Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 17.72 -24.22
Price to Sales 5.32 11.11
Book Value Per Common Share 15.70 14.37 17.17 14.85
Price to Book 3.22 2.83
Price to Operating Cash Flow -23.84 71.76
Price to Free Cash Flow -21.63 106.32
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 57.75 121.08 85.58 25.78
Price to Sales 39.37 18.95 23.51 23.40 11.87
Book Value Per Common Share 15.60 16.33 15.45 15.70 15.51
Price to Book 4.02 3.15 2.82 3.22 2.78
Price to Operating Cash Flow -8.65 20.99 -44.50 -51.15 -28.93
Price to Free Cash Flow -8.57 21.42 -42.49 -47.55 -27.93
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -59.50
Revenue YoY 156.94 -60.53 -39.35
EBITDA YoY
Net Profit YoY -58.82
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 147.22 -38.98 -64.67
Revenue YoY -41.33 46.63 -13.59 -40.41
EBITDA YoY
Net Profit YoY -99.72 145.92 -38.36 -64.60

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share
Quick Ratio
Current Ratio
Debt to Equity 2.64 2.66 2.14 2.72
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share
Quick Ratio
Current Ratio
Debt to Equity 2.95 2.73 2.77 2.64 2.58
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 4.42 -2.87 5.72 14.00
ROE 16.08 -10.52 17.96 52.13
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 29.99 -45.94 36.51 53.77
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.00 1.28 0.54 0.91 2.63
ROE 0.01 4.76 2.04 3.32 9.40
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 0.16 32.71 19.50 27.34 46.02

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00
Dividend Payout Ratio 49.29 -81.80 36.21 11.96
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield 0.00 0.00 0.00 0.00 0.00
Dividend Payout Ratio 14055.56 39.51 97.23 59.36 21.07

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 23,103,500.00 21,176,000.00 21,403,000.00 21,250,400.00
      Cash and Short-Term Investments 0 0 0 0
            Cash and Cash Equivalents 2,096,400.00 1,786,300.00 1,569,700.00 2,617,300.00
            Short-Term Investments 0 0 0 0
      Net Receivables 1,042,700.00 832,600.00 681,300.00 518,400.00
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 526,700.00 493,700.00 476,900.00 505,000.00
      Goodwill 103,600.00 104,000.00 103,900.00 13,300.00
      Intangible Assets 530,500.00 662,100.00 793,900.00 21,600.00
      Long-Term Investments 18,719,100.00 17,208,400.00 17,682,300.00 17,493,000.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 16,755,900.00 15,391,500.00 14,581,700.00 15,544,200.00
      Payables and Expenses 0 0 0 0
            Account Payables 0 0 369,200.00 379,700.00
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 0 0 0 0
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 9,496,300.00 9,255,600.00 8,679,800.00 8,499,400.00
      Other Non-Current Liabilities 0 0 0 0
Equity 6,347,600.00 5,784,500.00 6,821,300.00 5,706,200.00
   Shareholders Equity 5,606,900.00 5,191,400.00 6,221,000.00 5,279,000.00
      Capital Stock 3,600.00 3,600.00 3,600.00 3,600.00
      Share Premium 3,892,300.00 3,403,000.00 3,138,500.00 2,717,600.00
      Retained Earnings 2,040,800.00 2,082,100.00 3,401,100.00 2,805,300.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 740,700.00 593,100.00 600,300.00 427,200.00
Debt 9,496,300.00 9,255,600.00 8,679,800.00 8,499,400.00
Net Debt 6,911,300.00 6,981,200.00 6,607,200.00 5,344,300.00
Common Shares Outstanding 357,183.63 361,326.17 362,298.65 355,400.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 3,402,400.00 1,324,200.00 3,355,300.00 5,531,800.00
