Estados financieros detallados de U.S. Gold Corp. (USAU): 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 $15.01, USAU presenta beneficios negativos (P/E no significativo) y un ROE del -46.20%. La capitalización bursátil es de $248M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $17.4M | 0 | $2.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Coste de Ventas | $14.5M | 0 | $13817 | $21204 | $40363 | 0 | $1.8M | $1.4M | $120639 | 0 |
| Beneficio Bruto | $2.9M | 0 | $2.0M | -$21204 | -$40363 | 0 | -$1.8M | -$1.4M | -$120639 | 0 |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $4.7M | $5.8M | $5.0M | $4.4M | $8.4M | $7.7M | $7.6M | $4.4M | $6.7M | $12.0M |
| Gastos Operativos | $4.7M | $8.3M | $7.6M | $5.7M | $12.4M | $15.0M | $7.6M | $5.8M | $12.9M | $19.0M |
| Beneficio Operativo | -$1.8M | -$8.3M | -$7.6M | -$5.7M | -$12.4M | -$15.0M | -$9.4M | -$7.3M | -$13.0M | -$19.0M |
| EBITDA | -$4.1M | 0 | -$7.6M | -$5.7M | -$12.3M | -$14.9M | -$9.3M | -$7.2M | -$12.9M | -$17.1M |
| Gastos por Intereses | $136000 | $116 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$1.9M | -$8.3M | -$7.6M | -$5.7M | -$12.4M | -$13.9M | -$7.6M | -$6.9M | -$20.6M | -$17.2M |
| Impuestos | $136000 | -$435345 | $435345 | -$438145 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$1.9M | -$13.7M | -$8.0M | -$5.2M | -$12.4M | -$13.9M | -$7.6M | -$6.9M | -$20.6M | -$17.2M |
| BPA | $-1.96 | $-10.21 | $-4.36 | $-2.27 | $-2.63 | $-1.61 | $-0.90 | $-0.74 | $-1.80 | $-1.15 |
| BPA Diluido | $-1.96 | $-10.21 | $-4.36 | $-2.27 | $-2.63 | $-1.61 | $-0.90 | $-0.74 | $-1.80 | $-1.15 |
| Acciones en Circulación (Diluidas) | $977849 | $1.3M | $1.8M | $2.3M | $4.7M | $7.3M | $8.4M | $9.4M | $11.4M | $15.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Ingresos | 0 | 0 | 0 | 0 |
| Beneficio Bruto | -$39075 | -$43175 | $113998 | -$44109 |
| Beneficio Operativo | -$4.6M | -$5.3M | -$5.5M | -$4.8M |
| EBITDA | -$4.5M | -$5.3M | -$5.2M | -$4.7M |
| Beneficio Neto | -$4.5M | -$5.3M | -$5.4M | -$4.6M |
| BPA | $-0.31 | $-0.35 | $-0.34 | $-0.28 |
| BPA Diluido | $-0.31 | $-0.35 | $-0.34 | $-0.28 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $155000 | $7.6M | $2.2M | $2.7M | $13.6M | $9.1M | $7.8M | $5.6M | $8.2M | $30.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | -$893151 | 0 | 0 | $219072 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventario | $945000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $3.4M | $8.3M | $2.8M | $3.2M | $14.1M | $9.9M | $8.4M | $6.5M | $8.9M | $32.2M |
| Inmovilizado Material | $16000 | $4.2M | $4.3M | $6.3M | $16.5M | $16.8M | $14.9M | $14.9M | $14.8M | $2.3M |
| Fondo de Comercio | $1.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $274000 | $4.2M | $4.2M | 0 | 0 | 0 | 0 | 0 | 0 | $14.4M |
| Activos Totales | $4.8M | $13.0M | $7.4M | $9.8M | $31.3M | $27.5M | $24.2M | $22.6M | $24.9M | $50.2M |
| Cuentas por Pagar | $42981 | $262652 | $112303 | $154381 | $619038 | $1.1M | $346718 | $352804 | $636734 | $495052 |
| Deuda a Corto | $1.7M | 0 | 0 | 0 | 0 | $55630 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $2.8M | $286081 | $160209 | $157840 | $619038 | $1.1M | $378798 | $452790 | $879953 | $619527 |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $2.8M | $286081 | $248955 | $326232 | $823653 | $3.8M | $5.3M | $5.1M | $13.3M | $1.5M |
| Reservas | -$27.6M | -$18.2M | -$26.3M | -$31.6M | -$44.0M | -$57.9M | -$66.0M | -$72.8M | -$93.4M | -$110.6M |
| Patrimonio Neto | $2.0M | $12.7M | $7.2M | $9.5M | $30.5M | $23.7M | $18.9M | $17.5M | $11.6M | $48.8M |
| Deuda Total | $1.7M | 0 | 0 | 0 | 0 | $64364 | $32080 | $70331 | $34410 | $96223 |
| Deuda Neta | $1.5M | -$7.6M | -$2.2M | -$2.7M | -$13.6M | -$9.0M | -$7.8M | -$5.5M | -$8.1M | -$30.6M |
