DQ
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -3.72 | 4.72 | 1.58 | 3.94 |
| Price to Sales | 1.25 | 0.86 | 0.64 | 1.77 |
| Book Value Per Common Share | 13.07 | 14.48 | 12.29 | 5.80 |
| Price to Book | 1.49 | 1.84 | 3.14 | 6.95 |
| Price to Operating Cash Flow | -2.95 | 1.23 | 1.19 | 4.66 |
| Price to Free Cash Flow | -1.60 | 4.63 | 2.42 | 22.78 |
| Enterprise Value to EBITDA | 47961.85 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -127.86 | -13.31 | -16.93 | -7.17 | -22.14 |
| Price to Sales | 7.77 | 13.57 | 9.78 | 6.63 | 6.80 |
| Book Value Per Common Share | 64.46 | 12.90 | 12.91 | 13.07 | 14.10 |
| Price to Book | 0.44 | 1.18 | 1.40 | 1.49 | 1.44 |
| Price to Operating Cash Flow | 34.28 | -15.33 | -31.18 | -21.97 | -13.80 |
| Price to Free Cash Flow | 82.91 | -10.55 | -12.56 | -14.04 | -10.27 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -76.99 | 139.36 | ||
| Revenue YoY | -55.41 | -49.92 | 174.50 | |
| EBITDA YoY | -70.38 | 178.86 | ||
| Net Profit YoY | -76.40 | 142.99 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 225.31 | -39.32 | -36.57 | -1.58 | |
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 31.79 | 40.67 | 46.31 | 13.59 |
| Quick Ratio | 4.14 | 3.77 | 6.31 | 2.49 |
| Current Ratio | 5.05 | 4.28 | 6.64 | 3.17 |
| Debt to Equity | 0.10 | 0.15 | 0.15 | 0.26 |
| Long-Term Debt to Equity | 0.01 | 0.02 | 0.04 | 0.05 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 29.87 | 29.42 | 31.16 | 31.58 | 34.89 |
| Quick Ratio | 4.70 | 4.54 | 4.68 | 4.14 | 3.81 |
| Current Ratio | 5.65 | 5.65 | 5.62 | 5.05 | 4.61 |
| Debt to Equity | 0.09 | 0.08 | 0.09 | 0.10 | 0.11 |
| Long-Term Debt to Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -5.38 | 5.78 | 23.96 | 22.40 |
| ROE | -5.89 | 6.66 | 27.55 | 28.11 |
| Gross Margin | -20.69 | 39.89 | 73.95 | 65.36 |
| Operating Margin | -37.75 | 33.95 | 65.98 | 62.63 |
| EBITDA Margin | -17.70 | 40.40 | 68.30 | 67.24 |
| Net Profit Margin | -33.55 | 18.61 | 39.49 | 44.61 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -0.24 | -1.22 | -1.14 | -2.81 | -0.86 |
| ROE | -0.26 | -1.32 | -1.24 | -3.08 | -0.96 |
| Gross Margin | 3.95 | -108.27 | -65.80 | -33.41 | -30.53 |
| Operating Margin | -8.30 | -152.93 | -92.04 | -64.14 | -49.39 |
| EBITDA Margin | -8.30 | -152.93 | -92.04 | -64.14 | -49.39 |
| Net Profit Margin | -6.10 | -101.71 | -57.97 | -92.23 | -30.59 |
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 | 2020-12-31 |
|---|---|---|---|---|---|
| Assets | 6,418,243.00 | 7,426,866.00 | 7,594,096.00 | 3,343,651.00 | 0 |
| Current Assets | 2,631,547.00 | 3,576,578.00 | 4,889,163.00 | 1,742,980.00 | 0 |
| Cash and Short-Term Investments | 2,103,365.00 | 3,038,827.00 | 3,513,415.00 | 1,004,026.00 | 0 |
| Cash and Cash Equivalents | 1,006,536.00 | 3,038,827.00 | 3,499,488.00 | 723,775.00 | 0 |
| Short-Term Investments | 1,096,829.00 | 0 | 13,927.00 | 280,251.00 | 0 |
| Net Receivables | 55,153.00 | 116,392.00 | 1,131,584.00 | 365,911.00 | 0 |
| Inventory | 149,939.00 | 173,271.00 | 169,517.00 | 327,771.00 | 0 |
| Other Current Assets | 323,090.00 | 248,088.00 | 74,647.00 | 45,272.00 | 0 |
| Non-Current Assets | 3,786,696.00 | 3,850,288.00 | 2,704,933.00 | 1,600,671.00 | 0 |
| Property, Plant, Equipment Net | 3,499,210.00 | 3,626,423.00 | 2,605,195.00 | 1,559,110.00 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 152,869.00 | 150,358.00 | 80,330.00 | 40,741.00 | 0 |
| Long-Term Investments | 27,636.00 | 27,584.00 | 0 | 0 | 685.00 |
| Non-Current Deferred Assets | 84,596.00 | 3,422.00 | 1,809.00 | 0 | 0 |
