Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 9.91 -33.38 27.35 14.18
Price to Sales 1.71 1.72 1.81 2.19
Book Value Per Common Share 13.17 8.84 9.65 9.69
Price to Book 1.75 2.11 2.01 2.16
Price to Operating Cash Flow 5.04 8.11 4.52 6.95
Price to Free Cash Flow 11.31 -110.85 10.52 36.69
Enterprise Value to EBITDA 44957.36 89964.41 65034.62 82712.70
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 53.28 34.52 42.18 22.41 50.25
Price to Sales 14.75 9.45 9.52 6.02 7.51
Book Value Per Common Share 15.23 14.69 13.44 13.17 9.81
Price to Book 4.62 3.10 2.76 1.75 2.71
Price to Operating Cash Flow 25.12 22.69 25.77 15.26 18.49
Price to Free Cash Flow 33.10 34.58 44.28 29.50 33.05
Enterprise Value to EBITDA 312027.33 211020.50 243010.33 158546.76 256871.32

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -52.03
Revenue YoY 26.43 1.80 11.72
EBITDA YoY 196.45 -30.24 18.04
Net Profit YoY -62.05
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 0.00 50.00 -14.56 94.34
Revenue YoY -1.15 24.55 12.17 17.37
EBITDA YoY 4.40 41.56 5.05 68.12
Net Profit YoY 0.00 51.02 -5.74 110.76

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 3.31 2.29 2.64 2.75
Quick Ratio 1.39 1.05 1.46 1.66
Current Ratio 2.19 1.80 2.43 2.59
Debt to Equity 0.55 1.19 0.97 0.95
Long-Term Debt to Equity 0.38 0.86 0.75 0.75
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 5.02 3.95 2.96 3.12 2.93
Quick Ratio 1.83 1.98 1.55 1.39 1.13
Current Ratio 2.58 2.99 2.34 2.19 1.73
Debt to Equity 0.55 0.52 0.54 0.55 1.11
Long-Term Debt to Equity 0.37 0.38 0.39 0.38 0.77

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 7.63 -2.87 2.91 7.67
ROE 11.79 -6.28 5.72 14.97
Gross Margin 35.68 22.41 25.08 29.04
Operating Margin 31.64 4.67 13.62 26.28
EBITDA Margin 44.62 19.03 27.77 26.28
Net Profit Margin 17.33 -5.13 5.18 15.24
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 4.51 4.73 3.31 3.57 2.53
ROE 7.00 7.20 5.11 5.52 5.35
Gross Margin 49.32 48.96 42.74 44.40 36.28
Operating Margin 47.08 44.58 39.23 41.89 29.24
EBITDA Margin 47.08 44.58 39.23 41.89 29.24
Net Profit Margin 27.68 27.36 22.57 26.86 14.96

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 24.30 -45.53 87.12 39.09
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 84.01 31.69 96.39 13.83 44.39

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 13,157,000.00 8,175,000.00 8,013,000.00 8,007,000.00
   Current Assets 3,148,000.00 2,174,000.00 2,145,000.00 2,140,000.00
      Cash and Short-Term Investments 1,425,000.00 964,000.00 1,108,000.00 1,154,000.00
            Cash and Cash Equivalents 1,425,000.00 964,000.00 1,108,000.00 1,154,000.00
            Short-Term Investments 0 0 0 0
      Net Receivables 571,000.00 300,000.00 179,000.00 216,000.00
      Inventory 1,055,000.00 829,000.00 773,000.00 703,000.00
      Other Current Assets 97,000.00 81,000.00 85,000.00 67,000.00
   Non-Current Assets 10,009,000.00 6,001,000.00 5,868,000.00 5,867,000.00
      Property, Plant, Equipment Net 8,635,000.00 4,561,000.00 4,364,000.00 3,682,000.00
      Goodwill 95,000.00 105,000.00 105,000.00 119,000.00
      Intangible Assets 3,000.00 2,000.00 1,000.00 3,000.00
      Long-Term Investments 584,000.00 600,000.00 1,094,000.00 1,760,000.00
      Non-Current Deferred Assets 42,000.00 92,000.00 35,000.00 32,000.00
      Other Non-Current Assets 650,000.00 641,000.00 269,000.00 271,000.00
