Estados financieros detallados de Evogene Ltd. (EVGN): 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
Evogene Ltd. registró ingresos de $3.9M en el último ejercicio fiscal, con un CAGR de 5 años del 29.9%.
Márgenes de los últimos 12 meses: margen bruto -14.2%, margen operativo -10.2%, margen neto -7.0%.
Al precio actual de $0.50, EVGN presenta beneficios negativos (P/E no significativo) y un ROE del 7.66%. La capitalización bursátil es de $4M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $6.5M | $3.4M | $1.7M | $753000 | $1.0M | $930000 | $1.7M | $3.0M | $5.6M | $3.9M |
| Coste de Ventas | $5.6M | $2.8M | $1.5M | $334000 | $574000 | $767000 | $909000 | $1.5M | $2.4M | $4.1M |
| Beneficio Bruto | $901000 | $536000 | $295000 | $419000 | $466000 | $163000 | $766000 | $1.5M | $3.2M | -$241000 |
| I+D | $16.4M | $17.0M | $14.7M | $15.8M | $17.3M | $21.1M | $20.8M | $16.2M | $12.5M | $8.0M |
| Generales y Administrativos | $5.6M | $5.5M | $5.6M | $5.8M | $8.0M | $10.0M | $10.4M | $7.5M | $9.0M | $5.8M |
| Gastos Operativos | $22.0M | $22.5M | $20.3M | $21.6M | $25.3M | $31.1M | $27.7M | $23.7M | $22.0M | $13.8M |
| Beneficio Operativo | -$21.1M | -$21.9M | -$20.0M | -$21.2M | -$24.8M | -$31.0M | -$26.9M | -$22.2M | -$18.8M | -$14.0M |
| EBITDA | -$18.8M | -$18.7M | -$18.8M | -$16.0M | -$23.2M | -$27.9M | -$27.0M | -$20.5M | -$13.4M | -$12.2M |
| Gastos por Intereses | $155000 | $129000 | $141000 | $354000 | $269000 | $403000 | $241000 | $171000 | $124000 | $1.9M |
| Beneficio Antes de Impuestos | -$19.6M | -$20.8M | -$20.8M | -$19.1M | -$26.2M | -$30.4M | -$29.8M | -$21.9M | -$14.8M | -$13.5M |
| Impuestos | $36000 | $11000 | $30000 | $24000 | $32000 | $13000 | $90000 | $19000 | $9000 | $1000 |
| Beneficio Neto | -$19.6M | -$20.8M | -$20.8M | -$18.1M | -$23.4M | -$27.8M | -$26.6M | -$23.9M | -$16.5M | -$8.5M |
| BPA | $-0.77 | $-0.81 | $-0.81 | $-0.70 | $-0.64 | $-0.68 | $-6.46 | $-5.23 | $-2.89 | $-1.08 |
| BPA Diluido | $-0.77 | $-0.81 | $-0.81 | $-0.70 | $-0.64 | $-0.68 | $-6.46 | $-5.23 | $-2.89 | $-1.08 |
| Acciones en Circulación (Diluidas) | $25.4M | $25.7M | $25.8M | $25.8M | $36.6M | $41.0M | $4.1M | $4.6M | $5.7M | $7.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $312000 | $314000 | $334000 | $347000 |
| Beneficio Bruto | $155000 | -$2.0M | $204000 | -$8000 |
| Beneficio Operativo | -$2.7M | -$5.2M | -$3.1M | -$2.4M |
| EBITDA | -$2.0M | -$6.5M | -$1.8M | -$2.3M |
| Beneficio Neto | $3.9M | -$5.3M | -$5.9M | -$1.8M |
| BPA | $0.44 | $-0.61 | $-0.60 | $-0.14 |
| BPA Diluido | $0.44 | $-0.61 | $-0.60 | $-0.14 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $3.2M | $3.4M | $5.8M | $34.7M | $46.2M | $32.3M | $29.0M | $20.8M | $15.3M | $13.0M |
| Inversiones a Corto | $84.9M | $68.3M | $48.7M | $12.1M | $2.0M | $21.5M | $6.4M | $10.3M | $10000 | 0 |
| Cuentas por Cobrar | $1.2M | $813000 | $746000 | $1.2M | $2.2M | $1.2M | $803000 | $804000 | $1.5M | $1.4M |
| Inventario | 0 | 0 | 0 | 0 | 0 | $92000 | $566000 | $76000 | $1.8M | $210000 |
| Activos Corrientes | $89.5M | $72.8M | $55.5M | $49.0M | $51.8M | $56.9M | $37.8M | $34.5M | $21.6M | $15.6M |
