Demonstrações financeiras detalhadas de Benchmark Electronics, Inc. (BHE): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Benchmark Electronics, Inc. registou receitas de $2.66B no último exercício, com um CAGR de 5 anos de 5.3%. O lucro líquido atingiu $24.9M, com CAGR de 5 anos de 12.1%.
Margens dos últimos 12 meses: margem bruta 10.2%, margem operacional 4.2%, margem líquida 1.9%. O fluxo de caixa livre cresceu a CAGR de 1.1% em 5 anos.
Ao preço atual de $74.00, BHE negocia a um P/L de 50.41 e um ROE de 2.26%. A capitalização de mercado é de $2.7B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Receita | $2.31B | $2.47B | $2.57B | $2.27B | $2.05B | $2.26B | $2.89B | $2.84B | $2.66B | $2.66B |
| Custo da Receita | $2.10B | $2.24B | $2.35B | $2.08B | $1.88B | $2.05B | $2.63B | $2.57B | $2.39B | $2.39B |
| Lucro Bruto | $213.5M | $227.7M | $220.6M | $185.5M | $175.0M | $205.9M | $255.2M | $271.1M | $270.0M | $264.9M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $113.4M | $130.4M | $143.2M | $126.7M | $122.2M | $136.7M | $150.2M | $147.0M | $149.5M | $159.7M |
| Despesas Operacionais | $125.3M | $140.5M | $152.7M | $157.0M | $149.9M | $152.8M | $165.2M | $161.4M | $160.6M | $159.7M |
| Lucro Operacional | $75.6M | $78.6M | $58.5M | $28.5M | $25.1M | $53.1M | $90.1M | $109.7M | $109.4M | $105.3M |
| EBITDA | $131.9M | $128.2M | $115.1M | $82.4M | $74.4M | $98.0M | $141.5M | $158.5M | $157.0M | $128.6M |
| Despesas com Juros | $9.3M | $9.4M | $10.5M | $6.7M | $8.4M | $8.5M | $12.9M | $31.9M | $26.9M | $20.2M |
| Lucro Antes de Impostos | $68.2M | $72.8M | $55.5M | $27.3M | $17.3M | $45.4M | $84.3M | $81.2M | $83.9M | $61.5M |
| Imposto | $4.1M | $104.7M | $32.7M | $3.8M | $3.2M | $9.6M | $16.1M | $16.9M | $20.6M | $36.7M |
| Lucro Líquido | $64.0M | -$32.0M | $22.8M | $23.4M | $14.1M | $35.8M | $68.2M | $64.3M | $63.3M | $24.9M |
| LPA | $1.30 | $-0.64 | $0.49 | $0.61 | $0.38 | $1.00 | $1.94 | $1.81 | $1.76 | $0.69 |
| LPA Diluído | $1.29 | $-0.64 | $0.49 | $0.60 | $0.38 | $0.99 | $1.91 | $1.79 | $1.72 | $0.68 |
| Ações em Circulação (Diluídas) | $49.8M | $49.7M | $46.7M | $38.8M | $36.8M | $36.1M | $35.7M | $36.0M | $36.8M | $36.3M |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caixa e Equivalentes | $681.4M | $742.5M | $458.1M | $347.6M | $390.8M | $271.7M | $207.4M | $277.4M | $315.2M | $322.1M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $440.8M | $583.2M | $608.4M | $486.6M | $452.5M | $511.5M | $675.6M | $624.4M | $580.0M | $574.0M |
| Estoque | $381.3M | $397.2M | $310.0M | $315.0M | $327.4M | $523.2M | $727.7M | $683.8M | $553.7M | $482.5M |
| Ativos Circulantes | $1.53B | $1.62B | $1.40B | $1.20B | $1.20B | $1.35B | $1.65B | $1.64B | $1.50B | $1.45B |
