Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings
Price to Sales
Book Value Per Common Share 8.18 7.20 7.18 6.29
Price to Book
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 28.01
Price to Sales 5.21
Book Value Per Common Share 4.58 7.54 8.13 8.18 7.34
Price to Book 3.76
Price to Operating Cash Flow -7.35
Price to Free Cash Flow -6.41
Enterprise Value to EBITDA 117905.24

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 146.15 -43.48 -41.28
Revenue YoY -0.67 -2.62 -36.49
EBITDA YoY 1.52 -20.85 0.35
Net Profit YoY 123.08 -43.27 -42.95
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -87.96 2600.00
Revenue YoY -0.16 8.06 -10.58 11.26
EBITDA YoY 90.41 -29.47 -41.69 110.06
Net Profit YoY -87.61 3014.29

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 2.89 2.54 2.92 2.88
Quick Ratio 0.40 0.57 0.88 1.03
Current Ratio 2.29 1.26 1.15 1.30
Debt to Equity 3.99 4.36 4.27 4.74
Long-Term Debt to Equity 2.68 3.49 3.34 3.77
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 8.42 6.45 3.12 2.89 2.48
Quick Ratio 0.62 0.42 0.42 0.40 0.36
Current Ratio 0.74 1.71 2.48 2.29 2.36
Debt to Equity 5.86 4.59 4.18 3.99 4.41
Long-Term Debt to Equity 3.33 2.53 2.93 2.68 3.06

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 3.39 1.49 2.64 4.26
ROE 16.89 7.99 13.90 24.45
Gross Margin 46.50 47.85 46.09 47.88
Operating Margin 29.26 27.88 38.35 21.62
EBITDA Margin 45.26 44.29 54.49 34.48
Net Profit Margin 13.85 6.17 10.59 11.79
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 1.26 -0.52 0.26 2.12 0.07
ROE 8.64 -2.88 1.35 10.58 0.37
Gross Margin 51.19 43.49 43.91 43.87 51.71
Operating Margin 27.03 6.19 18.01 38.96 11.60
EBITDA Margin 44.20 23.17 35.51 54.45 28.84
Net Profit Margin 18.60 -9.21 4.63 33.44 1.19

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio 46.26 102.56 58.55 8.51
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield 0.00
Dividend Payout Ratio 552.99 -70.69 148.15 18.35 585.71

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 10,278,000.00 10,465,000.00 10,433,000.00 11,322,000.00
   Current Assets 6,165,000.00 2,125,000.00 2,129,000.00 2,487,000.00
      Cash and Short-Term Investments 584,000.00 508,000.00 590,000.00 591,000.00
            Cash and Cash Equivalents 584,000.00 508,000.00 590,000.00 591,000.00
            Short-Term Investments 0 0 0 0
      Net Receivables 489,000.00 458,000.00 1,031,000.00 1,388,000.00
      Inventory 113,000.00 110,000.00 254,000.00 183,000.00
      Other Current Assets 4,979,000.00 1,049,000.00 254,000.00 325,000.00
   Non-Current Assets 4,114,000.00 8,343,000.00 8,299,000.00 8,838,000.00
      Property, Plant, Equipment Net 767,000.00 799,000.00 1,269,000.00 1,369,000.00
      Goodwill 2,650,000.00 2,678,000.00 4,482,000.00 4,656,000.00
      Intangible Assets 567,000.00 795,000.00 2,278,000.00 2,547,000.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 37,000.00 37,000.00 38,000.00 39,000.00
      Other Non-Current Assets 93,000.00 4,034,000.00 232,000.00 227,000.00
Liabilities 8,217,000.00 8,512,000.00 8,454,000.00 9,351,000.00
   Current Liabilities 2,687,000.00 1,691,000.00 1,849,000.00 1,914,000.00
      Payables and Expenses 929,000.00 876,000.00 1,029,000.00 1,400,000.00
            Account Payables 718,000.00 643,000.00 731,000.00 1,035,000.00
            Current Accrued Liabilities 117,000.00 132,000.00 160,000.00 175,000.00
