LAR
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | ||||
| Price to Sales | ||||
| Book Value Per Common Share | 5.12 | 5.16 | 5.81 | 4.44 |
| Price to Book | ||||
| Price to Operating Cash Flow | ||||
| Price to Free Cash Flow | ||||
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -8.35 | -69.33 | -53.50 | ||
| Price to Sales | |||||
| Book Value Per Common Share | 4.71 | 5.08 | 5.10 | 5.12 | 5.13 |
| Price to Book | 0.71 | 0.41 | 0.42 | ||
| Price to Operating Cash Flow | -80.10 | -60.82 | -23.04 | ||
| Price to Free Cash Flow | -80.10 | -58.76 | -22.99 | ||
| Enterprise Value to EBITDA | 1180028.40 | 2481244.50 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | ||||
| 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 | |||||
| EBITDA YoY | 104.87 | -27.80 | -53.15 | ||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 0.53 | 0.79 | 2.63 | 4.30 |
| Quick Ratio | 0.49 | 0.59 | 1.59 | 62.09 |
| Current Ratio | 0.49 | 0.62 | 1.59 | 64.51 |
| Debt to Equity | 0.27 | 0.27 | 0.30 | 0.52 |
| Long-Term Debt to Equity | 0.00 | 0.01 | 0.01 | 0.51 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.39 | 0.42 | 0.46 | 0.53 | 0.57 |
| Quick Ratio | 0.34 | 0.38 | 0.55 | 0.49 | 0.49 |
| Current Ratio | 0.34 | 0.53 | 0.55 | 0.49 | 0.49 |
| Debt to Equity | 0.30 | 0.28 | 0.27 | 0.27 | 0.26 |
| Long-Term Debt to Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -1.35 | 122.12 | -9.20 | -4.71 |
| ROE | -1.71 | 155.43 | -11.93 | -7.18 |
| Gross Margin | ||||
| Operating Margin | ||||
| EBITDA Margin | ||||
| Net Profit Margin |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -5.97 | -0.36 | -0.64 | -0.43 | -0.21 |
| ROE | -7.79 | -0.46 | -0.81 | -0.54 | -0.27 |
| Gross Margin | |||||
| Operating Margin | |||||
| EBITDA Margin | |||||
| Net Profit Margin |
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 | 1,131,223.00 | 1,055,026.00 | 1,016,548.00 | 817,342.00 |
| Current Assets | 117,409.00 | 133,575.00 | 356,092.00 | 532,575.00 |
| Cash and Short-Term Investments | 85,543.00 | 122,293.00 | 352,102.00 | 510,607.00 |
| Cash and Cash Equivalents | 85,543.00 | 122,293.00 | 194,471.00 | 510,607.00 |
| Short-Term Investments | 0 | 0 | 157,631.00 | 0 |
| Net Receivables | 31,866.00 | 4,609.00 | 3,990.00 | 1,968.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 |
| Non-Current Assets | 1,013,814.00 | 921,451.00 | 660,456.00 | 284,767.00 |
| Property, Plant, Equipment Net | 352,782.00 | 352,337.00 | 357,671.00 | 10,008.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 216,126.00 | 240,851.00 | 72,850.00 | 169,314.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 20,800.00 |
| Other Non-Current Assets | 0 | 0 | 229,935.00 | 84,645.00 |
| Liabilities | 240,293.00 | 226,095.00 | 232,546.00 | 281,027.00 |
| Current Liabilities | 240,272.00 | 214,940.00 | 224,117.00 | 8,256.00 |
| Payables and Expenses | 29,527.00 | 9,649.00 | 16,540.00 | 7,347.00 |
| Account Payables | 8,375.00 | 9,649.00 | 16,540.00 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 |
| Short-Term Debt | 210,745.00 | 202,969.00 | 207,577.00 | 909.00 |
| Other Current Liabilities | 0.00 | 2,322.00 | 0.00 | 0.00 |
| Non-Current Liabilities | 21.00 | 11,155.00 | 8,429.00 | 272,771.00 |
| Long-Term Debt | 0 | 200,361.00 | 204,472.00 | 264,071.00 |
