ECX
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -5.56 | -8.03 | -6.96 | |
| Price to Sales | 0.93 | 1.61 | 3.70 | |
| Book Value Per Common Share | -0.71 | -0.38 | -0.08 | -1.91 |
| Price to Book | -2.98 | -8.24 | -94.67 | |
| Price to Operating Cash Flow | -12.05 | -6.13 | -28.60 | |
| Price to Free Cash Flow | -9.52 | -5.84 | -21.32 | |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -15.77 | -16.05 | -139.74 | -13.64 | |
| Price to Sales | 3.10 | 4.52 | 2.49 | 2.87 | 3.22 |
| Book Value Per Common Share | -0.84 | -0.84 | -0.62 | -0.71 | -0.72 |
| Price to Book | -2.41 | -2.44 | -2.03 | -2.98 | -2.65 |
| Price to Operating Cash Flow | |||||
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA | 1562472.38 | 912277.97 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 14.90 | 28.42 | 18.42 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 41.88 | -7.90 | -31.45 | 23.86 | |
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 0.19 | 0.30 | 0.52 | 0.41 |
| Quick Ratio | 0.45 | 0.66 | 0.86 | 0.63 |
| Current Ratio | 0.55 | 0.78 | 0.98 | 0.81 |
| Debt to Equity | -3.16 | -6.18 | -138.31 | -1.97 |
| Long-Term Debt to Equity | -0.22 | -1.07 | -24.32 | -1.23 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.21 | 0.35 | 0.40 | 0.19 | 0.33 |
| Quick Ratio | 0.39 | 0.42 | 0.44 | 0.45 | 0.48 |
| Current Ratio | 0.54 | 0.53 | 0.60 | 0.55 | 0.62 |
| Debt to Equity | -2.73 | -2.68 | -3.55 | -3.16 | -3.24 |
| Long-Term Debt to Equity | -0.21 | -0.19 | -0.25 | -0.22 | -0.54 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -24.72 | -21.84 | -40.58 | -35.77 |
| ROE | 53.43 | 113.09 | 5571.62 | 34.79 |
| Gross Margin | 20.75 | 27.08 | 27.90 | 29.40 |
| Operating Margin | -15.37 | -20.00 | -43.05 | -37.36 |
| EBITDA Margin | -11.95 | -17.35 | -39.78 | -35.02 |
| Net Profit Margin | -16.76 | -20.01 | -53.90 | -51.05 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.08 | -8.72 | -4.44 | 1.51 | -8.33 |
| ROE | -0.14 | 14.62 | 11.29 | -3.27 | 18.64 |
| Gross Margin | 21.65 | 10.72 | 19.84 | 21.23 | 17.26 |
| Operating Margin | 2.05 | -24.65 | -13.15 | 3.20 | -21.80 |
| EBITDA Margin | 2.05 | -24.65 | -13.15 | 3.20 | -21.80 |
| Net Profit Margin | 0.18 | -27.85 | -15.39 | 3.19 | -22.81 |
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 |
|---|---|---|---|---|
| Assets | 516,586.21 | 607,626.89 | 685,726.38 | 622,315.62 |
| Current Assets | 387,847.70 | 469,531.50 | 558,510.72 | 385,409.39 |
| Cash and Short-Term Investments | 62,267.78 | 100,109.47 | 124,718.74 | 137,738.50 |
| Cash and Cash Equivalents | 44,387.89 | 80,659.09 | 124,718.74 | 137,738.50 |
| Short-Term Investments | 17,879.89 | 19,450.39 | 0 | 0 |
| Net Receivables | 253,017.77 | 294,131.99 | 364,127.96 | 160,294.16 |
| Inventory | 32,046.41 | 22,681.63 | 26,462.39 | 35,035.38 |
| Other Current Assets | 40,515.75 | 52,608.41 | 43,201.63 | 52,341.35 |
| Non-Current Assets | 128,738.51 | 138,095.39 | 127,215.66 | 236,906.23 |
| Property, Plant, Equipment Net | 40,129.45 | 34,702.20 | 34,678.74 | 16,183.62 |
| Goodwill | 3,524.20 | 0 | 0 | 0 |
| Intangible Assets | 42,434.62 | 25,299.92 | 6,502.25 | 4,867.51 |
| Long-Term Investments | 2,169.70 | 42,460.71 | 51,288.54 | 212,429.83 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 40,480.54 | 35,632.56 | 0 | 0 |
| Liabilities | 755,609.65 | 724,945.97 | 690,720.51 | 1,262,126.73 |
