Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 11.44
Price to Sales 0.72
Book Value Per Common Share 6.13 6.22 5.15 5.00
Price to Book 1.85
Price to Operating Cash Flow 7.22
Price to Free Cash Flow 18.17
Enterprise Value to EBITDA 38503.97
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 180.83 76.24 122.80 80.93 46.25
Price to Sales 3.08 3.44 4.00 2.90 2.98
Book Value Per Common Share 6.20 6.17 6.27 6.13 6.12
Price to Book 1.75 2.10 1.96 1.85 1.81
Price to Operating Cash Flow 20.58 20.98 94.61 8.36 17.55
Price to Free Cash Flow 34.87 31.15 -150.31 11.62 27.77
Enterprise Value to EBITDA 230034.05 204970.24 227677.75 173954.57 155277.62

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -44.38 18.67 18.11
Revenue YoY -19.65 4.82 20.80
EBITDA YoY -20.36 16.73 30.61
Net Profit YoY -45.23 12.12 17.76
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -64.71 70.00 -28.57 -41.67
Revenue YoY -6.62 23.07 -21.49 4.77
EBITDA YoY -25.66 17.36 -17.10 -8.96
Net Profit YoY -62.44 62.60 -24.28 -43.46

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 2.54 3.24 3.24 3.73
Quick Ratio 1.80 1.67 4.28 1.16
Current Ratio 2.16 2.03 5.27 2.21
Debt to Equity 4.53 4.68 4.65 6.21
Long-Term Debt to Equity 2.62 2.53 3.84 3.63
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 1.84 2.01 1.36 2.56 1.44
Quick Ratio 6.39 6.39 6.46 1.80 6.31
Current Ratio 7.88 7.81 7.96 2.16 7.89
Debt to Equity 4.52 4.58 4.28 4.53 4.67
Long-Term Debt to Equity 4.01 4.05 3.80 2.62 4.13

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 2.90 4.92 5.15 3.49
ROE 16.04 27.91 29.09 25.14
Gross Margin 32.70 31.79 28.68 27.63
Operating Margin 15.47 16.40 14.50 12.76
EBITDA Margin 18.52 18.68 16.78 15.52
Net Profit Margin 6.28 9.22 8.62 8.84
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.18 0.49 0.31 0.40 0.69
ROE 1.02 2.72 1.65 2.23 3.94
Gross Margin 31.92 32.24 32.89 31.85 32.75
Operating Margin 9.75 13.48 13.69 13.58 15.86
EBITDA Margin 13.37 16.79 17.61 16.67 19.19
Net Profit Margin 1.82 4.52 3.42 3.55 6.58

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00
Dividend Payout Ratio 48.72 23.65 20.85 10.91
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 1.25 150.23 0.76 4.05 1.96

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 42,933,000.00 46,267,000.00 39,381,000.00 49,416,000.00
   Current Assets 32,020,000.00 35,352,000.00 29,670,000.00 39,175,000.00
      Cash and Short-Term Investments 3,191,000.00 4,322,000.00 4,376,000.00 5,044,000.00
            Cash and Cash Equivalents 3,191,000.00 4,322,000.00 4,376,000.00 5,044,000.00
            Short-Term Investments 0 0 0 0
      Net Receivables 23,378,000.00 24,762,000.00 19,730,000.00 15,568,000.00
      Inventory 4,776,000.00 5,545,000.00 4,811,000.00 4,216,000.00
      Other Current Assets 675,000.00 723,000.00 753,000.00 14,347,000.00
   Non-Current Assets 10,913,000.00 10,915,000.00 9,711,000.00 10,241,000.00
      Property, Plant, Equipment Net 3,402,000.00 3,330,000.00 3,034,000.00 3,213,000.00
      Goodwill 3,584,000.00 3,614,000.00 3,322,000.00 3,210,000.00
      Intangible Assets 1,221,000.00 1,292,000.00 1,129,000.00 1,207,000.00
      Long-Term Investments 490,000.00 479,000.00 385,000.00 333,000.00
      Non-Current Deferred Assets 927,000.00 979,000.00 433,000.00 421,000.00
      Other Non-Current Assets 1,289,000.00 1,221,000.00 1,408,000.00 1,857,000.00
Liabilities 35,165,000.00 38,117,000.00 32,405,000.00 42,563,000.00
   Current Liabilities 14,800,000.00 17,458,000.00 5,632,000.00 17,720,000.00
