Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 24.36 36.00 -80.20 -131.60
Price to Sales 2.19 2.10 1.44 2.83
Book Value Per Common Share 4.51 4.25 3.93 3.95
Price to Book 1.35 1.44 1.02 1.67
Price to Operating Cash Flow 7.40 69.23 6.51 -33.28
Price to Free Cash Flow 9.56 -194.90 7.51 -23.38
Enterprise Value to EBITDA 125961.77 156753.28 166307.43 735670.63
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 77.11 59.62 94.43 87.00 76.71
Price to Sales 8.69 9.83 8.50 8.49 7.10
Book Value Per Common Share 4.51 4.58 4.38 4.51 4.44
Price to Book 1.54 1.69 1.51 1.35 1.21
Price to Operating Cash Flow 39.21 54.81 -726.37 31.87 13.34
Price to Free Cash Flow 59.83 73.18 -188.86 44.32 14.75
Enterprise Value to EBITDA 394640.89 453738.13 364921.03 518966.96 419694.96

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 47.06
Revenue YoY 12.93 10.19 24.79
EBITDA YoY 23.89 107.59 169.78
Net Profit YoY 74.58
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -30.77 85.71 0.00 0.00
Revenue YoY 5.04 1.67 12.85 -6.55
EBITDA YoY 6.78 -6.96 54.36 -8.27
Net Profit YoY -28.20 86.07 4.10 -1.42

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.36 1.14 0.74 0.42
Quick Ratio 2.06 1.55 0.83 1.00
Current Ratio 3.73 3.43 1.84 2.41
Debt to Equity 0.43 0.45 0.83 0.80
Long-Term Debt to Equity 0.24 0.25 0.40 0.50
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 1.22 1.16 1.35 1.44 1.30
Quick Ratio 2.24 2.21 1.93 2.06 2.73
Current Ratio 4.03 4.00 3.30 3.73 4.84
Debt to Equity 0.42 0.42 0.49 0.43 0.38
Long-Term Debt to Equity 0.24 0.24 0.26 0.24 0.24

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 3.89 2.33 -0.72 -0.70
ROE 5.57 3.39 -1.32 -1.26
Gross Margin 43.47 38.94 36.11 29.26
Operating Margin 8.69 6.83 -1.04 -1.55
EBITDA Margin 17.27 15.75 8.36 3.87
Net Profit Margin 8.99 5.81 -1.79 -2.15
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 1.40 2.00 1.06 1.02 1.10
ROE 2.00 2.84 1.57 1.47 1.51
Gross Margin 42.04 42.30 47.14 43.66 41.29
Operating Margin 14.01 13.28 15.46 6.79 9.86
EBITDA Margin 22.01 21.65 23.66 17.30 17.62
Net Profit Margin 11.27 16.48 9.01 9.76 9.25

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
Dividend Yield 0.00
Dividend Payout Ratio 156.37