| Current Liabilities | 702,075.59 | 599,868.52 | 569,252.10 | 474,209.22 |
| Payables and Expenses | 397,863.45 | 389,016.73 | 358,749.58 | 244,288.61 |
| Account Payables | 291,786.41 | 300,977.63 | 244,512.63 | 119,467.53 |
| Current Accrued Liabilities | 7,531.95 | 7,756.68 | 19,821.72 | 0 |
| Short-Term Debt | 275,824.17 | 175,645.68 | 155,017.90 | 166,188.80 |
| Other Current Liabilities | 28,387.97 | 35,206.11 | 55,484.61 | 63,731.82 |
| Non-Current Liabilities | 53,534.06 | 125,077.45 | 121,468.41 | 787,917.51 |
| Long-Term Debt | 16,632.65 | 79,466.47 | 73,722.99 | 0 |
| Other Non-Current Liabilities | 36,901.41 | 45,610.98 | 47,745.42 | 787,917.51 |
| Equity | -239,023.44 | -117,319.08 | -4,994.13 | -639,811.11 |
| Shareholders Equity | -241,046.01 | -129,585.39 | -28,466.08 | -643,696.52 |
| Capital Stock | 1.51 | 1.41 | 1.45 | 1.10 |
| Share Premium | 851,258.20 | 860,067.57 | 858,008.78 | 0 |
| Retained Earnings | -1,041,492.72 | -941,044.21 | -830,545.13 | -644,646.46 |
| Treasury Shares | 1,018.48 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -49,794.52 | -48,610.16 | -55,931.18 | 948.84 |
| Minority Interest | 2,022.58 | 12,266.31 | 23,471.95 | 3,885.41 |
| Debt | 292,456.82 | 255,112.15 | 228,740.89 | 166,188.80 |
| Net Debt | 225,831.15 | 154,318.20 | 89,545.61 | 28,450.29 |
| Common Shares Outstanding | 340,127.03 | 337,949.97 | 337,395.39 | 337,395.39 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 761,806.82 | 662,990.29 | 516,283.39 | 435,993.00 |
| Cost Of Revenue | 603,700.77 | 483,447.65 | 372,228.34 | 307,808.16 |
| Interest Income | 3,038.04 | 4,303.11 | 2,003.10 | 2,142.26 |
| Interest Expense | 18,323.17 | 11,188.25 | 6,456.16 | 20,643.70 |
| Non-Interest Expense | 106,461.28 | 131,403.52 | 189,904.34 | 95,365.31 |
| Gross Profit | 158,106.05 | 179,542.65 | 144,055.05 | 128,184.84 |
| Operating Expenses | 276,259.91 | 308,090.60 | 374,474.80 | 285,130.14 |
| Selling, General and Administrative Expenses | 106,461.28 | 131,403.52 | 189,904.34 | 95,365.31 |
| Research and Development Expenses | 172,561.33 | 178,357.93 | 193,179.02 | 189,764.83 |
| Other Operating Expenses | -2,762.70 | -1,670.85 | -8,608.55 | -4,507.00 |
| Operating Income | -118,153.86 | -128,547.95 | -230,419.75 | -156,945.29 |
| Net Non-Operating Income | 63.56 | 751.49 | 3,030.31 | -7,482.00 |
| EBT | -135,393.76 | -143,771.41 | -228,730.60 | -183,539.17 |
| Income Tax | 203.01 | -513.92 | 4,212.75 | 1,076.39 |
| Net Income Including Non-Controlling Interests | -135,596.77 | -143,257.48 | -232,943.34 | -184,615.55 |
| Net Income Non-Controlling Interests | 7,884.14 | 10,578.82 | 6,229.91 | 439.75 |
| Net Income | -127,712.63 | -132,678.67 | -278,253.74 | -222,592.21 |
| EBIT | -117,070.59 | -132,583.16 | -222,274.43 | -162,895.47 |
| Deprecation and Amortization | 26,069.09 | 17,583.30 | 16,890.70 | 10,222.62 |
| EBITDA | -91,001.49 | -114,999.86 | -205,383.73 | -152,672.85 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 336,641.85 | 337,407.22 | 239,296.39 | 337,395.39 |
| Average Shares Outstanding Diluted | 336,641.85 | 337,407.22 | 239,296.39 | 337,395.39 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -58,941.52 | -173,934.49 | -66,867.22 | -142,339.00 |
| Operating Net Income | -135,596.77 | -143,257.48 | -232,943.34 | -184,615.55 |
| Deprecation and Amortization | 26,069.09 | 17,583.30 | 16,890.70 | 10,222.62 |
