Estados financieros detallados de Lifezone Metals Limited (LZM): 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
Lifezone Metals Limited registró ingresos de $1.1M en el último ejercicio fiscal, con un CAGR de 5 años del -0.1%.
Márgenes de los últimos 12 meses: margen bruto -28.5%, margen operativo -8.5%, margen neto -9.7%.
Al precio actual de $3.66, LZM presenta beneficios negativos (P/E no significativo) y un ROE del -27.57%. La capitalización bursátil es de $329M.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $1.1M | $2.1M | $2.9M | $1.5M | $140522 | $1.1M |
| Coste de Ventas | 0 | $442818 | $1.5M | $753973 | $86872 | $2.0M |
| Beneficio Bruto | $1.1M | $1.6M | $1.5M | $723853 | $53650 | -$966837 |
| I+D | 0 | 0 | 0 | $90978 | $157607 | $127135 |
| Generales y Administrativos | $961456 | $19.4M | $24.9M | $283.6M | $32.3M | $17.0M |
| Gastos Operativos | $1.1M | $19.7M | $27.2M | $365.9M | $48.3M | $17.3M |
| Beneficio Operativo | -$495 | -$18.0M | -$25.7M | -$365.2M | -$48.3M | -$18.2M |
| EBITDA | $57818 | -$17.9M | -$25.2M | -$287.9M | -$37.9M | -$16.7M |
| Gastos por Intereses | $3910 | 0 | $266354 | $211979 | $6.4M | $10.4M |
| Beneficio Antes de Impuestos | $8906 | -$18.2M | -$25.5M | -$364.7M | -$46.6M | -$14.4M |
| Impuestos | 0 | 0 | 0 | 0 | $540126 | -$263493 |
| Beneficio Neto | $8906 | -$18.0M | -$23.6M | -$363.9M | -$46.3M | -$13.6M |
| BPA | $0.00 | $-0.32 | $-0.66 | $-5.52 | $-0.59 | $-0.17 |
| BPA Diluido | $0.00 | $-0.32 | $-0.66 | $-5.52 | $-0.59 | $-0.17 |
| Acciones en Circulación (Diluidas) | $35.8M | $35.8M | $35.8M | $65.9M | $78.3M | $79.9M |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Ingresos | $90872 | $325451 | $731592 | $1.7M |
| Beneficio Bruto | $16251 | -$248035 | -$420142 | -$263369 |
| Beneficio Operativo | -$38.7M | -$7.9M | -$10.7M | -$9.6M |
| EBITDA | -$29.8M | -$7.3M | -$9.9M | -$8.9M |
| Beneficio Neto | -$35.6M | $2.7M | -$16.3M | -$6.9M |
| BPA | $-0.44 | $-0.08 | $-0.19 | $-0.08 |
| BPA Diluido | $-0.44 | $-0.08 | $-0.19 | $-0.08 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $600089 | $45.6M | $20.5M | $49.4M | $29.3M | $20.1M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $367076 | $1.1M | $6.0M | $2.7M | $932590 | $1.1M |
| Inventario | 0 | 0 | $49736 | $100780 | $162003 | $58017 |
| Activos Corrientes | $1.2M | $47.6M | $76.6M | $54.8M | $31.7M | $22.2M |
| Inmovilizado Material | 0 | $13.7M | $19.7M | $77.5M | $6.5M | $6.4M |
| Fondo de Comercio | 0 | 0 | 0 | $9.0M | 0 | 0 |
| Activos Intangibles | $533823 | $581417 | $694963 | $914204 | $889820 | $875186 |
| Activos Totales | $1.8M | $61.9M | $97.0M | $142.3M | $156.7M | $175.8M |
| Cuentas por Pagar | $240099 | $722200 | $645677 | $2.5M | $3.0M | $1.9M |
| Deuda a Corto | 0 | 0 | $300000 | 0 | $26.2M | $34.5M |
| Pasivos Corrientes | $240099 | $2.3M | $16.7M | $12.8M | $56.0M | $59.1M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | $16.7M |
| Pasivos Totales | $240099 | $8.0M | $21.0M | $13.9M | $57.3M | $102.9M |
| Reservas | -$764032 | -$20.7M | -$44.3M | -$408.2M | -$454.5M | -$468.1M |
| Patrimonio Neto | $1.5M | $54.0M | -$8.5M | $44.6M | $89.5M | $73.8M |
| Deuda Total | 0 | 0 | $695880 | $1.8M | $27.7M | $58.4M |
| Deuda Neta | -$600089 | -$45.6M | -$19.8M | -$47.6M | -$1.6M | $38.3M |
