Estados financieros detallados de Coincheck Group N.V. (CNCK): 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
Coincheck Group N.V. registró ingresos de $480.24B en el último ejercicio fiscal, con un CAGR de 5 años del -1.7%.
Márgenes de los últimos 12 meses: margen bruto 1.7%, margen operativo -0.4%, margen neto -0.3%.
Al precio actual de $1.88, CNCK presenta beneficios negativos (P/E no significativo) y un ROE del -8.41%. La capitalización bursátil es de $256M.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $3.81B | $524.42B | $690.97B | $176.92B | $224.05B | $383.33B | $480.24B |
| Coste de Ventas | $1.13B | $505.44B | $666.00B | $171.62B | $217.07B | $372.54B | $467.17B |
| Beneficio Bruto | $2.68B | $18.99B | $24.97B | $5.30B | $6.98B | $10.79B | $13.07B |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $1.84B | $4.67B | $10.44B | $5.51B | $3.67B | $10.95B | $14.07B |
| Gastos Operativos | $2.44B | $5.30B | $11.12B | $6.02B | $7.96B | $8.29B | $14.49B |
| Beneficio Operativo | $241.0M | $13.69B | $13.84B | -$719.0M | -$980.0M | $2.51B | -$1.42B |
| EBITDA | $775.0M | $14.09B | $14.37B | -$360.0M | $3.52B | -$12.60B | $59.0M |
| Gastos por Intereses | $3.0M | $10.0M | $2.0M | $3.0M | $6.0M | $35.0M | $161.0M |
| Beneficio Antes de Impuestos | $209.0M | $13.68B | $13.92B | -$846.0M | $2.84B | -$13.36B | -$875.0M |
| Impuestos | $69.0M | $3.43B | $4.12B | -$287.0M | $873.0M | $991.0M | $958.0M |
| Beneficio Neto | $140.0M | $10.24B | $9.79B | -$559.0M | $1.97B | -$14.35B | -$1.83B |
| BPA | $1.10 | $80.81 | $324.19 | $-18.50 | $195.18 | $-110.64 | $-13.52 |
| BPA Diluido | $1.10 | $80.81 | $324.19 | $-18.50 | $195.18 | $-110.64 | $-13.52 |
| Acciones en Circulación (Diluidas) | $126.8M | $126.8M | $30.2M | $30.2M | $10.1M | $129.7M | $135.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $133.10B | $143.46B | $119.69B | $114.33B |
| Beneficio Bruto | $3.89B | $3.83B | -$2.21B | $2.92B |
| Beneficio Operativo | $516.0M | $324.0M | -$1.39B | -$1.37B |
| EBITDA | $1.14B | $1.15B | -$1.17B | -$821.0M |
| Beneficio Neto | $355.0M | $405.0M | -$1.22B | -$1.18B |
| BPA | $2.71 | $3.15 | $-9.12 | $-6.13 |
| BPA Diluido | $2.71 | $3.15 | $-9.12 | $-6.13 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $13.40B | $16.63B | $17.17B | $17.70B | $7.70B | $10.84B | $8.58B | $59.74B |
| Inversiones a Corto | $304.0M | $6.0M | $49.49B | $17.0M | $668.0M | $3.0M | $22.0M | 0 |
| Cuentas por Cobrar | 0 | $42.0M | $527.0M | $590.0M | $439.0M | $753.0M | $1.13B | $1.90B |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $71.59B | $74.68B | $484.26B | $538.22B | $69.32B | $115.43B | $107.10B | $61.64B |
| Inmovilizado Material | $1.29B | $749.0M | $681.0M | $361.0M | $644.0M | $1.97B | $1.91B | $1.47B |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | $1.24B | 0 |
| Activos Intangibles | $149.0M | $263.0M | $384.0M | $471.0M | $601.0M | $1.58B | $3.56B | $13.85B |
| Activos Totales | $73.48B | $76.01B | $486.13B | $540.13B | $71.98B | $119.19B | $112.27B | $117.63B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $2.99B | $2.93B | $28.09B | $34.23B | $18.76B | $44.02B | $44.48B | 0 |
| Pasivos Corrientes | $70.39B | $73.04B | $472.85B | $524.03B | $61.18B | $105.47B | $99.85B | 0 |
| Deuda a Largo | $8.0M | $3.0M | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $70.96B | $73.32B | $473.15B | $524.09B | $61.50B | $106.75B | $101.50B | $95.79B |
| Reservas | $1.99B | $2.13B | $12.38B | $15.17B | $9.61B | $11.58B | -$2.77B | -$5.52B |
| Patrimonio Neto | $2.51B | $2.69B | $12.98B | $16.04B | $10.48B | $12.44B | $10.77B | $21.84B |
| Deuda Total | $3.69B | $3.39B | $28.56B | $34.47B | $19.11B | $45.68B | $45.76B | $1.21B |
