Valuation Ratios

Breakdown 2024-12-31 2023-12-31
Price to Earnings 75.18 12.22
Price to Sales 190.33 263.28
Book Value Per Common Share 47.59 57.73
Price to Book 0.35 0.30
Price to Operating Cash Flow 8.23 9.32
Price to Free Cash Flow
Enterprise Value to EBITDA 77657.80 46466.25
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 11.58 16.42 27.56 -27.91 48.11 55.22 11.87 16.73 31.41
Price to Sales 228.18 323.61 597.08 259.02 337.59 760.71 291.27 422.15 996.54
Book Value Per Common Share 17.41 16.87 16.40 47.59 15.50 42.16 42.41 57.73 15.21 14.96 14.64
Price to Book 0.96 0.93 0.87 0.35 0.95 0.32 0.35 0.30 0.92 0.92 0.99
Price to Operating Cash Flow 14.88 25.04 66.31 15.37 29.86 34.12 6.17 8.25 14.28
Price to Free Cash Flow
Enterprise Value to EBITDA 47691.79 67670.89 116815.65 183942.03 83230.30 149619.16 49886.41 75368.59 164371.67

Earnings Data

Breakdown 2024-12-31 2023-12-31
Earning YoY -84.51
Revenue YoY 75.21
EBITDA YoY 0.18
Net Profit YoY -79.03
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 50.00 84.62 3.70 43.90 78.26
Revenue YoY 50.38 103.35 113.78 104.42 48.07 127.10
EBITDA YoY 50.08 90.21 -13.92 62.58 54.38 107.36
Net Profit YoY 50.67 83.66 151.09 3.85 43.88 81.69

Financial Strength

Breakdown 2024-12-31 2023-12-31
Cash Per Common Share 34.78 10.61
Quick Ratio
Current Ratio
Debt to Equity 3.51 0.81
Long-Term Debt to Equity
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 35.72 28.06 29.18 26.14 45.45 12.12 10.29 10.54 11.43 12.51 12.44
Quick Ratio
Current Ratio
Debt to Equity 6.26 6.22 6.50 3.51 7.76 0.90 0.90 0.81 7.31 7.44 7.57
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31
ROA 0.12 0.56
ROE 0.53 1.01
Gross Margin
Operating Margin 3090.08 5546.42
EBITDA Margin 3262.73 5706.07
Net Profit Margin 257.98 2155.57
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 1.14 0.78 0.42 -0.26 0.12 0.12 0.93 0.65 0.36
ROE 8.26 5.65 3.17 -2.28 0.23 0.22 7.72 5.46 3.07
Gross Margin
Operating Margin 4600.89 4606.46 4928.74 1504.74 3938.78 4979.83 5668.10 5432.27 5938.17
EBITDA Margin 4780.66 4790.37 5121.26 1633.25 4056.08 5100.00 5836.10 5597.31 6130.15
Net Profit Margin 1965.28 1961.47 2171.78 -716.75 692.57 1363.26 2440.18 2511.26 3138.93

Dividends

Breakdown 2024-12-31 2023-12-31
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
Assets 4,614,825.00 4,656,313.00
   Deposits 5,614,593.00 4,880,427.00
      Cash and Short-Term Investments 843,322.00 193,572.00
            Cash and Cash Equivalents 843,322.00 193,572.00
            Short-Term Investments 0 0
      Net Receivables 34,380.00 7,349.00
      Inventory 0 0
      Other Current Assets 0 0
      Property, Plant, Equipment Net 27,945.00 22,561.00
      Goodwill 111,787.00 37,803.00
      Intangible Assets 22,271.00 1,195.00
      Long-Term Investments 0 0
      Non-Current Deferred Assets 43,127.00 11,137.00
      Other Non-Current Assets 0 0
Liabilities 3,591,153.00 2,090,009.00
      Payables and Expenses 0 0
            Account Payables 0 0
            Current Accrued Liabilities 0 0
      Short-Term Debt 0 0
      Other Current Liabilities 0 0
      Long-Term Debt 0 0
      Other Non-Current Liabilities 0 0
Equity 1,023,672.00 2,566,304.00
   Shareholders Equity 1,535,508.00 1,060,456.00
      Capital Stock 442,469.00 222,036.00
      Share Premium 0 0
      Retained Earnings 76,008.00 70,575.00
      Treasury Shares 0 0
      Accumulated Other Comprehensive Income -6,641.00 -4,459.00
   Minority Interest 0 0
Investments 98,324.00 106,334.00
Debt 157,760.00 132,847.00
Common Shares Outstanding 32,265.94 18,369.12
Breakdown 2024-12-31 2023-12-31
Revenues 2,106.00 1,202.00
Interest Income 181,575.00 126,584.00
Interest Expense 56,814.00 29,384.00
Net Interest 122,984.00 94,138.00
Non-Interest Income 4,760.00 3,379.00
Non-Interest Expense 97,791.00 59,746.00
   Selling, General and Administrative Expenses 15,633.00 13,976.00
EBT 8,263.00 37,284.00
Income Tax 1,759.00 10,445.00
Net Income 5,433.00 25,910.00
EBIT 65,077.00 66,668.00
Deprecation and Amortization 3,636.00 1,919.00
EBITDA 68,713.00 68,587.00
EPS 0.00 0.00
Diluted EPS 0.00 0.00
Average Shares Outstanding Basic 24,247.06 18,246.16
Average Shares Outstanding Diluted 24,623.40 18,656.74
Breakdown 2024-12-31 2023-12-31
Operating Cash Flow 48,738.00 33,979.00
   Operating Net Income 16,299.00 77,730.00
   Deprecation and Amortization 3,636.00 1,919.00
   Deferred Income Tax -426.00 418.00
   Share Based Compensation 6,244.00 4,518.00
   Change in Working Capital -21,919.00 991.00
   Other Operating Activities 44,904.00 -51,597.00
Investing Cash Flow 525,771.00 -79,522.00
   Capital Expenditure 0.00 0.00
   Net Purchase/Sale of PPE 552.00 302.00
   Net Purchase/Sale of Investments Net 47,993.00 116,039.00
   Net Purchase/Sale of Business -335,010.00 0
   Other Investing Activities 812,236.00 -195,863.00
Financing Cash Flow -272,628.00 45,985.00
   Net Issuance/Repayment of Debt 85,000.00 149,000.00
   Net Issuance/Repurchase of Equity 3,866.00 1,143.00
   Dividends Paid 0 0
   Other Financing Activities -361,494.00 -104,158.00
Net Change in Cash 301,881.00 442.00
   Cash at Beginning of Period 86,281.00 86,351.00
   Cash at End of Period 388,162.00 86,793.00
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 2023-03-31
Assets 4,101,209.00 3,953,717.00 3,983,090.00 4,614,825.00 4,362,767.00 4,213,693.00 4,209,715.00 4,656,313.00 2,313,649.00 2,309,183.00 2,292,053.00
   Deposits 5,693,462.00 5,478,008.00 5,492,046.00 5,614,593.00 6,332,562.00 4,850,916.00 4,839,253.00 4,880,427.00 3,267,772.00 3,301,162.00 3,294,076.00
      Cash and Short-Term Investments 1,159,032.00 909,774.00 943,182.00 843,322.00 1,259,246.00 224,766.00 189,584.00 193,572.00 209,242.00 228,854.00 224,578.00
