Estados financieros detallados de Gevo, Inc. (GEVO): 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
Gevo, Inc. registró ingresos de $160.6M en el último ejercicio fiscal, con un CAGR de 5 años del 96.1%.
Márgenes de los últimos 12 meses: margen bruto 42.9%, margen operativo -104.5%, margen neto -119.9%.
Al precio actual de $1.52, GEVO presenta beneficios negativos (P/E no significativo) y un ROE del -51.42%. La capitalización bursátil es de $370M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ingresos | $26.5M | $27.3M | $32.9M | $24.5M | $5.5M | $533000 | $1.2M | $17.2M | $16.9M | $160.6M |
| Coste de Ventas | $37.0M | $38.2M | $41.6M | $36.7M | $15.0M | $7.7M | $8.7M | $12.0M | $12.0M | $112.0M |
| Beneficio Bruto | -$10.5M | -$10.9M | -$8.7M | -$12.3M | -$9.5M | -$7.2M | -$7.5M | $5.2M | $4.9M | $48.5M |
| I+D | $5.2M | $5.2M | $5.4M | $4.0M | $3.5M | $17.4M | $17.5M | $6.6M | $23.7M | $4.5M |
| Generales y Administrativos | $9.0M | $7.5M | $8.1M | $10.1M | $11.2M | $25.5M | $39.9M | $42.6M | $45.8M | $51.2M |
| Gastos Operativos | $13.5M | $12.4M | $13.5M | $14.1M | $17.5M | $53.1M | $95.2M | $87.0M | $95.7M | $67.4M |
| Beneficio Operativo | -$24.0M | -$23.3M | -$22.2M | -$26.4M | -$27.0M | -$60.3M | -$102.7M | -$81.8M | -$90.8M | -$18.9M |
| EBITDA | -$22.6M | -$15.0M | -$18.2M | -$19.2M | -$32.2M | -$53.8M | -$89.0M | -$45.0M | -$56.5M | $10.3M |
| Gastos por Intereses | $7.8M | $3.0M | $3.2M | $2.7M | $2.1M | $251000 | $1.2M | $2.2M | $3.9M | $17.6M |
| Beneficio Antes de Impuestos | -$37.2M | -$24.6M | -$28.0M | -$28.7M | -$40.2M | -$59.2M | -$98.0M | -$66.2M | -$78.6M | -$32.6M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$37.2M | -$24.6M | -$28.0M | -$28.7M | -$40.2M | -$59.2M | -$98.0M | -$66.2M | -$78.6M | -$33.8M |
| BPA | $-193.52 | $-30.23 | $-5.74 | $-2.58 | $-0.71 | $-0.30 | $-0.44 | $-0.28 | $-0.34 | $-0.14 |
| BPA Diluido | $-193.52 | $-30.23 | $-5.74 | $-2.58 | $-0.71 | $-0.30 | $-0.44 | $-0.28 | $-0.34 | $-0.14 |
| Acciones en Circulación (Diluidas) | $192371 | $814796 | $4.9M | $12.2M | $56.9M | $195.8M | $221.5M | $238.7M | $231.7M | $234.0M |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $27.9M | $11.6M | $33.7M | $16.3M | $78.3M | $40.8M | $237.1M | $298.3M | $189.4M | $1.1M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | $275.3M | $167.4M | 0 | 0 | 0 |
| Cuentas por Cobrar | $1.1M | $1.1M | $526000 | $1.1M | $527000 | $2.5M | $476000 | $4.0M | $3.1M | $9.4M |
| Inventario | $3.5M | $4.4M | $3.2M | $3.2M | $2.5M | $2.8M | $6.3M | $3.8M | $4.5M | -$4.1M |
| Activos Corrientes | $33.3M | $17.7M | $38.7M | $24.2M | $83.3M | $348.5M | $415.4M | $386.4M | $203.7M | $143.4M |
| Inmovilizado Material | $75.6M | $70.4M | $67.0M | $66.7M | $66.7M | $140.4M | $178.4M | $213.1M | $224.6M | -$30.1M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $3.7M | $43.6M |
