Estados financieros detallados de OFS Capital Corporation (OFS): 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 294.2%, margen operativo 223.3%, margen neto 351.6%. El flujo de caja libre creció a un CAGR del -11.6% en 5 años.
Al precio actual de $3.99, OFS presenta beneficios negativos (P/E no significativo) y un ROE del -18.44%. La capitalización bursátil es de $53M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $22.9M | $17.5M | $23.3M | $29.9M | $29.1M | $85.7M | $12.7M | $24.3M | $49.5M | -$11.8M |
| Coste de Ventas | $5.3M | $5.8M | $9.2M | $15.8M | $18.8M | $17.5M | $17.0M | $19.5M | $16.6M | $16.5M |
| Beneficio Bruto | $17.6M | $11.7M | $14.0M | $14.1M | $10.3M | $68.2M | -$4.3M | $4.8M | $32.9M | -$28.3M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $3.8M | $3.8M | $4.5M | $4.6M | $5.2M | $6.8M | $3.1M | $5.0M | $4.4M | $4.3M |
| Gastos Operativos | $3.8M | $3.8M | $4.5M | $4.6M | $6.6M | $11.4M | $3.3M | $5.3M | $4.4M | $4.8M |
| Beneficio Operativo | $13.8M | $7.9M | $9.6M | $9.6M | $3.7M | $56.9M | -$7.6M | -$465000 | $28.4M | -$33.1M |
| EBITDA | $14.0M | $8.1M | $9.8M | $9.7M | $3.9M | $57.1M | -$7.2M | -$57000 | $28.5M | -$33.1M |
| Gastos por Intereses | $5.3M | $5.8M | $9.2M | $15.8M | $18.8M | $17.5M | $17.0M | $19.5M | $16.6M | $16.5M |
| Beneficio Antes de Impuestos | $13.8M | $7.9M | $9.6M | $9.6M | $3.7M | $56.9M | -$7.6M | -$465000 | $28.4M | -$33.1M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | $13.8M | $7.9M | $9.6M | $9.6M | $3.7M | $56.9M | -$7.6M | -$465000 | $28.4M | -$33.1M |
| BPA | $1.43 | $0.64 | $0.72 | $0.71 | $0.28 | $4.24 | $-0.58 | $-0.03 | $2.12 | $-2.47 |
| BPA Diluido | $1.43 | $0.64 | $0.72 | $0.71 | $0.28 | $4.24 | $-0.58 | $-0.03 | $2.12 | $-2.47 |
| Acciones en Circulación (Diluidas) | $9.7M | $12.4M | $13.3M | $13.4M | $13.4M | $13.4M | $13.4M | $13.4M | $13.4M | $13.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $759000 | -$5.5M | -$2.4M | $819000 |
| Beneficio Bruto | -$3.8M | -$9.8M | -$4.3M | -$685000 |
| Beneficio Operativo | -$5.3M | -$10.8M | -$7.2M | $9.3M |
| EBITDA | -$5.3M | -$10.8M | -$7.4M | $9.3M |
| Beneficio Neto | -$5.3M | -$10.8M | -$11.6M | $5.6M |
| BPA | $-0.40 | $-0.81 | $-0.86 | $0.42 |
| BPA Diluido | $-0.40 | $-0.81 | $-0.86 | $0.42 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $17.7M | $73.0M | $38.2M | $13.4M | $37.7M | $43.0M | $14.9M | $45.3M | $6.1M | $3.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $1.8M | $2.7M | $2.8M | $3.3M | $1.3M | $16.4M | $2.2M | $2.2M | $11.0M | $719000 |
| Inventario | -$305.0M | -$357.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $19.4M | $75.7M | $44.6M | $18.3M | $39.4M | $61.9M | $18.3M | $45.3M | $17.1M | $3.4M |
| Inmovilizado Material | -$26.4M | -$83.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fondo de Comercio | $1.1M | $1.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $1.9M | $1.7M | 0 | $1.3M | $1.1M | 0 | $477000 | $69000 | 0 | 0 |
