BZ
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 3.83 | 6.59 | 84.88 | -7.49 |
| Price to Sales | 0.83 | 1.21 | 2.06 | 2.17 |
| Book Value Per Common Share | 17.10 | 15.26 | 13.45 | 12.29 |
| Price to Book | 0.81 | 1.09 | 1.51 | 2.84 |
| Price to Operating Cash Flow | 1.72 | 2.37 | 9.26 | 5.62 |
| Price to Free Cash Flow | 2.27 | 3.46 | 14.01 | 6.68 |
| Enterprise Value to EBITDA | 64508.38 | 144839.34 | 1116485.14 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 13.27 | 16.46 | 13.53 | 16.38 | |
| Price to Sales | 4.97 | 7.47 | 4.38 | 3.31 | 4.01 |
| Book Value Per Common Share | 20.69 | 19.02 | 17.92 | 17.10 | 16.54 |
| Price to Book | 1.13 | 0.94 | 1.07 | 0.81 | 1.05 |
| Price to Operating Cash Flow | 9.17 | 14.93 | 8.41 | 6.31 | 9.44 |
| Price to Free Cash Flow | 9.17 | 14.93 | 8.41 | 60.29 | 9.44 |
| Enterprise Value to EBITDA | 315372.39 | 241212.23 | 383409.59 | 315189.30 | 465105.44 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | 42.86 | 950.00 | ||
| Revenue YoY | 23.58 | 31.94 | 5.92 | |
| EBITDA YoY | 84.31 | 539.00 | ||
| Net Profit YoY | 44.16 | 924.97 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 14.15 | -3.77 | 12.77 | ||
| Revenue YoY | 2.89 | 9.32 | 5.47 | -4.60 | |
| EBITDA YoY | 5.52 | 48.07 | 15.56 | 15.26 | |
| Net Profit YoY | 11.65 | 41.08 | 13.90 | -4.01 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 33.29 | 29.67 | 28.96 | 46.20 |
| Quick Ratio | 3.55 | 3.02 | 4.44 | 4.54 |
| Current Ratio | 3.60 | 3.07 | 4.56 | 4.65 |
| Debt to Equity | 0.29 | 0.34 | 0.27 | 0.28 |
| Long-Term Debt to Equity | 0.01 | 0.01 | 0.01 | 0.02 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 41.71 | 18.19 | 33.62 | 33.59 | 33.04 |
| Quick Ratio | 4.04 | 3.85 | 3.51 | 3.55 | 3.67 |
| Current Ratio | 4.18 | 3.92 | 3.56 | 3.60 | 3.80 |
| Debt to Equity | 0.25 | 0.26 | 0.29 | 0.29 | 0.29 |
| Long-Term Debt to Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 8.21 | 6.13 | 0.72 | -9.05 |
| ROE | 10.59 | 8.19 | 0.92 | -11.57 |
| Gross Margin | 83.15 | 82.19 | 83.27 | 86.98 |
| Operating Margin | 15.95 | 9.76 | -2.87 | -24.33 |
| EBITDA Margin | 25.28 | 16.95 | 3.50 | -19.88 |
| Net Profit Margin | 21.54 | 18.47 | 2.38 | -29.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 3.34 | 3.41 | 2.51 | 2.33 | 2.49 |
| ROE | 4.18 | 4.29 | 3.23 | 3.00 | 3.20 |
| Gross Margin | 85.77 | 85.38 | 83.84 | 82.80 | 83.57 |
| Operating Margin | 31.76 | 30.97 | 22.87 | 20.87 | 17.27 |
| EBITDA Margin | 31.76 | 30.97 | 22.87 | 20.87 | 17.27 |
| Net Profit Margin | 37.29 | 34.36 | 26.63 | 24.65 | 24.50 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | |||
| Dividend Payout Ratio | 51.21 |
| 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 | 19,310,672.00 | 17,940,048.00 | 14,826,867.00 | 13,641,623.00 |
| Current Assets | 15,100,383.00 | 13,373,037.00 | 13,826,262.00 | 12,958,954.00 |
| Cash and Short-Term Investments | 14,681,110.00 | 12,909,647.00 | 13,209,913.00 | 12,226,754.00 |
