Estados financieros detallados de Novonix Limited (NVX): 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
Novonix Limited registró ingresos de $5.6M en el último ejercicio fiscal, con un CAGR de 5 años del 1.5%.
Márgenes de los últimos 12 meses: margen bruto -431.2%, margen operativo -17.1%, margen neto -34.5%.
Al precio actual de $2.97, NVX presenta beneficios negativos (P/E no significativo) y un ROE del -63.44%. La capitalización bursátil es de $62M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $80807 | $2.2M | $1.8M | $4.1M | $5.2M | $6.1M | $3.7M | $8.1M | $5.9M | $5.6M |
| Coste de Ventas | $1.4M | $2.8M | $3.3M | $1.2M | $8.5M | $1.7M | $24.3M | $2.8M | $1.8M | $30.0M |
| Beneficio Bruto | -$1.3M | -$596801 | -$1.5M | $2.0M | -$3.3M | $4.4M | $2.8M | $5.2M | $4.1M | -$24.4M |
| I+D | 0 | 0 | 0 | $2.4M | $5.7M | $5.1M | $2.8M | $5.8M | $4.8M | $5.7M |
| Generales y Administrativos | $4.2M | $7.0M | $8.3M | $14.0M | $15.6M | $39.9M | $15.7M | $44.8M | $49.1M | $45.1M |
| Gastos Operativos | $4.1M | $7.8M | $9.8M | $16.3M | $12.7M | $52.4M | $18.5M | $53.5M | $55.6M | $27.9M |
| Beneficio Operativo | -$5.5M | -$8.3M | -$10.8M | -$13.4M | -$17.2M | -$48.0M | -$39.6M | -$48.2M | -$51.5M | -$52.3M |
| EBITDA | -$5.3M | -$8.7M | -$10.5M | -$13.0M | -$14.2M | -$46.2M | -$36.1M | -$38.9M | -$66.6M | -$77.1M |
| Gastos por Intereses | $565459 | $486808 | $1.1M | $3.6M | $171115 | $1.5M | $1.3M | $2.9M | $3.6M | $12.0M |
| Beneficio Antes de Impuestos | -$6.2M | -$10.3M | -$25.8M | -$19.5M | -$17.9M | -$51.9M | -$38.6M | -$46.4M | -$74.7M | -$93.7M |
| Impuestos | -$243067 | $13398 | -$383655 | 0 | 0 | 0 | 0 | -$199949 | $97687 | -$867803 |
| Beneficio Neto | -$6.0M | -$10.3M | -$26.7M | -$13.4M | -$13.4M | -$51.9M | -$38.6M | -$46.2M | -$74.8M | -$92.8M |
| BPA | $-0.75 | $-0.89 | $-2.25 | $-1.72 | $-1.56 | $-4.40 | $-3.20 | $-5.60 | $-6.00 | $-5.20 |
| BPA Diluido | $-0.75 | $-0.89 | $-2.25 | $-1.72 | $-1.56 | $-4.40 | $-3.20 | $-5.60 | $-6.00 | $-5.20 |
| Acciones en Circulación (Diluidas) | $11.6M | $11.6M | $11.6M | $11.6M | $11.6M | $11.6M | $12.2M | $12.2M | $12.4M | $17.0M |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Ingresos | $3.1M | $2.8M | $2.8M | 0 |
| Beneficio Bruto | -$11.2M | -$14.7M | -$9.7M | -$2.5M |
| Beneficio Operativo | -$22.7M | -$26.5M | -$25.8M | -$23.0M |
| EBITDA | -$41.9M | -$16.0M | -$60.3M | -$20.5M |
| Beneficio Neto | -$45.9M | -$20.1M | -$72.7M | -$24.9M |
| BPA | $-3.66 | $-1.28 | $-4.40 | $-1.16 |
| BPA Diluido | $-3.66 | $-1.28 | $-4.40 | $-1.16 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $2.4M | $396224 | $6.1M | $38.8M | $136.7M | $142.7M | $99.0M | $78.7M | $42.6M | $84.1M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $702866 | 0 | 0 |
| Cuentas por Cobrar | $289990 | $595913 | $478402 | $1.2M | $2.0M | $2.5M | $2.8M | $3.6M | $8.2M | $2.1M |
| Inventario | $318695 | $646143 | $1.1M | $1.4M | $2.8M | $1.9M | $3.2M | $2.0M | $1.4M | $2.2M |
| Activos Corrientes | $3.1M | $1.9M | $7.9M | $41.4M | $144.0M | $162.2M | $116.1M | $89.2M | $57.3M | $89.1M |
| Inmovilizado Material | $12.8M | $2.4M | $6.0M | $12.5M | $39.0M | $111.6M | $89.0M | $144.3M | $155.7M | $180.5M |