| Deferred Income Tax | -2,498.46 | -16.08 | 0 | 0 |
| Share Based Compensation | 18,760.02 | 24,549.98 | 105,177.48 | 28,228.77 |
| Change in Working Capital | 30,604.92 | -85,211.18 | 43,360.34 | -34,823.11 |
| Other Operating Activities | 3,719.68 | 12,416.98 | 647.60 | 0 |
| Investing Cash Flow | -8,206.05 | 83,526.08 | -45,372.57 | -187,984.81 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -15,488.69 | -8,469.37 | -22,546.35 | -13,450.68 |
| Net Purchase/Sale of Investments Net | -5,191.71 | -19,742.12 | -11,514.50 | -179,733.14 |
| Net Purchase/Sale of Business | 11,529.16 | 111,737.58 | -3,136.98 | -1,311.56 |
| Other Investing Activities | 945.19 | 0.00 | -8,174.74 | 6,510.57 |
| Financing Cash Flow | 35,840.47 | 41,873.71 | 95,338.22 | 333,034.00 |
| Net Issuance/Repayment of Debt | 41,487.10 | 46,553.62 | 67,438.87 | -45,388.37 |
| Net Issuance/Repurchase of Equity | -2,999.68 | 0 | 23,116.11 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -2,646.95 | -4,679.91 | 4,783.24 | 0 |
| Net Change in Cash | -31,307.11 | -48,534.69 | -16,901.57 | 2,710.19 |
| Cash at Beginning of Period | 82,038.05 | 127,166.01 | 143,367.01 | 157,492.98 |
| Cash at End of Period | 50,335.20 | 84,485.79 | 130,655.14 | 155,179.87 |
| Free Cash Flow | -74,646.51 | -182,708.29 | -89,664.60 | -155,789.68 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 507,400.00 | 494,944.00 | 583,812.88 | 516,586.21 | 542,560.93 |
| Current Assets | 397,100.00 | 385,789.00 | 450,686.97 | 387,847.70 | 405,130.98 |
| Cash and Short-Term Investments | 69,900.00 | 119,595.00 | 133,690.35 | 62,267.78 | 109,692.97 |
| Cash and Cash Equivalents | 44,300.00 | 86,216.00 | 115,586.88 | 44,387.89 | 91,981.23 |
| Short-Term Investments | 25,600.00 | 33,379.00 | 18,103.47 | 17,879.89 | 17,711.74 |
| Net Receivables | 220,300.00 | 191,557.00 | 195,682.70 | 253,017.77 | 202,458.54 |
| Inventory | 71,400.00 | 34,983.00 | 38,698.75 | 32,046.41 | 33,826.28 |
| Other Current Assets | 35,500.00 | 39,654.00 | 82,615.16 | 40,515.75 | 59,153.20 |
| Non-Current Assets | 110,300.00 | 109,155.00 | 133,125.91 | 128,738.51 | 137,429.94 |
| Property, Plant, Equipment Net | 40,700.00 | 42,677.00 | 39,924.01 | 40,129.45 | 44,293.60 |
| Goodwill | 3,600.00 | 3,591.00 | 3,538.09 | 3,524.20 | 3,664.99 |
| Intangible Assets | 39,200.00 | 40,669.00 | 42,457.12 | 42,434.62 | 41,113.47 |
| Long-Term Investments | 2,200.00 | 1,996.00 | 2,257.77 | 2,169.70 | 5,376.27 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 24,600.00 | 20,222.00 | 44,948.92 | 40,480.54 | 42,981.62 |
| Liabilities | 800,700.00 | 790,217.00 | 813,141.88 | 755,609.65 | 785,020.61 |
| Current Liabilities | 738,600.00 | 733,016.00 | 754,797.76 | 702,075.59 | 654,107.78 |
| Payables and Expenses | 355,800.00 | 331,989.00 | 364,010.57 | 397,863.45 | 375,768.29 |
| Account Payables | 248,700.00 | 217,936.00 | 237,396.40 | 291,786.41 | 249,889.48 |
| Current Accrued Liabilities | 75,100.00 | 7,400.00 | 76,984.50 | 7,531.95 | 70,390.60 |
| Short-Term Debt | 370,700.00 | 377,735.00 | 366,571.22 | 275,824.17 | 255,294.27 |
| Other Current Liabilities | 12,100.00 | 23,292.00 | 24,215.98 | 28,387.97 | 23,045.22 |
| Non-Current Liabilities | 62,100.00 | 57,201.00 | 58,344.12 | 53,534.06 | 130,912.82 |
| Long-Term Debt | 20,300.00 | 16,379.00 | 16,134.81 | 16,632.65 | 83,267.97 |
| Other Non-Current Liabilities | 41,800.00 | 40,822.00 | 42,209.31 | 36,901.41 | 47,644.85 |
