Demonstrações financeiras detalhadas de CB Financial Services, Inc. (CBFV): 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
CB Financial Services, Inc. registou receitas de $68.6M no último exercício, com um CAGR de 5 anos de 4.7%.
Margens dos últimos 12 meses: margem bruta 65.1%, margem operacional 10.9%, margem líquida 9.9%. O fluxo de caixa livre cresceu a CAGR de 4.5% em 5 anos.
Ao preço atual de $37.21, CBFV negocia a um P/L de 26.02 e um ROE de 4.57%. A capitalização de mercado é de $189M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $38.4M | $39.3M | $50.8M | $57.7M | $54.5M | $50.1M | $54.7M | $60.0M | $79.2M | $68.6M |
| Custo da Receita | $4.9M | $5.2M | $8.5M | $8.6M | $9.6M | $2.3M | $8.6M | $17.2M | $30.6M | $25.8M |
| Lucro Bruto | $33.5M | $34.0M | $42.3M | $49.1M | $44.9M | $47.8M | $46.2M | $42.9M | $48.6M | $42.9M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $14.2M | $15.0M | $19.4M | $22.3M | $23.4M | $21.9M | $19.9M | $23.4M | $20.3M | $1.6M |
| Despesas Operacionais | $22.8M | $24.2M | $33.7M | $33.1M | $54.3M | $33.1M | $32.1M | $12.6M | $33.2M | $37.6M |
| Lucro Operacional | $10.7M | $9.8M | $8.6M | $16.1M | -$9.4M | $14.7M | $14.1M | $30.3M | $15.3M | $5.3M |
| EBITDA | $13.8M | $12.3M | $11.6M | $19.8M | -$6.1M | $17.1M | $16.8M | $33.0M | $17.8M | $7.1M |
| Despesas com Juros | $2.9M | $3.4M | $5.9M | $7.9M | $5.6M | $3.4M | $4.8M | $17.7M | $30.1M | $25.2M |
| Lucro Antes de Impostos | $10.7M | $9.8M | $8.6M | $16.1M | -$9.4M | $14.7M | $14.1M | $30.3M | $15.3M | $5.3M |
| Imposto | $3.1M | $2.9M | $1.5M | $1.7M | $1.2M | $3.1M | $2.8M | $7.7M | $2.7M | $397000 |
| Lucro Líquido | $7.6M | $6.9M | $7.1M | $14.3M | -$10.6M | $11.6M | $11.2M | $22.6M | $12.6M | $4.9M |
| LPA | $1.86 | $1.70 | $1.42 | $2.64 | $-1.97 | $2.15 | $2.19 | $4.41 | $2.45 | $0.97 |
| LPA Diluído | $1.86 | $1.69 | $1.40 | $2.63 | $-1.97 | $2.15 | $2.18 | $4.40 | $2.38 | $0.92 |
| Ações em Circulação (Diluídas) | $4.1M | $4.1M | $5.0M | $5.4M | $5.4M | $5.4M | $5.1M | $5.1M | $5.3M | $5.3M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $8.7M | $21.7M | $20.6M | $21.9M |
| Lucro Bruto | $2.2M | $15.1M | $14.6M | $15.5M |
| Lucro Operacional | -$7.0M | $5.3M | $4.6M | $5.1M |
| EBITDA | -$6.6M | $5.7M | $5.0M | $5.1M |
| Lucro Líquido | -$5.7M | $4.7M | $3.9M | $4.3M |
| LPA | $-1.14 | $0.95 | $0.77 | $0.85 |
| LPA Diluído | $-1.14 | $0.89 | $0.73 | $0.80 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $14.3M | $20.6M | $53.4M | $80.2M | $160.9M | $119.7M | $103.7M | $68.2M | $49.6M | $31.7M |
| Investimentos de Curto Prazo | $106.2M | $123.6M | $225.4M | $194.7M | $142.9M | $222.1M | $187.4M | $204.5M | $259.5M | 0 |
| Contas a Receber | $9.9M | $10.6M | $13.9M | $15.8M | $15.2M | $12.9M | $21.1M | 0 | 0 | 0 |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $130.4M | $154.8M | $292.7M | $290.7M | $319.0M | $354.6M | $312.2M | $272.7M | $309.1M | $31.7M |
