Demonstrações financeiras detalhadas de ChoiceOne Financial Services, Inc. (COFS): 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
ChoiceOne Financial Services, Inc. registou receitas de $192.9M no último exercício, com um CAGR de 5 anos de 19.7%. O lucro líquido atingiu $28.2M, com CAGR de 5 anos de 12.5%.
Margens dos últimos 12 meses: margem bruta 62.3%, margem operacional 19.2%, margem líquida 30.0%. O fluxo de caixa livre cresceu a CAGR de 30.6% em 5 anos.
Ao preço atual de $33.36, COFS negocia a um P/L de 9.07 e um ROE de 11.72%. A capitalização de mercado é de $499M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $28.2M | $28.9M | $31.4M | $41.6M | $78.4M | $83.8M | $89.1M | $113.9M | $139.1M | $192.9M |
| Custo da Receita | $969000 | $2.0M | $2.5M | $4.7M | $8.6M | $4.4M | $8.0M | $33.2M | $47.3M | $80.7M |
| Lucro Bruto | $27.2M | $27.0M | $28.9M | $36.9M | $69.8M | $79.4M | $81.1M | $80.6M | $91.8M | $112.2M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $10.4M | $10.7M | $11.5M | $15.0M | $27.6M | $31.0M | $31.9M | $33.9M | $35.5M | $62.1M |
| Despesas Operacionais | $19.0M | $18.4M | $20.5M | $28.5M | $50.9M | $52.9M | $53.5M | $55.1M | $58.7M | $78.0M |
| Lucro Operacional | $8.3M | $8.6M | $8.5M | $8.5M | $18.9M | $26.5M | $27.7M | $25.6M | $33.1M | $34.2M |
| EBITDA | $10.9M | $11.0M | $10.6M | $11.6M | $26.6M | $38.9M | $41.0M | $38.0M | $45.4M | $54.1M |
| Despesas com Juros | $969000 | $1.5M | $2.5M | $4.7M | $4.6M | $4.0M | $7.7M | $33.1M | $46.7M | $65.9M |
| Lucro Antes de Impostos | $8.3M | $8.6M | $8.5M | $8.5M | $18.9M | $26.5M | $27.7M | $25.6M | $33.1M | $34.2M |
| Imposto | $2.2M | $2.4M | $1.2M | $1.3M | $3.3M | $4.5M | $4.0M | $4.3M | $6.4M | $6.0M |
| Lucro Líquido | $6.1M | $6.2M | $7.3M | $7.2M | $15.6M | $22.0M | $23.6M | $21.3M | $26.7M | $28.2M |
| LPA | $1.68 | $1.70 | $2.02 | $1.58 | $2.08 | $2.87 | $3.15 | $2.82 | $3.27 | $2.02 |
| LPA Diluído | $1.68 | $1.70 | $2.02 | $1.58 | $2.07 | $2.86 | $3.15 | $2.82 | $3.25 | $2.01 |
| Ações em Circulação (Diluídas) | $3.6M | $3.6M | $3.6M | $4.5M | $7.5M | $7.7M | $7.5M | $7.6M | $8.2M | $14.0M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $61.8M | $60.5M | $59.1M | $1.2M |
| Lucro Bruto | $44.5M | $42.1M | $42.5M | -$15.4M |
| Lucro Operacional | $18.3M | $16.8M | $16.7M | -$16.7M |
| EBITDA | $23.8M | $22.1M | $21.6M | -$21.6M |
| Lucro Líquido | $14.7M | $13.9M | $13.7M | $12.5M |
| LPA | $0.98 | $0.92 | $0.91 | $0.83 |
| LPA Diluído | $0.97 | $0.92 | $0.91 | $0.83 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $14.8M | $36.8M | $19.7M | $59.6M | $79.5M | $31.9M | $43.9M | $55.4M | $96.4M | $88.0M |
| Investimentos de Curto Prazo | $174.4M | $155.6M | $166.6M | $339.6M | $574.8M | $1.10B | $529.7M | $514.6M | $479.1M | $134.3M |
| Contas a Receber | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $189.2M | $192.4M | $186.3M | $399.1M | $654.3M | $1.13B | $573.7M | $570.0M | $575.9M | $222.3M |
