Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 5.18 4.24 2.28 2.54
Price to Sales 1.28 0.64 0.73 0.77
Book Value Per Common Share
Price to Book
Price to Operating Cash Flow 2.17 1.60 1.68 1.33
Price to Free Cash Flow 2.17 1.71 1.80 1.33
Enterprise Value to EBITDA 17571.29 9798.10 8653.51 10258.16
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 7.31 15.30 13.46 18.76 11.84
Price to Sales 3.30 3.33 3.54 4.80 3.57
Book Value Per Common Share
Price to Book
Price to Operating Cash Flow 4.84 5.29 7.66 6.17 5.45
Price to Free Cash Flow 4.84 5.29 7.66 6.17 5.45
Enterprise Value to EBITDA 46376.40 63033.49 49970.80

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 59.09 -42.61 0.88
Revenue YoY -2.54 21.89 -4.42
EBITDA YoY 8.15 -5.63 7.47
Net Profit YoY 58.84 -42.73 1.80
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 108.70 -17.86 -3.45 -9.38
Revenue YoY 0.72 -1.26 -6.14 6.64
EBITDA YoY -3.12 5.28 -16.95 13.61
Net Profit YoY 248.82 -60.59 1176.58 -92.94

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.85 2.00 1.32 1.29
Quick Ratio 0.87 0.18 0.69 0.74
Current Ratio 0.93 0.23 1.06 0.79
Debt to Equity 0.75 1.03 1.24 1.53
Long-Term Debt to Equity 0.57 0.00 1.07 1.36
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.95 2.13 1.90 1.85 1.41
Quick Ratio 91.07 0.59 58.68 0.87 79.42
Current Ratio 91.07 0.62 58.68 0.93 79.42
Debt to Equity 0.70 0.88 0.70 0.75 0.77
Long-Term Debt to Equity 0.70 0.58 0.69 0.57 0.76

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 4.55 2.67 4.47 4.31
ROE 7.96 5.42 10.00 10.92
Gross Margin 55.09 45.57 41.26 53.53
Operating Margin 52.19 45.65 60.51 52.29
EBITDA Margin 72.75 65.56 84.67 75.31
Net Profit Margin 24.66 15.13 32.21 30.24
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 2.37 0.64 1.62 0.13 1.79
ROE 4.04 1.20 2.75 0.22 3.16
Gross Margin 53.73 55.22 53.01 51.72 56.46
Operating Margin 48.30 51.12 47.14 56.73 50.77
EBITDA Margin 69.08 71.82 67.36 76.13 71.46
Net Profit Margin 47.97 13.85 34.70 2.55 38.53

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 38.32 47.61 27.27 27.76
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 19.15 90.31 36.71 473.28 21.65

