Valuation Ratios

Breakdown 2024-12-31 2023-12-31
Price to Earnings 70.40 69.24
Price to Sales 2.93 1.61
Book Value Per Common Share 14.76
Price to Book 1.36
Price to Operating Cash Flow 10.34 5.13
Price to Free Cash Flow -378.41 29.37
Enterprise Value to EBITDA 66631.55 34931.01
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 2023-09-30 2023-06-30
Price to Earnings -217.47 77.89 109.71 -414.29 389.43 70.10 63.86 54.13
Price to Sales 9.97 9.31 9.94 7.53 7.41 9.82 5.94 4.71
Book Value Per Common Share 14.79 14.76 15.14 3.27
Price to Book 1.85 1.36 1.18 4.97
Price to Operating Cash Flow 28.67 41.08
Price to Free Cash Flow 89.13 -245.86
Enterprise Value to EBITDA 313631.47 181645.58 202337.95 205274.28 175893.27 165421.52 119855.35 75270.62

Earnings Data

Breakdown 2024-12-31 2023-12-31
Earning YoY 100.00
Revenue YoY 36.33
EBITDA YoY 20.92
Net Profit YoY 148.65
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 2023-09-30 2023-06-30
Earning YoY 29.41 -82.05 39.29 -6.67
Revenue YoY -0.03 -2.06 6.50 4.84 43.70 -6.71 13.61
EBITDA YoY -38.16 2.11 0.99 -8.87 2.10 10.83 -9.31
Net Profit YoY 29.87 59.36 -79.40 38.90 24.26

Financial Strength

Breakdown 2024-12-31 2023-12-31
Cash Per Common Share 0.06 0.08
Quick Ratio 0.81 0.56
Current Ratio 1.20 1.10
Debt to Equity 2.23 1.84
Long-Term Debt to Equity 2.00 1.65
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 2023-09-30 2023-06-30
Cash Per Common Share 0.01 0.06 0.02 0.05 0.09 0.05 0.12 0.07 0.08 0.70
Quick Ratio 0.62 0.73 0.77 0.81 0.83 0.62 0.64 0.56 0.55 0.77
Current Ratio 0.98 1.10 1.17 1.20 1.27 1.05 1.11 1.10 0.97 1.25
Debt to Equity 2.48 2.25 2.27 2.23 2.22 2.03 1.90 1.84 1.77 15.91
Long-Term Debt to Equity 2.21 2.01 2.03 2.00 1.97 1.81 1.69 1.65 1.58 14.82

Profitability

Breakdown 2024-12-31 2023-12-31
ROA 1.13 0.62
ROE 3.63 1.76
Gross Margin -18.62 37.24
Operating Margin 23.55 30.30
EBITDA Margin 46.41 52.33
Net Profit Margin 4.30 2.36
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 2023-09-30 2023-06-30
ROA -0.32 0.90 0.69 -0.13 0.14 0.91 0.67 0.54
ROE -1.12 2.93 2.24 -0.40 0.43 2.64 1.86 9.08
Gross Margin -8.02 -7.10 -16.91 37.55 36.47 39.44 34.90 36.77
Operating Margin 11.13 30.72 26.93 14.04 19.76 37.05 30.04 41.48
EBITDA Margin 31.67 51.20 49.10 36.68 42.20 59.39 50.00 62.63
Net Profit Margin -4.34 12.23 9.23 -1.74 2.01 14.03 9.42 8.62

