Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-09-30 2021-09-30
Price to Earnings -60.50 -8.00 -21.08 -11.11
Price to Sales 19.12 70.33 92.70 877.19
Book Value Per Common Share 3.28 3.58 3.73 3.11
Price to Book 0.37 0.41 0.68 1.61
Price to Operating Cash Flow 76.10 -31.14 -18.98 -14.04
Price to Free Cash Flow -4.43 -6.02 -9.38 -7.86
Enterprise Value to EBITDA 1061066.21
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -386.00 -144.00 68.00
Price to Sales 158.85 98.66 78.26 61.42 111.48
Book Value Per Common Share 3.26 3.27 3.27 3.28 3.31
Price to Book 1.18 0.68 0.44 0.37 0.41
Price to Operating Cash Flow 269.93 350.79 98.63 163.51 -6800.00
Price to Free Cash Flow 269.93 350.79 900.00 252.08 -6800.00
Enterprise Value to EBITDA 3619549.45 2506795.28 1638895.45 4962721.73

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-09-30 2021-09-30
Earning YoY
Revenue YoY 231.46 -22.72 1954.17
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY 8.50 21.83 -6.47 62.86
EBITDA YoY 21.59 0.47 260.96
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-09-30 2021-09-30
Cash Per Common Share 0.02 0.01 0.10 0.33
Quick Ratio 1.52 1.44 2.35 1.92
Current Ratio 1.52 1.44 2.35 1.92
Debt to Equity 0.32 0.33 0.28 0.24
Long-Term Debt to Equity 0.31 0.32 0.27 0.21
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.03 0.02 0.02 0.01 0.02
Quick Ratio 2.02 1.56 1.41 1.52 1.63
Current Ratio 2.02 1.56 1.41 1.52 1.63
Debt to Equity 0.32 0.33 0.33 0.32 0.32
Long-Term Debt to Equity 0.31 0.32 0.32 0.31 0.31

Profitability

Breakdown 2024-12-31 2023-12-31 2022-09-30 2021-09-30
ROA -0.46 -3.87 -2.52 -5.37
ROE -0.61 -5.14 -3.23 -6.66
Gross Margin 65.63 69.06 55.48 14.58
Operating Margin -13.28 -1018.70 -424.14 -7815.63
EBITDA Margin 19.21 -985.47 -377.79 -7727.60
Net Profit Margin -33.76 -877.82 -439.81 -7815.63
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -0.15 -0.11 -0.17 -0.43 0.46
ROE -0.20 -0.15 -0.22 -0.57 0.61
Gross Margin 70.44 82.06 92.48 39.23 76.31
Operating Margin 22.88 27.91 44.23 -41.01 -25.97
EBITDA Margin 44.12 39.37 47.74 12.37 -1.31
Net Profit Margin -27.31 -21.68 -39.77 -95.17 166.17

Dividends

Breakdown 2024-12-31 2023-12-31 2022-09-30 2021-09-30
Dividend Yield 0.00 0.00
Dividend Payout Ratio -9.71 -23.24
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 2022-09-30 2021-09-30
Assets 737,515.00 690,994.00 688,614.00 279,499.00
   Current Assets 5,871.00 5,546.00 16,957.00 13,301.00
      Cash and Short-Term Investments 2,481.00 1,785.00 14,247.00 11,023.00
            Cash and Cash Equivalents 2,267.00 1,443.00 7,048.00 9,905.00
            Short-Term Investments 214.00 342.00 7,199.00 1,118.00
      Net Receivables 3,390.00 3,761.00 2,710.00 2,278.00
      Inventory 0 0 0 0
      Other Current Assets 0.00 0.00 0.00 0.00
   Non-Current Assets 731,644.00 685,448.00 671,657.00 266,198.00
      Property, Plant, Equipment Net 717,780.00 671,722.00 668,288.00 264,545.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 2,885.00 3,268.00 3,016.00 1,587.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 10,979.00 10,458.00 353.00 66.00
Liabilities 179,212.00 170,044.00 152,395.00 54,181.00
   Current Liabilities 3,859.00 3,851.00 7,211.00 6,921.00
      Payables and Expenses 3,859.00 3,851.00 6,683.00 6,921.00
            Account Payables 0 0 0 6,884.68
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 0 0 0 36.31
      Other Current Liabilities 0 0 0 -36.31
   Non-Current Liabilities 175,353.00 166,193.00 145,184.00 47,260.00
      Long-Term Debt 49,999.00 33,058.00 9,661.00 11.00
      Other Non-Current Liabilities 125,354.00 133,135.00 135,523.00 47,249.00
Equity 558,303.00 520,950.00 536,219.00 225,318.00
   Shareholders Equity 558,303.00 520,950.00 536,219.00 225,318.00
      Capital Stock 595,811.00 556,177.00 551,074.00 228,620.00
      Share Premium 0 0 0 0
      Retained Earnings -73,227.00 -69,816.00 -36,525.00 -15,147.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 35,719.00 34,589.00 21,670.00 11,845.00
   Minority Interest 0 0 0 0
Debt 49,999.00 33,058.00 9,661.00 11.00
Net Debt 47,551.00 31,351.00 2,357.00 0
Common Shares Outstanding 170,205.12 145,669.05 143,913.07 72,538.61
Breakdown 2024-12-31 2023-12-31 2022-09-30 2021-09-30
Revenues 10,103.00 3,048.00 3,944.00 192.00
Cost Of Revenue 3,472.00 943.00 1,756.00 164.00
Interest Income 0 0 0 67.35
Interest Expense 8,043.00 1,839.00 633.00 0
Non-Interest Expense 10,562.00 10,810.00 19,553.00 12,609.00
Gross Profit 6,631.00 2,105.00 2,188.00 28.00
Operating Expenses 10,641.00 10,880.00 19,625.00 12,609.00
   Selling, General and Administrative Expenses 10,562.00 10,810.00 19,553.00 12,609.00
   Other Operating Expenses 0 0 1,347.00 12.52
Operating Income -4,010.00 -8,775.00 -17,437.00 -12,581.00
Net Non-Operating Income 1,777.00 293.00 337.00 67.00
EBT -9,385.00 -32,889.00 -17,361.00 -15,006.00
Income Tax -5,974.00 -6,133.00 -15.00 0
Net Income Including Non-Controlling Interests -3,411.00 -26,756.00 -17,346.00 -15,006.00
Net Income -3,411.00 -26,756.00 -17,346.00 -15,006.00
EBIT -1,342.00 -31,050.00 -16,728.00 -15,006.00
Deprecation and Amortization 3,283.00 1,013.00 1,828.00 169.00
EBITDA 1,941.00 -30,037.00 -14,900.00 -14,837.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 159,516.30 145,669.05 143,913.07 33,555.26
Average Shares Outstanding Diluted 159,516.30 145,669.05 143,913.07 33,555.26
Breakdown 2024-12-31 2023-12-31 2022-09-30 2021-09-30
Operating Cash Flow 2,543.00 -6,876.00 -19,262.00 -11,950.00
   Operating Net Income -3,411.00 -26,756.00 -17,346.00 -15,006.00
   Deprecation and Amortization 3,283.00 1,013.00 1,828.00 169.00
   Deferred Income Tax -6,480.00 -6,183.00 -129.00 0
   Share Based Compensation 2,338.00 2,806.00 3,146.00 2,995.00
   Change in Working Capital 1,342.00 -1,827.00 -6,116.00 -1,695.00
   Other Operating Activities 5,471.00 24,071.00 -645.00 1,587.00
Investing Cash Flow -44,068.00 -33,488.00 10,579.00 -69,165.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -44,323.00 -26,866.00 -18,080.00 -9,392.00
   Net Purchase/Sale of Investments Net 174.00 -6,692.00 16,860.00 -1,587.00
   Net Purchase/Sale of Business 0 0 9,984.00 -58,247.00
   Other Investing Activities 81.00 70.00 1,815.00 61.00
Financing Cash Flow 42,349.00 35,960.00 5,825.00 90,946.00
   Net Issuance/Repayment of Debt 14,534.00 38,283.00 9,343.00 0
   Net Issuance/Repurchase of Equity 31,976.00 1,391.00 856.00 90,984.00
   Dividends Paid 0 -2,599.00 -4,032.00 0
   Other Financing Activities -4,161.00 -1,115.00 -342.00 -38.00
Net Change in Cash 824.00 -4,404.00 -2,858.00 9,831.00
   Cash at Beginning of Period 1,443.00 5,847.00 9,905.00 38.00
   Cash at End of Period 2,267.00 1,443.00 7,048.00 9,905.00
Free Cash Flow -43,555.00 -35,577.00 -38,972.00 -21,342.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 740,525.00 740,246.00 739,884.00 737,515.00 739,416.00
