Estados financieros detallados de Ames National Corporation (ATLO): 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
Ames National Corporation registró ingresos de $98.3M en el último ejercicio fiscal, con un CAGR de 5 años del 6.0%. El beneficio neto alcanzó $19.0M, con un CAGR a 5 años del 0.2%.
Márgenes de los últimos 12 meses: margen bruto 71.0%, margen operativo 28.3%, margen neto 22.6%. El flujo de caja libre creció a un CAGR del -6.2% en 5 años.
Al precio actual de $32.13, ATLO cotiza a un P/E de 12.51 y un ROE del 9.15%. La capitalización bursátil es de $285M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $52.1M | $53.8M | $57.6M | $64.8M | $73.6M | $71.0M | $71.2M | $83.5M | $92.4M | $98.3M |
| Coste de Ventas | $4.7M | $7.1M | $8.2M | $12.2M | $13.8M | $3.7M | $7.4M | $30.5M | $38.2M | $33.1M |
| Beneficio Bruto | $47.5M | $46.7M | $49.4M | $52.6M | $59.8M | $67.3M | $63.8M | $53.1M | $54.2M | $65.1M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $16.2M | $16.4M | $18.5M | $19.9M | $23.2M | $22.9M | $23.5M | $24.8M | $26.3M | $21.2M |
| Gastos Operativos | $24.9M | $25.4M | $28.0M | $31.5M | $36.6M | $36.6M | $38.6M | $40.2M | $42.0M | $41.9M |
| Beneficio Operativo | $22.5M | $21.3M | $21.4M | $21.0M | $23.2M | $30.7M | $25.2M | $12.9M | $12.2M | $23.2M |
| EBITDA | $24.1M | $22.8M | $23.0M | $22.9M | $25.5M | $32.7M | $27.2M | $14.6M | $13.9M | $24.7M |
| Gastos por Intereses | $4.1M | $5.6M | $7.6M | $10.9M | $8.1M | $4.5M | $8.3M | $29.7M | $37.6M | $31.4M |
| Beneficio Antes de Impuestos | $22.5M | $21.3M | $21.4M | $21.0M | $23.2M | $30.7M | $25.2M | $12.9M | $12.2M | $23.9M |
| Impuestos | $6.8M | $7.6M | $4.4M | $3.8M | $4.4M | $6.8M | $5.9M | $2.1M | $2.0M | $4.8M |
| Beneficio Neto | $15.7M | $13.7M | $17.0M | $17.2M | $18.9M | $23.9M | $19.3M | $10.8M | $10.2M | $19.0M |
| BPA | $1.69 | $1.47 | $1.83 | $1.86 | $2.06 | $2.62 | $2.14 | $1.20 | $1.14 | $2.14 |
| BPA Diluido | $1.69 | $1.47 | $1.83 | $1.86 | $2.06 | $2.62 | $2.14 | $1.20 | $1.14 | $2.14 |
| Acciones en Circulación (Diluidas) | $9.3M | $9.3M | $9.3M | $9.2M | $9.1M | $9.1M | $9.0M | $9.0M | $9.0M | $8.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $24.4M | $26.1M | $25.0M | $26.0M |
| Beneficio Bruto | $16.0M | $18.7M | $18.6M | $18.9M |
| Beneficio Operativo | $5.7M | $7.6M | $7.7M | $7.7M |
| EBITDA | $6.1M | $7.9M | $8.1M | $7.7M |
| Beneficio Neto | $4.6M | $6.5M | $6.0M | $5.9M |
| BPA | $0.51 | $0.73 | $0.67 | $0.67 |
| BPA Diluido | $0.51 | $0.73 | $0.67 | $0.67 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $61.2M | $69.4M | $56.4M | $143.6M | $191.5M | $106.1M | $42.6M | $64.0M | $107.4M | $20.5M |
| Inversiones a Corto | $516.1M | $495.3M | $459.0M | $479.8M | $597.0M | $831.0M | $786.4M | $736.4M | $194.8M | $656.0M |
