Estados financieros detallados de Immutep Limited (IMMP): 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
Immutep Limited registró ingresos de $14.2M en el último ejercicio fiscal, con un CAGR de 5 años del 29.8%.
Márgenes de los últimos 12 meses: margen bruto 85.0%, margen operativo -6.0%, margen neto -5.4%.
Al precio actual de $0.33, IMMP presenta beneficios negativos (P/E no significativo) y un ROE del -126.06%. La capitalización bursátil es de $48M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $4.2M | $2.6M | $139782 | $7.5M | $3.9M | $170369 | $3.5M | $3.8M | $5.0M | $14.2M |
| Coste de Ventas | $1.7M | $10.0M | $16.6M | $22.5M | $17.2M | $2.1M | $2.1M | $41.5M | $61.4M | $2.4M |
| Beneficio Bruto | $2.5M | -$7.4M | -$16.5M | -$15.0M | -$13.4M | -$1.9M | $1.4M | -$37.7M | -$56.4M | $11.8M |
| I+D | $7.5M | $10.0M | $16.6M | $20.4M | $17.2M | $31.3M | $28.8M | $41.5M | $61.4M | $75.0M |
| Generales y Administrativos | $4.3M | $7.2M | $6.1M | $6.3M | $6.3M | $7.2M | $14.1M | $8.9M | $8.6M | $18.9M |
| Gastos Operativos | $9.5M | $14.8M | $19.1M | $22.6M | $18.3M | $32.5M | $44.9M | $50.4M | $70.1M | $93.9M |
| Beneficio Operativo | -$9.4M | -$11.7M | -$20.4M | -$16.0M | -$31.7M | -$33.9M | -$77.7M | -$88.1M | -$126.4M | -$82.0M |
| EBITDA | -$8.4M | -$10.4M | -$16.5M | -$11.4M | -$17.8M | -$31.9M | -$39.6M | -$44.5M | -$62.9M | -$79.6M |
| Gastos por Intereses | 0 | 0 | 0 | $10457 | $9825 | $92430 | $20401 | $30594 | 0 | $66411 |
| Beneficio Antes de Impuestos | -$10.1M | -$12.7M | -$18.3M | -$13.5M | -$29.9M | -$32.2M | -$39.9M | -$42.7M | -$61.4M | -$77.6M |
| Impuestos | -$737387 | $1676 | -$2.1M | $37 | $33 | $34 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$9.4M | -$12.7M | -$16.3M | -$13.5M | -$29.9M | -$32.2M | -$39.9M | -$42.7M | -$61.4M | -$77.6M |
| BPA | $-0.44 | $-0.48 | $-0.47 | $-0.33 | $-0.49 | $-0.37 | $-0.44 | $-0.36 | $-0.42 | $-0.53 |
| BPA Diluido | $-0.44 | $-0.48 | $-0.47 | $-0.33 | $-0.49 | $-0.37 | $-0.44 | $-0.36 | $-0.42 | $-0.53 |
| Acciones en Circulación (Diluidas) | $42.7M | $42.7M | $42.7M | $40.7M | $60.4M | $86.2M | $90.1M | $120.1M | $145.6M | $147.2M |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Ingresos | $3.1M | $1.9M | $6.0M | $10.6M |
| Beneficio Bruto | -$22.2M | -$34.2M | -$40.6M | $9.5M |
| Beneficio Operativo | -$51.7M | -$74.7M | -$46.0M | -$39.5M |
| EBITDA | -$26.4M | -$36.5M | -$44.9M | -$38.5M |
| Beneficio Neto | -$22.4M | -$39.1M | -$44.9M | -$34.9M |
| BPA | $-0.15 | $-0.27 | $-0.30 | $-0.23 |
| BPA Diluido | $-0.15 | $-0.27 | $-0.30 | $-0.23 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $12.2M | $23.5M | $16.6M | $26.3M | $60.1M | $80.0M | $123.4M | $161.8M | $67.4M | $68.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $20.1M | $62.3M | 0 |
| Cuentas por Cobrar | $2.2M | $3.5M | $5.2M | $3.4M | $6.1M | $8.4M | $8.0M | $7.6M | $7460 | $9.6M |
| Inventario | $641998 | 0 | 0 | 0 | -$5.7M | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $15.9M | $28.6M | $23.5M | $31.2M | $68.4M | $90.8M | $135.0M | $191.4M | $149.1M | $80.6M |
