Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 9.37 7.57 9.16 10.66
Price to Sales 10.40
Book Value Per Common Share 27.39 26.66 25.93 26.27
Price to Book 1.18 1.04 0.86 1.29
Price to Operating Cash Flow -2.58 10.10 5.52 -1.28
Price to Free Cash Flow -1.28
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Price to Earnings 13.65 22.95 49.03 10.81 15.46 32.45 9.88 15.55 28.99 13.54
Price to Sales
Book Value Per Common Share 27.15 27.33 27.39 27.39 27.27 27.19 26.87 26.66 26.54 26.30 26.10 25.93 25.76
Price to Book 0.96 1.12 1.18 1.18 1.07 1.13 1.16 1.04 1.03 1.04 0.96 0.86 0.88
Price to Operating Cash Flow -26.00 34.34 17.27 -3.54 -5.33 -15.01 7.64 6.50 25.67 7.56
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -5.48 49.59 -23.51
Revenue YoY
EBITDA YoY
Net Profit YoY 13.42 51.26 -12.13
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Earning YoY 42.54 103.03 36.87 106.25 57.39 104.65 -48.81
Revenue YoY
EBITDA YoY
Net Profit YoY 43.44 103.49 39.92 106.77 60.28 104.36 -50.92

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.15 0.92 0.79
Quick Ratio
Current Ratio
Debt to Equity 1.23 1.05 1.38 1.29
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Cash Per Common Share 1.41 1.59 4.56 1.05 0.99 1.52 0.77 0.83 0.89 0.92 0.64 0.82 0.78
Quick Ratio
Current Ratio
Debt to Equity 1.27 1.18 1.24 1.23 1.17 1.18 1.08 1.05 1.13 1.20 1.35 1.38 1.38
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 4.88 6.04 4.08 4.52
ROE 10.90 12.36 9.73 10.35
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 97.45
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
ROA 2.90 2.09 1.01 4.30 3.23 1.72 4.64 2.96 1.41 2.85
ROE 6.59 4.57 2.27 9.33 7.04 3.56 9.88 6.52 3.31 6.78
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00
Dividend Payout Ratio 55.12
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 14,219,542.00 10,134,618.00 9,908,995.00 10,177,541.00 0
   Current Assets 0 0 0 0 357,413.00
      Cash and Short-Term Investments 232,105.00 154,857.00 131,272.00 0 217,993.00
            Cash and Cash Equivalents 232,105.00 154,857.00 131,272.00 102,879.00 0
            Short-Term Investments 0 0 0 0 0
      Net Receivables 7,783.00 1,295.00 0 205,537.00 0
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
   Non-Current Assets 0 0 0 0 5,593,453.00
      Property, Plant, Equipment Net 0 0 0 0 0
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 9,855,379.00 0
      Non-Current Deferred Assets 0 0 0 0 6,933.00
      Other Non-Current Assets 0 0 0 0 0
Liabilities 7,853,911.00 5,182,577.00 5,750,029.00 5,730,062.00 0
   Current Liabilities 0 0 0 0 1,497,227.00
      Payables and Expenses 0 0 0 0 182,664.00
            Account Payables 0 0 0 165,076.00 0
            Current Accrued Liabilities 0 0 0 0 15,282.00
      Short-Term Debt 0 0 0 0 1,314,563.00
      Other Current Liabilities 0 0 0 0 0.00
   Non-Current Liabilities 0 0 0 0 1,185,830.00
      Long-Term Debt 0 0 0 5,498,633.00 0
      Other Non-Current Liabilities 0 0 0 0 0
Equity 6,365,631.00 4,952,041.00 4,158,966.00 4,447,479.00 0
   Shareholders Equity 6,076,521.00 4,952,041.00 4,158,966.00 4,447,479.00 0
      Capital Stock 222.00 186.00 160.00 169.00 0
      Share Premium 5,749,762.00 4,701,827.00 4,033,113.00 4,245,125.00 0
      Retained Earnings 326,537.00 250,028.00 125,693.00 202,185.00 0
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Investments 6,396.00 0 0 0 0
Debt 14,567,265.00 4,911,930.00 5,527,715.00 5,498,633.00 0
Net Debt 14,335,160.00 4,757,073.00 5,396,443.00 5,395,754.00 0
Common Shares Outstanding 221,892.18 185,782.41 160,362.86 169,274.03 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 0 0 0 472,459.00 0
Cost Of Revenue 0 0 0 0 65,949.00
Interest Income 330,833.00 285,720.00 208,479.00 618,696.00 0
Interest Expense 326,133.00 266,420.00 203,579.00 115,002.00 0
Net Interest 4,700.00 19,300.00 4,900.00 0 0
Non-Interest Expense 0 0 0 10,660.00 0
Gross Profit 0 0 0 0 323,175.00
Operating Expenses 0 0 0 9,599.00 0
   Selling, General and Administrative Expenses 8,208.00 12,192.00 10,354.00 10,660.00 0
   Other Operating Expenses 0 0 0 -1,061.00 0
