Estados financieros detallados de Optex Systems Holdings, Inc (OPXS): 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
Optex Systems Holdings, Inc registró ingresos de $41.3M en el último ejercicio fiscal, con un CAGR de 5 años del 9.8%. El beneficio neto alcanzó $5.1M, con un CAGR a 5 años del 23.0%.
Márgenes de los últimos 12 meses: margen bruto 30.7%, margen operativo 13.2%, margen neto 9.8%. El flujo de caja libre creció a un CAGR del 11.3% en 5 años.
Al precio actual de $10.59, OPXS cotiza a un P/E de 18.91 y un ROE del 21.19%. La capitalización bursátil es de $74M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $17.3M | $18.5M | $20.9M | $24.5M | $25.9M | $18.2M | $22.4M | $25.7M | $34.0M | $41.3M |
| Coste de Ventas | $14.2M | $15.1M | $16.3M | $18.3M | $19.8M | $15.7M | $17.5M | $19.0M | $24.5M | $29.3M |
| Beneficio Bruto | $3.1M | $3.4M | $4.5M | $6.3M | $6.1M | $2.5M | $4.9M | $6.6M | $9.5M | $12.1M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $4.0M | $3.2M | $3.0M | $3.1M | $3.2M | $3.0M | $3.2M | $3.8M | $4.7M | $4.9M |
| Gastos Operativos | $4.0M | $3.2M | $3.0M | $3.1M | $3.2M | $3.0M | $3.2M | $3.8M | $4.7M | $4.9M |
| Beneficio Operativo | -$200000 | $204000 | $1.5M | $3.2M | $2.9M | -$494000 | $1.6M | $2.8M | $4.8M | $7.1M |
| EBITDA | $173000 | $52000 | $1.9M | $4.9M | $2.6M | $2.3M | $2.0M | $3.1M | $5.3M | $6.9M |
| Gastos por Intereses | $36000 | $19000 | $20000 | $23000 | $19000 | $11000 | 0 | $55000 | $47000 | 0 |
| Beneficio Antes de Impuestos | -$208000 | -$304000 | $1.6M | $4.5M | $2.4M | $2.0M | $1.6M | $2.7M | $4.8M | $6.4M |
| Impuestos | 0 | 0 | $167000 | -$1.1M | $531000 | -$101000 | $364000 | $469000 | $1.0M | $1.2M |
| Beneficio Neto | -$208000 | -$304000 | $1.4M | $5.7M | $1.8M | $2.1M | $1.3M | $2.3M | $3.8M | $5.1M |
| BPA | $-0.15 | $-0.04 | $0.16 | $0.45 | $0.14 | $0.18 | $0.16 | $0.34 | $0.56 | $0.75 |
| BPA Diluido | $-0.15 | $-0.04 | $0.16 | $0.45 | $0.14 | $0.18 | $0.16 | $0.34 | $0.55 | $0.74 |
| Acciones en Circulación (Diluidas) | $1.5M | $8.0M | $8.8M | $8.5M | $8.6M | $8.3M | $8.2M | $6.7M | $6.9M | $6.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $11.3M | $9.1M | $9.6M | $9.7M |
| Beneficio Bruto | $3.4M | $2.1M | $3.4M | $3.3M |
| Beneficio Operativo | $2.1M | $149000 | $1.7M | $1.4M |
| EBITDA | $1.4M | $287000 | $1.8M | $1.5M |
| Beneficio Neto | $1.0M | $242000 | $1.3M | $1.3M |
| BPA | $0.15 | $0.04 | $0.19 | $0.18 |
| BPA Diluido | $0.15 | $0.03 | $0.19 | $0.18 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $2.6M | $1.7M | $1.1M | $1.1M | $4.7M | $3.9M | $934000 | $1.2M | $1.0M | $6.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $2.1M | $3.1M | $2.5M | $3.1M | $3.0M | $3.2M | $2.9M | $4.0M | $4.0M | $4.7M |
