Estados financieros detallados de Savers Value Village, Inc. (SVV): 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
Savers Value Village, Inc. registró ingresos de $1.68B en el último ejercicio fiscal, con un CAGR de 5 años del 15.0%.
Márgenes de los últimos 12 meses: margen bruto 56.0%, margen operativo 7.7%, margen neto 1.4%. El flujo de caja libre creció a un CAGR del 35.3% en 5 años.
Al precio actual de $9.12, SVV cotiza a un P/E de 53.67 y un ROE del 5.75%. La capitalización bursátil es de $1.4B.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|
| Ingresos | $1.21B | $834.0M | $1.20B | $1.44B | $1.50B | $1.54B | $1.68B |
| Coste de Ventas | $627.0M | $353.5M | $474.5M | $599.9M | $654.2M | $669.7M | $349.0M |
| Beneficio Bruto | $578.5M | $480.6M | $729.7M | $837.3M | $846.0M | $867.9M | $1.33B |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $459.7M | $394.8M | $470.2M | $575.3M | $643.0M | $659.6M | $714.2M |
| Gastos Operativos | $532.5M | $473.7M | $547.4M | $631.1M | $704.1M | $737.7M | $1.21B |
| Beneficio Operativo | $46.0M | $6.8M | $182.2M | $206.2M | $141.9M | $130.2M | $124.1M |
| EBITDA | $97.2M | $60.5M | $174.2M | $244.8M | $207.8M | $186.8M | $185.0M |
| Gastos por Intereses | $69.9M | $66.2M | $53.4M | $64.7M | $99.6M | $73.4M | $67.3M |
| Beneficio Antes de Impuestos | $250.7M | -$59.4M | $77.9M | $124.3M | $47.1M | $49.4M | $37.2M |
| Impuestos | $9.7M | $4.1M | -$5.5M | $39.6M | -$6.0M | $20.4M | $14.6M |
| Beneficio Neto | $241.0M | -$63.5M | $83.4M | $84.7M | $53.1M | $29.0M | $22.6M |
| BPA | $0.01 | $-0.40 | $0.52 | $0.53 | $0.35 | $0.18 | $0.14 |
| BPA Diluido | $1.50 | $-0.40 | $0.52 | $0.53 | $0.34 | $0.17 | $0.14 |
| Acciones en Circulación (Diluidas) | $160.5M | $160.5M | $160.5M | $160.5M | $156.2M | $166.7M | $162.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Ingresos | $426.9M | $464.7M | $403.2M | $448.2M |
| Beneficio Bruto | $342.4M | $372.0M | $220.0M | $42.2M |
| Beneficio Operativo | $36.3M | $43.3M | $12.5M | $42.2M |
| EBITDA | $18.3M | $70.3M | $41.6M | $92.7M |
| Beneficio Neto | -$14.0M | $22.4M | -$5.3M | $21.6M |
| BPA | $-0.09 | $0.14 | $-0.03 | $0.14 |
| BPA Diluido | $-0.09 | $0.14 | $-0.03 | $0.14 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|
| Caja y Equivalentes | $84.9M | $137.2M | $97.9M | $112.1M | $180.0M | $150.0M | $85.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $13.8M | $8.9M | $6.6M | $14.1M | $11.8M | $16.8M | $17.1M |
| Inventario | $24.2M | $21.6M | $24.4M | $21.8M | $32.8M | $34.3M | $41.5M |
| Activos Corrientes | $130.8M | $178.6M | $157.7M | $183.0M | $257.9M | $230.2M | $197.1M |
| Inmovilizado Material | $141.3M | $120.0M | $133.9M | $628.4M | $728.8M | $822.9M | $973.0M |
| Fondo de Comercio | $477.8M | $485.8M | $703.8M | $681.4M | $687.4M | $665.5M | $677.9M |
| Activos Intangibles | $198.6M | $179.4M | $208.8M | $170.7M | $166.7M | $159.3M | $153.6M |
| Activos Totales | $959.7M | $965.6M | $1.22B | $1.86B | $1.87B | $1.89B | $2.01B |
| Cuentas por Pagar | $62.2M | $66.7M | $73.0M | $78.4M | $86.8M | $83.0M | $75.6M |
| Deuda a Corto | $6.8M | $5.5M | $8.4M | $130.1M | $4.5M | $6.0M | $7.5M |
| Pasivos Corrientes | $134.7M | $129.4M | $161.2M | $272.9M | $241.5M | $231.1M | $244.0M |
| Deuda a Largo | $570.9M | $598.3M | $790.7M | $783.3M | $784.6M | $735.1M | $708.2M |
| Pasivos Totales | $770.3M | $791.7M | $1.04B | $1.63B | $1.49B | $1.46B | $1.58B |
| Reservas | $1.4M | -$62.1M | -$53.7M | -$38.4M | -$247.5M | -$250.5M | -$273.2M |
| Patrimonio Neto | $189.5M | $173.9M | $185.4M | $227.3M | $376.1M | $421.7M | $435.6M |
| Deuda Total | $583.3M | $607.8M | $803.9M | $1.26B | $1.29B | $1.30B | $1.38B |
| Deuda Neta | $498.3M | $470.6M | $706.0M | $1.15B | $1.11B | $1.15B | $1.30B |
| Capital Circulante | -$3.9M | $49.2M | -$3.4M | -$89.9M | $16.5M | -$876000 | -$46.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caja y Equivalentes | $63.5M | $85.9M | $61.6M | $91.9M |
| Activos Totales | $1.96B | $2.01B | $2.02B | $2.08B |
