Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -33.14 -41.30 -3.50
Price to Sales 9.91 8.22 45.90
Book Value Per Common Share 1.94 1.69 1.39 1.42
Price to Book 2.39 2.45 0.40 3.26
Price to Operating Cash Flow -17.13 -11.06 -6.64
Price to Free Cash Flow -6.56 -9.04 -0.56
Enterprise Value to EBITDA 266442.18 302652.01
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 2021-03-31
Price to Earnings -1259.00 -39.83 -20.91 -14.88 -83.00 39.62
Price to Sales 69.02 41.14 16.94 53.45 35.44 31.73
Book Value Per Common Share 1.99 1.94 1.98 1.94 1.93 2.10 1.96 1.69 0.76
Price to Book 6.33 2.47 1.16 2.39 2.00 1.97 2.63 2.45
Price to Operating Cash Flow -17.56 -57.35
Price to Free Cash Flow -8.57 -43.98
Enterprise Value to EBITDA 866335.63 49563498.88 1475482.15 65251112.16 249154.28

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 19.26 4076.56
EBITDA YoY 53.86
Net Profit YoY
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 2021-03-31
Earning YoY
Revenue YoY 64.60 -11.02 15.95 -34.52 -23.53
EBITDA YoY 15235.12 -93.55 -90.21 -99.67
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.02 0.34 0.05 0.84
Quick Ratio 0.05 2.55 0.33
Current Ratio 1.28 4.60 1.18 448.22
Debt to Equity 0.25 0.15 0.22 0.00
Long-Term Debt to Equity 0.06 0.08 0.10 0.00
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 2021-03-31
Cash Per Common Share 3.07 0.17 0.06 0.02 0.08 0.39 0.30 0.30 0.09
Quick Ratio 2.12 1.22 0.17 0.05 0.43 3.37 2.88 2.55
Current Ratio 2.49 4.18 1.11 1.28 2.57 8.49 8.08 4.60 2.22
Debt to Equity 2.63 0.36 0.24 0.25 0.15 0.12 0.13 0.15 0.11
Long-Term Debt to Equity 1.90 0.29 0.05 0.06 0.07 0.07 0.08 0.08 0.11

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -5.22 -4.55 -9.33
ROE -6.55 -5.25 -11.39
Gross Margin 58.77 60.34 75.37
Operating Margin -28.17 -15.93 -1220.81
EBITDA Margin 40.38 31.30 -1051.23
Net Profit Margin -29.51 -20.32 -1285.91
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 2021-03-31
ROA -0.12 -4.49 -4.27 -11.19 -1.97 5.89 -4.93
ROE -0.42 -6.11 -5.30 -12.91 -2.21 6.64 -5.48
Gross Margin 62.72 64.81 69.58 37.50 61.20 69.21
Operating Margin -3.21 -100.37 -77.73 -374.28 -39.10 95.28
EBITDA Margin 79.77 0.86 11.81 -255.21 0.57 131.63
Net Profit Margin -4.58 -105.09 -79.61 -359.95 -41.54 82.89

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 2024-06-30 2024-03-31 2023-12-31 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 855,446.00 566,137.00 418,463.00 354,167.00
   Current Assets 168,205.00 155,498.00 47,735.00 223,660.00
      Cash and Short-Term Investments 5,585.00 86,105.00 11,927.00 209,841.00
            Cash and Cash Equivalents 5,585.00 86,105.00 11,927.00 209,841.00
            Short-Term Investments 0 0 0 0
      Net Receivables 596.00 200.00 1,200.00 0
      Inventory 0 0 6,283.00 0
      Other Current Assets 162,024.00 69,193.00 28,325.00 13,819.00
   Non-Current Assets 687,241.00 410,639.00 370,728.00 130,507.00
      Property, Plant, Equipment Net 493,426.00 250,892.00 269,293.00 119,981.00
      Goodwill 0 0 0 0
      Intangible Assets 8,881.00 8,109.00 596.00 0
      Long-Term Investments 53,908.00 35,258.00 37,478.00 0
      Non-Current Deferred Assets 0 0 0 174.00
      Other Non-Current Assets 131,026.00 116,380.00 63,361.00 0
Liabilities 173,493.00 74,801.00 75,571.00 636.00
   Current Liabilities 131,778.00 33,793.00 40,326.00 499.00
      Payables and Expenses 92,523.00 23,993.00 36,167.00 495.00
            Account Payables 22,699.00 1,554.00 17,369.00 242.00
