Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -2.42 -4.75 -5.31
Price to Sales 0.93 2.80 2.04 51.44
Book Value Per Common Share 2.92 2.66 2.46 0.17
Price to Book 1.71 7.63 8.43 112.42
Price to Operating Cash Flow -2.50 -7.12 -7.54 -83.70
Price to Free Cash Flow -2.27 -6.66 -7.34 -82.08
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31 2021-12-31 2021-03-31
Price to Earnings -4.46 -14.70 -6.44 -0.91 -13.33 -336.67
Price to Sales 6.09 4.35 3.16 0.44 3.31 159.43 426.11
Book Value Per Common Share 2.18 2.07 2.36 2.92 1.60 0.15 0.17 0.07
Price to Book 1.70 1.64 1.06 1.71 2.75 133.51 112.42 656.42
Price to Operating Cash Flow -3.88 -14.40 -16.72 -0.60 -10.08 -567.42 -431.19
Price to Free Cash Flow -1.88 -14.28 -16.72 -0.57 -9.27 -565.83 -429.62
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -12.58 -7.40 36.33
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31 2021-12-31 2021-03-31
Earning YoY
Revenue YoY 5.50 9.10 -7.08 -4.42 -17.48 38.25
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.38 0.59 1.51 0.21
Quick Ratio 1.00 0.52 0.74 0.99
Current Ratio 1.09 0.68 0.83 1.08
Debt to Equity 0.65 1.46 1.96 1.89
Long-Term Debt to Equity 0.04 0.11 0.25 0.22
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31 2021-12-31 2021-03-31
Cash Per Common Share 0.09 0.06 0.26 12.18 0.10 0.18 0.21 0.17
Quick Ratio 0.40 0.38 0.50 1.00 0.34 0.90 0.99 0.76
Current Ratio 0.43 0.43 0.54 1.09 0.45 1.07 1.08 0.85
Debt to Equity 0.46 0.91 0.80 0.65 2.23 2.15 1.89 5.26
Long-Term Debt to Equity 0.01 0.04 0.04 0.04 0.13 0.26 0.22 0.60

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -31.47 -68.15 -38.07 -30.69
ROE -51.89 -167.87 -112.72 -88.71
Gross Margin 60.68 55.05 48.76 75.01
Operating Margin -35.73 -58.95 -37.31 -47.26
EBITDA Margin -32.71 -50.84 -27.97 -39.86
Net Profit Margin -37.32 -56.00 -31.31 -45.21
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31 2021-12-31 2021-03-31
ROA -19.41 -6.49 -9.33 -9.55 -7.64 -8.63 -12.76
ROE -28.41 -12.39 -16.80 -15.74 -24.67 -27.20 -79.93
Gross Margin 44.05 43.42 52.20 58.58 58.89 58.03 82.41
Operating Margin -136.27 -30.25 -46.88 -36.81 -25.02 -44.59 -55.40
EBITDA Margin -133.99 -27.77 -44.16 -34.30 -21.72 -30.89 -51.87
Net Profit Margin -136.15 -29.00 -47.99 -47.06 -23.91 -34.26 -51.90

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 2022-03-31 2021-12-31 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 7,981.80 6,326.53 6,836.13 8,984.77
   Current Assets 3,226.53 2,368.41 3,257.39 5,597.19
      Cash and Short-Term Investments 1,731.15 627.64 1,236.77 3,402.70
            Cash and Cash Equivalents 1,731.15 627.64 1,236.77 3,402.70
            Short-Term Investments 0 0 0 0
      Net Receivables 1,231.26 1,184.07 1,668.22 1,739.11
      Inventory 0 0 0 0
      Other Current Assets 264.12 556.70 352.41 455.38
   Non-Current Assets 4,755.27 3,958.13 3,578.74 3,387.58
      Property, Plant, Equipment Net 275.66 340.53 400.67 456.69
      Goodwill 1,417.75 1,417.75 1,274.79 1,274.79
      Intangible Assets 462.11 411.95 289.72 968.28
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 2,599.76 1,787.89 1,613.57 687.82
Liabilities 3,140.90 3,758.29 4,527.11 5,876.87
