Estados financieros detallados de Auna S.A. (AUNA): 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
Auna S.A. registró ingresos de $4.39B en el último ejercicio fiscal, con un CAGR de 5 años del 24.9%.
Márgenes de los últimos 12 meses: margen bruto 36.9%, margen operativo 13.2%, margen neto 0.3%. El flujo de caja libre creció a un CAGR del 42.7% en 5 años.
Al precio actual de $5.23, AUNA presenta beneficios negativos (P/E no significativo) y un ROE del 0.90%. La capitalización bursátil es de $387M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $722.8M | $861.2M | $1.38B | $1.44B | $1.92B | $2.45B | $3.88B | $4.39B | $4.39B |
| Coste de Ventas | $422.2M | $497.8M | $844.5M | $914.4M | $1.24B | $1.57B | $2.44B | $2.66B | $2.72B |
| Beneficio Bruto | $300.6M | $363.4M | $538.0M | $529.4M | $686.9M | $879.7M | $1.44B | $1.73B | $1.66B |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $219.2M | $265.3M | $349.7M | $376.7M | $523.9M | $586.7M | $777.4M | $860.6M | $897.1M |
| Gastos Operativos | $241.6M | $272.7M | $370.9M | $411.0M | $559.0M | $636.6M | $889.6M | $979.1M | $1.03B |
| Beneficio Operativo | $59.0M | $90.8M | $167.1M | $118.4M | $128.0M | $243.1M | $545.7M | $746.2M | $631.3M |
| EBITDA | $89.1M | $107.6M | $221.7M | $108.4M | $170.1M | $299.1M | $647.3M | $887.0M | $856.7M |
| Gastos por Intereses | $23.4M | $21.4M | $53.5M | $63.8M | $95.9M | $208.5M | $535.7M | $484.1M | $435.0M |
| Beneficio Antes de Impuestos | $35.7M | $54.2M | $115.1M | -$13.2M | -$3.1M | -$47.4M | -$124.2M | $183.8M | $199.3M |
| Impuestos | $15.1M | $17.5M | $41.2M | -$7.8M | $19.9M | $29.4M | $90.2M | $59.8M | $88.4M |
| Beneficio Neto | $22.1M | $36.2M | $72.7M | -$7.1M | -$26.5M | -$85.6M | -$253.9M | $110.3M | $97.6M |
| BPA | $0.59 | $0.97 | $1.69 | $-0.16 | $-0.55 | $-1.90 | $-5.78 | $1.64 | $3.06 |
| BPA Diluido | $0.59 | $0.97 | $1.69 | $-0.16 | $-0.55 | $-1.90 | $-5.78 | $1.63 | $3.06 |
| Acciones en Circulación (Diluidas) | $37.2M | $37.3M | $43.0M | $45.1M | $47.9M | $45.0M | $43.9M | $67.7M | $30.1M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $1.12B | $1.13B | $1.18B | $1.23B |
| Beneficio Bruto | $419.0M | $428.7M | $431.1M | $438.9M |
| Beneficio Operativo | $166.0M | $144.3M | $154.7M | $148.3M |
| EBITDA | $270.3M | $40.7M | $192.2M | $206.5M |
| Beneficio Neto | $48.0M | -$68.4M | $6.5M | $29.2M |
| BPA | $0.65 | $-2.12 | $0.09 | $0.41 |
| BPA Diluido | $0.65 | $-2.12 | $0.09 | $0.41 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $32.5M | $110.9M | $36.1M | $343.5M | $138.8M | $208.7M | $241.1M | $235.7M | $335.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | $93.1M | $100.2M | $30.2M |
| Cuentas por Cobrar | $70.0M | $238.1M | $285.6M | $370.6M | $352.7M | $574.2M | $860.9M | $961.9M | $1.06B |
| Inventario | $17.9M | $31.8M | $37.1M | $52.6M | $61.2M | $87.6M | $130.5M | $143.8M | $164.8M |
| Activos Corrientes | $156.0M | $446.8M | $441.9M | $836.2M | $671.3M | $1.20B | $1.55B | $1.70B | $1.84B |