| Pasivos Totales | $1.55B | $1.58B | $1.59B | $1.63B |
| Patrimonio Neto | $414.6M | $435.6M | $430.4M | $444.3M |
| Deuda Total | $1.37B | $1.38B | $1.41B | $1.44B |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|
| Beneficio Neto | $241.0M | -$63.5M | $83.4M | $84.7M | $53.1M | $29.0M | $22.6M |
| Amortizaciones | $51.2M | $59.4M | $47.4M | $55.8M | $61.1M | $69.5M | $80.5M |
| Compensación en Acciones | $526000 | $354000 | $732000 | $1.9M | $72.6M | $61.6M | $38.6M |
| Cambio en Capital Circulante | $8.7M | $20.5M | $9.4M | -$135.9M | -$104.0M | -$145.0M | -$157.5M |
| Flujo de Caja Operativo | $43.9M | $29.9M | $175.8M | $169.4M | $175.2M | $134.3M | $167.3M |
| Inversiones (CapEx) | -$29.4M | -$19.2M | -$40.5M | -$110.2M | -$92.4M | -$105.9M | -$118.6M |
| Adquisiciones | -$728.8M | 0 | -$220.3M | 0 | 0 | -$3.2M | 0 |
| Recompra de Acciones | 0 | 0 | 0 | -$292000 | -$849000 | -$560000 | -$45.2M |
| Dividendos Pagados | 0 | 0 | -$75.0M | -$69.4M | -$262.2M | 0 | 0 |
| Flujo de Caja Libre | $14.6M | $10.7M | $135.2M | $59.3M | $82.8M | $28.4M | $48.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Flujo de Caja Operativo | $21.6M | $90.8M | $18.2M | $74.5M |
| Inversiones (CapEx) | -$27.9M | -$37.6M | -$28.1M | -$29.7M |
| Flujo de Caja Libre | -$6.3M | $53.2M | -$9.9M | $44.8M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $7.2M | $7.4M | $7.9M | $1.8M |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | -30.8% | +44.4% | +19.4% | +4.4% | +2.5% | +9.2% |
| Crecimiento Beneficio Neto (anual) | | -126.3% | +231.4% | +1.6% | -37.3% | -45.3% | -22.0% |
| Crecimiento BPA (anual) | | -5294.8% | +230.0% | +1.9% | -34.0% | -48.6% | -22.2% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | +0.0% | -2.7% | +6.8% | -2.4% |
| Crecimiento FCF (anual) | | -26.4% | +1158.9% | -56.2% | +39.7% | -65.7% | +71.3% |
| Margen Bruto | 48.0% | 57.6% | 60.6% | 58.3% | 56.4% | 56.4% | 79.2% |
| Margen Operativo | 3.8% | 0.8% | 15.1% | 14.3% | 9.5% | 8.5% | 7.4% |
| Margen EBITDA | 8.1% | 7.3% | 14.5% | 17.0% | 13.9% | 12.1% | 11.0% |
| Margen Neto | 20.0% | -7.6% | 6.9% | 5.9% | 3.5% | 1.9% | 1.3% |
| Margen FCF | 1.2% | 1.3% | 11.2% | 4.1% | 5.5% | 1.8% | 2.9% |
| Tasa Impositiva Efectiva | 3.9% | -6.8% | -7.1% | 31.8% | -12.8% | 41.3% | 39.2% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|
| FCF por Acción | $0.09 | $0.07 | $0.84 | $0.37 | $0.53 | $0.17 | $0.30 |
| Dividendo por Acción | $0.00 | $0.00 | $0.47 | $0.43 | $1.68 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $160.5M | $160.5M | $160.5M | $160.5M | $151.0M | $160.9M | $156.6M |
Qué mirar en empresas de Consumer Cyclical
- Margen operativo medio 5a (Media del ciclo) — Mira la media del ciclo, no el año actual (pico o valle).
- Rotación de inventario (≥4x/año) — El retail sano rota inventario rápido. Una caída señala demanda débil.
- ROIC medio 5a (≥12%) — Cíclicas con ROIC medio >12% son ganadoras estructurales.
- Deuda neta / EBITDA (pico) (<3x en valle) — En cíclicas la deuda mata en recesión.
- Current Ratio (>1,5x) — Aguanta 12-18 meses sin caja operativa.
- Altman Z-Score (>2,99 seguro) — Modelo de bancarrota — clave en cíclicas sensibles a recesión.
Rentabilidad
| Rentabilidad sobre capital | 5.75% |
| Rentabilidad sobre capital invertido | 4.17% |
| Rentabilidad sobre activos | 1.19% |
| Margen bruto | 56.03% |
| Margen operativo | 7.71% |
| Margen neto | 1.42% |
Salud financiera
| Deuda / Patrimonio | 3.23 |
| Ratio corriente | 0.84 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 1.38 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|
| P/E | 2975.32 | -57.27 | 44.06 | 43.23 | 49.66 | 57.28 | 67.50 |
| P/VC | 19.40 | 21.14 | 19.82 | 16.17 | 6.98 | 3.93 | 3.40 |
| P/V | 3.05 | 4.41 | 3.05 | 2.56 | 1.75 | 1.08 | 0.88 |
| Margen Bruto | 48.0% | 57.6% | 60.6% | 58.3% | 56.4% | 56.4% | 79.2% |
| Margen Operativo | 3.8% | 0.8% | 15.1% | 14.3% | 9.5% | 8.5% | 7.4% |
| Margen Neto | 20.0% | -7.6% | 6.9% | 5.9% | 3.5% | 1.9% | 1.3% |