Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 6.05 7.92 9.48
Price to Sales 0.66 1.06 0.28
Book Value Per Common Share 10.04 7.12 4.80 3.17
Price to Book 1.84 2.57 1.19
Price to Operating Cash Flow 4.81 5.59 2.80
Price to Free Cash Flow 5.34 5.78 2.84
Enterprise Value to EBITDA 50017.24 62642.85 69900.22
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 28.69 21.74 20.88 24.37 23.45
Price to Sales 3.21 2.33 2.09 2.56 3.13
Book Value Per Common Share 12.28 11.45 10.60 10.04 9.68
Price to Book 2.31 1.73 1.34 1.84 2.37
Price to Operating Cash Flow 13.62 19.50 60.25 11.06 17.21
Price to Free Cash Flow 13.83 20.34 80.73 11.31 18.49
Enterprise Value to EBITDA 228833.99 172761.50 155767.18 228607.82 189903.40

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 32.47 285.00 -13.01
Revenue YoY 64.96 43.62 18.32
EBITDA YoY 25.43 259.65 -14.66
Net Profit YoY 33.68 308.61 -17.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 8.79 33.82 -10.53 -22.45
Revenue YoY 3.11 18.65 -8.07 -2.48
EBITDA YoY 7.17 21.45 8.63 -34.72
Net Profit YoY 7.59 27.28 -12.32 -23.91

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 7.36 4.49 5.88 1.57
Quick Ratio 1.39 1.24 1.71 1.51
Current Ratio 2.07 1.91 2.51 3.02
Debt to Equity 1.64 1.92 1.14 0.48
Long-Term Debt to Equity 0.99 1.21 0.62 0.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 9.75 7.96 7.17 7.40 6.28
Quick Ratio 1.42 1.36 1.21 1.39 1.30
Current Ratio 2.08 2.11 1.98 2.07 2.13
Debt to Equity 1.46 1.51 1.64 1.64 1.68
Long-Term Debt to Equity 0.80 0.87 0.94 0.99 1.06

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 11.75 11.11 5.50 14.86
ROE 31.05 32.40 11.80 22.06
Gross Margin 24.57 26.80 16.96 21.63
Operating Margin 12.13 16.51 6.48 9.18
EBITDA Margin 12.87 16.92 6.76 9.37
Net Profit Margin 10.84 13.37 4.70 6.70
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 3.31 3.19 2.49 2.89 3.79
ROE 8.13 8.01 6.57 7.64 10.16
Gross Margin 23.16 23.85 23.44 21.97 25.47
Operating Margin 13.26 12.70 11.96 10.28 15.81
EBITDA Margin 13.89 13.37 13.06 11.05 16.51
Net Profit Margin 11.18 10.71 9.98 10.47 13.41

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 1,070,475.00 846,909.00 418,600.00 186,777.00
   Current Assets 547,592.00 392,807.00 258,122.00 172,419.00
      Cash and Short-Term Investments 302,433.00 183,283.00 143,531.00 63,198.00
            Cash and Cash Equivalents 259,759.00 183,283.00 143,531.00 63,198.00
            Short-Term Investments 42,674.00 0 0 0
      Net Receivables 65,354.00 70,852.00 32,224.00 23,172.00
      Inventory 172,489.00 132,247.00 78,338.00 81,441.00
      Other Current Assets 7,316.00 6,425.00 4,029.00 4,608.00
   Non-Current Assets 522,883.00 454,102.00 160,478.00 14,358.00
      Property, Plant, Equipment Net 481,428.00 423,536.00 157,221.00 11,075.00
      Goodwill 12,586.00 12,586.00 0 0
      Intangible Assets 6,198.00 8,367.00 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 10,026.00 1,440.00 75.00 72.00
      Other Non-Current Assets 12,645.00 8,173.00 0 0
Liabilities 665,258.00 556,493.00 223,435.00 60,945.00
   Current Liabilities 264,379.00 205,774.00 102,638.00 57,044.00
      Payables and Expenses 122,888.00 107,038.00 48,140.00 39,582.00
            Account Payables 78,163.00 69,757.00 31,573.00 25,140.00
            Current Accrued Liabilities 506.00 1,000.00 1,500.00 900.00
      Short-Term Debt 88,661.00 59,615.00 30,776.00 2,688.00
      Other Current Liabilities 52,830.00 39,121.00 23,722.00 14,774.00
   Non-Current Liabilities 400,879.00 350,719.00 120,797.00 3,901.00
      Long-Term Debt 395,617.00 343,622.00 117,431.00 2,582.00
      Other Non-Current Liabilities 5,262.00 7,097.00 3,366.00 1,319.00
Equity 405,217.00 290,416.00 195,165.00 125,832.00
   Shareholders Equity 405,217.00 290,416.00 195,165.00 125,832.00
      Capital Stock 2,046.00 2,050.00 2,034.00 28,078.00
      Share Premium 120,262.00 111,736.00 109,049.00 37,439.00
      Retained Earnings 298,861.00 177,698.00 83,590.00 60,559.00
      Treasury Shares 11,816.00 1,594.00 231.00 0
      Accumulated Other Comprehensive Income -4,136.00 526.00 804.00 -165.00
   Minority Interest 0 0 0 0
Debt 484,278.00 403,237.00 148,207.00 5,270.00
Common Shares Outstanding 40,346.08 40,781.88 40,684.55 39,753.55
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 1,161,042.00 703,831.00 490,071.00 414,197.00
Cost Of Revenue 875,806.00 515,198.00 406,957.00 324,600.00
Interest Income 9,405.00 3,304.00 472.00 537.00
Interest Expense 256.00 1,240.00 568.00 309.00
Non-Interest Expense 144,630.00 71,394.00 46,665.00 50,244.00
Gross Profit 285,236.00 188,633.00 83,114.00 89,597.00
Operating Expenses 154,384.00 74,408.00 47,006.00 50,244.00
   Selling, General and Administrative Expenses 144,630.00 71,394.00 46,665.00 50,244.00
   Research and Development Expenses 9,791.00 3,925.00 1,426.00 0
   Other Operating Expenses -37.00 -911.00 -1,085.00 0
Operating Income 130,852.00 114,225.00 36,108.00 39,353.00
Net Non-Operating Income 2,039.00 -144.00 6.00 156.00
EBT 140,614.00 114,995.00 31,164.00 37,725.00
Income Tax 14,806.00 20,887.00 7,192.00 8,468.00
Net Income Including Non-Controlling Interests 125,808.00 94,108.00 23,972.00 29,257.00
Net Income 125,808.00 94,108.00 23,031.00 27,757.00
EBIT 140,870.00 116,235.00 31,732.00 38,034.00
Deprecation and Amortization 8,524.00 2,873.00 1,386.00 775.00
EBITDA 149,394.00 119,108.00 33,118.00 38,809.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 41,079.67 40,788.45 24,412.31 40,243.55
Average Shares Outstanding Diluted 41,201.03 40,922.59 24,412.31 40,243.55
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 158,078.00 133,452.00 49,656.00 8,556.00
   Operating Net Income 125,808.00 94,108.00 23,972.00 29,257.00
   Deprecation and Amortization 8,524.00 2,873.00 1,386.00 775.00
   Deferred Income Tax 0 398.00 183.00 131.00
   Share Based Compensation 16,825.00 2,503.00 9,196.00 9,681.00
   Change in Working Capital -24,063.00 28,285.00 10,179.00 -34,870.00
   Other Operating Activities 0 5,285.00 4,740.00 3,582.00
Investing Cash Flow -55,419.00 -90,547.00 -709.00 -1,825.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -13,433.00 -3,918.00 -709.00 -1,825.00
   Net Purchase/Sale of Investments Net -41,986.00 0 0 0
   Net Purchase/Sale of Business 0 -86,629.00 0 0
   Other Investing Activities 0.00 0.00 0.00 0
Financing Cash Flow -24,969.00 -4,003.00 31,887.00 -2,956.00
   Net Issuance/Repayment of Debt -1,726.00 -2,409.00 -3,936.00 -2,956.00
   Net Issuance/Repurchase of Equity 0 0 34,245.00 0
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0 1,578.00 0.00
Net Change in Cash 77,690.00 38,902.00 80,834.00 3,775.00
   Cash at Beginning of Period 184,168.00 145,076.00 63,862.00 62,197.00
   Cash at End of Period 260,444.00 184,168.00 145,076.00 63,862.00
Free Cash Flow 142,542.00 129,072.00 48,947.00 6,731.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 1,124,111.00 1,082,775.00 1,091,037.00 1,070,475.00 1,073,343.00
   Current Assets 621,989.00 577,260.00 579,205.00 547,592.00 527,722.00
      Cash and Short-Term Investments 365,862.00 302,969.00 286,812.00 302,433.00 259,751.00
            Cash and Cash Equivalents 334,851.00 240,119.00 251,711.00 259,759.00 217,581.00
            Short-Term Investments 31,011.00 62,850.00 35,101.00 42,674.00 42,170.00
      Net Receivables 59,818.00 69,446.00 67,000.00 65,354.00 62,549.00
      Inventory 176,361.00 186,842.00 204,854.00 172,489.00 183,322.00
      Other Current Assets 19,948.00 18,003.00 20,539.00 7,316.00 22,100.00
   Non-Current Assets 502,122.00 505,515.00 511,832.00 522,883.00 545,621.00
      Property, Plant, Equipment Net 458,847.00 466,671.00 471,380.00 481,428.00 505,037.00
      Goodwill 12,586.00 12,586.00 12,586.00 12,586.00 12,586.00
      Intangible Assets 5,283.00 5,588.00 5,893.00 6,198.00 6,739.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 11,021.00 11,007.00 11,366.00 10,026.00 8,325.00
      Other Non-Current Assets 14,385.00 9,663.00 10,607.00 12,645.00 12,934.00
Liabilities 666,796.00 651,331.00 678,140.00 665,258.00 672,956.00
   Current Liabilities 299,627.00 273,891.00 291,813.00 264,379.00 247,332.00
      Payables and Expenses 194,507.00 171,640.00 195,325.00 122,888.00 157,136.00
            Account Payables 79,460.00 73,687.00 87,814.00 78,163.00 66,745.00
            Current Accrued Liabilities 103,458.00 91,161.00 87,510.00 506.00 69,586.00
      Short-Term Debt 99,887.00 96,268.00 90,823.00 88,661.00 84,865.00
      Other Current Liabilities 5,233.00 5,983.00 5,665.00 52,830.00 5,331.00
   Non-Current Liabilities 367,169.00 377,440.00 386,327.00 400,879.00 425,624.00
      Long-Term Debt 361,784.00 372,087.00 381,083.00 395,617.00 419,385.00
      Other Non-Current Liabilities 5,385.00 5,353.00 5,244.00 5,262.00 6,239.00
Equity 457,315.00 431,444.00 412,897.00 405,217.00 400,387.00
   Shareholders Equity 457,315.00 431,444.00 412,897.00 405,217.00 400,387.00
      Capital Stock 1,904.00 1,904.00 2,046.00 2,046.00 2,080.00
      Share Premium 94,674.00 94,325.00 121,490.00 120,262.00 127,360.00
      Retained Earnings 377,517.00 340,342.00 326,007.00 298,861.00 272,547.00
      Treasury Shares 18,639.00 7,295.00 34,550.00 11,816.00 1,594.00
      Accumulated Other Comprehensive Income 1,859.00 2,168.00 -2,096.00 -4,136.00 -6.00
