Estados financieros detallados de FGI Industries Ltd. (FGI): 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
FGI Industries Ltd. registró ingresos de $130.5M en el último ejercicio fiscal, con un CAGR de 5 años del -0.6%.
Márgenes de los últimos 12 meses: margen bruto 28.5%, margen operativo 0.3%, margen neto -3.1%.
Al precio actual de $9.08, FGI presenta beneficios negativos (P/E no significativo) y un ROE del -22.50%. La capitalización bursátil es de $18M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $126.3M | $134.8M | $181.9M | $161.7M | $117.2M | $131.8M | $130.5M |
| Coste de Ventas | $100.8M | $106.4M | $149.7M | $130.2M | $85.2M | $96.4M | $95.3M |
| Beneficio Bruto | $25.4M | $28.4M | $32.2M | $31.5M | $32.1M | $35.4M | $35.3M |
| I+D | $703779 | $814254 | $646069 | $1.1M | $1.4M | $1.7M | $1.4M |
| Generales y Administrativos | $22.3M | $21.3M | $23.8M | $25.4M | $28.4M | $35.8M | $36.2M |
| Gastos Operativos | $23.0M | $22.1M | $24.5M | $26.4M | $29.8M | $37.5M | $37.7M |
| Beneficio Operativo | $2.5M | $6.3M | $7.7M | $5.1M | $2.3M | -$2.1M | -$2.4M |
| EBITDA | $2.9M | $6.5M | $9.6M | $5.4M | $4.2M | $2.1M | -$102138 |
| Gastos por Intereses | $448412 | $418867 | $411185 | $600798 | $749729 | $1.2M | $1.3M |
| Beneficio Antes de Impuestos | $2.0M | $5.5M | $8.9M | $4.5M | $1.4M | -$2.3M | -$4.3M |
| Impuestos | $404004 | $774444 | $961634 | $860630 | $808224 | -$547821 | $2.8M |
| Beneficio Neto | $1.6M | $4.7M | $7.9M | $3.7M | $733604 | -$1.2M | -$6.1M |
| BPA | $0.17 | $0.50 | $0.83 | $0.39 | $0.08 | $-0.13 | $-3.20 |
| BPA Diluido | $0.17 | $0.50 | $0.83 | $0.39 | $0.07 | $-0.13 | $-3.20 |
| Acciones en Circulación (Diluidas) | $9.5M | $9.5M | $9.5M | $9.5M | $9.8M | $9.6M | $1.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $35.8M | $30.5M | $30.5M | $31.9M |
| Beneficio Bruto | $9.5M | $8.3M | $8.2M | $10.7M |
| Beneficio Operativo | $369723 | -$658582 | -$691409 | $1.4M |
| EBITDA | $1.0M | -$43417 | -$55074 | $1.7M |
| Beneficio Neto | -$1.7M | -$2.6M | -$969405 | $1.3M |
| BPA | $-0.86 | $-1.37 | $-0.50 | $0.67 |
| BPA Diluido | $-0.86 | $-1.37 | $-0.50 | $0.65 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $2.4M | $4.0M | $3.9M | $10.1M | $7.8M | $4.6M | $1.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $15.7M | $17.3M | $26.4M | $14.3M | $16.2M | $20.3M | $31.1M |
| Inventario | $9.3M | $8.3M | $21.3M | $13.3M | $9.9M | $14.0M | $15.3M |
| Activos Corrientes | $28.4M | $33.7M | $56.2M | $45.9M | $46.1M | $52.9M | $51.5M |
| Inmovilizado Material | $9.6M | $9.9M | $8.5M | $11.1M | $17.1M | $16.5M | $14.9M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $213417 | $128050 | $42683 | $42683 | $102227 | $1.8M | $1.7M |
| Activos Totales | $39.5M | $45.1M | $69.2M | $60.4M | $65.7M | $75.5M | $69.5M |
| Cuentas por Pagar | $16.7M | $19.5M | $30.8M | $14.8M | $15.3M | $20.2M | $24.7M |
| Deuda a Corto | $8.2M | $11.1M | $14.7M | $9.8M | $7.0M | $14.5M | $11.9M |
| Pasivos Corrientes | $28.8M | $35.4M | $54.7M | $29.8M | $28.0M | $42.5M | $43.9M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $35.9M | $43.6M | $61.6M | $37.6M | $41.7M | $53.9M | $53.9M |
| Reservas | 0 | 0 | 0 | $3.7M | $4.4M | $3.2M | -$2.9M |
| Patrimonio Neto | $3.6M | $1.5M | $7.5M | $22.7M | $24.2M | $22.3M | $17.3M |
| Deuda Total | $17.1M | $20.5M | $22.9M | $19.2M | $22.2M | $27.7M | $23.6M |
| Deuda Neta | $14.6M | $16.5M | $19.0M | $9.1M | $14.5M | $23.2M | $21.7M |
| Capital Circulante | -$406088 | -$1.7M | $1.4M | $16.1M | $18.1M | $10.4M | $7.6M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $1.9M | $1.9M | $2.7M | $4.4M |
| Activos Totales | $73.0M | $69.5M | $69.3M | $67.8M |
