Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31
Price to Earnings -2.63 36.37
Price to Sales 1.09 4.69
Book Value Per Common Share -12.05 -14.65 1.72
Price to Book -0.18 -0.47
Price to Operating Cash Flow 11.50 -11.67
Price to Free Cash Flow
Enterprise Value to EBITDA 23400.80
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31
Price to Earnings -92.50 -3.64 -2.76 -5.16 -4.20 -9.13 8.30 7.27 3.35
Price to Sales 0.88 2.24 3.89 1.33 9.69 43.39 5.80 20.77 541.67
Book Value Per Common Share -11.61 -12.65 -12.70 -12.05 -11.27 -12.34 -15.55 -14.65 -13.32 -14.36 -13.99
Price to Book -0.16 -0.15 -0.09 -0.18 -0.20 -0.30 -0.32 -0.47 -0.64 -0.39 -0.33
Price to Operating Cash Flow 4.04 -6.41 -3.44 672.73 -7.95 -12.09 -9.17 -4.66 -5.40
Price to Free Cash Flow
Enterprise Value to EBITDA 20410.20 400586.11 39784.55

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31
Earning YoY
Revenue YoY 47.83 43.80
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 2023-12-31 2023-09-30 2023-06-30 2023-03-31
Earning YoY 32.47 -43.38
Revenue YoY 146.32 196.54 348.29 236.32 447.55 3179.02
EBITDA YoY 1783.02
Net Profit YoY 33.38 -42.01

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31
Cash Per Common Share 1.05 0.82 1.95
Quick Ratio 2.52 1.62 3.50
Current Ratio 2.73 1.78 4.40
Debt to Equity 4.44 9.15 3.06
Long-Term Debt to Equity 4.00 8.21 2.74
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31
Cash Per Common Share 1.19 0.57 0.59 0.98 0.86 0.47 0.34 0.82 0.70 0.29 1.04
Quick Ratio 3.67 2.00 1.97 2.52 3.21 1.41 1.30 1.62 3.72 1.50 2.38
Current Ratio 3.95 2.17 2.19 2.73 3.42 1.56 1.26 1.78 4.15 2.44 2.57
Debt to Equity 2.99 5.58 6.00 4.44 3.43 6.18 19.42 9.15 4.75 9.93 7.48
Long-Term Debt to Equity 2.70 5.00 5.46 4.00 3.12 5.55 17.80 8.21 4.45 9.20 6.86

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31
ROA -5.35 3.12 -108.01
ROE -29.11 31.65 -438.30
Gross Margin 41.72 38.03 26.95
Operating Margin 32.35 -79.81 -47.65
EBITDA Margin 50.04 -63.19 -28.05
Net Profit Margin -15.79 12.78 -712.42
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31
ROA 6.20 -5.46 -5.64 -0.89 -10.67 -7.96 15.73 13.52 22.59
ROE 24.75 -35.93 -39.46 -3.93 -76.66 -162.50 90.45 147.83 191.49
Gross Margin 50.09 22.61 -9.98 49.33 -2.98 -67.17 49.75 -48.23 -1883.92
Operating Margin 31.64 -7.17 -61.05 18.52 -98.06 -251.50
EBITDA Margin 44.06 5.76 -35.75 36.29 -80.30 -228.07
Net Profit Margin 16.88 -32.83 -99.31 -3.28 -162.35 -364.75 69.69 286.09 16176.13

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31
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 2023-12-31 2023-09-30 2023-06-30 2023-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31
Assets 290,809.00 273,470.00 305,979.00
   Current Assets 63,809.00 45,195.00 106,865.00
      Cash and Short-Term Investments 53,083.00 36,937.00 85,143.00
            Cash and Cash Equivalents 53,083.00 36,937.00 30,163.00
            Short-Term Investments 0 0 54,980.00
      Net Receivables 5,945.00 4,113.00 29.00
      Inventory 857.00 488.00 0
      Other Current Assets 3,924.00 3,657.00 21,693.00
   Non-Current Assets 227,000.00 228,275.00 199,114.00
