Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 28.86 35.08 63.96 1456.25
Price to Sales 3.76 4.55 4.73 4.42
Book Value Per Common Share 26.31 25.25 23.90 25.34
Price to Book 2.49 2.67 2.84 2.30
Price to Operating Cash Flow 17.12 20.17 21.40 27.70
Price to Free Cash Flow 27.92 31.77 29.01 43.90
Enterprise Value to EBITDA 65789.13 77787.00 115661.79 176520.67
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 93.56 88.46 78.19 135.09 169.37
Price to Sales 15.67 14.98 16.77 13.64 17.80
Book Value Per Common Share 29.60 28.85 26.47 26.31 26.27
Price to Book 2.59 2.42 2.78 2.49 2.97
Price to Operating Cash Flow 46.35 63.98 61.37 69.87 71.39
Price to Free Cash Flow 69.83 148.08 83.03 104.05 119.27
Enterprise Value to EBITDA 227546.13 218632.75 226297.72 361570.86 294456.66

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 18.23 81.13 2550.00
Revenue YoY 18.04 3.29 18.53
EBITDA YoY 15.02 47.74 77.68
Net Profit YoY 18.14 81.11 2835.71
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 3.80 -15.96 93.81 5.43
Revenue YoY 5.08 6.40 -8.75 9.78
EBITDA YoY 5.49 -1.59 79.25 -31.52
Net Profit YoY 3.39 -15.98 94.40 4.97

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.78 1.89 2.02 2.26
Quick Ratio
Current Ratio 0.93 0.82 0.86 1.16
Debt to Equity 1.55 1.58 1.60 1.68
Long-Term Debt to Equity 0.86 0.80 0.89 1.11
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 2.64 2.29 1.74 1.82 1.59
Quick Ratio
Current Ratio 0.88 0.86 0.90 0.93 0.93
Debt to Equity 1.49 1.51 1.58 1.55 1.57
Long-Term Debt to Equity 0.75 0.76 0.88 0.86 0.94

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 6.76 5.89 3.41 0.11
ROE 17.21 15.20 8.87 0.29
Gross Margin 81.12 81.95 72.06 66.76
Operating Margin 19.18 18.53 8.64 2.70
EBITDA Margin 28.55 29.30 20.48 13.66
Net Profit Margin 13.01 13.00 7.41 0.30
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 2.21 2.18 2.74 1.44 1.36
ROE 5.51 5.47 7.09 3.67 3.50
Gross Margin 81.56 82.89 83.51 81.70 77.29
Operating Margin 24.21 24.67 27.61 14.07 16.84
EBITDA Margin 34.41 34.27 37.05 18.86 30.24
Net Profit Margin 16.67 16.95 21.46 10.07 10.53

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 65.80 75.25 132.73 3442.86
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 63.60 0.41 114.78 0.20 110.29

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 104,035,000.00 101,119,000.00 96,483,000.00 105,363,000.00
   Current Assets 25,827,000.00 25,054,000.00 22,593,000.00 26,244,000.00
      Cash and Short-Term Investments 5,525,000.00 5,860,000.00 6,243,000.00 6,398,000.00
            Cash and Cash Equivalents 5,488,000.00 5,840,000.00 6,166,000.00 6,329,000.00
            Short-Term Investments 37,000.00 20,000.00 77,000.00 69,000.00
      Net Receivables 0 0 0 0
      Inventory 5,288,000.00 5,424,000.00 4,699,000.00 8,983,000.00
      Other Current Assets 15,014,000.00 13,770,000.00 11,651,000.00 10,863,000.00
   Non-Current Assets 78,208,000.00 76,065,000.00 73,890,000.00 79,119,000.00
      Property, Plant, Equipment Net 11,647,000.00 10,502,000.00 9,449,000.00 10,171,000.00
      Goodwill 21,025,000.00 20,048,000.00 19,820,000.00 19,997,000.00
      Intangible Assets 37,177,000.00 38,089,000.00 39,307,000.00 42,387,000.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 8,359,000.00 7,426,000.00 5,314,000.00 6,564,000.00
Liabilities 63,164,000.00 61,953,000.00 59,425,000.00 66,076,000.00
   Current Liabilities 27,866,000.00 30,542,000.00 26,293,000.00 22,594,000.00
      Payables and Expenses 0 0 0 0