   Current Liabilities 2,955.83 3,475.23 3,942.88 5,179.57
      Payables and Expenses 569.55 942.74 960.44 2,127.01
            Account Payables 155.66 524.85 338.60 248.59
            Current Accrued Liabilities 319.81 317.08 521.04 1,878.41
      Short-Term Debt 94.25 82.65 103.56 81.83
      Other Current Liabilities 2,292.04 2,449.84 2,878.88 2,970.74
   Non-Current Liabilities 185.06 283.06 584.23 697.30
      Long-Term Debt 185.06 283.06 341.17 434.94
      Other Non-Current Liabilities 0.00 0.00 243.07 262.36
Equity 4,840.90 2,568.24 2,309.02 3,107.91
   Shareholders Equity 5,322.40 3,048.16 2,546.27 2,790.48
      Capital Stock 18.23 11.45 103.67 160.67
      Share Premium 107,755.97 102,976.54 101,728.60 98,440.17
      Retained Earnings -102,414.68 -99,902.72 -98,382.54 -95,779.82
      Treasury Shares 37.12 37.12 892.48 -37.12
      Accumulated Other Comprehensive Income 0 0 -10.99 6.57
   Minority Interest -481.50 -479.92 -237.24 317.43
Debt 279.31 365.71 444.72 516.76
Common Shares Outstanding 1,823.28 1,145.20 1,036.74 16,067.25
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 6,730.60 7,699.04 8,314.09 6,098.60
Cost Of Revenue 2,646.43 3,460.96 4,260.01 1,523.80
Interest Income 0 12.93 0 0
Interest Expense 184.22 0 3.65 0.00
Non-Interest Expense 6,285.52 8,152.63 6,379.86 0
Gross Profit 4,084.18 4,238.08 4,054.08 4,574.80
Operating Expenses 6,489.32 8,776.63 7,155.95 10,355.73
   Selling, General and Administrative Expenses 6,285.52 8,152.63 6,379.86 7,080.10
   Other Operating Expenses 0 0 0 3,275.62
Operating Income -2,405.14 -4,538.55 -3,101.88 -5,780.93
Net Non-Operating Income 0 0 0 2,898.46
EBT -2,589.37 -4,525.62 -3,105.53 -2,882.47
Income Tax 6.32 -139.38 -13.19 43.08
Net Income Including Non-Controlling Interests -2,595.69 -4,414.66 -3,157.39 -2,949.74
Net Income Non-Controlling Interests 83.72 103.37 554.67 192.75
Net Income -2,511.97 -4,311.30 -2,602.72 -2,756.98
EBIT -2,405.14 -4,538.55 -3,101.88 -2,882.47
Deprecation and Amortization 203.80 624.00 776.10 451.43
EBITDA -2,201.34 -3,914.55 -2,325.78 -2,431.04
EPS -0.00 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 0
Average Shares Outstanding Basic 1,252.30 1,062.15 819.53 0
Average Shares Outstanding Diluted 1,252.30 1,062.15 819.53 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -2,501.45 -3,026.93 -2,251.30 -3,748.00
   Operating Net Income -2,595.69 -4,386.24 -3,092.34 0
   Deprecation and Amortization 203.80 624.00 776.10 451.43
   Deferred Income Tax 0 -143.07 -19.29 -21.54
   Share Based Compensation 175.49 299.84 481.43 634.34
   Change in Working Capital -576.51 363.61 185.34 -635.07
   Other Operating Activities 291.45 214.92 -582.54 -4,177.16
Investing Cash Flow -962.89 -946.50 -60.80 -1,288.24
   Capital Expenditure 0 0 0 -74.91
   Net Purchase/Sale of PPE -20.87 -30.43 -15.60 -74.91
   Net Purchase/Sale of Investments Net -700.00 0 0 0
   Net Purchase/Sale of Business 0 -734.97 0 0
   Other Investing Activities -242.02 -181.11 -45.20 -1,138.42
Financing Cash Flow 4,567.86 3,364.30 144.63 4,444.95
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity 4,485.72 3,364.30 144.63 4,444.95
