Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 26.14 9.93 14.26 22.41
Price to Sales 4.27 7.37 4.43 6.70
Book Value Per Common Share 17.96 18.42 14.03 18.28
Price to Book 0.96 0.77 1.23 1.10
Price to Operating Cash Flow 11.01 8.81 12.42 19.91
Price to Free Cash Flow 11.56 9.09 12.90 20.58
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Price to Earnings 34.25 30.54 -15.19 57.50 -546.33 87.38
Price to Sales 15.03 12.41 -69.46 16.03 15.85 78.98
Book Value Per Common Share 19.15 18.54 18.03 17.96 18.44 16.80
Price to Book 0.95 0.82 0.91 0.96 0.89 0.83
Price to Operating Cash Flow 22.95 24.47 69.32 39.12 29.78
Price to Free Cash Flow 24.31 25.40 72.06 41.62 30.26
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -53.85 18.18 34.44
Revenue YoY 133.97 -51.51 24.44
EBITDA YoY
Net Profit YoY -48.50 16.23 29.16
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Earning YoY 6.00
Revenue YoY -1.76 6.47 604.23
EBITDA YoY
Net Profit YoY 5.90

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share
Quick Ratio
Current Ratio
Debt to Equity 6.08 6.10 8.16 5.90
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Cash Per Common Share 4.60
Quick Ratio
Current Ratio
Debt to Equity 5.69 5.91 5.97 6.08 5.95 6.09
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 0.47 1.10 0.88 0.66
ROE 3.31 7.80 8.08 4.54
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 16.34 74.26 30.98 29.85
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
ROA 0.42 0.39 -0.87 0.24 -0.02 0.13
ROE 2.79 2.72 -6.08 1.68 -0.17 0.89
Gross Margin
Operating Margin 404.19
EBITDA Margin
Net Profit Margin 44.23 41.03 28.06 -3.04 91.17

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 69.04 28.72 32.98 33.34
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Dividend Yield 0.00 0.00 0.00 0.00 0.00
Dividend Payout Ratio 24.38 26.20 -11.07 39.92 -359.02

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 25,557,880.00 21,133,278.00 22,646,858.00 23,512,128.00
      Cash and Short-Term Investments 0 0 0 0
            Cash and Cash Equivalents 1,006,880.00 693,076.00 169,505.00 1,231,792.00
            Short-Term Investments 4,021,598.00 4,407,521.00 6,690,778.00 8,511,224.00
      Net Receivables 0 0 0 0
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 64,553.00 60,133.00 62,493.00 65,856.00
      Goodwill 914,957.00 557,635.00 557,635.00 631,496.00
      Intangible Assets 135,201.00 8,570.00 10,374.00 18,207.00
      Long-Term Investments 4,442,313.00 4,857,242.00 7,167,425.00 8,511,224.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 21,945,913.00 18,158,423.00 20,175,068.00 20,105,776.00
      Payables and Expenses 0 0 0 0
            Account Payables 0 0 0 0
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 2,515.00 95.00 691,297.00 17.00
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 42,795.00 39,621.00 35,101.00 34,261.00
      Other Non-Current Liabilities 0 0 0 0
Equity 3,611,967.00 2,974,855.00 2,471,790.00 3,406,352.00
   Shareholders Equity 3,611,967.00 2,974,855.00 2,471,790.00 3,406,352.00
      Capital Stock 2,141.00 1,767.00 1,762.00 1,863.00
      Share Premium 2,237,494.00 1,666,441.00 1,649,141.00 1,835,241.00
      Retained Earnings 2,084,503.00 2,047,754.00 1,881,775.00 1,768,653.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -584,329.00 -608,352.00 -923,192.00 -56,696.00
   Minority Interest 0 0 0 0
Debt 45,310.00 39,716.00 726,398.00 34,278.00
Net Debt 0 0 556,893.00 0
Common Shares Outstanding 201,125.08 161,510.86 176,172.07 186,305.33
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 731,514.00 312,656.00 644,804.00 518,150.00
Interest Income 946,766.00 796,459.00 605,181.00 435,159.00
Interest Expense 339,169.00 246,050.00 37,127.00 5,332.00
