Valuation Ratios

Breakdown 2024-12-31 2023-12-31
Price to Earnings -10.88 -5.64
Price to Sales 737.76
Book Value Per Common Share 2.30 1.10
Price to Book 9.17 5.49
Price to Operating Cash Flow -25.84 -3.31
Price to Free Cash Flow -10.86 -1.84
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2021-09-30
Price to Earnings -109.07 -113.98 -113.70 -23.77 -22.76 -18.13 135.25
Price to Sales 908.89 9735.42 7106.25 2293.48 3683.10 1814.06 707.32 228.27
Book Value Per Common Share 2.30
Price to Book 9.17
Price to Operating Cash Flow -178.35 -154.47 -7.32
Price to Free Cash Flow -34.18 -39.76 -4.02
Enterprise Value to EBITDA 317639.08

Earnings Data

Breakdown 2024-12-31 2023-12-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2021-09-30
Earning YoY
Revenue YoY 1175.00 61.00 -62.57 74.36 22.22 80.00 -79.11 -11.65
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31
Cash Per Common Share 3.66 1.05
Quick Ratio 1.88
Current Ratio 7.90 2.31
Debt to Equity 0.43 0.69
Long-Term Debt to Equity 0.31 0.47
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2021-09-30
Cash Per Common Share 8.79 7.16 7.72 2.71 6.10 3.87 3.39 6.97
Quick Ratio 18.05 23.52
Current Ratio 9.56 8.23 10.62 7.90 5.80 6.38 7.51 24.10
Debt to Equity 0.57 0.63 0.79 0.43 0.63 1.40 0.76 0.27
Long-Term Debt to Equity 0.49 0.52 0.68 0.31 0.45 1.19 0.64 0.23

Profitability

Breakdown 2024-12-31 2023-12-31
ROA -31.44 -24.26
ROE -44.85 -41.00
Gross Margin 100.00
Operating Margin -11460.41
EBITDA Margin -10026.73
Net Profit Margin -6792.28
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2021-09-30
ROA -4.82 -5.28 -3.34 -3.76 -20.93 -12.52 -3.93 0.89
ROE -7.56 -8.59 -5.96 -5.36 -34.20 -30.00 -6.90 1.13
Gross Margin 14.16
Operating Margin -1070.31 -11199.05 -8183.84 -16803.08 -27003.09 -14024.33 -7022.00 686.53
EBITDA Margin -984.14 -10186.94 -6657.66 -16361.99 -25684.91 -11757.67 -3033.00 719.18
Net Profit Margin -833.67 -8598.10 -6365.74 -1869.50 -15631.45 -8061.11 -3946.00 167.96

Dividends

Breakdown 2024-12-31 2023-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2021-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 954,561.00 360,892.00 438,372.00 443,936.00 232,404.89
   Current Assets 600,246.00 106,882.00 268,310.00 335,803.00 208.87
   Deposits 0 0 0 0 2,196.00
      Cash and Short-Term Investments 564,988.00 85,622.00 469,956.00 639,237.00 131.15
            Cash and Cash Equivalents 564,988.00 85,622.00 239,256.00 324,537.00 131.15
            Short-Term Investments 0 0 230,700.00 314,700.00 0
      Net Receivables 0 1,152.00 0 2,173.00 0
      Inventory 0 0 0 1,412.00 0
      Other Current Assets 0 0 -201,646.00 -307,019.00 77.72
   Non-Current Assets 354,315.00 254,010.00 170,062.00 108,133.00 232,196.03
      Property, Plant, Equipment Net 351,683.00 251,699.00 245,737.00 171,548.00 0
      Goodwill 0 0 0 3,641.00 0
      Intangible Assets 0 0 0 242.00 0
      Long-Term Investments 0 0 0 0 232,196.03
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 -75,675.00 -67,298.00 0.00
Liabilities 285,415.00 147,333.00 78,546.00 91,964.00 8,693.97
   Current Liabilities 75,942.00 46,221.00 27,796.00 21,377.00 634.29
      Payables and Expenses 26,383.00 39,793.00 16,567.00 7,582.00 634.29
            Account Payables 17,004.00 20,575.00 13,929.00 6,638.00 0