      Short-Term Debt 232,000.00 38,000.00 98,000.00 91,000.00
      Other Current Liabilities 1,526,000.00 777,000.00 722,000.00 423,000.00
   Non-Current Liabilities 5,530,000.00 6,821,000.00 6,605,000.00 7,437,000.00
      Long-Term Debt 5,237,000.00 5,742,000.00 5,930,000.00 6,774,000.00
      Other Non-Current Liabilities 293,000.00 1,079,000.00 675,000.00 663,000.00
Equity 2,061,000.00 1,953,000.00 1,979,000.00 1,971,000.00
   Shareholders Equity 1,652,000.00 1,443,000.00 1,429,000.00 1,282,000.00
      Capital Stock 21,000.00 21,000.00 21,000.00 21,000.00
      Share Premium 1,931,000.00 2,065,000.00 2,199,000.00 2,329,000.00
      Retained Earnings -660,000.00 -1,008,000.00 -1,164,000.00 -1,439,000.00
      Treasury Shares 156,000.00 156,000.00 156,000.00 41,000.00
      Accumulated Other Comprehensive Income 516,000.00 521,000.00 529,000.00 412,000.00
   Minority Interest 409,000.00 510,000.00 550,000.00 689,000.00
Debt 5,469,000.00 5,780,000.00 6,028,000.00 6,865,000.00
Net Debt 4,778,000.00 5,162,000.00 5,162,000.00 5,939,000.00
Common Shares Outstanding 202,031.64 200,482.25 199,078.91 203,688.12
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 2,512,000.00 2,529,000.00 2,597,000.00 4,089,000.00
Cost Of Revenue 1,344,000.00 1,319,000.00 1,400,000.00 2,131,000.00
Interest Income 9,000.00 10,000.00 8,000.00 13,000.00
Interest Expense 214,000.00 217,000.00 224,000.00 355,000.00
Non-Interest Expense 393,000.00 407,000.00 400,000.00 810,000.00
Gross Profit 1,168,000.00 1,210,000.00 1,197,000.00 1,958,000.00
Operating Expenses 443,000.00 444,000.00 448,000.00 1,049,000.00
   Selling, General and Administrative Expenses 393,000.00 407,000.00 400,000.00 810,000.00
   Research and Development Expenses 45,000.00 37,000.00 45,000.00 238,000.00
   Other Operating Expenses 5,000.00 0 3,000.00 1,000.00
Operating Income 725,000.00 766,000.00 749,000.00 909,000.00
Net Non-Operating Income -11,000.00 -13,000.00 -15,000.00 -6,000.00
EBT 521,000.00 488,000.00 772,000.00 529,000.00
Income Tax 250,000.00 223,000.00 212,000.00 274,000.00
Net Income Including Non-Controlling Interests 509,000.00 308,000.00 414,000.00 670,000.00
Net Income Non-Controlling Interests -160,000.00 -151,000.00 -139,000.00 -188,000.00
Net Income 348,000.00 156,000.00 275,000.00 482,000.00
EBIT 735,000.00 705,000.00 996,000.00 884,000.00
Deprecation and Amortization 402,000.00 415,000.00 419,000.00 526,000.00
EBITDA 1,137,000.00 1,120,000.00 1,415,000.00 1,410,000.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 202,000.00 200,000.00 201,825.00 204,954.00
Average Shares Outstanding Diluted 204,000.00 203,000.00 203,414.00 206,795.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 1,030,000.00 1,040,000.00 899,000.00 978,000.00
   Operating Net Income 270,000.00 264,000.00 560,000.00 1,085,000.00
   Deprecation and Amortization 402,000.00 415,000.00 419,000.00 526,000.00
   Deferred Income Tax -36,000.00 -36,000.00 -42,000.00 38,000.00
   Share Based Compensation 38,000.00 34,000.00 34,000.00 35,000.00
   Change in Working Capital 50,000.00 180,000.00 7,000.00 -103,000.00
   Other Operating Activities 306,000.00 183,000.00 -79,000.00 -603,000.00
Investing Cash Flow -357,000.00 -393,000.00 168,000.00 636,000.00
   Capital Expenditure -149,000.00 -147,000.00 -162,000.00 -238,000.00
   Net Purchase/Sale of PPE 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 476,000.00 0
   Other Investing Activities -208,000.00 -246,000.00 -146,000.00 874,000.00
Financing Cash Flow -586,000.00 -638,000.00 -1,065,000.00 -1,898,000.00
   Net Issuance/Repayment of Debt -135,000.00 -179,000.00 -576,000.00 -1,524,000.00
   Net Issuance/Repurchase of Equity 0 0 -115,000.00 -41,000.00
   Dividends Paid -161,000.00 -160,000.00 -161,000.00 -41,000.00
   Other Financing Activities -290,000.00 -299,000.00 -213,000.00 -292,000.00
Net Change in Cash 87,000.00 10,000.00 2,000.00 -284,000.00
   Cash at Beginning of Period 739,000.00 740,000.00 808,000.00 1,129,000.00
   Cash at End of Period 775,000.00 739,000.00 740,000.00 808,000.00
Free Cash Flow 881,000.00 893,000.00 737,000.00 740,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 9,288,000.00 11,238,000.00 10,340,000.00 10,278,000.00 10,252,000.00
   Current Assets 2,516,000.00 7,056,000.00 6,214,000.00 6,165,000.00 6,055,000.00
      Cash and Short-Term Investments 1,599,000.00 1,309,000.00 631,000.00 584,000.00 501,000.00
            Cash and Cash Equivalents 1,599,000.00 1,309,000.00 631,000.00 584,000.00 501,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 514,000.00 428,000.00 432,000.00 489,000.00 430,000.00
      Inventory 115,000.00 117,000.00 113,000.00 113,000.00 123,000.00
      Other Current Assets 288,000.00 5,202,000.00 5,038,000.00 4,979,000.00 5,001,000.00
   Non-Current Assets 6,772,000.00 4,181,000.00 4,126,000.00 4,114,000.00 4,196,000.00
      Property, Plant, Equipment Net 819,000.00 822,000.00 794,000.00 767,000.00 758,000.00
      Goodwill 2,707,000.00 2,706,000.00 2,668,000.00 2,650,000.00 2,684,000.00
      Intangible Assets 104,000.00 90,000.00 86,000.00 567,000.00 638,000.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 42,000.00 0 0 37,000.00 33,000.00
      Other Non-Current Assets 3,100,000.00 0 0 93,000.00 83,000.00
Liabilities 7,934,000.00 9,226,000.00 8,345,000.00 8,217,000.00 8,358,000.00
   Current Liabilities 3,420,000.00 4,127,000.00 2,509,000.00 2,687,000.00 2,563,000.00
      Payables and Expenses 2,789,000.00 680,000.00 688,000.00 929,000.00 865,000.00
            Account Payables 758,000.00 680,000.00 688,000.00 718,000.00 662,000.00
            Current Accrued Liabilities 0 0 0 117,000.00 105,000.00
      Short-Term Debt 117,000.00 1,861,000.00 216,000.00 232,000.00 274,000.00
      Other Current Liabilities 514,000.00 1,586,000.00 1,605,000.00 1,526,000.00 1,424,000.00
   Non-Current Liabilities 4,514,000.00 5,099,000.00 5,836,000.00 5,530,000.00 5,795,000.00
      Long-Term Debt 4,139,000.00 4,768,000.00 5,542,000.00 5,237,000.00 5,490,000.00
      Other Non-Current Liabilities 375,000.00 331,000.00 294,000.00 293,000.00 305,000.00
Equity 1,354,000.00 2,012,000.00 1,995,000.00 2,061,000.00 1,894,000.00
   Shareholders Equity 871,000.00 1,531,000.00 1,642,000.00 1,652,000.00 1,482,000.00
      Capital Stock 21,000.00 21,000.00 21,000.00 21,000.00 21,000.00
      Share Premium 1,168,000.00 1,852,000.00 1,898,000.00 1,931,000.00 1,962,000.00
      Retained Earnings -574,000.00 -691,000.00 -633,000.00 -660,000.00 -877,000.00
      Treasury Shares 368,000.00 156,000.00 156,000.00 156,000.00 156,000.00
      Accumulated Other Comprehensive Income 623,000.00 505,000.00 512,000.00 516,000.00 532,000.00
   Minority Interest 483,000.00 481,000.00 353,000.00 409,000.00 412,000.00
Debt 4,256,000.00 6,629,000.00 5,758,000.00 5,469,000.00 5,764,000.00