Liabilities 4,644,000.00 4,435,000.00 3,938,000.00 3,906,000.00
   Current Liabilities 1,440,000.00 1,205,000.00 884,000.00 827,000.00
      Payables and Expenses 1,124,000.00 821,000.00 706,000.00 639,000.00
            Account Payables 566,000.00 432,000.00 356,000.00 406,000.00
            Current Accrued Liabilities 141,000.00 128,000.00 151,000.00 67,000.00
      Short-Term Debt 187,000.00 289,000.00 91,000.00 112,000.00
      Other Current Liabilities 129,000.00 95,000.00 87,000.00 76,000.00
   Non-Current Liabilities 3,204,000.00 3,230,000.00 3,054,000.00 3,079,000.00
      Long-Term Debt 1,966,000.00 2,130,000.00 2,080,000.00 1,982,000.00
      Other Non-Current Liabilities 1,238,000.00 1,100,000.00 974,000.00 1,097,000.00
Equity 8,513,000.00 3,740,000.00 4,075,000.00 4,101,000.00
   Shareholders Equity 6,629,000.00 3,711,000.00 4,040,000.00 4,047,000.00
      Capital Stock 526,000.00 420,000.00 0 0
      Share Premium 0 0 7,222,000.00 7,206,000.00
      Retained Earnings -1,316,000.00 -2,148,000.00 -1,774,000.00 0
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 7,419,000.00 5,439,000.00 5,814,000.00 4,047,000.00
   Minority Interest 1,884,000.00 29,000.00 35,000.00 54,000.00
Debt 2,153,000.00 2,419,000.00 2,171,000.00 2,094,000.00
Net Debt 587,000.00 1,284,000.00 877,000.00 755,000.00
Common Shares Outstanding 503,527.05 419,729.86 418,600.47 417,501.45
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 5,793,000.00 4,582,000.00 4,501,000.00 4,029,000.00
Cost Of Revenue 3,726,000.00 3,555,000.00 3,372,000.00 2,859,000.00
Interest Income 154,000.00 122,000.00 77,000.00 58,000.00
Interest Expense 161,000.00 151,000.00 141,000.00 110,000.00
Non-Interest Expense 162,000.00 99,000.00 87,000.00 90,000.00
Gross Profit 2,067,000.00 1,027,000.00 1,129,000.00 1,170,000.00
Operating Expenses 514,000.00 452,000.00 296,000.00 373,000.00
   Selling, General and Administrative Expenses 162,000.00 99,000.00 87,000.00 90,000.00
   Other Operating Expenses 311,000.00 315,000.00 198,000.00 220,000.00
Operating Income 1,553,000.00 575,000.00 833,000.00 797,000.00
EBT 1,672,000.00 63,000.00 472,000.00 949,000.00
Income Tax 623,000.00 285,000.00 221,000.00 311,000.00
Net Income Including Non-Controlling Interests 1,049,000.00 -222,000.00 251,000.00 638,000.00
Net Income Non-Controlling Interests -45,000.00 -13,000.00 -18,000.00 -24,000.00
Net Income 1,004,000.00 -235,000.00 233,000.00 614,000.00
EBIT 1,833,000.00 214,000.00 613,000.00 1,059,000.00
Deprecation and Amortization 752,000.00 658,000.00 637,000.00 477,000.00
EBITDA 2,585,000.00 872,000.00 1,250,000.00 1,059,000.00
EPS 0.00 -0.00 0.00 0.00
Diluted EPS 0.00 -0.00 0.00 0.00
Average Shares Outstanding Basic 430,131.93 421,105.11 420,197.06 419,755.63
Average Shares Outstanding Diluted 430,917.46 421,105.11 420,869.87 420,056.70
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 1,968,000.00 971,000.00 1,804,000.00 1,268,000.00
   Operating Net Income 1,672,000.00 63,000.00 472,000.00 958,000.00
   Deprecation and Amortization 752,000.00 658,000.00 637,000.00 477,000.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 0 0
   Change in Working Capital -254,000.00 -93,000.00 -140,000.00 53,000.00
   Other Operating Activities -202,000.00 343,000.00 835,000.00 -220,000.00