| Pasivos Totales | $54.6M | $53.9M | $55.0M | $52.7M |
| Patrimonio Neto | $19.7M | $17.3M | $16.2M | $17.1M |
| Deuda Total | $26.1M | $23.6M | $24.4M | $10.6M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $1.6M | $4.7M | $7.9M | $3.7M | $733604 | -$1.7M | -$6.1M |
| Amortizaciones | $525128 | $352471 | $287078 | $218662 | $2.0M | $3.2M | $2.9M |
| Compensación en Acciones | 0 | 0 | 0 | $383572 | $417978 | $401216 | 0 |
| Cambio en Capital Circulante | -$407355 | -$202111 | -$12.3M | -$2.1M | -$1.1M | -$7.5M | $1.4M |
| Flujo de Caja Operativo | $1.3M | $5.8M | -$3.2M | $980265 | $1.4M | -$7.4M | $673220 |
| Inversiones (CapEx) | -$233861 | -$76532 | -$57839 | -$1.1M | -$942614 | -$2.2M | -$885740 |
| Adquisiciones | 0 | 0 | $5949 | $400 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | -$2.0M | -$7.1M | -$1.9M | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $1.1M | $5.7M | -$3.3M | -$83958 | $447085 | -$9.6M | -$212520 |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.9M | $2.3M | -$325713 | $2.1M |
| Inversiones (CapEx) | -$262697 | -$42006 | -$79726 | -$90215 |
| Flujo de Caja Libre | -$2.1M | $2.3M | -$405439 | $2.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | $18202 | -$116394 | $123250 |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +6.8% | +34.9% | -11.1% | -27.5% | +12.4% | -1.0% |
| Crecimiento Beneficio Neto (anual) | | +201.1% | +67.1% | -53.5% | -80.1% | -263.7% | -411.2% |
| Crecimiento BPA (anual) | | +194.1% | +66.0% | -53.0% | -80.3% | -268.8% | -2361.5% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | +0.0% | +3.4% | -2.6% | -79.9% |
| Crecimiento FCF (anual) | | +440.2% | -157.2% | +97.4% | +632.5% | -2254.3% | +97.8% |
| Margen Bruto | 20.1% | 21.1% | 17.7% | 19.5% | 27.4% | 26.9% | 27.0% |
| Margen Operativo | 1.9% | 4.7% | 4.2% | 3.1% | 2.0% | -1.6% | -1.8% |
| Margen EBITDA | 2.3% | 4.8% | 5.3% | 3.3% | 3.5% | 1.6% | -0.1% |
| Margen Neto | 1.2% | 3.5% | 4.3% | 2.3% | 0.6% | -0.9% | -4.7% |
| Margen FCF | 0.8% | 4.2% | -1.8% | -0.1% | 0.4% | -7.3% | -0.2% |
| Tasa Impositiva Efectiva | 20.5% | 14.1% | 10.8% | 19.0% | 58.2% | 24.0% | -64.2% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.11 | $0.60 | $-0.34 | $-0.01 | $0.05 | $-1.01 | $-0.11 |
| Dividendo por Acción | $0.22 | $0.75 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $9.5M | $9.5M | $9.5M | $9.5M | $9.5M | $9.6M | $1.9M |
Qué mirar en empresas de Consumer Cyclical
- Margen operativo medio 5a (Media del ciclo) — Mira la media del ciclo, no el año actual (pico o valle).
- Rotación de inventario (≥4x/año) — El retail sano rota inventario rápido. Una caída señala demanda débil.
- ROIC medio 5a (≥12%) — Cíclicas con ROIC medio >12% son ganadoras estructurales.
- Deuda neta / EBITDA (pico) (<3x en valle) — En cíclicas la deuda mata en recesión.
- Current Ratio (>1,5x) — Aguanta 12-18 meses sin caja operativa.
- Altman Z-Score (>2,99 seguro) — Modelo de bancarrota — clave en cíclicas sensibles a recesión.
Rentabilidad
| Rentabilidad sobre capital | -22.50% |
| Rentabilidad sobre capital invertido | 1.63% |
| Rentabilidad sobre activos | -5.83% |
| Margen bruto | 28.48% |
| Margen operativo | 0.33% |
| Margen neto | -3.07% |
Salud financiera
| Deuda / Patrimonio | 0.62 |
| Ratio corriente | 1.18 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 114.71 | 39.00 | 23.49 | 27.56 | 106.49 | -29.85 | -1.78 |
| P/VC | 51.17 | 120.94 | 24.54 | 4.49 | 3.23 | 1.67 | 0.63 |
| P/V | 1.47 | 1.37 | 1.02 | 0.63 | 0.67 | 0.28 | 0.08 |
| Margen Bruto | 20.1% | 21.1% | 17.7% | 19.5% | 27.4% | 26.9% | 27.0% |
| Margen Operativo | 1.9% | 4.7% | 4.2% | 3.1% | 2.0% | -1.6% | -1.8% |
| Margen Neto | 1.2% | 3.5% | 4.3% | 2.3% | 0.6% | -0.9% | -4.7% |