Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 23.01 14.12 6.37 12.30 9.29
Price to Sales 11.29 13.31 10.64 14.15 10.94
Book Value Per Common Share 18.56 18.56 17.30 18.79 17.47
Price to Book 1.24 1.17 0.99 1.22 0.97
Price to Operating Cash Flow -7.21 8.31 4.00 16.22 5.46
Price to Free Cash Flow -6.28 9.38 4.19 18.15 5.81
Enterprise Value to EBITDA 57970.93 50165.79 42177.68 88145.53 52122.83
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 2021-03-31 2020-12-31
Price to Earnings 36.58 34.77 124.72 48.61 31.88 25.92 35.00 34.82
Price to Sales 9.31 7.99 61.56 7.56 40.14 41.02 52.64 42.95
Book Value Per Common Share 20.11 19.30 18.77 18.56 19.87 18.77 18.56 17.80 17.30 17.05 18.79 17.65 17.47
Price to Book 1.13 1.01 1.20 1.24 0.88 0.87 1.17 0.89 0.99 1.23 1.22 0.99 0.97
Price to Operating Cash Flow 24.19 37.22 57.15 17.92 21.68 21.79 15.19 16.77
Price to Free Cash Flow 29.87 42.54 66.22 22.29 23.18 22.57 15.54 17.08
Enterprise Value to EBITDA 206525.18 104097.96 134826.76 257015.10 215908.85

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -35.06 -42.75 43.85 2.75
Revenue YoY 38.52 1.68 11.64 19.73
EBITDA YoY 31.18 6.72 56.61 3.10
Net Profit YoY -27.62 -42.70 62.15 16.95
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 2021-03-31 2020-12-31
Earning YoY 10.71 211.11 -50.00 -29.41 -16.39 1.67 20.00
Revenue YoY 0.10 568.70 -77.50 473.15 5.05 -2.85 26.22
EBITDA YoY 33.13 44.22 30.09
Net Profit YoY 9.88 216.08 -28.91 -29.95 -16.63 3.22 53.08

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 23.42 13.91 10.70 31.71 26.10
Quick Ratio
Current Ratio
Debt to Equity 11.07 11.21 11.64 10.87 10.20
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 2021-03-31 2020-12-31
Cash Per Common Share 22.94 18.15 22.12 13.92 12.40 10.68 24.01 28.26 36.24 26.19
Quick Ratio
Current Ratio
Debt to Equity 10.21 10.76 11.05 11.07 10.60 11.28 11.21 11.27 11.64 12.30 10.87 10.97 10.20
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.35 0.68 1.23 0.75 0.93
ROE 4.18 8.28 15.50 8.85 10.43
Gross Margin 44.65 39.93 81.63 92.79 60.18
Operating Margin 225.04 255.04 244.01 169.08 189.70
EBITDA Margin 251.15 265.22 252.69 180.13 209.17
Net Profit Margin 49.12 94.00 166.82 114.86 117.59
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 2021-03-31 2020-12-31
ROA 0.27 0.25 0.08 0.16 0.22 0.28 0.26 0.24
ROE 3.06 2.91 0.95 1.80 2.72 3.44 3.50 2.84
Gross Margin 74.60 60.63
Operating Margin 258.50 373.78 293.88 204.54 181.95
EBITDA Margin 298.26 385.98 304.55 205.14 199.04
Net Profit Margin 25.32 23.06 48.79 15.44 126.34 159.18 149.82 123.53

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
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 2021-03-31 2020-12-31
Dividend Yield 0.00 0.00 0.00
Dividend Payout Ratio 24.27 26.65 39.86

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 2,010,281.00 1,419,295.00 1,369,383.00 1,389,437.00 950,932.00
   Deposits 1,803,778.00 1,233,726.00 1,241,332.00 1,248,752.00 842,461.00
      Cash and Short-Term Investments 162,874.00 87,161.00 66,914.00 176,006.00 127,297.00
            Cash and Cash Equivalents 162,874.00 87,161.00 66,914.00 176,006.00 127,297.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 1,456,215.00 962,111.00 4,543.00 3,903.00 2,962.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 36,827.00 22,142.00 21,876.00 22,403.00 19,319.00
      Goodwill 3,030.00 3,030.00 3,030.00 3,030.00 0
      Intangible Assets 14,986.00 117.00 136.00 154.00 19.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 1,843,750.00 1,303,024.00 1,261,023.00 1,272,398.00 866,016.00
      Payables and Expenses 0 0 0 0 0