            Cash and Cash Equivalents 1,159,032.00 909,774.00 943,182.00 843,322.00 1,259,246.00 224,766.00 189,584.00 193,572.00 209,242.00 228,854.00 224,578.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 6,685.00 6,088.00 4,625.00 34,380.00 67,404.00 6,982.00 2,803.00 7,349.00 4,813.00 1,062.00 577.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 27,665.00 25,823.00 26,538.00 27,945.00 29,306.00 21,039.00 21,701.00 22,561.00 23,572.00 21,772.00 22,489.00
      Goodwill 184,065.00 184,065.00 111,780.00 111,787.00 112,515.00 37,803.00 37,803.00 37,803.00 37,803.00 37,803.00 37,803.00
      Intangible Assets 19,427.00 20,375.00 21,323.00 22,271.00 23,031.00 1,065.00 1,130.00 1,195.00 1,275.00 1,403.00 1,493.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 31,929.00 33,454.00 36,473.00 43,127.00 45,644.00 11,080.00 10,204.00 11,137.00 12,542.00 11,666.00 10,492.00
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Liabilities 3,536,485.00 3,406,124.00 3,451,706.00 3,591,153.00 3,864,703.00 2,000,474.00 1,997,216.00 2,090,009.00 2,035,099.00 2,035,434.00 2,024,514.00
      Payables and Expenses 0 0 0 0 0 0 0 0 0 0 0
            Account Payables 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Equity 564,724.00 547,593.00 531,384.00 1,023,672.00 498,064.00 2,213,219.00 2,212,499.00 2,566,304.00 278,550.00 273,749.00 267,539.00
   Shareholders Equity 564,724.00 547,593.00 531,384.00 1,535,508.00 498,064.00 781,938.00 785,698.00 1,060,456.00 278,550.00 273,749.00 267,539.00
      Capital Stock 444,132.00 444,365.00 442,934.00 442,469.00 441,684.00 224,006.00 223,128.00 222,036.00 221,632.00 220,702.00 219,659.00
      Share Premium 0 0 0 0 0 0 0 0 0 0 0
      Retained Earnings 122,644.00 106,960.00 92,861.00 76,008.00 59,236.00 75,700.00 75,510.00 70,575.00 66,163.00 59,607.00 52,889.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -2,052.00 -3,732.00 -4,411.00 -6,641.00 -2,856.00 -6,487.00 -6,139.00 -4,459.00 -9,245.00 -6,560.00 -5,009.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Investments 184,488.00 161,356.00 98,457.00 98,324.00 105,716.00 98,049.00 101,759.00 106,334.00 73,932.00 80,730.00 80,799.00
Debt 52,597.00 69,598.00 87,450.00 157,760.00 88,353.00 53,844.00 56,329.00 132,847.00 38,499.00 43,212.00 28,719.00
Common Shares Outstanding 32,443.06 32,463.31 32,402.14 32,265.94 32,142.43 18,547.35 18,527.18 18,369.12 18,309.28 18,296.37 18,271.19
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 2,373.00 1,578.00 776.00 -578.00 1,582.00 740.00 362.00 -536.00 881.00 595.00 262.00
Interest Income 171,564.00 113,769.00 57,332.00 -32,196.00 118,414.00 63,782.00 31,575.00 -54,411.00 91,642.00 59,916.00 29,437.00
Interest Expense 43,612.00 28,939.00 14,570.00 -14,365.00 38,797.00 21,612.00 10,770.00 -5,458.00 19,374.00 11,151.00 4,317.00
Net Interest 126,187.00 83,672.00 42,255.00 -17,454.00 78,443.00 41,501.00 20,494.00 -50,651.00 71,579.00 48,318.00 24,892.00
Non-Interest Income 8,090.00 5,422.00 2,566.00 -2,991.00 3,756.00 2,582.00 1,413.00 -4,338.00 3,481.00 2,666.00 1,570.00
Non-Interest Expense 73,135.00 49,753.00 24,920.00 -22,842.00 71,666.00 33,986.00 14,981.00 -29,306.00 44,407.00 29,626.00 15,019.00
   Selling, General and Administrative Expenses 14,659.00 9,843.00 4,946.00 -4,333.00 10,542.00 6,306.00 3,118.00 -5,949.00 9,979.00 6,658.00 3,288.00
EBT 65,567.00 43,751.00 23,677.00 8,463.00 -14,992.00 7,535.00 7,257.00 -25,690.00 30,562.00 21,171.00 11,241.00
