BBD
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 1.23 | 2.76 | 1.54 | 1.50 |
| Price to Sales | 0.19 | 0.38 | 0.28 | 0.32 |
| Book Value Per Common Share | 15.89 | 15.63 | 14.99 | 14.05 |
| Price to Book | 0.12 | 0.22 | 0.19 | 0.22 |
| Price to Operating Cash Flow | 0.40 | -209.58 | 0.62 | -0.33 |
| Price to Free Cash Flow | 0.48 | -4.00 | 0.76 | -0.31 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 6.90 | 5.62 | 4.46 | 6.05 | |
| Price to Sales | 1.36 | 1.12 | 0.78 | 0.68 | 1.18 |
| Book Value Per Common Share | 16.61 | 16.46 | 16.12 | 15.89 | 15.75 |
| Price to Book | 0.20 | 0.19 | 0.14 | 0.12 | 0.17 |
| Price to Operating Cash Flow | 46.49 | 0.86 | -0.28 | 1.97 | -4.69 |
| Price to Free Cash Flow | -31.33 | 0.92 | -0.28 | 2.47 | -3.65 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | 22.05 | -32.09 | -9.78 | |
| Revenue YoY | 7.11 | -9.66 | 6.27 | |
| EBITDA YoY | ||||
| Net Profit YoY | 21.06 | -32.85 | -56.39 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | -10.91 | 10.00 | 18.92 | ||
| Revenue YoY | -7.68 | 0.48 | 1.55 | 19.22 | |
| EBITDA YoY | |||||
| Net Profit YoY | -9.33 | 8.24 |
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 | 11.25 | 10.54 | 10.20 | 10.15 |
| 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 | 11.51 | 11.30 | 11.01 | 11.25 | 11.04 |
| Long-Term Debt to Equity |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 0.40 | 0.35 | 0.56 | 1.38 |
| ROE | 4.86 | 4.06 | 6.32 | 15.42 |
| Gross Margin | ||||
| Operating Margin | ||||
| EBITDA Margin | ||||
| Net Profit Margin | 7.80 | 6.90 | 9.28 | 22.62 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.25 | 0.28 | 0.27 | -0.24 | 0.24 |
| ROE | 3.12 | 3.48 | 3.28 | -2.90 | 2.90 |
| Gross Margin | |||||
| Operating Margin | |||||
| EBITDA Margin | |||||
| Net Profit Margin | 19.66 | 20.02 | 18.58 | -16.47 | 19.55 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 2,069,484,362.00 | 1,927,523,249.00 | 1,792,288,792.00 | 1,675,572,193.00 |
| Cash and Short-Term Investments | 0 | 0 | 0 | 0 |
| Cash and Cash Equivalents | 168,357,963.00 | 171,841,550.00 | 142,983,856.00 | 128,420,683.00 |
| Short-Term Investments | 124,412,341.00 | 160,823,097.00 | 111,279,856.00 | 193,516,537.00 |
| Net Receivables | 33,179,756.00 | 25,588,964.00 | 25,720,075.00 | 22,458,252.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 10,220,444.00 | 11,118,009.00 | 11,971,122.00 | 13,513,105.00 |
| Goodwill | 6,730,642.00 | 6,596,649.00 | 6,542,091.00 | 6,048,734.00 |
| Intangible Assets | 17,018,566.00 | 15,510,497.00 | 12,257,722.00 | 8,862,273.00 |
| Long-Term Investments | 713,539,575.00 | 690,546,389.00 | 613,637,921.00 | 758,349,633.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Liabilities | 1,900,541,870.00 | 1,760,509,125.00 | 1,632,277,955.00 | 1,525,343,486.00 |
| Payables and Expenses | 47,169,054.00 | 40,953,503.00 | 41,781,203.00 | 36,352,415.00 |
| Account Payables | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 |
| Long-Term Debt | 406,480,756.00 | 359,485,413.00 | 349,226,772.00 | 238,941,564.00 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Equity | 168,942,492.00 | 167,014,124.00 | 160,010,837.00 | 150,228,707.00 |
| Shareholders Equity | 168,409,653.00 | 166,330,965.00 | 159,534,931.00 | 149,776,837.00 |