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0
      Long-Term Debt 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0
Equity 166,531.00 116,271.00 108,360.00 117,039.00 84,916.00
   Shareholders Equity 166,531.00 116,271.00 108,360.00 117,039.00 84,916.00
      Capital Stock 11,218.00 7,829.00 7,831.00 7,785.00 6,075.00
      Share Premium 77,058.00 32,950.00 32,716.00 31,966.00 6,151.00
      Retained Earnings 96,947.00 94,198.00 90,284.00 76,990.00 69,292.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -18,692.00 -18,706.00 -22,471.00 298.00 3,398.00
   Minority Interest 0 0 0 0 0
Investments 277,329.00 303,179.00 164,815.00 291,308.00 142,100.00
Debt 30,455.00 14,276.00 14,274.00 19,272.00 19,270.00
Common Shares Outstanding 8,974.10 6,263.10 6,264.91 6,228.18 4,860.40
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 14,182.00 10,238.00 10,069.00 9,019.00 7,533.00
Cost Of Revenue 7,850.00 6,150.00 1,850.00 650.00 3,000.00
Interest Income 76,319.00 57,719.00 49,395.00 37,144.00 32,851.00
Interest Expense 23,867.00 14,306.00 3,820.00 2,304.00 3,383.00
Net Interest 52,452.00 43,413.00 45,575.00 34,840.00 29,468.00
Non-Interest Income 16,380.00 11,784.00 12,621.00 10,187.00 8,225.00
Non-Interest Expense -52,934.00 -37,242.00 -35,597.00 -32,732.00 -23,786.00
Provisions for Credit Losses -7,850.00 -6,150.00 -1,850.00 650.00 -3,000.00
Gross Profit 6,332.00 4,088.00 8,219.00 8,369.00 4,533.00
   Selling, General and Administrative Expenses 7,496.00 6,334.00 5,962.00 7,724.00 4,326.00
EBT 8,048.00 11,805.00 20,749.00 12,945.00 10,907.00
Income Tax 1,082.00 2,181.00 3,952.00 2,586.00 2,049.00
Net Income 6,966.00 9,624.00 16,797.00 10,359.00 8,858.00
EBIT 31,915.00 26,111.00 24,569.00 15,249.00 14,290.00
Deprecation and Amortization 3,703.00 1,042.00 874.00 997.00 1,467.00
EBITDA 35,618.00 27,153.00 25,443.00 16,246.00 15,757.00
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 6,955.59 6,265.39 6,252.37 5,550.59 4,878.14
Average Shares Outstanding Diluted 6,971.09 6,279.10 6,259.36 5,559.08 4,880.27
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -22,204.00 16,390.00 26,772.00 7,868.00 15,091.00
   Operating Net Income 6,966.00 9,624.00 16,797.00 10,359.00 8,858.00
   Deprecation and Amortization 3,703.00 1,042.00 874.00 997.00 1,467.00
   Deferred Income Tax -437.00 -399.00 -241.00 -1,682.00 -923.00
   Share Based Compensation 635.00 753.00 785.00 354.00 290.00
   Change in Working Capital 2,980.00 76.00 4,278.00 -1,169.00 176.00
   Other Operating Activities -36,051.00 5,294.00 4,279.00 -991.00 5,223.00
Investing Cash Flow 136,826.00 -34,345.00 -120,140.00 -126,304.00 -70,486.00
   Capital Expenditure -3,300.00 -1,866.00 -1,181.00 -835.00 -909.00
   Net Purchase/Sale of PPE -3,282.00 -1,816.00 -1,181.00 -803.00 -859.00
   Net Purchase/Sale of Investments Net 88,509.00 19,273.00 -24,835.00 -161,552.00 37,271.00
   Net Purchase/Sale of Business 70,243.00 0 0 -83,745.00 0
   Net Loan & Lease Activity -20,869.00 -51,888.00 -94,389.00 80,145.00 -56,017.00
   Other Investing Activities 5,525.00 1,952.00 1,446.00 40,486.00 -49,972.00
Financing Cash Flow -38,909.00 38,202.00 -15,724.00 167,145.00 136,907.00
   Net Issuance/Repayment of Debt -50,000.00 50,000.00 0 0 4,990.00
   Net Issuance/Repurchase of Equity 106.00 682.00 0 39.00 2,118.00
   Dividends Paid 4,038.00 3,596.00 3,308.00 2,505.00 2,007.00
   Other Financing Activities 6,947.00 -16,076.00 -19,032.00 164,601.00 127,792.00
Net Change in Cash 75,713.00 20,247.00 -109,092.00 48,709.00 81,512.00
   Cash at Beginning of Period 87,161.00 66,914.00 176,006.00 127,297.00 45,785.00
   Cash at End of Period 162,874.00 87,161.00 66,914.00 176,006.00 127,297.00
