ASR
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 0.87 | 0.70 | 1.03 | |
| Price to Sales | 2.47 | 0.34 | 0.28 | 0.33 |
| Book Value Per Common Share | 180.71 | 149.82 | 138.74 | 123.92 |
| Price to Book | 1.43 | 1.96 | 1.68 | 1.66 |
| Price to Operating Cash Flow | 4.96 | 0.66 | 0.52 | 0.60 |
| Price to Free Cash Flow | 6.92 | 0.73 | 0.65 | 0.93 |
| Enterprise Value to EBITDA | 32857.07 | 49553.92 | 41117.24 | 56422.04 |
| Breakdown | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|
| Price to Earnings | 2.51 | 3.10 | |
| Price to Sales | 8.57 | 1.13 | 1.29 |
| Book Value Per Common Share | 180.71 | 167.64 | 159.12 |
| Price to Book | 1.43 | 1.69 | 2.00 |
| Price to Operating Cash Flow | 17.31 | 2.24 | 2.77 |
| Price to Free Cash Flow | 40.00 | 3.08 | 2.92 |
| Enterprise Value to EBITDA | 126034.03 | 145388.25 | 179246.91 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | 2.17 | 66.89 | 203.39 | |
| Revenue YoY | 21.34 | 2.01 | 34.76 | |
| EBITDA YoY | 32.04 | 4.80 | 55.08 | |
| Net Profit YoY | 32.81 | 2.17 | 66.89 |
| Breakdown | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|
| Earning YoY | 9.70 | ||
| Revenue YoY | 20.54 | 0.65 | |
| EBITDA YoY | 5.10 | 9.39 | |
| Net Profit YoY | 0.99 | 9.70 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 66.94 | 462.43 | 439.17 | 292.34 |
| Quick Ratio | 3.94 | 3.47 | 2.93 | 2.95 |
| Current Ratio | 4.36 | 3.88 | 3.25 | 3.08 |
| Debt to Equity | 0.36 | 0.36 | 0.45 | 0.44 |
| Long-Term Debt to Equity | 0.26 | 0.27 | 0.33 | 0.36 |
| Breakdown | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|
| Cash Per Common Share | 66.94 | 616.12 | 560.76 |
| Quick Ratio | 3.94 | 4.27 | 4.23 |
| Current Ratio | 4.36 | 4.65 | 4.54 |
| Debt to Equity | 0.36 | 0.35 | 0.34 |
| Long-Term Debt to Equity | 0.26 | 0.27 | 0.25 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 16.20 | 14.51 | 14.08 | 9.09 |
| ROE | 21.99 | 19.78 | 20.37 | 13.07 |
| Gross Margin | 56.94 | 60.27 | 57.83 | 47.49 |
| Operating Margin | 67.66 | 60.98 | 59.02 | 47.74 |
| EBITDA Margin | 75.07 | 68.99 | 67.15 | 58.35 |
| Net Profit Margin | 43.25 | 39.52 | 39.45 | 31.85 |
| Breakdown | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|
| ROA | 4.08 | 4.31 | 4.22 |
| ROE | 5.54 | 5.84 | 5.67 |
| Gross Margin | 26.37 | 65.39 | 72.69 |
| Operating Margin | 61.21 | 69.93 | 64.42 |
| EBITDA Margin | 67.98 | 77.97 | 71.74 |
| Net Profit Margin | 37.85 | 45.18 | 41.45 |
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 | 46.33 | 58.60 | 45.15 | 41.16 |
| Breakdown | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|
| Dividend Yield | |||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 83,636,752.00 | 70,342,424.00 | 70,919,521.00 | 65,830,728.00 |
| Current Assets | 25,656,011.00 | 18,733,197.00 | 18,080,170.00 | 11,662,100.00 |
| Cash and Short-Term Investments | 20,083,457.00 | 13,872,897.00 | 13,174,991.00 | 8,770,062.00 |
| Cash and Cash Equivalents | 20,083,457.00 | 13,872,897.00 | 13,174,991.00 | 8,770,062.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 3,122,587.00 | 2,867,271.00 | 3,134,175.00 | 2,400,574.00 |
| Inventory | 58,220.00 | 60,360.00 | 64,716.00 | 57,101.00 |
| Other Current Assets | 2,391,747.00 | 1,932,669.00 | 1,706,288.00 | 434,363.00 |
| Non-Current Assets | 57,980,740.00 | 51,609,227.00 | 52,839,351.00 | 54,168,628.00 |
| Property, Plant, Equipment Net | 268,449.00 | 184,016.00 | 171,004.00 | 184,590.00 |
