Estados financieros detallados de Perfect Corp. (PERF): 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
Perfect Corp. registró ingresos de $69.2M en el último ejercicio fiscal, con un CAGR de 5 años del 18.3%.
Márgenes de los últimos 12 meses: margen bruto 79.7%, margen operativo 4.5%, margen neto 8.1%.
Al precio actual de $1.93, PERF cotiza a un P/E de 34.58 y un ROE del 3.73%. La capitalización bursátil es de $197M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $542.0M | $468.9M | $11.6M | $22.9M | $29.9M | $40.8M | $47.3M | $53.5M | $60.2M | $69.2M |
| Coste de Ventas | $284.3M | $247.5M | $752000 | $1.6M | $4.0M | $5.7M | $7.1M | $10.4M | $13.3M | $15.6M |
| Beneficio Bruto | $257.6M | $221.3M | $10.8M | $21.3M | $25.9M | $35.0M | $40.2M | $43.1M | $46.9M | $53.5M |
| I+D | 0 | 0 | $5.9M | $6.1M | $7.6M | $9.8M | $10.5M | $11.5M | $12.0M | $15.4M |
| Generales y Administrativos | $249.5M | $222.4M | $13.9M | $16.6M | $21.2M | $30.2M | $100.8M | $37.3M | $36.7M | $37.8M |
| Gastos Operativos | $261.7M | $238.0M | $19.5M | $22.7M | $28.8M | $40.0M | $111.2M | $48.8M | $50.1M | $53.3M |
| Beneficio Operativo | -$4.0M | -$16.7M | -$9.0M | -$1.4M | -$2.8M | -$5.0M | -$71.1M | -$5.7M | -$3.1M | $265000 |
| EBITDA | $7.1M | -$7.7M | -$7.7M | -$1.3M | -$4.7M | -$155.8M | -$160.7M | $6.3M | -$2.0M | $6.8M |
| Gastos por Intereses | $7.2M | $7.1M | $3000 | $5000 | $9000 | $9000 | $8000 | $15000 | $7000 | $16000 |
| Beneficio Antes de Impuestos | -$11.2M | -$23.8M | -$8.7M | -$1.7M | -$5.2M | -$156.4M | -$161.5M | $5.5M | $4.3M | $5.7M |
| Impuestos | $451000 | -$199000 | $27000 | $247000 | $385000 | $417000 | $292000 | $115000 | -$735000 | $1.1M |
| Beneficio Neto | -$11.7M | -$23.6M | -$8.7M | -$2.0M | -$5.6M | -$156.9M | -$161.7M | $5.4M | $5.0M | $4.6M |
| BPA | $-0.09 | $-0.19 | $-0.07 | $-0.02 | $-0.05 | $-1.33 | $-1.37 | $0.05 | $0.05 | $0.05 |
| BPA Diluido | $-0.09 | $-0.19 | $-0.07 | $-0.02 | $-0.05 | $-1.33 | $-1.37 | $0.05 | $0.05 | $0.05 |
| Acciones en Circulación (Diluidas) | $123.9M | $124.0M | $118.3M | $118.3M | $118.3M | $118.3M | $118.3M | $118.0M | $100.4M | $92.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q4 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $18.7M | $18.1M | $17.9M | $16.3M |
| Beneficio Bruto | $14.1M | $14.6M | $14.7M | $13.2M |
| Beneficio Operativo | $497000 | $1.4M | $1.5M | -$108000 |
| EBITDA | $2.5M | $635000 | $3.1M | $138000 |
| Beneficio Neto | $2.1M | $63000 | $2.4M | $1.3M |
| BPA | $0.02 | $0.00 | $0.02 | $0.01 |
| BPA Diluido | $0.02 | $0.00 | $0.02 | $0.01 |
Balance (10 años)
| Año | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.5M | $5.6M | $7.5M | $28.3M | $79.0M | $80.5M | $162.6M | $123.9M | $127.1M | $126.0M |
| Inversiones a Corto | 0 | 0 | 0 | $7.8M | 0 | 0 | $30.0M | $30.3M | $38.7M | $36.3M |