| Capital Stock | 87,100,000.00 | 87,100,000.00 | 87,100,000.00 | 83,100,000.00 |
| Share Premium | 70,496.00 | 70,496.00 | 70,496.00 | 70,496.00 |
| Retained Earnings | -2,509,646.00 | -765,320.00 | 127,704.00 | 992,525.00 |
| Treasury Shares | 568,728.00 | 0 | 224,377.00 | 666,702.00 |
| Accumulated Other Comprehensive Income | 84,317,531.00 | 79,925,789.00 | 72,461,108.00 | 66,280,518.00 |
| Minority Interest | 532,839.00 | 683,159.00 | 475,906.00 | 451,870.00 |
| Debt | 406,480,756.00 | 359,485,413.00 | 349,226,772.00 | 238,941,564.00 |
| Net Debt | 234,973,022.00 | 184,024,470.00 | 201,646,504.00 | 105,859,395.00 |
| Common Shares Outstanding | 10,596,982.93 | 10,642,170.23 | 10,642,170.23 | 10,658,488.03 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 105,330,174.00 | 98,334,177.00 | 108,847,040.00 | 102,428,576.00 |
| Interest Income | 211,733,717.00 | 211,458,474.00 | 200,613,185.00 | 138,223,346.00 |
| Interest Expense | 144,279,153.00 | 156,376,055.00 | 130,801,913.00 | 55,121,323.00 |
| Non-Interest Expense | 55,929,709.00 | 54,340,670.00 | 50,468,822.00 | 50,058,375.00 |
| Selling, General and Administrative Expenses | 43,100,778.00 | 40,645,411.00 | 39,941,825.00 | 39,085,479.00 |
| Net Non-Operating Income | -1,215,611.00 | 121,428.00 | -4,122,991.00 | -4,834,098.00 |
| EBT | 16,900,514.00 | 10,208,351.00 | 24,621,610.00 | 32,852,367.00 |
| Income Tax | -641,639.00 | -4,294,414.00 | 3,164,840.00 | 9,471,563.00 |
| Net Income Including Non-Controlling Interests | 17,542,153.00 | 14,502,765.00 | 21,456,770.00 | 23,380,804.00 |
| Net Income Non-Controlling Interests | -289,253.00 | -251,436.00 | -233,506.00 | -208,482.00 |
| Net Income | 8,215,667.00 | 6,786,352.00 | 10,106,323.00 | 23,172,322.00 |
| Deprecation and Amortization | 6,734,480.00 | 6,520,116.00 | 5,663,220.00 | 5,772,900.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 10,614,140.00 | 10,642,171.00 | 10,676,156.23 | 10,677,193.64 |
| Average Shares Outstanding Diluted | 10,614,140.00 | 10,642,171.00 | 10,676,156.23 | 10,677,193.64 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 50,228,485.00 | -177,628.00 | 49,767,703.00 | -101,992,672.00 |
| Operating Net Income | 16,900,515.00 | 10,208,351.00 | 24,621,610.00 | 32,852,367.00 |
| Deprecation and Amortization | 6,734,480.00 | 6,520,116.00 | 5,663,220.00 | 5,772,900.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 |
| Change in Working Capital | -56,086,550.00 | -99,715,518.00 | -60,067,791.00 | -219,291,796.00 |
| Other Operating Activities | 82,680,040.00 | 82,809,423.00 | 79,550,664.00 | 78,673,857.00 |
| Investing Cash Flow | -5,013,549.00 | 83,606,232.00 | -17,778,682.00 | -19,308,676.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -1,705,505.00 | -603,003.00 | -1,844,225.00 | -628,265.00 |
| Net Purchase/Sale of Investments Net | -25,201,842.00 | 44,321,167.00 | -60,221,272.00 | -34,415,267.00 |
| Net Purchase/Sale of Business | -211,140.00 | -84,767.00 | -623,966.00 | -183,172.00 |
| Other Investing Activities | 22,104,938.00 | 39,972,835.00 | 44,910,781.00 | 15,918,028.00 |
| Financing Cash Flow | -23,676,490.00 | -23,062,770.00 | 21,917,788.00 | -1,608,760.00 |
| Net Issuance/Repayment of Debt | 290,494.00 | 14,128,492.00 | 40,552,930.00 | 18,328,731.00 |
