EH
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -4.60 | -3.54 | -1.50 | -2.68 |
| Price to Sales | 2.32 | 9.09 | 11.10 | 14.84 |
| Book Value Per Common Share | 6.65 | 1.68 | 1.07 | 2.92 |
| Price to Book | 2.37 | 9.98 | 8.04 | 5.11 |
| Price to Operating Cash Flow | 6.70 | -12.07 | -2.84 | -6.93 |
| Price to Free Cash Flow | 8.97 | -10.94 | -2.63 | -6.14 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Price to Earnings | -15.50 | -19.34 | -23.86 | -20.20 | -12.57 |
| Price to Sales | 8.54 | 57.60 | 6.77 | 7.60 | 8.75 |
| Book Value Per Common Share | 7.02 | 6.41 | 6.65 | 5.19 | 5.03 |
| Price to Book | 2.47 | 3.26 | 2.37 | 2.72 | 2.70 |
| Price to Operating Cash Flow | |||||
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 288.46 | 164.97 | -21.99 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 464.01 | -84.12 | 28.21 | 25.59 | |
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 16.74 | 4.73 | 4.35 | 5.52 |
| Quick Ratio | 2.56 | 1.38 | 1.04 | 2.83 |
| Current Ratio | 2.89 | 1.81 | 1.37 | 3.50 |
| Debt to Equity | 0.66 | 1.79 | 3.26 | 0.60 |
| Long-Term Debt to Equity | 0.17 | 0.63 | 0.99 | 0.19 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 15.47 | 15.05 | 15.92 | 15.05 | 14.55 |
| Quick Ratio | 2.15 | 2.28 | 2.56 | 2.11 | 1.89 |
| Current Ratio | 2.50 | 2.68 | 2.89 | 2.39 | 2.12 |
| Debt to Equity | 0.76 | 0.74 | 0.66 | 0.86 | 1.06 |
| Long-Term Debt to Equity | 0.19 | 0.21 | 0.17 | 0.19 | 0.22 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -14.50 | -50.40 | -61.83 | -58.64 |
| ROE | -24.04 | -140.84 | -263.25 | -93.99 |
| Gross Margin | 61.37 | 64.13 | 65.93 | 63.43 |
| Operating Margin | -48.65 | -243.24 | -734.77 | -548.67 |
| EBITDA Margin | -44.31 | -225.05 | -687.63 | -534.99 |
| Net Profit Margin | -50.37 | -256.93 | -740.62 | -552.68 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| ROA | -4.55 | -4.88 | -2.96 | -3.46 | -5.44 |
| ROE | -8.00 | -8.46 | -4.90 | -6.43 | -11.19 |
| Gross Margin | 62.57 | 62.44 | 60.68 | 61.20 | 62.39 |
| Operating Margin | -53.28 | -289.38 | -26.83 | -35.44 | -68.86 |
| EBITDA Margin | -53.28 | -289.38 | -26.83 | -35.44 | -68.86 |
| Net Profit Margin | -54.90 | -299.26 | -28.52 | -37.51 | -70.12 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 1,584,498.00 | 598,645.00 | 530,867.00 | 535,434.00 |
| Current Assets | 1,357,020.00 | 453,048.00 | 387,155.00 | 477,150.00 |
| Cash and Short-Term Investments | 1,124,560.00 | 300,141.00 | 249,310.00 | 311,971.00 |
| Cash and Cash Equivalents | 610,877.00 | 228,250.00 | 249,310.00 | 246,863.00 |
| Short-Term Investments | 513,683.00 | 71,891.00 | 0 | 65,108.00 |
| Net Receivables | 80,886.00 | 45,971.00 | 44,074.00 | 74,036.00 |
| Inventory | 75,687.00 | 59,488.00 | 72,364.00 | 78,075.00 |
| Other Current Assets | 75,887.00 | 47,448.00 | 21,407.00 | 13,068.00 |
| Non-Current Assets | 227,478.00 | 145,597.00 | 143,712.00 | 58,284.00 |
| Property, Plant, Equipment Net | 188,657.00 | 119,151.00 | 120,542.00 | 33,821.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 33,764.00 | 18,369.00 | 9,839.00 | 6,143.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Liabilities | 628,684.00 | 384,426.00 | 406,189.00 | 201,388.00 |