            Current Accrued Liabilities 69,824.00 22,439.00 0 253.00
      Short-Term Debt 39,255.00 4,570.00 3,936.00 0
      Other Current Liabilities 0.00 5,230.00 223.00 0
   Non-Current Liabilities 41,715.00 41,008.00 35,245.00 137.00
      Long-Term Debt 17,164.00 17,408.00 16,723.00 0
      Other Non-Current Liabilities 24,551.00 23,600.00 18,522.00 137.00
Equity 681,953.00 491,336.00 342,892.00 353,531.00
   Shareholders Equity 681,953.00 491,336.00 342,892.00 353,531.00
      Capital Stock 361.00 296.00 251.00 252.00
      Share Premium 863,015.00 627,822.00 453,854.00 425,438.00
      Retained Earnings -181,412.00 -136,777.00 -111,209.00 -72,156.00
      Treasury Shares -11.00 -5.00 4.00 3.00
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 0 0 0 0
Investments 53,908.00 35,258.00 0 0
Debt 56,419.00 21,978.00 20,659.00 0
Net Debt 50,834.00 0 0 0
Common Shares Outstanding 350,783.82 290,957.86 247,551.96 249,279.42
Breakdown 2024-12-31 2023-12-31 2022-12-31
Revenues 151,270.00 126,842.00 3,037.00
Cost Of Revenue 62,364.00 50,309.00 748.00
Interest Income 5,092.00 2,163.00 215.00
Interest Expense 1,708.00 1,999.00 137.00
Net Interest 3,384.00 164.00 0
Non-Interest Expense 0 0 70,836.00
Gross Profit 88,906.00 76,533.00 2,289.00
Operating Expenses 132,605.00 96,648.00 74,756.00
   Selling, General and Administrative Expenses 32,655.00 85,195.00 70,836.00
   Other Operating Expenses 99,950.00 11,453.00 -458.00
Operating Income -43,699.00 -20,115.00 -72,467.00
Net Non-Operating Income -618.00 -2,095.00 0
EBT -44,317.00 -22,210.00 -37,213.00
Income Tax 318.00 3,567.00 1,840.00
Equity Method Investments Income 384.00 2,530.00 0
Net Income Including Non-Controlling Interests 0 0 -39,053.00
Net Income -44,635.00 -25,777.00 -39,053.00
EBIT -42,609.00 -20,211.00 -37,076.00
Deprecation and Amortization 103,697.00 59,915.00 5,150.00
EBITDA 61,088.00 39,704.00 -31,926.00
EPS -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00
Average Shares Outstanding Basic 323,103.30 252,439.46 248,227.46
Average Shares Outstanding Diluted 323,103.30 252,439.46 248,227.46
Breakdown 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow -87,511.00 -94,241.00 -20,915.00
   Operating Net Income -44,635.00 -25,777.00 -39,053.00
   Deprecation and Amortization 103,697.00 59,915.00 5,150.00
   Deferred Income Tax -937.00 3,366.00 1,840.00
   Share Based Compensation 42,132.00 38,470.00 41,504.00
   Change in Working Capital 14,873.00 -16,046.00 822.00
   Other Operating Activities -202,641.00 -154,169.00 -31,178.00
Investing Cash Flow -192,129.00 52,755.00 -173,909.00
   Capital Expenditure -140,918.00 -21,114.00 0
   Net Purchase/Sale of PPE -140,918.00 -21,114.00 -227,322.00
   Net Purchase/Sale of Investments Net 0 0 0
   Net Purchase/Sale of Business -37,123.00 -3,545.00 0
   Other Investing Activities 126,830.00 98,528.00 53,413.00
Financing Cash Flow 213,512.00 115,664.00 -3,090.00
   Net Issuance/Repayment of Debt 19,459.00 -12,878.00 0
   Net Issuance/Repurchase of Equity 252,822.00 139,750.00 -3,090.00
   Dividends Paid 0 0 0
   Other Financing Activities -58,769.00 -11,208.00 0.00
Net Change in Cash -66,128.00 74,178.00 -197,914.00
   Cash at Beginning of Period 86,105.00 11,927.00 209,841.00
   Cash at End of Period 19,977.00 86,105.00 11,927.00
Free Cash Flow -228,429.00 -115,355.00 -248,833.00
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 2021-03-31
Assets 2,840,866.00 1,018,759.00 913,792.00 855,446.00 775,438.00 775,592.00 677,141.00 566,137.00 170,977.83
