Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -21.26 -156.36
Price to Sales 8.53 34.63
Book Value Per Common Share 0.60 1.01 1.22 0.51
Price to Book 16.72 50.98
Price to Operating Cash Flow 268.66 205.01
Price to Free Cash Flow -23.10 -204.68
Enterprise Value to EBITDA 3700452.95
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Price to Earnings -90.03 -39.98 -176.67 -385.00
Price to Sales 24.43 39.32 35.05 93.82
Book Value Per Common Share 0.51 0.54 0.60 0.86 0.90
Price to Book 11.08 10.06 16.72 12.34 34.40
Price to Operating Cash Flow -174.82 -839.83 358.11 1949.37
Price to Free Cash Flow -57.96 -44.98 -296.09 -1111.91
Enterprise Value to EBITDA 2391025.42 3870001.39 11605248.89

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -11.21 -8.61 4.59
EBITDA YoY 346.61 -80.10
Net Profit YoY
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Earning YoY
Revenue YoY -13.00 -15.80 7.30 16.11
EBITDA YoY 3.21 -45.16
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.44 0.74 1.06 0.89
Quick Ratio 0.59 0.89 1.02 0.49
Current Ratio 0.90 1.24 1.60 0.75
Debt to Equity 2.97 2.35 1.92 5.83
Long-Term Debt to Equity 1.69 1.49 1.09 1.94
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Cash Per Common Share 0.31 0.32 0.41 0.41 0.80
Quick Ratio 0.51 0.53 0.59 0.64 1.08
Current Ratio 1.01 0.81 0.90 1.29 1.46
Debt to Equity 3.98 3.15 2.97 2.23 2.15
Long-Term Debt to Equity 2.52 1.81 1.69 1.39 1.39

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -17.53 -9.11 -11.32 -7.98
ROE -69.53 -30.58 -33.08 -54.45
Gross Margin 2.55 14.56 15.08 16.69
Operating Margin -34.97 -18.33 -22.76 -15.38
EBITDA Margin -3.74 9.79 2.00 10.53
Net Profit Margin -39.52 -21.73 -25.84 -18.40
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
ROA -2.82 -10.18 -2.23 -2.41
ROE -11.71 -40.40 -7.20 -7.59
Gross Margin 4.88 -7.38 5.39 5.15
Operating Margin -24.54 -88.81 -18.11 -21.67
EBITDA Margin 10.49 -57.17 9.31 9.67
Net Profit Margin -29.18 -97.54 -21.00 -24.78

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio -2.12 -10.39
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 700,427.00 834,230.00 873,423.00 844,400.00
   Current Assets 202,824.00 266,138.00 397,905.00 358,030.00
      Cash and Short-Term Investments 117,148.00 173,885.00 236,100.00 217,429.00
            Cash and Cash Equivalents 117,148.00 173,885.00 236,100.00 217,429.00
            Short-Term Investments 0 0 0 28,732.00
      Net Receivables 16,977.00 17,135.00 16,143.00 16,625.00
      Inventory 44,972.00 53,109.00 114,701.00 73,137.00
      Other Current Assets 23,727.00 22,009.00 30,961.00 50,839.00
   Non-Current Assets 497,603.00 568,092.00 475,518.00 486,370.00
      Property, Plant, Equipment Net 473,558.00 532,288.00 464,058.00 479,660.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 16,117.00 17,741.00 0 1,012.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 7,928.00 18,063.00 11,460.00 5,698.00
Liabilities 523,887.00 585,543.00 574,449.00 720,687.00
   Current Liabilities 225,629.00 214,054.00 248,166.00 480,543.00
      Payables and Expenses 29,351.00 38,117.00 38,879.00 53,258.00
            Account Payables 29,271.00 37,935.00 38,055.00 52,892.00
            Current Accrued Liabilities 0 0 0 24,807.00
      Short-Term Debt 112,464.00 86,886.00 98,055.00 249,587.00
      Other Current Liabilities 83,814.00 89,051.00 111,232.00 177,698.00
   Non-Current Liabilities 298,258.00 371,489.00 326,283.00 240,144.00
      Long-Term Debt 280,716.00 353,423.00 304,592.00 211,472.00
      Other Non-Current Liabilities 17,542.00 18,066.00 21,691.00 28,672.00
Equity 176,540.00 248,687.00 298,974.00 123,713.00
   Shareholders Equity 176,540.00 248,687.00 298,974.00 123,713.00
      Capital Stock 29.00 24.00 24.00 85,729.00
      Share Premium 734,460.00 669,912.00 643,470.00 132,993.00
      Retained Earnings -548,732.00 -425,978.00 -349,940.00 -116,609.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -9,217.00 4,729.00 5,420.00 21,600.00
   Minority Interest 0 0 0 0
Debt 393,180.00 440,309.00 402,647.00 461,059.00
Net Debt 239,620.00 236,286.00 145,074.00 216,888.00
