Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -0.51 -4.22 2.37 -4.57
Price to Sales
Book Value Per Common Share 0.52 1.25 1.40 1.25
Price to Book 0.72 0.40 0.31 0.51
Price to Operating Cash Flow -6.83 -5.59 -4.25 -4.44
Price to Free Cash Flow -4.95 -5.59 -3.89 -4.42
Enterprise Value to EBITDA 23637.13
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -21.77 -49.00 -19.75 -21.76
Price to Sales
Book Value Per Common Share 0.47 0.50 0.50 0.52 1.17
Price to Book 1.39 0.99 0.80 0.72 0.37
Price to Operating Cash Flow -19.73 -17.44 -23.65 -35.93 -19.69
Price to Free Cash Flow -19.73 -14.54 -23.10 -35.93 -19.51
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY
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
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.06 0.06 0.08 0.03
Quick Ratio 5.04 5.11 8.61 0.82
Current Ratio 5.32 5.45 9.07 0.92
Debt to Equity 0.09 0.03 0.03 0.06
Long-Term Debt to Equity 0.06 0.03 0.02 0.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.06 0.08 0.04 0.06 0.05
Quick Ratio 8.39 7.41 3.55 5.04 4.13
Current Ratio 8.88 7.69 3.83 5.32 4.43
Debt to Equity 0.07 0.08 0.09 0.09 0.04
Long-Term Debt to Equity 0.06 0.05 0.06 0.06 0.03

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -127.05 -9.10 12.42 -10.05
ROE -138.28 -9.41 12.79 -10.67
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -5.42 -2.18 -3.66 -116.62 -1.45
ROE -5.83 -2.34 -3.97 -126.92 -1.51
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

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 85,112.00 189,175.00 200,599.00 167,018.00
   Current Assets 9,909.00 9,445.00 11,862.00 4,688.00
      Cash and Short-Term Investments 9,333.00 8,479.00 10,891.00 3,864.00
            Cash and Cash Equivalents 4,912.00 7,313.00 10,309.00 3,259.00
            Short-Term Investments 4,421.00 1,166.00 582.00 605.00
      Net Receivables 54.00 374.00 369.00 322.00
      Inventory 0 0 0 0
      Other Current Assets 522.00 592.00 602.00 502.00
   Non-Current Assets 75,203.00 179,730.00 188,737.00 162,330.00
      Property, Plant, Equipment Net 45,526.00 143,227.00 146,121.00 161,884.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 29,456.00 36,248.00 42,430.00 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 221.00 255.00 186.00 446.00
Liabilities 6,909.00 6,301.00 5,806.00 9,663.00
   Current Liabilities 1,864.00 1,732.00 1,308.00 5,116.00
      Payables and Expenses 855.00 1,034.00 1,148.00 1,888.00
            Account Payables 0 0 0 0
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 65.00 154.00 160.00 104.00
      Other Current Liabilities 944.00 544.00 0.00 3,124.00
   Non-Current Liabilities 5,045.00 4,569.00 4,498.00 4,547.00
      Long-Term Debt 0 74.00 227.00 357.00
      Other Non-Current Liabilities 0 4,495.00 4,271.00 4,190.00
Equity 78,203.00 182,874.00 194,793.00 157,355.00
   Shareholders Equity 78,203.00 182,874.00 194,793.00 157,355.00
      Capital Stock 312,723.00 310,277.00 306,328.00 295,464.00
      Share Premium 0 0 0 0
      Retained Earnings -257,192.00 -149,054.00 -131,841.00 -156,749.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -12.00 -9.00 -3.00 0
   Minority Interest 0 0 0 0
Debt 65.00 228.00 387.00 461.00
Common Shares Outstanding 151,556.27 145,744.80 139,470.95 125,720.95
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Interest Income 300.00 590.00 228.00 36.00
Interest Expense 33.00 61.00 115.00 98.00
