Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 15.44 10.02 4.35 15.85
Price to Sales 0.93 0.86 0.94 1.78
Book Value Per Common Share 4.44 4.47 4.24 3.52
Price to Book 1.11 1.12 1.72 2.75
Price to Operating Cash Flow 4.34 3.78 4.42 11.65
Price to Free Cash Flow 8.44 6.95 6.80 27.32
Enterprise Value to EBITDA 46260.09 38684.32 23327.05 73650.86
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 69.11 98.29 81.29 82.33 47.22
Price to Sales 4.33 4.85 4.16 3.98 3.13
Book Value Per Common Share 4.75 4.66 4.53 4.44 4.55
Price to Book 1.31 1.48 1.26 1.11 0.93
Price to Operating Cash Flow 26.07 33.01 44.49 14.10 13.44
Price to Free Cash Flow 62.70 132.56 -293.30 34.45 22.02
Enterprise Value to EBITDA 206912.46 213462.70 203405.38 253969.76 151389.38

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -36.00 -70.24 175.41
Revenue YoY -9.22 -24.75 44.00
EBITDA YoY -17.49 -58.66 139.05
Net Profit YoY -37.09 -70.03 175.73
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 28.57 0.00 16.67 -33.33
Revenue YoY 1.15 3.68 10.37 -8.67
EBITDA YoY -6.73 15.24 43.82 -30.66
Net Profit YoY 23.66 2.20 30.00 -38.05

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.34 0.46 0.39 0.44
Quick Ratio 0.82 0.85 0.90 0.86
Current Ratio 1.54 1.53 1.75 1.50
Debt to Equity 0.89 0.93 1.06 1.34
Long-Term Debt to Equity 0.50 0.49 0.60 0.79
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.37 0.54 0.34 0.34 0.39
Quick Ratio 0.80 1.05 0.85 0.82 0.91
Current Ratio 1.43 1.75 1.47 1.54 1.56
Debt to Equity 0.92 0.97 0.91 0.89 0.88
Long-Term Debt to Equity 0.48 0.59 0.48 0.50 0.48

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 3.60 5.56 18.37 7.07
ROE 6.80 10.72 37.79 16.53
Gross Margin 32.98 35.44 50.24 37.54
Operating Margin 11.43 15.05 35.37 17.25
EBITDA Margin 20.14 22.16 40.34 24.30
Net Profit Margin 5.95 8.59 21.56 11.26
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.94 0.75 0.78 0.62 0.98
ROE 1.80 1.48 1.49 1.17 1.84
Gross Margin 32.60 30.24 31.69 33.42 34.00
Operating Margin 12.47 14.52 11.88 5.87 12.66
EBITDA Margin 20.94 22.71 20.43 15.68 20.65
Net Profit Margin 6.21 5.08 5.15 4.37 6.45

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 61.67 73.26 54.01 35.25
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield 0.00 0.00 0.00 0.00 0.00
Dividend Payout Ratio 47.83 59.14 57.14 97.14 55.75

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 11,321,000.00 11,627,000.00 11,750,000.00 11,080,000.00
   Current Assets 3,586,000.00 4,034,000.00 4,548,000.00 3,909,000.00
      Cash and Short-Term Investments 442,000.00 592,000.00 508,000.00 564,000.00
            Cash and Cash Equivalents 327,000.00 420,000.00 417,000.00 473,000.00
            Short-Term Investments 115,000.00 172,000.00 91,000.00 91,000.00
      Net Receivables 1,461,000.00 1,651,000.00 1,826,000.00 1,676,000.00
      Inventory 1,626,000.00 1,703,000.00 2,134,000.00 1,570,000.00
      Other Current Assets 57,000.00 88,000.00 80,000.00 99,000.00
   Non-Current Assets 7,735,000.00 7,593,000.00 7,202,000.00 7,171,000.00
      Property, Plant, Equipment Net 6,462,000.00 6,329,000.00 5,969,000.00 5,754,000.00
      Goodwill 543,000.00 530,000.00 507,000.00 502,000.00
      Intangible Assets 326,000.00 343,000.00 345,000.00 365,000.00
      Long-Term Investments 3,000.00 2,000.00 3,000.00 26,000.00
      Non-Current Deferred Assets 143,000.00 152,000.00 150,000.00 147,000.00
      Other Non-Current Assets 258,000.00 237,000.00 228,000.00 377,000.00
Liabilities 5,334,000.00 5,590,000.00 6,037,000.00 6,344,000.00