| Cash and Cash Equivalents | 2,553,090.00 | 2,472,959.00 | 9,751,824.00 | 11,341,758.00 |
| Short-Term Investments | 12,128,020.00 | 10,436,688.00 | 3,458,089.00 | 884,996.00 |
| Net Receivables | 205,001.00 | 233,645.00 | 249,480.00 | 411,669.00 |
| Inventory | 3,042.00 | 0 | 0 | 0 |
| Other Current Assets | 211,230.00 | 229,745.00 | 0 | 0 |
| Non-Current Assets | 4,210,289.00 | 4,567,011.00 | 1,000,605.00 | 682,669.00 |
| Property, Plant, Equipment Net | 2,036,642.00 | 2,076,100.00 | 980,664.00 | 678,211.00 |
| Goodwill | 6,528.00 | 5,690.00 | 5,690.00 | 0 |
| Intangible Assets | 252,589.00 | 8,093.00 | 10,251.00 | 458.00 |
| Long-Term Investments | 1,914,530.00 | 2,473,128.00 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0.00 | 4,000.00 | 4,000.00 | 0 |
| Liabilities | 4,347,852.00 | 4,510,855.00 | 3,186,104.00 | 2,967,567.00 |
| Current Liabilities | 4,192,056.00 | 4,357,351.00 | 3,031,109.00 | 2,784,202.00 |
| Payables and Expenses | 836,274.00 | 1,335,066.00 | 760,149.00 | 657,031.00 |
| Account Payables | 110,668.00 | 629,216.00 | 185,297.00 | 32,976.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 |
| Short-Term Debt | 180,782.00 | 155,014.00 | 151,438.00 | 127,531.00 |
| Other Current Liabilities | 3,175,000.00 | 2,867,271.00 | 2,119,522.00 | 1,999,640.00 |
| Non-Current Liabilities | 155,796.00 | 153,504.00 | 154,995.00 | 183,365.00 |
| Long-Term Debt | 121,345.00 | 125,079.00 | 143,591.00 | 183,365.00 |
| Other Non-Current Liabilities | 34,451.00 | 28,425.00 | 11,404.00 | 0.00 |
| Equity | 14,962,820.00 | 13,429,193.00 | 11,640,763.00 | 10,674,056.00 |
| Shareholders Equity | 14,867,371.00 | 13,429,202.00 | 11,640,763.00 | 10,674,056.00 |
| Capital Stock | 571.00 | 564.00 | 564.00 | 554.00 |
| Share Premium | 16,234,535.00 | 15,496,811.00 | 15,450,389.00 | 14,624,386.00 |
| Retained Earnings | -917,640.00 | -2,492,253.00 | -3,586,480.00 | -3,693,119.00 |
| Treasury Shares | 1,519,708.00 | 479,730.00 | 918,894.00 | 0 |
| Accumulated Other Comprehensive Income | 1,069,613.00 | 903,810.00 | 695,184.00 | -257,765.00 |
| Minority Interest | 95,449.00 | -9.00 | 0 | 0 |
| Debt | 302,127.00 | 280,093.00 | 295,029.00 | 310,896.00 |
| Common Shares Outstanding | 869,298.06 | 879,802.78 | 865,413.38 | 868,685.63 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 7,355,677.00 | 5,952,028.00 | 4,511,062.00 | 4,259,128.00 |
| Cost Of Revenue | 1,239,712.00 | 1,059,861.00 | 754,861.00 | 554,648.00 |
| Interest Income | 625,282.00 | 606,757.00 | 226,482.00 | 34,479.00 |
| Non-Interest Expense | 3,167,001.00 | 2,803,013.00 | 2,720,599.00 | 3,933,793.00 |
| Gross Profit | 6,115,965.00 | 4,892,167.00 | 3,756,201.00 | 3,704,480.00 |
| Operating Expenses | 4,943,019.00 | 4,311,196.00 | 3,885,720.00 | 4,740,800.00 |
| Selling, General and Administrative Expenses | 3,167,001.00 | 2,803,013.00 | 2,720,599.00 | 3,933,793.00 |
