Estados financieros detallados de BV Financial, Inc. (BVFL): 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
BV Financial, Inc. registró ingresos de $52.4M en el último ejercicio fiscal, con un CAGR de 5 años del 21.4%. El beneficio neto alcanzó $13.5M, con un CAGR a 5 años del 12.0%.
Márgenes de los últimos 12 meses: margen bruto 79.0%, margen operativo 32.0%, margen neto 25.3%. El flujo de caja libre creció a un CAGR del 32.2% en 5 años.
Al precio actual de $20.93, BVFL cotiza a un P/E de 14.04 y un ROE del 7.07%. La capitalización bursátil es de $181M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $7.3M | $7.3M | $7.2M | $12.7M | $19.9M | $31.7M | $38.8M | $47.0M | $49.2M | $52.4M |
| Coste de Ventas | 0 | $1.2M | $893000 | $1.9M | $3.6M | $4.3M | $4.5M | $9.1M | $11.3M | $12.3M |
| Beneficio Bruto | $7.3M | $6.1M | $6.3M | $10.8M | $16.3M | $27.4M | $34.3M | $37.8M | $37.9M | $40.2M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | 0 | $2.8M | $2.9M | $4.7M | $6.1M | $8.1M | $10.4M | $12.6M | $14.4M | $12.5M |
| Gastos Operativos | $2.0M | $5.1M | $5.1M | $7.5M | $7.3M | $14.6M | $19.7M | $19.2M | $21.5M | $23.2M |
| Beneficio Operativo | 0 | $1.0M | $1.2M | $3.3M | $9.0M | $12.8M | $14.6M | $18.6M | $16.4M | $17.0M |
| EBITDA | $241000 | $1.3M | $1.4M | $3.7M | $9.7M | $13.8M | $15.6M | $19.7M | $17.4M | $17.6M |
| Gastos por Intereses | $46000 | $784000 | $779000 | $1.7M | $2.9M | $3.7M | $3.4M | $9.2M | $11.5M | $12.8M |
| Beneficio Antes de Impuestos | -$221000 | $1.0M | $1.2M | $3.3M | $9.0M | $12.8M | $14.6M | $18.6M | $16.4M | $18.9M |
| Impuestos | -$101000 | $372000 | $1.1M | $865000 | $1.3M | $3.4M | $4.0M | $4.9M | $4.7M | $5.4M |
| Beneficio Neto | -$120000 | $653000 | $91000 | $2.5M | $7.6M | $9.4M | $10.5M | $13.7M | $11.7M | $13.5M |
| BPA | $-0.04 | $0.22 | $0.03 | $0.38 | $1.08 | $1.33 | $1.32 | $1.47 | $1.10 | $1.44 |
| BPA Diluido | $-0.04 | $0.22 | $0.03 | $0.38 | $1.07 | $1.32 | $1.32 | $1.47 | $1.10 | $1.43 |
| Acciones en Circulación (Diluidas) | $3.0M | $3.0M | $3.0M | $6.5M | $7.1M | $7.1M | $8.0M | $9.3M | $10.7M | $8.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $13.2M | $13.8M | $12.1M | $12.7M |
| Beneficio Bruto | $11.1M | $10.5M | $9.1M | $10.2M |
| Beneficio Operativo | $5.2M | $5.2M | $1.5M | $4.7M |
| EBITDA | $5.4M | $5.2M | $1.6M | $4.7M |
| Beneficio Neto | $3.7M | $4.8M | $1.1M | $3.5M |
| BPA | $0.41 | $0.57 | $0.13 | $0.41 |
| BPA Diluido | $0.38 | $0.56 | $0.13 | $0.41 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | -$8.2M | $10.1M | $10.5M | $24.2M | $92.0M | $111.2M | $68.7M | $73.7M | $70.5M | $55.7M |
| Inversiones a Corto | 0 | $13.0M | $13.1M | $8.3M | $32.5M | $37.8M | $33.0M | $34.8M | $26.4M | $25.1M |
