GHG

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 2.37 1.45 -1.01 3.86
Price to Sales 0.19 0.24 0.26 0.41
Book Value Per Common Share 14.37 14.20 15.77 18.03
Price to Book 0.18 0.26 0.24 0.44
Price to Operating Cash Flow 0.70 0.84 1.30 2.15
Price to Free Cash Flow 0.88 1.05 1.81 -4.03
Enterprise Value to EBITDA 8141.40 7468.59 24722.33
Breakdown 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30
Price to Earnings 3.67 -3.66 4.75 3.98
Price to Sales 0.73 0.85 0.88 0.75
Book Value Per Common Share 16.76 16.34 14.37 15.32 15.31
Price to Book 0.13 0.12 0.18 0.20 0.16
Price to Operating Cash Flow 1.54 3.50 2.25 3.57
Price to Free Cash Flow -10.95 11.02 2.40 4.15
Enterprise Value to EBITDA 21400.42 26604.86 20239.55

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -58.46
Revenue YoY -17.44 10.77 -25.34
EBITDA YoY -37.56
Net Profit YoY -59.16
Breakdown 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30
Earning YoY 6.56
Revenue YoY -0.30 -14.70 8.27
EBITDA YoY -3.27
Net Profit YoY 6.18

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 14.68 11.85 9.00 9.84
Quick Ratio 1.50 1.15 1.11 1.42
Current Ratio 1.57 1.21 1.18 1.47
Debt to Equity 2.31 2.42 2.43 1.28
Long-Term Debt to Equity 1.53 1.52 1.50 0.67
Breakdown 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30
Cash Per Common Share 16.24 16.42 14.68 15.13 13.74
Quick Ratio 1.53 1.56 1.50 1.42 1.37
Current Ratio 1.64 1.70 1.57 1.54 1.49
Debt to Equity 1.99 2.07 2.31 2.21 2.22
Long-Term Debt to Equity 1.31 1.37 1.53 1.43 1.48

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 2.22 5.32 -7.48 1.90
ROE 7.37 18.20 -25.64 4.34
Gross Margin 38.77 41.78 27.40 33.30
Operating Margin 15.15 24.24 -32.41 10.71
EBITDA Margin 23.76 31.42 -23.88 16.78
Net Profit Margin 8.19 16.55 -28.94 4.51
Breakdown 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30
ROA 1.17 -1.54 1.28 1.20
ROE 3.51 -5.10 4.12 3.88
Gross Margin 41.67 30.72 41.69 39.85
Operating Margin 25.78 -20.92 25.00 28.15
EBITDA Margin 34.38 -12.20 33.04 36.98
Net Profit Margin 20.03 -24.99 18.35 18.71

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00 0.00
Dividend Payout Ratio 64.49 -9.64 361.02
Breakdown 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30
Dividend Yield 0.00 0.00
Dividend Payout Ratio -92.23 1.23

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 4,947,118.95 5,066,798.88 5,683,895.28 4,667,060.56
   Current Assets 1,835,114.00 1,626,759.60 1,814,583.65 1,831,206.32
      Cash and Short-Term Investments 1,490,246.04 1,209,335.33 926,637.29 1,013,876.23
            Cash and Cash Equivalents 1,490,235.56 765,547.55 699,244.38 298,428.71
            Short-Term Investments 10.47 443,787.79 227,392.92 715,447.53
      Net Receivables 259,073.10 339,640.84 786,940.90 761,880.54
      Inventory 6,881.47 20,462.49 21,920.80 2,297.58
      Other Current Assets 78,913.39 57,320.94 79,084.65 53,151.97
   Non-Current Assets 3,112,004.94 3,440,039.27 3,869,311.63 2,835,854.24
      Property, Plant, Equipment Net 1,978,110.63 2,350,279.79 2,557,615.71 1,045,356.27
      Goodwill 96,074.47 177,082.47 177,082.47 120,819.95
      Intangible Assets 75,677.55 117,720.69 159,686.70 520,117.48
      Long-Term Investments 469,594.22 248,098.80 306,854.46 348,790.78
      Non-Current Deferred Assets 245,760.10 241,965.36 231,995.27 161,565.84
