Estados financieros detallados de None (JVA): 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
None registró ingresos de $96.3M en el último ejercicio fiscal, con un CAGR de 5 años del 5.3%.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $78.9M | $77.1M | $90.7M | $86.5M | $74.3M | $63.9M | $65.7M | $68.2M | $78.6M | $96.3M |
| Coste de Ventas | $67.1M | $65.0M | $75.0M | $70.7M | $61.3M | $47.9M | $54.7M | $57.2M | $62.5M | $80.9M |
| Beneficio Bruto | $11.9M | $12.1M | $15.6M | $15.8M | $13.1M | $16.0M | $11.0M | $11.0M | $16.0M | $15.4M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $8.0M | $10.9M | $13.2M | $15.2M | $13.9M | $13.5M | $13.6M | $12.3M | $13.1M | $13.3M |
| Gastos Operativos | $8.0M | $10.9M | $13.2M | $15.2M | $13.9M | $14.6M | $16.4M | $12.3M | $13.1M | $13.3M |
| Beneficio Operativo | $3.9M | $1.2M | $2.4M | $540529 | -$825318 | $1.4M | -$5.3M | -$1.3M | $3.0M | $2.2M |
| EBITDA | $4.5M | $2.0M | $3.2M | $1.3M | $946717 | $2.3M | -$4.1M | $375185 | $4.2M | $3.6M |
| Gastos por Intereses | $187310 | $264261 | $370705 | $254592 | $185177 | $85796 | $225043 | $563351 | $240390 | $241252 |
| Beneficio Antes de Impuestos | $3.7M | $976936 | $2.0M | $293214 | -$377757 | $1.2M | -$5.6M | -$1.1M | $3.1M | $1.9M |
| Impuestos | $1.4M | $244096 | $511532 | $29208 | -$41713 | $340180 | -$995793 | -$268220 | $849885 | $517688 |
| Beneficio Neto | $2.2M | $467262 | $1.1M | -$94598 | -$94301 | $1.3M | -$3.7M | -$835576 | $2.2M | $1.4M |
| BPA | $0.36 | $0.08 | $0.19 | $-0.02 | $-0.06 | $0.15 | $-0.81 | $-0.15 | $0.39 | $0.25 |
| BPA Diluido | $0.36 | $0.08 | $0.19 | $-0.02 | $-0.06 | $0.15 | $-0.81 | $-0.15 | $0.39 | $0.25 |
| Acciones en Circulación (Diluidas) | $6.1M | $5.9M | $5.7M | $5.6M | $5.6M | $5.7M | $5.7M | $5.7M | $5.7M | $5.7M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Ingresos | $27.7M | $25.6M | $22.1M | $21.7M |
| Beneficio Bruto | $2.1M | $7.4M | $3.7M | $5.4M |
| Beneficio Operativo | $767865 | $2.8M | $557786 | $1.3M |
| EBITDA | $1.2M | $3.1M | $940908 | $1.7M |
| Beneficio Neto | $811541 | $1.6M | $262489 | $2.0M |
| BPA | $0.14 | $0.29 | $0.05 | $0.35 |
| BPA Diluido | $0.14 | $0.29 | $0.05 | $0.35 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $3.2M | $2.3M | $4.6M | $2.4M | $2.9M | $3.7M | $2.5M | $2.7M | $1.4M | $701872 |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $14.1M | $13.9M | $10.3M | $9.9M | $7.6M | $10.1M | $9.5M | $11.8M | $11.1M | $13.7M |
| Inventario | $14.3M | $16.3M | $15.3M | $18.8M | $17.1M | $16.0M | $19.3M | $19.0M | $15.7M | $20.4M |
