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Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 39.03 | 33.70 | 43.57 | 43.51 |
| Price to Sales | 0.35 | 0.67 | 0.79 | 0.88 |
| Book Value Per Common Share | 12.31 | 12.29 | 11.37 | 10.50 |
| Price to Book | 1.27 | 2.19 | 2.57 | 2.69 |
| Price to Operating Cash Flow | 13.76 | 8.77 | 15.23 | 16.35 |
| Price to Free Cash Flow | -16.23 | 23.88 | 73.51 | 83.47 |
| Enterprise Value to EBITDA | 78942.53 | 124444.85 | 164724.29 | 166816.79 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 133.75 | 248.40 | -58.25 | 780.50 | 70.20 |
| Price to Sales | 1.35 | 1.03 | 1.21 | 1.38 | 1.56 |
| Book Value Per Common Share | 12.21 | 12.10 | 12.04 | 12.31 | 12.43 |
| Price to Book | 1.31 | 1.03 | 1.16 | 1.27 | 1.41 |
| Price to Operating Cash Flow | 91.19 | 16.54 | 23.13 | 38.50 | 74.97 |
| Price to Free Cash Flow | -58.07 | 144.25 | -214.75 | -57.10 | -66.15 |
| Enterprise Value to EBITDA | 275673.04 | 270136.69 | 1621441.12 | 366592.92 | 249966.95 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -50.00 | 19.40 | 3.08 | |
| Revenue YoY | 10.13 | 10.94 | 16.19 | |
| EBITDA YoY | -10.52 | 24.19 | 6.19 | |
| Net Profit YoY | -50.32 | 22.11 | 4.40 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 140.00 | -92.00 | |||
| Revenue YoY | -0.98 | 4.82 | 2.52 | -0.93 | |
| EBITDA YoY | 26.67 | 433.79 | -79.60 | -40.20 | |
| Net Profit YoY | 133.92 | -90.44 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 0.64 | 1.16 | 1.06 | 1.46 |
| Quick Ratio | 0.24 | 0.35 | 0.42 | 0.63 |
| Current Ratio | 1.44 | 1.35 | 1.67 | 1.86 |
| Debt to Equity | 1.65 | 1.44 | 1.50 | 1.65 |
| Long-Term Debt to Equity | 1.36 | 1.12 | 1.24 | 1.41 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.53 | 0.56 | 0.52 | 0.65 | 0.70 |
| Quick Ratio | 0.18 | 0.18 | 0.19 | 0.24 | 0.25 |
| Current Ratio | 1.30 | 1.21 | 1.25 | 1.44 | 1.46 |
| Debt to Equity | 1.81 | 1.80 | 1.77 | 1.65 | 1.56 |
| Long-Term Debt to Equity | 1.48 | 1.45 | 1.44 | 1.36 | 1.27 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 1.24 | 2.68 | 2.35 | 2.33 |
| ROE | 3.30 | 6.51 | 5.86 | 6.17 |
| Gross Margin | 30.24 | 31.28 | 30.52 | 30.81 |
| Operating Margin | 1.92 | 3.20 | 2.65 | 2.98 |
| EBITDA Margin | 4.40 | 5.42 | 4.84 | 5.29 |
| Net Profit Margin | 0.90 | 2.00 | 1.82 | 2.02 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.34 | 0.15 | -0.71 | 0.07 | 0.77 |
| ROE | 0.97 | 0.42 | -1.98 | 0.19 | 1.97 |
| Gross Margin | 30.40 | 30.57 | 30.42 | 29.50 | 31.12 |
| Operating Margin | 2.03 | 1.17 | -1.91 | 1.14 | 3.74 |
| EBITDA Margin | 4.89 | 3.82 | 0.75 | 3.77 | 6.25 |
| Net Profit Margin | 0.99 | 0.42 | -2.07 | 0.21 | 2.18 |
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 | 0.02 | 0.16 | 0.30 |