| Imobilizado | $166.1M | $186.5M | $211.0M | $282.7M | $265.2M | $285.8M | $304.6M | $358.5M | $343.1M | $326.4M |
| Ágio | $191.6M | $191.6M | $192.1M | $192.1M | $192.1M | $192.1M | $192.1M | $192.1M | $192.1M | $192.1M |
| Ativos Intangíveis | $96.3M | $90.9M | $84.1M | $75.8M | $70.0M | $64.2M | $58.2M | $51.0M | $44.4M | $38.8M |
| Ativos Totais | $2.00B | $2.10B | $1.90B | $1.76B | $1.74B | $1.90B | $2.23B | $2.27B | $2.14B | $2.07B |
| Contas a Pagar | $326.2M | $362.7M | $422.1M | $303.0M | $282.2M | $426.6M | $424.3M | $367.5M | $354.2M | $403.2M |
| Dívida de Curto Prazo | $12.4M | $18.3M | $6.8M | $8.8M | $9.2M | $985000 | $4.3M | $4.3M | $6.7M | $3.8M |
| Passivos Circulantes | $412.4M | $478.3M | $537.2M | $459.2M | $481.1M | $654.4M | $749.1M | $713.5M | $649.1M | $635.6M |
| Dívida de Longo Prazo | $211.3M | $187.3M | $147.3M | $138.9M | $131.1M | $129.3M | $320.7M | $326.7M | $250.5M | $206.8M |
| Passivos Totais | $633.2M | $768.5M | $767.6M | $745.0M | $754.6M | $930.1M | $1.20B | $1.20B | $1.03B | $971.9M |
| Reservas | $748.6M | $697.9M | $584.3M | $515.9M | $492.2M | $480.0M | $519.9M | $560.5M | $596.0M | $568.2M |
| Patrimônio Líquido | $1.37B | $1.33B | $1.13B | $1.01B | $989.6M | $973.8M | $1.03B | $1.08B | $1.11B | $1.10B |
| Dívida Total | $231.7M | $211.7M | $154.1M | $215.6M | $212.3M | $221.2M | $411.6M | $454.3M | $366.2M | $309.3M |
| Dívida Líquida | -$449.7M | -$530.9M | -$304.0M | -$131.9M | -$178.5M | -$50.6M | $204.2M | $177.0M | $51.0M | -$12.8M |
| Capital de Giro | $1.12B | $1.14B | $866.4M | $735.8M | $721.2M | $693.8M | $903.0M | $922.2M | $855.1M | $812.6M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Lucro Líquido | $64.0M | -$32.0M | $22.8M | $23.4M | $14.1M | $35.8M | $68.2M | $64.3M | $64.3M | $24.9M |
| Depreciação e Amortização | $55.1M | $48.7M | $51.8M | $48.0M | $48.8M | $44.2M | $43.8M | $45.4M | $45.6M | $47.6M |
| Compensação em Ações | $5.3M | $7.8M | $10.1M | 0 | $10.4M | $15.3M | 0 | $15.3M | $13.4M | $17.2M |
| Variação Capital de Giro | $148.0M | $121.3M | -$8.1M | $9.0M | $45.5M | -$95.4M | -$301.0M | $62.0M | $71.6M | $31.2M |
| Fluxo de Caixa Operacional | $272.5M | $145.8M | $76.7M | $93.1M | $120.4M | -$2.6M | -$177.5M | $174.3M | $189.2M | $124.0M |
| CapEx | -$32.3M | -$54.5M | -$66.7M | -$32.6M | -$39.5M | -$42.2M | -$43.4M | -$77.7M | -$33.3M | -$38.5M |
| Aquisições | $10.8M | $280000 | -$2.7M | $259000 | $4.7M | 0 | $5.7M | 0 | 0 | $5.1M |
| Recompra de Ações | -$41.9M | -$29.3M | -$211.9M | -$122.1M | -$25.2M | -$40.2M | -$9.4M | 0 | -$5.1M | -$26.8M |
| Dividendos Pagos | 0 | 0 | -$21.0M | -$23.3M | -$23.0M | -$23.3M | -$23.2M | -$23.5M | -$23.9M | -$24.4M |