Investing Cash Flow -762,000.00 -897,000.00 -1,461,000.00 -940,000.00
   Capital Expenditure -1,090,000.00 -1,042,000.00 -1,028,000.00 -1,028,000.00
   Net Purchase/Sale of PPE 16,000.00 14,000.00 8,000.00 25,000.00
   Net Purchase/Sale of Investments Net -30,000.00 20,000.00 -16,000.00 -4,000.00
   Net Purchase/Sale of Business 66,000.00 0 0 2,000.00
   Other Investing Activities 276,000.00 111,000.00 -425,000.00 65,000.00
Financing Cash Flow -727,000.00 -87,000.00 -323,000.00 -456,000.00
   Net Issuance/Repayment of Debt -345,000.00 162,000.00 0 -61,000.00
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid -244,000.00 -107,000.00 -203,000.00 -240,000.00
   Other Financing Activities -138,000.00 -142,000.00 -120,000.00 -155,000.00
Net Change in Cash 479,000.00 -13,000.00 20,000.00 -128,000.00
   Cash at Beginning of Period 955,000.00 1,106,000.00 1,154,000.00 1,330,000.00
   Cash at End of Period 1,397,000.00 955,000.00 1,106,000.00 1,154,000.00
Free Cash Flow 878,000.00 -71,000.00 776,000.00 240,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 14,836,000.00 14,129,000.00 13,391,000.00 13,157,000.00 8,801,000.00
   Current Assets 4,543,000.00 4,014,000.00 3,219,000.00 3,148,000.00 2,446,000.00
      Cash and Short-Term Investments 2,546,000.00 2,001,000.00 1,491,000.00 1,425,000.00 1,232,000.00
            Cash and Cash Equivalents 2,546,000.00 2,001,000.00 1,491,000.00 1,425,000.00 1,232,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 680,000.00 663,000.00 643,000.00 571,000.00 363,000.00
      Inventory 1,058,000.00 1,030,000.00 1,063,000.00 1,055,000.00 832,000.00
      Other Current Assets 259,000.00 320,000.00 22,000.00 97,000.00 19,000.00
   Non-Current Assets 10,293,000.00 10,115,000.00 10,172,000.00 10,009,000.00 6,355,000.00
      Property, Plant, Equipment Net 8,612,000.00 8,573,000.00 8,773,000.00 8,635,000.00 4,867,000.00
      Goodwill 0 0 0 95,000.00 0
      Intangible Assets 0 0 0 3,000.00 0
      Long-Term Investments 677,000.00 607,000.00 652,000.00 584,000.00 737,000.00
      Non-Current Deferred Assets 115,000.00 11,000.00 14,000.00 42,000.00 14,000.00
      Other Non-Current Assets 0 0 0 650,000.00 0
Liabilities 5,282,000.00 4,838,000.00 4,714,000.00 4,644,000.00 4,629,000.00
   Current Liabilities 1,760,000.00 1,344,000.00 1,373,000.00 1,440,000.00 1,415,000.00
      Payables and Expenses 1,378,000.00 1,001,000.00 1,069,000.00 1,124,000.00 993,000.00
            Account Payables 925,000.00 786,000.00 822,000.00 566,000.00 822,000.00
            Current Accrued Liabilities 0 0 0 141,000.00 0
      Short-Term Debt 164,000.00 167,000.00 191,000.00 187,000.00 287,000.00
      Other Current Liabilities 218,000.00 176,000.00 113,000.00 129,000.00 135,000.00
   Non-Current Liabilities 3,522,000.00 3,494,000.00 3,341,000.00 3,204,000.00 3,214,000.00
      Long-Term Debt 2,151,000.00 2,145,000.00 2,055,000.00 1,966,000.00 2,023,000.00
      Other Non-Current Liabilities 1,371,000.00 1,349,000.00 1,286,000.00 1,238,000.00 1,191,000.00
Equity 9,554,000.00 9,291,000.00 8,677,000.00 8,513,000.00 4,172,000.00
   Shareholders Equity 7,690,000.00 7,416,000.00 6,774,000.00 6,629,000.00 4,127,000.00
      Capital Stock 552,000.00 549,000.00 537,000.00 526,000.00 438,000.00
      Share Premium 0 0 0 0 0
      Retained Earnings 7,138,000.00 6,867,000.00 6,237,000.00 -1,316,000.00 0