            Account Payables 3,640,000.00 3,267,000.00 2,550,000.00 2,824,000.00
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 2,495,000.00 5,185,000.00 5,453,000.00 1,800,000.00
      Other Current Liabilities 25,371,000.00 25,357,000.00 20,840,000.00 20,794,000.00
   Non-Current Liabilities 35,298,000.00 31,411,000.00 33,132,000.00 43,482,000.00
      Long-Term Debt 27,619,000.00 23,222,000.00 23,690,000.00 28,888,000.00
      Other Non-Current Liabilities 7,679,000.00 8,189,000.00 9,442,000.00 14,594,000.00
Equity 40,871,000.00 39,166,000.00 37,058,000.00 39,287,000.00
   Shareholders Equity 40,786,000.00 39,143,000.00 37,037,000.00 39,268,000.00
      Capital Stock 388,000.00 388,000.00 387,000.00 387,000.00
      Share Premium 35,379,000.00 35,341,000.00 35,308,000.00 35,279,000.00
      Retained Earnings 3,160,000.00 1,502,000.00 -574,000.00 1,710,000.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 85,000.00 23,000.00 21,000.00 19,000.00
Debt 30,114,000.00 28,407,000.00 29,143,000.00 30,688,000.00
Net Debt 23,174,000.00 21,439,000.00 22,024,000.00 23,372,000.00
Common Shares Outstanding 1,550,103.90 1,550,162.63 1,549,800.03 1,549,400.67
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 54,073,000.00 45,811,000.00 44,351,000.00 37,417,000.00
Cost Of Revenue 10,207,000.00 8,268,000.00 12,391,000.00 12,437,000.00
Interest Income 345,000.00 301,000.00 81,000.00 43,000.00
Interest Expense 1,682,000.00 1,589,000.00 1,330,000.00 1,276,000.00
Non-Interest Expense 20,224,000.00 18,222,000.00 17,984,000.00 15,590,000.00
Gross Profit 43,866,000.00 37,543,000.00 31,960,000.00 24,980,000.00
Operating Expenses 33,615,000.00 28,821,000.00 27,448,000.00 25,119,000.00
   Selling, General and Administrative Expenses 20,224,000.00 18,222,000.00 17,984,000.00 15,590,000.00
   Research and Development Expenses 13,583,000.00 10,935,000.00 9,762,000.00 9,736,000.00
   Other Operating Expenses 121,000.00 164,000.00 200,000.00 308,000.00
Operating Income 10,251,000.00 8,722,000.00 4,512,000.00 -139,000.00
EBT 8,691,000.00 6,899,000.00 2,501,000.00 -265,000.00
Income Tax 1,650,000.00 938,000.00 -792,000.00 -380,000.00
Net Income Including Non-Controlling Interests 7,041,000.00 5,961,000.00 3,293,000.00 115,000.00
Net Income Non-Controlling Interests -6,000.00 -6,000.00 -5,000.00 -3,000.00
Net Income 7,035,000.00 5,955,000.00 3,288,000.00 112,000.00
EBIT 10,373,000.00 8,488,000.00 3,831,000.00 1,011,000.00
Deprecation and Amortization 5,065,000.00 4,934,000.00 5,254,000.00 4,102,000.00
EBITDA 15,438,000.00 13,422,000.00 9,085,000.00 5,113,000.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 3,100,000.00 3,098,000.00 3,096,000.00 2,836,000.00
Average Shares Outstanding Diluted 3,126,000.00 3,124,000.00 3,120,000.00 2,854,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 11,861,000.00 10,345,000.00 9,808,000.00 5,963,000.00
   Operating Net Income 8,691,000.00 6,899,000.00 2,501,000.00 -265,000.00
   Deprecation and Amortization 0 0 0 0
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 0 0
   Change in Working Capital -893,000.00 300,000.00 3,757,000.00 2,021,000.00
   Other Operating Activities 4,063,000.00 3,146,000.00 3,550,000.00 4,207,000.00
Investing Cash Flow -7,980,000.00 -4,064,000.00 -2,960,000.00 -11,058,000.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -1,869,000.00 -1,229,000.00 -809,000.00 -1,078,000.00
   Net Purchase/Sale of Investments Net 12,000.00 -7,000.00 -117,000.00 -79,000.00
   Net Purchase/Sale of Business -3,927,000.00 -1,179,000.00 -1,061,000.00 -9,433,000.00