| Cuentas por Cobrar | $27.8M | $29.6M | $25.6M | $6.2M | $5.5M | $6.6M | $11.8M | $10.4M | $9.5M | $8.9M |
| Inventario | $253.4M | $221.3M | $196.7M | $96000 | $88000 | $88000 | $45000 | $33000 | $18000 | $17000 |
| Activos Corrientes | $296.5M | $266.4M | $240.3M | $43.2M | $84.9M | $87.5M | $209.2M | $168.7M | $177.9M | $173.3M |
| Inmovilizado Material | $24.6M | $25.9M | $16.7M | $772000 | $771000 | $1.0M | $612000 | $1.2M | $1.0M | $1.4M |
| Fondo de Comercio | $38.8M | $38.8M | $38.8M | 0 | 0 | 0 | 0 | 0 | 0 | $2.8M |
| Activos Intangibles | $26.4M | $19.9M | $14.5M | $66000 | $113000 | $100000 | $119000 | $77000 | $32000 | $1.6M |
| Activos Totales | $386.2M | $351.0M | $310.3M | $44.5M | $86.2M | $88.9M | $210.3M | $170.4M | $181.2M | $192.0M |
| Cuentas por Pagar | $39.3M | $32.2M | $28.6M | $165000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $1.1M | $1.2M | $1.2M | 0 | 0 | 0 | 0 | 0 | $402000 | 0 |
| Pasivos Corrientes | $68.9M | $66.9M | $59.6M | $9.0M | $13.3M | $19.8M | $24.9M | $28.9M | $32.2M | $37.7M |
| Deuda a Largo | $2.5M | $1.2M | $28.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $290.9M | $267.1M | $249.9M | $65.7M | $122.0M | $279.3M | $28.3M | $31.0M | $34.2M | $38.9M |
| Reservas | -$117.9M | -$129.6M | -$153.2M | -$53.2M | -$67.2M | -$224.1M | -$385.8M | -$380.5M | -$375.4M | -$370.8M |
| Patrimonio Neto | $95.3M | $84.0M | $60.4M | -$21.2M | -$35.7M | -$190.4M | $182.0M | $139.4M | $147.0M | $153.1M |
| Deuda Total | $3.6M | $2.5M | $29.9M | $426000 | $340000 | $638000 | $338000 | $868000 | $510000 | $683000 |
| Deuda Neta | $2.0M | -$3.2M | $22.4M | -$35.7M | -$78.7M | -$79.8M | -$192.3M | -$153.3M | -$165.4M | -$161.6M |
| Capital Circulante | $227.6M | $199.5M | $180.8M | $34.2M | $71.6M | $67.7M | $184.3M | $139.8M | $145.7M | $135.7M |
Balance (Trimestral)
| Año | 2025-Q4 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $127.9M | $126.0M | $120.6M | $125.6M |
| Activos Totales | $194.2M | $192.0M | $194.9M | $194.6M |
| Pasivos Totales | $41.2M | $38.9M | $39.3M | $37.7M |
| Patrimonio Neto | $152.9M | $153.1M | $155.6M | $156.9M |
| Deuda Total | $1.0M | $683000 | $548000 | $644000 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$11.7M | -$23.6M | -$8.7M | -$1.7M | -$9593 | $10.6M | -$161.7M | $5.4M | $5.0M | $4.6M |
| Amortizaciones | $11.1M | $9.0M | $924000 | $394000 | 0 | 0 | $766000 | $713000 | $798000 | $1.0M |
| Compensación en Acciones | 0 | 0 | $254000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | -$28.1M | -$18.7M | -$322000 | -$1.1M | 0 | $6032 | -$3.2M | $6.3M | $4.0M | $5.8M |
| Flujo de Caja Operativo | $38.1M | $19.3M | -$7.8M | -$1.3M | 0 | -$1.1M | -$3.3M | $13.6M | $13.0M | $13.3M |
| Inversiones (CapEx) | -$8.5M | -$3.1M | -$123000 | -$236000 | 0 | 0 | -$165000 | -$289000 | -$392000 | -$425000 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$6.0M |