| Imobilizado | $14.1M | $16.7M | $23.4M | $22.3M | $20.3M | $18.4M | $17.8M | $19.7M | $20.7M | $19.6M |
| Ágio | $5.0M | $5.0M | $28.4M | $28.4M | $9.7M | $9.7M | $9.7M | $9.7M | $9.7M | $9.7M |
| Ativos Intangíveis | $3.8M | $3.3M | $10.9M | $10.5M | $8.4M | $5.3M | $3.5M | $958000 | 0 | 0 |
| Ativos Totais | $846.1M | $934.5M | $1.28B | $1.32B | $1.42B | $1.43B | $1.41B | $1.46B | $1.48B | $1.55B |
| Contas a Pagar | $3.4M | $3.8M | $6.4M | $7.5M | $8.6M | $8.9M | $7.6M | 0 | 0 | 0 |
| Dívida de Curto Prazo | $54.1M | $39.6M | $62.0M | $36.6M | $43.1M | $42.3M | $8.1M | 0 | $20.0M | $20.0M |
| Passivos Circulantes | $755.6M | $816.7M | $1.16B | $1.16B | $1.28B | $1.28B | $1.28B | $1.27B | $1.30B | $1.36B |
| Dívida de Longo Prazo | $28.0M | $24.5M | $20.0M | $8.0M | $6.0M | $14.6M | $14.6M | $34.7M | $14.7M | $14.8M |
| Passivos Totais | $756.6M | $841.2M | $1.14B | $1.17B | $1.28B | $1.29B | $1.30B | $1.32B | $1.33B | $1.39B |
| Reservas | $51.7M | $55.3M | $57.8M | $67.0M | $51.1M | $57.5M | $63.9M | $83.4M | $90.9M | $90.6M |
| Patrimônio Líquido | $89.5M | $93.3M | $137.6M | $151.1M | $134.5M | $133.1M | $110.2M | $139.8M | $147.4M | $157.5M |
| Dívida Total | $82.1M | $64.1M | $82.0M | $44.6M | $49.1M | $56.9M | $22.7M | $34.7M | $34.7M | $34.8M |
| Dívida Líquida | -$38.4M | -$80.1M | -$196.8M | -$230.3M | -$254.8M | -$284.9M | -$268.4M | -$238.1M | -$274.4M | $3.1M |
| Capital de Giro | -$625.2M | -$661.9M | -$862.4M | -$871.7M | -$957.2M | -$923.1M | -$971.9M | -$994.4M | -$994.4M | -$1.33B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $55.9M | $31.7M | $55.5M | $76.1M |
| Ativos Totais | $1.55B | $1.55B | $1.58B | $1.66B |
| Passivos Totais | $1.39B | $1.39B | $1.42B | $1.49B |
| Patrimônio Líquido | $152.5M | $157.5M | $158.8M | $162.1M |
| Dívida Total | $34.7M | $34.8M | $37.8M | $99.8M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $7.6M | $6.9M | $7.1M | $14.3M | -$10.6M | $11.6M | $11.2M | $22.6M | $12.6M | $4.9M |
| Depreciação e Amortização | $3.1M | $2.5M | $3.0M | $3.7M | $3.3M | $2.4M | $2.7M | $2.7M | $2.4M | $1.8M |
| Compensação em Ações | $353000 | $361000 | $482000 | $323000 | $498000 | $566000 | $600000 | $1.1M | $812000 | $796000 |
| Variação Capital de Giro | -$342000 | -$778000 | -$842000 | $329000 | -$1.9M | $1.9M | -$234000 | $4.7M | -$3.5M | -$3.4M |
| Fluxo de Caixa Operacional | $10.6M | $11.6M | $13.7M | $17.9M | $14.1M | $13.1M | $14.2M | $14.2M | $6.8M | $17.8M |
| CapEx | -$2.5M | -$3.8M | -$5.3M | -$948000 | -$322000 | -$2.4M | -$509000 | -$3.3M | -$3.3M | -$650000 |
| Aquisições | 0 | 0 | $20.6M | 0 | 0 | 0 | 0 | $27.0M | 0 | 0 |
| Recompra de Ações | -$14000 | -$10000 | -$317000 | -$71000 | -$1.9M | -$4.1M | -$4.8M | -$843000 | -$965000 | -$6.8M |
| Dividendos Pagos | -$3.6M | -$3.6M | -$4.5M | -$5.2M | -$5.2M | -$5.2M | -$4.9M | -$5.1M | -$5.1M | -$5.1M |