      Other Non-Current Assets 246,787.98 304,892.16 436,077.01 639,203.92
Liabilities 3,454,514.88 3,586,765.38 4,025,502.39 2,624,133.42
   Current Liabilities 1,165,465.81 1,341,596.28 1,544,078.78 1,249,949.29
      Payables and Expenses 675,988.09 688,384.87 693,727.56 548,184.72
            Account Payables 56,488.40 73,126.68 123,577.77 24,036.54
            Current Accrued Liabilities 0 0 3,355.49 29,134.87
      Short-Term Debt 241,763.24 384,536.85 570,800.89 406,200.00
      Other Current Liabilities 247,714.48 268,674.56 279,550.33 295,564.58
   Non-Current Liabilities 2,289,049.07 2,245,169.11 2,481,423.61 1,374,184.13
      Long-Term Debt 1,471,976.07 1,448,709.31 1,676,275.00 301,800.00
      Other Non-Current Liabilities 817,073.00 796,459.80 805,148.61 1,072,384.13
Equity 1,492,604.07 1,480,033.50 1,658,392.89 2,042,927.14
   Shareholders Equity 1,458,746.13 1,442,218.28 1,611,788.97 1,857,685.11
      Capital Stock 338,121.28 338,121.28 338,121.28 338,121.28
      Share Premium 1,609,972.27 1,680,713.35 2,080,450.70 1,151,384.31
      Retained Earnings -458,337.57 -568,339.80 -817,544.06 326,298.62
      Treasury Shares 37,043.12 36,677.83 16,971.06 0
      Accumulated Other Comprehensive Income 6,033.26 28,401.28 27,732.10 41,880.91
   Minority Interest 33,857.94 37,815.21 46,603.92 185,242.03
Debt 1,713,739.32 1,833,246.15 2,247,075.88 708,000.00
Net Debt 0 0 0 409,571.29
Common Shares Outstanding 101,524.49 101,543.52 102,178.96 103,049.86
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 1,343,440.20 1,627,257.69 1,469,074.27 1,967,815.02
Cost Of Revenue 822,587.31 947,438.81 1,066,512.95 1,312,516.30
Interest Income 40,072.07 41,371.16 48,105.12 60,659.01
Interest Expense 6,310.15 14,053.84 27,987.84 15,303.46
Non-Interest Expense 291,905.48 343,608.30 794,539.46 542,908.17
Gross Profit 520,852.88 679,818.88 402,561.32 655,298.72
Operating Expenses 238,848.39 328,142.95 778,962.67 526,098.90
   Selling, General and Administrative Expenses 291,905.48 343,608.30 794,539.46 542,908.17
   Other Operating Expenses -53,057.10 -15,465.35 -15,576.79 -16,809.27
Operating Income 282,004.49 351,675.93 -376,401.35 129,199.82
Net Non-Operating Income 16,474.06 22,783.72 24,404.73 11,750.28
EBT 197,206.80 380,371.86 -504,164.05 195,476.24
Income Tax 88,726.97 118,452.26 -44,072.90 112,287.23
Net Income Including Non-Controlling Interests 107,314.35 260,527.60 -461,689.45 83,571.89
Net Income Non-Controlling Interests 2,687.88 8,788.71 36,536.27 5,134.87
Net Income 110,002.23 269,316.31 -425,153.18 88,706.76
EBIT 203,516.95 394,425.70 -476,176.21 210,779.70
Deprecation and Amortization 115,746.54 116,870.24 125,338.90 119,336.51
EBITDA 319,263.48 511,295.94 -350,837.31 330,116.21
EPS 0.00 0.00 -0.00 0.00
Diluted EPS 0.00 0.00 -0.00 0.00
Average Shares Outstanding Basic 101,539.15 102,083.91 102,963.96 103,049.86
Average Shares Outstanding Diluted 101,539.15 102,083.91 102,963.96 103,049.86
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 373,377.76 455,049.58 294,541.46 379,248.86
   Operating Net Income 107,314.35 260,527.60 -461,689.45 83,571.89
   Deprecation and Amortization 115,746.54 116,870.24 125,338.90 119,336.51
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 62.65 -62.36 2,464.76
   Change in Working Capital -266,789.49 -294,411.30 -351,536.86 28,205.74