| Activos Intangibles | 0 | 0 | 0 | 0 | $114000 | $8.9M | $7.7M | $6.5M | $8.1M | $95.0M |
| Activos Totales | $112.3M | $88.9M | $107.0M | $93.4M | $152.1M | $645.4M | $700.7M | $650.3M | $583.9M | $718.9M |
| Cuentas por Pagar | $2.6M | $666000 | $1.9M | $1.5M | $897000 | $4.8M | $5.0M | $2.7M | $539000 | $1.1M |
| Deuda a Corto | $25.8M | $5.2M | $394000 | $14.4M | $807000 | $158000 | $159000 | $68.1M | $21000 | 0 |
| Pasivos Corrientes | $34.7M | $11.2M | $5.3M | $20.1M | $4.9M | $29.1M | $25.4M | $91.4M | $24.4M | $78.6M |
| Deuda a Largo | $8.2M | $14.0M | $12.6M | $233000 | $447000 | $66.8M | $67.4M | $21000 | $67.1M | $164.8M |
| Pasivos Totales | $43.1M | $25.3M | $18.2M | $20.9M | $5.7M | $98.1M | $95.3M | $92.9M | $94.5M | $247.8M |
| Reservas | -$376.7M | -$401.4M | -$429.3M | -$458.0M | -$498.2M | -$557.4M | -$655.4M | -$721.6M | -$800.2M | -$834.2M |
| Patrimonio Neto | $69.3M | $63.5M | $88.8M | $72.5M | $146.4M | $547.3M | $605.5M | $557.4M | $489.5M | $466.3M |
| Deuda Total | $34.0M | $14.0M | $12.9M | $14.6M | $1.6M | $69.9M | $69.7M | $70.2M | $70.6M | $167.5M |
| Deuda Neta | $6.1M | $2.5M | -$20.8M | -$1.7M | -$76.7M | -$246.3M | -$334.8M | -$228.2M | -$118.8M | $166.4M |
| Capital Circulante | -$1.3M | $6.5M | $33.4M | $4.1M | $78.3M | $319.4M | $390.0M | $295.0M | $179.3M | $64.8M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Beneficio Neto | -$37.2M | -$24.6M | -$28.0M | -$28.7M | -$40.2M | -$59.2M | -$98.0M | -$66.2M | -$78.6M | -$32.6M |
| Amortizaciones | $6.7M | $6.6M | $6.5M | $6.7M | $5.9M | $5.1M | $7.9M | $19.0M | $18.3M | $27.3M |
| Compensación en Acciones | $886000 | $421000 | $571000 | $1.3M | $2.1M | $9.9M | $17.4M | $17.1M | $14.7M | $9.2M |
| Cambio en Capital Circulante | -$518000 | -$2.4M | $781000 | -$1.2M | $848000 | -$13.7M | -$458000 | -$24.4M | -$14.3M | $34.8M |
| Flujo de Caja Operativo | -$20.5M | -$20.6M | -$15.9M | -$20.8M | -$19.3M | -$48.3M | -$44.3M | -$53.7M | -$57.4M | -$13.4M |
| Inversiones (CapEx) | -$5.9M | -$1.9M | -$2.2M | -$6.0M | -$5.9M | -$65.9M | -$84.1M | -$54.5M | -$51.1M | -$30.1M |
| Adquisiciones | 0 | 0 | 0 | -$1.5M | 0 | 0 | 0 | 0 | -$6.1M | -$191.5M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$4.7M | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$26.5M | -$22.5M | -$18.1M | -$26.8M | -$25.2M | -$114.2M | -$128.4M | -$108.2M | -$108.5M | -$43.5M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | +2.9% | +20.3% | -25.6% | -77.4% | -90.4% | +120.5% | +1363.8% | -1.7% | +849.3% | |
| Crecimiento Beneficio Neto (anual) | +33.8% | -13.6% | -2.4% | -40.2% | -47.3% | -65.5% | +32.4% | -18.8% | +57.0% | |
| Crecimiento BPA (anual) | +84.4% | +81.0% | +55.1% | +72.5% | +57.7% | -46.7% | +36.4% | -21.4% | +58.8% | |
| Cambio en Acciones (anual) | +323.6% | +498.5% | +149.7% | +367.1% | +244.2% | +13.1% | +7.7% | -2.9% | +1.0% | |