Non-Interest Expense 466,006.00 391,188.00 354,829.00 345,309.00
   Selling, General and Administrative Expenses 324,035.00 282,503.00 248,641.00 240,350.00
Net Non-Operating Income -27,793.00 -25,610.00 -32,622.00 -6,313.00
EBT 155,766.00 -125,998.00 238,230.00 175,995.00
Income Tax 36,205.00 -63,309.00 51,719.00 30,464.00
Net Income Including Non-Controlling Interests 119,561.00 232,177.00 199,759.00 154,665.00
Net Income 119,561.00 232,177.00 199,759.00 154,665.00
Deprecation and Amortization 38,377.00 23,643.00 23,417.00 22,882.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 181,126.32 162,293.02 165,510.36 172,192.34
Average Shares Outstanding Diluted 182,181.07 162,403.10 165,648.57 172,252.06
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 283,836.00 261,692.00 229,942.00 174,490.00
   Operating Net Income 119,561.00 -62,689.00 186,511.00 145,531.00
   Deprecation and Amortization 38,377.00 23,643.00 23,417.00 22,882.00
   Deferred Income Tax 36,059.00 -18,267.00 5,262.00 -5,663.00
   Share Based Compensation 26,625.00 23,176.00 20,430.00 9,408.00
   Change in Working Capital -5,783.00 32,304.00 -46,385.00 47,331.00
   Other Operating Activities 68,997.00 263,525.00 40,707.00 -44,999.00
Investing Cash Flow 1,059,397.00 2,400,265.00 -1,076,655.00 -1,985,744.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -13,539.00 -8,140.00 -8,627.00 -5,728.00
   Net Purchase/Sale of Investments Net 1,214,348.00 2,313,347.00 243,391.00 -2,374,418.00
   Net Purchase/Sale of Business 24,879.00 0 0 -9,085.00
   Other Investing Activities -166,291.00 95,058.00 -1,311,419.00 403,487.00
Financing Cash Flow -1,029,429.00 -2,138,386.00 -215,574.00 988,976.00
   Net Issuance/Repayment of Debt -739,949.00 -692,612.00 706,550.00 -33,697.00
   Net Issuance/Repurchase of Equity -27,683.00 0 -201,618.00 -23,224.00
   Dividends Paid -82,541.00 -66,671.00 -65,886.00 -51,564.00
   Other Financing Activities -179,256.00 -1,379,103.00 -654,620.00 1,097,461.00
Net Change in Cash 313,804.00 523,571.00 -1,062,287.00 -822,278.00
   Cash at Beginning of Period 693,076.00 169,505.00 1,231,792.00 2,054,070.00
   Cash at End of Period 1,006,880.00 693,076.00 169,505.00 1,231,792.00
Free Cash Flow 270,297.00 253,552.00 221,315.00 168,762.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Assets 25,457,699.00 25,456,168.00 24,986,041.00 25,557,880.00 25,507,187.00 21,044,169.00
   Deposits 0 0 0 0 0 31,542,807.00
      Cash and Short-Term Investments 0 0 0 0 0 750,848.00
            Cash and Cash Equivalents 410,410.00 553,506.00 368,803.00 1,006,880.00 889,476.00 72,890.00
            Short-Term Investments 6,892.00 27,045.00 56,999.00 4,021,598.00 4,163,352.00 677,958.00
      Net Receivables 0 0 0 0 0 1,308.00
      Inventory 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0
      Property, Plant, Equipment Net 72,138.00 66,437.00 65,130.00 64,553.00 78,776.00 108,930.00
      Goodwill 914,957.00 914,957.00 914,957.00 914,957.00 914,957.00 0
      Intangible Assets 111,779.00 119,586.00 127,394.00 135,201.00 142,552.00 0
      Long-Term Investments 4,324,755.00 4,395,380.00 4,444,779.00 4,442,313.00 4,590,811.00 0
      Non-Current Deferred Assets 0 0 0 0 0 276,064.00
      Other Non-Current Assets 0 0 0 0 0 0
Liabilities 21,652,174.00 21,772,277.00 21,403,107.00 21,945,913.00 21,836,049.00 18,076,696.00
      Payables and Expenses 0 0 0 0 0 0
            Account Payables 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0
      Short-Term Debt 0 0 0 2,515.00 0 0
      Other Current Liabilities 0 0 0 0 0 0
      Long-Term Debt 25,882.00 26,797.00 20,128.00 42,795.00 46,747.00 0
      Other Non-Current Liabilities 0 0 0 0 0 0
