EARN
Valuation Ratios
| Breakdown | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | -23.52 | 19.77 | |||
| Price to Sales | 12.36 | 9.03 | |||
| Book Value Per Common Share | 6.08 | 6.53 | 7.32 | 8.40 | 11.76 |
| Price to Book | 0.89 | 1.01 | 0.84 | ||
| Price to Operating Cash Flow | 20.45 | 21.54 | -9.10 | ||
| Price to Free Cash Flow | 21.54 | -9.10 | |||
| Enterprise Value to EBITDA |
| Breakdown | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Price to Earnings | -94.57 | 33.24 | -173.75 | 34.55 | |
| Price to Sales | 2282.76 | 20.69 | 111.02 | 22.93 | |
| Book Value Per Common Share | 6.08 | 6.53 | 6.85 | 6.91 | 7.21 |
| Price to Book | 0.89 | 1.01 | 1.02 | 1.01 | 0.96 |
| Price to Operating Cash Flow | 43.18 | 55.13 | 52.97 | -112.18 | |
| Price to Free Cash Flow | 43.18 | 55.13 | 52.97 | -112.18 | |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 57.32 | ||||
| EBITDA YoY | |||||
| Net Profit YoY | 44.46 |
| Breakdown | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | -99.04 | 577.63 | -78.37 | ||
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.50 | ||||
| Quick Ratio | |||||
| Current Ratio | |||||
| Debt to Equity | 2.43 | 3.25 | 5.94 | 8.37 | 9.36 |
| Long-Term Debt to Equity |
| Breakdown | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.46 | ||||
| Quick Ratio | |||||
| Current Ratio | |||||
| Debt to Equity | 2.43 | 3.25 | 2.93 | 5.39 | 5.74 |
| Long-Term Debt to Equity |
Profitability
| Breakdown | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| ROA | -1.00 | 0.80 | 0.48 | -2.87 | -0.39 |
| ROE | -3.44 | 3.40 | 3.35 | -26.86 | -4.09 |
| Gross Margin | |||||
| Operating Margin | |||||
| EBITDA Margin | |||||
| Net Profit Margin | 41.47 | 45.17 |
| Breakdown | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|
| ROA | -0.24 | 0.72 | -0.09 | 0.41 | |
| ROE | -1.04 | 2.84 | -0.56 | 2.77 | |
| Gross Margin | |||||
| Operating Margin | |||||
| EBITDA Margin | |||||
| Net Profit Margin | -2415.66 | 63.07 | -63.97 | 67.24 |
Dividends
| Breakdown | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | |||
| Dividend Payout Ratio | 337.31 | 309.76 | -46.15 | -273.77 |
| Breakdown | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividend Payout Ratio | -341.40 | 107.93 | -593.13 | 117.62 |
Financial Statements
| Breakdown | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Assets | 783,557.00 | 824,092.00 | 945,690.00 | 1,053,632.00 | 1,598,466.00 |
| Cash and Short-Term Investments | 17,375.00 | 0 | 0 | 0 | 0 |
| Cash and Cash Equivalents | 17,375.00 | 31,840.00 | 38,533.00 | 34,816.00 | 69,028.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 43,130.00 | 58,899.00 | 55,602.00 | 93,166.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 683,915.00 | 773,548.00 | 893,509.00 | 1,311,670.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 555,056.00 | 630,366.00 | 809,452.00 | 941,223.00 | 1,444,241.00 |
| Payables and Expenses | 0 | 37,645.00 | 71,427.00 | 95,151.00 | 261,108.00 |
| Account Payables | 0 | 32,547.00 | 57,287.00 | 50,362.00 | 2,844.00 |
| Current Accrued Liabilities | 0 | 0 | 1,153.00 | 1,097.00 | 1,236.00 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Equity | 228,501.00 | 193,726.00 | 136,238.00 | 112,409.00 | 154,225.00 |
| Shareholders Equity | 228,501.00 | 193,726.00 | 136,238.00 | 112,409.00 | 154,225.00 |
| Capital Stock | 376.00 | 298.00 | 186.00 | 134.00 | 131.00 |
| Share Premium | 399,869.00 | 348,587.00 | 274,698.00 | 240,940.00 | 238,865.00 |
| Retained Earnings | -171,744.00 | -155,159.00 | -138,646.00 | -128,665.00 | -84,771.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Investments | 476.00 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 |
