Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 19.44 12.15 13.15 8.89 18.13
Price to Sales 74.83 68.32 121.06
Book Value Per Common Share 25.40 24.44 22.73 24.34 22.85
Price to Book 0.96 0.88 1.35 1.00 1.02
Price to Operating Cash Flow 13.09 6.84 11.39 12.54 11.98
Price to Free Cash Flow 13.84 7.56 11.89 13.11 13.30
Enterprise Value to EBITDA 53440.37 54173.94 97257.75 58683.31 126132.32
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Price to Earnings 43.20 66.22 59.34 65.97 114.06 36.90 44.75 40.34
Price to Sales 12.50 14.36 278.06 13.64 242.07 375.44 360.06
Book Value Per Common Share 26.62 26.16 25.85 25.40 25.61 24.43 24.44 23.53 22.73 23.40 24.34 22.99 22.85
Price to Book 0.91 0.91 0.94 0.96 0.85 0.79 0.88 0.91 1.35 1.07 1.00 1.23 1.02
Price to Operating Cash Flow 32.76 36.03 42.98 30.91 52.35 32.11 80.48 111.71
Price to Free Cash Flow 33.68 38.78 45.77 32.16 56.25 40.08 86.18 117.91
Enterprise Value to EBITDA 204457.56 219353.45 228194.81 340143.83 264602.60

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -28.41 -24.46 -15.27 113.18
Revenue YoY 2.91 23.42
EBITDA YoY 13.07 24.62 -24.34 119.52
Net Profit YoY -29.95 -24.57 -16.48 110.51
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Earning YoY 55.56 -12.20 24.24 94.12 -70.69 3.57 -20.00
Revenue YoY 16.28 1799.16 -94.57 1865.39 39.40 -18.07
EBITDA YoY -6.86 27.33 -32.66
Net Profit YoY 56.93 -12.19 21.78 98.73 -71.90 3.54 -22.04

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 3.40 6.42 2.95 48.30 20.64
Quick Ratio
Current Ratio
Debt to Equity 7.23 7.41 7.75 7.70 7.06
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Cash Per Common Share 7.31 3.45 5.45 6.45 8.59 2.95 44.93 49.09 26.01 20.70
Quick Ratio
Current Ratio
Debt to Equity 6.76 6.96 7.09 7.23 7.18 7.37 7.41 7.76 7.75 8.11 7.70 7.50 7.06
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.61 0.86 1.17 1.32 0.70
ROE 5.01 7.24 10.26 11.47 5.68
Gross Margin 87.66 97.98 83.95
Operating Margin 1352.30 1205.77 1209.99
EBITDA Margin 1380.93 1256.88 1244.78
Net Profit Margin 383.32 563.15 921.50
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
ROA 0.27 0.17 0.20 0.16 0.08 0.28 0.26 0.36
ROE 2.12 1.38 1.58 1.31 0.68 2.48 2.41 3.06
Gross Margin 60.71 96.70 8.75 -46.54
Operating Margin 1338.99 1064.96 1574.65 1023.72
EBITDA Margin 1364.20 1099.93 1646.15 1059.28
Net Profit Margin 29.18 21.62 467.60 20.85 206.17 1022.85 809.38

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Dividend Yield 0.00 0.00 0.00
Dividend Payout Ratio 42.51 67.07 69.31

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 7,106,278.00 7,174,957.00 6,980,100.00 7,432,412.00 6,615,318.00
   Deposits 5,684,613.00 5,599,872.00 5,924,840.00 6,381,337.00 5,597,990.00
      Cash and Short-Term Investments 117,100.00 224,973.00 103,590.00 1,723,292.00 743,322.00
            Cash and Cash Equivalents 117,100.00 224,973.00 103,590.00 1,723,292.00 743,322.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 19,483.00 19,518.00 8,034,291.00 7,561,259.00 -50,767.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 93,980.00 98,499.00 99,630.00 106,970.00 103,452.00
      Goodwill 240,939.00 240,939.00 240,939.00 240,939.00 240,939.00
      Intangible Assets 3,153.00 4,793.00 7,227.00 9,977.00 13,088.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 6,242,751.00 6,321,696.00 6,182,207.00 6,577,980.00 5,794,879.00
      Payables and Expenses 0 0 0 0 0
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 383,000.00 500,000.00 0 0 0
      Other Current Liabilities 0 0 0 0 0
      Long-Term Debt 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0
Equity 863,527.00 853,261.00 797,893.00 854,432.00 820,439.00
   Shareholders Equity 863,527.00 853,261.00 797,893.00 854,432.00 820,439.00
      Capital Stock 531,674.00 549,748.00 552,397.00 551,798.00 571,021.00
      Share Premium 0 0 0 0 0
      Retained Earnings 387,097.00 375,989.00 345,346.00 293,238.00 224,400.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -55,244.00 -72,476.00 -99,850.00 9,396.00 25,018.00
   Minority Interest 0 0 0 0 0
Investments 764,394.00 1,873,795.00 8,246,536.00 6,371,118.00 802,163.00
Debt 405,058.00 521,765.00 21,473.00 21,180.00 20,887.00
Net Debt 287,958.00 296,792.00 0 0 0
Common Shares Outstanding 33,990.83 34,906.23 35,106.70 35,105.78 35,912.24
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 11,285.00 10,966.00 8,885.00 0 0
Cost Of Revenue 1,393.00 221.00 1,426.00 29,372.00 36,106.00
Interest Income 309,712.00 284,465.00 236,524.00 214,439.00 215,023.00
Interest Expense 100,348.00 59,310.00 8,072.00 7,042.00 13,323.00
Net Interest 207,238.00 223,107.00 219,385.00 205,789.00 200,997.00
Non-Interest Income 57,784.00 87,318.00 29,591.00 34,615.00 37,229.00
Non-Interest Expense -165,213.00 -173,360.00 -150,966.00 -149,269.00 -148,940.00
Provisions for Credit Losses -6,282.00 -4,280.00 -1,426.00 -29,372.00 36,106.00
Gross Profit 9,892.00 10,745.00 7,459.00 0 0
   Selling, General and Administrative Expenses 38,215.00 43,839.00 42,039.00 44,764.00 41,081.00
EBT 52,259.00 72,915.00 99,436.00 120,507.00 53,180.00
Income Tax 7,011.00 9,275.00 17,561.00 22,472.00 6,610.00
Net Income 43,258.00 61,755.00 81,875.00 98,035.00 46,570.00
EBIT 152,607.00 132,225.00 107,508.00 127,549.00 66,503.00
Deprecation and Amortization 3,231.00 5,604.00 3,091.00 18,628.00 87.00
EBITDA 155,838.00 137,829.00 110,599.00 146,177.00 66,590.00
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 34,465.32 35,022.25 35,103.46 35,677.85 36,014.44
Average Shares Outstanding Diluted 34,899.04 35,258.19 35,463.90 35,973.39 36,170.07
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 64,483.00 109,523.00 94,456.00 69,530.00 70,331.00
   Operating Net Income 43,258.00 61,755.00 81,875.00 98,035.00 46,570.00
   Deprecation and Amortization 3,231.00 5,604.00 3,091.00 -18,628.00 -87.00
   Deferred Income Tax -15,291.00 -13,204.00 871.00 1,576.00 -8,576.00
   Share Based Compensation 4,344.00 4,325.00 0 0 0
   Change in Working Capital 4,364.00 24,872.00 0 19,022.00 0
   Other Operating Activities 24,577.00 26,171.00 8,619.00 -30,475.00 32,424.00
Investing Cash Flow -85,903.00 -93,446.00 -1,207,779.00 163,763.00 -538,549.00
   Capital Expenditure -3,459.00 -10,376.00 -4,016.00 -3,018.00 -6,997.00
   Net Purchase/Sale of PPE -3,378.00 -10,298.00 -3,910.00 -2,953.00 -6,443.00
   Net Purchase/Sale of Investments Net 406,225.00 246,222.00 -963,533.00 -499,240.00 264,223.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Net Loan & Lease Activity -464,585.00 -280,664.00 -225,149.00 699,107.00 -692,720.00
   Other Investing Activities -20,706.00 -38,330.00 -11,171.00 -30,133.00 -96,612.00
Financing Cash Flow -86,453.00 105,306.00 -506,379.00 746,677.00 982,972.00
   Net Issuance/Repayment of Debt -117,000.00 453,403.00 -50,050.00 0 -64,000.00
   Net Issuance/Repurchase of Equity 22,418.00 6,974.00 3,196.00 22,889.00 19,241.00
   Dividends Paid 31,776.00 30,820.00 29,491.00 28,937.00 28,859.00
   Other Financing Activities -23,647.00 -385,891.00 -489,016.00 694,851.00 998,872.00
Net Change in Cash -107,873.00 121,383.00 -1,619,702.00 979,970.00 514,754.00
   Cash at Beginning of Period 224,973.00 103,590.00 1,723,292.00 743,322.00 228,568.00
   Cash at End of Period 117,100.00 224,973.00 103,590.00 1,723,292.00 743,322.00
