Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 12.50 7.16
Price to Sales 2.95 2.49
Book Value Per Common Share
Price to Book
Price to Operating Cash Flow 8.66 7.75
Price to Free Cash Flow 9.14 8.34
Enterprise Value to EBITDA 64446.22 41923.54
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 67.28 61.59 61.15 50.59 45.11
Price to Sales 10.84 11.05 10.69 10.45 11.47
Book Value Per Common Share
Price to Book
Price to Operating Cash Flow 39.59 48.62 48.06 29.35 34.12
Price to Free Cash Flow 42.70 55.36 52.83 31.09 36.17
Enterprise Value to EBITDA 300149.01 297504.04 319042.02 259475.69 234669.44

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -38.85 112.54 9.00
Revenue YoY -9.93 -43.83 82.38
EBITDA YoY -30.60 43.65 32.60
Net Profit YoY -38.73 112.38 9.17
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -12.09 -15.74 2.86 -2.78
Revenue YoY -2.08 -17.87 21.50 19.71
EBITDA YoY -4.82 -8.98 1.11 -1.39
Net Profit YoY -11.42 -16.41 3.15 -2.87

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.56 1.19 1.87 1.81
Quick Ratio 0.48 0.78 0.86 1.26
Current Ratio 0.77 1.01 1.08 1.64
Debt to Equity -35.29 -24.09 -10.21 25.96
Long-Term Debt to Equity -31.93 -22.09 -9.08 24.09
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.25 0.22 0.19 0.56 0.68
Quick Ratio 0.41 0.31 0.58 0.48 0.45
Current Ratio 0.66 0.61 0.88 0.77 0.69
Debt to Equity -49.37 -50.79 -45.98 -35.29 -28.77
Long-Term Debt to Equity -44.50 -45.93 -42.53 -31.93 -26.01

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 11.80 18.57 8.06 7.49
ROE -404.72 -428.83 -74.28 201.95
Gross Margin 51.13 64.66 25.99 36.95
Operating Margin 38.03 52.54 19.57 26.09
EBITDA Margin 45.84 59.49 23.26 31.99
Net Profit Margin 23.67 34.79 9.20 15.37
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 2.30 2.59 3.07 2.91 3.01
ROE -111.49 -128.82 -137.89 -99.80 -83.55
Gross Margin 39.64 44.32 37.30 45.41 54.06
Operating Margin 28.91 30.18 27.80 33.33 40.58
EBITDA Margin 36.11 37.15 33.52 40.28 48.91
Net Profit Margin 16.14 17.84 17.53 20.65 25.45

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00
Dividend Payout Ratio 108.50 86.47 166.46 100.07
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 132.47 117.12 97.71 99.61 96.56

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 17,453,000.00 18,102,000.00 19,633,000.00 19,358,000.00
   Current Assets 1,325,000.00 1,581,000.00 2,620,000.00 2,212,000.00
      Cash and Short-Term Investments 270,000.00 575,000.00 904,000.00 876,000.00
            Cash and Cash Equivalents 270,000.00 575,000.00 904,000.00 876,000.00
            Short-Term Investments 0 0 0 0
      Net Receivables 545,000.00 651,000.00 1,178,000.00 813,000.00
      Inventory 151,000.00 142,000.00 160,000.00 176,000.00
      Other Current Assets 359,000.00 213,000.00 378,000.00 347,000.00
   Non-Current Assets 16,128,000.00 16,521,000.00 17,013,000.00 17,146,000.00
      Property, Plant, Equipment Net 15,839,000.00 16,293,000.00 16,814,000.00 16,928,000.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 16,000.00 8,000.00 12,000.00
      Other Non-Current Assets 0 0 0 0
Liabilities 17,962,000.00 18,886,000.00 21,764,000.00 18,640,000.00
   Current Liabilities 1,712,000.00 1,566,000.00 2,421,000.00 1,345,000.00
      Payables and Expenses 968,000.00 935,000.00 1,490,000.00 1,165,000.00
            Account Payables 62,000.00 69,000.00 32,000.00 21,000.00
            Current Accrued Liabilities 843,000.00 811,000.00 1,384,000.00 1,077,000.00
      Short-Term Debt 351,000.00 300,000.00 10,000.00 8,000.00
      Other Current Liabilities 393,000.00 331,000.00 921,000.00 172,000.00
   Non-Current Liabilities 16,250,000.00 17,320,000.00 19,343,000.00 17,295,000.00
      Long-Term Debt 14,761,000.00 15,606,000.00 16,296,000.00 17,266,000.00
      Other Non-Current Liabilities 1,489,000.00 1,714,000.00 3,047,000.00 29,000.00
Equity -509,000.00 -784,000.00 -2,131,000.00 718,000.00
   Shareholders Equity 0 0 0 0
      Capital Stock 0 0 0 0
      Share Premium 0 0 0 0
      Retained Earnings 0 0 0 0
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 0 0 0 0
Debt 15,112,000.00 15,906,000.00 16,296,000.00 17,274,000.00
Net Debt 14,842,000.00 15,331,000.00 15,294,000.00 16,301,000.00
Common Shares Outstanding 484,046.62 484,039.12 484,000.00 484,025.62
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 8,704,000.00 9,664,000.00 17,206,000.00 9,434,000.00
Cost Of Revenue 4,254,000.00 3,415,000.00 12,734,000.00 5,948,000.00
Interest Income 33,000.00 46,000.00 21,000.00 1,000.00
Interest Expense 800,000.00 823,000.00 870,000.00 831,000.00
Non-Interest Expense 100,000.00 99,000.00 97,000.00 94,000.00
Gross Profit 4,450,000.00 6,249,000.00 4,472,000.00 3,486,000.00
Operating Expenses 1,170,000.00 1,213,000.00 1,092,000.00 929,000.00
   Selling, General and Administrative Expenses 100,000.00 99,000.00 97,000.00 94,000.00
   Other Operating Expenses 16,000.00 7,000.00 0 12,000.00
Operating Income 3,280,000.00 5,036,000.00 3,380,000.00 2,557,000.00
Net Non-Operating Income 0 1,000.00 21,000.00 4,000.00
EBT 2,510,000.00 4,254,000.00 2,498,000.00 1,630,000.00
Income Tax 0 0 0 0
Net Income Including Non-Controlling Interests 2,510,000.00 4,254,000.00 2,498,000.00 1,630,000.00
Net Income 2,060,000.00 3,362,000.00 1,583,000.00 1,450,000.00
EBIT 3,310,000.00 5,077,000.00 3,368,000.00 2,461,000.00
Deprecation and Amortization 680,000.00 672,000.00 634,000.00 557,000.00
EBITDA 3,990,000.00 5,749,000.00 4,002,000.00 3,018,000.00
EPS 0.00 0.01 0.00 0.00
Diluted EPS 0.00 0.01 0.00 0.00
Average Shares Outstanding Basic 484,000.00 484,000.00 484,000.00 484,000.00
Average Shares Outstanding Diluted 484,000.00 484,000.00 484,000.00 484,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 2,968,000.00 3,109,000.00 4,149,000.00 2,291,000.00
   Operating Net Income 2,510,000.00 4,254,000.00 2,498,000.00 1,630,000.00
   Deprecation and Amortization 680,000.00 672,000.00 634,000.00 557,000.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 0 0
   Change in Working Capital 106,000.00 213,000.00 -146,000.00 -5,000.00
   Other Operating Activities -328,000.00 -2,030,000.00 1,163,000.00 109,000.00
Investing Cash Flow -162,000.00 -227,000.00 -451,000.00 -648,000.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -154,000.00 -220,000.00 -451,000.00 -648,000.00
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities -8,000.00 -7,000.00 0.00 0.00
Financing Cash Flow -3,058,000.00 -3,247,000.00 -3,676,000.00 -1,976,000.00
   Net Issuance/Repayment of Debt -802,000.00 -303,000.00 -1,001,000.00 -418,000.00
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid -2,235,000.00 -2,907,000.00 -2,635,000.00 -1,451,000.00
   Other Financing Activities -21,000.00 -37,000.00 -40,000.00 -107,000.00
Net Change in Cash -252,000.00 -365,000.00 22,000.00 -333,000.00
   Cash at Beginning of Period 631,000.00 996,000.00 974,000.00 1,307,000.00
   Cash at End of Period 379,000.00 631,000.00 996,000.00 974,000.00
Free Cash Flow 2,814,000.00 2,889,000.00 3,698,000.00 1,643,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 16,834,000.00 16,930,000.00 17,094,000.00 17,453,000.00 17,385,000.00
   Current Assets 1,119,000.00 1,017,000.00 1,160,000.00 1,325,000.00 1,186,000.00
      Cash and Short-Term Investments 121,000.00 108,000.00 94,000.00 270,000.00 331,000.00
            Cash and Cash Equivalents 121,000.00 108,000.00 94,000.00 270,000.00 331,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 569,000.00 409,000.00 670,000.00 545,000.00 455,000.00
      Inventory 147,000.00 153,000.00 164,000.00 151,000.00 135,000.00
      Other Current Assets 282,000.00 347,000.00 232,000.00 359,000.00 265,000.00
   Non-Current Assets 15,715,000.00 15,913,000.00 15,934,000.00 16,128,000.00 16,199,000.00
      Property, Plant, Equipment Net 15,476,000.00 15,618,000.00 15,716,000.00 15,839,000.00 15,947,000.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 239,000.00 295,000.00 218,000.00 289,000.00 252,000.00
Liabilities 17,182,000.00 17,270,000.00 17,474,000.00 17,962,000.00 18,011,000.00
   Current Liabilities 1,697,000.00 1,655,000.00 1,313,000.00 1,712,000.00 1,729,000.00
      Payables and Expenses 790,000.00 780,000.00 963,000.00 968,000.00 662,000.00
            Account Payables 58,000.00 71,000.00 68,000.00 62,000.00 51,000.00
            Current Accrued Liabilities 691,000.00 667,000.00 863,000.00 843,000.00 569,000.00
      Short-Term Debt 605,000.00 609,000.00 104,000.00 351,000.00 700,000.00
      Other Current Liabilities 302,000.00 266,000.00 246,000.00 393,000.00 367,000.00
   Non-Current Liabilities 15,485,000.00 15,615,000.00 16,161,000.00 16,250,000.00 16,282,000.00
      Long-Term Debt 14,156,000.00 14,213,000.00 14,714,000.00 14,761,000.00 14,902,000.00
      Other Non-Current Liabilities 1,329,000.00 1,402,000.00 1,447,000.00 1,489,000.00 1,380,000.00
Equity -348,000.00 -340,000.00 -380,000.00 -509,000.00 -626,000.00
   Shareholders Equity 0 0 0 0 0
      Capital Stock 0 0 0 0 0
      Share Premium 0 0 0 0 0
      Retained Earnings 0 0 0 0 0
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Debt 14,761,000.00 14,822,000.00 14,818,000.00 15,112,000.00 15,602,000.00
Net Debt 14,640,000.00 14,714,000.00 14,724,000.00 14,842,000.00 15,125,000.00
Common Shares Outstanding 484,048.12 484,048.12 484,048.12 484,046.62 484,046.62
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 2,404,000.00 2,455,000.00 2,989,000.00 2,460,000.00 2,055,000.00
Cost Of Revenue 1,451,000.00 1,367,000.00 1,874,000.00 1,343,000.00 944,000.00
Interest Income 5,000.00 4,000.00 5,000.00 8,000.00 7,000.00
Interest Expense 189,000.00 188,000.00 190,000.00 197,000.00 199,000.00
Non-Interest Expense 26,000.00 26,000.00 27,000.00 24,000.00 25,000.00
Gross Profit 953,000.00 1,088,000.00 1,115,000.00 1,117,000.00 1,111,000.00
Operating Expenses 257,000.00 373,000.00 289,000.00 305,000.00 284,000.00
   Selling, General and Administrative Expenses 26,000.00 26,000.00 27,000.00 24,000.00 25,000.00
   Other Operating Expenses 0 3,000.00 0 4,000.00 3,000.00
Operating Income 696,000.00 715,000.00 826,000.00 812,000.00 827,000.00
Net Non-Operating Income 1,000.00 22,000.00 0 0 0
EBT 506,000.00 553,000.00 641,000.00 623,000.00 635,000.00
Income Tax 0 0 0 0 0
Net Income Including Non-Controlling Interests 506,000.00 553,000.00 641,000.00 623,000.00 635,000.00
Net Income 388,000.00 438,000.00 524,000.00 508,000.00 523,000.00
EBIT 695,000.00 741,000.00 831,000.00 820,000.00 834,000.00
Deprecation and Amortization 173,000.00 171,000.00 171,000.00 171,000.00 171,000.00
EBITDA 868,000.00 912,000.00 1,002,000.00 991,000.00 1,005,000.00
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 484,000.00 484,000.00 484,000.00 484,000.00 484,000.00
Average Shares Outstanding Diluted 484,000.00 484,000.00 484,000.00 484,000.00 484,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 658,000.00 558,000.00 665,000.00 876,000.00 691,000.00
   Operating Net Income 506,000.00 553,000.00 641,000.00 623,000.00 635,000.00
   Deprecation and Amortization 173,000.00 171,000.00 171,000.00 171,000.00 171,000.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital -68,000.00 -47,000.00 -153,000.00 153,000.00 20,000.00
   Other Operating Activities 47,000.00 -119,000.00 6,000.00 -71,000.00 -135,000.00
Investing Cash Flow -49,000.00 -70,000.00 -61,000.00 -50,000.00 -43,000.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -48,000.00 -68,000.00 -60,000.00 -49,000.00 -39,000.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -1,000.00 -2,000.00 -1,000.00 -1,000.00 -4,000.00
Financing Cash Flow -589,000.00 -514,000.00 -813,000.00 -858,000.00 -656,000.00
   Net Issuance/Repayment of Debt -55,000.00 0 -300,000.00 -350,000.00 -150,000.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid -514,000.00 -513,000.00 -512,000.00 -506,000.00 -505,000.00
   Other Financing Activities -20,000.00 -1,000.00 -1,000.00 -2,000.00 -1,000.00
Net Change in Cash 20,000.00 -26,000.00 -209,000.00 -32,000.00 -8,000.00
   Cash at Beginning of Period 144,000.00 170,000.00 379,000.00 411,000.00 419,000.00
   Cash at End of Period 164,000.00 144,000.00 170,000.00 379,000.00 411,000.00
Free Cash Flow 610,000.00 490,000.00 605,000.00 827,000.00 652,000.00