Estados financieros detallados de First Capital, Inc. (FCAP): 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
First Capital, Inc. registró ingresos de $65.3M en el último ejercicio fiscal, con un CAGR de 5 años del 11.3%. El beneficio neto alcanzó $16.4M, con un CAGR a 5 años del 10.1%.
Márgenes de los últimos 12 meses: margen bruto 77.3%, margen operativo 33.0%, margen neto 26.8%. El flujo de caja libre creció a un CAGR del 11.7% en 5 años.
Al precio actual de $61.37, FCAP cotiza a un P/E de 11.45 y un ROE del 13.40%. La capitalización bursátil es de $205M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $31.1M | $32.8M | $34.6M | $38.7M | $38.2M | $39.0M | $41.9M | $51.2M | $58.1M | $65.3M |
| Coste de Ventas | $2.4M | $2.3M | $2.8M | $3.4M | $3.4M | $803000 | $2.5M | $10.2M | $16.1M | $15.8M |
| Beneficio Bruto | $28.7M | $30.5M | $31.8M | $35.3M | $34.9M | $38.2M | $39.3M | $41.1M | $42.0M | $49.5M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $10.8M | $11.5M | $12.1M | $13.7M | $14.1M | $14.9M | $15.1M | $15.3M | $15.9M | $17.3M |
| Gastos Operativos | $19.3M | $19.9M | $21.1M | $23.0M | $23.0M | $24.5M | $25.1M | $26.0M | $27.8M | $29.6M |
| Beneficio Operativo | $9.4M | $10.6M | $10.7M | $12.3M | $11.8M | $13.7M | $14.2M | $15.1M | $14.2M | $19.9M |
| EBITDA | $10.6M | $11.8M | $11.9M | $13.4M | $13.0M | $14.8M | $15.3M | $16.1M | $15.3M | $21.0M |
| Gastos por Intereses | $1.8M | $1.4M | $1.6M | $2.0M | $1.6M | $1.1M | $1.6M | $9.0M | $14.7M | $14.7M |
| Beneficio Antes de Impuestos | $9.4M | $10.6M | $10.7M | $12.3M | $11.8M | $13.7M | $14.2M | $15.1M | $14.2M | $19.9M |
| Impuestos | $2.5M | $3.1M | $1.4M | $2.0M | $1.7M | $2.2M | $2.3M | $2.2M | $2.2M | $3.5M |
| Beneficio Neto | $6.9M | $7.4M | $9.3M | $10.3M | $10.1M | $11.4M | $11.9M | $12.8M | $11.9M | $16.4M |
| BPA | $2.05 | $2.24 | $2.78 | $3.10 | $3.03 | $3.41 | $3.55 | $3.82 | $3.57 | $4.89 |
| BPA Diluido | $2.05 | $2.23 | $2.77 | $3.09 | $3.02 | $3.41 | $3.55 | $3.82 | $3.57 | $4.89 |
| Acciones en Circulación (Diluidas) | $3.3M | $3.3M | $3.3M | $3.3M | $3.3M | $3.3M | $3.4M | $3.3M | $3.3M | $3.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $17.0M | $17.1M | $17.0M | $17.8M |
| Beneficio Bruto | $13.1M | $13.1M | $13.1M | $13.9M |
| Beneficio Operativo | $5.5M | $5.8M | $5.4M | $6.0M |
| EBITDA | $5.8M | $6.1M | $5.6M | $6.0M |
| Beneficio Neto | $4.5M | $4.9M | $4.3M | $4.8M |
| BPA | $1.34 | $1.46 | $1.30 | $1.43 |
| BPA Diluido | $1.34 | $1.46 | $1.30 | $1.43 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $35.4M | $29.5M | $26.8M | $28.8M | $41.6M | $32.3M | $32.7M | $27.1M | $108.6M | $138.8M |
| Inversiones a Corto | $255.8M | $271.2M | $261.8M | $254.6M | $283.5M | $447.3M | $460.8M | $437.3M | $389.2M | $253.0M |
| Cuentas por Cobrar | $2.4M | $2.7M | $2.8M | $3.1M | $3.4M | $3.4M | $4.3M | $4.8M | $4.6M | $5.1M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $293.6M | $303.3M | $291.5M | $286.5M | $328.5M | $483.0M | $497.8M | $469.2M | $502.4M | $396.8M |
| Inmovilizado Material | $14.8M | $15.0M | $14.4M | $16.4M | $15.9M | $15.2M | $14.7M | $14.4M | $14.2M | $14.4M |
| Fondo de Comercio | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M |
| Activos Intangibles | $1.3M | $1.1M | $966000 | $819000 | $672000 | $526000 | $379000 | $232000 | $86000 | 0 |
| Activos Totales | $743.7M | $759.0M | $794.2M | $827.5M | $1.02B | $1.16B | $1.15B | $1.16B | $1.19B | $1.27B |
| Cuentas por Pagar | $133000 | $107000 | $150000 | $210000 | $153000 | $97000 | $123000 | $1.2M | $1.9M | $2.2M |
| Deuda a Corto | 0 | 0 | 0 | 0 | $19000 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $667.8M | $667.9M | $708.2M | $728.5M | $906.8M | $1.04B | $1.07B | $1.03B | $1.07B | $1.13B |
| Deuda a Largo | 0 | $10.0M | 0 | 0 | 0 | 0 | 0 | $21.5M | 0 | 0 |
| Pasivos Totales | $667.8M | $677.9M | $708.2M | $728.5M | $906.8M | $1.04B | $1.07B | $1.05B | $1.07B | $1.13B |
| Reservas | $47.1M | $52.0M | $58.1M | $65.3M | $72.2M | $80.1M | $88.5M | $97.1M | $105.3M | $117.6M |
| Patrimonio Neto | $75.7M | $80.9M | $85.8M | $98.8M | $110.6M | $113.8M | $85.2M | $105.2M | $114.6M | $137.8M |
| Deuda Total | 0 | $10.0M | 0 | 0 | 0 | 0 | 0 | $21.5M | 0 | 0 |
| Deuda Neta | -$291.3M | -$290.6M | -$288.7M | -$283.4M | -$325.1M | -$479.6M | -$493.5M | -$442.9M | -$497.9M | -$391.7M |
| Capital Circulante | -$374.2M | -$364.6M | -$416.7M | -$442.1M | -$578.3M | -$559.6M | -$568.3M | -$557.3M | -$565.9M | -$728.4M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $114.4M | $138.8M | $150.9M | $149.8M |
| Activos Totales | $1.24B | $1.27B | $1.28B | $1.29B |
| Pasivos Totales | $1.10B | $1.13B | $1.15B | $1.15B |
| Patrimonio Neto | $132.4M | $137.8M | $138.0M | $142.5M |
| Deuda Total | 0 | 0 | 0 | 0 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $6.9M | $7.5M | $9.3M | $10.3M | $10.1M | $11.4M | $11.9M | $12.8M | $11.9M | $16.4M |
| Amortizaciones | $1.2M | $1.2M | $1.2M | $1.1M | $1.2M | $1.1M | $1.1M | $1.0M | $1.1M | $1.1M |
| Compensación en Acciones | $82000 | $88000 | $192000 | $288000 | $381000 | $487000 | $436000 | $252000 | $202000 | $104000 |
| Cambio en Capital Circulante | -$353000 | -$405000 | -$817000 | -$609000 | -$334000 | $1.2M | -$2.1M | -$4.1M | $4.3M | $603000 |
| Flujo de Caja Operativo | $8.2M | $13.4M | $13.3M | $14.1M | $12.1M | $21.6M | $16.5M | $14.2M | $22.3M | $21.3M |
| Inversiones (CapEx) | -$2.0M | -$1.3M | -$402000 | -$3.0M | -$602000 | -$288000 | -$415000 | -$627000 | -$717000 | -$1.4M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$34000 | -$16000 | -$32000 | -$2000 | -$13000 | -$40000 | -$26000 | -$502000 | -$41000 | -$578000 |
| Dividendos Pagados | -$2.8M | -$2.9M | -$3.1M | -$3.2M | -$3.3M | -$3.5M | -$3.5M | -$3.6M | -$3.8M | -$4.0M |
