Estados financieros detallados de Garden Stage Limited (GSIW): 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
Garden Stage Limited registró ingresos de $7.3M en el último ejercicio fiscal, con un CAGR de 5 años del 3.9%.
Márgenes de los últimos 12 meses: margen bruto 12.7%, margen operativo -190.4%, margen neto -190.1%.
Al precio actual de $14.40, GSIW presenta beneficios negativos (P/E no significativo) y un ROE del -62.79%. La capitalización bursátil es de $20M.
Cuenta de Resultados (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $6.0M | $296286 | $415793 | $1.4M | $5.4M | $7.3M |
| Coste de Ventas | $6.2M | $112257 | $35710 | $3.4M | $5.1M | $6.5M |
| Beneficio Bruto | -$151811 | $184029 | $380083 | -$2.0M | $255258 | $731643 |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $294331 | $530604 | $1.2M | $2.6M | $4.4M | 0 |
| Gastos Operativos | $233793 | $535726 | $1.1M | $2.6M | $4.6M | $14.6M |
| Beneficio Operativo | -$385182 | -$65530 | -$26500 | -$4.6M | -$4.3M | -$13.9M |
| EBITDA | -$380993 | -$64130 | -$16400 | -$4.5M | -$4.2M | -$12.6M |
| Gastos por Intereses | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$329609 | -$65529 | -$26495 | -$4.6M | -$4.3M | -$13.9M |
| Impuestos | -$66 | $102 | -$67 | $13359 | $43234 | -$22785 |
| Beneficio Neto | -$329543 | -$65631 | -$26428 | -$4.6M | -$4.3M | -$13.8M |
| BPA | $-0.00 | $-0.00 | $-0.00 | $-0.02 | $-0.02 | $-1.38 |
| BPA Diluido | $-0.00 | $-0.00 | $-0.00 | $-0.02 | $-0.02 | $-1.38 |
| Acciones en Circulación (Diluidas) | $210.0M | $213.5M | $213.5M | $190.6M | $218.8M | $10.0M |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q3 | 2025-Q1 | 2025-Q3 | 2026-Q1 |
|---|
| Ingresos | $90200 | $5.3M | $3.4M | $3.9M |
| Beneficio Bruto | $43639 | $211619 | $1.7M | -$766993 |
| Beneficio Operativo | -$418087 | -$3.9M | -$6.5M | -$7.4M |
| EBITDA | -$410040 | -$3.7M | -$6.5M | -$6.3M |
| Beneficio Neto | -$419374 | -$1.0M | -$6.5M | -$7.3M |
| BPA | $-0.00 | $-0.00 | $-0.03 | $-0.69 |
| BPA Diluido | $-0.00 | $-0.00 | $-0.03 | $-0.69 |
Balance (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $1.8M | $1.0M | $804743 | $2.7M | $624583 | $17.5M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | $31150 |
| Cuentas por Cobrar | $2.6M | $2.1M | $6.1M | $865569 | $1.7M | $8.8M |
| Inventario | $13.1M | $9.9M | 0 | 0 | 0 | 0 |
| Activos Corrientes | $17.6M | $9.9M | $12.5M | $12.3M | $13.8M | $26.3M |
| Inmovilizado Material | $3422 | $18929 | $11599 | $301205 | $350531 | $248630 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $64391 | $63837 | $63694 | $63891 | $64268 | $11.1M |
| Activos Totales | $17.7M | $1.3M | $1.7M | $16.6M | $15.9M | $41.9M |
| Cuentas por Pagar | $14.9M | $7.9M | $10.3M | $6.9M | $8.4M | 0 |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | $80705 |
| Pasivos Corrientes | $17.0M | $10.0M | $11.2M | $7.1M | $9.1M | $80705 |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $17.0M | $1.3M | $1.4M | $7.3M | $9.2M | $17.7M |
| Reservas | $638579 | $16302 | -$10126 | -$4.7M | -$9.0M | -$22.8M |
| Patrimonio Neto | $641995 | $16580 | $248027 | $9.3M | $6.7M | $24.2M |
| Deuda Total | 0 | $17590 | $8864 | $289922 | $199102 | $80705 |
| Deuda Neta | -$1.8M | -$983865 | -$795879 | -$2.4M | -$425481 | -$17.5M |
| Capital Circulante | $544132 | -$97613 | $1.3M | $5.2M | $4.7M | $26.2M |
Balance (Trimestral)
| Año | 2024-Q3 | 2025-Q1 | 2025-Q3 | 2026-Q1 |
|---|
| Caja y Equivalentes | $1.0M | $624583 | $19.0M | $17.5M |
| Activos Totales | $2.0M | $15.9M | $32.4M | $41.9M |
| Pasivos Totales | $1.1M | $9.2M | $12.6M | $17.7M |
| Patrimonio Neto | $888500 | $6.7M | $19.9M | $24.2M |
