Demonstrações financeiras detalhadas de BV Financial, Inc. (BVFL): 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
BV Financial, Inc. registou receitas de $52.4M no último exercício, com um CAGR de 5 anos de 21.4%. O lucro líquido atingiu $13.5M, com CAGR de 5 anos de 12.0%.
Margens dos últimos 12 meses: margem bruta 79.0%, margem operacional 32.0%, margem líquida 25.3%. O fluxo de caixa livre cresceu a CAGR de 32.2% em 5 anos.
Ao preço atual de $20.93, BVFL negocia a um P/L de 14.04 e um ROE de 7.07%. A capitalização de mercado é de $181M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $7.3M | $7.3M | $7.2M | $12.7M | $19.9M | $31.7M | $38.8M | $47.0M | $49.2M | $52.4M |
| Custo da Receita | 0 | $1.2M | $893000 | $1.9M | $3.6M | $4.3M | $4.5M | $9.1M | $11.3M | $12.3M |
| Lucro Bruto | $7.3M | $6.1M | $6.3M | $10.8M | $16.3M | $27.4M | $34.3M | $37.8M | $37.9M | $40.2M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | 0 | $2.8M | $2.9M | $4.7M | $6.1M | $8.1M | $10.4M | $12.6M | $14.4M | $12.5M |
| Despesas Operacionais | $2.0M | $5.1M | $5.1M | $7.5M | $7.3M | $14.6M | $19.7M | $19.2M | $21.5M | $23.2M |
| Lucro Operacional | 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 |
| Despesas com Juros | $46000 | $784000 | $779000 | $1.7M | $2.9M | $3.7M | $3.4M | $9.2M | $11.5M | $12.8M |
| Lucro Antes de Impostos | -$221000 | $1.0M | $1.2M | $3.3M | $9.0M | $12.8M | $14.6M | $18.6M | $16.4M | $18.9M |
| Imposto | -$101000 | $372000 | $1.1M | $865000 | $1.3M | $3.4M | $4.0M | $4.9M | $4.7M | $5.4M |
| Lucro Líquido | -$120000 | $653000 | $91000 | $2.5M | $7.6M | $9.4M | $10.5M | $13.7M | $11.7M | $13.5M |
| LPA | $-0.04 | $0.22 | $0.03 | $0.38 | $1.08 | $1.33 | $1.32 | $1.47 | $1.10 | $1.44 |
| LPA Diluído | $-0.04 | $0.22 | $0.03 | $0.38 | $1.07 | $1.32 | $1.32 | $1.47 | $1.10 | $1.43 |
| Ações em Circulação (Diluídas) | $3.0M | $3.0M | $3.0M | $6.5M | $7.1M | $7.1M | $8.0M | $9.3M | $10.7M | $8.6M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $13.2M | $13.8M | $12.1M | $12.7M |
| Lucro Bruto | $11.1M | $10.5M | $9.1M | $10.2M |
| Lucro Operacional | $5.2M | $5.2M | $1.5M | $4.7M |
| EBITDA | $5.4M | $5.2M | $1.6M | $4.7M |
| Lucro Líquido | $3.7M | $4.8M | $1.1M | $3.5M |
| LPA | $0.41 | $0.57 | $0.13 | $0.41 |
| LPA Diluído | $0.38 | $0.56 | $0.13 | $0.41 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | -$8.2M | $10.1M | $10.5M | $24.2M | $92.0M | $111.2M | $68.7M | $73.7M | $70.5M | $55.7M |
| Investimentos de Curto Prazo | 0 | $13.0M | $13.1M | $8.3M | $32.5M | $37.8M | $33.0M | $34.8M | $26.4M | $25.1M |
| Contas a Receber | 0 | $574000 | $498000 | $992000 | $2.9M | $2.6M | $3.0M | $3.3M | $3.2M | $3.1M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $14.4M | $23.6M | $24.0M | $33.6M | $127.4M | $151.6M | $104.6M | $111.8M | $100.1M | $84.0M |
| Imobilizado | $4.6M | $4.3M | $4.1M | $5.8M | $15.5M | $15.1M | $15.2M | $14.2M | $13.2M | $12.5M |
| Ágio | $120000 | $120000 | $120000 | $1.1M | $12.8M | $14.4M | $14.4M | $14.4M | $14.4M | $14.4M |
| Ativos Intangíveis | 0 | $28000 | $23000 | $1.2M | $1.5M | $1.3M | $1.2M | $1.0M | $831000 | $651000 |
| Ativos Totais | $169.3M | $171.2M | $167.3M | $294.9M | $817.5M | $815.1M | $845.0M | $885.3M | $911.8M | $912.2M |
| Contas a Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | 0 | 0 | 0 | $3.0M | $3.0M | 0 | $171000 | 0 | 0 | 0 |
| Passivos Circulantes | $50.0M | $142.6M | $138.7M | $220.8M | $678.1M | $680.0M | $684.6M | $634.1M | $651.5M | $676.1M |
| Dívida de Longo Prazo | $3.1M | $3.1M | $3.0M | $3.0M | $51.7M | $36.8M | $49.0M | $37.3M | $49.9M | $35.0M |
| Passivos Totais | $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 |
| Patrimônio Líquido | $21.0M | $21.6M | $21.6M | $66.0M | $74.0M | $83.4M | $97.8M | $199.1M | $195.5M | $183.8M |
| Dívida Total | $3.1M | $3.1M | $3.0M | $6.0M | $54.7M | $36.8M | $49.0M | $37.3M | $49.9M | $35.0M |
| Dívida Líquida | $11.3M | -$20.0M | -$20.5M | -$26.6M | -$69.8M | -$112.2M | -$52.6M | -$71.3M | -$47.1M | -$45.8M |