| Current Liabilities | 470,343.00 | 250,075.00 | 282,341.00 | 136,447.00 |
| Payables and Expenses | 257,222.00 | 109,273.00 | 101,912.00 | 98,835.00 |
| Account Payables | 127,446.00 | 35,101.00 | 35,456.00 | 45,560.00 |
| Current Accrued Liabilities | 719.00 | 569.00 | 749.00 | 769.00 |
| Short-Term Debt | 87,277.00 | 78,931.00 | 126,306.00 | 13,000.00 |
| Other Current Liabilities | 125,844.00 | 61,871.00 | 54,123.00 | 24,612.00 |
| Non-Current Liabilities | 158,341.00 | 134,351.00 | 123,848.00 | 64,941.00 |
| Long-Term Debt | 146,219.00 | 84,616.00 | 73,759.00 | 17,000.00 |
| Other Non-Current Liabilities | 12,122.00 | 49,735.00 | 50,089.00 | 47,941.00 |
| Equity | 955,814.00 | 214,219.00 | 124,678.00 | 334,046.00 |
| Shareholders Equity | 955,643.00 | 213,792.00 | 124,258.00 | 332,601.00 |
| Capital Stock | 90.00 | 80.00 | 75.00 | 75.00 |
| Share Premium | 2,923,178.00 | 1,951,936.00 | 1,558,356.00 | 1,459,374.00 |
| Retained Earnings | -1,984,851.00 | -1,754,542.00 | -1,450,374.00 | -1,122,153.00 |
| Treasury Shares | 10,085.00 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 27,311.00 | 16,318.00 | 16,201.00 | -4,695.00 |
| Minority Interest | 171.00 | 427.00 | 420.00 | 1,445.00 |
| Debt | 233,496.00 | 163,547.00 | 200,065.00 | 30,000.00 |
| Common Shares Outstanding | 143,769.71 | 127,011.48 | 116,455.95 | 113,860.20 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 456,152.00 | 117,426.00 | 44,317.00 | 56,807.00 |
| Cost Of Revenue | 176,206.00 | 42,115.00 | 15,098.00 | 20,777.00 |
| Interest Income | 30,599.00 | 8,484.00 | 4,669.00 | 5,143.00 |
| Interest Expense | 3,375.00 | 14,953.00 | 3,819.00 | 1,803.00 |
| Non-Interest Expense | 364,425.00 | 210,481.00 | 204,181.00 | 230,617.00 |
| Gross Profit | 279,946.00 | 75,311.00 | 29,219.00 | 36,030.00 |
| Operating Expenses | 534,021.00 | 371,563.00 | 333,169.00 | 356,566.00 |
| Selling, General and Administrative Expenses | 364,425.00 | 210,481.00 | 204,181.00 | 230,617.00 |
| Research and Development Expenses | 199,465.00 | 167,315.00 | 135,082.00 | 137,148.00 |
| Other Operating Expenses | -29,869.00 | -6,233.00 | -6,094.00 | -11,199.00 |
| Operating Income | -254,075.00 | -296,252.00 | -303,950.00 | -320,536.00 |
| Net Non-Operating Income | 2,746.00 | 1,752.00 | -24,860.00 | 4,537.00 |
| EBT | -225,293.00 | -300,575.00 | -329,448.00 | -313,486.00 |
| Income Tax | 386.00 | 206.00 | 79.00 | 134.00 |
| Net Income Including Non-Controlling Interests | -230,032.00 | -302,341.00 | -329,331.00 | -313,896.00 |
| Net Income Non-Controlling Interests | 256.00 | 641.00 | 1,110.00 | -63.00 |
| Net Income | -229,776.00 | -301,700.00 | -328,221.00 | -313,959.00 |
| EBIT | -221,918.00 | -285,622.00 | -325,629.00 | -311,683.00 |
| Deprecation and Amortization | 19,799.00 | 21,360.00 | 20,893.00 | 7,773.00 |
| EBITDA | -202,119.00 | -264,262.00 | -304,736.00 | -303,910.00 |
| EPS | -0.00 | -0.00 | -0.01 | -0.01 |
| Diluted EPS | -0.00 | -0.00 | -0.01 | -0.01 |
| Average Shares Outstanding Basic | 67,183.50 | 63,505.74 | 57,347.50 | 56,492.50 |
