Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 27.03 21.24 5.25 8.69
Price to Sales 0.20 0.37 0.20 0.36
Book Value Per Common Share 4.92 4.89 5.43 2.19
Price to Book 2.09 4.08 2.18 8.18
Price to Operating Cash Flow 4.97 6.75 4.66 6.25
Price to Free Cash Flow -13.36 44.19 22.35 17.84
Enterprise Value to EBITDA 27198.59 45863.81 31675.13 31612.33
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 23.62 53.20 38.81 -30.21 325.20
Price to Sales 0.95 0.89 0.73 0.95 1.31
Book Value Per Common Share 6.13 5.59 5.21 4.92 6.87
Price to Book 2.43 2.38 1.94 2.09 2.37
Price to Operating Cash Flow 20.84 16.43 24.79 -58.99 24.63
Price to Free Cash Flow 85.96 50.63 -130.70 -8.83 -211.72
Enterprise Value to EBITDA 86527.07 112489.13 102286.31 344847.19 187972.14

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -59.56 -58.28 9.29
Revenue YoY -6.27 -8.27 22.49
EBITDA YoY -15.18 18.55 -32.86
Net Profit YoY -63.16 -50.65 5.85
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 152.00 -3.85
Revenue YoY 3.00 6.27 26.35 -13.08
EBITDA YoY 43.64 17.02 229.84 -66.22
Net Profit YoY 144.44 -2.70

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.97 1.53 1.29 1.41
Quick Ratio 0.43 0.48 0.41 0.50
Current Ratio 1.27 1.28 1.22 1.13
Debt to Equity 5.51 5.65 5.57 14.89
Long-Term Debt to Equity 3.52 3.55 3.31 9.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.88 0.94 0.83 0.98 1.40
Quick Ratio 0.51 0.50 0.52 0.43 0.52
Current Ratio 1.28 1.23 1.24 1.27 1.28
Debt to Equity 5.23 5.72 5.76 5.51 4.18
Long-Term Debt to Equity 3.09 3.37 3.39 3.52 2.55

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 1.18 3.08 5.81 5.56
ROE 7.70 20.49 38.19 88.32
Gross Margin 12.79 13.48 11.29 10.79
Operating Margin 3.24 4.33 2.92 7.18
EBITDA Margin 7.39 8.17 6.32 11.52
Net Profit Margin 0.76 1.94 3.61 4.18
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 1.64 0.67 0.72 -0.92 0.13
ROE 10.20 4.51 4.84 -5.97 0.68
Gross Margin 14.50 12.51 13.29 26.37 11.38
Operating Margin 7.06 3.95 3.18 -1.13 2.50
EBITDA Margin 10.94 7.85 7.12 2.73 7.02
Net Profit Margin 4.06 1.71 1.87 -2.77 0.39

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 4,734,000.00 4,933,000.00 5,298,716.34 5,235,388.69
   Current Assets 1,834,000.00 1,992,000.00 2,219,862.95 2,194,243.79
      Cash and Short-Term Investments 141,000.00 223,000.00 185,524.78 199,270.85
            Cash and Cash Equivalents 141,000.00 223,000.00 152,280.45 133,602.05
            Short-Term Investments 0 33,162.00 33,244.32 65,668.80
      Net Receivables 486,000.00 531,000.00 569,443.10 763,116.78
      Inventory 1,181,000.00 1,197,000.00 1,415,564.78 1,188,831.77
      Other Current Assets 26,000.00 41,000.00 49,330.29 43,024.39
   Non-Current Assets 2,900,000.00 2,941,000.00 3,078,853.39 3,041,144.90
      Property, Plant, Equipment Net 2,408,000.00 2,422,000.00 2,163,025.88 2,205,566.00
      Goodwill 46,000.00 41,000.00 512,606.03 510,631.55
      Intangible Assets 97,000.00 104,000.00 57,909.47 65,668.80
      Long-Term Investments 0 2,210.80 8,579.18 13,586.65
      Non-Current Deferred Assets 311,000.00 337,000.00 290,619.74 183,419.76
      Other Non-Current Assets 0 34,789.20 46,113.10 62,272.14
Liabilities 4,007,000.00 4,191,000.00 4,492,273.38 4,905,912.46
   Current Liabilities 1,446,000.00 1,556,000.00 1,826,293.04 1,940,626.34