| Other Non-Current Assets | 22,385.00 | 42,501.00 | 0 | 0 | 0 |
| Liabilities | 560,377.00 | 978,582.00 | 989,490.00 | 679,821.00 | 0 |
| Current Liabilities | 521,235.00 | 836,429.00 | 736,542.00 | 550,499.00 | 0 |
| Payables and Expenses | 477,221.00 | 687,445.00 | 593,863.00 | 347,541.00 | 0 |
| Account Payables | 26,448.00 | 92,879.00 | 81,875.00 | 81,469.00 | 0 |
| Current Accrued Liabilities | 33,309.00 | 73,082.00 | 51,497.00 | 40,848.00 | 0 |
| Short-Term Debt | 6,822.00 | 0 | 20,687.00 | 0 | 119,868.00 |
| Other Current Liabilities | 37,192.00 | 0 | 121,992.00 | 0 | 0 |
| Non-Current Liabilities | 39,142.00 | 142,153.00 | 252,948.00 | 129,322.00 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 123,222.00 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Equity | 5,857,866.00 | 6,448,284.00 | 6,604,606.00 | 2,663,830.00 | 0 |
| Shareholders Equity | 4,361,192.00 | 4,761,907.00 | 4,807,376.00 | 2,161,959.00 | 0 |
| Capital Stock | 42.00 | 41.00 | 40.00 | 38.00 | 0 |
| Share Premium | 2,408,799.00 | 2,340,084.00 | 2,211,203.00 | 1,016,855.00 | 0 |
| Retained Earnings | 2,983,173.00 | 3,328,388.00 | 2,898,843.00 | 1,079,042.00 | 0 |
| Treasury Shares | 617,612.00 | 612,609.00 | 126,678.00 | 1,749.00 | 0 |
| Accumulated Other Comprehensive Income | -413,210.00 | -293,997.00 | -176,032.00 | 67,773.00 | 0 |
| Minority Interest | 1,496,674.00 | 1,686,377.00 | 1,797,230.00 | 501,871.00 | 0 |
| Debt | 6,822.00 | 0 | 20,687.00 | 0 | 243,090.00 |
| Net Debt | 0 | 0 | 0 | 0 | 166,412.00 |
| Common Shares Outstanding | 333,759.63 | 328,800.00 | 391,023.33 | 372,534.65 | 0 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 1,029,080.00 | 2,307,695.00 | 4,608,350.00 | 1,678,793.00 |
| Cost Of Revenue | 1,242,012.00 | 1,387,045.00 | 1,200,428.00 | 581,585.00 |
| Interest Income | 30,223.00 | 52,302.00 | 14,473.00 | 0 |
| Interest Expense | 0 | 0 | 0 | 20,482.00 |
| Non-Interest Expense | 143,089.00 | 213,241.00 | 354,074.00 | 39,904.00 |
| Gross Profit | -212,932.00 | 920,650.00 | 3,407,922.00 | 1,097,208.00 |
| Operating Expenses | 175,533.00 | 137,220.00 | 367,296.00 | 45,790.00 |
| Selling, General and Administrative Expenses | 143,089.00 | 213,241.00 | 354,074.00 | 39,904.00 |
| Research and Development Expenses | 4,559.00 | 10,116.00 | 10,041.00 | 6,495.00 |
| Other Operating Expenses | 9,813.00 | -86,137.00 | 3,181.00 | -609.00 |
| Operating Income | -388,465.00 | 783,430.00 | 3,040,626.00 | 1,051,418.00 |
| EBT | -518,061.00 | 818,474.00 | 3,056,889.00 | 1,034,948.00 |
| Income Tax | -69,907.00 | 165,588.00 | 577,247.00 | 170,101.00 |
| Net Income Including Non-Controlling Interests | -448,154.00 | 652,886.00 | 2,479,642.00 | 864,847.00 |
| Net Income Non-Controlling Interests | 102,939.00 | -223,341.00 | -659,841.00 | -115,923.00 |
| Net Income | -345,215.00 | 429,545.00 | 1,819,801.00 | 748,924.00 |
| EBIT | -388,465.00 | 783,430.00 | 3,040,626.00 | 1,051,418.00 |
| Deprecation and Amortization | 206,358.00 | 148,889.00 | 107,097.00 | 77,366.00 |
| EBITDA | -182,107.00 | 932,319.00 | 3,147,723.00 | 1,128,784.00 |
| EPS | -0.01 | 0.01 | 0.02 | 0.01 |
| Diluted EPS | -0.01 | 0.01 | 0.02 | 0.01 |
| Average Shares Outstanding Basic | 66,158.66 | 74,717.20 | 75,873.06 | 73,868.22 |
| Average Shares Outstanding Diluted | 66,158.66 | 74,963.54 | 77,291.97 | 76,750.36 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -435,423.00 | 1,616,042.00 | 2,462,652.00 | 638,989.00 |
| Operating Net Income | -448,154.00 | 652,886.00 | 2,479,642.00 | 864,847.00 |