| Inmovilizado Material | $24202 | $26449 | $52950 | $250571 | $309704 | $308080 | $468513 | $679723 | $569481 | $1.1M |
| Fondo de Comercio | $109962 | $109962 | $109962 | $109962 | $109962 | $109962 | $109962 | $109962 | $109962 | $109967 |
| Activos Intangibles | $18.9M | $18.2M | $16.8M | $15.1M | $12.7M | $10.4M | $9.4M | $8.1M | $7.1M | $1.4M |
| Activos Totales | $35.0M | $47.0M | $40.5M | $46.6M | $82.0M | $102.2M | $147.4M | $201.6M | $157.0M | $83.3M |
| Cuentas por Pagar | $1.1M | $1.6M | $2.6M | $1.6M | $1.8M | $2.9M | $5.4M | $3.8M | $5.5M | $5.9M |
| Deuda a Corto | 0 | 0 | 0 | 0 | $208194 | 0 | 0 | 0 | $1.1M | $290165 |
| Pasivos Corrientes | $2.6M | $3.9M | $5.3M | $3.4M | $5.3M | $6.4M | $9.8M | $10.5M | $12.8M | $14.2M |
| Deuda a Largo | $5.8M | $6.6M | $7.6M | $8.8M | $2.5M | $1.5M | $835446 | $960763 | 0 | 0 |
| Pasivos Totales | $8.4M | $13.5M | $16.2M | $13.3M | $8.8M | $8.1M | $11.0M | $12.1M | $13.3M | $21.7M |
| Reservas | -$231.8M | -$244.6M | -$262.2M | -$275.7M | -$274.6M | -$302.3M | -$339.9M | -$382.6M | -$444.1M | -$520.8M |
| Patrimonio Neto | $26.5M | $33.5M | $24.4M | $33.3M | $73.3M | $94.1M | $136.5M | $189.5M | $143.6M | $61.5M |
| Deuda Total | $5.8M | $6.6M | $7.6M | $9.1M | $2.8M | $1.7M | $1.2M | $1.6M | $1.6M | $1.0M |
| Deuda Neta | -$6.5M | -$16.8M | -$8.9M | -$17.3M | -$57.3M | -$78.3M | -$122.2M | -$180.3M | -$128.1M | -$67.8M |
| Capital Circulante | $13.3M | $24.8M | $18.2M | $27.8M | $63.1M | $84.4M | $125.2M | $180.9M | $136.3M | $66.5M |
Balance (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Caja y Equivalentes | $73.9M | $67.4M | $72.7M | $68.9M |
| Activos Totales | $182.3M | $157.0M | $147.2M | $83.3M |
| Pasivos Totales | $9.9M | $13.3M | $48.3M | $21.7M |
| Patrimonio Neto | $172.5M | $143.6M | $98.9M | $61.5M |
| Deuda Total | $1.7M | $1.6M | $1.2M | $1.0M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$9.4M | -$12.7M | -$18.3M | -$13.5M | -$29.9M | -$32.2M | -$39.9M | -$42.7M | -$61.4M | -$77.6M |
| Amortizaciones | $1.7M | $1.8M | $1.9M | $2.1M | $2.1M | $2.1M | $2.1M | $2.3M | $2.4M | $2.4M |
| Compensación en Acciones | $862227 | $2.3M | $1.6M | $1.7M | $1.7M | $1.5M | $2.0M | $1.8M | $1.2M | 0 |
| Cambio en Capital Circulante | -$2.2M | -$252216 | -$345187 | $94163 | -$2.0M | -$1.6M | $764596 | $3.5M | -$8.5M | $16.2M |
| Flujo de Caja Operativo | -$8.5M | -$7.8M | -$15.3M | -$10.8M | -$17.6M | -$30.2M | -$35.9M | -$34.8M | -$62.0M | -$54.3M |
| Inversiones (CapEx) | -$6644 | -$11893 | -$41434 | -$19348 | -$15601 | -$22914 | -$47000 | -$932369 | -$45769 | -$90895 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | -$8.5M | -$7.8M | -$15.3M | -$10.9M | -$17.7M | -$30.3M | -$35.9M | -$35.8M | -$62.1M | -$54.3M |
Flujo de Caja (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$28.5M | -$33.5M | -$28.1M | -$29.1M |
| Inversiones (CapEx) | -$11501 | -$34268 | -$90961 | -$6601 |
| Flujo de Caja Libre | -$28.6M | -$33.5M | -$28.2M | -$29.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | $1.2M | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | -37.7% | -94.7% | +5255.8% | -48.4% | -95.6% | +1957.7% | +9.6% | +31.3% | +182.3% |