| Equity | -293,300.00 | -295,273.00 | -229,329.00 | -239,023.44 | -242,459.68 |
| Shareholders Equity | -292,200.00 | -293,708.00 | -230,155.02 | -241,046.01 | -245,026.60 |
| Capital Stock | 0 | 2.00 | 0 | 1.51 | 0 |
| Share Premium | 945,000.00 | 944,255.00 | 900,892.10 | 851,258.20 | 884,388.86 |
| Retained Earnings | -1,193,100.00 | -1,193,508.00 | -1,072,592.86 | -1,041,492.72 | -1,079,061.08 |
| Treasury Shares | 30,000.00 | 30,004.00 | 9,485.39 | 1,018.48 | 0 |
| Accumulated Other Comprehensive Income | -14,100.00 | -14,453.00 | -48,968.86 | -49,794.52 | -50,354.38 |
| Minority Interest | -1,100.00 | -1,565.00 | 826.01 | 2,022.58 | 2,566.92 |
| Debt | 391,000.00 | 394,114.00 | 382,706.02 | 292,456.82 | 338,562.24 |
| Net Debt | 326,900.00 | 286,024.00 | 245,092.10 | 225,831.15 | 221,924.33 |
| Common Shares Outstanding | 349,791.28 | 349,791.28 | 370,730.03 | 340,127.03 | 340,127.03 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 219,900.00 | 154,994.43 | 168,286.57 | 245,485.50 | 198,200.00 |
| Cost Of Revenue | 172,300.00 | 138,378.16 | 134,901.84 | 193,378.91 | 164,000.00 |
| Interest Income | 1,500.00 | 824.35 | 729.65 | 685.03 | 700.00 |
| Interest Expense | 3,700.00 | 5,516.95 | 4,722.05 | 7,855.85 | 3,900.00 |
| Non-Interest Expense | 18,400.00 | 24,186.74 | 23,431.26 | 18,087.99 | 29,000.00 |
| Gross Profit | 47,600.00 | 16,616.27 | 33,384.73 | 52,106.60 | 34,200.00 |
| Operating Expenses | 44,300.00 | 53,892.29 | 58,013.71 | 57,030.85 | 76,800.00 |
| Selling, General and Administrative Expenses | 18,400.00 | 24,186.74 | 23,431.26 | 18,087.99 | 29,000.00 |
| Research and Development Expenses | 25,900.00 | 33,746.55 | 34,582.45 | 41,705.55 | 47,800.00 |
| Operating Income | 3,300.00 | -37,276.02 | -24,628.98 | -4,924.25 | -42,600.00 |
| Net Non-Operating Income | 200.00 | -1,144.80 | 2,078.80 | 2,744.56 | -200.00 |
| EBT | 800.00 | -43,727.78 | -26,859.22 | 11.17 | -47,100.00 |
| Income Tax | -100.00 | 1,804.20 | 247.80 | 74.67 | 100.00 |
| Net Income Including Non-Controlling Interests | 900.00 | -45,531.98 | -27,107.02 | -63.50 | -47,200.00 |
| Net Income Non-Controlling Interests | -500.00 | 2,371.51 | 1,211.49 | 126.34 | 2,000.00 |
| Net Income | 400.00 | -43,160.46 | -25,895.54 | 7,820.64 | -45,200.00 |
| EBIT | 4,500.00 | -38,210.83 | -22,137.17 | 7,867.02 | -43,200.00 |
| EBITDA | 4,500.00 | -38,210.83 | -22,137.17 | 7,867.02 | -43,200.00 |
| EPS | 0 | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | 0 | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 339,033.30 | 341,773.72 | 332,595.88 | 333,819.73 | 334,158.09 |
| Average Shares Outstanding Diluted | 340,628.00 | 341,773.72 | 332,595.88 | 333,819.73 | 334,158.09 |
| Breakdown |
|---|
| Operating Cash Flow |
| Operating Net Income |
| Deprecation and Amortization |
| Deferred Income Tax |
| Share Based Compensation |
| Change in Working Capital |
| Other Operating Activities |
| Investing Cash Flow |
| Capital Expenditure |
| Net Purchase/Sale of PPE |
| Net Purchase/Sale of Investments Net |
| Net Purchase/Sale of Business |
| Other Investing Activities |
| Financing Cash Flow |
| Net Issuance/Repayment of Debt |
| Net Issuance/Repurchase of Equity |
| Dividends Paid |
| Other Financing Activities |
| Net Change in Cash |
| Cash at Beginning of Period |
| Cash at End of Period |
| Free Cash Flow |