Non-Interest Expense 4,651.00 5,260.00 5,938.00 8,013.00
Operating Expenses 10,523.00 14,994.00 15,467.00 23,808.00
   Selling, General and Administrative Expenses 4,651.00 5,260.00 5,938.00 8,013.00
   Other Operating Expenses 5,872.00 9,734.00 9,529.00 15,795.00
Operating Income -10,523.00 -14,994.00 -15,467.00 -23,808.00
Net Non-Operating Income 2,187.00 3,345.00 3,215.00 4,481.00
EBT -108,331.00 -17,502.00 24,721.00 -20,625.00
Income Tax -193.00 -289.00 -187.00 -3,835.00
Net Income Including Non-Controlling Interests -108,138.00 -17,213.00 24,908.00 -16,790.00
Net Income -108,138.00 -17,213.00 24,908.00 -16,790.00
EBIT -108,298.00 -17,441.00 24,836.00 -20,527.00
Deprecation and Amortization 297.00 343.00 341.00 371.00
EBITDA -108,001.00 -17,098.00 25,177.00 -20,156.00
EPS -0.00 -0.00 0.00 -0.00
Diluted EPS -0.00 -0.00 0.00 -0.00
Average Shares Outstanding Basic 149,019.02 144,184.48 139,470.95 119,701.04
Average Shares Outstanding Diluted 149,019.02 144,184.48 139,481.24 119,701.04
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -8,073.00 -13,060.00 -14,012.00 -17,273.00
   Operating Net Income -108,138.00 -17,213.00 24,908.00 -16,790.00
   Deprecation and Amortization 297.00 343.00 341.00 371.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 859.00 1,351.00 1,669.00 2,046.00
   Change in Working Capital 410.00 -184.00 -903.00 266.00
   Other Operating Activities 98,499.00 2,643.00 -40,027.00 -3,166.00
Investing Cash Flow 1,395.00 2,446.00 10,435.00 -186.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -3,065.00 1,350.00 3,198.00 -87.00
   Net Purchase/Sale of Investments Net -2,882.00 506.00 250.00 1,150.00
   Net Purchase/Sale of Business 7,042.00 0 6,773.00 -1,320.00
   Other Investing Activities 300.00 590.00 214.00 71.00
Financing Cash Flow 4,277.00 7,624.00 10,629.00 5,357.00
   Net Issuance/Repayment of Debt -191.00 -214.00 -235.00 -180.00
   Net Issuance/Repurchase of Equity 4,468.00 7,838.00 10,864.00 5,385.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0 0 152.00
Net Change in Cash -2,401.00 -2,990.00 7,052.00 -12,102.00
   Cash at Beginning of Period 7,313.00 10,309.00 3,259.00 15,361.00
   Cash at End of Period 4,912.00 7,313.00 10,309.00 3,259.00
Free Cash Flow -11,138.00 -13,060.00 -15,293.00 -17,360.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 86,629.00 91,522.00 81,832.00 85,112.00 184,099.00
   Current Assets 11,500.00 13,423.00 7,520.00 9,909.00 8,373.00
      Cash and Short-Term Investments 10,546.00 12,722.00 6,799.00 9,333.00 7,575.00
            Cash and Cash Equivalents 6,127.00 8,566.00 2,316.00 4,912.00 3,336.00
            Short-Term Investments 4,419.00 4,156.00 4,483.00 4,421.00 4,239.00
      Net Receivables 314.00 220.00 170.00 54.00 238.00
      Inventory 0 0 0 0 0
      Other Current Assets 640.00 481.00 551.00 522.00 560.00
   Non-Current Assets 75,129.00 78,099.00 74,312.00 75,203.00 175,726.00
      Property, Plant, Equipment Net 50,398.00 50,423.00 44,906.00 45,526.00 146,141.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 24,514.00 27,421.00 29,003.00 29,456.00 29,341.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 217.00 255.00 403.00 221.00 244.00
Liabilities 5,991.00 6,388.00 6,442.00 6,909.00 6,573.00
   Current Liabilities 1,295.00 1,746.00 1,965.00 1,864.00 1,891.00
      Payables and Expenses 1,042.00 1,299.00 1,774.00 855.00 623.00