Common Shares Outstanding 295,353.49 245,721.03 244,211.64 244,225.88
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 310,641.00 349,846.00 382,826.00 366,009.00
Cost Of Revenue 302,711.00 298,907.00 325,113.00 304,921.00
Interest Income 3,077.00 2,847.00 2,870.00 572.00
Interest Expense 14,135.00 11,925.00 11,771.00 11,088.00
Non-Interest Expense 75,926.00 95,416.00 131,245.00 87,806.00
Gross Profit 7,930.00 50,939.00 57,713.00 61,088.00
Operating Expenses 106,214.00 128,912.00 349,651.00 108,895.00
   Selling, General and Administrative Expenses 75,926.00 95,416.00 131,245.00 87,806.00
   Research and Development Expenses 34,942.00 40,867.00 45,993.00 30,600.00
   Other Operating Expenses -4,654.00 -7,371.00 172,413.00 -9,511.00
Operating Income -98,284.00 -77,973.00 -291,938.00 -47,807.00
Net Non-Operating Income -2,383.00 -607.00 -1,745.00 -8,451.00
EBT -122,754.00 -76,038.00 -98,906.00 -67,362.00
Income Tax 0 0 2.00 0
Net Income Including Non-Controlling Interests -122,754.00 -76,038.00 -98,908.00 -67,362.00
Net Income -122,754.00 -76,038.00 -98,908.00 -67,362.00
EBIT -108,619.00 -64,113.00 -87,135.00 -56,274.00
Deprecation and Amortization 97,008.00 98,377.00 94,807.00 94,819.00
EBITDA -11,611.00 34,264.00 7,672.00 38,545.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 264,984.00 234,803.00 222,000.00 244,225.88
Average Shares Outstanding Diluted 264,984.00 234,803.00 222,000.00 244,225.88
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 9,850.00 59,095.00 -64,790.00 80,794.00
   Operating Net Income -122,754.00 -76,038.00 -98,908.00 -67,362.00
   Deprecation and Amortization 97,008.00 98,377.00 94,807.00 94,819.00
   Deferred Income Tax 0 0 2.00 0
   Share Based Compensation 11,644.00 26,324.00 37,907.00 5,038.00
   Change in Working Capital -9,067.00 18,548.00 -76,146.00 40,376.00
   Other Operating Activities 33,019.00 -8,116.00 -22,452.00 7,923.00
Investing Cash Flow -128,725.00 -136,626.00 -101,102.00 -41,518.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -123,107.00 -116,267.00 -122,684.00 -124,664.00
   Net Purchase/Sale of Investments Net 0 0 26,479.00 82,822.00
   Net Purchase/Sale of Business 0 -18,900.00 0 0
   Other Investing Activities -5,618.00 -1,459.00 -4,897.00 324.00
Financing Cash Flow 33,814.00 15,151.00 186,396.00 61,764.00
   Net Issuance/Repayment of Debt -40,994.00 15,213.00 -32,755.00 68,867.00
   Net Issuance/Repurchase of Equity 75,000.00 0 188,765.00 0
   Dividends Paid 0 0 -2,094.00 -7,000.00
   Other Financing Activities -192.00 -62.00 32,480.00 -103.00
Net Change in Cash -85,061.00 -62,380.00 20,504.00 101,040.00
   Cash at Beginning of Period 173,885.00 236,100.00 217,429.00 119,042.00
   Cash at End of Period 117,148.00 173,885.00 236,100.00 217,429.00
Free Cash Flow -114,648.00 -59,187.00 -188,482.00 -47,612.00
Breakdown 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Assets 755,465.00 657,578.00 700,427.00 819,608.00 830,984.00
   Current Assets 223,797.00 172,794.00 202,824.00 274,346.00 293,884.00
      Cash and Short-Term Investments 92,026.00 93,279.00 117,148.00 119,154.00 196,886.00
            Cash and Cash Equivalents 92,026.00 93,279.00 117,148.00 119,154.00 196,886.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 20,295.00 18,940.00 16,977.00 17,690.00 20,542.00
      Inventory 43,301.00 41,767.00 44,972.00 57,709.00 54,213.00
      Other Current Assets 68,175.00 18,808.00 23,727.00 79,793.00 22,243.00
   Non-Current Assets 531,668.00 484,784.00 497,603.00 545,262.00 537,100.00
      Property, Plant, Equipment Net 507,302.00 460,880.00 473,558.00 519,642.00 507,190.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 16,011.00 16,275.00 16,117.00 17,243.00 17,806.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 8,355.00 7,629.00 7,928.00 8,377.00 12,104.00
Liabilities 603,631.00 499,036.00 523,887.00 566,045.00 566,768.00
   Current Liabilities 221,067.00 212,765.00 225,629.00 212,851.00 200,819.00
      Payables and Expenses 24,432.00 0 29,351.00 37,408.00 35,814.00
            Account Payables 24,432.00 0 29,271.00 37,408.00 35,814.00
