Estados financieros detallados de Nouveau Monde Graphite Inc. (NMG): 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 0.0%, margen operativo 0.0%, margen neto 0.0%.
Al precio actual de $1.34, NMG presenta beneficios negativos (P/E no significativo) y un ROE del -131.72%. La capitalización bursátil es de $441M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Coste de Ventas | $18307 | $22818 | $493070 | $834393 | $3.1M | $1.6M | $5.2M | $10.0M | $38180 | $7.3M |
| Beneficio Bruto | -$18307 | -$22818 | -$493070 | -$834393 | -$3.1M | -$1.6M | -$5.2M | -$10.0M | -$38180 | -$7.3M |
| I+D | $431847 | -$85031 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $1.3M | $3.1M | $4.5M | $12.5M | $19.5M | $25.1M | $32.5M | $28.4M | $49626 | $50.9M |
| Gastos Operativos | $2.1M | $3.2M | $4.7M | $12.5M | -$19.9M | -$40.0M | $50.0M | $45.1M | $48102 | $50.9M |
| Beneficio Operativo | -$2.1M | -$3.2M | -$5.2M | -$13.3M | $16.7M | $38.5M | -$55.2M | -$55.1M | -$86282 | -$58.3M |
| EBITDA | -$2.0M | -$3.5M | -$4.7M | -$12.4M | -$20.3M | -$36.1M | -$41.0M | -$36.2M | -$63716 | -$95.8M |
| Gastos por Intereses | $6500 | $3379 | $7388 | $266164 | $1.2M | $2.3M | $1.7M | $11.3M | $535 | $1.6M |
| Beneficio Antes de Impuestos | -$2.1M | -$4.1M | -$5.2M | -$13.5M | -$18.0M | -$39.5M | -$47.3M | -$55.6M | -$72885 | -$104.7M |
| Impuestos | -$97306 | $897324 | $2.8M | -$345479 | 0 | $400000 | $400000 | $400000 | $400 | $399674 |
| Beneficio Neto | -$2.0M | -$5.0M | -$8.1M | -$13.1M | -$18.0M | -$39.9M | -$47.7M | -$56.0M | -$73285 | -$105.1M |
| BPA | $-0.31 | $-0.52 | $-0.54 | $-0.30 | $-0.73 | $-0.93 | $-0.86 | $-0.00 | $-0.00 | $-0.69 |
| BPA Diluido | $-0.31 | $-0.52 | $-0.54 | $-0.30 | $-0.73 | $-0.93 | $-0.86 | $-0.00 | $-0.00 | $-0.69 |
| Acciones en Circulación (Diluidas) | $6.2M | $9.6M | $15.1M | $22.7M | $26.3M | $43.0M | $55.6M | $60.1M | $103.1M | $154.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | 0 | 0 | 0 | 0 |
| Beneficio Bruto | -$3.9M | -$1.6M | -$345891 | -$351152 |
| Beneficio Operativo | $13.0M | -$10.6M | -$14.3M | -$13.2M |
| EBITDA | -$75.4M | $7.1M | -$3.8M | -$12.9M |
| Beneficio Neto | -$76.7M | $5.0M | -$4.5M | $9.4M |
| BPA | $-0.50 | $0.03 | $-0.03 | $0.04 |
| BPA Diluido | $-0.50 | $0.03 | $-0.03 | $0.04 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $2.4M | $10.1M | $3.8M | $3.3M | $3.7M | $62.4M | $59.9M | $36.3M | $106.3M | $74.5M |
| Inversiones a Corto | $46191 | $53950 | $19757 | $16965 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $747200 | $2.2M | $2.6M | $3.9M | $4.3M | 0 | 0 | $1.2M | 0 | $3.3M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $3.2M | $12.5M | $6.4M | $7.4M | $8.2M | $74.2M | $73.9M | $42.9M | $114.0M | $79.4M |
| Inmovilizado Material | $5.6M | $9.6M | $25.5M | $2.6M | $4.1M | $44.4M | $66.8M | $68.5M | $79.2M | $86.9M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | $10194 | $2.1M | $1.2M | $722135 | $481000 | $182000 | $59000 | 0 | 0 |
| Activos Totales | $8.9M | $22.1M | $37.7M | $13.4M | $16.6M | $126.3M | $150.1M | $123.9M | $204.1M | $174.3M |
| Cuentas por Pagar | $572099 | $1.6M | $5.8M | 0 | 0 | $13.3M | $12.8M | $6.9M | $10.9M | $8.0M |
| Deuda a Corto | 0 | 0 | $930841 | $3.8M | $1.6M | $208000 | $225000 | $480000 | $16.5M | $17.8M |
| Pasivos Corrientes | $694049 | $1.6M | $6.7M | $7.6M | $8.3M | $15.7M | $16.1M | $12.0M | $47.0M | $91.3M |
| Deuda a Largo | 0 | 0 | $2.4M | 0 | $11.4M | $1.9M | $58.3M | $54.9M | $764000 | $498593 |
| Pasivos Totales | $694049 | $2.7M | $14.0M | $8.2M | $20.8M | $20.7M | $77.8M | $69.5M | $50.4M | $94.5M |
