Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 7.07 121.80 -280.00
Price to Sales 4.05 1.88 0.03 59.05
Book Value Per Common Share 2.22 -0.34 -0.03 -0.01
Price to Book 8.04 -18.06 -218.75 -854.24
Price to Operating Cash Flow 49.16 210.00 7.17 3054.55
Price to Free Cash Flow 52.40 -3806.25 -0.85 -2144.68
Enterprise Value to EBITDA 209132.30 506095.46 63500122.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Price to Earnings 286.00 58.45 82.79 34.14 233.33
Price to Sales 28.96 11.99 12.65 8.07 8.16 0.13 185.03
Book Value Per Common Share 2.86 2.75 2.43 2.22 0.12 -0.29 -0.34 -0.03 -0.03 -0.01 -0.01
Price to Book 9.99 6.17 6.46 8.04 85.49 -23.75 -18.06 -217.65 -218.75 -578.72 -854.24
Price to Operating Cash Flow 80.18 67.18 144.58 35.27 -404.62 -2.83 1457.14
Price to Free Cash Flow 80.54 68.82 147.84 35.69 -386.74 -2.16 5100.00
Enterprise Value to EBITDA 3810212.31 435359.98 595520.10 312092.99 1438927.79

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 4960.00
Revenue YoY 36.32 15.13 3.31
EBITDA YoY 612.71
Net Profit YoY 5189.08
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Earning YoY -65.52 52.63 -34.48 866.67
Revenue YoY -29.70 13.78 1.57 43.06 21.90 -0.11
EBITDA YoY -80.68 47.87 -16.60 552.07
Net Profit YoY -65.00 55.17 -36.00 1015.38

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.94 0.58 36.53 0.04
Quick Ratio 0.99 0.43 0.45 0.60
Current Ratio 1.26 0.88 0.88 0.99
Debt to Equity 0.90 -7.60 -6.92 -14.11
Long-Term Debt to Equity 0.13 -2.02 -2.40 -4.77
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Cash Per Common Share 1.66 1.30 1.04 0.93 0.87 0.57 0.58 33.88 0.04 0.05 0.04
Quick Ratio 1.32 1.31 1.05 0.99 0.72 0.44 0.43 0.45 0.45 0.57 0.60
Current Ratio 1.71 1.67 1.39 1.26 1.07 0.86 0.88 0.88 0.88 0.96 0.99
Debt to Equity 0.72 0.81 0.82 0.90 16.21 -7.79 -7.60 -6.60 -6.92 -12.48 -14.11
Long-Term Debt to Equity 0.18 0.22 0.10 0.13 2.66 -1.80 -2.02 -2.21 -2.40 -4.27 -4.77

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 59.40 2.18 -10.58 -0.35
ROE 112.88 -14.41 62.61 4.56
Gross Margin 72.81 74.50 72.44 72.30
Operating Margin 18.30 1.71 -9.01 -0.18
EBITDA Margin 19.40 3.71 -7.27 0.93
Net Profit Margin 57.29 1.48 -9.04 -0.31
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
ROA 2.03 5.74 4.17 13.42 1.33 -1.41 -1.94
ROE 3.48 10.40 7.59 230.89 -9.04 7.91 22.24
Gross Margin 78.49 74.87 75.08 71.70 74.62 75.24 71.84
Operating Margin 6.42 26.87 20.27 24.79 4.36 -4.80 -6.97
EBITDA Margin 7.59 27.60 21.24 25.87 5.68 -2.63 -5.83
Net Profit Margin 10.17 20.43 14.98 23.77 3.05 -4.86 -7.02

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 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 10,596.00 5,449.00 5,984.00 6,042.00
   Current Assets 5,399.00 4,036.00 4,011.00 4,243.00
      Cash and Short-Term Investments 2,326.00 1,449.00 1,450.00 1,722.00
            Cash and Cash Equivalents 2,326.00 1,449.00 1,450.00 1,722.00
            Short-Term Investments 0 0 0 0
      Net Receivables 1,933.00 536.00 597.00 876.00
      Inventory 436.00 962.00 789.00 617.00
      Other Current Assets 704.00 1,089.00 1,175.00 1,028.00
   Non-Current Assets 5,197.00 1,413.00 1,973.00 1,799.00
      Property, Plant, Equipment Net 589.00 763.00 951.00 916.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 4,435.00 0 0 0
      Other Non-Current Assets 173.00 650.00 1,022.00 883.00
Liabilities 5,020.00 6,275.00 6,995.00 6,503.00
