Estados financieros detallados de Paramount Gold Nevada Corp. (PZG): 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 0.0%, margen operativo 0.0%, margen neto 0.0%.
Al precio actual de $1.28, PZG presenta beneficios negativos (P/E no significativo) y un ROE del -51.15%. La capitalización bursátil es de $110M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $166.7M | $280671 | $344632 | $400388 | 0 | 0 | 0 | 0 | 0 | 0 |
| Coste de Ventas | $3906 | $4764 | $3732 | $2624 | $97146 | $62548 | $185862 | $632484 | $3.0M | $743119 |
| Beneficio Bruto | $166.7M | $275907 | $340900 | $397764 | -$97146 | -$62548 | -$185862 | -$632484 | -$3.0M | -$743119 |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $2.1M | $2.5M | $2.1M | $2.7M | $6.7M | $5.8M | $7.3M | $2.5M | $5.4M | $3.2M |
| Gastos Operativos | $3.0M | $8.0M | $6.4M | $6.4M | $6.7M | $5.8M | $7.3M | $5.6M | $5.4M | $6.2M |
| Beneficio Operativo | -$3.0M | -$8.0M | -$6.4M | -$6.0M | -$6.8M | -$5.8M | -$7.5M | -$6.2M | -$8.5M | -$7.0M |
| EBITDA | -$5.2M | -$7.6M | -$5.9M | -$5.8M | -$5.9M | -$5.4M | -$7.0M | -$5.6M | -$3.8M | -$7.3M |
| Gastos por Intereses | $216 | $2404 | $5610 | $9481 | $389209 | $442211 | $398903 | $463010 | $1.2M | $1.7M |
| Beneficio Antes de Impuestos | -$5.3M | -$7.6M | -$6.1M | -$6.0M | -$6.4M | -$5.9M | -$7.6M | -$6.5M | -$8.0M | -$9.0M |
| Impuestos | $166436 | -$3.2M | $366808 | -$83 | 0 | 0 | $277627 | -$37584 | $33407 | $19249 |
| Beneficio Neto | -$5.3M | -$4.3M | -$6.1M | -$6.0M | -$6.4M | -$5.9M | -$7.8M | -$6.5M | -$8.1M | -$9.1M |
| BPA | $-0.63 | $-0.27 | $-0.28 | $-0.23 | $-0.27 | $-0.17 | $-0.18 | $-0.13 | $-0.13 | $-0.13 |
| BPA Diluido | $-0.63 | $-0.27 | $-0.28 | $-0.23 | $-0.27 | $-0.17 | $-0.18 | $-0.13 | $-0.13 | $-0.13 |
| Acciones en Circulación (Diluidas) | $8.5M | $16.3M | $21.6M | $25.9M | $27.6M | $35.5M | $42.4M | $48.7M | $59.9M | $67.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Ingresos | 0 | 0 | 0 | 0 |
| Beneficio Bruto | -$204757 | -$188608 | -$213308 | -$106667 |
| Beneficio Operativo | -$2.1M | -$1.5M | -$2.1M | -$2.4M |
| EBITDA | -$2.4M | -$3.9M | -$4.0M | -$4.4M |
| Beneficio Neto | -$2.8M | -$4.3M | -$4.4M | -$4.9M |
| BPA | $-0.04 | $-0.06 | $-0.06 | $-0.06 |
| BPA Diluido | $-0.04 | $-0.06 | $-0.06 | $-0.06 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $5.9M | $1.9M | $297389 | $463690 | $5.4M | $3.1M | $2.5M | $824920 | $5.4M | $1.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $808187 | $15804 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventario | $199900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $7.4M | $2.1M | $557806 | $812461 | $5.9M | $4.3M | $3.8M | $2.3M | $6.7M | $2.7M |
| Inmovilizado Material | $25.7M | $46.5M | $48.9M | $47.1M | $47.3M | $49.2M | $51.7M | $51.5M | $49.1M | $12028 |
| 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 | $35.5M | $50.7M | $51.2M | $49.3M | $53.9M | $54.0M | $56.0M | $54.3M | $56.4M | $52.4M |
| Cuentas por Pagar | $175801 | 0 | 0 | 0 | $925260 | $638950 | $638 | $937 | $563806 | $539971 |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $5.9M | 0 | 0 |
| Pasivos Corrientes | $559900 | $1.1M | $1.0M | $1.1M | $1.1M | $948972 | $758256 | $9.3M | $683806 | $659971 |
| Deuda a Largo | 0 | 0 | 0 | 0 | $5.3M | $4.2M | $4.2M | 0 | $11.5M | $11.6M |
| Pasivos Totales | $1.6M | $2.1M | $2.0M | $1.9M | $6.8M | $6.7M | $9.6M | $11.5M | $18.2M | $18.8M |
| Reservas | -$31.3M | -$35.7M | -$41.7M | -$47.7M | -$54.1M | -$60.0M | -$67.9M | -$74.3M | -$82.4M | -$91.4M |
| Patrimonio Neto | $33.9M | $48.6M | $49.2M | $47.3M | $47.1M | $47.4M | $46.4M | $42.8M | $38.2M | $33.6M |
| Deuda Total | 0 | 0 | 0 | 0 | $5.3M | $4.2M | $4.2M | $5.9M | $11.5M | $11.6M |
| Deuda Neta | -$5.9M | -$1.9M | -$297389 | -$463690 | -$142225 | $1.0M | $1.7M | $5.0M | $6.0M | $10.3M |
| Capital Circulante | $6.9M | $1.1M | -$471749 | -$265136 | $4.8M | $3.3M | $3.0M | -$7.1M | $6.1M | $2.0M |
Balance (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Caja y Equivalentes | $1.4M | $4.2M | $3.5M | $12.7M |
| Activos Totales | $52.4M | $54.8M | $53.9M | $62.9M |
| Pasivos Totales | $18.8M | $23.3M | $25.4M | $27.6M |