| Capital de Giro | -$35.7M | -$119.0M | -$114.6M | -$187.3M | -$550.7M | -$528.5M | -$580.0M | -$522.3M | -$551.4M | -$592.1M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $63.5M | $55.7M | $74.6M | $8.7M |
| Ativos Totais | $909.4M | $912.2M | $910.9M | $878.0M |
| Passivos Totais | $719.2M | $728.4M | $727.2M | $694.8M |
| Patrimônio Líquido | $190.2M | $183.8M | $183.6M | $183.2M |
| Dívida Total | $35.0M | $35.0M | $35.0M | $633000 |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$120000 | $653000 | $91000 | $2.5M | $7.6M | $9.4M | $10.5M | $13.7M | $11.7M | $13.5M |
| Depreciação e Amortização | $241000 | $235000 | $212000 | $399000 | $696000 | $1.0M | $1.0M | $1.1M | $1.0M | $813000 |
| Compensação em Ações | 0 | $56000 | $72000 | $80000 | $9000 | $404000 | $258000 | $868000 | $2.1M | $4.3M |
| Variação Capital de Giro | -$118000 | -$277000 | $314000 | -$2.4M | -$153000 | $2.2M | $158000 | $1.1M | $829000 | $1.8M |
| Fluxo de Caixa Operacional | $1.1M | $1.6M | $1.9M | $1.2M | $5.0M | $10.6M | $9.7M | $15.2M | $16.1M | $19.0M |
| CapEx | -$82000 | -$102000 | -$36000 | -$473000 | -$375000 | -$415000 | -$502000 | -$155000 | -$611000 | -$237000 |
| Aquisições | 0 | 0 | 0 | $19.3M | $136.0M | 0 | $8.5M | 0 | $7000 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$17.7M | -$30.0M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $972000 | $1.5M | $1.9M | $684000 | $4.6M | $10.2M | $9.2M | $15.0M | $15.5M | $18.8M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $8.4M | $3.4M | $3.7M | $4.4M |
| CapEx | -$13000 | $132000 | -$7000 | $7000 |
| Fluxo de Caixa Livre | $8.4M | $3.6M | $3.7M | $4.4M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $1.1M | $722000 | $740000 | $650000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +0.6% | -1.7% | +76.3% | +57.1% | +59.7% | +22.1% | +21.2% | +4.7% | +6.6% |
| Crescimento Lucro Líquido (anual) | | +644.2% | -86.1% | +2617.6% | +209.1% | +23.5% | +11.5% | +30.2% | -14.5% | +15.1% |
| Crescimento LPA (anual) | | +645.9% | -86.4% | +1166.7% | +184.2% | +23.1% | -0.8% | +11.4% | -25.2% | +30.9% |
| Variação de Ações (anual) | | +0.4% | +0.2% | +115.8% | +10.3% | +0.2% | +11.7% | +17.0% | +14.3% | -19.5% |
| Crescimento FCF (anual) | | +53.6% | +24.7% | -63.3% | +579.7% | +118.6% | -9.3% | +63.2% | +2.7% | +21.6% |
| Margem Bruta | 100.0% | 83.8% | 87.6% | 85.4% | 81.9% | 86.4% | 88.5% | 80.5% | 77.0% | 76.6% |
| Margem Operacional | 0.0% | 14.0% | 16.4% | 26.4% | 45.2% | 40.4% | 37.5% | 39.6% | 33.3% | 32.4% |
| Margem EBITDA | 3.3% | 17.3% | 19.4% | 29.5% | 48.7% | 43.6% | 40.2% | 41.9% | 35.4% | 33.5% |
| Margem Líquida | -1.7% | 8.9% | 1.3% | 19.5% | 38.5% | 29.7% | 27.1% | 29.2% | 23.8% | 25.7% |
| Margem FCF | 13.4% | 20.5% | 25.9% | 5.4% | 23.4% | 32.0% | 23.8% | 32.0% | 31.4% | 35.8% |
| Taxa Efetiva de Imposto | 45.7% | 36.3% | 92.3% | 25.9% | 15.0% | 26.4% | 27.7% | 26.4% | 28.5% | 28.5% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.33 | $0.50 | $0.62 | $0.11 | $0.65 | $1.42 | $1.16 | $1.61 | $1.45 | $2.19 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $3.0M | $3.0M | $3.0M | $6.4M | $7.1M | $7.1M | $8.0M | $9.3M | $10.7M | $8.4M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 7.07% |
| Retorno sobre capital investido | 1.30% |
| Retorno sobre ativos | 1.49% |
| Margem bruta | 79.03% |
| Margem operacional | 32.05% |
| Margem líquida | 25.27% |
Saúde financeira
| Dívida / Patrimônio | 0.00 |
| Liquidez corrente | 62.48 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -161.29 | 35.86 | 375.00 | 45.39 | 15.74 | 15.11 | 18.94 | 9.65 | 15.65 | 12.60 |
| P/VP | 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 |
| Margem Bruta | 100.0% | 83.8% | 87.6% | 85.4% | 81.9% | 86.4% | 88.5% | 80.5% | 77.0% | 76.6% |
| Margem Operacional | 0.0% | 14.0% | 16.4% | 26.4% | 45.2% | 40.4% | 37.5% | 39.6% | 33.3% | 32.4% |
| Margem Líquida | -1.7% | 8.9% | 1.3% | 19.5% | 38.5% | 29.7% | 27.1% | 29.2% | 23.8% | 25.7% |