Estados financieros detallados de None (FRST): 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
None registró ingresos de $312.6M en el último ejercicio fiscal, con un CAGR de 5 años del 18.9%. El beneficio neto alcanzó $61.4M, con un CAGR a 5 años del 21.7%.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $50.7M | $88.6M | $127.4M | $130.4M | $131.4M | $123.7M | $141.6M | $237.9M | $254.1M | $312.6M |
| Coste de Ventas | $13.5M | $23.5M | $29.4M | $35.7M | $45.6M | $13.2M | $32.9M | $126.4M | $157.4M | $101.3M |
| Beneficio Bruto | $37.1M | $65.1M | $98.0M | $94.6M | $85.8M | $110.5M | $108.8M | $111.4M | $96.7M | $211.3M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $13.7M | $22.8M | $31.6M | $30.3M | $38.4M | $39.3M | $53.0M | $63.5M | $71.1M | $93.4M |
| Gastos Operativos | $21.7M | $49.5M | $54.7M | $56.6M | $67.1M | $70.9M | $91.4M | $122.6M | $125.6M | $138.7M |
| Beneficio Operativo | $15.4M | $15.6M | $43.3M | $38.1M | $18.7M | $39.6M | $17.3M | -$11.2M | -$28.9M | $72.6M |
| EBITDA | $16.4M | $20.2M | $50.7M | $46.2M | $26.9M | $47.6M | $24.8M | -$2.1M | -$20.0M | $81.9M |
| Gastos por Intereses | $8.6M | $15.7M | $27.8M | $36.9M | $26.1M | $19.0M | $21.6M | $93.9M | $106.7M | $89.0M |
| Beneficio Antes de Impuestos | $15.4M | $15.6M | $43.3M | $38.1M | $18.7M | $39.6M | $17.3M | -$11.2M | -$28.9M | $72.6M |
| Impuestos | $5.1M | $13.1M | $9.6M | $5.9M | $4.1M | $8.7M | $3.2M | -$1.1M | -$4.2M | $14.7M |
| Beneficio Neto | $10.3M | $2.4M | $33.7M | $33.2M | $23.0M | $31.1M | $14.1M | -$7.8M | -$16.2M | $61.4M |
| BPA | $0.84 | $0.13 | $1.40 | $1.38 | $0.96 | $1.28 | $0.58 | $-0.32 | $-0.66 | $2.49 |
| BPA Diluido | $0.83 | $0.13 | $1.39 | $1.36 | $0.96 | $1.26 | $0.57 | $-0.32 | $-0.66 | $2.49 |
| Acciones en Circulación (Diluidas) | $12.4M | $18.7M | $24.3M | $24.3M | $24.4M | $24.6M | $24.7M | $24.7M | $24.7M | $24.7M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $63.7M | $103.3M | $67.1M | $78.4M |
| Beneficio Bruto | $41.0M | $78.4M | $44.1M | $50.3M |
| Beneficio Operativo | $8.7M | $36.3M | $10.3M | $12.1M |
| EBITDA | $10.8M | $39.1M | $13.7M | $15.4M |
| Beneficio Neto | $6.8M | $29.5M | $7.3M | $9.4M |
| BPA | $0.28 | $1.20 | $0.30 | $0.38 |
| BPA Diluido | $0.28 | $1.20 | $0.30 | $0.38 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $47.4M | $23.8M | $27.8M | $31.9M | $196.2M | $530.2M | $77.9M | $77.6M | $64.5M | $143.6M |
| Inversiones a Corto | $3.9M | $160.7M | $143.4M | $164.8M | $153.2M | $271.3M | $236.3M | $228.4M | $178.7M | $159.8M |
| Cuentas por Cobrar | 0 | 0 | 0 | $8.2M | $20.0M | $11.9M | 0 | 0 | 0 | $18.0M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $51.3M | $184.4M | $171.2M | $205.0M | $369.4M | $813.4M | $314.2M | $306.0M | $243.2M | $143.6M |