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 130,215.00 140,194.00 112,464.00 86,641.00 94,004.00
      Other Current Liabilities 66,420.00 0 83,814.00 88,802.00 71,001.00
   Non-Current Liabilities 382,564.00 286,271.00 298,258.00 353,194.00 365,949.00
      Long-Term Debt 346,457.00 270,222.00 280,716.00 335,076.00 325,870.00
      Other Non-Current Liabilities 36,107.00 16,049.00 17,542.00 18,118.00 40,079.00
Equity 151,834.00 158,542.00 176,540.00 253,563.00 264,216.00
   Shareholders Equity 151,834.00 158,542.00 176,540.00 253,563.00 264,216.00
      Capital Stock 29.00 29.00 29.00 29.00 29.00
      Share Premium 737,871.00 737,127.00 734,460.00 733,076.00 729,644.00
      Retained Earnings -593,821.00 -567,294.00 -548,732.00 -477,404.00 -459,160.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 7,755.00 -11,320.00 -9,217.00 -2,138.00 -6,297.00
   Minority Interest 0 0 0 0 0
Debt 476,672.00 410,416.00 393,180.00 421,717.00 419,874.00
Net Debt 351,432.00 283,001.00 239,620.00 273,257.00 195,101.00
Common Shares Outstanding 295,075.36 295,353.49 295,353.49 295,066.50 295,066.50
Breakdown 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Revenues 63,621.00 73,130.00 86,856.00 80,944.00 69,711.00
Cost Of Revenue 60,515.00 78,524.00 82,177.00 76,772.00 65,238.00
Interest Expense 2,950.00 6,379.00 2,512.00 2,516.00 2,728.00
Non-Interest Expense 14,041.00 17,040.00 18,676.00 20,260.00 19,950.00
Gross Profit 3,106.00 -5,394.00 4,679.00 4,172.00 4,473.00
Operating Expenses 19,056.00 18,474.00 29,197.00 28,773.00 27,354.00
   Selling, General and Administrative Expenses 14,041.00 17,040.00 18,676.00 20,260.00 19,950.00
   Research and Development Expenses 5,986.00 9,846.00 7,271.00 8,459.00 9,366.00
   Other Operating Expenses -971.00 -8,412.00 3,250.00 54.00 -1,962.00
Operating Income -15,950.00 -23,868.00 -24,518.00 -24,601.00 -22,881.00
Net Non-Operating Income 1,783.00 -35,584.00 9,922.00 7,665.00 13,198.00
EBT -18,562.00 -71,328.00 -18,244.00 -20,055.00 -13,127.00
Income Tax 0 0 0 0 0
Net Income Including Non-Controlling Interests -18,562.00 -71,328.00 -18,244.00 -20,055.00 -13,127.00
Net Income -18,562.00 -71,328.00 -18,244.00 -20,055.00 -13,127.00
EBIT -15,612.00 -64,949.00 -15,732.00 -17,539.00 -10,399.00
Deprecation and Amortization 22,285.00 23,144.00 23,814.00 25,370.00 24,680.00
EBITDA 6,673.00 -41,805.00 8,082.00 7,831.00 14,281.00
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 287,736.00 287,735.00 287,232.00 246,535.00 235,942.00
Average Shares Outstanding Diluted 287,736.00 287,735.00 287,232.00 246,535.00 235,942.00
Breakdown 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Operating Cash Flow -8,894.00 -3,412.00 8,508.00 3,902.00 852.00
   Operating Net Income -18,562.00 -71,328.00 -18,244.00 -20,055.00 -13,127.00
   Deprecation and Amortization 22,285.00 23,144.00 23,814.00 25,370.00 24,680.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 1,083.00 868.00 3,357.00 4,041.00 3,378.00
   Change in Working Capital -17,089.00 -7,609.00 2,244.00 79.00 -3,781.00
   Other Operating Activities 3,389.00 51,513.00 -2,663.00 -5,533.00 -10,298.00
Investing Cash Flow -15,309.00 -8,201.00 -74,595.00 -11,155.00 -34,774.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -17,873.00 -59,181.00 -18,787.00 -10,720.00 -34,419.00
   Net Purchase/Sale of Investments Net 2,695.00 56,051.00 -55,765.00 -203.00 -83.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0 -5,071.00 -43.00 -232.00 -272.00
Financing Cash Flow -912.00 -26,113.00 -12,539.00 73,514.00 -1,048.00
   Net Issuance/Repayment of Debt -938.00 -26,093.00 -12,534.00 -1,394.00 -973.00
   Net Issuance/Repurchase of Equity 0 0 0 75,000.00 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0 -20.00 -5.00 -92.00 -75.00
Net Change in Cash -25,115.00 -37,726.00 -78,626.00 66,261.00 -34,970.00
   Cash at Beginning of Period 117,148.00 119,154.00 196,886.00 132,514.00 173,885.00
   Cash at End of Period 93,279.00 117,148.00 119,154.00 196,886.00 132,514.00
Free Cash Flow -26,810.00 -63,922.00 -10,279.00 -6,828.00 -33,619.00