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 372,255.00 354,907.00 322,379.00 318,667.00
   Current Assets 184,347.00 169,962.00 139,005.00 130,044.00
      Cash and Short-Term Investments 78,435.00 55,641.00 34,258.00 18,587.00
            Cash and Cash Equivalents 78,435.00 55,641.00 34,258.00 18,587.00
            Short-Term Investments 0 0 0 0
      Net Receivables 23,197.00 21,288.00 28,355.00 35,562.00
      Inventory 78,819.00 88,479.00 72,517.00 71,830.00
      Other Current Assets 3,896.00 4,554.00 3,875.00 4,065.00
   Non-Current Assets 187,908.00 184,945.00 183,374.00 188,623.00
      Property, Plant, Equipment Net 45,862.00 35,985.00 28,725.00 29,400.00
      Goodwill 30,313.00 30,313.00 30,313.00 30,313.00
      Intangible Assets 101,860.00 109,642.00 116,696.00 123,279.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 488.00 0 0 0
      Other Non-Current Assets 9,385.00 9,005.00 0 0
Liabilities 112,791.00 110,886.00 146,359.00 141,843.00
   Current Liabilities 49,389.00 49,593.00 75,705.00 54,057.00
      Payables and Expenses 28,188.00 25,346.00 33,526.00 25,691.00
            Account Payables 27,735.00 24,804.00 32,917.00 25,104.00
            Current Accrued Liabilities 453.00 542.00 609.00 587.00
      Short-Term Debt 1,631.00 1,384.00 5,460.00 3,785.00
      Other Current Liabilities 19,570.00 22,863.00 36,719.00 24,581.00
   Non-Current Liabilities 63,402.00 61,293.00 70,654.00 87,786.00
      Long-Term Debt 9,431.00 7,438.00 15,140.00 20,567.00
      Other Non-Current Liabilities 53,971.00 53,855.00 55,514.00 67,219.00
Equity 259,464.00 244,021.00 176,020.00 176,824.00
   Shareholders Equity 259,464.00 244,021.00 176,020.00 176,824.00
      Capital Stock 15,028.00 15,021.00 11,734.00 11,725.00
      Share Premium 266,933.00 265,848.00 210,495.00 210,204.00
      Retained Earnings -25,738.00 -40,200.00 -48,484.00 -46,163.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -3,075.00 -3,075.00 -3,230.00 -3,585.00
   Minority Interest 0 0 0 0
Debt 11,062.00 8,822.00 20,600.00 24,352.00
Net Debt 0 0 0 1,451.00
Common Shares Outstanding 57,505.03 57,479.53 44,832.84 44,799.79
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 160,953.00 142,519.00 129,339.00 103,642.00
Cost Of Revenue 90,986.00 87,029.00 82,636.00 73,314.00
Interest Income 2,118.00 588.00 91.00 295.00
Interest Expense 660.00 1,298.00 914.00 283.00
Non-Interest Expense 30,834.00 27,449.00 25,058.00 17,551.00
Gross Profit 69,967.00 55,490.00 46,703.00 30,328.00
Operating Expenses 49,916.00 45,426.00 42,171.00 31,024.00
   Selling, General and Administrative Expenses 30,834.00 27,449.00 25,058.00 17,551.00
   Research and Development Expenses 15,185.00 13,933.00 13,172.00 11,357.00
   Other Operating Expenses 601.00 919.00 912.00 753.00
Operating Income 20,051.00 10,064.00 4,532.00 -696.00
Net Non-Operating Income -8,081.00 -980.00 -6,266.00 -994.00
EBT 13,334.00 8,429.00 -2,259.00 -1,885.00
Income Tax -1,128.00 145.00 62.00 345.00
Net Income Including Non-Controlling Interests 14,462.00 8,284.00 -2,321.00 -2,230.00
Net Income 14,462.00 8,284.00 -2,321.00 -2,230.00
EBIT 13,994.00 9,727.00 -1,345.00 -1,602.00
Deprecation and Amortization 13,808.00 12,714.00 12,155.00 5,609.00
EBITDA 27,802.00 22,441.00 10,810.00 4,007.00
EPS 0.00 0.00 -0.00 -0.00
Diluted EPS 0.00 0.00 -0.00 -0.00
Average Shares Outstanding Basic 57,848.00 48,830.48 46,420.00 44,600.00
Average Shares Outstanding Diluted 57,848.00 53,675.51 46,420.00 44,600.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 47,594.00 4,315.00 28,586.00 -8,819.00
   Operating Net Income 14,462.00 8,284.00 -2,321.00 -2,230.00
   Deprecation and Amortization 13,808.00 12,714.00 12,155.00 5,609.00
   Deferred Income Tax -1,128.00 145.00 62.00 345.00
   Share Based Compensation 874.00 1,314.00 1,153.00 529.00
   Change in Working Capital 11,413.00 -18,202.00 11,649.00 -14,411.00
   Other Operating Activities 8,165.00 60.00 5,888.00 1,339.00
Investing Cash Flow -10,739.00 -5,843.00 -3,784.00 -61,050.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -10,739.00 -5,843.00 -3,784.00 -3,730.00
   Net Purchase/Sale of Investments Net 0 0 0 39,083.00
   Net Purchase/Sale of Business 0 0 0 -96,403.00
   Other Investing Activities 0 0 0 0
Financing Cash Flow -13,911.00 22,678.00 -9,343.00 18,593.00
   Net Issuance/Repayment of Debt -1,251.00 -18,257.00 -3,726.00 18,574.00
   Net Issuance/Repurchase of Equity 0 58,231.00 0 0
   Dividends Paid 0 0 0 0
   Other Financing Activities -12,660.00 -17,296.00 -5,617.00 19.00
Net Change in Cash 22,944.00 21,150.00 15,459.00 -51,276.00
   Cash at Beginning of Period 55,641.00 34,258.00 18,587.00 70,197.00
   Cash at End of Period 78,435.00 55,641.00 34,258.00 18,587.00
Free Cash Flow 36,854.00 -1,535.00 24,802.00 -12,549.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 377,210.00 368,173.00 375,105.00 372,255.00 351,209.00