| 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 | 3,173,821.00 | 2,969,586.00 | 2,772,404.00 | 2,669,808.00 |
| Current Assets | 503,898.00 | 516,551.00 | 467,357.00 | 442,745.00 |
| Cash and Short-Term Investments | 62,828.00 | 114,987.00 | 102,728.00 | 140,085.00 |
| Cash and Cash Equivalents | 62,828.00 | 114,987.00 | 102,728.00 | 140,085.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 20,217.00 | 19,128.00 | 15,173.00 | 10,378.00 |
| Inventory | 394,152.00 | 349,993.00 | 334,319.00 | 275,502.00 |
| Other Current Assets | 26,701.00 | 32,443.00 | 15,137.00 | 16,780.00 |
| Non-Current Assets | 2,669,923.00 | 2,453,035.00 | 2,305,047.00 | 2,227,063.00 |
| Property, Plant, Equipment Net | 1,765,101.00 | 1,588,172.00 | 1,462,909.00 | 1,397,539.00 |
| Goodwill | 782,734.00 | 747,943.00 | 747,943.00 | 747,943.00 |
| Intangible Assets | 78,778.00 | 78,556.00 | 63,993.00 | 51,921.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 29,660.00 |
| Liabilities | 1,976,437.00 | 1,750,247.00 | 1,662,190.00 | 1,660,536.00 |
| Current Liabilities | 349,624.00 | 383,965.00 | 280,514.00 | 237,906.00 |
| Payables and Expenses | 242,032.00 | 289,817.00 | 198,734.00 | 178,320.00 |
| Account Payables | 175,871.00 | 209,354.00 | 137,631.00 | 122,110.00 |
| Current Accrued Liabilities | 55,240.00 | 66,655.00 | 53,213.00 | 49,025.00 |
| Short-Term Debt | 87,905.00 | 69,399.00 | 54,586.00 | 51,136.00 |
| Other Current Liabilities | 19,687.00 | 24,749.00 | 27,194.00 | 8,450.00 |
| Non-Current Liabilities | 1,626,813.00 | 1,366,282.00 | 1,381,676.00 | 1,422,630.00 |
| Long-Term Debt | 1,568,721.00 | 1,325,414.00 | 1,360,409.00 | 1,413,214.00 |
| Other Non-Current Liabilities | 58,092.00 | 40,868.00 | 21,267.00 | 9,416.00 |
| Equity | 1,197,384.00 | 1,219,339.00 | 1,110,214.00 | 1,009,272.00 |
| Shareholders Equity | 1,197,384.00 | 1,219,339.00 | 1,110,214.00 | 1,009,272.00 |
| Capital Stock | 97.00 | 99.00 | 98.00 | 96.00 |
| Share Premium | 815,858.00 | 877,276.00 | 847,589.00 | 811,701.00 |
| Retained Earnings | 381,429.00 | 341,964.00 | 262,527.00 | 197,475.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 1,656,626.00 | 1,394,813.00 | 1,414,995.00 | 1,464,350.00 |
| Net Debt | 414,674.00 | 177,745.00 | 276,922.00 | 311,383.00 |
| Common Shares Outstanding | 97,262.56 | 99,223.86 | 97,674.36 | 96,144.43 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 4,371,501.00 | 3,969,453.00 | 3,578,101.00 | 3,079,582.00 |
| Cost Of Revenue | 3,049,564.00 | 2,727,774.00 | 2,486,002.00 | 2,130,796.00 |
| Interest Income | 6,723.00 | 7,631.00 | 3,389.00 | 1,321.00 |
| Interest Expense | 27,969.00 | 22,908.00 | 19,092.00 | 14,374.00 |
| Non-Interest Expense | 1,243,610.00 | 1,115,897.00 | 997,109.00 | 859,691.00 |
| Gross Profit | 1,321,937.00 | 1,241,679.00 | 1,092,099.00 | 948,786.00 |
| Operating Expenses | 1,243,610.00 | 1,115,897.00 | 997,109.00 | 859,691.00 |