      Payables and Expenses 1,041,000.00 1,114,000.00 1,322,266.19 1,300,921.63
            Account Payables 959,000.00 1,025,000.00 1,238,619.18 1,205,815.09
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 56,000.00 59,000.00 158,714.84 292,112.95
      Other Current Liabilities 349,000.00 383,000.00 345,312.01 347,591.77
   Non-Current Liabilities 2,561,000.00 2,635,000.00 2,665,980.33 2,965,286.11
      Long-Term Debt 1,879,000.00 1,888,000.00 2,046,134.54 2,118,385.00
      Other Non-Current Liabilities 682,000.00 747,000.00 619,845.79 846,901.11
Equity 727,000.00 742,000.00 806,442.96 329,476.23
   Shareholders Equity 706,000.00 718,000.00 783,922.62 310,228.48
      Capital Stock 4,000.00 4,000.00 3,217.19 3,396.66
      Share Premium 513,000.00 513,000.00 450,406.97 475,532.71
      Retained Earnings 203,000.00 201,000.00 330,298.45 -168,700.89
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -14,000.00 0 0 0
   Minority Interest 21,000.00 24,000.00 22,520.35 19,247.75
Debt 1,935,000.00 1,947,000.00 2,204,849.38 2,410,497.95
Net Debt 1,777,000.00 1,706,000.00 2,052,568.93 2,276,895.90
Common Shares Outstanding 143,523.31 146,819.88 144,301.59 141,677.37
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 7,335,000.00 7,826,000.00 8,532,000.00 6,965,421.98
Cost Of Revenue 6,397,000.00 6,771,000.00 7,569,000.00 6,213,627.41
Interest Expense 103,000.00 107,000.00 99,000.00 141,527.59
Non-Interest Expense 313,000.00 317,000.00 284,000.00 292,112.95
Gross Profit 938,000.00 1,055,000.00 963,000.00 751,794.57
Operating Expenses 666,000.00 669,000.00 620,000.00 336,269.56
   Selling, General and Administrative Expenses 313,000.00 317,000.00 284,000.00 292,112.95
   Research and Development Expenses 49,000.00 52,000.00 46,000.00 44,156.61
Operating Income 272,000.00 386,000.00 343,000.00 415,525.01
Net Non-Operating Income -5,000.00 -7,000.00 -10,000.00 -33,966.62
EBT 135,000.00 232,000.00 150,000.00 358,913.97
Income Tax 75,000.00 75,000.00 -165,000.00 62,272.14
Net Income Including Non-Controlling Interests 60,000.00 157,000.00 315,000.00 296,641.83
Net Income Non-Controlling Interests -4,000.00 -5,000.00 -7,000.00 -5,661.10
Net Income 56,000.00 152,000.00 308,000.00 290,980.73
EBIT 238,000.00 339,000.00 249,000.00 500,441.57
Deprecation and Amortization 304,000.00 300,000.00 290,000.00 302,302.94
EBITDA 542,000.00 639,000.00 539,000.00 802,744.50
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 145,719.00 146,130.00 143,626.00 140,995.00
Average Shares Outstanding Diluted 148,004.00 149,236.00 146,606.00 147,170.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 301,000.00 432,000.00 365,000.00 404,202.80
   Operating Net Income 60,000.00 157,000.00 315,000.00 296,641.83
   Deprecation and Amortization 304,000.00 300,000.00 290,000.00 302,302.94
   Deferred Income Tax 75,000.00 75,000.00 -165,000.00 62,272.14
   Share Based Compensation 0 0 0 0
   Change in Working Capital -138,000.00 -72,000.00 -147,000.00 -295,509.61
   Other Operating Activities 0.00 -28,000.00 72,000.00 38,495.51
Investing Cash Flow -313,000.00 -216,000.00 -196,000.00 -250,220.78
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -401,000.00 -365,000.00 -284,000.00 -262,675.21
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 3,000.00 51,000.00 0 1,132.22