| Fondo de Comercio | $4.4M | $4.5M | $17.0M | $17.4M | $16.0M | $12.0M | $8.2M | $12.0M | $12.0M | $12.0M |
| Activos Intangibles | $531267 | $5.0M | $18.2M | $18.4M | $16.6M | $389753 | $8.3M | $10406 | 0 | 0 |
| Activos Totales | $35.5M | $37.1M | $34.9M | $75.3M | $202.9M | $303.0M | $277.4M | $263.3M | $226.1M | $282.8M |
| Cuentas por Pagar | $257817 | $331794 | $1.3M | $842178 | $1.8M | $2.7M | $4.1M | $1.3M | $998258 | $4.3M |
| Deuda a Corto | $9.2M | $86886 | $4.1M | $273971 | $277382 | $119970 | $114155 | $28.7M | $30.6M | $61.0M |
| Pasivos Corrientes | $13.1M | $973030 | $6.1M | $4.0M | $5.4M | $7.9M | $8.5M | $37.3M | $46.2M | $83.5M |
| Deuda a Largo | $2.4M | $1.6M | $18.2M | $8.2M | $12.2M | $35.9M | $35.1M | $34.7M | $32.8M | $42.2M |
| Pasivos Totales | $17.1M | $7.9M | $24.4M | $14.9M | $24.7M | $51.8M | $51.4M | $79.4M | $88.5M | $125.7M |
| Reservas | -$7.4M | -$17.7M | -$43.8M | -$63.9M | -$81.9M | -$110.7M | -$94.7M | -$184.8M | -$259.7M | -$352.3M |
| Patrimonio Neto | $18.4M | $29.2M | $10.5M | $60.3M | $178.2M | $251.1M | $151.4M | $183.9M | $137.6M | $157.1M |
| Deuda Total | $11.6M | $1.7M | $22.4M | $11.4M | $20.0M | $41.4M | $40.4M | $68.2M | $70.4M | $99.3M |
| Deuda Neta | $9.2M | $1.3M | $16.3M | -$27.5M | -$116.6M | -$101.3M | -$58.7M | -$10.4M | $27.9M | $15.1M |
| Capital Circulante | -$10.0M | $880554 | $1.7M | $37.4M | $138.7M | $154.3M | $107.7M | $51.9M | $11.1M | $5.6M |
Balance (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Caja y Equivalentes | $42.6M | $26.9M | $84.1M | $63.7M |
| Activos Totales | $226.1M | $239.0M | $282.8M | $265.0M |
| Pasivos Totales | $88.5M | $99.7M | $125.7M | $112.2M |
| Patrimonio Neto | $137.6M | $139.3M | $157.1M | $152.8M |
| Deuda Total | $70.4M | $76.3M | $99.3M | $95.8M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$6.1M | -$7.6M | -$18.3M | -$13.4M | -$13.4M | -$51.9M | -$38.1M | -$46.2M | -$74.8M | -$92.8M |
| Amortizaciones | 0 | $114166 | $7.8M | $1.2M | $1.3M | $4.2M | $3.6M | $4.7M | $4.6M | $4.6M |
| Compensación en Acciones | $3.6M | $6.3M | $6.7M | $5.1M | $4.5M | $14.7M | 0 | $3.8M | $5.5M | 0 |
| Cambio en Capital Circulante | $1.8M | -$1.4M | -$76022 | -$654850 | -$1.6M | $1.1M | $1.5M | $326283 | $3.1M | $3.0M |
| Flujo de Caja Operativo | -$749636 | -$4.1M | -$4.1M | -$3.7M | -$6.1M | -$29.2M | -$13.1M | -$36.2M | -$40.4M | -$42.2M |
| Inversiones (CapEx) | -$1.1M | -$2.1M | -$1.5M | -$3.7M | -$19.6M | -$83.8M | -$16.8M | -$19.2M | -$29.9M | -$60.2M |
| Adquisiciones | -$3.0M | 0 | -$3.6M | 0 | 0 | 0 | 0 | 0 | 0 | $1.3M |
| Recompra de Acciones | 0 | -$175544 | 0 | -$1.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$1.9M | -$4.9M | -$4.3M | -$7.4M | -$25.7M | -$113.0M | -$29.6M | -$55.4M | -$70.3M | -$102.4M |
Flujo de Caja (Trimestral)
| Año | 2024-Q4 | 2025-Q2 | 2025-Q4 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$18.1M | -$22.3M | -$20.0M | -$23.1M |
| Inversiones (CapEx) | -$20.3M | -$34.1M | -$26.2M | -$9.1M |
| Flujo de Caja Libre | -$38.4M | -$56.3M | -$46.2M | -$32.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $776874 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +2587.8% | -16.3% | +127.4% | +26.5% | +16.7% | -38.6% | +115.0% | -27.3% | -4.0% |
