Demonstrações financeiras detalhadas de Frequency Electronics, Inc. (FEIM): 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
Frequency Electronics, Inc. registou receitas de $63.2M no último exercício, com um CAGR de 5 anos de 3.1%.
Margens dos últimos 12 meses: margem bruta 33.0%, margem operacional 2.5%, margem líquida 3.7%.
Ao preço atual de $84.60, FEIM negocia a um P/L de 338.40 e um ROE de 3.63%. A capitalização de mercado é de $835M.
Demonstração de Resultados (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Receita | $50.4M | $39.4M | $49.5M | $41.5M | $54.3M | $48.3M | $40.8M | $55.3M | $69.8M | $63.2M |
| Custo da Receita | $39.1M | $34.2M | $33.7M | $35.7M | $37.3M | $39.7M | $32.9M | $36.7M | $39.7M | $44.8M |
| Lucro Bruto | $11.2M | $5.2M | $15.8M | $5.8M | $16.9M | $8.6M | $7.8M | $18.6M | $30.1M | $18.4M |
| P&D | $6.9M | $7.0M | $6.5M | $5.1M | $4.7M | $5.0M | $3.1M | $3.4M | $6.1M | $6.0M |
| Despesas Gerais e Administrativas | $11.9M | $10.6M | $11.1M | $11.6M | $13.2M | $11.7M | $9.4M | $10.2M | $12.3M | $15.4M |
| Despesas Operacionais | $18.8M | $17.6M | $17.6M | $16.7M | $17.9M | $16.6M | $12.5M | $13.6M | $18.4M | $21.4M |
| Lucro Operacional | -$7.5M | -$12.4M | -$2.8M | -$10.9M | -$958000 | -$8.0M | -$4.7M | $5.0M | $11.7M | -$3.0M |
| EBITDA | -$4.3M | -$8.7M | $329000 | -$8.1M | $3.6M | -$5.6M | -$2.9M | $7.7M | $14.3M | -$2.9M |
| Despesas com Juros | $150000 | $79000 | $83000 | $107000 | $127000 | $77000 | $156000 | $109000 | $104000 | 0 |
| Lucro Antes de Impostos | -$7.0M | -$11.3M | -$2.5M | -$11.8M | $476000 | -$8.7M | -$5.4M | $5.5M | $12.1M | -$2.9M |
| Imposto | -$2.1M | $11.2M | $56000 | -$1.7M | -$204000 | $1000 | $74000 | -$130000 | -$11.5M | $2.0M |
| Lucro Líquido | -$4.8M | -$23.8M | -$2.5M | -$10.0M | $680000 | -$8.7M | -$5.5M | $5.6M | $23.8M | -$903000 |
| LPA | $-0.55 | $-2.69 | $-0.28 | $-1.10 | $0.07 | $-0.93 | $-0.59 | $0.59 | $2.46 | $-0.09 |
| LPA Diluído | $-0.55 | $-2.69 | $-0.28 | $-1.10 | $0.07 | $-0.93 | $-0.59 | $0.59 | $2.46 | $-0.09 |
| Ações em Circulação (Diluídas) | $8.8M | $8.8M | $8.9M | $9.1M | $9.2M | $9.3M | $9.3M | $9.4M | $9.6M | $9.8M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Receita | $17.1M | $16.9M | $15.4M | $23.5M |
| Lucro Bruto | $6.5M | $6.6M | $152000 | $10.8M |
| Lucro Operacional | $1.7M | $1.3M | -$6.3M | $5.2M |
| EBITDA | $1.8M | $1.5M | -$6.7M | $5.2M |
| Lucro Líquido | $1.8M | $1.6M | -$4.9M | $4.2M |
| LPA | $0.18 | $0.16 | $-0.50 | $0.41 |
| LPA Diluído | $0.18 | $0.16 | $-0.50 | $0.41 |
Balanço (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $2.2M | $7.9M | $3.7M | $3.8M | $9.8M | $11.6M | $12.0M | $18.3M | $4.7M | $1.6M |
| Investimentos de Curto Prazo | $7.8M | $6.1M | $8.2M | $10.6M | $10.3M | $10.0M | 0 | 0 | 0 | 0 |
| Contas a Receber | $18.9M | $9.4M | $13.0M | $11.3M | $20.0M | $13.1M | $14.6M | $15.1M | $23.8M | $22.0M |
