Estados financieros detallados de Foresight Autonomous Holdings Ltd. (FRSX): 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
Márgenes de los últimos 12 meses: margen bruto 66.7%, margen operativo 32.5%, margen neto -29.9%.
Al precio actual de $1.04, FRSX presenta beneficios negativos (P/E no significativo) y un ROE del -187.46%. La capitalización bursátil es de $2M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | 0 | 0 | 0 | 0 | $120000 | $550000 | $497000 | $436000 | $398000 |
| Coste de Ventas | $10159 | 0 | 0 | 0 | 0 | $67000 | $252000 | $143000 | $172000 | $140000 |
| Beneficio Bruto | 0 | 0 | 0 | 0 | 0 | $53000 | $298000 | $354000 | $264000 | $258000 |
| I+D | $902875 | $4.1M | $8.6M | $10.2M | $8.6M | $10.2M | $11.5M | $11.6M | $9.1M | $8.6M |
| Generales y Administrativos | $3.8M | $4.8M | $4.7M | $4.8M | $4.3M | $5.8M | $6.2M | $5.1M | $3.8M | $3.8M |
| Gastos Operativos | $13.2M | $8.9M | $13.3M | $15.0M | $12.8M | $16.0M | $17.8M | $16.6M | $12.9M | $12.4M |
| Beneficio Operativo | -$13.3M | -$8.9M | -$13.3M | -$15.0M | -$12.8M | -$15.9M | -$17.5M | -$16.3M | -$12.7M | -$12.2M |
| EBITDA | -$3.7M | -$1.5M | -$13.1M | -$14.8M | -$12.6M | -$14.9M | -$21.5M | -$18.1M | -$10.9M | -$11.9M |
| Gastos por Intereses | 0 | $39000 | $181000 | 0 | 0 | 0 | 0 | $10000 | $9000 | 0 |
| Beneficio Antes de Impuestos | -$1.9M | -$15.9M | -$14.7M | -$15.4M | -$15.6M | -$15.0M | -$21.7M | -$18.4M | -$11.1M | -$12.1M |
| Impuestos | -$104000 | $7.2M | -$1.2M | -$429000 | -$179000 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$13.3M | -$15.9M | -$14.7M | -$15.0M | -$15.1M | -$15.0M | -$21.7M | -$18.4M | -$11.1M | -$12.1M |
| BPA | $-2402.60 | $-2042.21 | $-1321.43 | $-1201.30 | $-581.43 | $-559.81 | $-806.07 | $-720.78 | $-291.74 | $-32.40 |
| BPA Diluido | $-2402.60 | $-2042.21 | $-1321.43 | $-1166.46 | $-581.43 | $-559.81 | $-806.07 | $-667.92 | $-291.74 | $-32.40 |
| Acciones en Circulación (Diluidas) | $5607 | $7864 | $10991 | $12884 | $26056 | $26881 | $26894 | $27605 | $38873 | $373140 |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $79000 | $398000 | $143500 | $86000 |
| Beneficio Bruto | $51000 | $258000 | $94500 | $62000 |
| Beneficio Operativo | $9.2M | -$12.2M | -$2.9M | -$2.9M |
| EBITDA | -$3.0M | -$12.1M | -$2.9M | -$2.9M |
| Beneficio Neto | -$3.0M | -$12.1M | -$2.8M | -$2.7M |
| BPA | $-2.30 | $-10.80 | $-1.08 | $-0.91 |
| BPA Diluido | $-2.30 | $-10.80 | $-1.08 | $-0.91 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $3.4M | $9.6M | $3.2M | $4.8M | $38.8M | $28.1M | $19.2M | $15.6M | $7.1M | $6.3M |
| Inversiones a Corto | $428950 | $14.6M | $12.9M | $5.3M | $5.2M | $17.5M | $7.2M | $474000 | $71000 | $25999 |
| Cuentas por Cobrar | 0 | $288000 | 0 | 0 | $204000 | $376000 | $462000 | $692000 | $361000 | $369994 |
| Inventario | -$389955 | -$12.0M | -$207000 | -$613000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $3.9M | $24.7M | $16.5M | $10.7M | $44.4M | $46.4M | $27.3M | $17.0M | $7.8M | $6.8M |
| Inmovilizado Material | $67332 | $289000 | $787000 | $1.9M | $1.5M | $3.1M | $2.8M | $2.3M | $1.9M | $1.5M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $5.2M | $28.0M | $24.9M | $19.3M | $49.9M | $53.5M | $32.9M | $19.3M | $9.7M | $8.4M |
| Cuentas por Pagar | $104000 | $330000 | $344000 | $498000 | $391000 | $253000 | $315000 | $136000 | $297000 | $248996 |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $457026 | $1.1M | $1.3M | $2.0M | $2.0M | $2.7M | $2.6M | $2.2M | $1.7M | $2.1M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $851401 | $3.2M | $1.3M | $3.0M | $2.9M | $4.8M | $4.1M | $3.3M | $3.0M | $3.2M |
| Reservas | -$15.0M | -$19.3M | -$34.0M | -$49.4M | -$64.8M | -$79.8M | -$101.5M | -$119.9M | -$131.0M | -$142.9M |
| Patrimonio Neto | $4.4M | $24.8M | $23.6M | $16.3M | $47.0M | $48.4M | $28.3M | $15.4M | $6.1M | $6.2M |
| Deuda Total | 0 | 0 | 0 | $1.4M | $1.3M | $2.7M | $2.0M | $1.6M | $1.6M | $1.5M |
| Deuda Neta | -$3.8M | -$24.2M | -$16.0M | -$8.7M | -$42.7M | -$42.9M | -$24.4M | -$14.5M | -$5.6M | -$4.8M |
