Estados financieros detallados de Bogota Financial Corp. (BSBK): 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
Bogota Financial Corp. registró ingresos de $44.8M en el último ejercicio fiscal, con un CAGR de 5 años del 12.9%. El beneficio neto alcanzó $2.1M, con un CAGR a 5 años del 0.2%.
Márgenes de los últimos 12 meses: margen bruto 41.7%, margen operativo 6.8%, margen neto 6.0%. El flujo de caja libre creció a un CAGR del 279.7% en 5 años.
Al precio actual de $9.01, BSBK cotiza a un P/E de 42.98 y un ROE del 1.48%. La capitalización bursátil es de $116M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $19.7M | $21.1M | $22.6M | $23.7M | $24.4M | $27.6M | $31.5M | $38.4M | $43.1M | $44.8M |
| Coste de Ventas | 0 | $6.6M | $8.8M | $12.0M | $9.9M | $5.7M | $7.7M | $22.2M | $31.1M | $27.4M |
| Beneficio Bruto | $19.7M | $14.4M | $13.8M | $11.7M | $14.5M | $21.9M | $23.8M | $16.2M | $12.0M | $17.4M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | 0 | $5.3M | $5.6M | $5.8M | $6.2M | $9.1M | $10.2M | $11.3M | $10.2M | $1.23B |
| Gastos Operativos | 0 | $7.9M | $8.3M | $8.4M | $12.0M | $12.5M | $14.3M | $15.8M | $14.6M | $15.3M |
| Beneficio Operativo | $6.0M | $6.5M | $5.5M | $3.3M | $2.5M | $9.4M | $9.5M | $480378 | -$2.5M | $2.1M |
| EBITDA | 0 | $6.9M | $5.8M | $3.6M | $2.8M | $9.1M | $9.7M | $938778 | -$2.1M | $2.5M |
| Gastos por Intereses | 0 | $6.5M | $8.8M | $12.0M | $9.7M | $5.8M | $7.3M | $22.3M | $31.2M | $27.5M |
| Beneficio Antes de Impuestos | $6.0M | $6.5M | $5.5M | $3.3M | $2.5M | $9.4M | $9.5M | $480378 | -$2.5M | $2.1M |
| Impuestos | $2.2M | $2.6M | $1.4M | $850612 | $437305 | $1.9M | $2.6M | -$162157 | -$371569 | -$18278 |
| Beneficio Neto | $3.8M | $3.9M | $4.1M | $2.4M | $2.1M | $7.5M | $6.9M | $642535 | -$2.2M | $2.1M |
| BPA | $0.30 | $0.69 | $0.73 | $0.43 | $0.17 | $0.55 | $0.51 | $0.05 | $-0.17 | $0.17 |
| BPA Diluido | $0.30 | $0.69 | $0.73 | $0.43 | $0.17 | $0.52 | $0.51 | $0.05 | $-0.17 | $0.17 |
| Acciones en Circulación (Diluidas) | $12.6M | $5.7M | $5.7M | $5.7M | $12.2M | $14.4M | $13.6M | $12.9M | $12.8M | $12.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $10.9M | $11.2M | $10.8M | $10.2M |
| Beneficio Bruto | $4.3M | $4.6M | $4.7M | $4.5M |
| Beneficio Operativo | $527453 | $670294 | $918080 | $846191 |
| EBITDA | $666725 | $780874 | $1.0M | $846191 |
| Beneficio Neto | $454625 | $680811 | $705946 | $747522 |
| BPA | $0.04 | $0.05 | $0.06 | $0.06 |
| BPA Diluido | $0.04 | $0.05 | $0.06 | $0.06 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | -$41.5M | $22.6M | $24.5M | $127.9M | $80.4M | $105.1M | $16.8M | $24.9M | $52.2M | $35.6M |
| Inversiones a Corto | 0 | $11.8M | $13.6M | $13.7M | $11.9M | $41.8M | $85.1M | $54.5M | $99.2M | $101.5M |
