Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 52.39 -24.92 -3.09 -18.33
Price to Sales 3.73 3.29 1.52 3.99
Book Value Per Common Share 1.66 1.25 1.37 1.74
Price to Book 5.69 5.18 1.80 4.42
Price to Operating Cash Flow 14.86 81.51 -4.22 133.91
Price to Free Cash Flow 23.53 -94.88 -4.22 -87.50
Enterprise Value to EBITDA 662331.22
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 188.38 131.50 157.83 117.88 231.00
Price to Sales 21.83 21.10 15.14 15.99 14.56
Book Value Per Common Share 1.84 1.80 1.69 1.66 1.32
Price to Book 8.17 7.29 5.61 5.69 7.00
Price to Operating Cash Flow 212.85 21.53 34.88 52.21 67.15
Price to Free Cash Flow 504.01 23.76 44.05 70.96 156.35
Enterprise Value to EBITDA 2058078.17 1520121.47 1592587.23 2554433.65

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 29.04 16.96 -8.36
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -20.00 66.67 -25.00 100.00
Revenue YoY 6.97 9.50 1.07 8.68
EBITDA YoY -14.87 45.68 61.56 -10.90
Net Profit YoY -22.74 83.11 -28.49 133.84

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 4.27 2.85 2.85 3.73
Quick Ratio 4.82 5.10 6.44 7.02
Current Ratio 5.19 5.68 7.14 7.22
Debt to Equity 0.51 0.51 0.42 0.32
Long-Term Debt to Equity 0.27 0.28 0.24 0.16
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 3.65 3.85 3.88 3.58 2.91
Quick Ratio 2.95 3.21 4.66 4.82 4.07
Current Ratio 3.19 3.51 5.03 5.19 4.52
Debt to Equity 0.61 0.64 0.57 0.51 0.64
Long-Term Debt to Equity 0.24 0.26 0.31 0.27 0.35

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 3.10 -6.66 -20.70 -8.53
ROE 4.69 -10.09 -29.41 -11.27
Gross Margin 74.56 73.86 73.77 77.75
Operating Margin 8.74 -12.26 -47.79 -21.44
EBITDA Margin 13.06 -8.06 -42.15 -15.76
Net Profit Margin 7.12 -13.20 -49.12 -21.79
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 1.39 1.82 1.10 1.64 0.92
ROE 2.24 2.98 1.74 2.48 1.50
Gross Margin 75.19 75.20 74.64 74.57 73.52
Operating Margin 17.61 22.81 16.04 5.97 10.58
EBITDA Margin 20.60 25.88 19.45 12.17 14.84
Net Profit Margin 11.59 16.05 9.60 13.56 6.30

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 94,316.00 62,972.00 64,477.00 75,732.00
   Current Assets 79,670.00 55,465.00 58,089.00 65,447.00
      Cash and Short-Term Investments 69,345.00 45,985.00 47,581.00 57,349.00
            Cash and Cash Equivalents 69,345.00 10,520.00 47,581.00 16,921.00
            Short-Term Investments 0 35,465.00 0 40,428.00
      Net Receivables 4,596.00 3,780.00 4,844.00 6,332.00
      Inventory 4,426.00 3,717.00 3,837.00 200.00
      Other Current Assets 1,303.00 1,983.00 1,827.00 1,566.00
   Non-Current Assets 14,646.00 7,507.00 6,388.00 10,285.00
      Property, Plant, Equipment Net 11,948.00 5,790.00 5,346.00 9,331.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 1,063.00 828.00 276.00 0
      Other Non-Current Assets 1,635.00 889.00 766.00 0
Liabilities 32,003.00 21,391.00 19,080.00 18,407.00
   Current Liabilities 15,346.00 9,761.00 8,141.00 9,067.00
      Payables and Expenses 6,071.00 3,952.00 3,505.00 4,255.00
            Account Payables 2,868.00 758.00 1,116.00 1,102.00
            Current Accrued Liabilities 2,576.00 2,480.00 2,309.00 2,899.00
      Short-Term Debt 824.00 232.00 234.00 500.00
      Other Current Liabilities 8,451.00 5,577.00 4,402.00 4,312.00
   Non-Current Liabilities 16,657.00 11,630.00 10,939.00 9,340.00
      Long-Term Debt 4,800.00 239.00 254.00 254.00
      Other Non-Current Liabilities 11,857.00 11,391.00 10,685.00 9,086.00
Equity 62,313.00 41,581.00 45,397.00 57,325.00
   Shareholders Equity 62,313.00 41,581.00 45,397.00 57,325.00
      Capital Stock 413.00 367.00 364.00 363.00
      Share Premium 157,597.00 140,344.00 138,146.00 137,566.00
