Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 10.68 11.79 8.74 14.50
Price to Sales 4.85 4.52 4.36 7.99
Book Value Per Common Share 9.02 15.64 16.65 16.61
Price to Book 0.92 0.77 0.94 1.37
Price to Operating Cash Flow 8.05 11.52 9.96 31.91
Price to Free Cash Flow 8.05 11.52 9.96 31.91
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -6.72 -7.47 30.94 -166.60 170.17
Price to Sales -26.62 19.24 20.66 24.26 49.56
Book Value Per Common Share 7.49 8.18 8.89 9.02 9.42
Price to Book 0.51 0.55 0.63 0.92 1.08
Price to Operating Cash Flow 13.85 56.28 31.38 81.75 79.89
Price to Free Cash Flow 13.85 56.28 31.38 81.75 79.89
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -23.53 -43.33 14.65
Revenue YoY -33.88 -24.41 87.85
EBITDA YoY
Net Profit YoY -19.89 -41.69 71.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY -13.60 -20.41 75.69
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share
Quick Ratio
Current Ratio
Debt to Equity 1.00 0.46 0.53 0.70
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share
Quick Ratio
Current Ratio
Debt to Equity 0.71 0.57 0.60 1.00 0.78
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 4.17 4.49 6.92 4.52
ROE 8.33 6.55 10.60 7.69
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 46.94 38.74 50.23 55.14
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -4.33 -4.53 1.26 -0.25 0.38
ROE -7.38 -7.13 2.03 -0.49 0.67
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin -255.76 68.28 -13.25 32.48

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00 0.00 0.00
Dividend Payout Ratio 238.25 203.00 115.83 68.52
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield 0.00 0.00 0.00 0.00 0.00
Dividend Payout Ratio -27.13 -39.48 181.18 -728.27 940.95

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 402,057.31 466,585.05 519,176.90 464,848.36
      Cash and Short-Term Investments 0 0 0 0
            Cash and Cash Equivalents 103,610.46 90,381.83 140,372.84 109,246.05
            Short-Term Investments 0 0 0 15,881.25
      Net Receivables 1,982.90 5,553.44 5,257.48 4,412.94
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 0 0 0 0
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 15,881.25
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 200,681.17 146,532.83 180,117.53 191,773.19
      Payables and Expenses 11,401.00 15,688.11 21,394.98 18,143.02
            Account Payables 894.61 894.00 4,237.61 5,774.11
            Current Accrued Liabilities 3,129.76 4,957.98 5,735.39 4,147.50
      Short-Term Debt 100,000.00 42,000.00 60,000.00 74,845.35
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 88,612.15 88,014.56 97,131.78 96,572.66
      Other Non-Current Liabilities 0 0 0 0
Equity 201,376.14 320,052.22 339,059.37 273,075.17
   Shareholders Equity 201,376.14 320,052.22 339,059.37 273,075.17
      Capital Stock 223.33 204.58 203.64 163.87
      Share Premium 251,865.76 349,805.89 348,817.91 274,172.93
      Retained Earnings -50,712.95 -29,958.24 -9,962.19 -1,092.88
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 -168.75
   Minority Interest 0 0 0 0
Debt 188,612.15 130,014.56 157,131.78 171,418.01
Net Debt 85,001.69 39,632.73 16,758.94 62,171.96
Common Shares Outstanding 22,332.93 20,457.70 20,364.00 16,442.81
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 35,755.23 54,079.05 71,541.55 38,083.46
Interest Income 51,991.79 70,290.35 81,498.72 38,140.49
Interest Expense 6,336.31 6,357.46 6,814.07 1,126.85
Non-Interest Expense 17,284.05 21,556.00 23,405.36 14,398.46
   Selling, General and Administrative Expenses 5,358.74 6,013.28 6,038.15 4,958.66
EBT 14,309.72 22,376.71 36,958.72 21,035.66
Income Tax 447.59 1,659.34 1,026.32 35.17
Net Income Including Non-Controlling Interests 16,784.21 20,952.00 35,932.40 21,000.50
Net Income 16,784.21 20,952.00 35,932.40 21,000.50
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 20,821.24 20,321.09 19,842.22 13,373.78
Average Shares Outstanding Diluted 20,888.98 20,345.92 19,957.74 13,808.84
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 21,557.67 21,228.93 31,321.97 9,538.56
   Operating Net Income 13,862.14 20,717.38 35,932.40 21,000.50
   Deprecation and Amortization 0 0 0 0
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 1,390.98 988.91 1,338.47 1,745.87
   Change in Working Capital -942.23 -4,597.47 -1,058.14 -4,803.65
   Other Operating Activities 7,246.79 4,120.11 -4,890.75 -8,404.16