| Cuentas por Cobrar | 0 | $1.7M | $1.9M | $2.0M | $2.9M | $2.7M | $4.0M | $3.9M | $4.2M | $4.3M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $41.5M | $36.1M | $40.1M | $143.6M | $95.1M | $149.6M | $105.9M | $83.3M | $155.6M | $26.2M |
| Inmovilizado Material | $4.7M | $4.4M | $4.7M | $4.2M | $5.7M | $8.1M | $7.9M | $7.7M | $15.5M | $14.7M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | $81625 | $41322 | 0 | 0 | $336364 | $267272 | $206116 | $152893 | $107604 |
| Activos Totales | $623.3M | $641.1M | $665.0M | $766.6M | $740.9M | $837.4M | $951.1M | $939.3M | $971.5M | $904.9M |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | $6.0M | $59.0M | $37.5M | $29.5M | $20.0M |
| Pasivos Corrientes | 0 | $476.5M | $510.3M | $497.7M | $502.0M | $603.5M | $760.4M | $662.8M | $671.7M | $20.0M |
| Deuda a Largo | $74.6M | $89.2M | $74.6M | $97.1M | $104.3M | $79.1M | $43.3M | $130.2M | $142.7M | $73.3M |
| Pasivos Totales | $559.0M | $572.8M | $592.5M | $691.6M | $612.4M | $689.8M | $811.4M | $802.2M | $834.2M | $764.0M |
| Reservas | 0 | $68.7M | $72.8M | $75.3M | $77.4M | $84.9M | $91.8M | $92.2M | $90.0M | $92.1M |
| Patrimonio Neto | $64.3M | $68.3M | $72.5M | $75.0M | $128.5M | $147.6M | $139.7M | $137.2M | $137.3M | $140.9M |
| Deuda Total | $74.6M | $89.2M | $74.6M | $97.1M | $104.3M | $85.1M | $102.3M | $167.7M | $183.0M | $103.8M |
| Deuda Neta | $116.1M | $54.9M | $36.5M | -$44.5M | $12.0M | -$61.9M | $377759 | $88.3M | $31.5M | -$33.3M |
| Capital Circulante | $41.5M | -$440.4M | -$470.2M | -$354.1M | -$406.9M | -$453.9M | -$654.5M | -$579.5M | -$516.0M | $6.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $31.2M | $35.6M | $13.1M | $7.50B |
| Activos Totales | $925.8M | $904.9M | $877.2M | $875.0M |
| Pasivos Totales | $785.1M | $764.0M | $735.2M | $733.0M |
| Patrimonio Neto | $140.7M | $140.9M | $142.1M | $142.0M |
| Deuda Total | $129.9M | $103.8M | $126.8M | $151.8M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $3.9M | $4.1M | $2.4M | $2.1M | $7.5M | $6.9M | $642535 | -$2.2M | $2.1M |
| Amortizaciones | $351151 | $312624 | $295865 | $272562 | -$342101 | $255400 | $458400 | $489696 | $497877 |
| Compensación en Acciones | 0 | 0 | 0 | $218714 | $569171 | $1.2M | $1.2M | $1.1M | $1.1M |
| Cambio en Capital Circulante | $692272 | -$324106 | -$222617 | $718447 | -$180285 | $1.1M | $537298 | -$672588 | $950607 |
| Flujo de Caja Operativo | $5.7M | $4.2M | $2.6M | $5.8M | $6.0M | $10.9M | $1.4M | -$2.6M | $3.20B |
| Inversiones (CapEx) | -$126763 | -$523911 | -$159294 | -$1.7M | -$1.5M | -$241474 | -$318035 | -$594787 | -$70369 |
