Estados financieros detallados de Ennis, Inc. (EBF): 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
Ennis, Inc. registró ingresos de $392.4M en el último ejercicio fiscal, con un CAGR de 5 años del 1.9%. El beneficio neto alcanzó $42.6M, con un CAGR a 5 años del 12.1%.
Márgenes de los últimos 12 meses: margen bruto 30.8%, margen operativo 13.5%, margen neto 10.8%.
Al precio actual de $21.34, EBF cotiza a un P/E de 12.75 y un ROE del 13.89%. La capitalización bursátil es de $540M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $356.9M | $370.2M | $400.8M | $438.4M | $358.0M | $400.0M | $431.8M | $420.1M | $394.6M | $392.4M |
| Coste de Ventas | $252.9M | $253.3M | $277.4M | $309.5M | $254.2M | $285.3M | $300.8M | $294.8M | $277.3M | $272.0M |
| Beneficio Bruto | $104.0M | $116.9M | $123.4M | $128.9M | $103.8M | $114.7M | $131.1M | $125.3M | $117.3M | $120.4M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $63.9M | $69.5M | $73.5M | $78.2M | $68.3M | $71.4M | $70.8M | $68.8M | $65.4M | 0 |
| Gastos Operativos | $62.8M | $69.6M | $73.3M | $78.1M | $67.9M | $71.1M | $64.9M | $68.8M | $65.4M | $67.7M |
| Beneficio Operativo | $41.9M | $47.8M | $50.1M | $50.8M | $35.9M | $43.6M | $66.2M | $56.5M | $51.9M | $52.7M |
| EBITDA | $53.3M | $61.8M | $67.3M | $70.1M | $51.3M | $60.7M | $77.6M | $74.0M | $68.5M | $75.7M |
| Gastos por Intereses | $613000 | $777000 | $1.2M | $606000 | $11000 | $9000 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | $40.0M | $46.9M | $49.9M | $51.3M | $33.3M | $41.9M | $64.9M | $59.1M | $55.5M | $58.6M |
| Impuestos | $13.6M | $14.2M | $12.5M | $13.0M | $9.2M | $13.0M | $17.6M | $16.5M | $15.2M | $16.0M |
| Beneficio Neto | $1.8M | $32.9M | $37.4M | $38.3M | $24.1M | $29.0M | $47.3M | $42.6M | $40.2M | $42.6M |
| BPA | $1.03 | $1.29 | $1.45 | $1.47 | $0.93 | $1.11 | $1.83 | $1.65 | $1.55 | $1.66 |
| BPA Diluido | $1.03 | $1.29 | $1.45 | $1.47 | $0.93 | $1.11 | $1.82 | $1.64 | $1.54 | $1.66 |
| Acciones en Circulación (Diluidas) | $25.7M | $25.4M | $25.8M | $26.0M | $26.0M | $26.1M | $26.0M | $25.9M | $26.2M | $25.7M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $98.7M | $100.2M | $96.4M | $98.6M |
| Beneficio Bruto | $30.1M | $32.0M | $28.1M | $31.1M |
| Beneficio Operativo | $12.4M | $15.0M | $12.1M | $13.6M |
| EBITDA | $22.5M | $19.2M | $16.3M | $13.6M |
| Beneficio Neto | $13.2M | $10.8M | $8.8M | $9.9M |
| BPA | $0.51 | $0.43 | $0.35 | $0.39 |
| BPA Diluido | $0.51 | $0.42 | $0.35 | $0.39 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $80.5M | $96.2M | $88.4M | $68.3M | $75.2M | $85.6M | $94.0M | $81.6M | $67.0M | $34.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $29.3M | $5.5M | 0 |
| Cuentas por Cobrar | $37.4M | $35.7M | $40.4M | $43.1M | $37.9M | $39.0M | $53.5M | $47.2M | $38.8M | $39.6M |
| Inventario | $28.0M | $26.5M | $35.4M | $34.8M | $32.9M | $38.5M | $46.8M | $40.0M | $38.8M | $54.9M |