| Cuentas por Cobrar | 0 | $574000 | $498000 | $992000 | $2.9M | $2.6M | $3.0M | $3.3M | $3.2M | $3.1M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $14.4M | $23.6M | $24.0M | $33.6M | $127.4M | $151.6M | $104.6M | $111.8M | $100.1M | $84.0M |
| Inmovilizado Material | $4.6M | $4.3M | $4.1M | $5.8M | $15.5M | $15.1M | $15.2M | $14.2M | $13.2M | $12.5M |
| Fondo de Comercio | $120000 | $120000 | $120000 | $1.1M | $12.8M | $14.4M | $14.4M | $14.4M | $14.4M | $14.4M |
| Activos Intangibles | 0 | $28000 | $23000 | $1.2M | $1.5M | $1.3M | $1.2M | $1.0M | $831000 | $651000 |
| Activos Totales | $169.3M | $171.2M | $167.3M | $294.9M | $817.5M | $815.1M | $845.0M | $885.3M | $911.8M | $912.2M |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | 0 | 0 | 0 | $3.0M | $3.0M | 0 | $171000 | 0 | 0 | 0 |
| Pasivos Corrientes | $50.0M | $142.6M | $138.7M | $220.8M | $678.1M | $680.0M | $684.6M | $634.1M | $651.5M | $676.1M |
| Deuda a Largo | $3.1M | $3.1M | $3.0M | $3.0M | $51.7M | $36.8M | $49.0M | $37.3M | $49.9M | $35.0M |
| Pasivos Totales | $148.3M | $149.6M | $145.6M | $228.9M | $743.5M | $731.7M | $747.2M | $686.2M | $716.3M | $728.4M |
| Reservas | $12.3M | $12.9M | $13.0M | $57.0M | $64.6M | $74.1M | $84.6M | $97.8M | $109.5M | $123.0M |
| Patrimonio Neto | $21.0M | $21.6M | $21.6M | $66.0M | $74.0M | $83.4M | $97.8M | $199.1M | $195.5M | $183.8M |
| Deuda Total | $3.1M | $3.1M | $3.0M | $6.0M | $54.7M | $36.8M | $49.0M | $37.3M | $49.9M | $35.0M |
| Deuda Neta | $11.3M | -$20.0M | -$20.5M | -$26.6M | -$69.8M | -$112.2M | -$52.6M | -$71.3M | -$47.1M | -$45.8M |
| Capital Circulante | -$35.7M | -$119.0M | -$114.6M | -$187.3M | -$550.7M | -$528.5M | -$580.0M | -$522.3M | -$551.4M | -$592.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $63.5M | $55.7M | $74.6M | $8.7M |
| Activos Totales | $909.4M | $912.2M | $910.9M | $878.0M |
| Pasivos Totales | $719.2M | $728.4M | $727.2M | $694.8M |
| Patrimonio Neto | $190.2M | $183.8M | $183.6M | $183.2M |
| Deuda Total | $35.0M | $35.0M | $35.0M | $633000 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$120000 | $653000 | $91000 | $2.5M | $7.6M | $9.4M | $10.5M | $13.7M | $11.7M | $13.5M |
| Amortizaciones | $241000 | $235000 | $212000 | $399000 | $696000 | $1.0M | $1.0M | $1.1M | $1.0M | $813000 |
| Compensación en Acciones | 0 | $56000 | $72000 | $80000 | $9000 | $404000 | $258000 | $868000 | $2.1M | $4.3M |
| Cambio en Capital Circulante | -$118000 | -$277000 | $314000 | -$2.4M | -$153000 | $2.2M | $158000 | $1.1M | $829000 | $1.8M |
| Flujo de Caja Operativo | $1.1M | $1.6M | $1.9M | $1.2M | $5.0M | $10.6M | $9.7M | $15.2M | $16.1M | $19.0M |
| Inversiones (CapEx) | -$82000 | -$102000 | -$36000 | -$473000 | -$375000 | -$415000 | -$502000 | -$155000 | -$611000 | -$237000 |