   Current Liabilities 2,328,000.00 2,638,000.00 2,606,000.00 2,612,000.00
      Payables and Expenses 1,410,000.00 1,261,000.00 1,449,000.00 1,425,000.00
            Account Payables 1,002,000.00 912,000.00 1,006,000.00 1,064,000.00
            Current Accrued Liabilities 88,000.00 91,000.00 98,000.00 75,000.00
      Short-Term Debt 384,000.00 858,000.00 512,000.00 577,000.00
      Other Current Liabilities 534,000.00 519,000.00 645,000.00 610,000.00
   Non-Current Liabilities 3,006,000.00 2,952,000.00 3,431,000.00 3,732,000.00
      Long-Term Debt 1,909,000.00 1,829,000.00 2,312,000.00 2,436,000.00
      Other Non-Current Liabilities 1,097,000.00 1,123,000.00 1,119,000.00 1,296,000.00
Equity 5,987,000.00 6,037,000.00 5,713,000.00 4,736,000.00
   Shareholders Equity 5,724,000.00 5,768,000.00 5,464,000.00 4,527,000.00
      Capital Stock 549,000.00 549,000.00 549,000.00 548,000.00
      Share Premium 238,000.00 234,000.00 233,000.00 224,000.00
      Retained Earnings 5,764,000.00 5,583,000.00 5,385,000.00 4,321,000.00
      Treasury Shares 260,000.00 260,000.00 260,000.00 260,000.00
      Accumulated Other Comprehensive Income -567,000.00 -338,000.00 -443,000.00 -306,000.00
   Minority Interest 263,000.00 269,000.00 249,000.00 209,000.00
Debt 2,293,000.00 2,687,000.00 2,824,000.00 3,013,000.00
Net Debt 1,702,000.00 1,991,000.00 2,137,000.00 2,241,000.00
Common Shares Outstanding 1,290,375.70 1,289,435.50 1,289,178.85 1,287,150.94
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 6,841,000.00 7,536,000.00 10,015,000.00 6,955,000.00
Cost Of Revenue 4,585,000.00 4,865,000.00 4,983,000.00 4,344,000.00
Interest Income 40,000.00 47,000.00 31,000.00 17,000.00
Interest Expense 146,000.00 160,000.00 138,000.00 108,000.00
Non-Interest Expense 1,371,000.00 1,353,000.00 1,472,000.00 1,331,000.00
Gross Profit 2,256,000.00 2,671,000.00 5,032,000.00 2,611,000.00
Operating Expenses 1,478,000.00 1,471,000.00 1,547,000.00 1,398,000.00
   Selling, General and Administrative Expenses 1,371,000.00 1,353,000.00 1,472,000.00 1,331,000.00
   Research and Development Expenses 69,000.00 71,000.00 68,000.00 64,000.00
   Other Operating Expenses 24,000.00 45,000.00 6,000.00 3,000.00
Operating Income 778,000.00 1,200,000.00 3,485,000.00 1,213,000.00
Net Non-Operating Income 2,000.00 -4,000.00 2,000.00 -8,000.00
EBT 636,000.00 974,000.00 3,404,000.00 1,092,000.00
Income Tax 172,000.00 287,000.00 1,185,000.00 260,000.00
Net Income Including Non-Controlling Interests 464,000.00 687,000.00 2,219,000.00 832,000.00
Net Income Non-Controlling Interests -57,000.00 -40,000.00 -60,000.00 -49,000.00
Net Income 407,000.00 647,000.00 2,159,000.00 783,000.00
EBIT 782,000.00 1,134,000.00 3,542,000.00 1,200,000.00
Deprecation and Amortization 596,000.00 536,000.00 498,000.00 490,000.00
EBITDA 1,378,000.00 1,670,000.00 4,040,000.00 1,690,000.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 1,289,968.00 1,289,361.00 1,287,304.00 1,282,807.00
Average Shares Outstanding Diluted 1,290,039.00 1,290,668.00 1,289,947.00 1,287,051.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 1,468,000.00 1,710,000.00 2,131,000.00 1,065,000.00
   Operating Net Income 464,000.00 687,000.00 2,219,000.00 832,000.00
   Deprecation and Amortization 596,000.00 536,000.00 498,000.00 490,000.00
   Deferred Income Tax 172,000.00 287,000.00 1,185,000.00 260,000.00
   Share Based Compensation 0 0 0 0
   Change in Working Capital 205,000.00 432,000.00 -723,000.00 -303,000.00
   Other Operating Activities 31,000.00 -232,000.00 -1,048,000.00 -214,000.00
