Estados financieros detallados de Gogoro Inc. (GGR): 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
Gogoro Inc. registró ingresos de $281.5M en el último ejercicio fiscal, con un CAGR de 5 años del -5.0%.
Márgenes de los últimos 12 meses: margen bruto 17.0%, margen operativo -8.5%, margen neto -16.7%.
Al precio actual de $2.68, GGR presenta beneficios negativos (P/E no significativo) y un ROE del -40.61%. La capitalización bursátil es de $40M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Ingresos | $439.2M | $364.1M | $366.0M | $382.8M | $349.8M | $310.6M | $281.5M |
| Coste de Ventas | $346.0M | $284.7M | $304.9M | $325.1M | $298.9M | $302.7M | $258.3M |
| Beneficio Bruto | $93.2M | $79.4M | $61.1M | $57.7M | $50.9M | $7.9M | $23.2M |
| I+D | $27.2M | $28.7M | $30.6M | $46.0M | $40.9M | $34.9M | $25.4M |
| Generales y Administrativos | $77.1M | $87.2M | $87.8M | $131.2M | $95.4M | $75.9M | $60.4M |
| Gastos Operativos | $104.3M | $115.9M | $118.4M | $356.0M | $139.3M | $149.5M | $79.6M |
| Beneficio Operativo | -$11.1M | -$36.5M | -$57.3M | -$298.3M | -$88.4M | -$141.6M | -$56.4M |
| EBITDA | $54.1M | $38.0M | $38.5M | $7.7M | $34.3M | -$11.6M | $25.6M |
| Gastos por Intereses | $9.0M | $9.8M | $11.1M | $12.7M | $11.9M | $14.1M | $14.6M |
| Beneficio Antes de Impuestos | -$12.1M | -$50.3M | -$67.4M | -$98.9M | -$76.0M | -$122.8M | -$80.0M |
| Impuestos | $1.0M | -$1.1M | 0 | $2000 | 0 | 0 | 0 |
| Beneficio Neto | -$13.1M | -$49.3M | -$67.4M | -$98.9M | -$76.0M | -$122.8M | -$80.0M |
| BPA | $-1.07 | $-5.40 | $-10.60 | $-9.00 | $-6.40 | $-9.20 | $-0.27 |
| BPA Diluido | $-1.07 | $-5.40 | $-10.60 | $-9.00 | $-6.40 | $-9.20 | $-0.27 |
| Acciones en Circulación (Diluidas) | $12.2M | $9.0M | $6.3M | $11.1M | $11.7M | $13.2M | $295.1M |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $183.7M | $119.0M | $217.4M | $236.1M | $173.9M | $117.1M | $70.6M |
| Inversiones a Corto | $1.3M | $111.8M | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $23.1M | $13.5M | $16.6M | $16.1M | $17.1M | $17.0M | $18.7M |
| Inventario | $92.9M | $94.5M | $73.1M | $114.7M | $53.1M | $45.0M | $28.9M |
| Activos Corrientes | $341.9M | $353.8M | $358.0M | $397.9M | $266.1M | $202.8M | $130.9M |
| Inmovilizado Material | $325.1M | $429.9M | $479.7M | $464.1M | $532.3M | $473.6M | $446.9M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $1.1M | $1.7M | $1.4M | 0 | 0 | 0 | 0 |
| Activos Totales | $675.3M | $790.6M | $844.4M | $873.4M | $834.2M | $700.4M | $601.6M |
| Cuentas por Pagar | $65.8M | $29.9M | $53.3M | $38.1M | $38.1M | $29.3M | $12.6M |
| Deuda a Corto | $86.8M | $98.4M | $238.4M | $88.0M | $75.6M | $103.0M | $83.4M |
| Pasivos Corrientes | $266.1M | $205.1M | $480.5M | $248.2M | $214.1M | $225.6M | $171.9M |
| Deuda a Largo | $148.5M | $250.2M | $195.9M | $293.2M | $334.6M | $253.8M | $277.6M |
| Pasivos Totales | $457.4M | $607.6M | $720.7M | $574.4M | $585.5M | $523.9M | $493.3M |
| Reservas | -$302.6M | -$49.2M | -$116.6M | -$349.9M | -$426.0M | -$548.7M | -$628.7M |
| Patrimonio Neto | $217.9M | $183.0M | $123.7M | $299.0M | $248.7M | $176.5M | $108.2M |
| Deuda Total | $265.8M | $379.0M | $461.1M | $402.6M | $440.3M | $393.2M | $388.3M |
