Estados financieros detallados de Solowin Holdings Ordinary Share (AXG): 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
Solowin Holdings Ordinary Share registró ingresos de $3.6M en el último ejercicio fiscal, con un CAGR de 5 años del 88.2%.
Márgenes de los últimos 12 meses: margen bruto 18.6%, margen operativo -46.3%, margen neto -47.0%.
Al precio actual de $2.09, AXG presenta beneficios negativos (P/E no significativo) y un ROE del -0.91%. La capitalización bursátil es de $91M.
Cuenta de Resultados (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $152333 | $418268 | $568075 | $548405 | $361728 | $3.6M |
| Coste de Ventas | $48498 | $180872 | $5485 | $9585 | $86229 | $2.8M |
| Beneficio Bruto | $103834 | $237395 | $562589 | $538819 | $275499 | $766008 |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | 0 | 0 | 0 | 0 | 0 | 0 |
| Gastos Operativos | $153623 | $359047 | $398277 | $1.1M | $1.3M | $2.4M |
| Beneficio Operativo | -$49789 | -$121652 | $164312 | -$566170 | -$1.0M | -$1.7M |
| EBITDA | -$40889 | -$93905 | $174389 | -$558628 | -$1.1M | -$1.7M |
| Gastos por Intereses | $40759 | $29417 | 0 | 0 | $642 | 0 |
| Beneficio Antes de Impuestos | -$83196 | -$125763 | $172093 | -$562463 | -$1.1M | -$1.7M |
| Impuestos | 0 | 0 | 0 | $19809 | $2438 | 0 |
| Beneficio Neto | -$83196 | -$125763 | $172093 | -$582273 | -$1.1M | -$1.7M |
| BPA | $-0.00 | $-0.00 | $0.01 | $-0.02 | $-0.07 | $-0.01 |
| BPA Diluido | $-0.00 | $-0.00 | $0.01 | $-0.02 | $-0.07 | $-0.01 |
| Acciones en Circulación (Diluidas) | $27.6M | $27.6M | $27.6M | $27.6M | $16.1M | $124.9M |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q3 | 2025-Q1 | 2025-Q3 | 2026-Q1 |
|---|
| Ingresos | $135107 | $226813 | $747733 | $2.8M |
| Beneficio Bruto | $101938 | $173710 | $20480 | $647311 |
| Beneficio Operativo | -$769281 | -$522672 | -$594909 | -$1.1M |
| EBITDA | -$794509 | -$284287 | -$536545 | -$1.1M |
| Beneficio Neto | -$801041 | -$293545 | -$592861 | -$1.1M |
| BPA | $-0.03 | $-0.02 | $-0.01 | $-0.01 |
| BPA Diluido | $-0.03 | $-0.02 | $-0.01 | $-0.01 |
Balance (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $542000 | $977000 | $1.9M | $2.1M | $3.8M | $2.1M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | $286217 |
| Cuentas por Cobrar | $60325 | $971000 | $1.7M | $4.2M | $273000 | $14.4M |
| Inventario | $11.7M | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $13.2M | $9.1M | $9.7M | $12.8M | $9.7M | $4.3M |
| Inmovilizado Material | $305000 | $140000 | $283000 | $1.2M | $828000 | $349098 |
| Fondo de Comercio | $55767 | $55827 | $55847 | 0 | 0 | $47000 |
| Activos Intangibles | $8232 | $8172 | $8153 | $77000 | $86000 | $607000 |
| Activos Totales | $13.7M | $9.5M | $10.2M | $15.4M | $12.3M | $6.5M |
| Cuentas por Pagar | $12.0M | $7.3M | $6.3M | $5.1M | $5.0M | $2.8M |
| Deuda a Corto | 0 | 0 | 0 | 0 | $420000 | $5.2M |
| Pasivos Corrientes | $12.2M | $7.5M | $6.8M | $6.0M | $7.5M | $823193 |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $12.3M | $7.5M | $6.9M | $6.5M | $7.6M | $3.3M |
| Reservas | -$1.8M | -$2.8M | -$1.4M | -$6.0M | -$14.5M | -$3.5M |
| Patrimonio Neto | $1.5M | $2.0M | $3.3M | $8.9M | $4.7M | $3.2M |
| Deuda Total | $261000 | $98000 | $251000 | $1.1M | $1.1M | $980331 |
| Deuda Neta | -$281000 | -$879000 | -$1.7M | -$1.1M | -$2.8M | -$1.4M |
| Capital Circulante | $1.1M | $1.6M | $2.9M | $6.8M | $2.2M | $3.4M |
Balance (Trimestral)
| Año | 2024-Q3 | 2025-Q1 | 2025-Q3 | 2026-Q1 |
|---|
| Caja y Equivalentes | $2.5M | $3.8M | $8.8M | $2.1M |
| Activos Totales | $13.1M | $12.3M | $383.2M | $6.5M |