| Estoque | $29.1M | $26.2M | $23.4M | $23.0M | $19.7M | $19.9M | $20.5M | $23.4M | $23.5M | $22.6M |
| Ativos Circulantes | $69.9M | $52.1M | $52.7M | $51.2M | $61.2M | $56.0M | $48.3M | $58.1M | $53.1M | $48.0M |
| Imobilizado | $14.8M | $14.1M | $13.0M | $22.1M | $19.4M | $17.4M | $14.5M | $12.5M | $14.8M | $14.5M |
| Ágio | $617000 | 0 | 0 | $617000 | $617000 | $617000 | $617000 | $617000 | $617000 | $218000 |
| Ativos Intangíveis | 0 | $617000 | $617000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $113.3M | $83.6M | $86.8M | $91.3M | $98.5M | $84.8M | $90.8M | $98.5M | $93.7M | $90.7M |
| Contas a Pagar | $2.4M | $1.8M | $1.2M | $1.4M | $1.1M | $1.1M | $1.5M | $2.3M | $1.4M | $3.0M |
| Dívida de Curto Prazo | 0 | 0 | 0 | $6.8M | $1.7M | 0 | $1.8M | $1.6M | $2.0M | 0 |
| Passivos Circulantes | $8.1M | $5.3M | $5.8M | $13.0M | $20.6M | $21.9M | $27.3M | $30.8M | $23.5M | $21.0M |
| Dívida de Longo Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $24.0M | $20.3M | $23.7M | $37.0M | $43.1M | $38.1M | $57.9M | $58.7M | $38.1M | $34.3M |
| Reservas | $23.7M | -$65000 | -$2.1M | -$12.1M | -$11.5M | -$20.1M | -$25.6M | -$20.0M | $3.7M | $2.8M |
| Patrimônio Líquido | $89.3M | $63.3M | $63.1M | $54.3M | $55.4M | $46.7M | $32.9M | $39.8M | $55.6M | $56.4M |
| Dívida Total | 0 | 0 | 0 | $16.3M | $9.1M | $9.1M | $7.6M | $6.2M | $8.8M | $7.6M |
| Dívida Líquida | -$10.0M | -$14.0M | -$11.9M | $1.9M | -$11.1M | -$12.4M | -$4.4M | -$12.1M | $4.0M | $6.0M |
| Capital de Giro | $61.7M | $46.8M | $46.9M | $38.2M | $40.6M | $34.1M | $21.0M | $27.3M | $29.7M | $27.0M |
Balanço (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caixa e Equivalentes | $3.0M | $86000 | $1.6M | $61.4M |
| Ativos Totais | $92.3M | $94.2M | $90.7M | $153.6M |
| Passivos Totais | $33.8M | $33.9M | $34.3M | $33.7M |
| Patrimônio Líquido | $58.5M | $60.2M | $56.4M | $119.8M |
| Dívida Total | $8.4M | $8.1M | $7.6M | $7.0M |
Fluxo de Caixa (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Lucro Líquido | -$4.8M | -$23.8M | -$2.5M | -$10.0M | $680000 | -$8.7M | -$5.5M | $5.6M | $23.7M | -$903000 |
| Depreciação e Amortização | $2.6M | $2.5M | $2.8M | $3.3M | $3.3M | $3.0M | $2.4M | $2.1M | $2.1M | $1.9M |
| Compensação em Ações | $662000 | $470000 | $500000 | $312000 | $273000 | $247000 | $197000 | $822000 | $1.2M | $2.0M |
| Variação Capital de Giro | -$2.9M | $8.6M | -$4.3M | $2.2M | $7.0M | $7.3M | $1.6M | -$108000 | -$19.2M | -$2.6M |
| Fluxo de Caixa Operacional | $3.9M | $4.5M | -$97000 | -$1.4M | $12.2M | $4.0M | $1.2M | $8.7M | -$1.4M | $1.3M |
| CapEx | -$5.2M | -$1.4M | -$2.8M | -$1.5M | -$1.2M | -$1.9M | -$918000 | -$1.5M | -$1.8M | -$2.9M |
| Aquisições | $5.2M | $188000 | $2.8M | $1.5M | 0 | $422000 | -$9.6M | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$377000 | -$1.6M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | -$9.4M | 0 | -$9.6M | 0 |
