Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -0.74 -0.81 -1.05
Price to Sales 1.05 4.20 12.96
Book Value Per Common Share 2.52 3.95 5.73 10.10
Price to Book 0.42 0.36 0.77
Price to Operating Cash Flow -1.54 -0.75 -1.67
Price to Free Cash Flow -1.49 -0.65 -1.30
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -4.18 -2.87 -4.85 -4.03
Price to Sales 6.55 4.40 12.59 11.58 2.22
Book Value Per Common Share 1.46 1.66 2.38 2.52 3.13
Price to Book 0.40 0.47 0.37 0.42 0.37
Price to Operating Cash Flow -21.10 -6.40 -5.44 -3.91 -180.00
Price to Free Cash Flow -19.75 -6.23 -4.92 -3.85 -139.29
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 200.20 16.59 4.26
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY -28.67 198.96 -24.90 -82.42
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.41 1.09 5.85 9.99
Quick Ratio 0.69 1.43 2.29 10.17
Current Ratio 2.26 3.58 2.89 10.65
Debt to Equity 0.70 0.52 0.56 0.10
Long-Term Debt to Equity 0.33 0.28 0.15 0.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.09 0.16 0.28 0.41 0.71
Quick Ratio 0.40 0.47 0.56 0.69 1.02
Current Ratio 1.91 1.80 2.03 2.26 2.70
Debt to Equity 0.48 0.56 0.76 0.70 0.65
Long-Term Debt to Equity 0.12 0.15 0.34 0.33 0.33

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -33.84 -29.21 -41.10 -5.64
ROE -57.55 -44.47 -64.05 -6.23
Gross Margin 24.31 15.51 -5.75 17.53
Operating Margin -101.07 -414.79 -583.90 -179.00
EBITDA Margin -79.82 -355.64 -555.15 -164.20
Net Profit Margin -143.36 -519.86 -1231.16 -191.47
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -5.95 -7.95 -4.37 -13.19 -5.61
ROE -8.81 -12.40 -7.70 -22.42 -9.26
Gross Margin 2.26 -0.30 15.00 81.53 38.80
Operating Margin -137.43 -125.62 -288.07 -148.52 -32.53
EBITDA Margin -137.43 -125.62 -288.07 -148.52 -32.53
Net Profit Margin -146.74 -154.35 -263.84 -612.64 -55.28

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 132,566.31 185,537.99 267,848.32 291,364.37
   Current Assets 65,916.45 104,927.44 203,010.84 281,074.58
      Cash and Short-Term Investments 12,547.17 33,020.00 153,966.78 261,069.41
            Cash and Cash Equivalents 12,547.17 28,792.06 153,966.78 261,069.41
            Short-Term Investments 0 4,227.95 0 0
      Net Receivables 7,542.83 8,951.38 6,752.56 7,313.68
      Inventory 24,012.50 29,180.67 31,843.37 8,139.82
      Other Current Assets 21,813.94 33,775.39 10,448.12 4,551.67
   Non-Current Assets 66,649.87 80,610.55 64,837.48 10,289.79
      Property, Plant, Equipment Net 27,349.84 40,055.44 23,149.74 2,970.61
      Goodwill 0 223.49 0 0
      Intangible Assets 6,225.30 6,872.01 4,563.79 3.31
      Long-Term Investments 31,014.98 30,755.03 35,084.94 329.20
      Non-Current Deferred Assets 197.53 203.08 0 0
      Other Non-Current Assets 1,862.21 2,501.50 2,039.01 0
Liabilities 54,606.81 63,672.82 95,958.78 27,591.06
   Current Liabilities 29,114.02 29,299.24 70,249.21 26,401.07
      Payables and Expenses 6,469.43 7,244.75 7,360.15 20,729.77
            Account Payables 5,135.71 4,881.57 3,383.02 3,678.82
            Current Accrued Liabilities 411.94 998.42 2,100.74 2,429.84
      Short-Term Debt 14,365.90 14,256.79 58,709.07 3,514.19
      Other Current Liabilities 8,278.70 7,797.70 4,179.98 2,157.11
   Non-Current Liabilities 25,492.79 34,373.59 25,709.57 1,190.00
      Long-Term Debt 7,951.36 16,339.62 7,421.58 490.00
      Other Non-Current Liabilities 17,541.43 18,033.97 18,287.99 700.00
Equity 77,959.50 121,865.17 171,889.53 263,773.30
   Shareholders Equity 77,837.29 121,869.41 172,366.67 263,773.30
      Capital Stock 0 0 0 0
      Share Premium 405,757.10 402,337.39 397,497.82 374,901.94
      Retained Earnings -318,890.31 -274,023.50 -219,824.18 -109,735.93
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -9,029.50 -6,444.48 -5,306.97 -1,392.70