| Fluxo de Caixa Livre | $240.2M | $91.3M | $10.0M | $60.6M | $80.9M | -$44.8M | -$220.8M | $96.6M | $156.0M | $85.4M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crescimento Receita (anual) | +6.8% | +4.0% | -11.6% | -9.5% | +9.8% | +28.0% | -1.6% | -6.4% | +0.1% | |
| Crescimento Lucro Líquido (anual) | -149.9% | +171.4% | +2.7% | -40.0% | +154.5% | +90.7% | -5.7% | -1.5% | -60.8% | |
| Crescimento LPA (anual) | -149.2% | +176.6% | +24.5% | -37.7% | +163.2% | +94.0% | -6.7% | -2.8% | -60.8% | |
| Variação de Ações (anual) | -0.3% | -6.1% | -16.9% | -5.0% | -1.9% | -1.1% | +0.7% | +2.2% | -1.2% | |
| Crescimento FCF (anual) | -62.0% | -89.1% | +508.3% | +33.6% | -155.4% | -392.9% | +143.7% | +61.5% | -45.2% | |
| Margem Bruta | 9.2% | 9.2% | 8.6% | 8.2% | 8.5% | 9.1% | 8.8% | 9.5% | 10.2% | 10.0% |
| Margem Operacional | 3.3% | 3.2% | 2.3% | 1.3% | 1.2% | 2.4% | 3.1% | 3.9% | 4.1% | 4.0% |
| Margem EBITDA | 5.7% | 5.2% | 4.5% | 3.6% | 3.6% | 4.3% | 4.9% | 5.6% | 5.9% | 4.8% |
| Margem Líquida | 2.8% | -1.3% | 0.9% | 1.0% | 0.7% | 1.6% | 2.4% | 2.3% | 2.4% | 0.9% |
| Margem FCF | 10.4% | 3.7% | 0.4% | 2.7% | 3.9% | -2.0% | -7.7% | 3.4% | 5.9% | 3.2% |
| Taxa Efetiva de Imposto | 6.1% | 143.9% | 58.9% | 14.1% | 18.7% | 21.2% | 19.1% | 20.8% | 24.5% | 59.6% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF por Ação | $4.82 | $1.84 | $0.21 | $1.56 | $2.20 | $-1.24 | $-6.18 | $2.68 | $4.24 | $2.35 |
| Dividendo por Ação | $0.00 | $0.00 | $0.45 | $0.60 | $0.63 | $0.64 | $0.65 | $0.65 | $0.65 | $0.67 |
| Ações em Circulação (Básicas) | $49.3M | $49.7M | $46.3M | $38.3M | $36.5M | $35.7M | $35.2M | $35.6M | $36.0M | $35.9M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 2.26% |
| Retorno sobre capital investido | 2.95% |
| Retorno sobre ativos | 1.20% |
| Margem bruta | 10.23% |
| Margem operacional | 4.21% |
| Margem líquida | 1.89% |
Saúde financeira
| Dívida / Patrimônio | 0.25 |
| Liquidez corrente | 1.99 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 3.25 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/L | 23.46 | -45.47 | 43.22 | 56.33 | 71.08 | 27.10 | 13.76 | 15.27 | 25.80 | 61.97 |
| P/VP | 1.10 | 1.09 | 0.87 | 1.30 | 1.00 | 0.99 | 0.91 | 0.91 | 1.47 | 1.39 |
| P/V | 0.65 | 0.59 | 0.38 | 0.58 | 0.48 | 0.43 | 0.33 | 0.35 | 0.61 | 0.58 |
| Margem Bruta | 9.2% | 9.2% | 8.6% | 8.2% | 8.5% | 9.1% | 8.8% | 9.5% | 10.2% | 10.0% |
| Margem Operacional | 3.3% | 3.2% | 2.3% | 1.3% | 1.2% | 2.4% | 3.1% | 3.9% | 4.1% | 4.0% |
| Margem Líquida | 2.8% | -1.3% | 0.9% | 1.0% | 0.7% | 1.6% | 2.4% | 2.3% | 2.4% | 0.9% |
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Explorar setor: Technology · Hardware, Equipment & Parts
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