Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 14.68 116.44 22.67 -43.05
Price to Sales 1.79 1.45 1.76 7.68
Book Value Per Common Share 0.89 0.82 0.83 0.77
Price to Book 0.99 0.64 0.82 1.12
Price to Operating Cash Flow 5.13 42.60 6.58 782.73
Price to Free Cash Flow 6.35 -10.80 19.49 -47.83
Enterprise Value to EBITDA 68064.12 241769.46 80761.78 1686146.09
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 105.00 180.00 46.00 22.03 110.00
Price to Sales 36.92 23.79 13.76 4.60 10.17
Book Value Per Common Share 1.18 0.99 0.93 0.89 0.84
Price to Book 4.45 3.64 1.97 0.99 1.30
Price to Operating Cash Flow 93.25 62.18 340.74 7.21 35.83
Price to Free Cash Flow -90.05 117.26 -408.89 7.89 53.66
Enterprise Value to EBITDA 694376.01 698946.19 265794.25 132586.58 396307.37

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 1233.33 -85.00
Revenue YoY 50.78 -0.67 293.54
EBITDA YoY 552.11 -72.00 1809.00
Net Profit YoY 1394.46 -82.49
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 150.00 -50.00 0.00 300.00
Revenue YoY -3.50 15.76 -22.75 66.82
EBITDA YoY 54.63 -23.04 5.02 148.27
Net Profit YoY 168.92 -49.01 10.31 335.59

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.20 0.02 0.10 0.25
Quick Ratio 1.99 0.92 1.05 7.63
Current Ratio 2.62 1.70 1.53 9.23
Debt to Equity 0.19 0.21 0.24 0.10
Long-Term Debt to Equity 0.06 0.08 0.07 0.05
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.39 0.26 0.19 0.21 0.06
Quick Ratio 2.19 2.41 2.24 1.99 1.22
Current Ratio 2.75 3.19 3.11 2.62 2.36
Debt to Equity 0.22 0.21 0.19 0.19 0.18
Long-Term Debt to Equity 0.06 0.08 0.08 0.06 0.08

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 5.45 0.42 2.55 -2.38
ROE 6.46 0.51 3.16 -2.62
Gross Margin 35.06 17.82 34.09 31.59
Operating Margin 22.38 -0.29 17.60 -14.20
EBITDA Margin 27.49 6.36 22.55 4.65
Net Profit Margin 12.24 1.23 7.01 -18.32
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 3.47 1.64 3.56 3.42 0.86
ROE 4.23 1.98 4.25 4.06 1.02
Gross Margin 47.07 46.89 56.07 42.88 39.06
Operating Margin 51.01 30.38 47.45 34.69 20.18
EBITDA Margin 55.47 34.62 52.08 38.31 25.74
Net Profit Margin 36.60 13.13 29.82 20.88 8.00

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 148,711.00 128,340.00 121,196.00 86,278.00
   Current Assets 40,769.00 23,535.00 25,585.00 35,478.00
      Cash and Short-Term Investments 27,317.00 2,688.00 11,245.00 24,765.00
            Cash and Cash Equivalents 27,317.00 2,688.00 11,245.00 24,765.00
            Short-Term Investments 0 0 0 0
      Net Receivables 3,563.00 10,050.00 6,409.00 4,572.00
      Inventory 7,611.00 8,826.00 6,260.00 5,179.00
      Other Current Assets 2,278.00 1,971.00 1,671.00 962.00
   Non-Current Assets 107,942.00 104,805.00 95,611.00 50,800.00
      Property, Plant, Equipment Net 106,691.00 103,180.00 93,860.00 46,728.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 1,247.00 934.00 1,746.00 3,939.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 4.00 691.00 5.00 133.00
Liabilities 23,312.00 22,339.00 23,175.00 7,771.00
   Current Liabilities 15,534.00 13,808.00 16,764.00 3,843.00
      Payables and Expenses 13,417.00 11,994.00 10,392.00 3,454.00
            Account Payables 10,292.00 11,867.00 9,469.00 3,260.00
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 1,642.00 1,814.00 5,897.00 389.00
      Other Current Liabilities 475.00 0.00 475.00 0.00
   Non-Current Liabilities 7,778.00 8,531.00 6,411.00 3,928.00
      Long-Term Debt 987.00 1,640.00 745.00 680.00
      Other Non-Current Liabilities 6,791.00 6,891.00 5,666.00 3,248.00
Equity 125,399.00 106,001.00 98,021.00 78,507.00
   Shareholders Equity 125,399.00 106,001.00 98,021.00 78,507.00
      Capital Stock 163,325.00 151,688.00 145,515.00 129,953.00
      Share Premium 0 0 0 0
      Retained Earnings -43,323.00 -51,423.00 -52,026.00 -55,953.00