| Research and Development Expenses | 1,815,809.00 | 1,543,568.00 | 1,182,716.00 | 821,984.00 |
| Other Operating Expenses | -39,791.00 | -35,385.00 | -17,595.00 | -14,977.00 |
| Operating Income | 1,172,946.00 | 580,971.00 | -129,519.00 | -1,036,320.00 |
| Net Non-Operating Income | 34,500.00 | 32,973.00 | 11,406.00 | -7,745.00 |
| EBT | 1,832,660.00 | 1,221,789.00 | 116,996.00 | -1,011,547.00 |
| Income Tax | 265,634.00 | 122,571.00 | 9,751.00 | 59,527.00 |
| Net Income Including Non-Controlling Interests | 1,567,026.00 | 1,099,218.00 | 107,245.00 | -1,071,074.00 |
| Net Income Non-Controlling Interests | 17,638.00 | 9.00 | 0 | 0 |
| Net Income | 1,584,664.00 | 1,099,227.00 | 107,245.00 | -1,235,139.00 |
| EBIT | 1,172,946.00 | 580,971.00 | -129,519.00 | -1,036,320.00 |
| Deprecation and Amortization | 686,483.00 | 427,889.00 | 287,400.00 | 189,436.00 |
| EBITDA | 1,859,429.00 | 1,008,860.00 | 157,881.00 | -846,884.00 |
| EPS | 0.00 | 0.00 | 0.00 | -0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | -0.00 |
| Average Shares Outstanding Basic | 440,941.11 | 435,152.44 | 456,071.00 | 264,671.51 |
| Average Shares Outstanding Diluted | 454,614.38 | 451,368.00 | 456,071.00 | 264,671.51 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 3,542,495.00 | 3,047,009.00 | 1,003,042.00 | 1,641,381.00 |
| Operating Net Income | 1,567,026.00 | 1,099,218.00 | 107,245.00 | -1,071,074.00 |
| Deprecation and Amortization | 686,483.00 | 427,889.00 | 287,400.00 | 189,436.00 |
| Deferred Income Tax | 8,538.00 | 14,083.00 | 9,324.00 | 0 |
| Share Based Compensation | 1,143,685.00 | 1,056,967.00 | 692,204.00 | 417,284.00 |
| Change in Working Capital | 146,393.00 | 737,713.00 | -41,028.00 | 603,897.00 |
| Other Operating Activities | -9,630.00 | -288,861.00 | -52,103.00 | 1,501,838.00 |
| Investing Cash Flow | -2,016,899.00 | -9,938,645.00 | -2,816,581.00 | -601,862.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -855,927.00 | -948,558.00 | -339,796.00 | -259,862.00 |
| Net Purchase/Sale of Investments Net | -1,010,751.00 | -8,990,021.00 | -2,466,857.00 | -342,000.00 |
| Net Purchase/Sale of Business | -150,221.00 | -66.00 | -9,928.00 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -1,460,539.00 | -417,022.00 | -669,232.00 | 6,431,263.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 0 | -918,894.00 | 6,395,288.00 |
| Dividends Paid | 0 | -562,899.00 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 35,975.00 |
| Net Change in Cash | 65,057.00 | -7,308,658.00 | -2,482,771.00 | 7,470,782.00 |
| Cash at Beginning of Period | 2,472,959.00 | 9,751,824.00 | 11,341,758.00 | 3,998,203.00 |
| Cash at End of Period | 2,553,090.00 | 2,472,959.00 | 9,751,824.00 | 11,341,758.00 |
| Free Cash Flow | 2,686,448.00 | 2,091,498.00 | 662,922.00 | 1,381,490.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 24,156,544.00 | 21,183,955.00 | 20,387,869.00 | 19,310,672.00 | 18,813,418.00 |
