Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 39.89 31.31 6.80
Price to Sales 2.63 1.85 1.02
Book Value Per Common Share 9.65 8.86 8.17 10.99
Price to Book 3.35 2.26 1.56
Price to Operating Cash Flow 31.44 25.52 83.26
Price to Free Cash Flow 45.81 36.07 -85.89
Enterprise Value to EBITDA 227771.78 168083.15 53298.07
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Price to Earnings 168.15 232.40 173.05 128.27 200.82 259.40
Price to Sales 12.61 15.14 10.92 9.00 8.44 5.93
Book Value Per Common Share 9.95 9.77 9.67 9.65 9.36 8.96 8.86 8.24 8.17 11.28 10.99
Price to Book 4.56 4.76 3.40 3.35 3.01 2.47 2.26 1.57 1.56
Price to Operating Cash Flow 113.16 -448.22 -63.21 123.94 -21.92 -10.10
Price to Free Cash Flow 157.26 -224.11 -51.31 155.57 -21.13 -9.66
Enterprise Value to EBITDA 1059725.15 1344817.32 1066007.23 768949.57 907650.13 733096.43

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 26.56 -65.96 77.36
Revenue YoY 14.44 4.94 -6.46
EBITDA YoY 20.13 -49.84 112.97
Net Profit YoY 26.79 -58.52 162.99
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Earning YoY 35.00 5.26 -13.64 100.00 120.00 -80.00
Revenue YoY 15.80 3.75 -1.60 18.02 20.91 -7.03
EBITDA YoY 23.91 12.20 -15.46 51.56 39.13 -35.21
Net Profit YoY 33.33 8.00 -12.28 96.55 141.67 -66.67

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 2.27 1.79 1.42 1.66
Quick Ratio 0.76 0.57 0.45 0.40
Current Ratio 1.94 1.78 1.64 1.40
Debt to Equity 0.64 0.69 0.73 0.93
Long-Term Debt to Equity 0.20 0.22 0.24 0.31
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Cash Per Common Share 1.16 1.03 1.43 2.26 0.76 0.61 1.78 0.67 1.18 0.78 1.66
Quick Ratio 1.56 1.63 0.62 0.76 1.63 0.39 0.57 0.33 0.45 0.26 0.40
Current Ratio 2.00 2.11 2.02 1.94 2.11 1.96 1.78 1.68 1.64 1.64 1.40
Debt to Equity 0.60 0.57 0.59 0.64 0.56 0.61 0.69 0.72 0.73 0.86 0.93
Long-Term Debt to Equity 0.19 0.20 0.19 0.20 0.20 0.22 0.22 0.24 0.24 0.29 0.31

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 5.09 4.28 11.01 5.02
ROE 8.33 7.23 19.04 9.67
Gross Margin 22.76 22.93 21.35 19.00
Operating Margin 8.81 8.07 20.76 8.16
EBITDA Margin 11.63 11.08 23.17 10.18
Net Profit Margin 6.59 5.94 15.04 5.35
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
ROA 1.70 1.32 1.22 1.48 0.77 0.33 1.19
ROE 2.72 2.08 1.94 2.30 1.23 0.56 2.20
Gross Margin 23.13 23.76 22.65 22.04 22.24 23.02 21.90
Operating Margin 9.48 8.32 7.38 9.11 6.10 4.22 9.15
EBITDA Margin 11.88 11.10 10.26 11.95 9.30 8.08 11.60
Net Profit Margin 7.50 6.51 6.26 7.02 4.22 2.11 5.88

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 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Dividend Yield 0.00 0.00
Dividend Payout Ratio 33.33 44.44

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 4,184,000.00 3,921,000.00 3,677,000.00 3,069,000.00
   Current Assets 2,163,000.00 1,918,000.00 1,707,000.00 1,389,000.00
      Cash and Short-Term Investments 598,000.00 467,000.00 306,000.00 240,000.00
            Cash and Cash Equivalents 598,000.00 467,000.00 306,000.00 240,000.00
            Short-Term Investments 0 0 0 0
      Net Receivables 253,000.00 151,000.00 166,000.00 156,000.00
      Inventory 358,000.00 329,000.00 319,000.00 205,000.00
      Other Current Assets 954,000.00 971,000.00 916,000.00 788,000.00
