Estados financieros detallados de mF International Limited (MFI): 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
mF International Limited registró ingresos de $33.8M en el último ejercicio fiscal, con un CAGR de 5 años del -0.8%. El beneficio neto alcanzó $78.7M, con un CAGR a 5 años del 46.5%.
Márgenes de los últimos 12 meses: margen bruto 24.8%, margen operativo -101.5%, margen neto 232.5%.
Al precio actual de $9.27, MFI presenta beneficios negativos (P/E no significativo) y un ROE del 1.96%. La capitalización bursátil es de $15M.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $35.2M | $32.2M | $34.9M | $32.0M | $26.1M | $33.8M |
| Coste de Ventas | $20.2M | $16.3M | $16.5M | $14.0M | $13.8M | $23.8M |
| Beneficio Bruto | $15.0M | $16.0M | $18.4M | $18.0M | $12.3M | $10.0M |
| I+D | $543805 | $29478 | $80012 | $11373 | $172810 | $45967 |
| Generales y Administrativos | $5.5M | $5.4M | $10.8M | $11.3M | $31.5M | $44.3M |
| Gastos Operativos | $6.0M | $5.4M | $10.9M | $11.3M | $31.7M | $44.4M |
| Beneficio Operativo | $9.0M | $10.5M | $7.5M | $6.7M | -$19.4M | -$34.3M |
| EBITDA | $9.4M | $10.8M | $7.8M | $6.8M | -$13.3M | -$25.0M |
| Gastos por Intereses | 0 | $479904 | $443577 | $353000 | 0 | 0 |
| Beneficio Antes de Impuestos | $12.5M | $10.8M | $7.2M | $6.8M | -$19.4M | $75.7M |
| Impuestos | $815267 | $431630 | $387845 | $148309 | $781759 | -$3.0M |
| Beneficio Neto | $11.7M | $10.3M | $6.8M | $6.6M | -$20.2M | $78.7M |
| BPA | $8.08 | $6.25 | $4.12 | $4.58 | $-12.70 | $13.93 |
| BPA Diluido | $8.08 | $6.25 | $4.12 | $4.58 | $-12.70 | $13.54 |
| Acciones en Circulación (Diluidas) | $1.4M | $1.7M | $1.7M | $1.4M | $1.6M | $5.8M |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Ingresos | $13.6M | $15.1M | $18.7M | $12.0M |
| Beneficio Bruto | $7.0M | $5.4M | $3.0M | $7.4M |
| Beneficio Operativo | -$13.0M | -$14.1M | -$20.2M | -$26.1M |
| EBITDA | -$13.0M | -$13.9M | -$14.9M | -$24.7M |
| Beneficio Neto | -$14.7M | -$13.7M | $92.2M | -$2.13B |
| BPA | $-8.84 | $-8.26 | $1.87 | $-42.48 |
| BPA Diluido | $-8.84 | $-8.26 | $1.87 | $-42.48 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $19.3M | $10.1M | $12.1M | $6.8M | $19.7M | $223.4M |
| Inversiones a Corto | $3.6M | $7.0M | $2.0M | $343862 | $343862 | $3.66B |
| Cuentas por Cobrar | $244716 | $681230 | $1.1M | $2.6M | $1.1M | $590879 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $24.0M | $18.7M | $15.5M | $10.1M | $34.0M | $4.03B |
| Inmovilizado Material | $2.1M | $56690 | $237544 | $3.0M | $2.0M | $4.7M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $12.7M | $13.7M | $13.6M | $15.3M | $18.8M | $53381 |
| Activos Totales | $38.8M | $33.3M | $34.5M | $33.9M | $58.3M | $4.04B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $1.5M | $2.7M | $3.7M | $3.9M | $4.0M | $1.4M |
| Pasivos Corrientes | $14.8M | $10.3M | $11.9M | $12.2M | $17.0M | $24.5M |
| Deuda a Largo | $12.2M | $13.6M | $9.9M | $6.1M | $2.0M | 0 |
| Pasivos Totales | $28.7M | $25.9M | $24.1M | $22.1M | $22.4M | $26.3M |
| Reservas | $19.4M | $29.8M | $8.5M | $9.8M | -$10.4M | $68.3M |
| Patrimonio Neto | $10.2M | $7.5M | $10.4M | $11.7M | $35.9M | $4.01B |