| Deuda Total | $271425 | $199102 | $161268 | $80705 |
Flujo de Caja (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$329543 | -$65631 | -$26428 | -$4.6M | -$4.3M | -$13.8M |
| Amortizaciones | $4611 | $1398 | $10095 | $10510 | $165735 | $1.2M |
| Compensación en Acciones | 0 | 0 | 0 | $1.9M | $1.7M | 0 |
| Cambio en Capital Circulante | $10.8M | -$824858 | -$223273 | -$1.1M | $1.2M | $3.8M |
| Flujo de Caja Operativo | $10.5M | -$888952 | -$239361 | -$7.1M | -$1.1M | -$4.2M |
| Inversiones (CapEx) | -$3201 | -$2353 | -$2831 | -$1448 | -$218235 | -$104716 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | -$5.0M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | -$116084 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $10.5M | -$891305 | -$242192 | -$7.1M | -$1.4M | -$4.3M |
Flujo de Caja (Trimestral)
| Año | 2024-Q3 | 2025-Q1 | 2025-Q3 | 2026-Q1 |
|---|
| Flujo de Caja Operativo | -$103681 | -$338970 | -$3.4M | -$821624 |
| Inversiones (CapEx) | -$27898 | -$399 | -$1 | -$104716 |
| Flujo de Caja Libre | -$131580 | -$339370 | -$3.4M | -$926340 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | -95.1% | +40.3% | +228.2% | +296.0% | +34.7% |
| Crecimiento Beneficio Neto (anual) | | +80.1% | +59.7% | -17266.0% | +5.9% | -220.5% |
| Crecimiento BPA (anual) | | +80.5% | +60.5% | -16958.8% | +3.4% | -6800.0% |
| Cambio en Acciones (anual) | | +1.7% | +0.0% | -10.7% | +14.8% | -95.4% |
| Crecimiento FCF (anual) | | -108.5% | +72.8% | -2828.3% | +80.7% | -217.5% |
| Margen Bruto | -2.5% | 62.1% | 91.4% | -146.0% | 4.7% | 10.1% |
| Margen Operativo | -6.4% | -22.1% | -6.4% | -335.4% | -80.0% | -190.4% |
| Margen EBITDA | -6.3% | -21.6% | -3.9% | -332.6% | -76.9% | -173.7% |
| Margen Neto | -5.5% | -22.2% | -6.4% | -336.3% | -79.9% | -190.1% |
| Margen FCF | 174.6% | -300.8% | -58.2% | -519.8% | -25.3% | -59.6% |
| Tasa Impositiva Efectiva | 0.0% | -0.2% | 0.3% | -0.3% | -1.0% | 0.2% |
Datos por Acción (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $0.05 | $-0.00 | $-0.00 | $-0.04 | $-0.01 | $-0.43 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $210.0M | $213.5M | $213.5M | $190.6M | $218.8M | $10.0M |
Qué mirar en Servicios Financieros
Asset managers, brokers, fintech, bolsas. No son bancos — mira AUM, comisiones y calidad del FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — Los buenos asset managers tienen márgenes >30% por escalabilidad
- ROE — Servicios financieros de calidad tienen ROE >15% consistente
- FCF / Net Income — Calidad del beneficio — >90% esperado en negocios ligeros en capital
- Debt / Equity — Fintech y brokers con D/E alto son bombas de relojería en crisis
- P/E vs 5y propio — Asset managers tienen múltiplos estables en rangos conocidos
- Dividend yield + buybacks — Estos negocios devuelven mucho capital — mirar yield total (div + recompras)
Rentabilidad
| Rentabilidad sobre capital | -62.79% |
| Rentabilidad sobre capital invertido | -33.01% |
| Rentabilidad sobre activos | -33.01% |
| Margen bruto | 12.71% |
| Margen operativo | -190.43% |
| Margen neto | -190.12% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 326.02 |
Ratios Clave (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -1298174.03 | -6641820.61 | -16799899.20 | -60344.47 | -4799.97 | -12.10 |
| P/VC | 667294.92 | 26268998.79 | 1756018.50 | 25652.48 | 3133.20 | 6.89 |
| P/V | 71323.48 | 1469998.58 | 1047492.38 | 174560.99 | 3886.77 | 22.94 |
| Margen Bruto | -2.5% | 62.1% | 91.4% | -146.0% | 4.7% | 10.1% |
| Margen Operativo | -6.4% | -22.1% | -6.4% | -335.4% | -80.0% | -190.4% |
| Margen Neto | -5.5% | -22.2% | -6.4% | -336.3% | -79.9% | -190.1% |