| Activos Totales | $305.0M | $357.8M | $441.4M | $538.2M | $483.8M | $569.0M | $520.7M | $469.8M | $428.1M | $346.7M |
| Cuentas por Pagar | $1.6M | $1.6M | $6.9M | $10.3M | $8.4M | $8.8M | $3.9M | $3.7M | $1.8M | $2.3M |
| Deuda a Corto | 0 | 0 | $12.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $4.9M | $4.6M | $19.6M | $18.5M | $15.3M | $19.1M | $8.3M | $15.0M | $8.1M | $4.5M |
| Deuda a Largo | $156.3M | $164.8M | $242.8M | $352.5M | $309.2M | $344.8M | $331.8M | $299.7M | $246.7M | $217.6M |
| Pasivos Totales | $161.3M | $169.4M | $266.4M | $371.6M | $324.9M | $365.3M | $340.3M | $307.8M | $255.9M | $223.5M |
| Reservas | $6.7M | $9.4M | -$12.7M | -$20.8M | -$28.3M | $18.5M | -$4.6M | -$23.0M | -$12.8M | -$51.1M |
| Patrimonio Neto | $143.8M | $188.3M | $175.0M | $166.6M | $159.0M | $203.7M | $180.4M | $162.0M | $172.2M | $123.2M |
| Deuda Total | $156.3M | $164.8M | $254.8M | $352.5M | $309.2M | $344.8M | $331.8M | $299.7M | $246.7M | $217.6M |
| Deuda Neta | $138.7M | $91.9M | $216.7M | $339.0M | $271.5M | $301.8M | $316.8M | $254.4M | $240.6M | $214.3M |
| Capital Circulante | $14.5M | $71.1M | $25.0M | -$181000 | $24.0M | $42.8M | $10.0M | $30.3M | $8.9M | -$1.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $5.0M | $3.4M | $3.3M | $4.0M |
| Activos Totales | $378.1M | $346.7M | $315.7M | $304.5M |
| Pasivos Totales | $241.8M | $223.5M | $206.4M | $191.9M |
| Patrimonio Neto | $136.3M | $123.2M | $109.3M | $112.6M |
| Deuda Total | $236.1M | $217.6M | $199.9M | $183.5M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $13.8M | $7.9M | $9.6M | $9.6M | $3.7M | $56.9M | -$7.6M | -$465000 | $28.4M | -$33.1M |
| Amortizaciones | $195000 | $195000 | $195000 | $195000 | $206000 | $222000 | $409000 | $408000 | $69000 | $1.6M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | -$999000 | -$992000 | $7.8M | $6.9M | -$845000 | -$10.7M | $2.5M | -$171000 | -$8.0M | $8.6M |
| Flujo de Caja Operativo | -$11.3M | $10.7M | -$101.1M | -$101.6M | $80.6M | -$12.0M | $2.9M | $21.4M | $33.0M | $43.6M |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -$13.1M | -$16.7M | -$22.9M | -$17.9M | -$11.4M | -$12.1M | -$15.4M | -$18.0M | -$18.2M | -$15.9M |
| Flujo de Caja Libre | -$11.3M | $10.7M | -$101.1M | -$101.6M | $80.6M | -$12.0M | $2.9M | $21.4M | $33.0M | $43.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $6.0M | $19.4M | $21.8M | $17.4M |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $6.0M | $19.4M | $21.8M | $17.4M |
| Dividendos Pagados | -$4.6M | -$2.3M | -$2.3M | -$1.1M |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -23.7% | +33.0% | +28.6% | -2.7% | +194.2% | -85.2% | +91.2% | +104.0% | -123.8% |
| Crecimiento Beneficio Neto (anual) | | -42.8% | +21.0% | -0.2% | -61.3% | +1439.4% | -113.3% | +93.9% | +6216.6% | -216.4% |
