Estados financieros detallados de Eve Holding, Inc. (EVEX): 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 $1.99, EVEX presenta beneficios negativos (P/E no significativo) y un ROE del -221.18%. La capitalización bursátil es de $693M.
Cuenta de Resultados (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Coste de Ventas | $64775 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Bruto | -$64775 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| I+D | $3.7M | $5.9M | 0 | $13.3M | $51.9M | $105.6M | $129.8M | $194.7M |
| Generales y Administrativos | $1.3M | $1.7M | $353539 | $2.5M | $26.7M | $23.1M | $26.5M | $30.7M |
| Gastos Operativos | $5.0M | $7.7M | $353539 | $18.2M | $189.5M | $130.5M | $156.4M | $225.4M |
| Beneficio Operativo | -$5.0M | -$7.7M | -$353539 | -$18.2M | -$189.5M | -$130.5M | -$156.4M | -$225.4M |
| EBITDA | $1371 | 0 | -$16.7M | -$18.1M | -$173.1M | -$125.7M | -$133.7M | -$212.2M |
| Gastos por Intereses | 0 | 0 | 0 | 0 | 0 | $252000 | $3.7M | $10.1M |
| Beneficio Antes de Impuestos | -$5.0M | -$7.7M | -$16.7M | -$18.3M | -$173.1M | -$126.1M | -$137.7M | -$223.2M |
| Impuestos | $1371 | 0 | 0 | 0 | $933000 | $1.6M | $507000 | $1.0M |
| Beneficio Neto | -$5.0M | -$7.7M | -$16.7M | -$18.3M | -$174.0M | -$127.7M | -$138.2M | -$224.3M |
| BPA | $-0.02 | $-0.03 | $-0.04 | $-0.07 | $-0.68 | $-0.46 | $-0.48 | $-0.70 |
| BPA Diluido | $-0.02 | $-0.03 | $-0.04 | $-0.07 | $-0.68 | $-0.46 | $-0.48 | $-0.70 |
| Acciones en Circulación (Diluidas) | $264.3M | $264.3M | $220.0M | $264.3M | $254.1M | $275.8M | $288.5M | $321.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | 0 | 0 | 0 | 0 |
| Beneficio Bruto | 0 | 0 | 0 | 0 |
| Beneficio Operativo | -$51.9M | -$67.0M | -$66.3M | -$37.2M |
| EBITDA | -$42.6M | -$60.8M | -$63.7M | -$31.0M |
| Beneficio Neto | -$46.9M | -$63.9M | -$68.8M | -$34.2M |
| BPA | $-0.14 | $-0.18 | $-0.20 | $-0.10 |
| BPA Diluido | $-0.14 | $-0.18 | $-0.20 | $-0.10 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | 0 | 0 | $14.4M | $49.1M | $46.9M | $56.4M | $103.2M |
| Inversiones a Corto | 0 | 0 | 0 | $178.8M | $111.2M | $247.0M | $280.8M |
| Cuentas por Cobrar | 0 | 0 | $220000 | $82.9M | $83.2M | $472000 | $54000 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $2731 | $49548 | $20.9M | $312.2M | $242.2M | $312.8M | $410.9M |
| Inmovilizado Material | 0 | 0 | 0 | $668000 | $1.1M | $1.7M | $15.6M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $16005 | $23443 | $699753 | 0 | 0 | 0 | 0 |
| Activos Totales | $18736 | $72991 | $21.6M | $312.9M | $245.3M | $318.2M | $434.9M |
| Cuentas por Pagar | $319612 | $846988 | $877641 | $2.1M | $4.6M | $1.1M | $3.8M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | $3.4M |
| Pasivos Corrientes | $452530 | $1.0M | $10.2M | $24.9M | $52.0M | $59.3M | $124.8M |
| Deuda a Largo | 0 | 0 | 0 | 0 | $25.8M | $132.0M | $176.4M |
| Pasivos Totales | $497941 | $1.1M | $10.9M | $26.0M | $80.3M | $194.3M | $311.1M |
| Reservas | 0 | -$46.2M | -$43.0M | -$217.0M | -$344.7M | -$482.8M | -$707.1M |
| Patrimonio Neto | -$479205 | -$1.0M | $10.7M | $286.9M | $165.1M | $123.9M | $123.8M |
| Deuda Total | 0 | 0 | 0 | 0 | $25.8M | $132.0M | $179.8M |