| Fluxo de Caixa Livre | $8.0M | $7.8M | $8.3M | $16.9M | $13.8M | $10.7M | $13.6M | $10.9M | $3.4M | $17.2M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $4.6M | $4.9M | $3.0M | $7.4M |
| CapEx | -$104000 | -$188000 | -$202000 | -$66000 |
| Fluxo de Caixa Livre | $4.5M | $4.7M | $2.8M | $7.3M |
| Dividendos Pagos | -$1.3M | -$1.3M | -$1.4M | -$1.4M |
| Compensação em Ações | $194000 | $175000 | $212000 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +2.2% | +29.3% | +13.6% | -5.6% | -8.1% | +9.4% | +9.7% | +31.9% | -13.3% |
| Crescimento Lucro Líquido (anual) | | -8.4% | +1.6% | +103.2% | -174.3% | +208.7% | -2.8% | +100.5% | -44.2% | -61.1% |
| Crescimento LPA (anual) | | -8.6% | -16.5% | +85.9% | -174.6% | +209.1% | +1.9% | +101.4% | -44.4% | -60.4% |
| Variação de Ações (anual) | | +0.6% | +22.4% | +8.3% | -0.8% | -0.3% | -4.5% | -0.5% | +3.5% | +0.1% |
| Crescimento FCF (anual) | | -3.4% | +7.4% | +103.1% | -18.7% | -22.4% | +27.9% | -19.8% | -68.6% | +399.5% |
| Margem Bruta | 87.2% | 86.7% | 83.3% | 85.1% | 82.4% | 95.4% | 84.4% | 71.4% | 61.3% | 62.5% |
| Margem Operacional | 27.8% | 25.0% | 16.9% | 27.8% | -17.2% | 29.4% | 25.7% | 50.4% | 19.4% | 7.7% |
| Margem EBITDA | 35.9% | 31.4% | 22.9% | 34.3% | -11.1% | 34.2% | 30.7% | 55.0% | 22.4% | 10.4% |
| Margem Líquida | 19.7% | 17.7% | 13.9% | 24.8% | -19.5% | 23.1% | 20.5% | 37.6% | 15.9% | 7.1% |
| Margem FCF | 20.9% | 19.7% | 16.4% | 29.3% | 25.2% | 21.3% | 24.9% | 18.2% | 4.3% | 25.0% |
| Taxa Efetiva de Imposto | 29.1% | 29.3% | 17.9% | 10.8% | -13.3% | 21.3% | 20.1% | 25.5% | 17.9% | 7.5% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.97 | $1.89 | $1.66 | $3.11 | $2.54 | $1.98 | $2.65 | $2.14 | $0.65 | $3.23 |
| Dividendo por Ação | $0.88 | $0.88 | $0.90 | $0.96 | $0.96 | $0.96 | $0.96 | $1.00 | $0.97 | $0.97 |
| Ações em Circulação (Básicas) | $4.1M | $4.1M | $5.0M | $5.4M | $5.4M | $5.4M | $5.1M | $5.1M | $5.1M | $5.0M |
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 | 4.57% |
| Retorno sobre capital investido | 0.44% |
| Retorno sobre ativos | 0.44% |
| Margem bruta | 65.06% |
| Margem operacional | 10.89% |
| Margem líquida | 9.91% |
Saúde financeira
| Dívida / Patrimônio | 0.62 |
| Liquidez corrente | 1.17 |
| Piotroski F-Score | 6 |
| Altman Z-Score | -0.82 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 13.90 | 17.65 | 17.45 | 11.42 | -10.16 | 11.20 | 9.79 | 5.40 | 11.67 | 35.94 |
| P/VP | 1.18 | 1.32 | 0.90 | 1.08 | 0.80 | 0.97 | 1.00 | 0.87 | 1.00 | 1.11 |
| P/V | 2.74 | 3.12 | 2.43 | 2.84 | 1.99 | 2.59 | 2.01 | 2.03 | 1.85 | 2.56 |
| Margem Bruta | 87.2% | 86.7% | 83.3% | 85.1% | 82.4% | 95.4% | 84.4% | 71.4% | 61.3% | 62.5% |
| Margem Operacional | 27.8% | 25.0% | 16.9% | 27.8% | -17.2% | 29.4% | 25.7% | 50.4% | 19.4% | 7.7% |
| Margem Líquida | 19.7% | 17.7% | 13.9% | 24.8% | -19.5% | 23.1% | 20.5% | 37.6% | 15.9% | 7.1% |