| Deuda Neta | -$10.01B | -$13.25B | -$38.09B | $16.74B | $10.74B | $34.84B | $37.15B | -$58.53B |
| Capital Circulante | $1.21B | $1.64B | $11.41B | $14.19B | $8.13B | $9.96B | $7.25B | $61.64B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $8.97B | $10.65B | $59.74B | $16.08B |
| Activos Totales | $137.07B | $128.22B | $117.63B | $113.55B |
| Pasivos Totales | $126.65B | $113.97B | $95.38B | $82.44B |
| Patrimonio Neto | $10.42B | $14.25B | $21.84B | $31.11B |
| Deuda Total | $62.84B | $1.40B | $39.11B | $32.65B |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | $209.0M | $13.68B | $13.92B | -$846.0M | $2.84B | -$13.36B | -$1.94B |
| Amortizaciones | $563.0M | $409.0M | $448.0M | $483.0M | $679.0M | $727.0M | 0 |
| Compensación en Acciones | $32.0M | $34.0M | $60.0M | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | $2.77B | -$13.00B | -$1.25B | -$1.31B | $722.0M | -$915.0M | -$644.7M |
| Flujo de Caja Operativo | $3.50B | $1.03B | $7.40B | -$3.80B | $3.90B | -$1.92B | -$1.22B |
| Inversiones (CapEx) | -$147.0M | -$196.0M | -$221.0M | -$391.0M | -$308.0M | -$700.0M | -$80.6M |
| Adquisiciones | 0 | -$49.0M | 0 | -$81.0M | $281.0M | -$236.0M | $1.90B |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | -$7.00B | -$5.00B | 0 | 0 | 0 |
| Flujo de Caja Libre | $3.35B | $838.0M | $7.18B | -$4.19B | $3.59B | -$2.62B | -$1.30B |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.33B | $1.97B | -$459.6M | -$1.14B |
| Inversiones (CapEx) | -$250.0M | -$27.0M | -$3.2M | -$308.0M |
| Flujo de Caja Libre | -$1.58B | $1.95B | -$462.8M | -$1.45B |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $321.0M | $316.0M | 0 | $330.0M |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +13646.3% | +31.8% | -74.4% | +26.6% | +71.1% | +25.3% |
| Crecimiento Beneficio Neto (anual) | | +7217.9% | -4.4% | -105.7% | +451.9% | -829.5% | +87.2% |
| Crecimiento BPA (anual) | | +7246.4% | +301.2% | -105.7% | +1155.0% | -156.7% | +87.8% |
| Cambio en Acciones (anual) | | +0.0% | -76.2% | +0.0% | -66.6% | +1187.0% | +4.8% |
| Crecimiento FCF (anual) | | -75.0% | +757.0% | -158.4% | +185.7% | -172.8% | +50.1% |
| Margen Bruto | 70.3% | 3.6% | 3.6% | 3.0% | 3.1% | 2.8% | 2.7% |
| Margen Operativo | 6.3% | 2.6% | 2.0% | -0.4% | -0.4% | 0.7% | -0.3% |
| Margen EBITDA | 20.3% | 2.7% | 2.1% | -0.2% | 1.6% | -3.3% | 0.0% |
| Margen Neto | 3.7% | 2.0% | 1.4% | -0.3% | 0.9% | -3.7% | -0.4% |
| Margen FCF | 87.9% | 0.2% | 1.0% | -2.4% | 1.6% | -0.7% | -0.3% |
| Tasa Impositiva Efectiva | 33.0% | 25.1% | 29.6% | 33.9% | 30.7% | -7.4% | -109.5% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $26.45 | $6.61 | $237.70 | $-138.81 | $356.62 | $-20.16 | $-9.60 |
| Dividendo por Acción | $0.00 | $0.00 | $231.68 | $165.49 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $126.8M | $126.8M | $30.2M | $30.2M | $10.1M | $129.7M | $135.9M |
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 | -8.41% |
| Rentabilidad sobre capital invertido | -2.84% |
| Rentabilidad sobre activos | -1.44% |
| Margen bruto | 1.65% |
| Margen operativo | -0.38% |
| Margen neto | -0.32% |
Salud financiera
| Deuda / Patrimonio | 1.05 |
| Ratio corriente | 1.21 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 5.05 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | 0.00 | 950.83 | 13.33 | 3.71 | -72.61 | 8.01 | -6.88 | -17.37 |
| P/VC | 0.00 | 49.35 | 10.52 | 2.26 | 3.87 | 1.27 | 9.17 | 1.46 |
| P/V | 0.00 | 34.76 | 0.26 | 0.05 | 0.23 | 0.07 | 0.26 | 0.07 |
| Margen Bruto | 0.0% | 70.3% | 3.6% | 3.6% | 3.0% | 3.1% | 2.8% | 2.7% |
| Margen Operativo | 0.0% | 6.3% | 2.6% | 2.0% | -0.4% | -0.4% | 0.7% | -0.3% |
| Margen Neto | 0.0% | 3.7% | 2.0% | 1.4% | -0.3% | 0.9% | -3.7% | -0.4% |