de Caja Operativo | $121.1M | $81.4M | $120.6M | $156.1M | $193.2M | $181.7M | $61.9M | $163.1M |
| Inversiones (CapEx) | -$98.3M | -$45.6M | -$40.7M | -$69.9M | -$79.8M | -$124.8M | -$40.0M | -$38.2M |
| Adquisiciones | $354000 | $3.9M | -$27.9M | -$14.5M | -$19.9M | -$408.1M | $319000 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | -$638000 | -$18.1M | $3.6M | -$853.9M | -$1.7M |
| Dividendos Pagados | 0 | 0 | -$400.0M | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $22.8M | $35.8M | $79.9M | $86.2M | $113.4M | $56.9M | $22.0M | $124.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $20.4M | $45.4M | $35.7M | $22.5M |
| Inversiones (CapEx) | -$6.4M | -$4.1M | -$17.0M | -$8.0M |
| Flujo de Caja Libre | $13.9M | $41.3M | $18.7M | $14.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | $12.8M | 0 | $14.1M |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | -10.2% | -9.1% | +30.0% | +26.7% | +7.8% | -30.9% | +22.8% |
| Crecimiento Beneficio Neto (anual) | | -56.4% | -51.4% | +565.1% | +56.9% | -18.5% | -147.8% | +79.6% |
| Crecimiento BPA (anual) | | -55.6% | -52.6% | +565.3% | +55.6% | -19.4% | -149.4% | +79.4% |
| Cambio en Acciones (anual) | | +0.9% | +0.1% | +1.2% | +1.0% | +0.5% | -3.6% | -1.3% |
| Crecimiento FCF (anual) | | +57.1% | +123.2% | +7.9% | +31.6% | -49.8% | -61.4% | +468.8% |
| Margen Bruto | 44.2% | 40.2% | 47.2% | 53.0% | 56.1% | 54.8% | 44.3% | 46.4% |
| Margen Operativo | 13.8% | 8.1% | 2.1% | 17.8% | 20.9% | 18.7% | -2.7% | 4.8% |
| Margen EBITDA | 22.2% | 18.1% | 8.6% | 24.9% | 27.2% | 26.4% | 1.3% | 9.7% |
| Margen Neto | 11.7% | 5.7% | 3.0% | 15.5% | 19.2% | 14.6% | -10.1% | -1.7% |
| Margen FCF | 3.1% | 5.5% | 13.5% | 11.2% | 11.7% | 5.4% | 3.0% | 14.0% |
| Tasa Impositiva Efectiva | 14.7% | 30.4% | 1347.5% | 15.1% | 11.3% | 21.5% | 15.1% | 1.7% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $0.12 | $0.19 | $0.42 | $0.45 | $0.59 | $0.29 | $0.12 | $0.67 |
| Dividendo por Acción | $0.00 | $0.00 | $2.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $187.7M | $189.4M | $189.6M | $189.7M | $191.2M | $192.6M | $187.7M | $185.3M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | 1.48% |
| Rentabilidad sobre capital invertido | 4.61% |
| Rentabilidad sobre activos | 1.01% |
| Margen bruto | 47.20% |
| Margen operativo | 6.22% |
| Margen neto | 1.50% |
Salud financiera
| Deuda / Patrimonio | 0.30 |
| Ratio corriente | 3.70 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 8.25 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | 39.33 | 88.50 | 266.84 | 46.32 | 48.97 | 34.13 | -63.74 | -374.16 |
| P/VC | 5.64 | 5.30 | 8.18 | 7.54 | 9.50 | 4.59 | 5.02 | 5.84 |
| P/V | 4.59 | 5.16 | 8.10 | 7.20 | 9.42 | 4.95 | 6.44 | 6.27 |
| Margen Bruto | 44.2% | 40.2% | 47.2% | 53.0% | 56.1% | 54.8% | 44.3% | 46.4% |
| Margen Operativo | 13.8% | 8.1% | 2.1% | 17.8% | 20.9% | 18.7% | -2.7% | 4.8% |
| Margen Neto | 11.7% | 5.7% | 3.0% | 15.5% | 19.2% | 14.6% | -10.1% | -1.7% |