Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 17.63 20.93 4.58 6.39
Price to Sales 1.55 1.12 0.90 1.80
Book Value Per Common Share 2.54 2.45 2.56 2.49
Price to Book 3.16 2.48 2.43 6.41
Price to Operating Cash Flow 12.12 6.93 13.09 7.19
Price to Free Cash Flow 13.68 8.19 15.33 7.34
Enterprise Value to EBITDA 271199.84 299622.74 72043.38 98306.42
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 1471.67 95.00 64.47 57.02 73.33
Price to Sales 7.73 7.25 5.98 5.93 4.32
Book Value Per Common Share 2.51 2.48 2.60 2.54 2.47
Price to Book 3.52 3.60 2.83 3.16 2.22
Price to Operating Cash Flow 229.95 25.75 22.94 39.72 -305.56
Price to Free Cash Flow 29433.33 27.87 25.32 43.70 -168.71
Enterprise Value to EBITDA 4649803.77 1103555.02 854747.96 870180.61 1351944.18

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 57.24 -78.61 -45.80
Revenue YoY -4.09 -21.30 -22.35
EBITDA YoY 46.48 -76.46 -46.97
Net Profit YoY 57.57 -78.64 -45.76
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -93.62 -17.54 -19.15 88.00
Revenue YoY -7.28 -0.16 -9.31 6.66
EBITDA YoY -76.53 -6.23 -6.92 126.98
Net Profit YoY -93.53 -17.23 -18.78 88.96

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.28 1.18 1.32 2.09
Quick Ratio 0.65 0.63 0.71 1.29
Current Ratio 1.65 1.69 1.93 1.98
Debt to Equity 0.83 0.90 0.90 0.84
Long-Term Debt to Equity 0.04 0.08 0.13 0.15
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 1.60 1.91 1.61 1.28 1.18
Quick Ratio 0.62 0.69 0.73 0.65 0.61
Current Ratio 1.60 1.54 1.71 1.65 1.64
Debt to Equity 0.92 0.96 0.79 0.83 0.87
Long-Term Debt to Equity 0.04 0.04 0.04 0.04 0.05

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 4.86 3.08 13.93 27.25
ROE 8.90 5.86 26.51 50.10
Gross Margin 30.46 27.87 40.55 48.39
Operating Margin 8.97 5.34 23.25 35.27
EBITDA Margin 11.44 7.49 25.03 36.65
Net Profit Margin 8.80 5.35 19.73 28.24
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.06 0.97 1.22 1.50 0.80
ROE 0.12 1.90 2.18 2.75 1.49
Gross Margin 30.18 31.20 30.47 30.46 29.95
Operating Margin 0.62 10.68 11.59 11.28 3.87
EBITDA Margin 3.32 13.13 13.98 13.62 6.40
Net Profit Margin 0.54 7.70 9.29 10.37 5.86

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00 0.00 0.00
Dividend Payout Ratio 63.82 165.69 91.94 10.85
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield 0.00 0.00 0.00
Dividend Payout Ratio 6047.66 2.67 390.87

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 1,639,521.00 1,643,404.00 1,701,758.00 1,603,194.00
   Current Assets 1,168,043.00 1,200,585.00 1,336,808.00 1,192,844.00
      Cash and Short-Term Investments 224,574.00 206,377.00 229,895.00 364,382.00
            Cash and Cash Equivalents 218,148.00 191,749.00 221,581.00 336,024.00
            Short-Term Investments 6,426.00 14,628.00 8,314.00 28,358.00
      Net Receivables 237,552.00 237,352.00 262,403.00 411,482.00
      Inventory 158,746.00 217,308.00 370,933.00 198,600.00
      Other Current Assets 547,171.00 539,548.00 473,577.00 218,380.00
   Non-Current Assets 471,478.00 442,819.00 364,950.00 410,350.00
      Property, Plant, Equipment Net 121,280.00 130,109.00 126,138.00 133,236.00
      Goodwill 28,138.00 28,138.00 28,138.00 28,138.00
      Intangible Assets 636.00 816.00 1,094.00 6,617.00
      Long-Term Investments 60,351.00 26,775.00 22,162.00 17,380.00
      Non-Current Deferred Assets 21,193.00 14,196.00 11,797.00 7,191.00
      Other Non-Current Assets 239,880.00 242,785.00 175,621.00 217,788.00
Liabilities 743,194.00 779,702.00 807,937.00 731,212.00
   Current Liabilities 706,634.00 708,803.00 693,995.00 601,225.00
      Payables and Expenses 174,876.00 184,612.00 243,088.00 399,990.00
            Account Payables 113,203.00 107,342.00 122,042.00 248,425.00
            Current Accrued Liabilities 48,999.00 58,749.00 46,425.00 49,891.00
      Short-Term Debt 513,408.00 463,636.00 379,518.00 162,002.00
      Other Current Liabilities 18,350.00 60,555.00 71,389.00 39,233.00
   Non-Current Liabilities 36,560.00 70,899.00 113,942.00 129,987.00
      Long-Term Debt 28,500.00 34,500.00 40,500.00 46,500.00
      Other Non-Current Liabilities 8,060.00 36,399.00 73,442.00 83,487.00
Equity 896,327.00 863,702.00 893,821.00 871,982.00
   Shareholders Equity 890,061.00 856,768.00 892,572.00 869,724.00
      Capital Stock 107,010.00 107,010.00 107,010.00 107,010.00
      Share Premium 115,376.00 114,648.00 112,249.00 108,841.00
      Retained Earnings 664,600.00 640,447.00 679,125.00 660,300.00
      Treasury Shares 5,546.00 5,157.00 5,594.00 5,761.00
      Accumulated Other Comprehensive Income 8,621.00 -180.00 -218.00 -666.00
   Minority Interest 6,266.00 6,934.00 1,249.00 2,258.00
Debt 541,908.00 498,136.00 420,018.00 208,502.00
Net Debt 320,052.00 301,751.00 194,219.00 0
Common Shares Outstanding 349,800.00 349,448.10 348,833.05 348,597.14
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 906,802.00 945,428.00 1,201,339.00 1,547,097.00
Cost Of Revenue 630,601.00 681,931.00 714,233.00 798,519.00
Interest Income 9,907.00 8,746.00 4,813.00 876.00
Interest Expense 4,014.00 6,080.00 2,783.00 1,074.00
Non-Interest Expense 47,651.00 48,893.00 53,962.00 52,361.00
Gross Profit 276,201.00 263,497.00 487,106.00 748,578.00
Operating Expenses 207,980.00 220,285.00 229,519.00 203,557.00
   Selling, General and Administrative Expenses 47,651.00 48,893.00 53,962.00 52,361.00
   Research and Development Expenses 160,329.00 171,392.00 175,557.00 151,386.00
Operating Income 68,221.00 43,212.00 257,587.00 545,021.00
Net Non-Operating Income 198.00 -1,774.00 10,939.00 349.00
EBT 77,335.00 44,393.00 276,565.00 544,592.00
Income Tax -2,435.00 -5,028.00 41,098.00 110,657.00
Net Income Including Non-Controlling Interests 79,770.00 49,421.00 235,467.00 433,935.00
Net Income Non-Controlling Interests -15.00 1,195.00 1,515.00 2,961.00
Net Income 79,755.00 50,616.00 236,982.00 436,896.00
EBIT 81,349.00 50,473.00 279,348.00 545,666.00
Deprecation and Amortization 22,354.00 20,322.00 21,342.00 21,342.00
EBITDA 103,703.00 70,795.00 300,690.00 567,008.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 174,796.00 174,495.00 174,724.00 174,614.00
Average Shares Outstanding Diluted 175,014.00 174,783.00 174,817.00 174,867.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 115,976.00 152,841.00 82,908.00 388,276.00
   Operating Net Income 79,770.00 49,421.00 235,467.00 433,935.00
   Deprecation and Amortization 22,354.00 20,322.00 21,342.00 21,342.00
   Deferred Income Tax -2,435.00 -5,028.00 41,098.00 110,657.00
   Share Based Compensation 1,247.00 2,663.00 3,096.00 700.00
   Change in Working Capital 11,502.00 116,037.00 -154,439.00 -168,522.00
   Other Operating Activities 3,538.00 -30,574.00 -63,656.00 -9,836.00
Investing Cash Flow -516.00 -88,882.00 14,998.00 -232,680.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -13,054.00 -20,446.00 -11,797.00 -4,487.00
   Net Purchase/Sale of Investments Net -14,219.00 -11,821.00 19,065.00 -11,476.00
   Net Purchase/Sale of Business -6,652.00 433.00 11,505.00 -598.00
   Other Investing Activities 33,409.00 -57,048.00 -3,775.00 -216,119.00
Financing Cash Flow -88,217.00 -93,591.00 -211,068.00 -4,487.00
   Net Issuance/Repayment of Debt 39,668.00 72,870.00 207,606.00 36,732.00
   Net Issuance/Repurchase of Equity -2,929.00 916.00 487.00 0
   Dividends Paid -50,903.00 -83,868.00 -217,873.00 -47,424.00
   Other Financing Activities -74,053.00 -83,509.00 -201,288.00 6,205.00
Net Change in Cash 27,243.00 -29,632.00 -113,162.00 151,109.00
   Cash at Beginning of Period 191,749.00 221,581.00 336,024.00 184,938.00
   Cash at End of Period 218,148.00 191,749.00 221,581.00 336,024.00
Free Cash Flow 102,769.00 129,348.00 70,780.00 380,246.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 1,694,579.00 1,708,134.00 1,635,480.00 1,639,521.00 1,627,983.00
   Current Assets 1,237,917.00 1,231,033.00 1,170,588.00 1,168,043.00 1,170,810.00
      Cash and Short-Term Investments 278,196.00 332,751.00 280,984.00 224,574.00 206,474.00
            Cash and Cash Equivalents 257,090.00 304,678.00 275,445.00 218,148.00 194,139.00
            Short-Term Investments 21,106.00 28,073.00 5,539.00 6,426.00 12,335.00
      Net Receivables 201,146.00 219,844.00 218,277.00 237,552.00 225,597.00
      Inventory 137,423.00 134,573.00 129,867.00 158,746.00 192,458.00
      Other Current Assets 621,152.00 543,865.00 541,460.00 547,171.00 546,281.00
   Non-Current Assets 456,662.00 477,101.00 464,892.00 471,478.00 457,173.00
      Property, Plant, Equipment Net 120,304.00 121,248.00 120,538.00 121,280.00 122,333.00
      Goodwill 28,138.00 28,138.00 28,138.00 28,138.00 28,138.00
      Intangible Assets 830.00 563.00 619.00 636.00 717.00
      Long-Term Investments 81,560.00 70,202.00 61,570.00 60,351.00 51,785.00
      Non-Current Deferred Assets 22,755.00 23,642.00 20,872.00 21,193.00 13,806.00
      Other Non-Current Assets 203,075.00 233,308.00 233,155.00 239,880.00 240,394.00
Liabilities 812,022.00 836,847.00 719,362.00 743,194.00 755,641.00
   Current Liabilities 775,820.00 798,419.00 684,316.00 706,634.00 713,775.00
      Payables and Expenses 143,636.00 160,454.00 118,395.00 174,876.00 123,708.00
            Account Payables 128,353.00 143,048.00 105,610.00 113,203.00 121,384.00
            Current Accrued Liabilities 0 0 0 48,999.00 0
      Short-Term Debt 575,185.00 510,724.00 510,302.00 513,408.00 509,700.00
      Other Current Liabilities 56,999.00 127,241.00 55,619.00 18,350.00 80,367.00
   Non-Current Liabilities 36,202.00 38,428.00 35,046.00 36,560.00 41,866.00
      Long-Term Debt 24,000.00 25,500.00 27,000.00 28,500.00 30,000.00
      Other Non-Current Liabilities 12,202.00 12,928.00 8,046.00 8,060.00 11,866.00
Equity 882,557.00 871,287.00 916,118.00 896,327.00 872,342.00
   Shareholders Equity 875,460.00 864,636.00 909,647.00 890,061.00 865,684.00
      Capital Stock 107,010.00 107,010.00 107,010.00 107,010.00 107,010.00
      Share Premium 116,215.00 115,853.00 115,722.00 115,376.00 115,285.00
      Retained Earnings 637,608.00 636,538.00 684,587.00 664,600.00 644,596.00
      Treasury Shares 9,130.00 9,431.00 5,546.00 5,546.00 4,714.00
