Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 13.98 14.90
Price to Sales 1.15 1.30
Book Value Per Common Share 5.34 4.82 4.31 4.39
Price to Book 1.15 1.27
Price to Operating Cash Flow 11.07 10.84
Price to Free Cash Flow 13.99 16.33
Enterprise Value to EBITDA 81062.43 83283.78
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 93.00 41.71 -57.73 29.29 43.92
Price to Sales 6.47 3.86 3.94 4.49 4.03
Book Value Per Common Share 6.08 5.52 5.25 5.34 5.11
Price to Book 2.14 1.28 1.21 1.15 1.03
Price to Operating Cash Flow 26.77 78.78 -54.79 21.53 20.45
Price to Free Cash Flow 31.16 170.43 -44.72 25.47 22.68
Enterprise Value to EBITDA 601751.63 345978.29 3129179.20 197134.80 301858.28

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 7.32
Revenue YoY 14.79 10.94 11.57
EBITDA YoY 3.41 123.17 63.69
Net Profit YoY 5.72
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -17.65 75.00
Revenue YoY 12.12 14.05 17.80 4.71
EBITDA YoY 18.64 912.18 -93.49 78.69
Net Profit YoY -17.62 72.52

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 2.09 1.83 1.53 1.49
Quick Ratio 1.91 1.40 1.29 1.37
Current Ratio 2.52 1.90 1.71 1.84
Debt to Equity 0.41 0.55 0.58 0.48
Long-Term Debt to Equity 0.08 0.09 0.06 0.04
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 2.64 1.14 1.12 2.09 1.92
Quick Ratio 1.20 0.90 0.86 1.91 1.63
Current Ratio 1.72 1.50 1.41 2.52 2.17
Debt to Equity 0.73 0.82 0.95 0.41 0.49
Long-Term Debt to Equity 0.25 0.36 0.38 0.08 0.08

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 5.78 5.51 -1.54 -0.82
ROE 8.16 8.56 -2.43 -1.22
Gross Margin 37.10 39.44 36.24 33.15
Operating Margin 9.72 10.68 2.97 0.21
EBITDA Margin 14.16 15.72 7.81 5.33
Net Profit Margin 8.14 8.83 -2.47 -1.41
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 1.20 1.71 -1.03 2.74 1.57
ROE 2.07 3.11 -2.00 3.86 2.34
Gross Margin 29.51 30.42 30.86 39.71 37.10
Operating Margin 6.41 5.41 -2.98 18.91 9.04
EBITDA Margin 11.82 11.17 1.26 22.77 13.34
Net Profit Margin 6.88 9.36 -6.51 15.06 9.14

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio -1154.07
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 429,748.00 426,886.00 385,411.00 367,735.00
   Current Assets 255,631.00 240,573.00 215,054.00 199,405.00
      Cash and Short-Term Investments 119,384.00 103,961.00 86,591.00 84,018.00
            Cash and Cash Equivalents 119,384.00 103,961.00 86,591.00 81,859.00
            Short-Term Investments 0 0 0 2,159.00
      Net Receivables 74,541.00 73,052.00 75,615.00 65,169.00
      Inventory 38,890.00 38,525.00 33,024.00 28,432.00
      Other Current Assets 22,816.00 25,035.00 19,824.00 21,786.00
   Non-Current Assets 174,117.00 186,313.00 170,357.00 168,330.00
      Property, Plant, Equipment Net 77,390.00 79,420.00 80,469.00 76,869.00
      Goodwill 52,494.00 54,740.00 43,468.00 43,468.00
      Intangible Assets 12,925.00 16,051.00 309.00 640.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 11,896.00 11,484.00 18,265.00 17,551.00
      Other Non-Current Assets 19,412.00 24,618.00 27,846.00 29,802.00
Liabilities 125,313.00 152,198.00 141,286.00 119,412.00
   Current Liabilities 101,436.00 126,584.00 125,787.00 108,508.00
      Payables and Expenses 76,667.00 79,796.00 84,181.00 80,566.00
            Account Payables 17,107.00 13,873.00 20,668.00 19,776.00
            Current Accrued Liabilities 59,560.00 65,923.00 63,513.00 60,790.00
      Short-Term Debt 2,557.00 9,879.00 1,941.00 1,818.00
      Other Current Liabilities 22,212.00 36,909.00 39,665.00 26,124.00
   Non-Current Liabilities 23,877.00 25,614.00 15,499.00 10,904.00
      Long-Term Debt 6,014.00 5,022.00 1,890.00 2,283.00
      Other Non-Current Liabilities 17,863.00 20,592.00 13,609.00 8,621.00
Equity 304,435.00 274,688.00 244,125.00 248,323.00
   Shareholders Equity 304,435.00 274,688.00 244,125.00 248,323.00
      Capital Stock 2,733.00 2,733.00 2,711.00 2,706.00
      Share Premium 943,294.00 937,591.00 932,086.00 929,871.00
