BTDR
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -4.97 | -19.33 | ||
| Price to Sales | 8.51 | 2.96 | ||
| Book Value Per Common Share | 1.44 | 2.97 | 2.86 | 2.59 |
| Price to Book | 15.07 | 3.32 | ||
| Price to Operating Cash Flow | -4.79 | -4.01 | ||
| Price to Free Cash Flow | -3.97 | -2.74 | ||
| Enterprise Value to EBITDA | 372325.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -13.35 | -15.11 | 4.11 | -6.73 | -22.37 |
| Price to Sales | 21.01 | 14.31 | 23.95 | 51.94 | 18.15 |
| Book Value Per Common Share | 2.71 | 3.34 | 4.04 | 1.44 | 3.28 |
| Price to Book | 6.31 | 3.44 | 2.19 | 15.07 | 2.39 |
| Price to Operating Cash Flow | -6.85 | -6.65 | -5.91 | -11.03 | -12.41 |
| Price to Free Cash Flow | -6.15 | -4.99 | -4.78 | -9.60 | -9.31 |
| Enterprise Value to EBITDA | 5276025.83 | 64590.49 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | -5.09 | 10.56 | -15.54 | |
| EBITDA YoY | 332.17 | -96.51 | ||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 9.08 | 121.85 | 1.61 | 11.27 | |
| EBITDA YoY | -98.18 | ||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 4.06 | 1.46 | 2.08 | 3.34 |
| Quick Ratio | 0.53 | 1.47 | 1.15 | 1.52 |
| Current Ratio | 0.86 | 2.15 | 1.44 | 1.64 |
| Debt to Equity | 4.63 | 0.92 | 1.05 | 1.25 |
| Long-Term Debt to Equity | 0.65 | 0.56 | 0.35 | 0.35 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 1.36 | 2.44 | 2.01 | 3.38 | 2.03 |
| Quick Ratio | 0.33 | 0.46 | 0.57 | 0.53 | 1.64 |
| Current Ratio | 0.90 | 1.03 | 1.28 | 0.86 | 2.05 |
| Debt to Equity | 3.25 | 1.89 | 1.01 | 4.63 | 1.01 |
| Long-Term Debt to Equity | 0.75 | 0.36 | 0.12 | 0.65 | 0.64 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -38.46 | -8.86 | -9.27 | 12.77 |
| ROE | -216.61 | -17.04 | -18.96 | 28.69 |
| Gross Margin | 18.98 | 21.11 | 24.98 | 61.17 |
| Operating Margin | -166.87 | -12.45 | -17.87 | 33.78 |
| EBITDA Margin | -143.68 | 8.05 | 2.06 | 49.76 |
| Net Profit Margin | -171.29 | -15.37 | -18.11 | 20.94 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -10.94 | -7.24 | 25.61 | -34.14 | -4.79 |
| ROE | -46.48 | -20.90 | 51.53 | -192.31 | -9.62 |
| Gross Margin | 24.06 | 8.24 | -4.60 | 7.39 | 4.46 |
| Operating Margin | 4.04 | 241.86 | -123.79 | -786.15 | -62.73 |
| EBITDA Margin | 4.04 | 241.86 | -123.79 | -786.15 | -62.73 |
| Net Profit Margin | -157.14 | -94.96 | 583.89 | -770.69 | -80.76 |
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 | 1,557,854.00 | 639,387.00 | 651,409.00 | 646,974.00 |
| Current Assets | 949,447.00 | 260,324.00 | 319,560.00 | 424,218.00 |
| Cash and Short-Term Investments | 558,347.00 | 161,100.00 | 231,362.00 | 372,088.00 |
| Cash and Cash Equivalents | 476,270.00 | 144,729.00 | 231,362.00 | 372,088.00 |
| Short-Term Investments | 82,077.00 | 16,371.00 | 0 | 0 |
| Net Receivables | 25,139.00 | 17,464.00 | 22,004.00 | 20,701.00 |
| Inventory | 64,888.00 | 346.00 | 0 | 0 |
| Other Current Assets | 301,073.00 | 81,414.00 | 0 | 0 |
| Non-Current Assets | 608,407.00 | 379,063.00 | 331,849.00 | 222,756.00 |
| Property, Plant, Equipment Net | 387,974.00 | 276,963.00 | 226,421.00 | 208,027.00 |
| Real Estate | 30,723.00 | 34,346.00 | 35,542.00 | 0 |
| Goodwill | 35,818.00 | 0 | 0 | 0 |
| Intangible Assets | 83,235.00 | 4,777.00 | 322.00 | 115.00 |
| Long-Term Investments | 37,981.00 | 36,775.00 | 60,959.00 | 1,250.00 |
| Non-Current Deferred Assets | 6,220.00 | 991.00 | 4,857.00 | 4,622.00 |
| Other Non-Current Assets | 26,456.00 | 25,211.00 | 0 | 0 |
| Liabilities | 1,281,256.00 | 306,821.00 | 333,070.00 | 358,895.00 |
| Current Liabilities | 1,100,119.00 | 121,179.00 | 221,214.00 | 258,920.00 |
| Payables and Expenses | 83,564.00 | 66,379.00 | 37,574.00 | 45,471.00 |
| Account Payables | 31,471.00 | 32,484.00 | 15,768.00 | 17,740.00 |
| Current Accrued Liabilities | 0 | 9,732.00 | 5,539.00 | 2,108.00 |
| Short-Term Debt | 213,587.00 | 5,288.00 | 0 | 0 |
| Other Current Liabilities | 802,968.00 | 49,512.00 | 0 | 0 |
| Non-Current Liabilities | 181,137.00 | 185,642.00 | 111,856.00 | 99,975.00 |
| Long-Term Debt | 72,673.00 | 87,541.00 | 100,230.00 | 92,428.00 |
| Other Non-Current Liabilities | 108,464.00 | 98,101.00 | 11,626.00 | 7,547.00 |
| Equity | 276,598.00 | 332,566.00 | 318,339.00 | 288,079.00 |
| Shareholders Equity | 276,598.00 | 332,566.00 | 318,339.00 | 288,079.00 |
| Capital Stock | 0 | 0 | 0 | 1.00 |
| Share Premium | 0 | 0 | 0 | 0 |
| Retained Earnings | -649,004.00 | -49,853.00 | 6,803.00 | 67,169.00 |
| Treasury Shares | 160,926.00 | 2,604.00 | 0 | 0 |
| Accumulated Other Comprehensive Income | 1,086,528.00 | 385,023.00 | 311,536.00 | 220,909.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 286,260.00 | 92,829.00 | 100,230.00 | 92,428.00 |
| Common Shares Outstanding | 192,317.66 | 111,966.30 | 111,249.80 | 111,288.60 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 349,782.00 | 368,554.00 | 333,342.00 | 394,661.00 |
| Cost Of Revenue | 283,382.00 | 290,745.00 | 250,090.00 | 153,255.00 |
| Interest Income | 7,871.00 | 7,953.00 | 4,291.00 | 2,947.00 |
| Interest Expense | 17,921.00 | 5,081.00 | 5,203.00 | 2,443.00 |
| Non-Interest Expense | 72,361.00 | 74,700.00 | 105,136.00 | 98,183.00 |
| Gross Profit | 66,400.00 | 77,809.00 | 83,252.00 | 241,406.00 |
| Operating Expenses | 155,772.00 | 134,032.00 | 140,524.00 | 131,277.00 |
| Selling, General and Administrative Expenses | 72,361.00 | 74,700.00 | 105,136.00 | 98,183.00 |
| Research and Development Expenses | 76,946.00 | 29,534.00 | 35,430.00 | 29,501.00 |
| Other Operating Expenses | 6,465.00 | 29,798.00 | -42.00 | 3,593.00 |
| Operating Income | -89,372.00 | -56,223.00 | -57,272.00 | 110,129.00 |
| Net Non-Operating Income | 118.00 | -507.00 | 281.00 | 3,537.00 |
| EBT | -601,594.00 | -50,971.00 | -64,766.00 | 130,889.00 |
| Income Tax | -2,443.00 | 5,685.00 | -4,400.00 | 48,246.00 |
| Net Income Including Non-Controlling Interests | -599,151.00 | -56,656.00 | -60,366.00 | 82,643.00 |
| Net Income | -599,151.00 | -56,656.00 | -60,366.00 | 82,643.00 |
| EBIT | -583,673.00 | -45,890.00 | -59,563.00 | 133,332.00 |
| Deprecation and Amortization | 81,096.00 | 75,541.00 | 66,424.00 | 63,055.00 |
| EBITDA | -502,577.00 | 29,651.00 | 6,861.00 | 196,387.00 |
| EPS | -0.00 | -0.00 | -0.00 | 0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | 0.00 |
| Average Shares Outstanding Basic | 137,426.00 | 110,494.00 | 111,288.60 | 111,288.60 |
| Average Shares Outstanding Diluted | 137,426.00 | 110,494.00 | 111,288.60 | 111,288.60 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -622,073.00 | -271,787.00 | -268,037.00 | -52,466.00 |
| Operating Net Income | -599,151.00 | -56,656.00 | -60,366.00 | 82,643.00 |
| Deprecation and Amortization | 81,096.00 | 75,541.00 | 66,424.00 | 63,055.00 |
| Deferred Income Tax | 0 | 5,685.00 | -4,400.00 | 48,246.00 |
| Share Based Compensation | 33,968.00 | 45,488.00 | 90,648.00 | 88,355.00 |
| Change in Working Capital | -320,398.00 | -35,257.00 | -40,689.00 | 17,221.00 |
| Other Operating Activities | 0 | -306,588.00 | -319,654.00 | -351,986.00 |
| Investing Cash Flow | 112,700.00 | 199,854.00 | 133,793.00 | 394,569.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -126,920.00 | -126,246.00 | -62,238.00 | -88,616.00 |
| Net Purchase/Sale of Investments Net | -2,776.00 | 26,711.00 | -60,337.00 | 0 |
| Net Purchase/Sale of Business | -6,051.00 | 0 | -16,849.00 | -14,855.00 |
| Other Investing Activities | 248,447.00 | 299,389.00 | 273,217.00 | 498,040.00 |
| Financing Cash Flow | 844,267.00 | -13,493.00 | -3,884.00 | -14,426.00 |
| Net Issuance/Repayment of Debt | 529,538.00 | -12,191.00 | -3,884.00 | -3,483.00 |
| Net Issuance/Repurchase of Equity | 484,491.00 | 6,890.00 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -169,762.00 | -8,192.00 | 0.00 | -10,943.00 |
| Net Change in Cash | 334,894.00 | -85,426.00 | -138,128.00 | 327,677.00 |
| Cash at Beginning of Period | 144,729.00 | 231,362.00 | 372,088.00 | 44,753.00 |
| Cash at End of Period | 476,270.00 | 144,729.00 | 231,362.00 | 372,088.00 |
| Free Cash Flow | -749,291.00 | -398,133.00 | -331,237.00 | -141,959.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 2,437,079.00 | 2,041,070.00 | 1,598,625.00 | 1,557,854.00 | 1,046,433.00 |
| Current Assets | 1,288,570.00 | 1,115,320.00 | 909,205.00 | 949,447.00 | 393,759.00 |
| Cash and Short-Term Investments | 284,584.00 | 473,672.00 | 382,214.00 | 558,347.00 | 291,314.00 |
| Cash and Cash Equivalents | 196,252.00 | 299,792.00 | 215,642.00 | 476,270.00 | 291,314.00 |
| Short-Term Investments | 88,332.00 | 173,880.00 | 166,572.00 | 82,077.00 | 0 |
| Net Receivables | 192,984.00 | 28,268.00 | 26,073.00 | 25,139.00 | 24,668.00 |
| Inventory | 231,544.00 | 208,782.00 | 153,740.00 | 64,888.00 | 68,633.00 |
| Other Current Assets | 579,458.00 | 404,598.00 | 347,178.00 | 301,073.00 | 9,144.00 |
| Non-Current Assets | 1,148,509.00 | 925,750.00 | 689,420.00 | 608,407.00 | 652,674.00 |
| Property, Plant, Equipment Net | 899,685.00 | 652,235.00 | 479,129.00 | 387,974.00 | 339,092.00 |
| Real Estate | 30,098.00 | 31,137.00 | 30,529.00 | 30,723.00 | 33,009.00 |
| Goodwill | 35,818.00 | 35,818.00 | 35,818.00 | 35,818.00 | 35,818.00 |
| Intangible Assets | 99,141.00 | 83,193.00 | 78,303.00 | 83,235.00 | 89,401.00 |
| Long-Term Investments | 40,770.00 | 35,083.00 | 4,540.00 | 37,981.00 | 41,566.00 |
| Non-Current Deferred Assets | 8,333.00 | 8,610.00 | 8,543.00 | 6,220.00 | 5,297.00 |
| Other Non-Current Assets | 34,664.00 | 79,674.00 | 52,558.00 | 26,456.00 | 108,491.00 |
| Liabilities | 1,863,268.00 | 1,334,319.00 | 803,976.00 | 1,281,256.00 | 525,687.00 |
| Current Liabilities | 1,435,717.00 | 1,082,035.00 | 711,125.00 | 1,100,119.00 | 192,313.00 |
| Payables and Expenses | 140,402.00 | 129,568.00 | 99,052.00 | 83,564.00 | 80,931.00 |
| Account Payables | 78,049.00 | 76,248.00 | 50,729.00 | 31,471.00 | 36,881.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 570,292.00 | 457,651.00 | 294,282.00 | 213,587.00 | 0 |
| Other Current Liabilities | 725,023.00 | 494,816.00 | 317,791.00 | 802,968.00 | 0 |
| Non-Current Liabilities | 427,551.00 | 252,284.00 | 92,851.00 | 181,137.00 | 333,374.00 |
| Long-Term Debt | 345,662.00 | 168,067.00 | 6,895.00 | 72,673.00 | 171,421.00 |
| Other Non-Current Liabilities | 81,889.00 | 84,217.00 | 85,956.00 | 108,464.00 | 161,953.00 |
| Equity | 573,811.00 | 706,751.00 | 794,649.00 | 276,598.00 | 520,746.00 |
| Shareholders Equity | 573,811.00 | 706,751.00 | 794,649.00 | 276,598.00 | 520,746.00 |
| Capital Stock | 0 | 0 | 0 | 0 | 0 |
| Share Premium | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -653,949.00 | -387,264.00 | -239,531.00 | -649,004.00 | -117,087.00 |
| Treasury Shares | 290,607.00 | 290,607.00 | 181,065.00 | 160,926.00 | 926.00 |
| Accumulated Other Comprehensive Income | 1,518,367.00 | 1,384,622.00 | 1,215,245.00 | 1,086,528.00 | 638,759.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 915,954.00 | 625,718.00 | 301,177.00 | 286,260.00 | 171,421.00 |
| Net Debt | 628,011.00 | 233,284.00 | 0 | 0 | 0 |
| Common Shares Outstanding | 211,716.52 | 211,716.52 | 196,745.45 | 192,317.66 | 158,874.07 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 169,708.00 | 155,582.00 | 70,128.00 | 69,018.00 | 62,029.00 |
| Cost Of Revenue | 128,881.00 | 142,762.00 | 73,353.00 | 63,919.00 | 59,264.00 |
| Non-Interest Expense | 21,392.00 | 21,764.00 | 16,782.00 | 19,620.00 | 18,057.00 |
| Gross Profit | 40,827.00 | 12,820.00 | -3,225.00 | 5,099.00 | 2,765.00 |
| Operating Expenses | 33,969.00 | 37,720.00 | 83,585.00 | 53,380.00 | 41,673.00 |
| Selling, General and Administrative Expenses | 21,392.00 | 21,764.00 | 16,782.00 | 19,620.00 | 18,057.00 |
| Research and Development Expenses | 39,088.00 | 20,577.00 | 59,014.00 | 22,898.00 | 24,836.00 |
| Other Operating Expenses | -26,511.00 | -4,621.00 | 7,789.00 | 10,862.00 | -1,220.00 |
| Operating Income | 6,858.00 | -24,900.00 | -86,810.00 | -48,281.00 | -38,908.00 |
| Net Non-Operating Income | -238,494.00 | -504,901.00 | 503,050.00 | 27,819.00 | -14,681.00 |
| EBT | -261,052.00 | -147,930.00 | 406,897.00 | -532,678.00 | -53,820.00 |
| Income Tax | 5,633.00 | -197.00 | -2,576.00 | -761.00 | -3,723.00 |
| Net Income Including Non-Controlling Interests | -266,685.00 | -147,733.00 | 409,473.00 | -531,917.00 | -50,097.00 |
| Net Income | -266,685.00 | -147,733.00 | 409,473.00 | -531,917.00 | -50,097.00 |
| EBIT | 6,858.00 | 376,297.00 | -86,810.00 | -542,582.00 | -38,908.00 |
| EBITDA | 6,858.00 | 376,297.00 | -86,810.00 | -542,582.00 | -38,908.00 |
| 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 | 208,619.00 | 193,970.00 | 190,199.00 | 165,427.00 | 143,769.00 |
| Average Shares Outstanding Diluted | 208,619.00 | 193,970.00 | 228,561.00 | 165,427.00 | 143,769.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -520,282.00 | -334,871.00 | -283,988.00 | -325,058.00 | -90,720.00 |
| Operating Net Income | 0 | 0 | 0 | 0 | 0 |
| Deprecation and Amortization | 0 | 0 | 0 | 0 | 0 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 0 | 0 | 0 | 0 | 0 |
| Other Operating Activities | -520,282.00 | -334,871.00 | -283,988.00 | -325,058.00 | -90,720.00 |
| Investing Cash Flow | 27,203.00 | -12,623.00 | -73,603.00 | -9,960.00 | 10,179.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -59,748.00 | -111,491.00 | -67,595.00 | -48,329.00 | -30,149.00 |
| Net Purchase/Sale of Investments Net | -2,070.00 | -1,200.00 | -132.00 | -425.00 | 173.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 226.00 |
| Other Investing Activities | 89,021.00 | 100,068.00 | 0 | 38,794.00 | 39,929.00 |
| Financing Cash Flow | 388,197.00 | 431,490.00 | 94,862.00 | 522,775.00 | 168,067.00 |
| Net Issuance/Repayment of Debt | 295,815.00 | 517,843.00 | -1,942.00 | 371,377.00 | 160,735.00 |
| Net Issuance/Repurchase of Equity | 91,414.00 | -9,000.00 | 97,393.00 | 321,918.00 | 7,178.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 968.00 | -77,353.00 | -589.00 | -170,520.00 | 154.00 |
| Net Change in Cash | -104,882.00 | 83,996.00 | -262,729.00 | 187,757.00 | 87,526.00 |
| Cash at Beginning of Period | 299,792.00 | 215,642.00 | 476,270.00 | 291,314.00 | 203,882.00 |
| Cash at End of Period | 196,252.00 | 299,792.00 | 215,642.00 | 476,270.00 | 291,314.00 |
| Free Cash Flow | -580,030.00 | -446,362.00 | -351,583.00 | -373,441.00 | -120,869.00 |