Free Cash Flow 61,024.00 99,147.00 90,440.00 66,512.00 63,334.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Assets 7,011,879.00 7,070,641.00 7,129,862.00 7,106,278.00 7,153,363.00 7,091,283.00 7,174,957.00 7,236,806.00 6,980,100.00 7,483,814.00 7,432,412.00 7,028,392.00 6,615,318.00
   Deposits 0 0 5,845,335.00 5,684,613.00 0 5,532,327.00 5,599,872.00 5,789,022.00 5,924,840.00 6,491,500.00 6,381,337.00 6,019,698.00 5,597,990.00
      Cash and Short-Term Investments 0 0 248,660.00 117,100.00 0 189,647.00 224,973.00 301,481.00 103,590.00 1,576,722.00 1,723,292.00 934,316.00 743,322.00
            Cash and Cash Equivalents 245,491.00 254,096.00 248,660.00 117,100.00 175,572.00 189,647.00 224,973.00 301,481.00 103,590.00 1,576,722.00 1,723,292.00 934,316.00 743,322.00
            Short-Term Investments 561,874.00 585,218.00 0 0 852,779.00 0 0 0 0 0 0 0 0
      Net Receivables 19,146.00 18,559.00 19,651.00 19,483.00 20,102.00 19,898.00 19,518.00 18,548.00 8,034,291.00 7,576,272.00 7,561,259.00 9,082,735.00 -50,767.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 70,382.00 71,111.00 71,079.00 93,980.00 72,500.00 74,092.00 98,499.00 80,094.00 99,630.00 78,737.00 106,970.00 84,533.00 103,452.00
      Goodwill 240,939.00 240,939.00 240,939.00 240,939.00 240,939.00 240,939.00 240,939.00 240,939.00 240,939.00 240,939.00 240,939.00 240,939.00 240,939.00
      Intangible Assets 2,264.00 2,548.00 2,850.00 3,153.00 3,552.00 4,372.00 4,793.00 6,604.00 7,227.00 9,273.00 9,977.00 12,291.00 13,088.00
      Long-Term Investments 1,312,857.00 1,346,274.00 0 0 1,572,179.00 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 6,107,815.00 6,182,429.00 6,248,347.00 6,242,751.00 6,278,849.00 6,243,703.00 6,321,696.00 6,410,724.00 6,182,207.00 6,662,365.00 6,577,980.00 6,201,241.00 5,794,879.00
      Payables and Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
            Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 264,400.00 383,000.00 0 500,000.00 500,000.00 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Debt 160,277.00 285,404.00 0 0 403,985.00 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity 904,064.00 888,212.00 881,515.00 863,527.00 874,514.00 847,580.00 853,261.00 826,082.00 797,893.00 821,449.00 854,432.00 827,151.00 820,439.00
   Shareholders Equity 904,064.00 888,212.00 881,515.00 863,527.00 874,514.00 847,580.00 853,261.00 826,082.00 797,893.00 821,449.00 854,432.00 827,151.00 820,439.00
      Capital Stock 529,949.00 528,758.00 532,124.00 531,674.00 534,917.00 544,636.00 549,748.00 550,869.00 552,397.00 550,096.00 551,798.00 571,204.00 571,021.00
      Share Premium 0 0 0 0 0 0 0 0 0 0 0 0 0
      Retained Earnings 407,561.00 396,643.00 392,737.00 387,097.00 383,127.00 373,629.00 375,989.00 358,010.00 345,346.00 305,581.00 293,238.00 242,486.00 224,400.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -33,446.00 -37,189.00 -43,346.00 -55,244.00 -43,530.00 -70,685.00 -72,476.00 -82,797.00 -99,850.00 -34,228.00 9,396.00 13,461.00 25,018.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 716,342.00 764,394.00 0 996,510.00 1,873,795.00 2,078,235.00 8,246,536.00 6,745,452.00 6,371,118.00 5,489,427.00 802,163.00
Debt 160,277.00 285,404.00 286,531.00 405,058.00 403,985.00 521,838.00 521,765.00 21,546.00 21,473.00 21,253.00 21,180.00 20,960.00 20,887.00
Net Debt 0 31,308.00 37,871.00 287,958.00 228,413.00 332,191.00 296,792.00 0 0 0 0 0 0
Common Shares Outstanding 33,956.74 33,953.19 34,105.52 33,990.83 34,153.54 34,689.84 34,906.23 35,108.12 35,106.70 35,102.37 35,105.78 35,981.32 35,912.24
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Revenues 65,696.00 56,500.00 2,975.00 54,795.00 2,788.00 2,000.00 2,441.00 0
Cost Of Revenue 0 0 1,169.00 0 92.00 1,825.00 3,577.00 7,199.00
Interest Income 79,508.00 78,500.00 77,366.00 79,817.00 74,353.00 67,637.00 49,300.00 54,366.00
Interest Expense 22,137.00 23,517.00 23,676.00 26,859.00 22,823.00 6,823.00 1,650.00 1,953.00
Net Interest 0 0 53,690.00 0 51,530.00 59,842.00 46,944.00 52,238.00
Non-Interest Income 0 0 3,903.00 0 -2,900.00 8,258.00 8,538.00 8,251.00
Non-Interest Expense 41,331.00 40,783.00 -41,383.00 38,891.00 -40,370.00 -41,605.00 -35,720.00 -37,242.00
Provisions for Credit Losses 0 0 -51.00 0 -1,392.00 1,825.00 -3,577.00 -7,199.00
Gross Profit 0 0 1,806.00 0 2,696.00 175.00 -1,136.00 0
   Selling, General and Administrative Expenses 27,162.00 26,613.00 9,892.00 25,319.00 9,247.00 11,272.00 10,153.00 10,266.00
EBT 22,306.00 14,459.00 16,159.00 13,066.00 6,868.00 24,670.00 23,339.00 30,446.00
Income Tax 3,137.00 2,244.00 2,248.00 1,643.00 1,120.00 4,213.00 3,582.00 5,102.00
Net Income Including Non-Controlling Interests 19,169.00 12,215.00 0 11,423.00 0 0 0 0
Net Income 19,169.00 12,215.00 13,911.00 11,423.00 5,748.00 20,457.00 19,757.00 25,344.00
EBIT 0 0 39,835.00 0 29,691.00 31,493.00 24,989.00 32,399.00
Deprecation and Amortization 325.00 492.00 750.00 475.00 975.00 1,430.00 868.00 5,999.00
EBITDA 0 0 40,585.00 0 30,666.00 32,923.00 25,857.00 38,398.00
EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 33,953.81 34,028.59 34,012.49 34,322.07 34,825.47 35,108.39 35,094.72 35,926.95
Average Shares Outstanding Diluted 34,413.39 34,446.71 34,506.24 34,658.67 35,227.14 35,445.34 35,412.10 36,232.20
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow 25,067.00 22,514.00 19,253.00 24,174.00 12,899.00 23,397.00 10,928.00 9,081.00
   Operating Net Income 19,169.00 12,215.00 13,911.00 11,423.00 5,748.00 20,457.00 19,757.00 25,344.00
   Deprecation and Amortization 325.00 492.00 750.00 475.00 975.00 1,430.00 -868.00 -5,999.00
   Deferred Income Tax 18.00 128.00 767.00 26.00 0 0 0 0
   Share Based Compensation 1,215.00 1,245.00 1,288.00 1,153.00 1,006.00 0 0 0
   Change in Working Capital 0 0 -483.00 0 -5,275.00 0 0 0
   Other Operating Activities 4,340.00 8,434.00 3,020.00 11,097.00 10,445.00 1,510.00 -7,961.00 -10,264.00
Investing Cash Flow 26,650.00 57,847.00 79,181.00 -21,752.00 33,466.00 -55,002.00 -242,914.00 -232,745.00
   Capital Expenditure 0 0 -1,172.00 0 -893.00 -4,653.00 -724.00 -475.00
   Net Purchase/Sale of PPE -678.00 -1,557.00 -1,161.00 -941.00 -893.00 -4,651.00 -724.00 -475.00
   Net Purchase/Sale of Investments Net 38,472.00 69,075.00 65,540.00 114,373.00 135,556.00 40,638.00 -241,287.00 -102,115.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0
   Net Loan & Lease Activity -464,585.00 -280,664.00 -225,149.00 699,107.00 -692,720.00
   Other Investing Activities 0 0 -21,908.00 0 -8,831.00 -86,336.00 -179.00 -129,680.00
Financing Cash Flow -60,322.00 -74,925.00 33,126.00 59,393.00 -81,691.00 229,496.00 85,416.00 414,658.00
   Net Issuance/Repayment of Debt -125,200.00 -1,200.00 -118,600.00 -118,000.00 -15,000.00 -339,436.00 0 -10.00
   Net Issuance/Repurchase of Equity -24.00 -4,611.00 838.00 -7,530.00 6,118.00 2,627.00 2,652.00 687.00
   Dividends Paid -8,149.00 -8,192.00 8,158.00 -7,917.00 8,028.00 7,723.00 7,372.00 7,183.00
   Other Financing Activities 73,051.00 -60,922.00 142,730.00 192,840.00 -80,837.00 558,582.00 75,392.00 406,798.00
Net Change in Cash -8,605.00 5,436.00 131,560.00 61,815.00 -35,326.00 197,891.00 -146,570.00 190,994.00
   Cash at Beginning of Period 254,096.00 248,660.00 117,100.00 113,757.00 224,973.00 103,590.00 1,723,292.00 743,322.00
   Cash at End of Period 245,491.00 254,096.00 248,660.00 175,572.00 189,647.00 301,481.00 1,576,722.00 934,316.00
Free Cash Flow 24,389.00 20,916.00 18,081.00 23,233.00 12,006.00 18,744.00 10,204.00 8,606.00