Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -88.43 -14.63 -14.54 461.36
Price to Sales 7.21 4.29 4.24 22.26
Book Value Per Common Share 15.78 16.67 17.39 18.53
Price to Book 1.96 1.15 1.32 8.22
Price to Operating Cash Flow 30.16 -27.16 -11.58 133.62
Price to Free Cash Flow 43.76 -22.59 -9.78 183.61
Enterprise Value to EBITDA 3798355.69
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -225.00 -117.12 -173.45 619.00 -1291.75
Price to Sales 11.41 18.07 18.81 24.06 24.24
Book Value Per Common Share 15.39 15.73 15.90 15.78 16.69
Price to Book 0.88 1.27 1.20 1.96 1.55
Price to Operating Cash Flow 139.46 241.04 151.67 54.77 90.74
Price to Free Cash Flow 767.05 -432.83 438.62 97.20 96.22
Enterprise Value to EBITDA 6777214.30

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -7.26 -19.05 -15.68
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY 6.79 7.10 -23.46 19.64
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 9.77 6.76 7.98 13.78
Quick Ratio 11.94 8.51 7.15 7.23
Current Ratio 13.88 10.43 8.85 8.02
Debt to Equity 0.08 0.09 0.10 0.13
Long-Term Debt to Equity 0.02 0.02 0.03 0.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 9.87 9.56 9.87 9.83 10.53
Quick Ratio 11.10 11.00 10.24 11.94 14.87
Current Ratio 12.87 12.75 11.93 13.88 16.50
Debt to Equity 0.09 0.09 0.09 0.08 0.07
Long-Term Debt to Equity 0.02 0.02 0.02 0.02 0.02

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -2.13 -7.43 -8.26 1.49
ROE -2.31 -8.09 -9.10 1.69
Gross Margin 45.02 30.46 35.54 47.18
Operating Margin -18.31 -39.83 -25.74 3.97
EBITDA Margin -11.91 -33.14 -20.74 6.18
Net Profit Margin -8.24 -29.28 -29.12 4.82
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -0.34 -0.98 -0.64 0.28 -0.11
ROE -0.37 -1.07 -0.70 0.30 -0.11
Gross Margin 43.45 41.69 42.62 51.29 47.72
Operating Margin -15.15 -21.84 -25.98 -1.99 -14.04
EBITDA Margin -9.64 -15.95 -19.86 3.46 -7.70
Net Profit Margin -4.88 -15.11 -10.89 3.65 -1.79

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
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 787,484.00 865,580.00 957,666.00 1,040,875.00
   Current Assets 615,389.00 522,387.00 578,839.00 775,343.00
      Cash and Short-Term Investments 463,874.00 332,497.00 400,010.00 648,835.00
            Cash and Cash Equivalents 35,003.00 39,605.00 104,597.00 611,551.00
            Short-Term Investments 428,871.00 292,892.00 295,413.00 37,284.00
      Net Receivables 65,459.00 93,632.00 67,360.00 49,797.00
      Inventory 60,342.00 67,712.00 89,415.00 63,017.00
      Other Current Assets 25,714.00 28,546.00 22,054.00 13,694.00
   Non-Current Assets 172,095.00 343,193.00 378,827.00 265,532.00
      Property, Plant, Equipment Net 78,276.00 74,687.00 87,602.00 70,201.00
      Goodwill 29,164.00 29,164.00 29,164.00 25,447.00
      Intangible Assets 5,721.00 7,647.00 9,890.00 10,063.00
      Long-Term Investments 48,086.00 223,203.00 245,970.00 149,269.00
      Non-Current Deferred Assets 0 0 0 9,339.00
      Other Non-Current Assets 0 0 6,201.00 1,213.00
Liabilities 60,585.00 69,913.00 88,844.00 121,322.00
   Current Liabilities 44,331.00 50,102.00 65,370.00 96,676.00
      Payables and Expenses 19,808.00 25,247.00 32,826.00 54,696.00
            Account Payables 9,019.00 6,936.00 14,833.00 46,448.00
            Current Accrued Liabilities 10,789.00 18,311.00 17,993.00 8,248.00
      Short-Term Debt 3,311.00 5,073.00 4,989.00 5,058.00
      Other Current Liabilities 21,212.00 19,782.00 27,555.00 36,922.00
   Non-Current Liabilities 16,254.00 19,811.00 23,474.00 24,646.00
      Long-Term Debt 15,065.00 18,533.00 21,035.00 21,900.00
      Other Non-Current Liabilities 1,189.00 1,278.00 2,439.00 2,746.00
Equity 726,899.00 795,667.00 868,822.00 919,553.00
   Shareholders Equity 726,899.00 795,667.00 868,822.00 919,553.00
      Capital Stock 134.00 134.00 134.00 133.00
      Share Premium 966,058.00 958,447.00 921,695.00 875,367.00
      Retained Earnings -116,734.00 -99,934.00 -35,583.00 43,482.00