Income Tax 18,931.00 12,799.00 6,824.00 -6,626.00 3,653.00 2,410.00 2,322.00 -7,865.00 9,064.00 6,229.00 3,017.00
Net Income 46,636.00 30,952.00 16,853.00 6,712.00 -11,339.00 5,125.00 4,935.00 -18,754.00 21,498.00 14,942.00 8,224.00
EBIT 109,179.00 72,690.00 38,247.00 -5,902.00 23,805.00 29,147.00 18,027.00 -31,148.00 49,936.00 32,322.00 15,558.00
Deprecation and Amortization 4,266.00 2,902.00 1,494.00 300.00 2,033.00 868.00 435.00 -1,046.00 1,480.00 982.00 503.00
EBITDA 113,445.00 75,592.00 39,741.00 -5,602.00 25,838.00 30,015.00 18,462.00 -32,194.00 51,416.00 33,304.00 16,061.00
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 32,451.58 32,423.94 32,318.81 32,318.06 27,705.84 18,537.51 18,426.85 18,337.75 18,304.02 18,287.60 18,055.29
Average Shares Outstanding Diluted 32,811.83 32,691.64 32,698.23 33,185.41 27,705.84 18,800.61 18,801.72 18,721.10 18,672.13 18,612.94 18,620.79
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 36,382.00 20,405.00 6,983.00 5,661.00 26,662.00 8,362.00 8,053.00 -56,254.00 41,538.00 30,423.00 18,272.00
   Operating Net Income 46,636.00 30,952.00 16,853.00 17,578.00 -11,339.00 5,125.00 4,935.00 33,066.00 21,498.00 14,942.00 8,224.00
   Deprecation and Amortization 4,266.00 2,902.00 1,494.00 300.00 2,033.00 868.00 435.00 -1,046.00 1,480.00 982.00 503.00
   Deferred Income Tax 8,771.00 7,952.00 5,566.00 1,989.00 -4,960.00 907.00 1,638.00 -2,667.00 1,021.00 770.00 1,294.00
   Share Based Compensation 4,466.00 3,005.00 1,480.00 -1,237.00 4,695.00 1,891.00 895.00 -3,702.00 3,763.00 2,771.00 1,686.00
   Change in Working Capital 4,548.00 7,704.00 8,103.00 -19,380.00 -12,062.00 6,409.00 3,114.00 10,861.00 -7,523.00 -3,899.00 1,552.00
   Other Operating Activities -32,305.00 -32,110.00 -26,513.00 6,411.00 48,295.00 -6,838.00 -2,964.00 -92,766.00 21,299.00 14,857.00 5,013.00
Investing Cash Flow 114,536.00 127,123.00 101,335.00 -45,664.00 431,717.00 77,202.00 62,516.00 -4,111.00 -42,693.00 -26,191.00 -6,527.00
   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 247.00 139.00 105.00 -174.00 410.00 227.00 89.00 -299.00 239.00 283.00 79.00
   Net Purchase/Sale of Investments Net 124,385.00 91,535.00 13,878.00 -2,205.00 28,865.00 16,351.00 4,982.00 -9,839.00 58,369.00 53,602.00 13,907.00
   Net Purchase/Sale of Business 0 0 0 -674,041.00 339,031.00 0 0 0 0 0 0
   Other Investing Activities -10,096.00 35,449.00 87,352.00 630,756.00 63,411.00 60,624.00 57,445.00 6,027.00 -101,301.00 -80,076.00 -20,513.00
Financing Cash Flow 20,136.00 -105,553.00 -57,239.00 -203,435.00 69,251.00 -67,624.00 -70,820.00 19,200.00 9,516.00 13,635.00 3,634.00
   Net Issuance/Repayment of Debt 38,000.00 18,000.00 0 -118,000.00 85,000.00 60,000.00 58,000.00 -38,000.00 72,000.00 65,000.00 50,000.00
   Net Issuance/Repurchase of Equity 3,067.00 1,311.00 1,095.00 -366.00 1,684.00 1,333.00 1,215.00 -430.00 597.00 535.00 441.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -20,931.00 -124,864.00 -58,334.00 -85,069.00 -17,433.00 -128,957.00 -130,035.00 57,630.00 -63,081.00 -51,900.00 -46,807.00
Net Change in Cash 171,054.00 41,975.00 51,079.00 -243,438.00 527,630.00 17,940.00 -251.00 -41,165.00 8,361.00 17,867.00 15,379.00
   Cash at Beginning of Period 388,162.00 388,162.00 388,162.00 631,600.00 86,793.00 86,793.00 86,793.00 127,958.00 86,760.00 86,760.00 86,760.00
   Cash at End of Period 559,216.00 430,137.00 439,241.00 388,162.00 614,423.00 104,733.00 86,542.00 86,793.00 95,121.00 104,627.00 102,139.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0