Estados financieros detallados de Dawson Geophysical Company (DWSN): 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
Dawson Geophysical Company registró ingresos de $75.6M en el último ejercicio fiscal, con un CAGR de 5 años del -2.6%.
Márgenes de los últimos 12 meses: margen bruto 26.6%, margen operativo 5.3%, margen neto 3.5%. El flujo de caja libre creció a un CAGR del -15.7% en 5 años.
Al precio actual de $3.23, DWSN cotiza a un P/E de 29.00 y un ROE del 19.56%. La capitalización bursátil es de $100M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ingresos | $133.3M | $157.1M | $154.2M | $145.8M | $86.1M | $24.7M | $51.6M | $96.8M | $74.2M | $75.6M |
| Coste de Ventas | $44.3M | $39.2M | $30.0M | $21.8M | $17.2M | $12.9M | $58.4M | $95.1M | $68.8M | $68.3M |
| Beneficio Bruto | $89.0M | $117.9M | $124.2M | $123.9M | $68.9M | $11.8M | -$6.7M | $1.7M | $5.4M | $7.3M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $16.8M | $16.2M | $16.3M | $17.2M | $13.9M | $12.0M | $15.5M | $14.8M | $9.9M | $9.0M |
| Gastos Operativos | $138.5M | $155.4M | $149.2M | $140.2M | $82.9M | $41.1M | $15.5M | $14.8M | $9.9M | $9.0M |
| Beneficio Operativo | -$49.4M | -$37.4M | -$25.0M | -$16.2M | -$14.0M | -$29.2M | -$22.2M | -$13.1M | -$4.5M | -$1.7M |
| EBITDA | -$1.7M | $2.3M | $5.2M | $8.0M | $4.1M | -$16.2M | -$6.7M | -$3.6M | $1.8M | $4.3M |
| Gastos por Intereses | $260000 | $158000 | $408000 | $435000 | $83000 | $21000 | $31000 | $103000 | $159000 | $536000 |
| Beneficio Antes de Impuestos | -$46.2M | -$36.6M | -$25.2M | -$15.5M | -$13.2M | -$29.1M | -$18.5M | -$12.2M | -$4.1M | -$1.9M |
| Impuestos | -$6.4M | -$5.3M | -$798000 | -$239000 | $24000 | -$26000 | $107000 | -$96000 | $7000 | $6000 |
| Beneficio Neto | -$39.8M | -$31.3M | -$24.4M | -$15.2M | -$13.2M | -$29.1M | -$18.6M | -$12.1M | -$4.1M | -$1.9M |
| BPA | $-1.75 | $-1.38 | $-1.07 | $-0.66 | $-0.56 | $-1.23 | $-0.75 | $-0.45 | $-0.13 | $-0.06 |
| BPA Diluido | $-1.75 | $-1.37 | $-1.07 | $-0.66 | $-0.56 | $-1.23 | $-0.75 | $-0.45 | $-0.13 | $-0.06 |
| Acciones en Circulación (Diluidas) | $22.7M | $22.8M | $22.9M | $23.2M | $23.4M | $23.6M | $25.0M | $26.8M | $30.9M | $31.0M |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $14.6M | $22.0M | $28.7M | $26.3M | $41.0M | $25.4M | $18.6M | $15.8M | $1.4M | $4.9M |
| Inversiones a Corto | $40.2M | $16.6M | $10.6M | $2.4M | $583000 | $265000 | $265000 | $265000 | 0 | $370000 |
| Cuentas por Cobrar | $16.0M | $33.2M | $25.4M | $24.4M | $7.3M | $8.9M | $13.4M | $12.7M | $10.4M | $13.2M |
| Inventario | 0 | 0 | 0 | $1.4M | 0 | -$8.9M | 0 | 0 | $391000 | 0 |
| Activos Corrientes | $75.7M | $77.1M | $77.0M | $65.6M | $58.6M | $42.9M | $43.8M | $33.1M | $14.5M | $21.8M |
| Inmovilizado Material | $110.9M | $86.6M | $71.5M | $60.2M | $44.4M | $30.8M | $24.5M | $19.7M | $16.0M | $257.1M |