   Non-Current Assets 2,021,000.00 2,003,000.00 1,970,000.00 1,680,000.00
      Property, Plant, Equipment Net 519,000.00 484,000.00 487,000.00 448,000.00
      Goodwill 1,238,000.00 1,238,000.00 1,236,000.00 1,071,000.00
      Intangible Assets 132,000.00 151,000.00 172,000.00 52,000.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 120,000.00 123,000.00 66,000.00 56,000.00
      Other Non-Current Assets 12,000.00 7,000.00 9,000.00 53,000.00
Liabilities 1,627,000.00 1,596,000.00 1,550,000.00 1,476,000.00
   Current Liabilities 1,116,000.00 1,078,000.00 1,042,000.00 989,000.00
      Payables and Expenses 489,000.00 461,000.00 533,000.00 553,000.00
            Account Payables 426,000.00 398,000.00 457,000.00 479,000.00
            Current Accrued Liabilities 63,000.00 63,000.00 76,000.00 74,000.00
      Short-Term Debt 25,000.00 57,000.00 29,000.00 41,000.00
      Other Current Liabilities 602,000.00 560,000.00 480,000.00 395,000.00
   Non-Current Liabilities 511,000.00 518,000.00 508,000.00 487,000.00
      Long-Term Debt 340,000.00 349,000.00 365,000.00 352,000.00
      Other Non-Current Liabilities 171,000.00 169,000.00 143,000.00 135,000.00
Equity 2,557,000.00 2,325,000.00 2,127,000.00 1,593,000.00
   Shareholders Equity 2,557,000.00 2,325,000.00 2,127,000.00 1,593,000.00
      Capital Stock 3,000.00 3,000.00 3,000.00 1,000.00
      Share Premium 5,194,000.00 5,175,000.00 5,147,000.00 4,633,000.00
      Retained Earnings -2,593,000.00 -2,806,000.00 -2,974,000.00 -2,983,000.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -47,000.00 -47,000.00 -49,000.00 -58,000.00
   Minority Interest 0 0 0 0
Investments 254,000.00 152,000.00 168,000.00 157,000.00
Debt 365,000.00 406,000.00 394,000.00 393,000.00
Net Debt 0 0 88,000.00 153,000.00
Common Shares Outstanding 265,064.76 262,525.39 260,234.03 145,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 3,234,000.00 2,826,000.00 2,693,000.00 2,879,000.00
Cost Of Revenue 2,498,000.00 2,178,000.00 2,118,000.00 2,332,000.00
Gross Profit 736,000.00 648,000.00 575,000.00 547,000.00
Operating Expenses 443,000.00 417,000.00 14,000.00 311,000.00
   Selling, General and Administrative Expenses 414,000.00 384,000.00 357,000.00 293,000.00
   Research and Development Expenses 92,000.00 82,000.00 58,000.00 48,000.00
   Other Operating Expenses -63,000.00 -49,000.00 -401,000.00 -30,000.00
Operating Income 293,000.00 231,000.00 561,000.00 236,000.00
Net Non-Operating Income -29,000.00 -39,000.00 -36,000.00 -36,000.00
Interest Expense 21,000.00 36,000.00 34,000.00 35,000.00
EBT 264,000.00 192,000.00 525,000.00 200,000.00
Income Tax 51,000.00 24,000.00 120,000.00 46,000.00
Equity Method Investments Income 0 0 1,000.00 2,000.00
Net Income 213,000.00 168,000.00 405,000.00 154,000.00
EBIT 285,000.00 228,000.00 559,000.00 235,000.00
Deprecation and Amortization 91,000.00 85,000.00 65,000.00 58,000.00
EBITDA 376,000.00 313,000.00 624,000.00 293,000.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 263,700.00 261,000.00 215,000.00 0
Average Shares Outstanding Diluted 267,700.00 264,000.00 215,000.00 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 271,000.00 205,000.00 33,000.00 178,000.00
   Operating Net Income 213,000.00 168,000.00 405,000.00 154,000.00
   Deprecation and Amortization 91,000.00 85,000.00 65,000.00 58,000.00