| Current Assets | 19,938,536.00 | 16,627,877.00 | 15,681,004.00 | 15,100,383.00 | 15,147,115.00 |
| Cash and Short-Term Investments | 19,214,428.00 | 16,021,837.00 | 14,785,166.00 | 14,681,110.00 | 14,599,463.00 |
| Cash and Cash Equivalents | 4,698,085.00 | 3,159,506.00 | 2,790,420.00 | 2,553,090.00 | 2,816,158.00 |
| Short-Term Investments | 14,516,343.00 | 12,862,331.00 | 11,994,746.00 | 12,128,020.00 | 11,783,305.00 |
| Net Receivables | 42,206.00 | 314,348.00 | 672,107.00 | 205,001.00 | 38,185.00 |
| Inventory | 2,533.00 | 2,706.00 | 2,862.00 | 3,042.00 | 2,865.00 |
| Other Current Assets | 679,369.00 | 288,986.00 | 220,869.00 | 211,230.00 | 506,602.00 |
| Non-Current Assets | 4,218,008.00 | 4,556,078.00 | 4,706,865.00 | 4,210,289.00 | 3,666,303.00 |
| Property, Plant, Equipment Net | 1,590,873.00 | 1,708,622.00 | 1,850,295.00 | 2,036,642.00 | 2,162,324.00 |
| Goodwill | 6,528.00 | 6,528.00 | 6,528.00 | 6,528.00 | 6,528.00 |
| Intangible Assets | 105,560.00 | 234,412.00 | 243,501.00 | 252,589.00 | 261,677.00 |
| Long-Term Investments | 2,515,047.00 | 2,606,516.00 | 2,606,541.00 | 1,914,530.00 | 1,235,774.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Liabilities | 4,871,257.00 | 4,346,992.00 | 4,530,679.00 | 4,347,852.00 | 4,179,665.00 |
| Current Liabilities | 4,765,058.00 | 4,237,752.00 | 4,406,541.00 | 4,192,056.00 | 3,989,724.00 |
| Payables and Expenses | 1,457,602.00 | 706,729.00 | 819,592.00 | 836,274.00 | 726,062.00 |
| Account Payables | 78,799.00 | 0 | 92,631.00 | 110,668.00 | 81,438.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 104,515.00 | 130,038.00 | 150,849.00 | 180,782.00 | 192,097.00 |
| Other Current Liabilities | 3,202,941.00 | 3,400,985.00 | 3,436,100.00 | 3,175,000.00 | 3,071,565.00 |
| Non-Current Liabilities | 106,199.00 | 109,240.00 | 124,138.00 | 155,796.00 | 189,941.00 |
| Long-Term Debt | 61,332.00 | 69,448.00 | 90,259.00 | 121,345.00 | 166,451.00 |
| Other Non-Current Liabilities | 44,867.00 | 39,792.00 | 33,879.00 | 34,451.00 | 23,490.00 |
| Equity | 19,285,287.00 | 16,836,963.00 | 15,857,190.00 | 14,962,820.00 | 14,633,753.00 |
| Shareholders Equity | 19,195,898.00 | 16,747,574.00 | 15,767,801.00 | 14,867,371.00 | 14,633,762.00 |
| Capital Stock | 0 | 0 | 582.00 | 571.00 | 0 |
| Share Premium | 0 | 0 | 16,091,978.00 | 16,234,535.00 | 0 |
| Retained Earnings | 0 | 0 | -399,506.00 | -917,640.00 | 0 |
| Treasury Shares | 0 | 0 | 980,621.00 | 1,519,708.00 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 1,055,368.00 | 1,069,613.00 | 0 |
| Minority Interest | 0 | 0 | 89,389.00 | 95,449.00 | 0 |
| Debt | 165,847.00 | 199,486.00 | 241,108.00 | 302,127.00 | 358,548.00 |
| Common Shares Outstanding | 927,734.04 | 880,568.76 | 879,667.88 | 869,298.06 | 884,701.32 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Revenues | 2,163,281.00 | 2,102,433.00 | 1,923,277.00 | 1,823,606.00 | 1,911,575.00 | 0 |
| Cost Of Revenue | 307,791.00 | 307,457.00 | 310,808.00 | 313,715.00 | 314,026.00 | 0 |
| Interest Income | 227,956.00 | 156,972.00 | 149,489.00 | 156,464.00 | 158,948.00 | 0 |
| Non-Interest Expense | 760,388.00 | 730,847.00 | 756,738.00 | 702,180.00 | 808,700.00 | 0 |
| Gross Profit | 1,855,490.00 | 1,794,976.00 | 1,612,469.00 | 1,509,891.00 | 1,597,549.00 | 0 |
| Operating Expenses | 1,168,367.00 | 1,143,775.00 | 1,172,684.00 | 1,129,330.00 | 1,267,366.00 | 0 |
| Selling, General and Administrative Expenses | 760,388.00 | 730,847.00 | 756,738.00 | 702,180.00 | 808,700.00 | 0 |
| Research and Development Expenses | 408,019.00 | 416,046.00 | 423,568.00 | 440,360.00 | 464,151.00 | 0 |
| Other Operating Expenses | -40.00 | -3,118.00 | -7,622.00 | -13,210.00 | -5,485.00 | 0 |
| Operating Income | 687,123.00 | 651,201.00 | 439,785.00 | 380,561.00 | 330,183.00 | 0 |
| Net Non-Operating Income | 28,747.00 | -551.00 | -617.00 | -1,925.00 | 36,948.00 | 0 |
| EBT | 947,631.00 | 808,245.00 | 588,088.00 | 534,968.00 | 526,050.00 | 0 |
| Income Tax | 172,211.00 | 97,071.00 | 75,994.00 | 90,743.00 | 62,223.00 | 0 |
| Net Income Including Non-Controlling Interests | 775,420.00 | 711,174.00 | 512,094.00 | 444,225.00 | 463,827.00 | 0 |
| Net Income Non-Controlling Interests | 31,213.00 | 0 | 6,040.00 | 5,383.00 | 4,545.00 | 4,483.00 |
| Net Income | 806,633.00 | 722,438.00 | 512,094.00 | 449,608.00 | 468,372.00 | 0 |
| EBIT | 687,123.00 | 651,201.00 | 439,785.00 | 380,561.00 | 330,183.00 | 0 |
| EBITDA | 687,123.00 | 651,201.00 | 439,785.00 | 380,561.00 | 330,183.00 | 0 |
| EPS | 0.00 | 0 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 460,645.30 | 0 | 439,833.94 | 437,049.75 | 441,881.06 | 444,467.22 |
| Average Shares Outstanding Diluted | 474,695.53 | 0 | 439,833.94 | 449,357.87 | 453,420.86 | 462,026.08 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 1,173,795.00 | 1,051,896.00 | 1,003,109.00 | 956,108.00 | 812,290.00 |
| 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 | 1,173,795.00 | 1,051,896.00 | 1,003,109.00 | 956,108.00 | 812,290.00 |
| Investing Cash Flow | -1,667,004.00 | -824,453.00 | -678,826.00 | -723,128.00 | -698,000.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| 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 | -1,667,004.00 | -824,453.00 | -678,826.00 | -723,128.00 | -698,000.00 |
| Financing Cash Flow | 2,052,722.00 | 144,272.00 | -85,994.00 | -520,351.00 | -753,763.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 2,052,722.00 | 144,272.00 | -85,994.00 | -520,351.00 | -753,763.00 |
| Net Change in Cash | 1,559,513.00 | 371,715.00 | 238,289.00 | -287,371.00 | -639,473.00 |
| Cash at Beginning of Period | 3,159,506.00 | 2,790,420.00 | 2,553,090.00 | 2,816,158.00 | 3,472,390.00 |
| Cash at End of Period | 4,698,085.00 | 3,159,506.00 | 2,790,420.00 | 2,553,090.00 | 2,816,158.00 |
| Free Cash Flow | 1,173,795.00 | 1,051,896.00 | 1,003,109.00 | 100,061.00 | 812,290.00 |