      Property, Plant, Equipment Net 191,720.00 204,388.00 192,540.00
      Goodwill 28,335.00 23,839.00 2,458.00
      Intangible Assets 18,228.00 3,562.00 431.00
      Long-Term Investments 0 0 1,000.00
      Non-Current Deferred Assets 0 0 0
      Other Non-Current Assets -11,283.00 -3,514.00 2,685.00
Liabilities 237,332.00 246,539.00 230,579.00
   Current Liabilities 23,392.00 25,398.00 24,307.00
      Payables and Expenses 14,057.00 17,168.00 21,840.00
            Account Payables 5,530.00 4,078.00 3,170.00
            Current Accrued Liabilities 14,057.00 17,568.00 18,670.00
      Short-Term Debt 6,605.00 5,952.00 2,467.00
      Other Current Liabilities 2,730.00 2,278.00 0.00
   Non-Current Liabilities 213,940.00 221,141.00 206,272.00
      Long-Term Debt 216,152.00 224,964.00 206,226.00
      Other Non-Current Liabilities -2,212.00 -3,823.00 46.00
Equity 53,477.00 26,931.00 75,400.00
   Shareholders Equity -653,404.00 -655,818.00 75,400.00
      Capital Stock 6.00 5.00 489,026.00
      Share Premium 101,495.00 84,771.00 0
      Retained Earnings -429,239.00 -413,672.00 -415,304.00
      Treasury Shares 0 0 0
      Accumulated Other Comprehensive Income 1,036.00 987.00 1,678.00
   Minority Interest 0 0 0
Investments 1,000.00 1,000.00 0
Debt 222,757.00 230,916.00 208,693.00
Net Debt 169,674.00 193,979.00 177,754.00
Common Shares Outstanding 54,209.39 44,776.93 43,769.29
Breakdown 2024-12-31 2023-12-31 2022-12-31
Revenues 98,613.00 66,708.00 46,388.00
Cost Of Revenue 57,475.00 41,340.00 33,886.00
Interest Expense 48,228.00 24,418.00 20,020.00
Non-Interest Expense 0 0 35,128.00
Gross Profit 41,138.00 25,368.00 12,502.00
Operating Expenses 35,820.00 82,863.00 35,128.00
   Selling, General and Administrative Expenses 54,189.00 82,863.00 35,128.00
   Other Operating Expenses -18,369.00 0.00 0
Operating Income 5,318.00 -57,495.00 -22,626.00
Net Non-Operating Income -21,647.00 -20,165.00 521.00
EBT -16,329.00 -77,660.00 -42,125.00
Income Tax 762.00 302.00 0
Net Income Including Non-Controlling Interests 0 0 -42,125.00
Net Income -15,567.00 8,524.00 -330,477.00
EBIT 31,899.00 -53,242.00 -22,105.00
Deprecation and Amortization 17,451.00 11,089.00 9,091.00
EBITDA 49,350.00 -42,153.00 -13,014.00
EPS -0.00 0.00 -0.01
Diluted EPS -0.00 0.00 -0.01
Average Shares Outstanding Basic 50,525.00 45,269.20 43,769.29
Average Shares Outstanding Diluted 50,525.00 78,908.02 43,769.29
Breakdown 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow 9,355.00 -26,808.00 -9,918.00
   Operating Net Income -46,701.00 -77,358.00 -42,125.00
   Deprecation and Amortization 17,451.00 11,089.00 9,091.00
   Deferred Income Tax -1,142.00 -342.00 0
   Share Based Compensation 16,160.00 47,796.00 9.00
   Change in Working Capital -3,154.00 -6,016.00 11,343.00
   Other Operating Activities 26,741.00 -1,977.00 11,764.00
Investing Cash Flow 2,056.00 27,158.00 -89,813.00
   Capital Expenditure 0.00 0.00 0
   Net Purchase/Sale of PPE 5,889.00 21,883.00 -35,106.00
   Net Purchase/Sale of Investments Net 4,055.00 63,405.00 -54,707.00
   Net Purchase/Sale of Business 2,592.00 0 0
   Other Investing Activities -10,480.00 -58,130.00 0
Financing Cash Flow 4,673.00 -5,831.00 124,930.00
