Estados financieros detallados de TDH Holdings, Inc. (PETZ): 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
TDH Holdings, Inc. registró ingresos de $1.3M en el último ejercicio fiscal, con un CAGR de 5 años del 15.0%.
Márgenes de los últimos 12 meses: margen bruto -36.8%, margen operativo -146.3%, margen neto 143.8%.
Al precio actual de $1.41, PETZ cotiza a un P/E de 7.33 y un ROE del 5.92%. La capitalización bursátil es de $15M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $24.4M | $29.0M | $23.7M | $12.6M | $622801 | $1.1M | $3.1M | $754 | $563726 | $1.3M |
| Coste de Ventas | $17.4M | $20.7M | $27.7M | $14.2M | $857060 | $769967 | $2.0M | $2.6M | $325304 | $1.3M |
| Beneficio Bruto | $7.1M | $8.3M | -$4.1M | -$1.5M | $173107 | $311128 | $1.1M | -$2.6M | $238422 | -$11741 |
| I+D | $1.1M | $1.1M | $1.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $4.8M | $7.0M | $7.3M | $4.6M | $1.9M | $4.0M | $4.1M | $3.5M | $1.7M | $1.8M |
| Gastos Operativos | $5.9M | $8.0M | $8.3M | $4.5M | $669338 | $4.0M | $4.1M | $3.5M | $1.7M | $1.8M |
| Beneficio Operativo | $1.2M | $267305 | -$14.0M | -$7.0M | -$496231 | -$3.7M | -$3.0M | -$6.2M | -$1.5M | -$1.8M |
| EBITDA | $1.5M | $507125 | -$13.6M | -$7.0M | $730218 | -$3.2M | -$3.0M | -$5.7M | $1.4M | $2.9M |
| Gastos por Intereses | $102274 | $82946 | $233101 | $1.4M | $1.2M | $14518 | 0 | $14276 | $68858 | 0 |
| Beneficio Antes de Impuestos | $1.1M | $60009 | -$14.2M | -$8.6M | $1.7M | -$4.1M | $1.2M | -$8.4M | $1.9M | $1.8M |
| Impuestos | $89801 | -$55102 | $57608 | 0 | -$900 | 0 | 0 | 0 | $182 | 0 |
| Beneficio Neto | $1.0M | $115111 | -$14.2M | -$8.6M | -$874668 | -$6.1M | $803700 | -$8.4M | $2.7M | $1.8M |
| BPA | $2.19 | $0.20 | $-29.80 | $-9.12 | $-0.38 | $-1.17 | $0.10 | $-0.81 | $0.20 | $0.17 |
| BPA Diluido | $2.19 | $0.20 | $-29.75 | $-9.12 | $-0.38 | $-1.17 | $0.10 | $-0.81 | $0.20 | $0.17 |
| Acciones en Circulación (Diluidas) | $461250 | $415192 | $477924 | $1.1M | $2.3M | $5.2M | $8.0M | $10.3M | $10.3M | $10.3M |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Ingresos | $103410 | $460316 | $585690 | $665569 |
| Beneficio Bruto | $36466 | $201956 | -$292804 | -$168274 |
| Beneficio Operativo | -$1.1M | -$784528 | -$571620 | -$1.3M |
| EBITDA | -$671927 | $379234 | $1.9M | $1.0M |
| Beneficio Neto | $1.3M | $345961 | $1.4M | $420295 |
| BPA | $0.23 | $0.03 | $0.13 | $0.04 |
| BPA Diluido | $0.17 | $0.03 | $0.13 | $0.04 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.1M | $2.3M | $893020 | $5.1M | $6.6M | $18.0M | $21.9M | $13.7M | $15.7M | $19.2M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | $3.1M | $4.4M | $9.9M | $13.3M | $13.0M | $14.5M |
| Cuentas por Cobrar | $901333 | $2.3M | $1.3M | $21657 | $168499 | $36835 | $29318 | $4961 | $5748 | $75346 |
| Inventario | $6.0M | $9.1M | $3.0M | $473216 | $247245 | $51423 | $987 | 0 | 0 | 0 |
| Activos Corrientes | $9.8M | $15.6M | $7.8M | $7.2M | $10.5M | $31.1M | $33.8M | $27.2M | $28.8M | $34.1M |