   Current Liabilities 4,284.00 4,607.00 4,572.00 4,303.00
      Payables and Expenses 606.00 420.00 414.00 621.00
            Account Payables 297.00 288.00 243.00 457.00
            Current Accrued Liabilities 309.00 132.00 171.00 164.00
      Short-Term Debt 98.00 123.00 116.00 107.00
      Other Current Liabilities 3,580.00 4,064.00 4,042.00 3,575.00
   Non-Current Liabilities 736.00 1,668.00 2,423.00 2,200.00
      Long-Term Debt 0 98.00 220.00 336.00
      Other Non-Current Liabilities 0 1,570.00 2,203.00 1,864.00
Equity 5,576.00 -826.00 -1,011.00 -461.00
   Shareholders Equity 5,540.00 -838.00 -1,017.00 -469.00
      Capital Stock 25.00 25.00 397.00 397.00
      Share Premium 103,405.00 103,321.00 102,889.00 102,801.00
      Retained Earnings -94,854.00 -101,148.00 -101,267.00 -100,634.00
      Treasury Shares -3,036.00 -3,036.00 -3,036.00 -3,036.00
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 36.00 12.00 6.00 8.00
Investments 1,937.00 546.00 0 0
Debt 98.00 221.00 336.00 443.00
Common Shares Outstanding 2,491.13 2,484.79 39,722.59 39,687.59
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 10,986.00 8,059.00 7,000.00 6,776.00
Cost Of Revenue 2,987.00 2,055.00 1,929.00 1,877.00
Interest Expense 0.00 0.00 0.00 1.00
Net Interest 73.00 0 0 0
Provisions for Credit Losses -6.00 0 0 0
Gross Profit 7,999.00 6,004.00 5,071.00 4,899.00
Operating Expenses 6,062.00 5,930.00 5,700.00 4,907.00
   Selling, General and Administrative Expenses 5,050.00 5,055.00 4,804.00 4,168.00
   Research and Development Expenses 1,012.00 875.00 845.00 739.00
   Other Operating Expenses 0.00 0.00 51.00 0.00
Operating Income 1,937.00 74.00 -629.00 -8.00
Net Non-Operating Income 73.00 64.00 -2.00 -5.00
EBT 2,010.00 138.00 -631.00 -13.00
Income Tax 4,311.00 9.00 0.00 0.00
Net Income Including Non-Controlling Interests 6,322.00 129.00 -631.00 -13.00
Net Income Non-Controlling Interests -28.00 -10.00 -2.00 -8.00
Net Income 6,294.00 119.00 -633.00 -21.00
EBIT 2,010.00 138.00 -631.00 -12.00
Deprecation and Amortization 121.00 161.00 122.00 75.00
EBITDA 2,131.00 299.00 -509.00 63.00
EPS 0.00 0.00 -0.00 0
Diluted EPS 0.00 0.00 0 0
Average Shares Outstanding Basic 2,487.00 2,484.00 39.70 39,688.00
Average Shares Outstanding Diluted 2,512.00 2,503.00 39.70 39,688.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 905.00 72.00 31.00 132.00
   Operating Net Income 6,322.00 129.00 -631.00 -13.00
   Deprecation and Amortization 121.00 161.00 122.00 75.00
   Deferred Income Tax -4,435.00 0 0 0
   Share Based Compensation 56.00 55.00 80.00 75.00
   Change in Working Capital -2,103.00 -818.00 609.00 18.00
   Other Operating Activities 944.00 545.00 -149.00 -23.00
Investing Cash Flow -56.00 -78.00 -308.00 -324.00
   Capital Expenditure -56.00 -76.00 -292.00 -317.00
   Net Purchase/Sale of PPE -56.00 -76.00 -292.00 -317.00
   Net Purchase/Sale of Investments Net 0 -2.00 -16.00 -7.00
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 56.00 76.00 292.00 317.00
Financing Cash Flow 28.00 5.00 5.00 -149.00
   Net Issuance/Repayment of Debt 0 0 0 -149.00
   Net Issuance/Repurchase of Equity 28.00 5.00 5.00 0
   Dividends Paid 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 0.00
Net Change in Cash 877.00 -1.00 -272.00 -341.00
   Cash at Beginning of Period 1,449.00 1,450.00 1,722.00 2,063.00
   Cash at End of Period 2,326.00 1,449.00 1,450.00 1,722.00