Investing Cash Flow -694,000.00 -853,000.00 -747,000.00 -579,000.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -713,000.00 -780,000.00 -747,000.00 -611,000.00
   Net Purchase/Sale of Investments Net 0 0 -36,000.00 355,000.00
   Net Purchase/Sale of Business -74,000.00 0 -18,000.00 -365,000.00
   Other Investing Activities 0 0 54,000.00 42,000.00
Financing Cash Flow -846,000.00 -837,000.00 -1,416,000.00 -244,000.00
   Net Issuance/Repayment of Debt -414,000.00 -228,000.00 -157,000.00 52,000.00
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid -251,000.00 -474,000.00 -1,166,000.00 -276,000.00
   Other Financing Activities -181,000.00 -135,000.00 -93,000.00 -20,000.00
Net Change in Cash -72,000.00 20,000.00 -32,000.00 242,000.00
   Cash at Beginning of Period 420,000.00 417,000.00 473,000.00 214,000.00
   Cash at End of Period 327,000.00 420,000.00 417,000.00 473,000.00
Free Cash Flow 755,000.00 930,000.00 1,384,000.00 454,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 12,262,000.00 12,375,000.00 11,691,000.00 11,321,000.00 11,558,000.00
   Current Assets 4,047,000.00 4,235,000.00 3,836,000.00 3,586,000.00 3,824,000.00
      Cash and Short-Term Investments 476,000.00 701,000.00 433,000.00 442,000.00 503,000.00
            Cash and Cash Equivalents 356,000.00 582,000.00 312,000.00 327,000.00 393,000.00
            Short-Term Investments 120,000.00 119,000.00 121,000.00 115,000.00 110,000.00
      Net Receivables 1,793,000.00 1,844,000.00 1,774,000.00 1,461,000.00 1,730,000.00
      Inventory 1,778,000.00 1,690,000.00 1,629,000.00 1,626,000.00 1,591,000.00
      Other Current Assets 0.00 0.00 0.00 57,000.00 0.00
   Non-Current Assets 8,215,000.00 8,140,000.00 7,855,000.00 7,735,000.00 7,734,000.00
      Property, Plant, Equipment Net 6,762,000.00 6,701,000.00 6,526,000.00 6,462,000.00 6,414,000.00
      Goodwill 0 0 0 543,000.00 0
      Intangible Assets 0 0 0 326,000.00 0
      Long-Term Investments 0 0 0 3,000.00 0
      Non-Current Deferred Assets 165,000.00 172,000.00 151,000.00 143,000.00 149,000.00
      Other Non-Current Assets 0 0 0 258,000.00 0
Liabilities 5,881,000.00 6,107,000.00 5,568,000.00 5,334,000.00 5,423,000.00
   Current Liabilities 2,821,000.00 2,426,000.00 2,603,000.00 2,328,000.00 2,450,000.00
      Payables and Expenses 1,980,000.00 2,002,000.00 1,971,000.00 1,410,000.00 1,795,000.00
            Account Payables 1,016,000.00 1,082,000.00 1,031,000.00 1,002,000.00 921,000.00
            Current Accrued Liabilities 0 0 0 88,000.00 0
      Short-Term Debt 787,000.00 365,000.00 570,000.00 384,000.00 606,000.00
      Other Current Liabilities 54,000.00 59,000.00 62,000.00 534,000.00 49,000.00
   Non-Current Liabilities 3,060,000.00 3,681,000.00 2,965,000.00 3,006,000.00 2,973,000.00
      Long-Term Debt 1,894,000.00 2,550,000.00 1,856,000.00 1,909,000.00 1,845,000.00
      Other Non-Current Liabilities 1,166,000.00 1,131,000.00 1,109,000.00 1,097,000.00 1,128,000.00
Equity 6,381,000.00 6,268,000.00 6,123,000.00 5,987,000.00 6,135,000.00
   Shareholders Equity 6,134,000.00 6,014,000.00 5,844,000.00 5,724,000.00 5,873,000.00
      Capital Stock 549,000.00 549,000.00 549,000.00 549,000.00 549,000.00
      Share Premium 240,000.00 240,000.00 238,000.00 238,000.00 238,000.00
      Retained Earnings 5,909,000.00 5,842,000.00 5,803,000.00 5,764,000.00 5,748,000.00
      Treasury Shares 260,000.00 260,000.00 260,000.00 260,000.00 260,000.00
      Accumulated Other Comprehensive Income -304,000.00 -357,000.00 -486,000.00 -567,000.00 -402,000.00
   Minority Interest 247,000.00 254,000.00 279,000.00 263,000.00 262,000.00
Debt 2,681,000.00 2,915,000.00 2,426,000.00 2,293,000.00 2,451,000.00
Net Debt 2,325,000.00 2,333,000.00 2,114,000.00 1,702,000.00 2,058,000.00
Common Shares Outstanding 1,290,672.52 1,290,672.52 1,290,463.06 1,290,375.70 1,289,435.50
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 1,853,000.00 1,832,000.00 1,767,000.00 1,601,000.00 1,753,000.00
Cost Of Revenue 1,249,000.00 1,278,000.00 1,207,000.00 1,066,000.00 1,157,000.00
Interest Income 1,000.00 85,000.00 25,000.00 -19,000.00 7,000.00
Interest Expense 45,000.00 98,000.00 62,000.00 -20,000.00 46,000.00
Non-Interest Expense 363,000.00 346,000.00 345,000.00 347,000.00 343,000.00
Gross Profit 604,000.00 554,000.00 560,000.00 535,000.00 596,000.00
Operating Expenses 379,000.00 365,000.00 375,000.00 404,000.00 362,000.00
   Selling, General and Administrative Expenses 363,000.00 346,000.00 345,000.00 347,000.00 343,000.00
   Research and Development Expenses 16,000.00 19,000.00 18,000.00 19,000.00 19,000.00
   Other Operating Expenses 0 0 12,000.00 0 0
Operating Income 225,000.00 189,000.00 185,000.00 131,000.00 234,000.00
Net Non-Operating Income 5,000.00 -8,000.00 0 21,000.00 -20,000.00
EBT 186,000.00 168,000.00 148,000.00 114,000.00 176,000.00
Income Tax 57,000.00 60,000.00 42,000.00 33,000.00 49,000.00
Net Income Including Non-Controlling Interests 129,000.00 108,000.00 106,000.00 81,000.00 127,000.00
Net Income Non-Controlling Interests -14,000.00 -15,000.00 -15,000.00 -11,000.00 -14,000.00
Net Income 115,000.00 93,000.00 91,000.00 70,000.00 113,000.00
EBIT 231,000.00 266,000.00 210,000.00 94,000.00 222,000.00
Deprecation and Amortization 157,000.00 150,000.00 151,000.00 157,000.00 140,000.00
EBITDA 388,000.00 416,000.00 361,000.00 251,000.00 362,000.00
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 1,290,669.00 1,290,751.00 1,290,452.00 1,290,260.00 1,290,171.00
Average Shares Outstanding Diluted 1,291,403.00 1,292,096.00 1,290,944.00 1,290,330.00 1,290,371.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 308,000.00 269,000.00 165,000.00 452,000.00 408,000.00
   Operating Net Income 129,000.00 108,000.00 106,000.00 81,000.00 127,000.00
   Deprecation and Amortization 157,000.00 150,000.00 151,000.00 157,000.00 140,000.00
   Deferred Income Tax 57,000.00 60,000.00 42,000.00 33,000.00 49,000.00
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital -62,000.00 57,000.00 -140,000.00 158,000.00 96,000.00
   Other Operating Activities 27,000.00 -106,000.00 6,000.00 23,000.00 -4,000.00
Investing Cash Flow -178,000.00 -212,000.00 -192,000.00 -270,000.00 -204,000.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -180,000.00 -202,000.00 -190,000.00 -267,000.00 -159,000.00
   Net Purchase/Sale of Investments Net 6,000.00 -16,000.00 -4,000.00 0 0
   Net Purchase/Sale of Business -9,000.00 0 -3,000.00 -2,000.00 -50,000.00
   Other Investing Activities 5,000.00 6,000.00 5,000.00 0 5,000.00
Financing Cash Flow -353,000.00 198,000.00 5,000.00 -227,000.00 -107,000.00
   Net Issuance/Repayment of Debt -260,000.00 339,000.00 73,000.00 -113,000.00 -26,000.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid -55,000.00 -55,000.00 -52,000.00 -68,000.00 -63,000.00
   Other Financing Activities -38,000.00 -86,000.00 -16,000.00 -46,000.00 -18,000.00
Net Change in Cash -223,000.00 255,000.00 -22,000.00 -45,000.00 97,000.00
   Cash at Beginning of Period 582,000.00 312,000.00 327,000.00 393,000.00 287,000.00
   Cash at End of Period 356,000.00 582,000.00 312,000.00 327,000.00 393,000.00
Free Cash Flow 128,000.00 67,000.00 -25,000.00 185,000.00 249,000.00