| Deuda Neta | $80.8M | $148.1M | $243.6M | $166.5M | $266.4M | $276.0M | $317.7M |
| Capital Circulante | $75.8M | $148.7M | -$122.5M | $149.7M | $52.1M | -$22.8M | -$41.0M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Beneficio Neto | -$12.1M | -$49.3M | -$67.4M | -$98.9M | -$76.0M | -$122.8M | -$80.8M |
| Amortizaciones | $57.2M | $78.6M | $94.8M | $94.8M | $98.4M | $97.0M | $91.0M |
| Compensación en Acciones | 0 | $1.1M | $5.0M | $37.9M | $26.3M | $11.6M | 0 |
| Cambio en Capital Circulante | -$21.9M | -$39.6M | $40.4M | -$76.1M | $18.5M | -$9.1M | -$2.7M |
| Flujo de Caja Operativo | $25.4M | $756000 | $80.8M | -$64.8M | $59.1M | $9.8M | $31.1M |
| Inversiones (CapEx) | -$177.0M | -$145.7M | -$128.4M | -$123.7M | -$117.8M | -$124.5M | -$60.9M |
| Adquisiciones | 0 | 0 | $3.1M | 0 | $1.5M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | -$1.2M | -$7.0M | -$2.1M | 0 | 0 | 0 |
| Flujo de Caja Libre | -$151.6M | -$144.9M | -$47.6M | -$188.5M | -$58.7M | -$114.6M | -$29.7M |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | -17.1% | +0.5% | +4.6% | -8.6% | -11.2% | -9.4% | |
| Crecimiento Beneficio Neto (anual) | -276.5% | -36.7% | -46.8% | +23.1% | -61.4% | +34.9% | |
| Crecimiento BPA (anual) | -403.7% | -96.3% | +15.1% | +28.9% | -43.7% | +97.1% | |
| Cambio en Acciones (anual) | -26.5% | -29.8% | +76.1% | +5.8% | +12.9% | +2127.3% | |
| Crecimiento FCF (anual) | +4.4% | +67.1% | -295.9% | +68.8% | -95.2% | +74.1% | |
| Margen Bruto | 21.2% | 21.8% | 16.7% | 15.1% | 14.6% | 2.6% | 8.2% |
| Margen Operativo | -2.5% | -10.0% | -15.7% | -77.9% | -25.3% | -45.6% | -20.1% |
| Margen EBITDA | 12.3% | 10.4% | 10.5% | 2.0% | 9.8% | -3.7% | 9.1% |
| Margen Neto | -3.0% | -13.5% | -18.4% | -25.8% | -21.7% | -39.5% | -28.4% |
| Margen FCF | -34.5% | -39.8% | -13.0% | -49.2% | -16.8% | -36.9% | -10.6% |
| Tasa Impositiva Efectiva | -8.4% | 2.1% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| FCF por Acción | $-12.41 | $-16.14 | $-7.55 | $-16.98 | $-5.00 | $-8.65 | $-0.10 |
| Dividendo por Acción | $0.00 | $0.14 | $1.11 | $0.19 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $12.2M | $9.0M | $6.3M | $11.1M | $11.7M | $13.2M | $295.1M |
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 | -40.61% |
| Rentabilidad sobre capital invertido | -5.10% |
| Rentabilidad sobre activos | -8.28% |
| Margen bruto | 17.02% |
| Margen operativo | -8.50% |
| Margen neto | -16.68% |
Salud financiera
| Deuda / Patrimonio | 3.16 |
| Ratio corriente | 0.69 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| P/E | -185.63 | -36.85 | -18.64 | -7.07 | -8.06 | -1.09 | -10.15 |
| P/VC | 11.15 | 9.76 | 10.07 | 2.36 | 2.44 | 0.75 | 7.47 |
| P/V | 5.53 | 4.91 | 3.40 | 1.84 | 1.73 | 0.43 | 2.87 |
| Margen Bruto | 21.2% | 21.8% | 16.7% | 15.1% | 14.6% | 2.6% | 8.2% |
| Margen Operativo | -2.5% | -10.0% | -15.7% | -77.9% | -25.3% | -45.6% | -20.1% |
| Margen Neto | -3.0% | -13.5% | -18.4% | -25.8% | -21.7% | -39.5% | -28.4% |
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Explorar sector: Consumer Cyclical · Auto - Manufacturers
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