| Net Issuance/Repurchase of Equity | -568,728.00 | 0 | -224,377.00 | -666,702.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -23,398,256.00 | -37,191,262.00 | -18,410,765.00 | -19,270,789.00 |
| Net Change in Cash | 21,538,446.00 | 60,365,834.00 | 53,906,809.00 | -122,910,108.00 |
| Cash at Beginning of Period | 186,790,580.00 | 126,185,421.00 | 71,386,319.00 | 190,820,989.00 |
| Cash at End of Period | 208,023,801.00 | 186,790,580.00 | 126,185,421.00 | 71,386,319.00 |
| Free Cash Flow | 42,180,027.00 | -9,318,258.00 | 40,355,463.00 | -106,402,787.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 2,202,774,724.00 | 2,147,570,089.00 | 2,054,649,704.00 | 2,069,484,362.00 | 2,017,703,133.00 |
| Cash and Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Cash and Cash Equivalents | 159,317,254.00 | 159,510,903.00 | 155,883,512.00 | 168,357,963.00 | 162,683,198.00 |
| Short-Term Investments | 106,123,155.00 | 104,362,033.00 | 127,037,673.00 | 124,412,341.00 | 137,692,127.00 |
| Net Receivables | 35,526,577.00 | 37,352,209.00 | 35,469,750.00 | 33,179,756.00 | 29,679,808.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 9,013,300.00 | 9,178,086.00 | 9,141,222.00 | 10,220,444.00 | 10,192,624.00 |
| Goodwill | 7,150,600.00 | 7,243,097.00 | 6,730,642.00 | 6,730,642.00 | 6,730,642.00 |
| Intangible Assets | 17,012,256.00 | 16,739,845.00 | 16,569,642.00 | 17,018,566.00 | 16,463,311.00 |
| Long-Term Investments | 784,990,766.00 | 777,498,029.00 | 737,138,861.00 | 713,539,575.00 | 679,587,796.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 2,026,630,297.00 | 1,973,027,900.00 | 1,883,598,877.00 | 1,900,541,870.00 | 1,850,049,575.00 |
| Payables and Expenses | 62,187,679.00 | 58,616,344.00 | 55,246,860.00 | 47,169,054.00 | 49,553,415.00 |
| Account Payables | 0 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 434,211,829.00 | 427,185,256.00 | 403,315,939.00 | 406,480,756.00 | 390,984,663.00 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Equity | 176,144,427.00 | 174,542,189.00 | 171,050,827.00 | 168,942,492.00 | 167,653,558.00 |
| Shareholders Equity | 175,635,225.00 | 174,053,985.00 | 170,501,799.00 | 168,409,653.00 | 167,127,865.00 |
| Capital Stock | 87,100,000.00 | 87,100,000.00 | 87,100,000.00 | 87,100,000.00 | 87,100,000.00 |
| Share Premium | 70,496.00 | 70,496.00 | 70,496.00 | 70,496.00 | 70,496.00 |
| Retained Earnings | -3,410,940.00 | -2,707,013.00 | -2,706,899.00 | -2,509,646.00 | -1,737,733.00 |
| Treasury Shares | 168,625.00 | 168,625.00 | 168,625.00 | 568,728.00 | 442,735.00 |
| Accumulated Other Comprehensive Income | 92,044,294.00 | 89,759,127.00 | 86,206,827.00 | 84,317,531.00 | 82,137,837.00 |
| Minority Interest | 509,202.00 | 488,204.00 | 549,028.00 | 532,839.00 | 525,693.00 |
| Debt | 434,211,829.00 | 427,185,256.00 | 403,315,939.00 | 406,480,756.00 | 390,984,663.00 |
| Net Debt | 271,442,258.00 | 264,104,198.00 | 243,713,745.00 | 234,973,022.00 | 224,881,160.00 |
| Common Shares Outstanding | 10,577,012.03 | 10,577,012.03 | 10,577,012.03 | 10,596,982.93 | 10,608,092.63 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 27,979,078.00 | 30,305,722.00 | 30,161,798.00 | 29,701,491.00 | 24,913,149.00 | 0 |
