Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 0.01 0.01 0.01 0.03
Price to Sales 0.00 0.00 0.00 0.00
Book Value Per Common Share 4200.62 4964.39 1809.34 508.01
Price to Book 0.00 0.00 0.00 0.01
Price to Operating Cash Flow 0.00 0.00 0.00 0.00
Price to Free Cash Flow 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 0.05 0.06 0.05 0.06 0.02
Price to Sales 0.00 0.00 0.01 0.01 0.00
Book Value Per Common Share 4766.20 4698.89 4518.34 4200.62 3841.93
Price to Book 0.00 0.00 0.00 0.00 0.00
Price to Operating Cash Flow 0.01 -0.01 0.06 0.00
Price to Free Cash Flow 0.01 -0.01 -0.06 0.00
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 114.68 179.76 177.65
Revenue YoY -17.47 57.43 190.56
EBITDA YoY
Net Profit YoY 5.51 -14.39 599.88
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -36.91 -29.42 28.26 -53.43
Revenue YoY 6.36 14.69 -5.27 -5.24
EBITDA YoY
Net Profit YoY -36.62 -29.42 -12.87 -31.45

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share
Quick Ratio
Current Ratio
Debt to Equity 4.63 3.32 4.40 5.32
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share
Quick Ratio
Current Ratio
Debt to Equity 6.43 5.56 4.78 4.63 4.25
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 2.45 2.57 6.56 2.84
ROE 13.78 11.09 35.45 17.95
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 10.50 8.21 15.11 6.27
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.16 0.29 0.48 0.61 1.05
ROE 1.18 1.89 2.78 3.44 5.49
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 4.15 6.97 11.32 12.31 17.02

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.08 0.00 0.07
Dividend Payout Ratio 25.14 0.18 4.38
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield 0.01 0.02
Dividend Payout Ratio 7.48 11.98

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 14,719,893,843.00 13,305,540,254.00 6,078,456,674.00 2,008,278,980.00
      Cash and Short-Term Investments 0 0 0 0
            Cash and Cash Equivalents 2,823,405,750.00 2,488,330,006.00 922,374,620.00 425,189,092.00
            Short-Term Investments 2,341,183,504.00 1,443,931,938.00 1,922,420,488.00 325,451,665.00
      Net Receivables 1,423,733,127.00 926,860,558.00 111,001,466.00 35,135,881.00
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 646,547,368.00 649,407,209.00 299,274,663.00 99,191,276.00
      Goodwill 0 0 0 0
      Intangible Assets 69,228,950.00 72,161,118.00 29,949,642.00 7,159,804.00
      Long-Term Investments 2,617,082,171.00 2,151,548,108.00 2,144,164,687.00 383,119,002.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 12,104,066,606.00 10,224,683,502.00 4,953,031,616.00 1,690,739,197.00
      Payables and Expenses 324,209,368.00 774,971,541.00 213,090,977.00 86,819,100.00
            Account Payables 170,833.00 27,987.00 127,187.00 68,565.00
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 1,126,839.00 2,662,757.00 962,674.00 0
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 347,868,171.00 137,589,911.00 74,095,669.00 29,486,304.00
      Other Non-Current Liabilities 0 0 0 0
Equity 2,615,827,237.00 3,080,856,752.00 1,125,425,058.00 317,539,783.00
   Shareholders Equity 2,573,759,465.00 3,041,728,811.00 1,108,598,940.00 311,265,700.00
      Capital Stock 612,710.00 612,710.00 612,710.00 612,710.00
      Share Premium 6,744,974.00 6,744,974.00 6,744,974.00 77,582,620.00
      Retained Earnings -367,211,255.00 -369,305,680.00 -143,262,513.00 -66,529,276.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 2,030,985,593.00 2,501,049,364.00 833,982,302.00 243,603,787.00
   Minority Interest 42,067,772.00 39,127,941.00 16,826,118.00 6,274,083.00
Debt 348,995,010.00 140,252,668.00 75,058,343.00 29,486,304.00
Common Shares Outstanding 612,710.08 612,710.08 612,710.08 612,710.08
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 3,432,246,397.00 4,158,635,714.00 2,641,600,999.00 909,153,902.00
Interest Income 4,749,678,185.00 6,999,021,508.00 4,317,348,759.00 1,318,067,140.00
Interest Expense 1,767,275,340.00 3,389,943,816.00 1,970,167,737.00 554,488,203.00
Non-Interest Expense 1,482,705,082.00 1,615,963,573.00 1,278,026,592.00 520,828,193.00
   Selling, General and Administrative Expenses 966,656,268.00 981,186,004.00 838,789,420.00 351,907,566.00
Net Non-Operating Income -1,421,247,270.00 -1,804,868,429.00 -905,994,003.00 -251,297,163.00
EBT 441,080,385.00 682,307,668.00 375,932,109.00 84,786,272.00
Income Tax 76,264,805.00 339,863,041.00 -17,114,200.00 28,034,559.00
Net Income Including Non-Controlling Interests 364,815,580.00 342,444,627.00 393,046,309.00 56,751,713.00
Net Income Non-Controlling Interests -4,410,216.00 -865,030.00 5,971,673.00 260,303.00
Net Income 360,405,364.00 341,579,597.00 399,017,982.00 57,012,016.00
Deprecation and Amortization 79,611,677.00 60,712,654.00 69,639,875.00 33,858,994.00
EPS 1.73 0.81 0.29 0.10
Diluted EPS 1.73 0.81 0.29 0.10
Average Shares Outstanding Basic 204,236.69 204,236.69 204,236.69 204,236.69
Average Shares Outstanding Diluted 204,236.69 204,236.69 204,236.69 204,236.69
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 2,589,348,863.00 1,309,253,957.00 766,425,281.00 680,172,112.00
   Operating Net Income 441,080,385.00 682,307,668.00 375,932,109.00 84,786,272.00
   Deprecation and Amortization 79,611,677.00 60,712,654.00 69,639,875.00 33,858,994.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 0 0
   Change in Working Capital 45,881,438.00 -228,352,990.00 -953,712,202.00 -255,809,928.00
   Other Operating Activities 2,022,775,363.00 794,586,625.00 1,274,565,499.00 817,336,774.00
Investing Cash Flow -162,395,703.00 -93,627,578.00 -184,130,642.00 -34,269,057.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -164,525,453.00 -91,783,378.00 -111,280,464.00 -48,788,435.00
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0 0 0 0
Financing Cash Flow 124,391,616.00 -57,614,778.00 -57,697,381.00 -15,747,223.00
   Net Issuance/Repayment of Debt 177,420,352.00 -58,825,356.00 -43,961,481.00 -15,242,901.00
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid -90,609,727.00 -606,095.00 -17,475,201.00 0
   Other Financing Activities 37,580,991.00 1,816,673.00 3,739,301.00 -504,322.00
Net Change in Cash 2,551,344,776.00 1,158,011,601.00 524,597,258.00 630,155,832.00
   Cash at Beginning of Period 2,488,330,006.00 2,008,588,332.00 2,883,317,143.00 1,392,098,573.00
   Cash at End of Period 2,823,405,750.00 2,488,330,006.00 2,008,588,332.00 1,324,071,770.00
Free Cash Flow 2,424,823,410.00 1,217,470,579.00 655,144,817.00 631,383,677.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 22,166,553,000.00 19,264,453,541.00 16,288,455,732.00 14,719,893,843.00 12,552,531,436.00
      Cash and Short-Term Investments 0 0 0 0 0
            Cash and Cash Equivalents 3,831,746,000.00 3,314,123,976.00 2,450,905,585.00 2,823,405,750.00 3,024,431,772.00
            Short-Term Investments 0 8,940,590.00 6,712,608.00 2,341,183,504.00 4,131,541.00
      Net Receivables 37,021,000.00 224,796,396.00 310,544,820.00 1,423,733,127.00 197,523,139.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 814,268,000.00 748,331,643.00 698,038,625.00 646,547,368.00 586,362,179.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 88,503,682.00 77,789,752.00 69,228,950.00 66,983,000.00
      Long-Term Investments 3,395,697,000.00 3,095,767,619.00 3,084,123,853.00 2,617,082,171.00 2,758,289,931.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 19,183,879,000.00 16,329,351,272.00 13,471,171,603.00 12,104,066,606.00 10,162,136,171.00
      Payables and Expenses 25,242,000.00 456,544,917.00 392,304,729.00 324,209,368.00 234,516,417.00
            Account Payables 0 190,993.00 174,220.00 170,833.00 10,748.00
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 0 2,396,990.00 1,891,148.00 1,126,839.00 1,026,019.00
      Other Current Liabilities 0 0 0 0 0
