INDV
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -34.53 | 1527.00 | ||
| Price to Sales | 1.38 | 1.92 | ||
| Book Value Per Common Share | -2.79 | -1.41 | 0.37 | 1.45 |
| Price to Book | -4.46 | -10.86 | ||
| Price to Operating Cash Flow | 45.68 | -6.99 | ||
| Price to Free Cash Flow | 328.84 | -5.94 | ||
| Enterprise Value to EBITDA | 184827.36 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 70.91 | 98.27 | 25.08 | 177.57 | 325.00 |
| Price to Sales | 9.49 | 5.86 | 4.43 | 5.26 | 4.20 |
| Book Value Per Common Share | -1.66 | -2.07 | -2.29 | -2.79 | -1.29 |
| Price to Book | -14.53 | -7.13 | -4.16 | -4.46 | -7.57 |
| Price to Operating Cash Flow | -76.37 | 11.19 | 15.72 | -314.68 | 645.70 |
| Price to Free Cash Flow | -50.48 | 12.63 | 16.84 | -74.92 | -257.94 |
| Enterprise Value to EBITDA | 557072.49 | 224279.60 | 156441.11 | 146466.96 | 257827.11 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 8.69 | 21.31 | 13.91 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 126.67 | -60.53 | 442.86 | 133.33 | |
| Revenue YoY | 3.97 | 13.53 | -11.04 | -2.61 | |
| EBITDA YoY | -34.15 | 7.89 | -28.30 | 116.33 | |
| Net Profit YoY | 133.33 | -61.70 | -20.34 | 168.18 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 2.42 | 2.99 | 6.42 | 7.57 |
| Quick Ratio | ||||
| Current Ratio | 0.89 | 0.98 | 1.24 | 1.80 |
| Debt to Equity | -4.79 | -10.17 | 33.69 | 8.02 |
| Long-Term Debt to Equity | -2.09 | -3.45 | 13.71 | 4.06 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 3.60 | 4.25 | 3.02 | 2.53 | 2.41 |
| Quick Ratio | 0.74 | ||||
| Current Ratio | 0.96 | 0.90 | 0.88 | 0.89 | 0.83 |
| Debt to Equity | -7.84 | -6.63 | -5.81 | -4.79 | -9.77 |
| Long-Term Debt to Equity | -3.18 | -2.53 | -2.29 | -2.09 | -4.01 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 0.15 | -7.33 | -2.49 | 11.19 |
| ROE | -0.57 | 67.19 | -86.27 | 100.99 |
| Gross Margin | 80.56 | 84.08 | 83.24 | 83.94 |
| Operating Margin | 4.63 | -10.43 | -6.88 | 27.31 |
| EBITDA Margin | 7.07 | -9.06 | -5.11 | 30.09 |
| Net Profit Margin | 0.17 | -11.80 | -4.88 | 25.92 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 2.97 | 1.24 | 3.42 | 4.47 | 1.50 |
| ROE | -20.29 | -6.98 | -16.43 | -16.95 | -13.17 |
| Gross Margin | 73.57 | 82.78 | 83.46 | 92.31 | 78.50 |
| Operating Margin | 15.61 | 25.50 | 26.69 | 33.78 | 13.36 |
| EBITDA Margin | 17.20 | 27.15 | 28.57 | 35.45 | 15.96 |
| Net Profit Margin | 13.38 | 5.96 | 17.67 | 19.73 | 7.17 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| 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 | 1,319,000.00 | 1,760,000.00 | 1,769,000.00 | 1,832,000.00 |
| Current Assets | 839,000.00 | 1,266,000.00 | 1,259,000.00 | 1,444,000.00 |
| Cash and Short-Term Investments | 320,000.00 | 410,000.00 | 893,000.00 | 1,102,000.00 |
| Cash and Cash Equivalents | 319,000.00 | 316,000.00 | 774,000.00 | 1,102,000.00 |
| Short-Term Investments | 1,000.00 | 94,000.00 | 119,000.00 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 |
| Inventory | 178,000.00 | 135,000.00 | 114,000.00 | 95,000.00 |
| Other Current Assets | 341,000.00 | 721,000.00 | 252,000.00 | 247,000.00 |
| Non-Current Assets | 481,000.00 | 494,000.00 | 510,000.00 | 388,000.00 |
| Property, Plant, Equipment Net | 139,000.00 | 124,000.00 | 85,000.00 | 95,000.00 |
| Goodwill | 2,000.00 | 5,000.00 | 0 | 0 |
| Intangible Assets | 5,000.00 | 8,000.00 | 70,000.00 | 82,000.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 288,000.00 | 0 | 0 |
| Other Non-Current Assets | 0 | 69,000.00 | 0 | 0 |