| Common Shares Outstanding | 37,559.19 | 29,651.55 | 18,601.46 | 13,377.84 | 13,109.93 |
| Breakdown | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 0 | 15,880.00 | 10,094.00 | -25,070.00 | -557.00 | 0 |
| Interest Income | 45,572.00 | 49,863.00 | 42,549.00 | 35,006.00 | 28,364.00 | 0 |
| Interest Expense | 6,215.00 | 34,794.00 | 45,256.00 | 14,820.00 | 2,723.00 | 0 |
| Net Interest | 9,247.00 | 0 | 0 | 0 | 0 | 0 |
| Non-Interest Expense | 0 | 8,784.00 | 5,535.00 | 5,128.00 | 5,752.00 | 0 |
| Operating Expenses | 2,582.00 | 0 | 0 | 0 | 0 | 0 |
| Selling, General and Administrative Expenses | 1,123.00 | 1,925.00 | 1,117.00 | 1,111.00 | 1,098.00 | 0 |
| Other Operating Expenses | 1,459.00 | 0 | 0 | 0 | 0 | 0 |
| EBT | -7,876.00 | 7,096.00 | 4,559.00 | -30,198.00 | -6,309.00 | 0 |
| Income Tax | 6.00 | 510.00 | 0 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | 0 | 6,586.00 | 4,559.00 | -30,198.00 | -6,309.00 | 0 |
| Net Income | -7,870.00 | 6,586.00 | 4,559.00 | -30,198.00 | -6,309.00 | 0 |
| EBIT | -1,661.00 | 0 | 0 | 0 | 0 | 0 |
| Deprecation and Amortization | 2,576.00 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | 915.00 | 0 | 0 | 0 | 0 | 0 |
| EPS | -0.00 | 0 | 0.00 | -0.00 | -0.00 | 0.00 |
| Diluted EPS | 0 | 0 | 0.00 | -0.00 | -0.00 | 0.00 |
| Average Shares Outstanding Basic | 34,811.56 | 0 | 14,875.31 | 13,163.11 | 12,683.76 | 12,353.25 |
| Average Shares Outstanding Diluted | 0 | 0 | 14,875.31 | 13,163.11 | 12,683.76 | 12,353.25 |
| Breakdown | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 9,211.00 | 9,112.00 | -10,022.00 | 22,417.00 | 27,880.00 |
| Operating Net Income | 0 | 6,586.00 | 4,559.00 | -30,198.00 | -6,309.00 |
| Deprecation and Amortization | -2,576.00 | 0 | 0 | 0 | 0 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 203.00 | 442.00 | 255.00 | 312.00 | 271.00 |
| Change in Working Capital | 510.00 | -1,062.00 | -2,948.00 | 4,757.00 | 196.00 |
| Other Operating Activities | 11,074.00 | 3,146.00 | -11,888.00 | 47,546.00 | 33,722.00 |
| Investing Cash Flow | -27,143.00 | 116,448.00 | 85,723.00 | 110,547.00 | -15,231.00 |
| Capital Expenditure | 0.00 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 1,081,239.00 | 154,648.00 | 81,887.00 | -53,062.00 | 99,867.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -1,108,382.00 | -38,200.00 | 3,836.00 | 163,609.00 | -115,098.00 |
| Financing Cash Flow | 3,467.00 | -132,253.00 | -71,984.00 | -167,176.00 | -1,787.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 53,254.00 | 74,063.00 | 33,805.00 | 0 | 0 |
| Dividends Paid | 8,082.00 | -22,215.00 | -14,122.00 | -13,937.00 | -17,272.00 |
| Other Financing Activities | -57,869.00 | -184,101.00 | -91,667.00 | 0 | 0 |
| Net Change in Cash | -14,465.00 | -6,693.00 | 3,717.00 | -34,212.00 | 10,862.00 |
| Cash at Beginning of Period | 0 | 38,533.00 | 34,816.00 | 69,028.00 | 58,166.00 |
| Cash at End of Period | 0 | 31,840.00 | 38,533.00 | 34,816.00 | 69,028.00 |
| Free Cash Flow | 0 | 9,112.00 | -10,022.00 | 22,417.00 | 27,880.00 |
| Breakdown | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Assets | 783,557.00 | 824,092.00 | 752,303.00 | 933,457.00 | 963,956.00 |
| Cash and Short-Term Investments | 17,375.00 | 0 | 0 | 0 | 0 |
| Cash and Cash Equivalents | 17,375.00 | 31,840.00 | 25,747.00 | 118,763.00 | 22,442.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 43,130.00 | 59,388.00 | 80,548.00 | 46,377.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 683,915.00 | 618,797.00 | 636,368.00 | 812,042.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 555,056.00 | 630,366.00 | 560,674.00 | 787,328.00 | 821,039.00 |