Dividends

Breakdown 2024-12-31 2023-12-31
Dividend Yield 0.00
Dividend Payout Ratio 62.33
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 2023-09-30 2023-06-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31
Assets 4,435,123.00 3,244,106.00
   Current Assets 383,661.00 230,963.00
      Cash and Short-Term Investments 4,750.00 5,562.00
            Cash and Cash Equivalents 4,750.00 5,562.00
            Short-Term Investments 0 0
      Net Receivables 253,637.00 113,192.00
      Inventory 103,341.00 76,238.00
      Other Current Assets 21,933.00 35,971.00
   Non-Current Assets 4,051,462.00 3,013,143.00
      Property, Plant, Equipment Net 3,448,776.00 2,569,807.00
      Goodwill 415,213.00 305,553.00
      Intangible Assets 162,747.00 122,888.00
      Long-Term Investments 0 0
      Non-Current Deferred Assets 0 0
      Other Non-Current Assets 24,726.00 14,895.00
Liabilities 3,061,516.00 2,101,453.00
   Current Liabilities 319,369.00 210,629.00
      Payables and Expenses 246,294.00 146,920.00
            Account Payables 57,562.00 49,842.00
            Current Accrued Liabilities 188,732.00 97,078.00
      Short-Term Debt 9,930.00 0
      Other Current Liabilities 63,145.00 63,709.00
   Non-Current Liabilities 2,742,147.00 1,890,824.00
      Long-Term Debt 2,635,171.00 1,825,928.00
      Other Non-Current Liabilities 106,976.00 64,896.00
Equity 1,373,607.00 1,142,653.00
   Shareholders Equity 0 1,142,653.00
      Capital Stock 901.00 774.00
      Share Premium 1,305,375.00 963,760.00
      Retained Earnings 93,637.00 178,119.00
      Treasury Shares -40,000.00 0
      Accumulated Other Comprehensive Income 0 0
   Minority Interest 13,694.00 0
Investments 12,629.00 8,100.00
Debt 2,635,171.00 1,825,928.00
Net Debt 2,630,421.00 1,820,366.00
Common Shares Outstanding 87,800.00 77,400.00
Preferred Shares Outstanding 800.00 0
Breakdown 2024-12-31 2023-12-31
Revenues 1,159,311.00 850,381.00
Cost Of Revenue 1,375,128.00 533,740.00
Gross Profit -215,817.00 316,641.00
Operating Expenses -465,267.00 72,531.00
   Selling, General and Administrative Expenses 151,680.00 73,308.00
   Other Operating Expenses -616,947.00 -777.00
Operating Income 249,450.00 244,110.00
Net Non-Operating Income -173,542.00 -208,974.00
Interest Expense 197,144.00 222,514.00
Net Interest -197,144.00 0
EBT 75,908.00 35,136.00
Income Tax 25,574.00 15,070.00
Net Income Including Non-Controlling Interests 50,334.00 0
Net Income Non-Controlling Interests -439.00 0
Net Income 49,895.00 20,066.00
EBIT 273,052.00 257,650.00
Deprecation and Amortization 265,002.00 187,334.00
EBITDA 538,054.00 444,984.00
EPS 0.00 0.00
Diluted EPS 0.00 0.00
Average Shares Outstanding Basic 83,094.00 68,058.63
Average Shares Outstanding Diluted 85,170.00 68,327.02
Breakdown 2024-12-31 2023-12-31
Operating Cash Flow 327,987.00 266,326.00
   Operating Net Income 50,334.00 20,066.00
   Deprecation and Amortization 265,002.00 187,334.00
   Deferred Income Tax 15,429.00 7,863.00
   Share Based Compensation 17,658.00 5,914.00
   Change in Working Capital -76,298.00 -25,261.00