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0 0 0.00
Net Change in Cash 1,103.51 -609.13 -2,167.46 1,285.13
   Cash at Beginning of Period 627.64 1,236.77 3,402.70 2,117.57
   Cash at End of Period 1,731.15 627.64 1,236.77 3,402.70
Free Cash Flow -2,764.34 -3,238.47 -2,312.09 -3,822.91
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31 2021-12-31 2021-03-31
Assets 12,146.01 7,330.83 7,738.78 7,981.80 5,302.12 8,146.93 8,984.77 6,037.75
   Current Assets 1,609.15 1,435.09 1,787.24 3,226.53 1,564.35 5,243.69 5,597.19 3,811.45
      Cash and Short-Term Investments 265.26 125.08 496.44 1,731.15 133.68 2,973.59 3,402.70 2,342.34
            Cash and Cash Equivalents 265.26 125.08 496.44 1,731.15 133.68 2,973.59 3,402.70 2,342.34
            Short-Term Investments 0 0 0 0 0 0 0 0
      Net Receivables 1,222.24 1,161.02 1,147.83 1,231.26 1,031.05 1,444.14 1,739.11 1,066.10
      Inventory 0 0 0 0 0 0 0 0
      Other Current Assets 121.65 148.99 142.97 264.12 399.63 825.96 455.38 403.00
   Non-Current Assets 10,536.86 5,895.74 5,951.54 4,755.27 3,737.77 2,903.24 3,387.58 2,226.30
      Property, Plant, Equipment Net 209.78 233.42 252.76 275.66 277.67 441.04 456.69 484.77
      Goodwill 1,417.75 1,417.75 1,417.75 1,417.75 1,417.75 1,274.79 1,274.79 339.45
      Intangible Assets 5,053.57 388.81 425.27 462.11 458.54 693.66 968.28 357.13
      Long-Term Investments 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0
      Other Non-Current Assets 3,855.76 3,855.76 3,855.76 2,599.76 1,583.81 493.75 687.82 1,044.96
Liabilities 3,846.05 3,489.19 3,440.41 3,140.90 3,659.96 5,561.43 5,876.87 5,073.52
   Current Liabilities 3,736.88 3,354.35 3,280.27 2,955.83 3,442.59 4,896.50 5,179.57 4,495.85
      Payables and Expenses 1,542.74 1,606.04 1,286.46 569.55 1,520.46 2,173.57 2,127.01 1,931.79
            Account Payables 536.62 713.02 426.70 155.66 655.72 460.92 248.59 431.78
            Current Accrued Liabilities 1,006.12 893.02 859.75 319.81 864.74 1,712.66 1,878.41 1,500.01
      Short-Term Debt 100.45 98.35 96.28 94.25 84.49 70.94 81.83 61.89
      Other Current Liabilities 2,093.69 1,649.95 1,897.53 2,292.04 1,837.64 2,651.98 2,970.74 2,502.18
   Non-Current Liabilities 109.17 134.84 160.14 185.06 217.37 664.94 697.30 577.67
      Long-Term Debt 109.17 134.84 160.14 185.06 217.37 428.36 434.94 456.33
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00 236.57 262.36 121.33
Equity 8,299.97 3,841.63 4,298.37 4,840.90 1,642.16 2,585.49 3,107.91 964.23
   Shareholders Equity 8,949.89 4,474.71 4,915.35 5,322.40 2,104.91 2,472.61 2,790.48 964.23
      Capital Stock 41.05 21.66 20.83 18.23 131.40 163.47 160.67 134.65
      Share Premium 114,916.47 108,102.87 108,068.38 107,755.97 103,663.37 98,961.86 98,440.17 94,659.83
      Retained Earnings -105,970.51 -103,612.71 -103,136.74 -102,414.68 -101,652.74 -96,483.08 -95,779.82 -93,793.52
      Treasury Shares 37.12 37.12 37.12 37.12 37.12 -177.10 -37.12 -37.12
      Accumulated Other Comprehensive Income 0 0 0 0 0 7.46 6.57 0.39
   Minority Interest -649.93 -633.08 -616.98 -481.50 -462.75 112.88 317.43 0
Debt 209.62 233.20 256.43 279.31 301.86 499.31 516.76 518.22