Net Debt 2,582,000.00 5,241,000.00 5,047,000.00 4,778,000.00 5,156,000.00
Common Shares Outstanding 190,000.00 203,000.00 202,032.94 202,031.64 201,857.59
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 629,000.00 630,000.00 583,000.00 652,000.00 586,000.00
Cost Of Revenue 307,000.00 356,000.00 327,000.00 366,000.00 283,000.00
Interest Income 0 4,000.00 3,000.00 2,000.00 2,000.00
Interest Expense 36,000.00 49,000.00 49,000.00 48,000.00 53,000.00
Non-Interest Expense 73,000.00 100,000.00 104,000.00 93,000.00 91,000.00
Gross Profit 322,000.00 274,000.00 256,000.00 286,000.00 303,000.00
Operating Expenses 139,000.00 115,000.00 118,000.00 106,000.00 154,000.00
   Selling, General and Administrative Expenses 73,000.00 100,000.00 104,000.00 93,000.00 91,000.00
   Research and Development Expenses 11,000.00 12,000.00 11,000.00 11,000.00 12,000.00
   Other Operating Expenses 0 3,000.00 3,000.00 2,000.00 2,000.00
Operating Income 183,000.00 159,000.00 138,000.00 180,000.00 149,000.00
Net Non-Operating Income -12,000.00 -2,000.00 -4,000.00 -2,000.00 -4,000.00
EBT 134,000.00 -10,000.00 56,000.00 206,000.00 15,000.00
Income Tax 40,000.00 50,000.00 48,000.00 89,000.00 61,000.00
Net Income Including Non-Controlling Interests 156,000.00 -20,000.00 60,000.00 254,000.00 42,000.00
Net Income Non-Controlling Interests -38,000.00 -38,000.00 -33,000.00 -35,000.00 -35,000.00
Net Income 117,000.00 -58,000.00 27,000.00 218,000.00 7,000.00
EBIT 170,000.00 39,000.00 105,000.00 254,000.00 68,000.00
Deprecation and Amortization 108,000.00 107,000.00 102,000.00 101,000.00 102,000.00
EBITDA 278,000.00 146,000.00 207,000.00 355,000.00 169,000.00
EPS 0.00 -0.00 0.00 0.00 0.00
Diluted EPS 0.00 -0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 190,000.00 203,000.00 202,000.00 202,000.00 202,000.00
Average Shares Outstanding Diluted 190,000.00 203,000.00 202,000.00 204,000.00 202,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -446,000.00 310,000.00 224,000.00 306,000.00 261,000.00
   Operating Net Income 95,000.00 -60,000.00 8,000.00 115,000.00 -45,000.00
   Deprecation and Amortization 108,000.00 107,000.00 102,000.00 101,000.00 102,000.00
   Deferred Income Tax 0 -6,000.00 -18,000.00 -25,000.00 -21,000.00
   Share Based Compensation 3,000.00 5,000.00 7,000.00 7,000.00 13,000.00
   Change in Working Capital -107,000.00 109,000.00 30,000.00 67,000.00 87,000.00
   Other Operating Activities 0 155,000.00 95,000.00 41,000.00 125,000.00
Investing Cash Flow 3,889,000.00 -143,000.00 -116,000.00 -87,000.00 -90,000.00
   Capital Expenditure -65,000.00 -98,000.00 -76,000.00 -45,000.00 -30,000.00
   Net Purchase/Sale of PPE 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 3,954,000.00 -45,000.00 -40,000.00 -42,000.00 -60,000.00
Financing Cash Flow -3,268,000.00 517,000.00 -79,000.00 -81,000.00 -72,000.00
   Net Issuance/Repayment of Debt -2,388,000.00 596,000.00 202,000.00 -83,000.00 1,000.00
   Net Issuance/Repurchase of Equity -251,000.00 0 0 0 0
   Dividends Paid -647,000.00 -41,000.00 -40,000.00 -40,000.00 -41,000.00
   Other Financing Activities 18,000.00 0 0 0 0
Net Change in Cash 175,000.00 539,000.00 29,000.00 138,000.00 184,000.00
   Cash at Beginning of Period 1,546,000.00 823,000.00 775,000.00 674,000.00 473,000.00
   Cash at End of Period 1,696,000.00 1,401,000.00 823,000.00 775,000.00 674,000.00
Free Cash Flow -511,000.00 212,000.00 148,000.00 261,000.00 231,000.00