| Adquisiciones | 0 | 0 | 0 | $19.3M | $136.0M | 0 | $8.5M | 0 | $7000 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$17.7M | -$30.0M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $972000 | $1.5M | $1.9M | $684000 | $4.6M | $10.2M | $9.2M | $15.0M | $15.5M | $18.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $8.4M | $3.4M | $3.7M | $4.4M |
| Inversiones (CapEx) | -$13000 | $132000 | -$7000 | $7000 |
| Flujo de Caja Libre | $8.4M | $3.6M | $3.7M | $4.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1.1M | $722000 | $740000 | $650000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +0.6% | -1.7% | +76.3% | +57.1% | +59.7% | +22.1% | +21.2% | +4.7% | +6.6% |
| Crecimiento Beneficio Neto (anual) | | +644.2% | -86.1% | +2617.6% | +209.1% | +23.5% | +11.5% | +30.2% | -14.5% | +15.1% |
| Crecimiento BPA (anual) | | +645.9% | -86.4% | +1166.7% | +184.2% | +23.1% | -0.8% | +11.4% | -25.2% | +30.9% |
| Cambio en Acciones (anual) | | +0.4% | +0.2% | +115.8% | +10.3% | +0.2% | +11.7% | +17.0% | +14.3% | -19.5% |
| Crecimiento FCF (anual) | | +53.6% | +24.7% | -63.3% | +579.7% | +118.6% | -9.3% | +63.2% | +2.7% | +21.6% |
| Margen Bruto | 100.0% | 83.8% | 87.6% | 85.4% | 81.9% | 86.4% | 88.5% | 80.5% | 77.0% | 76.6% |
| Margen Operativo | 0.0% | 14.0% | 16.4% | 26.4% | 45.2% | 40.4% | 37.5% | 39.6% | 33.3% | 32.4% |
| Margen EBITDA | 3.3% | 17.3% | 19.4% | 29.5% | 48.7% | 43.6% | 40.2% | 41.9% | 35.4% | 33.5% |
| Margen Neto | -1.7% | 8.9% | 1.3% | 19.5% | 38.5% | 29.7% | 27.1% | 29.2% | 23.8% | 25.7% |
| Margen FCF | 13.4% | 20.5% | 25.9% | 5.4% | 23.4% | 32.0% | 23.8% | 32.0% | 31.4% | 35.8% |
| Tasa Impositiva Efectiva | 45.7% | 36.3% | 92.3% | 25.9% | 15.0% | 26.4% | 27.7% | 26.4% | 28.5% | 28.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.33 | $0.50 | $0.62 | $0.11 | $0.65 | $1.42 | $1.16 | $1.61 | $1.45 | $2.19 |
| 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) | $3.0M | $3.0M | $3.0M | $6.4M | $7.1M | $7.1M | $8.0M | $9.3M | $10.7M | $8.4M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 7.07% |
| Rentabilidad sobre capital invertido | 1.30% |
| Rentabilidad sobre activos | 1.49% |
| Margen bruto | 79.03% |
| Margen operativo | 32.05% |
| Margen neto | 25.27% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 62.48 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -161.29 | 35.86 | 375.00 | 45.39 | 15.74 | 15.11 | 18.94 | 9.65 | 15.65 | 12.60 |
| P/VC | 0.92 | 1.09 | 1.55 | 1.68 | 1.63 | 1.71 | 2.03 | 0.66 | 0.94 | 0.83 |
| P/V | 2.66 | 3.22 | 4.68 | 8.77 | 6.07 | 4.51 | 5.13 | 2.81 | 3.73 | 2.92 |
| Margen Bruto | 100.0% | 83.8% | 87.6% | 85.4% | 81.9% | 86.4% | 88.5% | 80.5% | 77.0% | 76.6% |
| Margen Operativo | 0.0% | 14.0% | 16.4% | 26.4% | 45.2% | 40.4% | 37.5% | 39.6% | 33.3% | 32.4% |
| Margen Neto | -1.7% | 8.9% | 1.3% | 19.5% | 38.5% | 29.7% | 27.1% | 29.2% | 23.8% | 25.7% |