   Other Operating Activities 0 0 0 145,669.96
Investing Cash Flow 345,391.59 -93,708.40 420,445.70 -978,048.29
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE 60,318.83 -84,812.43 -74,524.88 -556,221.88
   Net Purchase/Sale of Investments Net 206,883.47 -159,010.67 505,458.93 321,258.74
   Net Purchase/Sale of Business 2,807.50 37,800.00 79,666.59 -173,243.93
   Other Investing Activities 75,381.80 112,314.70 -90,154.94 -569,841.22
Financing Cash Flow 10,532.40 -303,734.28 -335,396.16 240,327.74
   Net Issuance/Repayment of Debt 82,800.00 -284,300.00 -299,900.00 542,700.00
   Net Issuance/Repurchase of Equity -365.28 -19,706.78 0 0
   Dividends Paid -70,936.32 0 -40,999.46 -320,253.16
   Other Financing Activities -966.00 272.50 5,503.30 17,880.90
Net Change in Cash 729,301.75 57,606.89 379,591.00 -358,471.69
   Cash at Beginning of Period 791,600.71 733,961.73 353,122.59 713,006.75
   Cash at End of Period 1,525,201.94 791,600.71 733,961.73 353,122.59
Free Cash Flow 293,758.67 366,545.12 210,710.07 -202,536.38
Breakdown 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30
Assets 5,182,959.83 5,193,190.11 4,947,118.95 5,099,812.77 5,123,385.74
   Current Assets 1,940,858.05 2,029,207.34 1,835,114.00 1,885,742.26 1,768,547.81
      Cash and Short-Term Investments 1,638,721.52 1,666,654.29 1,490,246.04 1,535,883.83 1,395,072.56
            Cash and Cash Equivalents 1,638,695.77 1,666,620.67 1,490,235.56 1,513,020.99 1,374,876.97
            Short-Term Investments 25.75 33.62 10.47 22,862.85 20,195.60
      Net Receivables 173,059.85 203,869.75 259,073.10 210,267.57 238,010.33
      Inventory 6,774.54 7,269.09 6,881.47 6,423.58 6,309.47
      Other Current Assets 122,302.15 151,414.21 78,913.39 133,167.27 129,155.44
   Non-Current Assets 3,242,101.78 3,163,982.77 3,112,004.94 3,214,070.51 3,354,837.93
      Property, Plant, Equipment Net 1,920,593.34 1,983,758.74 1,978,110.63 1,988,689.30 2,113,298.53
      Goodwill 96,074.47 96,074.47 96,074.47 177,082.47 177,082.47
      Intangible Assets 73,999.66 74,635.34 75,677.55 114,380.47 115,281.99
      Long-Term Investments 494,109.98 488,273.04 469,594.22 474,516.44 461,221.26
      Non-Current Deferred Assets 241,431.98 243,030.39 245,760.10 180,650.42 218,658.56
      Other Non-Current Assets 415,892.35 278,210.80 246,787.98 278,751.41 269,295.12
Liabilities 3,450,869.96 3,503,162.38 3,454,514.88 3,508,917.34 3,533,705.34
   Current Liabilities 1,184,140.84 1,195,829.73 1,165,465.81 1,226,727.30 1,188,206.57
      Payables and Expenses 769,520.62 756,173.53 675,988.09 823,808.60 723,916.87
            Account Payables 49,486.46 48,217.42 56,488.40 45,619.84 53,525.45
            Current Accrued Liabilities 535,728.66 528,230.47 0 493,142.34 466,056.35
      Short-Term Debt 217,418.05 253,828.35 241,763.24 184,164.85 263,479.42
      Other Current Liabilities 197,202.16 185,827.85 247,714.48 218,753.86 200,810.28
   Non-Current Liabilities 2,266,729.12 2,307,332.66 2,289,049.07 2,282,190.04 2,345,498.77
      Long-Term Debt 1,484,789.57 1,515,009.38 1,471,976.07 1,556,409.02 1,589,150.96
      Other Non-Current Liabilities 781,939.55 792,323.28 817,073.00 725,781.01 756,347.81
Equity 1,732,089.87 1,690,027.73 1,492,604.07 1,590,895.44 1,589,680.40
   Shareholders Equity 1,701,407.75 1,658,865.00 1,458,746.13 1,555,668.77 1,554,164.76