   Other Operating Activities 55,862.00 70,410.00
Investing Cash Flow -292,468.00 -218,421.00
   Capital Expenditure -336,956.00 -219,795.00
   Net Purchase/Sale of PPE -301,926.00 -218,346.00
   Net Purchase/Sale of Investments Net 0 -75.00
   Net Purchase/Sale of Business 9,458.00 0
   Other Investing Activities 336,956.00 219,795.00
Financing Cash Flow -36,331.00 -62,774.00
   Net Issuance/Repayment of Debt 158,743.00 -223,879.00
   Net Issuance/Repurchase of Equity 40,000.00 277,840.00
   Dividends Paid 133,886.00 -12,507.00
   Other Financing Activities -368,960.00 -104,228.00
Net Change in Cash -812.00 -14,869.00
   Cash at Beginning of Period 5,562.00 20,431.00
   Cash at End of Period 4,750.00 5,562.00
Free Cash Flow -8,969.00 46,531.00
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 2023-09-30 2023-06-30
Assets 4,371,879.00 4,375,927.00 4,436,122.00 4,435,123.00 4,492,008.00 4,439,280.00 3,316,431.00 3,244,106.00 3,244,240.00 3,261,363.00
   Current Assets 341,462.00 345,525.00 387,078.00 383,661.00 443,357.00 352,359.00 263,255.00 230,963.00 216,470.00 262,152.00
      Cash and Short-Term Investments 724.00 5,428.00 1,950.00 4,750.00 7,434.00 3,852.00 9,306.00 5,562.00 6,128.00 41,371.00
            Cash and Cash Equivalents 724.00 5,428.00 1,950.00 4,750.00 7,434.00 3,852.00 9,306.00 5,562.00 6,128.00 41,371.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0
      Net Receivables 215,878.00 224,656.00 253,660.00 253,637.00 280,436.00 203,426.00 143,237.00 113,192.00 116,875.00 119,254.00
      Inventory 101,241.00 101,004.00 99,802.00 103,341.00 118,085.00 119,649.00 82,906.00 76,238.00 70,606.00 76,813.00
      Other Current Assets 23,619.00 14,437.00 31,666.00 21,933.00 37,402.00 25,432.00 27,806.00 35,971.00 22,861.00 24,714.00
   Non-Current Assets 4,030,417.00 4,030,402.00 4,049,044.00 4,051,462.00 4,048,651.00 4,086,921.00 3,053,176.00 3,013,143.00 3,027,770.00 2,999,211.00
      Property, Plant, Equipment Net 3,453,127.00 3,440,205.00 3,451,521.00 3,448,776.00 3,460,814.00 3,478,788.00 2,594,002.00 2,569,807.00 2,544,563.00 2,521,645.00
      Goodwill 408,681.00 415,213.00 415,213.00 415,213.00 413,532.00 403,390.00 305,553.00 305,553.00 305,553.00 305,553.00
      Intangible Assets 156,440.00 158,999.00 161,040.00 162,747.00 161,263.00 165,213.00 120,520.00 122,888.00 125,257.00 127,625.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 17.00 17.00 0 0 0 0
      Other Non-Current Assets 12,169.00 15,985.00 21,270.00 24,726.00 13,025.00 39,513.00 33,101.00 14,895.00 52,397.00 44,388.00
Liabilities 3,117,300.00 3,027,461.00 3,080,265.00 3,061,516.00 3,095,616.00 2,975,898.00 2,171,458.00 2,101,453.00 2,072,448.00 3,068,488.00
   Current Liabilities 349,012.00 313,318.00 329,869.00 319,369.00 348,788.00 334,434.00 237,904.00 210,629.00 223,200.00 209,798.00
      Payables and Expenses 279,540.00 228,926.00 250,881.00 246,294.00 278,610.00 263,016.00 169,572.00 146,920.00 151,283.00 123,540.00
            Account Payables 75,968.00 50,385.00 71,724.00 57,562.00 85,848.00 65,592.00 60,721.00 49,842.00 48,835.00 35,100.00
