Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 13.16 12.98 15.64 13.93
Price to Sales 3.12 2.33 2.28 3.16
Book Value Per Common Share 57.57 53.69 50.39 53.52
Price to Book 1.33 0.97 0.90 1.09
Price to Operating Cash Flow 83.05 6.90 2.45 17.43
Price to Free Cash Flow -72.96 8.70 2.69 30.48
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-09-30 2021-09-30
Price to Earnings 57.35 46.72 52.75 49.25 47.59 45.73 40.21 98.77 49.85
Price to Sales 15.38 13.12 12.90 11.73 11.61 9.63 8.37 7.30 10.84
Book Value Per Common Share 62.92 62.32 60.27 57.57 57.75 54.25 51.49 49.16 52.80
Price to Book 1.73 1.46 1.39 1.33 1.24 1.06 0.88 0.78 0.98
Price to Operating Cash Flow -72.28 29.64 146.75 36.01 -169.64 -16.27 20.37
Price to Free Cash Flow -51.21 35.43 657.29 49.10 -77.05 -14.64 23.84
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 45.64 37.80 -30.22
Revenue YoY 4.40 8.04 3.54
EBITDA YoY
Net Profit YoY 41.38 30.79 -33.94
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-09-30 2021-09-30
Earning YoY -2.56 22.64 1.92 3.31 19.84 11.50 189.74 -62.50
Revenue YoY 0.73 5.93 -1.53 4.43 0.68 3.76 1.96 6.05
EBITDA YoY
Net Profit YoY -3.74 21.06 1.68 1.80 8.29 5.02 151.55 -59.03

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 8.96 9.02 8.93 9.24
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-09-30 2021-09-30
Cash Per Common Share 60.25 59.22 51.87 65.52
Quick Ratio
Current Ratio
Debt to Equity 9.26 9.91 9.10 8.96 9.08 9.67 9.42 9.73 9.68
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 1.04 0.75 0.58 0.80
ROE 10.38 7.50 5.74 8.18
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 23.75 17.54 14.49 22.71
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-09-30 2021-09-30
ROA 0.29 0.29 0.26 0.27 0.26 0.24 0.23 0.09 0.20
ROE 3.02 3.12 2.63 2.71 2.62 2.51 2.39 0.97 2.15
Gross Margin 98.21 98.14 97.90 96.65
Operating Margin
EBITDA Margin
Net Profit Margin 26.77 28.02 24.51 23.74 24.35 22.64 22.37 9.07 23.47

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00 0.00 0.00
Dividend Payout Ratio 35.56 48.48 58.68 37.27
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-09-30 2021-09-30
Dividend Yield 0.00 0.00 0.00 0.00 0.00
Dividend Payout Ratio 35.62 27.17 36.03 33.10 38.29

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 416,064,000.00 409,877,000.00 405,783,000.00 444,438,000.00
      Cash and Short-Term Investments 0 0 0 0
            Cash and Cash Equivalents 101,937,000.00 125,191,000.00 107,355,000.00 121,336,000.00
            Short-Term Investments 46,471,000.00 76,817,000.00 86,622,000.00 101,839,000.00
      Net Receivables 7,082,000.00 8,585,000.00 6,919,000.00 5,903,000.00
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 3,266,000.00 3,163,000.00 3,256,000.00 3,431,000.00
      Goodwill 16,598,000.00 16,261,000.00 16,150,000.00 17,512,000.00
      Intangible Assets 5,527,000.00 5,284,000.00 5,161,000.00 5,087,000.00
      Long-Term Investments 153,122,000.00 138,972,000.00 154,192,000.00 177,055,000.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 374,300,000.00 368,972,000.00 364,933,000.00 401,047,000.00