   Current Assets 192,734.00 183,269.00 188,500.00 184,347.00 164,409.00
      Cash and Short-Term Investments 71,997.00 65,985.00 76,250.00 78,435.00 72,001.00
            Cash and Cash Equivalents 71,997.00 65,985.00 76,250.00 78,435.00 72,001.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 35,324.00 35,205.00 33,892.00 23,197.00 20,850.00
      Inventory 85,413.00 82,079.00 78,358.00 78,819.00 71,558.00
      Other Current Assets 0.00 0.00 0.00 3,896.00 0.00
   Non-Current Assets 184,476.00 184,904.00 186,605.00 187,908.00 186,800.00
      Property, Plant, Equipment Net 47,289.00 47,144.00 46,945.00 45,862.00 43,600.00
      Goodwill 30,313.00 30,313.00 30,313.00 30,313.00 0
      Intangible Assets 99,186.00 99,640.00 101,422.00 101,860.00 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 488.00 0
      Other Non-Current Assets 7,688.00 7,807.00 7,925.00 9,385.00 0
Liabilities 111,978.00 108,219.00 123,148.00 112,791.00 95,940.00
   Current Liabilities 47,837.00 45,774.00 57,047.00 49,389.00 33,997.00
      Payables and Expenses 34,318.00 33,881.00 44,173.00 28,188.00 22,890.00
            Account Payables 24,875.00 25,077.00 24,854.00 27,735.00 14,786.00
            Current Accrued Liabilities 0 0 0 453.00 0
      Short-Term Debt 1,912.00 1,866.00 1,780.00 1,631.00 1,586.00
      Other Current Liabilities 11,607.00 10,027.00 11,094.00 19,570.00 9,521.00
   Non-Current Liabilities 64,141.00 62,445.00 66,101.00 63,402.00 61,943.00
      Long-Term Debt 9,558.00 9,549.00 9,318.00 9,431.00 9,574.00
      Other Non-Current Liabilities 54,583.00 52,896.00 56,783.00 53,971.00 52,369.00
Equity 265,232.00 259,954.00 251,957.00 259,464.00 255,269.00
   Shareholders Equity 265,232.00 259,954.00 251,957.00 259,464.00 255,269.00
      Capital Stock 15,077.00 15,077.00 15,074.00 15,028.00 15,024.00
      Share Premium 268,222.00 268,243.00 268,160.00 266,933.00 266,588.00
      Retained Earnings -20,636.00 -25,932.00 -33,308.00 -25,738.00 -29,546.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -2,770.00 -2,660.00 -3,235.00 -3,075.00 -3,191.00
   Minority Interest 0 0 0 0 0
Debt 11,470.00 11,415.00 11,098.00 11,062.00 11,160.00
Common Shares Outstanding 0 0 57,505.03 57,505.03 57,492.31
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 47,010.00 44,754.00 44,018.00 39,005.00 41,740.00
Cost Of Revenue 27,248.00 25,825.00 23,269.00 21,974.00 24,506.00
Interest Income 492.00 453.00 534.00 684.00 646.00
Interest Expense 221.00 192.00 192.00 189.00 167.00
Non-Interest Expense 9,324.00 8,625.00 8,708.00 5,394.00 8,515.00
Gross Profit 19,762.00 18,929.00 20,749.00 17,031.00 17,234.00
Operating Expenses 11,946.00 11,858.00 12,954.00 11,953.00 11,940.00
   Selling, General and Administrative Expenses 9,324.00 8,625.00 8,708.00 5,394.00 8,515.00
   Research and Development Expenses 2,636.00 3,219.00 4,246.00 2,673.00 3,414.00
   Other Operating Expenses -14.00 14.00 0 590.00 11.00
Operating Income 7,816.00 7,071.00 7,795.00 5,078.00 5,294.00
EBT 6,367.00 5,753.00 6,613.00 2,459.00 3,947.00
Income Tax 1,071.00 -1,623.00 2,649.00 -1,349.00 84.00
Net Income Including Non-Controlling Interests 5,296.00 7,376.00 3,964.00 3,808.00 3,863.00
Net Income 5,296.00 7,376.00 3,964.00 3,808.00 3,863.00
EBIT 6,588.00 5,945.00 6,805.00 2,648.00 4,114.00
Deprecation and Amortization 3,760.00 3,746.00 3,611.00 4,100.00 3,242.00
EBITDA 10,348.00 9,691.00 10,416.00 6,748.00 7,356.00
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 58,844.44 56,738.46 56,628.57 54,400.00 55,185.71
Average Shares Outstanding Diluted 58,844.44 56,738.46 56,628.57 54,400.00 55,185.71
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 10,416.00 8,021.00 -513.00 10,398.00 22,213.00
   Operating Net Income 5,296.00 7,376.00 3,964.00 3,808.00 3,863.00
   Deprecation and Amortization 3,760.00 3,746.00 3,611.00 4,100.00 3,242.00
   Deferred Income Tax 1,071.00 -1,623.00 2,649.00 -1,349.00 84.00
   Share Based Compensation 117.00 95.00 175.00 174.00 224.00
   Change in Working Capital -1,552.00 -3,217.00 -12,431.00 467.00 13,006.00
   Other Operating Activities 1,724.00 1,644.00 1,519.00 3,198.00 1,794.00
Investing Cash Flow -3,589.00 -2,014.00 -1,460.00 -2,924.00 -2,124.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -3,589.00 -2,014.00 -1,460.00 -2,924.00 -2,124.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 0.00 0.00 0.00 0.00
Financing Cash Flow -754.00 -16,119.00 -293.00 -708.00 -4,786.00
   Net Issuance/Repayment of Debt -415.00 -404.00 -14.00 -361.00 -319.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid 0 -11,534.00 0 0 0
   Other Financing Activities 0 0 0 0 -4,467.00
Net Change in Cash 6,073.00 -10,112.00 -2,266.00 6,766.00 15,303.00
   Cash at Beginning of Period 65,985.00 76,250.00 78,435.00 72,001.00 56,547.00
   Cash at End of Period 71,997.00 65,985.00 76,250.00 78,435.00 72,001.00
Free Cash Flow 6,827.00 6,007.00 -1,981.00 7,474.00 20,089.00