Estados financieros detallados de Retractable Technologies, Inc. (RVP): 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
Retractable Technologies, Inc. registró ingresos de $38.3M en el último ejercicio fiscal, con un CAGR de 5 años del -14.1%.
Márgenes de los últimos 12 meses: margen bruto 1.1%, margen operativo -66.9%, margen neto -9.9%.
Al precio actual de $0.68, RVP presenta beneficios negativos (P/E no significativo) y un ROE del -4.59%. La capitalización bursátil es de $20M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $29.8M | $34.5M | $33.3M | $41.8M | $81.9M | $188.4M | $94.8M | $43.6M | $33.0M | $38.3M |
| Coste de Ventas | $19.5M | $24.5M | $23.1M | $27.7M | $44.9M | $93.0M | $66.6M | $34.5M | $34.1M | $38.2M |
| Beneficio Bruto | $10.3M | $10.0M | $10.2M | $14.1M | $37.0M | $95.4M | $28.3M | $9.1M | -$1.0M | $47046 |
| I+D | $571842 | $740567 | $621365 | $516095 | $574527 | $901381 | $525727 | $581172 | $673944 | $675567 |
| Generales y Administrativos | $12.8M | $13.0M | $11.2M | $10.7M | $12.4M | $21.9M | $28.6M | $20.0M | $19.4M | $19.6M |
| Gastos Operativos | $13.4M | $13.8M | $11.8M | $11.2M | $12.9M | $22.8M | $29.1M | $20.6M | $20.1M | $20.3M |
| Beneficio Operativo | -$3.5M | -$3.8M | -$1.3M | $3.0M | $24.1M | $72.6M | -$852976 | -$11.5M | -$21.1M | -$20.2M |
| EBITDA | -$2.6M | -$2.9M | -$289257 | $4.2M | $27.2M | $76.4M | $9.9M | -$1.2M | $4.2M | -$4.4M |
| Gastos por Intereses | $213295 | $210761 | $177190 | $166897 | $260264 | $227183 | $170651 | $152166 | $122500 | $87904 |
| Beneficio Antes de Impuestos | -$3.7M | -$3.9M | -$1.4M | $3.2M | $26.1M | $75.0M | $5.2M | -$8.9M | -$3.5M | -$12.3M |
| Impuestos | $1132 | -$187608 | -$13318 | $7875 | $1.9M | $18.9M | $83870 | -$1.9M | $8.4M | $291293 |
| Beneficio Neto | -$3.7M | -$3.7M | -$1.3M | $3.1M | $24.2M | $56.1M | $5.1M | -$7.0M | -$11.9M | -$12.6M |
| BPA | $-0.13 | $-0.12 | $-0.04 | $0.07 | $0.80 | $1.65 | $0.15 | $-0.24 | $-0.40 | $-0.43 |
| BPA Diluido | $-0.13 | $-0.12 | $-0.04 | $0.07 | $0.80 | $1.63 | $0.15 | $-0.24 | $-0.40 | $-0.43 |
| Acciones en Circulación (Diluidas) | $29.4M | $32.0M | $32.7M | $32.7M | $33.3M | $34.2M | $33.0M | $29.9M | $29.9M | $29.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $10.1M | $9.4M | $7.2M | $7.2M |
| Beneficio Bruto | $1.7M | -$1.5M | $24629 | $190852 |
| Beneficio Operativo | -$3.7M | -$7.7M | -$6.2M | -$5.1M |
| EBITDA | $2.3M | -$180172 | -$2.3M | $4.7M |
| Beneficio Neto | $371047 | -$2.3M | -$4.2M | $2.8M |
| BPA | $0.01 | $-0.08 | $-0.14 | $0.09 |
| BPA Diluido | $0.01 | $-0.08 | $-0.14 | $0.09 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $16.2M | $14.9M | $9.6M | $5.9M | $17.6M | $29.2M | $19.7M | $12.7M | $4.2M | $2.6M |
| Inversiones a Corto | 0 | 0 | $996233 | $7.8M | $8.1M | $13.3M | $29.7M | $34.6M | $40.3M | $34.4M |
| Cuentas por Cobrar | $3.3M | $5.1M | $5.0M | $6.6M | $32.9M | $40.8M | $17.5M | $11.8M | $8.8M | $8.2M |
| Inventario | $7.0M | $6.2M | $7.5M | $7.5M | $10.2M | $20.6M | $20.7M | $17.6M | $19.2M | $17.2M |
| Activos Corrientes | $26.7M | $26.6M | $23.8M | $28.4M | $69.5M | $104.5M | $88.8M | $77.6M | $73.3M | $63.1M |