| Activos Corrientes | $32.7M | $33.7M | $30.8M | $31.7M | $28.0M | $30.3M | $31.7M | $34.0M | $28.4M | $35.4M |
| Inmovilizado Material | $2.3M | $2.4M | $2.4M | $2.4M | $4.3M | $6.2M | $6.1M | $6.2M | $4.4M | $5.5M |
| Fondo de Comercio | $1.0M | $1.8M | $2.2M | $2.5M | $2.5M | $2.5M | 0 | 0 | 0 | 0 |
| Activos Intangibles | $399750 | $1.5M | $2.5M | $2.1M | $2.0M | $885569 | $542250 | $511750 | $481250 | $450750 |
| Activos Totales | $37.0M | $40.0M | $38.8M | $39.7M | $38.5M | $43.3M | $42.7M | $42.2M | $34.0M | $42.0M |
| Cuentas por Pagar | $4.1M | $4.4M | $4.8M | $4.3M | $3.0M | $4.1M | $2.6M | $3.7M | $2.9M | $2.1M |
| Deuda a Corto | $7.0M | $8.4M | $6.3M | $7.2M | $5075 | $4200 | $880348 | $9.6M | 0 | $6.0M |
| Pasivos Corrientes | $11.0M | $13.1M | $11.2M | $11.5M | $4.0M | $6.5M | $6.4M | $15.4M | $6.8M | $12.8M |
| Deuda a Largo | 0 | 0 | 0 | 0 | $3.8M | $3.8M | $8.3M | $3034 | 0 | 0 |
| Pasivos Totales | $12.1M | $14.4M | $12.8M | $13.0M | $10.7M | $13.9M | $18.1M | $18.5M | $7.8M | $14.5M |
| Reservas | $11.9M | $12.3M | $13.4M | $13.3M | $13.2M | $14.5M | $10.3M | $9.5M | $11.7M | $13.1M |
| Patrimonio Neto | $24.5M | $25.0M | $24.9M | $25.3M | $26.5M | $28.5M | $24.8M | $24.0M | $26.2M | $27.6M |
| Deuda Total | $7.0M | $8.4M | $6.3M | $7.2M | $6.1M | $7.5M | $12.6M | $12.9M | $1.2M | $8.4M |
| Deuda Neta | $3.7M | $6.1M | $1.7M | $4.8M | $3.2M | $3.8M | $10.0M | $10.1M | -$207991 | $7.7M |
| Capital Circulante | $21.7M | $20.6M | $19.6M | $20.2M | $24.0M | $23.8M | $25.3M | $18.6M | $21.5M | $22.6M |
Balance (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caja y Equivalentes | $701872 | $2.7M | $2.3M | $2.9M |
| Activos Totales | $42.0M | $41.2M | $39.1M | $40.2M |
| Pasivos Totales | $14.5M | $12.4M | $10.1M | $9.2M |
| Patrimonio Neto | $27.6M | $28.8M | $29.0M | $31.0M |
| Deuda Total | $8.4M | $2.2M | $4.8M | $4.1M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $2.4M | $732840 | $1.5M | $264006 | -$336044 | $867677 | -$4.6M | -$835576 | $2.2M | $1.4M |
| Amortizaciones | $587572 | $762043 | $740454 | $742637 | $1.1M | $1.0M | $1.3M | $915630 | $925430 | $1.5M |
| Compensación en Acciones | 0 | 0 | 0 | $476899 | $868477 | $759073 | $405821 | 0 | 0 | 0 |
| Cambio en Capital Circulante | -$1.7M | -$189977 | $6.5M | -$3.4M | $2.4M | $1.2M | -$6.2M | $1.9M | $2.5M | -$8.2M |
| Flujo de Caja Operativo | $1.6M | $1.5M | $8.7M | -$2.1M | $4.4M | $4.7M | -$5.4M | $652083 | $5.4M | -$5.0M |
| Inversiones (CapEx) | -$963435 | -$679921 | -$383516 | -$743410 | -$435930 | -$1.5M | -$1.1M | -$857760 | -$306931 | -$910162 |
| Adquisiciones | -$819564 | -$2.9M | -$2.7M | 0 | 0 | 0 | $330000 | 0 | 0 | -$800000 |