   Net Issuance/Repayment of Debt 2,988.00 2,201.00 150,589.00
   Net Issuance/Repurchase of Equity 168.00 0 -17,732.00
   Dividends Paid 0 0 0
   Other Financing Activities 1,517.00 -8,032.00 -7,927.00
Net Change in Cash 16,146.00 -5,523.00 25,199.00
   Cash at Beginning of Period 36,937.00 42,460.00 17,261.00
   Cash at End of Period 53,083.00 36,937.00 30,163.00
Free Cash Flow 0 0 -45,310.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31
Assets 310,986.00 279,038.00 275,602.00 290,809.00 307,312.00 281,705.00 252,431.00 273,470.00 290,711.45 253,435.64 261,692.52
   Current Assets 88,193.00 53,578.00 46,387.00 63,809.00 74,312.00 38,914.00 25,207.00 45,195.00 63,779.12 41,188.34 48,890.20
      Cash and Short-Term Investments 64,375.00 30,873.00 31,593.00 53,083.00 42,590.00 22,545.00 16,065.00 36,937.00 31,671.26 13,084.40 45,011.50
            Cash and Cash Equivalents 64,375.00 30,873.00 31,593.00 53,083.00 42,590.00 22,545.00 16,065.00 36,937.00 31,671.26 13,084.40 14,688.97
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 30,322.53
      Net Receivables 17,730.00 18,325.00 10,239.00 5,945.00 27,267.00 12,690.00 9,952.00 4,113.00 25,401.84 12,243.19 367.34
      Inventory 1,043.00 1,060.00 869.00 857.00 799.00 742.00 476.00 488.00 488.14 434.89 434.89
      Other Current Assets 5,045.00 3,320.00 3,686.00 3,924.00 3,656.00 2,937.00 -1,286.00 3,657.00 6,217.88 15,425.86 3,076.47
   Non-Current Assets 222,793.00 225,460.00 229,215.00 227,000.00 233,000.00 242,791.00 227,224.00 228,275.00 226,932.34 212,247.30 212,802.32
      Property, Plant, Equipment Net 188,226.00 190,869.00 194,180.00 191,720.00 193,403.00 202,395.00 203,266.00 204,388.00 206,591.39 203,688.52 204,058.95
      Goodwill 28,588.00 28,588.00 28,613.00 28,335.00 36,464.00 47,019.00 23,863.00 23,839.00 13,134.37 2,457.94 2,457.94
      Intangible Assets 6,000.00 6,056.00 6,046.00 18,228.00 6,217.00 6,366.00 2,016.00 3,562.00 1,428.96 155.37 181.78
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets -21.00 -53.00 376.00 -11,283.00 -3,084.00 -12,989.00 -1,921.00 -3,514.00 5,777.62 5,945.47 6,103.64
Liabilities 233,064.00 236,652.00 236,230.00 237,332.00 237,961.00 242,480.00 240,070.00 246,539.00 240,166.14 230,249.11 230,827.76
   Current Liabilities 22,349.00 24,648.00 21,197.00 23,392.00 21,746.00 24,926.00 20,068.00 25,398.00 15,360.58 16,873.87 19,035.87
      Payables and Expenses 11,049.00 13,165.00 9,768.00 14,057.00 13,570.00 16,183.00 11,955.00 17,168.00 10,536.13 7,823.15 13,063.96
            Account Payables 6,473.00 6,705.00 6,949.00 5,530.00 4,223.00 4,616.00 4,532.00 4,078.00 1,351.97 6,235.94 3,503.47
            Current Accrued Liabilities 11,049.00 13,165.00 9,768.00 14,057.00 13,670.00 16,583.00 12,055.00 17,568.00 10,536.13 7,823.15 13,063.96
      Short-Term Debt 4,827.00 4,778.00 7,080.00 6,605.00 7,853.00 5,927.00 5,881.00 5,952.00 4,645.48 2,814.77 2,468.45
      Other Current Liabilities 6,473.00 6,705.00 4,349.00 2,730.00 323.00 2,816.00 2,232.00 2,278.00 178.97 6,235.94 3,503.47
   Non-Current Liabilities 210,715.00 212,004.00 215,033.00 213,940.00 216,215.00 217,554.00 220,002.00 221,141.00 224,805.56 213,375.24 211,791.89