      Retained Earnings -635,472.00 -660,321.00 -683,825.00 -677,897.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -6,120.00 -5,315.00 -6,847.00 -6,357.00
   Minority Interest 0 0 0 0
Debt 8,571.00 14,901.00 3,831.00 4,101.00
Common Shares Outstanding 57,017.03 57,016.09 56,610.40 56,539.24
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 305,448.00 266,090.00 239,840.00 214,970.00
Cost Of Revenue 192,117.00 161,145.00 152,932.00 143,703.00
Interest Income 4,350.00 3,710.00 980.00 315.00
Interest Expense 501.00 232.00 0 0
Non-Interest Expense 54,249.00 44,458.00 40,106.00 37,099.00
Gross Profit 113,331.00 104,945.00 86,908.00 71,267.00
Operating Expenses 95,255.00 85,713.00 75,746.00 68,435.00
   Selling, General and Administrative Expenses 54,249.00 44,458.00 40,106.00 37,099.00
   Research and Development Expenses 38,136.00 41,173.00 35,640.00 31,336.00
   Other Operating Expenses -479.00 82.00 0 0
Operating Income 18,076.00 19,232.00 11,162.00 2,832.00
EBT 29,201.00 28,194.00 7,135.00 459.00
Income Tax 4,352.00 4,690.00 13,063.00 3,492.00
Net Income Including Non-Controlling Interests 24,849.00 23,504.00 -5,928.00 -3,033.00
Net Income 24,849.00 23,504.00 -5,928.00 -3,033.00
EBIT 29,702.00 28,426.00 7,135.00 459.00
Deprecation and Amortization 13,554.00 13,402.00 11,608.00 10,991.00
EBITDA 43,256.00 41,828.00 18,743.00 11,450.00
EPS 0.00 0.00 -0.00 -0.00
Diluted EPS 0.00 0.00 -0.00 -0.00
Average Shares Outstanding Basic 57,016.92 56,669.00 56,591.99 56,401.07
Average Shares Outstanding Diluted 57,016.92 56,672.54 56,591.99 56,401.07
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 31,669.00 31,944.00 10,814.00 18,903.00
   Operating Net Income 24,849.00 23,504.00 -5,928.00 -3,033.00
   Deprecation and Amortization 13,554.00 13,402.00 11,608.00 10,991.00
   Deferred Income Tax 1,834.00 2,662.00 -627.00 1,744.00
   Share Based Compensation 6,726.00 3,423.00 2,220.00 1,304.00
   Change in Working Capital -15,205.00 -9,130.00 2,634.00 7,220.00
   Other Operating Activities -89.00 -1,917.00 907.00 677.00
Investing Cash Flow -6,610.00 -12,685.00 -8,164.00 -11,092.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -6,610.00 -8,578.00 -8,787.00 -8,933.00
   Net Purchase/Sale of Investments Net 0 0 623.00 -2,159.00
   Net Purchase/Sale of Business 0 -4,107.00 0 0
   Other Investing Activities 0.00 0.00 0.00 0.00
Financing Cash Flow -8,107.00 -1,590.00 0 -39,003.00
   Net Issuance/Repayment of Debt -7,453.00 -1,590.00 0 -4,000.00
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid 0 0 0 -35,003.00
   Other Financing Activities 0 0.00 0 0.00
Net Change in Cash 16,952.00 17,669.00 2,650.00 -31,192.00
   Cash at Beginning of Period 104,751.00 87,145.00 84,463.00 115,958.00
   Cash at End of Period 120,249.00 104,751.00 87,145.00 84,463.00
Free Cash Flow 25,059.00 21,198.00 -1,979.00 9,970.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 675,750.00 575,878.00 583,048.00 429,748.00 433,184.00
   Current Assets 319,989.00 221,403.00 240,637.00 255,631.00 257,458.00
      Cash and Short-Term Investments 154,451.00 64,929.00 63,783.00 119,384.00 109,554.00
            Cash and Cash Equivalents 154,451.00 64,929.00 63,783.00 119,384.00 109,554.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 69,084.00 67,736.00 82,558.00 74,541.00 83,516.00
      Inventory 51,344.00 48,737.00 59,431.00 38,890.00 39,892.00
      Other Current Assets 45,110.00 40,001.00 34,865.00 22,816.00 24,496.00
   Non-Current Assets 355,761.00 354,475.00 342,411.00 174,117.00 175,726.00
      Property, Plant, Equipment Net 78,442.00 76,460.00 76,278.00 77,390.00 75,034.00
      Goodwill 167,706.00 167,706.00 169,444.00 52,494.00 54,740.00
      Intangible Assets 58,160.00 61,689.00 64,928.00 12,925.00 13,463.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 18,222.00 16,129.00 9,912.00 11,896.00 9,948.00
      Other Non-Current Assets 33,231.00 32,491.00 21,849.00 19,412.00 22,541.00
Liabilities 285,149.00 260,116.00 283,534.00 125,313.00 141,709.00