| Deprecation and Amortization | 206,358.00 | 148,889.00 | 107,097.00 | 77,366.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 71,790.00 | 141,918.00 | 307,447.00 | 10,077.00 |
| Change in Working Capital | -555,370.00 | 657,797.00 | -448,955.00 | -318,842.00 |
| Other Operating Activities | 289,953.00 | 14,552.00 | 17,421.00 | 5,541.00 |
| Investing Cash Flow | -1,480,780.00 | -1,195,955.00 | -998,416.00 | -781,894.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -358,828.00 | -1,110,738.00 | -1,205,330.00 | -498,505.00 |
| Net Purchase/Sale of Investments Net | -2,134,409.00 | -13,070.00 | 252,102.00 | -273,634.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 |
| Financing Cash Flow | -47,356.00 | -795,398.00 | 1,472,091.00 | 736,225.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | -200,874.00 |
| Net Issuance/Repurchase of Equity | -12,652.00 | -522,135.00 | -124,929.00 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -34,704.00 | -273,263.00 | 1,597,020.00 | 937,099.00 |
| Net Change in Cash | -1,963,559.00 | -375,311.00 | 2,936,327.00 | 593,320.00 |
| Cash at Beginning of Period | 3,047,956.00 | 3,520,351.00 | 723,966.00 | 118,404.00 |
| Cash at End of Period | 1,038,349.00 | 3,047,956.00 | 3,520,351.00 | 723,966.00 |
| Free Cash Flow | -804,342.00 | 429,202.00 | 1,212,134.00 | 130,729.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 6,342,224.00 | 6,290,031.00 | 6,310,686.00 | 6,418,243.00 | 7,048,705.00 |
| Current Assets | 2,613,796.00 | 2,522,545.00 | 2,577,348.00 | 2,631,547.00 | 2,897,542.00 |
| Cash and Short-Term Investments | 2,017,377.00 | 1,978,093.00 | 2,085,456.00 | 2,103,365.00 | 2,313,548.00 |
| Cash and Cash Equivalents | 551,564.00 | 598,576.00 | 791,930.00 | 1,006,536.00 | 853,401.00 |
| Short-Term Investments | 1,465,813.00 | 1,379,517.00 | 1,293,526.00 | 1,096,829.00 | 1,460,147.00 |
| Net Receivables | 156,994.00 | 49,063.00 | 62,818.00 | 55,153.00 | 84,507.00 |
| Inventory | 121,437.00 | 167,601.00 | 125,918.00 | 149,939.00 | 206,877.00 |
| Other Current Assets | 317,988.00 | 327,788.00 | 303,156.00 | 323,090.00 | 292,610.00 |
| Non-Current Assets | 3,728,428.00 | 3,767,486.00 | 3,733,338.00 | 3,786,696.00 | 4,151,163.00 |
| Property, Plant, Equipment Net | 3,409,878.00 | 3,446,352.00 | 3,460,203.00 | 3,499,210.00 | 3,903,436.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 154,163.00 | 154,077.00 | 152,854.00 | 152,869.00 | 159,853.00 |
| Long-Term Investments | 33,944.00 | 33,584.00 | 0 | 27,636.00 | 28,536.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 84,596.00 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 22,385.00 | 0 |
| Liabilities | 497,345.00 | 483,126.00 | 497,336.00 | 560,377.00 | 724,284.00 |
| Current Liabilities | 462,345.00 | 446,809.00 | 458,759.00 | 521,235.00 | 629,061.00 |
| Payables and Expenses | 395,429.00 | 386,345.00 | 386,256.00 | 477,221.00 | 495,224.00 |
| Account Payables | 83,259.00 | 49,629.00 | 28,694.00 | 26,448.00 | 40,860.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 33,309.00 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 6,822.00 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 37,192.00 | 0 |
| Non-Current Liabilities | 35,000.00 | 36,317.00 | 38,577.00 | 39,142.00 | 95,223.00 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 35,000.00 | 36,317.00 | 38,577.00 | 39,142.00 | 95,223.00 |
| Equity | 5,844,879.00 | 5,806,905.00 | 5,813,350.00 | 5,857,866.00 | 6,324,421.00 |
| Shareholders Equity | 4,353,992.00 | 4,325,251.00 | 4,329,201.00 | 4,361,192.00 | 4,705,832.00 |