| Activos Corrientes | $149.2M | $163.3M | $166.2M | $149.9M | $148.1M | $165.0M | $196.6M | $201.4M | $152.7M | $131.8M |
| Inmovilizado Material | $50.0M | $45.9M | $53.1M | $76.5M | $74.6M | $69.2M | $60.9M | $64.8M | $62.4M | $72.8M |
| Fondo de Comercio | $70.6M | $70.6M | $81.6M | $82.5M | $88.6M | $88.7M | $91.8M | $94.3M | $94.3M | $106.6M |
| Activos Intangibles | $53.9M | $49.3M | $61.3M | $56.6M | $52.7M | $45.6M | $44.1M | $38.3M | $33.3M | $38.8M |
| Activos Totales | $324.3M | $329.4M | $363.1M | $365.7M | $364.4M | $368.8M | $393.8M | $399.2M | $348.9M | $363.2M |
| Cuentas por Pagar | $14.2M | $12.2M | $13.7M | $17.2M | $14.8M | $16.7M | $18.3M | $11.8M | $13.8M | $14.3M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $4.2M |
| Pasivos Corrientes | $30.0M | $29.6M | $31.6M | $38.0M | $35.1M | $37.2M | $41.2M | $33.8M | $33.3M | $35.4M |
| Deuda a Largo | $30.0M | $30.0M | $30.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $72.9M | $67.7M | $74.0M | $71.4M | $63.8M | $65.0M | $62.4M | $49.3M | $47.0M | $54.5M |
| Reservas | $150.7M | $164.2M | $179.0M | $193.8M | $194.4M | $198.0M | $219.5M | $236.2M | $184.4M | $201.2M |
| Patrimonio Neto | $251.4M | $261.7M | $289.1M | $294.3M | $300.5M | $303.8M | $331.4M | $349.8M | $302.0M | $308.7M |
| Deuda Total | $30.0M | $30.0M | $30.0M | $19.9M | $18.9M | $15.3M | $13.0M | $9.6M | $9.5M | $9.2M |
| Deuda Neta | -$50.5M | -$66.2M | -$58.4M | -$48.4M | -$56.3M | -$70.3M | -$81.0M | -$101.3M | -$63.0M | -$25.4M |
| Capital Circulante | $119.3M | $133.8M | $134.5M | $111.9M | $113.0M | $127.8M | $155.4M | $167.6M | $119.4M | $96.4M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $31.9M | $31.3M | $34.6M | $49.1M |
| Activos Totales | $361.8M | $354.3M | $363.2M | $363.5M |
| Pasivos Totales | $56.5M | $49.5M | $54.5M | $52.9M |
| Patrimonio Neto | $305.4M | $304.8M | $308.7M | $310.7M |
| Deuda Total | $11.0M | $10.3M | $9.2M | $8.1M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | $1.8M | $32.9M | $37.4M | $38.3M | $24.1M | $29.0M | $47.3M | $42.6M | $40.2M | $42.6M |
| Amortizaciones | $12.6M | $14.1M | $16.2M | $18.2M | $18.0M | $18.8M | $17.4M | $17.5M | $16.6M | $17.1M |
| Compensación en Acciones | $1.4M | $1.3M | $1.4M | $1.4M | $1.4M | $2.8M | $2.8M | $1.2M | $4.0M | 0 |
| Cambio en Capital Circulante | $1.3M | -$3.3M | -$1.4M | $804000 | $7.6M | -$4.9M | -$14.5M | $8.9M | $7.2M | -$10.4M |
| Flujo de Caja Operativo | $58.9M | $45.3M | $51.3M | $57.2M | $52.8M | $50.7M | $46.8M | $69.1M | $65.9M | $52.7M |
| Inversiones (CapEx) | -$3.1M | -$2.7M | -$4.8M | -$3.4M | -$3.7M | -$6.5M | -$4.3M | -$6.5M | -$5.9M | -$52.7M |
| Adquisiciones | $88.5M | -$1.4M | -$27.4M | -$18.7M | -$19.2M | -$4.3M | -$8.8M | -$19.6M | -$5.8M | -$38.6M |
| Recompra de Acciones | -$8.4M | -$3.3M | -$4.8M | -$2.5M | -$1.2M | -$4.8M | -$1.1M | -$586000 | -$1.8M | -$14.5M |
| Dividendos Pagados | -$57.2M | -$22.3M | -$22.6M | -$23.5M | -$23.5M | -$25.4M | -$25.8M | -$25.9M | -$92.0M | -$25.9M |