| Cuentas por Cobrar | $7.8M | $8.4M | $9.4M | $11.8M | $11.1M | $10.1M | $11.3M | $13.0M | $13.9M | $1.28B |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $585.1M | $573.1M | $524.8M | $635.2M | $799.7M | $947.2M | $840.3M | $813.3M | $316.0M | $1.96B |
| Inmovilizado Material | $16.0M | $15.4M | $15.8M | $17.8M | $17.3M | $17.5M | $18.9M | $22.5M | $21.6M | $20.9M |
| Fondo de Comercio | $6.7M | $6.7M | $9.7M | $12.1M | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M | $12.4M |
| Activos Intangibles | $1.4M | $1.1M | $2.7M | $4.0M | $3.1M | $2.5M | $1.9M | $1.4M | $1.1M | $791000 |
| Activos Totales | $1.37B | $1.38B | $1.46B | $1.74B | $1.98B | $2.14B | $2.13B | $2.16B | $2.13B | $2.13B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | $666000 | $4.7M | $3.2M | 0 |
| Deuda a Corto | $58.3M | $37.4M | $40.7M | $42.0M | $37.3M | $39.9M | $40.7M | $54.0M | $52.4M | $38.8M |
| Pasivos Corrientes | $1.17B | $1.18B | $1.27B | $1.54B | $1.76B | $1.92B | $1.94B | $1.87B | $1.90B | $395.1M |
| Deuda a Largo | $27.5M | $26.5M | $14.6M | $5.0M | $3.0M | $3.0M | $39.1M | $110.6M | $47.0M | $21.4M |
| Pasivos Totales | $1.20B | $1.20B | $1.28B | $1.55B | $1.77B | $1.93B | $1.99B | $1.99B | $1.96B | $1.93B |
| Reservas | $126.2M | $131.7M | $137.9M | $146.2M | $158.2M | $170.4M | $179.9M | $180.4M | $182.2M | $196.0M |
| Patrimonio Neto | $165.1M | $170.8M | $172.9M | $187.6M | $209.5M | $207.8M | $149.1M | $165.8M | $174.7M | $207.9M |
| Deuda Total | $85.8M | $63.9M | $55.3M | $47.0M | $40.3M | $42.9M | $79.8M | $164.6M | $99.4M | $60.2M |
| Deuda Neta | -$491.5M | -$500.8M | -$460.1M | -$576.4M | -$748.2M | -$894.2M | -$749.2M | -$635.8M | -$202.8M | -$616.3M |
| Capital Circulante | -$586.8M | -$602.6M | -$741.3M | -$907.2M | -$961.8M | -$976.7M | -$1.10B | -$1.06B | -$1.59B | $1.56B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $113.8M | $20.5M | $21.4M | $107.2M |
| Activos Totales | $2.11B | $2.13B | $2.14B | $2.12B |
| Pasivos Totales | $1.91B | $1.93B | $1.93B | $1.91B |
| Patrimonio Neto | $200.6M | $207.9M | $207.6M | $213.1M |
| Deuda Total | $64.1M | $60.2M | $54.9M | $47.4M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $15.7M | $13.7M | $17.0M | $17.2M | $18.9M | $23.9M | $19.3M | $10.8M | $10.2M | $19.0M |
| Amortizaciones | $1.6M | $1.5M | $1.6M | $1.8M | $2.3M | $2.0M | $2.0M | $1.8M | $1.7M | $264000 |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | $608357 | -$1.2M | $185181 | $621348 | $1.5M | -$5000 | -$3.1M | $2.9M | $345000 | -$368000 |
| Flujo de Caja Operativo | $21.4M | $18.8M | $20.7M | $20.2M | $29.7M | $30.5M | $21.2M | $19.2M | $14.3M | $21.3M |
| Inversiones (CapEx) | -$680101 | -$626385 | -$631503 | -$780440 | -$1.2M | -$1.9M | -$2.9M | -$4.9M | -$298000 | -$642000 |
| Adquisiciones | 0 | 0 | -$13.4M | -$19.1M | -$310000 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | -$452220 | -$1.8M | -$2.0M | -$710000 | -$2.3M | 0 | -$704000 | -$1.7M |