| Crecimiento Beneficio Neto (anual) | | -36.1% | -27.7% | +17.2% | -122.0% | -7.7% | -23.9% | -7.1% | -43.8% | -26.3% |
| Crecimiento BPA (anual) | | -9.1% | +2.1% | +29.8% | -48.5% | +24.5% | -18.9% | +18.2% | -16.7% | -26.2% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | -4.6% | +48.4% | +42.7% | +4.4% | +33.4% | +21.2% | +1.1% |
| Crecimiento FCF (anual) | | +8.5% | -96.8% | +29.2% | -62.6% | -71.3% | -18.8% | +0.5% | -73.7% | +12.5% |
| Margen Bruto | 59.7% | -279.8% | -11769.3% | -200.2% | -346.2% | -1111.2% | 41.2% | -981.4% | -1117.6% | 83.0% |
| Margen Operativo | -221.5% | -444.5% | -14606.5% | -214.0% | -820.0% | -19920.0% | -2216.0% | -2293.3% | -2506.5% | -576.2% |
| Margen EBITDA | -199.1% | -394.5% | -11778.9% | -152.0% | -460.0% | -18708.9% | -1128.8% | -1159.4% | -1246.6% | -559.2% |
| Margen Neto | -221.9% | -484.6% | -11640.0% | -179.9% | -774.1% | -18906.5% | -1138.0% | -1111.9% | -1218.0% | -544.8% |
| Margen FCF | -201.7% | -296.1% | -10965.5% | -145.0% | -457.1% | -17757.1% | -1024.9% | -930.6% | -1231.1% | -381.7% |
| Tasa Impositiva Efectiva | 7.3% | -0.0% | 11.3% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $-0.20 | $-0.18 | $-0.36 | $-0.27 | $-0.29 | $-0.35 | $-0.40 | $-0.30 | $-0.43 | $-0.37 |
| 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) | $42.7M | $42.7M | $42.7M | $40.7M | $60.4M | $86.2M | $90.1M | $120.0M | $145.6M | $147.2M |
Qué mirar en Biotech
La mayoría de biotechs pequeñas pierden dinero. Analizarlas con P/E no tiene sentido — mira caja y pipeline.
- Cash Runway — Meses de caja al ritmo de gasto actual. <18 meses = riesgo de dilución urgente
- Cash burn anual — Ritmo al que queman caja operativa. Comparar con posición de caja para proyectar runway
- Total Debt — Biotech sin ingresos + deuda = receta para bancarrota
- I+D / Capitalización — Cuánto invierten en pipeline vs lo que vale la empresa — indicador de intensidad investigadora
- Market cap / Cash — Si cotiza cerca de su caja, el mercado le da ~0 valor al pipeline — puede ser oportunidad o trampa
Rentabilidad
| Rentabilidad sobre capital | -126.06% |
| Rentabilidad sobre capital invertido | -118.22% |
| Rentabilidad sobre activos | -93.15% |
| Margen bruto | 84.97% |
| Margen operativo | -597.44% |
| Margen neto | -544.79% |
Salud financiera
| Deuda / Patrimonio | 0.02 |
| Ratio corriente | 5.69 |
| Piotroski F-Score | 2 |
| Altman Z-Score | 10.76 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -21.15 | -22.40 | -17.54 | -15.75 | -10.42 | -7.86 | -7.15 | -8.48 | -5.90 | -1.13 |
| P/VC | 15.04 | 13.64 | 14.40 | 6.38 | 4.25 | 2.70 | 2.09 | 1.91 | 2.53 | 1.44 |
| P/V | 94.55 | 173.76 | 2511.65 | 28.37 | 80.70 | 1488.23 | 81.35 | 94.24 | 71.92 | 6.23 |
| Margen Bruto | 59.7% | -279.8% | -11769.3% | -200.2% | -346.2% | -1111.2% | 41.2% | -981.4% | -1117.6% | 83.0% |
| Margen Operativo | -221.5% | -444.5% | -14606.5% | -214.0% | -820.0% | -19920.0% | -2216.0% | -2293.3% | -2506.5% | -576.2% |
| Margen Neto | -221.9% | -484.6% | -11640.0% | -179.9% | -774.1% | -18906.5% | -1138.0% | -1111.9% | -1218.0% | -544.8% |