| Imobilizado | $12.6M | $12.9M | $15.9M | $24.3M | $29.5M | $29.9M | $28.2M | $29.8M | $27.1M | $48.1M |
| Ágio | $13.7M | $13.7M | $13.7M | $52.9M | $60.5M | $59.9M | $59.9M | $59.9M | $59.9M | $129.9M |
| Ativos Intangíveis | 0 | 0 | 0 | $6.0M | $5.3M | $4.0M | $2.8M | $1.9M | $1.1M | $28.0M |
| Ativos Totais | $607.4M | $646.5M | $670.5M | $1.39B | $1.92B | $2.37B | $2.39B | $2.58B | $2.72B | $4.41B |
| Contas a Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | $7.9M | $7.1M | $4.8M | $33.0M | 0 | $50.0M | $50.0M | $20.0M | $155.0M | $245.0M |
| Passivos Circulantes | $520.3M | $547.0M | $581.8M | $1.19B | $1.67B | $2.10B | $2.17B | $2.14B | $2.37B | $3.85B |
| Dívida de Longo Prazo | $12.3M | $20.3M | $5.2M | $198000 | $12.4M | $35.0M | $35.3M | $215.5M | $55.8M | $68.5M |
| Passivos Totais | $535.7M | $570.0M | $590.1M | $1.19B | $1.69B | $2.15B | $2.22B | $2.38B | $2.46B | $3.95B |
| Reservas | $26.0M | $26.0M | $26.7M | $28.1M | $37.5M | $52.3M | $68.4M | $73.7M | $91.4M | $102.6M |
| Patrimônio Líquido | $71.7M | $76.5M | $80.5M | $192.1M | $227.3M | $221.7M | $168.9M | $195.6M | $260.4M | $465.4M |
| Dívida Total | $20.2M | $27.4M | $10.0M | $33.2M | $12.4M | $85.0M | $85.3M | $235.5M | $210.8M | $313.5M |
| Dívida Líquida | -$169.0M | -$165.0M | -$176.3M | -$365.9M | -$641.9M | -$1.05B | -$488.4M | -$334.5M | -$364.8M | $91.2M |
| Capital de Giro | -$331.1M | -$354.6M | -$395.5M | -$788.5M | -$1.02B | -$971.5M | -$1.59B | -$1.57B | -$1.79B | -$3.62B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $99.0M | $88.0M | $83.9M | $88.6M |
| Ativos Totais | $4.30B | $4.41B | $4.39B | $4.46B |
| Passivos Totais | $3.85B | $3.95B | $3.92B | $3.97B |
| Patrimônio Líquido | $449.6M | $465.4M | $470.0M | $482.7M |
| Dívida Total | $246.4M | $313.5M | $233.4M | $343.5M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $6.1M | $6.2M | $7.3M | $7.2M | $15.6M | $22.0M | $23.6M | $21.3M | $26.7M | $28.2M |
| Depreciação e Amortização | $2.6M | $2.5M | $2.1M | $3.1M | $7.7M | $12.4M | $13.3M | $12.4M | $3.5M | $19.9M |
| Compensação em Ações | $380000 | $317000 | $344000 | $373000 | $512000 | $812000 | $958000 | $1.0M | $720000 | $883000 |
| Variação Capital de Giro | -$148000 | -$366000 | -$302000 | $635000 | -$6.7M | $297000 | $2.0M | $13.0M | -$817000 | -$15.2M |
| Fluxo de Caixa Operacional | $10.9M | $8.1M | $10.0M | $9.2M | $8.5M | $37.7M | $44.3M | $46.5M | $48.6M | $31.8M |
| CapEx | -$1.8M | -$1.7M | -$4.2M | -$766000 | -$1.9M | -$2.8M | -$1.2M | -$4.2M | -$1.7M | -$6.6M |
| Aquisições | 0 | 0 | 0 | $20.6M | $35.6M | 0 | 0 | 0 | 0 | $173.1M |
| Recompra de Ações | -$794000 | -$203000 | -$523000 | -$364000 | 0 | -$7.8M | -$682000 | 0 | 0 | -$2.7M |
| Dividendos Pagos | -$2.2M | -$2.3M | -$2.6M | -$5.8M | -$6.2M | -$7.2M | -$7.6M | -$7.9M | -$9.0M | -$16.9M |