| Inmovilizado Material | $3.3M | $3.7M | $8.4M | $6.8M | $6.9M | $5.4M | $1.5M | $1.3M | $4.5M | $6.2M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $110821 | $211023 | $1.0M | $973224 | $1.0M | $535632 | $481840 | $426316 | 0 | 0 |
| Activos Totales | $13.2M | $19.8M | $17.4M | $15.1M | $18.5M | $37.9M | $36.5M | $28.9M | $33.3M | $40.3M |
| Cuentas por Pagar | $3.4M | $4.9M | $6.3M | $3.6M | $3.3M | $506881 | $492883 | $460776 | $122251 | $90006 |
| Deuda a Corto | $3.1M | $2.8M | $11.9M | $9.5M | $9.5M | $365729 | $340876 | $354894 | $334830 | $1.2M |
| Pasivos Corrientes | $9.0M | $8.7M | $19.1M | $14.5M | $19.1M | $19.7M | $14.7M | $3.4M | $4.2M | $6.7M |
| Deuda a Largo | 0 | 0 | $217466 | $286875 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $9.0M | $8.7M | $19.4M | $14.7M | $19.3M | $24.5M | $15.4M | $3.9M | $5.9M | $9.6M |
| Reservas | $727807 | $823474 | -$13.3M | -$22.0M | -$22.8M | -$29.0M | -$28.2M | -$26.6M | -$23.9M | -$20.6M |
| Patrimonio Neto | $4.3M | $11.1M | -$1.9M | $337407 | -$892780 | $13.0M | $20.7M | $24.6M | $27.3M | $30.6M |
| Deuda Total | $3.1M | $2.8M | $12.1M | $9.9M | $9.9M | $5.5M | $1.2M | $1.0M | $2.6M | $4.1M |
| Deuda Neta | $2.0M | $433511 | $11.2M | $4.8M | $230337 | -$17.0M | -$30.5M | -$25.9M | -$26.1M | -$29.6M |
| Capital Circulante | $835196 | $6.9M | -$11.3M | -$7.3M | -$8.6M | $11.4M | $19.1M | $23.8M | $24.6M | $27.4M |
Balance (Trimestral)
| Año | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Caja y Equivalentes | $12.9M | $15.7M | $16.1M | $19.2M |
| Activos Totales | $30.6M | $33.3M | $37.8M | $40.3M |
| Pasivos Totales | $4.5M | $5.9M | $7.8M | $9.6M |
| Patrimonio Neto | $25.9M | $27.3M | $30.2M | $30.6M |
| Deuda Total | $3.0M | $2.6M | $3.5M | $4.1M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $1.0M | $115111 | -$14.2M | -$7.0M | -$874668 | -$6.1M | $803700 | -$8.5M | $2.1M | $1.8M |
| Amortizaciones | $256104 | $364170 | $395355 | $571528 | $54226 | $904783 | -$391084 | $292629 | -$564755 | $1.1M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $3.0M | 0 | 0 |
| Cambio en Capital Circulante | -$2.8M | -$3.2M | $8.4M | -$90052 | -$150831 | $4.7M | $1.2M | -$1.1M | $3.6M | $5.6M |
| Flujo de Caja Operativo | -$1.5M | -$2.7M | -$2.2M | -$5.6M | -$2.6M | -$3.4M | -$2.1M | -$2.5M | -$233987 | -$1.8M |
| Inversiones (CapEx) | -$9002 | -$331496 | -$6.5M | -$121560 | -$47086 | $1.0M | -$5 | -$7655 | -$1.9M | -$244086 |
| Adquisiciones | 0 | $2012 | $19888 | $83 | $61678 | -$848173 | 0 | 0 | $16046 | 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 | -$1.5M | -$3.0M | -$8.7M | -$5.7M | -$2.7M | -$2.4M | -$2.1M | -$2.5M | -$2.1M | -$2.0M |
Flujo de Caja (Trimestral)
| Año | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Flujo de Caja Operativo | -$2.3M | $2.1M | $286336 | -$2.1M |
| Inversiones (CapEx) | -$1.8M | -$120912 | -$8116 | -$235970 |
| Flujo de Caja Libre | -$4.1M | $2.0M | $278220 | -$2.3M |
| 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) | | +18.6% | -18.3% | -46.6% | -95.1% | +73.6% | +186.6% | -100.0% | +74664.7% | +122.0% |
