Estados financieros detallados de Gauzy Ltd. Ordinary Shares (GAUZ): 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 23.6%, margen operativo -50.0%, margen neto -50.7%.
Al precio actual de $7.61, GAUZ presenta beneficios negativos (P/E no significativo) y un ROE del -75.80%. La capitalización bursátil es de $7M.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| Ingresos | $4.7M | $7.3M | $49.0M | $78.0M | $103.5M |
| Coste de Ventas | $3.3M | $5.3M | $43.1M | $61.7M | $73.8M |
| Beneficio Bruto | $1.4M | $2.0M | $6.0M | $16.3M | $29.7M |
| I+D | $5.9M | $8.1M | $12.2M | $16.0M | $17.6M |
| Generales y Administrativos | $6.3M | $8.1M | $23.5M | $31.5M | $38.3M |
| Gastos Operativos | $12.1M | $16.3M | $35.8M | $47.5M | $60.5M |
| Beneficio Operativo | -$10.7M | -$14.3M | -$29.8M | -$31.2M | -$30.8M |
| EBITDA | -$11.7M | -$16.3M | -$28.5M | -$59.9M | -$34.9M |
| Gastos por Intereses | $269000 | $207000 | $3.8M | $13.5M | $11.5M |
| Beneficio Antes de Impuestos | -$12.4M | -$17.1M | -$37.9M | -$79.1M | -$53.1M |
| Impuestos | $43000 | $141000 | $44000 | $183000 | $62000 |
| Beneficio Neto | -$12.5M | -$17.2M | -$37.9M | -$79.3M | -$53.2M |
| BPA | $-13.00 | $-18.00 | $-39.80 | $-83.20 | $-56.80 |
| BPA Diluido | $-13.00 | $-18.00 | $-39.80 | $-83.20 | $-56.80 |
| Acciones en Circulación (Diluidas) | $952720 | $952720 | $952720 | $952720 | $936014 |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 |
|---|
| Ingresos | $23.3M | $31.1M | $22.4M | $20.1M |
| Beneficio Bruto | $5.6M | $11.4M | $5.7M | $4.3M |
| Beneficio Operativo | -$8.8M | -$4.5M | -$8.7M | -$12.5M |
| EBITDA | -$2.6M | -$6.7M | -$6.7M | -$6.2M |
| Beneficio Neto | -$5.5M | -$11.4M | -$10.8M | -$10.7M |
| BPA | $-5.80 | $-12.20 | $-11.60 | $-11.40 |
| BPA Diluido | $-5.80 | $-12.20 | $-11.60 | $-11.40 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| Caja y Equivalentes | $7.9M | $1.9M | $4.7M | $4.7M | $5.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $1.4M | $1.5M | $13.7M | $19.7M | $24.4M |
| Inventario | $931000 | $1.5M | $10.5M | $13.2M | $15.9M |
| Activos Corrientes | $10.8M | $5.4M | $36.0M | $46.5M | $54.6M |
| Inmovilizado Material | $5.8M | $8.1M | $26.4M | $32.9M | $38.0M |
| Fondo de Comercio | 0 | 0 | $20.8M | $21.6M | $20.3M |
| Activos Intangibles | $575000 | $337000 | $21.9M | $23.9M | $19.3M |
| Activos Totales | $22.5M | $22.0M | $109.5M | $127.9M | $138.2M |
| Cuentas por Pagar | $1.5M | $2.5M | $11.7M | $14.0M | $18.1M |
| Deuda a Corto | $4.3M | $6.8M | $20.8M | $28.5M | $16.5M |
| Pasivos Corrientes | $8.8M | $18.1M | $51.2M | $64.9M | $56.7M |
| Deuda a Largo | $1.1M | $525000 | $33.4M | $94.6M | $21.9M |
| Pasivos Totales | $11.4M | $20.6M | $101.6M | $194.3M | $89.9M |
| Reservas | -$37.4M | -$54.7M | -$92.6M | -$171.8M | -$225.0M |
| Patrimonio Neto | $11.1M | $1.4M | $7.9M | -$66.4M | $48.3M |
| Deuda Total | $6.3M | $9.3M | $63.4M | $135.0M | $48.4M |
| Deuda Neta | -$1.6M | $7.4M | $58.7M | $130.3M | $42.8M |
| Capital Circulante | $2.0M | -$12.7M | -$15.3M | -$18.4M | -$2.1M |
Balance (Trimestral)