| Fluxo de Caixa Livre | -$1.3M | $3.1M | -$2.9M | -$2.9M | $10.9M | $2.2M | $257000 | $7.2M | -$3.2M | -$1.6M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Fluxo de Caixa Operacional | -$523000 | -$1.4M | $7.2M | $2.6M |
| CapEx | -$613000 | -$865000 | -$605000 | -$844000 |
| Fluxo de Caixa Livre | -$1.1M | -$2.3M | $6.6M | $1.8M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | 0 | 0 | $2.0M | 0 |
Crescimento e Margens (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crescimento Receita (anual) | | -21.7% | +25.6% | -16.2% | +30.7% | -11.0% | -15.6% | +35.6% | +26.3% | -9.4% |
| Crescimento Lucro Líquido (anual) | | -393.2% | +89.4% | -295.0% | +106.8% | -1374.0% | +36.5% | +201.7% | +325.5% | -103.8% |
| Crescimento LPA (anual) | | -389.1% | +89.6% | -292.9% | +106.7% | -1355.1% | +36.6% | +200.0% | +316.9% | -103.7% |
| Variação de Ações (anual) | | +0.6% | +0.9% | +1.8% | +1.9% | +0.2% | +0.8% | +1.0% | +1.9% | +1.8% |
| Crescimento FCF (anual) | | +331.6% | -191.9% | -0.9% | +477.8% | -80.1% | -88.2% | +2707.8% | -144.8% | +51.3% |
| Margem Bruta | 22.3% | 13.1% | 31.9% | 13.9% | 31.2% | 17.8% | 19.2% | 33.6% | 43.1% | 29.1% |
| Margem Operacional | -14.9% | -31.5% | -5.7% | -26.2% | -1.8% | -16.6% | -11.5% | 9.1% | 16.8% | -4.7% |
| Margem EBITDA | -8.4% | -22.1% | 0.7% | -19.6% | 6.7% | -11.5% | -7.1% | 13.9% | 20.5% | -4.6% |
| Margem Líquida | -9.6% | -60.3% | -5.1% | -24.1% | 1.3% | -17.9% | -13.5% | 10.1% | 34.1% | -1.4% |
| Margem FCF | -2.7% | 7.9% | -5.8% | -7.0% | 20.1% | 4.5% | 0.6% | 13.1% | -4.6% | -2.5% |
| Taxa Efetiva de Imposto | 30.0% | -99.1% | -2.3% | 14.8% | -42.9% | -0.0% | -1.4% | -2.4% | -95.0% | -68.9% |
Dados por Ação (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Ação | $-0.15 | $0.35 | $-0.32 | $-0.32 | $1.18 | $0.23 | $0.03 | $0.77 | $-0.34 | $-0.16 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $0.00 | $1.00 | $0.00 |
| Ações em Circulação (Básicas) | $8.8M | $8.8M | $8.9M | $9.1M | $9.2M | $9.3M | $9.3M | $9.4M | $9.6M | $9.8M |
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 | 3.63% |
| Retorno sobre capital investido | -1.02% |
| Retorno sobre ativos | 1.74% |
| Margem bruta | 33.03% |
| Margem operacional | 2.52% |
| Margem líquida | 3.68% |
Saúde financeira
| Dívida / Patrimônio | 0.06 |
| Liquidez corrente | 4.32 |
Índices Chave (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/L | -19.07 | -3.28 | -43.04 | -9.13 | 144.94 | -8.72 | -11.03 | 16.27 | 7.56 | -557.33 |
| P/VP | 1.03 | 1.23 | 1.70 | 1.68 | 1.78 | 1.61 | 1.85 | 2.27 | 3.21 | 8.70 |
| P/V | 1.83 | 1.98 | 2.17 | 2.19 | 1.82 | 1.56 | 1.49 | 1.64 | 2.56 | 7.76 |
| Margem Bruta | 22.3% | 13.1% | 31.9% | 13.9% | 31.2% | 17.8% | 19.2% | 33.6% | 43.1% | 29.1% |
| Margem Operacional | -14.9% | -31.5% | -5.7% | -26.2% | -1.8% | -16.6% | -11.5% | 9.1% | 16.8% | -4.7% |
| Margem Líquida | -9.6% | -60.3% | -5.1% | -24.1% | 1.3% | -17.9% | -13.5% | 10.1% | 34.1% | -1.4% |