| Inmovilizado Material | $6.5M | $4.8M | $3.2M | $5.3M | $3.9M | $4.2M | $4.1M | $3.4M | $4.3M | $2.6M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | $17.1M | $16.1M | $15.2M | $14.1M | $13.2M | $12.2M | 0 |
| Activos Totales | $96.0M | $77.6M | $58.7M | $71.4M | $71.9M | $76.3M | $56.1M | $51.1M | $39.9M | $20.0M |
| Cuentas por Pagar | $1.3M | $1.1M | $1.0M | $1.0M | $863000 | $1.5M | $1.0M | $1.8M | $1.2M | $639000 |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $10.4M | 0 |
| Pasivos Corrientes | $5.2M | $4.7M | $5.4M | $5.7M | $9.7M | $6.9M | $5.6M | $6.9M | $18.7M | $3.4M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | $10.1M | $10.4M | 0 | 0 |
| Pasivos Totales | $8.7M | $8.2M | $8.4M | $11.1M | $15.0M | $12.9M | $21.3M | $22.4M | $25.0M | $8.1M |
| Reservas | -$96.2M | -$117.0M | -$137.8M | -$155.9M | -$179.3M | -$207.1M | -$233.7M | -$257.6M | -$274.1M | -$282.6M |
| Patrimonio Neto | $87.3M | $69.4M | $50.1M | $50.1M | $46.0M | $53.7M | $27.9M | $12.1M | -$1.5M | -$82000 |
| Deuda Total | 0 | 0 | 0 | $3.0M | $2.4M | $2.7M | $11.9M | $11.5M | $12.9M | $2.2M |
| Deuda Neta | -$88.1M | -$71.8M | -$54.5M | -$43.9M | -$45.8M | -$51.2M | -$23.4M | -$19.6M | -$2.4M | -$10.8M |
| Capital Circulante | $84.3M | $68.1M | $50.1M | $43.3M | $42.1M | $50.0M | $32.1M | $27.5M | $2.9M | $12.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $5.6M | $13.0M | $8.5M | $9.4M |
| Activos Totales | $26.1M | $20.0M | $17.9M | $13.4M |
| Pasivos Totales | $8.8M | $8.1M | $10.0M | $7.7M |
| Patrimonio Neto | $1.1M | -$82000 | -$2.5M | -$3.3M |
| Deuda Total | $2.5M | $2.2M | $2.0M | $2.1M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$19.6M | -$20.8M | -$20.8M | -$19.1M | -$26.2M | -$30.4M | -$29.8M | -$26.0M | -$18.1M | -$14.2M |
| Amortizaciones | $2.3M | $2.1M | $2.0M | $2.8M | $2.7M | $2.2M | $2.6M | $2.6M | $2.5M | $1.1M |
| Compensación en Acciones | $2.9M | $2.2M | $1.7M | $1.6M | $4.1M | $2.6M | $1.2M | $1.9M | $1.8M | $654000 |
| Cambio en Capital Circulante | $1.9M | -$196000 | -$161000 | -$997000 | -$1.4M | $1.7M | -$771000 | -$400000 | -$3.3M | -$1.3M |
| Flujo de Caja Operativo | -$11.7M | -$15.9M | -$15.2M | -$17.4M | -$19.5M | -$24.8M | -$23.7M | -$21.6M | -$19.7M | -$13.5M |
| Inversiones (CapEx) | -$808000 | -$590000 | -$374000 | -$900000 | -$682000 | -$724000 | -$1.2M | -$785000 | -$626000 | -$135000 |
| Adquisiciones | -$5.5M | -$4.8M | 0 | $10.0M | 0 | 0 | 0 | 0 | 0 | $78000 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$12.5M | -$16.5M | -$15.5M | -$18.3M | -$20.2M | -$25.6M | -$24.8M | -$22.4M | -$20.3M | -$13.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$3.8M | -$2.7M | -$3.0M | -$2.1M |
| Inversiones (CapEx) | -$11372 | -$6000 | -$2000 | -$9287 |
| Flujo de Caja Libre | -$3.8M | -$2.7M | -$3.0M | -$2.1M |
| Dividendos Pagados | 0 | 0 | -$192999 | -$2.5M |
| Compensación en Acciones | 0 | $155000 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -48.3% | -48.3% | -56.9% | +38.1% | -10.6% | +80.1% | +78.0% | +87.0% | -30.9% |
