Estados financieros detallados de Lesaka Technologies, Inc. (LSAK): 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
Lesaka Technologies, Inc. registró ingresos de $721.6M en el último ejercicio fiscal, con un CAGR de 5 años del 40.7%.
Márgenes de los últimos 12 meses: margen bruto 20.0%, margen operativo 1.8%, margen neto 0.4%.
Al precio actual de $4.24, LSAK cotiza a un P/E de 114.37 y un ROE del 0.22%. La capitalización bursátil es de $364M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $610.1M | $612.9M | $160.6M | $144.3M | $130.8M | $222.6M | $528.0M | $564.2M | $659.7M | $721.6M |
| Coste de Ventas | $292.4M | $304.5M | $124.1M | $102.3M | $96.2M | $168.3M | $417.5M | $442.7M | $486.5M | $538.2M |
| Beneficio Bruto | $317.7M | $308.4M | $36.5M | $42.0M | $34.5M | $54.3M | $110.4M | $121.5M | $173.2M | $183.4M |
| I+D | $2.0M | $1.8M | $700000 | 0 | $300000 | $500000 | $500000 | 0 | 0 | $800000 |
| Generales y Administrativos | $179.3M | $193.0M | $144.9M | $75.3M | $84.1M | 0 | 0 | $92.0M | $131.5M | $164.0M |
| Gastos Operativos | $220.6M | $228.5M | $171.5M | $86.2M | $88.4M | $94.5M | $125.8M | $118.0M | $200.3M | $164.8M |
| Beneficio Operativo | $97.0M | $58.9M | -$134.9M | -$44.2M | -$53.9M | -$40.2M | -$15.3M | $3.6M | -$27.1M | $18.6M |
| EBITDA | $159.3M | $144.8M | -$272.2M | -$44.1M | -$23.2M | -$20.7M | $15.4M | $29.8M | -$50.8M | $66.0M |
| Gastos por Intereses | $3.5M | $8.6M | $9.9M | $7.6M | $3.0M | $5.8M | $18.6M | $18.9M | $21.5M | $18.5M |
| Beneficio Antes de Impuestos | $114.5M | $67.9M | -$319.4M | -$65.0M | -$30.5M | -$43.5M | -$37.4M | -$14.1M | -$105.8M | $3.9M |
| Impuestos | $42.5M | $41.4M | -$5.1M | $2.7M | $7.6M | $327000 | -$2.3M | $3.4M | -$18.2M | $1.4M |
| Beneficio Neto | $73.0M | $39.1M | -$311.0M | -$78.4M | -$38.1M | -$43.9M | -$35.1M | -$17.4M | -$87.5M | $2.8M |
| BPA | $1.34 | $0.70 | $-5.48 | $-1.21 | $-0.67 | $-0.75 | $-0.56 | $-0.27 | $-1.14 | $0.04 |
| BPA Diluido | $1.33 | $0.70 | $-5.48 | $-1.21 | $-0.67 | $-0.75 | $-0.56 | $-0.27 | $-1.14 | $0.04 |
| Acciones en Circulación (Diluidas) | $54.6M | $55.9M | $56.0M | $56.0M | $56.3M | $57.2M | $63.1M | $61.3M | $76.8M | $76.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $171.4M | $178.7M | $183.1M | $188.3M |
| Beneficio Bruto | $53.0M | $42.5M | $48.6M | $39.3M |
| Beneficio Operativo | $383000 | $2.2M | $8.3M | $7.8M |
| EBITDA | $13.2M | $22.4M | $17.0M | $13.4M |
| Beneficio Neto | -$4.3M | $3.5M | $552000 | $3.2M |
| BPA | $-0.05 | $0.04 | $0.01 | $0.04 |
| BPA Diluido | $-0.05 | $0.04 | $0.01 | $0.04 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $258.5M | $90.1M | $46.1M | $217.7M | $198.6M | $43.9M | $35.5M | $59.1M | $76.5M | $1.34B |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $112.2M | $89.5M | $12.6M | $58.9M | $47.7M | $62.8M | $62.4M | $80.7M | $116.6M | $147.6M |
| Inventario | $8.0M | $12.9M | $7.5M | $19.9M | $22.4M | $34.2M | $27.3M | $18.2M | $23.6M | $330.0M |