Interest Income 795,800.00 724,500.00 418,200.00 322,000.00
Interest Expense 685,900.00 542,900.00 322,000.00 291,800.00
Non-Interest Expense 665,600.00 652,100.00 575,800.00 431,700.00
Operating Expenses 2,008,700.00 1,925,100.00 1,782,800.00 1,504,300.00
   Selling, General and Administrative Expenses 665,600.00 652,100.00 575,800.00 431,700.00
   Other Operating Expenses -300.00 200.00 1,000.00 1,500.00
EBT 1,393,700.00 -600,900.00 1,572,500.00 4,027,500.00
Income Tax 302,600.00 -104,200.00 287,800.00 982,300.00
Net Income Including Non-Controlling Interests 1,091,100.00 -496,700.00 1,284,700.00 3,045,200.00
Net Income Non-Controlling Interests -70,700.00 -111,700.00 -59,700.00 -70,500.00
Net Income 1,020,400.00 -608,400.00 1,225,000.00 2,974,700.00
Deprecation and Amortization 184,100.00 180,600.00 147,400.00 52,000.00
EPS 0.00 -0.00 0.00 0.01
Diluted EPS 0.00 -0.00 0.00 0.01
Average Shares Outstanding Basic 358,600.00 361,395.82 361,278.06 355,241.65
Average Shares Outstanding Diluted 368,000.00 361,395.82 365,707.72 362,574.56
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -759,500.00 204,900.00 -379,300.00 1,791,000.00
   Operating Net Income 1,091,100.00 -496,700.00 1,284,700.00 3,045,200.00
   Deprecation and Amortization 0 0 0 0
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 0 0
   Change in Working Capital -44,000.00 -533,200.00 -698,300.00 954,900.00
   Other Operating Activities -1,806,600.00 1,234,800.00 -965,700.00 -2,209,100.00
Investing Cash Flow -77,600.00 -43,600.00 -828,800.00 -32,200.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -77,700.00 -66,600.00 -659,000.00 -41,400.00
   Net Purchase/Sale of Investments Net 100.00 23,000.00 -19,600.00 0
   Net Purchase/Sale of Business 0 0 -150,200.00 9,200.00
   Other Investing Activities 0.00 0.00 0.00 0.00
Financing Cash Flow 682,800.00 -99,600.00 114,800.00 -242,500.00
   Net Issuance/Repayment of Debt 1,705,200.00 695,400.00 680,700.00 286,300.00
   Net Issuance/Repurchase of Equity 0 0 0 -157,000.00
   Dividends Paid -503,000.00 -497,700.00 -443,600.00 -355,800.00
   Other Financing Activities 0 0 0 -16,000.00
Net Change in Cash -154,300.00 61,700.00 -1,093,300.00 1,516,300.00
   Cash at Beginning of Period 1,442,100.00 1,361,500.00 2,475,100.00 989,600.00
   Cash at End of Period 1,266,500.00 1,442,100.00 1,361,500.00 2,475,100.00
Free Cash Flow -837,200.00 138,300.00 -1,038,300.00 1,749,600.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 27,055,900.00 25,067,800.00 24,095,500.00 23,103,500.00 22,658,400.00
      Cash and Short-Term Investments 0 0 0 0 0
            Cash and Cash Equivalents 3,259,000.00 1,738,900.00 1,761,200.00 2,096,400.00 1,865,300.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 1,000,600.00 1,043,300.00 1,018,500.00 1,042,700.00 975,500.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 539,700.00 542,800.00 544,300.00 526,700.00 527,700.00
      Goodwill 104,600.00 104,500.00 103,900.00 103,600.00 104,100.00
      Intangible Assets 435,400.00 469,100.00 499,300.00 530,500.00 566,500.00
      Long-Term Investments 21,598,700.00 21,060,600.00 20,069,700.00 18,719,100.00 18,522,900.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 20,210,800.00 18,350,200.00 17,710,300.00 16,755,900.00 16,323,000.00
      Payables and Expenses 0 0 0 0 0
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0
      Long-Term Debt 12,663,300.00 10,705,100.00 10,458,900.00 9,496,300.00 9,247,000.00
      Other Non-Current Liabilities 0 0 0 0 0
Equity 6,845,100.00 6,717,600.00 6,385,200.00 6,347,600.00 6,335,400.00
   Shareholders Equity 5,619,600.00 5,860,500.00 5,577,400.00 5,606,900.00 5,546,700.00
      Capital Stock 3,600.00 3,600.00 3,600.00 3,600.00 3,600.00
      Share Premium 4,194,700.00 4,096,400.00 3,997,700.00 3,892,300.00 3,774,500.00
      Retained Earnings 1,617,800.00 1,950,000.00 1,864,800.00 2,040,800.00 2,034,500.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 1,225,500.00 857,100.00 807,800.00 740,700.00 788,700.00
Debt 12,663,300.00 10,705,100.00 10,458,900.00 9,496,300.00 9,247,000.00
Net Debt 8,924,700.00 8,472,500.00 8,196,600.00 6,911,300.00 6,877,100.00
Common Shares Outstanding 360,136.51 358,961.91 360,881.68 357,183.63 357,681.26
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 573,400.00 977,300.00 666,500.00 771,300.00 1,294,400.00
Interest Income 200,500.00 197,500.00 173,600.00 184,000.00 210,200.00
Interest Expense 207,100.00 198,800.00 141,300.00 155,700.00 192,300.00
Non-Interest Expense 180,700.00 205,500.00 173,600.00 153,400.00 176,600.00
Operating Expenses 487,600.00 536,700.00 495,500.00 505,900.00 505,600.00
   Selling, General and Administrative Expenses 180,700.00 205,500.00 173,600.00 153,400.00 176,600.00
   Other Operating Expenses 0 -100.00 0 -100.00 -100.00
EBT 85,800.00 440,600.00 171,000.00 265,400.00 788,800.00
Income Tax -26,700.00 112,500.00 12,400.00 38,100.00 173,100.00
Net Income Including Non-Controlling Interests 112,500.00 328,100.00 158,600.00 227,300.00 615,700.00
Net Income Non-Controlling Interests -111,600.00 -8,400.00 -28,600.00 -16,400.00 -20,000.00
Net Income 900.00 319,700.00 130,000.00 210,900.00 595,700.00
Deprecation and Amortization 48,500.00 47,700.00 46,900.00 47,100.00 46,200.00
EPS 0 0.00 0.00 0.00 0.00
Diluted EPS 0 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 360,065.84 360,359.24 359,464.27 357,400.00 356,706.59
Average Shares Outstanding Diluted 376,487.71 366,967.20 366,336.89 370,900.00 365,460.12
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -2,610,600.00 882,300.00 -352,100.00 -352,800.00 -530,900.00
   Operating Net Income 134,400.00 306,200.00 158,600.00 227,300.00 624,100.00
   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 551,500.00 -238,200.00 178,000.00 -32,600.00 314,800.00
   Other Operating Activities -3,296,500.00 814,300.00 -688,700.00 -547,500.00 -1,469,800.00
Investing Cash Flow -23,200.00 -17,500.00 -16,700.00 -26,700.00 -14,000.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -23,200.00 -17,500.00 -16,700.00 -26,700.00 -19,100.00
   Net Purchase/Sale of Investments Net 0 0 0 0 5,100.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 0 0 0.00 0.00
Financing Cash Flow 3,530,900.00 -812,100.00 296,600.00 312,100.00 978,000.00
   Net Issuance/Repayment of Debt 3,585,800.00 -584,900.00 559,900.00 557,500.00 1,183,700.00
   Net Issuance/Repurchase of Equity -202,700.00 -103,600.00 -176,500.00 -75,800.00 -150,500.00
   Dividends Paid -126,500.00 -126,300.00 -126,400.00 -125,200.00 -125,500.00
   Other Financing Activities 274,300.00 2,700.00 39,600.00 -44,400.00 70,300.00
Net Change in Cash 897,100.00 52,700.00 -72,200.00 -67,400.00 433,100.00
   Cash at Beginning of Period 1,276,900.00 1,199,300.00 1,266,500.00 1,378,900.00 917,100.00
   Cash at End of Period 2,226,400.00 1,276,900.00 1,199,300.00 1,266,500.00 1,378,900.00
Free Cash Flow -2,633,800.00 864,800.00 -368,800.00 -379,500.00 -550,000.00