Investing Cash Flow -4,848.92 28,519.38 -16,343.68 -248,458.09
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 15,900.00 -16,050.00
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0 28,519.38 -32,243.69 -232,408.09
Financing Cash Flow -34,724.75 -68,494.70 16,148.50 338,541.75
   Net Issuance/Repayment of Debt 58,000.00 -25,737.50 -15,000.00 175,000.00
   Net Issuance/Repurchase of Equity 15,723.06 0 0 0
   Dividends Paid -39,988.75 -42,532.20 -41,619.27 -14,389.69
   Other Financing Activities -68,459.06 -225.00 0 0
Net Change in Cash -18,015.99 -18,746.39 31,126.79 99,622.23
   Cash at Beginning of Period 121,626.45 140,372.84 109,246.05 9,623.82
   Cash at End of Period 103,610.46 121,626.45 140,372.84 109,246.05
Free Cash Flow 21,557.67 21,228.93 31,321.97 9,538.56
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 288,717.22 290,589.96 321,655.29 402,057.31 366,618.41
      Cash and Short-Term Investments 0 0 0 0 0
            Cash and Cash Equivalents 45,120.39 3,410.07 3,318.30 103,610.46 122,163.73
            Short-Term Investments 0 0 0 0 0
      Net Receivables 781.23 1,577.59 1,816.08 1,982.90 1,473.64
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 0 0 0 0 0
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 119,378.40 105,858.88 120,854.80 200,681.17 160,557.10
      Payables and Expenses 7,037.99 5,687.88 8,882.26 11,401.00 11,272.27
            Account Payables 2,199.81 941.21 2,300.45 894.61 2,170.42
            Current Accrued Liabilities 1,449.00 1,357.40 1,384.72 3,129.76 1,860.19
      Short-Term Debt 22,000.00 10,400.00 22,250.00 100,000.00 60,000.00
      Other Current Liabilities 0 0 0 0 0
      Long-Term Debt 89,057.90 88,907.68 88,759.10 88,612.15 88,461.94
      Other Non-Current Liabilities 0 0 0 0 0
Equity 169,338.82 184,731.07 200,800.49 201,376.14 206,061.31
   Shareholders Equity 169,338.82 184,731.07 200,800.49 201,376.14 206,061.31
      Capital Stock 225.94 225.95 225.96 223.33 218.82
      Share Premium 253,388.83 252,901.39 252,416.88 251,865.76 248,194.05
      Retained Earnings -84,275.96 -68,396.27 -51,842.35 -50,712.95 -42,351.55
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Debt 111,057.90 99,307.68 111,009.10 188,612.15 148,461.94
Net Debt 65,937.51 95,897.62 107,690.80 85,001.69 26,298.20
Common Shares Outstanding 22,594.54 22,595.11 22,596.01 22,332.93 21,882.05
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues -3,181.48 5,147.36 5,957.50 7,485.38 4,260.61
Interest Income 8,162.07 8,061.51 8,458.25 9,224.07 10,455.02
Interest Expense 1,631.13 1,858.17 1,815.27 1,587.16 1,572.70
Non-Interest Expense 2,810.91 2,598.49 2,476.83 3,549.42 2,475.20
   Selling, General and Administrative Expenses 1,161.78 1,330.25 1,288.71 1,285.59 1,075.95
EBT -13,365.17 -13,302.69 4,180.09 -1,374.54 1,604.05
Income Tax -874.66 -138.04 112.41 -383.00 386.26
Net Income Including Non-Controlling Interests -12,490.51 -13,164.65 4,067.68 -991.53 1,383.73
Net Income -12,490.51 -13,164.65 4,067.68 -991.53 1,383.73
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 22,114.76 22,114.34 22,097.98 21,797.70 20,684.15
Average Shares Outstanding Diluted 22,160.18 22,116.89 22,110.10 21,917.86 20,785.85
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 6,114.87 1,759.99 3,921.37 2,222.03 2,643.55
   Operating Net Income -12,490.51 -13,164.65 4,067.68 -991.53 -1,538.33
   Deprecation and Amortization 0 0 0 0 0
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 487.44 484.50 553.75 259.77 218.64
   Change in Working Capital 1,795.45 -1,582.03 41.52 -1,554.16 -2,180.61
   Other Operating Activities 16,322.49 16,022.17 -741.58 4,507.95 6,143.85
Investing Cash Flow 27,394.73 15,529.77 -19,077.66 -56,935.68 -6,990.14
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 27,394.73 15,529.77 -19,077.66 -56,935.68 -6,990.14
Financing Cash Flow 8,200.73 -17,198.00 -85,135.87 36,160.38 -43,787.73
   Net Issuance/Repayment of Debt 11,600.00 -11,850.00 -77,750.00 40,000.00 25,000.00
   Net Issuance/Repurchase of Equity 0 0 0 3,512.39 0
   Dividends Paid -3,389.27 -5,197.08 -7,369.87 -7,221.08 -13,020.27
   Other Financing Activities 0 0 0 -130.93 0
Net Change in Cash 41,710.32 91.76 -100,292.16 -18,553.27 -48,134.32
   Cash at Beginning of Period 3,410.07 3,318.30 103,610.46 122,163.73 170,298.05
   Cash at End of Period 45,120.39 3,410.07 3,318.30 103,610.46 122,163.73
Free Cash Flow 6,114.87 1,759.99 3,921.37 2,222.03 2,643.55