| Deuda Total | $15.4M | $16.5M | $15.4M | $12.9M | $7.6M | $5.8M |
| Deuda Neta | -$7.6M | -$665522 | $1.3M | $5.7M | -$12.4M | -$3.88B |
| Capital Circulante | $9.2M | $8.4M | $3.6M | -$2.1M | $17.0M | $4.01B |
Balance (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Caja y Equivalentes | $19.7M | $12.9M | $223.4M | $227.6M |
| Activos Totales | $58.3M | $43.7M | $4.04B | $1.89B |
| Pasivos Totales | $22.4M | $21.5M | $26.3M | $7.9M |
| Patrimonio Neto | $35.9M | $22.2M | $4.01B | $1.88B |
| Deuda Total | $7.6M | $4.9M | $5.8M | $3.3M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $11.7M | $10.3M | $6.8M | $6.6M | -$20.2M | $78.7M |
| Amortizaciones | $2.2M | $8.0M | $8.1M | $7.3M | $6.1M | $9.3M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | -$2.3M | -$858561 | -$410341 | -$3.7M | -$9.4M | $8.9M |
| Flujo de Caja Operativo | $23.7M | $12.7M | $13.5M | $11.3M | -$21.9M | -$15.9M |
| Inversiones (CapEx) | 0 | -$7.3M | -$41721 | -$7.3M | -$8.4M | -$2.5M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | -$10.0M | -$5.3M | 0 | 0 |
| Flujo de Caja Libre | $23.7M | $5.5M | $13.5M | $4.0M | -$30.3M | -$18.3M |
Flujo de Caja (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$4.2M | -$2.6M | -$13.2M | -$24.6M |
| Inversiones (CapEx) | -$454576 | -$31020 | -$120336 | -$139878 |
| Flujo de Caja Libre | -$4.6M | -$2.7M | -$13.3M | -$24.7M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -8.5% | +8.4% | -8.5% | -18.4% | +29.7% |
| Crecimiento Beneficio Neto (anual) | | -11.4% | -34.1% | -2.8% | -404.9% | +489.6% |
| Crecimiento BPA (anual) | | -22.6% | -34.1% | +11.2% | -377.3% | +209.7% |
| Cambio en Acciones (anual) | | +14.4% | +0.0% | -12.6% | +9.9% | +265.0% |
| Crecimiento FCF (anual) | | -76.9% | +146.1% | -70.2% | -856.6% | +39.5% |
| Margen Bruto | 42.7% | 49.5% | 52.7% | 56.2% | 47.2% | 29.6% |
| Margen Operativo | 25.6% | 32.7% | 21.6% | 20.9% | -74.3% | -101.6% |
| Margen EBITDA | 26.7% | 33.5% | 22.2% | 21.3% | -50.8% | -74.0% |
| Margen Neto | 33.2% | 32.1% | 19.5% | 20.7% | -77.5% | 232.8% |
| Margen FCF | 67.2% | 17.0% | 38.5% | 12.5% | -116.2% | -54.2% |
| Tasa Impositiva Efectiva | 6.5% | 4.0% | 5.4% | 2.2% | -4.0% | -4.0% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $16.34 | $3.30 | $8.12 | $2.77 | $-19.05 | $-3.16 |
| Dividendo por Acción | $0.00 | $0.00 | $6.04 | $3.68 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $1.4M | $1.7M | $1.7M | $1.4M | $1.6M | $5.6M |
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 | 1.96% |
| Rentabilidad sobre capital invertido | -0.85% |
| Rentabilidad sobre activos | 1.95% |
| Margen bruto | 24.81% |
| Margen operativo | -101.54% |
| Margen neto | 232.51% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 164.32 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 19.79 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 94.35 | 122.64 | 186.36 | 167.62 | -3.28 | 10.38 |
| P/VC | 108.77 | 169.68 | 121.99 | 94.67 | 1.85 | 0.20 |
| P/V | 31.37 | 39.41 | 36.41 | 34.78 | 2.54 | 24.13 |
| Margen Bruto | 42.7% | 49.5% | 52.7% | 56.2% | 47.2% | 29.6% |
| Margen Operativo | 25.6% | 32.7% | 21.6% | 20.9% | -74.3% | -101.6% |
| Margen Neto | 33.2% | 32.1% | 19.5% | 20.7% | -77.5% | 232.8% |