      Long-Term Debt 206,621.00 207,864.00 212,631.00 216,152.00 221,597.00 221,603.00 223,810.00 224,964.00 227,380.51 216,510.72 205,987.61
      Other Non-Current Liabilities 4,094.00 4,140.00 2,402.00 -2,212.00 -5,382.00 -4,049.00 -3,808.00 -3,823.00 -2,574.95 -3,135.48 5,804.27
Equity 77,922.00 42,386.00 39,372.00 53,477.00 69,351.00 39,225.00 12,361.00 26,931.00 50,545.31 23,186.53 30,864.75
   Shareholders Equity -644,786.00 -701,980.00 -694,736.00 -653,404.00 -608,700.00 -656,000.00 -697,336.00 -655,818.00 -596,483.37 -639,104.88 -612,137.27
      Capital Stock 6.00 6.00 6.00 6.00 6.00 6.00 5.00 5.00 4.95 4.91 4.83
      Share Premium 86,988.00 92,843.00 96,583.00 101,495.00 111,288.00 114,623.00 83,953.00 84,771.00 82,776.62 78,977.39 73,406.86
      Retained Earnings -409,950.00 -444,469.00 -444,777.00 -429,239.00 -416,394.00 -443,740.00 -433,759.00 -413,672.00 -382,566.33 -400,054.31 -381,032.71
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 563.00 630.00 820.00 1,036.00 750.00 1,111.00 1,133.00 987.00 1,543.08 1,519.57 1,552.38
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Investments 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 30,322.53
Debt 211,448.00 212,642.00 219,711.00 222,757.00 229,450.00 227,530.00 229,691.00 230,916.00 232,025.99 219,325.49 208,456.06
Net Debt 147,073.00 181,769.00 188,118.00 169,674.00 186,860.00 204,985.00 213,626.00 193,979.00 200,354.74 206,241.09 163,444.57
Common Shares Outstanding 55,543.10 55,491.48 54,722.65 54,209.39 53,992.84 53,157.87 44,842.59 44,776.93 44,776.93 44,505.94 43,769.29
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31
Revenues 114,283.00 46,397.00 15,646.00 -8,443.00 83,028.00 18,521.00 5,507.00 -11,237.80 65,599.77 11,980.65 365.37
Cost Of Revenue 57,040.00 35,907.00 17,207.00 -12,878.00 42,074.00 19,073.00 9,206.00 -16,634.52 32,967.00 17,758.81 7,248.71
Gross Profit 57,243.00 10,490.00 -1,561.00 4,435.00 40,954.00 -552.00 -3,699.00 5,396.73 32,632.77 -5,778.16 -6,883.34
Operating Expenses 22,837.00 15,114.00 8,590.00 -23,455.00 28,153.00 19,512.00 11,610.00 -63,024.56 64,242.77 48,416.30 33,228.49
   Selling, General and Administrative Expenses 24,137.00 16,414.00 9,590.00 -9,486.00 30,153.00 20,912.00 12,610.00 -63,024.56 64,242.77 48,416.30 33,228.49
   Other Operating Expenses -1,300.00 -1,300.00 -1,000.00 -13,969.00 -2,000.00 -1,400.00 -1,000.00 0.00 0.00 0.00 0.00
Operating Income 34,406.00 -4,624.00 -10,151.00 27,890.00 12,801.00 -20,064.00 -15,309.00 68,421.29 -31,610.01 -54,194.46 -40,111.83
Net Non-Operating Income -15,524.00 -10,173.00 -5,136.00 9,584.00 -15,993.00 -10,474.00 -4,764.00 -20,165.00 0 0 0
Interest Expense 17,274.00 11,472.00 5,735.00 11,062.00 18,566.00 12,377.00 6,223.00 -11,046.92 18,031.96 11,768.41 5,664.55
Net Interest -17,274.00 -11,472.00 -5,735.00 0 0 0 0 0 0 0 0
EBT 18,882.00 -14,797.00 -15,287.00 37,474.00 -3,192.00 -30,538.00 -20,073.00 -77,660.00 0 0 0
Income Tax 407.00 433.00 251.00 -192.00 470.00 470.00 14.00 -12.08 314.08 0.00 0.00
Net Income 19,289.00 -15,230.00 -15,538.00 37,310.00 -2,722.00 -30,068.00 -20,087.00 -130,571.24 45,715.99 34,276.04 59,103.22