| Average Shares Outstanding Diluted | 67,183.50 | 63,505.74 | 57,347.50 | 56,492.50 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 157,959.00 | -88,410.00 | -173,458.00 | -121,629.00 |
| Operating Net Income | -230,032.00 | -302,341.00 | -329,331.00 | -313,896.00 |
| Deprecation and Amortization | 19,799.00 | 21,360.00 | 20,893.00 | 7,773.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 273,124.00 | 151,485.00 | 96,515.00 | 121,131.00 |
| Change in Working Capital | 88,083.00 | 16,969.00 | -10,007.00 | 2,023.00 |
| Other Operating Activities | 0 | 0 | 48,472.00 | 61,340.00 |
| Investing Cash Flow | -482,508.00 | -128,692.00 | 56,400.00 | -33,401.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -38,966.00 | -7,832.00 | -11,978.00 | -15,645.00 |
| Net Purchase/Sale of Investments Net | -546,726.00 | -80,948.00 | 70,031.00 | -17,705.00 |
| Net Purchase/Sale of Business | 0 | -6,920.00 | 0 | 0 |
| Other Investing Activities | 103,184.00 | -32,992.00 | -1,653.00 | -51.00 |
| Financing Cash Flow | 701,357.00 | 195,480.00 | 106,740.00 | 266,947.00 |
| Net Issuance/Repayment of Debt | 13,314.00 | -54,719.00 | 106,655.00 | 10,000.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 256,945.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 2.00 |
| Net Change in Cash | 376,808.00 | -21,622.00 | -10,318.00 | 111,917.00 |
| Cash at Beginning of Period | 228,250.00 | 249,310.00 | 247,023.00 | 140,173.00 |
| Cash at End of Period | 610,877.00 | 228,250.00 | 249,310.00 | 247,023.00 |
| Free Cash Flow | 117,881.00 | -97,497.00 | -187,277.00 | -137,325.00 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Assets | 1,775,574.00 | 1,600,741.00 | 1,584,498.00 | 1,388,522.00 | 1,314,685.00 |
| Current Assets | 1,446,886.00 | 1,303,368.00 | 1,357,020.00 | 1,193,687.00 | 1,130,011.00 |
| Cash and Short-Term Investments | 1,119,882.00 | 1,082,668.00 | 1,124,560.00 | 1,037,194.00 | 956,931.00 |
| Cash and Cash Equivalents | 378,584.00 | 382,455.00 | 610,877.00 | 611,745.00 | 623,436.00 |
| Short-Term Investments | 741,298.00 | 700,213.00 | 513,683.00 | 425,449.00 | 333,495.00 |
| Net Receivables | 121,124.00 | 28,527.00 | 80,886.00 | 18,399.00 | 49,066.00 |
| Inventory | 107,033.00 | 109,033.00 | 75,687.00 | 67,879.00 | 71,175.00 |
| Other Current Assets | 98,847.00 | 83,140.00 | 75,887.00 | 70,215.00 | 52,839.00 |
| Non-Current Assets | 328,688.00 | 297,373.00 | 227,478.00 | 194,835.00 | 184,674.00 |
| Property, Plant, Equipment Net | 260,787.00 | 250,256.00 | 188,657.00 | 167,671.00 | 162,772.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 61,614.00 | 32,035.00 | 33,764.00 | 22,718.00 | 17,457.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 6,287.00 | 15,082.00 | 5,057.00 | 4,446.00 | 4,445.00 |
| Liabilities | 765,844.00 | 678,261.00 | 628,684.00 | 641,725.00 | 675,323.00 |
| Current Liabilities | 578,032.00 | 486,730.00 | 470,343.00 | 500,295.00 | 531,829.00 |
| Payables and Expenses | 324,331.00 | 266,349.00 | 257,222.00 | 218,820.00 | 177,212.00 |
| Account Payables | 147,456.00 | 142,174.00 | 127,446.00 | 100,514.00 | 73,965.00 |
| Current Accrued Liabilities | 176,769.00 | 124,166.00 | 719.00 | 118,178.00 | 103,246.00 |