| Selling, General and Administrative Expenses | 1,243,610.00 | 1,115,897.00 | 997,109.00 | 859,691.00 |
| Operating Income | 78,327.00 | 125,782.00 | 94,990.00 | 89,095.00 |
| EBT | 56,171.00 | 104,081.00 | 75,749.00 | 77,501.00 |
| Income Tax | 16,706.00 | 24,644.00 | 10,697.00 | 15,191.00 |
| Net Income Including Non-Controlling Interests | 39,465.00 | 79,437.00 | 65,052.00 | 62,310.00 |
| Net Income | 39,465.00 | 79,437.00 | 65,052.00 | 62,310.00 |
| EBIT | 84,140.00 | 126,989.00 | 94,841.00 | 91,875.00 |
| Deprecation and Amortization | 108,206.00 | 87,982.00 | 78,251.00 | 71,124.00 |
| EBITDA | 192,346.00 | 214,971.00 | 173,092.00 | 162,999.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 98,707.00 | 98,709.00 | 96,812.00 | 95,725.00 |
| Average Shares Outstanding Diluted | 99,615.00 | 100,831.00 | 100,162.00 | 99,418.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 111,963.00 | 303,447.00 | 185,511.00 | 165,587.00 |
| Operating Net Income | 39,465.00 | 79,437.00 | 65,052.00 | 62,310.00 |
| Deprecation and Amortization | 108,206.00 | 87,982.00 | 78,251.00 | 71,124.00 |
| Deferred Income Tax | 12,123.00 | 18,819.00 | 10,367.00 | 12,944.00 |
| Share Based Compensation | 10,516.00 | 31,091.00 | 32,556.00 | 17,615.00 |
| Change in Working Capital | -85,793.00 | 70,307.00 | -16,679.00 | -15,867.00 |
| Other Operating Activities | 27,446.00 | 15,811.00 | 15,964.00 | 17,461.00 |
| Investing Cash Flow | -274,028.00 | -194,165.00 | -149,931.00 | -136,713.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -186,611.00 | -168,990.00 | -130,482.00 | -123,384.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | -60,526.00 | 0 | 0 | 0 |
| Other Investing Activities | -26,891.00 | -25,175.00 | -19,449.00 | 0 |
| Financing Cash Flow | 109,906.00 | -97,023.00 | -72,937.00 | 5,885.00 |
| Net Issuance/Repayment of Debt | 182,416.00 | -92,023.00 | -76,271.00 | -1,155.00 |
| Net Issuance/Repurchase of Equity | -81,355.00 | -5,893.00 | -3,451.00 | 0 |
| Dividends Paid | 0 | -15.00 | -105.00 | -186.00 |
| Other Financing Activities | 8,845.00 | 908.00 | 6,890.00 | 7,226.00 |
| Net Change in Cash | -52,159.00 | 12,259.00 | -37,357.00 | 34,759.00 |
| Cash at Beginning of Period | 114,987.00 | 102,728.00 | 140,085.00 | 105,326.00 |
| Cash at End of Period | 62,828.00 | 114,987.00 | 102,728.00 | 140,085.00 |
| Free Cash Flow | -94,953.00 | 111,457.00 | 38,443.00 | 32,431.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 3,368,638.00 | 3,322,376.00 | 3,271,437.00 | 3,173,821.00 | 3,138,517.00 |
| Current Assets | 517,458.00 | 501,535.00 | 484,910.00 | 503,898.00 | 513,972.00 |
| Cash and Short-Term Investments | 52,125.00 | 55,190.00 | 50,910.00 | 62,828.00 | 68,653.00 |