| Inmovilizado Material | $8.2M | $35.8M | $32.4M | $39.2M | $37.8M | $36.3M | $30.6M | $31.3M | $29.7M | $71.7M |
| Fondo de Comercio | $10.5M | $100.7M | $102.0M | $102.0M | $102.0M | $102.0M | $104.6M | $93.5M | $93.5M | $93.5M |
| Activos Intangibles | $874000 | $10.1M | $8.6M | $7.2M | $5.8M | $4.5M | $13.7M | $12.7M | $8.7M | $36000 |
| Activos Totales | $1.14B | $2.61B | $2.70B | $2.72B | $3.09B | $3.41B | $3.57B | $3.86B | $3.69B | $4.05B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $95.0M | $351.1M | $182.1M | $134.5M | $16.1M | $10.0M | $6.4M | $3.0M | $3.9M | $43.3M |
| Pasivos Corrientes | $1.01B | $2.22B | $2.28B | $2.26B | $2.45B | $2.77B | $2.73B | $3.27B | $3.17B | $2.20B |
| Deuda a Largo | 0 | $56.7M | $56.7M | $56.7M | $215.3M | $195.0M | $420.3M | $146.0M | $113.1M | $157.5M |
| Pasivos Totales | $1.02B | $2.29B | $2.35B | $2.34B | $2.70B | $3.00B | $3.18B | $3.46B | $3.33B | $3.62B |
| Reservas | $22.1M | $18.8M | $45.0M | $69.5M | $78.0M | $97.6M | $101.8M | $84.1M | $58.0M | $109.6M |
| Patrimonio Neto | $126.3M | $322.8M | $348.3M | $377.2M | $390.6M | $411.9M | $389.0M | $376.2M | $351.8M | $422.9M |
| Deuda Total | $95.0M | $407.7M | $238.7M | $199.7M | $239.6M | $211.5M | $432.5M | $160.7M | $128.6M | $262.2M |
| Deuda Neta | $43.7M | $223.3M | $67.5M | $2.9M | -$109.8M | -$590.0M | $118.3M | -$145.3M | -$114.7M | -$41.3M |
| Capital Circulante | -$956.7M | -$2.03B | -$2.11B | -$2.05B | -$2.08B | -$1.96B | -$2.41B | -$2.97B | -$2.93B | -$2.06B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $63.9M | $143.6M | $8.4M | $10.1M |
| Activos Totales | $3.95B | $4.05B | $4.26B | $4.35B |
| Pasivos Totales | $3.57B | $3.62B | $3.83B | $3.92B |
| Patrimonio Neto | $382.2M | $422.9M | $427.2M | $433.8M |
| Deuda Total | $211.1M | $200.8M | $378.1M | $448.1M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $10.3M | $2.4M | $33.7M | $32.2M | $14.6M | $31.0M | $14.1M | -$10.1M | -$24.7M | $57.8M |
| Amortizaciones | $981000 | $4.6M | $7.4M | $8.2M | $8.2M | $8.0M | $7.4M | $9.1M | $8.9M | $9.4M |
| Compensación en Acciones | $260000 | $251000 | $280000 | $432000 | $1.5M | $747000 | $395000 | $712000 | $940000 | $2.9M |
| Cambio en Capital Circulante | $4.2M | $2.4M | -$2.7M | -$645000 | -$9.2M | -$8.1M | $10.6M | -$577000 | -$4.1M | $9.9M |
| Flujo de Caja Operativo | $18.0M | $24.6M | $41.4M | $36.8M | $26.2M | $27.3M | $12.4M | $28.8M | $19.5M | $10.8M |
| Inversiones (CapEx) | -$143000 | -$1.4M | -$2.0M | -$1.1M | -$1.1M | -$2.5M | -$1.0M | -$1.9M | -$1.2M | -$1.7M |
| Adquisiciones | 0 | $24.0M | 0 | 0 | 0 | 0 | -$4.6M | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | -$135000 | -$14000 | -$11000 | -$31000 | -$4000 | -$807000 |