| Inmovilizado Material | $451.2M | $794.6M | $956.7M | $1.20B | $1.35B | $2.46B | $2.71B | $2.41B | $2.40B |
| Fondo de Comercio | $20.6M | $193.4M | $188.1M | $197.7M | $185.0M | $1.81B | $2.07B | $1.75B | $1.80B |
| Activos Intangibles | $27.4M | $238.2M | $243.5M | $293.2M | $325.0M | $953.0M | $1.06B | $902.6M | $901.8M |
| Activos Totales | $697.2M | $1.74B | $1.89B | $2.65B | $2.82B | $6.59B | $7.69B | $7.08B | $7.30B |
| Cuentas por Pagar | $83.4M | $224.8M | $230.3M | $351.2M | $454.1M | $512.6M | $749.3M | $931.3M | $1.05B |
| Deuda a Corto | $71.2M | $109.8M | $182.2M | $18.4M | $29.7M | $2.04B | $385.3M | $654.2M | $316.3M |
| Pasivos Corrientes | $254.2M | $475.6M | $589.9M | $566.7M | $698.5M | $2.85B | $1.69B | $1.95B | $1.67B |
| Deuda a Largo | $108.7M | $544.9M | $487.0M | $1.19B | $1.32B | $1.31B | $3.38B | $2.97B | $3.22B |
| Pasivos Totales | $443.8M | $1.21B | $1.31B | $2.00B | $2.28B | $5.04B | $5.91B | $5.46B | $5.53B |
| Reservas | -$58.5M | -$38.2M | $17.2M | -$12.6M | -$45.5M | -$91.0M | -$366.9M | -$273.5M | $414.5M |
| Patrimonio Neto | $252.1M | $517.6M | $562.3M | $600.9M | $495.8M | $1.06B | $1.47B | $1.48B | $1.60B |
| Deuda Total | $244.7M | $747.5M | $848.2M | $1.35B | $1.49B | $3.51B | $3.92B | $3.77B | $3.66B |
| Deuda Neta | $212.2M | $636.7M | $812.1M | $1.01B | $1.35B | $3.30B | $3.59B | $3.43B | $3.29B |
| Capital Circulante | -$98.1M | -$28.8M | -$148.0M | $269.4M | -$27.2M | -$1.65B | -$140.2M | -$241.4M | $177.5M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $225.7M | $335.4M | $408.6M | $477.0M |
| Activos Totales | $7.28B | $7.30B | $7.69B | $7.78B |
| Pasivos Totales | $5.47B | $5.53B | $5.77B | $5.73B |
| Patrimonio Neto | $1.66B | $1.60B | $1.74B | $1.86B |
| Deuda Total | $3.70B | $3.66B | $3.82B | $3.72B |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $20.7M | $36.6M | $73.9M | -$5.4M | -$23.0M | -$76.8M | -$214.3M | $124.0M | $92.0M |
| Amortizaciones | $30.0M | $32.0M | $56.7M | $64.7M | $77.4M | $138.1M | $235.8M | $219.1M | $209.7M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 | 0 | $3.7M | $9.1M | 0 |
| Cambio en Capital Circulante | $2.3M | $4.3M | -$63.8M | $2.3M | $49.0M | -$174.1M | -$140.5M | -$172.6M | -$49.1M |
| Flujo de Caja Operativo | $95.9M | $109.3M | $152.4M | $156.3M | $183.3M | $162.6M | $582.4M | $668.5M | $242.8M |
| Inversiones (CapEx) | -$5.3M | -$39.0M | -$104.6M | -$128.9M | -$289.4M | -$152.0M | -$165.2M | -$90.9M | -$81.1M |
| Adquisiciones | 0 | -$533.7M | 0 | $259000 | -$3.9M | -$2.95B | -$96.1M | -$47.2M | $6.1M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | -$10.0M | -$10.0M | -$10.0M | 0 | -$131000 | -$6.8M | -$1.1M | 0 |
| Flujo de Caja Libre | $90.6M | $70.3M | $47.8M | $27.4M | -$106.0M | $10.7M | $417.2M | $577.6M | $161.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $188.6M | $92.4M | $174.9M | $139.9M |
| Inversiones (CapEx) | -$18.4M | -$22.3M | -$34.0M | -$17.4M |
