Estados financieros detallados de CVD Equipment Corporation (CVV): 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
CVD Equipment Corporation registró ingresos de $25.8M en el último ejercicio fiscal, con un CAGR de 5 años del 8.8%.
Márgenes de los últimos 12 meses: margen bruto 24.7%, margen operativo -26.5%, margen neto 62.0%.
Al precio actual de $4.60, CVV cotiza a un P/E de 3.19 y un ROE del 36.49%. La capitalización bursátil es de $32M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $21.0M | $41.1M | $24.3M | $19.6M | $16.9M | $16.4M | $25.8M | $24.1M | $26.9M | $25.8M |
| Coste de Ventas | $13.9M | $23.5M | $19.2M | $16.9M | $14.0M | $13.4M | $19.2M | $19.0M | $20.5M | $18.5M |
| Beneficio Bruto | $7.1M | $17.6M | $5.2M | $2.8M | $2.9M | $3.1M | $6.6M | $5.1M | $6.3M | $7.3M |
| I+D | $433844 | $437157 | $606618 | $597456 | $372648 | $1.8M | $1.9M | $2.6M | $2.6M | $2.8M |
| Generales y Administrativos | $8.0M | $9.9M | $9.8M | $7.2M | $6.7M | $6.0M | $6.5M | $7.1M | $6.8M | $6.2M |
| Gastos Operativos | $8.5M | $10.4M | $10.4M | $7.8M | $10.7M | $7.7M | $8.4M | $10.0M | $8.7M | $9.0M |
| Beneficio Operativo | -$724564 | $7.2M | -$5.3M | -$5.0M | -$7.8M | -$4.7M | -$1.8M | -$4.9M | -$2.4M | -$1.7M |
| EBITDA | -$724 | $8.2M | -$4.0M | -$3.4M | -$5.8M | $5.8M | $655000 | -$3.4M | -$1.2M | -$886000 |
| Gastos por Intereses | $79861 | $106280 | $463017 | $482844 | $444337 | $261000 | $8000 | $23000 | $19000 | $13000 |
| Beneficio Antes de Impuestos | -$653186 | $7.2M | -$5.3M | -$4.9M | -$7.6M | $4.8M | -$220000 | -$4.2M | -$1.9M | -$1.6M |
| Impuestos | -$504061 | $1.9M | -$356562 | $1.4M | -$1.5M | $28000 | $4000 | -$14000 | $24000 | $3000 |
| Beneficio Neto | -$149124 | $5.3M | -$5.2M | -$6.3M | -$6.1M | $4.7M | -$224000 | -$4.2M | -$1.9M | -$1.6M |
| BPA | $-0.02 | $0.83 | $-0.80 | $-0.96 | $-0.91 | $0.71 | $-0.03 | $-0.62 | $-0.28 | $-0.23 |
| BPA Diluido | $-0.02 | $0.82 | $-0.80 | $-0.96 | $-0.91 | $0.71 | $-0.03 | $-0.62 | $-0.28 | $-0.23 |
| Acciones en Circulación (Diluidas) | $6.3M | $6.4M | $6.5M | $6.6M | $6.7M | $6.7M | $6.7M | $6.8M | $6.8M | $6.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $7.4M | $5.0M | $1.8M | $2.0M |
| Beneficio Bruto | $2.4M | $1.1M | $147000 | $329000 |
| Beneficio Operativo | $308000 | -$1.2M | -$1.8M | -$1.6M |
| EBITDA | $550000 | -$1.1M | -$1.6M | -$1.2M |
| Beneficio Neto | $384000 | -$1.3M | -$1.7M | $12.6M |
| BPA | $0.06 | $-0.19 | $-0.24 | $1.81 |
| BPA Diluido | $0.06 | $-0.19 | $-0.24 | $1.81 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $21.7M | $14.2M | $11.4M | $8.7M | $7.7M | $16.7M | $14.4M | $14.0M | $12.6M | $8.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $3.2M | $10.5M | $5.4M | $3.1M | $1.5M | $4.7M | $6.0M | $3.5M | $4.4M | $5.7M |
| Inventario | $3.3M | $3.0M | $1.9M | $1.7M | $1.1M | $1.2M | $2.5M | $4.5M | $2.1M | $1.6M |
| Activos Corrientes | $28.8M | $27.8M | $19.4M | $14.2M | $11.8M | $23.1M | $23.7M | $22.8M | $20.0M | $16.9M |