| Short-Term Debt | 188,595.00 | 123,378.00 | 87,277.00 | 184,527.00 | 173,700.00 |
| Other Current Liabilities | 65,106.00 | 97,003.00 | 125,844.00 | 96,948.00 | 180,917.00 |
| Non-Current Liabilities | 187,812.00 | 191,531.00 | 158,341.00 | 141,430.00 | 143,494.00 |
| Long-Term Debt | 177,746.00 | 182,219.00 | 146,219.00 | 130,638.00 | 133,094.00 |
| Other Non-Current Liabilities | 10,066.00 | 9,312.00 | 12,122.00 | 10,792.00 | 10,400.00 |
| Equity | 1,009,730.00 | 922,480.00 | 955,814.00 | 746,797.00 | 639,362.00 |
| Shareholders Equity | 1,010,015.00 | 922,615.00 | 955,643.00 | 746,607.00 | 639,096.00 |
| Capital Stock | 91.00 | 90.00 | 90.00 | 87.00 | 85.00 |
| Share Premium | 3,142,434.00 | 2,970,233.00 | 2,923,178.00 | 2,677,148.00 | 2,508,530.00 |
| Retained Earnings | -2,143,728.00 | -2,062,935.00 | -1,984,851.00 | -1,937,460.00 | -1,889,404.00 |
| Treasury Shares | 10,085.00 | 10,085.00 | 10,085.00 | 0 | 0 |
| Accumulated Other Comprehensive Income | 21,303.00 | 25,312.00 | 27,311.00 | 6,832.00 | 19,885.00 |
| Minority Interest | -285.00 | -135.00 | 171.00 | 190.00 | 266.00 |
| Debt | 366,341.00 | 305,597.00 | 233,496.00 | 315,165.00 | 306,794.00 |
| Common Shares Outstanding | 143,969.71 | 143,969.71 | 143,769.71 | 143,769.71 | 127,111.48 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Revenues | 147,162.00 | 26,092.00 | 164,278.00 | 128,128.00 | 102,019.00 |
| Cost Of Revenue | 55,090.00 | 9,799.00 | 64,590.00 | 49,713.00 | 38,367.00 |
| Interest Income | 11,673.00 | 12,049.00 | 12,028.00 | 8,944.00 | 6,763.00 |
| Interest Expense | 997.00 | 1,153.00 | 870.00 | 847.00 | 799.00 |
| Non-Interest Expense | 115,342.00 | 73,572.00 | 106,131.00 | 106,838.00 | 81,556.00 |
| Gross Profit | 92,072.00 | 16,293.00 | 99,688.00 | 78,415.00 | 63,652.00 |
| Operating Expenses | 170,187.00 | 106,171.00 | 155,736.00 | 133,161.00 | 141,095.00 |
| Selling, General and Administrative Expenses | 115,342.00 | 73,572.00 | 106,131.00 | 106,838.00 | 81,556.00 |
| Research and Development Expenses | 57,579.00 | 37,285.00 | 55,963.00 | 43,866.00 | 61,800.00 |
| Other Operating Expenses | -2,734.00 | -4,686.00 | -6,358.00 | -17,543.00 | -2,261.00 |
| Operating Income | -78,115.00 | -89,878.00 | -56,048.00 | -54,746.00 | -77,443.00 |
| Net Non-Operating Income | -13,747.00 | 751.00 | 755.00 | 43.00 | 911.00 |
| EBT | -79,412.00 | -76,659.00 | -44,948.00 | -46,253.00 | -71,051.00 |
| Income Tax | 114.00 | 1.00 | 177.00 | 190.00 | 18.00 |
| Net Income Including Non-Controlling Interests | -81,013.00 | -78,390.00 | -46,877.00 | -48,132.00 | -71,634.00 |
| Net Income Non-Controlling Interests | 220.00 | 306.00 | 19.00 | 76.00 | 97.00 |
| Net Income | -80,793.00 | -78,084.00 | -46,858.00 | -48,056.00 | -71,537.00 |
| EBIT | -78,415.00 | -75,506.00 | -44,078.00 | -45,406.00 | -70,252.00 |
| EBITDA | -78,415.00 | -75,506.00 | -44,078.00 | -45,406.00 | -70,252.00 |
| 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 | 72,370.50 | 71,943.00 | 70,653.50 | 68,903.50 | 65,768.50 |
| Average Shares Outstanding Diluted | 72,370.50 | 71,943.00 | 70,653.50 | 68,903.50 | 65,768.50 |
| 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 |