Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 14.51 8.19 14.29
Price to Sales 2.32 2.63
Book Value Per Common Share 37.58 35.14 31.08 21.04
Price to Book 1.07 0.97 1.17
Price to Operating Cash Flow 10.87 6.77 8.74
Price to Free Cash Flow 11.48 7.01 8.95
Enterprise Value to EBITDA 18621.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
Price to Earnings 46.73 36.58 42.53 52.59 77.72
Price to Sales 10.05 9.15 11.97
Book Value Per Common Share 40.48 39.35 38.49 37.58 37.38 35.15
Price to Book 0.96 0.88 0.94 1.07 1.14 1.02
Price to Operating Cash Flow 21.84 64.33 38.03 24.44 35.66
Price to Free Cash Flow 22.65 74.17 41.17 24.99 37.04
Enterprise Value to EBITDA 145125.07 171702.12

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -33.49 62.75 46.97
Revenue YoY 13.08 18.12
EBITDA YoY
Net Profit YoY -26.95 74.94 37.11
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
Earning YoY -12.63 11.76 849900.00 -10.00
Revenue YoY 1.62
EBITDA YoY -87.17
Net Profit YoY -12.17 11.95 -42.39

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 22.45
Quick Ratio
Current Ratio
Debt to Equity 6.78 7.98 8.59 9.81
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
Cash Per Common Share 22.41 22.23 14.20
Quick Ratio
Current Ratio
Debt to Equity 6.53 6.70 6.69 6.78 6.87 7.07
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 0.93 1.31 0.80 0.76
ROE 7.26 11.80 7.64 8.24
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 28.37 18.34 15.80
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
ROA 0.27 0.31 0.29 0.28 0.16
ROE 2.06 2.41 2.21 2.17 1.27
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 21.60 24.99 22.83

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
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 8,097,387.00 7,879,724.00 7,430,322.00 5,666,814.00
   Deposits 6,672,260.00 0 0 0
      Cash and Short-Term Investments 615,917.00 0 0 0
            Cash and Cash Equivalents 615,917.00 479,362.00 343,526.00 668,462.00
            Short-Term Investments 0 516,757.00 536,973.00 572,501.00
      Net Receivables 93,927.00 40,739.00 29,644.00 15,374.00
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 104,959.00 109,069.00 116,518.00 53,147.00
      Goodwill 93,483.00 93,483.00 93,483.00 33,050.00
      Intangible Assets 7,434.00 87,848.00 90,139.00 56,905.00
      Long-Term Investments 0 558,110.00 578,231.00 592,036.00
      Non-Current Deferred Assets 41,195.00 0 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 7,056,021.00 7,002,527.00 6,655,786.00 5,142,776.00
      Payables and Expenses 0 29,767.00 22,568.00 16,666.00
            Account Payables 0 13,580.00 5,798.00 2,369.00
            Current Accrued Liabilities 0 14,927.00 15,884.00 13,678.00
      Short-Term Debt 0 389,468.00 643,885.00 0
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 0 101,744.00 111,502.00 69,916.00
      Other Non-Current Liabilities 0 0 0 0
Equity 1,041,366.00 877,197.00 774,536.00 524,038.00
   Shareholders Equity 1,041,366.00 877,197.00 774,536.00 524,038.00
      Capital Stock 3.00 2.00 2.00 2.00
      Share Premium 547,325.00 462,680.00 460,720.00 261,905.00
      Retained Earnings 533,150.00 457,522.00 357,797.00 298,615.00
      Treasury Shares 0 0 0 38,148.00
      Accumulated Other Comprehensive Income -39,112.00 -43,007.00 -43,983.00 1,664.00
   Minority Interest 0 0 0 0
Investments 259,492.00 0 0 0
Debt 75,841.00 491,212.00 755,387.00 69,916.00
Net Debt 0 0 380,594.00 0
Common Shares Outstanding 27,709.68 24,960.64 24,920.98 24,906.03
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 0 364,955.00 322,733.00 273,234.00
Cost Of Revenue 55,100.00 0 0 0
Interest Income 938,948.00 413,684.00 266,817.00 169,354.00
Interest Expense 325,260.00 120,253.00 25,185.00 14,121.00
Net Interest 296,910.00 0 0 0
Non-Interest Income 89,792.00 0 0 0
Non-Interest Expense -540,951.00 210,403.00 207,695.00 213,890.00
Provisions for Credit Losses -55,100.00 0 0 0
   Selling, General and Administrative Expenses 72,804.00 142,463.00 142,001.00 158,587.00
EBT 262,717.00 131,483.00 74,022.00 51,842.00
Income Tax 16,349.00 27,950.00 14,840.00 8,678.00
Net Income Including Non-Controlling Interests 0 103,533.00 59,182.00 43,164.00
Net Income 75,628.00 103,533.00 59,182.00 43,164.00
EBIT 587,977.00 0 0 0
Deprecation and Amortization 7,972.00 12,242.00 12,168.00 8,598.00
EBITDA 595,949.00 0 0 0
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 27,433.87 24,938.36 23,245.60 24,877.72
Average Shares Outstanding Diluted 28,067.27 25,387.20 23,838.47 24,877.72
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 101,120.00 125,176.00 96,915.00 113,109.00
   Operating Net Income 75,628.00 103,533.00 59,182.00 43,164.00
   Deprecation and Amortization 7,972.00 12,242.00 12,168.00 8,598.00
   Deferred Income Tax 3,347.00 3,012.00 9,203.00 3,145.00
   Share Based Compensation 2,375.00 2,127.00 1,448.00 2,998.00
   Change in Working Capital -15,964.00 -7,707.00 -26,816.00 -21,983.00
   Other Operating Activities 27,762.00 11,969.00 41,730.00 77,187.00
Investing Cash Flow -80,871.00 -327,279.00 -538,120.00 -293,924.00
   Capital Expenditure -5,412.00 0 0 0
   Net Purchase/Sale of PPE -5,412.00 -4,268.00 -2,194.00 -3,450.00
   Net Purchase/Sale of Investments Net 53,281.00 20,112.00 106,901.00 -103,169.00
   Net Purchase/Sale of Business 0 0 444,542.00 0
   Other Investing Activities -123,328.00 -343,123.00 -1,087,369.00 -187,305.00
Financing Cash Flow 116,306.00 337,939.00 116,269.00 647,299.00
   Net Issuance/Repayment of Debt -264,462.00 -259,873.00 453,134.00 -30,411.00
   Net Issuance/Repurchase of Equity 82,271.00 -167.00 -579.00 -456.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 298,497.00 597,979.00 -336,286.00 678,166.00
Net Change in Cash 136,555.00 135,836.00 -324,936.00 466,484.00
   Cash at Beginning of Period 479,362.00 343,526.00 668,462.00 201,978.00
   Cash at End of Period 615,917.00 479,362.00 343,526.00 668,462.00
Free Cash Flow 95,708.00 120,908.00 94,719.00 109,654.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
Assets 8,495,437.00 8,435,861.00 8,216,458.00 8,097,387.00 8,138,487.00 7,781,601.00
   Deposits 0 0 6,874,239.00 6,672,260.00 0 6,445,388.00
      Cash and Short-Term Investments 0 0 621,377.00 615,917.00 0 383,605.00
            Cash and Cash Equivalents 659,899.00 785,115.00 621,377.00 615,917.00 573,674.00 383,605.00
            Short-Term Investments 303.00 338.00 0 0 496,811.00 0
      Net Receivables 34,796.00 33,904.00 99,271.00 93,927.00 35,711.00 92,681.00
      Inventory 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0
      Property, Plant, Equipment Net 81,886.00 82,248.00 105,624.00 104,959.00 82,532.00 108,692.00
      Goodwill 93,483.00 93,483.00 93,483.00 93,483.00 93,483.00 93,483.00
      Intangible Assets 91,345.00 90,964.00 6,806.00 7,434.00 87,665.00 10,168.00
      Long-Term Investments 510,361.00 508,049.00 0 0 532,696.00 0
      Non-Current Deferred Assets 0 0 40,158.00 41,195.00 0 47,792.00
      Other Non-Current Assets 0 0 0 0 0 0
Liabilities 7,367,924.00 7,340,459.00 7,148,163.00 7,056,021.00 7,104,402.00 6,816,939.00
      Payables and Expenses 8,061.00 7,247.00 0 0 9,018.00 0
            Account Payables 8,061.00 7,247.00 0 0 9,018.00 0
            Current Accrued Liabilities 0 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0
      Long-Term Debt 76,163.00 76,066.00 0 0 75,709.00 0
      Other Non-Current Liabilities 0 0 0 0 0 0