   Minority Interest 122.21 -4.24 -477.13 0
Debt 22,317.26 30,596.40 66,130.65 4,004.19
Common Shares Outstanding 30,866.61 30,828.78 30,084.20 26,125.62
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 31,297.39 10,425.66 8,941.83 8,576.83
Cost Of Revenue 23,688.85 8,808.26 9,455.81 7,073.39
Interest Expense 0 0 844.23 1,069.58
Non-Interest Expense 33,686.01 37,140.43 39,347.96 16,006.92
Gross Profit 7,608.55 1,617.40 -513.97 1,503.44
Operating Expenses 39,240.69 44,861.89 51,697.04 17,954.88
   Selling, General and Administrative Expenses 33,686.01 37,140.43 39,347.96 16,006.92
   Research and Development Expenses 5,160.80 7,721.46 6,362.77 1,478.26
Operating Income -31,632.14 -43,244.49 -52,211.01 -16,451.44
Net Non-Operating Income -518.15 534.22 -6,521.64 1,090.26
EBT -34,148.45 -46,061.01 -112,145.26 -16,421.81
Income Tax -35.52 8.99 0 0
Net Income Including Non-Controlling Interests -44,908.62 -54,360.75 -112,145.26 -16,421.81
Net Income Non-Controlling Interests 41.80 161.43 2,057.02 0
Net Income -44,866.81 -54,199.32 -110,088.24 -16,421.81
EBIT -31,632.14 -43,244.49 -52,211.01 -15,352.23
Deprecation and Amortization 6,649.18 6,166.22 2,570.72 1,269.18
EBITDA -24,982.96 -37,078.26 -49,640.29 -14,083.05
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 30,841.40 30,424.69 26,332.32 26,125.62
Average Shares Outstanding Diluted 30,841.40 30,424.69 26,332.32 26,125.62
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -21,362.31 -58,457.16 -69,401.13 -21,475.59
   Operating Net Income -44,908.62 -54,360.75 -112,145.26 -16,421.81
   Deprecation and Amortization 6,649.18 6,166.22 2,570.72 1,269.18
   Deferred Income Tax -47.85 -15.93 -898.63 0
   Share Based Compensation 3,370.63 5,230.27 4,031.63 1,128.33
   Change in Working Capital 3,597.76 -22,382.30 -30,154.74 -8,575.27
   Other Operating Activities 9,976.58 6,905.33 67,195.16 1,123.99
Investing Cash Flow 4,071.55 -16,388.16 -56,883.40 7,234.64
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -766.64 -7,632.36 -3,284.76 -680.34
   Net Purchase/Sale of Investments Net 3,564.58 -4,236.74 -30,000.00 -909.81
   Net Purchase/Sale of Business -355.40 -2,804.11 -7,099.28 155.90
   Other Investing Activities 1,629.01 -1,714.94 -16,499.35 8,668.88
Financing Cash Flow 1,230.83 -48,135.60 19,452.64 271,151.31
   Net Issuance/Repayment of Debt 1,230.83 -48,135.60 34,273.09 24,651.75
   Net Issuance/Repurchase of Equity 0 0 -13,930.00 0
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0.00 -890.46 246,499.56
Net Change in Cash -16,059.93 -122,980.91 -106,831.89 256,910.36
   Cash at Beginning of Period 29,571.90 154,096.80 261,664.96 4,549.03
   Cash at End of Period 12,960.49 29,571.90 154,096.80 261,664.96
Free Cash Flow -22,208.43 -67,208.13 -89,142.55 -22,231.85
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 112,709.74 124,398.50 129,341.97 132,566.31 159,835.19
   Current Assets 52,287.21 58,601.26 62,940.53 65,916.45 84,777.16
      Cash and Short-Term Investments 4,439.52 5,992.99 8,536.71 12,547.17 21,832.13
            Cash and Cash Equivalents 4,438.50 5,992.99 8,536.71 12,547.17 21,822.49
            Short-Term Investments 1.02 0 0 0 9.65
      Net Receivables 6,466.82 9,211.31 8,864.05 7,542.83 10,191.63
      Inventory 24,290.18 25,437.77 25,276.10 24,012.50 35,882.44
      Other Current Assets 17,090.69 17,959.20 20,263.66 21,813.94 16,870.96
   Non-Current Assets 60,422.53 65,797.24 66,401.45 66,649.87 75,058.03
      Property, Plant, Equipment Net 21,986.42 26,744.95 26,926.05 27,349.84 36,225.34
      Goodwill 0 0 0 0 225.17
      Intangible Assets 6,162.33 6,244.65 6,196.48 6,225.30 6,623.87
      Long-Term Investments 31,168.51 30,885.42 31,291.30 31,014.98 30,420.29
      Non-Current Deferred Assets 0 0 0 197.53 0
      Other Non-Current Assets 0 0 0 1,862.21 0
Liabilities 36,566.79 44,652.26 55,909.81 54,606.81 62,975.25
   Current Liabilities 27,353.83 32,622.27 31,007.88 29,114.02 31,441.24
      Payables and Expenses 5,947.73 5,620.09 6,623.22 6,469.43 11,513.34
            Account Payables 2,585.74 2,993.35 4,812.54 5,135.71 6,164.06
            Current Accrued Liabilities 758.24 600.40 828.68 411.94 5,349.28
      Short-Term Debt 13,453.40 17,856.31 14,764.81 14,365.90 14,820.17
      Other Current Liabilities 7,952.70 9,145.86 9,619.85 8,278.70 5,107.72
   Non-Current Liabilities 9,212.96 12,029.99 24,901.93 25,492.79 31,534.02
      Long-Term Debt 3,866.04 6,647.83 7,378.22 7,951.36 13,649.72
      Other Non-Current Liabilities 5,346.91 5,382.16 17,523.71 17,541.43 17,884.29
Equity 76,142.95 79,746.25 73,432.16 77,959.50 96,859.93
   Shareholders Equity 76,032.43 79,627.52 73,320.92 77,837.29 96,708.04
      Capital Stock 0 0 0 0 0
      Share Premium 424,686.05 421,530.66 406,496.75 405,757.10 405,029.68
      Retained Earnings -341,140.28 -334,433.99 -324,544.65 -318,890.31 -301,408.25
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -7,513.35 -7,469.15 -8,631.18 -9,029.50 -6,913.40
   Minority Interest 110.52 118.73 111.23 122.21 151.90
Debt 17,319.44 24,504.14 22,143.04 22,317.26 28,469.90
Net Debt 5,774.81 7,021.42 2,988.66 0 0
Common Shares Outstanding 51,912.83 47,912.83 30,866.61 30,866.61 30,866.61
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 4,570.22 6,406.92 2,143.06 2,853.56 16,230.30 0
Cost Of Revenue 4,466.90 6,425.82 1,821.53 527.10 9,932.85 0
Interest Expense 112.71 156.40 0 0 34.20 97.79
Non-Interest Expense 4,903.36 5,395.33 5,710.89 4,088.82 11,453.75 0
Gross Profit 103.32 -18.90 321.53 2,326.46 6,297.45 0
Operating Expenses 6,977.05 8,079.54 6,495.06 5,351.34 12,855.74 0
   Selling, General and Administrative Expenses 4,903.36 5,395.33 5,710.89 4,088.82 11,453.75 0
   Research and Development Expenses 518.85 648.86 784.18 868.65 1,401.99 0
Operating Income -6,873.73 -8,098.44 -6,173.54 -3,024.88 -6,558.29 0
Net Non-Operating Income 200.57 -70.38 295.59 -40.24 -647.43 0
EBT -6,393.46 -8,204.80 -5,373.90 -6,695.69 -5,313.88 0
Income Tax -12.97 -15.41 -11.63 11.62 -12.33 0
Net Income Including Non-Controlling Interests -6,715.09 -9,895.21 -5,665.66 -17,503.01 -8,981.59 0
Net Income Non-Controlling Interests 8.80 5.87 11.32 20.95 9.81 0
Net Income -6,706.29 -9,889.34 -5,654.34 -17,482.06 -8,971.77 0
EBIT -6,280.75 -8,048.41 -6,173.54 -4,238.13 -5,279.69 0
EBITDA -6,280.75 -8,048.41 -6,173.54 -4,238.13 -5,279.69 0
EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Average Shares Outstanding Basic 51,217.18 36,398.58 30,866.61 0 30,841.11 30,828.79
Average Shares Outstanding Diluted 51,217.18 36,398.58 30,866.61 0 30,841.11 30,828.79
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -1,421.17 -4,405.68 -4,954.51 -8,450.30 -201.55
   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 -1,421.17 -4,405.68 -4,954.51 -8,450.30 -201.55
Investing Cash Flow 18.43 -101.51 -499.56 -786.49 5,207.96
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -9.15 -63.21 -499.56 -87.69 -55.55
   Net Purchase/Sale of Investments Net 0 0 0 -2,272.24 5,263.38
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 27.58 0 0 1,573.44 0.13
Financing Cash Flow -197.16 1,768.07 1,166.49 -12.24 781.43
   Net Issuance/Repayment of Debt -197.16 1,768.07 1,166.49 -12.24 781.43
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 0.00 0.00
Net Change in Cash -1,599.90 -2,739.12 -4,287.59 -9,249.03 5,787.84
   Cash at Beginning of Period 6,091.09 8,738.34 12,960.49 22,831.75 16,426.74
   Cash at End of Period 4,539.36 6,091.09 8,738.34 12,960.49 22,831.75
Free Cash Flow -1,518.45 -4,525.99 -5,474.41 -8,575.97 -258.87