Valuation Ratios

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Price to Earnings -7.10 112.23 16.92 -21.94
Price to Sales 0.14 0.14 0.23 0.19
Book Value Per Common Share 22.31 25.15 23.78 21.85
Price to Book 1.08 0.90 1.54 1.27
Price to Operating Cash Flow 4.45 3.72 5.20 9.61
Price to Free Cash Flow -48.74 7.29 8.36 56.00
Enterprise Value to EBITDA 45383.62 29201.05 41531.98 43656.33
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-12-31 2022-06-30 2021-12-31
Price to Earnings 45.26 -3.22 24.57 266.85 -92.59 -84.00
Price to Sales 0.43 0.30 0.42 0.54 0.89 0.81 1.30
Book Value Per Common Share 22.31 21.97 19.66 22.36 25.15 22.98 22.39 24.73
Price to Book 1.08 0.89 0.65 0.77 0.90 1.51 1.32 1.94
Price to Operating Cash Flow 9.45 -24.01 13.34 7.38 74.97 -323.51
Price to Free Cash Flow 14.13 -12.00 32.31 10.16 -194.02 -61.21
Enterprise Value to EBITDA 78666.62 83116.39 97238.01 200550.43 378130.99

Earnings Data

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Earning YoY -90.73
Revenue YoY -1.04 -4.59 9.02
EBITDA YoY -35.98 -20.77 37.31
Net Profit YoY -91.22
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-12-31 2022-06-30 2021-12-31
Earning YoY 606.62
Revenue YoY 3.60 3.32 -1.88 -3.70 6.14 0.14
EBITDA YoY -11.68 19.39
Net Profit YoY 558.33

Financial Strength

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Cash Per Common Share 11.54 10.56 11.75 9.98
Quick Ratio 0.77 0.77 0.80 0.80
Current Ratio 1.12 1.11 1.15 1.19
Debt to Equity 3.15 2.69 2.62 2.78
Long-Term Debt to Equity 1.44 1.24 1.18 1.34
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-12-31 2022-06-30 2021-12-31
Cash Per Common Share 12.10 10.30 8.98 10.19 10.99 9.47 9.41 21.99
Quick Ratio 0.77 0.75 0.75 0.70 0.77 0.78 0.78 0.98
Current Ratio 1.12 1.12 1.11 1.08 1.11 1.20 1.20 1.36
Debt to Equity 3.15 3.09 3.25 2.84 2.69 2.63 2.73 2.94
Long-Term Debt to Equity 1.44 1.43 1.51 1.38 1.24 1.29 1.37 1.57

Profitability

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30
ROA -3.14 0.19 2.18 -1.31
ROE -13.02 0.71 7.88 -4.96
Gross Margin 6.61 6.32 6.71 5.71
Operating Margin 0.65 2.21 3.17 1.79
EBITDA Margin 2.89 4.47 5.38 4.27
Net Profit Margin -1.93 0.12 1.33 -0.85
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-12-31 2022-06-30 2021-12-31
ROA 0.41 -3.90 0.84 0.13 -0.32 -0.50
ROE 1.67 -16.58 3.12 0.47 -1.20 -1.99
Gross Margin 6.34 7.23 6.18 6.88 6.24 4.96 4.97
Operating Margin 3.15 -6.01 2.69 3.17 2.27 0.92
EBITDA Margin 5.37 -3.82 4.98 5.53 4.46 3.45
Net Profit Margin 0.96 -9.28 2.22 0.32 -0.86 -1.55

Dividends

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Dividend Yield 0.00
Dividend Payout Ratio -32.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-12-31 2022-06-30 2021-12-31
Dividend Yield 0.00 0.00
Dividend Payout Ratio 416.67 -109.26