      Payables and Expenses 3,514,000.00 5,407,000.00 5,064,000.00 5,262,000.00
            Account Payables 2,292,000.00 3,611,000.00 3,702,000.00 3,530,000.00
            Current Accrued Liabilities 917,000.00 946,000.00 700,000.00 559,000.00
      Short-Term Debt 10,838,000.00 11,477,000.00 0 10,062,000.00
      Other Current Liabilities 448,000.00 574,000.00 0 2,396,000.00
   Non-Current Liabilities 20,365,000.00 20,659,000.00 26,773,000.00 24,843,000.00
      Long-Term Debt 16,326,000.00 16,149,000.00 23,190,000.00 21,093,000.00
      Other Non-Current Liabilities 4,039,000.00 4,510,000.00 3,583,000.00 3,750,000.00
Equity 7,768,000.00 8,150,000.00 6,976,000.00 6,853,000.00
   Shareholders Equity 7,651,000.00 8,030,000.00 6,927,000.00 6,778,000.00
      Capital Stock 25,000.00 25,000.00 25,000.00 25,000.00
      Share Premium 1,415,000.00 1,578,000.00 1,504,000.00 4,464,000.00
      Retained Earnings 10,309,000.00 9,654,000.00 7,906,000.00 4,818,000.00
      Treasury Shares 1,386,000.00 865,000.00 230,000.00 84,000.00
      Accumulated Other Comprehensive Income -2,712,000.00 -2,362,000.00 -2,278,000.00 -2,445,000.00
   Minority Interest 117,000.00 120,000.00 49,000.00 75,000.00
Debt 27,164,000.00 27,626,000.00 23,190,000.00 21,093,000.00
Net Debt 23,691,000.00 23,004,000.00 18,586,000.00 15,853,000.00
Common Shares Outstanding 1,248,023.79 1,290,937.58 1,344,240.97 1,356,077.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 19,836,000.00 24,687,000.00 23,551,000.00 19,496,000.00
Cost Of Revenue 13,350,000.00 16,838,000.00 16,797,000.00 14,109,000.00
Interest Expense 1,611,000.00 1,345,000.00 734,000.00 549,000.00
Non-Interest Expense 1,712,000.00 1,863,000.00 1,752,000.00 1,454,000.00
Gross Profit 6,486,000.00 7,849,000.00 6,754,000.00 5,387,000.00
Operating Expenses 2,636,000.00 2,904,000.00 2,618,000.00 2,096,000.00
   Selling, General and Administrative Expenses 1,712,000.00 1,863,000.00 1,752,000.00 1,454,000.00
   Research and Development Expenses 924,000.00 1,041,000.00 866,000.00 642,000.00
Operating Income 3,850,000.00 4,945,000.00 4,136,000.00 3,291,000.00
Net Non-Operating Income -664,000.00 -830,000.00 -689,000.00 -768,000.00
EBT 1,457,000.00 2,703,000.00 2,682,000.00 1,939,000.00
Income Tax 336,000.00 594,000.00 747,000.00 229,000.00
Net Income Including Non-Controlling Interests 1,259,000.00 2,287,000.00 2,039,000.00 1,760,000.00
Net Income Non-Controlling Interests -13,000.00 -12,000.00 -10,000.00 -37,000.00
Net Income 1,246,000.00 2,275,000.00 2,029,000.00 1,723,000.00
EBIT 3,068,000.00 4,048,000.00 3,416,000.00 2,488,000.00
Deprecation and Amortization 605,000.00 564,000.00 535,000.00 537,000.00
EBITDA 3,673,000.00 4,612,000.00 3,951,000.00 3,025,000.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 1,254,000.00 1,332,000.00 1,351,000.00 1,354,000.00
Average Shares Outstanding Diluted 1,260,000.00 1,350,000.00 1,362,000.00 1,361,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 1,968,000.00 907,000.00 557,000.00 4,082,000.00
   Operating Net Income 1,259,000.00 2,287,000.00 2,039,000.00 1,801,000.00
   Deprecation and Amortization 605,000.00 564,000.00 535,000.00 537,000.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 0 0
   Change in Working Capital -225,000.00 -2,012,000.00 -2,102,000.00 755,000.00
   Other Operating Activities 329,000.00 68,000.00 85,000.00 989,000.00
Investing Cash Flow -2,772,000.00 -3,699,000.00 -3,009,000.00 -5,001,000.00
   Capital Expenditure -1,186,000.00 -1,195,000.00 -999,000.00 -921,000.00