| Inmovilizado Material | $12.1M | $11.4M | $10.9M | $10.7M | $30.8M | $87.9M | $100.2M | $93.5M | $87.3M | $79.2M |
| 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 | $38.8M | $38.2M | $36.8M | $45.8M | $105.0M | $213.2M | $210.7M | $179.7M | $160.7M | $142.6M |
| Cuentas por Pagar | $4.5M | $5.0M | $5.4M | $5.0M | $16.3M | $20.4M | $6.4M | $4.8M | $4.3M | $5.3M |
| Deuda a Corto | $430393 | $410949 | $406361 | $343298 | $1.0M | $1.4M | $1.4M | $303991 | $332480 | $365277 |
| Pasivos Corrientes | $7.2M | $7.9M | $8.5M | $8.3M | $27.9M | $35.3M | $12.1M | $9.4M | $8.8M | $9.6M |
| Deuda a Largo | $3.5M | $3.1M | $2.6M | $2.4M | $2.7M | $2.9M | $1.5M | $1.2M | $900042 | $530368 |
| Pasivos Totales | $10.7M | $11.0M | $11.2M | $17.3M | $55.1M | $114.0M | $104.2M | $80.4M | $73.6M | $68.3M |
| Reservas | -$32.0M | -$35.7M | -$37.0M | -$33.9M | -$9.7M | $41.2M | $46.0M | $38.8M | $26.7M | $13.9M |
| Patrimonio Neto | $28.1M | $27.2M | $25.6M | $28.5M | $49.9M | $99.2M | $106.5M | $99.3M | $87.2M | $74.4M |
| Deuda Total | $3.9M | $3.5M | $3.0M | $2.7M | $3.7M | $4.2M | $2.9M | $1.5M | $1.2M | $895645 |
| Deuda Neta | -$12.3M | -$11.4M | -$7.6M | -$11.0M | -$21.9M | -$38.2M | -$46.5M | -$45.8M | -$43.3M | -$36.1M |
| Capital Circulante | $19.5M | $18.7M | $15.3M | $20.1M | $41.6M | $69.2M | $76.7M | $68.3M | $64.5M | $53.5M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $3.4M | $2.6M | $2.8M | $2.6M |
| Activos Totales | $146.4M | $142.6M | $137.6M | $141.7M |
| Pasivos Totales | $69.7M | $68.3M | $67.5M | $68.8M |
| Patrimonio Neto | $76.8M | $74.4M | $70.1M | $72.9M |
| Deuda Total | $988707 | $895645 | $916046 | $715921 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$3.7M | -$3.7M | -$1.3M | $3.1M | $27.2M | $56.1M | $5.1M | -$7.0M | -$11.9M | -$12.6M |
| Amortizaciones | $872868 | $834951 | $886814 | $852080 | $832069 | $1.3M | $4.6M | $7.5M | $7.6M | $7.8M |
| Compensación en Acciones | $387726 | $672223 | 0 | 0 | 0 | 0 | $10.1M | 0 | 0 | 0 |
| Cambio en Capital Circulante | $914858 | -$718044 | -$492428 | -$1.7M | $513178 | -$17.3M | -$4.9M | $4.6M | $504159 | $790821 |
| Flujo de Caja Operativo | -$794912 | -$2.9M | -$1.2M | $2.2M | $19.0M | $32.8M | $16.8M | $2.8M | -$11.6M | -$7.1M |
| Inversiones (CapEx) | -$1.9M | -$91874 | -$382155 | -$632078 | -$21.0M | -$58.4M | -$16.8M | -$852978 | -$1.4M | -$535644 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | -$482670 | -$6.5M | -$8.7M | -$1.1M | 0 | 0 |
| Dividendos Pagados | -$220755 | -$220450 | -$220450 | -$219825 | -$216642 | -$3.8M | -$252879 | -$232445 | -$230445 | -$230444 |
| Flujo de Caja Libre | -$2.7M | -$3.0M | -$1.6M | $1.6M | -$2.1M | -$25.6M | -$61950 | $1.9M | -$13.0M | -$7.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.3M | -$596542 | -$1.4M | -$1.7M |
| Inversiones (CapEx) | -$89788 | -$26568 | -$6227 | -$29822 |
| Flujo de Caja Libre | -$1.3M | -$623110 | -$1.4M | -$1.8M |
| Dividendos Pagados | -$57611 | -$57611 | -$57611 | -$57611 |
| 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) | | +15.6% | -3.5% | +25.6% | +95.9% | +130.1% | -49.7% | -54.0% | -24.2% | +15.8% |