| Other Non-Current Liabilities | 0 | -189,206.00 | -196,043.00 | 8,700.00 |
| Equity | 890,930.00 | 828,931.00 | 784,002.00 | 536,315.00 |
| Shareholders Equity | 828,274.00 | 828,931.00 | 784,002.00 | 536,315.00 |
| Capital Stock | 1,619.00 | 1,607.00 | 1,350.00 | 689,993.00 |
| Share Premium | 0 | 17,678.00 | 30,226.00 | 28,463.00 |
| Retained Earnings | -669,540.00 | -661,190.00 | -272,222.00 | -178,654.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 1,496,195.00 | 1,488,514.00 | 1,054,874.00 | -3,487.00 |
| Minority Interest | 62,656.00 | 0 | 0 | 0 |
| Debt | 210,745.00 | 202,969.00 | 207,577.00 | 264,980.00 |
| Net Debt | 125,202.00 | 80,676.00 | 13,106.00 | 0 |
| Common Shares Outstanding | 161,931.73 | 160,679.48 | 135,035.19 | 120,830.86 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cost Of Revenue | 560.00 | 441.00 | 180.00 | 0 |
| Interest Income | 50,615.00 | 52,256.00 | 24,717.00 | 4,731.00 |
| Interest Expense | 25,134.00 | 22,623.00 | 20,831.00 | 12,382.00 |
| Non-Interest Expense | 21,323.00 | 29,359.00 | 15,761.00 | 15,512.00 |
| Gross Profit | -560.00 | -441.00 | -180.00 | 0 |
| Operating Expenses | 31,401.00 | 50,573.00 | 20,494.00 | 51,740.00 |
| Selling, General and Administrative Expenses | 21,323.00 | 29,359.00 | 15,761.00 | 15,512.00 |
| Other Operating Expenses | 10,078.00 | 21,214.00 | 4,733.00 | 35,961.00 |
| Operating Income | -31,961.00 | -51,014.00 | -20,674.00 | -51,740.00 |
| Net Non-Operating Income | 0 | 0 | 20,354.00 | 0 |
| EBT | -25,899.00 | 28,240.00 | -32,527.00 | -38,610.00 |
| Income Tax | -10,659.00 | 10,659.00 | 0 | 0 |
| Net Income Including Non-Controlling Interests | -15,240.00 | 1,288,369.00 | -93,568.00 | -38,488.00 |
| Net Income Non-Controlling Interests | 6.00 | 0 | 0 | 0 |
| Net Income | -15,234.00 | 1,288,369.00 | -93,568.00 | -38,488.00 |
| EBIT | -765.00 | 50,863.00 | -11,696.00 | -26,228.00 |
| Deprecation and Amortization | 758.00 | 1,067.00 | 222.00 | 925.00 |
| EBITDA | -7.00 | 51,930.00 | -11,474.00 | -25,303.00 |
| EPS | -0.00 | 0.01 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | 0.01 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 161,338.00 | 155,331.00 | 133,709.00 | 118,808.00 |
| Average Shares Outstanding Diluted | 161,338.00 | 160,630.00 | 133,709.00 | 118,808.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -21,810.00 | -58,969.00 | -65,222.00 | -53,181.00 |
| Operating Net Income | -15,240.00 | 17,581.00 | -32,527.00 | -38,488.00 |
| Deprecation and Amortization | 758.00 | 1,067.00 | 222.00 | 925.00 |
| Deferred Income Tax | -10,659.00 | 10,659.00 | 0 | 0 |
| Share Based Compensation | 7,229.00 | 8,399.00 | 1,175.00 | 5,754.00 |
| Change in Working Capital | 8,235.00 | -2,362.00 | 4,531.00 | 1,894.00 |
| Other Operating Activities | -12,133.00 | -94,313.00 | -38,623.00 | 0 |
| Investing Cash Flow | -85,858.00 | -39,102.00 | -230,882.00 | -115,830.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -1,673.00 | -7,868.00 | -1,357.00 | -1,877.00 |
| Net Purchase/Sale of Investments Net | 0 | 155,000.00 | -155,000.00 | -2,309.00 |
| Net Purchase/Sale of Business | -3,683.00 | -4,750.00 | 25,469.00 | -35,558.00 |
| Other Investing Activities | -80,502.00 | -181,484.00 | -99,994.00 | -76,086.00 |
| Financing Cash Flow | 68,771.00 | 12,119.00 | -23,465.00 | 531,410.00 |