| Interest Income | 68,707,657.00 | 62,728,337.00 | 62,429,217.00 | 55,242,380.00 | 50,918,570.00 | 0 |
| Interest Expense | 52,694,311.00 | 46,219,670.00 | 40,083,757.00 | 36,550,307.00 | 37,292,629.00 | 0 |
| Non-Interest Expense | 0 | 0 | 0 | 14,292,136.00 | 15,256,582.00 | 0 |
| Selling, General and Administrative Expenses | 11,387,158.00 | 10,378,326.00 | 11,071,773.00 | 11,737,504.00 | 10,722,946.00 | 0 |
| Net Non-Operating Income | 515,439.00 | -43,539.00 | -912,561.00 | -1,805,395.00 | 154,443.00 | 0 |
| EBT | 4,880,344.00 | 4,329,404.00 | 6,062,918.00 | 3,295,145.00 | 5,576,095.00 | 0 |
| Income Tax | -687,672.00 | -1,809,861.00 | 387,256.00 | -913,750.00 | 631,012.00 | 0 |
| Net Income Including Non-Controlling Interests | 5,568,016.00 | 6,139,265.00 | 5,675,662.00 | 4,208,895.00 | 4,945,083.00 | 0 |
| Net Income Non-Controlling Interests | -67,351.00 | -72,544.00 | -70,833.00 | -62,707.00 | -75,467.00 | 0 |
| Net Income | 5,500,665.00 | 6,066,721.00 | 5,604,829.00 | -4,891,045.00 | 4,869,616.00 | 0 |
| Deprecation and Amortization | 1,755,648.00 | 1,827,158.00 | 1,670,985.00 | 1,756,363.00 | 1,689,927.00 | 0 |
| EPS | 0.00 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 11,225,846.94 | 11,030,401.82 | 10,584,506.00 | 0 | 11,067,309.09 | 11,124,737.84 |
| Average Shares Outstanding Diluted | 11,225,846.94 | 11,030,401.82 | 10,584,506.00 | 0 | 11,067,309.09 | 11,124,737.84 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 815,901.00 | 39,764,489.00 | -83,262,056.00 | 10,254,634.00 | -6,278,640.00 |
| Operating Net Income | 4,880,344.00 | 4,329,404.00 | 6,062,918.00 | 3,295,146.00 | 5,576,095.00 |
| Deprecation and Amortization | 1,755,648.00 | 1,827,158.00 | 1,670,985.00 | 1,756,363.00 | 1,689,927.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | -23,101,142.00 | 10,724,710.00 | -111,979,283.00 | -8,751,540.00 | -35,215,046.00 |
| Other Operating Activities | 17,281,051.00 | 22,883,217.00 | 20,983,324.00 | 13,954,665.00 | 21,670,384.00 |
| Investing Cash Flow | 10,931,551.00 | 5,964,954.00 | 51,989,192.00 | -9,711,060.00 | 8,499,226.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -485,890.00 | -739,109.00 | -1,624,260.00 | -300,417.00 | -10,254.00 |
| Net Purchase/Sale of Investments Net | -4,340,185.00 | -2,914,208.00 | 43,564,085.00 | -12,405,333.00 | 2,229,198.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 15,757,626.00 | 0 | 0 | 2,994,690.00 | 6,280,282.00 |
| Financing Cash Flow | -8,922,838.00 | 5,879,811.00 | -5,358,119.00 | -5,282,853.00 | -4,052,273.00 |
| Net Issuance/Repayment of Debt | 4,173,325.00 | 14,586,169.00 | 7,472,741.00 | 105,313.00 | -169,237.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | -222,621.00 | -125,993.00 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -13,096,163.00 | -8,706,358.00 | -12,608,239.00 | -5,262,173.00 | -3,883,036.00 |
| Net Change in Cash | 2,824,614.00 | 51,609,254.00 | -36,630,983.00 | -4,739,279.00 | -1,831,687.00 |
| Cash at Beginning of Period | 222,829,387.00 | 171,220,729.00 | 208,023,801.00 | 212,869,406.00 | 214,796,802.00 |
| Cash at End of Period | 225,625,971.00 | 222,829,387.00 | 171,220,729.00 | 208,023,801.00 | 212,869,406.00 |
| Free Cash Flow | -1,211,047.00 | 36,877,747.00 | -85,730,361.00 | 8,208,887.00 | -8,061,690.00 |