| Crecimiento Beneficio Neto (anual) | | -1.1% | +64.1% | +335.0% | +669.4% | +131.5% | -90.9% | -238.1% | -69.5% | -5.7% |
| Crecimiento BPA (anual) | | +7.7% | +65.8% | +282.4% | +969.5% | +106.2% | -90.9% | -260.0% | -66.7% | -7.5% |
| Cambio en Acciones (anual) | | +8.9% | +2.2% | +0.0% | +1.9% | +2.8% | -3.7% | -9.2% | +0.0% | +0.0% |
| Crecimiento FCF (anual) | | -9.9% | +47.7% | +199.0% | -231.4% | -1145.9% | +99.8% | +3189.4% | -779.1% | +41.5% |
| Margen Bruto | 34.7% | 28.9% | 30.7% | 33.8% | 45.2% | 50.6% | 29.8% | 20.9% | -3.1% | 0.1% |
| Margen Operativo | -11.8% | -11.0% | -4.0% | 7.1% | 29.4% | 38.5% | -0.9% | -26.4% | -63.9% | -52.8% |
| Margen EBITDA | -8.7% | -8.3% | -0.9% | 10.0% | 33.2% | 40.6% | 10.5% | -2.8% | 12.6% | -11.6% |
| Margen Neto | -12.4% | -10.8% | -4.0% | 7.5% | 29.6% | 29.8% | 5.4% | -16.1% | -36.0% | -32.8% |
| Margen FCF | -9.2% | -8.7% | -4.7% | 3.7% | -2.5% | -13.6% | -0.1% | 4.4% | -39.3% | -19.9% |
| Tasa Impositiva Efectiva | -0.0% | 4.8% | 1.0% | 0.2% | 7.1% | 25.2% | 1.6% | 21.4% | -237.7% | -2.4% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.09 | $-0.09 | $-0.05 | $0.05 | $-0.06 | $-0.75 | $-0.00 | $0.06 | $-0.43 | $-0.25 |
| Dividendo por Acción | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 | $0.01 | $0.01 | $0.01 | $0.01 |
| Acciones en Circulación (Básicas) | $29.3M | $31.7M | $32.7M | $32.7M | $33.2M | $33.9M | $32.9M | $29.9M | $29.9M | $29.9M |
Qué mirar en Salud / Farma
El pipeline de I+D es el activo invisible. Patentes que caducan = ingresos que evaporan. Mira innovación y flujo de caja.
- I+D / Ingresos — Indica inversión en pipeline futuro. Farma seria reinvierte 15-20%
- Crecimiento EPS 5y — Tras caducidad de patentes, ¿siguen creciendo?
- Margen bruto — Farma de marca >70%. Genéricos mucho más bajo — define el tipo de negocio
- FCF / Net Income — Calidad del beneficio — farma grande debería convertir >90%
- ROIC — Capital reinvertido con eficiencia — clave en farma por ciclos de I+D largos
- Deuda neta / EBITDA — Adquisiciones de farma generan mucha deuda — ojo al post-M&A
- P/E vs historial 10y propio — La mejor comparación es con su propia historia, no con competidores
Rentabilidad
| Rentabilidad sobre capital | -4.59% |
| Rentabilidad sobre capital invertido | -17.62% |
| Rentabilidad sobre activos | -2.38% |
| Margen bruto | 1.10% |
| Margen operativo | -66.90% |
| Margen neto | -9.94% |
Salud financiera
| Deuda / Patrimonio | 0.01 |
| Ratio corriente | 4.93 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -7.15 | -5.67 | -14.51 | 20.05 | 13.42 | 4.20 | 10.93 | -4.63 | -1.72 | -1.80 |
| P/VC | 0.97 | 0.79 | 0.76 | 1.72 | 7.14 | 2.37 | 0.51 | 0.33 | 0.24 | 0.31 |
| P/V | 0.91 | 0.63 | 0.58 | 1.17 | 4.35 | 1.25 | 0.57 | 0.76 | 0.62 | 0.60 |
| Margen Bruto | 34.7% | 28.9% | 30.7% | 33.8% | 45.2% | 50.6% | 29.8% | 20.9% | -3.1% | 0.1% |
| Margen Operativo | -11.8% | -11.0% | -4.0% | 7.1% | 29.4% | 38.5% | -0.9% | -26.4% | -63.9% | -52.8% |
| Margen Neto | -12.4% | -10.8% | -4.0% | 7.5% | 29.6% | 29.8% | 5.4% | -16.1% | -36.0% | -32.8% |