Estados financieros detallados de ioneer Ltd (IONR): 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 0.0%, margen operativo 0.0%, margen neto 0.0%.
Al precio actual de $3.27, IONR presenta beneficios negativos (P/E no significativo) y un ROE del -3.66%. La capitalización bursátil es de $205M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 |
|---|
| Ingresos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Coste de Ventas | 0 | 0 | $7866 | $34189 | $43264 | $174045 | $51769 | $260953 | $276529 | $354371 |
| Beneficio Bruto | 0 | 0 | -$7866 | -$34189 | -$43264 | -$174000 | -$51769 | -$261000 | -$276529 | -$354371 |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $5601 | $1.7M | $2.7M | $3398 | $4423 | $11.8M | $9.6M | $9.0M | $6.4M | $8.4M |
| Gastos Operativos | $7.4M | $2.6M | $3.7M | $5.5M | $6.6M | $11.8M | $9.6M | $9.0M | $6372 | $8.4M |
| Beneficio Operativo | -$7.4M | -$2.6M | -$3.7M | -$5.6M | -$6.6M | -$12.0M | -$6.0M | -$9.2M | -$6372 | -$8.7M |
| EBITDA | -$7.4M | -$3.0M | -$2.6M | -$3.7M | -$7.7M | -$11.8M | -$9.6M | -$7.6M | -$10042 | -$8.4M |
| Gastos por Intereses | $7685 | 0 | $4902 | $18770 | $23870 | $5000 | $10000 | $11040 | $10981 | $64067 |
| Beneficio Antes de Impuestos | -$12.1M | -$1.9M | -$659000 | -$3.7M | -$7.7M | -$9.1M | -$6.4M | -$7.9M | -$9554 | -$8.1M |
| Impuestos | $33054 | -$746000 | $4902 | 0 | 0 | $5000 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$12.1M | -$1.9M | -$673000 | -$3.7M | -$7.7M | -$9.1M | -$6.4M | -$7.9M | -$9554 | -$8.1M |
| BPA | $-0.46 | $-0.06 | $-0.02 | $-0.09 | $-0.18 | $-0.18 | $-0.12 | $-0.15 | $-0.00 | $-0.13 |
| BPA Diluido | $-0.46 | $-0.06 | $-0.02 | $-0.09 | $-0.18 | $-0.18 | $-0.12 | $-0.15 | $-0.00 | $-0.13 |
| Acciones en Circulación (Diluidas) | $26.5M | $30.4M | $36.8M | $39.9M | $43.7M | $50.4M | $52.5M | $53.6M | $58.9M | $60.3M |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2025-Q4 |
|---|
| Ingresos | 0 | 0 | 0 | 0 |
| Beneficio Bruto | -$130496 | -$146046 | -$177065 | -$177306 |
| Beneficio Operativo | -$3387 | -$2985 | -$4.4M | -$4.4M |
| EBITDA | -$5097 | -$4839 | -$4.2M | -$4.2M |
| Beneficio Neto | -$4719 | -$4835 | -$4.1M | -$4.1M |
| BPA | $-0.08 | $-2.77 | $-0.06 | $-0.07 |
| BPA Diluido | $-0.08 | $-2.77 | $-0.06 | $-0.07 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 |
|---|
| Caja y Equivalentes | $5.7M | $59.2M | $34.0M | $26.3M | $62.4M | $94.2M | $52.7M | $35.7M | $25.1M | $17.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $27769 | $77732 | $223408 | $39852 | $21788 | $112000 | $246000 | $195000 | $143000 | $160000 |
| Inventario | 0 | 0 | 0 | 0 | 0 | $119 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $5.7M | $59.2M | $34.3M | $26.3M | $62.7M | $94.3M | $53.1M | $36.1M | $25.3M | $18.4M |
| Inmovilizado Material | $3.9M | $11.0M | $34.6M | $65.4M | $86.2M | $118.7M | $152.9M | $188.1M | $203.7M | $601000 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $9.6M | $70.2M | $69.0M | $91.9M | $149.1M | $213.2M | $206.3M | $224.5M | $233.5M | $232.5M |
| Cuentas por Pagar | $116749 | $832900 | $1.6M | $1.1M | $4.1M | $7.9M | $6.8M | $4.1M | $2.1M | $962000 |
| Deuda a Corto | 0 | 0 | 0 | 0 | $188438 | 0 | 0 | $1.2M | 0 | $151000 |
| Pasivos Corrientes | $173551 | $1.0M | $2.0M | $2.3M | $5.5M | $9.5M | $8.8M | $6.2M | $3.0M | $2.1M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $173551 | $1.0M | $2.0M | $2.6M | $5.5M | $9.5M | $8.9M | $6.3M | $3.2M | $2.3M |
| Reservas | -$19.6M | -$19.6M | -$19.4M | -$22.7M | -$32.6M | -$46.1M | -$52.5M | -$60.4M | -$69.9M | -$74.0M |
| Patrimonio Neto | $9.4M | $69.2M | $67.0M | $89.4M | $143.5M | $203.7M | $197.4M | $218.2M | $230.3M | $230.2M |