   Minority Interest 0 0 0 0 0
Debt 461,671.00 468,355.00 471,906.00 484,278.00 504,250.00
Common Shares Outstanding 37,239.98 37,666.06 38,949.27 40,346.08 41,375.24
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 332,638.00 322,606.00 271,906.00 295,782.00 303,316.00
Cost Of Revenue 255,589.00 245,662.00 208,180.00 230,792.00 226,065.00
Interest Income 3,120.00 2,814.00 2,621.00 2,849.00 2,703.00
Interest Expense 71.00 32.00 23.00 29.00 87.00
Non-Interest Expense 34,180.00 37,740.00 29,490.00 35,020.00 33,812.00
Gross Profit 77,049.00 76,944.00 63,726.00 64,990.00 77,251.00
Operating Expenses 36,482.00 40,988.00 35,178.00 37,368.00 36,462.00
   Selling, General and Administrative Expenses 34,180.00 37,740.00 29,490.00 35,020.00 33,812.00
   Research and Development Expenses 2,534.00 3,184.00 2,493.00 2,356.00 2,582.00
   Other Operating Expenses -40.00 -5.00 -213.00 -8.00 -21.00
Operating Income 40,567.00 35,956.00 28,548.00 27,622.00 40,789.00
Net Non-Operating Income 980.00 1,677.00 579.00 678.00 1,177.00
EBT 44,032.00 40,954.00 32,505.00 30,386.00 47,874.00
Income Tax 6,857.00 6,402.00 5,359.00 -573.00 7,189.00
Net Income Including Non-Controlling Interests 37,175.00 34,552.00 27,146.00 30,959.00 40,685.00
Net Income 37,175.00 34,552.00 27,146.00 30,959.00 40,685.00
EBIT 44,103.00 40,986.00 32,528.00 30,415.00 47,961.00
Deprecation and Amortization 2,115.00 2,140.00 2,049.00 2,271.00 2,108.00
EBITDA 46,218.00 43,126.00 35,508.00 32,686.00 50,069.00
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 37,539.21 38,073.24 40,020.26 40,869.11 41,364.89
Average Shares Outstanding Diluted 37,605.03 38,106.96 40,138.52 40,944.31 41,395.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 78,250.00 38,609.00 9,433.00 68,418.00 55,243.00
   Operating Net Income 37,175.00 34,552.00 27,146.00 30,959.00 40,685.00
   Deprecation and Amortization 2,115.00 2,140.00 2,049.00 2,271.00 2,108.00
   Deferred Income Tax 0 0 0 0 -1,080.00
   Share Based Compensation 349.00 3,026.00 1,227.00 1,245.00 1,433.00
   Change in Working Capital 36,687.00 -2,922.00 -22,519.00 20,848.00 7,037.00
   Other Operating Activities 0 0 0 0 5,060.00
Investing Cash Flow 27,740.00 -28,803.00 4,625.00 -1,377.00 -23,639.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -1,168.00 -1,502.00 -2,361.00 -1,095.00 -3,778.00
   Net Purchase/Sale of Investments Net 28,908.00 -27,301.00 6,986.00 -282.00 -19,861.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0 0 0 0.00 0
Financing Cash Flow -11,450.00 -23,439.00 -22,768.00 -23,380.00 -440.00
   Net Issuance/Repayment of Debt -106.00 -144.00 -34.00 -137.00 -440.00
   Net Issuance/Repurchase of Equity -11,344.00 -23,295.00 -22,734.00 -23,243.00 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 0.00 0.00
Net Change in Cash 94,540.00 -13,633.00 -8,710.00 43,661.00 31,164.00
   Cash at Beginning of Period 240,810.00 252,408.00 260,444.00 218,327.00 186,528.00
   Cash at End of Period 335,554.00 240,810.00 252,408.00 260,444.00 218,327.00
Free Cash Flow 77,060.00 37,032.00 7,038.00 66,920.00 51,401.00