| Capital Circulante | $584000 | $8.0M | $2.7M | $3.0M | $13.5M | $8.8M | $8.1M | $6.1M | $8.0M | $31.6M |
Balance (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caja y Equivalentes | $8.8M | $36.1M | $30.7M | $27.1M |
| Activos Totales | $27.1M | $54.8M | $50.2M | $46.5M |
| Pasivos Totales | $2.5M | $2.2M | $1.5M | $1.6M |
| Patrimonio Neto | $24.6M | $52.6M | $48.8M | $44.9M |
| Deuda Total | $83121 | $68596 | $96223 | $81903 |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$1.9M | -$13.7M | -$8.0M | -$5.2M | -$12.4M | -$13.9M | -$7.6M | -$6.9M | -$20.6M | -$17.2M |
| Amortizaciones | $87000 | $5.8M | $6956 | $10730 | $22886 | $74825 | $88961 | $88175 | $120639 | $157446 |
| Compensación en Acciones | $476000 | $1.3M | $2.3M | $1.3M | $3.6M | $1.7M | $1.3M | $593556 | $2.2M | $1.4M |
| Cambio en Capital Circulante | $1.2M | -$246358 | -$392096 | -$96151 | $57168 | $270400 | -$805931 | -$862120 | $682456 | -$1.0M |
| Flujo de Caja Operativo | -$218000 | -$7.0M | -$5.7M | -$3.9M | -$8.6M | -$12.6M | -$8.7M | -$7.1M | -$9.9M | -$18.2M |
| Inversiones (CapEx) | -$288917 | -$20479 | 0 | 0 | -$42991 | -$178972 | -$177513 | 0 | -$6158 | -$1.9M |
| Adquisiciones | 0 | $326404 | 0 | $159 | $2500 | 0 | $2.8M | 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 | -$506917 | -$7.0M | -$5.7M | -$3.9M | -$8.6M | -$12.8M | -$8.9M | -$7.1M | -$9.9M | -$20.1M |
Flujo de Caja (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Flujo de Caja Operativo | -$3.8M | -$5.0M | -$6.1M | -$3.5M |
| Inversiones (CapEx) | -$1.1M | $1.1M | -$1.9M | 0 |
| Flujo de Caja Libre | -$4.9M | -$3.9M | -$8.0M | -$3.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $135013 | $211681 | $864839 | $763604 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | -100.0% | | -100.0% | | | | | | |
| Crecimiento Beneficio Neto (anual) | | -613.2% | +41.1% | +34.8% | -136.0% | -12.5% | +45.3% | +9.4% | -198.1% | +16.3% |
| Crecimiento BPA (anual) | | -420.9% | +57.3% | +47.9% | -15.9% | +38.8% | +44.1% | +17.8% | -143.2% | +36.1% |
| Cambio en Acciones (anual) | | +36.8% | +38.1% | +25.4% | +103.4% | +53.9% | +16.0% | +11.2% | +22.1% | +31.0% |
| Crecimiento FCF (anual) | | -1282.3% | +19.1% | +31.2% | -121.5% | -47.7% | +30.5% | +20.2% | -39.6% | -103.9% |
| Margen Bruto | 16.9% | | 99.3% | | | | | | | |
| Margen Operativo | -10.2% | | -376.6% | | | | | | | |
| Margen EBITDA | -23.3% | | -375.9% | | | | | | | |
| Margen Neto | -11.0% | | -398.1% | | | | | | | |
| Margen FCF | -2.9% | | -280.5% | | | | | | | |
| Tasa Impositiva Efectiva | -7.1% | 5.3% | -5.7% | 7.7% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $-0.52 | $-5.24 | $-3.07 | $-1.68 | $-1.83 | $-1.76 | $-1.05 | $-0.76 | $-0.86 | $-1.34 |
| 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) | $977849 | $1.3M | $1.8M | $2.3M | $4.7M | $7.3M | $8.4M | $9.4M | $11.4M | $15.0M |
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 | -46.20% |
| Rentabilidad sobre capital invertido | -43.92% |
| Rentabilidad sobre activos | -42.42% |
| Margen bruto | 0.00% |
| Margen operativo | 0.00% |
| Margen neto | 0.00% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 37.15 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -24.08 | -1.33 | -2.68 | -2.25 | -4.18 | -3.51 | -4.51 | -5.65 | -6.09 | -14.28 |
| P/VC | 23.60 | 1.43 | 3.02 | 1.25 | 1.70 | 1.73 | 1.81 | 2.24 | 10.82 | 5.04 |
| P/V | 2.65 | 0.00 | 10.69 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Margen Bruto | 16.9% | 0.0% | 99.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Operativo | -10.2% | 0.0% | -376.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Neto | -11.0% | 0.0% | -398.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |