Demonstrações financeiras detalhadas de Nature's Sunshine Products, Inc. (NATR): 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
Nature's Sunshine Products, Inc. registou receitas de $480.1M no último exercício, com um CAGR de 5 anos de 4.5%. O lucro líquido atingiu $19.5M, com CAGR de 5 anos de -1.8%.
Margens dos últimos 12 meses: margem bruta 73.2%, margem operacional 6.0%, margem líquida 3.7%. O fluxo de caixa livre cresceu a CAGR de -2.5% em 5 anos.
Ao preço atual de $13.09, NATR negocia a um P/L de 12.58 e um ROE de 11.00%. A capitalização de mercado é de $230M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $341.2M | $342.0M | $364.8M | $362.2M | $385.2M | $444.1M | $421.9M | $445.3M | $454.4M | $480.1M |
| Custo da Receita | $90.9M | $91.0M | $95.7M | $93.9M | $101.3M | $115.5M | $122.2M | $124.2M | $129.7M | $132.4M |
| Lucro Bruto | $250.2M | $251.0M | $269.1M | $268.3M | $283.9M | $328.6M | $299.8M | $321.1M | $324.7M | $347.7M |
| P&D | $3.2M | $3.4M | $2.8M | 0 | 0 | 0 | $1.5M | 0 | $1.7M | 0 |
| Despesas Gerais e Administrativas | $240.2M | $249.6M | $263.8M | $252.2M | $262.4M | $293.9M | $283.5M | $302.4M | $304.6M | $323.0M |
| Despesas Operacionais | $240.2M | $249.6M | $263.8M | $252.2M | $262.4M | $293.9M | $283.5M | $302.4M | $304.6M | $323.0M |
| Lucro Operacional | $10.0M | $1.4M | $5.4M | $16.1M | $21.5M | $34.7M | $16.3M | $18.7M | $20.1M | $24.7M |
| EBITDA | $14.8M | $10.0M | $13.5M | $26.3M | $33.7M | $43.2M | $31.1M | $32.1M | $32.8M | $43.8M |
| Despesas com Juros | $16000 | $289000 | $387000 | $43000 | $102000 | $250000 | $249000 | $69000 | $146000 | $98000 |
| Lucro Antes de Impostos | $9.3M | $3.2M | $3.2M | $15.6M | $22.8M | $31.8M | $15.2M | $20.2M | $18.4M | $29.8M |
| Imposto | $8.6M | $17.0M | $4.4M | $8.7M | -$137000 | $1.6M | $14.7M | $3.8M | $10.5M | $9.4M |
| Lucro Líquido | $2.1M | -$12.9M | -$854000 | $6.8M | $21.3M | $28.9M | -$390000 | $15.1M | $7.7M | $19.5M |
| LPA | $0.11 | $-0.69 | $-0.04 | $0.35 | $1.09 | $1.45 | $-0.02 | $0.79 | $0.41 | $1.08 |
| LPA Diluído | $0.11 | $-0.69 | $-0.04 | $0.34 | $1.07 | $1.42 | $-0.02 | $0.77 | $0.40 | $1.06 |
| Ações em Circulação (Diluídas) | $19.1M | $18.9M | $19.1M | $19.7M | $20.0M | $20.3M | $19.3M | $19.5M | $18.6M | $18.5M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $128.3M | $123.8M | $122.9M | $117.0M |
| Lucro Bruto | $94.0M | $89.8M | $90.0M | $86.2M |
| Lucro Operacional | $9.0M | $5.3M | $9.5M | $5.5M |
| EBITDA | $13.2M | $8.8M | $11.4M | $8.7M |
| Lucro Líquido | $5.3M | $4.1M | $5.1M | $3.5M |
| LPA | $0.30 | $0.23 | $0.29 | $0.20 |
| LPA Diluído | $0.30 | $0.23 | $0.29 | $0.19 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $32.3M | $42.9M | $50.6M | $53.6M | $92.1M | $86.2M | $60.0M | $82.4M | $84.7M | $93.9M |
| Investimentos de Curto Prazo | $1.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $7.7M | $8.9M | $7.8M | $7.3M | $7.4M | $8.9M | $14.1M | $8.8M | $9.5M | $8.6M |
| Estoque | $47.6M | $44.0M | $42.0M | $46.7M | $47.7M | $60.9M | $67.9M | $66.9M | $59.4M | $68.3M |