   Net Purchase/Sale of PPE 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0 0 0 0
Financing Cash Flow -67,000.00 2,598,000.00 1,964,000.00 -1,445,000.00
   Net Issuance/Repayment of Debt 1,658,000.00 1,717,000.00 1,960,000.00 -1,100,000.00
   Net Issuance/Repurchase of Equity -702,000.00 -652,000.00 -153,000.00 0
   Dividends Paid -607,000.00 -538,000.00 -423,000.00 -188,000.00
   Other Financing Activities -416,000.00 2,071,000.00 580,000.00 -157,000.00
Net Change in Cash -871,000.00 -194,000.00 -488,000.00 -2,364,000.00
   Cash at Beginning of Period 5,045,000.00 5,129,000.00 5,845,000.00 9,629,000.00
   Cash at End of Period 3,866,000.00 5,045,000.00 5,129,000.00 6,862,000.00
Free Cash Flow 782,000.00 -288,000.00 -442,000.00 3,161,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 43,258,000.00 43,687,000.00 42,057,000.00 42,933,000.00 44,033,000.00
   Current Assets 31,768,000.00 32,214,000.00 30,982,000.00 32,020,000.00 32,928,000.00
      Cash and Short-Term Investments 2,303,000.00 2,512,000.00 1,695,000.00 3,191,000.00 1,801,000.00
            Cash and Cash Equivalents 2,303,000.00 2,512,000.00 1,695,000.00 3,191,000.00 1,801,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 23,459,000.00 23,851,000.00 23,428,000.00 23,378,000.00 24,548,000.00
      Inventory 5,353,000.00 5,216,000.00 5,156,000.00 4,776,000.00 5,930,000.00
      Other Current Assets 653,000.00 635,000.00 703,000.00 675,000.00 649,000.00
   Non-Current Assets 11,490,000.00 11,473,000.00 11,075,000.00 10,913,000.00 11,105,000.00
      Property, Plant, Equipment Net 3,732,000.00 3,704,000.00 3,498,000.00 3,402,000.00 3,386,000.00
      Goodwill 3,613,000.00 3,618,000.00 3,593,000.00 3,584,000.00 3,615,000.00
      Intangible Assets 1,187,000.00 1,243,000.00 1,226,000.00 1,221,000.00 1,251,000.00
      Long-Term Investments 508,000.00 505,000.00 471,000.00 490,000.00 532,000.00
      Non-Current Deferred Assets 1,018,000.00 1,040,000.00 984,000.00 927,000.00 957,000.00
      Other Non-Current Assets 1,432,000.00 1,363,000.00 1,303,000.00 1,289,000.00 1,364,000.00
Liabilities 35,421,000.00 35,853,000.00 34,098,000.00 35,165,000.00 36,264,000.00
   Current Liabilities 4,031,000.00 4,123,000.00 3,891,000.00 14,800,000.00 4,174,000.00
      Payables and Expenses 3,475,000.00 3,631,000.00 3,489,000.00 3,514,000.00 3,665,000.00
            Account Payables 2,277,000.00 2,417,000.00 2,216,000.00 2,292,000.00 2,409,000.00
            Current Accrued Liabilities 932,000.00 871,000.00 986,000.00 917,000.00 954,000.00
      Short-Term Debt 0 0 0 10,838,000.00 0
      Other Current Liabilities 0 0 0 448,000.00 0
   Non-Current Liabilities 31,390,000.00 31,730,000.00 30,207,000.00 20,365,000.00 32,090,000.00
      Long-Term Debt 27,415,000.00 27,694,000.00 26,294,000.00 16,326,000.00 27,602,000.00
      Other Non-Current Liabilities 3,975,000.00 4,036,000.00 3,913,000.00 4,039,000.00 4,488,000.00
Equity 7,837,000.00 7,834,000.00 7,959,000.00 7,768,000.00 7,769,000.00
   Shareholders Equity 7,732,000.00 7,713,000.00 7,839,000.00 7,651,000.00 7,643,000.00
      Capital Stock 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00
      Share Premium 1,388,000.00 1,378,000.00 1,394,000.00 1,415,000.00 1,415,000.00
      Retained Earnings 10,420,000.00 10,340,000.00 10,440,000.00 10,309,000.00 10,136,000.00
      Treasury Shares 1,392,000.00 1,343,000.00 1,365,000.00 1,386,000.00 1,376,000.00
      Accumulated Other Comprehensive Income -2,709,000.00 -2,687,000.00 -2,655,000.00 -2,712,000.00 -2,557,000.00
