Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -0.22 -0.11 -0.10 -0.55
Price to Sales 0.17 0.10 0.06 0.25
Book Value Per Common Share 1.25 1.64 2.09 2.29
Price to Book 3.67 1.39 0.88 2.99
Price to Operating Cash Flow -0.58 0.12 -0.13 1.91
Price to Free Cash Flow -0.53 0.12 -0.12 3.50
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -18.96 -5.78 -3.63 -0.38 -2.64
Price to Sales 0.87 0.48 0.50 0.59 0.67
Book Value Per Common Share 58.68 1.20 1.22 1.25 1.45
Price to Book 0.14 3.90 3.49 3.67 2.94
Price to Operating Cash Flow
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
Revenue YoY 20.52 -24.27 12.68
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 -2.66 13.98 9.24 23.43
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 60.99 68.63 57.91 64.57
Quick Ratio 1.16 1.21 1.21 1.56
Current Ratio 1.23 1.27 1.76 1.92
Debt to Equity 1.49 1.12 0.66 0.48
Long-Term Debt to Equity 0.10 0.09 0.08 0.08
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 51.61 66.52 56.06 60.60 50.72
Quick Ratio 0.84 0.90 0.88 1.16 0.76
Current Ratio 1.27 1.25 1.28 1.23 1.26
Debt to Equity 1.28 1.42 1.24 1.49 1.17
Long-Term Debt to Equity 0.10 0.10 0.10 0.10 0.09

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -11.36 -10.70 -10.16 -7.09
ROE -28.34 -22.66 -16.82 -10.51
Gross Margin 67.57 65.36 71.43 67.16
Operating Margin -35.24 -31.34 -25.52 -29.26
EBITDA Margin -28.87 -26.08 -19.52 -22.78
Net Profit Margin -77.51 -90.07 -59.07 -45.01
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -0.22 -0.43 -0.68 -6.81 -0.86
ROE -0.50 -1.05 -1.53 -16.97 -1.87
Gross Margin 74.60 76.14 73.16 72.87 67.87
Operating Margin 1.37 -3.75 -10.24 -22.88 -37.49
EBITDA Margin 1.37 -3.75 -10.24 -22.88 -37.49
Net Profit Margin -3.82 -7.67 -12.88 -158.01 -24.42

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 5,504,301.00 5,633,184.00 5,139,419.00 4,978,318.00
   Current Assets 3,779,680.00 3,466,910.00 3,123,695.00 2,598,487.00
      Cash and Short-Term Investments 1,833,366.00 2,021,214.00 1,671,981.00 1,846,739.00
            Cash and Cash Equivalents 1,833,031.00 2,020,191.00 1,515,799.00 1,583,926.00
            Short-Term Investments 335.00 1,023.00 156,182.00 262,813.00
      Net Receivables 1,732,247.00 1,278,235.00 482,873.00 271,638.00
      Inventory 59,245.00 40,573.00 16,695.00 15,415.00
      Other Current Assets 154,822.00 126,888.00 952,146.00 464,695.00
   Non-Current Assets 1,724,621.00 2,166,274.00 2,015,724.00 2,379,831.00
      Property, Plant, Equipment Net 77,887.00 84,335.00 98,306.00 146,975.00
      Goodwill 424,099.00 576,989.00 0 0
      Intangible Assets 190,665.00 218,559.00 8,430.00 10,052.00
      Long-Term Investments 808,704.00 894,127.00 1,792,331.00 1,994,397.00
      Non-Current Deferred Assets 128,581.00 188,503.00 19,337.00 14,384.00
      Other Non-Current Assets 94,685.00 203,761.00 97,320.00 0
Liabilities 3,297,175.00 2,972,628.00 2,034,633.00 1,618,175.00
   Current Liabilities 3,081,781.00 2,728,145.00 1,778,527.00 1,353,894.00
      Payables and Expenses 2,526,509.00 2,266,486.00 1,369,110.00 986,591.00
            Account Payables 219,566.00 170,185.00 132,994.00 134,879.00
            Current Accrued Liabilities 490,118.00 441,420.00 274,353.00 200,419.00
      Short-Term Debt 12,682.00 18,295.00 14,384.00 17,452.00
      Other Current Liabilities 542,590.00 443,364.00 395,033.00 349,851.00
   Non-Current Liabilities 215,394.00 244,483.00 256,106.00 264,281.00
      Long-Term Debt 12,928.00 17,699.00 27,090.00 30,677.00
      Other Non-Current Liabilities 202,466.00 226,784.00 229,016.00 233,604.00
Equity 2,207,126.00 2,660,556.00 3,104,786.00 3,360,143.00
   Shareholders Equity 1,900,598.00 2,455,871.00 3,033,331.00 3,279,126.00
      Capital Stock 248.00 244.00 236.00 235.00
      Share Premium 2,722,504.00 2,711,875.00 2,688,571.00 2,685,544.00
      Retained Earnings -1,232,577.00 -613,102.00 -9,424.00 505,085.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 410,423.00 356,854.00 353,948.00 88,262.00