| Flujo de Caja Libre | $6.2M | $12.2M | $12.9M | $11.1M | $11.5M | $21.3M | $16.1M | $13.5M | $21.6M | $19.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $7.9M | $5.2M | $6.3M | $4.3M |
| Inversiones (CapEx) | $489000 | -$698000 | -$489000 | $489000 |
| Flujo de Caja Libre | $8.4M | $4.5M | $5.9M | $4.7M |
| Dividendos Pagados | -$1.0M | -$1.0M | -$1.0M | -$1.0M |
| Compensación en Acciones | $13000 | $14000 | $20000 | $15000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +5.4% | +5.4% | +11.9% | -1.2% | +2.0% | +7.3% | +22.4% | +13.4% | +12.4% |
| Crecimiento Beneficio Neto (anual) | | +8.4% | +24.4% | +11.6% | -1.9% | +12.8% | +4.2% | +7.5% | -6.6% | +37.1% |
| Crecimiento BPA (anual) | | +9.3% | +24.1% | +11.5% | -2.3% | +12.5% | +4.1% | +7.6% | -6.5% | +37.0% |
| Cambio en Acciones (anual) | | -0.4% | +0.2% | +0.3% | +0.2% | -0.1% | +0.3% | -0.2% | -0.0% | +0.1% |
| Crecimiento FCF (anual) | | +94.5% | +6.6% | -14.2% | +3.2% | +86.3% | -24.5% | -16.0% | +59.8% | -7.8% |
| Margen Bruto | 92.3% | 93.0% | 92.0% | 91.2% | 91.2% | 97.9% | 93.9% | 80.2% | 72.3% | 75.7% |
| Margen Operativo | 30.2% | 32.2% | 30.8% | 31.9% | 31.0% | 35.1% | 34.0% | 29.4% | 24.4% | 30.5% |
| Margen EBITDA | 34.0% | 35.9% | 34.3% | 34.6% | 34.1% | 38.0% | 36.6% | 31.4% | 26.3% | 32.2% |
| Margen Neto | 22.1% | 22.7% | 26.8% | 26.7% | 26.5% | 29.3% | 28.4% | 25.0% | 20.5% | 25.1% |
| Margen FCF | 20.1% | 37.0% | 37.4% | 28.7% | 30.0% | 54.7% | 38.5% | 26.4% | 37.2% | 30.5% |
| Tasa Impositiva Efectiva | 26.8% | 29.4% | 13.1% | 16.1% | 14.3% | 16.4% | 16.3% | 14.9% | 15.6% | 17.7% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $1.87 | $3.65 | $3.88 | $3.32 | $3.42 | $6.38 | $4.80 | $4.04 | $6.46 | $5.95 |
| Dividendo por Acción | $0.84 | $0.87 | $0.93 | $0.96 | $0.97 | $1.05 | $1.05 | $1.09 | $1.13 | $1.21 |
| Acciones en Circulación (Básicas) | $3.3M | $3.3M | $3.3M | $3.3M | $3.3M | $3.3M | $3.4M | $3.3M | $3.3M | $3.3M |
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 | 13.40% |
| Rentabilidad sobre capital invertido | 12.29% |
| Rentabilidad sobre activos | 1.43% |
| Margen bruto | 77.32% |
| Margen operativo | 33.03% |
| Margen neto | 26.79% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 0.50 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 15.81 | 16.40 | 15.28 | 23.55 | 19.99 | 11.88 | 7.01 | 7.30 | 9.03 | 12.11 |
| P/VC | 1.43 | 1.51 | 1.65 | 2.46 | 1.83 | 1.19 | 0.98 | 0.89 | 0.94 | 1.44 |
| P/V | 3.48 | 3.72 | 4.09 | 6.29 | 5.29 | 3.47 | 2.00 | 1.82 | 1.86 | 3.03 |
| Margen Bruto | 92.3% | 93.0% | 92.0% | 91.2% | 91.2% | 97.9% | 93.9% | 80.2% | 72.3% | 75.7% |
| Margen Operativo | 30.2% | 32.2% | 30.8% | 31.9% | 31.0% | 35.1% | 34.0% | 29.4% | 24.4% | 30.5% |
| Margen Neto | 22.1% | 22.7% | 26.8% | 26.7% | 26.5% | 29.3% | 28.4% | 25.0% | 20.5% | 25.1% |