Free Cash Flow -25,504.00 14,524.00 25,591.00 7,033.00 14,182.00
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 2021-03-31 2020-12-31
Assets 2,030,754.00 2,041,441.00 2,033,347.00 2,010,281.00 1,450,716.00 1,447,195.00 1,419,295.00 1,372,332.00 1,369,383.00 1,417,662.00 1,389,437.00 1,028,130.00 950,932.00
   Deposits 0 0 1,824,976.00 1,803,778.00 0 1,259,137.00 1,233,726.00 1,241,525.00 1,241,332.00 1,292,892.00 1,248,752.00 916,057.00 842,461.00
      Cash and Short-Term Investments 0 0 206,032.00 162,874.00 0 138,709.00 87,161.00 77,801.00 66,914.00 149,790.00 176,006.00 176,262.00 127,297.00
            Cash and Cash Equivalents 189,317.00 194,315.00 206,032.00 162,874.00 126,516.00 138,709.00 87,161.00 77,801.00 66,914.00 149,790.00 176,006.00 176,262.00 127,297.00
            Short-Term Investments 11,513.00 15,300.00 0 0 146,013.00 0 0 0 0 0 0 0 0
      Net Receivables 6,238.00 6,143.00 1,441,341.00 1,456,215.00 4,794.00 965,349.00 962,111.00 913,639.00 4,543.00 4,056.00 3,903.00 2,609.00 2,962.00
      Inventory 0 0 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 0 0
      Property, Plant, Equipment Net 34,107.00 34,530.00 34,609.00 36,827.00 22,960.00 21,993.00 22,142.00 21,637.00 21,876.00 22,278.00 22,403.00 19,087.00 19,319.00
      Goodwill 3,030.00 3,030.00 3,030.00 3,030.00 3,030.00 3,030.00 3,030.00 3,030.00 3,030.00 3,030.00 3,030.00 0 0
      Intangible Assets 13,661.00 14,102.00 14,544.00 14,986.00 104.00 113.00 117.00 131.00 136.00 150.00 154.00 5.00 19.00
      Long-Term Investments 301,084.00 294,009.00 0 0 267,438.00 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 1,849,545.00 1,867,909.00 1,864,671.00 1,843,750.00 1,325,601.00 1,329,379.00 1,303,024.00 1,260,521.00 1,261,023.00 1,311,099.00 1,272,398.00 942,204.00 866,016.00
      Payables and Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
            Account Payables 0 0 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 0 0
      Short-Term Debt 0 0 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 0 0
      Long-Term Debt 30,520.00 55,427.00 0 0 64,278.00 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity 181,209.00 173,532.00 168,676.00 166,531.00 125,115.00 117,816.00 116,271.00 111,811.00 108,360.00 106,563.00 117,039.00 85,926.00 84,916.00
   Shareholders Equity 181,209.00 173,532.00 168,676.00 166,531.00 125,115.00 117,816.00 116,271.00 111,811.00 108,360.00 106,563.00 117,039.00 85,926.00 84,916.00
      Capital Stock 11,262.00 11,236.00 11,233.00 11,218.00 7,871.00 7,847.00 7,829.00 7,851.00 7,831.00 7,812.00 7,785.00 6,086.00 6,075.00
      Share Premium 78,187.00 77,578.00 77,354.00 77,058.00 33,409.00 33,021.00 32,950.00 32,937.00 32,716.00 32,298.00 31,966.00 6,214.00 6,151.00
      Retained Earnings 104,964.00 100,810.00 97,152.00 96,947.00 99,270.00 96,465.00 94,198.00 91,239.00 90,284.00 79,845.00 76,990.00 71,144.00 69,292.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -13,204.00 -16,092.00 -17,063.00 -18,692.00 -15,435.00 -19,517.00 -18,706.00 -20,216.00 -22,471.00 -13,392.00 298.00 2,482.00 3,398.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 273,704.00 277,329.00 0 275,612.00 303,179.00 315,459.00 164,815.00 286,801.00 291,308.00 161,373.00 142,100.00
Debt 30,520.00 55,427.00 30,740.00 30,455.00 64,278.00 14,277.00 14,276.00 14,275.00 14,274.00 14,273.00 19,272.00 19,271.00 19,270.00
Common Shares Outstanding 9,009.21 8,989.14 8,986.70 8,974.10 6,296.70 6,277.37 6,263.10 6,280.38 6,264.91 6,249.78 6,228.18 4,868.46 4,860.40
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Revenues 21,922.00 21,900.00 3,275.00 14,558.00 2,540.00 2,418.00 2,489.00 1,972.00