Financial Statements

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Assets 8,954,000.00 9,351,000.00 9,424,000.00 9,158,000.00
   Current Assets 4,133,000.00 4,086,000.00 4,316,000.00 4,163,000.00
      Cash and Short-Term Investments 958,000.00 945,000.00 1,110,000.00 947,000.00
            Cash and Cash Equivalents 958,000.00 945,000.00 1,110,000.00 947,000.00
            Short-Term Investments 0 0 0 0
      Net Receivables 1,873,000.00 1,896,000.00 1,874,000.00 1,852,000.00
      Inventory 695,000.00 758,000.00 841,000.00 953,000.00
      Other Current Assets 607,000.00 487,000.00 491,000.00 411,000.00
   Non-Current Assets 4,821,000.00 5,265,000.00 5,108,000.00 4,995,000.00
      Property, Plant, Equipment Net 1,668,000.00 1,410,000.00 1,382,000.00 1,377,000.00
      Goodwill 1,807,000.00 2,164,000.00 2,094,000.00 2,057,000.00
      Intangible Assets 319,000.00 371,000.00 408,000.00 467,000.00
      Long-Term Investments 276,000.00 338,000.00 303,000.00 286,000.00
      Non-Current Deferred Assets 229,000.00 0 0 0
      Other Non-Current Assets 522,000.00 982,000.00 921,000.00 808,000.00
Liabilities 6,796,000.00 6,817,000.00 6,821,000.00 6,738,000.00
   Current Liabilities 3,687,000.00 3,678,000.00 3,738,000.00 3,501,000.00
      Payables and Expenses 2,942,000.00 2,552,000.00 2,526,000.00 2,478,000.00
            Account Payables 2,549,000.00 2,552,000.00 2,526,000.00 2,478,000.00
            Current Accrued Liabilities 393,000.00 0 0 0
      Short-Term Debt 11,000.00 9,000.00 134,000.00 14,000.00
      Other Current Liabilities 734,000.00 1,117,000.00 1,078,000.00 1,009,000.00
   Non-Current Liabilities 3,109,000.00 3,139,000.00 3,083,000.00 3,237,000.00
      Long-Term Debt 2,386,000.00 2,396,000.00 2,401,000.00 2,564,000.00
      Other Non-Current Liabilities 723,000.00 743,000.00 682,000.00 673,000.00
Equity 2,158,000.00 2,534,000.00 2,603,000.00 2,420,000.00
   Shareholders Equity 1,766,000.00 2,134,000.00 2,228,000.00 2,073,000.00
      Capital Stock 0 0 0 0
      Share Premium 3,602,000.00 3,712,000.00 3,973,000.00 4,026,000.00
      Retained Earnings -1,166,000.00 -885,000.00 -903,000.00 -1,108,000.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -670,000.00 -693,000.00 -842,000.00 -845,000.00
   Minority Interest 297,000.00 400,000.00 375,000.00 347,000.00
Investments 276,000.00 0 0 0
Debt 2,397,000.00 2,405,000.00 2,535,000.00 2,578,000.00
Net Debt 1,439,000.00 1,460,000.00 1,425,000.00 1,631,000.00
Common Shares Outstanding 79,151.50 84,866.76 93,697.70 94,858.16
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Revenues 14,535,000.00 14,688,000.00 15,395,000.00 14,121,000.00
Cost Of Revenue 13,574,000.00 13,760,000.00 14,362,000.00 13,314,000.00
Interest Income -10,000.00 28,000.00 22,000.00 9,000.00
Interest Expense 183,000.00 191,000.00 193,000.00 199,000.00
Net Interest -193,000.00 0 0 0
Non-Interest Expense 0 507,000.00 554,000.00 598,000.00
Gross Profit 961,000.00 928,000.00 1,033,000.00 807,000.00
Operating Expenses 0 507,000.00 554,000.00 598,000.00
   Selling, General and Administrative Expenses 522,000.00 507,000.00 554,000.00 598,000.00
   Research and Development Expenses 387,000.00 0 0 0
Operating Income 0 421,000.00 479,000.00 209,000.00
Net Non-Operating Income 0 -21,000.00 -33,000.00 10,000.00
EBT -88,000.00 133,000.00 295,000.00 54,000.00
Income Tax 103,000.00 32,000.00 0 94,000.00
Equity Method Investments Income 68,000.00 0 0 0
Net Income Including Non-Controlling Interests -191,000.00 101,000.00 295,000.00 -40,000.00
Net Income Non-Controlling Interests -90,000.00 -83,000.00 -90,000.00 -80,000.00