   Other Investing Activities -2,196,000.00 -1,649,000.00 -973,000.00 -468,000.00
Financing Cash Flow -3,996,000.00 -6,567,000.00 -6,823,000.00 3,649,000.00
   Net Issuance/Repayment of Debt 1,809,000.00 -965,000.00 -1,197,000.00 7,894,000.00
   Net Issuance/Repurchase of Equity -43,000.00 33,000.00 29,000.00 29,000.00
   Dividends Paid -4,629,000.00 -4,481,000.00 -4,364,000.00 -3,856,000.00
   Other Financing Activities -1,133,000.00 -1,154,000.00 -1,291,000.00 -418,000.00
Net Change in Cash -115,000.00 -286,000.00 25,000.00 -1,446,000.00
   Cash at Beginning of Period 5,637,000.00 5,983,000.00 6,038,000.00 7,546,000.00
   Cash at End of Period 5,429,000.00 5,637,000.00 5,983,000.00 6,038,000.00
Free Cash Flow 7,275,000.00 6,567,000.00 7,237,000.00 3,763,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 114,456,000.00 112,422,000.00 106,253,000.00 104,035,000.00 104,922,000.00
   Current Assets 29,940,000.00 28,939,000.00 26,139,000.00 25,827,000.00 24,155,000.00
      Cash and Short-Term Investments 8,182,000.00 7,108,000.00 5,395,000.00 5,654,000.00 4,930,000.00
            Cash and Cash Equivalents 8,143,000.00 7,058,000.00 5,230,000.00 5,488,000.00 4,797,000.00
            Short-Term Investments 39,000.00 50,000.00 165,000.00 166,000.00 133,000.00
      Net Receivables 0 0 0 0 0
      Inventory 6,593,000.00 6,467,000.00 5,884,000.00 5,288,000.00 5,662,000.00
      Other Current Assets 15,165,000.00 15,364,000.00 14,860,000.00 14,885,000.00 13,563,000.00
   Non-Current Assets 84,516,000.00 83,483,000.00 80,114,000.00 78,208,000.00 80,767,000.00
      Property, Plant, Equipment Net 13,783,000.00 13,229,000.00 12,303,000.00 11,647,000.00 11,513,000.00
      Goodwill 21,219,000.00 21,222,000.00 21,130,000.00 21,025,000.00 21,139,000.00
      Intangible Assets 38,191,000.00 37,925,000.00 37,550,000.00 37,177,000.00 39,394,000.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 11,323,000.00 11,107,000.00 9,131,000.00 8,359,000.00 8,721,000.00
Liabilities 68,485,000.00 67,612,000.00 65,122,000.00 63,164,000.00 64,117,000.00
   Current Liabilities 34,054,000.00 33,536,000.00 29,129,000.00 27,866,000.00 25,926,000.00
      Payables and Expenses 0 0 0 0 0
            Account Payables 25,028,000.00 23,986,000.00 22,544,000.00 22,465,000.00 21,684,000.00
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 6,553,000.00 6,853,000.00 3,406,000.00 2,495,000.00 1,570,000.00
      Other Current Liabilities 27,501,000.00 26,683,000.00 25,723,000.00 25,371,000.00 24,356,000.00
   Non-Current Liabilities 34,431,000.00 34,076,000.00 35,993,000.00 35,298,000.00 38,191,000.00
      Long-Term Debt 26,079,000.00 25,986,000.00 27,888,000.00 27,619,000.00 29,992,000.00
      Other Non-Current Liabilities 8,352,000.00 8,090,000.00 8,105,000.00 7,679,000.00 8,199,000.00
Equity 45,971,000.00 44,810,000.00 41,131,000.00 40,871,000.00 40,805,000.00
   Shareholders Equity 45,888,000.00 44,719,000.00 41,039,000.00 40,786,000.00 40,719,000.00
      Capital Stock 388,000.00 388,000.00 388,000.00 388,000.00 388,000.00
      Share Premium 35,243,000.00 35,238,000.00 35,233,000.00 35,226,000.00 35,203,000.00
      Retained Earnings 8,213,000.00 7,023,000.00 3,364,000.00 3,160,000.00 3,138,000.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 83,000.00 91,000.00 92,000.00 85,000.00 86,000.00
Debt 32,632,000.00 32,839,000.00 31,294,000.00 30,114,000.00 31,562,000.00
Net Debt 22,731,000.00 24,148,000.00 24,513,000.00 23,174,000.00 25,343,000.00