| Goodwill | 2,623,663.00 | 2,149,185.00 | 2,469,378.00 | 2,603,242.00 |
| Intangible Assets | 53,262,500.00 | 47,160,878.00 | 50,188,703.00 | 51,370,107.00 |
| Long-Term Investments | 1,826,128.00 | 2,115,148.00 | 10,266.00 | 10,689.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Liabilities | 22,024,127.00 | 18,751,226.00 | 21,903,914.00 | 20,060,672.00 |
| Current Liabilities | 5,887,006.00 | 4,827,227.00 | 5,563,973.00 | 3,786,398.00 |
| Payables and Expenses | 4,732,980.00 | 3,571,221.00 | 3,670,430.00 | 3,183,744.00 |
| Account Payables | 465,208.00 | 511,652.00 | 537,966.00 | 690,050.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 |
| Short-Term Debt | 1,154,026.00 | 1,256,006.00 | 1,893,543.00 | 602,654.00 |
| Other Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Liabilities | 16,137,121.00 | 13,923,999.00 | 16,339,941.00 | 16,274,274.00 |
| Long-Term Debt | 12,227,926.00 | 10,991,131.00 | 13,334,765.00 | 13,201,403.00 |
| Other Non-Current Liabilities | 3,909,195.00 | 2,932,868.00 | 3,005,176.00 | 3,072,871.00 |
| Equity | 61,612,625.00 | 51,591,198.00 | 49,015,607.00 | 45,770,056.00 |
| Shareholders Equity | 54,212,922.00 | 44,945,348.00 | 41,620,774.00 | 37,176,551.00 |
| Capital Stock | 7,767,276.00 | 7,767,276.00 | 7,767,276.00 | 7,767,276.00 |
| Share Premium | 0 | 0 | 0 | 0 |
| Retained Earnings | 20,320,736.00 | 24,700,966.00 | 20,731,444.00 | 15,551,586.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 26,124,910.00 | 12,477,106.00 | 13,122,054.00 | 13,857,689.00 |
| Minority Interest | 7,399,703.00 | 6,645,850.00 | 7,394,833.00 | 8,593,505.00 |
| Debt | 13,381,952.00 | 12,247,137.00 | 15,228,308.00 | 13,804,057.00 |
| Net Debt | 0 | 0 | 2,029,770.00 | 5,009,485.00 |
| Common Shares Outstanding | 300,000.00 | 300,000.00 | 300,000.00 | 300,000.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 31,332,787.00 | 25,821,644.00 | 25,313,882.00 | 18,784,661.00 | 0 |
| Cost Of Revenue | 13,493,343.00 | 10,258,919.00 | 10,674,904.00 | 9,863,831.00 | 0 |
| Interest Income | 1,615,065.00 | 1,349,317.00 | 450,261.00 | 202,146.00 | 0 |
| Interest Expense | 826,708.00 | 1,125,862.00 | 855,518.00 | 842,386.00 | 0 |
| Non-Interest Expense | 319,638.00 | 319,200.00 | 287,061.00 | 263,156.00 | 0 |
| Gross Profit | 17,839,444.00 | 15,562,725.00 | 14,638,978.00 | 8,920,830.00 | 0 |
| Operating Expenses | 319,638.00 | 319,200.00 | 287,061.00 | 263,156.00 | 0 |
| Selling, General and Administrative Expenses | 319,638.00 | 319,200.00 | 287,061.00 | 263,156.00 | 0 |
| Other Operating Expenses | 0 | 0 | -346,232.00 | 0 | -158,881.00 |
| Operating Income | 17,519,806.00 | 15,243,525.00 | 14,351,917.00 | 8,657,674.00 | 0 |
| Net Non-Operating Income | 0 | 0 | 300,384.00 | 0 | 0 |
| EBT | 20,372,893.00 | 14,620,087.00 | 14,084,733.00 | 8,126,035.00 | 0 |
| Income Tax | 6,342,455.00 | 3,944,143.00 | 3,438,809.00 | 1,728,507.00 | 0 |
| Net Income Including Non-Controlling Interests | 14,030,438.00 | 10,675,944.00 | 10,645,924.00 | 6,397,528.00 | 0 |
| Net Income Non-Controlling Interests | -479,009.00 | -472,231.00 | -659,376.00 | -413,781.00 | 0 |
| Net Income | 13,551,429.00 | 10,203,713.00 | 9,986,548.00 | 5,983,747.00 | 0 |
| EBIT | 21,199,601.00 | 15,745,949.00 | 14,940,251.00 | 8,968,421.00 | 0 |
| Deprecation and Amortization | 2,322,984.00 | 2,069,157.00 | 2,059,237.00 | 1,993,342.00 | 0 |
| EBITDA | 23,522,585.00 | 17,815,106.00 | 16,999,488.00 | 10,961,763.00 | 0 |
| EPS | 0 | 0.34 | 0.33 | 0.20 | 0.07 |