| Capital Circulante | $990505 | $45.2M | $59.9M | $42.1M | -$24.3M | -$36.8M |
Balance (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Caja y Equivalentes | $29.3M | $12.5M | $20.1M | $37.3M |
| Activos Totales | $156.7M | $148.6M | $175.8M | $208.6M |
| Pasivos Totales | $57.3M | $46.0M | $102.9M | $115.2M |
| Patrimonio Neto | $89.5M | $93.2M | $73.8M | $94.5M |
| Deuda Total | $27.7M | $31.4M | $58.4M | $84.8M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $8906 | -$475413 | -$25.4M | -$363.9M | -$47.1M | -$13.6M |
| Amortizaciones | $51861 | $88173 | $318127 | $1.0M | $1.6M | $1.5M |
| Compensación en Acciones | 0 | 0 | 0 | $265.6M | $17.8M | 0 |
| Cambio en Capital Circulante | -$318463 | -$743044 | $7.9M | -$9.7M | -$523413 | -$1.9M |
| Flujo de Caja Operativo | -$260645 | -$1.2M | -$17.0M | -$27.0M | -$15.9M | -$16.9M |
| Inversiones (CapEx) | -$148587 | -$203989 | -$6.2M | -$52.1M | -$51.0M | -$37189 |
| Adquisiciones | 0 | 0 | -$2.0M | -$8.1M | -$4.0M | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$409232 | -$1.2M | -$23.2M | -$78.9M | -$66.9M | -$16.9M |
Flujo de Caja (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$7.6M | -$6.7M | -$10.6M | -$11.0M |
| Inversiones (CapEx) | -$22.8M | -$10.2M | -$21650 | -$4139 |
| Flujo de Caja Libre | -$30.4M | -$16.9M | -$10.6M | -$11.0M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $17.8M | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +96.9% | +39.9% | -49.5% | -90.5% | +652.2% |
| Crecimiento Beneficio Neto (anual) | | -202240.6% | -31.0% | -1442.9% | +87.3% | +70.6% |
| Crecimiento BPA (anual) | | -160100.0% | -106.2% | -736.4% | +89.3% | +71.2% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | +83.9% | +18.8% | +2.0% |
| Crecimiento FCF (anual) | | -198.8% | -1798.1% | -239.8% | +15.2% | +74.7% |
| Margen Bruto | 100.0% | 78.8% | 50.0% | 49.0% | 38.2% | -91.5% |
| Margen Operativo | -0.0% | -861.6% | -877.5% | -24710.3% | -34353.8% | -1724.9% |
| Margen EBITDA | 5.4% | -854.2% | -859.4% | -19480.9% | -26962.0% | -1584.0% |
| Margen Neto | 0.8% | -860.3% | -805.6% | -24622.3% | -32952.3% | -1289.2% |
| Margen FCF | -38.5% | -58.4% | -792.7% | -5335.8% | -47603.7% | -1602.3% |
| Tasa Impositiva Efectiva | 0.0% | -0.0% | -0.0% | -0.0% | -1.2% | 1.8% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.01 | $-0.03 | $-0.65 | $-1.20 | $-0.85 | $-0.21 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $35.8M | $35.8M | $35.8M | $65.9M | $78.3M | $79.9M |
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 | -27.57% |
| Rentabilidad sobre capital invertido | -10.17% |
| Rentabilidad sobre activos | -11.12% |
| Margen bruto | -28.49% |
| Margen operativo | -849.79% |
| Margen neto | -966.75% |
Salud financiera
| Deuda / Patrimonio | 0.90 |
| Ratio corriente | 0.67 |
| Piotroski F-Score | 2 |
| Altman Z-Score | -2.33 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 49300.00 | -30.97 | -15.73 | -1.64 | -11.78 | -25.12 |
| P/VC | 231.80 | 6.57 | -43.94 | 13.34 | 6.08 | 4.62 |
| P/V | 332.54 | 169.71 | 127.06 | 403.07 | 3871.38 | 322.61 |
| Margen Bruto | 100.0% | 78.8% | 50.0% | 49.0% | 38.2% | -91.5% |
| Margen Operativo | -0.0% | -861.6% | -877.5% | -24710.3% | -34353.8% | -1724.9% |
| Margen Neto | 0.8% | -860.3% | -805.6% | -24622.3% | -32952.3% | -1289.2% |