| Liabilities | 1,667,000.00 | 1,952,000.00 | 1,718,000.00 | 1,629,000.00 |
| Current Liabilities | 939,000.00 | 1,290,000.00 | 1,019,000.00 | 804,000.00 |
| Payables and Expenses | 0 | 1,167,000.00 | 0 | 0 |
| Account Payables | 63,000.00 | 39,000.00 | 33,000.00 | 26,000.00 |
| Current Accrued Liabilities | 0 | 1,093,000.00 | 565,000.00 | 569,000.00 |
| Short-Term Debt | 28,000.00 | 12,000.00 | 11,000.00 | 11,000.00 |
| Other Current Liabilities | 0 | 111,000.00 | 0 | 0 |
| Non-Current Liabilities | 728,000.00 | 662,000.00 | 699,000.00 | 825,000.00 |
| Long-Term Debt | 347,000.00 | 271,000.00 | 266,000.00 | 275,000.00 |
| Other Non-Current Liabilities | 381,000.00 | 391,000.00 | 433,000.00 | 550,000.00 |
| Equity | -348,000.00 | -192,000.00 | 51,000.00 | 203,000.00 |
| Shareholders Equity | -348,000.00 | -192,000.00 | 51,000.00 | 203,000.00 |
| Capital Stock | 62,000.00 | 68,000.00 | 68,000.00 | 70,000.00 |
| Share Premium | 90,000.00 | 88,000.00 | 14,000.00 | 10,000.00 |
| Retained Earnings | -454,000.00 | -295,000.00 | 1,303,000.00 | 1,438,000.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | -53,000.00 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 375,000.00 | 283,000.00 | 277,000.00 | 286,000.00 |
| Net Debt | 14,000.00 | 0 | 0 | 0 |
| Common Shares Outstanding | 124,903.00 | 136,526.36 | 136,480.99 | 140,487.93 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 1,188,000.00 | 1,093,000.00 | 901,000.00 | 791,000.00 |
| Cost Of Revenue | 231,000.00 | 174,000.00 | 151,000.00 | 127,000.00 |
| Interest Income | 23,000.00 | 43,000.00 | 19,000.00 | 1,000.00 |
| Interest Expense | 41,000.00 | 35,000.00 | 27,000.00 | 26,000.00 |
| Non-Interest Expense | 618,000.00 | 569,000.00 | 469,000.00 | 431,000.00 |
| Gross Profit | 957,000.00 | 919,000.00 | 750,000.00 | 664,000.00 |
| Operating Expenses | 729,000.00 | 676,000.00 | 535,000.00 | 483,000.00 |
| Selling, General and Administrative Expenses | 618,000.00 | 569,000.00 | 469,000.00 | 431,000.00 |
| Research and Development Expenses | 107,000.00 | 116,000.00 | 74,000.00 | 52,000.00 |
| Other Operating Expenses | 4,000.00 | -9,000.00 | -8,000.00 | 0 |
| Operating Income | 228,000.00 | 243,000.00 | 215,000.00 | 181,000.00 |
| EBT | 14,000.00 | -149,000.00 | -89,000.00 | 190,000.00 |
| Income Tax | 11,000.00 | -20,000.00 | -44,000.00 | -15,000.00 |
| Net Income Including Non-Controlling Interests | 3,000.00 | -129,000.00 | -45,000.00 | 205,000.00 |
| Net Income | 2,000.00 | -129,000.00 | -44,000.00 | 205,000.00 |
| EBIT | 55,000.00 | -114,000.00 | -62,000.00 | 216,000.00 |
| Deprecation and Amortization | 29,000.00 | 15,000.00 | 16,000.00 | 22,000.00 |
| EBITDA | 84,000.00 | -99,000.00 | -46,000.00 | 238,000.00 |
| EPS | -0.00 | 0.00 | -0.00 | 0.00 |
| Diluted EPS | -0.00 | 0.00 | -0.00 | 0.00 |
| Average Shares Outstanding Basic | 132,309.00 | 137,306.00 | 139,012.00 | 145,659.80 |
| Average Shares Outstanding Diluted | 132,309.00 | 141,800.00 | 145,617.00 | 154,228.20 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 36,000.00 | -300,000.00 | -4,000.00 | 353,000.00 |
| Operating Net Income | 2,000.00 | -129,000.00 | -44,000.00 | 213,000.00 |
| Deprecation and Amortization | 0 | 0 | 16,000.00 | 0 |
| Deferred Income Tax | 6,000.00 | -65,000.00 | -105,000.00 | -1,000.00 |
| Share Based Compensation | 24,000.00 | 21,000.00 | 16,000.00 | 11,000.00 |
| Change in Working Capital | -41,000.00 | -294,000.00 | 118,000.00 | 173,000.00 |
| Other Operating Activities | 0 | 0 | -5,000.00 | 0 |
