Estados financieros detallados de Lifeward Ltd. (LFWD): 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
Lifeward Ltd. registró ingresos de $22.0M en el último ejercicio fiscal, con un CAGR de 5 años del 38.1%.
Márgenes de los últimos 12 meses: margen bruto 36.0%, margen operativo -104.2%, margen neto -141.3%.
Al precio actual de $6.91, LFWD presenta beneficios negativos (P/E no significativo) y un ROE del -236.85%. La capitalización bursátil es de $11M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $5.9M | $7.8M | $6.5M | $4.9M | $4.4M | $6.0M | $5.5M | $13.9M | $25.7M | $22.0M |
| Coste de Ventas | $5.1M | $4.7M | $3.7M | $2.1M | $2.2M | $3.1M | $3.6M | $9.4M | $17.4M | $13.6M |
| Beneficio Bruto | $736000 | $3.1M | $2.8M | $2.7M | $2.2M | $2.9M | $1.9M | $4.5M | $8.2M | $8.4M |
| I+D | $9.0M | $6.0M | $7.3M | $5.3M | $3.5M | $2.9M | $4.0M | $4.1M | $4.6M | $3.2M |
| Generales y Administrativos | $22.1M | $19.1M | $14.7M | $11.4M | $10.7M | $12.6M | $17.0M | $23.9M | $23.1M | $22.1M |
| Gastos Operativos | $31.2M | $25.1M | $22.0M | $16.8M | $14.2M | $15.6M | $21.0M | $28.1M | $27.8M | $25.3M |
| Beneficio Operativo | -$30.4M | -$22.0M | -$19.2M | -$14.0M | -$12.0M | -$12.7M | -$19.1M | -$23.6M | -$19.6M | -$16.9M |
| EBITDA | -$29.8M | -$21.5M | -$18.8M | -$13.7M | -$11.7M | -$12.4M | -$18.9M | -$20.3M | -$24.9M | -$19.3M |
| Gastos por Intereses | $2.0M | $2.5M | $2.4M | $1.5M | $930000 | $25000 | $22000 | $20000 | $128000 | $295000 |
| Beneficio Antes de Impuestos | -$32.5M | -$24.6M | -$21.7M | -$15.5M | -$12.9M | -$12.6M | -$19.1M | -$22.1M | -$28.9M | -$20.0M |
| Impuestos | $3000 | $119000 | -$5000 | $7000 | $51000 | $94000 | $467000 | -$12000 | $43000 | -$55000 |
| Beneficio Neto | -$32.5M | -$24.7M | -$21.7M | -$15.6M | -$13.0M | -$12.7M | -$19.6M | -$22.1M | -$28.9M | -$19.9M |
| BPA | $-5179.56 | $-2567.76 | $-1236.48 | $-226.80 | $-68.88 | $-22.32 | $-26.40 | $-31.08 | $-39.96 | $-17.16 |
| BPA Diluido | $-5179.56 | $-2567.76 | $-1236.48 | $-226.80 | $-68.88 | $-22.32 | $-26.40 | $-31.08 | $-39.96 | $-17.16 |
| Acciones en Circulación (Diluidas) | $6273 | $9622 | $17523 | $68583 | $187603 | $570434 | $742308 | $710657 | $723983 | $11.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $6.2M | $5.1M | $3.9M | $6.6M |
| Beneficio Bruto | $2.7M | $1.1M | $1.3M | $2.7M |
| Beneficio Operativo | -$3.1M | -$5.1M | -$10.3M | -$4.2M |
| EBITDA | -$3.1M | -$5.3M | -$4.8M | -$11.2M |
| Beneficio Neto | -$3.2M | -$5.3M | -$10.8M | -$11.5M |
| BPA | $-2.40 | $-3.60 | $-6.70 | $-4.12 |
| BPA Diluido | $-2.40 | $-3.60 | $-6.70 | $-4.12 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $23.7M | $14.6M | $9.5M | $16.3M | $20.4M | $88.3M | $67.9M | $28.1M | $6.9M | $2.2M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $1.3M | $1.1M | $758000 | $794000 | $684000 | $585000 | $1.0M | $3.1M | $6.0M | $6.1M |