Net Income -281,000.00 18,000.00 205,000.00 -120,000.00
EBIT 95,000.00 324,000.00 488,000.00 253,000.00
Deprecation and Amortization 325,000.00 332,000.00 340,000.00 350,000.00
EBITDA 420,000.00 656,000.00 828,000.00 603,000.00
EPS -0.00 0.00 0.00 -0.00
Diluted EPS -0.00 0.00 0.00 -0.00
Average Shares Outstanding Basic 83,000.00 89,500.00 94,500.00 94,858.16
Average Shares Outstanding Diluted 83,000.00 90,100.00 95,400.00 94,858.16
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow 449,000.00 543,000.00 667,000.00 274,000.00
   Operating Net Income -472,000.00 101,000.00 295,000.00 -40,000.00
   Deprecation and Amortization 325,000.00 332,000.00 340,000.00 350,000.00
   Deferred Income Tax -28,000.00 -1,000.00 -124,000.00 -24,000.00
   Share Based Compensation 32,000.00 31,000.00 34,000.00 29,000.00
   Change in Working Capital -45,000.00 75,000.00 126,000.00 -109,000.00
   Other Operating Activities 637,000.00 5,000.00 -4,000.00 68,000.00
Investing Cash Flow -186,000.00 -253,000.00 -229,000.00 484,000.00
   Capital Expenditure -490,000.00 -266,000.00 -252,000.00 -227,000.00
   Net Purchase/Sale of PPE -211,000.00 15,000.00 26,000.00 20,000.00
   Net Purchase/Sale of Investments Net -2,000.00 0 0 -30,000.00
   Net Purchase/Sale of Business 0 -2,000.00 -1,000.00 721,000.00
   Other Investing Activities 517,000.00 0.00 -2,000.00 0.00
Financing Cash Flow -267,000.00 -502,000.00 -271,000.00 -1,273,000.00
   Net Issuance/Repayment of Debt -802,000.00 -138,000.00 -103,000.00 -1,001,000.00
   Net Issuance/Repurchase of Equity 125,000.00 -275,000.00 -65,000.00 0
   Dividends Paid -90,000.00 0 0 0
   Other Financing Activities 500,000.00 -89,000.00 -103,000.00 -272,000.00
Net Change in Cash 13,000.00 -212,000.00 167,000.00 -515,000.00
   Cash at Beginning of Period 945,000.00 1,110,000.00 947,000.00 1,521,000.00
   Cash at End of Period 958,000.00 945,000.00 1,110,000.00 947,000.00
Free Cash Flow -41,000.00 277,000.00 415,000.00 47,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-12-31 2022-06-30 2021-12-31
Assets 8,954,000.00 8,836,000.00 8,589,000.00 8,533,000.00 9,351,000.00 9,273,000.00 9,315,000.00 10,719,000.00
   Current Assets 4,133,000.00 4,022,000.00 3,892,000.00 3,519,000.00 4,086,000.00 4,087,000.00 4,062,000.00 5,091,000.00
      Cash and Short-Term Investments 958,000.00 860,000.00 754,000.00 860,000.00 945,000.00 901,000.00 892,000.00 2,080,000.00
            Cash and Cash Equivalents 958,000.00 860,000.00 754,000.00 860,000.00 945,000.00 901,000.00 892,000.00 2,080,000.00
            Short-Term Investments 0 0 0 0 0 0 0 0
      Net Receivables 1,873,000.00 1,826,000.00 1,887,000.00 1,415,000.00 1,896,000.00 1,755,000.00 1,761,000.00 1,597,000.00
      Inventory 695,000.00 726,000.00 719,000.00 721,000.00 758,000.00 972,000.00 953,000.00 942,000.00
      Other Current Assets 607,000.00 610,000.00 532,000.00 523,000.00 487,000.00 459,000.00 456,000.00 472,000.00
   Non-Current Assets 4,821,000.00 4,814,000.00 4,697,000.00 5,014,000.00 5,265,000.00 5,186,000.00 5,253,000.00 5,628,000.00
      Property, Plant, Equipment Net 1,668,000.00 1,389,000.00 1,344,000.00 1,334,000.00 1,410,000.00 1,687,000.00 1,736,000.00 1,878,000.00
      Goodwill 1,807,000.00 1,804,000.00 1,784,000.00 2,091,000.00 2,164,000.00 2,128,000.00 2,122,000.00 2,209,000.00
      Intangible Assets 319,000.00 329,000.00 336,000.00 344,000.00 371,000.00 463,000.00 504,000.00 549,000.00
      Long-Term Investments 276,000.00 294,000.00 293,000.00 318,000.00 338,000.00 306,000.00 348,000.00 367,000.00
      Non-Current Deferred Assets 229,000.00 0 0 0 0 0 0 0
