Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -0.74 -1.07 -0.84 -0.94
Price to Sales 0.10 0.16 0.19 0.16
Book Value Per Common Share 1.26 1.77 2.26 2.99
Price to Book 0.67 0.66 0.56 0.36
Price to Operating Cash Flow -8.01 4.13 -2.75 -0.99
Price to Free Cash Flow -1.15 5.55 -2.47 -0.87
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 17.25 -2.27 -2.38 2.01 -1.67
Price to Sales 0.61 0.44 0.57 0.26 0.36
Book Value Per Common Share 0.93 1.76 1.05 1.26 1.05
Price to Book 1.49 0.44 0.95 0.67 0.73
Price to Operating Cash Flow 63.13
Price to Free Cash Flow -26.11
Enterprise Value to EBITDA 22833.39

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 20.96 7.16 2.28
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY 20.42 0.18 -44.72 50.05
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.15 1.93 1.74 2.42
Quick Ratio 0.15 0.21 0.21 0.27
Current Ratio 0.19 0.22 0.22 0.28
Debt to Equity 4.74 2.97 2.31 1.66
Long-Term Debt to Equity 0.29 0.19 0.27 0.25
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 3.27 1.09 1.24 1.16 1.24
Quick Ratio 0.29 0.09 0.11 0.15 0.11
Current Ratio 0.33 0.19 0.20 0.19 0.16
Debt to Equity 6.86 6.96 5.89 4.74 5.94
Long-Term Debt to Equity 0.30 0.26 0.29 0.29 0.34

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -7.90 -7.50 -10.09 -6.63
ROE -45.32 -29.79 -33.37 -17.63
Gross Margin 52.70 51.74 49.56 51.83
Operating Margin -16.06 -18.72 -27.36 -32.83
EBITDA Margin -7.02 -8.80 -16.44 -21.45
Net Profit Margin -13.47 -15.19 -23.16 -16.64
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.51 -2.42 -2.92 2.90 -3.19
ROE 4.03 -19.29 -20.10 16.64 -22.13
Gross Margin 39.19 50.65 45.51 63.09 44.60
Operating Margin -15.69 -24.60 -30.09 16.84 -26.19
EBITDA Margin -15.69 -24.60 -30.09 23.22 -26.19
Net Profit Margin 3.52 -19.27 -23.92 13.14 -21.79

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 456,927.27 448,939.14 474,464.77 507,175.31
   Current Assets 66,639.67 70,444.89 65,262.52 75,407.15
      Cash and Short-Term Investments 36,524.00 60,167.23 54,980.20 71,339.36
            Cash and Cash Equivalents 36,524.00 60,167.23 54,980.20 71,339.36
            Short-Term Investments 0 0 0 0
      Net Receivables 17,887.21 4,498.96 6,433.20 1,088.58
      Inventory 0 0 0 0
      Other Current Assets 12,228.47 5,778.70 3,849.12 2,979.20
   Non-Current Assets 390,287.59 378,494.25 409,202.25 431,768.16
      Property, Plant, Equipment Net 74,605.85 53,627.23 70,377.52 78,921.39
      Goodwill 196,289.49 196,289.49 196,289.49 194,754.96
      Intangible Assets 46,236.11 58,886.11 76,119.44 93,352.78
      Long-Term Investments 38,000.00 38,000.00 38,000.00 38,000.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 26,739.03
Liabilities 377,281.07 335,965.44 330,950.58 316,275.78
   Current Liabilities 354,495.41 314,402.50 292,542.51 267,978.61
      Payables and Expenses 22,422.10 21,005.19 26,466.87 24,778.15
            Account Payables 0 0 0 0
            Current Accrued Liabilities 22,422.10 21,004.11 26,452.04 24,755.37
      Short-Term Debt 18,085.64 13,110.45 16,920.43 17,351.43
      Other Current Liabilities 313,987.66 280,286.86 249,155.21 225,849.03
   Non-Current Liabilities 22,785.66 21,562.94 38,408.07 48,297.16
      Long-Term Debt 17,120.84 9,496.42 19,528.76 23,365.84
      Other Non-Current Liabilities 5,664.82 12,066.51 18,879.30 24,931.32
Equity 79,646.19 112,973.71 143,514.19 190,899.53
   Shareholders Equity 79,710.45 113,037.87 143,099.33 187,769.09
      Capital Stock 4,755.62 4,730.13 4,720.15 4,720.15
      Share Premium 547,915.00 545,222.46 542,058.09 540,583.56
      Retained Earnings -427,806.95 -391,709.17 -358,048.93 -310,156.02
      Treasury Shares 8,201.05 8,201.05 8,626.89 9,818.75