| Crecimiento FCF (anual) | +14.8% | +19.7% | -48.4% | +5.9% | -352.4% | -12.4% | +15.8% | -0.3% | +59.9% | |
| Margen Bruto | -39.5% | -39.8% | -26.5% | -50.2% | -171.0% | -1342.2% | -640.3% | 30.3% | 29.0% | 30.2% |
| Margen Operativo | -90.4% | -85.3% | -67.6% | -107.8% | -487.0% | -11307.3% | -8739.2% | -475.8% | -536.9% | -11.7% |
| Margen EBITDA | -85.3% | -55.1% | -55.4% | -78.6% | -581.4% | -10098.3% | -7570.5% | -261.9% | -333.8% | 6.4% |
| Margen Neto | -140.3% | -90.2% | -85.1% | -117.2% | -725.9% | -11107.5% | -8341.0% | -385.0% | -464.9% | -21.1% |
| Margen FCF | -99.7% | -82.5% | -55.0% | -109.7% | -456.0% | -21428.0% | -10927.5% | -628.9% | -641.3% | -27.1% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -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 | $-137.52 | $-27.65 | $-3.71 | $-2.20 | $-0.44 | $-0.58 | $-0.58 | $-0.45 | $-0.47 | $-0.19 |
| 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) | $192371 | $814796 | $4.9M | $12.2M | $56.9M | $195.8M | $221.5M | $238.7M | $231.7M | $234.0M |
Qué mirar en Basic Materials
Mineras, químicas, acero. 100% commodity-driven. Analizar con P/E puro es un error — mira posición de costes y sostenibilidad del dividendo.
- FCF yield — En commodities el FCF es oro — EPS engaña mucho
- Margen bruto — Margen bruto consistente 5y = señal de moat
- Deuda neta / EBITDA (valle) — Usar EBITDA del peor año del ciclo, no el actual
- Dividend coverage — Dividendo cubierto por FCF en año medio, no en pico
- Capex / D&A — >1x = mantienen/crecen reservas. <0.7x = están descapitalizando
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
- P/B en ciclos — Commodities: 0.8-1.2x en valles, 2x+ en picos. <2x aún zona razonable
Rentabilidad
| Rentabilidad sobre capital | -51.42% |
| Rentabilidad sobre capital invertido | -40.88% |
| Rentabilidad sobre activos | -43.38% |
| Margen bruto | 42.91% |
| Margen operativo | -104.54% |
| Margen neto | -119.93% |
Salud financiera
| Deuda / Patrimonio | 0.62 |
| Ratio corriente | 2.70 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | -0.36 | -0.39 | -0.34 | -0.90 | -5.99 | -14.27 | -4.32 | -4.14 | -6.15 | -14.29 |
| P/VC | 0.19 | 0.15 | 0.11 | 0.39 | 1.65 | 1.53 | 0.70 | 0.50 | 0.99 | 1.00 |
| P/V | 0.50 | 0.35 | 0.29 | 1.15 | 43.67 | 1572.23 | 358.23 | 16.10 | 28.63 | 2.91 |
| Margen Bruto | -39.5% | -39.8% | -26.5% | -50.2% | -171.0% | -1342.2% | -640.3% | 30.3% | 29.0% | 30.2% |
| Margen Operativo | -90.4% | -85.3% | -67.6% | -107.8% | -487.0% | -11307.3% | -8739.2% | -475.8% | -536.9% | -11.7% |
| Margen Neto | -140.3% | -90.2% | -85.1% | -117.2% | -725.9% | -11107.5% | -8341.0% | -385.0% | -464.9% | -21.1% |
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Explorar sector: Basic Materials · Chemicals - Specialty
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