Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 76.82 263.50
Price to Sales 1.33 1.76
Book Value Per Common Share 2.70 2.47 2.31 2.33 2.01
Price to Book 3.12 4.27
Price to Operating Cash Flow 8.79 19.75
Price to Free Cash Flow
Enterprise Value to EBITDA 92968.27 135167.45
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2021-06-30 2021-03-31 2020-12-31
Price to Earnings 47.09 52.00 -538.00 95.71 -341.50 -171.40
Price to Sales 2.01 3.61 3.27 1.41 2.21 5.69
Book Value Per Common Share 2.73 2.67 2.63 2.70 2.61 2.51 2.46 2.47 2.17 2.11 2.01
Price to Book 3.80 2.34 2.05 3.12 2.56 2.72 3.49 4.27
Price to Operating Cash Flow 12.46 18.52 63.82 11.38 54.08 481.46
Price to Free Cash Flow 22.54
Enterprise Value to EBITDA 116285.89 178018.14 288670.30 107060.79 211514.84 886593.40

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 175.00 4344.44 -98.71 -91.86
Revenue YoY 7.22 14.44 7.36 5.13
EBITDA YoY 16.98 10.99 -13.71 -24.38
Net Profit YoY 168.92 4744.44 -98.73 -91.81
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2021-06-30 2021-03-31 2020-12-31
Earning YoY 83.33 133.33
Revenue YoY 197.78 3.70 53.77 105.32 -35.10 101.52
EBITDA YoY 152.93 83.17 93.07 234.45 -76.32 98.72
Net Profit YoY 76.64 124.05

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.02 0.01 0.01 0.01 0.48
Quick Ratio 1.23 1.28 1.18 1.21 1.06
Current Ratio 1.82 1.95 1.71 1.71 1.29
Debt to Equity 0.80 0.97 1.07 1.02 1.38
Long-Term Debt to Equity 0.49 0.67 0.77 0.75 0.82
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2021-06-30 2021-03-31 2020-12-31
Cash Per Common Share 0.05 0.03 0.07 0.02 0.02 0.01 0.04 0.01 0.01 0.14 0.48
Quick Ratio 1.35 1.59 1.59 1.23 1.37 1.35 1.23 1.28 0.99 1.44 1.06
Current Ratio 1.90 2.19 2.21 1.82 1.98 2.07 1.87 1.95 1.37 1.93 1.29
Debt to Equity 0.78 0.85 0.89 0.80 0.90 1.03 1.01 0.97 1.15 1.11 1.38
Long-Term Debt to Equity 0.45 0.56 0.60 0.49 0.59 0.73 0.67 0.67 0.79 0.83 0.82

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 2.26 0.85 0.02 1.46 17.87
ROE 4.08 1.67 0.04 2.94 42.53
Gross Margin 52.20 50.17 55.10 57.17 60.33
Operating Margin 5.07 3.20 1.39 2.57 9.03
EBITDA Margin 14.34 13.14 13.55 16.86 23.44
Net Profit Margin 1.74 0.69 0.02 1.39 17.80
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2021-06-30 2021-03-31 2020-12-31
ROA 4.64 2.58 -0.26 1.34 -0.36 -1.06 1.54 0.73
ROE 8.28 4.77 -0.48 2.54 -0.74 -2.13 3.31 1.54
Gross Margin 55.84 55.20 55.21 51.66 50.45 51.49 60.10 59.58
Operating Margin 7.62 10.61 1.70 4.17 1.45 -2.63 2.97 3.29
EBITDA Margin 16.89 19.89 11.26 13.16 10.48 6.43 17.63 17.88
Net Profit Margin 4.28 7.22 -0.77 1.40 -0.60 -3.48 3.00 2.70

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 2024-06-30 2024-03-31 2023-12-31 2021-06-30 2021-03-31 2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 103,614.00 102,915.00 99,388.00 97,586.00 96,991.00
   Current Assets 32,165.00 30,620.00 24,779.00 22,065.00 29,771.00
      Cash and Short-Term Investments 527.00 231.00 165.00 186.00 9,648.00
            Cash and Cash Equivalents 527.00 231.00 165.00 186.00 9,648.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 21,155.00 19,830.00 16,871.00 15,405.00 14,720.00