   Minority Interest 306,528.00 204,685.00 71,455.00 81,017.00
Debt 25,610.00 35,994.00 41,474.00 48,129.00
Common Shares Outstanding 1,515,787.13 1,494,169.39 1,449,473.69 1,432,731.35
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 806,877.00 669,503.00 884,066.00 784,616.00
Cost Of Revenue 261,682.00 231,940.00 252,561.00 257,656.00
Interest Income 44,422.00 60,978.00 35,710.00 25,391.00
Non-Interest Expense 586,806.00 472,060.00 691,190.00 562,142.00
Gross Profit 545,195.00 437,563.00 631,505.00 526,960.00
Operating Expenses 829,560.00 647,400.00 857,096.00 756,531.00
   Selling, General and Administrative Expenses 586,806.00 472,060.00 691,190.00 562,142.00
   Research and Development Expenses 243,391.00 178,207.00 180,957.00 211,594.00
   Other Operating Expenses -637.00 -2,867.00 -15,051.00 -17,205.00
Operating Income -284,365.00 -209,837.00 -225,591.00 -229,571.00
Net Non-Operating Income -139,769.00 -477,370.00 -260,465.00 -159,679.00
EBT -554,328.00 -637,650.00 -545,780.00 -339,571.00
Income Tax 47,258.00 -43,781.00 -25,089.00 13,633.00
Net Income Including Non-Controlling Interests -601,586.00 -593,869.00 -520,691.00 -353,204.00
Net Income Non-Controlling Interests -15,971.00 -9,029.00 7,216.00 2,078.00
Net Income -625,398.00 -603,005.00 -522,190.00 -353,135.00
EBIT -284,365.00 -209,837.00 -225,591.00 -229,571.00
Deprecation and Amortization 51,453.00 35,262.00 53,025.00 50,822.00
EBITDA -232,912.00 -174,575.00 -172,566.00 -178,749.00
EPS -0.02 -0.02 -0.02 -0.01
Diluted EPS -0.02 -0.02 -0.02 -0.01
Average Shares Outstanding Basic 30,061.10 29,452.31 28,873.65 28,601.05
Average Shares Outstanding Diluted 30,061.10 29,452.31 28,873.65 28,601.05
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -238,323.00 550,462.00 -424,249.00 102,811.00
   Operating Net Income -601,586.00 -593,869.00 -520,691.00 -353,204.00
   Deprecation and Amortization 51,453.00 35,262.00 53,025.00 50,822.00
   Deferred Income Tax 48,185.00 -44,631.00 -12,881.00 920.00
   Share Based Compensation 26,101.00 33,554.00 7,863.00 7,150.00
   Change in Working Capital -114,193.00 612,196.00 -342,537.00 240,529.00
   Other Operating Activities 351,717.00 507,950.00 390,972.00 156,594.00
Investing Cash Flow -34,090.00 -49,061.00 189,052.00 220,836.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -19,274.00 22,071.00 733.00 -46,619.00
   Net Purchase/Sale of Investments Net -14,816.00 169,363.00 190,319.00 274,364.00
   Net Purchase/Sale of Business 0 -238,148.00 0 45,043.00
   Other Investing Activities 0.00 -2,347.00 -2,000.00 -51,952.00
Financing Cash Flow 69,113.00 -6,778.00 -4,866.00 -9,640.00
   Net Issuance/Repayment of Debt -5,000.00 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0 0 -9,640.00
Net Change in Cash -203,300.00 494,623.00 -240,063.00 314,007.00
   Cash at Beginning of Period 2,020,191.00 1,516,495.00 1,584,707.00 1,300,455.00
   Cash at End of Period 1,833,031.00 2,020,191.00 1,516,495.00 1,584,707.00
Free Cash Flow -261,150.00 540,782.00 -431,032.00 55,993.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 4,980,646.00 5,240,169.00 4,903,482.00 5,504,301.00 5,433,444.00
   Current Assets 3,283,638.00 3,576,745.00 3,208,421.00 3,779,680.00 3,409,278.00
      Cash and Short-Term Investments 1,598,174.00 2,019,934.00 1,699,558.00 1,833,366.00 1,530,838.00
            Cash and Cash Equivalents 1,597,311.00 2,019,598.00 1,699,237.00 1,833,031.00 1,530,493.00
            Short-Term Investments 863.00 336.00 321.00 335.00 345.00
      Net Receivables 570,260.00 554,822.00 502,556.00 1,732,247.00 525,973.00
      Inventory 0 0 0 59,245.00 0
      Other Current Assets 0 0 0 154,822.00 0
   Non-Current Assets 1,697,008.00 1,663,424.00 1,695,061.00 1,724,621.00 2,024,166.00
      Property, Plant, Equipment Net 59,864.00 62,536.00 64,936.00 77,887.00 84,361.00
      Goodwill 460,034.00 424,099.00 424,099.00 424,099.00 576,989.00