| Fluxo de Caixa Livre | $9.1M | $6.4M | $5.7M | $8.4M | $6.6M | $34.9M | $43.2M | $42.2M | $46.9M | $25.2M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $15.3M | $14.0M | -$177000 | $29.9M |
| CapEx | -$1.6M | -$2.1M | -$1.5M | $1.5M |
| Fluxo de Caixa Livre | $13.7M | $11.9M | -$1.7M | $31.5M |
| Dividendos Pagos | -$4.2M | -$4.3M | -$4.3M | -$4.3M |
| Compensação em Ações | $242000 | $259000 | $298000 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +2.7% | +8.6% | +32.4% | +88.3% | +6.9% | +6.3% | +27.8% | +22.1% | +38.7% |
| Crescimento Lucro Líquido (anual) | | +1.3% | +18.9% | -2.2% | +117.7% | +41.2% | +7.2% | -10.1% | +25.7% | +5.4% |
| Crescimento LPA (anual) | | +1.2% | +18.8% | -21.8% | +31.6% | +38.0% | +9.8% | -10.5% | +16.0% | -38.2% |
| Variação de Ações (anual) | | -0.3% | +0.3% | +25.1% | +65.9% | +2.3% | -2.3% | +0.6% | +8.6% | +70.2% |
| Crescimento FCF (anual) | | -29.4% | -10.7% | +46.8% | -21.5% | +427.3% | +23.5% | -2.1% | +11.1% | -46.3% |
| Margem Bruta | 96.6% | 93.2% | 92.1% | 88.7% | 89.0% | 94.8% | 91.0% | 70.8% | 66.0% | 58.2% |
| Margem Operacional | 29.3% | 29.6% | 27.0% | 20.3% | 24.1% | 31.6% | 31.0% | 22.4% | 23.8% | 17.7% |
| Margem EBITDA | 38.5% | 38.0% | 33.6% | 27.8% | 33.9% | 46.4% | 46.0% | 33.4% | 32.7% | 28.0% |
| Margem Líquida | 21.6% | 21.3% | 23.3% | 17.2% | 19.9% | 26.3% | 26.5% | 18.7% | 19.2% | 14.6% |
| Margem FCF | 32.3% | 22.2% | 18.3% | 20.3% | 8.5% | 41.7% | 48.4% | 37.1% | 33.7% | 13.1% |
| Taxa Efetiva de Imposto | 26.2% | 27.9% | 13.6% | 15.3% | 17.3% | 16.8% | 14.5% | 16.8% | 19.2% | 17.6% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $2.51 | $1.78 | $1.58 | $1.86 | $0.88 | $4.54 | $5.73 | $5.58 | $5.71 | $1.80 |
| Dividendo por Ação | $0.61 | $0.64 | $0.71 | $1.28 | $0.82 | $0.93 | $1.01 | $1.04 | $1.10 | $1.21 |
| Ações em Circulação (Básicas) | $3.6M | $3.6M | $3.6M | $4.5M | $7.5M | $7.7M | $7.5M | $7.5M | $8.2M | $13.9M |
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 | 11.72% |
| Retorno sobre capital investido | 3.36% |
| Retorno sobre ativos | 1.23% |
| Margem bruta | 62.28% |
| Margem operacional | 19.22% |
| Margem líquida | 29.96% |
Saúde financeira
| Dívida / Patrimônio | 0.71 |
| Liquidez corrente | 0.17 |
| Piotroski F-Score | 5 |
| Altman Z-Score | -0.82 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 12.82 | 13.34 | 12.38 | 20.23 | 14.81 | 9.23 | 9.21 | 10.39 | 10.90 | 14.61 |
| P/VP | 1.09 | 1.07 | 1.13 | 0.76 | 1.02 | 0.92 | 1.29 | 1.13 | 1.12 | 0.88 |
| P/V | 2.77 | 2.83 | 2.88 | 3.48 | 2.95 | 2.43 | 2.44 | 1.94 | 2.09 | 2.13 |
| Margem Bruta | 96.6% | 93.2% | 92.1% | 88.7% | 89.0% | 94.8% | 91.0% | 70.8% | 66.0% | 58.2% |
| Margem Operacional | 29.3% | 29.6% | 27.0% | 20.3% | 24.1% | 31.6% | 31.0% | 22.4% | 23.8% | 17.7% |
| Margem Líquida | 21.6% | 21.3% | 23.3% | 17.2% | 19.9% | 26.3% | 26.5% | 18.7% | 19.2% | 14.6% |