Estados financieros detallados de Polar Power, Inc. (POLA): 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
Polar Power, Inc. registró ingresos de $6.3M en el último ejercicio fiscal, con un CAGR de 5 años del -6.9%.
Márgenes de los últimos 12 meses: margen bruto -50.1%, margen operativo -126.4%, margen neto -144.9%.
Al precio actual de $1.26, POLA presenta beneficios negativos (P/E no significativo) y un ROE del -63.42%. La capitalización bursátil es de $4M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $22.8M | $14.4M | $24.0M | $24.8M | $9.0M | $16.9M | $16.1M | $15.3M | $14.0M | $6.3M |
| Coste de Ventas | $12.6M | $9.6M | $16.6M | $19.9M | $14.7M | $13.5M | $13.9M | $14.6M | $12.7M | $9.5M |
| Beneficio Bruto | $10.2M | $4.8M | $7.4M | $4.9M | -$5.6M | $3.4M | $2.1M | $695000 | $1.3M | -$3.2M |
| I+D | $213931 | $1.3M | $1.9M | $2.3M | $1.7M | $2.0M | $1.5M | $1.2M | $771000 | $646000 |
| Generales y Administrativos | $2.5M | $4.2M | $6.6M | $6.6M | $5.6M | $4.6M | $6.2M | $5.5M | $4.9M | $4.2M |
| Gastos Operativos | $2.8M | $5.6M | $8.5M | $8.9M | $7.3M | $6.5M | $7.7M | $6.7M | $5.7M | $4.8M |
| Beneficio Operativo | $7.4M | -$721960 | -$1.1M | -$4.0M | -$13.0M | -$3.1M | -$5.5M | -$6.0M | -$4.4M | -$8.0M |
| EBITDA | $7.6M | -$483959 | -$657499 | -$2.7M | -$11.7M | -$805000 | -$5.0M | -$5.6M | -$3.9M | -$8.3M |
| Gastos por Intereses | $112550 | $17822 | $20170 | $103000 | $60000 | $60000 | $58000 | $559000 | $649000 | $720000 |
| Beneficio Antes de Impuestos | $7.3M | -$677416 | -$1.1M | -$4.0M | -$13.0M | -$1.4M | -$5.6M | -$6.5M | -$4.7M | -$9.1M |
| Impuestos | $2.9M | $100160 | -$215000 | $143396 | -$2.1M | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | $4.4M | -$777576 | -$848252 | -$4.2M | -$10.9M | -$1.4M | -$5.6M | -$6.5M | -$4.7M | -$9.1M |
| BPA | $4.06 | $-0.52 | $-0.59 | $-2.80 | $-7.03 | $-0.78 | $-3.04 | $-3.45 | $-1.86 | $-3.59 |
| BPA Diluido | $4.06 | $-0.52 | $-0.59 | $-2.80 | $-7.03 | $-0.78 | $-3.04 | $-3.45 | $-1.86 | $-3.59 |
| Acciones en Circulación (Diluidas) | $1.1M | $1.4M | $1.4M | $1.4M | $1.5M | $1.8M | $1.8M | $1.9M | $2.5M | $2.5M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $1.3M | $600000 | $1.7M | $1.0M |
| Beneficio Bruto | -$2.3M | -$2.1M | $1.1M | -$337000 |
| Beneficio Operativo | -$3.4M | -$3.3M | $24000 | -$1.7M |
| EBITDA | -$3.4M | -$3.3M | $40000 | -$1.7M |
| Beneficio Neto | -$4.1M | -$3.5M | -$178000 | -$1.8M |
| BPA | $-1.63 | $-1.36 | $-0.05 | $-0.49 |
| BPA Diluido | $-1.63 | $-1.36 | $-0.05 | $-0.49 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $16.2M | $13.2M | $5.6M | $2.8M | $1.6M | $5.1M | $211000 | $549000 | $498000 | $200000 |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $4.4M | $3.7M | $8.4M | $934000 | $3.5M | $7.0M | $5.0M | $4.5M | $2.2M | $330000 |
| Inventario | $4.8M | $5.6M | $8.5M | $13.9M | $9.1M | $9.0M | $15.5M | $16.5M | $12.9M | $9.4M |
| Activos Corrientes | $25.7M | $23.6M | $23.0M | $19.2M | $14.6M | $25.2M | $23.3M | $22.0M | $15.6M | $10.0M |
| Inmovilizado Material | $737586 | $824076 | $2.1M | $4.3M | $3.1M | $1.9M | $778000 | $3.2M | $1.8M | $406000 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $26.6M | $24.5M | $25.2M | $23.6M | $17.8M | $27.2M | $24.2M | $25.3M | $17.5M | $10.4M |
| Cuentas por Pagar | $659355 | $757753 | $1.1M | $575000 | $311000 | $328000 | $230000 | $1.8M | $408000 | $2.5M |
| Deuda a Corto | $111368 | $110237 | $283388 | $945801 | $2.4M | $963000 | $2.4M | $5.7M | $6.4M | $5.6M |
| Pasivos Corrientes | $2.7M | $1.5M | $1.9M | $2.7M | $4.5M | $3.4M | $6.0M | $10.2M | $8.6M | $10.3M |
| Deuda a Largo | $237431 | 0 | 0 | 0 | $286000 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $3.0M | $1.6M | $2.9M | $5.2M | $6.3M | $3.9M | $6.0M | $12.1M | $9.0M | $10.3M |
| Reservas | $4.4M | $3.6M | $2.8M | -$1.2M | -$12.1M | -$13.5M | -$19.1M | -$25.7M | -$30.3M | -$39.5M |
| Patrimonio Neto | $23.7M | $22.9M | $22.4M | $18.4M | $11.5M | $23.2M | $18.2M | $13.2M | $8.5M | $144000 |
| Deuda Total | $348799 | $237055 | $1.2M | $3.4M | $4.2M | $1.5M | $2.4M | $7.5M | $6.9M | $5.6M |
| Deuda Neta | -$15.9M | -$13.0M | -$4.4M | $543120 | $2.5M | -$3.6M | $2.2M | $7.0M | $6.4M | $5.4M |
| Capital Circulante | $22.9M | $22.1M | $21.1M | $16.4M | $10.1M | $21.8M | $17.4M | $11.8M | $7.0M | -$262000 |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $4000 | $200000 | $27000 | $183000 |
| Activos Totales | $12.3M | $10.4M | $11.4M | $10.2M |
| Pasivos Totales | $9.5M | $10.3M | $9.1M | $9.3M |
| Patrimonio Neto | $2.8M | $144000 | $2.4M | $857000 |
| Deuda Total | $6.1M | $5.6M | $4.9M | $3.9M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $4.4M | -$777576 | -$848252 | -$4.0M | -$10.9M | -$1.4M | -$5.6M | -$6.5M | -$4.7M | -$9.1M |
| Amortizaciones | $207857 | $255631 | $385583 | $1.3M | $622000 | $549000 | $507000 | $387000 | $167000 | $67000 |
| Compensación en Acciones | 0 | $8240 | $327471 | $79000 | 0 | 0 | $515000 | 0 | 0 | $8000 |
| Cambio en Capital Circulante | -$4.0M | -$1.1M | -$7.7M | $240296 | $301000 | -$2.8M | -$1.9M | $2.3M | $3.1M | $5.6M |
| Flujo de Caja Operativo | $627056 | -$1.6M | -$7.8M | -$2.2M | -$6.5M | -$9.4M | -$6.5M | -$3.4M | -$536000 | -$1.1M |
| Inversiones (CapEx) | -$165088 | -$342121 | -$574990 | -$338190 | -$19000 | -$71000 | -$25000 | -$194000 | -$19000 | 0 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | -$40000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $461968 | -$1.9M | -$8.4M | -$2.5M | -$6.6M | -$9.5M | -$6.5M | -$3.6M | -$555000 | -$1.1M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $399000 | -$472000 | -$2.2M | $20000 |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $399000 | -$472000 | -$2.2M | $20000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | 0 | $298000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -36.8% | +66.8% | +3.1% | -63.6% | +87.1% | -5.0% | -4.8% | -8.7% | -54.9% |
| Crecimiento Beneficio Neto (anual) | | -117.7% | -9.1% | -393.7% | -159.6% | +87.0% | -294.4% | -17.4% | +28.6% | -95.3% |
| Crecimiento BPA (anual) | | -112.8% | -13.5% | -374.6% | -151.1% | +88.9% | -289.7% | -13.5% | +46.1% | -93.0% |
| Cambio en Acciones (anual) | | +34.1% | +0.0% | -0.2% | +6.8% | +17.6% | +1.2% | +3.2% | +32.1% | +1.3% |
| Crecimiento FCF (anual) | | -517.6% | -336.6% | +70.3% | -162.2% | -43.9% | +30.9% | +44.5% | +84.7% | -91.2% |
| Margen Bruto | 44.7% | 33.6% | 30.9% | 19.8% | -62.3% | 20.4% | 13.2% | 4.5% | 9.4% | -50.1% |
| Margen Operativo | 32.5% | -5.0% | -4.6% | -16.1% | -143.5% | -18.3% | -34.5% | -39.2% | -31.3% | -126.4% |
| Margen EBITDA | 33.4% | -3.4% | -2.7% | -10.7% | -129.6% | -4.8% | -31.3% | -36.6% | -27.6% | -132.4% |
| Margen Neto | 19.3% | -5.4% | -3.5% | -16.9% | -120.4% | -8.4% | -34.7% | -42.8% | -33.5% | -144.9% |
| Margen FCF | 2.0% | -13.4% | -35.0% | -10.1% | -72.7% | -55.9% | -40.7% | -23.7% | -4.0% | -16.8% |
| Tasa Impositiva Efectiva | 39.4% | -14.8% | 20.2% | -3.5% | 16.4% | -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 | $0.43 | $-1.33 | $-5.81 | $-1.73 | $-4.25 | $-5.20 | $-3.55 | $-1.91 | $-0.22 | $-0.42 |
| 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) | $1.1M | $1.4M | $1.4M | $1.4M | $1.5M | $1.8M | $1.8M | $1.9M | $2.5M | $2.5M |
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 | -6342.36% |
| Rentabilidad sobre capital invertido | -139.67% |
| Rentabilidad sobre activos | -87.51% |
| Margen bruto | -50.06% |
| Margen operativo | -126.40% |
| Margen neto | -144.88% |
Salud financiera
| Deuda / Patrimonio | 38.62 |
| Ratio corriente | 0.97 |
| Piotroski F-Score | 1 |
| Altman Z-Score | -6.99 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 15.43 | -67.44 | -57.31 | -5.95 | -4.75 | -32.13 | -2.97 | -0.83 | -1.72 | -0.47 |
| P/VC | 2.86 | 2.22 | 2.19 | 1.31 | 4.49 | 1.96 | 0.91 | 0.41 | 0.94 | 29.46 |
| P/V | 2.97 | 3.52 | 2.04 | 0.97 | 5.72 | 2.70 | 1.03 | 0.35 | 0.57 | 0.67 |
| Margen Bruto | 44.7% | 33.6% | 30.9% | 19.8% | -62.3% | 20.4% | 13.2% | 4.5% | 9.4% | -50.1% |
| Margen Operativo | 32.5% | -5.0% | -4.6% | -16.1% | -143.5% | -18.3% | -34.5% | -39.2% | -31.3% | -126.4% |
| Margen Neto | 19.3% | -5.4% | -3.5% | -16.9% | -120.4% | -8.4% | -34.7% | -42.8% | -33.5% | -144.9% |