| Inventario | $6.2M | $7.6M | $7.6M | $10.5M | $8.8M | $7.6M | $9.2M | $12.2M | $14.9M | $14.3M |
| Activos Corrientes | $11.0M | $12.5M | $11.3M | $15.0M | $16.7M | $14.9M | $13.4M | $17.5M | $20.1M | $25.7M |
| Inmovilizado Material | $1.7M | $1.5M | $1.3M | $1.1M | $2.4M | $4.6M | $4.2M | $3.7M | $3.5M | $3.1M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $951000 | 0 |
| Activos Totales | $12.8M | $14.0M | $12.7M | $17.6M | $20.3M | $20.9M | $18.5M | $22.2M | $25.5M | $30.1M |
| Cuentas por Pagar | $706000 | $1.4M | $943000 | $1.8M | $833000 | $551000 | $706000 | $810000 | $1.2M | $1.5M |
| Deuda a Corto | $300000 | $300000 | $300000 | $250000 | 0 | 0 | 0 | 0 | $1.0M | 0 |
| Pasivos Corrientes | $2.4M | $4.5M | $2.8M | $3.3M | $5.0M | $2.0M | $3.4M | $4.1M | $5.0M | $4.6M |
| Deuda a Largo | 0 | 0 | 0 | 0 | $377000 | 0 | 0 | $1.0M | 0 | 0 |
| Pasivos Totales | $5.5M | $8.1M | $6.3M | $5.3M | $6.4M | $5.1M | $6.1M | $7.4M | $6.7M | $5.8M |
| Reservas | -$19.6M | -$20.5M | -$19.6M | -$13.9M | -$12.1M | -$10.0M | -$8.7M | -$6.4M | -$2.7M | $2.5M |
| Patrimonio Neto | $7.2M | $5.9M | $6.3M | $12.2M | $14.0M | $15.7M | $12.4M | $14.9M | $18.8M | $24.3M |
| Deuda Total | $300000 | $300000 | $300000 | $250000 | $1.8M | $3.7M | $3.4M | $3.9M | $3.4M | $1.9M |
| Deuda Neta | -$2.3M | -$1.4M | -$833000 | -$818000 | -$2.9M | -$239000 | $2.4M | $2.7M | $2.4M | -$4.5M |
| Capital Circulante | $8.6M | $8.0M | $8.5M | $11.7M | $11.7M | $12.9M | $10.0M | $13.5M | $15.1M | $21.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $6.4M | $5.8M | $4.16B | $6.2M |
| Activos Totales | $30.1M | $30.2M | $30.86B | $32.5M |
| Pasivos Totales | $5.8M | $5.5M | $4.56B | $4.7M |
| Patrimonio Neto | $24.3M | $24.7M | $26.30B | $27.7M |
| Deuda Total | $1.9M | $1.8M | $1.64B | $1.5M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$208000 | -$304000 | $1.4M | $5.7M | $1.8M | $2.1M | $1.3M | $2.3M | $3.8M | $5.1M |
| Amortizaciones | $345000 | $337000 | $327000 | $340000 | $248000 | $263000 | $307000 | $345000 | $487000 | $515000 |
| Compensación en Acciones | $192000 | $220000 | 0 | $113000 | 0 | 0 | 0 | 0 | $425000 | $383000 |
| Cambio en Capital Circulante | -$177000 | -$654000 | -$790000 | -$3.2M | $946000 | $454000 | -$77000 | -$3.2M | -$2.9M | $330000 |
| Flujo de Caja Operativo | -$539000 | $16000 | $1.0M | $160000 | $3.9M | $481000 | $2.0M | -$296000 | $1.8M | $6.9M |
| Inversiones (CapEx) | -$34000 | -$149000 | -$167000 | -$143000 | -$152000 | -$274000 | -$257000 | -$376000 | -$1.7M | -$504000 |
| Adquisiciones | $4000 | $41000 | 0 | $8000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$1.8M | -$518000 | -$700000 | 0 | -$200000 | -$869000 | -$4.7M | -$58000 | 0 | 0 |