            Current Accrued Liabilities 9,379.00 19,218.00 2,638.00 944.00 0
      Short-Term Debt 4,775.00 1,720.00 722.00 634.00 0
      Other Current Liabilities 44,784.00 4,708.00 10,507.00 13,161.00 0.00
   Non-Current Liabilities 209,473.00 101,112.00 50,750.00 70,587.00 8,059.68
      Long-Term Debt 168,225.00 71,152.00 11,804.00 12,525.00 0
      Other Non-Current Liabilities 41,248.00 29,960.00 38,946.00 58,062.00 0
Equity 669,146.00 213,559.00 359,826.00 351,972.00 223,710.93
   Shareholders Equity 479,115.00 98,991.00 0 0 5,000.00
      Capital Stock 32.00 22.00 7.00 5.00 0.13
      Share Premium 969,004.00 288,404.00 235,384.00 171,155.00 4,152.44
      Retained Earnings -489,745.00 -189,662.00 -102,101.00 -70,461.00 846.86
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -176.00 227.00 229.00 -433.00 0
   Minority Interest 190,031.00 114,568.00 226,294.00 251,693.00 0
Investments 0 0 230,700.00 314,700.00 232,196.03
Debt 173,000.00 72,872.00 12,526.00 13,159.00 0
Common Shares Outstanding 208,173.20 90,161.31 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 4,418.00 0 13,825.00 12,405.00 0
Cost Of Revenue 0 0 6,714.00 7,563.00 0
Interest Income 14,164.00 7,186.00 0 0 500.62
Interest Expense 18,681.00 4,511.00 0.00 1,950.00 0.00
Net Interest 0 0 24,154.00 -1,950.00 0
Non-Interest Expense 61,566.00 41,601.00 0 0 0
Gross Profit 4,418.00 0 7,111.00 4,842.00 0
Operating Expenses 247,180.00 222,367.00 152,875.00 91,588.00 1,124.69
   Selling, General and Administrative Expenses 61,566.00 41,601.00 48,332.00 35,636.00 0
   Research and Development Expenses 122,274.00 126,297.00 45,620.00 23,440.00 0
   Other Operating Expenses 0 0 58,923.00 32,512.00 1,124.69
Operating Income -242,762.00 -222,367.00 -145,764.00 -86,746.00 -1,124.69
Net Non-Operating Income 1,867.00 -10,290.00 43,268.00 13,816.00 1,481.82
EBT -525,002.00 -220,996.00 -102,496.00 -72,930.00 357.12
Income Tax 1,328.00 1,681.00 617.00 331.00 165.95
Net Income Including Non-Controlling Interests -526,330.00 -222,677.00 -103,113.00 -73,261.00 0
Net Income Non-Controlling Interests 226,247.00 135,116.00 71,473.00 42,708.00 0
Net Income -300,083.00 -87,561.00 -31,640.00 -30,553.00 191.18
EBIT -506,321.00 -216,485.00 -102,496.00 -70,980.00 357.12
Deprecation and Amortization 63,340.00 54,469.00 4,711.00 2,913.00 0.00
EBITDA -442,981.00 -162,016.00 -97,785.00 -68,067.00 0
EPS -0.00 -0.00 0 0 0
Diluted EPS -0.00 -0.00 0 0 0
Average Shares Outstanding Basic 154,501.34 81,824.12 0 0 0
Average Shares Outstanding Diluted 154,501.34 81,824.12 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -126,143.00 -148,942.00 -156,464.00 -80,095.00 -862.60
   Operating Net Income -526,330.00 -222,677.00 -103,113.00 -73,261.00 191.18
   Deprecation and Amortization 63,340.00 54,469.00 4,711.00 2,913.00 0
   Deferred Income Tax 0 0 0 0 6.07
   Share Based Compensation 32,039.00 13,289.00 9,391.00 3,736.00 0
   Change in Working Capital 21,784.00 13,698.00 -25,154.00 -2,155.00 421.97
   Other Operating Activities 283,024.00 -7,721.00 -42,299.00 -11,328.00 -1,481.82
Investing Cash Flow -174,127.00 -118,807.00 -31,352.00 -54,792.00 500.62
   Capital Expenditure 0 0 -30,317.00 -15,080.00 0.00