| Diluted EPS | 0 | 0.34 | 0.33 | 0.20 | 0.07 |
| Average Shares Outstanding Basic | 0 | 29,999.98 | 29,999.99 | 30,000.03 | 29,999.99 |
| Average Shares Outstanding Diluted | 0 | 29,999.98 | 29,999.99 | 30,000.03 | 29,999.99 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 15,571,041.00 | 13,445,191.00 | 13,518,437.00 | 10,347,025.00 |
| Operating Net Income | 20,372,893.00 | 14,620,087.00 | 14,084,733.00 | 8,126,035.00 |
| Deprecation and Amortization | 2,322,984.00 | 2,069,157.00 | 2,059,237.00 | 1,993,342.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 |
| Change in Working Capital | -64,668.00 | -102,809.00 | -961,760.00 | 549,652.00 |
| Other Operating Activities | -7,060,168.00 | -3,141,244.00 | -1,663,773.00 | -322,004.00 |
| Investing Cash Flow | -2,753,349.00 | -2,449,418.00 | -2,547,046.00 | -3,427,566.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 286,283.00 |
| Net Purchase/Sale of Investments Net | 281,261.00 | -1,818,949.00 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | -299,083.00 | 0 | 0 |
| Other Investing Activities | 0 | -331,386.00 | -2,547,046.00 | -3,713,849.00 |
| Financing Cash Flow | -8,918,356.00 | -9,316,405.00 | -6,130,403.00 | -3,378,209.00 |
| Net Issuance/Repayment of Debt | -768,961.00 | -1,680,721.00 | 2,219,800.00 | -6,511.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 |
| Dividends Paid | -6,277,800.00 | -5,979,000.00 | -4,509,000.00 | -2,463,000.00 |
| Other Financing Activities | -1,871,595.00 | -1,656,684.00 | -3,841,203.00 | -908,698.00 |
| Net Change in Cash | 3,899,336.00 | 1,679,368.00 | 4,840,988.00 | 3,541,250.00 |
| Cash at Beginning of Period | 13,872,897.00 | 13,174,991.00 | 8,770,062.00 | 5,192,628.00 |
| Cash at End of Period | 20,083,457.00 | 13,872,897.00 | 13,174,991.00 | 8,770,062.00 |
| Free Cash Flow | 11,176,579.00 | 12,074,191.00 | 10,742,664.00 | 6,654,540.00 |
| Breakdown | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|
| Assets | 83,636,752.00 | 78,430,246.00 | 72,993,187.00 |
| Current Assets | 25,656,011.00 | 23,767,933.00 | 22,255,946.00 |
| Cash and Short-Term Investments | 20,083,457.00 | 18,483,601.00 | 16,822,986.00 |
| Cash and Cash Equivalents | 20,083,457.00 | 18,483,601.00 | 16,822,986.00 |
| Short-Term Investments | 0 | 0 | 0 |
| Net Receivables | 3,122,587.00 | 3,364,568.00 | 3,917,468.00 |
| Inventory | 58,220.00 | 0 | 0 |
| Other Current Assets | 2,391,747.00 | 0 | 0 |
| Non-Current Assets | 57,980,740.00 | 54,662,313.00 | 50,737,241.00 |
| Property, Plant, Equipment Net | 268,449.00 | 229,621.00 | 182,100.00 |
| Goodwill | 2,623,663.00 | 0 | 0 |
| Intangible Assets | 53,262,500.00 | 0 | 0 |
| Long-Term Investments | 1,826,128.00 | 1,766,561.00 | 2,092,667.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 |
| Other Non-Current Assets | 0.00 | 0 | 0 |
| Liabilities | 22,024,127.00 | 20,534,204.00 | 18,610,602.00 |
| Current Liabilities | 5,887,006.00 | 5,113,743.00 | 4,898,742.00 |
| Payables and Expenses | 4,732,980.00 | 4,144,130.00 | 3,780,577.00 |
| Account Payables | 465,208.00 | 281,342.00 | 247,710.00 |
| Current Accrued Liabilities | 0 | 3,862,788.00 | 0 |
| Short-Term Debt | 1,154,026.00 | 969,613.00 | 1,118,165.00 |
| Other Current Liabilities | 0.00 | 0.00 | 0.00 |
| Non-Current Liabilities | 16,137,121.00 | 15,420,461.00 | 13,711,860.00 |
| Long-Term Debt | 12,227,926.00 | 11,660,796.00 | 10,630,900.00 |
| Other Non-Current Liabilities | 3,909,195.00 | 3,759,665.00 | 3,080,960.00 |
| Equity | 61,612,625.00 | 57,896,042.00 | 54,382,585.00 |
| Shareholders Equity | 54,212,922.00 | 50,293,127.00 | 47,736,898.00 |
| Capital Stock | 7,767,276.00 | 7,767,276.00 | 7,767,276.00 |
| Share Premium | 0 | 0 | 0 |
| Retained Earnings | 20,320,736.00 | 40,114,586.00 | 39,337,629.00 |
| Treasury Shares | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 26,124,910.00 | 2,411,265.00 | 631,993.00 |
| Minority Interest | 7,399,703.00 | 7,602,915.00 | 6,645,687.00 |
| Debt | 13,381,952.00 | 12,630,409.00 | 11,749,065.00 |
| Common Shares Outstanding | 300,000.00 | 300,000.00 | 300,000.00 |
| Breakdown | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|
| Revenues | 9,020,577.00 | 7,483,293.00 | 7,434,907.00 |
| Cost Of Revenue | 6,641,620.00 | 2,589,735.00 | 2,030,410.00 |
| Interest Income | 350,135.00 | 483,133.00 | 409,725.00 |
| Interest Expense | 234,849.00 | 230,360.00 | 255,402.00 |
| Non-Interest Expense | 94,759.00 | 65,107.00 | 79,019.00 |
| Gross Profit | 2,378,957.00 | 4,893,558.00 | 5,404,497.00 |
| Operating Expenses | -2,121,528.00 | 796,384.00 | 825,274.00 |
| Selling, General and Administrative Expenses | 94,759.00 | 65,107.00 | 79,019.00 |
| Other Operating Expenses | 0 | 731,277.00 | 746,255.00 |
| Operating Income | 4,500,485.00 | 4,097,174.00 | 4,579,223.00 |
| EBT | 5,286,695.00 | 5,002,661.00 | 4,534,500.00 |
| Income Tax | 1,696,978.00 | 1,528,107.00 | 1,347,746.00 |
| Net Income Including Non-Controlling Interests | 3,589,717.00 | 3,474,554.00 | 3,186,754.00 |
| Net Income Non-Controlling Interests | -175,136.00 | -93,364.00 | -104,663.00 |
| Net Income | 3,414,581.00 | 3,381,190.00 | 3,082,091.00 |
| EBIT | 5,521,544.00 | 5,233,021.00 | 4,789,902.00 |
| Deprecation and Amortization | 610,794.00 | 601,523.00 | 543,718.00 |
| EBITDA | 6,132,338.00 | 5,834,544.00 | 5,333,620.00 |
| EPS | 0 | 0.11 | 0.10 |
| Diluted EPS | 0 | 0.11 | 0.10 |
| Average Shares Outstanding Basic | 0 | 30,000.09 | 30,000.11 |
| Average Shares Outstanding Diluted | 0 | 30,000.09 | 30,000.11 |
| Breakdown | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|
| Operating Cash Flow | 4,464,728.00 | 3,795,296.00 | 3,454,968.00 |
| Operating Net Income | 5,286,695.00 | 5,002,661.00 | 4,534,500.00 |
| Deprecation and Amortization | 610,794.00 | 601,523.00 | 543,718.00 |
| Deferred Income Tax | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 |
| Change in Working Capital | -36,209.00 | 259,237.00 | -542,979.00 |
| Other Operating Activities | -1,396,552.00 | -2,068,125.00 | -1,080,271.00 |
| Investing Cash Flow | -2,340,859.00 | -822,294.00 | 280,018.00 |
| Capital Expenditure | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 0 | -1,042,400.00 | -182,584.00 |
| Net Purchase/Sale of Investments Net | -61,839.00 | -174,713.00 | 19,800.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 |
| Other Investing Activities | 0 | 394,819.00 | 442,802.00 |
| Financing Cash Flow | -1,032,154.00 | -512,245.00 | -513,549.00 |
| Net Issuance/Repayment of Debt | -5,335.00 | -126,988.00 | -147,926.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 |
| Other Financing Activities | -1,026,819.00 | -385,257.00 | -365,623.00 |
| Net Change in Cash | 1,091,715.00 | 2,460,757.00 | 3,221,437.00 |
| Cash at Beginning of Period | 18,483,601.00 | 14,996,995.00 | 13,872,897.00 |
| Cash at End of Period | 20,083,457.00 | 18,483,601.00 | 16,822,986.00 |
| Free Cash Flow | 1,932,030.00 | 2,752,896.00 | 3,272,384.00 |