| Dividendos Pagados | 0 | -$261000 | -$784000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$573000 | -$133000 | $872000 | $17000 | $3.8M | $207000 | $1.8M | -$672000 | $50000 | $6.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $1.6M | -$92.0M | -$1.2M | $2.3M |
| Inversiones (CapEx) | -$41000 | -$456.0M | -$393000 | -$207000 |
| Flujo de Caja Libre | $1.5M | -$548.0M | -$1.6M | $2.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $136000 | $212.0M | 0 | $266000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +7.3% | +12.4% | +17.6% | +5.5% | -29.6% | +22.8% | +14.6% | +32.5% | +21.6% |
| Crecimiento Beneficio Neto (anual) | | -46.2% | +558.6% | +306.6% | -67.8% | +16.8% | -39.8% | +76.4% | +66.5% | +36.6% |
| Crecimiento BPA (anual) | | +74.7% | +521.1% | +181.3% | -68.9% | +28.6% | -11.1% | +112.5% | +64.7% | +33.9% |
| Cambio en Acciones (anual) | | +416.9% | +10.0% | -3.4% | +1.1% | -3.1% | -1.3% | -19.0% | +3.5% | +0.5% |
| Crecimiento FCF (anual) | | +76.8% | +755.6% | -98.1% | +22011.8% | -94.5% | +762.3% | -137.6% | +107.4% | +12754.0% |
| Margen Bruto | 17.7% | 18.4% | 21.7% | 25.5% | 23.5% | 13.8% | 21.9% | 25.8% | 28.0% | 29.2% |
| Margen Operativo | -1.2% | 1.1% | 7.1% | 13.0% | 11.1% | -2.7% | 7.4% | 10.9% | 14.2% | 17.3% |
| Margen EBITDA | 1.0% | 0.3% | 9.1% | 19.9% | 10.1% | 12.6% | 8.7% | 12.2% | 15.6% | 16.6% |
| Margen Neto | -1.2% | -1.6% | 6.7% | 23.1% | 7.0% | 11.7% | 5.7% | 8.8% | 11.1% | 12.5% |
| Margen FCF | -3.3% | -0.7% | 4.2% | 0.1% | 14.5% | 1.1% | 8.0% | -2.6% | 0.1% | 15.5% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | 10.7% | -25.5% | 22.5% | -5.0% | 22.1% | 17.2% | 21.1% | 19.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.37 | $-0.02 | $0.10 | $0.00 | $0.44 | $0.02 | $0.22 | $-0.10 | $0.01 | $0.93 |
| Dividendo por Acción | $0.00 | $0.03 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $1.5M | $8.0M | $8.5M | $8.4M | $8.5M | $8.2M | $8.1M | $6.6M | $6.8M | $6.9M |
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 | 21.19% |
| Rentabilidad sobre capital invertido | 22.11% |
| Rentabilidad sobre activos | 17.12% |
| Margen bruto | 30.68% |
| Margen operativo | 13.24% |
| Margen neto | 9.77% |
Salud financiera
| Deuda / Patrimonio | 0.05 |
| Ratio corriente | 7.09 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 12.39 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -4.90 | -25.11 | 10.91 | 3.56 | 14.07 | 11.00 | 15.44 | 11.71 | 13.62 | 17.29 |
| P/VC | 0.16 | 1.28 | 2.33 | 1.10 | 1.19 | 1.04 | 1.62 | 1.77 | 2.76 | 3.67 |
| P/V | 0.07 | 0.41 | 0.71 | 0.55 | 0.64 | 0.90 | 0.90 | 1.03 | 1.53 | 2.15 |
| Margen Bruto | 17.7% | 18.4% | 21.7% | 25.5% | 23.5% | 13.8% | 21.9% | 25.8% | 28.0% | 29.2% |
| Margen Operativo | -1.2% | 1.1% | 7.1% | 13.0% | 11.1% | -2.7% | 7.4% | 10.9% | 14.2% | 17.3% |
| Margen Neto | -1.2% | -1.6% | 6.7% | 23.1% | 7.0% | 11.7% | 5.7% | 8.8% | 11.1% | 12.5% |