| Crecimiento Beneficio Neto (anual) | | -6.4% | +0.4% | +12.7% | -29.1% | -18.9% | +4.2% | +10.4% | +31.0% | +48.5% |
| Crecimiento BPA (anual) | | -5.2% | +0.0% | +13.6% | +8.6% | -6.3% | -850.0% | +19.0% | +44.7% | +62.6% |
| Cambio en Acciones (anual) | | +1.1% | +0.1% | +0.0% | +41.9% | +12.2% | -90.0% | +10.9% | +24.7% | +38.2% |
| Crecimiento FCF (anual) | | -32.1% | +6.0% | -17.6% | -10.6% | -26.6% | +2.8% | +10.0% | +9.1% | +32.9% |
| Margen Bruto | 13.8% | 15.9% | 16.9% | 55.6% | 44.8% | 17.5% | 45.7% | 50.0% | 57.3% | -6.3% |
| Margen Operativo | -322.5% | -649.1% | -1144.2% | -2810.9% | -2386.0% | -3328.3% | -1608.4% | -745.5% | -337.2% | -364.2% |
| Margen EBITDA | -287.6% | -552.6% | -1074.0% | -2127.5% | -2231.7% | -2998.2% | -1612.5% | -688.5% | -239.6% | -316.6% |
| Margen Neto | -299.6% | -616.3% | -1188.2% | -2405.3% | -2247.5% | -2988.5% | -1590.3% | -800.8% | -295.6% | -220.2% |
| Margen FCF | -191.1% | -488.6% | -889.2% | -2425.5% | -1941.9% | -2748.7% | -1483.5% | -749.9% | -364.5% | -353.9% |
| Tasa Impositiva Efectiva | -0.2% | -0.1% | -0.1% | -0.1% | -0.1% | -0.0% | -0.3% | -0.1% | -0.1% | -0.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.49 | $-0.64 | $-0.60 | $-0.71 | $-0.55 | $-0.62 | $-6.03 | $-4.89 | $-3.57 | $-1.73 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $25.4M | $25.7M | $25.8M | $25.8M | $36.6M | $41.0M | $4.1M | $4.6M | $5.7M | $7.9M |
Qué mirar en Biotech
La mayoría de biotechs pequeñas pierden dinero. Analizarlas con P/E no tiene sentido — mira caja y pipeline.
- Cash Runway — Meses de caja al ritmo de gasto actual. <18 meses = riesgo de dilución urgente
- Cash burn anual — Ritmo al que queman caja operativa. Comparar con posición de caja para proyectar runway
- Total Debt — Biotech sin ingresos + deuda = receta para bancarrota
- I+D / Capitalización — Cuánto invierten en pipeline vs lo que vale la empresa — indicador de intensidad investigadora
- Market cap / Cash — Si cotiza cerca de su caja, el mercado le da ~0 valor al pipeline — puede ser oportunidad o trampa
Rentabilidad
| Rentabilidad sobre capital | 766.01% |
| Rentabilidad sobre capital invertido | -121.41% |
| Rentabilidad sobre activos | -68.20% |
| Margen bruto | -14.16% |
| Margen operativo | -1020.35% |
| Margen neto | -696.26% |
Salud financiera
| Deuda / Patrimonio | -0.64 |
| Ratio corriente | 3.57 |
| Piotroski F-Score | 2 |
| Altman Z-Score | -20.48 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -66.23 | -42.84 | -24.44 | -21.71 | -73.44 | -24.12 | -1.08 | -1.61 | -0.65 | -1.02 |
| P/VC | 14.87 | 12.87 | 10.19 | 7.81 | 37.31 | 12.54 | 1.03 | 3.18 | -7.34 | -105.63 |
| P/V | 198.42 | 264.03 | 291.88 | 519.87 | 1651.98 | 723.25 | 17.22 | 12.87 | 1.91 | 2.25 |
| Margen Bruto | 13.8% | 15.9% | 16.9% | 55.6% | 44.8% | 17.5% | 45.7% | 50.0% | 57.3% | -6.3% |
| Margen Operativo | -322.5% | -649.1% | -1144.2% | -2810.9% | -2386.0% | -3328.3% | -1608.4% | -745.5% | -337.2% | -364.2% |
| Margen Neto | -299.6% | -616.3% | -1188.2% | -2405.3% | -2247.5% | -2988.5% | -1590.3% | -800.8% | -295.6% | -220.2% |