| Cash and Cash Equivalents | 52,125.00 | 55,190.00 | 50,910.00 | 62,828.00 | 68,653.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 19,152.00 | 20,723.00 | 21,306.00 | 20,217.00 | 17,775.00 |
| Inventory | 417,846.00 | 398,225.00 | 386,170.00 | 394,152.00 | 396,893.00 |
| Other Current Assets | 28,335.00 | 27,397.00 | 26,524.00 | 26,701.00 | 30,651.00 |
| Non-Current Assets | 2,851,180.00 | 2,820,841.00 | 2,786,527.00 | 2,669,923.00 | 2,624,545.00 |
| Property, Plant, Equipment Net | 1,941,915.00 | 1,912,159.00 | 1,879,529.00 | 1,765,101.00 | 1,728,264.00 |
| Goodwill | 782,835.00 | 782,835.00 | 782,835.00 | 782,734.00 | 776,585.00 |
| Intangible Assets | 80,098.00 | 80,681.00 | 79,951.00 | 78,778.00 | 77,256.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 46,332.00 | 45,166.00 | 44,212.00 | 43,310.00 | 42,440.00 |
| Liabilities | 2,170,031.00 | 2,135,534.00 | 2,091,858.00 | 1,976,437.00 | 1,912,466.00 |
| Current Liabilities | 398,694.00 | 414,988.00 | 388,693.00 | 349,624.00 | 352,284.00 |
| Payables and Expenses | 272,023.00 | 293,805.00 | 275,431.00 | 242,032.00 | 260,481.00 |
| Account Payables | 196,723.00 | 211,949.00 | 193,826.00 | 175,871.00 | 197,231.00 |
| Current Accrued Liabilities | 62,452.00 | 72,338.00 | 70,696.00 | 55,240.00 | 52,125.00 |
| Short-Term Debt | 99,218.00 | 95,327.00 | 90,854.00 | 87,905.00 | 76,034.00 |
| Other Current Liabilities | 27,453.00 | 25,856.00 | 22,408.00 | 19,687.00 | 15,769.00 |
| Non-Current Liabilities | 1,771,337.00 | 1,720,546.00 | 1,703,165.00 | 1,626,813.00 | 1,560,182.00 |
| Long-Term Debt | 1,712,181.00 | 1,666,717.00 | 1,650,471.00 | 1,568,721.00 | 1,505,622.00 |
| Other Non-Current Liabilities | 59,156.00 | 53,829.00 | 52,694.00 | 58,092.00 | 54,560.00 |
| Equity | 1,198,607.00 | 1,186,842.00 | 1,179,579.00 | 1,197,384.00 | 1,226,051.00 |
| Shareholders Equity | 1,198,607.00 | 1,186,842.00 | 1,179,579.00 | 1,197,384.00 | 1,226,051.00 |
| Capital Stock | 98.00 | 98.00 | 98.00 | 97.00 | 99.00 |
| Share Premium | 823,831.00 | 823,671.00 | 821,369.00 | 815,858.00 | 846,834.00 |
| Retained Earnings | 374,678.00 | 363,073.00 | 358,112.00 | 381,429.00 | 379,118.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 1,811,399.00 | 1,762,044.00 | 1,741,325.00 | 1,656,626.00 | 1,581,656.00 |
| Net Debt | 448,174.00 | 418,760.00 | 424,816.00 | 414,674.00 | 360,626.00 |
| Common Shares Outstanding | 98,137.23 | 98,103.29 | 98,005.07 | 97,262.56 | 98,643.58 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 1,168,153.00 | 1,179,772.00 | 1,125,567.00 | 1,097,854.00 | 1,108,183.00 |
| Cost Of Revenue | 813,017.00 | 819,079.00 | 783,122.00 | 773,974.00 | 763,311.00 |
| Interest Income | 1,157.00 | 1,232.00 | 1,290.00 | 1,317.00 | 1,390.00 |
| Interest Expense | 7,634.00 | 7,549.00 | 7,582.00 | 8,072.00 | 7,601.00 |
| Non-Interest Expense | 331,016.00 | 336,764.00 | 331,078.00 | 312,507.00 | 304,586.00 |