| Flujo de Caja Libre | $55.8M | $42.6M | $46.5M | $53.8M | $49.1M | $44.1M | $42.4M | $62.6M | $60.0M | 0 |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $10.5M | $16.4M | $17.9M | $21.2M |
| Inversiones (CapEx) | -$1.4M | -$719000 | -$8.2M | -$352000 |
| Flujo de Caja Libre | $9.0M | $15.7M | $9.7M | $20.9M |
| Dividendos Pagados | -$6.5M | -$6.4M | -$6.4M | -$6.4M |
| Compensación en Acciones | $778000 | $583000 | 0 | $379000 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +3.7% | +8.3% | +9.4% | -18.3% | +11.7% | +8.0% | -2.7% | -6.1% | -0.6% |
| Crecimiento Beneficio Neto (anual) | | +1748.6% | +13.8% | +2.3% | -37.1% | +20.3% | +63.2% | -9.9% | -5.6% | +6.0% |
| Crecimiento BPA (anual) | | +25.2% | +12.4% | +1.4% | -36.7% | +19.4% | +64.9% | -9.8% | -6.1% | +7.1% |
| Cambio en Acciones (anual) | | -1.3% | +1.7% | +0.8% | -0.2% | +0.4% | -0.6% | -0.0% | +0.8% | -1.8% |
| Crecimiento FCF (anual) | | -23.6% | +9.1% | +15.7% | -8.7% | -10.2% | -3.8% | +47.4% | -4.2% | -100.0% |
| Margen Bruto | 29.1% | 31.6% | 30.8% | 29.4% | 29.0% | 28.7% | 30.3% | 29.8% | 29.7% | 30.7% |
| Margen Operativo | 11.7% | 12.9% | 12.5% | 11.6% | 10.0% | 10.9% | 15.3% | 13.4% | 13.2% | 13.4% |
| Margen EBITDA | 14.9% | 16.7% | 16.8% | 16.0% | 14.3% | 15.2% | 18.0% | 17.6% | 17.4% | 19.3% |
| Margen Neto | 0.5% | 8.9% | 9.3% | 8.7% | 6.7% | 7.2% | 11.0% | 10.1% | 10.2% | 10.9% |
| Margen FCF | 15.6% | 11.5% | 11.6% | 12.3% | 13.7% | 11.0% | 9.8% | 14.9% | 15.2% | 0.0% |
| Tasa Impositiva Efectiva | 34.0% | 30.2% | 25.0% | 25.3% | 27.6% | 30.9% | 27.2% | 28.0% | 27.5% | 27.3% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $2.17 | $1.68 | $1.80 | $2.07 | $1.89 | $1.69 | $1.64 | $2.41 | $2.29 | $0.00 |
| Dividendo por Acción | $2.22 | $0.88 | $0.87 | $0.90 | $0.90 | $0.97 | $1.00 | $1.00 | $3.52 | $1.01 |
| Acciones en Circulación (Básicas) | $25.7M | $25.4M | $25.8M | $26.0M | $26.0M | $26.0M | $25.8M | $25.8M | $26.0M | $25.6M |
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 | 13.89% |
| Rentabilidad sobre capital invertido | 11.78% |
| Rentabilidad sobre activos | 11.75% |
| Margen bruto | 30.79% |
| Margen operativo | 13.45% |
| Margen neto | 10.84% |
Salud financiera
| Deuda / Patrimonio | 0.03 |
| Ratio corriente | 3.53 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 8.61 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | 15.87 | 15.12 | 14.62 | 13.67 | 21.92 | 16.92 | 11.89 | 12.32 | 13.68 | 12.72 |
| P/VC | 1.67 | 1.89 | 1.89 | 1.78 | 1.76 | 1.61 | 1.69 | 1.50 | 1.83 | 1.75 |
| P/V | 1.18 | 1.34 | 1.37 | 1.19 | 1.48 | 1.22 | 1.30 | 1.25 | 1.40 | 1.38 |
| Margen Bruto | 29.1% | 31.6% | 30.8% | 29.4% | 29.0% | 28.7% | 30.3% | 29.8% | 29.7% | 30.7% |
| Margen Operativo | 11.7% | 12.9% | 12.5% | 11.6% | 10.0% | 10.9% | 15.3% | 13.4% | 13.2% | 13.4% |
| Margen Neto | 0.5% | 8.9% | 9.3% | 8.7% | 6.7% | 7.2% | 11.0% | 10.1% | 10.2% | 10.9% |