Common Shares Outstanding 4,105.37 2,166.35 2,083.33 1,823.28 1,313.99 16,346.97 16,067.25 13,465.02
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31 2021-03-31
Revenues 1,731.76 1,641.49 1,504.59 1,619.21 1,694.10 2,052.88 1,484.85
Cost Of Revenue 968.95 928.78 719.21 670.67 696.52 861.67 261.15
Interest Income 0 4.49 0 0 2.31 0 0
Interest Expense 14.80 0 35.75 0 0 0.00 0.00
Non-Interest Expense 3,083.25 1,168.57 1,449.76 1,503.90 1,365.59 0 0
Gross Profit 762.81 712.71 785.38 948.54 997.57 1,191.21 1,223.70
Operating Expenses 3,122.66 1,209.25 1,490.72 1,544.50 1,421.49 2,645.36 2,311.41
   Selling, General and Administrative Expenses 3,083.25 1,168.57 1,449.76 1,503.90 1,365.59 1,826.15 2,017.57
   Other Operating Expenses 0 0 0 0 0 819.21 293.84
Operating Income -2,359.85 -496.54 -705.34 -595.96 -423.91 -1,454.15 -1,087.71
Net Non-Operating Income 0 0 0 0 0 538.84 265.12
EBT -2,374.65 -492.06 -741.09 -780.64 -421.60 -915.31 -822.59
Income Tax 0 0 0 0.05 0 29.72 133.95
Net Income Including Non-Controlling Interests -2,374.65 -492.06 -741.09 -780.69 -421.60 -907.82 0
Net Income Non-Controlling Interests 16.85 16.09 19.03 18.75 16.56 204.55 0
Net Income -2,357.80 -475.96 -722.06 -761.94 -405.05 -703.26 -770.69
EBIT -2,359.85 -496.54 -705.34 -595.96 -423.91 -915.31 -822.59
Deprecation and Amortization 39.41 40.69 40.96 40.59 55.90 281.27 52.45
EBITDA -2,320.44 -455.86 -664.38 -555.37 -368.02 -634.04 -770.14
EPS -0.00 -0.00 -0.00 -0.01 -0.00 -0.00 0
Diluted EPS -0.00 -0.00 -0.00 -0.01 -0.00 0 0
Average Shares Outstanding Basic 2,848.71 2,110.06 1,893.49 142.11 1,275.44 16,207.11 0
Average Shares Outstanding Diluted 2,848.71 2,110.06 1,893.49 142.11 1,275.44 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-03-31 2021-03-31
Operating Cash Flow -2,716.01 -495.52 -284.13 -1,176.98 -556.93 -577.17 -1,467.47
   Operating Net Income -2,374.65 -492.06 -741.09 -780.69 -421.60 0 0
   Deprecation and Amortization 39.41 40.69 40.96 40.59 55.90 281.27 52.45
   Deferred Income Tax 0 0 0 0 0 -25.79 -64.70
   Share Based Compensation 18.15 -14.68 36.64 37.45 28.37 124.48 106.43
   Change in Working Capital -497.95 -61.07 302.85 -972.74 -211.95 17.70 -267.52
   Other Operating Activities 0 0 0 498.40 -7.64 -974.83 -1,294.12
Investing Cash Flow -2,900.00 -4.00 -1,300.00 -761.27 -48.70 -1.79 -6.13
   Capital Expenditure 0 0 0 0 0 -1.79 -6.13
   Net Purchase/Sale of PPE 0.00 -4.00 0 -20.87 1.97 -1.79 -6.13
   Net Purchase/Sale of Investments Net 0 0 -1,300.00 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0 -50.68 1.79 6.13
Financing Cash Flow 5,756.19 128.16 349.41 3,535.73 120.00 -139.98 1,000.00
   Net Issuance/Repayment of Debt 741.36 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 5,014.83 50.00 349.41 3,535.73 120.00 -139.98 1,000.00
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities 0.00 0 0 0 0.00 0.00 0.00
Net Change in Cash 140.18 -371.36 -1,234.72 1,597.48 -485.63 -429.11 224.77
   Cash at Beginning of Period 125.08 496.44 1,731.15 133.68 619.31 3,402.70 2,117.57
   Cash at End of Period 265.26 125.08 496.44 1,731.15 133.68 2,973.59 2,342.34
Free Cash Flow -5,616.01 -499.52 -284.13 -1,238.25 -605.63 -578.96 -1,473.60