EBIT 36,156.00 -3,325.00 -9,552.00 48,536.00 15,374.00 -18,161.00 -13,850.00 -53,242.00 0 0 0
Deprecation and Amortization 14,196.00 5,999.00 3,959.00 -1,886.00 14,759.00 3,288.00 1,290.00 -5,882.18 10,233.95 4,986.19 1,751.05
EBITDA 50,352.00 2,674.00 -5,593.00 46,650.00 30,133.00 -14,873.00 -12,560.00 -42,153.00 0 0 0
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 54,113.21 53,846.77 53,814.60 56,899.89 49,633.39 47,964.46 47,602.24 48,207.78 44,936.63 44,443.93 43,488.47
Average Shares Outstanding Diluted 54,113.21 53,846.77 53,814.60 56,899.89 49,633.39 47,964.46 47,602.24 85,542.84 77,903.35 77,199.13 74,986.75
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31
Operating Cash Flow 24,761.00 -16,215.00 -17,656.00 51,509.00 166.00 -22,558.00 -19,762.00 104,780.56 -41,491.36 -53,444.61 -36,652.58
   Operating Net Income 19,289.00 -15,230.00 -46,614.00 6,176.00 -2,722.00 -30,068.00 -20,087.00 77,252.04 -46,218.56 -63,706.54 -44,684.94
   Deprecation and Amortization 14,196.00 5,999.00 3,959.00 -1,886.00 14,759.00 3,288.00 1,290.00 -5,882.18 10,233.95 4,986.19 1,751.05
   Deferred Income Tax 0 0 0 -162.00 -490.00 -490.00 0 -342.00 0 0 0
   Share Based Compensation 4,829.00 3,728.00 1,991.00 -13,782.00 13,719.00 10,350.00 5,873.00 -48,497.48 38,650.88 32,045.58 25,597.02
   Change in Working Capital 5,589.00 11,054.00 209.00 -23,409.00 17,022.00 5,894.00 -2,661.00 -7,873.42 10,346.13 1,767.69 -10,256.40
   Other Operating Activities -19,142.00 -21,766.00 22,799.00 84,572.00 -42,122.00 -11,532.00 -4,177.00 90,123.60 -54,503.76 -28,537.54 -9,059.31
Investing Cash Flow -10,517.00 -3,890.00 -2,643.00 742.00 80.00 1,448.00 -214.00 -50,217.91 35,851.53 28,565.25 12,959.14
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 12,469.00 5,836.00 4,539.00 -3,166.00 4,577.00 3,209.00 1,269.00 -21,614.55 18,871.14 13,342.09 11,284.32
   Net Purchase/Sale of Investments Net 0 0 0 890.00 1,055.00 1,055.00 1,055.00 -57,469.37 53,088.67 42,723.97 25,061.74
   Net Purchase/Sale of Business 0 0 0 -2,592.00 2,592.00 2,592.00 0 0 0 0 0
   Other Investing Activities -22,986.00 -9,726.00 -7,182.00 5,610.00 -8,144.00 -5,408.00 -2,538.00 28,866.01 -36,108.27 -27,500.81 -23,386.93
Financing Cash Flow -2,857.00 -2,010.00 -1,159.00 -6,556.00 5,407.00 6,718.00 -896.00 7,847.92 -5,105.25 -4,496.27 -4,077.40
   Net Issuance/Repayment of Debt 2,466.00 1,636.00 817.00 -1,461.00 2,230.00 1,479.00 740.00 -630.96 1,482.42 880.61 468.93
   Net Issuance/Repurchase of Equity 0 0 0 -336.00 168.00 168.00 168.00 0 0 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -5,323.00 -3,646.00 -1,976.00 -4,759.00 3,009.00 5,071.00 -1,804.00 8,478.89 -6,587.68 -5,376.88 -4,546.33
Net Change in Cash 11,292.00 -22,210.00 -21,490.00 45,757.00 5,653.00 -14,392.00 -20,872.00 62,411.25 -10,788.37 -29,375.22 -27,770.66
   Cash at Beginning of Period 53,083.00 53,083.00 53,083.00 7,326.00 36,937.00 36,937.00 36,937.00 -25,474.25 42,459.63 42,459.63 42,459.63
   Cash at End of Period 64,375.00 30,873.00 31,593.00 53,083.00 42,590.00 22,545.00 16,065.00 36,937.00 31,671.26 13,084.40 14,688.97
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0