| Capital Stock | 0 | 0 | 0 | 42.00 | 0 |
| Share Premium | 0 | 0 | 0 | 2,408,799.00 | 0 |
| Retained Earnings | 0 | 0 | 0 | 2,983,173.00 | 0 |
| Treasury Shares | 0 | 0 | 0 | 617,612.00 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | -413,210.00 | 0 |
| Minority Interest | 1,490,887.00 | 1,481,654.00 | 1,484,149.00 | 1,496,674.00 | 1,618,589.00 |
| Debt | 0 | 0 | 0 | 6,822.00 | 0 |
| Common Shares Outstanding | 0 | 335,283.58 | 335,283.58 | 333,759.63 | 333,759.63 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 244,601.00 | 75,189.00 | 123,914.00 | 195,359.00 | 198,496.00 |
| Cost Of Revenue | 234,949.00 | 156,595.00 | 205,449.00 | 260,622.00 | 259,090.00 |
| Interest Income | 0 | 0 | 2,670.00 | 0 | 0 |
| Non-Interest Expense | 32,287.00 | 32,121.00 | 35,085.00 | 29,403.00 | 37,727.00 |
| Gross Profit | 9,652.00 | -81,406.00 | -81,535.00 | -65,263.00 | -60,594.00 |
| Operating Expenses | 29,956.00 | 33,581.00 | 32,518.00 | 60,049.00 | 37,448.00 |
| Selling, General and Administrative Expenses | 32,287.00 | 32,121.00 | 35,085.00 | 29,403.00 | 37,727.00 |
| Research and Development Expenses | 559.00 | 796.00 | 507.00 | 372.00 | 813.00 |
| Other Operating Expenses | -2,890.00 | 664.00 | -3,074.00 | 12,202.00 | -1,092.00 |
| Operating Income | -20,304.00 | -114,987.00 | -114,053.00 | -125,312.00 | -98,042.00 |
| EBT | -11,886.00 | -106,817.00 | -105,007.00 | -290,486.00 | -88,937.00 |
| Income Tax | 2,958.00 | -8,172.00 | -12,274.00 | -48,973.00 | -12,007.00 |
| Net Income Including Non-Controlling Interests | -14,844.00 | -98,645.00 | -92,733.00 | -241,513.00 | -76,930.00 |
| Net Income Non-Controlling Interests | -74.00 | 22,167.00 | 20,896.00 | 61,331.00 | 16,206.00 |
| Net Income | -14,918.00 | -76,478.00 | -71,837.00 | -180,182.00 | -60,724.00 |
| EBIT | -20,304.00 | -114,987.00 | -114,053.00 | -125,312.00 | -98,042.00 |
| EBITDA | -20,304.00 | -114,987.00 | -114,053.00 | -125,312.00 | -98,042.00 |
| 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 | 67,547.03 | 67,243.16 | 66,938.18 | 66,609.80 | 66,306.87 |
| Average Shares Outstanding Diluted | 67,547.03 | 67,243.16 | 66,938.18 | 66,609.80 | 66,306.87 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 55,425.00 | -66,560.00 | -38,881.00 | -58,934.00 | -97,848.00 |
| Operating Net Income | -14,844.00 | -98,646.00 | -92,733.00 | -241,513.00 | -76,932.00 |
| Deprecation and Amortization | 0 | 0 | 0 | 0 | 0 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | -37,481.00 | -91,238.00 | -69,936.00 | 10,077.00 | -177,371.00 |
| Other Operating Activities | 107,750.00 | 123,324.00 | 123,788.00 | 172,502.00 | 156,455.00 |
| Investing Cash Flow | -106,201.00 | -131,664.00 | -211,014.00 | 266,967.00 | -65,935.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -32,503.00 | -30,169.00 | -57,632.00 | -33,270.00 | -33,702.00 |
| Net Purchase/Sale of Investments Net | -73,698.00 | -101,495.00 | -153,382.00 | -722,309.00 | -32,212.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 1,022,546.00 | -21.00 |
| Financing Cash Flow | 0 | -32.00 | 0 | 1,142.00 | -5,536.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | -32.00 | 0 | 1,142.00 | -5,536.00 |
| Net Change in Cash | -50,776.00 | -198,256.00 | -249,895.00 | 209,175.00 | -169,319.00 |
| Cash at Beginning of Period | 598,576.00 | 791,930.00 | 1,038,349.00 | 853,401.00 | 997,481.00 |
| Cash at End of Period | 551,564.00 | 598,576.00 | 791,930.00 | 1,038,349.00 | 853,401.00 |
| Free Cash Flow | 22,922.00 | -96,729.00 | -96,513.00 | -92,206.00 | -131,571.00 |