Equity 1,127,513.00 1,095,402.00 1,068,295.00 1,041,366.00 1,034,085.00 964,662.00
   Shareholders Equity 1,127,513.00 1,095,402.00 1,068,295.00 1,041,366.00 1,034,085.00 964,662.00
      Capital Stock 3.00 3.00 3.00 3.00 3.00 3.00
      Share Premium 548,952.00 547,950.00 547,484.00 547,325.00 547,271.00 542,582.00
      Retained Earnings 606,279.00 583,105.00 556,719.00 533,150.00 516,800.00 469,818.00
      Treasury Shares 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -27,721.00 -35,656.00 -35,911.00 -39,112.00 -29,989.00 -47,741.00
   Minority Interest 0 0 0 0 0 0
Investments 0 0 270,672.00 259,492.00 0 288,353.00
Debt 76,163.00 76,066.00 75,969.00 75,841.00 75,709.00 75,445.00
Common Shares Outstanding 27,854.76 27,834.53 27,753.92 27,709.68 27,665.92 27,442.94
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Revenues 107,286.00 105,572.00 0 0 98,233.00 0 0
Cost Of Revenue 0 0 3,800.00 38,600.00 0 0 16,500.00
Interest Income 121,128.00 116,921.00 115,844.00 706,691.00 118,932.00 0 113,325.00
Interest Expense 40,175.00 38,422.00 35,969.00 243,252.00 42,774.00 0 39,234.00
Net Interest 0 0 74,478.00 226,104.00 0 0 70,806.00
Non-Interest Income 0 0 21,729.00 66,984.00 0 0 22,808.00
Non-Interest Expense 68,323.00 67,532.00 -62,722.00 -541,503.00 62,380.00 0 -61,828.00
Provisions for Credit Losses 0 0 -3,800.00 -38,600.00 0 0 -16,500.00
   Selling, General and Administrative Expenses 44,822.00 43,921.00 9,536.00 24,903.00 39,306.00 0 8,595.00
EBT 28,285.00 32,962.00 29,685.00 218,862.00 28,569.00 0 15,286.00
Income Tax 5,111.00 6,576.00 6,116.00 7,212.00 6,147.00 0 2,990.00
Net Income Including Non-Controlling Interests 23,174.00 26,386.00 0 0 22,422.00 0 0
Net Income 23,174.00 26,386.00 23,569.00 40,910.00 22,422.00 0 12,296.00
EBIT 0 0 65,654.00 533,457.00 0 0 54,520.00
Deprecation and Amortization 2,645.00 2,646.00 3,476.00 2,864.00 2,491.00 0 2,617.00
EBITDA 0 0 69,130.00 538,812.00 0 0 57,137.00
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 27,801.26 27,783.71 27,721.76 27,672.54 27,612.54 27,430.76 27,019.62
Average Shares Outstanding Diluted 28,291.78 28,232.32 28,293.91 28,395.39 28,212.81 28,031.96 27,628.94
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31
Operating Cash Flow 49,372.00 15,008.00 26,353.00 48,136.00 27,091.00
   Operating Net Income 23,174.00 26,386.00 23,569.00 22,422.00 12,296.00
   Deprecation and Amortization 2,645.00 2,646.00 3,476.00 2,491.00 2,617.00
   Deferred Income Tax 1,941.00 0 0 29.00 0
   Share Based Compensation 1,243.00 1,056.00 636.00 549.00 492.00
   Change in Working Capital 4,539.00 2,986.00 1,552.00 22,085.00 -538.00
   Other Operating Activities 15,830.00 0 -2,880.00 560.00 12,224.00
Investing Cash Flow -178,258.00 -44,280.00 -116,239.00 -104,528.00 -24,766.00
   Capital Expenditure 0 0 -2,010.00 0 -1,012.00
   Net Purchase/Sale of PPE -1,752.00 -1,991.00 -2,010.00 -1,067.00 -1,012.00
   Net Purchase/Sale of Investments Net 8,887.00 2,565.00 -4,084.00 5,607.00 18,155.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -185,393.00 -44,854.00 -108,135.00 -109,068.00 -40,897.00
Financing Cash Flow 3,670.00 193,010.00 95,346.00 94,300.00 -98,082.00
   Net Issuance/Repayment of Debt 0 -35,000.00 -106,184.00 70,000.00 -248,928.00
   Net Issuance/Repurchase of Equity -241.00 -590.00 -477.00 3,383.00 79,411.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 3,911.00 228,600.00 202,007.00 20,917.00 71,435.00
Net Change in Cash -125,216.00 163,738.00 5,460.00 37,908.00 -95,757.00
   Cash at Beginning of Period 785,115.00 621,377.00 615,917.00 535,766.00 479,362.00
   Cash at End of Period 659,899.00 785,115.00 621,377.00 573,674.00 383,605.00
Free Cash Flow 47,620.00 13,017.00 24,343.00 47,069.00 26,079.00