      Payables and Expenses 25,343,000.00 23,806,000.00 28,845,000.00 30,917,000.00
            Account Payables 20,073,000.00 18,395,000.00 23,435,000.00 25,150,000.00
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 301,000.00 0 0 0
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 31,079,000.00 31,736,000.00 30,855,000.00 26,680,000.00
      Other Non-Current Liabilities 0 0 0 0
Equity 41,764,000.00 40,905,000.00 40,850,000.00 43,391,000.00
   Shareholders Equity 41,318,000.00 40,770,000.00 40,734,000.00 43,034,000.00
      Capital Stock 4,357,000.00 4,357,000.00 4,852,000.00 4,852,000.00
      Share Premium 29,321,000.00 28,908,000.00 28,508,000.00 28,128,000.00
      Retained Earnings 42,537,000.00 39,549,000.00 37,864,000.00 36,667,000.00
      Treasury Shares 30,241,000.00 27,151,000.00 24,524,000.00 24,400,000.00
      Accumulated Other Comprehensive Income -4,656,000.00 -4,893,000.00 -5,966,000.00 -2,213,000.00
   Minority Interest 446,000.00 135,000.00 116,000.00 357,000.00
Debt 31,380,000.00 31,736,000.00 30,855,000.00 26,680,000.00
Common Shares Outstanding 717,680.27 759,344.09 808,444.60 804,145.37
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 18,258,000.00 17,488,000.00 16,186,000.00 15,633,000.00
Interest Income 25,607,000.00 20,648,000.00 7,118,000.00 2,845,000.00
Interest Expense 21,295,000.00 16,303,000.00 3,614,000.00 227,000.00
Non-Interest Expense 12,069,000.00 11,892,000.00 11,920,000.00 11,134,000.00
   Selling, General and Administrative Expenses 6,890,000.00 6,828,000.00 6,800,000.00 6,337,000.00
EBT 5,848,000.00 4,283,000.00 3,480,000.00 4,648,000.00
Income Tax 1,305,000.00 979,000.00 937,000.00 877,000.00
Net Income Including Non-Controlling Interests 4,543,000.00 3,304,000.00 2,543,000.00 3,771,000.00
Net Income Non-Controlling Interests -13,000.00 -2,000.00 13,000.00 -12,000.00
Net Income 4,336,000.00 3,067,000.00 2,345,000.00 3,550,000.00
Deprecation and Amortization 1,803,000.00 1,887,000.00 1,778,000.00 1,867,000.00
EPS 0.01 0.00 0.00 0.00
Diluted EPS 0.01 0.00 0.00 0.00
Average Shares Outstanding Basic 742,588.00 784,069.00 811,047.00 851,798.56
Average Shares Outstanding Diluted 748,101.00 787,798.00 814,795.00 856,359.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 687,000.00 5,912,000.00 15,068,000.00 2,838,000.00
   Operating Net Income 4,530,000.00 3,302,000.00 2,556,000.00 3,759,000.00
   Deprecation and Amortization 1,803,000.00 1,887,000.00 1,778,000.00 1,867,000.00
   Deferred Income Tax -345,000.00 -383,000.00 183,000.00 257,000.00
   Share Based Compensation 0 0 0 0
   Change in Working Capital -5,451,000.00 925,000.00 9,396,000.00 -2,803,000.00
   Other Operating Activities 150,000.00 181,000.00 1,155,000.00 -242,000.00
Investing Cash Flow -9,479,000.00 -5,810,000.00 19,874,000.00 19,672,000.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -1,469,000.00 -1,220,000.00 -1,346,000.00 -1,181,000.00