   Current Assets 1,419,479.00 219,663.00 154,557.00 168,205.00 151,759.00 309,399.00 250,230.00 155,498.00 912.83
      Cash and Short-Term Investments 1,207,440.00 62,704.00 23,173.00 5,585.00 25,342.00 122,557.00 88,675.00 86,105.00 613.61
            Cash and Cash Equivalents 1,207,440.00 62,704.00 23,173.00 5,585.00 25,342.00 122,557.00 88,675.00 86,105.00 613.61
            Short-Term Investments 0 0 0 0 0 0 0 0 0
      Net Receivables 696.00 1,575.00 758.00 596.00 226.00 176.00 680.00 200.00 0
      Inventory 0 0 0 0 0 0 0 0 0
      Other Current Assets 211,343.00 155,384.00 130,626.00 162,024.00 126,191.00 186,666.00 160,875.00 69,193.00 299.23
   Non-Current Assets 1,421,387.00 799,096.00 759,235.00 687,241.00 623,679.00 466,193.00 426,911.00 410,639.00 170,065.00
      Property, Plant, Equipment Net 661,744.00 486,175.00 490,164.00 493,426.00 321,263.00 249,001.00 245,364.00 250,892.00 0
      Goodwill 0 0 0 0 0 0 0 0 0
      Intangible Assets 9,425.00 9,229.00 9,043.00 8,881.00 25,742.00 8,503.00 8,162.00 8,109.00 5,000.00
      Long-Term Investments 42,289.00 45,901.00 48,499.00 53,908.00 54,973.00 49,949.00 52,621.00 35,258.00 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 707,929.00 257,791.00 211,529.00 131,026.00 221,701.00 158,740.00 120,764.00 116,380.00 165,065.00
Liabilities 2,057,671.00 269,855.00 178,997.00 173,493.00 103,447.00 84,821.00 76,217.00 74,801.00 17,105.62
   Current Liabilities 570,247.00 52,506.00 138,741.00 131,778.00 59,092.00 36,445.00 30,980.00 33,793.00 410.78
      Payables and Expenses 50,011.00 45,051.00 96,179.00 92,523.00 53,918.00 31,588.00 26,181.00 23,993.00 410.78
            Account Payables 12,462.00 14,871.00 29,879.00 22,699.00 13,154.00 13,733.00 7,520.00 1,554.00 0
            Current Accrued Liabilities 37,549.00 30,180.00 66,300.00 69,824.00 40,764.00 17,855.00 18,661.00 22,439.00 0
      Short-Term Debt 7,646.00 7,455.00 42,562.00 39,255.00 5,174.00 4,857.00 4,799.00 4,570.00 0
      Other Current Liabilities 512,590.00 0.00 0.00 0.00 0.00 0.00 0.00 5,230.00 0.00
   Non-Current Liabilities 1,487,424.00 217,349.00 40,256.00 41,715.00 44,355.00 48,376.00 45,237.00 41,008.00 16,694.84
      Long-Term Debt 1,036,330.00 181,833.00 15,821.00 17,164.00 17,981.00 18,462.00 16,146.00 17,408.00 0
      Other Non-Current Liabilities 451,094.00 35,516.00 24,435.00 24,551.00 26,374.00 29,914.00 29,091.00 23,600.00 0
Equity 783,195.00 748,904.00 734,795.00 681,953.00 671,991.00 690,771.00 600,924.00 491,336.00 153,872.21
   Shareholders Equity 783,195.00 748,904.00 734,795.00 681,953.00 671,991.00 690,771.00 600,924.00 491,336.00 5,000.01
      Capital Stock 395.00 388.00 371.00 361.00 356.00 336.00 313.00 296.00 6.59
      Share Premium 1,052,253.00 1,014,686.00 954,812.00 863,015.00 870,565.00 802,610.00 697,494.00 627,822.00 12,313.30
      Retained Earnings -269,451.00 -266,168.00 -220,387.00 -181,412.00 -198,922.00 -112,168.00 -96,877.00 -136,777.00 -7,319.88
      Treasury Shares -2.00 -2.00 -1.00 -11.00 -8.00 -7.00 -6.00 -5.00 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0
Investments 42,289.00 45,901.00 48,499.00 53,908.00 54,973.00 49,949.00 52,621.00 35,258.00 0
Debt 1,043,976.00 189,288.00 58,383.00 56,419.00 23,155.00 23,319.00 20,945.00 21,978.00 0
Net Debt 0 126,584.00 35,210.00 50,834.00 0 0 0 0 0
Common Shares Outstanding 393,602.55 386,758.55 370,857.70 350,783.82 347,800.19 328,616.43 306,543.33 290,957.86 6,590.78
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2021-03-31