   Minority Interest 105,000.00 121,000.00 120,000.00 117,000.00 126,000.00
Debt 27,415,000.00 27,694,000.00 26,294,000.00 27,164,000.00 27,602,000.00
Net Debt 24,825,000.00 24,896,000.00 24,315,000.00 23,691,000.00 25,499,000.00
Common Shares Outstanding 1,246,404.67 1,250,820.05 1,249,431.63 1,248,023.79 1,248,983.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 4,399,000.00 4,711,000.00 3,828,000.00 4,876,000.00 4,654,000.00
Cost Of Revenue 2,995,000.00 3,192,000.00 2,569,000.00 3,323,000.00 3,130,000.00
Interest Expense 378,000.00 360,000.00 362,000.00 421,000.00 378,000.00
Non-Interest Expense 549,000.00 478,000.00 386,000.00 414,000.00 426,000.00
Gross Profit 1,404,000.00 1,519,000.00 1,259,000.00 1,553,000.00 1,524,000.00
Operating Expenses 830,000.00 696,000.00 570,000.00 652,000.00 647,000.00
   Selling, General and Administrative Expenses 549,000.00 478,000.00 386,000.00 414,000.00 426,000.00
   Research and Development Expenses 281,000.00 218,000.00 184,000.00 238,000.00 221,000.00
Operating Income 574,000.00 823,000.00 689,000.00 901,000.00 877,000.00
Net Non-Operating Income -142,000.00 -183,000.00 -159,000.00 -215,000.00 -127,000.00
EBT 51,000.00 275,000.00 162,000.00 241,000.00 360,000.00
Income Tax 1,000.00 76,000.00 47,000.00 89,000.00 75,000.00
Net Income Including Non-Controlling Interests 67,000.00 217,000.00 132,000.00 176,000.00 310,000.00
Net Income Non-Controlling Interests 13,000.00 -4,000.00 -1,000.00 -3,000.00 -4,000.00
Net Income 80,000.00 213,000.00 131,000.00 173,000.00 306,000.00
EBIT 429,000.00 635,000.00 524,000.00 662,000.00 738,000.00
Deprecation and Amortization 159,000.00 156,000.00 150,000.00 151,000.00 155,000.00
EBITDA 588,000.00 791,000.00 674,000.00 813,000.00 893,000.00
EPS 0.00 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 1,250,000.00 1,250,000.00 1,248,000.00 1,248,000.00 1,251,000.00
Average Shares Outstanding Diluted 1,253,000.00 1,253,000.00 1,253,000.00 1,253,000.00 1,254,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 659,000.00 772,000.00 162,000.00 1,692,000.00 791,000.00
   Operating Net Income 67,000.00 217,000.00 132,000.00 176,000.00 310,000.00
   Deprecation and Amortization 159,000.00 156,000.00 150,000.00 151,000.00 155,000.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital 236,000.00 266,000.00 -181,000.00 1,288,000.00 199,000.00
   Other Operating Activities 197,000.00 133,000.00 61,000.00 77,000.00 127,000.00
Investing Cash Flow -466,000.00 -342,000.00 -280,000.00 -995,000.00 -848,000.00
   Capital Expenditure -270,000.00 -252,000.00 -264,000.00 -475,000.00 -291,000.00
   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 -196,000.00 -90,000.00 -16,000.00 -520,000.00 -557,000.00
Financing Cash Flow -373,000.00 161,000.00 -1,422,000.00 929,000.00 -176,000.00
   Net Issuance/Repayment of Debt 275,000.00 613,000.00 -155,000.00 773,000.00 493,000.00
   Net Issuance/Repurchase of Equity -50,000.00 0 -5,000.00 -13,000.00 -48,000.00
   Dividends Paid -1,000.00 -320,000.00 -1,000.00 -7,000.00 -6,000.00
   Other Financing Activities -597,000.00 -132,000.00 -1,261,000.00 176,000.00 -615,000.00
Net Change in Cash -180,000.00 591,000.00 -1,540,000.00 1,626,000.00 -233,000.00
   Cash at Beginning of Period 3,147,000.00 2,398,000.00 3,866,000.00 2,450,000.00 2,647,000.00
   Cash at End of Period 2,956,000.00 3,147,000.00 2,398,000.00 3,866,000.00 2,450,000.00
Free Cash Flow 389,000.00 520,000.00 -102,000.00 1,217,000.00 500,000.00