   Net Purchase/Sale of Investments Net -9,347,000.00 17,553,000.00 5,723,000.00 -6,237,000.00
   Net Purchase/Sale of Business 0 0 446,000.00 -162,000.00
   Other Investing Activities 0 0 0 0
Financing Cash Flow 6,338,000.00 -3,519,000.00 -33,654,000.00 -21,962,000.00
   Net Issuance/Repayment of Debt -167,000.00 501,000.00 5,585,000.00 933,000.00
   Net Issuance/Repurchase of Equity -3,047,000.00 -3,088,000.00 -110,000.00 -4,267,000.00
   Dividends Paid -1,542,000.00 -1,487,000.00 -1,376,000.00 -1,323,000.00
   Other Financing Activities 11,094,000.00 555,000.00 -37,753,000.00 -17,305,000.00
Net Change in Cash -2,454,000.00 -3,417,000.00 1,288,000.00 548,000.00
   Cash at Beginning of Period 8,342,000.00 11,529,000.00 9,883,000.00 9,419,000.00
   Cash at End of Period 5,577,000.00 8,342,000.00 11,529,000.00 9,883,000.00
Free Cash Flow -782,000.00 4,692,000.00 13,722,000.00 1,623,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-09-30 2021-09-30
Assets 455,312,000.00 485,781,000.00 440,691,000.00 416,064,000.00 427,461,000.00 434,728,000.00 425,112,000.00 427,953,000.00 470,533,000.00
   Deposits 0 0 0 0 0 554,635,000.00 492,342,000.00 515,703,000.00 585,780,000.00
      Cash and Short-Term Investments 0 0 0 0 0 45,602,000.00 47,572,000.00 42,080,000.00 55,306,000.00
            Cash and Cash Equivalents 119,861,000.00 150,755,000.00 116,545,000.00 101,937,000.00 116,210,000.00 45,602,000.00 47,572,000.00 42,080,000.00 55,306,000.00
            Short-Term Investments 48,546,000.00 50,853,000.00 51,389,000.00 46,471,000.00 49,715,000.00 0 0 0 0
      Net Receivables 7,146,000.00 7,966,000.00 7,271,000.00 7,082,000.00 7,420,000.00 148,573,000.00 125,624,000.00 140,381,000.00 129,120,000.00
      Inventory 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 3,549,000.00 3,289,000.00 3,257,000.00 3,266,000.00 3,380,000.00 3,136,000.00 3,248,000.00 3,311,000.00 3,422,000.00
      Goodwill 16,773,000.00 16,823,000.00 16,661,000.00 16,598,000.00 16,338,000.00 16,228,000.00 16,192,000.00 16,412,000.00 17,420,000.00
      Intangible Assets 5,534,000.00 5,531,000.00 5,512,000.00 5,527,000.00 5,336,000.00 2,839,000.00 2,890,000.00 2,902,000.00 2,941,000.00
      Long-Term Investments 167,318,000.00 163,191,000.00 160,845,000.00 153,122,000.00 157,797,000.00 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0
Liabilities 410,951,000.00 441,242,000.00 397,068,000.00 374,300,000.00 385,071,000.00 393,966,000.00 384,310,000.00 388,057,000.00 426,481,000.00
      Payables and Expenses 28,558,000.00 25,907,000.00 26,682,000.00 25,343,000.00 24,879,000.00 0 0 0 0
            Account Payables 23,638,000.00 21,273,000.00 22,244,000.00 20,073,000.00 19,741,000.00 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0
      Short-Term Debt 2,364,000.00 2,361,000.00 1,662,000.00 301,000.00 301,000.00 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0
      Long-Term Debt 32,570,000.00 33,722,000.00 31,081,000.00 31,079,000.00 33,600,000.00 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0