| Patrimonio Neto | $33.6M | $31.5M | $28.5M | $35.3M |
| Deuda Total | $11.6M | $11.7M | $11.7M | $11.8M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$5.3M | -$4.3M | -$6.1M | -$6.0M | -$6.4M | -$5.9M | -$7.8M | -$6.5M | -$8.1M | -$9.1M |
| Amortizaciones | $3906 | $4764 | $3732 | $2624 | $2555 | $2508 | $2169 | $1934 | $1358 | $2675 |
| Compensación en Acciones | $570837 | $243421 | $71335 | $231527 | $1.2M | $618235 | $440327 | $349992 | $331095 | $589730 |
| Cambio en Capital Circulante | -$559032 | $643297 | $23830 | -$36006 | -$353726 | -$956267 | -$155421 | $267093 | $21334 | -$60441 |
| Flujo de Caja Operativo | -$2.6M | -$6.5M | -$5.8M | -$5.6M | -$5.1M | -$6.0M | -$6.7M | -$5.3M | -$5.4M | -$6.3M |
| Inversiones (CapEx) | -$10806 | -$2527 | -$2.4M | 0 | -$4719 | -$87500 | -$47723 | -$80000 | -$100000 | -$161486 |
| Adquisiciones | 0 | -$1.0M | 0 | $1.9M | 0 | 0 | 0 | 0 | 0 | 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 | -$2.6M | -$6.5M | -$8.2M | -$5.6M | -$5.2M | -$6.0M | -$6.7M | -$5.3M | -$5.5M | -$6.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Flujo de Caja Operativo | -$2.7M | -$1.1M | -$1.4M | -$2.0M |
| Inversiones (CapEx) | -$2385 | -$1 | -$50000 | -$3 |
| Flujo de Caja Libre | -$2.7M | -$1.1M | -$1.4M | -$2.0M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $65038 | $22168 | $158360 | $163147 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -99.8% | +22.8% | +16.2% | -100.0% | | | | | |
| Crecimiento Beneficio Neto (anual) | | +18.8% | -39.8% | +1.6% | -7.7% | +8.2% | -32.8% | +17.7% | -24.9% | -12.3% |
| Crecimiento BPA (anual) | | +57.1% | -3.7% | +17.9% | -17.4% | +37.0% | -5.9% | +27.8% | +0.0% | +0.0% |
| Cambio en Acciones (anual) | | +91.7% | +32.1% | +19.9% | +6.7% | +28.8% | +19.2% | +15.0% | +23.0% | +13.2% |
| Crecimiento FCF (anual) | | -149.9% | -26.4% | +31.6% | +8.6% | -17.4% | -11.7% | +21.0% | -3.3% | -16.7% |
| Margen Bruto | 100.0% | 98.3% | 98.9% | 99.3% | | | | | | |
| Margen Operativo | -1.8% | -2847.7% | -1865.6% | -1488.7% | | | | | | |
| Margen EBITDA | -3.1% | -2697.1% | -1720.7% | -1453.5% | | | | | | |
| Margen Neto | -3.2% | -1546.2% | -1760.8% | -1491.0% | | | | | | |
| Margen FCF | -1.6% | -2322.6% | -2391.2% | -1407.0% | | | | | | |
| Tasa Impositiva Efectiva | -3.1% | 42.6% | -6.0% | 0.0% | -0.0% | -0.0% | -3.7% | 0.6% | -0.4% | -0.2% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.31 | $-0.40 | $-0.38 | $-0.22 | $-0.19 | $-0.17 | $-0.16 | $-0.11 | $-0.09 | $-0.09 |
| 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) | $8.5M | $16.3M | $21.6M | $25.9M | $27.6M | $35.5M | $42.4M | $48.7M | $59.9M | $67.8M |
Qué mirar en Basic Materials
Mineras, químicas, acero. 100% commodity-driven. Analizar con P/E puro es un error — mira posición de costes y sostenibilidad del dividendo.
- FCF yield — En commodities el FCF es oro — EPS engaña mucho
- Margen bruto — Margen bruto consistente 5y = señal de moat
- Deuda neta / EBITDA (valle) — Usar EBITDA del peor año del ciclo, no el actual
- Dividend coverage — Dividendo cubierto por FCF en año medio, no en pico
- Capex / D&A — >1x = mantienen/crecen reservas. <0.7x = están descapitalizando
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
- P/B en ciclos — Commodities: 0.8-1.2x en valles, 2x+ en picos. <2x aún zona razonable
Rentabilidad
| Rentabilidad sobre capital | -51.15% |
| Rentabilidad sobre capital invertido | -14.07% |
| Rentabilidad sobre activos | -26.19% |
| Margen bruto | 0.00% |
| Margen operativo | 0.00% |
| Margen neto | 0.00% |
Salud financiera
| Deuda / Patrimonio | 0.33 |
| Ratio corriente | 2.71 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -2.62 | -5.70 | -4.50 | -3.48 | -4.59 | -5.71 | -2.44 | -2.42 | -3.30 | -4.72 |
| P/VC | 0.41 | 0.52 | 0.55 | 0.44 | 0.73 | 0.73 | 0.40 | 0.36 | 0.67 | 1.24 |
| P/V | 0.08 | 89.61 | 78.85 | 51.66 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Margen Bruto | 100.0% | 98.3% | 98.9% | 99.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Operativo | -1.8% | -2847.7% | -1865.6% | -1488.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Neto | -3.2% | -1546.2% | -1760.8% | -1491.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |