Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 30.83 -5.33 -2.45 160.51
Price to Sales 4.41 3.61 4.22 7.20
Book Value Per Common Share 29.56 32.68 46.05 77.75
Price to Book 2.73 1.84 1.47 1.40
Price to Operating Cash Flow 20.54 17.08 25.27 13.98
Price to Free Cash Flow 32.89 27.35 65.47 18.89
Enterprise Value to EBITDA 126705.88 112288.23 130453.30 134345.67
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2021-09-30 2021-03-31
Price to Earnings 129.29 -90.46 497.87 155.33 204.27 468.00 -234.35
Price to Sales 12.64 16.34 15.57 16.66 17.76 21.27 27.09
Book Value Per Common Share 26.70 27.12 28.64 29.56 30.51 76.84 78.04
Price to Book 2.47 3.00 2.61 2.73 2.74 1.58 1.80
Price to Operating Cash Flow 42.78 72.44 86.29 55.36 46.29 104.45
Price to Free Cash Flow 58.33 114.89 176.05 72.88 61.51 162.31
Enterprise Value to EBITDA 362543.54 583393.97 512830.39 389554.41 514448.17 571146.09 1562086.76

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 3.01 1.14 4.08
EBITDA YoY 8.53 1.46 -37.87
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2021-09-30 2021-03-31
Earning YoY -71.15 26.83 57.69
Revenue YoY 3.86 3.32 -2.58 1.13 -26.72 8.81
EBITDA YoY 29.49 -4.83 -30.43 24.55 -32.31 133.63
Net Profit YoY -72.60 25.45 41.77

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.51 0.74 0.76 3.26
Quick Ratio 0.51 0.13 0.18 0.51
Current Ratio 0.85 0.75 0.79 0.74
Debt to Equity 1.15 1.88 1.31 0.74
Long-Term Debt to Equity 0.76 0.93 0.72 0.44
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2021-09-30 2021-03-31
Cash Per Common Share 1.10 1.11 1.52 1.56 2.43 2.27 1.67
Quick Ratio 0.37 0.41 0.45 0.51 0.70 0.38 0.41
Current Ratio 0.53 0.59 0.63 0.85 1.18 0.79 0.81
Debt to Equity 1.38 1.35 1.18 1.15 1.07 0.73 0.69
Long-Term Debt to Equity 0.84 0.83 0.72 0.76 0.76 0.46 0.46

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 4.29 -12.11 -26.47 0.50
ROE 9.24 -34.92 -61.13 0.88
Gross Margin 37.56 37.19 35.61 35.86
Operating Margin 16.27 13.99 12.30 9.99
EBITDA Margin 33.43 31.73 31.63 52.98
Net Profit Margin 14.32 -67.69 -172.35 4.47
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2021-09-30 2021-03-31
ROA 0.80 -1.41 0.23 0.83 0.65 0.19 -0.45
ROE 1.90 -3.32 0.51 1.79 1.35 0.33 -0.77
Gross Margin 37.84 36.39 34.72 37.55 38.02 37.90 34.28
Operating Margin 17.11 9.52 12.24 25.20 17.59 7.07 -12.22
EBITDA Margin 34.74 27.87 30.25 42.36 34.40 37.24 17.34
Net Profit Margin 9.72 -17.97 3.04 10.81 8.72 4.51 -11.57

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 55.17 -18.50 -6.79 230.46
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2021-09-30 2021-03-31
Dividend Yield 0.00 0.00 0.00 0.00 0.00
Dividend Payout Ratio 78.79 -45.11 285.71 68.33 88.84

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 33,784,000.00 54,973,000.00 63,278,000.00 82,931,000.00
   Current Assets 5,186,000.00 13,656,000.00 12,818,000.00 10,708,000.00
      Cash and Short-Term Investments 834,000.00 440,000.00 456,000.00 2,010,000.00
            Cash and Cash Equivalents 834,000.00 440,000.00 456,000.00 2,010,000.00
            Short-Term Investments 0 0 0 0
      Net Receivables 2,246,000.00 2,001,000.00 2,424,000.00 5,344,000.00
      Inventory 0 0 0 0
      Other Current Assets 2,106,000.00 11,215,000.00 9,938,000.00 3,354,000.00
   Non-Current Assets 28,598,000.00 41,317,000.00 50,460,000.00 72,223,000.00
