Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -13.60 17.17 7.75 9.38
Price to Sales 0.06 57.66 116.61 128.50
Book Value Per Common Share 21.53 23.21 22.97 22.26
Price to Book 0.66 0.71 0.84 1.09
Price to Operating Cash Flow 0.04 14.42 6.97 8.65
Price to Free Cash Flow 0.04 17.14 7.34 9.03
Enterprise Value to EBITDA 19925.74 17710.86 30990.29 47576.34
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 46.03 28.98 -43.79 48.60 105.08 87.59 38.53
Price to Sales 8.00 6.35 283.48 8.21 262.71 319.53 494.47
Book Value Per Common Share 21.06 20.91 20.81 21.53 22.94 23.04 23.21 22.84 22.97 22.26 22.26
Price to Book 0.66 0.57 0.61 0.66 0.64 0.55 0.71 0.65 0.84 1.00 1.09
Price to Operating Cash Flow 23.96 15.64 62.90 79.11 -58.84 -43.26 16.73
Price to Free Cash Flow 24.26 16.49 83.66 88.15 -56.24 -38.37 17.09
Enterprise Value to EBITDA 72603.79 49760.53 79187.29 202047.26

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -61.60 -3.47
Revenue YoY -19.70 68.90 -14.13
EBITDA YoY -10.19 45.71 18.23
Net Profit YoY -62.75 -5.93
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 -26.83 150.00 -29.41 -70.69
Revenue YoY -7.74 4073.96 -97.08 3634.15 -1.20 2.69
EBITDA YoY 32.85 65.07
Net Profit YoY -27.62 138.33 -28.58 -71.69

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 4999.31 5.69 4.92 2.59
Quick Ratio
Current Ratio
Debt to Equity 11.48 11.75 11.44 10.84
Long-Term Debt to Equity
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 8.01 4.53 7.25 5.96 5.84 5.15 6.14 2.68
Quick Ratio
Current Ratio
Debt to Equity 11.47 11.42 11.82 11.48 12.92 12.15 11.75 11.59 11.44 11.09 10.84
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -0.35 0.34 0.91 1.02
ROE -4.32 4.28 11.36 12.04
Gross Margin -37.73 -21.58 0.80 17.12
Operating Margin 3383.96 3030.38 3472.51 2512.51
EBITDA Margin 3472.41 3104.88 3598.93 2613.90
Net Profit Margin -451.03 331.34 1502.25 1371.22
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 0.12 0.16 -0.11 0.09 0.04 0.06 0.22
ROE 1.45 2.01 -1.39 1.32 0.55 0.77 2.70
Gross Margin -183.89 57.53 -432.10 1.16
Operating Margin 3788.03 5172.09 3813.89 2363.97
EBITDA Margin 3884.48 5284.43 3929.84 2444.76
Net Profit Margin 17.55 22.37 -644.05 16.87 264.28 365.56 1325.98

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 0.00
Dividend Payout Ratio 73.79 53.47 74.52

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 9,038,972.00 8,537,236.00 8,422,946.00 8,045,911.00
   Deposits 7,125,851.00 6,764,879.00 6,437,183.00 6,333,532.00
      Cash and Short-Term Investments 152,574.00 172,157.00 151,754.00 81,723.00
            Cash and Cash Equivalents 152,574.00 172,157.00 151,754.00 81,723.00
            Short-Term Investments 0 0 0 0
      Net Receivables 62,036.00 59,018.00 45,048.00 38,698.00
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 63,652.00 60,830.00 65,039.00 73,538.00
      Goodwill 17,636.00 17,636.00 17,636.00 17,636.00
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 2,200.00
      Other Non-Current Assets 0 0 0 0
Liabilities 8,314,433.00 7,867,399.00 7,745,789.00 7,366,283.00
      Payables and Expenses 0 0 0 0
            Account Payables 0 0 0 0
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 0 0 0 0
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0
Equity 724,539.00 669,837.00 677,157.00 679,628.00
   Shareholders Equity 724,539.00 669,837.00 677,157.00 679,628.00
      Capital Stock 387.00 341.00 341.00 341.00
      Share Premium 326,671.00 264,534.00 264,332.00 263,375.00
      Retained Earnings 492,003.00 549,683.00 547,507.00 497,889.00
      Treasury Shares -101,655.00 -106,070.00 -98,535.00 -75,293.00
      Accumulated Other Comprehensive Income 7,133.00 -38,651.00 -36,488.00 -6,684.00
   Minority Interest 0 0 0 0
Investments 574,379.00 209,728.00 809,068.00 835,104.00
Debt 283,564.00 276,302.00 283,597.00 233,512.00
Net Debt 130,990.00 104,145.00 131,843.00 151,789.00
Common Shares Outstanding 33,659.07 28,865.81 29,476.39 30,526.35
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 6,947.00 8,651.00 5,122.00 5,965.00
Cost Of Revenue 9,568.00 10,518.00 5,081.00 4,944.00
Interest Income 475,940.00 409,882.00 319,044.00 288,765.00
Interest Expense 283,351.00 222,325.00 73,010.00 40,593.00
Net Interest 261,087.00 216,750.00 264,477.00 261,968.00
Non-Interest Income -57,445.00 22,588.00 10,009.00 3,687.00
Non-Interest Expense -163,265.00 -151,389.00 -143,692.00 -147,322.00
Provisions for Credit Losses 9,568.00 10,518.00 5,081.00 -4,944.00
Gross Profit -2,621.00 -1,867.00 41.00 1,021.00
   Selling, General and Administrative Expenses 32,853.00 29,941.00 29,408.00 28,485.00
EBT -48,267.00 39,833.00 104,852.00 109,278.00
Income Tax 16,934.00 11,169.00 27,907.00 27,485.00
Net Income -31,333.00 28,664.00 76,945.00 81,793.00
EBIT 235,084.00 262,158.00 177,862.00 149,871.00
Deprecation and Amortization 6,144.00 6,445.00 6,475.00 6,048.00
EBITDA 241,228.00 268,603.00 184,337.00 155,919.00
EPS -0.00 0.00 0.00 0.00
Diluted EPS -0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 30.52 30,265.00 30,823.00 31,550.00
Average Shares Outstanding Diluted 29,949.00 30,265.00 30,823.00 31,550.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 12,412.00 34,585.00 85,755.00 88,598.00
   Operating Net Income -31,333.00 28,664.00 76,945.00 81,793.00
   Deprecation and Amortization 6,144.00 6,445.00 6,475.00 6,048.00
   Deferred Income Tax -15,862.00 3,721.00 144.00 -1,725.00
   Share Based Compensation 2,461.00 5,604.00 6,807.00 6,829.00
   Change in Working Capital -32,358.00 -11,959.00 -8,749.00 -5,206.00
   Other Operating Activities 83,360.00 2,110.00 4,133.00 859.00
Investing Cash Flow -505,604.00 -94,261.00 -351,818.00 -106,783.00
   Capital Expenditure -2,310.00 -5,488.00 -4,342.00 -3,680.00
   Net Purchase/Sale of PPE -2,310.00 -5,488.00 -4,342.00 -3,680.00
   Net Purchase/Sale of Investments Net -1,099,344.00 -129,949.00 -144,554.00 -207,649.00
   Net Purchase/Sale of Business 0 0 0 0
   Net Loan & Lease Activity -154,727.00 -157,302.00 -243,708.00 -233,459.00
   Other Investing Activities 753,087.00 203,966.00 45,128.00 341,685.00
Financing Cash Flow 473,609.00 80,079.00 336,094.00 -57,480.00
   Net Issuance/Repayment of Debt 73,133.00 -209,701.00 242,918.00 -218,800.00
   Net Issuance/Repurchase of Equity 65,540.00 13,165.00 29,675.00 11,370.00
   Dividends Paid 26,043.00 26,260.00 27,031.00 26,524.00
   Other Financing Activities 308,893.00 250,355.00 36,470.00 123,426.00
Net Change in Cash -19,583.00 20,403.00 70,031.00 -75,665.00
   Cash at Beginning of Period 172,157.00 151,754.00 81,723.00 157,388.00
   Cash at End of Period 152,574.00 172,157.00 151,754.00 81,723.00
Free Cash Flow 10,102.00 29,097.00 81,413.00 84,918.00
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 8,871,991.00 8,776,524.00 9,008,396.00 9,038,972.00 9,280,886.00 8,807,325.00 8,537,236.00 8,479,121.00 8,422,946.00 8,169,833.00 8,045,911.00
   Deposits 0 0 7,628,454.00 7,125,851.00 0 7,171,126.00 6,764,879.00 6,655,517.00 6,437,183.00 6,373,400.00 6,333,532.00
      Cash and Short-Term Investments 0 0 271,912.00 152,574.00 0 210,723.00 172,157.00 176,747.00 151,754.00 186,407.00 81,723.00
            Cash and Cash Equivalents 125,614.00 129,508.00 271,912.00 152,574.00 244,828.00 210,723.00 172,157.00 176,747.00 151,754.00 186,407.00 81,723.00
            Short-Term Investments 1,406,455.00 1,285,305.00 0 0 1,388,696.00 0 0 0 0 0 0
      Net Receivables 60,044.00 59,607.00 61,510.00 62,036.00 64,369.00 61,449.00 59,018.00 46,836.00 45,048.00 37,308.00 38,698.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 64,834.00 67,904.00 62,051.00 63,652.00 63,331.00 57,733.00 60,830.00 63,835.00 65,039.00 71,227.00 73,538.00
      Goodwill 0 0 0 17,636.00 17,636.00 17,636.00 17,636.00 17,636.00 17,636.00 17,636.00 17,636.00
      Intangible Assets 854.00 940.00 0 0 1,220.00 0 0 0 0 0 0
      Long-Term Investments 1,452,284.00 1,331,484.00 0 0 1,455,681.00 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 2,200.00
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Liabilities 8,160,765.00 8,070,147.00 8,305,545.00 8,314,433.00 8,613,995.00 8,137,498.00 7,867,399.00 7,805,662.00 7,745,789.00 7,494,020.00 7,366,283.00
      Payables and Expenses 0 0 0 0 0 0 0 0 0 0 0
            Account Payables 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Debt 540,710.00 650,273.00 0 0 891,560.00 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Equity 711,226.00 706,377.00 702,851.00 724,539.00 666,891.00 669,827.00 669,837.00 673,459.00 677,157.00 675,813.00 679,628.00
   Shareholders Equity 711,226.00 706,377.00 702,851.00 724,539.00 666,891.00 669,827.00 669,837.00 673,459.00 677,157.00 675,813.00 679,628.00
      Capital Stock 387.00 387.00 387.00 387.00 341.00 341.00 341.00 341.00 341.00 341.00 341.00
      Share Premium 325,809.00 325,162.00 324,290.00 326,671.00 261,274.00 260,413.00 264,534.00 262,876.00 264,332.00 261,837.00 263,375.00
      Retained Earnings 483,936.00 481,077.00 474,472.00 492,003.00 547,708.00 546,530.00 549,683.00 545,786.00 547,507.00 508,973.00 497,889.00
      Treasury Shares 98,948.00 98,985.00 -98,993.00 -101,655.00 101,633.00 -101,641.00 -106,070.00 -97,760.00 -98,535.00 -79,834.00 -75,293.00
      Accumulated Other Comprehensive Income 42.00 -1,264.00 2,695.00 7,133.00 -40,799.00 -35,816.00 -38,651.00 -37,784.00 -36,488.00 -15,504.00 -6,684.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 558,418.00 574,379.00 0 655,538.00 209,728.00 885,451.00 809,068.00 914,086.00 835,104.00
Debt 540,710.00 650,273.00 281,994.00 283,564.00 891,560.00 275,098.00 276,302.00 280,600.00 283,597.00 233,228.00 233,512.00
Net Debt 366,843.00 470,663.00 10,082.00 130,990.00 601,295.00 64,375.00 104,145.00 103,853.00 131,843.00 46,821.00 151,789.00
Common Shares Outstanding 33,778.44 33,777.01 33,776.69 33,659.07 29,068.90 29,068.56 28,865.81 29,488.46 29,476.39 30,366.54 30,526.35
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Revenues 58,574.00 63,486.00 1,521.00 52,054.00 1,394.00 1,411.00 1,374.00
Cost Of Revenue 0 0 4,318.00 0 592.00 7,508.00 1,358.00
Interest Income 116,440.00 117,374.00 118,599.00 122,560.00 113,465.00 94,076.00 71,371.00
Interest Expense 62,641.00 64,193.00 63,547.00 76,990.00 67,102.00 46,855.00 7,841.00
Net Interest 0 0 74,402.00 0 54,938.00 52,502.00 67,224.00
Non-Interest Income 0 0 5,074.00 0 3,084.00 6,908.00 1,313.00
Non-Interest Expense 42,049.00 38,989.00 -59,676.00 37,434.00 -39,892.00 -37,703.00 -38,794.00
Provisions for Credit Losses 0 0 4,318.00 0 592.00 7,508.00 1,358.00
Gross Profit 0 0 -2,797.00 0 802.00 -6,097.00 16.00
   Selling, General and Administrative Expenses 26,058.00 24,156.00 8,845.00 23,534.00 8,298.00 7,711.00 7,250.00
EBT 13,678.00 18,936.00 -5,931.00 11,457.00 4,997.00 6,959.00 24,640.00
Income Tax 3,231.00 4,733.00 3,865.00 2,551.00 1,313.00 1,801.00 6,421.00
Net Income Including Non-Controlling Interests 10,447.00 14,203.00 0 8,906.00 0 0 0
Net Income 10,280.00 14,203.00 -9,796.00 8,780.00 3,684.00 5,158.00 18,219.00
EBIT 0 0 57,616.00 0 72,099.00 53,814.00 32,481.00
Deprecation and Amortization 1,402.00 1,456.00 1,467.00 1,538.00 1,566.00 1,636.00 1,110.00
EBITDA 0 0 59,083.00 0 73,665.00 55,450.00 33,591.00
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 33,939.00 33,929.00 33,932.00 29,319.00 0 30,265.00 0
Average Shares Outstanding Diluted 33,939.00 33,929.00 0 29,319.00 29,742.00 30,265.00 31,254.00
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 19,561.00 25,777.00 6,852.00 5,403.00 -6,229.00 -10,418.00 40,577.00
   Operating Net Income 10,447.00 14,203.00 -9,796.00 8,906.00 3,684.00 5,158.00 18,219.00
   Deprecation and Amortization 1,402.00 1,456.00 1,467.00 1,538.00 1,566.00 1,636.00 1,110.00
   Deferred Income Tax 2,311.00 3,760.00 2,863.00 2,145.00 922.00 1,136.00 0
   Share Based Compensation 695.00 878.00 775.00 689.00 1,690.00 3,808.00 4,194.00
   Change in Working Capital 3,150.00 8,440.00 -8,704.00 -6,540.00 -16,210.00 -27,016.00 14,872.00
   Other Operating Activities 1,556.00 -2,960.00 20,247.00 -1,335.00 2,119.00 4,860.00 2,182.00
Investing Cash Flow -35,040.00 109,048.00 76,670.00 -83,371.00 -213,986.00 -38,620.00 -95,668.00
   Capital Expenditure 0 0 -1,702.00 0 -287.00 -1,327.00 -874.00
   Net Purchase/Sale of PPE -244.00 -1,331.00 -1,702.00 -554.00 -287.00 -1,327.00 -874.00
   Net Purchase/Sale of Investments Net -73,964.00 58,247.00 13,341.00 -40,847.00 -313,562.00 -71,981.00 -114,611.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0
   Net Loan & Lease Activity -154,727.00 -157,302.00 -243,708.00 -233,459.00
   Other Investing Activities 39,168.00 52,132.00 74,823.00 -41,970.00 172,153.00 77,906.00 75,000.00
Financing Cash Flow 8,285.00 -256,614.00 35,816.00 188,698.00 258,781.00 74,031.00 159,775.00
   Net Issuance/Repayment of Debt -110,000.00 180,000.00 -495,000.00 -470,000.00 -170,750.00 -163,239.00 60,000.00
   Net Issuance/Repurchase of Equity -13.00 -2.00 0 0 0 4,709.00 10,845.00
   Dividends Paid -7,586.00 -7,594.00 7,523.00 -6,543.00 6,537.00 6,659.00 6,850.00
   Other Financing Activities 125,884.00 -429,018.00 523,293.00 665,241.00 422,994.00 225,902.00 82,080.00
Net Change in Cash -7,194.00 -121,789.00 119,338.00 110,730.00 38,566.00 24,993.00 104,684.00
   Cash at Beginning of Period 150,123.00 271,912.00 152,574.00 156,913.00 172,157.00 151,754.00 81,723.00
   Cash at End of Period 142,929.00 150,123.00 271,912.00 267,643.00 210,723.00 176,747.00 186,407.00
Free Cash Flow 19,317.00 24,446.00 5,150.00 4,849.00 -6,516.00 -11,745.00 39,703.00