      Treasury Shares 97.00 97.00 97.00 97.00
      Accumulated Other Comprehensive Income 5,494.00 5,833.00 4,629.00 4,604.00
   Minority Interest 0 0 0 0
Debt 2,629.00 3,454.00 6,642.00 1,069.00
Common Shares Outstanding 140,565.64 128,728.25 118,334.91 102,229.03
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 66,178.00 43,889.00 44,187.00 11,228.00
Cost Of Revenue 42,977.00 36,070.00 29,125.00 7,681.00
Interest Income 364.00 414.00 20.00 178.00
Interest Expense 387.00 381.00 99.00 24.00
Non-Interest Expense 8,108.00 7,754.00 6,065.00 4,895.00
Gross Profit 23,201.00 7,819.00 15,062.00 3,547.00
Operating Expenses 8,458.00 7,938.00 6,249.00 5,258.00
   Selling, General and Administrative Expenses 8,108.00 7,754.00 6,065.00 4,895.00
   Other Operating Expenses 197.00 49.00 44.00 223.00
Operating Income 14,743.00 -119.00 8,813.00 -1,711.00
Net Non-Operating Income 0 0 -81.00 -176.00
EBT 14,421.00 -510.00 7,680.00 -1,618.00
Income Tax 6,321.00 -1,052.00 4,584.00 439.00
Net Income Including Non-Controlling Interests 8,100.00 542.00 3,096.00 -2,057.00
Net Income 8,100.00 542.00 3,096.00 -2,057.00
EBIT 14,808.00 -129.00 7,779.00 -1,594.00
Deprecation and Amortization 3,386.00 2,919.00 2,186.00 2,116.00
EBITDA 18,194.00 2,790.00 9,965.00 522.00
EPS 0.00 0.00 0.00 -0.00
Diluted EPS 0.00 0.00 0.00 -0.00
Average Shares Outstanding Basic 134,599.53 121,261.70 114,372.37 100,161.36
Average Shares Outstanding Diluted 141,331.86 125,346.67 117,615.90 100,161.36
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 23,124.00 1,488.00 11,831.00 109.00
   Operating Net Income 8,100.00 542.00 3,096.00 -2,057.00
   Deprecation and Amortization 3,386.00 2,919.00 2,186.00 2,116.00
   Deferred Income Tax 33.00 -525.00 3,440.00 412.00
   Share Based Compensation 2,035.00 2,269.00 2,024.00 1,469.00
   Change in Working Capital 8,035.00 -4,761.00 1,044.00 -1,548.00
   Other Operating Activities 1,535.00 1,044.00 41.00 -283.00
Investing Cash Flow -6,560.00 -13,531.00 -24,101.00 -3,207.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -4,455.00 -7,375.00 -7,836.00 -1,913.00
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 -5,000.00 -15,134.00 0
   Other Investing Activities 0 0 0 -1,294.00
Financing Cash Flow 8,015.00 3,488.00 -1,149.00 16,092.00
   Net Issuance/Repayment of Debt -2,075.00 -1,666.00 -1,179.00 -3,049.00
   Net Issuance/Repurchase of Equity 9,104.00 5,154.00 0 18,098.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 986.00 0.00 30.00 1,043.00
Net Change in Cash 24,579.00 -8,555.00 -13,419.00 12,994.00
   Cash at Beginning of Period 2,688.00 11,245.00 24,765.00 11,713.00
   Cash at End of Period 27,317.00 2,688.00 11,245.00 24,765.00
Free Cash Flow 18,669.00 -5,887.00 3,995.00 -1,804.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 221,858.00 174,680.00 157,693.00 148,711.00 135,366.00
   Current Assets 79,749.00 59,157.00 46,169.00 40,769.00 27,566.00
      Cash and Short-Term Investments 57,331.00 37,279.00 26,627.00 27,317.00 7,767.00
            Cash and Cash Equivalents 57,331.00 37,279.00 26,627.00 27,317.00 7,767.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 6,148.00 7,354.00 6,569.00 3,563.00 6,522.00
      Inventory 12,000.00 10,516.00 9,880.00 7,611.00 10,874.00
      Other Current Assets 4,270.00 4,008.00 3,093.00 2,278.00 2,403.00
   Non-Current Assets 142,109.00 115,523.00 111,524.00 107,942.00 107,800.00
      Property, Plant, Equipment Net 136,264.00 111,695.00 108,202.00 106,691.00 106,330.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 3,579.00 1,690.00 1,691.00 1,247.00 1,466.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 2,266.00 2,138.00 1,631.00 4.00 4.00
Liabilities 39,736.00 29,907.00 25,405.00 23,312.00 20,877.00
   Current Liabilities 28,954.00 18,542.00 14,830.00 15,534.00 11,688.00
      Payables and Expenses 18,246.00 15,587.00 12,251.00 13,417.00 9,960.00
            Account Payables 12,768.00 12,174.00 10,067.00 10,292.00 9,243.00
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 2,547.00 2,955.00 2,509.00 1,642.00 1,728.00
      Other Current Liabilities 8,161.00 0.00 70.00 475.00 0.00
   Non-Current Liabilities 10,782.00 11,365.00 10,575.00 7,778.00 9,189.00
      Long-Term Debt 2,121.00 2,493.00 2,520.00 987.00 1,420.00
      Other Non-Current Liabilities 8,661.00 8,872.00 8,055.00 6,791.00 7,769.00
Equity 182,122.00 144,773.00 132,288.00 125,399.00 114,489.00
   Shareholders Equity 182,122.00 144,773.00 132,288.00 125,399.00 114,489.00
      Capital Stock 203,434.00 173,527.00 164,993.00 163,325.00 156,908.00
      Share Premium 0 0 0 0 0
      Retained Earnings -27,075.00 -34,842.00 -37,706.00 -43,323.00 -48,415.00
      Treasury Shares 97.00 97.00 97.00 97.00 97.00
      Accumulated Other Comprehensive Income 5,860.00 6,185.00 5,098.00 5,494.00 6,093.00
   Minority Interest 0 0 0 0 0
Debt 4,668.00 5,448.00 5,029.00 2,629.00 3,148.00
Common Shares Outstanding 154,390.55 146,566.02 141,695.51 140,565.64 135,537.54
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 21,042.00 21,805.00 18,836.00 24,382.00 14,616.00
Cost Of Revenue 11,137.00 11,581.00 8,274.00 13,926.00 8,907.00
Interest Income 342.00 170.00 163.00 287.00 0
Interest Expense 27.00 114.00 81.00 139.00 154.00
Non-Interest Expense 2,952.00 3,254.00 2,448.00 2,103.00 1,947.00
Gross Profit 9,905.00 10,224.00 10,562.00 10,456.00 5,709.00
Operating Expenses 3,053.00 3,345.00 2,533.00 2,188.00 2,035.00
   Selling, General and Administrative Expenses 2,952.00 3,254.00 2,448.00 2,103.00 1,947.00
   Other Operating Expenses 56.00 52.00 48.00 46.00 49.00
Operating Income 6,852.00 6,879.00 8,029.00 8,268.00 3,674.00
Net Non-Operating Income 0 -421.00 0 0 0
EBT 10,706.00 6,511.00 8,856.00 8,319.00 2,796.00
Income Tax 3,004.00 3,647.00 3,239.00 3,227.00 1,627.00
Net Income Including Non-Controlling Interests 7,702.00 2,864.00 5,617.00 5,092.00 1,169.00
Net Income 7,702.00 2,864.00 5,617.00 5,092.00 1,169.00
EBIT 10,733.00 6,625.00 8,937.00 8,458.00 2,950.00
Deprecation and Amortization 940.00 924.00 872.00 882.00 812.00
EBITDA 11,673.00 7,549.00 9,809.00 9,340.00 3,762.00
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 147,988.16 144,108.23 140,863.36 127,300.00 135,070.08
Average Shares Outstanding Diluted 157,140.21 154,134.48 147,827.21 169,733.33 140,429.86
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 8,329.00 8,350.00 758.00 15,551.00 4,148.00
   Operating Net Income 7,702.00 2,864.00 5,617.00 5,092.00 1,169.00
   Deprecation and Amortization 940.00 924.00 872.00 882.00 812.00
   Deferred Income Tax -329.00 586.00 1,207.00 -1,028.00 369.00
   Share Based Compensation 1,165.00 1,320.00 362.00 434.00 530.00
   Change in Working Capital 1,048.00 2,081.00 -6,603.00 9,604.00 188.00
   Other Operating Activities -2,197.00 575.00 -697.00 567.00 1,080.00
Investing Cash Flow -17,069.00 -3,961.00 -1,796.00 -1,528.00 -1,767.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -16,952.00 -3,920.00 -1,386.00 -1,343.00 -1,381.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0 0 0 -185.00 -386.00
Financing Cash Flow 28,771.00 6,285.00 350.00 5,510.00 76.00
   Net Issuance/Repayment of Debt -787.00 -595.00 -466.00 -578.00 -488.00
   Net Issuance/Repurchase of Equity 28,997.00 6,757.00 182.00 5,474.00 251.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 561.00 123.00 634.00 614.00 313.00
Net Change in Cash 20,031.00 10,674.00 -688.00 19,533.00 2,457.00
   Cash at Beginning of Period 37,279.00 26,627.00 27,317.00 7,767.00 5,311.00
   Cash at End of Period 57,331.00 37,279.00 26,627.00 27,317.00 7,767.00
Free Cash Flow -8,623.00 4,430.00 -628.00 14,208.00 2,767.00