| Dividendos Pagados | -$3.9M | -$5.8M | -$7.7M | -$8.7M | -$9.7M | -$9.8M | -$9.9M | -$9.9M | -$9.9M | -$9.9M |
| Flujo de Caja Libre | $17.9M | $23.2M | $39.5M | $35.7M | $25.1M | $24.9M | $11.4M | $26.9M | $18.3M | $9.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$11.4M | $28.7M | -$54.4M | -$5.7M |
| Inversiones (CapEx) | 0 | -$1.7M | -$204000 | $204000 |
| Flujo de Caja Libre | -$11.4M | $27.0M | -$54.4M | -$5.5M |
| Dividendos Pagados | -$2.5M | -$2.5M | -$2.6M | -$2.5M |
| Compensación en Acciones | $12000 | $2.8M | $113000 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +74.9% | +43.8% | +2.3% | +0.8% | -5.9% | +14.5% | +67.9% | +6.8% | +23.0% |
| Crecimiento Beneficio Neto (anual) | | -76.5% | +1289.3% | -1.6% | -30.7% | +35.4% | -54.5% | -155.4% | -106.9% | +479.2% |
| Crecimiento BPA (anual) | | -84.5% | +976.9% | -1.4% | -30.4% | +33.3% | -54.7% | -155.2% | -106.2% | +477.3% |
| Cambio en Acciones (anual) | | +50.4% | +29.9% | +0.2% | +0.2% | +1.0% | +0.3% | +0.1% | +0.0% | -0.0% |
| Crecimiento FCF (anual) | | +29.5% | +70.4% | -9.6% | -29.6% | -1.0% | -54.1% | +135.5% | -31.8% | -50.7% |
| Margen Bruto | 73.3% | 73.4% | 76.9% | 72.6% | 65.3% | 89.3% | 76.8% | 46.8% | 38.1% | 67.6% |
| Margen Operativo | 30.4% | 17.6% | 34.0% | 29.2% | 14.2% | 32.0% | 12.2% | -4.7% | -11.4% | 23.2% |
| Margen EBITDA | 32.4% | 22.8% | 39.8% | 35.5% | 20.5% | 38.5% | 17.5% | -0.9% | -7.9% | 26.2% |
| Margen Neto | 20.4% | 2.7% | 26.4% | 25.4% | 17.5% | 25.2% | 10.0% | -3.3% | -6.4% | 19.7% |
| Margen FCF | 35.3% | 26.1% | 31.0% | 27.4% | 19.1% | 20.1% | 8.1% | 11.3% | 7.2% | 2.9% |
| Tasa Impositiva Efectiva | 33.1% | 84.4% | 22.2% | 15.5% | 22.1% | 21.9% | 18.4% | 9.5% | 14.7% | 20.3% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $1.44 | $1.24 | $1.63 | $1.47 | $1.03 | $1.01 | $0.46 | $1.09 | $0.74 | $0.37 |
| Dividendo por Acción | $0.32 | $0.31 | $0.32 | $0.36 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 |
| Acciones en Circulación (Básicas) | $12.2M | $18.4M | $24.0M | $24.1M | $24.2M | $24.4M | $24.6M | $24.7M | $24.7M | $24.7M |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 19.45 | 123.31 | 9.44 | 11.85 | 12.61 | 11.75 | 20.43 | -39.56 | -17.67 | 5.59 |
| P/VC | 1.58 | 0.91 | 0.91 | 1.04 | 0.75 | 0.89 | 0.75 | 0.83 | 0.82 | 0.81 |
| P/V | 3.95 | 3.33 | 2.49 | 3.02 | 2.23 | 2.97 | 2.05 | 1.31 | 1.13 | 1.10 |
| Margen Bruto | 73.3% | 73.4% | 76.9% | 72.6% | 65.3% | 89.3% | 76.8% | 46.8% | 38.1% | 67.6% |
| Margen Operativo | 30.4% | 17.6% | 34.0% | 29.2% | 14.2% | 32.0% | 12.2% | -4.7% | -11.4% | 23.2% |
| Margen Neto | 20.4% | 2.7% | 26.4% | 25.4% | 17.5% | 25.2% | 10.0% | -3.3% | -6.4% | 19.7% |