Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 0.00 0.00 0.00 0.00
Price to Sales 0.00 0.00 0.00 0.00
Book Value Per Common Share 154948.72 149717.72 134801.15 124559.61
Price to Book 0.00 0.00 0.00 0.00
Price to Operating Cash Flow 0.01 0.00 0.00 -0.01
Price to Free Cash Flow 0.01 0.00 0.00 -0.01
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 0.02 0.02 0.01 0.01
Price to Sales 0.01 0.01 0.00 0.00 0.00
Book Value Per Common Share 163619.30 162210.94 158287.92 154948.72 153621.66
Price to Book 0.00 0.00 0.00 0.00 0.00
Price to Operating Cash Flow 0.00 0.04 0.01 -0.02 -0.01
Price to Free Cash Flow 0.00 0.04 0.01 -0.02 -0.01
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 11.23 5.71 -1.61
Revenue YoY 3.36 18.54 -3.45
EBITDA YoY
Net Profit YoY 10.62 10.63 -9.60
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -2.28 3.93 -6.18
Revenue YoY -6.95 1.72 11.45 -6.74
EBITDA YoY
Net Profit YoY -2.95 2.25 241.03 -69.23

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share
Quick Ratio
Current Ratio
Debt to Equity 11.67 11.21 11.80 12.28
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share
Quick Ratio
Current Ratio
Debt to Equity 11.97 11.81 11.81 11.67 11.44
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 0.64 0.62 0.58 0.67
ROE 8.16 7.52 7.41 8.93
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 24.27 22.67 24.29 25.95
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.21 0.22 0.21 0.06 0.21
ROE 2.66 2.76 2.74 0.81 2.62
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 32.47 31.13 30.97 10.12 30.67

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.70 0.74 0.95 0.55
Dividend Payout Ratio 30.48 26.12 36.07 22.27
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield 0.11 0.14 0.13
Dividend Payout Ratio 20.47 62.07 19.11

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 757,845,532,000.00 715,725,416,000.00 688,653,482,000.00 655,714,947,000.00
      Cash and Short-Term Investments 0 0 0 0
            Cash and Cash Equivalents 30,792,747,000.00 30,787,443,000.00 32,474,750,000.00 31,677,868,000.00
            Short-Term Investments 93,895,912,000.00 82,498,140,000.00 79,533,418,000.00 60,376,243,000.00
      Net Receivables 12,571,958,000.00 14,444,214,000.00 204,690,000.00 98,798,000.00
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 5,390,015,000.00 4,945,699,000.00 4,991,467,000.00 5,239,898,000.00
      Goodwill 874,048,000.00 866,974,000.00 845,155,000.00 806,407,000.00
      Intangible Assets 1,092,635,000.00 1,083,884,000.00 1,013,315,000.00 2,459,950,000.00
      Long-Term Investments 210,741,881,000.00 199,162,111,000.00 186,227,825,000.00 179,796,831,000.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 698,030,351,000.00 657,089,226,000.00 634,850,225,000.00 606,348,908,000.00
      Payables and Expenses 31,729,453,000.00 33,498,027,000.00 998,681,000.00 663,506,000.00
            Account Payables 36,125,000.00 36,005,000.00 35,259,000.00 33,972,000.00
            Current Accrued Liabilities 7,016,830,000.00 6,554,317,000.00 4,776,080,000.00 3,577,280,000.00
      Short-Term Debt 0 0 0 0
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 127,967,864,000.00 121,388,997,000.00 140,415,569,000.00 124,342,562,000.00
      Other Non-Current Liabilities 0 0 0 0
Equity 59,815,181,000.00 58,636,190,000.00 53,803,257,000.00 49,366,039,000.00
   Shareholders Equity 57,888,952,000.00 56,692,684,000.00 52,523,155,000.00 48,532,701,000.00
      Capital Stock 2,090,558,000.00 2,090,558,000.00 2,090,558,000.00 2,090,558,000.00
      Share Premium 16,646,734,000.00 16,647,916,000.00 16,940,731,000.00 16,940,231,000.00
      Retained Earnings 34,808,220,000.00 31,934,600,000.00 28,890,922,000.00 26,416,564,000.00
      Treasury Shares 1,236,060,000.00 1,165,837,000.00 836,188,000.00 1,136,188,000.00
      Accumulated Other Comprehensive Income 496,922,000.00 2,152,644,000.00 1,002,881,000.00 1,383,315,000.00
   Minority Interest 1,926,229,000.00 1,943,506,000.00 1,280,102,000.00 833,338,000.00
Debt 127,967,864,000.00 121,388,997,000.00 140,415,569,000.00 124,342,562,000.00
Net Debt 96,210,718,000.00 90,012,751,000.00 107,940,819,000.00 92,664,694,000.00
Common Shares Outstanding 373,600.72 378,663.83 389,634.34 389,634.34
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 20,104,320,000.00 19,450,646,000.00 16,407,836,000.00 16,993,299,000.00
Interest Income 30,491,385,000.00 29,142,024,000.00 20,787,417,000.00 15,210,878,000.00
Interest Expense 17,664,671,000.00 16,961,164,000.00 9,236,529,000.00 3,981,306,000.00
Non-Interest Expense 8,066,843,000.00 8,044,561,000.00 7,489,744,000.00 7,902,702,000.00
   Selling, General and Administrative Expenses 6,075,386,000.00 5,848,671,000.00 5,819,942,000.00 6,295,661,000.00
Net Non-Operating Income -1,030,393,000.00 -311,703,000.00 12,992,000.00 -143,673,000.00
EBT 6,985,247,000.00 6,120,151,000.00 5,394,963,000.00 6,081,606,000.00
Income Tax 1,956,641,000.00 1,593,817,000.00 1,504,061,000.00 1,697,225,000.00
Net Income Including Non-Controlling Interests 5,028,606,000.00 4,526,334,000.00 3,890,902,000.00 4,384,381,000.00
Net Income Non-Controlling Interests 49,615,000.00 68,501,000.00 221,591,000.00 25,162,000.00
Net Income 4,878,421,743.51 4,409,919,787.39 3,986,090,899.22 4,409,543,000.00
Deprecation and Amortization 916,295,000.00 865,927,000.00 878,841,000.00 1,006,688,000.00
EPS 12.88 11.58 10.96 11.13
Diluted EPS 12.73 11.31 10.71 10.89
Average Shares Outstanding Basic 378,765.03 384,029.39 389,634.34 389,634.34
Average Shares Outstanding Diluted 383,367.92 393,330.17 410,539.93 398,579.54
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 4,020,186,000.00 4,108,816,000.00 4,760,492,000.00 -2,025,390,000.00
   Operating Net Income 5,028,606,000.00 4,526,334,000.00 3,890,902,000.00 4,384,381,000.00
   Deprecation and Amortization 916,295,000.00 865,927,000.00 878,841,000.00 1,006,688,000.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 140,453,000.00 69,703,000.00 58,275,000.00 101,935,000.00
   Change in Working Capital 3,091,952,000.00 1,804,838,000.00 2,897,155,000.00 -11,960,344,000.00
   Other Operating Activities -5,157,120,000.00 -3,157,986,000.00 -2,964,681,000.00 4,441,950,000.00
Investing Cash Flow -3,825,055,000.00 -3,519,492,000.00 -19,635,879,000.00 -3,856,014,000.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -318,562,000.00 -341,961,000.00 -265,756,000.00 -279,597,000.00
   Net Purchase/Sale of Investments Net -3,105,329,000.00 -2,638,283,000.00 -20,730,657,000.00 -3,901,093,000.00
   Net Purchase/Sale of Business 88,528,000.00 1,297,001,000.00 932,428,000.00 374,992,000.00
   Other Investing Activities -489,692,000.00 -1,836,249,000.00 428,106,000.00 -50,316,000.00
Financing Cash Flow -1,983,837,000.00 -1,239,069,000.00 15,179,824,000.00 10,821,398,000.00
   Net Issuance/Repayment of Debt 513,724,000.00 -2,363,903,000.00 15,388,180,000.00 11,325,788,000.00
   Net Issuance/Repurchase of Equity -820,000,000.00 -571,745,000.00 0 0
   Dividends Paid -1,486,978,000.00 -1,151,900,000.00 -1,437,750,000.00 -981,879,000.00
   Other Financing Activities -190,583,000.00 2,848,479,000.00 1,229,394,000.00 477,489,000.00
Net Change in Cash -1,788,706,000.00 -649,745,000.00 304,437,000.00 4,939,994,000.00
   Cash at Beginning of Period 25,826,588,000.00 26,534,798,000.00 26,033,162,000.00 20,091,735,000.00
   Cash at End of Period 24,608,867,000.00 25,826,588,000.00 26,534,798,000.00 25,273,273,000.00
Free Cash Flow 3,393,277,000.00 3,428,251,000.00 4,263,020,000.00 -2,503,699,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 796,063,202,000.00 780,622,664,000.00 770,327,137,000.00 757,845,532,000.00 745,334,299,000.00
      Cash and Short-Term Investments 0 0 0 0 0
            Cash and Cash Equivalents 25,270,758,000.00 34,118,314,000.00 30,657,613,000.00 30,792,747,000.00 26,228,938,000.00
            Short-Term Investments 96,280,371,000.00 95,091,827,000.00 95,754,172,000.00 93,895,912,000.00 89,451,645,000.00
      Net Receivables 367,390,000.00 344,131,000.00 328,985,000.00 12,571,958,000.00 315,156,000.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 5,136,837,000.00 5,179,524,000.00 5,424,795,000.00 5,390,015,000.00 5,277,479,000.00
      Goodwill 0 0 0 874,048,000.00 0
      Intangible Assets 0 0 0 1,092,635,000.00 0
      Long-Term Investments 221,441,969,000.00 214,633,461,000.00 212,356,011,000.00 210,741,881,000.00 202,646,666,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 734,692,109,000.00 719,668,715,000.00 710,192,373,000.00 698,030,351,000.00 685,424,283,000.00
      Payables and Expenses 748,196,000.00 477,380,000.00 608,452,000.00 31,729,453,000.00 408,170,000.00
            Account Payables 0 0 0 36,125,000.00 0
            Current Accrued Liabilities 0 0 0 7,016,830,000.00 0
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0
      Long-Term Debt 127,092,086,000.00 122,786,563,000.00 126,046,905,000.00 127,967,864,000.00 122,192,497,000.00
      Other Non-Current Liabilities 0 0 0 0 0
Equity 61,371,093,000.00 60,953,949,000.00 60,134,764,000.00 59,815,181,000.00 59,910,016,000.00
   Shareholders Equity 59,582,290,000.00 59,069,434,000.00 58,234,952,000.00 57,888,952,000.00 57,948,499,000.00
      Capital Stock 2,090,558,000.00 2,090,558,000.00 2,090,558,000.00 2,090,558,000.00 2,090,558,000.00
      Share Premium 16,623,244,000.00 16,645,909,000.00 16,603,176,000.00 16,646,734,000.00 16,617,900,000.00
      Retained Earnings 37,992,091,000.00 36,688,909,000.00 36,156,396,000.00 34,808,220,000.00 34,569,260,000.00
      Treasury Shares 1,466,389,000.00 1,241,538,000.00 1,700,174,000.00 1,236,060,000.00 906,739,000.00
      Accumulated Other Comprehensive Income -450,598,000.00 -276,887,000.00 -401,586,000.00 496,922,000.00 494,967,000.00
   Minority Interest 1,788,803,000.00 1,884,515,000.00 1,899,812,000.00 1,926,229,000.00 1,961,517,000.00
Debt 127,092,086,000.00 122,786,563,000.00 126,046,905,000.00 127,967,864,000.00 122,192,497,000.00
Net Debt 101,821,328,000.00 88,668,249,000.00 95,389,292,000.00 96,210,718,000.00 95,963,559,000.00
Common Shares Outstanding 364,151.97 364,151.97 367,905.21 373,600.72 377,215.69
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 5,036,164,000.00 5,412,457,000.00 5,320,913,000.00 4,774,115,000.00 5,119,268,000.00 0
Interest Income 7,194,969,000.00 7,284,633,000.00 7,454,941,000.00 7,628,050,000.00 7,637,675,000.00 0
Interest Expense 3,858,787,000.00 4,178,107,000.00 4,192,776,000.00 4,324,025,000.00 4,450,130,000.00 0
Non-Interest Expense 1,943,654,000.00 2,234,340,000.00 1,979,012,000.00 2,440,400,000.00 1,847,820,000.00 0
   Selling, General and Administrative Expenses 1,430,967,000.00 1,618,127,000.00 1,485,094,000.00 1,875,107,000.00 1,421,577,000.00 0
Net Non-Operating Income -78,970,000.00 205,357,000.00 8,130,000.00 -75,355,000.00 -76,170,000.00 0
EBT 2,261,433,000.00 2,343,141,000.00 2,306,606,000.00 924,380,000.00 2,291,992,000.00 0
Income Tax 606,205,000.00 595,561,000.00 607,484,000.00 265,692,000.00 690,181,000.00 0
Net Income Including Non-Controlling Interests 1,655,228,000.00 1,747,580,000.00 1,699,122,000.00 658,688,000.00 1,601,811,000.00 0
Net Income Non-Controlling Interests 30,812,000.00 -9,158,000.00 -1,851,000.00 24,244,000.00 17,907,000.00 0
Net Income 1,635,037,323.51 1,684,737,486.59 1,647,637,329.31 483,132,743.51 1,570,083,420.18 0
Deprecation and Amortization 228,045,000.00 223,218,000.00 223,912,000.00 240,345,000.00 232,219,000.00 0
EPS 4.50 4.60 4.43 0 4.14 4.42
Diluted EPS 4.46 4.57 4.38 0 4.11 4.38
Average Shares Outstanding Basic 363,482.63 365,983.13 372,004.10 0 378,880.36 380,328.99
Average Shares Outstanding Diluted 366,764.82 369,038.46 375,839.36 0 382,513.57 383,801.69
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -7,023,446,000.00 823,291,000.00 2,999,527,000.00 -986,616,000.00 -3,212,649,000.00
   Operating Net Income 1,655,228,000.00 1,747,580,000.00 1,699,122,000.00 658,688,000.00 1,601,811,000.00
   Deprecation and Amortization 228,045,000.00 223,218,000.00 223,912,000.00 240,345,000.00 232,219,000.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 29,399,000.00 87,612,000.00 -5,909,000.00 27,083,000.00 21,699,000.00
   Change in Working Capital -7,127,006,000.00 1,459,655,000.00 2,436,242,000.00 -1,578,854,000.00 -3,123,439,000.00
   Other Operating Activities -1,809,112,000.00 -2,694,774,000.00 -1,353,840,000.00 -333,878,000.00 -1,944,939,000.00
Investing Cash Flow -1,119,948,000.00 658,019,000.00 -841,274,000.00 -392,018,000.00 2,935,884,000.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -13,331,000.00 -49,662,000.00 -94,042,000.00 -148,271,000.00 -80,398,000.00
   Net Purchase/Sale of Investments Net -1,178,031,000.00 -1,138,707,000.00 -443,504,000.00 -202,928,000.00 3,281,875,000.00
   Net Purchase/Sale of Business 69,311,000.00 1,132,297,000.00 -36,439,000.00 65,641,000.00 -199,498,000.00
   Other Investing Activities 2,103,000.00 714,091,000.00 -267,289,000.00 -106,460,000.00 -66,095,000.00
Financing Cash Flow -946,056,000.00 2,158,353,000.00 -299,407,000.00 3,475,049,000.00 -4,546,579,000.00
   Net Issuance/Repayment of Debt 1,071,360,000.00 1,760,782,000.00 -128,077,000.00 4,562,460,000.00 -2,212,177,000.00
   Net Issuance/Repurchase of Equity -224,851,000.00 -355,886,000.00 -464,114,000.00 -329,321,000.00 -170,679,000.00
   Dividends Paid -334,652,000.00 0 0 -299,886,000.00 -300,000,000.00
   Other Financing Activities -1,457,913,000.00 0 0 -458,204,000.00 -1,863,723,000.00
Net Change in Cash -9,089,450,000.00 3,639,663,000.00 1,858,846,000.00 2,096,415,000.00 -4,823,344,000.00
   Cash at Beginning of Period 29,869,161,000.00 26,564,184,000.00 24,608,867,000.00 22,116,446,000.00 27,080,178,000.00
   Cash at End of Period 20,885,184,000.00 29,869,161,000.00 26,564,184,000.00 24,608,867,000.00 22,116,446,000.00
Free Cash Flow -7,092,426,000.00 724,738,000.00 2,830,864,000.00 -1,253,495,000.00 -3,317,570,000.00