| Flujo de Caja Libre | $170.1M | $70.1M | $140.9M | $122.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | $1.9M | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +19.2% | +60.5% | +4.4% | +33.2% | +27.4% | +58.1% | +13.2% | -0.0% |
| Crecimiento Beneficio Neto (anual) | | +64.0% | +100.9% | -109.8% | -272.6% | -223.4% | -196.6% | +143.4% | -11.5% |
| Crecimiento BPA (anual) | | +64.4% | +74.2% | -109.5% | -243.8% | -245.5% | -204.2% | +128.4% | +86.6% |
| Cambio en Acciones (anual) | | +0.5% | +15.2% | +5.0% | +6.1% | -6.0% | -2.5% | +54.0% | -55.5% |
| Crecimiento FCF (anual) | | -22.4% | -32.0% | -42.8% | -487.3% | +110.1% | +3809.7% | +38.4% | -72.0% |
| Margen Bruto | 41.6% | 42.2% | 38.9% | 36.7% | 35.7% | 35.9% | 37.0% | 39.3% | 37.9% |
| Margen Operativo | 8.2% | 10.5% | 12.1% | 8.2% | 6.7% | 9.9% | 14.1% | 17.0% | 14.4% |
| Margen EBITDA | 12.3% | 12.5% | 16.0% | 7.5% | 8.8% | 12.2% | 16.7% | 20.2% | 19.5% |
| Margen Neto | 3.1% | 4.2% | 5.3% | -0.5% | -1.4% | -3.5% | -6.6% | 2.5% | 2.2% |
| Margen FCF | 12.5% | 8.2% | 3.5% | 1.9% | -5.5% | 0.4% | 10.8% | 13.2% | 3.7% |
| Tasa Impositiva Efectiva | 42.2% | 32.4% | 35.8% | 59.3% | -636.5% | -61.9% | -72.6% | 32.5% | 44.3% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $2.44 | $1.88 | $1.11 | $0.61 | $-2.21 | $0.24 | $9.50 | $8.54 | $5.37 |
| Dividendo por Acción | $0.00 | $0.27 | $0.23 | $0.22 | $0.00 | $0.00 | $0.16 | $0.02 | $0.00 |
| Acciones en Circulación (Básicas) | $37.2M | $37.3M | $43.0M | $45.1M | $47.9M | $45.0M | $43.9M | $67.7M | $30.1M |
Qué mirar en Salud / Farma
El pipeline de I+D es el activo invisible. Patentes que caducan = ingresos que evaporan. Mira innovación y flujo de caja.
- I+D / Ingresos — Indica inversión en pipeline futuro. Farma seria reinvierte 15-20%
- Crecimiento EPS 5y — Tras caducidad de patentes, ¿siguen creciendo?
- Margen bruto — Farma de marca >70%. Genéricos mucho más bajo — define el tipo de negocio
- FCF / Net Income — Calidad del beneficio — farma grande debería convertir >90%
- ROIC — Capital reinvertido con eficiencia — clave en farma por ciclos de I+D largos
- Deuda neta / EBITDA — Adquisiciones de farma generan mucha deuda — ojo al post-M&A
- P/E vs historial 10y propio — La mejor comparación es con su propia historia, no con competidores
Rentabilidad
| Rentabilidad sobre capital | 0.90% |
| Rentabilidad sobre capital invertido | 3.72% |
| Rentabilidad sobre activos | 0.20% |
| Margen bruto | 36.90% |
| Margen operativo | 13.18% |
| Margen neto | 0.33% |
Salud financiera
| Deuda / Patrimonio | 2.01 |
| Ratio corriente | 1.08 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 52.62 | 33.30 | 18.81 | -217.14 | -69.56 | -19.21 | -6.16 | 15.77 | 5.41 |
| P/VC | 4.58 | 2.33 | 2.43 | 2.61 | 3.70 | 1.54 | 1.07 | 1.18 | 0.31 |
| P/V | 1.60 | 1.40 | 0.99 | 1.09 | 0.95 | 0.67 | 0.40 | 0.40 | 0.11 |
| Margen Bruto | 41.6% | 42.2% | 38.9% | 36.7% | 35.7% | 35.9% | 37.0% | 39.3% | 37.9% |
| Margen Operativo | 8.2% | 10.5% | 12.1% | 8.2% | 6.7% | 9.9% | 14.1% | 17.0% | 14.4% |
| Margen Neto | 3.1% | 4.2% | 5.3% | -0.5% | -1.4% | -3.5% | -6.6% | 2.5% | 2.2% |