| Inventario | $3.3M | $4.3M | $2.6M | $3.4M | $3.5M | $3.0M | $2.9M | $5.7M | $6.7M | $5.7M |
| Activos Corrientes | $29.5M | $20.9M | $13.2M | $21.1M | $25.2M | $92.5M | $72.5M | $39.2M | $21.3M | $15.8M |
| Inmovilizado Material | $1.3M | $840000 | $626000 | $2.2M | $1.8M | $1.2M | $1.0M | $3.1M | $1.4M | $2.1M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $7.5M | $7.5M | $4.8M |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $12.5M | 0 | 0 |
| Activos Totales | $31.8M | $22.9M | $15.0M | $24.4M | $28.1M | $94.8M | $74.2M | $63.2M | $30.5M | $22.9M |
| Cuentas por Pagar | $3.4M | $1.8M | $2.3M | $2.7M | $2.3M | $1.4M | $1.9M | $5.1M | $5.0M | $5.6M |
| Deuda a Corto | $7.5M | $6.4M | $1.7M | $6.1M | 0 | 0 | 0 | 0 | $858000 | $2.8M |
| Pasivos Corrientes | $12.4M | $9.7M | $5.4M | $10.2M | $4.7M | $4.0M | $4.8M | $11.8M | $10.2M | $12.0M |
| Deuda a Largo | $10.5M | $8.9M | $7.0M | $1.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $23.5M | $19.2M | $13.0M | $13.6M | $6.3M | $5.4M | $6.1M | $16.7M | $11.6M | $14.5M |
| Reservas | -$106.5M | -$131.2M | -$152.9M | -$168.5M | -$181.4M | -$194.2M | -$213.8M | -$235.9M | -$264.8M | -$284.7M |
| Patrimonio Neto | $8.3M | $3.7M | $1.9M | $10.8M | $21.8M | $89.4M | $68.2M | $46.5M | $18.8M | $8.4M |
| Deuda Total | $18.0M | $15.4M | $8.7M | $8.9M | $1.6M | $1.1M | $897000 | $1.9M | $880000 | $4.4M |
| Deuda Neta | -$5.7M | $785000 | -$859000 | -$7.3M | -$18.8M | -$87.3M | -$67.0M | -$26.2M | -$6.1M | $2.2M |
| Capital Circulante | $17.1M | $11.2M | $7.9M | $10.9M | $20.6M | $88.5M | $67.7M | $27.4M | $11.1M | $3.8M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $2.2M | $2.2M | $11.4M | $9.4M |
| Activos Totales | $23.2M | $22.9M | $33.4M | $35.0M |
| Pasivos Totales | $10.4M | $14.5M | $27.1M | $22.8M |
| Patrimonio Neto | $12.8M | $8.4M | $6.3M | $12.2M |
| Deuda Total | $237000 | $4.4M | $8.8M | $11.1M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$32.5M | -$24.7M | -$21.7M | -$15.6M | -$13.0M | -$12.7M | -$19.6M | -$22.1M | -$28.9M | -$16.2M |
| Amortizaciones | $696000 | $642000 | $463000 | $321000 | $285000 | $266000 | $202000 | $1.8M | $3.8M | $333000 |
| Compensación en Acciones | 0 | 0 | 0 | $1.1M | $749000 | $833000 | $993000 | $1.3M | $1.3M | $743000 |
| Cambio en Capital Circulante | $210000 | -$2.6M | $3.0M | -$636000 | -$211000 | $197000 | $88000 | -$1.3M | -$5.0M | -$298000 |
| Flujo de Caja Operativo | -$27.5M | -$22.5M | -$14.8M | -$14.8M | -$12.6M | -$11.5M | -$17.9M | -$20.7M | -$21.7M | -$16.8M |
| Inversiones (CapEx) | -$452000 | -$21000 | -$13000 | -$22000 | -$73000 | -$47000 | -$25000 | -$81000 | 0 | -$16000 |
| Adquisiciones | $15000 | 0 | 0 | 0 | 0 | 0 | 0 | -$18.1M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$2.5M | -$992000 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$28.0M | -$22.5M | -$14.8M | -$14.8M | -$12.7M | -$11.5M | -$17.9M | -$20.7M | -$21.7M | -$16.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$3.8M | -$3.6M | -$3.7M | -$6.0M |