| Reservas | -$7.5M | -$12.8M | -$21.6M | -$45.5M | -$60.4M | -$116.9M | -$164.6M | -$220.6M | -$293.9M | -$398.7M |
| Patrimonio Neto | $8.2M | $19.5M | $23.7M | $5.2M | -$4.2M | $105.7M | $72.3M | $54.4M | $153.7M | $79.8M |
| Deuda Total | 0 | 0 | $3.3M | $3.9M | $13.6M | $4.5M | $61.3M | $57.5M | $19.0M | $19.4M |
| Deuda Neta | -$2.5M | -$10.2M | -$506065 | $658569 | $10.0M | -$57.9M | $1.4M | $21.1M | -$87.3M | -$55.1M |
| Capital Circulante | $2.6M | $10.9M | -$295040 | -$200501 | -$134223 | $58.4M | $57.8M | $30.9M | $67.0M | -$11.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $61.8M | $74.5M | $58.1M | $461.4M |
| Activos Totales | $161.3M | $174.3M | $167.0M | $608.1M |
| Pasivos Totales | $112.4M | $94.5M | $89.3M | $117.8M |
| Patrimonio Neto | $49.0M | $79.8M | $77.7M | $490.3M |
| Deuda Total | $19.8M | $19.4M | $19.5M | $19.7M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$2.0M | -$5.0M | -$8.1M | -$6.8M | -$18.0M | -$39.9M | -$47.7M | -$56.0M | -$73.3M | -$105.1M |
| Amortizaciones | $18307 | $22818 | $493070 | $724030 | $1.2M | $1.1M | $4.6M | $8.1M | $9.1M | $7.3M |
| Compensación en Acciones | $273710 | $856739 | $844949 | $518974 | $2.0M | $6.7M | $8.7M | $3.1M | $3.9M | 0 |
| Cambio en Capital Circulante | $357764 | -$215684 | $4.8M | -$461844 | -$135000 | -$3.2M | -$3.1M | $2.1M | -$1.5M | $476610 |
| Flujo de Caja Operativo | -$1.2M | -$2.6M | $948351 | -$5.1M | -$18.0M | -$34.3M | -$44.9M | -$39.5M | -$52.0M | -$44.8M |
| Inversiones (CapEx) | -$2.1M | -$4.6M | -$17.9M | -$15.4M | -$1.3M | -$37.0M | -$26.7M | -$10.1M | -$14.1M | -$13.7M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$3.3M | -$7.2M | -$17.0M | -$20.6M | -$19.3M | -$71.3M | -$71.6M | -$49.6M | -$66.0M | -$58.5M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$6.2M | -$10.6M | -$12.4M | -$8.4M |
| Inversiones (CapEx) | -$5.4M | -$2.5M | -$4.1M | -$8.7M |
| Flujo de Caja Libre | -$11.6M | -$13.0M | -$16.5M | -$17.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $964000 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Beneficio Neto (anual) | | -155.9% | -60.4% | -63.1% | -36.8% | -121.9% | -19.6% | -17.3% | +99.9% | -143300.8% |
| Crecimiento BPA (anual) | | -67.7% | -3.8% | +44.4% | -143.3% | -27.4% | +7.5% | +99.9% | +33.3% | -114900.0% |
| Cambio en Acciones (anual) | | +53.8% | +56.7% | +50.9% | +15.7% | +63.5% | +29.4% | +8.1% | +71.6% | +49.4% |
| Crecimiento FCF (anual) | | -115.2% | -136.1% | -21.0% | +6.1% | -269.1% | -0.4% | +30.7% | -33.1% | +11.4% |
| Tasa Impositiva Efectiva | 4.7% | -21.7% | -53.8% | 2.6% | -0.0% | -1.0% | -0.8% | -0.7% | -0.5% | -0.4% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.54 | $-0.75 | $-1.13 | $-0.90 | $-0.73 | $-1.66 | $-1.29 | $-0.83 | $-0.64 | $-0.38 |
| 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) | $6.2M | $9.6M | $15.1M | $22.7M | $26.3M | $43.0M | $55.6M | $60.1M | $103.1M | $154.0M |
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 | -131.72% |
| Rentabilidad sobre capital invertido | -57.85% |
| Rentabilidad sobre activos | -60.29% |
| Margen bruto | 0.00% |
| Margen operativo | 0.00% |
| Margen neto | 0.00% |
Salud financiera
| Deuda / Patrimonio | 0.24 |
| Ratio corriente | 0.87 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -13.24 | -8.69 | -4.85 | -6.73 | -14.14 | -9.50 | -6.01 | -3839.37 | -3810.94 | -4.93 |
| P/VC | 3.14 | 2.23 | 1.67 | 8.81 | -64.78 | 3.59 | 3.98 | 3.81 | 1.53 | 6.57 |
| P/V | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Margen Bruto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Operativo | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Neto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |