Demonstrações financeiras detalhadas de Silicom Ltd. (SILC): 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
Silicom Ltd. registou receitas de $61.9M no último exercício, com um CAGR de 5 anos de -10.4%.
Margens dos últimos 12 meses: margem bruta 30.2%, margem operacional -14.2%, margem líquida -13.0%.
Ao preço atual de $42.48, SILC apresenta lucros negativos (P/L não significativo) e um ROE de -8.37%. A capitalização de mercado é de $244M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $100.3M | $125.7M | $133.8M | $105.2M | $107.4M | $128.5M | $150.6M | $124.1M | $58.1M | $61.9M |
| Custo da Receita | $61.8M | $79.8M | $91.7M | $69.1M | $73.6M | $84.1M | $98.6M | $95.4M | $41.5M | $43.0M |
| Lucro Bruto | $38.6M | $45.9M | $42.1M | $36.1M | $33.8M | $44.4M | $52.0M | $28.7M | $16.6M | $18.9M |
| P&D | $12.7M | $13.9M | $14.8M | $15.1M | $17.2M | $20.1M | $20.6M | $20.6M | $19.5M | $20.1M |
| Despesas Gerais e Administrativas | $10.4M | $11.2M | $10.6M | $10.8M | $10.3M | $11.2M | $11.5M | $11.2M | $10.4M | $11.1M |
| Despesas Operacionais | $23.1M | $25.1M | $25.4M | $25.9M | $27.5M | $31.3M | $32.0M | $57.4M | $29.9M | $31.2M |
| Lucro Operacional | $15.8M | $25.4M | $16.7M | $10.2M | $6.2M | $13.1M | $19.9M | -$28.7M | -$13.3M | -$12.3M |
| EBITDA | $19.4M | $24.6M | $19.9M | $12.2M | $8.6M | $15.4M | $24.9M | -$616000 | -$9.1M | -$9.0M |
| Despesas com Juros | $122000 | $109000 | $93000 | $148000 | $171000 | $48000 | $74000 | $45000 | $11000 | 0 |
| Lucro Antes de Impostos | $15.9M | $25.6M | $17.6M | $11.9M | $7.3M | $12.9M | $22.4M | -$27.3M | -$11.3M | -$10.6M |
| Imposto | $2.7M | $3.9M | $2.9M | $1.6M | $1.6M | $2.4M | $4.1M | -$889000 | $2.4M | $871000 |
| Lucro Líquido | $13.1M | $21.7M | $14.6M | $10.2M | $5.7M | $10.5M | $18.3M | -$26.4M | -$13.7M | -$11.5M |
| LPA | $1.79 | $2.91 | $1.94 | $1.36 | $0.80 | $1.54 | $2.73 | $-3.94 | $-2.28 | $-2.01 |
| LPA Diluído | $1.77 | $2.86 | $1.91 | $1.35 | $0.80 | $1.51 | $2.69 | $-3.94 | $-2.28 | $-2.01 |
| Ações em Circulação (Diluídas) | $7.4M | $7.6M | $7.7M | $7.6M | $7.2M | $7.0M | $6.8M | $6.7M | $6.0M | $5.7M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $15.6M | $16.9M | $19.1M | $23.8M |
| Lucro Bruto | $4.9M | $5.0M | $5.6M | $7.2M |
| Lucro Operacional | -$3.1M | -$2.8M | -$2.8M | -$2.0M |
| EBITDA | -$2.6M | -$910000 | -$2.4M | -$1.6M |
| Lucro Líquido | -$2.8M | -$2.5M | -$2.4M | -$2.1M |
| LPA | $-0.49 | $-0.44 | $-0.41 | $-0.37 |
| LPA Diluído | $-0.49 | $-0.44 | $-0.41 | $-0.37 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $11.9M | $17.0M | $26.8M | $16.5M | $20.7M | $29.3M | $30.7M | $47.0M | $51.3M | $35.2M |
| Investimentos de Curto Prazo | $16.3M | $7.8M | $1.6M | $27.6M | $40.1M | $8.3M | $4.0M | $8.0M | $20.9M | $13.0M |
| Contas a Receber | $30.8M | $46.1M | $27.2M | $28.5M | $21.7M | $34.7M | $29.5M | $27.7M | $15.3M | $13.3M |
| Estoque | $44.3M | $51.5M | $42.4M | $36.5M | $47.6M | $75.8M | $88.0M | $51.6M | $41.1M | $52.0M |
| Ativos Circulantes | $103.3M | $123.5M | $104.1M | $110.4M | $136.2M | $149.1M | $153.6M | $135.1M | $129.8M | $113.5M |
| Imobilizado | $3.9M | $4.1M | $3.7M | $7.4M | $14.0M | $13.3M | $12.9M | $10.0M | $10.0M | $9.3M |
| Ágio | $25.6M | $25.6M | $25.6M | $25.6M | $25.6M | $25.6M | $25.6M | 0 | 0 | 0 |
| Ativos Intangíveis | $2.9M | $1.0M | $966000 | $1.7M | $1.2M | $4.3M | $6.7M | $2.3M | $2.3M | $2.6M |
| Ativos Totais | $146.4M | $162.6M | $182.3M | $195.1M | $195.9M | $219.6M | $216.2M | $167.7M | $150.4M | $152.5M |
| Contas a Pagar | $10.5M | $12.6M | $15.4M | $16.4M | $14.6M | $29.9M | $15.9M | $4.1M | $6.5M | $11.1M |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $2.0M |
| Passivos Circulantes | $18.0M | $19.0M | $21.5M | $26.3M | $29.4M | $50.3M | $27.1M | $12.9M | $15.1M | $27.6M |
| Dívida de Longo Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $4.3M |
| Passivos Totais | $25.0M | $21.8M | $24.2M | $32.1M | $41.0M | $61.1M | $36.9M | $19.5M | $22.6M | $35.0M |
| Reservas | $74.6M | $88.9M | $103.5M | $113.8M | $119.5M | $130.0M | $147.6M | $121.2M | $107.5M | $96.0M |
| Patrimônio Líquido | $121.4M | $140.8M | $158.1M | $162.9M | $154.8M | $158.5M | $179.3M | $148.3M | $127.8M | $117.5M |
| Dívida Total | 0 | 0 | 0 | $3.8M | $10.1M | $9.2M | $7.8M | $5.9M | $6.5M | $10.5M |
| Dívida Líquida | -$28.2M | -$24.8M | -$28.4M | -$40.3M | -$50.7M | -$28.4M | -$26.9M | -$49.0M | -$65.7M | -$37.6M |
| Capital de Giro | $85.3M | $104.4M | $82.5M | $84.1M | $106.9M | $98.8M | $126.5M | $122.3M | $114.7M | $85.9M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $38.4M | $35.2M | $30.0M | $25.1M |
| Ativos Totais | $151.2M | $152.5M | $158.8M | $162.9M |
| Passivos Totais | $31.6M | $35.0M | $42.8M | $48.1M |
| Patrimônio Líquido | $119.6M | $117.5M | $116.0M | $114.8M |
| Dívida Total | $6.4M | $10.5M | $6.6M | $6.4M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $13.1M | $21.7M | $14.6M | $10.2M | $5.7M | $10.5M | $18.3M | -$26.4M | -$13.7M | -$11.5M |
| Depreciação e Amortização | $3.9M | $3.8M | $3.3M | $2.0M | $2.4M | $2.4M | $2.4M | $2.5M | $2.4M | $1.6M |
| Compensação em Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Variação Capital de Giro | -$24.3M | -$25.6M | $19.2M | $10.4M | -$9.3M | -$20.7M | -$32.5M | $17.3M | $20.9M | $2.5M |
| Fluxo de Caixa Operacional | -$2.7M | $1.4M | $45.7M | $26.7M | $5.0M | $1.1M | -$4.1M | $31.9M | $18.3M | -$2.2M |
| CapEx | -$1.4M | -$1.7M | -$1.3M | -$1.4M | -$1.7M | -$2.6M | -$2.1M | -$1.1M | -$932000 | -$1.2M |
| Aquisições | 0 | $11000 | $1.0M | $1.0M | $1.5M | $3.6M | 0 | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | -$8.0M | -$16.8M | -$14.3M | -$3.4M | -$9.3M | -$9.9M | -$1.7M |