| Capital Circulante | $3.4M | $23.5M | $15.2M | $8.7M | $42.4M | $43.7M | $24.7M | $14.9M | $6.1M | $4.8M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $6.2M | $6.2M | $6.3M | $7.0M |
| Activos Totales | $8.4M | $8.4M | 0 | $8.9M |
| Pasivos Totales | $3.2M | $3.2M | -$5.1M | $3.1M |
| Patrimonio Neto | $6.2M | $6.2M | $5.1M | $7.1M |
| Deuda Total | $1.5M | $1.5M | 0 | $1.6M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$13.3M | -$15.9M | -$14.7M | -$15.4M | -$15.4M | -$15.0M | -$21.7M | -$18.4M | -$11.1M | -$12.2M |
| Amortizaciones | $10138 | $49000 | $235000 | $259000 | $254000 | $159000 | $218000 | $263000 | $200000 | $162277 |
| Compensación en Acciones | $2.0M | $2.5M | $2.0M | $1.6M | $1.2M | $2.5M | $1.8M | $1.4M | $788000 | $947000 |
| Cambio en Capital Circulante | $757292 | $312000 | $155000 | $335000 | -$92000 | $221000 | -$481000 | -$438000 | $354000 | $610807 |
| Flujo de Caja Operativo | -$2.4M | -$5.1M | -$11.5M | -$11.9M | -$11.5M | -$12.1M | -$17.1M | -$14.9M | -$11.1M | -$10.5M |
| Inversiones (CapEx) | -$72532 | -$271000 | -$733000 | -$103000 | -$50000 | -$235000 | -$313000 | -$124000 | -$62000 | -$25197 |
| Adquisiciones | -$1.3M | 0 | -$5.1M | 0 | 0 | 0 | -$9.3M | 0 | 0 | 0 |
| 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 | -$2.5M | -$5.3M | -$12.2M | -$12.0M | -$11.5M | -$12.4M | -$17.4M | -$15.1M | -$11.1M | -$10.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$2.5M | -$10.5M | -$2.6M | -$2.2M |
| Inversiones (CapEx) | -$10500 | -$25000 | -$8000 | -$3000 |
| Flujo de Caja Libre | -$2.6M | -$10.5M | -$2.6M | -$2.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $244000 | 0 | $197500 | $185000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | | | | | | +358.3% | -9.6% | -12.3% | -8.7% |
| Crecimiento Beneficio Neto (anual) | | -19.5% | +8.1% | -2.4% | -0.9% | +0.7% | -44.2% | +15.1% | +39.5% | -8.7% |
| Crecimiento BPA (anual) | | +15.0% | +35.3% | +9.1% | +51.6% | +3.7% | -44.0% | +10.6% | +59.5% | +88.9% |
| Cambio en Acciones (anual) | | +40.3% | +39.8% | +17.2% | +102.2% | +3.2% | +0.0% | +2.6% | +40.8% | +859.9% |
| Crecimiento FCF (anual) | | -113.3% | -128.4% | +2.0% | +3.5% | -7.1% | -40.5% | +13.4% | +26.1% | +5.0% |
| Margen Bruto | | | | | | 44.2% | 54.2% | 71.2% | 60.6% | 64.8% |
| Margen Operativo | | | | | | -13287.5% | -3173.6% | -3277.9% | -2907.3% | -3060.6% |
| Margen EBITDA | | | | | | -12397.5% | -3901.5% | -3649.3% | -2506.7% | -3000.5% |
| Margen Neto | | | | | | -12530.0% | -3941.1% | -3704.2% | -2554.6% | -3041.0% |
| Margen FCF | | | | | | -10300.0% | -3158.2% | -3028.2% | -2549.8% | -2653.5% |
| Tasa Impositiva Efectiva | 5.4% | -45.4% | 7.9% | 2.8% | 1.2% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-446.78 | $-679.55 | $-1110.54 | $-928.59 | $-443.08 | $-459.80 | $-645.87 | $-545.19 | $-285.98 | $-28.30 |
| 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) | $5607 | $7864 | $10991 | $12458 | $26056 | $26773 | $25798 | $25563 | $38873 | $373140 |
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 | -187.46% |
| Rentabilidad sobre capital invertido | 170.81% |
| Rentabilidad sobre activos | -129.63% |
| Margen bruto | 66.71% |
| Margen operativo | 3245.68% |
| Margen neto | -2985.94% |
Salud financiera
| Deuda / Patrimonio | 0.22 |
| Ratio corriente | 3.73 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -0.60 | -0.28 | -0.16 | -0.11 | -0.89 | -0.38 | -0.07 | -0.03 | -0.11 | -0.12 |
| P/VC | 1.84 | 0.18 | 0.10 | 0.10 | 0.29 | 0.12 | 0.05 | 0.04 | 0.20 | 0.23 |
| P/V | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 47.84 | 2.50 | 1.11 | 2.77 | 3.63 |
| Margen Bruto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 44.2% | 54.2% | 71.2% | 60.6% | 64.8% |
| Margen Operativo | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -13287.5% | -3173.6% | -3277.9% | -2907.3% | -3060.6% |
| Margen Neto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -12530.0% | -3941.1% | -3704.2% | -2554.6% | -3041.0% |