   Other Investing Activities 85,000.00 98,000.00 88,000.00 11,322.21
Financing Cash Flow -61,000.00 -177,000.00 -150,000.00 -492,516.02
   Net Issuance/Repayment of Debt 28,000.00 -166,000.00 -144,000.00 -426,847.22
   Net Issuance/Repurchase of Equity -79,000.00 0 0 0
   Dividends Paid 0 0 0 0
   Other Financing Activities -10,000.00 -11,000.00 -6,000.00 0
Net Change in Cash -73,000.00 39,000.00 19,000.00 -338,534.00
   Cash at Beginning of Period 223,000.00 176,000.00 166,000.00 497,044.90
   Cash at End of Period 141,000.00 223,000.00 176,000.00 166,436.45
Free Cash Flow -112,000.00 66,000.00 76,000.00 141,527.59
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Assets 5,375,000.00 5,368,000.00 5,168,000.00 4,734,000.00 5,318,649.90 0
   Current Assets 2,353,000.00 2,312,000.00 2,236,000.00 1,834,000.00 2,134,384.70 0
      Cash and Short-Term Investments 122,000.00 133,000.00 118,000.00 141,000.00 203,274.73 0
            Cash and Cash Equivalents 122,000.00 133,000.00 118,000.00 141,000.00 169,767.91 0
            Short-Term Investments 0 0 0 0 33,506.82 23,581.87
      Net Receivables 819,000.00 805,000.00 818,000.00 486,000.00 660,084.44 0
      Inventory 1,366,000.00 1,328,000.00 1,278,000.00 1,181,000.00 1,271,025.53 0
      Other Current Assets 46,000.00 46,000.00 22,000.00 26,000.00 0.00 0
   Non-Current Assets 3,022,000.00 3,056,000.00 2,932,000.00 2,900,000.00 3,184,265.20 0
      Property, Plant, Equipment Net 2,572,000.00 2,564,000.00 2,456,000.00 2,408,000.00 2,319,789.13 0
      Goodwill 47,000.00 47,000.00 46,000.00 46,000.00 514,888.20 0
      Intangible Assets 90,000.00 93,000.00 94,000.00 97,000.00 46,909.55 0
      Long-Term Investments 0 0 0 0 7,818.26 2,143.81
      Non-Current Deferred Assets 257,000.00 291,000.00 294,000.00 311,000.00 253,534.97 0
      Other Non-Current Assets 0 0 0 0 41,325.08 0
Liabilities 4,512,000.00 4,569,000.00 4,403,000.00 4,007,000.00 4,291,107.29 0
   Current Liabilities 1,842,000.00 1,873,000.00 1,808,000.00 1,446,000.00 1,670,873.63 0
      Payables and Expenses 1,375,000.00 1,396,000.00 1,366,000.00 1,041,000.00 1,565,885.59 0
            Account Payables 1,275,000.00 1,294,000.00 1,267,000.00 959,000.00 1,548,015.28 0
            Current Accrued Liabilities 0 0 0 0 0 0
      Short-Term Debt 59,000.00 75,000.00 54,000.00 56,000.00 59,195.39 0
      Other Current Liabilities 408,000.00 402,000.00 388,000.00 349,000.00 45,792.66 0
   Non-Current Liabilities 2,670,000.00 2,696,000.00 2,595,000.00 2,561,000.00 2,620,233.65 0
      Long-Term Debt 2,073,000.00 2,075,000.00 2,007,000.00 1,879,000.00 1,982,487.10 0
      Other Non-Current Liabilities 597,000.00 621,000.00 588,000.00 682,000.00 637,746.55 0
Equity 863,000.00 799,000.00 765,000.00 727,000.00 1,027,542.61 0
   Shareholders Equity 845,000.00 780,000.00 745,000.00 706,000.00 1,005,204.73 0
      Capital Stock 4,000.00 4,000.00 4,000.00 4,000.00 3,350.68 0
      Share Premium 513,000.00 513,000.00 513,000.00 513,000.00 469,095.54 0
      Retained Earnings 240,000.00 152,000.00 116,000.00 203,000.00 405,432.57 0
      Treasury Shares 114,000.00 89,000.00 54,000.00 0 33,506.82 10,719.03
      Accumulated Other Comprehensive Income 202,000.00 200,000.00 166,000.00 -14,000.00 160,832.76 0