   Net Purchase/Sale of PPE -174,127.00 -118,807.00 -30,317.00 -15,080.00 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 0.00 0.00 29,282.00 -24,632.00 500.62
Financing Cash Flow 779,967.00 116,732.00 102,340.00 416,941.00 0
   Net Issuance/Repayment of Debt 96,248.00 63,258.00 230.00 49.00 0
   Net Issuance/Repurchase of Equity 0 0 102,110.00 14.00 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0 0 0.00 416,878.00 0
Net Change in Cash 479,697.00 -151,017.00 -85,281.00 281,760.00 -361.98
   Cash at Beginning of Period 88,097.00 239,256.00 324,537.00 42,777.00 0
   Cash at End of Period 567,534.00 88,097.00 239,256.00 324,537.00 0
Free Cash Flow -300,270.00 -267,749.00 -186,781.00 -95,175.00 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2022-12-31 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2020-12-31
Assets 2,550,902.00 1,881,362.00 1,369,659.00 954,561.00 821,649.00 579,637.00 501,728.00 438,372.00 414,586.00 443,936.00 461,007.00 482,650.00 232,404.89
   Current Assets 1,277,003.00 973,224.00 894,605.00 600,246.00 545,621.00 315,159.00 239,509.00 268,310.00 272,929.00 335,803.00 370,589.00 414,592.00 208.87
   Deposits 0 0 0 0 0 0 0 0 0 0 0 0 2,196.00
      Cash and Short-Term Investments 2,399,523.00 1,731,800.00 1,728,058.00 564,988.00 949,186.00 546,967.00 411,340.00 469,956.00 502,110.00 639,237.00 360,390.00 799,612.00 131.15
            Cash and Cash Equivalents 1,220,123.00 939,400.00 874,458.00 564,988.00 518,886.00 287,567.00 212,440.00 239,256.00 255,110.00 324,537.00 360,390.00 402,612.00 131.15
            Short-Term Investments 1,179,400.00 792,400.00 853,600.00 0 430,300.00 259,400.00 198,900.00 230,700.00 247,000.00 314,700.00 0 397,000.00 0
      Net Receivables 11,491.00 0 0 0 0 0 0 0 2,593.00 2,173.00 1,282.00 1,273.00 0
      Inventory 10,885.00 0 0 0 0 0 0 0 1,827.00 1,412.00 2,726.00 3,655.00 0
      Other Current Assets -1,144,896.00 -758,576.00 -833,453.00 0 -403,565.00 -231,808.00 -171,831.00 -201,646.00 -233,601.00 -307,019.00 6,191.00 -389,948.00 77.72
   Non-Current Assets 1,273,899.00 908,138.00 475,054.00 354,315.00 276,028.00 264,478.00 262,219.00 170,062.00 141,657.00 108,133.00 90,418.00 68,058.00 232,196.03
      Property, Plant, Equipment Net 1,023,326.00 776,643.00 464,237.00 351,683.00 272,156.00 260,506.00 258,080.00 245,737.00 205,533.00 171,548.00 140,046.00 99,636.00 0
      Goodwill 0 0 0 0 0 0 0 0 3,546.00 3,641.00 3,704.00 3,792.00 0
      Intangible Assets 0 0 0 0 0 0 0 0 205.00 242.00 335.00 398.00 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 232,196.03
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 250,573.00 131,495.00 10,817.00 0 3,872.00 3,972.00 4,139.00 -75,675.00 -67,627.00 -67,298.00 -53,667.00 -35,768.00 0.00
Liabilities 924,884.00 723,612.00 602,986.00 285,415.00 318,848.00 337,767.00 215,883.00 78,546.00 98,708.00 91,964.00 97,919.00 137,453.00 8,693.97
   Current Liabilities 133,575.00 118,316.00 84,218.00 75,942.00 94,079.00 49,383.00 31,881.00 27,796.00 22,912.00 21,377.00 15,378.00 15,604.00 634.29
      Payables and Expenses 58,925.00 31,983.00 14,383.00 26,383.00 8,962.00 12,175.00 14,528.00 16,567.00 6,917.00 7,582.00 6,656.00 6,284.00 634.29
            Account Payables 50,707.00 22,703.00 10,778.00 17,004.00 8,962.00 12,175.00 14,528.00 13,929.00 6,917.00 6,638.00 6,656.00 6,284.00 0
            Current Accrued Liabilities 8,218.00 9,280.00 3,605.00 9,379.00 0 0 0 2,638.00 0 944.00 0 0 0
      Short-Term Debt 11,084.00 9,824.00 5,466.00 4,775.00 46,169.00 1,775.00 1,760.00 722.00 900.00 634.00 495.00 470.00 0
      Other Current Liabilities 63,566.00 76,509.00 64,369.00 44,784.00 38,948.00 35,433.00 15,593.00 10,507.00 15,095.00 13,161.00 8,227.00 8,850.00 0.00
   Non-Current Liabilities 791,309.00 605,296.00 518,768.00 209,473.00 224,769.00 288,384.00 184,002.00 50,750.00 75,796.00 70,587.00 82,541.00 121,849.00 8,059.68
      Long-Term Debt 711,399.00 495,811.00 474,315.00 168,225.00 167,309.00 210,498.00 172,256.00 11,804.00 12,252.00 12,525.00 6,433.00 6,340.00 0
      Other Non-Current Liabilities 79,910.00 109,485.00 44,453.00 41,248.00 57,460.00 77,886.00 11,746.00 38,946.00 63,544.00 58,062.00 76,108.00 115,509.00 0
Equity 1,626,018.00 1,157,750.00 766,673.00 669,146.00 502,801.00 241,870.00 285,845.00 359,826.00 315,878.00 351,972.00 363,088.00 345,197.00 223,710.93
   Shareholders Equity 0 0 0 479,115.00 0 0 0 0 0 0 0 0 5,000.00
      Capital Stock 8.00 4.00 4.00 32.00 4.00 8.00 8.00 7.00 5.00 5.00 5.00 5.00 0.13
      Share Premium 1,996,974.00 1,501,070.00 1,103,921.00 969,004.00 762,426.00 427,096.00 373,773.00 235,384.00 172,708.00 171,155.00 169,385.00 168,297.00 4,152.44
      Retained Earnings -757,719.00 -634,845.00 -535,451.00 -489,745.00 -453,888.00 -281,942.00 -209,392.00 -102,101.00 -81,182.00 -70,461.00 -67,351.00 -71,466.00 846.86
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 1,174.00 1,108.00 98.00 -176.00 353.00 52.00 121.00 229.00 -505.00 -433.00 -394.00 -373.00 0
   Minority Interest 385,551.00 290,381.00 198,070.00 190,031.00 193,881.00 96,637.00 121,317.00 226,294.00 224,839.00 251,693.00 261,430.00 248,721.00 0
Investments 1,179,400.00 792,400.00 853,600.00 0 430,300.00 259,400.00 198,900.00 230,700.00 247,000.00 314,700.00 0 397,000.00 232,196.03
Debt 722,483.00 505,635.00 479,781.00 173,000.00 213,478.00 212,273.00 174,016.00 12,526.00 13,152.00 13,159.00 6,928.00 6,810.00 0
Common Shares Outstanding 0 0 0 208,173.20 0 0 0 0 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2022-03-31 2021-09-30 2021-06-30
Revenues 14,739.00 1,156.00 718.00 1,918.00 1,100.00 900.00 500.00 2,394.00 2,450.00 2,773.00
Cost Of Revenue 0 0 0 0 0 0 0 1,986.00 2,103.00 1,112.00
Interest Income -85,709.00 6,008.00 3,949.00 0 5,424.00 2,914.00 2,176.00 0 0 0
Interest Expense 5,700.00 5,700.00 4,700.00 0 5,400.00 4,900.00 4,400.00 0.00 0.00 0.00
Net Interest -91,409.00 308.00 -751.00 0 24.00 -1,986.00 -2,224.00 15.00 0 0
Non-Interest Expense 0 0 0 15,889.00 0 0 0 0 0 0
Gross Profit 0 0 0 0 0 0 0 408.00 347.00 1,661.00
Operating Expenses 94,415.00 73,953.00 63,681.00 60,642.00 66,646.00 63,893.00 56,000.00 32,740.00 23,112.00 25,097.00
   Selling, General and Administrative Expenses 29,822.00 27,242.00 18,384.00 15,889.00 15,551.00 17,839.00 12,287.00 11,619.00 9,331.00 9,157.00
   Research and Development Expenses 5,530.00 6,393.00 7,135.00 36,293.00 14,724.00 4,460.00 4,257.00 8,281.00 4,888.00 9,052.00
   Other Operating Expenses 59,063.00 40,318.00 38,162.00 0 36,371.00 41,594.00 39,456.00 12,840.00 8,893.00 6,888.00
Operating Income 0 0 0 -58,724.00 0 0 0 -32,332.00 -22,765.00 -23,436.00
Net Non-Operating Income -83,777.00 -62,364.00 -497.00 206.00 -236,888.00 -68,126.00 15,990.00 -5,467.00 39,585.00 -41,677.00
EBT -163,453.00 -135,161.00 -63,460.00 -51,940.00 -302,434.00 -131,119.00 -39,510.00 -37,799.00 16,820.00 -65,113.00
Income Tax 374.00 742.00 168.00 156.00 646.00 231.00 294.00 104.00 16.00 56.00
Net Income Including Non-Controlling Interests -163,827.00 -135,903.00 -63,628.00 -52,096.00 -303,080.00 -131,350.00 -39,804.00 -37,903.00 16,804.00 -65,169.00
Net Income Non-Controlling Interests 40,953.00 36,509.00 17,922.00 16,239.00 131,134.00 58,800.00 20,074.00 27,182.00 -12,689.00 45,191.00
Net Income -122,874.00 -99,394.00 -45,706.00 -35,857.00 -171,946.00 -72,550.00 -19,730.00 -10,721.00 4,115.00 -19,978.00
EBIT -157,753.00 -129,461.00 -58,760.00 -322,283.00 -297,034.00 -126,219.00 -35,110.00 -37,799.00 16,820.00 -65,113.00
Deprecation and Amortization 12,700.00 11,700.00 10,958.00 8,460.00 14,500.00 20,400.00 19,945.00 1,100.00 800.00 600.00
EBITDA -145,053.00 -117,761.00 -47,802.00 -313,823.00 -282,534.00 -105,819.00 -15,165.00 -36,699.00 17,620.00 -64,513.00
EPS -0.00 -0.00 -0.00 0 -0.00 -0.00 -0.00 0 0.00 0
Diluted EPS -0.00 -0.00 -0.00 0 -0.00 -0.00 -0.00 0 0.00 0
Average Shares Outstanding Basic 272,831.17 241,985.51 223,974.40 0 155,644.89 141,185.50 121,447.14 0 51,729.70 0
Average Shares Outstanding Diluted 272,831.17 241,985.51 223,974.40 0 155,644.89 141,185.50 121,447.14 0 51,839.84 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2022-03-31 2021-09-30 2021-06-30
Operating Cash Flow 0 0 -28,546.00 -28,440.00 0 0 -48,122.00 -47,508.00 0 0
   Operating Net Income -163,827.00 -135,903.00 -63,628.00 -52,096.00 -303,080.00 -131,350.00 -39,804.00 -37,903.00 16,804.00 -65,169.00
   Deprecation and Amortization 12,700.00 11,700.00 10,958.00 8,460.00 14,500.00 20,400.00 19,945.00 1,100.00 800.00 600.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 0 0 7,826.00 11,422.00 0 0 4,933.00 2,254.00 0 0
   Change in Working Capital 0 0 12,286.00 13,816.00 0 0 -15,882.00 -18,611.00 0 0
   Other Operating Activities 0 0 4,012.00 -10,042.00 0 0 -17,314.00 5,652.00 0 0
Investing Cash Flow 0 0 -120,456.00 -82,032.00 0 0 -39,568.00 -21,567.00 0 0
   Capital Expenditure 0.00 0.00 -120,456.00 0 0.00 0.00 -39,568.00 -4,660.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 -120,456.00 -82,032.00 0 0 -39,568.00 -4,660.00 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 120,456.00 0.00 0 0 39,568.00 -12,247.00 0 0
Financing Cash Flow 0 0 455,865.00 159,541.00 0 0 212,180.00 130.00 0 0
   Net Issuance/Repayment of Debt 0 0 449,183.00 -48,565.00 0 0 109,938.00 97.00 0 0
   Net Issuance/Repurchase of Equity 0 0 60,446.00 213,036.00 0 0 107,718.00 33.00 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 0 0 -53,764.00 -4,930.00 0 0 -5,476.00 0.00 0 0
Net Change in Cash 0 0 306,924.00 49,069.00 0 0 124,343.00 -69,427.00 0 0
   Cash at Beginning of Period 0 0 567,534.00 518,886.00 0 0 88,097.00 324,537.00 0 0
   Cash at End of Period 1,220,123.00 939,400.00 874,458.00 567,534.00 518,886.00 287,567.00 212,440.00 255,110.00 360,390.00 402,612.00
Free Cash Flow 0 0 -149,002.00 -110,472.00 0 0 -87,690.00 -52,168.00 0 0