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 0 0 20.00 65.00 109.00
      Other Current Liabilities 0 0 171.00 944.00 1,159.00
   Non-Current Liabilities 4,696.00 4,642.00 4,477.00 5,045.00 4,682.00
      Long-Term Debt 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0
Equity 80,638.00 85,134.00 75,390.00 78,203.00 177,526.00
   Shareholders Equity 80,638.00 85,134.00 75,390.00 78,203.00 177,526.00
      Capital Stock 324,223.00 323,382.00 312,723.00 312,723.00 312,814.00
      Share Premium 0 0 0 0 0
      Retained Earnings -266,879.00 -262,180.00 -260,184.00 -257,192.00 -157,932.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -18.00 -16.00 -14.00 -12.00 -11.00
   Minority Interest 0 0 0 0 0
Debt 0 0 20.00 65.00 109.00
Common Shares Outstanding 171,731.05 171,656.05 151,938.30 151,556.27 151,506.07
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Interest Income 53.00 35.00 44.00 60.00 75.00 0
Interest Expense 0 0 2.00 9.00 6.00 0
Non-Interest Expense 1,158.00 1,345.00 1,144.00 1,368.00 910.00 0
Operating Expenses 5,560.00 4,534.00 3,414.00 2,165.00 3,303.00 0
   Selling, General and Administrative Expenses 1,158.00 1,345.00 1,144.00 1,368.00 910.00 0
   Other Operating Expenses 4,402.00 3,189.00 2,270.00 797.00 2,393.00 0
Operating Income -5,560.00 -4,534.00 -3,414.00 -2,165.00 -3,303.00 0
Net Non-Operating Income 320.00 192.00 773.00 214.00 678.00 0
EBT -4,863.00 -1,978.00 -2,991.00 -99,256.00 -2,867.00 0
Income Tax -164.00 18.00 0 1.00 -194.00 0
Net Income Including Non-Controlling Interests -4,699.00 -1,996.00 -2,991.00 -99,257.00 -2,673.00 0
Net Income -4,699.00 -1,996.00 -2,991.00 -99,257.00 -2,673.00 0
EBIT -4,863.00 -1,978.00 -2,989.00 -99,247.00 -2,861.00 0
Deprecation and Amortization 43.00 50.00 59.00 70.00 69.00 0
EBITDA -4,820.00 -1,928.00 -2,930.00 -99,177.00 -2,792.00 0
EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Average Shares Outstanding Basic 166,338.45 160,905.04 151,900.10 0 151,470.61 146,514.84
Average Shares Outstanding Diluted 166,338.45 160,905.04 151,900.10 0 151,470.61 146,514.84
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -5,503.00 -4,517.00 -2,543.00 -1,566.00 -3,348.00
   Operating Net Income -4,699.00 -1,996.00 -2,991.00 -99,257.00 -2,673.00
   Deprecation and Amortization 43.00 50.00 59.00 70.00 69.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 164.00 189.00 182.00 28.00 179.00
   Change in Working Capital -473.00 -339.00 590.00 477.00 -524.00
   Other Operating Activities -538.00 -2,421.00 -383.00 97,116.00 -399.00
Investing Cash Flow 3,024.00 3,365.00 -3.00 3,282.00 -1,786.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE 0 -904.00 -47.00 0 -35.00
   Net Purchase/Sale of Investments Net 57.00 613.00 0 0 -1,826.00
   Net Purchase/Sale of Business 2,914.00 3,625.00 0 3,222.00 0
   Other Investing Activities 53.00 31.00 44.00 60.00 75.00
Financing Cash Flow 41.00 7,405.00 -48.00 -141.00 -52.00
   Net Issuance/Repayment of Debt 0 -14.00 -48.00 -49.00 -48.00
   Net Issuance/Repurchase of Equity 0 7,334.00 0 -92.00 -4.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 41.00 85.00 0 0.00 0.00
Net Change in Cash -2,438.00 6,253.00 -2,594.00 1,574.00 -5,186.00
   Cash at Beginning of Period 8,567.00 2,315.00 4,912.00 3,336.00 8,522.00
   Cash at End of Period 6,127.00 8,566.00 2,316.00 4,912.00 3,336.00
Free Cash Flow -5,503.00 -5,421.00 -2,590.00 -1,566.00 -3,383.00