| Fondo de Comercio | -$486.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $487.0M | $494000 | $379000 | $385000 | $393000 | $395000 | $369000 | $377000 | $348000 | $364000 |
| Activos Totales | $187.7M | $165.2M | $150.7M | $127.6M | $103.4M | $74.0M | $68.7M | $58.2M | $30.9M | $56.0M |
| Cuentas por Pagar | $5.6M | $5.9M | $5.4M | $4.0M | $1.6M | $2.6M | $4.1M | $3.9M | $3.4M | $9.6M |
| Deuda a Corto | $2.4M | $2.7M | $6.7M | $5.3M | $40000 | $265000 | $205000 | $910000 | $168000 | $5.1M |
| Pasivos Corrientes | $15.0M | $17.8M | $27.3M | $18.3M | $7.4M | $7.6M | $16.2M | $22.4M | $9.9M | $26.8M |
| Deuda a Largo | 0 | $5.2M | $6.1M | 0 | 0 | 0 | 0 | 0 | 0 | $9.9M |
| Pasivos Totales | $16.8M | $24.0M | $33.7M | $24.4M | $12.4M | $11.6M | $19.9M | $26.8M | $13.6M | $40.2M |
| Reservas | $29.3M | -$2.0M | -$34.5M | -$49.7M | -$62.9M | -$92.0M | -$112.5M | -$123.6M | -$137.6M | -$139.6M |
| Patrimonio Neto | $170.9M | $141.3M | $117.0M | $103.2M | $91.0M | $62.5M | $48.8M | $31.4M | $17.3M | $15.8M |
| Deuda Total | $2.4M | $7.9M | $12.8M | $12.4M | $6.1M | $5.2M | $4.9M | $6.2M | $5.8M | $20.7M |
| Deuda Neta | -$52.5M | -$30.7M | -$26.5M | -$16.2M | -$35.4M | -$20.4M | -$13.9M | -$9.8M | $4.4M | $15.4M |
| Capital Circulante | $60.7M | $59.3M | $49.7M | $47.4M | $51.1M | $35.3M | $27.6M | $10.7M | $4.6M | -$5.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Beneficio Neto | -$39.8M | -$31.3M | -$24.4M | -$15.2M | -$13.2M | -$29.1M | -$18.6M | -$12.1M | -$4.1M | -$1.9M |
| Amortizaciones | $44.3M | $39.2M | $30.0M | $21.8M | $17.2M | $12.9M | $11.8M | $8.5M | $5.7M | $5.7M |
| Compensación en Acciones | $879000 | $976000 | $1.4M | $1.2M | $703000 | $479000 | 0 | 0 | 0 | $130000 |
| Cambio en Capital Circulante | $11.9M | -$13.1M | $6.7M | $708000 | $12.3M | -$892000 | $1.5M | $3.5M | -$4.7M | $9.4M |
| Flujo de Caja Operativo | $8.7M | -$6.7M | $12.9M | $9.5M | $19.6M | -$16.1M | -$3.3M | $814000 | -$1.9M | $14.0M |
| Inversiones (CapEx) | -$8.3M | -$8.7M | -$15.7M | -$4.4M | -$2.8M | -$505000 | -$1.4M | -$3.7M | -$1.9M | -$6.8M |
| Adquisiciones | -$1.55B | -$7.8M | $15.7M | 0 | $2.8M | $451000 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$72000 | -$158000 | -$121000 | 0 | -$70000 | -$75000 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | -$1000 | 0 | 0 | 0 | 0 | 0 | -$9.9M | 0 |
| Flujo de Caja Libre | $491000 | -$15.4M | -$2.9M | $5.1M | $16.8M | -$16.6M | -$4.7M | -$2.9M | -$3.7M | $7.1M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | +17.9% | -1.9% | -5.4% | -40.9% | -71.3% | +109.1% | +87.6% | -23.4% | +2.0% | |
| Crecimiento Beneficio Neto (anual) | +21.4% | +21.9% | +37.7% | +13.3% | -120.5% | +35.9% | +34.9% | +66.1% | +52.9% | |
| Crecimiento BPA (anual) | +21.1% | +22.5% | +38.3% | +15.2% | -119.6% | +39.0% | +40.0% | +71.1% | +51.8% | |
| Cambio en Acciones (anual) | +0.4% | +0.6% | +1.2% | +0.9% | +0.8% | +5.9% | +7.1% | +15.4% | +0.4% | |