| Investing Cash Flow | 69,000.00 | -95,000.00 | -222,000.00 | -14,000.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -29,000.00 | -8,000.00 | -5,000.00 | -4,000.00 |
| Net Purchase/Sale of Investments Net | 100,000.00 | 84,000.00 | -218,000.00 | 0 |
| Net Purchase/Sale of Business | 0 | -129,000.00 | 0 | 0 |
| Other Investing Activities | -2,000.00 | -42,000.00 | 1,000.00 | -10,000.00 |
| Financing Cash Flow | -102,000.00 | -64,000.00 | -101,000.00 | -94,000.00 |
| Net Issuance/Repayment of Debt | 92,000.00 | -12,000.00 | -3,000.00 | 14,000.00 |
| Net Issuance/Repurchase of Equity | -170,000.00 | -30,000.00 | -88,000.00 | -100,000.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -24,000.00 | -22,000.00 | -10,000.00 | -8,000.00 |
| Net Change in Cash | 3,000.00 | -459,000.00 | -327,000.00 | 245,000.00 |
| Cash at Beginning of Period | 316,000.00 | 774,000.00 | 1,102,000.00 | 858,000.00 |
| Cash at End of Period | 319,000.00 | 316,000.00 | 774,000.00 | 1,102,000.00 |
| Free Cash Flow | 5,000.00 | -353,000.00 | -9,000.00 | 319,000.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 1,416,000.00 | 1,452,000.00 | 1,375,000.00 | 1,319,000.00 | 1,464,000.00 |
| Current Assets | 922,000.00 | 951,000.00 | 883,000.00 | 839,000.00 | 799,000.00 |
| Cash and Short-Term Investments | 445,000.00 | 510,000.00 | 373,000.00 | 320,000.00 | 318,000.00 |
| Cash and Cash Equivalents | 445,000.00 | 510,000.00 | 372,000.00 | 319,000.00 | 288,000.00 |
| Short-Term Investments | 0 | 0 | 1,000.00 | 1,000.00 | 30,000.00 |
| Net Receivables | 272,000.00 | 0 | 0 | 0 | 0 |
| Inventory | 157,000.00 | 149,000.00 | 163,000.00 | 178,000.00 | 178,000.00 |
| Other Current Assets | 48,000.00 | 0 | 0 | 0 | 0 |
| Non-Current Assets | 496,000.00 | 500,000.00 | 493,000.00 | 481,000.00 | 665,000.00 |
| Property, Plant, Equipment Net | 154,000.00 | 152,000.00 | 142,000.00 | 139,000.00 | 116,000.00 |
| Goodwill | 0 | 0 | 0 | 2,000.00 | 2,000.00 |
| Intangible Assets | 0 | 0 | 0 | 5,000.00 | 188,000.00 |
| Long-Term Investments | 28,000.00 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 285,000.00 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 1,623,000.00 | 1,710,000.00 | 1,661,000.00 | 1,667,000.00 | 1,631,000.00 |
| Current Liabilities | 965,000.00 | 1,056,000.00 | 1,005,000.00 | 939,000.00 | 962,000.00 |
| Payables and Expenses | 859,000.00 | 0 | 0 | 0 | 0 |
| Account Payables | 41,000.00 | 50,000.00 | 46,000.00 | 63,000.00 | 50,000.00 |
| Current Accrued Liabilities | 787,000.00 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 28,000.00 | 29,000.00 | 29,000.00 | 28,000.00 | 14,000.00 |
| Other Current Liabilities | 78,000.00 | 0 | 0 | 0 | 0 |
| Non-Current Liabilities | 658,000.00 | 654,000.00 | 656,000.00 | 728,000.00 | 669,000.00 |
| Long-Term Debt | 328,000.00 | 337,000.00 | 341,000.00 | 347,000.00 | 270,000.00 |
| Other Non-Current Liabilities | 330,000.00 | 317,000.00 | 315,000.00 | 381,000.00 | 399,000.00 |
| Equity | -207,000.00 | -258,000.00 | -286,000.00 | -348,000.00 | -167,000.00 |
| Shareholders Equity | -207,000.00 | -258,000.00 | -286,000.00 | -348,000.00 | -167,000.00 |
| Capital Stock | 62,000.00 | 62,000.00 | 62,000.00 | 62,000.00 | 65,000.00 |
| Share Premium | 109,000.00 | 101,000.00 | 93,000.00 | 90,000.00 | 24,000.00 |
| Retained Earnings | -346,000.00 | -388,000.00 | -406,000.00 | -454,000.00 | 1,070,000.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -32,000.00 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 356,000.00 | 366,000.00 | 370,000.00 | 375,000.00 | 284,000.00 |
