Estados financieros detallados de Semilux International Ltd. (SELX): 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 -23.7%, margen operativo -147.1%, margen neto -100.3%.
Al precio actual de $0.04, SELX presenta beneficios negativos (P/E no significativo) y un ROE del -99.18%. La capitalización bursátil es de $1M.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| Ingresos | $97.5M | $126.1M | $102.4M | $32.8M | $120.2M |
| Coste de Ventas | $62.4M | $69.3M | $56.5M | $48.0M | $148.7M |
| Beneficio Bruto | $35.2M | $56.8M | $45.9M | -$15.2M | -$28.5M |
| I+D | $29.1M | $40.9M | $26.8M | $24.2M | $35.0M |
| Generales y Administrativos | $32.3M | $28.9M | $38.2M | $35.7M | $98.0M |
| Gastos Operativos | $61.4M | $69.8M | $65.0M | $59.9M | $148.3M |
| Beneficio Operativo | -$26.2M | -$13.0M | -$19.4M | -$75.1M | -$176.8M |
| EBITDA | -$8.1M | $9.9M | -$5.9M | -$34.7M | -$126.2M |
| Gastos por Intereses | 0 | $2.2M | $2.9M | $2.9M | $3.3M |
| Beneficio Antes de Impuestos | -$36.9M | -$29.2M | $21.5M | -$62.0M | -$152.7M |
| Impuestos | $2.9M | $1.3M | $6.4M | $1.0M | -$771000 |
| Beneficio Neto | -$23.8M | -$11.4M | $14.8M | -$50.0M | -$120.6M |
| BPA | $-0.85 | $-1.44 | $1.87 | $-6.30 | $-3.21 |
| BPA Diluido | $-0.85 | $-1.44 | $1.87 | $-6.30 | $-3.21 |
| Acciones en Circulación (Diluidas) | $28.2M | $7.9M | $7.9M | $7.9M | $37.6M |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| Caja y Equivalentes | $287.9M | $290.5M | $299.3M | $202.5M | $117.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $17.5M | $24.7M | $6.4M | $5.5M | $6.6M |
| Inventario | $18.9M | $27.5M | $36.8M | $47.8M | $16.0M |
| Activos Corrientes | $403.8M | $450.3M | $477.4M | $354.8M | $241.2M |
| Inmovilizado Material | $87.2M | $80.1M | $61.1M | $55.9M | $68.9M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $10.2M | 0 | 0 | 0 | 0 |
| Activos Totales | $520.7M | $561.3M | $547.1M | $448.9M | $315.2M |
| Cuentas por Pagar | $4.9M | $8.0M | $1.7M | $127000 | $16000 |
| Deuda a Corto | $67.1M | $105.6M | $129.4M | $97.3M | $103.1M |
| Pasivos Corrientes | $94.4M | $144.6M | $152.1M | $122.8M | $225.2M |
| Deuda a Largo | $23.4M | $52.9M | $47.7M | $43.2M | $30.8M |
| Pasivos Totales | $148.9M | $220.3M | $201.2M | $166.1M | $269.4M |
| Reservas | $13.8M | -$661000 | $3.6M | -$46.8M | -$167.4M |
| Patrimonio Neto | $340.4M | $325.8M | $274.5M | $224.5M | $18.7M |
| Deuda Total | $129.5M | $191.9M | $183.0M | $148.4M | $159.5M |
| Deuda Neta | -$158.4M | -$98.6M | -$116.3M | -$54.0M | $41.8M |
| Capital Circulante | $309.3M | $305.7M | $325.3M | $232.0M | $16.0M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| Beneficio Neto | -$23.8M | -$30.5M | $15.0M | -$50.0M | -$151.9M |
| Amortizaciones | $31.2M | $36.9M | $24.8M | $24.4M | $23.2M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | $1.3M | -$26.4M | -$10.8M | -$209000 | $96.6M |
| Flujo de Caja Operativo | -$3.4M | -$21.0M | $36.5M | -$38.1M | $2.2M |
| Inversiones (CapEx) | -$3.0M | -$19.4M | -$28.4M | -$23.7M | -$21.1M |
| Adquisiciones | 0 | 0 | -$1.5M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$6.4M | -$40.4M | $8.1M | -$61.7M | -$18.9M |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| Crecimiento Ingresos (anual) | | +29.3% | -18.8% | -67.9% | +266.1% |
| Crecimiento Beneficio Neto (anual) | | +52.0% | +229.6% | -437.4% | -141.1% |
| Crecimiento BPA (anual) | | -69.4% | +229.9% | -436.9% | +49.0% |
| Cambio en Acciones (anual) | | -71.8% | +0.0% | +0.0% | +373.7% |
| Crecimiento FCF (anual) | | -527.5% | +120.0% | -863.6% | +69.4% |
| Margen Bruto | 36.0% | 45.1% | 44.8% | -46.3% | -23.7% |
| Margen Operativo | -26.9% | -10.3% | -18.9% | -228.8% | -147.1% |
| Margen EBITDA | -8.3% | 7.9% | -5.8% | -105.6% | -104.9% |
| Margen Neto | -24.4% | -9.1% | 14.5% | -152.3% | -100.3% |
| Margen FCF | -6.6% | -32.0% | 7.9% | -187.9% | -15.7% |
| Tasa Impositiva Efectiva | -7.8% | -4.4% | 30.0% | -1.6% | 0.5% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| FCF por Acción | $-0.23 | $-5.09 | $1.02 | $-7.78 | $-0.50 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $28.1M | $7.9M | $7.9M | $7.9M | $37.6M |
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 | -99.18% |
| Rentabilidad sobre capital invertido | -85.70% |
| Rentabilidad sobre activos | -38.27% |
| Margen bruto | -23.69% |
| Margen operativo | -147.07% |
| Margen neto | -100.32% |
Salud financiera
| Deuda / Patrimonio | 8.53 |
| Ratio corriente | 1.07 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|
| P/E | -215.06 | -125.50 | 107.09 | -31.85 | -15.04 |
| P/VC | 15.06 | 4.40 | 5.79 | 7.09 | 97.03 |
| P/V | 52.57 | 11.37 | 15.52 | 48.49 | 15.10 |
| Margen Bruto | 36.0% | 45.1% | 44.8% | -46.3% | -23.7% |
| Margen Operativo | -26.9% | -10.3% | -18.9% | -228.8% | -147.1% |
| Margen Neto | -24.4% | -9.1% | 14.5% | -152.3% | -100.3% |