Common Shares Outstanding 1,550,259.60 1,550,228.33 1,550,181.15 1,550,103.90 1,550,294.66
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 15,191,000.00 14,457,000.00 13,588,000.00 14,891,000.00 13,565,000.00
Cost Of Revenue 2,801,000.00 2,473,000.00 2,241,000.00 2,725,000.00 3,081,000.00
Interest Income 85,000.00 68,000.00 84,000.00 64,000.00 183,000.00
Interest Expense 434,000.00 439,000.00 349,000.00 429,000.00 457,000.00
Non-Interest Expense 5,233,000.00 5,007,000.00 4,627,000.00 5,553,000.00 5,288,000.00
Gross Profit 12,390,000.00 11,984,000.00 11,347,000.00 12,166,000.00 10,484,000.00
Operating Expenses 8,807,000.00 8,476,000.00 7,673,000.00 10,130,000.00 8,378,000.00
   Selling, General and Administrative Expenses 5,233,000.00 5,007,000.00 4,627,000.00 5,553,000.00 5,288,000.00
   Research and Development Expenses 3,663,000.00 3,548,000.00 3,159,000.00 4,677,000.00 3,115,000.00
   Other Operating Expenses -89,000.00 -79,000.00 0 0 0
Operating Income 3,583,000.00 3,508,000.00 3,674,000.00 2,036,000.00 2,106,000.00
EBT 3,244,000.00 3,127,000.00 3,402,000.00 1,666,000.00 1,828,000.00
Income Tax 709,000.00 679,000.00 481,000.00 166,000.00 395,000.00
Net Income Including Non-Controlling Interests 2,535,000.00 2,448,000.00 2,921,000.00 1,500,000.00 1,433,000.00
Net Income Non-Controlling Interests -2,000.00 2,000.00 -5,000.00 0 -4,000.00
Net Income 2,533,000.00 2,450,000.00 2,916,000.00 1,500,000.00 1,429,000.00
EBIT 3,678,000.00 3,566,000.00 3,751,000.00 2,095,000.00 2,285,000.00
Deprecation and Amortization 1,549,000.00 1,389,000.00 1,284,000.00 714,000.00 1,817,000.00
EBITDA 5,227,000.00 4,955,000.00 5,035,000.00 2,809,000.00 4,102,000.00
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 3,102,000.00 3,100,000.00 3,100,000.00 3,100,000.00 3,100,000.00
Average Shares Outstanding Diluted 3,122,000.00 3,118,000.00 3,122,000.00 3,124,000.00 3,124,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 5,134,000.00 3,386,000.00 3,713,000.00 2,907,000.00 3,383,000.00
   Operating Net Income 3,244,000.00 3,127,000.00 3,402,000.00 1,666,000.00 1,828,000.00
   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 835,000.00 -345,000.00 -426,000.00 -350,000.00 41,000.00
   Other Operating Activities 1,055,000.00 604,000.00 737,000.00 1,591,000.00 1,514,000.00
Investing Cash Flow -2,001,000.00 -2,108,000.00 -1,253,000.00 -1,181,000.00 -1,514,000.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -686,000.00 -650,000.00 -428,000.00 -706,000.00 -417,000.00
   Net Purchase/Sale of Investments Net -23,000.00 -74,000.00 1,000.00 -32,000.00 18,000.00
   Net Purchase/Sale of Business -338,000.00 -267,000.00 -362,000.00 -274,000.00 -281,000.00
   Other Investing Activities -954,000.00 -1,117,000.00 -464,000.00 -169,000.00 -834,000.00
Financing Cash Flow -2,073,000.00 518,000.00 -2,707,000.00 -671,000.00 -4,131,000.00
   Net Issuance/Repayment of Debt -356,000.00 632,000.00 1,095,000.00 -608,000.00 -2,419,000.00
   Net Issuance/Repurchase of Equity -14,000.00 1,000.00 -478,000.00 23,000.00 -77,000.00
   Dividends Paid -1,611,000.00 -10,000.00 -3,347,000.00 -3,000.00 -1,576,000.00
   Other Financing Activities -92,000.00 -105,000.00 23,000.00 -83,000.00 -59,000.00
Net Change in Cash 1,060,000.00 1,796,000.00 -247,000.00 1,055,000.00 -2,262,000.00
   Cash at Beginning of Period 7,032,000.00 5,207,000.00 5,429,000.00 4,435,000.00 6,677,000.00
   Cash at End of Period 8,080,000.00 7,032,000.00 5,207,000.00 5,429,000.00 4,435,000.00
Free Cash Flow 3,408,000.00 1,463,000.00 2,744,000.00 1,952,000.00 2,025,000.00