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 7,419,000.00 3,689,000.00
   Minority Interest 1,864,000.00 1,875,000.00 1,903,000.00 1,884,000.00 45,000.00
Debt 2,315,000.00 2,312,000.00 2,246,000.00 2,153,000.00 2,310,000.00
Net Debt 0 117,000.00 556,000.00 587,000.00 914,000.00
Common Shares Outstanding 504,887.43 504,744.43 504,087.29 503,527.05 420,558.84
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 2,417,000.00 2,445,000.00 1,963,000.00 1,750,000.00 1,491,000.00
Cost Of Revenue 1,225,000.00 1,248,000.00 1,124,000.00 973,000.00 950,000.00
Interest Income 43,000.00 39,000.00 32,000.00 32,000.00 33,000.00
Interest Expense 81,000.00 44,000.00 41,000.00 35,000.00 42,000.00
Non-Interest Expense 32,000.00 34,000.00 27,000.00 76,000.00 20,000.00
Gross Profit 1,192,000.00 1,197,000.00 839,000.00 777,000.00 541,000.00
Operating Expenses 166,000.00 198,000.00 92,000.00 133,000.00 138,000.00
   Selling, General and Administrative Expenses 32,000.00 34,000.00 27,000.00 76,000.00 20,000.00
   Other Operating Expenses 134,000.00 164,000.00 65,000.00 16,000.00 118,000.00
Operating Income 1,026,000.00 999,000.00 747,000.00 644,000.00 403,000.00
EBT 1,057,000.00 1,046,000.00 729,000.00 698,000.00 394,000.00
Income Tax 242,000.00 240,000.00 187,000.00 204,000.00 160,000.00
Net Income Including Non-Controlling Interests 815,000.00 806,000.00 542,000.00 494,000.00 234,000.00
Net Income Non-Controlling Interests -146,000.00 -137,000.00 -99,000.00 -24,000.00 -11,000.00
Net Income 669,000.00 669,000.00 443,000.00 470,000.00 223,000.00
EBIT 1,138,000.00 1,090,000.00 770,000.00 733,000.00 436,000.00
EBITDA 1,138,000.00 1,090,000.00 770,000.00 733,000.00 436,000.00
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 506,818.18 506,818.18 503,409.09 456,310.68 420,754.72
Average Shares Outstanding Diluted 510,687.02 506,818.18 503,409.09 456,310.68 420,754.72
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 1,419,000.00 1,018,000.00 725,000.00 690,000.00 606,000.00
   Operating Net Income 0 0 0 0 0
   Deprecation and Amortization 0 0 0 0 0
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital 0 0 0 0 0
   Other Operating Activities 1,419,000.00 1,018,000.00 725,000.00 690,000.00 606,000.00
Investing Cash Flow -260,000.00 -277,000.00 -206,000.00 -216,000.00 -209,000.00
   Capital Expenditure -342,000.00 -350,000.00 -303,000.00 -333,000.00 -267,000.00
   Net Purchase/Sale of PPE 0 0 0 15,000.00 0
   Net Purchase/Sale of Investments Net 70,000.00 -3,000.00 0 -1,000.00 -11,000.00
   Net Purchase/Sale of Business 0 25,000.00 0 0 0
   Other Investing Activities 12,000.00 51,000.00 0 0 69,000.00
Financing Cash Flow -610,000.00 -185,000.00 -457,000.00 -285,000.00 -151,000.00
   Net Issuance/Repayment of Debt -23,000.00 63,000.00 -4,000.00 -181,000.00 -21,000.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid -562,000.00 -212,000.00 -427,000.00 -65,000.00 -99,000.00
   Other Financing Activities -25,000.00 -36,000.00 -26,000.00 -39,000.00 -31,000.00
Net Change in Cash 549,000.00 556,000.00 62,000.00 189,000.00 246,000.00
   Cash at Beginning of Period 1,986,000.00 1,458,000.00 1,397,000.00 1,225,000.00 983,000.00
   Cash at End of Period 2,532,000.00 1,986,000.00 1,458,000.00 1,397,000.00 1,225,000.00
Free Cash Flow 1,077,000.00 668,000.00 422,000.00 357,000.00 339,000.00