Valuation Ratios

Breakdown 2024-12-31 2023-12-31
Price to Earnings -76.52 -19.50
Price to Sales 3.58 3.81
Book Value Per Common Share 49.38 45.03
Price to Book 0.77 0.88
Price to Operating Cash Flow 142.71 1504.94
Price to Free Cash Flow
Enterprise Value to EBITDA 28236.70 38720.77
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30
Price to Earnings 143.41 -246.16 -60.62 -199.00 -109.56 -47.06 -23.66
Price to Sales 3.89 8.15 53.03 4.04 7.64 65.19 3.85
Book Value Per Common Share 8.92 8.35 7.77 8.55 8.28 7.74 9.13
Price to Book 4.66 5.60 5.15 4.65 4.77 5.04 3.91
Price to Operating Cash Flow -2224.06 33.43 26.14 -201.11 43.05 26.54 -103.51
Price to Free Cash Flow
Enterprise Value to EBITDA 214232.22 659704.72 386572.69 950250.17

Earnings Data

Breakdown 2024-12-31 2023-12-31
Earning YoY
Revenue YoY 3.45
EBITDA YoY 33.19
Net Profit YoY 18.99
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30
Earning YoY
Revenue YoY 86.62 661.79 90.85 762.88 -93.53 90.28
EBITDA YoY 174.65 148.35
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31
Cash Per Common Share 1.82 2.23
Quick Ratio 0.18 0.24
Current Ratio 1.19 1.58
Debt to Equity 1.84 1.78
Long-Term Debt to Equity 0.37 0.49
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30
Cash Per Common Share 1.82 2.45 4.27 1.87 2.60 3.38 2.05
Quick Ratio 0.46 0.41 0.65 0.36 0.42 0.58
Current Ratio 0.87 0.64 0.78 0.70 0.64 0.80 1.29
Debt to Equity 1.92 2.15 2.38 1.87 2.00 2.26 1.64
Long-Term Debt to Equity 1.48 1.45 1.54 1.28 1.26 1.53 1.31

Profitability

Breakdown 2024-12-31 2023-12-31
ROA 50.16 42.70
ROE 142.54 118.81
Gross Margin -55.08 23.33
Operating Margin 117.35 87.42
EBITDA Margin 126.83 98.50
Net Profit Margin 115.33 100.26
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30
ROA 1.08 -0.71 -2.46 -0.78 -1.41 -3.20 -6.12
ROE 3.16 -2.22 -8.31 -2.24 -4.22 -10.44 -16.14
Gross Margin -43.03 -47.71 -116.78 20.83 20.32 -27.99 23.75
Operating Margin 9.53 2.75 -92.25 2.16 -1.96 -124.02 -10.96
EBITDA Margin 18.17 12.35 -64.17 10.46 8.04 -83.88 -1.33
Net Profit Margin 2.69 -3.31 -87.67 -1.99 -6.93 -138.27 -16.22

Dividends

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

Financial Statements

Breakdown 2024-12-31 2023-12-31
Assets 1,523,846.00 1,504,330.00
   Current Assets 939,902.00 1,102,934.00
      Cash and Short-Term Investments 112,599.00 137,717.00
            Cash and Cash Equivalents 112,599.00 137,717.00
            Short-Term Investments 0 0
      Net Receivables 27,628.00 27,838.00
      Inventory 0 0
      Other Current Assets 799,675.00 937,379.00
   Non-Current Assets 583,944.00 401,396.00
      Property, Plant, Equipment Net 3,489,241.00 3,278,531.00
      Goodwill 175,764.00 175,764.00
      Intangible Assets 0 0
      Long-Term Investments 108,786.00 99,213.00
      Non-Current Deferred Assets 0 0
      Other Non-Current Assets -3,189,847.00 -3,152,112.00
Liabilities 987,622.00 963,688.00
   Current Liabilities 788,559.00 698,601.00
      Payables and Expenses 63,711.00 73,096.00
            Account Payables 0 0
            Current Accrued Liabilities 0 0
      Short-Term Debt 104,193.00 42,153.00
      Other Current Liabilities 620,655.00 583,352.00
   Non-Current Liabilities 199,063.00 265,087.00
      Long-Term Debt 616,772.00 630,702.00
      Other Non-Current Liabilities -417,709.00 -365,615.00
Equity 536,224.00 540,642.00
   Shareholders Equity 3,063,398.00 2,779,657.00
      Capital Stock 624.00 619.00
      Share Premium 1,112,551.00 1,089,625.00
      Retained Earnings -585,644.00 -554,376.00
      Treasury Shares 0 0
      Accumulated Other Comprehensive Income -3,352.00 -7,271.00
   Minority Interest 12,045.00 12,045.00
Investments 108,786.00 99,213.00
Debt 720,965.00 672,855.00
Net Debt 608,366.00 535,138.00
Common Shares Outstanding 0 0
Breakdown 2024-12-31 2023-12-31
Revenues 662,748.00 640,667.00
Cost Of Revenue 1,027,816.00 491,225.00
Gross Profit -365,068.00 149,442.00
Operating Expenses -325,403.00 195,882.00
   Selling, General and Administrative Expenses 125,676.00 124,338.00
   Other Operating Expenses -451,079.00 71,544.00
Operating Income -39,665.00 -46,440.00
Net Non-Operating Income 778,586.00 568,850.00
Interest Expense 38,789.00 37,673.00
EBT 738,921.00 522,410.00
Income Tax 4,673.00 3,864.00
Equity Method Investments Income 30,460.00 26,985.00
Net Income Including Non-Controlling Interests -31,268.00 0
Net Income Non-Controlling Interests 795,598.00 0
Net Income 764,330.00 642,333.00
EBIT 777,710.00 560,083.00
Deprecation and Amortization 62,829.00 70,980.00
EBITDA 840,539.00 631,063.00
EPS -0.00 -0.00
Diluted EPS -0.00 -0.00
Average Shares Outstanding Basic 62,032.00 61,735.00
Average Shares Outstanding Diluted 62,903.00 62,529.00
Breakdown 2024-12-31 2023-12-31
Operating Cash Flow 16,631.00 1,626.00
   Operating Net Income -31,268.00 -125,294.00
   Deprecation and Amortization 62,829.00 70,980.00
   Deferred Income Tax -9,288.00 -7,872.00
   Share Based Compensation 16,519.00 13,221.00
   Change in Working Capital 14,126.00 55,882.00
   Other Operating Activities -36,287.00 -5,291.00
Investing Cash Flow -86,307.00 -69,051.00
   Capital Expenditure 0.00 0.00
   Net Purchase/Sale of PPE 86,013.00 69,036.00
   Net Purchase/Sale of Investments Net -40.00 -110.00
   Net Purchase/Sale of Business 334.00 125.00
   Other Investing Activities -172,614.00 -138,102.00
Financing Cash Flow 44,558.00 32,329.00
   Net Issuance/Repayment of Debt 247,305.00 139,220.00
   Net Issuance/Repurchase of Equity 0 0
   Dividends Paid 0 0
   Other Financing Activities -202,747.00 -106,891.00
Net Change in Cash -25,118.00 -35,096.00
   Cash at Beginning of Period 137,717.00 172,813.00
   Cash at End of Period 112,599.00 137,717.00
Free Cash Flow 0 0
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
Assets 1,671,466.00 1,683,861.00 1,681,439.00 1,523,846.00 1,557,247.00 1,573,817.00 1,602,189.00 1,504,330.00 1,518,839.00 1,509,102.00
   Current Assets 217,081.00 236,533.00 321,362.00 939,902.00 224,138.00 248,296.00 287,441.00 1,102,934.00 243,848.00 264,129.00
      Cash and Short-Term Investments 114,617.00 153,621.00 266,991.00 112,599.00 116,020.00 161,356.00 209,017.00 137,717.00 126,529.00 182,570.00
            Cash and Cash Equivalents 114,617.00 153,621.00 266,991.00 112,599.00 116,020.00 161,356.00 209,017.00 137,717.00 126,529.00 182,570.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0
      Net Receivables 240.00 244.00 445.00 27,628.00 468.00 523.00 424.00 27,838.00 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 102,224.00 82,668.00 53,926.00 799,675.00 107,650.00 86,417.00 78,000.00 937,379.00 117,319.00 81,559.00
   Non-Current Assets 1,454,385.00 1,447,328.00 1,360,077.00 583,944.00 1,333,109.00 1,325,521.00 1,314,748.00 401,396.00 1,274,991.00 1,244,973.00
      Property, Plant, Equipment Net 3,808,659.00 3,779,586.00 3,553,266.00 3,489,241.00 3,479,055.00 3,449,043.00 3,380,985.00 3,278,531.00 3,185,328.00 3,112,197.00
      Goodwill 175,764.00 175,764.00 175,764.00 175,764.00 175,764.00 175,764.00 175,764.00 175,764.00 175,764.00 175,764.00
      Intangible Assets 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 121,173.00 114,606.00 108,908.00 108,786.00 113,929.00 107,321.00 100,140.00 99,213.00 105,614.00 98,890.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets -2,651,211.00 -2,622,628.00 -2,477,861.00 -3,189,847.00 -2,435,639.00 -2,406,607.00 -2,342,141.00 -3,152,112.00 -2,191,715.00 -2,141,878.00
Liabilities 1,099,007.00 1,148,988.00 1,183,273.00 987,622.00 1,014,780.00 1,049,099.00 1,110,942.00 963,688.00 943,188.00 1,287,220.00
   Current Liabilities 249,704.00 371,162.00 413,865.00 788,559.00 321,658.00 388,170.00 359,871.00 698,601.00 189,301.00 220,165.00
      Payables and Expenses 65,505.00 111,043.00 82,300.00 63,711.00 92,525.00 99,483.00 99,118.00 73,096.00 68,339.00 65,426.00
            Account Payables 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 104,833.00 104,445.00 104,344.00 104,193.00 137,626.00 137,673.00 42,547.00 42,153.00 7,786.00 7,205.00
      Other Current Liabilities 79,366.00 155,674.00 227,221.00 620,655.00 91,507.00 151,014.00 218,206.00 583,352.00 113,176.00 147,534.00
   Non-Current Liabilities 849,303.00 777,826.00 769,408.00 199,063.00 693,122.00 660,929.00 751,071.00 265,087.00 753,887.00 1,067,055.00
      Long-Term Debt 756,969.00 699,495.00 699,003.00 616,772.00 605,993.00 564,813.00 643,210.00 630,702.00 654,236.00 637,504.00
      Other Non-Current Liabilities 92,334.00 78,331.00 70,405.00 -417,709.00 87,129.00 96,116.00 107,861.00 -365,615.00 99,651.00 429,551.00
Equity 572,459.00 534,873.00 498,166.00 536,224.00 542,467.00 524,718.00 491,247.00 540,642.00 575,651.00 221,882.00
   Shareholders Equity 560,290.00 522,828.00 486,121.00 3,063,398.00 530,422.00 512,673.00 479,202.00 2,779,657.00 563,606.00 210,593.00
      Capital Stock 627.00 626.00 624.00 624.00 621.00 620.00 619.00 619.00 617.00 0
      Share Premium 1,130,565.00 1,123,091.00 1,115,876.00 1,112,551.00 1,103,820.00 1,096,021.00 1,091,572.00 1,089,625.00 1,088,517.00 0
      Retained Earnings -567,563.00 -597,541.00 -627,035.00 -585,644.00 -566,519.00 -576,539.00 -605,648.00 -554,376.00 -522,018.00 -515,971.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -3,339.00 -3,348.00 -3,344.00 -3,352.00 -7,500.00 -7,429.00 -7,341.00 -7,271.00 -3,510.00 -4,056.00
   Minority Interest 12,169.00 12,045.00 12,045.00 12,045.00 12,045.00 12,045.00 12,045.00 12,045.00 12,045.00 11,289.00
Investments 121,173.00 114,606.00 108,908.00 108,786.00 113,929.00 107,321.00 100,140.00 99,213.00 105,614.00 98,890.00
Debt 861,802.00 803,940.00 803,347.00 720,965.00 743,619.00 702,486.00 685,757.00 672,855.00 662,022.00 644,709.00
Net Debt 747,185.00 650,319.00 536,356.00 608,366.00 627,599.00 541,130.00 476,740.00 535,138.00 535,493.00 462,139.00
Common Shares Outstanding 0 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 2023-09-30 2023-06-30
Revenues 671,189.00 359,651.00 47,211.00 -304,918.00 610,630.00 319,956.00 37,080.00 572,919.00 301,095.00
Cost Of Revenue 960,000.00 531,226.00 102,342.00 242,004.00 483,412.00 254,940.00 47,460.00 436,875.00 236,433.00
Gross Profit -288,811.00 -171,575.00 -55,131.00 -546,922.00 127,218.00 65,016.00 -10,380.00 136,044.00 64,662.00
Operating Expenses -325,076.00 -168,910.00 -10,679.00 -608,048.00 148,235.00 92,435.00 41,975.00 150,118.00 94,452.00