| Crecimiento FCF (anual) | -3232.0% | +81.3% | +276.9% | +230.3% | -198.6% | +71.6% | +38.1% | -28.3% | +291.5% | |
| Margen Bruto | 66.8% | 75.0% | 80.6% | 85.0% | 80.1% | 47.9% | -13.1% | 1.8% | 7.3% | 9.7% |
| Margen Operativo | -37.1% | -23.8% | -16.2% | -11.1% | -16.3% | -118.4% | -43.0% | -13.5% | -6.1% | -2.2% |
| Margen EBITDA | -1.3% | 1.5% | 3.3% | 5.5% | 4.7% | -65.7% | -12.9% | -3.8% | 2.4% | 5.6% |
| Margen Neto | -29.8% | -19.9% | -15.8% | -10.4% | -15.3% | -117.8% | -36.1% | -12.5% | -5.6% | -2.6% |
| Margen FCF | 0.4% | -9.8% | -1.9% | 3.5% | 19.5% | -67.0% | -9.1% | -3.0% | -5.0% | 9.4% |
| Tasa Impositiva Efectiva | 13.9% | 14.5% | 3.2% | 1.5% | -0.2% | 0.1% | -0.6% | 0.8% | -0.2% | -0.3% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF por Acción | $0.02 | $-0.68 | $-0.13 | $0.22 | $0.72 | $-0.70 | $-0.19 | $-0.11 | $-0.12 | $0.23 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.00 |
| Acciones en Circulación (Básicas) | $22.7M | $22.7M | $22.8M | $23.2M | $23.4M | $23.6M | $25.0M | $26.8M | $30.9M | $31.0M |
Qué mirar en empresas de Energy
- FCF yield (>8%) — Caja generada / capitalización. En energía el FCF importa más que el EPS.
- ROIC medio 5a (≥10%) — Incluir años buenos y malos para filtrar las realmente disciplinadas.
- FCF positivo en 8 de los últimos 10 años (≥8/10) — Nombres disciplinados (XOM, CVX, EOG) sobreviven los crashes de 2014-16 y 2020.
- Cobertura del dividendo (FCF / div) (≥1,2x) — Dividendo cubierto por FCF, no por deuda. <1x = recorte probable.
- Deuda Neta / EBITDA (<2x en pico) — Mirarlo con EBITDA en valle, no en pico.
- Capex / Ingresos (10-20% saludable) — Energía necesita reinversión agresiva para mantener reservas.
Rentabilidad
| Rentabilidad sobre capital | 19.56% |
| Rentabilidad sobre capital invertido | 13.53% |
| Rentabilidad sobre activos | 6.57% |
| Margen bruto | 26.57% |
| Margen operativo | 5.25% |
| Margen neto | 3.49% |
Salud financiera
| Deuda / Patrimonio | 1.00 |
| Ratio corriente | 0.87 |
| Piotroski F-Score | 4 |
| Altman Z-Score | -1.62 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | -4.38 | -3.43 | -3.16 | -3.64 | -3.79 | -1.89 | -2.61 | -4.07 | -10.31 | -24.92 |
| P/VC | 1.02 | 0.76 | 0.66 | 0.54 | 0.54 | 0.88 | 1.00 | 1.56 | 2.39 | 3.06 |
| P/V | 1.30 | 0.68 | 0.50 | 0.38 | 0.58 | 2.21 | 0.95 | 0.51 | 0.56 | 0.64 |
| Margen Bruto | 66.8% | 75.0% | 80.6% | 85.0% | 80.1% | 47.9% | -13.1% | 1.8% | 7.3% | 9.7% |
| Margen Operativo | -37.1% | -23.8% | -16.2% | -11.1% | -16.3% | -118.4% | -43.0% | -13.5% | -6.1% | -2.2% |
| Margen Neto | -29.8% | -19.9% | -15.8% | -10.4% | -15.3% | -117.8% | -36.1% | -12.5% | -5.6% | -2.6% |
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Explorar sector: Energy · Oil & Gas Equipment & Services
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