| Activos Corrientes | $1.11B | $426.8M | $295.6M | $319.3M | $294.3M | $217.7M | $163.6M | $187.7M | $243.9M | $4.09B |
| Inmovilizado Material | $39.4M | $27.1M | $18.6M | $12.1M | $12.0M | $31.7M | $32.2M | $39.2M | $54.6M | $1.15B |
| Fondo de Comercio | $188.8M | $283.2M | $149.4M | $24.2M | $29.2M | $162.7M | $133.7M | $138.6M | $199.4M | $3.53B |
| Activos Intangibles | $38.8M | $131.1M | $11.9M | $612000 | $357000 | $156.7M | $121.6M | $111.4M | $139.2M | $2.03B |
| Activos Totales | $1.45B | $1.22B | $672.9M | $453.7M | $428.3M | $656.6M | $542.2M | $558.5M | $653.7M | $11.47B |
| Cuentas por Pagar | $15.1M | $21.1M | $9.9M | $6.3M | $7.1M | $18.6M | $12.4M | $16.7M | $19.9M | $24.0M |
| Deuda a Corto | $25.3M | $44.1M | $85.0M | $14.8M | $14.2M | $73.0M | $35.7M | $31.8M | $36.4M | $36.8M |
| Pasivos Corrientes | $721.3M | $282.5M | $238.1M | $71.3M | $52.5M | $145.9M | $101.9M | $129.9M | $160.5M | $2.46B |
| Deuda a Largo | $7.5M | $5.5M | 0 | 0 | 0 | $134.8M | $129.5M | $127.5M | $188.8M | $194.6M |
| Pasivos Totales | $742.7M | $373.2M | $245.8M | $78.5M | $67.4M | $342.2M | $283.3M | $303.2M | $392.3M | $6.81B |
| Reservas | $773.3M | $812.4M | $523.0M | $444.7M | $406.6M | $362.7M | $327.7M | $310.2M | $222.7M | $219.3M |
| Patrimonio Neto | $705.2M | $750.2M | $427.1M | $375.2M | $361.0M | $314.3M | $258.9M | $255.3M | $254.5M | $284.3M |
| Deuda Total | $32.8M | $50.2M | $85.0M | $20.4M | $19.0M | $215.2M | $170.0M | $166.7M | $235.4M | $255.1M |
| Deuda Neta | -$225.6M | -$39.9M | $38.9M | -$197.3M | -$179.6M | $171.2M | $134.6M | $107.6M | $158.9M | -$1.08B |
| Capital Circulante | $384.9M | $144.3M | $57.5M | $248.0M | $241.8M | $71.9M | $61.7M | $57.8M | $83.5M | $1.63B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $72.2M | $69.6M | $90.7M | $1.34B |
| Activos Totales | $652.9M | $704.6M | $675.0M | $11.47B |
| Pasivos Totales | $386.6M | $428.0M | $403.6M | $6.81B |
| Patrimonio Neto | $259.3M | $269.5M | $271.3M | $284.3M |
| Deuda Total | $230.9M | $258.8M | $247.6M | $255.1M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | $74.6M | $38.3M | -$305.3M | -$78.4M | -$38.1M | -$43.9M | -$35.1M | -$17.4M | -$87.5M | $2.8M |
| Amortizaciones | $41.4M | $35.5M | $37.3M | $13.3M | $4.3M | $7.6M | $23.7M | $23.7M | $33.7M | $47.3M |
| Compensación en Acciones | $2.0M | $2.6M | $393000 | $1.7M | $344000 | $3.0M | $7.3M | $7.9M | $9.6M | $7.0M |
| Cambio en Capital Circulante | -$19.8M | $39.1M | -$6.9M | -$10.7M | -$7.4M | -$5.9M | -$14.8M | $8.0M | -$32.7M | -$4.0M |
| Flujo de Caja Operativo | $97.2M | $132.6M | -$4.5M | -$46.0M | -$58.4M | -$37.2M | $410000 | $28.8M | -$9.1M | $52.4M |
| Inversiones (CapEx) | -$11.2M | -$9.6M | -$10.8M | -$5.9M | -$4.3M | -$4.6M | -$16.6M | -$13.0M | -$17.2M | -$20.6M |
| Adquisiciones | -$4.7M | -$6.2M | -$2.1M | $234.7M | $44.7M | -$189.9M | $656000 | $1.9M | -$12.9M | -$11.1M |