Free Cash Flow 849.00 -4.00 -261.00 -185.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Assets 12,434.00 12,537.00 11,134.00 10,596.00 5,403.00 4,879.00 5,449.00 6,014.00 5,984.00 6,347.00 6,042.00
   Current Assets 6,714.00 6,831.00 6,169.00 5,399.00 4,531.00 3,686.00 4,036.00 4,131.00 4,011.00 4,337.00 4,243.00
      Cash and Short-Term Investments 4,167.00 3,253.00 2,591.00 2,326.00 2,153.00 1,417.00 1,449.00 1,346.00 1,450.00 1,784.00 1,722.00
            Cash and Cash Equivalents 4,167.00 3,253.00 2,591.00 2,326.00 2,153.00 1,417.00 1,449.00 1,346.00 1,450.00 1,784.00 1,722.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 1,005.00 2,140.00 2,060.00 1,933.00 894.00 487.00 536.00 771.00 597.00 820.00 876.00
      Inventory 1,170.00 953.00 920.00 436.00 659.00 788.00 962.00 804.00 789.00 674.00 617.00
      Other Current Assets 372.00 485.00 598.00 704.00 825.00 994.00 1,089.00 1,210.00 1,175.00 1,059.00 1,028.00
   Non-Current Assets 5,720.00 5,706.00 4,965.00 5,197.00 872.00 1,193.00 1,413.00 1,883.00 1,973.00 2,010.00 1,799.00
      Property, Plant, Equipment Net 1,427.00 1,495.00 538.00 589.00 639.00 710.00 763.00 913.00 951.00 1,030.00 916.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 4,180.00 4,117.00 4,310.00 4,435.00 134.00 0 0 0 0 0 0
      Other Non-Current Assets 0 0 117.00 173.00 0 483.00 650.00 970.00 1,022.00 980.00 883.00
Liabilities 5,200.00 5,616.00 5,024.00 5,020.00 5,089.00 5,598.00 6,275.00 7,088.00 6,995.00 6,900.00 6,503.00
   Current Liabilities 3,925.00 4,102.00 4,438.00 4,284.00 4,254.00 4,306.00 4,607.00 4,711.00 4,572.00 4,539.00 4,303.00
      Payables and Expenses 623.00 773.00 916.00 606.00 515.00 332.00 420.00 498.00 414.00 743.00 621.00
            Account Payables 348.00 424.00 684.00 297.00 313.00 208.00 288.00 361.00 243.00 516.00 457.00
            Current Accrued Liabilities 229.00 303.00 232.00 309.00 202.00 124.00 132.00 137.00 171.00 227.00 164.00
      Short-Term Debt 116.00 90.00 66.00 98.00 129.00 124.00 123.00 118.00 116.00 109.00 107.00
      Other Current Liabilities 3,186.00 3,239.00 3,456.00 3,580.00 3,610.00 3,850.00 4,064.00 4,095.00 4,042.00 3,687.00 3,575.00
   Non-Current Liabilities 1,275.00 1,514.00 586.00 736.00 835.00 1,292.00 1,668.00 2,377.00 2,423.00 2,361.00 2,200.00
      Long-Term Debt 930.00 973.00 0 0 0 66.00 98.00 190.00 220.00 308.00 336.00
      Other Non-Current Liabilities 345.00 541.00 0 0 835.00 1,226.00 1,570.00 2,187.00 2,203.00 2,053.00 1,864.00
Equity 7,234.00 6,921.00 6,110.00 5,576.00 314.00 -719.00 -826.00 -1,074.00 -1,011.00 -553.00 -461.00
   Shareholders Equity 7,173.00 6,865.00 6,065.00 5,540.00 288.00 -733.00 -838.00 -1,080.00 -1,017.00 -561.00 -469.00
      Capital Stock 25.00 25.00 25.00 25.00 25.00 25.00 25.00 397.00 397.00 397.00 397.00
      Share Premium 103,618.00 103,546.00 103,466.00 103,405.00 103,386.00 103,361.00 103,321.00 102,911.00 102,889.00 102,835.00 102,801.00
      Retained Earnings -93,418.00 -93,670.00 -94,390.00 -94,854.00 -100,087.00 -101,083.00 -101,148.00 -101,352.00 -101,267.00 -100,757.00 -100,634.00
      Treasury Shares 3,052.00 3,036.00 -3,036.00 -3,036.00 3,036.00 -3,036.00 -3,036.00 -3,036.00 -3,036.00 -3,036.00 -3,036.00
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 61.00 56.00 45.00 36.00 26.00 14.00 12.00 6.00 6.00 8.00 8.00
Investments 0 0 2,064.00 1,937.00 0 493.00 546.00 776.00 0 0 0