   Deferred Income Tax 23,000.00 -52,000.00 -6,000.00 31,000.00
   Share Based Compensation 22,000.00 17,000.00 0 0
   Change in Working Capital -79,000.00 -14,000.00 -82,000.00 -65,000.00
   Other Operating Activities 1,000.00 1,000.00 -349,000.00 0.00
Investing Cash Flow -84,000.00 -59,000.00 436,000.00 39,000.00
   Capital Expenditure -85,000.00 -60,000.00 -65,000.00 -60,000.00
   Net Purchase/Sale of PPE -84,000.00 -59,000.00 -65,000.00 -60,000.00
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 501,000.00 -14,000.00
   Other Investing Activities 85,000.00 60,000.00 65,000.00 173,000.00
Financing Cash Flow -56,000.00 15,000.00 -403,000.00 -38,000.00
   Net Issuance/Repayment of Debt -43,000.00 8,000.00 -2,000.00 -38,000.00
   Net Issuance/Repurchase of Equity -3,000.00 11,000.00 0 0
   Dividends Paid 0 0 396,000.00 0
   Other Financing Activities -10,000.00 -4,000.00 -797,000.00 0.00
Net Change in Cash 131,000.00 161,000.00 66,000.00 179,000.00
   Cash at Beginning of Period 467,000.00 306,000.00 240,000.00 61,000.00
   Cash at End of Period 598,000.00 467,000.00 306,000.00 240,000.00
Free Cash Flow 186,000.00 145,000.00 -32,000.00 118,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Assets 4,245,000.00 4,079,000.00 4,096,000.00 4,184,000.00 3,861,000.00 3,781,000.00 3,921,000.00 3,681,000.00 3,677,000.00 3,033,000.00 3,069,000.00
   Current Assets 2,166,000.00 2,025,000.00 2,070,000.00 2,163,000.00 1,860,000.00 1,772,000.00 1,918,000.00 1,712,000.00 1,707,000.00 1,517,000.00 1,389,000.00
      Cash and Short-Term Investments 309,000.00 278,000.00 380,000.00 598,000.00 198,000.00 160,000.00 467,000.00 174,000.00 306,000.00 113,000.00 240,000.00
            Cash and Cash Equivalents 309,000.00 278,000.00 380,000.00 598,000.00 198,000.00 160,000.00 467,000.00 174,000.00 306,000.00 113,000.00 240,000.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 1,381,000.00 1,281,000.00 254,000.00 253,000.00 1,234,000.00 194,000.00 151,000.00 158,000.00 166,000.00 130,000.00 156,000.00
      Inventory 404,000.00 400,000.00 385,000.00 358,000.00 363,000.00 342,000.00 329,000.00 364,000.00 319,000.00 231,000.00 205,000.00
      Other Current Assets 72,000.00 66,000.00 1,051,000.00 954,000.00 65,000.00 1,076,000.00 971,000.00 1,016,000.00 916,000.00 1,043,000.00 788,000.00
   Non-Current Assets 2,079,000.00 2,054,000.00 2,026,000.00 2,021,000.00 2,001,000.00 2,009,000.00 2,003,000.00 1,969,000.00 1,970,000.00 1,516,000.00 1,680,000.00
      Property, Plant, Equipment Net 477,000.00 463,000.00 455,000.00 519,000.00 415,000.00 407,000.00 484,000.00 402,000.00 487,000.00 367,000.00 448,000.00
      Goodwill 1,238,000.00 1,238,000.00 1,238,000.00 1,238,000.00 1,238,000.00 1,238,000.00 1,238,000.00 1,236,000.00 1,236,000.00 954,000.00 1,071,000.00
      Intangible Assets 114,000.00 120,000.00 126,000.00 132,000.00 138,000.00 146,000.00 151,000.00 167,000.00 172,000.00 50,000.00 52,000.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 118,000.00 118,000.00 119,000.00 120,000.00 124,000.00 123,000.00 123,000.00 72,000.00 66,000.00 48,000.00 56,000.00
      Other Non-Current Assets 132,000.00 115,000.00 88,000.00 12,000.00 86,000.00 95,000.00 7,000.00 92,000.00 9,000.00 97,000.00 53,000.00