Operating Income 0 0 0 0 242,556.00
Net Non-Operating Income 0 0 0 0 -1,466.00
EBT 0 0 0 462,860.00 0
Income Tax 0.00 0.00 0.00 2,438.00 0
Net Income Including Non-Controlling Interests 0 0 0 460,422.00 0
Net Income 694,097.00 611,951.00 404,556.00 460,422.00 0
Deprecation and Amortization 39,856.00 52,865.00 47,429.00 0 0
EPS 0.00 0.00 0.00 0.00 0
Diluted EPS 0.00 0.00 0.00 0.00 0
Average Shares Outstanding Basic 201,372.01 167,615.43 166,072.92 144,510.12 0
Average Shares Outstanding Diluted 201,372.01 167,615.43 166,072.92 144,510.12 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -2,526,294.00 458,815.00 672,948.00 -3,828,514.00
   Operating Net Income 694,097.00 611,951.00 404,556.00 460,422.00
   Deprecation and Amortization 39,856.00 52,865.00 47,429.00 0
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 0 0
   Change in Working Capital 39,736.00 -60,651.00 5,951.00 -24,892.00
   Other Operating Activities -3,299,983.00 -145,350.00 215,012.00 -4,264,044.00
Investing Cash Flow 0 0 0 0
   Capital Expenditure 0.00 0.00 0.00 0
   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 0 0
   Other Investing Activities 0 0 0 0
Financing Cash Flow 2,602,105.00 -432,161.00 -648,179.00 3,713,400.00
   Net Issuance/Repayment of Debt 5,067,044.00 3,531,552.00 1,797,979.00 2,998,831.00
   Net Issuance/Repurchase of Equity 2,078,484.00 1,130,784.00 263,017.00 981,102.00
   Dividends Paid 583,351.00 437,966.00 423,441.00 -253,776.00
   Other Financing Activities -5,126,774.00 -5,532,463.00 -3,132,616.00 -12,757.00
Net Change in Cash 75,811.00 26,654.00 24,769.00 -115,114.00
   Cash at Beginning of Period 153,795.00 128,203.00 106,503.00 217,993.00
   Cash at End of Period 229,606.00 154,857.00 131,272.00 102,879.00
Free Cash Flow 0 0 0 -3,828,514.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Assets 15,082,896.00 14,560,750.00 14,783,615.00 14,219,542.00 12,371,566.00 11,770,391.00 10,705,055.00 10,134,618.00 9,802,235.00 9,572,449.00 9,847,992.00 9,908,995.00 9,925,756.00
      Cash and Short-Term Investments 321,784.00 360,743.00 1,032,704.00 232,105.00 194,177.00 291,292.00 147,656.00 154,857.00 145,784.00 147,383.00 103,025.00 131,272.00 131,185.00
            Cash and Cash Equivalents 321,784.00 360,743.00 1,032,704.00 232,105.00 194,177.00 291,292.00 147,656.00 154,857.00 145,784.00 147,383.00 103,025.00 131,272.00 131,185.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 28,422.00 34,484.00 17,993.00 7,783.00 56,354.00 54,462.00 14.00 1,295.00 60,695.00 45,333.00 0 0 0
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 0 0 0 0 0 0 0 0 0 0 0 0 0
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 8,447,312.00 7,894,764.00 8,193,050.00 7,853,911.00 6,670,899.00 6,375,818.00 5,549,390.00 5,182,577.00 5,199,640.00 5,222,178.00 5,657,496.00 5,750,029.00 5,757,225.00
      Payables and Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
            Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity 6,635,584.00 6,665,986.00 6,590,565.00 6,365,631.00 5,700,667.00 5,394,573.00 5,155,665.00 4,952,041.00 4,602,595.00 4,350,271.00 4,190,496.00 4,158,966.00 4,168,531.00
   Shareholders Equity 6,269,576.00 6,288,296.00 6,240,869.00 6,076,521.00 5,700,667.00 5,394,573.00 5,155,665.00 4,952,041.00 4,602,595.00 4,350,271.00 4,190,496.00 4,158,966.00 4,168,531.00
      Capital Stock 231.00 230.00 228.00 222.00 209.00 198.00 192.00 186.00 173.00 165.00 162.00 160.00 162.00
      Share Premium 6,035,785.00 6,009,106.00 5,939,716.00 5,749,762.00 5,380,186.00 5,064,855.00 4,869,433.00 4,701,827.00 4,383,821.00 4,168,948.00 4,038,243.00 4,033,113.00 4,068,960.00
      Retained Earnings 233,560.00 278,960.00 300,925.00 326,537.00 320,272.00 329,520.00 286,040.00 250,028.00 218,601.00 181,158.00 152,091.00 125,693.00 99,409.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 41,993.00 22,991.00 23,980.00 6,396.00 52,676.00 8,060.00 0 0 0 0 0 0 0
Debt 15,769,149.00 14,636,285.00 15,221,370.00 14,567,265.00 6,389,094.00 6,084,261.00 5,274,114.00 4,911,930.00 4,962,379.00 4,977,981.00 5,451,854.00 5,527,715.00 5,512,721.00