      Intangible Assets 205,660.00 176,758.00 183,518.00 190,665.00 197,152.00
      Long-Term Investments 761,408.00 791,238.00 813,119.00 808,704.00 885,852.00
      Non-Current Deferred Assets 119,725.00 127,696.00 124,493.00 128,581.00 193,229.00
      Other Non-Current Assets 90,317.00 81,097.00 84,896.00 94,685.00 86,583.00
Liabilities 2,795,273.00 3,074,717.00 2,716,491.00 3,297,175.00 2,927,018.00
   Current Liabilities 2,585,628.00 2,866,519.00 2,505,052.00 3,081,781.00 2,704,411.00
      Payables and Expenses 2,585,628.00 2,866,519.00 2,505,052.00 2,526,509.00 2,704,411.00
            Account Payables 207,356.00 227,013.00 220,088.00 219,566.00 176,321.00
            Current Accrued Liabilities 2,309,513.00 2,576,527.00 2,178,388.00 490,118.00 2,405,699.00
      Short-Term Debt 0 0 0 12,682.00 0
      Other Current Liabilities 0 0 0 542,590.00 0
   Non-Current Liabilities 209,645.00 208,198.00 211,439.00 215,394.00 222,607.00
      Long-Term Debt 0 0 0 12,928.00 0
      Other Non-Current Liabilities 0 0 0 202,466.00 0
Equity 2,185,373.00 2,165,452.00 2,186,991.00 2,207,126.00 2,506,426.00
   Shareholders Equity 1,816,926.00 1,839,241.00 1,876,167.00 1,900,598.00 2,204,006.00
      Capital Stock 254.00 249.00 248.00 248.00 247.00
      Share Premium 2,724,880.00 2,724,540.00 2,730,456.00 2,722,504.00 2,719,399.00
      Retained Earnings -1,299,551.00 -1,288,577.00 -1,265,934.00 -1,232,577.00 -865,405.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 391,343.00 403,029.00 411,397.00 410,423.00 349,765.00
   Minority Interest 368,447.00 326,211.00 310,824.00 306,528.00 302,420.00
Debt 0 0 0 25,610.00 0
Common Shares Outstanding 0 1,534,534.24 1,534,534.24 1,515,787.13 1,515,787.13
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 287,369.00 295,218.00 259,006.00 237,089.00 192,083.00
Cost Of Revenue 73,005.00 70,426.00 69,505.00 64,317.00 61,714.00
Interest Income 9,560.00 9,980.00 5,605.00 9,862.00 9,471.00
Non-Interest Expense 142,976.00 169,061.00 157,462.00 161,132.00 136,387.00
Gross Profit 214,364.00 224,792.00 189,501.00 172,772.00 130,369.00
Operating Expenses 210,432.00 235,855.00 216,036.00 227,015.00 202,378.00
   Selling, General and Administrative Expenses 142,976.00 169,061.00 157,462.00 161,132.00 136,387.00
   Research and Development Expenses 67,962.00 67,083.00 61,244.00 65,506.00 66,269.00
   Other Operating Expenses -506.00 -289.00 -2,670.00 377.00 -278.00
Operating Income 3,932.00 -11,063.00 -26,535.00 -54,243.00 -72,009.00
Net Non-Operating Income -12,318.00 -17,844.00 -4,009.00 -82,300.00 1,738.00
EBT 9,802.00 -12,578.00 -23,289.00 -311,807.00 -39,449.00
Income Tax 13,506.00 3,865.00 4,820.00 51,064.00 2,387.00
Net Income Including Non-Controlling Interests -3,704.00 -16,443.00 -28,109.00 -362,871.00 -41,836.00
Net Income Non-Controlling Interests -7,270.00 -6,200.00 -5,248.00 -3,913.00 -5,061.00
Net Income -10,974.00 -22,643.00 -33,357.00 -374,625.00 -46,897.00
EBIT 3,932.00 -11,063.00 -26,535.00 -54,243.00 -72,009.00
EBITDA 3,932.00 -11,063.00 -26,535.00 -54,243.00 -72,009.00
EPS -0.00 -0.00 -0.00 -0.01 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.01 -0.00
Average Shares Outstanding Basic 30,964.97 30,367.64 30,315.74 30,254.14 30,181.16
Average Shares Outstanding Diluted 30,964.97 30,367.64 30,315.74 30,254.14 30,181.16
Breakdown
Operating Cash Flow
   Operating Net Income
   Deprecation and Amortization
   Deferred Income Tax
   Share Based Compensation
   Change in Working Capital
   Other Operating Activities
Investing Cash Flow
   Capital Expenditure
   Net Purchase/Sale of PPE
   Net Purchase/Sale of Investments Net
   Net Purchase/Sale of Business
   Other Investing Activities
Financing Cash Flow
   Net Issuance/Repayment of Debt
   Net Issuance/Repurchase of Equity
   Dividends Paid
   Other Financing Activities
Net Change in Cash
   Cash at Beginning of Period
   Cash at End of Period
Free Cash Flow