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 847,153.00 908,913.00 947,712.00 965,481.00
   Current Assets 78,162.00 105,257.00 74,221.00 51,167.00
      Cash and Short-Term Investments 68,156.00 73,752.00 48,598.00 47,015.00
            Cash and Cash Equivalents 68,156.00 73,752.00 48,598.00 47,015.00
            Short-Term Investments 0 0 0 0
      Net Receivables 5,094.00 6,789.00 67.00 1,234.00
      Inventory 894.00 751.00 885.00 909.00
      Other Current Assets 4,018.00 23,965.00 24,671.00 2,009.00
   Non-Current Assets 768,991.00 803,656.00 873,491.00 914,314.00
      Property, Plant, Equipment Net 765,212.00 797,363.00 825,105.00 853,190.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 640.00 856.00 1,289.00 1,505.00
      Other Non-Current Assets 3,139.00 5,437.00 47,097.00 59,619.00
Liabilities 362,352.00 460,673.00 523,781.00 583,997.00
   Current Liabilities 83,896.00 458,761.00 70,270.00 64,928.00
      Payables and Expenses 19,467.00 18,661.00 12,163.00 7,321.00
            Account Payables 13,181.00 13,815.00 8,035.00 5,653.00
            Current Accrued Liabilities 5,587.00 3,291.00 2,656.00 1,421.00
      Short-Term Debt 43,644.00 419,584.00 46,252.00 45,947.00
      Other Current Liabilities 20,785.00 20,516.00 11,855.00 11,660.00
   Non-Current Liabilities 278,456.00 1,912.00 453,511.00 519,069.00
      Long-Term Debt 277,073.00 0 450,781.00 516,019.00
      Other Non-Current Liabilities 1,383.00 0 2,730.00 3,050.00
Equity 484,801.00 448,240.00 423,931.00 381,484.00
   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 320,717.00 419,584.00 497,033.00 561,966.00
Net Debt 252,561.00 345,832.00 448,435.00 514,951.00
Common Shares Outstanding 36,747.13 36,802.25 36,802.25 36,802.25
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 156,403.00 160,480.00 131,657.00 137,746.00
Cost Of Revenue 70,242.00 87,346.00 77,330.00 64,007.00
Interest Income 2,547.00 2,593.00 829.00 0
Interest Expense 30,040.00 37,387.00 25,661.00 18,762.00
Non-Interest Expense 2,143.00 2,032.00 2,787.00 3,105.00
Gross Profit 86,161.00 73,134.00 54,327.00 73,739.00
Operating Expenses 8,742.00 8,421.00 8,990.00 9,128.00
   Selling, General and Administrative Expenses 2,143.00 2,032.00 2,787.00 3,105.00
   Other Operating Expenses 6,599.00 6,389.00 6,203.00 6,023.00
Operating Income 77,419.00 64,713.00 45,337.00 64,611.00
Net Non-Operating Income 1,377.00 2,663.00 28.00 -35.00
EBT 51,591.00 35,872.00 54,010.00 53,260.00
Income Tax 0 0 0 0
Net Income Including Non-Controlling Interests 51,591.00 35,872.00 54,010.00 53,260.00
Net Income 38,575.00 24,285.00 42,405.00 41,656.00
EBIT 81,631.00 73,259.00 79,671.00 72,022.00
Deprecation and Amortization 32,151.00 31,946.00 31,806.00 31,710.00
EBITDA 113,782.00 105,205.00 111,477.00 103,732.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 36,799.49 36,802.25 36,802.25 36,504.12
Average Shares Outstanding Diluted 36,799.49 36,802.25 36,802.25 36,504.12
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 92,158.00 64,391.00 57,324.00 79,591.00
   Operating Net Income 51,591.00 35,872.00 54,010.00 53,260.00
   Deprecation and Amortization 32,151.00 31,946.00 31,806.00 31,710.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 0 0
   Change in Working Capital 3,285.00 -9,504.00 -7,129.00 1,717.00
   Other Operating Activities 5,131.00 6,077.00 -21,363.00 -7,096.00
Investing Cash Flow -27.00 -4,238.00 -3,635.00 0
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -27.00 -4,238.00 -3,635.00 0
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0.00 0.00 0.00 0
Financing Cash Flow -97,727.00 -66,269.00 -70,836.00 -57,555.00
   Net Issuance/Repayment of Debt -97,751.00 -79,270.00 -64,893.00 -48,000.00
   Net Issuance/Repurchase of Equity -247.00 0 0 3,407.00
   Dividends Paid -14,781.00 -11,563.00 -11,563.00 -11,563.00
   Other Financing Activities 15,052.00 24,564.00 5,620.00 -1,399.00
Net Change in Cash -5,596.00 -6,116.00 -17,147.00 22,036.00
   Cash at Beginning of Period 73,752.00 79,868.00 97,015.00 74,979.00
   Cash at End of Period 68,156.00 73,752.00 79,868.00 97,015.00
Free Cash Flow 92,131.00 60,153.00 53,689.00 79,591.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Assets 785,697.00 839,269.00 837,002.00 847,153.00 840,706.00 0 0
   Current Assets 36,703.00 84,745.00 72,299.00 78,162.00 55,518.00 0 0