| Año | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 |
|---|
| Caja y Equivalentes | $9.4M | $5.6M | $1.2M | $1.2M |
| Activos Totales | $144.6M | $138.2M | $134.6M | $136.8M |
| Pasivos Totales | $86.2M | $89.9M | $95.7M | $118.9M |
| Patrimonio Neto | $58.3M | $48.3M | $38.9M | $17.9M |
| Deuda Total | $47.3M | $48.4M | $47.1M | $63.3M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| Beneficio Neto | -$12.5M | -$17.2M | -$37.9M | -$79.3M | -$53.2M |
| Amortizaciones | $404000 | $528000 | $5.6M | $5.7M | $6.7M |
| Compensación en Acciones | $224000 | $1.2M | $1.7M | $2.6M | $6.6M |
| Cambio en Capital Circulante | -$97000 | $406000 | -$4.8M | -$1.9M | -$4.1M |
| Flujo de Caja Operativo | -$10.6M | -$12.6M | -$29.8M | -$31.1M | -$31.9M |
| Inversiones (CapEx) | -$1.2M | -$1.7M | -$3.7M | -$10.4M | -$11.6M |
| Adquisiciones | 0 | 0 | -$36.2M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$11.9M | -$14.4M | -$33.4M | -$41.5M | -$43.5M |
Flujo de Caja (Trimestral)
| Año | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 |
|---|
| Flujo de Caja Operativo | -$14.7M | -$1.5M | -$563000 | -$3.3M |
| Inversiones (CapEx) | -$2.7M | -$4.6M | -$1.7M | -$1.9M |
| Flujo de Caja Libre | -$17.4M | -$6.1M | -$2.3M | -$5.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1.0M | $2.3M | $898000 | $1.1M |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| Crecimiento Ingresos (anual) | | +54.2% | +570.6% | +59.0% | +32.8% |
| Crecimiento Beneficio Neto (anual) | | -38.2% | -120.1% | -109.1% | +32.9% |
| Crecimiento BPA (anual) | | -38.5% | -121.1% | -109.0% | +31.7% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | +0.0% | -1.8% |
| Crecimiento FCF (anual) | | -20.9% | -132.8% | -24.3% | -4.8% |
| Margen Bruto | 29.8% | 27.7% | 12.2% | 20.9% | 28.7% |
| Margen Operativo | -226.1% | -195.4% | -60.8% | -40.1% | -29.7% |
| Margen EBITDA | -247.8% | -223.6% | -58.1% | -76.8% | -33.7% |
| Margen Neto | -262.9% | -235.5% | -77.3% | -101.7% | -51.4% |
| Margen FCF | -250.4% | -196.3% | -68.2% | -53.3% | -42.0% |
| Tasa Impositiva Efectiva | -0.3% | -0.8% | -0.1% | -0.2% | -0.1% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| FCF por Acción | $-12.46 | $-15.07 | $-35.09 | $-43.61 | $-46.50 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $952720 | $952720 | $952720 | $952720 | $936014 |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -75.80% |
| Rentabilidad sobre capital invertido | -24.54% |
| Rentabilidad sobre activos | -15.73% |
| Margen bruto | 23.62% |
| Margen operativo | -49.98% |
| Margen neto | -50.72% |
Salud financiera
| Deuda / Patrimonio | 3.54 |
| Ratio corriente | 0.66 |
| Piotroski F-Score | 7 |
| Altman Z-Score | -1.04 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| P/E | -25.31 | -18.28 | -8.27 | -3.95 | -3.49 |
| P/VC | 28.14 | 216.92 | 39.53 | -4.72 | 3.84 |
| P/V | 66.11 | 42.87 | 6.39 | 4.02 | 1.79 |
| Margen Bruto | 29.8% | 27.7% | 12.2% | 20.9% | 28.7% |
| Margen Operativo | -226.1% | -195.4% | -60.8% | -40.1% | -29.7% |
| Margen Neto | -262.9% | -235.5% | -77.3% | -101.7% | -51.4% |