| Crecimiento Beneficio Neto (anual) | | -88.6% | -12452.6% | +39.3% | +89.9% | -599.7% | +113.1% | -1142.4% | +132.0% | -33.0% |
| Crecimiento BPA (anual) | | -90.9% | -15000.0% | +69.4% | +95.8% | -207.9% | +108.5% | -910.0% | +124.7% | -15.0% |
| Cambio en Acciones (anual) | | -10.0% | +15.1% | +119.9% | +118.1% | +127.6% | +53.7% | +28.7% | +0.0% | +0.0% |
| Crecimiento FCF (anual) | | -100.7% | -187.9% | +33.6% | +53.5% | +9.3% | +14.6% | -20.6% | +15.4% | +4.3% |
| Margen Bruto | 28.9% | 28.6% | -17.1% | -12.0% | 27.8% | 28.8% | 34.0% | -350949.5% | 42.3% | -0.9% |
| Margen Operativo | 4.7% | 0.9% | -59.3% | -55.0% | -79.7% | -338.6% | -98.1% | -820361.3% | -267.3% | -146.3% |
| Margen EBITDA | 6.0% | 1.7% | -57.4% | -55.0% | 117.2% | -291.4% | -97.3% | -758979.0% | 253.6% | 229.5% |
| Margen Neto | 4.1% | 0.4% | -60.1% | -68.2% | -140.4% | -566.1% | 25.9% | -1111083.7% | 476.2% | 143.8% |
| Margen FCF | -6.1% | -10.4% | -36.6% | -45.4% | -429.6% | -224.4% | -66.9% | -331615.4% | -375.2% | -161.8% |
| Tasa Impositiva Efectiva | 8.2% | -91.8% | -0.4% | -0.0% | -0.1% | -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 | $-3.25 | $-7.24 | $-18.11 | $-5.47 | $-1.17 | $-0.46 | $-0.26 | $-0.24 | $-0.20 | $-0.20 |
| 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) | $461250 | $415192 | $477155 | $1.1M | $2.3M | $5.2M | $8.0M | $10.3M | $10.3M | $10.3M |
Qué mirar en empresas de Real Estate
- FFO / Acción (Crecimiento positivo) — El 'EPS real' de un REIT — beneficio + depreciación.
- Cobertura del dividendo (FFO/div) (≥1,1x) — El FFO debe cubrir el dividendo con margen.
- Deuda Neta / EBITDA (≤6x) — Referencia NAREIT. Normaliza el apalancamiento por generación de caja.
- Deuda / Activos (40-60%) — REITs usan mucha deuda por diseño. >65% es frágil ante subidas de tipos.
- FFO Payout (proxy) (<80%) — Dividendos / Cash Flow operativo. REITs de calidad retienen >20% para crecer.
- P/FFO (15-20x) — El P/E equivalente para REITs. Rango típico saludable.
Rentabilidad
| Rentabilidad sobre capital | 5.92% |
| Rentabilidad sobre capital invertido | -5.26% |
| Rentabilidad sobre activos | 4.47% |
| Margen bruto | -36.85% |
| Margen operativo | -146.31% |
| Margen neto | 143.82% |
Salud financiera
| Deuda / Patrimonio | 0.13 |
| Ratio corriente | 5.08 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 0.57 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 58.54 | 576.00 | -0.37 | -2.95 | -97.37 | -65.81 | 15.50 | -1.42 | 6.25 | 5.35 |
| P/VC | 13.90 | 4.29 | -2.71 | 83.93 | -95.01 | 30.94 | 0.60 | 0.48 | 0.47 | 0.31 |
| P/V | 2.42 | 1.65 | 0.22 | 2.24 | 136.20 | 371.70 | 4.01 | 15745.04 | 22.89 | 7.51 |
| Margen Bruto | 28.9% | 28.6% | -17.1% | -12.0% | 27.8% | 28.8% | 34.0% | -350949.5% | 42.3% | -0.9% |
| Margen Operativo | 4.7% | 0.9% | -59.3% | -55.0% | -79.7% | -338.6% | -98.1% | -820361.3% | -267.3% | -146.3% |
| Margen Neto | 4.1% | 0.4% | -60.1% | -68.2% | -140.4% | -566.1% | 25.9% | -1111083.7% | 476.2% | 143.8% |