      Treasury Shares 121,691.00 55,770.00 0 0
      Accumulated Other Comprehensive Income -868.00 -7,210.00 -17,424.00 571.00
   Minority Interest 0 0 0 0
Debt 18,376.00 23,606.00 26,024.00 26,958.00
Common Shares Outstanding 46,051.46 47,719.63 49,952.94 49,619.78
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 203,825.00 219,786.00 271,518.00 322,006.00
Cost Of Revenue 112,063.00 152,829.00 175,018.00 170,095.00
Interest Income 23,461.00 27,589.00 13,051.00 5,372.00
Non-Interest Expense 87,499.00 104,428.00 110,356.00 95,389.00
Gross Profit 91,762.00 66,957.00 96,500.00 151,911.00
Operating Expenses 129,077.00 154,488.00 166,382.00 139,118.00
   Selling, General and Administrative Expenses 87,499.00 104,428.00 110,356.00 95,389.00
   Research and Development Expenses 41,578.00 50,060.00 56,026.00 43,729.00
Operating Income -37,315.00 -87,531.00 -69,882.00 12,793.00
EBT -14,965.00 -63,381.00 -56,500.00 15,392.00
Income Tax 1,835.00 970.00 22,565.00 -135.00
Net Income Including Non-Controlling Interests -16,800.00 -64,351.00 -79,065.00 15,527.00
Net Income -16,800.00 -64,351.00 -79,065.00 15,527.00
EBIT -37,315.00 -87,531.00 -69,882.00 12,793.00
Deprecation and Amortization 13,047.00 14,700.00 13,565.00 7,096.00
EBITDA -24,268.00 -72,831.00 -56,317.00 19,889.00
EPS -0.00 -0.00 -0.00 0.00
Diluted EPS -0.00 -0.00 -0.00 0.00
Average Shares Outstanding Basic 47,482.82 49,160.27 50,104.34 47,079.36
Average Shares Outstanding Diluted 47,482.82 49,160.27 50,104.34 48,600.10
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 48,725.00 -34,682.00 -99,347.00 53,644.00
   Operating Net Income -16,800.00 -64,351.00 -79,065.00 15,527.00
   Deprecation and Amortization 13,047.00 14,700.00 13,565.00 7,096.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 21,756.00 22,589.00 22,649.00 15,133.00
   Change in Working Capital 26,882.00 -41,280.00 -81,722.00 -11,091.00
   Other Operating Activities 3,840.00 33,660.00 25,226.00 26,979.00
Investing Cash Flow 31,488.00 26,212.00 -407,275.00 89,755.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -15,140.00 -7,006.00 -17,971.00 -14,477.00
   Net Purchase/Sale of Investments Net 46,628.00 33,218.00 -374,342.00 119,353.00
   Net Purchase/Sale of Business 0 0 -14,654.00 -14,991.00
   Other Investing Activities 0.00 0.00 -308.00 -130.00
Financing Cash Flow -84,815.00 -56,522.00 -332.00 342,375.00
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity -84,055.00 -55,770.00 0 339,760.00
   Dividends Paid 0 0 0 0
   Other Financing Activities -760.00 -752.00 -332.00 2,615.00
Net Change in Cash -4,602.00 -64,992.00 -506,954.00 485,774.00
   Cash at Beginning of Period 39,605.00 104,597.00 611,551.00 125,777.00
   Cash at End of Period 35,003.00 39,605.00 104,597.00 611,551.00
Free Cash Flow 33,585.00 -41,688.00 -117,697.00 39,037.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 769,811.00 765,960.00 786,778.00 787,484.00 850,791.00
   Current Assets 588,673.00 574,678.00 598,177.00 615,389.00 669,178.00
      Cash and Short-Term Investments 443,350.00 431,612.00 452,070.00 463,874.00 501,211.00
            Cash and Cash Equivalents 38,255.00 25,418.00 56,029.00 35,003.00 113,861.00
            Short-Term Investments 405,095.00 406,194.00 396,041.00 428,871.00 387,350.00
      Net Receivables 64,728.00 64,457.00 61,411.00 65,459.00 101,641.00
      Inventory 49,002.00 50,023.00 57,617.00 60,342.00 66,326.00
      Other Current Assets 31,593.00 28,586.00 27,079.00 25,714.00 0.00
   Non-Current Assets 181,138.00 191,282.00 188,601.00 172,095.00 181,613.00
      Property, Plant, Equipment Net 83,690.00 85,739.00 81,860.00 78,276.00 65,392.00
      Goodwill 29,164.00 29,164.00 29,164.00 29,164.00 29,164.00
      Intangible Assets 7,194.00 4,955.00 5,339.00 5,721.00 6,145.00
      Long-Term Investments 46,455.00 56,991.00 61,078.00 48,086.00 59,910.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 14,635.00 14,433.00 11,160.00 10,848.00 21,002.00