| Recompra de Acciones | -$1.8M | -$254920 | -$1.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | -$100000 | 0 | 0 | 0 | 0 | 0 | -$399000 | 0 | 0 | 0 |
| Flujo de Caja Libre | $644353 | $796712 | $8.3M | -$2.9M | $3.9M | $3.2M | -$6.5M | -$205677 | $5.1M | -$5.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Flujo de Caja Operativo | $377727 | $6.6M | $39549 | $1.1M |
| Inversiones (CapEx) | -$455627 | -$314145 | $314144 | 0 |
| Flujo de Caja Libre | -$77900 | $6.3M | $353693 | $1.1M |
| Dividendos Pagados | 0 | 0 | -$467813 | 0 |
| Compensación en Acciones | 0 | 0 | -$133647 | $4001 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -2.3% | +17.5% | -4.6% | -14.0% | -14.0% | +2.8% | +3.8% | +15.2% | +22.6% |
| Crecimiento Beneficio Neto (anual) | | -78.9% | +126.7% | -108.9% | +0.3% | +1431.2% | -398.3% | +77.7% | +365.4% | -36.7% |
| Crecimiento BPA (anual) | | -77.8% | +137.5% | -110.5% | -201.5% | +348.8% | -640.0% | +81.5% | +360.0% | -35.9% |
| Cambio en Acciones (anual) | | -3.7% | -2.9% | -2.1% | +0.1% | +2.4% | +0.0% | +0.0% | +0.0% | +0.0% |
| Crecimiento FCF (anual) | | +23.6% | +943.0% | -134.8% | +236.6% | -18.8% | -302.5% | +96.8% | +2591.4% | -215.7% |
| Margen Bruto | 15.1% | 15.8% | 17.2% | 18.2% | 17.6% | 25.1% | 16.8% | 16.1% | 20.4% | 16.0% |
| Margen Operativo | 4.9% | 1.6% | 2.6% | 0.6% | -1.1% | 2.3% | -8.1% | -2.0% | 3.8% | 2.2% |
| Margen EBITDA | 5.7% | 2.6% | 3.5% | 1.5% | 1.3% | 3.6% | -6.3% | 0.6% | 5.4% | 3.8% |
| Margen Neto | 2.8% | 0.6% | 1.2% | -0.1% | -0.1% | 2.0% | -5.7% | -1.2% | 2.8% | 1.5% |
| Margen FCF | 0.8% | 1.0% | 9.2% | -3.3% | 5.3% | 5.0% | -9.9% | -0.3% | 6.5% | -6.2% |
| Tasa Impositiva Efectiva | 36.8% | 25.0% | 25.1% | 10.0% | 11.0% | 28.2% | 17.8% | 24.3% | 27.7% | 26.9% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.11 | $0.14 | $1.46 | $-0.52 | $0.71 | $0.56 | $-1.14 | $-0.04 | $0.90 | $-1.04 |
| Dividendo por Acción | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $6.1M | $5.9M | $5.7M | $5.6M | $5.6M | $5.7M | $5.7M | $5.7M | $5.7M | $5.7M |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 14.40 | 52.12 | 22.89 | -189.00 | -63.18 | 30.33 | -2.83 | -4.66 | 7.77 | 16.32 |
| P/VC | 1.28 | 0.98 | 0.99 | 0.83 | 0.80 | 0.91 | 0.53 | 0.17 | 0.66 | 0.84 |
| P/V | 0.40 | 0.32 | 0.27 | 0.24 | 0.29 | 0.41 | 0.20 | 0.06 | 0.22 | 0.24 |
| Margen Bruto | 15.1% | 15.8% | 17.2% | 18.2% | 17.6% | 25.1% | 16.8% | 16.1% | 20.4% | 16.0% |
| Margen Operativo | 4.9% | 1.6% | 2.6% | 0.6% | -1.1% | 2.3% | -8.1% | -2.0% | 3.8% | 2.2% |
| Margen Neto | 2.8% | 0.6% | 1.2% | -0.1% | -0.1% | 2.0% | -5.7% | -1.2% | 2.8% | 1.5% |