      Inventory 6,528.00 6,402.00 4,821.00 3,939.00 3,001.00
      Other Current Assets 3,955.00 4,157.00 2,922.00 2,535.00 2,402.00
   Non-Current Assets 71,449.00 72,295.00 74,609.00 75,521.00 67,220.00
      Property, Plant, Equipment Net 9,404.00 11,024.00 48,003.00 48,635.00 8,757.00
      Goodwill 3,710.00 3,710.00 3,710.00 3,710.00 0
      Intangible Assets 6,456.00 7,446.00 8,436.00 10,930.00 11,177.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 7,188.00 9,115.00 9,625.00 10,033.00 9,967.00
      Other Non-Current Assets 44,691.00 41,000.00 4,835.00 2,213.00 37,319.00
Liabilities 46,085.00 50,613.00 51,385.00 49,314.00 56,239.00
   Current Liabilities 17,661.00 15,713.00 14,467.00 12,896.00 22,997.00
      Payables and Expenses 14,648.00 12,609.00 8,341.00 7,862.00 6,779.00
            Account Payables 9,848.00 8,009.00 8,341.00 7,862.00 6,779.00
            Current Accrued Liabilities 4,800.00 4,600.00 0 0 0
      Short-Term Debt 0 0 0 349.00 9,423.00
      Other Current Liabilities 3,013.00 3,104.00 0 4,685.00 6,795.00
   Non-Current Liabilities 28,424.00 34,900.00 36,918.00 36,418.00 33,242.00
      Long-Term Debt 28,424.00 34,900.00 36,918.00 36,418.00 33,242.00
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00
Equity 57,529.00 52,302.00 48,003.00 48,272.00 40,752.00
   Shareholders Equity 57,529.00 52,302.00 48,003.00 48,272.00 40,752.00
      Capital Stock 2.00 2.00 2.00 2.00 2.00
      Share Premium 113,868.00 109,837.00 105,856.00 101,905.00 84,785.00
      Retained Earnings -57,460.00 -58,625.00 -59,344.00 -53,903.00 -44,035.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 1,119.00 1,088.00 1,489.00 268.00 0
   Minority Interest 0 0 0 0 0
Debt 28,424.00 34,900.00 36,918.00 36,767.00 42,665.00
Net Debt 27,897.00 34,669.00 32,992.00 32,911.00 33,017.00
Common Shares Outstanding 21,272.35 21,196.85 20,781.98 20,699.55 20,297.70
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 134,861.00 125,785.00 109,914.00 102,382.00 97,388.00
Cost Of Revenue 64,458.00 62,676.00 49,354.00 43,846.00 38,629.00
Interest Expense 1,777.00 2,170.00 1,402.00 1,377.00 1,255.00
Non-Interest Expense 0 0 56,412.00 51,454.00 0
Gross Profit 70,403.00 63,109.00 60,560.00 58,536.00 58,759.00
Operating Expenses 63,512.00 59,021.00 58,906.00 55,716.00 49,932.00
   Selling, General and Administrative Expenses 62,521.00 58,031.00 56,412.00 51,454.00 44,856.00
   Other Operating Expenses 991.00 990.00 0 0 5,076.00
Operating Income 6,891.00 4,088.00 1,654.00 2,820.00 8,827.00
Net Non-Operating Income -1,832.00 -2,237.00 -122.00 -186.00 -1,284.00
EBT 5,059.00 1,851.00 130.00 1,257.00 7,543.00
Income Tax 2,714.00 979.00 112.00 -163.00 9,789.00
Net Income Including Non-Controlling Interests 0 0 18.00 1,420.00 0
Net Income 2,345.00 872.00 18.00 1,420.00 17,332.00
EBIT 6,836.00 4,021.00 1,532.00 2,634.00 8,798.00
Deprecation and Amortization 12,499.00 12,508.00 13,360.00 14,625.00 14,025.00
EBITDA 19,335.00 16,529.00 14,892.00 17,259.00 22,823.00
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 21,271.61 21,024.38 20,648.82 20,519.96 20,106.94
Average Shares Outstanding Diluted 21,707.15 21,646.08 21,547.31 22,049.66 21,717.22
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 20,459.00 11,223.00 17,517.00 18,316.00 20,280.00
   Operating Net Income 2,345.00 872.00 18.00 1,420.00 17,332.00
   Deprecation and Amortization 12,499.00 12,508.00 13,360.00 14,625.00 14,025.00
   Deferred Income Tax 1,918.00 633.00 19.00 -153.00 -10,071.00
   Share Based Compensation 4,460.00 4,074.00 3,825.00 6,404.00 2,610.00
   Change in Working Capital -1,328.00 7,977.00 385.00 -2,692.00 3,659.00
   Other Operating Activities 565.00 -14,841.00 -90.00 -1,288.00 -7,275.00
Investing Cash Flow -13,239.00 -6,734.00 -11,478.00 -21,315.00 -12,162.00
   Capital Expenditure 0.00 0.00 0 0 0.00
   Net Purchase/Sale of PPE 5,686.00 5,407.00 -11,478.00 -13,339.00 5,846.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 -7,976.00 0
   Other Investing Activities -18,925.00 -12,141.00 0.00 0.00 -18,008.00
Financing Cash Flow -6,924.00 -4,423.00 -6,060.00 -6,463.00 -1,117.00
   Net Issuance/Repayment of Debt 56,113.00 55,499.00 -13.00 -5,469.00 37,180.00
   Net Issuance/Repurchase of Equity 1,567.00 1,217.00 -6,652.00 -1,732.00 190.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -64,604.00 -61,139.00 605.00 738.00 -38,487.00
Net Change in Cash 296.00 66.00 -21.00 -9,462.00 7,001.00
   Cash at Beginning of Period 231.00 165.00 186.00 9,648.00 2,647.00
   Cash at End of Period 527.00 231.00 165.00 186.00 9,648.00
Free Cash Flow 0 0 2,441.00 1,660.00 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2021-06-30 2021-03-31 2020-12-31
Assets 98,881.00 100,849.00 104,282.00 103,614.00 105,303.00 108,527.00 104,850.00 102,915.00 95,997.00 90,587.00 96,991.00
   Current Assets 35,571.00 34,800.00 35,322.00 32,165.00 33,613.00 32,913.00 32,456.00 30,620.00 21,675.00 23,487.00 29,771.00
      Cash and Short-Term Investments 955.00 720.00 1,506.00 527.00 380.00 146.00 822.00 231.00 164.00 2,761.00 9,648.00
            Cash and Cash Equivalents 955.00 720.00 1,506.00 527.00 380.00 146.00 822.00 231.00 164.00 2,761.00 9,648.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 24,309.00 24,481.00 23,892.00 21,155.00 22,761.00 21,325.00 20,543.00 19,830.00 15,525.00 14,693.00 14,720.00
      Inventory 5,590.00 5,668.00 6,095.00 6,528.00 6,700.00 6,839.00 6,249.00 6,402.00 3,722.00 3,229.00 3,001.00
      Other Current Assets 4,717.00 3,931.00 3,829.00 3,955.00 3,772.00 4,603.00 4,842.00 4,157.00 2,264.00 2,804.00 2,402.00
   Non-Current Assets 63,310.00 66,049.00 68,960.00 71,449.00 71,690.00 75,614.00 72,394.00 72,295.00 74,322.00 67,100.00 67,220.00
      Property, Plant, Equipment Net 8,169.00 45,538.00 9,166.00 9,404.00 9,645.00 10,019.00 10,437.00 11,024.00 8,421.00 8,703.00 8,757.00
      Goodwill 3,710.00 3,710.00 3,710.00 3,710.00 3,710.00 3,710.00 3,710.00 3,710.00 3,711.00 0 0
      Intangible Assets 7,077.00 7,150.00 6,208.00 6,456.00 6,704.00 6,951.00 7,199.00 7,446.00 13,053.00 11,321.00 11,177.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 4,812.00 5,956.00 6,749.00 7,188.00 7,815.00 8,644.00 9,236.00 9,115.00 10,612.00 10,147.00 9,967.00
      Other Non-Current Assets 39,542.00 3,695.00 43,127.00 44,691.00 43,816.00 46,290.00 41,812.00 41,000.00 38,525.00 36,929.00 37,319.00
Liabilities 43,410.00 46,315.00 49,134.00 46,085.00 49,790.00 55,040.00 52,574.00 50,613.00 51,297.00 47,638.00 56,239.00
   Current Liabilities 18,718.00 15,861.00 15,969.00 17,661.00 16,936.00 15,880.00 17,312.00 15,713.00 15,849.00 12,158.00 22,997.00
      Payables and Expenses 10,024.00 9,318.00 8,367.00 14,648.00 8,908.00 9,940.00 9,796.00 12,609.00 7,804.00 6,553.00 6,779.00
            Account Payables 10,024.00 9,318.00 8,367.00 9,848.00 8,908.00 9,940.00 9,796.00 8,009.00 7,804.00 6,553.00 6,779.00
            Current Accrued Liabilities 0 0 0 4,800.00 0 0 0 4,600.00 0 0 0
      Short-Term Debt 0 0 0 0 0 0 0 0 520.00 671.00 9,423.00
      Other Current Liabilities 8,694.00 6,543.00 7,602.00 3,013.00 8,028.00 5,940.00 7,516.00 3,104.00 7,525.00 4,934.00 6,795.00
   Non-Current Liabilities 24,692.00 30,454.00 33,165.00 28,424.00 32,854.00 39,160.00 35,262.00 34,900.00 35,448.00 35,480.00 33,242.00
      Long-Term Debt 24,692.00 30,454.00 33,165.00 28,424.00 32,854.00 39,160.00 35,262.00 34,900.00 35,448.00 35,480.00 33,242.00
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Equity 55,471.00 54,534.00 55,148.00 57,529.00 55,513.00 53,487.00 52,276.00 52,302.00 44,700.00 42,949.00 40,752.00
   Shareholders Equity 55,471.00 54,534.00 55,148.00 57,529.00 55,513.00 53,487.00 52,276.00 52,302.00 44,700.00 42,949.00 40,752.00
      Capital Stock 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00
      Share Premium 116,259.00 115,338.00 114,898.00 113,868.00 112,869.00 111,493.00 110,715.00 109,837.00 87,213.00 86,163.00 84,785.00
      Retained Earnings -61,432.00 -61,523.00 -60,622.00 -57,460.00 -58,194.00 -59,303.00 -59,737.00 -58,625.00 -42,554.00 -43,374.00 -44,035.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 642.00 717.00 870.00 1,119.00 836.00 1,295.00 1,296.00 1,088.00 39.00 158.00 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Debt 24,692.00 30,454.00 33,165.00 28,424.00 32,854.00 39,160.00 35,262.00 34,900.00 35,968.00 36,151.00 42,665.00
Net Debt 23,737.00 25,627.00 31,659.00 27,897.00 32,474.00 39,014.00 34,440.00 34,669.00 35,804.00 33,390.00 33,017.00
Common Shares Outstanding 20,327.35 20,425.96 20,973.62 21,272.35 21,234.30 21,315.05 21,290.25 21,196.85 20,565.63 20,396.60 20,297.70
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2021-06-30 2021-03-31
Revenues 107,206.00 36,002.00 34,716.00 -63,840.00 101,013.00 65,693.00 31,995.00 49,297.00 24,463.00
Cost Of Revenue 47,345.00 16,128.00 15,549.00 -32,440.00 48,826.00 32,551.00 15,521.00 19,671.00 9,887.00
Interest Expense 1,039.00 373.00 336.00 -1,035.00 1,416.00 940.00 456.00 639.00 322.00
Non-Interest Expense 0 15,850.00 0 0 0 0 0 0 0
Gross Profit 59,861.00 19,874.00 19,167.00 -31,400.00 52,187.00 33,142.00 16,474.00 29,626.00 14,576.00
Operating Expenses 51,655.00 16,097.00 18,549.00 -33,851.00 47,912.00 32,132.00 17,319.00 28,057.00 13,703.00
   Selling, General and Administrative Expenses 50,946.00 15,850.00 18,301.00 -33,356.00 47,169.00 31,637.00 17,071.00 26,027.00 12,730.00
   Other Operating Expenses 709.00 0 248.00 -495.00 743.00 495.00 248.00 2,030.00 973.00
Operating Income 8,206.00 3,777.00 618.00 2,451.00 4,275.00 1,010.00 -845.00 1,569.00 873.00
Net Non-Operating Income -1,080.00 42.00 -365.00 1,101.00 -1,480.00 -1,000.00 -453.00 -745.00 -391.00
EBT 7,126.00 3,446.00 253.00 3,552.00 2,795.00 10.00 -1,298.00 824.00 482.00
Income Tax 2,535.00 847.00 520.00 740.00 1,383.00 405.00 186.00 657.00 179.00
Net Income Including Non-Controlling Interests 0 2,599.00 0 0 0 0 0 0 0
Net Income 4,591.00 2,599.00 -267.00 2,440.00 1,412.00 -395.00 -1,112.00 1,481.00 661.00
EBIT 8,165.00 3,819.00 589.00 2,517.00 4,211.00 950.00 -842.00 1,463.00 804.00
Deprecation and Amortization 9,945.00 3,341.00 3,320.00 -5,412.00 9,078.00 5,933.00 2,900.00 7,229.00 3,570.00
EBITDA 18,110.00 7,160.00 3,909.00 -2,895.00 13,289.00 6,883.00 2,058.00 8,692.00 4,374.00
EPS 0.00 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 0.00
Average Shares Outstanding Basic 20,779.27 20,806.97 21,125.02 21,326.38 21,271.86 21,262.43 21,225.77 20,413.42 20,338.16
Average Shares Outstanding Diluted 21,165.79 21,056.46 21,125.02 22,632.57 21,707.83 21,262.43 21,225.77 22,017.46 21,937.64
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2021-06-30 2021-03-31
Operating Cash Flow 17,282.00 7,009.00 1,780.00 4,868.00 12,528.00 2,686.00 377.00 8,814.00 2,651.00
   Operating Net Income 4,591.00 2,599.00 -267.00 2,440.00 1,412.00 -395.00 -1,112.00 1,481.00 661.00
   Deprecation and Amortization 9,945.00 3,341.00 3,320.00 -5,412.00 9,078.00 5,933.00 2,900.00 7,229.00 3,570.00
   Deferred Income Tax 2,530.00 843.00 520.00 316.00 1,383.00 405.00 -186.00 -658.00 -180.00
   Share Based Compensation 3,091.00 661.00 1,108.00 -1,928.00 3,276.00 2,055.00 1,057.00 3,007.00 1,635.00
   Change in Working Capital 960.00 313.00 807.00 -3,017.00 124.00 1,172.00 393.00 908.00 858.00
   Other Operating Activities -3,835.00 -748.00 -3,708.00 12,469.00 -2,745.00 -6,484.00 -2,675.00 -3,153.00 -3,893.00
Investing Cash Flow -4,598.00 -1,685.00 -2,661.00 4,263.00 -9,970.00 -7,114.00 -418.00 -11,264.00 -2,802.00
   Capital Expenditure 0.00 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 3,009.00 -273.00 885.00 -1,789.00 3,316.00 2,720.00 1,439.00 1,837.00 1,014.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 1,412.00 0 0 0 0 0 0 7,490.00 1,204.00
   Other Investing Activities -9,019.00 0 -3,546.00 6,052.00 -13,286.00 -9,834.00 -1,857.00 -20,591.00 -5,020.00
Financing Cash Flow -12,256.00 -6,110.00 1,860.00 -9,490.00 -2,409.00 4,343.00 632.00 -7,034.00 -6,736.00
   Net Issuance/Repayment of Debt 44,265.00 -2,368.00 14,407.00 -26,304.00 40,415.00 26,744.00 15,258.00 53,982.00 40,093.00
   Net Issuance/Repurchase of Equity 8,899.00 -3,730.00 3,054.00 -489.00 1,362.00 508.00 186.00 562.00 308.00
   Dividends Paid 0 0 0 0 0 0 0 0 0
   Other Financing Activities -65,420.00 -12.00 -15,601.00 17,303.00 -44,186.00 -22,909.00 -14,812.00 -61,578.00 -47,137.00
Net Change in Cash 428.00 -786.00 979.00 -359.00 149.00 -85.00 591.00 -9,484.00 -6,887.00
   Cash at Beginning of Period 527.00 1,506.00 527.00 886.00 231.00 231.00 231.00 9,648.00 9,648.00
   Cash at End of Period 955.00 720.00 1,506.00 527.00 380.00 146.00 822.00 164.00 2,761.00
Free Cash Flow 0 5,762.00 0 0 0 0 0 0 0