| Deuda Total | 0 | 0 | 0 | $228810 | $247941 | $255000 | $212000 | $1.3M | $373000 | $335000 |
| Deuda Neta | -$5.7M | -$59.2M | -$34.0M | -$26.1M | -$62.2M | -$93.9M | -$52.5M | -$34.4M | -$24.7M | -$17.5M |
| Capital Circulante | $5.5M | $58.2M | $32.2M | $24.0M | $57.2M | $84.9M | $44.2M | $29.8M | $22.3M | $16.2M |
Balance (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2025-Q4 |
|---|
| Caja y Equivalentes | $21.6M | $25.1M | $17.9M | $17.9M |
| Activos Totales | $221.1M | $233.5M | $232.5M | $232.5M |
| Pasivos Totales | $4.7M | $3.2M | $2.3M | $2.3M |
| Patrimonio Neto | $216.4M | $230.3M | $230.2M | $230.2M |
| Deuda Total | $1.3M | $373000 | $335000 | $335000 |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 |
|---|
| Beneficio Neto | 0 | -$1846 | 0 | -$3.7M | -$7.7M | -$9.1M | -$6.4M | -$7.9M | -$9.6M | -$8.1M |
| Amortizaciones | 0 | $89 | 0 | 0 | $125974 | $173000 | $51769 | $260953 | $314000 | $354371 |
| Compensación en Acciones | 0 | $205 | 0 | 0 | $1.8M | $1.5M | $1.5M | $1.9M | $3.5M | 0 |
| Cambio en Capital Circulante | 0 | -$52 | 0 | 0 | -$172465 | $1.1M | -$226000 | -$110 | $161000 | $41042 |
| Flujo de Caja Operativo | -$1.8M | -$1652 | -$3.4M | -$4.7M | -$4.8M | -$9.3M | -$8.1M | -$6.0M | -$6.8M | -$2.8M |
| Inversiones (CapEx) | -$3.0M | -$5208 | -$33616 | -$31.0M | -$5000 | -$25.0M | -$601000 | -$36.6M | -$14.5M | -$9006 |
| Adquisiciones | $15369 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$458592 | 0 | -$125000 | -$1.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$4.8M | -$6860 | -$3.5M | -$35.6M | -$4.9M | -$34.4M | -$8.7M | -$43.8M | -$6.8M | -$2.8M |
Flujo de Caja (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2025-Q4 |
|---|
| Flujo de Caja Operativo | -$4038 | -$6.8M | $3.4M | -$6.1M |
| Inversiones (CapEx) | -$9801 | $9801 | -$9016 | $10 |
| Flujo de Caja Libre | -$13839 | -$6.8M | $3.4M | -$6.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1836 | -$1836 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 |
|---|
| Crecimiento Beneficio Neto (anual) | | +84.0% | +65.2% | -442.5% | -111.0% | -18.5% | +30.3% | -23.4% | +99.9% | -85189.3% |
| Crecimiento BPA (anual) | | +87.0% | +73.3% | -475.0% | -95.7% | +0.0% | +33.3% | -25.0% | +97.3% | -3150.0% |
| Cambio en Acciones (anual) | | +14.6% | +21.1% | +8.5% | +9.5% | +15.2% | +4.2% | +2.2% | +9.9% | +2.4% |
| Crecimiento FCF (anual) | | +99.9% | -50646.6% | -923.8% | +86.4% | -608.4% | +74.8% | -405.6% | +84.5% | +59.3% |
| Tasa Impositiva Efectiva | -0.3% | 38.6% | -0.7% | -0.0% | -0.0% | -0.1% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 |
|---|
| FCF por Acción | $-0.18 | $-0.00 | $-0.09 | $-0.89 | $-0.11 | $-0.68 | $-0.17 | $-0.82 | $-0.12 | $-0.05 |
| 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) | $26.5M | $30.4M | $36.8M | $39.9M | $43.7M | $50.4M | $52.5M | $53.6M | $58.9M | $60.3M |
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 | -3.66% |
| Rentabilidad sobre capital invertido | -3.92% |
| Rentabilidad sobre activos | -3.62% |
| Margen bruto | 0.00% |
| Margen operativo | 0.00% |
| Margen neto | 0.00% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 8.58 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 0.82 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 |
|---|
| P/E | -38.33 | -293.83 | -1101.88 | -191.63 | -100.17 | -97.94 | -75.83 | -26.42 | -652.50 | -37.50 |
| P/VC | 49.65 | 7.75 | 9.68 | 7.88 | 5.37 | 4.36 | 2.42 | 0.96 | 0.67 | 1.26 |
| P/V | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Margen Bruto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Operativo | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Neto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |