Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 18.28 15.86 7.85 16.06
Price to Sales 1.78 1.43 0.92 1.41
Book Value Per Common Share 31.90 30.13 29.75 26.25
Price to Book 2.90 2.30 1.34 2.01
Price to Operating Cash Flow 12.67 9.98 7.94 10.35
Price to Free Cash Flow 26.22 15.65 13.25 16.99
Enterprise Value to EBITDA 87962.08 79472.57 55060.90 81907.55
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 53.77 47.08 -586.47 89.83 46.60
Price to Sales 7.28 6.07 8.81 7.08 6.01
Book Value Per Common Share 34.77 33.19 31.21 31.90 32.18
Price to Book 3.45 2.77 2.82 2.90 2.88
Price to Operating Cash Flow 40.49 44.95 -90.34 22.99 42.54
Price to Free Cash Flow 57.62 85.68 -45.65 35.12 64.43
Enterprise Value to EBITDA 294365.90 248798.09 1162598.73 378178.57 249597.68

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 16.06 -14.00 54.20
Revenue YoY 1.78 6.80 12.04
EBITDA YoY 18.28 11.91 8.33
Net Profit YoY 9.88 -17.71 46.84
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 14.36 -48.24
Revenue YoY 8.46 51.07 -23.83 -15.64
EBITDA YoY 9.94 385.16 -69.10 -34.40
Net Profit YoY 13.42 -45.82

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 5.68 8.76 7.82 7.41
Quick Ratio
Current Ratio 1.37 1.69 1.84 1.85
Debt to Equity 1.22 1.20 0.97 1.14
Long-Term Debt to Equity 0.76 0.73 0.62 0.77
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 6.24 4.26 5.47 5.72 4.61
Quick Ratio
Current Ratio 1.45 1.74 1.63 1.37 1.39
Debt to Equity 1.38 1.28 1.32 1.22 1.21
Long-Term Debt to Equity 0.91 0.92 0.93 0.76 0.75

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 6.90 6.69 8.52 5.89
ROE 15.28 14.70 16.76 12.58
Gross Margin 35.71 34.23 33.05 33.65
Operating Margin 14.97 12.56 11.63 11.70
EBITDA Margin 20.03 17.23 16.45 17.01
Net Profit Margin 9.82 9.09 11.80 9.01
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 2.56 2.44 -0.18 1.45 2.64
ROE 6.07 5.58 -0.42 3.21 5.84
Gross Margin 38.93 39.45 27.19 35.63 38.60
Operating Margin 19.24 19.17 0.52 12.93 19.58
EBITDA Margin 24.67 24.34 7.58 18.68 24.02
Net Profit Margin 13.52 12.92 -1.39 8.26 12.87

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00 0.00 0.00
Dividend Payout Ratio 48.85 29.58 23.74 34.45
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield 0.00 0.00 0.00
Dividend Payout Ratio 16.64 32.33 17.59

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 50,613,000.00 47,469,000.00 45,319,000.00 44,670,000.00
   Current Assets 14,083,000.00 16,885,000.00 14,833,000.00 14,044,000.00
      Cash and Short-Term Investments 3,881,000.00 6,341,000.00 5,931,000.00 5,783,000.00
            Cash and Cash Equivalents 3,720,000.00 6,341,000.00 5,931,000.00 5,783,000.00
            Short-Term Investments 161,000.00 0 0 0
      Net Receivables 0 0 0 0
      Inventory 4,755,000.00 4,291,000.00 4,194,000.00 3,611,000.00
      Other Current Assets 5,447,000.00 6,253,000.00 4,708,000.00 4,650,000.00
   Non-Current Assets 36,530,000.00 30,584,000.00 30,486,000.00 30,626,000.00
      Property, Plant, Equipment Net 22,726,000.00 19,133,000.00 18,943,000.00 19,502,000.00
      Goodwill 11,061,000.00 9,158,000.00 9,199,000.00 9,451,000.00
      Intangible Assets 1,211,000.00 1,041,000.00 1,088,000.00 397,000.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 1,532,000.00 1,252,000.00 1,256,000.00 1,276,000.00
Liabilities 27,763,000.00 25,848,000.00 22,279,000.00 23,756,000.00
   Current Liabilities 10,296,000.00 10,013,000.00 8,041,000.00 7,581,000.00
      Payables and Expenses 0 0 0 0
            Account Payables 3,207,000.00 3,149,000.00 2,930,000.00 2,727,000.00
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 3,264,000.00 2,121,000.00 1,729,000.00 846,000.00
      Other Current Liabilities 7,032,000.00 7,892,000.00 6,312,000.00 6,735,000.00
   Non-Current Liabilities 17,467,000.00 15,835,000.00 14,238,000.00 16,175,000.00
      Long-Term Debt 12,043,000.00 10,901,000.00 9,145,000.00 11,312,000.00
      Other Non-Current Liabilities 5,424,000.00 4,934,000.00 5,093,000.00 4,863,000.00
Equity 22,850,000.00 21,621,000.00 23,040,000.00 20,914,000.00
   Shareholders Equity 21,607,000.00 20,854,000.00 22,157,000.00 20,233,000.00
      Capital Stock 291,000.00 297,000.00 303,000.00 310,000.00
      Share Premium 422,000.00 454,000.00 443,000.00 0
      Retained Earnings 24,036,000.00 22,918,000.00 22,495,000.00 19,770,000.00
      Treasury Shares 2,137,000.00 2,199,000.00 297,000.00 195,000.00
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 1,243,000.00 767,000.00 883,000.00 681,000.00
Debt 15,307,000.00 13,022,000.00 10,874,000.00 12,158,000.00
Net Debt 10,248,000.00 5,301,000.00 3,705,000.00 4,704,000.00
Common Shares Outstanding 677,291.89 692,100.32 744,741.89 770,663.48
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 35,572,000.00 34,949,000.00 32,723,000.00 29,206,000.00
Cost Of Revenue 22,871,000.00 22,986,000.00 21,908,000.00 19,379,000.00
Interest Income 143,000.00 206,000.00 65,000.00 0
Interest Expense 612,000.00 376,000.00 344,000.00 315,000.00
Non-Interest Expense 7,852,000.00 7,486,000.00 7,056,000.00 6,538,000.00
Gross Profit 12,701,000.00 11,963,000.00 10,815,000.00 9,827,000.00
Operating Expenses 7,852,000.00 7,486,000.00 7,056,000.00 6,538,000.00
   Selling, General and Administrative Expenses 7,852,000.00 7,486,000.00 7,056,000.00 6,538,000.00
   Other Operating Expenses 0 0 0 6,525,000.00
Operating Income 4,849,000.00 4,477,000.00 3,759,000.00 3,289,000.00
Net Non-Operating Income 258,000.00 -2,000.00 -69,000.00 90,000.00
EBT 4,714,000.00 4,014,000.00 3,461,000.00 3,102,000.00
Income Tax 1,085,000.00 925,000.00 762,000.00 650,000.00
Net Income Including Non-Controlling Interests 3,521,000.00 3,072,000.00 3,889,000.00 2,686,000.00
Net Income Non-Controlling Interests -29,000.00 106,000.00 -27,000.00 -56,000.00
Net Income 3,492,000.00 3,178,000.00 3,862,000.00 2,630,000.00
EBIT 5,326,000.00 4,390,000.00 3,805,000.00 3,417,000.00
Deprecation and Amortization 1,798,000.00 1,633,000.00 1,577,000.00 1,551,000.00
EBITDA 7,124,000.00 6,023,000.00 5,382,000.00 4,968,000.00
EPS 0.01 0.00 0.01 0.00
Diluted EPS 0.01 0.00 0.01 0.00
Average Shares Outstanding Basic 683,300.00 723,900.00 758,300.00 780,200.00
Average Shares Outstanding Diluted 689,500.00 729,200.00 764,100.00 786,800.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 4,989,000.00 5,017,000.00 3,800,000.00 3,979,000.00
   Operating Net Income 3,521,000.00 3,072,000.00 3,889,000.00 2,686,000.00
   Deprecation and Amortization 0 0 0 0
   Deferred Income Tax 180,000.00 -64,000.00 -63,000.00 99,000.00
   Share Based Compensation 125,000.00 123,000.00 101,000.00 110,000.00
   Change in Working Capital -783,000.00 -447,000.00 -630,000.00 -683,000.00
   Other Operating Activities 1,946,000.00 2,333,000.00 503,000.00 1,767,000.00
Investing Cash Flow -6,291,000.00 -2,391,000.00 -917,000.00 -2,513,000.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -2,578,000.00 -1,817,000.00 -1,523,000.00 -1,554,000.00
   Net Purchase/Sale of Investments Net -9,000.00 -1,000.00 -11,000.00 0
   Net Purchase/Sale of Business -3,816,000.00 -634,000.00 511,000.00 -1,374,000.00
   Other Investing Activities 112,000.00 61,000.00 106,000.00 415,000.00
Financing Cash Flow -1,186,000.00 -2,380,000.00 -2,499,000.00 -3,107,000.00
   Net Issuance/Repayment of Debt 2,142,000.00 1,701,000.00 -326,000.00 -1,183,000.00
   Net Issuance/Repurchase of Equity -1,474,000.00 -3,063,000.00 -1,167,000.00 -883,000.00
   Dividends Paid -1,706,000.00 -940,000.00 -917,000.00 -906,000.00
   Other Financing Activities -148,000.00 -78,000.00 -89,000.00 -135,000.00
Net Change in Cash -2,488,000.00 246,000.00 384,000.00 -1,641,000.00
   Cash at Beginning of Period 6,390,000.00 5,936,000.00 5,783,000.00 7,721,000.00
   Cash at End of Period 3,759,000.00 6,390,000.00 5,936,000.00 5,783,000.00
Free Cash Flow 2,411,000.00 3,200,000.00 2,277,000.00 2,425,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 58,527,000.00 53,984,000.00 51,921,000.00 50,613,000.00 51,221,000.00
   Current Assets 16,852,000.00 15,151,000.00 14,242,000.00 14,083,000.00 14,840,000.00
      Cash and Short-Term Investments 4,198,000.00 2,876,000.00 3,704,000.00 3,881,000.00 3,141,000.00
            Cash and Cash Equivalents 4,198,000.00 2,876,000.00 3,352,000.00 3,720,000.00 2,978,000.00
            Short-Term Investments 0 0 352,000.00 161,000.00 163,000.00
      Net Receivables 0 0 0 0 0
      Inventory 5,019,000.00 5,051,000.00 4,960,000.00 4,755,000.00 4,644,000.00
      Other Current Assets 7,635,000.00 7,224,000.00 5,578,000.00 5,447,000.00 7,055,000.00
   Non-Current Assets 41,675,000.00 38,833,000.00 37,679,000.00 36,530,000.00 36,381,000.00
      Property, Plant, Equipment Net 25,195,000.00 24,312,000.00 23,451,000.00 22,726,000.00 22,611,000.00
      Goodwill 12,676,000.00 11,673,000.00 11,475,000.00 11,061,000.00 10,906,000.00
      Intangible Assets 2,146,000.00 1,239,000.00 1,208,000.00 1,211,000.00 1,105,000.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 1,658,000.00 1,609,000.00 1,545,000.00 1,532,000.00 1,759,000.00
Liabilities 33,898,000.00 30,354,000.00 29,564,000.00 27,763,000.00 28,055,000.00
   Current Liabilities 11,596,000.00 8,684,000.00 8,712,000.00 10,296,000.00 10,668,000.00
      Payables and Expenses 0 0 0 0 0
            Account Payables 3,156,000.00 3,303,000.00 2,777,000.00 3,207,000.00 2,963,000.00
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 4,322,000.00 1,418,000.00 1,705,000.00 3,264,000.00 3,549,000.00
      Other Current Liabilities 7,274,000.00 7,266,000.00 7,007,000.00 7,032,000.00 7,119,000.00
   Non-Current Liabilities 22,302,000.00 21,670,000.00 20,852,000.00 17,467,000.00 17,387,000.00
      Long-Term Debt 16,331,000.00 15,738,000.00 15,288,000.00 12,043,000.00 11,957,000.00
      Other Non-Current Liabilities 5,971,000.00 5,932,000.00 5,564,000.00 5,424,000.00 5,430,000.00
Equity 24,629,000.00 23,630,000.00 22,357,000.00 22,850,000.00 23,166,000.00
   Shareholders Equity 23,309,000.00 22,345,000.00 21,119,000.00 21,607,000.00 21,875,000.00
      Capital Stock 288,000.00 289,000.00 290,000.00 291,000.00 292,000.00
      Share Premium 361,000.00 323,000.00 298,000.00 422,000.00 392,000.00
      Retained Earnings 25,068,000.00 24,106,000.00 23,375,000.00 24,036,000.00 23,831,000.00
      Treasury Shares 2,027,000.00 2,028,000.00 2,038,000.00 2,137,000.00 2,141,000.00
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 1,320,000.00 1,285,000.00 1,238,000.00 1,243,000.00 1,291,000.00
Debt 20,653,000.00 17,156,000.00 16,993,000.00 15,307,000.00 15,506,000.00
Net Debt 14,504,000.00 12,937,000.00 12,319,000.00 10,248,000.00 10,912,000.00
Common Shares Outstanding 670,472.75 673,202.80 676,636.65 677,291.89 679,826.81
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 11,069,000.00 10,206,000.00 6,756,000.00 8,870,000.00 10,515,000.00
Cost Of Revenue 6,760,000.00 6,180,000.00 4,919,000.00 5,710,000.00 6,456,000.00
Interest Income 37,000.00 30,000.00 37,000.00 31,000.00 33,000.00
Interest Expense 209,000.00 200,000.00 181,000.00 160,000.00 164,000.00
Non-Interest Expense 2,338,000.00 2,120,000.00 1,833,000.00 1,933,000.00 2,184,000.00
Gross Profit 4,309,000.00 4,026,000.00 1,837,000.00 3,160,000.00 4,059,000.00
Operating Expenses 2,338,000.00 2,120,000.00 1,833,000.00 1,933,000.00 2,184,000.00
   Selling, General and Administrative Expenses 2,338,000.00 2,120,000.00 1,833,000.00 1,933,000.00 2,184,000.00
Operating Income 1,971,000.00 1,906,000.00 4,000.00 1,227,000.00 1,875,000.00
Net Non-Operating Income 12,000.00 -9,000.00 -20,000.00 12,000.00 62,000.00
EBT 1,921,000.00 1,756,000.00 -146,000.00 987,000.00 1,895,000.00
Income Tax 428,000.00 425,000.00 -58,000.00 143,000.00 531,000.00
Net Income Including Non-Controlling Interests 1,519,000.00 1,332,000.00 -98,000.00 709,000.00 1,389,000.00
Net Income Non-Controlling Interests -23,000.00 -13,000.00 4,000.00 24,000.00 -36,000.00
Net Income 1,496,000.00 1,319,000.00 -94,000.00 733,000.00 1,353,000.00
EBIT 2,130,000.00 1,956,000.00 35,000.00 1,147,000.00 2,059,000.00
Deprecation and Amortization 601,000.00 528,000.00 477,000.00 510,000.00 467,000.00
EBITDA 2,731,000.00 2,484,000.00 512,000.00 1,657,000.00 2,526,000.00
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 672,300.00 674,800.00 676,700.00 678,400.00 681,600.00
Average Shares Outstanding Diluted 675,500.00 677,700.00 676,700.00 683,700.00 685,500.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 1,991,000.00 1,378,000.00 -659,000.00 2,730,000.00 1,486,000.00
   Operating Net Income 1,519,000.00 1,332,000.00 -98,000.00 709,000.00 1,389,000.00
   Deprecation and Amortization 0 0 0 0 0
   Deferred Income Tax 170,000.00 1,000.00 4,000.00 -15,000.00 -2,000.00
   Share Based Compensation 38,000.00 34,000.00 32,000.00 29,000.00 33,000.00
   Change in Working Capital -279,000.00 -600,000.00 -1,136,000.00 1,131,000.00 -280,000.00
   Other Operating Activities 543,000.00 611,000.00 539,000.00 876,000.00 346,000.00
Investing Cash Flow -2,910,000.00 -831,000.00 -964,000.00 -1,886,000.00 -1,788,000.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -474,000.00 -625,000.00 -610,000.00 -2,123,000.00 -420,000.00
   Net Purchase/Sale of Investments Net -39,000.00 -53,000.00 20,000.00 12,000.00 -18,000.00
   Net Purchase/Sale of Business -2,496,000.00 -24,000.00 -549,000.00 -45,000.00 -1,387,000.00
   Other Investing Activities 99,000.00 -129,000.00 175,000.00 270,000.00 37,000.00
Financing Cash Flow 2,331,000.00 -1,153,000.00 1,141,000.00 -42,000.00 -629,000.00
   Net Issuance/Repayment of Debt 2,873,000.00 -294,000.00 1,484,000.00 544,000.00 -81,000.00
   Net Issuance/Repurchase of Equity -285,000.00 -391,000.00 -309,000.00 -253,000.00 -314,000.00
   Dividends Paid -249,000.00 0 0 -237,000.00 -238,000.00
   Other Financing Activities -8,000.00 0 0 -96,000.00 4,000.00
Net Change in Cash 1,412,000.00 -606,000.00 -482,000.00 802,000.00 -931,000.00
   Cash at Beginning of Period 2,876,000.00 3,352,000.00 3,759,000.00 3,080,000.00 3,946,000.00
   Cash at End of Period 4,288,000.00 2,876,000.00 3,352,000.00 3,759,000.00 3,080,000.00
Free Cash Flow 1,399,000.00 723,000.00 -1,304,000.00 1,787,000.00 981,000.00