Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -3.20
Price to Sales 7.04
Book Value Per Common Share -2.80 -1.55 -1.09 4.23
Price to Book -5.01
Price to Operating Cash Flow 83.78
Price to Free Cash Flow -68.74
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
Price to Earnings -39.00 -426.75 5.03 -23.42 -10.14 3.89
Price to Sales 70.46 69.03 28.70 45.31 36.38 4.56
Book Value Per Common Share -3.66 -3.51 -0.61 -2.80 -2.61 -1.75
Price to Book -4.90 -4.86 -11.93 -5.01 -4.55 -2.03
Price to Operating Cash Flow 43.36 159.68 -56.21 311.53 608.21 36.88
Price to Free Cash Flow -46.52 -62.19 -17.68 -283.27 -136.95
Enterprise Value to EBITDA 25325.74

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 1.65 -21.54 17.60
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
Earning YoY
Revenue YoY 3.15 -1.13 -16.22 -0.45 -46.82
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 3.27 0.13 0.05 0.37
Quick Ratio 6.22 0.11 0.10 0.37
Current Ratio 6.72 0.20 0.46 2.36
Debt to Equity -2.95 -2.19 -2.97 0.82
Long-Term Debt to Equity -2.79 -1.37 -2.52 0.58
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
Cash Per Common Share 1.42 1.83 2.21 2.73 0.87 0.49
Quick Ratio 3.58 6.22 3.39 0.84
Current Ratio 1.58 1.79 4.26 6.72 3.63 1.04
Debt to Equity -3.04 -2.86 -9.95 -2.95 -2.26 -3.56
Long-Term Debt to Equity -2.44 -2.33 -8.88 -2.79 -2.16 -3.12

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -82.25 -34.61 -265.74 1.94
ROE 160.33 41.29 524.33 3.53
Gross Margin 23.71 24.57 1.31 43.87
Operating Margin -250.08 -31.76 -322.75 19.73
EBITDA Margin -226.56 -12.56 -287.44 25.86
Net Profit Margin -257.50 -49.06 -335.20 8.69
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
ROA -6.42 -47.36 35.73 -16.61 -49.39 25.88
ROE 13.08 87.99 -319.93 32.38 62.42 -66.15
Gross Margin 4.81 6.39 10.33 5.02 -0.16 43.31
Operating Margin -67.19 -28.13 -53.56 -278.15 -469.88 125.49
EBITDA Margin -43.55 -0.81 -25.38 -247.43 -438.69 142.09
Net Profit Margin -181.88 -1191.43 730.20 -279.74 -477.44 117.51

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 2024-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 1,598,815.00 712,156.00 807,686.00 2,438,864.00
   Current Assets 903,962.00 97,016.00 85,102.00 756,560.00
      Cash and Short-Term Investments 836,197.00 50,409.00 15,884.00 117,871.00
            Cash and Cash Equivalents 836,197.00 50,409.00 15,884.00 117,871.00
            Short-Term Investments 0 0 0 0
      Net Receivables 1,025.00 1,001.00 3,542.00 1,682.00
      Inventory 0 0 0 0
      Other Current Assets 66,740.00 45,606.00 65,676.00 637,007.00
   Non-Current Assets 694,853.00 615,140.00 722,584.00 1,682,304.00
      Property, Plant, Equipment Net 670,814.00 593,275.00 711,564.00 599,757.00
      Goodwill 0 0 0 1,055,760.00
      Intangible Assets 0 0 1,704.00 8,195.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 2,418,995.00 1,309,097.00 1,217,032.00 1,097,654.00
   Current Liabilities 134,562.00 488,423.00 186,789.00 320,289.00
      Payables and Expenses 70,905.00 288,359.00 69,951.00 69,519.00
            Account Payables 19,265.00 154,751.00 53,641.00 11,617.00
            Current Accrued Liabilities 51,640.00 133,608.00 11,590.00 30,853.00
      Short-Term Debt 27,933.00 144,206.00 37,011.00 104,448.00
      Other Current Liabilities 35,724.00 55,858.00 79,827.00 146,322.00
   Non-Current Liabilities 2,284,433.00 820,674.00 1,030,243.00 777,365.00
      Long-Term Debt 1,171,836.00 721,339.00 720.00 714,358.00
      Other Non-Current Liabilities 1,112,597.00 99,335.00 1,029,523.00 63,007.00
Equity -820,180.00 -596,941.00 -409,346.00 1,341,210.00
   Shareholders Equity -820,180.00 -596,941.00 -409,346.00 1,341,210.00
      Capital Stock 3.00 36.00 36.00 27.00
      Share Premium 2,915,035.00 1,823,260.00 1,764,368.00 1,379,581.00
      Retained Earnings -3,735,218.00 -2,420,237.00 -2,173,750.00 -27,432.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 -10,966.00
   Minority Interest 0 0 0 0
Debt 1,199,769.00 865,545.00 37,731.00 818,806.00
Net Debt 254,083.00 758,031.00 20,358.00 610,338.00
Common Shares Outstanding 292,606.00 385,868.00 375,225.00 317,279.90
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 510,672.00 502,400.00 640,313.00 544,483.00
Cost Of Revenue 389,602.00 378,941.00 631,913.00 305,621.00
Interest Expense 37,070.00 86,238.00 96,826.00 44,354.00
Non-Interest Expense 120,417.00 100,927.00 226,011.00 64,548.00
Gross Profit 121,070.00 123,459.00 8,400.00 238,862.00
Operating Expenses 133,299.00 108,111.00 252,973.00 72,222.00
   Selling, General and Administrative Expenses 120,417.00 100,927.00 226,011.00 64,548.00
   Research and Development Expenses 11,830.00 7,184.00 26,962.00 7,674.00
   Other Operating Expenses 1,052.00 0 0 0
Operating Income -12,229.00 15,348.00 -244,573.00 166,640.00
Net Non-Operating Income 325.00 2,530.00 -192,085.00 -16,049.00
EBT -1,314,146.00 -245,804.00 -2,163,409.00 63,075.00
Income Tax 859.00 683.00 -17,091.00 15,763.00
Net Income Including Non-Controlling Interests -1,315,005.00 -246,487.00 -2,146,318.00 47,312.00
Net Income -1,315,005.00 -246,487.00 -2,146,318.00 47,312.00
EBIT -1,277,076.00 -159,566.00 -2,066,583.00 107,429.00
Deprecation and Amortization 120,121.00 96,445.00 226,093.00 33,362.00
EBITDA -1,156,955.00 -63,121.00 -1,840,490.00 140,791.00
EPS -0.00 -0.00 -0.01 0.00
Diluted EPS -0.00 -0.00 -0.01 0.00
Average Shares Outstanding Basic 255,832.00 379,863.00 340,647.00 317,279.90
Average Shares Outstanding Diluted 255,832.00 379,863.00 340,647.00 317,279.90
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 42,896.00 65,114.00 205,187.00 -56,735.00
   Operating Net Income -1,315,005.00 -246,487.00 -2,146,318.00 47,312.00
   Deprecation and Amortization 120,121.00 96,445.00 226,093.00 33,362.00
   Deferred Income Tax 0 0 -18,521.00 9,528.00
   Share Based Compensation 51,924.00 58,892.00 182,894.00 38,937.00
   Change in Working Capital -27,637.00 166,982.00 78,605.00 -49,516.00
   Other Operating Activities 1,213,493.00 -10,718.00 1,882,434.00 -136,358.00
Investing Cash Flow -95,192.00 -2,996.00 -590,778.00 -423,840.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -94,961.00 -2,163.00 -601,657.00 704.00
   Net Purchase/Sale of Investments Net 0 0 10,850.00 -59,275.00
   Net Purchase/Sale of Business 0 0 10,850.00 -365,210.00
   Other Investing Activities 0 -833.00 -10,821.00 -59.00
Financing Cash Flow 819,567.00 -44,649.00 306,153.00 603,532.00
   Net Issuance/Repayment of Debt 766,908.00 -44,649.00 117,740.00 613,701.00
   Net Issuance/Repurchase of Equity 55,000.00 0 -31,646.00 0
   Dividends Paid 0 0 0 0