   Selling, General and Administrative Expenses 96,928.00 62,175.00 27,235.00 -59,427.00 97,566.00 60,444.00 27,093.00 94,339.00 64,493.00
   Other Operating Expenses -422,004.00 -231,085.00 -37,914.00 -548,621.00 50,669.00 31,991.00 14,882.00 55,779.00 29,959.00
Operating Income 36,265.00 -2,665.00 -44,452.00 61,126.00 -21,017.00 -27,419.00 -52,355.00 -14,074.00 -29,790.00
Net Non-Operating Income -6,577.00 -9,452.00 -9,446.00 774,188.00 5,487.00 1,984.00 -3,073.00 -76,758.00 -63,251.00
Interest Expense 34,281.00 21,996.00 10,344.00 -18,527.00 28,717.00 19,156.00 9,443.00 28,017.00 18,360.00
EBT 29,688.00 -12,117.00 -53,898.00 835,314.00 -15,530.00 -25,435.00 -55,428.00 -90,832.00 -93,041.00
Income Tax 11,483.00 220.00 12,507.00 -6,142.00 3,387.00 3,272.00 4,156.00 2,104.00 6,152.00
Equity Method Investments Income 24,213.00 10,935.00 322.00 -11,367.00 26,951.00 13,249.00 1,627.00 23,384.00 10,659.00
Net Income Including Non-Controlling Interests 18,205.00 0 0 -31,268.00 0 0 0 0 0
Net Income Non-Controlling Interests -124.00 0 0 795,598.00 0 0 0 0 0
Net Income 18,081.00 -11,897.00 -41,391.00 849,908.00 -12,143.00 -22,163.00 -51,272.00 -92,936.00 -86,889.00
EBIT 63,969.00 9,879.00 -43,554.00 816,787.00 13,187.00 -6,279.00 -45,985.00 -62,815.00 -74,681.00
Deprecation and Amortization 57,996.00 34,528.00 13,257.00 -34,713.00 50,669.00 31,991.00 14,882.00 55,215.00 33,929.00
EBITDA 121,965.00 44,407.00 -30,297.00 782,074.00 63,856.00 25,712.00 -31,103.00 -7,600.00 -40,752.00
EPS 0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 0
Diluted EPS 0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 62,823.00 62,636.00 62,574.00 62,280.00 62,021.00 61,948.00 61,879.00 61,720.00 0
Average Shares Outstanding Diluted 63,832.00 63,509.00 63,320.00 63,078.00 63,039.00 62,792.00 62,703.00 62,588.00 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
Operating Cash Flow -1,175.00 87,640.00 95,770.00 -118,913.00 -12,272.00 56,752.00 91,064.00 -21,306.00 35,892.00
   Operating Net Income 18,205.00 -11,897.00 -41,391.00 54,310.00 -12,143.00 -22,163.00 -51,272.00 -92,936.00 -86,889.00
   Deprecation and Amortization 57,996.00 34,528.00 13,257.00 -34,713.00 50,669.00 31,991.00 14,882.00 55,215.00 33,929.00
   Deferred Income Tax 11,054.00 -5,761.00 -12,582.00 -2,357.00 -10,902.00 -2,801.00 6,772.00 -6,086.00 -7,014.00
   Share Based Compensation 10,049.00 5,292.00 2,646.00 -8,413.00 13,789.00 7,424.00 3,719.00 9,653.00 6,344.00
   Change in Working Capital 30,225.00 125,428.00 117,045.00 -194,855.00 42,259.00 69,209.00 97,513.00 78,988.00 64,479.00
   Other Operating Activities -128,704.00 -59,950.00 16,795.00 67,115.00 -95,944.00 -26,908.00 19,450.00 -66,140.00 25,043.00
Investing Cash Flow -137,666.00 -130,105.00 -21,517.00 73,608.00 -74,215.00 -58,105.00 -27,595.00 -45,328.00 -29,590.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 93,709.00 93,709.00 19,516.00 -72,983.00 73,922.00 57,432.00 27,642.00 45,313.00 29,700.00
   Net Purchase/Sale of Investments Net -6.00 -4.00 2,001.00 -245.00 293.00 -41.00 -47.00 -110.00 -110.00
   Net Purchase/Sale of Business 0 0 0 -380.00 0 714.00 0 125.00 0
   Other Investing Activities -231,369.00 -223,810.00 -43,034.00 147,216.00 -148,430.00 -116,210.00 -55,190.00 -90,656.00 -59,180.00
Financing Cash Flow 140,859.00 83,487.00 80,139.00 -53,055.00 64,790.00 24,992.00 7,831.00 20,350.00 3,455.00
   Net Issuance/Repayment of Debt 168,823.00 94,211.00 90,038.00 45,679.00 145,627.00 38,192.00 17,807.00 91,245.00 34,708.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0
   Other Financing Activities -27,964.00 -10,724.00 -9,899.00 -98,734.00 -80,837.00 -13,200.00 -9,976.00 -70,895.00 -31,253.00
Net Change in Cash 2,018.00 41,022.00 154,392.00 -98,360.00 -21,697.00 23,639.00 71,300.00 -46,284.00 9,757.00
   Cash at Beginning of Period 112,599.00 112,599.00 112,599.00 210,959.00 137,717.00 137,717.00 137,717.00 172,813.00 172,813.00
   Cash at End of Period 114,617.00 153,621.00 266,991.00 112,599.00 116,020.00 161,356.00 209,017.00 126,529.00 182,570.00
Free Cash Flow 0 0 0 0 0 0 0 0 0