| Inmovilizado Material | $14.4M | $28.8M | $30.4M | $32.1M | $28.8M | $12.3M | $12.6M | $12.2M | $11.7M | $10.6M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $253624 | $662162 | $495552 | $441177 | $288657 | $183000 | $119000 | $9000 | 0 | 0 |
| Activos Totales | $45.6M | $59.0M | $52.5M | $46.7M | $40.9M | $35.5M | $37.9M | $35.0M | $31.7M | $27.5M |
| Cuentas por Pagar | $743132 | $1.2M | $713194 | $535394 | $817933 | $1.2M | $1.5M | $1.2M | $679000 | $642000 |
| Deuda a Corto | $300000 | $747324 | $857590 | $674593 | $690667 | $1.8M | $77000 | $81000 | $87000 | $181000 |
| Pasivos Corrientes | $8.3M | $5.4M | $4.1M | $5.4M | $3.7M | $6.3M | $8.2M | $8.6M | $6.1M | $2.8M |
| Deuda a Largo | $3.0M | $12.7M | $12.1M | $11.4M | $13.1M | 0 | $349000 | $268000 | $181000 | 0 |
| Pasivos Totales | $11.3M | $18.3M | $16.1M | $16.8M | $16.8M | $6.3M | $8.5M | $8.8M | $6.3M | $2.8M |
| Reservas | $10.1M | $15.4M | $10.2M | $3.2M | -$2.9M | $1.8M | $1.6M | -$2.6M | -$4.5M | -$6.0M |
| Patrimonio Neto | $34.3M | $40.7M | $36.4M | $30.0M | $24.1M | $29.2M | $29.4M | $26.2M | $25.4M | $24.7M |
| Deuda Total | $3.3M | $13.4M | $12.9M | $12.1M | $13.8M | $1.8M | $426000 | $349000 | $268000 | $181000 |
| Deuda Neta | -$18.4M | -$857902 | $1.5M | $3.4M | $6.1M | -$14.9M | -$13.9M | -$13.7M | -$12.3M | -$8.6M |
| Capital Circulante | $20.5M | $22.4M | $15.4M | $8.8M | $8.1M | $16.7M | $15.5M | $14.3M | $13.8M | $14.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $8.4M | $8.2M | $8.2M | $23.5M |
| Activos Totales | $29.8M | $27.5M | $26.2M | $38.5M |
| Pasivos Totales | $4.0M | $2.8M | $2.9M | $2.5M |
| Patrimonio Neto | $25.8M | $24.7M | $23.3M | $36.0M |
| Deuda Total | $203000 | $181000 | 0 | 0 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$149124 | $5.3M | -$5.2M | -$6.3M | -$6.1M | $4.7M | -$224000 | -$4.2M | -$1.9M | -$1.6M |
| Amortizaciones | $813657 | $867277 | $1.1M | $1.0M | $1.4M | $742000 | $867000 | $792000 | $684000 | $683000 |
| Compensación en Acciones | $775757 | $932743 | $939711 | $572177 | $242679 | $315000 | $435000 | $908000 | $1.1M | $942000 |
| Cambio en Capital Circulante | $7.9M | -$10.2M | $4.0M | $4.1M | -$428986 | -$740000 | -$884000 | $2.0M | -$2.2M | -$3.9M |
| Flujo de Caja Operativo | $8.9M | -$2.4M | $506537 | $570714 | -$1.1M | -$4.3M | $194000 | -$206000 | -$1.5M | -$3.7M |
| Inversiones (CapEx) | -$112493 | -$14.9M | -$2.5M | -$2.7M | -$1.6M | -$236000 | -$718000 | -$418000 | -$106000 | -$48000 |
| Adquisiciones | -$500000 | -$419813 | 0 | 0 | 0 | 0 | 0 | 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 | $8.7M | -$17.3M | -$2.0M | -$2.1M | -$2.7M | -$4.5M | -$524000 | -$624000 | -$1.6M | -$3.7M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $1.4M | $397000 | -$852000 | -$425000 |
| Inversiones (CapEx) | 0 | $1000 | -$13000 | -$1000 |
| Flujo de Caja Libre | $1.4M | $398000 | -$865000 | -$426000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $210000 | $218000 | $220000 | $202000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +96.3% | -40.8% | -19.3% | -13.9% | -2.8% | +56.9% | -6.6% | +11.5% | -4.1% |
| Crecimiento Beneficio Neto (anual) | | +3628.2% | -198.9% | -21.7% | +4.0% | +178.1% | -104.7% | -1766.1% | +54.6% | +16.5% |
| Crecimiento BPA (anual) | | +3602.1% | -196.4% | -20.0% | +5.2% | +178.0% | -104.7% | -1761.9% | +54.8% | +17.9% |
| Cambio en Acciones (anual) | | +1.6% | +1.8% | +0.9% | +1.8% | +0.4% | +0.5% | +0.8% | +0.7% | +0.6% |
| Crecimiento FCF (anual) | | -297.6% | +88.2% | -4.3% | -28.0% | -66.4% | +88.4% | -19.1% | -155.6% | -133.6% |
| Margen Bruto | 33.9% | 42.8% | 21.3% | 14.2% | 17.0% | 18.7% | 25.7% | 21.0% | 23.6% | 28.3% |
| Margen Operativo | -3.5% | 17.6% | -21.6% | -25.4% | -46.2% | -28.4% | -7.1% | -20.2% | -9.0% | -6.8% |
| Margen EBITDA | -0.0% | 19.9% | -16.2% | -17.2% | -34.1% | 35.1% | 2.5% | -14.0% | -4.4% | -3.4% |
| Margen Neto | -0.7% | 12.8% | -21.4% | -32.2% | -35.9% | 28.9% | -0.9% | -17.3% | -7.1% | -6.1% |
| Margen FCF | 41.7% | -42.0% | -8.3% | -10.8% | -16.0% | -27.4% | -2.0% | -2.6% | -5.9% | -14.4% |
| Tasa Impositiva Efectiva | 77.2% | 26.9% | 6.8% | -28.8% | 20.1% | 0.6% | -1.8% | 0.3% | -1.3% | -0.2% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $1.39 | $-2.70 | $-0.31 | $-0.32 | $-0.41 | $-0.67 | $-0.08 | $-0.09 | $-0.23 | $-0.54 |
| 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) | $6.3M | $6.4M | $6.5M | $6.6M | $6.7M | $6.7M | $6.7M | $6.8M | $6.8M | $6.9M |
Qué mirar en Industrials
Aeroespacial, defensa, maquinaria, transporte. Semi-cíclicos. Clave: backlog, márgenes operativos, y conversión de FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — El mejor indicador de disciplina operativa en industriales
- ROIC — Industriales de calidad tienen ROIC >15% — el resto destruyen capital
- FCF conversion — FCF / Net Income — en industriales bueno >85%
- Deuda neta / EBITDA — Industriales cíclicos con deuda alta sufren mucho en recesión
- Capex / Ingresos — Mantener la maquinaria. <4% = posible infraversión (deterioro futuro)
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
Rentabilidad
| Rentabilidad sobre capital | 36.49% |
| Rentabilidad sobre capital invertido | -11.63% |
| Rentabilidad sobre activos | 26.01% |
| Margen bruto | 24.73% |
| Margen operativo | -26.47% |
| Margen neto | 62.01% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 11.52 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -366.24 | 14.00 | -4.44 | -3.35 | -3.99 | 5.82 | -165.47 | -7.15 | -15.71 | -13.43 |
| P/VC | 1.59 | 1.82 | 0.63 | 0.71 | 1.00 | 0.95 | 1.26 | 1.15 | 1.18 | 0.86 |
| P/V | 2.60 | 1.80 | 0.95 | 1.08 | 1.43 | 1.68 | 1.44 | 1.25 | 1.12 | 0.82 |
| Margen Bruto | 33.9% | 42.8% | 21.3% | 14.2% | 17.0% | 18.7% | 25.7% | 21.0% | 23.6% | 28.3% |
| Margen Operativo | -3.5% | 17.6% | -21.6% | -25.4% | -46.2% | -28.4% | -7.1% | -20.2% | -9.0% | -6.8% |
| Margen Neto | -0.7% | 12.8% | -21.4% | -32.2% | -35.9% | 28.9% | -0.9% | -17.3% | -7.1% | -6.1% |