      Other Non-Current Assets 522,000.00 998,000.00 940,000.00 927,000.00 982,000.00 602,000.00 543,000.00 625,000.00
Liabilities 6,796,000.00 6,676,000.00 6,569,000.00 6,310,000.00 6,817,000.00 6,719,000.00 6,817,000.00 7,999,000.00
   Current Liabilities 3,687,000.00 3,598,000.00 3,509,000.00 3,251,000.00 3,678,000.00 3,418,000.00 3,387,000.00 3,742,000.00
      Payables and Expenses 2,942,000.00 2,518,000.00 2,472,000.00 2,244,000.00 2,552,000.00 2,736,000.00 2,697,000.00 2,599,000.00
            Account Payables 2,549,000.00 2,518,000.00 2,472,000.00 2,244,000.00 2,552,000.00 2,422,000.00 2,361,000.00 2,284,000.00
            Current Accrued Liabilities 393,000.00 0 0 0 0 314,000.00 336,000.00 315,000.00
      Short-Term Debt 11,000.00 9,000.00 10,000.00 8,000.00 9,000.00 13,000.00 20,000.00 174,000.00
      Other Current Liabilities 734,000.00 1,071,000.00 1,027,000.00 999,000.00 1,117,000.00 669,000.00 670,000.00 969,000.00
   Non-Current Liabilities 3,109,000.00 3,078,000.00 3,060,000.00 3,059,000.00 3,139,000.00 3,301,000.00 3,430,000.00 4,257,000.00
      Long-Term Debt 2,386,000.00 2,385,000.00 2,386,000.00 2,394,000.00 2,396,000.00 2,627,000.00 2,707,000.00 3,482,000.00
      Other Non-Current Liabilities 723,000.00 693,000.00 674,000.00 665,000.00 743,000.00 674,000.00 723,000.00 775,000.00
Equity 2,158,000.00 2,160,000.00 2,020,000.00 2,223,000.00 2,534,000.00 2,554,000.00 2,498,000.00 2,720,000.00
   Shareholders Equity 1,766,000.00 1,785,000.00 1,652,000.00 1,877,000.00 2,134,000.00 2,192,000.00 2,123,000.00 2,344,000.00
      Capital Stock 0 0 0 0 0 0 0 0
      Share Premium 3,602,000.00 3,643,000.00 3,686,000.00 3,682,000.00 3,712,000.00 4,018,000.00 4,018,000.00 3,998,000.00
      Retained Earnings -1,166,000.00 -1,184,000.00 -1,220,000.00 -885,000.00 -885,000.00 -1,096,000.00 -1,153,000.00 -1,042,000.00
      Treasury Shares 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -670,000.00 -674,000.00 -814,000.00 -920,000.00 -693,000.00 -730,000.00 -742,000.00 -612,000.00
   Minority Interest 297,000.00 375,000.00 368,000.00 346,000.00 400,000.00 317,000.00 330,000.00 335,000.00
Investments 276,000.00 0 0 0 0 306,000.00 348,000.00 367,000.00
Debt 2,397,000.00 2,394,000.00 2,396,000.00 2,402,000.00 2,405,000.00 2,640,000.00 2,727,000.00 3,656,000.00
Net Debt 1,439,000.00 1,534,000.00 1,642,000.00 1,542,000.00 1,460,000.00 1,739,000.00 1,835,000.00 1,576,000.00
Common Shares Outstanding 79,151.50 81,245.93 84,016.64 83,927.51 84,866.76 95,385.07 94,813.66 94,766.38
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-12-31 2022-06-30 2021-12-31
Revenues 3,688,000.00 3,741,000.00 3,611,000.00 3,495,000.00 3,562,000.00 3,699,000.00 3,485,000.00 3,480,000.00
Cost Of Revenue 3,441,000.00 3,504,000.00 3,350,000.00 3,279,000.00 3,317,000.00 3,468,000.00 3,312,000.00 3,307,000.00
Interest Income -27,000.00 4,000.00 6,000.00 7,000.00 7,000.00 -21,000.00 0 -9,000.00
Interest Expense 36,000.00 52,000.00 48,000.00 47,000.00 49,000.00 20,000.00 39,000.00 41,000.00
Net Interest -193,000.00 0 0 0 0 -41,000.00 -39,000.00 -50,000.00
Non-Interest Expense 0 129,000.00 144,000.00 125,000.00 124,000.00 0 0 0
Gross Profit 247,000.00 237,000.00 261,000.00 216,000.00 245,000.00 231,000.00 173,000.00 173,000.00
Operating Expenses 0 129,000.00 144,000.00 125,000.00 124,000.00 0 0 0
   Selling, General and Administrative Expenses 124,000.00 129,000.00 144,000.00 125,000.00 124,000.00 138,000.00 142,000.00 162,000.00
   Research and Development Expenses 387,000.00 0 0 0 0 0 0 0
Operating Income 0 108,000.00 117,000.00 91,000.00 121,000.00 0 0 0