| Payables and Expenses | 0 | 37,645.00 | 63,788.00 | 185,906.00 | 132,122.00 |
| Account Payables | 0 | 32,547.00 | 23,800.00 | 148,111.00 | 60,117.00 |
| Current Accrued Liabilities | 0 | 0 | 2,561.00 | 1,688.00 | 1,702.00 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Equity | 228,501.00 | 193,726.00 | 191,629.00 | 146,129.00 | 142,917.00 |
| Shareholders Equity | 228,501.00 | 193,726.00 | 191,629.00 | 146,129.00 | 142,917.00 |
| Capital Stock | 376.00 | 298.00 | 280.00 | 211.00 | 198.00 |
| Share Premium | 399,869.00 | 348,587.00 | 337,523.00 | 291,114.00 | 282,161.00 |
| Retained Earnings | -171,744.00 | -155,159.00 | -146,174.00 | -145,196.00 | -139,442.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Investments | 476.00 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 |
| Common Shares Outstanding | 37,559.19 | 29,651.55 | 27,968.15 | 21,134.98 | 19,819.61 |
| Breakdown | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Revenues | 0 | 83.00 | 8,633.00 | 1,274.00 | 5,891.00 |
| Interest Income | 6,087.00 | 12,849.00 | 12,504.00 | 14,132.00 | 10,379.00 |
| Interest Expense | -18,479.00 | 6,707.00 | 7,752.00 | 10,235.00 | 10,100.00 |
| Net Interest | 9,247.00 | 0 | 0 | 0 | 0 |
| Non-Interest Expense | 0 | 2,269.00 | 2,725.00 | 2,164.00 | 1,627.00 |
| Operating Expenses | 2,582.00 | 0 | 0 | 0 | 0 |
| Selling, General and Administrative Expenses | -441.00 | 446.00 | 594.00 | 524.00 | 364.00 |
| Other Operating Expenses | 1,459.00 | 0 | 0 | 0 | 0 |
| EBT | -10,708.00 | -2,186.00 | 5,908.00 | -890.00 | 4,264.00 |
| Income Tax | -201.00 | -181.00 | 463.00 | -75.00 | 303.00 |
| Net Income Including Non-Controlling Interests | 0 | -2,005.00 | 5,445.00 | -815.00 | 3,961.00 |
| Net Income | -10,495.00 | -2,005.00 | 5,445.00 | -815.00 | 3,961.00 |
| EBIT | -1,661.00 | 0 | 0 | 0 | 0 |
| Deprecation and Amortization | 2,576.00 | 0 | 0 | 0 | 0 |
| EBITDA | 915.00 | 0 | 0 | 0 | 0 |
| 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 | 64,566.66 | 28,733.89 | 25,591.61 | 20,354.06 | 19,548.41 |
| Average Shares Outstanding Diluted | 24,893.19 | 28,733.89 | 25,591.61 | 20,354.06 | 19,548.41 |
| Breakdown | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | -1,106.00 | 4,406.00 | 3,241.00 | 2,670.00 | -1,205.00 |
| Operating Net Income | 0 | -2,005.00 | 5,445.00 | -815.00 | 3,961.00 |
| Deprecation and Amortization | -2,576.00 | 0 | 0 | 0 | 0 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | -167.00 | -3.00 | 302.00 | 71.00 | 72.00 |
| Change in Working Capital | 856.00 | -2,119.00 | 825.00 | 948.00 | -716.00 |
| Other Operating Activities | 3,406.00 | 8,533.00 | -3,331.00 | 2,466.00 | -4,522.00 |
| Investing Cash Flow | -102,943.00 | -73,980.00 | 46,355.00 | 103,425.00 | 40,648.00 |
| Capital Expenditure | 0.00 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 954,429.00 | -62,692.00 | 67,856.00 | 121,646.00 | 27,838.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -1,057,372.00 | -11,288.00 | -21,501.00 | -18,221.00 | 12,810.00 |
| Financing Cash Flow | 80,186.00 | 75,667.00 | -142,612.00 | -9,774.00 | -55,534.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 53,254.00 | 0 | 0 | 0 | 0 |
| Dividends Paid | 25,638.00 | -6,845.00 | -5,877.00 | -4,834.00 | -4,659.00 |
| Other Financing Activities | -57,869.00 | 0 | 0 | 0 | 0 |
| Net Change in Cash | -23,863.00 | 6,093.00 | -93,016.00 | 96,321.00 | -16,091.00 |
| Cash at Beginning of Period | 0.00 | 25,747.00 | 118,763.00 | 22,442.00 | 38,533.00 |
| Cash at End of Period | 0 | 31,840.00 | 25,747.00 | 118,763.00 | 22,442.00 |
| Free Cash Flow | 0 | 4,406.00 | 3,241.00 | 2,670.00 | -1,205.00 |