      Capital Stock 338,121.28 338,121.28 338,121.28 338,121.28 338,121.28
      Share Premium 1,609,972.27 1,609,972.27 1,609,972.27 1,680,194.33 1,680,178.67
      Retained Earnings -202,062.35 -256,875.68 -458,337.57 -452,428.02 -447,752.89
      Treasury Shares 48,049.54 48,049.54 37,043.12 36,977.95 36,677.83
      Accumulated Other Comprehensive Income 3,426.09 15,696.67 6,033.26 26,759.12 20,295.53
   Minority Interest 30,682.12 31,162.73 33,857.94 35,226.67 35,515.64
Debt 1,702,207.63 1,768,837.73 1,713,739.32 1,740,573.87 1,852,630.39
Common Shares Outstanding 101,524.49 101,524.49 101,524.49 101,543.52 101,543.52
Breakdown 2025-09-30 2024-12-31 2024-09-30 2024-06-30
Revenues 303,605.44 304,519.66 356,981.45 329,711.66
Cost Of Revenue 177,107.74 210,973.48 208,168.80 198,324.68
Interest Income 9,850.34 12,633.53 7,488.03 11,003.96
Interest Expense 1,730.82 1,824.93 116.16 2,629.23
Non-Interest Expense 57,113.54 78,678.52 55,045.24 83,305.92
Gross Profit 126,497.69 93,546.18 148,812.65 131,386.97
Operating Expenses 56,425.99 74,605.56 42,409.15 46,975.53
   Selling, General and Administrative Expenses 57,113.54 78,678.52 55,045.24 83,305.92
   Other Operating Expenses -687.55 -4,072.96 -12,636.09 -36,330.39
Operating Income 70,071.70 18,940.62 106,403.50 84,411.45
Net Non-Operating Income -6,293.03 34,336.16 -34,653.12 3,556.45
EBT 76,541.95 -65,538.87 89,137.48 90,170.56
Income Tax 18,950.38 11,214.63 24,330.64 26,733.73
Net Income Including Non-Controlling Interests 60,332.72 -77,454.28 65,211.91 62,261.86
Net Income Non-Controlling Interests 480.61 1,368.73 288.97 -571.59
Net Income 60,813.33 -76,085.55 65,500.88 61,690.27
EBIT 78,272.78 -63,713.93 89,253.65 92,799.79
Deprecation and Amortization 26,099.09 26,575.90 28,690.96 29,137.97
EBITDA 104,371.87 -37,138.03 117,944.60 121,937.76
EPS 0.00 -0.00 0.00 0.00
Diluted EPS 0.00 -0.00 0.00 0.00
Average Shares Outstanding Basic 100,897.74 101,527.94 101,541.72 101,543.52
Average Shares Outstanding Diluted 100,897.74 101,527.94 101,541.72 101,543.52
Breakdown 2025-09-30 2024-12-31 2024-09-30 2024-06-30
Operating Cash Flow 144,504.80 74,241.02 139,242.53 69,165.00
   Operating Net Income 60,332.72 -77,454.28 65,211.91 62,261.86
   Deprecation and Amortization 26,099.09 26,575.90 28,690.96 29,137.97
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 15.66 15.66
   Change in Working Capital -10,564.54 -84,332.81 -26,928.00 -84,103.06
   Other Operating Activities 0 0 72,252.00 61,852.57
Investing Cash Flow -167,386.52 -25,213.87 -102.85 157,564.75
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -164,766.36 -50,900.30 -8,320.04 128,360.60
   Net Purchase/Sale of Investments Net 7.88 16,551.43 -6,800.00 0
   Net Purchase/Sale of Business 0 0 2,273.50 534.00
   Other Investing Activities 0 9,135.00 12,743.69 28,670.15
Financing Cash Flow 0 -70,441.16 -1,266.12 -960.32
   Net Issuance/Repayment of Debt 0 -200.00 0 -200.00
   Net Issuance/Repurchase of Equity 0 -65.16 -300.12 0
   Dividends Paid 0 -70,176.00 0 -760.32
   Other Financing Activities 0 0.00 -966.00 0
Net Change in Cash -22,881.72 -21,414.02 137,873.55 225,769.43
   Cash at Beginning of Period 1,696,882.30 1,539,658.62 1,401,643.00 1,176,023.27
   Cash at End of Period 1,672,298.73 1,525,201.94 1,539,658.62 1,401,643.00
Free Cash Flow -20,265.67 23,587.55 130,470.82 59,525.60