Estados financieros detallados de BCP Investment Corporation (BCIC): 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
BCP Investment Corporation registró ingresos de $39.7M en el último ejercicio fiscal, con un CAGR de 5 años del -3.6%. El beneficio neto alcanzó $11.5M, con un CAGR a 5 años del -18.3%.
Márgenes de los últimos 12 meses: margen bruto 79.1%, margen operativo 20.6%, margen neto -6.2%. El flujo de caja libre creció a un CAGR del -11.3% en 5 años.
Al precio actual de $7.02, BCIC presenta beneficios negativos (P/E no significativo) y un ROE del -1.95%. La capitalización bursátil es de $87M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $16.8M | $24.8M | $7.7M | $8.9M | $47.7M | $52.4M | $6.0M | $43.4M | $20.7M | $39.7M |
| Coste de Ventas | $9.1M | $7.7M | $7.4M | $8.3M | $10.3M | $13.6M | $17.7M | $25.3M | $20.8M | $11.4M |
| Beneficio Bruto | $7.7M | $17.1M | $304424 | $607000 | $37.5M | $38.8M | -$11.7M | $18.0M | -$98000 | $28.3M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $4.5M | $5.0M | $5.7M | $8.3M | $6.6M | $9.4M | $8.5M | $6.7M | $6.0M | $3.5M |
| Gastos Operativos | $8.8M | $13.7M | $9.9M | $13.1M | $5.9M | $11.3M | $8.5M | $7.1M | $6.7M | -$4.1M |
| Beneficio Operativo | -$1.0M | $3.4M | -$9.6M | -$12.5M | $31.6M | $27.5M | -$20.2M | $11.0M | -$6.8M | $32.5M |
| EBITDA | -$1.0M | $3.4M | -$9.6M | -$12.7M | $31.6M | $35.9M | -$2.3M | $11.0M | -$6.8M | $32.1M |
| Gastos por Intereses | $9.1M | $7.7M | $7.4M | $8.3M | $10.3M | $13.6M | $17.7M | $25.3M | $20.8M | $20.6M |
| Beneficio Antes de Impuestos | -$1.0M | $3.4M | -$9.6M | -$12.5M | $31.6M | $27.5M | -$20.2M | $11.0M | -$6.8M | $11.5M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | $1.4M | $786000 | -$414000 | -$853000 | 0 |
| Beneficio Neto | -$1.0M | $3.4M | -$9.6M | -$12.5M | $31.6M | $26.0M | -$21.0M | $11.4M | -$5.9M | $11.5M |
| BPA | $-0.28 | $0.90 | $-2.56 | $-3.32 | $6.32 | $3.05 | $-2.18 | $1.20 | $-0.64 | $1.04 |
| BPA Diluido | $-0.28 | $0.90 | $-2.56 | $-3.32 | $6.32 | $3.05 | $-2.18 | $1.20 | $-0.64 | $1.04 |
| Acciones en Circulación (Diluidas) | $3.7M | $3.7M | $3.7M | $3.8M | $5.0M | $8.5M | $9.6M | $9.5M | $9.3M | $11.1M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $28.9M | $14.7M | $15.6M | $4.7M |
| Beneficio Bruto | $23.4M | $12.2M | $12.5M | $2.5M |
| Beneficio Operativo | $21.7M | -$616000 | -$4.3M | -$3.6M |
| EBITDA | $23.1M | -$978000 | -$4.3M | -$4.0M |
| Beneficio Neto | $23.6M | -$7.5M | -$10.2M | -$9.9M |
| BPA | $1.88 | $-0.60 | $-0.82 | $-0.80 |
| BPA Diluido | $1.86 | $-0.60 | $-0.82 | $-0.80 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.3M | $2.0M | $5.4M | $136864 | $7.0M | $28.9M | $5.1M | $26.9M | $17.5M | $3.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $4.6M | $5.3M | $2.4M | $26.3M | $28.4M | $26.2M | $7.2M | $7.3M | $7.5M | 0 |