| Inversiones (CapEx) | 0 | -$10000 | 0 | 0 |
| Flujo de Caja Libre | -$3.8M | -$3.6M | -$3.7M | -$6.0M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $174000 | $622000 | $177000 | -$177000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +32.1% | -15.6% | -25.5% | -9.9% | +35.8% | -7.6% | +151.4% | +85.2% | -14.1% |
| Crecimiento Beneficio Neto (anual) | | +24.0% | +12.3% | +28.3% | +16.6% | +1.8% | -53.7% | -13.1% | -30.8% | +31.2% |
| Crecimiento BPA (anual) | | +50.4% | +51.8% | +81.7% | +69.6% | +67.6% | -18.3% | -17.7% | -28.6% | +57.1% |
| Cambio en Acciones (anual) | | +53.4% | +82.1% | +291.4% | +173.5% | +204.1% | +30.1% | -4.3% | +1.9% | +1503.0% |
| Crecimiento FCF (anual) | | +19.5% | +34.3% | -0.3% | +14.7% | +9.1% | -55.6% | -15.8% | -4.7% | +22.5% |
| Margen Bruto | 12.5% | 40.0% | 43.2% | 55.9% | 49.8% | 48.7% | 34.6% | 32.1% | 32.0% | 38.2% |
| Margen Operativo | -518.7% | -283.7% | -293.6% | -288.3% | -273.3% | -212.1% | -346.6% | -170.4% | -76.2% | -76.7% |
| Margen EBITDA | -507.7% | -277.0% | -287.1% | -281.6% | -267.1% | -207.7% | -343.0% | -146.4% | -97.1% | -87.8% |
| Margen Neto | -553.8% | -318.8% | -331.2% | -319.1% | -295.4% | -213.5% | -355.1% | -159.8% | -112.8% | -90.4% |
| Margen FCF | -476.9% | -290.5% | -225.9% | -304.5% | -288.2% | -193.0% | -325.1% | -149.8% | -84.6% | -76.4% |
| Tasa Impositiva Efectiva | -0.0% | -0.5% | 0.0% | -0.0% | -0.4% | -0.7% | -2.4% | 0.1% | -0.1% | 0.3% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-4462.01 | $-2340.31 | $-843.87 | $-216.33 | $-67.49 | $-20.19 | $-24.14 | $-29.20 | $-30.00 | $-1.45 |
| 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) | $6273 | $9622 | $17523 | $68583 | $187603 | $570434 | $742308 | $710657 | $723983 | $11.6M |
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 | -236.85% |
| Rentabilidad sobre capital invertido | -119.56% |
| Rentabilidad sobre activos | -86.96% |
| Margen bruto | 35.95% |
| Margen operativo | -104.25% |
| Margen neto | -141.28% |
Salud financiera
| Deuda / Patrimonio | 0.21 |
| Ratio corriente | 1.24 |
| Piotroski F-Score | 3 |
| Altman Z-Score | -15.36 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -1.14 | -0.90 | -0.30 | -0.80 | -1.61 | -4.63 | -2.42 | -2.10 | -0.52 | -0.40 |
| P/VC | 4.47 | 6.00 | 3.29 | 1.15 | 0.96 | 0.66 | 0.70 | 1.00 | 0.80 | 9.55 |
| P/V | 6.28 | 2.87 | 0.98 | 2.55 | 4.74 | 9.88 | 8.60 | 3.35 | 0.59 | 3.64 |
| Margen Bruto | 12.5% | 40.0% | 43.2% | 55.9% | 49.8% | 48.7% | 34.6% | 32.1% | 32.0% | 38.2% |
| Margen Operativo | -518.7% | -283.7% | -293.6% | -288.3% | -273.3% | -212.1% | -346.6% | -170.4% | -76.2% | -76.7% |
| Margen Neto | -553.8% | -318.8% | -331.2% | -319.1% | -295.4% | -213.5% | -355.1% | -159.8% | -112.8% | -90.4% |