| Recompra de Acciones | -$5.6M | -$7.5M | 0 | 0 | 0 | 0 | 0 | -$51.1M | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $29.6M | $16.1M | -$7.9M | -$1.5M | 0 | -$1.1M | -$3.5M | $13.3M | $12.6M | $12.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q4 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $2.8M | $2.6M | $4.2M | $959885 |
| Inversiones (CapEx) | -$252252 | -$9007 | -$56000 | -$38865 |
| Flujo de Caja Libre | $2.5M | $2.6M | $4.2M | $921020 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| 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) | | -13.5% | -97.5% | +98.4% | +30.3% | +36.4% | +16.0% | +13.1% | +12.5% | +14.9% |
| Crecimiento Beneficio Neto (anual) | | -102.5% | +63.2% | +77.2% | -181.8% | -2704.4% | -3.1% | +103.3% | -7.3% | -7.5% |
| Crecimiento BPA (anual) | | -101.7% | +61.3% | +77.1% | -181.5% | -2711.8% | -3.0% | +103.6% | +0.0% | +0.0% |
| Cambio en Acciones (anual) | | +0.0% | -4.6% | +0.0% | +0.0% | +0.0% | +0.0% | -0.2% | -14.9% | -7.5% |
| Crecimiento FCF (anual) | | -45.5% | -148.9% | +81.1% | +100.0% | | -212.9% | +483.0% | -5.1% | +2.1% |
| Margen Bruto | 47.5% | 47.2% | 93.5% | 93.0% | 86.7% | 85.9% | 84.9% | 80.6% | 78.0% | 77.4% |
| Margen Operativo | -0.7% | -3.6% | -78.1% | -6.1% | -9.5% | -12.3% | -150.3% | -10.6% | -5.2% | 0.4% |
| Margen EBITDA | 1.3% | -1.6% | -67.0% | -5.8% | -15.8% | -382.2% | -339.7% | 11.7% | -3.4% | 9.8% |
| Margen Neto | -2.2% | -5.0% | -75.2% | -8.7% | -18.7% | -384.8% | -342.0% | 10.1% | 8.3% | 6.7% |
| Margen FCF | 5.5% | 3.4% | -68.2% | -6.5% | 0.0% | -2.7% | -7.3% | 24.8% | 20.9% | 18.6% |
| Tasa Impositiva Efectiva | -4.0% | 0.8% | -0.3% | -14.2% | -7.4% | -0.3% | -0.2% | 2.1% | -17.1% | 19.1% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.24 | $0.13 | $-0.07 | $-0.01 | $0.00 | $-0.01 | $-0.03 | $0.11 | $0.13 | $0.14 |
| 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) | $123.9M | $124.0M | $118.3M | $118.3M | $118.3M | $118.3M | $118.3M | $108.3M | $100.4M | $92.9M |
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 | 3.73% |
| Rentabilidad sobre capital invertido | 1.66% |
| Rentabilidad sobre activos | 2.97% |
| Margen bruto | 79.73% |
| Margen operativo | 4.54% |
| Margen neto | 8.13% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 4.63 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -107.29 | -53.19 | -137.50 | -601.58 | -213.67 | -7.41 | -5.21 | 62.00 | 56.60 | 36.20 |
| P/VC | 14.91 | 20.73 | 0.00 | -56.39 | -33.44 | -6.12 | 4.64 | 2.41 | 1.93 | 1.10 |
| P/V | 2.31 | 2.67 | 103.39 | 52.13 | 40.01 | 28.58 | 17.85 | 6.28 | 4.72 | 2.43 |
| Margen Bruto | 47.5% | 47.2% | 93.5% | 93.0% | 86.7% | 85.9% | 84.9% | 80.6% | 78.0% | 77.4% |
| Margen Operativo | -0.7% | -3.6% | -78.1% | -6.1% | -9.5% | -12.3% | -150.3% | -10.6% | -5.2% | 0.4% |
| Margen Neto | -2.2% | -5.0% | -75.2% | -8.7% | -18.7% | -384.8% | -342.0% | 10.1% | 8.3% | 6.7% |