| Inventario | $2.34T | $80.39T | $56.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $2.34T | $80.39T | $7.8M | $26.4M | $35.4M | $55.1M | $12.3M | $34.2M | $25.0M | $3.7M |
| Inmovilizado Material | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $381.4M | $319.8M | $285.5M | $310.4M | $600.2M | $648.3M | $619.5M | $549.2M | $453.6M | $523.6M |
| Cuentas por Pagar | $10.9M | $36.6M | $26.9M | $136486 | $1.1M | $7.4M | $5.0M | $4.4M | $3.6M | $4.0M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $10.9M | $36.6M | $26.9M | $136486 | $1.1M | $7.4M | $5.0M | $4.4M | $3.6M | $5.9M |
| Deuda a Largo | 0 | 0 | 0 | $153.9M | $373.3M | $347.2M | $373.3M | $322.4M | $265.1M | $306.9M |
| Pasivos Totales | $186.4M | $138.0M | $127.4M | $158.2M | $383.9M | $368.2M | $387.4M | $335.7M | $275.1M | $314.5M |
| Reservas | -$14.6M | -$10.0M | -$149.1M | -$299.6M | -$422.9M | -$453.1M | -$504.8M | -$504.4M | -$535.9M | -$602.1M |
| Patrimonio Neto | $194.9M | $181.8M | $158.0M | $152.2M | $216.3M | $280.1M | $232.1M | $213.5M | $178.5M | $209.2M |
| Deuda Total | $175.6M | $101.4M | $100.4M | $153.9M | $373.3M | $347.2M | $373.3M | $322.4M | $265.1M | $306.9M |
| Deuda Neta | $174.3M | $99.4M | $95.0M | $153.7M | $366.3M | $318.3M | $368.2M | $295.5M | $247.6M | $303.2M |
| Capital Circulante | $2.34T | $80.39T | -$19.2M | $26.3M | $34.3M | $47.7M | $7.3M | $29.7M | $21.3M | -$2.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $2.8M | $3.7M | $51.8M | $2.5M |
| Activos Totales | $567.8M | $523.6M | $543.9M | $469.4M |
| Pasivos Totales | $336.5M | $314.5M | $350.9M | $290.0M |
| Patrimonio Neto | $231.3M | $209.2M | $193.0M | $179.5M |
| Deuda Total | $321.7M | $306.9M | $336.4M | $280.8M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$1.0M | $3.4M | -$9.6M | -$12.5M | $31.6M | $26.0M | -$21.0M | $11.4M | -$5.9M | $11.5M |
| Amortizaciones | 0 | 0 | 0 | -$165039 | -$6.81B | $8.4M | $17.9M | 0 | 0 | $1.6M |
| Compensación en Acciones | 0 | 0 | 0 | $258.94B | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | $6.3M | $25.0M | -$6.6M | -$46.2M | $4.4M | $9.3M | $15.1M | -$344000 | -$3.1M | -$2.3M |
| Flujo de Caja Operativo | $51.5M | $89.1M | $24.2M | -$16.1M | $121.7M | $61.1M | -$33.1M | $22.1M | $9.4M | $66.7M |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$345 | 0 | 0 | -$15.55T | -$863000 | -$1.8M | -$3.8M | -$4.4M | -$3.8M | -$9.3M |
| Dividendos Pagados | -$21.4M | -$17.4M | -$14.7M | -$11.7M | -$10.5M | -$19.6M | -$23.6M | -$25.6M | -$25.3M | -$21.6M |
| Flujo de Caja Libre | $51.5M | $89.1M | $24.2M | -$16.1M | $121.7M | $61.1M | -$33.1M | $22.1M | $9.4M | $66.7M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $5.8M | $25.3M | $21.6M | $10.7M |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $5.8M | $25.3M | $21.6M | $10.7M |
| Dividendos Pagados | -$29.2M | -$6.1M | -$3.9M | -$3.7M |
| 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) | | +47.0% | -68.9% | +15.1% | +438.4% | +9.7% | -88.5% | +617.9% | -52.3% | +92.0% |
| Crecimiento Beneficio Neto (anual) | | +425.9% | -382.5% | -30.6% | +352.6% | -17.6% | -180.7% | +154.2% | -152.1% | +293.6% |
| Crecimiento BPA (anual) | | +421.4% | -384.4% | -29.7% | +290.4% | -51.7% | -171.5% | +155.0% | -153.3% | +262.5% |
| Cambio en Acciones (anual) | | +0.2% | +0.3% | +0.8% | +32.8% | +70.8% | +12.9% | -1.3% | -2.5% | +19.7% |
| Crecimiento FCF (anual) | | +72.9% | -72.9% | -166.5% | +857.4% | -49.7% | -154.1% | +166.9% | -57.7% | +612.1% |
| Margen Bruto | 45.9% | 69.1% | 3.9% | 6.8% | 78.5% | 74.0% | -193.1% | 41.6% | -0.5% | 71.3% |
| Margen Operativo | -6.2% | 13.7% | -124.2% | -141.0% | 66.1% | 52.4% | -334.7% | 25.3% | -32.8% | 81.7% |
| Margen EBITDA | -6.2% | 13.7% | -124.2% | -142.8% | 66.1% | 68.5% | -38.0% | 25.3% | -32.8% | 80.8% |
| Margen Neto | -6.2% | 13.7% | -124.2% | -141.0% | 66.1% | 49.7% | -347.7% | 26.3% | -28.7% | 28.9% |
| Margen FCF | 306.0% | 360.0% | 313.4% | -181.1% | 254.8% | 116.7% | -548.1% | 51.1% | 45.3% | 167.8% |
| Tasa Impositiva Efectiva | -0.0% | 0.0% | -0.0% | -0.0% | 0.0% | 5.2% | -3.9% | -3.8% | 12.6% | 0.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $13.87 | $23.93 | $6.47 | $-4.27 | $24.34 | $7.16 | $-3.44 | $2.33 | $1.01 | $6.01 |
| Dividendo por Acción | $5.77 | $4.68 | $3.93 | $3.12 | $2.11 | $2.30 | $2.44 | $2.70 | $2.72 | $1.95 |
| Acciones en Circulación (Básicas) | $3.7M | $3.7M | $3.7M | $3.8M | $5.0M | $8.5M | $9.6M | $9.5M | $9.3M | $11.0M |
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 | -1.95% |
| Rentabilidad sobre capital invertido | 2.30% |
| Rentabilidad sobre activos | -0.84% |
| Margen bruto | 79.09% |
| Margen operativo | 20.57% |
| Margen neto | -6.19% |
Salud financiera
| Deuda / Patrimonio | 1.56 |
| Ratio corriente | 0.16 |
| Piotroski F-Score | 6 |
| Altman Z-Score | -1.09 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -142.14 | 37.89 | -13.52 | -6.39 | 3.02 | 8.12 | -10.55 | 15.16 | -25.53 | 11.38 |
| P/VC | 0.76 | 0.70 | 0.82 | 0.52 | 0.44 | 0.75 | 0.95 | 0.81 | 0.85 | 0.62 |
| P/V | 8.78 | 5.13 | 16.77 | 9.00 | 2.00 | 4.03 | 36.69 | 3.99 | 7.33 | 3.28 |
| Margen Bruto | 45.9% | 69.1% | 3.9% | 6.8% | 78.5% | 74.0% | -193.1% | 41.6% | -0.5% | 71.3% |
| Margen Operativo | -6.2% | 13.7% | -124.2% | -141.0% | 66.1% | 52.4% | -334.7% | 25.3% | -32.8% | 81.7% |
| Margen Neto | -6.2% | 13.7% | -124.2% | -141.0% | 66.1% | 49.7% | -347.7% | 26.3% | -28.7% | 28.9% |