| Ativos Circulantes | $100.1M | $102.5M | $106.8M | $112.7M | $154.1M | $164.7M | $149.5M | $165.8M | $160.6M | $178.8M |
| Imobilizado | $73.3M | $69.1M | $64.1M | $83.5M | $74.6M | $69.2M | $62.3M | $58.4M | $52.4M | $50.5M |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | $976000 | $709000 | $618000 | $567000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $205.6M | $195.2M | $193.0M | $213.1M | $249.5M | $258.9M | $229.8M | $249.8M | $240.9M | $261.1M |
| Contas a Pagar | $5.3M | $4.2M | $5.2M | $4.4M | $6.5M | $9.7M | $6.3M | $7.9M | $8.9M | $8.0M |
| Dívida de Curto Prazo | $9.9M | $506000 | $1.5M | $1.5M | $2.5M | $1.5M | $1.2M | 0 | 0 | 0 |
| Passivos Circulantes | $63.0M | $53.7M | $66.7M | $57.9M | $69.7M | $76.7M | $65.6M | $76.8M | $65.7M | $78.5M |
| Dívida de Longo Prazo | 0 | $13.2M | 0 | 0 | $2.4M | $1.2M | 0 | 0 | 0 | 0 |
| Passivos Totais | $73.2M | $75.5M | $72.4M | $83.6M | $92.3M | $97.5M | $82.7M | $90.2M | $79.9M | $99.6M |
| Reservas | $12.7M | -$2.1M | -$2.1M | $4.7M | $26.0M | $35.0M | $34.6M | $49.7M | $57.4M | $76.9M |
| Patrimônio Líquido | $131.1M | $119.3M | $120.5M | $129.2M | $155.4M | $158.2M | $142.9M | $154.1M | $155.3M | $161.6M |
| Dívida Total | $9.9M | $13.7M | $1.5M | $26.7M | $26.3M | $23.0M | $19.2M | $14.9M | $14.2M | $18.9M |
| Dívida Líquida | -$24.1M | -$29.2M | -$49.1M | -$27.0M | -$65.7M | -$63.2M | -$40.8M | -$67.5M | -$70.5M | -$75.0M |
| Capital de Giro | $37.1M | $48.9M | $40.1M | $54.8M | $84.4M | $88.0M | $83.9M | $89.1M | $94.9M | $100.3M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $95.6M | $93.9M | $87.6M | $82.5M |
| Ativos Totais | $264.8M | $261.1M | $261.5M | $259.8M |
| Passivos Totais | $98.1M | $99.6M | $94.5M | $90.5M |
| Patrimônio Líquido | $160.5M | $161.6M | $166.9M | $169.3M |
| Dívida Total | $14.3M | $18.9M | $22.4M | $21.4M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $675000 | -$13.8M | -$1.2M | $6.9M | $23.0M | $30.2M | $550000 | $15.1M | $7.9M | $20.5M |
| Depreciação e Amortização | $4.8M | $8.6M | $9.8M | $10.6M | $10.7M | $11.2M | $11.0M | $11.8M | $14.2M | $13.8M |
| Compensação em Ações | $3.2M | $2.2M | $2.2M | $2.1M | $3.8M | $3.7M | $2.9M | $4.9M | $4.8M | $5.8M |
| Variação Capital de Giro | -$7.7M | $1.3M | $11.9M | -$21.7M | $793000 | -$14.7M | -$27.3M | $13.2M | -$8.5M | -$3.1M |
| Fluxo de Caixa Operacional | $3.4M | $10.5M | $21.8M | $8.5M | $37.7M | $34.6M | $710000 | $41.2M | $25.3M | $35.3M |
| CapEx | -$11.5M | -$5.5M | -$4.8M | -$5.1M | -$4.9M | -$6.7M | -$7.6M | -$10.5M | -$11.0M | -$6.5M |
| Aquisições | 0 | $521000 | $5.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | -$7.4M | -$13.6M | -$6.4M | -$8.9M | -$16.3M |
| Dividendos Pagos | -$7.5M | -$1.8M | 0 | 0 | 0 | -$19.9M | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$8.1M | $5.0M | $17.0M | $3.4M | $32.8M | $27.9M | -$6.9M | $30.7M | $14.3M | $28.8M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $18.5M | $9.9M | -$1.8M | $835000 |
| CapEx | -$1.7M | -$2.3M | -$2.5M | -$2.8M |