      Long-Term Debt 407,588,000.00 834,551,187.00 571,526,749.00 347,868,171.00 251,092,598.00
      Other Non-Current Liabilities 0 0 0 0 0
Equity 2,982,674,000.00 2,935,102,269.00 2,817,284,129.00 2,615,827,237.00 2,390,395,265.00
   Shareholders Equity 2,920,298,000.00 2,879,056,118.00 2,768,435,480.00 2,573,759,465.00 2,353,991,890.00
      Capital Stock 613,000.00 612,710.00 612,710.00 612,710.00 612,710.00
      Share Premium 0 0 0 6,744,974.00 0
      Retained Earnings 181,856,000.00 138,503,778.00 461,943,795.00 -367,211,255.00 270,384,184.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 1,628,572,000.00 1,693,189,037.00 1,318,529,957.00 2,030,985,593.00 1,241,245,571.00
   Minority Interest 62,376,000.00 56,046,151.00 48,848,649.00 42,067,772.00 36,403,375.00
Debt 407,588,000.00 836,948,177.00 573,417,897.00 348,995,010.00 252,118,617.00
Common Shares Outstanding 612,710.08 612,710.08 612,710.08 612,710.08 612,710.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 844,912,000.00 794,408,629.00 692,650,137.00 731,146,232.00 771,555,000.00
Interest Income 1,315,859,000.00 1,057,561,877.00 930,862,392.00 1,161,258,816.00 1,004,134,000.00
Interest Expense 727,569,000.00 459,763,713.00 377,768,134.00 484,142,166.00 396,469,000.00
Non-Interest Expense 444,595,000.00 432,401,431.00 378,518,175.00 426,919,314.00 384,753,000.00
   Selling, General and Administrative Expenses 277,372,000.00 275,155,707.00 254,226,710.00 313,765,618.00 264,742,000.00
EBT 61,353,000.00 89,858,857.00 131,843,660.00 40,012,010.00 163,220,000.00
Income Tax 23,282,000.00 30,242,435.00 50,235,596.00 -53,604,923.00 32,501,000.00
Net Income Including Non-Controlling Interests 38,071,000.00 59,616,422.00 81,608,064.00 93,616,933.00 130,719,000.00
Net Income Non-Controlling Interests -2,985,000.00 -4,260,425.00 -3,176,041.00 -3,595,753.00 607,000.00
Net Income 35,086,000.00 55,355,997.00 78,432,023.00 90,021,180.00 131,326,000.00
Deprecation and Amortization 24,816,000.00 24,836,308.00 20,779,232.00 29,292,633.00 8,314,241.00
EPS 0.17 0.27 0.38 0.30 0.64
Diluted EPS 0.17 0.27 0.38 0.30 0.64
Average Shares Outstanding Basic 204,236.69 204,236.69 204,236.69 204,236.22 204,236.67
Average Shares Outstanding Diluted 204,236.69 204,236.69 204,236.69 204,236.22 204,236.67
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Operating Cash Flow 559,384,101.00 -521,255,644.00 67,650,916.00 1,258,736,390.00 602,976,819.00
   Operating Net Income 97,786,010.00 131,843,660.00 40,012,010.00 56,422,149.00 254,103,092.00
   Deprecation and Amortization 24,836,308.00 20,779,232.00 29,292,633.00 8,314,241.00 25,974,752.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital 268,039,065.00 -967,878,544.00 -425,639,460.00 1,263,847,498.00 -102,485,723.00
   Other Operating Activities 168,722,718.00 294,000,008.00 423,985,733.00 -69,847,498.00 425,384,698.00
Investing Cash Flow -33,720,963.00 -18,042,086.00 -131,223,108.00 28,992,285.00 -22,430,314.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -33,727,790.00 -18,155,629.00 -130,701,032.00 30,523,047.00 -26,612,902.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 6,827.00 113,543.00 -522,076.00 -1,530,762.00 4,182,588.00
Financing Cash Flow 214,994,925.00 195,146,924.00 74,751,757.00 141,270,829.00 -48,218,507.00
   Net Issuance/Repayment of Debt 202,192,991.00 195,126,847.00 80,797,337.00 129,084,144.00 6,312,693.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid 0 0 -6,733,408.00 -15,738,673.00 0
   Other Financing Activities 0 0 687,828.00 27,925,358.00 0
Net Change in Cash 740,658,063.00 -344,150,806.00 11,179,565.00 1,428,999,504.00 532,327,998.00
   Cash at Beginning of Period 2,450,905,585.00 3,065,862,292.00 3,024,431,772.00 2,022,505,686.00 1,984,893,768.00
   Cash at End of Period 3,314,123,976.00 2,450,905,585.00 2,823,405,750.00 3,024,431,772.00 2,022,505,686.00
Free Cash Flow 525,656,311.00 -539,411,273.00 -63,050,116.00 1,289,259,437.00 576,363,917.00