      Property, Plant, Equipment Net 876,000.00 909,000.00 960,000.00 1,411,000.00
      Goodwill 17,260,000.00 16,971,000.00 16,816,000.00 53,330,000.00
      Intangible Assets 3,844,000.00 3,938,000.00 4,523,000.00 14,838,000.00
      Long-Term Investments 4,049,000.00 195,000.00 281,000.00 358,000.00
      Non-Current Deferred Assets 1,241,000.00 1,076,000.00 973,000.00 969,000.00
      Other Non-Current Assets 1,328,000.00 18,228,000.00 26,907,000.00 1,317,000.00
Liabilities 18,084,000.00 35,917,000.00 35,872,000.00 35,399,000.00
   Current Liabilities 6,094,000.00 18,229,000.00 16,224,000.00 14,466,000.00
      Payables and Expenses 2,420,000.00 2,323,000.00 2,097,000.00 8,013,000.00
            Account Payables 214,000.00 110,000.00 623,000.00 1,829,000.00
            Current Accrued Liabilities 1,202,000.00 1,346,000.00 474,000.00 456,000.00
      Short-Term Debt 1,678,000.00 6,193,000.00 5,984,000.00 5,674,000.00
      Other Current Liabilities 1,996,000.00 9,713,000.00 8,143,000.00 779,000.00
   Non-Current Liabilities 11,990,000.00 17,688,000.00 19,648,000.00 20,933,000.00
      Long-Term Debt 9,863,000.00 13,148,000.00 14,425,000.00 15,203,000.00
      Other Non-Current Liabilities 2,127,000.00 4,540,000.00 5,223,000.00 5,730,000.00
Equity 15,700,000.00 19,056,000.00 27,406,000.00 47,532,000.00
   Shareholders Equity 15,698,000.00 19,050,000.00 27,218,000.00 47,347,000.00
      Capital Stock 6,000.00 6,000.00 6,000.00 6,000.00
      Share Premium 47,129,000.00 46,933,000.00 46,735,000.00 46,466,000.00
      Retained Earnings -22,257,000.00 -22,905,000.00 -14,971,000.00 2,889,000.00
      Treasury Shares 8,816,000.00 4,724,000.00 4,192,000.00 2,266,000.00
      Accumulated Other Comprehensive Income -364,000.00 -260,000.00 -360,000.00 252,000.00
   Minority Interest 2,000.00 6,000.00 188,000.00 185,000.00
Debt 11,541,000.00 19,341,000.00 20,409,000.00 20,877,000.00
Net Debt 10,456,000.00 18,638,000.00 19,635,000.00 18,343,000.00
Common Shares Outstanding 531,000.00 583,000.00 591,000.00 609,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 10,127,000.00 9,831,000.00 9,720,000.00 9,339,000.00
Cost Of Revenue 6,323,000.00 6,175,000.00 6,259,000.00 5,990,000.00
Interest Income 101,000.00 92,000.00 17,000.00 2,000.00
Interest Expense 351,000.00 713,000.00 298,000.00 214,000.00
Non-Interest Expense 2,185,000.00 2,096,000.00 2,182,000.00 2,115,000.00
Gross Profit 3,804,000.00 3,656,000.00 3,461,000.00 3,349,000.00
Operating Expenses 2,043,000.00 2,096,000.00 2,182,000.00 2,115,000.00
   Selling, General and Administrative Expenses 2,185,000.00 2,096,000.00 2,182,000.00 2,115,000.00
   Other Operating Expenses -142,000.00 0 0 0
Operating Income 1,761,000.00 1,560,000.00 1,279,000.00 1,234,000.00
Net Non-Operating Income -162,000.00 -164,000.00 3,000.00 -109,000.00
EBT 1,297,000.00 662,000.00 898,000.00 719,000.00
Income Tax 362,000.00 157,000.00 314,000.00 403,000.00
Net Income Including Non-Controlling Interests 1,453,000.00 -6,648,000.00 -16,740,000.00 424,000.00
Net Income Non-Controlling Interests -3,000.00 -7,000.00 -12,000.00 -7,000.00
Net Income 1,450,000.00 -6,655,000.00 -16,752,000.00 417,000.00
EBIT 1,648,000.00 1,375,000.00 1,196,000.00 933,000.00
Deprecation and Amortization 1,737,000.00 1,744,000.00 1,878,000.00 4,015,000.00
EBITDA 3,385,000.00 3,119,000.00 3,074,000.00 4,948,000.00
EPS 0.00 -0.01 -0.03 0.00
Diluted EPS 0.00 -0.01 -0.03 0.00
Average Shares Outstanding Basic 553,000.00 591,000.00 604,000.00 616,000.00
Average Shares Outstanding Diluted 555,000.00 591,000.00 604,000.00 621,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 2,175,000.00 2,078,000.00 1,622,000.00 4,810,000.00
   Operating Net Income 790,000.00 505,000.00 584,000.00 424,000.00
   Deprecation and Amortization 1,737,000.00 1,744,000.00 1,878,000.00 4,015,000.00
   Deferred Income Tax -204,000.00 -415,000.00 -388,000.00 -81,000.00
   Share Based Compensation 186,000.00 120,000.00 189,000.00 383,000.00
   Change in Working Capital -787,000.00 -115,000.00 -726,000.00 -464,000.00
   Other Operating Activities 453,000.00 239,000.00 85,000.00 533,000.00
Investing Cash Flow 8,178,000.00 -1,009,000.00 -226,000.00 -1,771,000.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -97,000.00 -115,000.00 -227,000.00 -320,000.00
   Net Purchase/Sale of Investments Net -8,000.00 -20,000.00 726,000.00 -24,000.00
   Net Purchase/Sale of Business 9,169,000.00 -157,000.00 50,000.00 -397,000.00
   Other Investing Activities -886,000.00 -717,000.00 -775,000.00 -1,030,000.00
Financing Cash Flow -12,550,000.00 -3,252,000.00 -2,073,000.00 -2,538,000.00
   Net Issuance/Repayment of Debt -7,745,000.00 -1,357,000.00 989,000.00 633,000.00
   Net Issuance/Repurchase of Equity -4,045,000.00 -522,000.00 -1,938,000.00 -2,114,000.00
   Dividends Paid -800,000.00 -1,231,000.00 -1,138,000.00 -961,000.00
   Other Financing Activities 40,000.00 -142,000.00 14,000.00 -96,000.00
Net Change in Cash -2,405,000.00 -509,000.00 993,000.00 501,000.00
   Cash at Beginning of Period 4,414,000.00 4,813,000.00 4,283,000.00 4,030,000.00
   Cash at End of Period 1,946,000.00 4,414,000.00 4,813,000.00 4,283,000.00
Free Cash Flow 1,358,000.00 1,298,000.00 626,000.00 3,559,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2021-09-30 2021-03-31
Assets 33,042,000.00 33,373,000.00 32,841,000.00 33,784,000.00 34,347,000.00 81,690,000.00 82,317,000.00
   Current Assets 3,972,000.00 4,370,000.00 4,410,000.00 5,186,000.00 6,070,000.00 10,011,000.00 9,105,000.00
      Cash and Short-Term Investments 571,000.00 581,000.00 805,000.00 834,000.00 1,323,000.00 1,390,000.00 1,039,000.00
            Cash and Cash Equivalents 571,000.00 581,000.00 805,000.00 834,000.00 1,323,000.00 1,390,000.00 1,039,000.00
            Short-Term Investments 0 0 0 0 0 0 0
      Net Receivables 2,218,000.00 2,447,000.00 2,315,000.00 2,246,000.00 2,251,000.00 3,468,000.00 3,508,000.00
      Inventory 0 0 0 0 0 0 0
      Other Current Assets 1,183,000.00 1,342,000.00 1,290,000.00 2,106,000.00 2,496,000.00 5,153,000.00 4,558,000.00
   Non-Current Assets 29,070,000.00 29,003,000.00 28,431,000.00 28,598,000.00 28,277,000.00 71,679,000.00 73,212,000.00
      Property, Plant, Equipment Net 709,000.00 692,000.00 689,000.00 876,000.00 620,000.00 846,000.00 863,000.00
      Goodwill 17,823,000.00 17,577,000.00 17,328,000.00 17,260,000.00 17,050,000.00 52,796,000.00 53,069,000.00
      Intangible Assets 3,815,000.00 3,811,000.00 3,771,000.00 3,844,000.00 3,629,000.00 12,040,000.00 13,315,000.00
      Long-Term Investments 3,759,000.00 3,873,000.00 3,795,000.00 4,049,000.00 4,133,000.00 0 0
      Non-Current Deferred Assets 1,274,000.00 1,245,000.00 1,229,000.00 1,241,000.00 1,184,000.00 0 0
      Other Non-Current Assets 1,690,000.00 1,805,000.00 1,619,000.00 1,328,000.00 1,661,000.00 5,997,000.00 5,965,000.00
Liabilities 19,180,000.00 19,201,000.00 17,773,000.00 18,084,000.00 17,776,000.00 34,397,000.00 33,668,000.00
   Current Liabilities 7,472,000.00 7,448,000.00 6,954,000.00 6,094,000.00 5,142,000.00 12,627,000.00 11,208,000.00
      Payables and Expenses 2,154,000.00 2,218,000.00 2,561,000.00 2,420,000.00 2,530,000.00 2,470,000.00 2,370,000.00
            Account Payables 257,000.00 270,000.00 176,000.00 214,000.00 220,000.00 0 0
            Current Accrued Liabilities 1,125,000.00 924,000.00 1,007,000.00 1,202,000.00 1,049,000.00 5,342,000.00 4,735,000.00
      Short-Term Debt 4,168,000.00 4,104,000.00 3,429,000.00 1,678,000.00 510,000.00 3,947,000.00 3,139,000.00
      Other Current Liabilities 1,150,000.00 1,126,000.00 964,000.00 1,996,000.00 2,102,000.00 6,210,000.00 5,699,000.00
   Non-Current Liabilities 11,708,000.00 11,753,000.00 10,819,000.00 11,990,000.00 12,634,000.00 21,770,000.00 22,460,000.00
      Long-Term Debt 8,900,000.00 8,868,000.00 8,658,000.00 9,863,000.00 10,491,000.00 15,833,000.00 16,300,000.00
      Other Non-Current Liabilities 2,808,000.00 2,885,000.00 2,161,000.00 2,127,000.00 2,143,000.00 5,937,000.00 6,160,000.00
Equity 13,862,000.00 14,172,000.00 15,068,000.00 15,700,000.00 16,571,000.00 47,293,000.00 48,649,000.00
   Shareholders Equity 13,859,000.00 14,168,000.00 15,064,000.00 15,698,000.00 16,569,000.00 47,105,000.00 48,460,000.00
      Capital Stock 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
      Share Premium 47,272,000.00 47,229,000.00 47,174,000.00 47,129,000.00 47,080,000.00 46,366,000.00 46,152,000.00
      Retained Earnings -23,022,000.00 -23,075,000.00 -22,392,000.00 -22,257,000.00 -22,343,000.00 2,840,000.00 2,823,000.00
      Treasury Shares 9,905,000.00 9,593,000.00 9,343,000.00 8,816,000.00 7,787,000.00 -2,263,000.00 -645,000.00
      Accumulated Other Comprehensive Income -492,000.00 -399,000.00 -381,000.00 -364,000.00 -387,000.00 156,000.00 124,000.00
   Minority Interest 3,000.00 4,000.00 4,000.00 2,000.00 2,000.00 12,000.00 14,000.00
Debt 13,068,000.00 12,972,000.00 12,087,000.00 11,541,000.00 11,001,000.00 19,780,000.00 19,439,000.00
Net Debt 12,430,000.00 12,324,000.00 11,215,000.00 10,456,000.00 9,597,000.00 18,390,000.00 18,400,000.00
Common Shares Outstanding 519,000.00 522,395.05 526,000.00 531,000.00 543,000.00 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2021-09-30 2021-03-31
Revenues 2,717,000.00 2,616,000.00 2,532,000.00 2,599,000.00 2,570,000.00 3,507,000.00 3,223,000.00
Cost Of Revenue 1,689,000.00 1,664,000.00 1,653,000.00 1,623,000.00 1,593,000.00 2,178,000.00 2,118,000.00
Interest Expense 90,000.00 110,000.00 80,000.00 167,000.00 64,000.00 46,000.00 74,000.00
Net Interest 0 0 0 0 0 -46,000.00 -74,000.00
Non-Interest Expense 584,000.00 572,000.00 558,000.00 482,000.00 521,000.00 0 0
Gross Profit 1,028,000.00 952,000.00 879,000.00 976,000.00 977,000.00 1,329,000.00 1,105,000.00
Operating Expenses 569,000.00 544,000.00 530,000.00 450,000.00 485,000.00 1,191,000.00 1,006,000.00
   Selling, General and Administrative Expenses 584,000.00 572,000.00 558,000.00 482,000.00 521,000.00 989,000.00 1,006,000.00
   Other Operating Expenses -15,000.00 -28,000.00 -28,000.00 -32,000.00 -36,000.00 202,000.00 0.00
Operating Income 459,000.00 408,000.00 349,000.00 526,000.00 492,000.00 138,000.00 99,000.00
Net Non-Operating Income 8,000.00 -159,000.00 -37,000.00 60,000.00 -38,000.00 64,000.00 -567,000.00
EBT 375,000.00 139,000.00 230,000.00 488,000.00 388,000.00 202,000.00 -468,000.00
Income Tax 87,000.00 10,000.00 81,000.00 147,000.00 108,000.00 41,000.00 97,000.00
Equity Method Investments Income 0 0 0 0 0 0 1,000.00
Net Income Including Non-Controlling Interests 265,000.00 -469,000.00 78,000.00 282,000.00 225,000.00 161,000.00 -370,000.00
Net Income Non-Controlling Interests -1,000.00 -1,000.00 -1,000.00 -1,000.00 -1,000.00 -3,000.00 -3,000.00
Net Income 264,000.00 -470,000.00 77,000.00 281,000.00 224,000.00 158,000.00 -373,000.00
EBIT 465,000.00 249,000.00 310,000.00 655,000.00 452,000.00 248,000.00 -394,000.00
Deprecation and Amortization 479,000.00 480,000.00 456,000.00 446,000.00 432,000.00 1,058,000.00 953,000.00
EBITDA 944,000.00 729,000.00 766,000.00 1,101,000.00 884,000.00 1,306,000.00 559,000.00
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 521,000.00 525,000.00 528,000.00 536,000.00 545,000.00 613,000.00 621,000.00
Average Shares Outstanding Diluted 523,000.00 525,000.00 531,000.00 540,000.00 548,000.00 619,000.00 621,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2021-09-30 2021-03-31
Operating Cash Flow 803,000.00 590,000.00 457,000.00 782,000.00 986,000.00 0 836,000.00
   Operating Net Income 266,000.00 -470,000.00 78,000.00 306,000.00 247,000.00 161,000.00 -370,000.00
   Deprecation and Amortization 479,000.00 480,000.00 456,000.00 446,000.00 432,000.00 1,058,000.00 953,000.00
   Deferred Income Tax -29,000.00 -33,000.00 -9,000.00 -4,000.00 -82,000.00 0 -22,000.00
   Share Based Compensation 40,000.00 49,000.00 47,000.00 44,000.00 55,000.00 0 157,000.00
   Change in Working Capital 229,000.00 -336,000.00 -223,000.00 -66,000.00 -97,000.00 0 -538,000.00
   Other Operating Activities -182,000.00 900,000.00 108,000.00 56,000.00 431,000.00 0 656,000.00
Investing Cash Flow -576,000.00 -450,000.00 -1,676,000.00 -665,000.00 -286,000.00 0 -321,000.00
   Capital Expenditure 0 0 0 0 0 0.00 -298,000.00
   Net Purchase/Sale of PPE -59,000.00 -39,000.00 -37,000.00 -18,000.00 -36,000.00 265,000.00 -298,000.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 -23,000.00
   Net Purchase/Sale of Business -377,000.00 -196,000.00 -1,418,000.00 -439,000.00 5,000.00 0 0
   Other Investing Activities -140,000.00 -215,000.00 -221,000.00 -208,000.00 -255,000.00 0 298,000.00
Financing Cash Flow -436,000.00 -85,000.00 -265,000.00 -544,000.00 -1,096,000.00 0 -1,381,000.00
   Net Issuance/Repayment of Debt 79,000.00 466,000.00 459,000.00 662,000.00 -452,000.00 0 -506,000.00
   Net Issuance/Repurchase of Equity -308,000.00 -287,000.00 -537,000.00 -1,013,000.00 -510,000.00 0 567,000.00
   Dividends Paid -208,000.00 -212,000.00 -220,000.00 -192,000.00 -199,000.00 0 244,000.00
   Other Financing Activities 1,000.00 -52,000.00 33,000.00 -1,000.00 65,000.00 0 -1,686,000.00
Net Change in Cash -1,000.00 -248,000.00 -1,181,000.00 -526,000.00 -505,000.00 0 -906,000.00
   Cash at Beginning of Period 581,000.00 805,000.00 1,946,000.00 2,525,000.00 2,995,000.00 0 4,030,000.00
   Cash at End of Period 571,000.00 581,000.00 805,000.00 1,946,000.00 2,525,000.00 4,036,000.00 3,124,000.00
Free Cash Flow 589,000.00 372,000.00 224,000.00 594,000.00 742,000.00 0 538,000.00