Liabilities 1,597,000.00 1,479,000.00 1,525,000.00 1,627,000.00 1,387,000.00 1,426,000.00 1,596,000.00 1,538,000.00 1,550,000.00 1,398,000.00 1,476,000.00
   Current Liabilities 1,082,000.00 958,000.00 1,027,000.00 1,116,000.00 880,000.00 902,000.00 1,078,000.00 1,019,000.00 1,042,000.00 923,000.00 989,000.00
      Payables and Expenses 454,000.00 333,000.00 367,000.00 489,000.00 371,000.00 285,000.00 461,000.00 321,000.00 533,000.00 317,000.00 553,000.00
            Account Payables 342,000.00 265,000.00 299,000.00 426,000.00 292,000.00 220,000.00 398,000.00 258,000.00 457,000.00 248,000.00 479,000.00
            Current Accrued Liabilities 81,000.00 53,000.00 68,000.00 63,000.00 70,000.00 65,000.00 63,000.00 63,000.00 76,000.00 69,000.00 74,000.00
      Short-Term Debt 52,000.00 49,000.00 27,000.00 25,000.00 49,000.00 30,000.00 57,000.00 250,000.00 29,000.00 186,000.00 41,000.00
      Other Current Liabilities 576,000.00 576,000.00 633,000.00 602,000.00 460,000.00 587,000.00 560,000.00 448,000.00 480,000.00 420,000.00 395,000.00
   Non-Current Liabilities 515,000.00 521,000.00 498,000.00 511,000.00 507,000.00 524,000.00 518,000.00 519,000.00 508,000.00 475,000.00 487,000.00
      Long-Term Debt 419,000.00 423,000.00 335,000.00 340,000.00 411,000.00 356,000.00 349,000.00 360,000.00 365,000.00 354,000.00 352,000.00
      Other Non-Current Liabilities 96,000.00 98,000.00 163,000.00 171,000.00 96,000.00 168,000.00 169,000.00 159,000.00 143,000.00 121,000.00 135,000.00
Equity 2,648,000.00 2,600,000.00 2,571,000.00 2,557,000.00 2,474,000.00 2,355,000.00 2,325,000.00 2,143,000.00 2,127,000.00 1,635,000.00 1,593,000.00
   Shareholders Equity 2,648,000.00 2,600,000.00 2,571,000.00 2,557,000.00 2,474,000.00 2,355,000.00 2,325,000.00 2,143,000.00 2,127,000.00 1,635,000.00 1,593,000.00
      Capital Stock 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 1,000.00 1,000.00
      Share Premium 5,105,000.00 5,128,000.00 5,158,000.00 5,194,000.00 5,200,000.00 5,176,000.00 5,175,000.00 5,151,000.00 5,147,000.00 4,633,000.00 4,633,000.00
      Retained Earnings -2,417,000.00 -2,489,000.00 -2,543,000.00 -2,593,000.00 -2,682,000.00 -2,777,000.00 -2,806,000.00 -2,962,000.00 -2,974,000.00 -2,947,000.00 -2,983,000.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -43,000.00 -42,000.00 -47,000.00 -47,000.00 -47,000.00 -47,000.00 -47,000.00 -49,000.00 -49,000.00 -52,000.00 -58,000.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 255,000.00 254,000.00 0 195,000.00 152,000.00 159,000.00 168,000.00 131,000.00 157,000.00
Debt 471,000.00 472,000.00 362,000.00 365,000.00 460,000.00 386,000.00 406,000.00 610,000.00 394,000.00 540,000.00 393,000.00
Net Debt 41,000.00 75,000.00 0 0 169,000.00 226,000.00 0 436,000.00 88,000.00 427,000.00 153,000.00
Common Shares Outstanding 266,098.03 266,185.45 265,853.44 265,064.76 264,308.46 262,966.87 262,525.39 0 260,234.03 145,000.00 145,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Revenues 960,000.00 829,000.00 799,000.00 812,000.00 688,000.00 569,000.00 612,000.00
Cost Of Revenue 738,000.00 632,000.00 618,000.00 633,000.00 535,000.00 438,000.00 478,000.00
Interest Expense 4,000.00 2,000.00 1,000.00 5,000.00 5,000.00 8,000.00 8,000.00
Non-Interest Expense 123,000.00 121,000.00 0 98,000.00 0 0 0
Gross Profit 222,000.00 197,000.00 181,000.00 179,000.00 153,000.00 131,000.00 134,000.00