   Current Assets 9,913.00 7,198.00 6,272.00 5,871.00 5,960.00
      Cash and Short-Term Investments 5,664.00 3,234.00 3,354.00 2,481.00 2,713.00
            Cash and Cash Equivalents 4,484.00 3,054.00 3,214.00 2,267.00 2,518.00
            Short-Term Investments 1,180.00 180.00 140.00 214.00 195.00
      Net Receivables 4,249.00 3,964.00 2,918.00 3,390.00 3,247.00
      Inventory 0 0 0 0 0
      Other Current Assets 0.00 0.00 0.00 0.00 0.00
   Non-Current Assets 730,612.00 733,048.00 733,612.00 731,644.00 733,456.00
      Property, Plant, Equipment Net 718,351.00 719,201.00 719,833.00 717,780.00 719,325.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 1,464.00 2,893.00 2,855.00 2,885.00 3,168.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 10,797.00 10,954.00 10,924.00 10,979.00 10,963.00
Liabilities 180,521.00 181,845.00 181,837.00 179,212.00 178,662.00
   Current Liabilities 4,896.00 4,628.00 4,453.00 3,859.00 3,654.00
      Payables and Expenses 4,896.00 4,628.00 4,453.00 3,859.00 3,654.00
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 175,625.00 177,217.00 177,384.00 175,353.00 175,008.00
      Long-Term Debt 50,921.00 52,170.00 51,770.00 49,999.00 49,141.00
      Other Non-Current Liabilities 124,704.00 125,047.00 125,614.00 125,354.00 125,867.00
Equity 560,004.00 558,401.00 558,047.00 558,303.00 560,754.00
   Shareholders Equity 560,004.00 558,401.00 558,047.00 558,303.00 560,754.00
      Capital Stock 598,993.00 596,874.00 596,392.00 595,811.00 594,474.00
      Share Premium 0 0 0 0 0
      Retained Earnings -76,437.00 -75,304.00 -74,475.00 -73,227.00 -70,034.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 37,448.00 36,831.00 36,130.00 35,719.00 36,314.00
   Minority Interest 0 0 0 0 0
Debt 50,921.00 52,170.00 51,770.00 49,999.00 49,141.00
Net Debt 46,316.00 48,971.00 48,382.00 47,551.00 46,414.00
Common Shares Outstanding 171,599.23 170,709.41 170,487.29 170,205.12 169,314.42
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 4,148.00 3,823.00 3,138.00 3,355.00 2,060.00 0
Cost Of Revenue 1,226.00 686.00 236.00 2,039.00 488.00 0
Interest Expense 2,292.00 2,236.00 2,205.00 2,188.00 2,166.00 0
Non-Interest Expense 2,331.00 2,471.00 2,512.00 3,173.00 2,408.00 0
Gross Profit 2,922.00 3,137.00 2,902.00 1,316.00 1,572.00 0
Operating Expenses 2,350.00 2,491.00 2,531.00 3,205.00 2,428.00 0
   Selling, General and Administrative Expenses 2,331.00 2,471.00 2,512.00 3,173.00 2,408.00 0
   Other Operating Expenses 0 0 0 0 15.00 13.00
Operating Income 572.00 646.00 371.00 -1,889.00 -856.00 0
Net Non-Operating Income -54.00 398.00 299.00 346.00 422.00 0
EBT -1,343.00 -1,169.00 -817.00 -3,564.00 -2,701.00 0
Income Tax -210.00 -340.00 431.00 -371.00 -6,124.00 0
Net Income Including Non-Controlling Interests -1,133.00 -829.00 -1,248.00 -3,193.00 3,423.00 0
Net Income -1,133.00 -829.00 -1,248.00 -3,193.00 3,423.00 0
EBIT 949.00 1,067.00 1,388.00 -1,376.00 -535.00 0
Deprecation and Amortization 881.00 438.00 110.00 1,791.00 508.00 0
EBITDA 1,830.00 1,505.00 1,498.00 415.00 -27.00 0
EPS -0.00 0 -0.00 0 0.00 -0.00
Diluted EPS -0.00 0 -0.00 0 0.00 -0.00
Average Shares Outstanding Basic 170,913.11 170,553.64 170,325.91 0 169,152.64 153,412.81
Average Shares Outstanding Diluted 170,913.11 170,553.64 170,325.91 0 170,233.75 153,412.81
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 2,438.00 1,069.00 2,487.00 1,262.00 -42.00
   Operating Net Income -1,133.00 -829.00 -1,248.00 -3,193.00 3,423.00
   Deprecation and Amortization 881.00 438.00 110.00 1,791.00 508.00
   Deferred Income Tax -210.00 -387.00 360.00 -291.00 -5,891.00
   Share Based Compensation 561.00 650.00 692.00 839.00 445.00
   Change in Working Capital 101.00 -997.00 1,055.00 310.00 -672.00
   Other Operating Activities 2,238.00 2,194.00 1,518.00 1,806.00 2,145.00
Investing Cash Flow 448.00 228.00 -2,087.00 -233.00 424.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE 10.00 214.00 113.00 -248.00 366.00
   Net Purchase/Sale of Investments Net -14.00 7.00 0 0 51.00
   Net Purchase/Sale of Business 438.00 0 0 0 0
   Other Investing Activities 14.00 0 0 0 7.00
Financing Cash Flow -1,456.00 -1,457.00 547.00 -1,280.00 -1,448.00
   Net Issuance/Repayment of Debt -2,023.00 -25.00 1,812.00 -115.00 -23.00
   Net Issuance/Repurchase of Equity 1,779.00 72.00 0 -260.00 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -1,212.00 -1,504.00 0 -905.00 -1,425.00
Net Change in Cash 1,430.00 -160.00 947.00 -251.00 -1,066.00
   Cash at Beginning of Period 3,054.00 3,214.00 2,267.00 2,518.00 3,584.00
   Cash at End of Period 4,484.00 3,054.00 3,214.00 2,267.00 2,518.00
Free Cash Flow 2,438.00 1,069.00 278.00 810.00 -42.00