| Crecimiento Beneficio Neto (anual) | | -70.9% | -158.9% | +49.7% | -0.1% | -285.7% | +25.5% | -19.7% | -61.8% | -24.0% |
| Crecimiento BPA (anual) | | -18.7% | -152.8% | +23.6% | +9.3% | -182.1% | +27.3% | -75.0% | -7.1% | +13.3% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +4.8% | +0.2% | +1.9% | +37.2% |
| Crecimiento FCF (anual) | | -165.7% | +12.5% | -71.8% | -245.6% | -340.4% | +73.8% | -86.9% | -26.9% | -45.7% |
| Margen Bruto | -1639.7% | -27.5% | -83.8% | 48.8% | -62.7% | 71.7% | 74.1% | 65.0% | 69.8% | -433.3% |
| Margen Operativo | -6752.3% | -381.3% | -594.3% | -324.3% | -328.2% | -787.4% | -1058.2% | -598.8% | -880.0% | -929.6% |
| Margen EBITDA | -6606.8% | -401.2% | -576.2% | -315.2% | -272.4% | -756.9% | -963.0% | -482.5% | -1137.8% | -1372.1% |
| Margen Neto | -7476.9% | -475.3% | -1470.8% | -325.1% | -257.2% | -850.0% | -1031.1% | -574.2% | -1278.0% | -1650.8% |
| Margen FCF | -2301.2% | -227.5% | -237.9% | -179.8% | -491.0% | -1852.4% | -791.3% | -688.1% | -1201.2% | -1822.5% |
| Tasa Impositiva Efectiva | 3.9% | -0.1% | 1.5% | -0.0% | -0.0% | -0.0% | -0.0% | 0.4% | -0.1% | 0.9% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.16 | $-0.43 | $-0.37 | $-0.64 | $-2.21 | $-9.73 | $-2.44 | $-4.55 | $-5.66 | $-6.01 |
| 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) | $11.6M | $11.6M | $11.6M | $11.6M | $11.6M | $11.6M | $12.2M | $12.2M | $12.4M | $17.0M |
Qué mirar en Industrials
Aeroespacial, defensa, maquinaria, transporte. Semi-cíclicos. Clave: backlog, márgenes operativos, y conversión de FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — El mejor indicador de disciplina operativa en industriales
- ROIC — Industriales de calidad tienen ROIC >15% — el resto destruyen capital
- FCF conversion — FCF / Net Income — en industriales bueno >85%
- Deuda neta / EBITDA — Industriales cíclicos con deuda alta sufren mucho en recesión
- Capex / Ingresos — Mantener la maquinaria. <4% = posible infraversión (deterioro futuro)
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
Rentabilidad
| Rentabilidad sobre capital | -63.44% |
| Rentabilidad sobre capital invertido | -19.64% |
| Rentabilidad sobre activos | -37.13% |
| Margen bruto | -431.23% |
| Margen operativo | -1712.45% |
| Margen neto | -3449.16% |
Salud financiera
| Deuda / Patrimonio | 0.63 |
| Ratio corriente | 0.97 |
| Piotroski F-Score | 1 |
| Altman Z-Score | -1.49 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -384.23 | -336.79 | -142.06 | -186.94 | -190.60 | -21.73 | -12.81 | -3.46 | -3.00 | -1.94 |
| P/VC | 182.18 | 119.53 | 351.68 | 62.04 | 19.33 | 4.42 | 3.29 | 1.29 | 1.63 | 1.10 |
| P/V | 41516.80 | 1606.04 | 2040.67 | 905.81 | 658.74 | 181.92 | 133.13 | 29.35 | 38.19 | 30.62 |
| Margen Bruto | -1639.7% | -27.5% | -83.8% | 48.8% | -62.7% | 71.7% | 74.1% | 65.0% | 69.8% | -433.3% |
| Margen Operativo | -6752.3% | -381.3% | -594.3% | -324.3% | -328.2% | -787.4% | -1058.2% | -598.8% | -880.0% | -929.6% |
| Margen Neto | -7476.9% | -475.3% | -1470.8% | -325.1% | -257.2% | -850.0% | -1031.1% | -574.2% | -1278.0% | -1650.8% |