Equity 3,805,525.00 3,683,891.00 3,582,934.00 3,611,967.00 3,671,138.00 2,967,473.00
   Shareholders Equity 3,805,525.00 3,683,891.00 3,582,934.00 3,611,967.00 3,671,138.00 2,967,473.00
      Capital Stock 2,115.00 2,115.00 2,116.00 2,141.00 2,150.00 1,770.00
      Share Premium 2,193,944.00 2,189,727.00 2,188,552.00 2,237,494.00 2,246,134.00 1,673,722.00
      Retained Earnings 1,997,007.00 1,916,876.00 1,842,607.00 2,084,503.00 2,048,042.00 2,076,566.00
      Treasury Shares 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -263,502.00 -299,527.00 -323,779.00 -584,329.00 -496,111.00 -654,290.00
   Minority Interest 0 0 0 0 0 0
Investments 0 0 0 0 0 5,212,512.00
Debt 25,882.00 26,797.00 20,128.00 45,310.00 46,747.00 52,709.00
Common Shares Outstanding 198,693.12 198,678.91 198,775.79 201,125.08 199,050.07 176,687.83
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 239,976.00 244,263.00 -47,219.00 216,542.00 203,383.00 28,880.00
Interest Income 283,016.00 279,339.00 265,705.00 270,761.00 266,018.00 207,376.00
Interest Expense 82,768.00 77,309.00 76,806.00 91,568.00 96,163.00 78,727.00
Net Interest 0 0 0 0 0 128,649.00
Non-Interest Income 0 0 0 0 0 25,348.00
Non-Interest Expense 129,407.00 126,572.00 116,435.00 123,054.00 141,491.00 -109,869.00
   Selling, General and Administrative Expenses 90,143.00 86,908.00 84,879.00 85,593.00 98,535.00 34,259.00
Net Non-Operating Income -1,694.00 -1,964.00 -5,877.00 -7,139.00 -12,052.00 0
EBT 93,967.00 100,320.00 -183,939.00 72,178.00 -3,353.00 38,002.00
Income Tax -12,177.00 87.00 33,727.00 11,407.00 2,835.00 11,671.00
Net Income Including Non-Controlling Interests 106,144.00 100,233.00 -217,666.00 60,771.00 -6,188.00 0
Net Income 106,144.00 100,233.00 -217,666.00 60,771.00 -6,188.00 26,331.00
EBIT 0 0 0 0 0 116,729.00
Deprecation and Amortization 14,047.00 14,136.00 13,682.00 13,183.00 13,291.00 0
EPS 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
Average Shares Outstanding Basic 198,726.11 198,500.00 200,000.00 201,237.75 196,700.22 163,145.26
Average Shares Outstanding Diluted 199,478.94 199,000.00 201,400.00 202,638.61 197,706.64 163,499.30
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 157,140.00 123,877.00 47,321.00 88,719.00 108,267.00
   Operating Net Income 106,144.00 100,233.00 -217,666.00 60,771.00 -6,188.00
   Deprecation and Amortization 14,047.00 14,136.00 13,682.00 13,183.00 13,291.00
   Deferred Income Tax 14,848.00 23,681.00 -64,905.00 17,046.00 9,123.00
   Share Based Compensation 6,065.00 6,118.00 6,945.00 7,793.00 7,826.00
   Change in Working Capital 18,758.00 -11,052.00 44,990.00 -8,401.00 40,882.00
   Other Operating Activities -2,722.00 -9,239.00 264,275.00 -1,673.00 43,333.00
Investing Cash Flow -162,559.00 -324,392.00 -81,342.00 -29,851.00 1,024,574.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -8,783.00 -4,568.00 -1,801.00 -5,298.00 -1,729.00
   Net Purchase/Sale of Investments Net 91,160.00 52,869.00 79,064.00 4,356.00 965,404.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0 0 0 -28,909.00 0
Financing Cash Flow -137,677.00 385,218.00 -604,056.00 58,536.00 -994,213.00
   Net Issuance/Repayment of Debt -8,365.00 -6,721.00 -11,270.00 23,083.00 -765,579.00
   Net Issuance/Repurchase of Equity 0 -5,473.00 -46,456.00 -15,055.00 -12,628.00
   Dividends Paid -25,880.00 -26,266.00 -24,092.00 -24,257.00 -22,216.00
   Other Financing Activities -103,432.00 423,678.00 -522,238.00 74,765.00 -193,790.00
Net Change in Cash -143,096.00 184,703.00 -638,077.00 117,404.00 138,628.00
   Cash at Beginning of Period 553,506.00 368,803.00 1,006,880.00 889,476.00 750,848.00
   Cash at End of Period 410,410.00 553,506.00 368,803.00 1,006,880.00 889,476.00
Free Cash Flow 148,357.00 119,309.00 45,520.00 83,421.00 106,538.00