      Retained Earnings -98,381.00 -101,302.00 -97,105.00 -83,756.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -2,188.00 -2,188.00 -2,188.00 -2,188.00
   Minority Interest 0 0 0 0
Debt 5,624.00 471.00 488.00 754.00
Common Shares Outstanding 37,626.43 33,242.19 33,053.32 32,911.13
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 41,016.00 31,785.00 27,177.00 29,657.00
Cost Of Revenue 10,435.00 8,308.00 7,129.00 6,599.00
Interest Income 2,477.00 2,171.00 1,109.00 225.00
Interest Expense 127.00 48.00 46.00 60.00
Non-Interest Expense 21,031.00 21,638.00 24,317.00 20,870.00
Gross Profit 30,581.00 23,477.00 20,048.00 23,058.00
Operating Expenses 29,190.00 28,436.00 32,731.00 28,057.00
   Selling, General and Administrative Expenses 21,031.00 21,638.00 24,317.00 20,870.00
   Research and Development Expenses 7,190.00 6,665.00 7,678.00 6,393.00
Operating Income 1,391.00 -4,959.00 -12,683.00 -4,999.00
EBT 3,459.00 -3,946.00 -13,034.00 -6,419.00
Income Tax 538.00 251.00 315.00 43.00
Net Income Including Non-Controlling Interests 2,921.00 -4,197.00 -13,349.00 -6,462.00
Net Income 2,921.00 -4,197.00 -13,349.00 -6,462.00
EBIT 3,586.00 -3,898.00 -12,988.00 -6,359.00
Deprecation and Amortization 1,771.00 1,337.00 1,534.00 1,686.00
EBITDA 5,357.00 -2,561.00 -11,454.00 -4,673.00
EPS 0.00 -0.00 -0.00 -0.00
Diluted EPS 0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 16,227.78 16,142.31 16,686.25 15,385.71
Average Shares Outstanding Diluted 16,227.78 16,142.31 16,686.25 15,385.71
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 10,298.00 1,284.00 -9,760.00 884.00
   Operating Net Income 2,921.00 -4,197.00 -13,349.00 -6,462.00
   Deprecation and Amortization 1,771.00 1,337.00 1,534.00 1,686.00
   Deferred Income Tax 538.00 251.00 315.00 43.00
   Share Based Compensation 1,441.00 381.00 1,474.00 1,893.00
   Change in Working Capital 2,387.00 1,635.00 -1,454.00 1,068.00
   Other Operating Activities 1,240.00 1,877.00 1,720.00 2,656.00
Investing Cash Flow 30,311.00 -37,409.00 42,169.00 -42,216.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -3,794.00 -2,387.00 1,936.00 -2,238.00
   Net Purchase/Sale of Investments Net 34,029.00 -35,022.00 40,233.00 -39,978.00
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 76.00 0.00 0.00 0.00
Financing Cash Flow 18,263.00 -1,026.00 -1,547.00 41,516.00
   Net Issuance/Repayment of Debt -424.00 -271.00 -533.00 -475.00
   Net Issuance/Repurchase of Equity 16,353.00 0 -52.00 42,260.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 2,334.00 -755.00 -962.00 -269.00
Net Change in Cash 58,872.00 -37,151.00 30,862.00 184.00
   Cash at Beginning of Period 10,520.00 47,581.00 16,921.00 16,961.00
   Cash at End of Period 69,345.00 10,520.00 47,581.00 16,921.00
Free Cash Flow 6,504.00 -1,103.00 -9,760.00 -1,354.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 113,062.00 111,564.00 100,198.00 94,316.00 72,100.00
   Current Assets 82,933.00 89,490.00 84,656.00 79,670.00 57,329.00
      Cash and Short-Term Investments 71,537.00 77,999.00 71,601.00 69,345.00 48,127.00
            Cash and Cash Equivalents 70,458.00 67,912.00 71,601.00 69,345.00 48,127.00
            Short-Term Investments 1,079.00 10,087.00 0 0 0
      Net Receivables 5,129.00 3,871.00 6,954.00 4,596.00 3,521.00
      Inventory 4,418.00 4,190.00 4,680.00 4,426.00 3,690.00
      Other Current Assets 1,849.00 3,430.00 1,421.00 1,303.00 1,991.00
   Non-Current Assets 30,129.00 22,074.00 15,542.00 14,646.00 14,771.00
      Property, Plant, Equipment Net 14,017.00 13,174.00 12,240.00 11,948.00 12,502.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 12,567.00 5,000.00 0 0 0
      Non-Current Deferred Assets 0 0 0 1,063.00 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 42,997.00 43,432.00 36,448.00 32,003.00 28,072.00