      Accumulated Other Comprehensive Income 23,757.00 14,666.00 7,874.00 8,621.00 3,507.00
   Minority Interest 7,097.00 6,651.00 6,471.00 6,266.00 6,658.00
Debt 599,185.00 536,224.00 537,302.00 541,908.00 539,700.00
Net Debt 342,095.00 231,546.00 261,857.00 320,052.00 345,561.00
Common Shares Outstanding 348,600.00 348,600.00 349,826.83 349,800.00 350,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 199,161.00 214,798.00 215,133.00 237,223.00 222,407.00
Cost Of Revenue 139,062.00 147,791.00 149,581.00 164,963.00 155,795.00
Interest Income 2,504.00 2,737.00 2,312.00 2,042.00 2,297.00
Interest Expense 879.00 870.00 903.00 964.00 1,018.00
Non-Interest Expense 13,765.00 11,356.00 10,759.00 11,597.00 13,876.00
Gross Profit 60,099.00 67,007.00 65,552.00 72,260.00 66,612.00
Operating Expenses 60,717.00 48,898.00 45,746.00 49,181.00 60,756.00
   Selling, General and Administrative Expenses 13,765.00 11,356.00 10,759.00 11,597.00 13,876.00
   Research and Development Expenses 46,952.00 37,542.00 34,987.00 37,584.00 46,880.00
Operating Income -618.00 18,109.00 19,806.00 23,079.00 5,856.00
Net Non-Operating Income 22.00 6.00 3,222.00 60.00 105.00
EBT 348.00 22,064.00 24,023.00 25,792.00 7,581.00
Income Tax -1,001.00 5,054.00 3,841.00 761.00 -5,174.00
Net Income Including Non-Controlling Interests 1,349.00 17,010.00 20,182.00 25,031.00 12,755.00
Net Income Non-Controlling Interests -279.00 -466.00 -195.00 -423.00 268.00
Net Income 1,070.00 16,544.00 19,987.00 24,608.00 13,023.00
EBIT 1,227.00 22,934.00 24,926.00 26,756.00 8,599.00
Deprecation and Amortization 5,393.00 5,275.00 5,156.00 5,564.00 5,640.00
EBITDA 6,620.00 28,209.00 30,082.00 32,320.00 14,239.00
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 174,306.00 174,380.00 174,913.00 175,008.00 174,727.00
Average Shares Outstanding Diluted 174,391.00 174,544.00 175,072.00 175,146.00 174,987.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 6,697.00 60,474.00 56,047.00 35,417.00 -3,138.00
   Operating Net Income 1,349.00 17,010.00 20,182.00 25,031.00 12,755.00
   Deprecation and Amortization 5,393.00 5,275.00 5,156.00 5,564.00 5,640.00
   Deferred Income Tax -1,001.00 5,054.00 3,841.00 761.00 -5,174.00
   Share Based Compensation 343.00 147.00 100.00 103.00 407.00
   Change in Working Capital -225.00 29,191.00 26,335.00 -236.00 -16,284.00
   Other Operating Activities 838.00 3,797.00 433.00 4,194.00 -482.00
Investing Cash Flow 14,438.00 -26,629.00 3,367.00 -4,626.00 12,998.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -6,317.00 -4,596.00 -5,221.00 -3,222.00 -2,551.00
   Net Purchase/Sale of Investments Net 2,981.00 -19,563.00 -1,643.00 5,256.00 4,219.00
   Net Purchase/Sale of Business 0 -2,500.00 0 0 0
   Other Investing Activities 17,774.00 30.00 10,231.00 0 11,330.00
Financing Cash Flow -68,498.00 -5,192.00 -2,336.00 -5,621.00 -53,382.00
   Net Issuance/Repayment of Debt 62,451.00 -1,750.00 -2,336.00 -2,840.00 48,221.00
   Net Issuance/Repurchase of Equity 158.00 -3,000.00 0 -3,000.00 0
   Dividends Paid -64,710.00 -442.00 0 0 -50,903.00
   Other Financing Activities -66,397.00 0.00 0 219.00 -50,700.00
Net Change in Cash -47,363.00 28,653.00 57,078.00 25,170.00 -43,522.00
   Cash at Beginning of Period 304,678.00 275,445.00 218,148.00 194,139.00 236,676.00
   Cash at End of Period 257,090.00 304,678.00 275,445.00 218,148.00 194,139.00
Free Cash Flow 55.00 55,878.00 50,774.00 32,195.00 -5,698.00