Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 0.32 0.21 0.10 0.25
Price to Sales 0.06 0.05 0.04 0.07
Book Value Per Common Share 14.66 11.23 5.82 0.13
Price to Book 0.43 0.46 0.40 17.07
Price to Operating Cash Flow 0.24 0.71 0.93 0.64
Price to Free Cash Flow 0.49 0.77 1.07 0.65
Enterprise Value to EBITDA 10741.92 8188.21 4123.78 10620.50
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 0.35 1.63 1.36 1.23 0.34
Price to Sales 0.36 0.45 0.41 0.24 0.25
Book Value Per Common Share 83.89 18.24 17.18 14.66 13.44
Price to Book 0.12 0.88 0.80 0.43 0.51
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA 11589.36 53510.91 48350.62 34632.33 46829.43

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -17.99 10.58 151.38
Revenue YoY 6.11 67.11 83.74
EBITDA YoY -5.67 12.58 166.29
Net Profit YoY -18.58 10.00 149.88
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 197.56 -2.77 94.62 -74.41
Revenue YoY -22.05 6.23 26.42 -2.79
EBITDA YoY -28.50 5.35 54.50 25.90
Net Profit YoY -27.48 -3.77 95.80 2.19

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 10.18 6.92 5.41 3.38
Quick Ratio 2.00 1.93 1.31 0.78
Current Ratio 2.15 2.36 1.58 0.85
Debt to Equity 0.73 1.37 1.43 36.73
Long-Term Debt to Equity 0.08 0.41 0.00 0.71
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 2.42 6.00 3.56 10.17 13.94
Quick Ratio 1.62 1.56 1.63 2.00 2.04
Current Ratio 2.05 1.82 1.91 2.15 2.45
Debt to Equity 0.84 0.87 0.74 0.73 0.84
Long-Term Debt to Equity 0.15 0.09 0.08 0.08 0.14

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 19.53 22.99 39.05 48.60
ROE 33.78 54.51 95.02 1833.41
Gross Margin 64.95 63.20 82.72 81.13
Operating Margin 21.51 24.37 36.13 24.26
EBITDA Margin 21.82 24.55 36.44 25.14
Net Profit Margin 18.21 23.74 36.06 26.51
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 4.76 7.14 8.44 5.09 5.14
ROE 8.75 13.34 14.71 8.81 9.46
Gross Margin 80.51 84.89 81.08 75.84 71.00
Operating Margin 31.08 33.88 34.17 27.96 21.58
EBITDA Margin 31.08 33.88 34.17 27.96 21.58
Net Profit Margin 25.61 27.52 30.38 19.62 18.66

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00
Dividend Payout Ratio 28.51 12.07
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 5,409,893.00 5,644,766.00 3,020,870.00 971,432.00
   Current Assets 4,340,482.00 5,389,857.00 2,811,332.00 786,599.00
      Cash and Short-Term Investments 540,523.00 370,193.00 291,018.00 182,551.00
            Cash and Cash Equivalents 540,523.00 370,193.00 291,018.00 182,551.00
            Short-Term Investments 0 0 0 0
      Net Receivables 3,490,424.00 4,032,411.00 2,045,461.00 539,777.00
      Inventory 0 0 0 0
      Other Current Assets 309,535.00 987,253.00 474,853.00 64,271.00
   Non-Current Assets 1,069,411.00 254,909.00 209,538.00 184,833.00
      Property, Plant, Equipment Net 97,156.00 89,991.00 46,504.00 44,607.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 162,267.00 101,481.00 90,497.00 90,528.00
      Non-Current Deferred Assets 72,405.00 61,174.00 70,778.00 48,456.00
      Other Non-Current Assets 737,583.00 2,263.00 1,759.00 1,242.00
Liabilities 2,282,279.00 3,264,305.00 1,779,367.00 945,683.00
   Current Liabilities 2,016,958.00 2,282,400.00 1,776,888.00 927,348.00
      Payables and Expenses 1,654,948.00 1,297,873.00 1,445,193.00 910,440.00
            Account Payables 0 0 0 0
            Current Accrued Liabilities 733,902.00 622,873.00 541,944.00 118,808.00
      Short-Term Debt 0 15,570.00 24,986.00 16,908.00
      Other Current Liabilities 0 968,957.00 306,709.00 0.00
   Non-Current Liabilities 265,321.00 981,905.00 2,479.00 18,335.00
      Long-Term Debt 51,677.00 47,958.00 2,479.00 18,335.00
      Other Non-Current Liabilities 213,644.00 933,947.00 0.00 0.00
Equity 3,127,614.00 2,380,461.00 1,241,503.00 25,749.00
   Shareholders Equity 3,129,273.00 2,382,141.00 1,243,084.00 27,864.00
      Capital Stock 0 0 0 0
      Share Premium 909,649.00 901,932.00 870,562.00 840,580.00
      Retained Earnings 2,241,414.00 1,525,841.00 384,896.00 -794,762.00
      Treasury Shares 28,889.00 35,443.00 9,262.00 0
      Accumulated Other Comprehensive Income 7,099.00 -10,189.00 -3,112.00 -17,954.00
   Minority Interest -1,659.00 -1,680.00 -1,581.00 -2,115.00
Debt 51,677.00 47,958.00 27,465.00 35,243.00
Common Shares Outstanding 213,478.18 212,129.94 213,727.40 216,100.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 5,801,032.00 5,466,873.00 3,271,414.00 1,780,490.00
Cost Of Revenue 2,033,511.00 2,011,553.00 565,227.00 335,933.00
Non-Interest Expense 2,134,861.00 1,753,769.00 1,275,421.00 824,441.00
Gross Profit 3,767,521.00 3,455,320.00 2,706,187.00 1,444,557.00
Operating Expenses 2,519,506.00 2,122,850.00 1,524,168.00 1,012,601.00
   Selling, General and Administrative Expenses 2,134,861.00 1,753,769.00 1,275,421.00 824,441.00
   Research and Development Expenses 372,441.00 296,317.00 216,694.00 143,733.00
Operating Income 1,248,015.00 1,332,470.00 1,182,019.00 431,956.00
Net Non-Operating Income 95,426.00 14,834.00 43,447.00 16,952.00
EBT 1,295,368.00 1,547,182.00 1,327,690.00 585,834.00
Income Tax 238,900.00 247,616.00 155,398.00 125,724.00
Net Income Including Non-Controlling Interests 1,056,468.00 1,297,576.00 1,180,232.00 467,761.00
Net Income Non-Controlling Interests 10.00 43.00 -574.00 4,325.00
Net Income 1,056,478.00 1,297,619.00 1,179,658.00 472,086.00
EBIT 1,248,015.00 1,332,470.00 1,182,019.00 431,956.00
Deprecation and Amortization 17,873.00 9,461.00 9,961.00 15,674.00
EBITDA 1,265,888.00 1,341,931.00 1,191,980.00 447,630.00
EPS 0.02 0.02 0.02 0.01
Diluted EPS 0.02 0.02 0.02 0.01
Average Shares Outstanding Basic 53,108.29 53,499.06 53,814.91 54,025.00
Average Shares Outstanding Diluted 53,108.29 53,499.06 53,814.91 54,025.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 1,425,488.00 389,588.00 133,592.00 184,540.00
   Operating Net Income 1,056,468.00 1,297,576.00 1,180,232.00 467,761.00
   Deprecation and Amortization 17,873.00 9,461.00 9,961.00 15,674.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 59,122.00 54,353.00 42,548.00 15,186.00
   Change in Working Capital 258,928.00 -880,415.00 -1,021,319.00 -216,937.00
   Other Operating Activities 33,097.00 -91,387.00 -77,830.00 -97,144.00
Investing Cash Flow -783,520.00 -105,850.00 -22,949.00 -126,222.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -739,128.00 -30,702.00 -17,468.00 -2,757.00
   Net Purchase/Sale of Investments Net -28,559.00 -77,533.00 0 0
   Net Purchase/Sale of Business -2,683.00 -68,747.00 0 -111,043.00
   Other Investing Activities -13,150.00 71,132.00 -5,481.00 -12,422.00
Financing Cash Flow -332,687.00 -193,481.00 -12,566.00 9,938.00
   Net Issuance/Repayment of Debt 21,580.00 0 0 0
   Net Issuance/Repurchase of Equity -53,261.00 -38,081.00 -14,750.00 0
   Dividends Paid -301,175.00 -156,674.00 0 2,586.00
   Other Financing Activities 169.00 1,274.00 2,184.00 7,352.00
Net Change in Cash 309,281.00 90,257.00 98,077.00 68,256.00
   Cash at Beginning of Period 372,628.00 293,041.00 184,567.00 119,320.00
   Cash at End of Period 677,855.00 372,628.00 293,041.00 184,567.00
Free Cash Flow 686,358.00 358,046.00 116,124.00 181,772.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 7,908,323.00 7,275,795.00 6,394,102.00 5,409,893.00 5,247,386.00
   Current Assets 6,098,458.00 5,492,328.00 4,645,323.00 4,340,482.00 4,883,153.00
      Cash and Short-Term Investments 124,151.00 316,243.00 190,251.00 540,523.00 741,206.00
            Cash and Cash Equivalents 124,151.00 316,243.00 190,251.00 540,523.00 741,206.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 4,711,744.00 4,385,314.00 3,785,845.00 3,490,424.00 3,334,287.00
      Inventory 0 0 0 0 0
      Other Current Assets 1,262,563.00 790,771.00 669,227.00 309,535.00 807,660.00
   Non-Current Assets 1,809,865.00 1,783,467.00 1,748,779.00 1,069,411.00 364,233.00
      Property, Plant, Equipment Net 1,375,696.00 1,397,830.00 1,413,937.00 97,156.00 98,765.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 318,926.00 271,532.00 222,838.00 162,267.00 175,702.00
      Non-Current Deferred Assets 81,389.00 94,005.00 90,951.00 72,405.00 86,783.00
      Other Non-Current Assets 33,854.00 20,100.00 21,053.00 737,583.00 2,983.00
Liabilities 3,605,256.00 3,383,966.00 2,727,789.00 2,282,279.00 2,398,571.00
   Current Liabilities 2,977,982.00 3,021,911.00 2,434,143.00 2,016,958.00 1,992,957.00
      Payables and Expenses 2,529,154.00 2,790,625.00 2,229,636.00 1,654,948.00 1,612,240.00
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 1,329,926.00 1,719,743.00 1,315,100.00 733,902.00 895,795.00
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 448,828.00 231,286.00 204,507.00 362,010.00 380,717.00
   Non-Current Liabilities 627,274.00 362,055.00 293,646.00 265,321.00 405,614.00
      Long-Term Debt 35,945.00 43,376.00 47,134.00 51,677.00 54,244.00
      Other Non-Current Liabilities 591,329.00 318,679.00 246,512.00 213,644.00 351,370.00
Equity 4,303,067.00 3,891,829.00 3,666,313.00 3,127,614.00 2,848,815.00
   Shareholders Equity 4,304,726.00 3,893,488.00 3,667,972.00 3,129,273.00 2,850,495.00
      Capital Stock 0 0 0 0 0
      Share Premium 0 0 0 909,649.00 0
      Retained Earnings 0 0 0 2,241,414.00 0
      Treasury Shares 0 0 0 28,889.00 0
      Accumulated Other Comprehensive Income 0 0 0 7,099.00 0
   Minority Interest 0 0 0 -1,659.00 0
Debt 35,945.00 43,376.00 47,134.00 51,677.00 54,244.00
Common Shares Outstanding 0 213,478.18 213,478.18 213,478.18 212,129.94
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 1,470,210.00 1,886,206.00 1,775,576.00 1,404,493.00 1,444,872.00
Cost Of Revenue 286,492.00 285,084.00 336,011.00 339,323.00 419,056.00
Interest Income 2,412.00 1,285.00 4,175.00 0 2,934.00
Non-Interest Expense 616,605.00 821,047.00 727,289.00 570,891.00 606,388.00
Gross Profit 1,183,718.00 1,601,122.00 1,439,565.00 1,065,170.00 1,025,816.00
Operating Expenses 726,784.00 962,020.00 832,918.00 672,529.00 713,951.00
   Selling, General and Administrative Expenses 616,605.00 821,047.00 727,289.00 570,891.00 606,388.00
   Research and Development Expenses 108,676.00 108,436.00 88,088.00 100,427.00 95,925.00
Operating Income 456,934.00 639,102.00 606,647.00 392,641.00 311,865.00
Net Non-Operating Income 6,485.00 2,793.00 52,389.00 20,460.00 8,742.00
EBT 465,831.00 643,180.00 663,211.00 355,860.00 323,541.00
Income Tax 89,345.00 124,046.00 123,729.00 80,341.00 53,927.00
Net Income Including Non-Controlling Interests 376,486.00 519,134.00 539,482.00 275,519.00 269,614.00
Net Income Non-Controlling Interests 5.00 2.00 2.00 6.00 -2.00
Net Income 376,491.00 519,136.00 539,484.00 275,525.00 269,612.00
EBIT 456,934.00 639,102.00 606,647.00 392,641.00 311,865.00
EBITDA 456,934.00 639,102.00 606,647.00 392,641.00 311,865.00
EPS 0.03 0.01 0.01 0.01 0.02
Diluted EPS 0.03 0.01 0.01 0.01 0.02
Average Shares Outstanding Basic 51,314.55 52,702.79 53,369.55 53,147.35 53,168.25
Average Shares Outstanding Diluted 51,314.55 52,702.79 53,369.55 53,147.35 53,168.25
Breakdown
Operating Cash Flow
   Operating Net Income
   Deprecation and Amortization
   Deferred Income Tax
   Share Based Compensation
   Change in Working Capital
   Other Operating Activities
Investing Cash Flow
   Capital Expenditure
   Net Purchase/Sale of PPE
   Net Purchase/Sale of Investments Net
   Net Purchase/Sale of Business
   Other Investing Activities
Financing Cash Flow
   Net Issuance/Repayment of Debt
   Net Issuance/Repurchase of Equity
   Dividends Paid
   Other Financing Activities
Net Change in Cash
   Cash at Beginning of Period
   Cash at End of Period
Free Cash Flow