| Deuda Neta | 0 | 0 | -$14.4M | -$227.9M | -$132.3M | -$171.4M | -$204.3M |
| Capital Circulante | -$449799 | -$996718 | $10.7M | $287.3M | $190.2M | $253.5M | $286.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $63.3M | $103.2M | $120.9M | $52.2M |
| Activos Totales | $439.7M | $434.9M | $484.3M | $457.7M |
| Pasivos Totales | $255.6M | $311.1M | $428.2M | $434.9M |
| Patrimonio Neto | $184.1M | $123.8M | $56.1M | $22.8M |
| Deuda Total | $168.1M | $179.8M | $299.2M | $308.9M |
Flujo de Caja (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$5.0M | -$7.7M | -$9.6M | -$18.3M | -$174.0M | -$127.7M | -$138.2M | -$224.3M |
| Amortizaciones | 0 | $10694 | $9056 | $108000 | $25000 | $184000 | $252000 | $930000 |
| Compensación en Acciones | $27607 | 0 | 0 | $150000 | $3.3M | $3.3M | $3.7M | $4.3M |
| Cambio en Capital Circulante | $48832 | $142223 | $588833 | $3.1M | $12.7M | $18.1M | $8.1M | $57.3M |
| Flujo de Caja Operativo | -$4.8M | -$7.5M | -$9.0M | -$14.9M | -$59.5M | -$94.5M | -$136.0M | -$160.4M |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 | -$476000 | -$168000 | -$5.2M | -$14.7M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | -$1.4M | 0 | 0 | 0 |
| Flujo de Caja Libre | -$4.8M | -$7.5M | -$9.0M | -$14.9M | -$59.9M | -$94.7M | -$141.2M | -$175.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$54.0M | -$25.9M | -$68.1M | -$47.2M |
| Inversiones (CapEx) | -$6.7M | -$6.3M | -$526000 | -$1.1M |
| Flujo de Caja Libre | -$60.7M | -$32.2M | -$68.6M | -$48.3M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $86000 | $1.1M | $1.1M | $1.1M |
Crecimiento y Márgenes (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Beneficio Neto (anual) | | -52.4% | -116.8% | -9.6% | -853.3% | +26.6% | -8.2% | -62.3% |
| Crecimiento BPA (anual) | | -55.5% | -22.6% | -89.8% | -884.1% | +32.4% | -4.3% | -45.8% |
| Cambio en Acciones (anual) | | +0.0% | -16.8% | +20.2% | -3.9% | +8.5% | +4.6% | +11.4% |
| Crecimiento FCF (anual) | | -55.7% | -20.4% | -64.9% | -302.6% | -58.0% | -49.1% | -24.1% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% | -0.5% | -1.2% | -0.4% | -0.5% |
Datos por Acción (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.02 | $-0.03 | $-0.04 | $-0.06 | $-0.24 | $-0.34 | $-0.49 | $-0.55 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $264.3M | $264.3M | $220.0M | $264.3M | $254.1M | $275.8M | $288.5M | $321.3M |
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 | -221.18% |
| Rentabilidad sobre capital invertido | -64.50% |
| Rentabilidad sobre activos | -46.71% |
| Margen bruto | 0.00% |
| Margen operativo | 0.00% |
| Margen neto | 0.00% |
Salud financiera
| Deuda / Patrimonio | 13.53 |
| Ratio corriente | 3.48 |
Ratios Clave (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -533.78 | -343.27 | -280.09 | -147.32 | -10.59 | -15.91 | -11.33 | -5.70 |
| P/VC | 0.00 | -5623.73 | -2212.30 | 251.50 | 6.38 | 12.23 | 12.67 | 10.36 |
| P/V | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Margen Bruto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Operativo | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Margen Neto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |