BTSG
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Price to Earnings | -189.22 | |
| Price to Sales | 0.29 | |
| Book Value Per Common Share | 9.46 | 3.42 |
| Price to Book | 1.80 | |
| Price to Operating Cash Flow | 138.23 | |
| Price to Free Cash Flow | -57.51 | |
| Enterprise Value to EBITDA | 74540.82 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Price to Earnings | 109.48 | 168.50 | 120.60 | -367.00 | -41.81 | |
| Price to Sales | 1.80 | 1.51 | 1.26 | 1.00 | 0.74 | |
| Book Value Per Common Share | 10.06 | 9.84 | 9.63 | 9.46 | 9.28 | 9.16 |
| Price to Book | 2.94 | 2.40 | 1.88 | 1.80 | 1.58 | 1.19 |
| Price to Operating Cash Flow | 55.73 | 97.00 | 35.79 | 106.92 | -24.19 | |
| Price to Free Cash Flow | 65.25 | 193.04 | 43.31 | 404.41 | -18.95 | |
| Enterprise Value to EBITDA | 415357.45 | 462077.90 | 341155.52 | 237861.28 | 420469.07 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Earning YoY | ||
| Revenue YoY | 27.65 | |
| EBITDA YoY | 13.91 | |
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Earning YoY | 92.86 | -6.67 | ||||
| Revenue YoY | 5.92 | 9.37 | -0.99 | 12.81 | ||
| EBITDA YoY | 42.26 | -2.70 | -13.54 | 142.75 | ||
| Net Profit YoY | 97.94 | -4.52 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Cash Per Common Share | 0.32 | 0.08 |
| Quick Ratio | 0.76 | 0.82 |
| Current Ratio | 1.33 | 1.17 |
| Debt to Equity | 2.59 | 8.03 |
| Long-Term Debt to Equity | 1.72 | 5.99 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Cash Per Common Share | 0.69 | 0.35 | 0.26 | 0.35 | 0.18 | 0.33 |
| Quick Ratio | 0.80 | 0.76 | 0.71 | 0.76 | 0.94 | 0.84 |
| Current Ratio | 1.79 | 1.76 | 1.73 | 1.33 | 1.35 | 1.26 |
| Debt to Equity | 2.32 | 2.41 | 2.46 | 2.59 | 2.57 | 2.59 |
| Long-Term Debt to Equity | 1.47 | 1.54 | 1.60 | 1.72 | 1.79 | 1.80 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 |
|---|---|---|
| ROA | -0.30 | -2.79 |
| ROE | -1.09 | -25.24 |
| Gross Margin | 14.10 | 16.24 |
| Operating Margin | 1.72 | 1.67 |
| EBITDA Margin | 3.53 | 3.96 |
| Net Profit Margin | -0.16 | -1.75 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| ROA | 0.92 | 0.47 | 0.51 | -0.14 | -0.81 | |
| ROE | 3.07 | 1.62 | 1.75 | -0.51 | -2.91 | |
| Gross Margin | 11.76 | 11.91 | 11.76 | 14.04 | 14.34 | |
| Operating Margin | 2.63 | 1.54 | 1.76 | 1.96 | -0.18 | |
| EBITDA Margin | 3.86 | 2.87 | 3.23 | 3.70 | 1.72 | |
| Net Profit Margin | 1.67 | 0.90 | 1.03 | -0.28 | -1.78 |
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 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Dividend Yield | ||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Assets | 5,926,140.00 | 5,532,721.00 |
| Current Assets | 1,893,054.00 | 1,456,641.00 |
| Cash and Short-Term Investments | 61,253.00 | 13,071.00 |
| Cash and Cash Equivalents | 61,253.00 | 13,071.00 |
| Short-Term Investments | 0 | 0 |
| Net Receivables | 1,028,654.00 | 1,010,779.00 |
| Inventory | 640,568.00 | 402,776.00 |
| Other Current Assets | 162,579.00 | 30,015.00 |
| Non-Current Assets | 4,033,086.00 | 4,076,080.00 |
| Property, Plant, Equipment Net | 500,034.00 | 513,354.00 |
| Goodwill | 2,671,524.00 | 2,608,412.00 |
| Intangible Assets | 811,482.00 | 881,476.00 |
| Long-Term Investments | 670.00 | 720.00 |
| Non-Current Deferred Assets | 5,575.00 | 7,199.00 |
| Other Non-Current Assets | 43,801.00 | 64,919.00 |
| Liabilities | 4,274,555.00 | 4,920,172.00 |
| Current Liabilities | 1,428,333.00 | 1,248,437.00 |
| Payables and Expenses | 1,297,830.00 | 984,986.00 |
| Account Payables | 941,292.00 | 641,607.00 |
| Current Accrued Liabilities | 356,538.00 | 334,074.00 |
| Short-Term Debt | 130,503.00 | 114,467.00 |
| Other Current Liabilities | 0.00 | 148,984.00 |
| Non-Current Liabilities | 2,846,222.00 | 3,671,735.00 |
| Long-Term Debt | 2,774,463.00 | 3,556,124.00 |
| Other Non-Current Liabilities | 71,759.00 | 115,611.00 |
| Equity | 1,651,585.00 | 612,549.00 |
| Shareholders Equity | 1,647,855.00 | 584,740.00 |
| Capital Stock | 1,742.00 | 1,179.00 |
| Share Premium | 1,866,850.00 | 771,336.00 |
| Retained Earnings | -222,155.00 | -200,319.00 |
| Treasury Shares | 0 | 0 |
| Accumulated Other Comprehensive Income | 1,418.00 | 12,544.00 |
| Minority Interest | 0 | 27,809.00 |
| Investments | 45,000.00 | 0 |
| Debt | 2,904,966.00 | 3,670,591.00 |
| Net Debt | 2,843,713.00 | 3,351,143.00 |
| Common Shares Outstanding | 174,245.99 | 171,190.39 |
| Breakdown | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Revenues | 11,266,472.00 | 8,826,175.00 |
| Cost Of Revenue | 9,678,037.00 | 7,392,381.00 |
| Interest Expense | 228,386.00 | 324,593.00 |
| Non-Interest Expense | 0 | 1,286,614.00 |
| Gross Profit | 1,588,435.00 | 1,433,794.00 |
| Operating Expenses | 1,382,061.00 | 1,286,614.00 |
| Selling, General and Administrative Expenses | 1,382,061.00 | 1,286,614.00 |
| Other Operating Expenses | 0.00 | 0 |
| Operating Income | 206,374.00 | 147,180.00 |
| Net Non-Operating Income | -241,112.00 | 0 |
| EBT | -34,738.00 | -177,413.00 |
| Income Tax | 14,217.00 | -20,578.00 |
| Net Income Including Non-Controlling Interests | -20,521.00 | -156,835.00 |
| Net Income Non-Controlling Interests | 2,459.00 | 2,232.00 |
| Net Income | -18,062.00 | -154,603.00 |
| EBIT | 193,648.00 | 147,180.00 |
| Deprecation and Amortization | 204,482.00 | 202,336.00 |
| EBITDA | 398,130.00 | 349,516.00 |
| EPS | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 192,997.00 | 171,190.39 |
| Average Shares Outstanding Diluted | 192,997.00 | 171,190.39 |
| Breakdown | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Operating Cash Flow | 23,774.00 | 210,783.00 |
| Operating Net Income | -20,521.00 | -156,835.00 |
| Deprecation and Amortization | 204,482.00 | 202,336.00 |
| Deferred Income Tax | -31,207.00 | -52,632.00 |
| Share Based Compensation | 69,174.00 | 3,917.00 |
| Change in Working Capital | -270,074.00 | 159,436.00 |
| Other Operating Activities | 71,920.00 | 54,561.00 |
| Investing Cash Flow | -140,237.00 | -134,433.00 |
| Capital Expenditure | -80,913.00 | 0 |
| Net Purchase/Sale of PPE | -80,913.00 | -73,527.00 |
| Net Purchase/Sale of Investments Net | 473.00 | 0 |
| Net Purchase/Sale of Business | -59,797.00 | -63,058.00 |
| Other Investing Activities | 80,913.00 | 2,152.00 |
| Financing Cash Flow | 164,645.00 | -76,907.00 |
| Net Issuance/Repayment of Debt | -829,363.00 | -66,137.00 |
| Net Issuance/Repurchase of Equity | 657,135.00 | -650.00 |
| Dividends Paid | 0 | 0 |
| Other Financing Activities | 336,873.00 | -10,120.00 |
| Net Change in Cash | 48,182.00 | -557.00 |
| Cash at Beginning of Period | 13,071.00 | 13,628.00 |
| Cash at End of Period | 61,253.00 | 13,071.00 |
| Free Cash Flow | -57,139.00 | 137,256.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Assets | 6,049,497.00 | 5,943,597.00 | 5,846,945.00 | 5,926,140.00 | 5,785,967.00 | 5,655,555.00 |
| Current Assets | 2,780,276.00 | 2,647,959.00 | 2,528,448.00 | 1,893,054.00 | 1,709,585.00 | 1,572,809.00 |
| Cash and Short-Term Investments | 140,344.00 | 70,070.00 | 52,337.00 | 61,253.00 | 35,973.00 | 58,037.00 |
| Cash and Cash Equivalents | 140,344.00 | 70,070.00 | 52,337.00 | 61,253.00 | 35,973.00 | 58,037.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 1,100,390.00 | 1,070,274.00 | 975,264.00 | 1,028,654.00 | 1,151,419.00 | 990,581.00 |
| Inventory | 639,195.00 | 625,465.00 | 533,637.00 | 640,568.00 | 478,319.00 | 373,740.00 |
| Other Current Assets | 900,347.00 | 882,150.00 | 967,210.00 | 162,579.00 | 43,874.00 | 150,451.00 |
| Non-Current Assets | 3,269,221.00 | 3,295,638.00 | 3,318,497.00 | 4,033,086.00 | 4,076,382.00 | 4,082,746.00 |
| Property, Plant, Equipment Net | 335,083.00 | 341,677.00 | 339,599.00 | 500,034.00 | 507,686.00 | 521,761.00 |
| Goodwill | 2,370,566.00 | 2,370,134.00 | 2,370,024.00 | 2,671,524.00 | 2,672,791.00 | 2,609,228.00 |
| Intangible Assets | 521,610.00 | 544,337.00 | 568,284.00 | 811,482.00 | 842,479.00 | 856,016.00 |
| Long-Term Investments | 5,821.00 | 970.00 | 650.00 | 670.00 | 675.00 | 689.00 |
| Non-Current Deferred Assets | 6,445.00 | 5,445.00 | 2,311.00 | 5,575.00 | 9,324.00 | 11,156.00 |
| Other Non-Current Assets | 29,696.00 | 33,075.00 | 37,629.00 | 43,801.00 | 43,427.00 | 83,896.00 |
| Liabilities | 4,228,479.00 | 4,198,174.00 | 4,156,378.00 | 4,274,555.00 | 4,166,870.00 | 4,081,276.00 |
| Current Liabilities | 1,549,970.00 | 1,505,365.00 | 1,457,617.00 | 1,428,333.00 | 1,263,922.00 | 1,244,999.00 |
| Payables and Expenses | 1,156,897.00 | 1,117,424.00 | 1,170,670.00 | 1,297,830.00 | 1,011,417.00 | 1,107,561.00 |
| Account Payables | 954,497.00 | 965,302.00 | 868,080.00 | 941,292.00 | 783,838.00 | 655,776.00 |
| Current Accrued Liabilities | 199,700.00 | 149,856.00 | 302,590.00 | 356,538.00 | 218,097.00 | 451,785.00 |
| Short-Term Debt | 94,814.00 | 93,200.00 | 90,699.00 | 130,503.00 | 130,983.00 | 137,438.00 |
| Other Current Liabilities | 298,259.00 | 294,741.00 | 196,248.00 | 0.00 | 121,522.00 | 0.00 |
| Non-Current Liabilities | 2,678,509.00 | 2,692,809.00 | 2,698,761.00 | 2,846,222.00 | 2,902,948.00 | 2,836,277.00 |
| Long-Term Debt | 2,604,508.00 | 2,618,702.00 | 2,626,176.00 | 2,774,463.00 | 2,829,446.00 | 2,747,796.00 |
| Other Non-Current Liabilities | 74,001.00 | 74,107.00 | 72,585.00 | 71,759.00 | 73,502.00 | 88,481.00 |
| Equity | 1,821,018.00 | 1,745,423.00 | 1,690,567.00 | 1,651,585.00 | 1,619,097.00 | 1,574,279.00 |
| Shareholders Equity | 1,818,563.00 | 1,742,890.00 | 1,687,369.00 | 1,647,855.00 | 1,614,771.00 | 1,567,486.00 |
| Capital Stock | 1,807.00 | 1,771.00 | 1,752.00 | 1,742.00 | 1,741.00 | 1,712.00 |
| Share Premium | 1,931,616.00 | 1,909,854.00 | 1,880,099.00 | 1,866,850.00 | 1,848,115.00 | 1,788,728.00 |
| Retained Earnings | -108,569.00 | -164,405.00 | -192,613.00 | -222,155.00 | -234,380.00 | -246,069.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -6,291.00 | -4,330.00 | -1,869.00 | 1,418.00 | -705.00 | 23,115.00 |
| Minority Interest | 2,455.00 | 2,533.00 | -125.00 | 0 | 4,326.00 | 518.00 |
| Investments | 0 | 0 | 650.00 | 45,000.00 | 0 | 689.00 |
| Debt | 2,699,322.00 | 2,711,902.00 | 2,716,875.00 | 2,904,966.00 | 2,960,429.00 | 2,885,234.00 |
| Net Debt | 2,376,860.00 | 2,458,683.00 | 2,664,538.00 | 2,843,713.00 | 2,621,417.00 | 2,827,197.00 |
| Common Shares Outstanding | 180,685.88 | 177,055.33 | 175,183.43 | 174,245.99 | 174,078.98 | 171,190.39 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Revenues | 3,334,106.00 | 3,147,698.00 | 2,878,129.00 | 2,906,823.00 | 2,576,638.00 |