            Current Accrued Liabilities 203,572.00 178,541.00 179,157.00 188,732.00 192,762.00 197,424.00 108,851.00 97,078.00 102,448.00 88,440.00
      Short-Term Debt 0 0 0 9,930.00 10,006.00 9,479.00 3,065.00 0 0 4,853.00
      Other Current Liabilities 69,472.00 84,392.00 78,988.00 63,145.00 60,172.00 61,939.00 65,267.00 63,709.00 71,917.00 81,405.00
   Non-Current Liabilities 2,768,288.00 2,714,143.00 2,750,396.00 2,742,147.00 2,746,828.00 2,641,464.00 1,933,554.00 1,890,824.00 1,849,248.00 2,858,690.00
      Long-Term Debt 2,655,639.00 2,594,148.00 2,640,831.00 2,635,171.00 2,648,626.00 2,538,714.00 1,862,160.00 1,825,928.00 1,781,938.00 2,799,325.00
      Other Non-Current Liabilities 112,649.00 119,995.00 109,565.00 106,976.00 98,202.00 102,750.00 71,394.00 64,896.00 67,310.00 59,365.00
Equity 1,254,579.00 1,348,466.00 1,355,857.00 1,373,607.00 1,396,392.00 1,463,382.00 1,144,973.00 1,142,653.00 1,171,792.00 192,875.00
   Shareholders Equity 0 0 0 0 0 0 1,144,973.00 1,142,653.00 1,171,792.00 192,875.00
      Capital Stock 906.00 903.00 903.00 901.00 901.00 898.00 774.00 774.00 774.00 590.00
      Share Premium 1,329,794.00 1,317,475.00 1,311,473.00 1,305,375.00 1,159,431.00 1,157,735.00 965,732.00 963,760.00 956,465.00 0
      Retained Earnings 31,575.00 86,013.00 87,092.00 93,637.00 111,214.00 152,220.00 178,467.00 178,119.00 214,553.00 192,285.00
      Treasury Shares -110,320.00 -59,956.00 -49,956.00 -40,000.00 -25,000.00 0 0 0 0 0
      Accumulated Other Comprehensive Income -2,379.00 -8,316.00 -5,684.00 0 0 0 0 0 0 0
   Minority Interest 5,003.00 12,347.00 12,029.00 13,694.00 149,846.00 152,529.00 0 0 0 0
Investments 0 0 0 12,629.00 12,600.00 12,600.00 8,100.00 8,100.00 0 0
Debt 2,655,639.00 2,594,148.00 2,640,831.00 2,635,171.00 2,648,626.00 2,538,714.00 1,862,160.00 1,825,928.00 1,781,938.00 2,799,325.00
Net Debt 2,654,915.00 2,588,720.00 2,638,881.00 2,630,421.00 2,641,192.00 2,534,862.00 1,852,854.00 1,820,366.00 1,775,810.00 2,757,954.00
Common Shares Outstanding 86,700.00 87,600.00 87,800.00 87,800.00 0 84,312.36 77,434.58 77,400.00 77,400.00 59,000.00
Preferred Shares Outstanding 300.00 700.00 700.00 800.00 5,562.27 5,562.27 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
Revenues 322,744.00 322,843.00 329,642.00 309,519.00 324,647.00 309,653.00 215,492.00 230,983.00 203,306.00
Cost Of Revenue 348,642.00 345,753.00 385,383.00 845,143.00 202,743.00 196,732.00 130,510.00 150,377.00 128,546.00
Gross Profit -25,898.00 -22,910.00 -55,741.00 -535,624.00 121,904.00 112,921.00 84,982.00 80,606.00 74,760.00
Operating Expenses -90,098.00 -122,640.00 -144,927.00 -604,670.00 55,825.00 58,754.00 24,824.00 19,648.00 12,700.00
   Selling, General and Administrative Expenses 37,771.00 35,121.00 32,255.00 31,401.00 35,528.00 59,927.00 24,824.00 19,648.00 13,438.00
   Other Operating Expenses -127,869.00 -157,761.00 -177,182.00 -636,071.00 20,297.00 -1,173.00 0.00 0.00 -738.00
Operating Income 64,200.00 99,730.00 89,186.00 69,046.00 66,079.00 54,167.00 60,158.00 60,958.00 62,060.00