Cost Of Revenue 0 0 832.00 0 1,000.00 0 0 0
Interest Income 25,022.00 25,096.00 24,022.00 17,411.00 16,334.00 13,528.00 11,024.00 8,095.00
Interest Expense 6,792.00 6,617.00 6,571.00 5,695.00 5,484.00 2,352.00 476.00 583.00
Net Interest 0 0 17,451.00 0 10,850.00 11,176.00 10,548.00 7,512.00
Non-Interest Income 0 0 3,611.00 0 4,047.00 2,778.00 2,711.00 2,143.00
Non-Interest Expense 14,794.00 14,114.00 -18,335.00 9,840.00 9,887.00 9,200.00 8,644.00 -6,650.00
Provisions for Credit Losses 0 0 -832.00 0 -1,000.00 0 0 0
Gross Profit 0 0 2,443.00 0 1,540.00 0 0 0
   Selling, General and Administrative Expenses 9,116.00 8,634.00 2,790.00 6,384.00 1,544.00 1,489.00 1,428.00 1,582.00
EBT 6,820.00 6,335.00 1,895.00 2,793.00 4,010.00 4,754.00 4,615.00 3,005.00
Income Tax 1,270.00 1,284.00 297.00 545.00 801.00 905.00 886.00 569.00
Net Income Including Non-Controlling Interests 5,550.00 5,051.00 0 2,248.00 0 0 0 0
Net Income 5,550.00 5,051.00 1,598.00 2,248.00 3,209.00 3,849.00 3,729.00 2,436.00
EBIT 0 0 8,466.00 0 9,494.00 7,106.00 5,091.00 3,588.00
Deprecation and Amortization 1,148.00 1,116.00 1,302.00 452.00 310.00 258.00 15.00 337.00
EBITDA 0 0 9,768.00 0 9,804.00 7,364.00 5,106.00 3,925.00
EPS 0.00 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 0.00
Average Shares Outstanding Basic 8,999.15 8,987.18 8,979.53 6,288.00 6,269.79 6,273.91 6,238.97 4,863.82
Average Shares Outstanding Diluted 9,023.18 9,001.97 9,005.92 6,303.28 6,282.53 6,281.12 6,245.70 4,872.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow 8,437.00 4,701.00 3,527.00 6,142.00 4,703.00 4,553.00 8,624.00 5,050.00
   Operating Net Income 5,550.00 5,051.00 1,598.00 2,248.00 3,209.00 3,849.00 3,729.00 2,436.00
   Deprecation and Amortization 1,148.00 1,116.00 1,302.00 452.00 310.00 258.00 15.00 337.00
   Deferred Income Tax 484.00 0 0 143.00 46.00 325.00 200.00 -95.00
   Share Based Compensation 586.00 180.00 265.00 264.00 142.00 338.00 485.00 74.00
   Change in Working Capital 569.00 -1,825.00 662.00 1,413.00 -1,054.00 554.00 4,507.00 -592.00
   Other Operating Activities 100.00 179.00 -300.00 1,622.00 2,050.00 -771.00 -312.00 2,890.00
Investing Cash Flow 6,428.00 -18,005.00 19,337.00 -1,838.00 22,412.00 7,155.00 -73,047.00 -29,100.00
   Capital Expenditure 0 0 -483.00 0 -305.00 -159.00 -195.00 -91.00
   Net Purchase/Sale of PPE -260.00 -604.00 -449.00 -1,205.00 -305.00 -157.00 -195.00 -79.00
   Net Purchase/Sale of Investments Net -3,466.00 -23,606.00 6,431.00 5,641.00 26,158.00 5,165.00 -61,937.00 14,211.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0
   Net Loan & Lease Activity -20,869.00 -51,888.00 -94,389.00 80,145.00 -56,017.00
   Other Investing Activities 10,154.00 6,205.00 -212.00 -6,274.00 672.00 520.00 100.00 -34,854.00
Financing Cash Flow -19,863.00 1,587.00 20,294.00 -13,422.00 24,433.00 -821.00 38,207.00 73,015.00
   Net Issuance/Repayment of Debt -25,000.00 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0 95.00 25.00 183.00 39.00
   Dividends Paid -1,347.00 -1,346.00 1,347.00 -896.00 900.00 901.00 817.00 545.00
   Other Financing Activities 6,484.00 0 18,947.00 -12,526.00 23,438.00 -1,747.00 37,207.00 72,431.00
Net Change in Cash -4,998.00 -11,717.00 43,158.00 -9,118.00 51,548.00 10,887.00 -26,216.00 48,965.00
   Cash at Beginning of Period 194,315.00 206,032.00 162,874.00 135,634.00 87,161.00 66,914.00 176,006.00 127,297.00
   Cash at End of Period 189,317.00 194,315.00 206,032.00 126,516.00 138,709.00 77,801.00 149,790.00 176,262.00
Free Cash Flow 6,834.00 4,113.00 3,044.00 4,937.00 4,398.00 4,394.00 8,429.00 4,959.00