      Accumulated Other Comprehensive Income -36,952.18 -37,004.51 -37,003.08 -37,559.85
   Minority Interest -64.26 -64.16 414.86 3,130.44
Debt 35,206.49 22,606.87 36,449.19 40,717.27
Common Shares Outstanding 63,249.10 64,000.26 63,244.34 62,753.84
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 268,060.16 221,618.97 206,820.87 202,209.46
Cost Of Revenue 126,795.21 106,961.76 104,315.86 97,413.91
Non-Interest Expense 180,780.86 151,554.10 152,317.31 159,405.51
Gross Profit 141,264.95 114,657.21 102,505.02 104,795.55
Operating Expenses 184,309.11 156,153.11 159,091.58 171,185.03
   Selling, General and Administrative Expenses 180,780.86 151,554.10 152,317.31 159,405.51
   Research and Development Expenses 3,703.18 4,629.88 6,790.79 11,801.55
   Other Operating Expenses -174.93 -30.86 -16.52 -22.02
Operating Income -43,044.16 -41,495.90 -56,586.56 -66,389.48
EBT -42,499.56 -40,522.25 -54,515.61 -37,949.69
Income Tax -6,401.69 -6,811.71 -5,921.38 -1,539.58
Net Income Including Non-Controlling Interests -36,097.87 -33,710.54 -48,594.23 -36,410.12
Net Income Non-Controlling Interests 0.10 50.30 701.32 2,760.52
Net Income -36,097.78 -33,660.25 -47,892.91 -33,649.59
EBIT -43,044.16 -41,495.90 -56,586.56 -66,389.48
Deprecation and Amortization 24,226.47 21,984.38 22,590.67 23,025.48
EBITDA -18,817.68 -19,511.52 -33,995.90 -43,364.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 31,664.72 31,166.89 31,508.49 29,517.19
Average Shares Outstanding Diluted 31,664.72 31,166.89 31,508.49 29,517.19
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -3,345.17 8,751.47 -14,613.89 -31,833.69
   Operating Net Income -36,097.87 -33,710.54 -48,594.23 -36,410.12
   Deprecation and Amortization 24,226.47 21,984.38 22,590.67 23,025.48
   Deferred Income Tax -6,401.69 -6,812.79 -6,052.02 -1,562.36
   Share Based Compensation 2,811.73 3,068.04 1,459.76 1,039.97
   Change in Working Capital 11,739.02 24,225.50 17,291.94 9,377.37
   Other Operating Activities 377.17 -3.12 -1,310.00 -27,304.03
Investing Cash Flow -20,256.73 -3,966.49 -2,490.10 -10,028.99
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -19,968.85 -2,225.25 -1,612.33 -4,429.10
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business -287.88 -1,741.23 -877.77 -5,599.89
   Other Investing Activities 0 0 0 0.00
Financing Cash Flow -93.70 403.44 188.21 827.52
   Net Issuance/Repayment of Debt 0 0 0 710.00
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0 0 0
Net Change in Cash -23,695.60 5,188.43 -16,915.78 -41,035.16
   Cash at Beginning of Period 60,167.23 54,980.20 71,339.36 112,723.43
   Cash at End of Period 36,524.00 60,167.23 54,980.20 71,339.36
Free Cash Flow -23,370.07 6,511.37 -16,232.23 -36,285.27
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 462,532.21 444,241.23 457,343.46 456,927.27 459,449.16
   Current Assets 126,538.83 70,183.15 73,240.28 66,639.67 60,273.30
      Cash and Short-Term Investments 96,807.26 34,673.60 39,410.93 36,524.00 39,391.13
            Cash and Cash Equivalents 96,807.26 34,673.60 39,410.93 36,524.00 39,391.13
            Short-Term Investments 0 0 0 0 0
      Net Receivables 16,337.93 298.38 2,310.38 17,887.21 1,149.06
      Inventory 0 0 0 0 0
      Other Current Assets 13,393.64 35,211.18 31,518.97 12,228.47 19,733.11
   Non-Current Assets 325,149.04 374,058.09 384,103.18 390,287.59 399,175.86
      Property, Plant, Equipment Net 58,179.03 66,281.12 72,455.86 74,605.85 79,874.66
      Goodwill 196,289.49 196,289.49 196,289.49 196,289.49 196,289.49
      Intangible Assets 34,491.67 37,369.44 41,802.78 46,236.11 50,669.44
      Long-Term Investments 0 38,000.00 38,000.00 38,000.00 38,000.00