Net Debt 15,447,365.00 14,275,542.00 14,188,666.00 14,335,160.00 6,194,917.00 5,792,969.00 5,126,458.00 4,757,073.00 4,816,595.00 4,830,598.00 5,348,829.00 5,396,443.00 5,381,536.00
Common Shares Outstanding 230,957.16 230,055.44 227,818.93 221,892.18 209,034.34 198,381.80 191,874.42 185,782.41 173,443.54 165,417.27 160,571.37 160,362.86 161,823.80
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30
   Selling, General and Administrative Expenses 7,310.00 4,412.00 1,949.00 -4,312.00 6,216.00 4,179.00 2,125.00 -6,103.00 9,690.00 5,812.00 2,793.00 7,057.00
Interest Income 300,754.00 199,863.00 105,876.00 -123,199.00 237,552.00 147,860.00 68,620.00 -140,213.00 212,529.00 146,276.00 67,128.00 142,732.00
Interest Expense 279,954.00 185,263.00 92,976.00 -119,899.00 233,752.00 145,560.00 66,720.00 -131,313.00 198,129.00 132,876.00 66,728.00 140,732.00
Net Interest 20,800.00 14,600.00 12,900.00 -3,300.00 3,800.00 2,300.00 1,900.00 -8,900.00 14,400.00 13,400.00 400.00 2,000.00
EBT 0 0 0 0 0 0 0 0 0 0 0 0
Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income 437,288.00 304,851.00 149,809.00 -401,204.00 531,605.00 379,941.00 183,755.00 -265,138.00 454,643.00 283,648.00 138,798.00 282,777.00
Deprecation and Amortization 41,004.00 27,554.00 16,419.00 -19,212.00 29,029.00 20,333.00 9,706.00 -25,716.00 39,256.00 30,190.00 9,135.00 36,023.00
EPS 0.00 0.00 0.00 -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 0.00 0.00 0.00
Average Shares Outstanding Basic 228,425.00 227,389.21 226,577.17 226,631.07 196,003.01 192,254.10 190,599.85 185,325.28 163,842.43 160,792.16 160,501.87 167,986.92
Average Shares Outstanding Diluted 228,425.00 227,389.21 226,577.17 226,631.07 196,003.01 192,254.10 190,599.85 185,325.28 163,842.43 160,792.16 160,501.87 167,986.92
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30
Operating Cash Flow -228,993.00 203,604.00 424,664.00 596,371.00 -1,622,425.00 -1,104,710.00 -395,530.00 -960,951.00 586,760.00 677,142.00 155,864.00 505,132.00
   Operating Net Income 437,288.00 304,851.00 149,809.00 -401,204.00 531,605.00 379,941.00 183,755.00 -265,138.00 454,643.00 283,648.00 138,798.00 282,777.00
   Deprecation and Amortization 41,004.00 27,554.00 16,419.00 -19,212.00 29,029.00 20,333.00 9,706.00 -25,716.00 39,256.00 30,190.00 9,135.00 36,023.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0
   Change in Working Capital 13,459.00 8,642.00 27,135.00 -62,576.00 40,886.00 58,721.00 2,705.00 -14,150.00 -16,313.00 -5,077.00 -25,111.00 -19,618.00
   Other Operating Activities -720,744.00 -137,443.00 231,301.00 1,079,363.00 -2,223,945.00 -1,563,705.00 -591,696.00 -655,947.00 109,174.00 368,381.00 33,042.00 205,950.00
Investing Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow 260,333.00 -161,743.00 310,120.00 -692,397.00 1,665,025.00 1,241,128.00 388,349.00 1,012,272.00 -584,383.00 -673,289.00 -186,761.00 -476,827.00
   Net Issuance/Repayment of Debt 2,955,097.00 2,196,929.00 1,406,546.00 -70,833.00 2,614,238.00 2,159,849.00 363,790.00 -1,043,639.00 2,772,173.00 1,542,360.00 260,658.00 1,448,239.00
   Net Issuance/Repurchase of Equity 544,501.00 496,696.00 374,065.00 -271,085.00 1,323,154.00 702,395.00 324,020.00 409,287.00 471,293.00 250,204.00 0 215,612.00
   Dividends Paid 507,195.00 335,662.00 165,622.00 -261,496.00 427,520.00 279,888.00 137,439.00 -162,362.00 309,862.00 198,713.00 91,753.00 305,756.00
   Other Financing Activities -3,746,460.00 -3,191,030.00 -1,636,113.00 -88,983.00 -2,699,887.00 -1,901,004.00 -436,900.00 1,808,986.00 -4,137,711.00 -2,664,566.00 -539,172.00 -2,446,434.00
Net Change in Cash 31,340.00 41,861.00 734,784.00 -96,026.00 42,600.00 136,418.00 -7,181.00 51,321.00 2,377.00 3,853.00 -30,897.00 28,306.00
   Cash at Beginning of Period 218,551.00 231,817.00 230,221.00 325,632.00 151,577.00 154,874.00 154,837.00 103,536.00 143,407.00 143,530.00 133,922.00 102,879.00
   Cash at End of Period 249,891.00 273,678.00 965,005.00 229,606.00 194,177.00 291,292.00 147,656.00 154,857.00 145,784.00 147,383.00 103,025.00 131,185.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0