| Dividendos Pagos | -$7.3M | -$7.4M | -$7.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$4.1M | -$282000 | $44.3M | $25.3M | $3.3M | -$1.5M | -$6.2M | $30.8M | $17.4M | -$3.3M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | 0 | -$2.2M | 0 | 0 |
| CapEx | 0 | -$1.2M | 0 | 0 |
| Fluxo de Caixa Livre | 0 | -$3.3M | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | 0 | 0 | $902000 | $903000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +25.3% | +6.4% | -21.3% | +2.1% | +19.6% | +17.2% | -17.6% | -53.2% | +6.6% |
| Crescimento Lucro Líquido (anual) | | +65.3% | -32.6% | -30.1% | -44.1% | +84.1% | +73.7% | -244.3% | +48.1% | +16.3% |
| Crescimento LPA (anual) | | +62.6% | -33.3% | -29.9% | -41.2% | +92.5% | +77.3% | -244.3% | +42.1% | +11.8% |
| Variação de Ações (anual) | | +2.2% | +0.7% | -1.1% | -5.5% | -2.6% | -2.5% | -1.4% | -10.2% | -5.2% |
| Crescimento FCF (anual) | | +93.2% | +15820.9% | -43.0% | -87.1% | -146.2% | -310.0% | +598.5% | -43.7% | -119.3% |
| Margem Bruta | 38.4% | 36.5% | 31.4% | 34.3% | 31.4% | 34.6% | 34.5% | 23.1% | 28.6% | 30.6% |
| Margem Operacional | 15.8% | 20.2% | 12.4% | 9.7% | 5.8% | 10.2% | 13.2% | -23.1% | -22.8% | -19.8% |
| Margem EBITDA | 19.3% | 19.6% | 14.9% | 11.6% | 8.0% | 12.0% | 16.5% | -0.5% | -15.7% | -14.6% |
| Margem Líquida | 13.1% | 17.3% | 10.9% | 9.7% | 5.3% | 8.2% | 12.2% | -21.3% | -23.6% | -18.5% |
| Margem FCF | -4.1% | -0.2% | 33.1% | 24.0% | 3.0% | -1.2% | -4.1% | 24.8% | 29.9% | -5.4% |
| Taxa Efetiva de Imposto | 17.2% | 15.1% | 16.7% | 13.7% | 21.4% | 18.3% | 18.2% | 3.3% | -21.1% | -8.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-0.56 | $-0.04 | $5.79 | $3.34 | $0.46 | $-0.22 | $-0.91 | $4.60 | $2.88 | $-0.59 |
| Dividendo por Ação | $0.98 | $0.97 | $0.96 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $7.3M | $7.5M | $7.6M | $7.5M | $7.1M | $6.8M | $6.7M | $6.7M | $6.0M | $5.7M |
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 | -8.37% |
| Retorno sobre capital investido | -8.58% |
| Retorno sobre ativos | -6.01% |
| Margem bruta | 30.16% |
| Margem operacional | -14.17% |
| Margem líquida | -12.98% |
Saúde financeira
| Dívida / Patrimônio | 0.06 |
| Liquidez corrente | 3.06 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 3.13 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 22.96 | 25.62 | 18.01 | 24.46 | 52.31 | 33.51 | 15.44 | -4.59 | -7.15 | -7.31 |
| P/VP | 2.49 | 3.95 | 1.67 | 1.54 | 1.92 | 2.22 | 1.57 | 0.82 | 0.77 | 0.71 |
| P/V | 3.01 | 4.42 | 1.97 | 2.38 | 2.77 | 2.74 | 1.87 | 0.98 | 1.69 | 1.35 |
| Margem Bruta | 38.4% | 36.5% | 31.4% | 34.3% | 31.4% | 34.6% | 34.5% | 23.1% | 28.6% | 30.6% |
| Margem Operacional | 15.8% | 20.2% | 12.4% | 9.7% | 5.8% | 10.2% | 13.2% | -23.1% | -22.8% | -19.8% |
| Margem Líquida | 13.1% | 17.3% | 10.9% | 9.7% | 5.3% | 8.2% | 12.2% | -21.3% | -23.6% | -18.5% |