| Recompra de Acciones | -$45.8M | 0 | 0 | 0 | 0 | 0 | -$1.3M | -$1.5M | -$13.7M | -$339000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $86.0M | $123.0M | -$15.3M | -$52.0M | -$62.7M | -$41.8M | -$16.2M | $15.8M | -$26.3M | $31.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $8.9M | -$10.9M | $39.1M | $16.9M |
| Inversiones (CapEx) | -$4.0M | -$4.9M | -$3.8M | -$9.3M |
| Flujo de Caja Libre | $4.9M | -$15.8M | $35.3M | $7.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1.9M | $1.9M | $1.3M | $1.8M |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +0.5% | -73.8% | -10.2% | -9.4% | +70.2% | +137.2% | +6.9% | +16.9% | +9.4% |
| Crecimiento Beneficio Neto (anual) | | -46.3% | -894.4% | +74.8% | +51.4% | -15.3% | +20.1% | +50.3% | -401.7% | +103.2% |
| Crecimiento BPA (anual) | | -47.8% | -882.9% | +77.9% | +44.6% | -11.9% | +25.3% | +51.8% | -322.2% | +103.1% |
| Cambio en Acciones (anual) | | +2.3% | +0.1% | +0.1% | +0.6% | +1.6% | +10.4% | -2.9% | +25.3% | +0.0% |
| Crecimiento FCF (anual) | | +43.0% | -112.4% | -240.6% | -20.5% | +33.4% | +61.3% | +197.9% | -266.3% | +220.8% |
| Margen Bruto | 52.1% | 50.3% | 22.7% | 29.1% | 26.4% | 24.4% | 20.9% | 21.5% | 26.2% | 25.4% |
| Margen Operativo | 15.9% | 9.6% | -84.0% | -30.7% | -41.2% | -18.1% | -2.9% | 0.6% | -4.1% | 2.6% |
| Margen EBITDA | 26.1% | 23.6% | -169.5% | -30.5% | -17.7% | -9.3% | 2.9% | 5.3% | -7.7% | 9.1% |
| Margen Neto | 12.0% | 6.4% | -193.6% | -54.3% | -29.1% | -19.7% | -6.6% | -3.1% | -13.3% | 0.4% |
| Margen FCF | 14.1% | 20.1% | -9.5% | -36.0% | -47.9% | -18.8% | -3.1% | 2.8% | -4.0% | 4.4% |
| Tasa Impositiva Efectiva | 37.1% | 60.9% | 1.6% | -4.1% | -24.8% | -0.8% | 6.2% | -23.9% | 17.2% | 36.3% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $1.57 | $2.20 | $-0.27 | $-0.93 | $-1.11 | $-0.73 | $-0.26 | $0.26 | $-0.34 | $0.41 |
| 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) | $54.5M | $55.9M | $56.0M | $56.0M | $56.3M | $57.2M | $63.1M | $61.3M | $76.8M | $76.8M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | 0.22% |
| Rentabilidad sobre capital invertido | 0.13% |
| Rentabilidad sobre activos | 0.03% |
| Margen bruto | 19.97% |
| Margen operativo | 1.76% |
| Margen neto | 0.42% |
Salud financiera
| Deuda / Patrimonio | 0.14 |
| Ratio corriente | 1.66 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | 7.36 | 12.97 | -0.73 | -2.51 | -7.03 | -6.85 | -6.80 | -17.56 | -3.94 | 138.44 |
| P/VC | 0.76 | 0.68 | 0.52 | 0.45 | 0.74 | 0.94 | 0.93 | 1.14 | 1.35 | 1.34 |
| P/V | 0.88 | 0.83 | 1.39 | 1.18 | 2.03 | 1.32 | 0.46 | 0.51 | 0.52 | 0.53 |
| Margen Bruto | 52.1% | 50.3% | 22.7% | 29.1% | 26.4% | 24.4% | 20.9% | 21.5% | 26.2% | 25.4% |
| Margen Operativo | 15.9% | 9.6% | -84.0% | -30.7% | -41.2% | -18.1% | -2.9% | 0.6% | -4.1% | 2.6% |
| Margen Neto | 12.0% | 6.4% | -193.6% | -54.3% | -29.1% | -19.7% | -6.6% | -3.1% | -13.3% | 0.4% |