   Current Liabilities 185,640.00 147,215.00 170,792.00 101,436.00 118,526.00
      Payables and Expenses 66,182.00 78,655.00 68,609.00 76,667.00 72,611.00
            Account Payables 13,534.00 18,541.00 20,364.00 17,107.00 19,134.00
            Current Accrued Liabilities 52,648.00 60,114.00 48,245.00 59,560.00 53,477.00
      Short-Term Debt 6,532.00 6,294.00 5,865.00 2,557.00 5,158.00
      Other Current Liabilities 112,926.00 62,266.00 96,318.00 22,212.00 40,757.00
   Non-Current Liabilities 99,509.00 112,901.00 112,742.00 23,877.00 23,183.00
      Long-Term Debt 58,500.00 59,726.00 61,077.00 6,014.00 4,124.00
      Other Non-Current Liabilities 41,009.00 53,175.00 51,665.00 17,863.00 19,059.00
Equity 390,601.00 315,762.00 299,514.00 304,435.00 291,475.00
   Shareholders Equity 390,601.00 315,762.00 299,514.00 304,435.00 291,475.00
      Capital Stock 3,199.00 2,743.00 2,736.00 2,733.00 2,733.00
      Share Premium 1,014,112.00 947,500.00 944,657.00 943,294.00 941,904.00
      Retained Earnings -623,540.00 -631,638.00 -641,468.00 -635,472.00 -647,236.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -3,170.00 -2,843.00 -6,411.00 -6,120.00 -5,926.00
   Minority Interest 0 0 0 0 0
Debt 65,032.00 66,020.00 66,942.00 8,571.00 9,282.00
Common Shares Outstanding 64,270.72 57,196.20 57,064.35 57,017.03 57,017.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 117,691.00 104,970.00 92,037.00 78,128.00 74,611.00
Cost Of Revenue 82,960.00 73,043.00 63,639.00 47,107.00 46,928.00
Non-Interest Expense 15,897.00 14,508.00 14,986.00 12,849.00 12,777.00
Gross Profit 34,731.00 31,927.00 28,398.00 31,021.00 27,683.00
Operating Expenses 27,185.00 26,243.00 31,145.00 27,872.00 20,938.00
   Selling, General and Administrative Expenses 15,897.00 14,508.00 14,986.00 12,849.00 12,777.00
   Research and Development Expenses 11,494.00 12,309.00 11,621.00 10,108.00 9,481.00
   Other Operating Expenses -206.00 -574.00 4,538.00 1,566.00 -1,320.00
Operating Income 7,546.00 5,684.00 -2,747.00 3,149.00 6,745.00
EBT 6,554.00 4,434.00 -3,683.00 12,833.00 7,407.00
Income Tax -1,544.00 -5,396.00 2,313.00 1,069.00 588.00
Net Income Including Non-Controlling Interests 8,098.00 9,830.00 -5,996.00 11,764.00 6,819.00
Net Income 8,098.00 9,830.00 -5,996.00 11,764.00 6,819.00
EBIT 7,546.00 5,684.00 -2,747.00 14,775.00 6,745.00
Deprecation and Amortization 6,360.00 6,037.00 3,905.00 3,012.00 3,209.00
EBITDA 13,906.00 11,721.00 1,158.00 17,787.00 9,954.00
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 58,477.58 57,124.57 57,037.67 57,017.03 57,017.03
Average Shares Outstanding Diluted 59,852.66 57,341.14 57,037.67 57,017.03 57,017.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 28,444.00 5,143.00 -6,612.00 16,282.00 14,695.00
   Operating Net Income 8,098.00 9,830.00 -5,996.00 11,764.00 6,819.00
   Deprecation and Amortization 6,360.00 6,037.00 3,905.00 3,012.00 3,209.00
   Deferred Income Tax 0 -6,217.00 1,984.00 0 0
   Share Based Compensation 1,651.00 392.00 1,681.00 926.00 1,912.00
   Change in Working Capital 12,414.00 -4,845.00 -8,164.00 -1,182.00 2,832.00
   Other Operating Activities 0 -54.00 -22.00 0 0
Investing Cash Flow -4,004.00 -3,766.00 -108,933.00 -2,515.00 -1,445.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -4,004.00 -2,766.00 -1,490.00 -2,515.00 -1,445.00
   Net Purchase/Sale of Investments Net 0 0 -2,500.00 0 0
   Net Purchase/Sale of Business 0 0 -104,943.00 0 0
   Other Investing Activities 0 0 0.00 0 0
Financing Cash Flow 64,741.00 -750.00 58,970.00 -3,381.00 2,598.00
   Net Issuance/Repayment of Debt -750.00 -750.00 58,970.00 -2,727.00 2,598.00
   Net Issuance/Repurchase of Equity 65,325.00 0 0 0 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 166.00 0 0 0 0.00
Net Change in Cash 89,181.00 627.00 -56,575.00 10,386.00 15,848.00
   Cash at Beginning of Period 65,417.00 64,266.00 120,249.00 110,759.00 94,751.00
   Cash at End of Period 154,896.00 65,417.00 64,266.00 120,249.00 110,759.00
Free Cash Flow 24,440.00 2,377.00 -8,102.00 13,767.00 13,250.00