Operating Expenses 129,000.00 127,000.00 122,000.00 104,000.00 110,000.00 106,000.00 78,000.00
   Selling, General and Administrative Expenses 123,000.00 121,000.00 117,000.00 98,000.00 101,000.00 100,000.00 76,000.00
   Research and Development Expenses 0 0 28,000.00 0 0 0 0
   Other Operating Expenses 1,000.00 0 -23,000.00 0 9,000.00 6,000.00 2,000.00
Operating Income 93,000.00 70,000.00 59,000.00 75,000.00 43,000.00 25,000.00 56,000.00
Net Non-Operating Income -2,000.00 -1,000.00 -1,000.00 -1,000.00 -6,000.00 -9,000.00 -8,000.00
EBT 87,000.00 67,000.00 58,000.00 69,000.00 37,000.00 16,000.00 48,000.00
Income Tax 15,000.00 13,000.00 8,000.00 12,000.00 8,000.00 4,000.00 12,000.00
Net Income Including Non-Controlling Interests 72,000.00 54,000.00 0 57,000.00 0 0 0
Net Income 72,000.00 54,000.00 50,000.00 57,000.00 29,000.00 12,000.00 36,000.00
EBIT 91,000.00 69,000.00 59,000.00 74,000.00 42,000.00 24,000.00 56,000.00
Deprecation and Amortization 23,000.00 23,000.00 23,000.00 23,000.00 22,000.00 22,000.00 15,000.00
EBITDA 114,000.00 92,000.00 82,000.00 97,000.00 64,000.00 46,000.00 71,000.00
EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 266,666.67 270,000.00 265,300.00 259,090.91 263,000.00 260,000.00 0
Average Shares Outstanding Diluted 268,426.00 270,000.00 268,800.00 268,299.00 266,000.00 262,000.00 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow 107,000.00 -28,000.00 -138,000.00 59,000.00 -265,000.00 -334,000.00 -255,000.00
   Operating Net Income 72,000.00 54,000.00 50,000.00 57,000.00 29,000.00 12,000.00 36,000.00
   Deprecation and Amortization 23,000.00 23,000.00 23,000.00 23,000.00 22,000.00 22,000.00 15,000.00
   Deferred Income Tax -1,000.00 0 1,000.00 0 0 0 11,000.00
   Share Based Compensation 5,000.00 6,000.00 8,000.00 5,000.00 1,000.00 0 0
   Change in Working Capital 8,000.00 -111,000.00 -220,000.00 -26,000.00 -317,000.00 -372,000.00 -317,000.00
   Other Operating Activities 0.00 0.00 0.00 0.00 0.00 4,000.00 0.00
Investing Cash Flow -45,000.00 -28,000.00 -32,000.00 -11,000.00 -10,000.00 -14,000.00 -13,000.00
   Capital Expenditure -30,000.00 -28,000.00 -32,000.00 -12,000.00 -10,000.00 -15,000.00 -13,000.00
   Net Purchase/Sale of PPE 0 0 -32,000.00 0 -10,000.00 -14,000.00 -13,000.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0
   Other Investing Activities -15,000.00 0.00 32,000.00 1,000.00 10,000.00 15,000.00 13,000.00
Financing Cash Flow -31,000.00 -46,000.00 -48,000.00 1,000.00 -32,000.00 216,000.00 141,000.00
   Net Issuance/Repayment of Debt -1,000.00 -8,000.00 -1,000.00 -2,000.00 -29,000.00 218,000.00 141,000.00
   Net Issuance/Repurchase of Equity -4,000.00 -8,000.00 3,000.00 2,000.00 -2,000.00 -1,000.00 0
   Dividends Paid -24,000.00 -24,000.00 7,000.00 0 0 0 0
   Other Financing Activities -2,000.00 -6,000.00 -57,000.00 0 -1,000.00 -1,000.00 0.00
Net Change in Cash 31,000.00 -102,000.00 -218,000.00 49,000.00 -307,000.00 -132,000.00 -127,000.00
   Cash at Beginning of Period 278,000.00 380,000.00 598,000.00 149,000.00 467,000.00 306,000.00 240,000.00
   Cash at End of Period 309,000.00 278,000.00 380,000.00 198,000.00 160,000.00 174,000.00 113,000.00
Free Cash Flow 77,000.00 -56,000.00 -170,000.00 47,000.00 -275,000.00 -349,000.00 -268,000.00