| Net Debt | 0 | 0 | 0 | 14,000.00 | 0 |
| Common Shares Outstanding | 124,769.82 | 124,769.82 | 124,758.95 | 124,903.00 | 129,575.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 314,000.00 | 302,000.00 | 266,000.00 | 299,000.00 | 307,000.00 |
| Cost Of Revenue | 83,000.00 | 52,000.00 | 44,000.00 | 23,000.00 | 66,000.00 |
| Interest Income | 6,000.00 | 6,000.00 | 4,000.00 | 6,000.00 | 5,000.00 |
| Interest Expense | 12,000.00 | 15,000.00 | 12,000.00 | 13,000.00 | 11,000.00 |
| Non-Interest Expense | 155,000.00 | 158,000.00 | 132,000.00 | -47,000.00 | 142,000.00 |
| Gross Profit | 231,000.00 | 250,000.00 | 222,000.00 | 276,000.00 | 241,000.00 |
| Operating Expenses | 187,000.00 | 179,000.00 | 154,000.00 | -16,000.00 | 168,000.00 |
| Selling, General and Administrative Expenses | 155,000.00 | 158,000.00 | 132,000.00 | -47,000.00 | 142,000.00 |
| Research and Development Expenses | 33,000.00 | 21,000.00 | 22,000.00 | 31,000.00 | 22,000.00 |
| Other Operating Expenses | -1,000.00 | 0 | 0 | 0 | 4,000.00 |
| Operating Income | 44,000.00 | 71,000.00 | 68,000.00 | 292,000.00 | 73,000.00 |
| EBT | 37,000.00 | 62,000.00 | 59,000.00 | 88,000.00 | 30,000.00 |
| Income Tax | -5,000.00 | 44,000.00 | 11,000.00 | 28,000.00 | 8,000.00 |
| Net Income Including Non-Controlling Interests | 42,000.00 | 18,000.00 | 48,000.00 | 60,000.00 | 22,000.00 |
| Net Income | 42,000.00 | 18,000.00 | 47,000.00 | 59,000.00 | 22,000.00 |
| EBIT | 49,000.00 | 77,000.00 | 71,000.00 | 101,000.00 | 41,000.00 |
| Deprecation and Amortization | 5,000.00 | 5,000.00 | 5,000.00 | 5,000.00 | 8,000.00 |
| EBITDA | 54,000.00 | 82,000.00 | 76,000.00 | 106,000.00 | 49,000.00 |
| 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 | 123,529.41 | 120,000.00 | 123,684.21 | 126,611.00 | 132,103.00 |
| Average Shares Outstanding Diluted | 127,272.73 | 128,571.43 | 123,684.21 | 128,080.00 | 133,552.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -39,000.00 | 158,000.00 | 75,000.00 | -5,000.00 | 2,000.00 |
| Operating Net Income | 43,000.00 | 18,000.00 | 47,000.00 | 66,000.00 | 22,000.00 |
| Deprecation and Amortization | 5,000.00 | 0 | 0 | 0 | 8,000.00 |
| Deferred Income Tax | -15,000.00 | 9,000.00 | -2,000.00 | 0 | 0 |
| Share Based Compensation | 7,000.00 | 8,000.00 | 6,000.00 | 6,000.00 | 6,000.00 |
| Change in Working Capital | -97,000.00 | 121,000.00 | 18,000.00 | -124,000.00 | -38,000.00 |
| Other Operating Activities | 18,000.00 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | -20,000.00 | -17,000.00 | -5,000.00 | 10,000.00 | 35,000.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -20,000.00 | -17,000.00 | -5,000.00 | -16,000.00 | -7,000.00 |
| Net Purchase/Sale of Investments Net | 0 | -1,000.00 | 1,000.00 | 26,000.00 | 41,000.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | -3,000.00 | -5,000.00 | -17,000.00 | 27,000.00 | -51,000.00 |
| Net Issuance/Repayment of Debt | -4,000.00 | -4,000.00 | -4,000.00 | 94,000.00 | -1,000.00 |
| Net Issuance/Repurchase of Equity | 2,000.00 | -1,000.00 | -10,000.00 | -50,000.00 | -50,000.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -1,000.00 | 0.00 | -3,000.00 | -17,000.00 | 0.00 |
| Net Change in Cash | -62,000.00 | 136,000.00 | 53,000.00 | 32,000.00 | -13,000.00 |
| Cash at Beginning of Period | 510,000.00 | 372,000.00 | 319,000.00 | 288,000.00 | 302,000.00 |
| Cash at End of Period | 445,000.00 | 510,000.00 | 372,000.00 | 319,000.00 | 288,000.00 |
| Free Cash Flow | -59,000.00 | 140,000.00 | 70,000.00 | -21,000.00 | -5,000.00 |