   Other Financing Activities -2,341.00 0.00 220,059.00 -10,169.00
Net Change in Cash 767,271.00 17,469.00 -79,438.00 122,957.00
   Cash at Beginning of Period 69,709.00 52,240.00 131,678.00 8,721.00
   Cash at End of Period 836,980.00 69,709.00 52,240.00 131,678.00
Free Cash Flow -52,296.00 48,120.00 -396,470.00 -56,735.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
Assets 2,295,980.00 1,978,052.00 1,625,371.00 1,598,815.00 921,851.00 813,968.00
   Current Assets 1,061,033.00 1,004,760.00 833,178.00 903,962.00 277,856.00 143,320.00
      Cash and Short-Term Investments 453,443.00 581,345.00 697,942.00 836,197.00 253,019.00 114,276.00
            Cash and Cash Equivalents 453,443.00 581,345.00 697,942.00 836,197.00 253,019.00 114,276.00
            Short-Term Investments 0 0 0 0 0 0
      Net Receivables 0 0 1,018.00 1,025.00 6,244.00 1,107.00
      Inventory 0 0 0 0 0 0
      Other Current Assets 0 0 134,218.00 66,740.00 18,593.00 27,937.00
   Non-Current Assets 1,234,947.00 973,292.00 792,193.00 694,853.00 643,995.00 670,648.00
      Property, Plant, Equipment Net 1,186,587.00 937,187.00 761,494.00 670,814.00 625,165.00 653,735.00
      Goodwill 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 2,136.00
      Long-Term Investments 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0
      Other Non-Current Assets 48,360.00 36,105.00 30,699.00 24,039.00 18,830.00 14,777.00
Liabilities 3,423,940.00 3,042,728.00 1,806,878.00 2,418,995.00 1,651,246.00 1,132,477.00
   Current Liabilities 669,863.00 562,722.00 195,510.00 134,562.00 76,514.00 138,145.00
      Payables and Expenses 570,449.00 395,696.00 101,820.00 70,905.00 38,230.00 84,386.00
            Account Payables 212,179.00 215,055.00 6,328.00 19,265.00 6,504.00 16,165.00
            Current Accrued Liabilities 358,270.00 180,641.00 95,492.00 51,640.00 31,726.00 68,221.00
      Short-Term Debt 11,353.00 10,985.00 27,357.00 27,933.00 27,807.00 28,970.00
      Other Current Liabilities 88,061.00 156,041.00 66,333.00 35,724.00 10,477.00 24,789.00
   Non-Current Liabilities 2,754,077.00 2,480,006.00 1,611,368.00 2,284,433.00 1,574,732.00 994,332.00
      Long-Term Debt 1,149,876.00 1,149,925.00 1,166,796.00 1,171,836.00 539,935.00 626,765.00
      Other Non-Current Liabilities 1,604,201.00 1,330,081.00 444,572.00 1,112,597.00 1,034,797.00 367,567.00
Equity -1,127,960.00 -1,064,676.00 -181,507.00 -820,180.00 -729,395.00 -318,509.00
   Shareholders Equity -1,127,960.00 -1,064,676.00 -181,507.00 -820,180.00 -729,395.00 -318,509.00
      Capital Stock 3.00 3.00 3.00 3.00 3.00 2.00
      Share Premium 3,110,021.00 3,026,645.00 2,973,015.00 2,915,035.00 2,740,279.00 1,891,011.00
      Retained Earnings -4,237,984.00 -4,091,324.00 -3,154,525.00 -3,735,218.00 -3,469,677.00 -2,209,522.00
      Treasury Shares 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0
Debt 1,161,229.00 1,160,910.00 1,194,153.00 1,199,769.00 567,742.00 655,735.00
Net Debt 605,564.00 476,351.00 390,115.00 254,083.00 239,518.00 541,459.00
Common Shares Outstanding 308,381.00 303,146.00 299,087.00 292,606.00 279,821.00 182,237.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
Revenues 81,103.00 78,628.00 79,525.00 94,925.00 95,354.00 179,291.00
Cost Of Revenue 77,198.00 73,603.00 71,312.00 90,162.00 95,510.00 101,645.00
Interest Income 821.00 0 2,187.00 0 0 0
Interest Expense 0 0 0 1,136.00 7,072.00 14,087.00
Net Interest 0 0 0 0 0 -14,087.00
Non-Interest Expense 69,354.00 56,940.00 40,115.00 38,576.00 37,507.00 0
Gross Profit 3,905.00 5,025.00 8,213.00 4,763.00 -156.00 77,646.00
Operating Expenses 58,397.00 27,143.00 50,803.00 44,397.00 40,554.00 22,419.00
   Selling, General and Administrative Expenses 69,354.00 56,940.00 40,115.00 38,576.00 37,507.00 15,125.00
   Research and Development Expenses 0 0 0 5,016.00 2,841.00 1,799.00
   Other Operating Expenses -10,957.00 -29,797.00 10,688.00 805.00 206.00 5,495.00
Operating Income -54,492.00 -22,118.00 -42,590.00 -39,634.00 -40,710.00 55,227.00
Net Non-Operating Income 8.00 -207.00 -157.00 469.00 2,003.00 155,670.00
EBT -146,535.00 -936,641.00 580,898.00 -265,166.00 -455,125.00 210,897.00
Income Tax 125.00 158.00 205.00 375.00 134.00 206.00
Net Income Including Non-Controlling Interests -146,660.00 -936,799.00 580,693.00 -265,541.00 -455,259.00 0
Net Income -147,509.00 -936,799.00 580,693.00 -265,541.00 -455,259.00 210,691.00
EBIT -54,492.00 -22,118.00 -42,590.00 -264,030.00 -448,053.00 224,984.00
Deprecation and Amortization 19,173.00 21,484.00 22,407.00 29,155.00 29,741.00 29,766.00
EBITDA -35,319.00 -634.00 -20,183.00 -234,875.00 -418,312.00 254,750.00
EPS -0.00 -0.00 0.00 -0.00 -0.00 0.00
Diluted EPS -0.00 -0.00 0.00 -0.00 -0.00 0.00
Average Shares Outstanding Basic 318,562.00 317,985.00 315,186.00 306,146.00 292,486.00 230,954.00
Average Shares Outstanding Diluted 318,562.00 317,985.00 363,314.00 306,146.00 292,486.00 282,531.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
Operating Cash Flow 131,781.00 34,000.00 -40,599.00 13,805.00 5,713.00 22,174.00
   Operating Net Income -146,660.00 -936,799.00 580,693.00 -265,541.00 -455,259.00 210,691.00
   Deprecation and Amortization 19,173.00 21,484.00 22,407.00 29,155.00 29,741.00 29,766.00
   Deferred Income Tax 0 0 0 0 0 0
   Share Based Compensation 29,946.00 24,170.00 16,185.00 23,967.00 20,523.00 -1,060.00
   Change in Working Capital 218,798.00 100,136.00 16,595.00 -306,618.00 329,439.00 -21,393.00
   Other Operating Activities 10,524.00 825,009.00 -676,479.00 532,842.00 81,269.00 -195,830.00
Investing Cash Flow -254,359.00 -119,608.00 -93,458.00 -28,798.00 -31,240.00 -31,970.00
   Capital Expenditure 0 0 0 0 0 0.00
   Net Purchase/Sale of PPE -244,235.00 -119,608.00 -88,422.00 -28,758.00 -31,174.00 31,894.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 76.00
   Net Purchase/Sale of Business 0 0 -5,000.00 0 0 0
   Other Investing Activities -10,124.00 0.00 -36.00 0 0 -63,940.00
Financing Cash Flow -5,324.00 -31,772.00 -4,198.00 598,171.00 182,224.00 54,363.00
   Net Issuance/Repayment of Debt -547.00 -5,274.00 -4,464.00 599,044.00 180,678.00 37,256.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 55,009.00
   Dividends Paid 0 0 0 0 0 0
   Other Financing Activities -4,777.00 -26,498.00 266.00 -873.00 1,546.00 -37,902.00
Net Change in Cash -127,902.00 -117,380.00 -138,255.00 583,178.00 156,697.00 44,567.00
   Cash at Beginning of Period 581,345.00 698,725.00 836,980.00 253,802.00 97,105.00 69,709.00
   Cash at End of Period 453,443.00 581,345.00 698,725.00 836,980.00 253,802.00 114,276.00
Free Cash Flow -122,836.00 -87,279.00 -129,057.00 -15,184.00 -25,336.00 0