| Adquisiciones | 0 | 0 | 0 | 0 | $19.4M | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | -$41.5M | -$481468 | -$10.1M | -$3.8M | -$1.7M | -$1.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $5.6M | $3.7M | $2.4M | $4.1M | $4.5M | $10.6M | $1.1M | -$3.2M | $3.20B |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $292485 | $1.0M | $702611 | $2.4M |
| Inversiones (CapEx) | -$15418 | -$18781 | -$29271 | -$210528 |
| Flujo de Caja Libre | $277067 | $987983 | $673340 | $2.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $281688 | $280507 | $279883 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +7.0% | +7.4% | +4.8% | +2.9% | +13.2% | +14.0% | +22.1% | +12.2% | +3.9% |
| Crecimiento Beneficio Neto (anual) | | +2.5% | +6.0% | -41.3% | -14.8% | +263.6% | -8.6% | -90.7% | -437.8% | +196.3% |
| Crecimiento BPA (anual) | | +130.0% | +5.8% | -41.1% | -60.5% | +223.5% | -7.3% | -90.2% | -441.4% | +200.0% |
| Cambio en Acciones (anual) | | -55.2% | +0.0% | +0.0% | +115.1% | +17.9% | -5.4% | -5.0% | -1.0% | -1.0% |
| Crecimiento FCF (anual) | | -34.8% | -34.0% | +68.0% | +11.0% | +135.6% | -89.5% | -381.8% | +101641.7% |
| Margen Bruto | 100.0% | 68.5% | 61.3% | 49.5% | 59.5% | 79.3% | 75.6% | 42.3% | 28.0% | 38.8% |
| Margen Operativo | 30.7% | 31.0% | 24.5% | 13.8% | 10.3% | 34.0% | 30.2% | 1.3% | -5.9% | 4.6% |
| Margen EBITDA | 0.0% | 32.7% | 25.8% | 15.1% | 11.4% | 32.8% | 31.0% | 2.4% | -4.8% | 5.5% |
| Margen Neto | 19.3% | 18.5% | 18.3% | 10.3% | 8.5% | 27.2% | 21.9% | 1.7% | -5.0% | 4.7% |
| Margen FCF | 26.7% | 16.2% | 10.2% | 16.6% | 16.3% | 33.7% | 2.9% | -7.3% | 7153.9% |
| Tasa Impositiva Efectiva | 36.9% | 40.3% | 25.2% | 25.9% | 17.5% | 20.0% | 27.5% | -33.8% | 14.6% | -0.9% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.99 | $0.65 | $0.43 | $0.33 | $0.31 | $0.78 | $0.09 | $-0.25 | $253.55 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $12.6M | $5.7M | $5.7M | $5.7M | $12.2M | $13.7M | $13.6M | $12.9M | $12.8M | $12.6M |
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 | 1.48% |
| Rentabilidad sobre capital invertido | 0.23% |
| Rentabilidad sobre activos | 0.23% |
| Margen bruto | 41.71% |
| Margen operativo | 6.85% |
| Margen neto | 5.99% |
Salud financiera
| Deuda / Patrimonio | 1.07 |
| Ratio corriente | 0.11 |
| Piotroski F-Score | 9 |
| Altman Z-Score | 0.29 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 38.63 | 16.80 | 15.88 | 26.95 | 52.41 | 18.51 | 21.92 | 161.65 | -44.12 | 49.71 |
| P/VC | 2.28 | 0.96 | 0.90 | 0.87 | 0.84 | 0.95 | 1.09 | 0.76 | 0.70 | 0.76 |
| P/V | 7.45 | 3.12 | 2.90 | 2.77 | 4.45 | 5.06 | 4.82 | 2.70 | 2.22 | 2.38 |
| Margen Bruto | 100.0% | 68.5% | 61.3% | 49.5% | 59.5% | 79.3% | 75.6% | 42.3% | 28.0% | 38.8% |
| Margen Operativo | 30.7% | 31.0% | 24.5% | 13.8% | 10.3% | 34.0% | 30.2% | 1.3% | -5.9% | 4.6% |
| Margen Neto | 19.3% | 18.5% | 18.3% | 10.3% | 8.5% | 27.2% | 21.9% | 1.7% | -5.0% | 4.7% |