Equity 44,361,000.00 44,539,000.00 43,623,000.00 41,764,000.00 42,390,000.00 40,762,000.00 40,802,000.00 39,896,000.00 44,052,000.00
   Shareholders Equity 43,879,000.00 43,950,000.00 43,119,000.00 41,318,000.00 41,992,000.00 40,569,000.00 40,634,000.00 39,737,000.00 43,601,000.00
      Capital Stock 4,850,000.00 5,345,000.00 5,345,000.00 4,357,000.00 4,357,000.00 4,357,000.00 4,852,000.00 4,852,000.00 4,555,000.00
      Share Premium 29,795,000.00 29,659,000.00 29,535,000.00 29,321,000.00 29,230,000.00 29,055,000.00 28,650,000.00 28,374,000.00 28,075,000.00
      Retained Earnings 45,346,000.00 44,388,000.00 43,343,000.00 42,537,000.00 41,756,000.00 40,178,000.00 38,465,000.00 37,660,000.00 36,125,000.00
      Treasury Shares 32,750,000.00 31,893,000.00 30,989,000.00 30,241,000.00 29,484,000.00 -28,145,000.00 -25,790,000.00 -24,522,000.00 -23,151,000.00
      Accumulated Other Comprehensive Income -3,362,000.00 -3,549,000.00 -4,115,000.00 -4,656,000.00 -3,867,000.00 -4,876,000.00 -5,543,000.00 -6,627,000.00 -2,003,000.00
   Minority Interest 482,000.00 589,000.00 504,000.00 446,000.00 398,000.00 111,000.00 72,000.00 7,000.00 273,000.00
Investments 0 0 0 0 0 222,602,000.00 210,025,000.00 226,660,000.00 239,456,000.00
Debt 34,934,000.00 36,083,000.00 32,743,000.00 31,380,000.00 33,901,000.00 32,396,000.00 30,489,000.00 27,820,000.00 25,043,000.00
Common Shares Outstanding 697,349.12 705,240.82 715,434.29 717,680.27 727,078.32 747,815.83 789,133.81 808,279.95 825,821.06
Preferred Shares Outstanding 0 0 0 0 0 43.83 48.83 48.83 45.83
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-09-30 2021-09-30
Revenues 5,001,000.00 4,965,000.00 4,687,000.00 4,760,000.00 4,558,000.00 4,527,000.00 4,363,000.00 4,279,000.00 4,035,000.00
Cost Of Revenue 0 0 0 0 0 81,000.00 81,000.00 90,000.00 135,000.00
Interest Income 6,594,000.00 6,602,000.00 6,123,000.00 6,467,000.00 6,652,000.00 6,096,000.00 3,942,000.00 1,984,000.00 693,000.00
Interest Expense 5,358,000.00 5,399,000.00 4,964,000.00 5,273,000.00 5,604,000.00 5,056,000.00 2,814,000.00 1,058,000.00 52,000.00
Net Interest 0 0 0 0 0 3,120,000.00 3,384,000.00 2,778,000.00 1,923,000.00
Non-Interest Income 0 0 0 0 0 13,942,000.00 9,705,000.00 10,059,000.00 10,190,000.00
Non-Interest Expense 3,117,000.00 3,120,000.00 3,136,000.00 3,090,000.00 2,973,000.00 -9,528,000.00 -9,300,000.00 -11,037,000.00 -8,754,000.00
Provisions for Credit Losses 0 0 0 0 0 -81,000.00 -81,000.00 90,000.00 135,000.00
Gross Profit 0 0 0 0 0 4,446,000.00 4,282,000.00 4,189,000.00 3,900,000.00
   Selling, General and Administrative Expenses 1,695,000.00 1,734,000.00 1,802,000.00 1,682,000.00 1,696,000.00 984,000.00 962,000.00 942,000.00 877,000.00
EBT 1,852,000.00 1,839,000.00 1,522,000.00 1,472,000.00 1,525,000.00 0 0 0 0
Income Tax 395,000.00 404,000.00 300,000.00 315,000.00 336,000.00 297,000.00 260,000.00 242,000.00 219,000.00
Net Income Including Non-Controlling Interests 1,457,000.00 1,435,000.00 1,222,000.00 1,157,000.00 1,189,000.00 1,027,000.00 976,000.00 388,000.00 943,000.00