Net Non-Operating Income 0 -1,000.00 -1,000.00 -1,000.00 -16,000.00 0 0 0
EBT 64,000.00 66,000.00 -265,000.00 47,000.00 64,000.00 64,000.00 0 -9,000.00
Income Tax 26,000.00 7,000.00 48,000.00 22,000.00 -36,000.00 31,000.00 20,000.00 21,000.00
Equity Method Investments Income 68,000.00 0 0 0 0 28,000.00 16,000.00 33,000.00
Net Income Including Non-Controlling Interests 38,000.00 59,000.00 -313,000.00 25,000.00 100,000.00 33,000.00 -20,000.00 -30,000.00
Net Income Non-Controlling Interests -20,000.00 -23,000.00 -22,000.00 -25,000.00 -21,000.00 -21,000.00 -10,000.00 -24,000.00
Net Income 18,000.00 36,000.00 -335,000.00 0 79,000.00 12,000.00 -30,000.00 -54,000.00
EBIT 100,000.00 118,000.00 -217,000.00 94,000.00 113,000.00 84,000.00 0 32,000.00
Deprecation and Amortization 83,000.00 83,000.00 79,000.00 80,000.00 84,000.00 81,000.00 0.00 88,000.00
EBITDA 183,000.00 201,000.00 -138,000.00 174,000.00 197,000.00 165,000.00 0 120,000.00
EPS 0.00 0.00 -0.00 0 0.00 0.00 -0.00 -0.00
Diluted EPS 0.00 0.00 -0.00 0 0.00 0.00 -0.00 -0.00
Average Shares Outstanding Basic 80,100.00 83,500.00 84,000.00 84,400.00 86,000.00 95,100.00 94,800.00 94,600.00
Average Shares Outstanding Diluted 79,600.00 83,700.00 84,000.00 84,700.00 86,500.00 95,900.00 94,800.00 94,600.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-12-31 2022-06-30 2021-12-31
Operating Cash Flow 213,000.00 172,000.00 -45,000.00 109,000.00 263,000.00 44,000.00 0.00 -14,000.00
   Operating Net Income -243,000.00 59,000.00 -313,000.00 25,000.00 100,000.00 45,000.00 34,000.00 -84,000.00
   Deprecation and Amortization 83,000.00 83,000.00 79,000.00 80,000.00 84,000.00 81,000.00 0.00 88,000.00
   Deferred Income Tax -29,000.00 -16,000.00 10,000.00 7,000.00 -8,000.00 -1,000.00 0.00 -3,000.00
   Share Based Compensation 12,000.00 10,000.00 5,000.00 5,000.00 3,000.00 8,000.00 0.00 10,000.00
   Change in Working Capital 97,000.00 39,000.00 -191,000.00 10,000.00 52,000.00 -64,000.00 0.00 -55,000.00
   Other Operating Activities 293,000.00 -3,000.00 365,000.00 -18,000.00 32,000.00 -25,000.00 0.00 30,000.00
Investing Cash Flow -59,000.00 -49,000.00 -44,000.00 -34,000.00 -70,000.00 -50,000.00 0.00 652,000.00
   Capital Expenditure -324,000.00 -57,000.00 -45,000.00 -64,000.00 -72,000.00 -61,000.00 0.00 -60,000.00
   Net Purchase/Sale of PPE -227,000.00 8,000.00 2,000.00 6,000.00 1,000.00 -46,000.00 0.00 -49,000.00
   Net Purchase/Sale of Investments Net -2,000.00 0 0 0 0 -1,000.00 262,000.00 0
   Net Purchase/Sale of Business 0 0 0 27,000.00 1,000.00 3,000.00 0.00 731,000.00
   Net Loan & Lease Activity 0 0 0 0
   Other Investing Activities 521,000.00 0.00 -1,000.00 -3,000.00 0.00 55,000.00 0.00 30,000.00
Financing Cash Flow -55,000.00 -63,000.00 -47,000.00 -102,000.00 -189,000.00 -69,000.00 0.00 -79,000.00
   Net Issuance/Repayment of Debt -795,000.00 -4,000.00 0 -3,000.00 -136,000.00 -2,000.00 0.00 -8,000.00
   Net Issuance/Repurchase of Equity 200,000.00 -50,000.00 0 -25,000.00 -50,000.00 0 0.00 0
   Dividends Paid -90,000.00 0 0 0 0 -50,000.00 0.00 -59,000.00
   Other Financing Activities 630,000.00 -9,000.00 -47,000.00 -74,000.00 -3,000.00 -17,000.00 0.00 -12,000.00
Net Change in Cash 116,000.00 60,000.00 -136,000.00 -27,000.00 4,000.00 -46,000.00 0.00 559,000.00
   Cash at Beginning of Period 842,000.00 754,000.00 860,000.00 945,000.00 890,000.00 947,000.00 0 1,521,000.00
   Cash at End of Period 958,000.00 860,000.00 754,000.00 860,000.00 945,000.00 901,000.00 892,000.00 2,080,000.00
Free Cash Flow -111,000.00 115,000.00 -90,000.00 45,000.00 191,000.00 -17,000.00 0.00 -74,000.00