Revenues 71,707.00 43,565.00 48,959.00 42,223.00 24,102.00 36,808.00 48,137.00 0
Cost Of Revenue 26,733.00 15,330.00 14,894.00 18,200.00 15,063.00 14,281.00 14,820.00 0
Gross Profit 44,974.00 28,235.00 34,065.00 24,023.00 9,039.00 22,527.00 33,317.00 0
Operating Expenses 82,591.00 73,478.00 72,153.00 6,943.00 100,433.00 38,698.00 -13,469.00 942.29
   Selling, General and Administrative Expenses 8,167.00 9,078.00 8,951.00 9,294.00 8,919.00 8,365.00 6,077.00 0
   Other Operating Expenses 74,424.00 64,400.00 63,202.00 -2,351.00 91,514.00 30,333.00 -19,546.00 942.29
Operating Income -37,617.00 -45,243.00 -38,088.00 17,080.00 -91,394.00 -16,171.00 46,786.00 -942.29
Net Non-Operating Income 34,031.00 379.00 -743.00 -1,542.00 838.00 1,408.00 -1,322.00 0
Interest Income 1,743.00 1,433.00 967.00 947.00 1,534.00 1,425.00 1,186.00 0
Interest Expense 1,286.00 1,137.00 777.00 590.00 346.00 372.00 400.00 0.00
Net Interest 457.00 296.00 190.00 357.00 1,188.00 1,053.00 786.00 37.66
EBT -3,586.00 -44,864.00 -38,831.00 15,538.00 -90,556.00 -14,763.00 45,464.00 0
Income Tax 303.00 917.00 144.00 -9,576.00 3,802.00 528.00 5,564.00 0.00
Equity Method Investments Income 1,479.00 1,701.00 5,292.00 1,392.00 -847.00 577.00 -738.00 0
Net Income -3,283.00 -45,781.00 -38,975.00 17,510.00 -86,754.00 -15,291.00 39,900.00 -8,431.80
EBIT -2,300.00 -43,727.00 -38,054.00 16,128.00 -90,210.00 -14,391.00 45,864.00 0
Deprecation and Amortization 59,500.00 44,100.00 43,835.00 42,899.00 28,700.00 14,600.00 17,498.00 0.00
EBITDA 57,200.00 373.00 5,781.00 59,027.00 -61,510.00 209.00 63,362.00 0
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 0.00 0
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 0.00 0
Average Shares Outstanding Basic 393,191.62 375,052.25 360,514.62 348,737.93 332,680.04 314,353.74 296,641.50 0
Average Shares Outstanding Diluted 393,191.62 375,052.25 360,514.62 340,981.45 332,680.04 314,353.74 304,397.98 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2021-03-31
Operating Cash Flow 0 0 -47,238.00 -60,875.00 0 0 -26,636.00 -662.76
   Operating Net Income -3,283.00 -45,781.00 -38,975.00 17,510.00 -86,754.00 -15,291.00 39,900.00 -8,431.80
   Deprecation and Amortization 59,500.00 44,100.00 43,835.00 42,899.00 28,700.00 14,600.00 17,498.00 0
   Deferred Income Tax 464.00 -228.00 0 3,076.00 -4,013.00 0 0 0
   Share Based Compensation 0 0 9,132.00 33,815.00 0 0 8,317.00 0
   Change in Working Capital 0 0 -7,684.00 6,469.00 0 0 8,404.00 279.54
   Other Operating Activities 0 0 -53,546.00 -101,886.00 0 0 -100,755.00 7,489.51
Investing Cash Flow 0 0 -17,298.00 -161,172.00 0 0 -30,957.00 0
   Capital Expenditure 0.00 0.00 -49,522.00 -132,816.00 0.00 0.00 -8,102.00 0.00
   Net Purchase/Sale of PPE 0 0 -24,922.00 -132,816.00 0 0 -8,102.00 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 -7,276.00 -18,804.00 0 0 -18,319.00 0
   Other Investing Activities 0 0 64,422.00 123,264.00 0 0 3,566.00 0
Financing Cash Flow 0 0 82,124.00 153,349.00 0 0 60,163.00 0
   Net Issuance/Repayment of Debt 0 0 -911.00 20,667.00 0 0 -1,208.00 0
   Net Issuance/Repurchase of Equity 0 0 85,668.00 183,474.00 0 0 69,348.00 0
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities 0 0 -2,633.00 -50,792.00 0 0 -7,977.00 0
Net Change in Cash 0 0 17,588.00 -68,698.00 0 0 2,570.00 0
   Cash at Beginning of Period 0 0 19,977.00 88,675.00 0 0 86,130.00 0
   Cash at End of Period 1,221,219.00 77,096.00 37,565.00 19,977.00 39,734.00 122,600.00 88,700.00 0
Free Cash Flow 0 0 -96,760.00 -193,691.00 0 0 -34,738.00 0