      Non-Current Deferred Assets 1,581.98 674.31 0 0 0
      Other Non-Current Assets 34,606.87 35,443.72 0 0 0
Liabilities 403,711.47 388,426.53 390,948.95 377,281.07 393,227.47
   Current Liabilities 386,132.45 374,192.79 371,709.25 354,495.41 370,991.60
      Payables and Expenses 14,008.49 48,255.33 52,432.98 22,422.10 51,063.96
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 14,008.49 48,255.33 52,432.98 22,422.10 51,063.96
      Short-Term Debt 48,302.06 31,314.03 29,954.37 18,085.64 19,652.85
      Other Current Liabilities 323,821.90 294,623.42 289,321.89 313,987.66 300,274.79
   Non-Current Liabilities 17,579.02 14,233.74 19,239.70 22,785.66 22,235.87
      Long-Term Debt 17,579.02 14,233.74 16,960.99 17,120.84 19,992.99
      Other Non-Current Liabilities 0.00 0.00 2,278.71 5,664.82 2,242.88
Equity 58,820.75 55,814.71 66,394.51 79,646.19 66,221.70
   Shareholders Equity 58,885.03 55,878.99 66,458.80 79,710.45 66,285.93
      Capital Stock 4,764.60 4,764.60 4,758.89 4,755.62 4,733.96
      Share Premium 548,711.59 548,183.36 547,992.47 547,915.00 547,865.45
      Retained Earnings -449,550.59 -451,920.03 -441,151.59 -427,806.95 -441,045.98
      Treasury Shares 8,201.05 8,201.05 8,201.05 8,201.05 8,201.05
      Accumulated Other Comprehensive Income -36,839.53 -36,947.90 -36,939.93 -36,952.18 -37,066.45
   Minority Interest -64.28 -64.28 -64.28 -64.26 -64.23
Debt 65,881.08 45,547.77 46,915.36 35,206.49 39,645.84
Common Shares Outstanding 63,509.02 0 63,249.10 63,249.10 62,947.75
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 67,304.44 55,890.38 55,790.91 100,915.61 67,254.81
Cost Of Revenue 40,930.21 27,583.67 30,402.60 37,251.57 37,256.46
Interest Income 0 33.96 0 0 0
Non-Interest Expense 29,150.54 41,257.94 45,230.37 45,979.04 46,915.70
Gross Profit 26,374.23 28,306.71 25,388.31 63,664.04 29,998.35
Operating Expenses 36,931.83 42,054.42 42,177.91 46,669.78 47,612.95
   Selling, General and Administrative Expenses 29,150.54 41,257.94 45,230.37 45,979.04 46,915.70
   Research and Development Expenses 760.91 850.30 748.00 779.09 740.05
   Other Operating Expenses -45.98 -53.82 -18.80 -88.34 -42.81
Operating Income -10,557.60 -13,747.71 -16,789.60 16,994.26 -17,614.60
EBT 1,461.76 -13,721.45 -16,730.78 16,678.66 -17,391.75
Income Tax -907.67 -2,953.02 -3,386.11 3,421.95 -2,739.49
Net Income Including Non-Controlling Interests 2,369.44 -10,768.43 -13,344.67 13,256.71 -14,652.27
Net Income Non-Controlling Interests 0 0 0.03 0.02 0.02
Net Income 2,369.44 -10,768.43 -13,344.64 13,256.73 -14,652.25
EBIT -10,557.60 -13,747.71 -16,789.60 16,994.26 -17,614.60
Deprecation and Amortization 0 0 0 6,440.10 0
EBITDA -10,557.60 -13,747.71 -16,789.60 23,434.37 -17,614.60
EPS 0.00 -0.00 -0.00 0.00 -0.00
Diluted EPS 0.00 -0.00 -0.00 0.00 -0.00
Average Shares Outstanding Basic 29,617.95 31,671.87 31,772.96 31,563.65 31,700.00
Average Shares Outstanding Diluted 29,617.95 31,671.87 31,772.96 31,563.65 31,700.00
Breakdown 2024-12-31
Operating Cash Flow 422.09
   Operating Net Income 13,239.01
   Deprecation and Amortization 6,440.10
   Deferred Income Tax 3,421.95
   Share Based Compensation 2,042.00
   Change in Working Capital -24,711.16
   Other Operating Activities -9.81
Investing Cash Flow -1,432.77
   Capital Expenditure 0
   Net Purchase/Sale of PPE -1,432.77
   Net Purchase/Sale of Investments Net 0
   Net Purchase/Sale of Business 0
   Other Investing Activities 0.00
Financing Cash Flow -1,970.78
   Net Issuance/Repayment of Debt 0
   Net Issuance/Repurchase of Equity 0
   Dividends Paid 0
   Other Financing Activities -1,970.78
Net Change in Cash -2,981.46
   Cash at Beginning of Period 39,391.13
   Cash at End of Period 36,524.00
Free Cash Flow -1,021.76