Net Income Non-Controlling Interests -12,000.00 -12,000.00 -2,000.00 -2,000.00 -7,000.00 -2,000.00 0.00 0.00 4,000.00
Net Income 1,339,000.00 1,391,000.00 1,149,000.00 1,130,000.00 1,110,000.00 1,025,000.00 976,000.00 388,000.00 947,000.00
Deprecation and Amortization 428,000.00 426,000.00 446,000.00 428,000.00 451,000.00 468,000.00 351,000.00 0 0
EPS 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
Average Shares Outstanding Basic 705,873.00 714,799.00 720,951.00 726,568.00 736,547.00 756,937.00 803,340.00 811,304.00 844,088.00
Average Shares Outstanding Diluted 712,854.00 720,007.00 727,398.00 733,720.00 742,080.00 762,268.00 807,718.00 814,516.00 849,028.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31
Operating Cash Flow -1,064,000.00 2,197,000.00 412,000.00 1,550,000.00 -312,000.00 -2,680,000.00 1,792,000.00
   Operating Net Income 1,445,000.00 1,423,000.00 1,220,000.00 1,155,000.00 1,182,000.00 2,052,000.00 976,000.00
   Deprecation and Amortization 428,000.00 426,000.00 446,000.00 428,000.00 451,000.00 468,000.00 351,000.00
   Deferred Income Tax -108,000.00 120,000.00 83,000.00 -212,000.00 -101,000.00 13,000.00 2,000.00
   Share Based Compensation 0 0 0 0 0 0 0
   Change in Working Capital -2,850,000.00 210,000.00 -1,354,000.00 110,000.00 -1,883,000.00 -4,212,000.00 436,000.00
   Other Operating Activities 21,000.00 18,000.00 17,000.00 69,000.00 39,000.00 -1,001,000.00 27,000.00
Investing Cash Flow 31,030,000.00 -35,746,000.00 -18,804,000.00 1,631,000.00 10,204,000.00 -26,741,000.00 -17,752,000.00
   Capital Expenditure 0 0 0 0 0 -299,000.00 -261,000.00
   Net Purchase/Sale of PPE -438,000.00 -359,000.00 -320,000.00 -413,000.00 -375,000.00 -299,000.00 -261,000.00
   Net Purchase/Sale of Investments Net -228,000.00 1,610,000.00 -6,715,000.00 1,774,000.00 -1,946,000.00 -17,328,000.00 -623,000.00
   Net Purchase/Sale of Business 0 0 0 0 0 5,000.00 5,000.00
   Net Loan & Lease Activity 0 0 0 0
   Other Investing Activities 31,696,000.00 -36,997,000.00 -11,769,000.00 270,000.00 12,525,000.00 -2,043,000.00 -20,326,000.00
Financing Cash Flow -30,564,000.00 33,305,000.00 21,100,000.00 -5,258,000.00 -9,424,000.00 28,433,000.00 14,413,000.00
   Net Issuance/Repayment of Debt -1,256,000.00 3,048,000.00 936,000.00 -1,869,000.00 1,700,000.00 1,789,000.00 16,120,000.00
   Net Issuance/Repurchase of Equity -1,349,000.00 -890,000.00 246,000.00 0 0 992,000.00 1,259,000.00
   Dividends Paid -477,000.00 -378,000.00 -414,000.00 -374,000.00 -425,000.00 396,000.00 375,000.00
   Other Financing Activities -27,482,000.00 31,525,000.00 20,332,000.00 0 0 25,256,000.00 -3,341,000.00
Net Change in Cash -598,000.00 -244,000.00 2,708,000.00 -2,077,000.00 468,000.00 -1,130,000.00 -1,506,000.00
   Cash at Beginning of Period 8,314,000.00 8,411,000.00 5,577,000.00 6,234,000.00 7,337,000.00 8,342,000.00 11,529,000.00
   Cash at End of Period 7,644,000.00 8,314,000.00 8,411,000.00 5,577,000.00 6,234,000.00 7,212,000.00 10,023,000.00
Free Cash Flow -1,502,000.00 1,838,000.00 92,000.00 1,137,000.00 -687,000.00 -2,979,000.00 1,531,000.00