| Cost Of Revenue | 2,942,098.00 | 2,772,846.00 | 2,539,760.00 | 2,498,711.00 | 2,207,247.00 |
| Interest Expense | 38,235.00 | 38,778.00 | 41,763.00 | 56,061.00 | 65,020.00 |
| Non-Interest Expense | 304,165.00 | 326,295.00 | 0 | 351,272.00 | 0 |
| Gross Profit | 392,008.00 | 374,852.00 | 338,369.00 | 408,112.00 | 369,391.00 |
| Operating Expenses | 304,165.00 | 326,295.00 | 287,630.00 | 351,272.00 | 361,324.00 |
| Selling, General and Administrative Expenses | 304,165.00 | 326,295.00 | 287,630.00 | 351,272.00 | 361,324.00 |
| Other Operating Expenses | 0 | 0 | 0.00 | 0 | 0.00 |
| Operating Income | 87,843.00 | 48,557.00 | 50,739.00 | 56,840.00 | 8,067.00 |
| Net Non-Operating Income | 0 | 0 | -41,763.00 | 0 | -77,746.00 |
| EBT | 49,608.00 | 9,779.00 | 8,976.00 | 779.00 | -69,679.00 |
| Income Tax | 12,120.00 | 1,238.00 | 240.00 | 9,760.00 | 23,294.00 |
| Net Income Including Non-Controlling Interests | 55,241.00 | 27,542.00 | 29,010.00 | -8,981.00 | -46,385.00 |
| Net Income Non-Controlling Interests | 595.00 | 666.00 | 532.00 | 751.00 | 635.00 |
| Net Income | 55,836.00 | 28,208.00 | 29,542.00 | -8,230.00 | -45,750.00 |
| EBIT | 87,843.00 | 48,557.00 | 50,739.00 | 56,840.00 | -4,659.00 |
| Deprecation and Amortization | 40,753.00 | 41,839.00 | 42,161.00 | 50,608.00 | 48,922.00 |
| EBITDA | 128,596.00 | 90,396.00 | 92,900.00 | 107,448.00 | 44,263.00 |
| 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 | 203,487.00 | 201,807.00 | 201,005.00 | 198,491.00 | 175,531.00 |
| Average Shares Outstanding Diluted | 217,982.00 | 216,336.00 | 228,849.00 | 198,491.00 | 175,531.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 107,936.00 | 49,076.00 | 101,598.00 | 27,246.00 | -78,859.00 |
| Operating Net Income | 55,241.00 | 27,542.00 | 29,010.00 | -8,981.00 | -46,385.00 |
| Deprecation and Amortization | 40,753.00 | 41,839.00 | -42,161.00 | 50,608.00 | -48,922.00 |
| Deferred Income Tax | 14,374.00 | -139.00 | 0 | 21,479.00 | -31,732.00 |
| Share Based Compensation | 17,250.00 | 22,802.00 | 15,681.00 | 15,210.00 | 24,848.00 |
| Change in Working Capital | -25,082.00 | -77,597.00 | -5,118.00 | -65,589.00 | -99,886.00 |
| Other Operating Activities | 5,400.00 | 34,629.00 | 104,186.00 | 14,519.00 | 123,218.00 |
| Investing Cash Flow | -23,761.00 | -23,243.00 | -24,191.00 | -35,827.00 | -30,938.00 |
| Capital Expenditure | 0 | 0 | -17,632.00 | 0 | -21,816.00 |
| Net Purchase/Sale of PPE | -15,762.00 | -24,425.00 | -17,632.00 | -20,043.00 | -21,816.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 195.00 | 0 | 272.00 |
| Net Purchase/Sale of Business | -1,554.00 | 0 | -6,754.00 | -16,144.00 | -9,394.00 |
| Other Investing Activities | -6,445.00 | 1,182.00 | 17,632.00 | 360.00 | 21,816.00 |
| Financing Cash Flow | -13,107.00 | -8,243.00 | -86,018.00 | 19,527.00 | 154,763.00 |
| Net Issuance/Repayment of Debt | -17,655.00 | -15,211.00 | -78,500.00 | 23,997.00 | -847,134.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 656,810.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 4,548.00 | 6,968.00 | -7,518.00 | -4,470.00 | 345,087.00 |
| Net Change in Cash | 71,068.00 | 17,590.00 | -8,611.00 | 10,946.00 | 44,966.00 |
| Cash at Beginning of Period | 70,232.00 | 52,642.00 | 61,253.00 | 25,027.00 | 13,071.00 |
| Cash at End of Period | 141,300.00 | 70,232.00 | 52,642.00 | 35,973.00 | 58,037.00 |
| Free Cash Flow | 92,174.00 | 24,651.00 | 83,966.00 | 7,203.00 | -100,675.00 |