Estados financieros detallados de Kiniksa Pharmaceuticals International, plc (KNSA): 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 54.5%, margen operativo 11.9%, margen neto 9.6%.
Al precio actual de $76.27, KNSA cotiza a un P/E de 70.23 y un ROE del 13.65%. La capitalización bursátil es de $5.8B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ingresos | 0 | 0 | 0 | 0 | 0 | $38.5M | $220.2M | $270.3M | $423.2M | $677.6M |
| Coste de Ventas | $22000 | $28000 | $286000 | $3.3M | $3.8M | $9.1M | $22.9M | $56.5M | $60.9M | $307.4M |
| Beneficio Bruto | -$22000 | -$28000 | -$286000 | -$3.3M | -$3.8M | $29.4M | $197.3M | $213.7M | $362.3M | $370.1M |
| I+D | $17.4M | $56.4M | $86.6M | $132.9M | $109.6M | $99.3M | $65.5M | $76.1M | $111.6M | $96.9M |
| Generales y Administrativos | $6.6M | $9.0M | $21.6M | $33.8M | $43.9M | $85.9M | $98.0M | $129.4M | $168.0M | $196.3M |
| Gastos Operativos | $24.0M | $65.4M | $108.2M | $166.7M | $153.6M | $186.1M | $187.5M | $238.9M | $407.9M | $292.9M |
| Beneficio Operativo | -$24.0M | -$65.4M | -$108.2M | -$170.0M | -$157.4M | -$156.6M | $9.8M | -$25.2M | -$45.6M | $77.2M |
| EBITDA | -$24.0M | -$65.4M | -$107.9M | -$160.6M | -$152.4M | -$154.2M | $13.4M | -$14.3M | -$34.5M | $90.4M |
| Gastos por Intereses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$23.9M | -$64.9M | -$103.4M | -$163.9M | -$156.2M | -$156.5M | $11.0M | -$16.7M | -$36.2M | $88.9M |
| Impuestos | $36000 | $2000 | -$214000 | -$2.0M | $5.2M | $1.4M | -$172.3M | -$30.7M | $7.0M | $29.9M |
| Beneficio Neto | -$24.0M | -$64.9M | -$103.2M | -$161.9M | -$161.4M | -$157.9M | $183.4M | $14.1M | -$43.2M | $59.0M |
| BPA | $-0.74 | $-2.00 | $-3.49 | $-2.99 | $-2.61 | $-2.30 | $2.64 | $0.20 | $-0.60 | $0.80 |
| BPA Diluido | $-0.74 | $-2.00 | $-3.49 | $-2.99 | $-2.61 | $-2.30 | $2.60 | $0.20 | $-0.60 | $0.75 |
| Acciones en Circulación (Diluidas) | $32.5M | $32.5M | $29.5M | $54.0M | $61.8M | $68.6M | $70.4M | $71.9M | $71.4M | $79.0M |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $56.0M | $45.6M | $307.3M | $46.9M | $114.0M | $122.5M | $122.7M | $108.0M | $183.6M | $165.6M |
| Inversiones a Corto | 0 | 0 | 0 | $186.5M | $209.4M | $59.7M | $67.9M | $98.4M | $60.0M | $248.5M |
| Cuentas por Cobrar | 0 | 0 | 0 | 0 | 0 | $4.0M | $20.3M | $21.3M | $41.7M | $15.6M |
| Inventario | 0 | 0 | 0 | 0 | 0 | $3.7M | $21.6M | $31.1M | $26.4M | $54.9M |
| Activos Corrientes | $56.3M | $47.1M | $313.8M | $241.6M | $333.2M | $196.4M | $243.1M | $276.3M | $331.8M | $527.2M |
| Inmovilizado Material | $84000 | $125000 | $6.4M | $8.3M | $10.6M | $8.4M | $7.0M | $12.7M | $11.0M | $11.8M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | $19.2M | $18.2M | $17.2M | $16.2M | $15.2M |
| Activos Totales | $56.5M | $47.5M | $322.0M | $254.5M | $349.5M | $232.8M | $459.7M | $526.3M | $580.6M | $763.6M |
| Cuentas por Pagar | $212000 | $1.2M | $10.9M | $5.7M | $503000 | $1.9M | $7.9M | $8.2M | $2.0M | $2.0M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $3.0M |
| Pasivos Corrientes | $2.3M | $17.4M | $42.6M | $27.8M | $31.8M | $44.8M | $47.1M | $63.7M | $100.6M | $139.2M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $82.2M | $137.2M | $42.7M | $29.1M | $37.5M | $47.8M | $63.5M | $87.5M | $142.1M | $196.0M |
| Reservas | -$26.1M | -$91.0M | -$194.2M | -$356.1M | -$517.5M | -$675.4M | -$492.0M | -$477.9M | -$521.1M | -$462.1M |
| Patrimonio Neto | -$25.7M | -$89.7M | -$194.2M | $225.4M | $311.9M | $185.0M | $396.1M | $438.8M | $438.4M | $567.6M |
| Deuda Total | 0 | 0 | 0 | $2.7M | $7.0M | $6.0M | $5.9M | $12.3M | $9.9M | $9.5M |
| Deuda Neta | -$56.0M | -$45.6M | -$307.3M | -$230.7M | -$316.5M | -$176.2M | -$184.7M | -$194.1M | -$233.8M | -$404.6M |
| Capital Circulante | $54.0M | $29.7M | $271.2M | $213.8M | $301.4M | $151.6M | $196.0M | $212.6M | $231.2M | $388.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Beneficio Neto | -$24.0M | -$64.9M | -$103.2M | -$161.9M | -$161.4M | -$157.9M | $183.4M | $14.1M | -$43.2M | -$43.2M |