| Dividendos Pagados | -$7.7M | -$8.1M | -$10.8M | -$8.8M | -$9.1M | -$9.4M | -$9.7M | -$9.7M | -$9.1M | -$7.1M |
| Flujo de Caja Libre | $20.7M | $18.2M | $20.1M | $19.4M | $28.5M | $28.6M | $18.4M | $14.3M | $14.0M | $20.7M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $2.8M | $7.5M | $8.4M | $3.4M |
| Inversiones (CapEx) | -$101000 | $411000 | -$405000 | -$273000 |
| Flujo de Caja Libre | $2.6M | $7.9M | $8.0M | $3.2M |
| Dividendos Pagados | -$1.8M | -$1.8M | -$2.1M | -$2.1M |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +3.2% | +7.1% | +12.5% | +13.5% | -3.5% | +0.3% | +17.2% | +10.7% | +6.3% |
| Crecimiento Beneficio Neto (anual) | | -12.9% | +24.2% | +1.1% | +9.6% | +26.9% | -19.3% | -43.9% | -5.5% | +86.2% |
| Crecimiento BPA (anual) | | -13.0% | +24.5% | +1.6% | +10.8% | +27.2% | -18.3% | -43.9% | -5.0% | +87.7% |
| Cambio en Acciones (anual) | | +0.1% | -0.1% | -0.8% | -1.0% | -0.4% | -0.9% | -0.5% | -0.0% | -0.8% |
| Crecimiento FCF (anual) | | -12.1% | +10.2% | -3.4% | +46.7% | +0.5% | -35.7% | -22.1% | -2.2% | +47.8% |
| Margen Bruto | 91.1% | 86.8% | 85.7% | 81.1% | 81.3% | 94.8% | 89.6% | 63.5% | 58.7% | 66.3% |
| Margen Operativo | 43.2% | 39.6% | 37.2% | 32.5% | 31.6% | 43.2% | 35.3% | 15.4% | 13.2% | 23.6% |
| Margen EBITDA | 46.3% | 42.4% | 39.9% | 35.3% | 34.7% | 46.0% | 38.1% | 17.5% | 15.1% | 25.1% |
| Margen Neto | 30.2% | 25.5% | 29.5% | 26.5% | 25.6% | 33.7% | 27.1% | 13.0% | 11.1% | 19.4% |
| Margen FCF | 39.8% | 33.9% | 34.8% | 29.9% | 38.7% | 40.3% | 25.8% | 17.1% | 15.1% | 21.1% |
| Tasa Impositiva Efectiva | 30.2% | 35.6% | 20.6% | 18.3% | 18.9% | 22.0% | 23.3% | 16.1% | 16.5% | 20.3% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $2.23 | $1.96 | $2.16 | $2.10 | $3.11 | $3.14 | $2.03 | $1.59 | $1.56 | $2.32 |
| Dividendo por Acción | $0.83 | $0.87 | $1.16 | $0.95 | $0.99 | $1.03 | $1.07 | $1.08 | $1.01 | $0.80 |
| Acciones en Circulación (Básicas) | $9.3M | $9.3M | $9.3M | $9.2M | $9.1M | $9.1M | $9.0M | $9.0M | $9.0M | $8.9M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 9.15% |
| Rentabilidad sobre capital invertido | 1.13% |
| Rentabilidad sobre activos | 0.89% |
| Margen bruto | 71.04% |
| Margen operativo | 28.32% |
| Margen neto | 22.64% |
Salud financiera
| Deuda / Patrimonio | 0.22 |
| Ratio corriente | 0.43 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 19.53 | 18.95 | 13.89 | 15.09 | 11.66 | 9.35 | 11.03 | 17.78 | 14.41 | 10.73 |
| P/VC | 1.86 | 1.52 | 1.37 | 1.38 | 1.05 | 1.07 | 1.43 | 1.16 | 0.85 | 0.99 |
| P/V | 5.89 | 4.82 | 4.10 | 4.00 | 2.99 | 3.14 | 2.99 | 2.30 | 1.60 | 2.09 |
| Margen Bruto | 91.1% | 86.8% | 85.7% | 81.1% | 81.3% | 94.8% | 89.6% | 63.5% | 58.7% | 66.3% |
| Margen Operativo | 43.2% | 39.6% | 37.2% | 32.5% | 31.6% | 43.2% | 35.3% | 15.4% | 13.2% | 23.6% |
| Margen Neto | 30.2% | 25.5% | 29.5% | 26.5% | 25.6% | 33.7% | 27.1% | 13.0% | 11.1% | 19.4% |