      Cash and Short-Term Investments 34,728.00 77,856.00 69,976.00 68,156.00 52,021.00 0 0
            Cash and Cash Equivalents 34,728.00 77,856.00 69,976.00 68,156.00 52,021.00 0 0
            Short-Term Investments 0 0 0 0 0 0 0
      Net Receivables 1,975.00 1,930.00 2,323.00 5,094.00 3,497.00 0 0
      Inventory 0 937.00 0 894.00 0 769.00 0
      Other Current Assets 0 4,022.00 0 4,018.00 0 0 0
   Non-Current Assets 748,994.00 754,524.00 764,703.00 768,991.00 785,188.00 0 0
      Property, Plant, Equipment Net 741,230.00 749,312.00 757,306.00 765,212.00 773,294.00 0 0
      Goodwill 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 565.00 0 640.00 0 749.00 0
      Other Non-Current Assets 0 4,647.00 0 3,139.00 0 0 0
Liabilities 324,137.00 393,411.00 343,843.00 362,352.00 364,704.00 0 0
   Current Liabilities 403.00 135,665.00 1,232.00 83,896.00 699.00 0 0
      Payables and Expenses 403.00 19,187.00 1,232.00 19,467.00 699.00 0 0
            Account Payables 0 13,149.00 0 13,181.00 0 12,076.00 0
            Current Accrued Liabilities 0 4,578.00 0 5,587.00 0 2,454.00 0
      Short-Term Debt 0 43,676.00 0 43,644.00 0 43,612.00 0
      Other Current Liabilities 0 72,802.00 0 20,785.00 0 0 0
   Non-Current Liabilities 323,734.00 257,746.00 342,611.00 278,456.00 364,005.00 0 0
      Long-Term Debt 0 255,225.00 0 277,073.00 331,617.00 298,901.00 407,959.00
      Other Non-Current Liabilities 0 2,521.00 0 1,383.00 32,388.00 0 0
Equity 461,560.00 445,858.00 493,159.00 484,801.00 476,002.00 0 0
   Shareholders Equity 0 0 0 0 0 0 0
      Capital Stock 0 0 0 0 0 0 0
      Share Premium 0 0 0 0 0 0 0
      Retained Earnings 0 0 0 0 0 0 0
      Treasury Shares 0 0 44.00 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0
Debt 0 298,901.00 0 320,717.00 331,617.00 342,513.00 407,959.00
Net Debt 0 177,369.00 0 252,561.00 279,596.00 8,047.00 331,804.00
Common Shares Outstanding 36,530.94 36,530.94 36,687.26 36,747.13 36,802.25 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 38,891.00 38,613.00 39,107.00 41,664.00 39,069.00
Cost Of Revenue 17,993.00 17,290.00 18,377.00 20,116.00 17,009.00
Interest Expense 0 6,029.00 4,866.00 6,861.00 6,342.00
Non-Interest Expense 405.00 457.00 514.00 464.00 565.00
Gross Profit 20,898.00 21,323.00 20,730.00 21,548.00 22,060.00
Operating Expenses 2,114.00 2,147.00 2,185.00 2,123.00 2,224.00
   Selling, General and Administrative Expenses 405.00 457.00 514.00 464.00 565.00
   Other Operating Expenses 1,709.00 1,690.00 1,671.00 1,659.00 1,659.00
Operating Income 18,784.00 19,176.00 18,545.00 19,425.00 19,836.00
Net Non-Operating Income 5,162.00 -237.00 -109.00 104.00 1,473.00
EBT 18,655.00 13,709.00 13,570.00 14,079.00 15,054.00
Income Tax 0 0 0 0 0
Net Income Including Non-Controlling Interests 18,655.00 13,709.00 13,570.00 14,079.00 15,054.00
Net Income 18,655.00 5,348.00 13,570.00 1,063.00 15,054.00
EBIT 18,784.00 19,738.00 18,436.00 23,637.00 19,836.00
Deprecation and Amortization 8,082.00 7,994.00 7,906.00 8,081.00 8,082.00
EBITDA 26,866.00 27,732.00 26,342.00 31,718.00 27,918.00
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 36,530.94 36,552.64 36,737.64 36,791.28 36,802.25
Average Shares Outstanding Diluted 36,530.94 36,552.64 36,737.64 36,791.28 36,802.25
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 26,485.00 24,310.00 18,074.00 32,455.00 25,592.00
   Operating Net Income 18,655.00 13,709.00 13,570.00 14,079.00 15,054.00
   Deprecation and Amortization 8,082.00 7,994.00 7,906.00 8,081.00 8,082.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital -1,144.00 1,721.00 -4,283.00 9,240.00 1,285.00
   Other Operating Activities 892.00 886.00 881.00 1,055.00 1,171.00
Investing Cash Flow 0 0 0 0 0
   Capital Expenditure 0 0 0 0 0
   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 0 0 0 0 0
Financing Cash Flow -69,613.00 -16,430.00 -16,254.00 -16,320.00 -9,136.00
   Net Issuance/Repayment of Debt -11,041.00 -11,042.00 -11,042.00 -11,042.00 -11,042.00
   Net Issuance/Repurchase of Equity -55,000.00 0 0 0 0
   Dividends Paid -3,572.00 -4,830.00 -4,981.00 -5,031.00 -3,259.00
   Other Financing Activities 0.00 0 0 0 5,165.00
Net Change in Cash -43,128.00 7,880.00 1,820.00 16,135.00 16,456.00
   Cash at Beginning of Period 77,856.00 69,976.00 68,156.00 52,021.00 35,565.00
   Cash at End of Period 34,728.00 77,856.00 69,976.00 68,156.00 52,021.00
Free Cash Flow 26,485.00 24,310.00 18,074.00 32,455.00 25,592.00