| Crecimiento BPA (anual) | | -55.2% | +12.5% | -1.4% | -60.6% | +1414.3% | -113.7% | +94.0% | +6209.5% | -216.5% |
| Cambio en Acciones (anual) | | +28.0% | +7.6% | +0.1% | +0.2% | +0.1% | +0.0% | -0.1% | +0.0% | +0.0% |
| Crecimiento FCF (anual) | | +194.3% | -1047.1% | -0.5% | +179.3% | -114.9% | +124.5% | +625.3% | +54.5% | +32.2% |
| Margen Bruto | 76.9% | 66.8% | 60.3% | 47.1% | 35.5% | 79.6% | -34.1% | 19.7% | 66.4% | 239.8% |
| Margen Operativo | 60.3% | 45.2% | 41.1% | 31.9% | 12.7% | 66.3% | -59.8% | -1.9% | 57.4% | 280.2% |
| Margen EBITDA | 61.2% | 46.3% | 42.0% | 32.6% | 13.4% | 66.6% | -56.5% | -0.2% | 57.6% | 280.2% |
| Margen Neto | 60.3% | 45.2% | 41.1% | 31.9% | 12.7% | 66.3% | -59.8% | -1.9% | 57.4% | 280.2% |
| Margen FCF | -49.4% | 61.0% | -434.3% | -339.4% | 276.7% | -14.0% | 23.2% | 88.0% | 66.7% | -369.5% |
| Tasa Impositiva Efectiva | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.0% | -0.0% | 0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-1.17 | $0.86 | $-7.57 | $-7.61 | $6.02 | $-0.90 | $0.22 | $1.59 | $2.46 | $3.26 |
| Dividendo por Acción | $1.35 | $1.35 | $1.72 | $1.34 | $0.85 | $0.90 | $1.15 | $1.34 | $1.36 | $1.19 |
| Acciones en Circulación (Básicas) | $9.7M | $12.4M | $13.3M | $13.4M | $13.4M | $13.4M | $13.4M | $13.4M | $13.4M | $13.4M |
Qué mirar en Servicios Financieros
Asset managers, brokers, fintech, bolsas. No son bancos — mira AUM, comisiones y calidad del FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — Los buenos asset managers tienen márgenes >30% por escalabilidad
- ROE — Servicios financieros de calidad tienen ROE >15% consistente
- FCF / Net Income — Calidad del beneficio — >90% esperado en negocios ligeros en capital
- Debt / Equity — Fintech y brokers con D/E alto son bombas de relojería en crisis
- P/E vs 5y propio — Asset managers tienen múltiplos estables en rangos conocidos
- Dividend yield + buybacks — Estos negocios devuelven mucho capital — mirar yield total (div + recompras)
Rentabilidad
| Rentabilidad sobre capital | -18.44% |
| Rentabilidad sobre capital invertido | -4.74% |
| Rentabilidad sobre activos | -7.29% |
| Margen bruto | 294.25% |
| Margen operativo | 223.33% |
| Margen neto | 351.59% |
Salud financiera
| Deuda / Patrimonio | 1.63 |
| Ratio corriente | 0.70 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 9.62 | 18.59 | 14.72 | 15.73 | 25.54 | 2.57 | -17.50 | -337.18 | 3.81 | -1.93 |
| P/VC | 0.93 | 0.78 | 0.81 | 0.90 | 0.60 | 0.72 | 0.75 | 0.97 | 0.63 | 0.52 |
| P/V | 5.82 | 8.44 | 6.08 | 4.99 | 3.29 | 1.71 | 10.73 | 6.46 | 2.18 | -5.40 |
| Margen Bruto | 76.9% | 66.8% | 60.3% | 47.1% | 35.5% | 79.6% | -34.1% | 19.7% | 66.4% | 239.8% |
| Margen Operativo | 60.3% | 45.2% | 41.1% | 31.9% | 12.7% | 66.3% | -59.8% | -1.9% | 57.4% | 280.2% |
| Margen Neto | 60.3% | 45.2% | 41.1% | 31.9% | 12.7% | 66.3% | -59.8% | -1.9% | 57.4% | 280.2% |