| Gross Profit | 355,136.00 | 360,693.00 | 342,445.00 | 323,880.00 | 344,872.00 |
| Operating Expenses | 331,016.00 | 336,764.00 | 331,078.00 | 312,507.00 | 304,586.00 |
| Selling, General and Administrative Expenses | 331,016.00 | 336,764.00 | 331,078.00 | 312,507.00 | 304,586.00 |
| Operating Income | 24,120.00 | 23,929.00 | 11,367.00 | 11,373.00 | 40,286.00 |
| EBT | 16,119.00 | 6,228.00 | -29,028.00 | 4,391.00 | 33,847.00 |
| Income Tax | 4,514.00 | 1,267.00 | -5,711.00 | 2,080.00 | 9,669.00 |
| Net Income Including Non-Controlling Interests | 11,605.00 | 4,961.00 | -23,317.00 | 2,311.00 | 24,178.00 |
| Net Income | 11,605.00 | 4,961.00 | -23,317.00 | 2,311.00 | 24,178.00 |
| EBIT | 23,753.00 | 13,777.00 | -21,446.00 | 12,463.00 | 41,448.00 |
| Deprecation and Amortization | 33,390.00 | 31,334.00 | 29,897.00 | 28,957.00 | 27,815.00 |
| EBITDA | 57,143.00 | 45,111.00 | 8,451.00 | 41,420.00 | 69,263.00 |
| 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 | 98,160.00 | 98,081.00 | 97,521.00 | 97,407.00 | 98,359.00 |
| Average Shares Outstanding Diluted | 98,705.00 | 98,460.00 | 97,521.00 | 98,021.00 | 98,933.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 17,276.00 | 73,625.00 | 58,938.00 | 39,498.00 | 23,027.00 |
| Operating Net Income | 11,605.00 | 4,961.00 | -23,317.00 | 2,311.00 | 24,178.00 |
| Deprecation and Amortization | 33,390.00 | 31,334.00 | 29,897.00 | 28,957.00 | 27,815.00 |
| Deferred Income Tax | 5,110.00 | 1,135.00 | -5,828.00 | -1,699.00 | 11,745.00 |
| Share Based Compensation | -10.00 | 1,960.00 | 5,458.00 | -6,290.00 | 1,663.00 |
| Change in Working Capital | -37,822.00 | 17,788.00 | 45,183.00 | -2,931.00 | -45,735.00 |
| Other Operating Activities | 5,003.00 | 16,447.00 | 7,545.00 | 19,150.00 | 3,361.00 |
| Investing Cash Flow | -46,415.00 | -67,472.00 | -68,684.00 | -68,350.00 | -50,392.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -38,844.00 | -59,217.00 | -60,452.00 | -59,111.00 | -42,369.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 248.00 |
| Other Investing Activities | -7,571.00 | 0 | 0 | -9,239.00 | -8,271.00 |
| Financing Cash Flow | 26,074.00 | -1,873.00 | -2,172.00 | 23,027.00 | 28,953.00 |
| Net Issuance/Repayment of Debt | 25,904.00 | -2,215.00 | -2,225.00 | 47,489.00 | 49,471.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | -25,047.00 | -25,034.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 585.00 | 4,516.00 |
| Net Change in Cash | -3,065.00 | 4,280.00 | -11,918.00 | -5,825.00 | 1,588.00 |
| Cash at Beginning of Period | 55,190.00 | 50,910.00 | 62,828.00 | 68,653.00 | 67,065.00 |
| Cash at End of Period | 52,125.00 | 55,190.00 | 50,910.00 | 62,828.00 | 68,653.00 |
| Free Cash Flow | -27,135.00 | 8,441.00 | -6,348.00 | -26,631.00 | -26,097.00 |