   Current Liabilities 25,993.00 25,508.00 16,846.00 15,346.00 12,687.00
      Payables and Expenses 8,847.00 7,550.00 7,665.00 6,071.00 7,263.00
            Account Payables 2,791.00 1,209.00 2,104.00 2,868.00 1,269.00
            Current Accrued Liabilities 0 0 0 2,576.00 0
      Short-Term Debt 1,043.00 911.00 818.00 824.00 0
      Other Current Liabilities 16,103.00 17,047.00 8,363.00 8,451.00 0
   Non-Current Liabilities 17,004.00 17,924.00 19,602.00 16,657.00 15,385.00
      Long-Term Debt 5,709.00 5,219.00 4,747.00 4,800.00 0
      Other Non-Current Liabilities 11,295.00 12,705.00 14,855.00 11,857.00 0
Equity 70,065.00 68,132.00 63,750.00 62,313.00 44,028.00
   Shareholders Equity 70,065.00 68,132.00 63,750.00 62,313.00 44,028.00
      Capital Stock 418.00 415.00 415.00 413.00 367.00
      Share Premium 159,873.00 158,398.00 158,134.00 157,597.00 140,662.00
      Retained Earnings -93,681.00 -95,247.00 -97,274.00 -98,381.00 -99,929.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -2,188.00 -2,188.00 -2,188.00 -2,188.00 -2,188.00
   Minority Interest 0 0 0 0 0
Debt 6,752.00 6,130.00 5,565.00 5,624.00 0
Common Shares Outstanding 38,007.28 37,789.73 37,738.46 37,626.43 33,358.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 13,512.00 12,632.00 11,536.00 11,414.00 10,502.00
Cost Of Revenue 3,353.00 3,133.00 2,926.00 2,903.00 2,781.00
Interest Income 1,126.00 2,303.00 1,274.00 532.00 830.00
Interest Expense 571.00 784.00 586.00 -1,055.00 374.00
Non-Interest Expense 6,510.00 6,577.00 5,702.00 5,067.00 5,631.00
Gross Profit 10,159.00 9,499.00 8,610.00 8,511.00 7,721.00
Operating Expenses 8,906.00 8,921.00 8,034.00 8,080.00 7,440.00
   Selling, General and Administrative Expenses 6,510.00 6,577.00 5,702.00 5,067.00 5,631.00
   Research and Development Expenses 2,396.00 2,344.00 2,332.00 2,044.00 1,809.00
Operating Income 1,253.00 578.00 576.00 431.00 281.00
EBT 1,808.00 2,097.00 1,264.00 1,736.00 737.00
Income Tax 242.00 70.00 157.00 188.00 75.00
Net Income Including Non-Controlling Interests 1,566.00 2,027.00 1,107.00 1,548.00 662.00
Net Income 1,566.00 2,027.00 1,107.00 1,548.00 662.00
EBIT 2,379.00 2,881.00 1,850.00 681.00 1,111.00
Deprecation and Amortization 404.00 388.00 394.00 708.00 448.00
EBITDA 2,783.00 3,269.00 2,244.00 1,389.00 1,559.00
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 19,575.00 20,270.00 18,450.00 19,350.00 16,550.00
Average Shares Outstanding Diluted 19,575.00 20,270.00 18,450.00 19,350.00 16,550.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 1,386.00 12,383.00 5,010.00 3,494.00 2,278.00
   Operating Net Income 1,566.00 2,027.00 1,107.00 1,548.00 662.00
   Deprecation and Amortization 404.00 388.00 394.00 708.00 448.00
   Deferred Income Tax 242.00 70.00 157.00 188.00 75.00
   Share Based Compensation 364.00 227.00 325.00 384.00 388.00
   Change in Working Capital -1,945.00 10,991.00 2,688.00 1,001.00 29.00
   Other Operating Activities 755.00 -1,320.00 339.00 -335.00 676.00
Investing Cash Flow 1,365.00 -15,859.00 -1,966.00 -1,843.00 -1,334.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -800.00 -1,166.00 -1,043.00 -923.00 -1,300.00
   Net Purchase/Sale of Investments Net 2,165.00 -14,713.00 -923.00 -956.00 -34.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 20.00 0.00 36.00 0.00
Financing Cash Flow -208.00 -264.00 -755.00 19,585.00 -698.00
   Net Issuance/Repayment of Debt -208.00 -261.00 -117.00 -187.00 -126.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0.00 -3.00 -638.00 19,772.00 -572.00
Net Change in Cash 2,543.00 -3,740.00 2,289.00 21,236.00 246.00
   Cash at Beginning of Period 67,912.00 71,601.00 69,345.00 48,127.00 47,864.00
   Cash at End of Period 70,458.00 67,912.00 71,601.00 69,345.00 48,127.00
Free Cash Flow 586.00 11,217.00 3,967.00 2,571.00 978.00