| Pasivos Totales | $7.1M | $7.6M | $14.2M | $3.3M |
| Patrimonio Neto | $6.0M | $4.7M | $369.0M | $3.2M |
| Deuda Total | $730000 | $1.1M | $2.0M | $980331 |
Flujo de Caja (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$83196 | -$125763 | $172093 | -$582273 | -$1.1M | -$1.7M |
| Amortizaciones | $1547 | $2440 | $2296 | $3834 | $12703 | $17682 |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | $1.5M | -$626503 | -$233200 | -$764138 | $533032 | -$1.1M |
| Flujo de Caja Operativo | $1.4M | -$737108 | -$56514 | -$716595 | -$135632 | -$2.2M |
| Inversiones (CapEx) | -$4771 | -$2181 | -$1015 | -$18024 | -$11287 | -$23836 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | $679641 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $1.4M | -$739290 | -$57530 | -$734620 | -$146920 | -$2.3M |
Flujo de Caja (Trimestral)
| Año | 2024-Q3 | 2025-Q1 | 2025-Q3 | 2026-Q1 |
|---|
| Flujo de Caja Operativo | $100402 | -$236310 | -$568799 | -$1.7M |
| Inversiones (CapEx) | -$2692 | -$8629 | -$381 | -$23472 |
| Flujo de Caja Libre | $97710 | -$244940 | -$569180 | -$1.7M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +174.6% | +35.8% | -3.5% | -34.0% | +893.6% |
| Crecimiento Beneficio Neto (anual) | | -51.2% | +236.8% | -438.3% | -88.2% | -54.1% |
| Crecimiento BPA (anual) | | -53.3% | +234.8% | -440.3% | -221.8% | +80.1% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | +0.0% | -41.5% | +674.4% |
| Crecimiento FCF (anual) | | -152.1% | +92.2% | -1176.9% | +80.0% | -1444.5% |
| Margen Bruto | 68.2% | 56.8% | 99.0% | 98.3% | 76.2% | 21.3% |
| Margen Operativo | -32.7% | -29.1% | 28.9% | -103.2% | -288.5% | -46.4% |
| Margen EBITDA | -26.8% | -22.5% | 30.7% | -101.9% | -298.5% | -46.9% |
| Margen Neto | -54.6% | -30.1% | 30.3% | -106.2% | -302.9% | -47.0% |
| Margen FCF | 932.2% | -176.8% | -10.1% | -134.0% | -40.6% | -63.1% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | 0.0% | -3.5% | -0.2% | -0.0% |
Datos por Acción (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $0.05 | $-0.03 | $-0.00 | $-0.03 | $-0.01 | $-0.02 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $27.6M | $27.6M | $27.6M | $27.6M | $16.1M | $124.9M |
Qué mirar en Servicios Financieros
Asset managers, brokers, fintech, bolsas. No son bancos — mira AUM, comisiones y calidad del FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — Los buenos asset managers tienen márgenes >30% por escalabilidad
- ROE — Servicios financieros de calidad tienen ROE >15% consistente
- FCF / Net Income — Calidad del beneficio — >90% esperado en negocios ligeros en capital
- Debt / Equity — Fintech y brokers con D/E alto son bombas de relojería en crisis
- P/E vs 5y propio — Asset managers tienen múltiplos estables en rangos conocidos
- Dividend yield + buybacks — Estos negocios devuelven mucho capital — mirar yield total (div + recompras)
Rentabilidad
| Rentabilidad sobre capital | -0.91% |
| Rentabilidad sobre capital invertido | -13.78% |
| Rentabilidad sobre activos | -26.11% |
| Margen bruto | 18.57% |
| Margen operativo | -46.35% |
| Margen neto | -46.95% |
Salud financiera
| Deuda / Patrimonio | 0.31 |
| Ratio corriente | 5.17 |
Ratios Clave (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -2026.67 | -1321.74 | 980.65 | -317.54 | -23.42 | -260.74 |
| P/VC | 114.57 | 83.86 | 50.20 | 20.71 | 5.42 | 136.92 |
| P/V | 1101.03 | 400.99 | 295.25 | 337.03 | 70.89 | 122.33 |
| Margen Bruto | 68.2% | 56.8% | 99.0% | 98.3% | 76.2% | 21.3% |
| Margen Operativo | -32.7% | -29.1% | 28.9% | -103.2% | -288.5% | -46.4% |
| Margen Neto | -54.6% | -30.1% | 30.3% | -106.2% | -302.9% | -47.0% |