Debt 1,046.00 1,063.00 66.00 98.00 129.00 190.00 221.00 308.00 336.00 417.00 443.00
Common Shares Outstanding 2,504.63 2,499.16 2,491.13 2,491.13 2,487.31 2,487.31 2,484.79 39,757.59 39,722.59 39,687.59 39,687.59
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Revenues 2,478.00 3,525.00 3,098.00 3,050.00 2,132.00 1,749.00 1,751.00
Cost Of Revenue 533.00 886.00 772.00 863.00 541.00 433.00 493.00
Interest Income 34.00 27.00 0 20.00 0 0 0
Interest Expense 0 0 0.00 0 0.00 0.00 0.00
Net Interest 0 0 24.00 0 15.00 11.00 0
Non-Interest Expense 1,519.00 1,427.00 0 1,197.00 0 0 0
Provisions for Credit Losses 0 0 0 0 -7.00 0 0
Gross Profit 1,945.00 2,639.00 2,326.00 2,187.00 1,591.00 1,316.00 1,258.00
Operating Expenses 1,786.00 1,692.00 1,722.00 1,431.00 1,513.00 1,411.00 1,380.00
   Selling, General and Administrative Expenses 1,519.00 1,427.00 1,431.00 1,197.00 1,275.00 1,197.00 1,182.00
   Research and Development Expenses 267.00 265.00 291.00 234.00 238.00 214.00 198.00
   Other Operating Expenses 0 0 0.00 0 0.00 0.00 0.00
Operating Income 159.00 947.00 604.00 756.00 78.00 -95.00 -122.00
Net Non-Operating Income 0 0 24.00 0 15.00 11.00 0.00
EBT 193.00 974.00 628.00 776.00 93.00 -84.00 -122.00
Income Tax -65.00 242.00 154.00 42.00 25.00 0.00 0.00
Net Income Including Non-Controlling Interests 258.00 732.00 474.00 734.00 68.00 -84.00 -122.00
Net Income Non-Controlling Interests -6.00 -12.00 -10.00 -9.00 -3.00 -1.00 -1.00
Net Income 252.00 720.00 464.00 725.00 65.00 -85.00 -123.00
EBIT 159.00 947.00 628.00 756.00 93.00 -84.00 -122.00
Deprecation and Amortization 29.00 26.00 30.00 33.00 28.00 38.00 20.00
EBITDA 188.00 973.00 658.00 789.00 121.00 -46.00 -102.00
EPS 0.00 0.00 0.00 0.00 0.00 0 0
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0 0
Average Shares Outstanding Basic 2,509.00 2,493.00 2,491.00 2,487.00 2,486.00 39.73 39,688.00
Average Shares Outstanding Diluted 2,554.00 2,534.00 2,498.00 2,511.00 2,494.00 39.73 39,688.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow 895.00 629.00 271.00 698.00 -43.00 -83.00 221.00
   Operating Net Income 258.00 732.00 474.00 734.00 68.00 -84.00 -122.00
   Deprecation and Amortization 29.00 26.00 30.00 33.00 28.00 38.00 20.00
   Deferred Income Tax -65.00 195.00 125.00 0 0 0 0
   Share Based Compensation 33.00 32.00 61.00 14.00 27.00 17.00 31.00
   Change in Working Capital 596.00 -395.00 -585.00 -118.00 -435.00 -200.00 305.00
   Other Operating Activities 44.00 39.00 166.00 35.00 269.00 146.00 -13.00
Investing Cash Flow -4.00 -15.00 -6.00 -8.00 -2.00 -26.00 -159.00
   Capital Expenditure 0 0 -6.00 0 -2.00 -26.00 -157.00
   Net Purchase/Sale of PPE 0 -5.00 -6.00 0 -2.00 -26.00 -157.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 -2.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0
   Other Investing Activities -4.00 -10.00 6.00 -8.00 2.00 26.00 157.00
Financing Cash Flow 23.00 48.00 0 0 13.00 5.00 0
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0 13.00 5.00 0
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities 23.00 48.00 0 0 0.00 0.00 0
Net Change in Cash 914.00 662.00 265.00 690.00 -32.00 -104.00 62.00
   Cash at Beginning of Period 3,253.00 2,591.00 2,326.00 1,463.00 1,449.00 1,450.00 1,722.00
   Cash at End of Period 4,167.00 3,253.00 2,591.00 2,153.00 1,417.00 1,346.00 1,784.00
Free Cash Flow 891.00 614.00 265.00 690.00 -45.00 -109.00 64.00