Liabilities 62,165.00 61,211.00 65,956.00 60,585.00 57,286.00
   Current Liabilities 45,757.00 45,088.00 50,130.00 44,331.00 40,546.00
      Payables and Expenses 27,822.00 26,466.00 30,872.00 19,808.00 23,271.00
            Account Payables 5,959.00 10,032.00 5,897.00 9,019.00 5,061.00
            Current Accrued Liabilities 0 0 0 10,789.00 0
      Short-Term Debt 3,741.00 3,670.00 3,249.00 3,311.00 3,251.00
      Other Current Liabilities 14,194.00 14,952.00 16,009.00 21,212.00 14,024.00
   Non-Current Liabilities 16,408.00 16,123.00 15,826.00 16,254.00 16,740.00
      Long-Term Debt 14,953.00 15,525.00 14,651.00 15,065.00 15,585.00
      Other Non-Current Liabilities 1,455.00 598.00 1,175.00 1,189.00 1,155.00
Equity 707,646.00 704,749.00 720,822.00 726,899.00 793,505.00
   Shareholders Equity 707,646.00 704,749.00 720,822.00 726,899.00 793,505.00
      Capital Stock 0 0 0 134.00 0
      Share Premium 0 0 0 966,058.00 0
      Retained Earnings 0 0 0 -116,734.00 0
      Treasury Shares 0 0 0 121,691.00 0
      Accumulated Other Comprehensive Income 0 0 0 -868.00 0
   Minority Interest 0 0 0 0 0
Debt 18,694.00 19,195.00 17,900.00 18,376.00 18,836.00
Common Shares Outstanding 45,972.71 44,794.72 45,327.50 46,051.46 47,551.90
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 53,134.00 49,754.00 46,457.00 60,696.00 50,732.00
Cost Of Revenue 30,045.00 29,010.00 26,657.00 29,567.00 26,522.00
Interest Income 5,540.00 3,465.00 7,383.00 4,960.00 6,720.00
Non-Interest Expense 22,128.00 22,467.00 22,593.00 22,558.00 21,360.00
Gross Profit 23,089.00 20,744.00 19,800.00 31,129.00 24,210.00
Operating Expenses 31,141.00 31,610.00 31,871.00 32,339.00 31,333.00
   Selling, General and Administrative Expenses 22,128.00 22,467.00 22,593.00 22,558.00 21,360.00
   Research and Development Expenses 9,013.00 9,143.00 9,278.00 9,781.00 9,973.00
Operating Income -8,052.00 -10,866.00 -12,071.00 -1,210.00 -7,123.00
EBT -2,512.00 -7,401.00 -4,688.00 2,639.00 -403.00
Income Tax 80.00 117.00 371.00 423.00 505.00
Net Income Including Non-Controlling Interests -2,592.00 -7,518.00 -5,059.00 2,216.00 -908.00
Net Income -2,592.00 -7,518.00 -5,059.00 2,216.00 -908.00
EBIT -8,052.00 -10,866.00 -12,071.00 -1,210.00 -7,123.00
Deprecation and Amortization 2,931.00 2,930.00 2,846.00 3,313.00 3,219.00
EBITDA -5,121.00 -7,936.00 -9,225.00 2,103.00 -3,904.00
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 44,908.58 45,164.49 45,801.00 47,180.39 47,604.22
Average Shares Outstanding Diluted 44,908.58 45,164.49 45,801.00 48,222.45 47,604.22
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 4,348.00 3,730.00 5,764.00 26,663.00 13,554.00
   Operating Net Income -2,592.00 -7,518.00 -5,059.00 2,216.00 -908.00
   Deprecation and Amortization 2,931.00 2,930.00 2,846.00 3,313.00 3,219.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 5,624.00 5,756.00 5,320.00 5,084.00 5,355.00
   Change in Working Capital -2,251.00 3,262.00 3,012.00 15,147.00 6,171.00
   Other Operating Activities 636.00 -700.00 -355.00 903.00 -283.00
Investing Cash Flow 8,707.00 -11,012.00 17,534.00 -30,713.00 77,966.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -3,557.00 -5,808.00 -3,771.00 -11,643.00 -774.00
   Net Purchase/Sale of Investments Net 12,264.00 -5,204.00 21,305.00 -28,793.00 88,463.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 0.00 0.00 9,723.00 -9,723.00
Financing Cash Flow -218.00 -23,329.00 -2,272.00 -74,808.00 -181.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 -23,176.00 -1,824.00 -75,000.00 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -218.00 -153.00 -448.00 192.00 -181.00
Net Change in Cash 12,837.00 -30,611.00 21,026.00 -78,858.00 91,339.00
   Cash at Beginning of Period 25,418.00 56,029.00 35,003.00 113,861.00 22,522.00
   Cash at End of Period 38,255.00 25,418.00 56,029.00 35,003.00 113,861.00
Free Cash Flow 791.00 -2,078.00 1,993.00 15,020.00 12,780.00