| Amortizaciones | $22000 | $28000 | $286000 | $2.1M | $2.4M | $2.4M | $2.4M | $2.3M | $1.7M | $1.7M |
| Compensación en Acciones | $368000 | $897000 | $5.7M | $15.1M | $20.9M | $25.2M | $25.1M | $27.1M | $30.7M | $30.7M |
| Cambio en Capital Circulante | $1.8M | $13.9M | $18.3M | -$17.0M | -$4.3M | $689000 | -$22.6M | $1.4M | $24.8M | $51.6M |
| Flujo de Caja Operativo | -$21.9M | -$50.2M | -$81.0M | -$158.4M | -$136.5M | -$126.3M | $5.8M | $13.3M | $25.7M | $25.7M |
| Inversiones (CapEx) | -$3000 | -$69000 | -$5.3M | -$3.2M | -$283000 | -$20.4M | -$105000 | -$130000 | -$277000 | -$277000 |
| Adquisiciones | 0 | 0 | 0 | -$52.4M | $23.2M | 0 | 0 | 0 | $25000 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$2.2M | -$5.0M | -$7.7M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$21.9M | -$50.3M | -$86.3M | -$161.6M | -$136.8M | -$146.7M | $5.7M | $13.2M | $25.4M | $25.4M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | +471.2% | +22.7% | +56.6% | +60.1% | ||||||
| Crecimiento Beneficio Neto (anual) | -170.6% | -59.1% | -56.8% | +0.3% | +2.1% | +216.1% | -92.3% | -406.7% | +236.6% | |
| Crecimiento BPA (anual) | -170.3% | -74.5% | +14.3% | +12.7% | +11.9% | +214.8% | -92.4% | -400.0% | +233.3% | |
| Cambio en Acciones (anual) | +0.0% | -9.0% | +82.9% | +14.4% | +10.9% | +2.7% | +2.1% | -0.7% | +10.6% | |
| Crecimiento FCF (anual) | -129.9% | -71.6% | -87.2% | +15.3% | -7.2% | +103.9% | +131.0% | +92.9% | +0.0% | |
| Margen Bruto | 76.4% | 89.6% | 79.1% | 85.6% | 54.6% | |||||
| Margen Operativo | -406.4% | 4.4% | -9.3% | -10.8% | 11.4% | |||||
| Margen EBITDA | -400.0% | 6.1% | -5.3% | -8.1% | 13.3% | |||||
| Margen Neto | -409.7% | 83.3% | 5.2% | -10.2% | 8.7% | |||||
| Margen FCF | -380.6% | 2.6% | 4.9% | 6.0% | 3.8% | |||||
| Tasa Impositiva Efectiva | -0.2% | -0.0% | 0.2% | 1.2% | -3.3% | -0.9% | -1563.0% | 184.6% | -19.5% | 33.6% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF por Acción | $-0.67 | $-1.55 | $-2.92 | $-2.99 | $-2.21 | $-2.14 | $0.08 | $0.18 | $0.36 | $0.32 |
| 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) | $32.5M | $32.5M | $29.5M | $54.0M | $61.8M | $68.6M | $69.4M | $70.1M | $71.4M | $74.2M |
Qué mirar en Salud / Farma
El pipeline de I+D es el activo invisible. Patentes que caducan = ingresos que evaporan. Mira innovación y flujo de caja.
- I+D / Ingresos — Indica inversión en pipeline futuro. Farma seria reinvierte 15-20%
- Crecimiento EPS 5y — Tras caducidad de patentes, ¿siguen creciendo?
- Margen bruto — Farma de marca >70%. Genéricos mucho más bajo — define el tipo de negocio
- FCF / Net Income — Calidad del beneficio — farma grande debería convertir >90%
- ROIC — Capital reinvertido con eficiencia — clave en farma por ciclos de I+D largos
- Deuda neta / EBITDA — Adquisiciones de farma generan mucha deuda — ojo al post-M&A
- P/E vs historial 10y propio — La mejor comparación es con su propia historia, no con competidores
Rentabilidad
| Rentabilidad sobre capital | 13.65% |
| Rentabilidad sobre capital invertido | 9.71% |
| Rentabilidad sobre activos | 9.00% |
| Margen bruto | 54.49% |
| Margen operativo | 11.92% |
| Margen neto | 9.59% |
Salud financiera
| Deuda / Patrimonio | 0.01 |
| Ratio corriente | 3.90 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 10.35 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | -26.31 | -9.73 | -8.05 | -3.70 | -6.77 | -5.12 | 5.67 | 87.70 | -32.97 | 51.56 |
| P/VC | -24.57 | -7.05 | -4.27 | 2.65 | 3.50 | 4.36 | 2.62 | 2.80 | 3.22 | 5.39 |
| P/V | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 20.94 | 4.72 | 4.55 | 3.34 | 4.52 |
| Margen Bruto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 76.4% | 89.6% | 79.1% | 85.6% | 54.6% |
| Margen Operativo | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -406.4% | 4.4% | -9.3% | -10.8% | 11.4% |
| Margen Neto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -409.7% | 83.3% | 5.2% | -10.2% | 8.7% |
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Explorar sector: Healthcare · Medical - Pharmaceuticals
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