   Minority Interest 18,000.00 19,000.00 20,000.00 21,000.00 22,337.88 0
Debt 2,132,000.00 2,150,000.00 2,061,000.00 1,935,000.00 2,041,682.49 0
Net Debt 1,890,000.00 1,893,000.00 1,825,000.00 1,777,000.00 1,871,914.58 0
Common Shares Outstanding 137,801.78 139,539.02 142,918.00 143,523.31 146,266.25 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 2,166,000.00 2,103,000.00 1,979,000.00 1,566,241.76 1,802,000.00
Cost Of Revenue 1,852,000.00 1,840,000.00 1,716,000.00 1,153,182.01 1,597,000.00
Interest Expense 27,000.00 27,000.00 1,000.00 -9,806.31 26,000.00
Non-Interest Expense 85,000.00 84,000.00 75,000.00 76,218.44 66,000.00
Gross Profit 314,000.00 263,000.00 263,000.00 413,059.75 205,000.00
Operating Expenses 181,000.00 178,000.00 166,000.00 385,659.57 153,000.00
   Selling, General and Administrative Expenses 85,000.00 84,000.00 75,000.00 76,218.44 66,000.00
   Research and Development Expenses 12,000.00 12,000.00 13,000.00 5,441.13 11,000.00
Operating Income 133,000.00 85,000.00 97,000.00 27,400.18 52,000.00
Net Non-Operating Income -3,000.00 -5,000.00 -4,000.00 -16,168.94 1,000.00
EBT 126,000.00 56,000.00 62,000.00 -7,962.45 19,000.00
Income Tax 38,000.00 20,000.00 24,000.00 33,674.92 11,000.00
Net Income Including Non-Controlling Interests 88,000.00 36,000.00 38,000.00 -41,637.37 8,000.00
Net Income Non-Controlling Interests 0 0 -1,000.00 -1,766.21 -1,000.00
Net Income 88,000.00 36,000.00 37,000.00 -43,403.58 7,000.00
EBIT 153,000.00 83,000.00 63,000.00 -17,768.76 45,000.00
Deprecation and Amortization 84,000.00 82,000.00 78,000.00 60,517.08 81,533.27
EBITDA 237,000.00 165,000.00 141,000.00 42,748.32 126,533.27
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 138,668.97 140,821.00 142,495.50 144,361.00 145,492.48
Average Shares Outstanding Diluted 140,524.64 142,244.00 144,089.53 144,361.00 147,241.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 99,000.00 114,000.00 58,000.00 -25,133.09 96,052.90
   Operating Net Income 88,000.00 36,000.00 38,000.00 -41,637.37 3,350.68
   Deprecation and Amortization 84,000.00 82,000.00 78,000.00 60,517.08 81,533.27
   Deferred Income Tax 38,000.00 20,000.00 24,000.00 33,674.92 5,584.47
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital -81,000.00 1,000.00 -81,000.00 -124,597.27 37,974.40
   Other Operating Activities -30,000.00 -25,000.00 -1,000.00 46,909.55 -32,389.93
Investing Cash Flow -69,000.00 -72,000.00 -59,000.00 -53,880.56 -103,871.16
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -69,000.00 -73,000.00 -61,000.00 -130,711.62 -107,221.84
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 -350.68 3,350.68
   Other Investing Activities 0 0 0 77,181.74 0.00
Financing Cash Flow -41,000.00 -36,000.00 -26,000.00 61,858.36 -60,312.28
   Net Issuance/Repayment of Debt -15,000.00 20,000.00 2,000.00 63,740.61 -16,753.41
   Net Issuance/Repurchase of Equity -25,000.00 -35,000.00 -15,000.00 -16,453.93 -21,220.99
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -1,000.00 -21,000.00 -13,000.00 14,571.67 -22,337.88
Net Change in Cash -11,000.00 6,000.00 -27,000.00 -17,155.29 -68,130.54
   Cash at Beginning of Period 133,000.00 118,000.00 141,000.00 169,767.91 237,898.45
   Cash at End of Period 122,000.00 133,000.00 118,000.00 141,000.00 169,767.91
Free Cash Flow 24,000.00 37,000.00 -11,000.00 -167,844.71 -11,168.94