Net Non-Operating Income -84,698.00 -46,301.00 -47,626.00 -33,899.00 -74,474.00 -45,118.00 -20,051.00 -31,288.00 -38,692.00
Interest Expense 56,406.00 45,755.00 47,224.00 51,280.00 53,991.00 52,133.00 39,740.00 39,710.00 60,964.00
Net Interest -56,406.00 -45,755.00 -47,224.00 -143,153.00 -53,991.00 0 0 0 0
EBT -20,498.00 53,429.00 41,560.00 35,147.00 -8,395.00 9,049.00 40,107.00 29,670.00 23,368.00
Income Tax 6,301.00 13,445.00 10,524.00 11,179.00 2,184.00 2,336.00 9,875.00 7,904.00 5,851.00
Net Income Including Non-Controlling Interests -14,197.00 39,984.00 31,036.00 49,832.00 -6,211.00 6,713.00 0 0 0
Net Income Non-Controlling Interests 186.00 -488.00 -625.00 -517.00 563.00 -485.00 0 0 0
Net Income -14,011.00 39,496.00 30,411.00 19,083.00 -5,648.00 6,228.00 30,232.00 21,766.00 17,517.00
EBIT 35,908.00 99,184.00 88,784.00 86,427.00 45,596.00 61,182.00 79,847.00 69,380.00 84,332.00
Deprecation and Amortization 66,300.00 66,100.00 73,084.00 73,858.00 73,500.00 69,500.00 48,144.00 46,100.00 43,000.00
EBITDA 102,208.00 165,284.00 161,868.00 160,285.00 119,096.00 130,682.00 127,991.00 115,480.00 127,332.00
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 87,055.00 87,699.00 87,879.00 86,449.28 84,292.08 84,202.35 77,432.28 76,731.87 59,000.00
Average Shares Outstanding Diluted 87,055.00 90,040.00 90,606.00 87,616.23 84,292.08 90,669.24 78,102.45 76,899.48 59,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
Operating Cash Flow 0 0 114,328.00 276,445.00 0 0 51,542.00 0 0
   Operating Net Income -14,197.00 39,984.00 31,036.00 19,600.00 -6,211.00 6,713.00 30,232.00 21,766.00 17,517.00
   Deprecation and Amortization 66,300.00 66,100.00 73,084.00 73,858.00 73,500.00 69,500.00 48,144.00 46,100.00 43,000.00
   Deferred Income Tax 0 0 7,016.00 9,168.00 0 0 6,261.00 0 0
   Share Based Compensation 0 0 6,978.00 14,810.00 0 0 2,848.00 0 0
   Change in Working Capital 0 0 -2,421.00 -45,870.00 0 0 -30,428.00 0 0
   Other Operating Activities 0 0 -1,365.00 61,377.00 0 0 -5,515.00 0 0
Investing Cash Flow 0 0 -68,177.00 -232,318.00 0 0 -60,150.00 0 0
   Capital Expenditure 0.00 0.00 -77,553.00 -276,803.00 0.00 0.00 -60,153.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 -68,177.00 -241,773.00 0 0 -60,153.00 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 3.00 0 0
   Net Purchase/Sale of Business 0 0 0 9,458.00 0 0 0 0 0
   Other Investing Activities 0 0 77,553.00 276,803.00 0 0 60,153.00 0 0
Financing Cash Flow 0 0 -48,951.00 -48,683.00 0 0 12,352.00 0 0
   Net Issuance/Repayment of Debt 0 0 618.00 108,242.00 0 0 50,501.00 0 0
   Net Issuance/Repurchase of Equity 0 0 9,956.00 40,000.00 0 0 0 230,800.00 0
   Dividends Paid 0 0 36,445.00 36,380.00 35,113.00 32,578.00 29,815.00 0 0
   Other Financing Activities 0 0 -95,970.00 -300,996.00 0 0 -67,964.00 0 0
Net Change in Cash 0 0 -2,800.00 -4,556.00 0 0 3,744.00 0 0
   Cash at Beginning of Period 0 0 4,750.00 9,306.00 0 0 5,562.00 0 0
   Cash at End of Period 724.00 5,428.00 1,950.00 4,750.00 7,434.00 3,852.00 9,306.00 6,128.00 41,371.00
Free Cash Flow 0 0 36,775.00 -358.00 0 0 -8,611.00 0 0