| Fluxo de Caixa Livre | $16.8M | $7.6M | -$4.3M | -$1.9M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $1.3M | -$4.2M | $1.6M | $2.0M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +0.3% | +6.7% | -0.7% | +6.3% | +15.3% | -5.0% | +5.5% | +2.0% | +5.7% |
| Crescimento Lucro Líquido (anual) | | -705.0% | +93.4% | +892.2% | +215.4% | +35.2% | -101.4% | +3965.6% | -49.0% | +153.7% |
| Crescimento LPA (anual) | | -727.3% | +93.5% | +883.0% | +211.4% | +33.0% | -101.4% | +4050.0% | -48.1% | +163.4% |
| Variação de Ações (anual) | | -0.9% | +1.3% | +2.8% | +1.6% | +1.8% | -4.9% | +0.7% | -4.4% | -0.8% |
| Crescimento FCF (anual) | | +161.9% | +238.4% | -79.8% | +851.9% | -14.7% | -124.8% | +544.5% | -53.4% | +101.3% |
| Margem Bruta | 73.3% | 73.4% | 73.8% | 74.1% | 73.7% | 74.0% | 71.0% | 72.1% | 71.5% | 72.4% |
| Margem Operacional | 2.9% | 0.4% | 1.5% | 4.5% | 5.6% | 7.8% | 3.9% | 4.2% | 4.4% | 5.2% |
| Margem EBITDA | 4.4% | 2.9% | 3.7% | 7.3% | 8.7% | 9.7% | 7.4% | 7.2% | 7.2% | 9.1% |
| Margem Líquida | 0.6% | -3.8% | -0.2% | 1.9% | 5.5% | 6.5% | -0.1% | 3.4% | 1.7% | 4.1% |
| Margem FCF | -2.4% | 1.5% | 4.7% | 0.9% | 8.5% | 6.3% | -1.6% | 6.9% | 3.2% | 6.0% |
| Taxa Efetiva de Imposto | 92.7% | 528.8% | 137.6% | 55.7% | -0.6% | 5.1% | 96.4% | 18.7% | 57.2% | 31.4% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-0.43 | $0.27 | $0.89 | $0.17 | $1.64 | $1.37 | $-0.36 | $1.58 | $0.77 | $1.56 |
| Dividendo por Ação | $0.39 | $0.10 | $0.00 | $0.00 | $0.00 | $0.98 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $18.7M | $18.8M | $19.1M | $19.3M | $19.5M | $19.9M | $19.3M | $19.1M | $18.6M | $18.0M |
O que olhar em empresas de Consumer Defensive
- Margem bruta (estável 5a) (Estável ≥35%) — Pricing power de marca — Coca-Cola não perde margem mesmo em crise.
- ROE / ROIC estáveis (ROE ≥15% estável) — Defensivas têm ROE alto consistente — os 'stalwarts' de Lynch.
- FCF / Lucro Líquido (≥90%) — Conversão de lucro em caixa — os melhores superam 95%.
- Crescimento do dividendo 10a (≥6%/ano) — Dividend Aristocrats sobem 25+ anos — sinal de moat.
- Payout Ratio (<75%) — >80% = dividendo em risco. <60% confortável.
- Dívida Líquida / EBITDA (<2,5x) — Uma defensiva com muita dívida perde a sua essência.
Rentabilidade
| Retorno sobre patrimônio | 11.00% |
| Retorno sobre capital investido | 9.78% |
| Retorno sobre ativos | 6.97% |
| Margem bruta | 73.16% |
| Margem operacional | 5.96% |
| Margem líquida | 3.68% |
Saúde financeira
| Dívida / Patrimônio | 0.13 |
| Liquidez corrente | 2.60 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 136.36 | -16.74 | -182.33 | 25.51 | 13.72 | 12.76 | -416.00 | 21.89 | 35.76 | 19.98 |
| P/VP | 2.14 | 1.82 | 1.29 | 1.33 | 1.88 | 2.32 | 1.13 | 2.14 | 1.76 | 2.41 |
| P/V | 0.82 | 0.63 | 0.43 | 0.48 | 0.76 | 0.83 | 0.38 | 0.74 | 0.60 | 0.81 |
| Margem Bruta | 73.3% | 73.4% | 73.8% | 74.1% | 73.7% | 74.0% | 71.0% | 72.1% | 71.5% | 72.4% |
| Margem Operacional | 2.9% | 0.4% | 1.5% | 4.5% | 5.6% | 7.8% | 3.9% | 4.2% | 4.4% | 5.2% |
| Margem Líquida | 0.6% | -3.8% | -0.2% | 1.9% | 5.5% | 6.5% | -0.1% | 3.4% | 1.7% | 4.1% |