| Net Issuance/Repayment of Debt | -774.00 | 338.00 | -25,011.00 | 163,000.00 |
| Net Issuance/Repurchase of Equity | 70,000.00 | 0 | 0 | 400,000.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -455.00 | 11,781.00 | 1,546.00 | -31,590.00 |
| Net Change in Cash | -38,897.00 | -85,952.00 | -319,569.00 | 362,399.00 |
| Cash at Beginning of Period | 122,293.00 | 194,471.00 | 510,607.00 | 148,070.00 |
| Cash at End of Period | 85,543.00 | 122,293.00 | 194,471.00 | 510,607.00 |
| Free Cash Flow | -23,483.00 | -66,837.00 | -66,579.00 | -55,058.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 1,078,706.00 | 1,141,065.00 | 1,130,810.00 | 1,131,223.00 | 1,121,763.00 |
| Current Assets | 84,567.00 | 132,142.00 | 133,070.00 | 117,409.00 | 111,760.00 |
| Cash and Short-Term Investments | 63,998.00 | 68,028.00 | 73,936.00 | 85,543.00 | 92,325.00 |
| Cash and Cash Equivalents | 63,998.00 | 68,028.00 | 73,936.00 | 85,543.00 | 92,325.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 20,569.00 | 26,207.00 | 59,134.00 | 31,866.00 | 19,435.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0.00 | 37,907.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Assets | 994,139.00 | 1,008,923.00 | 997,740.00 | 1,013,814.00 | 1,010,003.00 |
| Property, Plant, Equipment Net | 349,906.00 | 353,018.00 | 352,653.00 | 352,782.00 | 352,858.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 262,321.00 | 215,342.00 | 215,804.00 | 216,126.00 | 214,561.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 381,912.00 | 440,563.00 | 429,283.00 | 444,906.00 | 442,584.00 |
| Liabilities | 251,728.00 | 252,818.00 | 242,513.00 | 240,293.00 | 228,143.00 |
| Current Liabilities | 250,582.00 | 250,808.00 | 240,665.00 | 240,272.00 | 228,143.00 |
| Payables and Expenses | 24,048.00 | 29,495.00 | 26,159.00 | 29,527.00 | 22,427.00 |
| Account Payables | 4,585.00 | 5,459.00 | 5,643.00 | 8,375.00 | 4,275.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 226,534.00 | 221,313.00 | 214,506.00 | 210,745.00 | 205,716.00 |
| Other Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Liabilities | 1,146.00 | 2,010.00 | 1,848.00 | 21.00 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1,146.00 | 2,010.00 | 1,848.00 | 21.00 | 0 |
| Equity | 826,978.00 | 888,247.00 | 888,297.00 | 890,930.00 | 893,620.00 |
| Shareholders Equity | 764,355.00 | 825,558.00 | 825,597.00 | 828,274.00 | 830,959.00 |
| Capital Stock | 1,623.00 | 1,623.00 | 1,620.00 | 1,619.00 | 1,479,172.00 |
| Share Premium | 0 | 0 | 1,504,218.00 | 0 | 19,995.00 |
| Retained Earnings | -745,251.00 | -680,843.00 | -676,754.00 | -669,540.00 | -664,721.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 1,507,983.00 | 1,504,778.00 | -3,487.00 | 1,496,195.00 | -3,487.00 |
| Minority Interest | 62,623.00 | 62,689.00 | 62,700.00 | 62,656.00 | 62,661.00 |
| Debt | 226,534.00 | 221,313.00 | 214,506.00 | 210,745.00 | 205,716.00 |
| Net Debt | 162,536.00 | 153,285.00 | 140,570.00 | 125,202.00 | 113,391.00 |
| Common Shares Outstanding | 162,362.00 | 162,360.00 | 161,970.00 | 161,931.73 | 161,916.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Cost Of Revenue | 0 | 68.00 | 117.00 | 0 | 0 | 138.00 |
| Interest Income | 12,731.00 | 14,300.00 | 13,524.00 | 13,911.00 | 13,034.00 | 0 |
| Interest Expense | 7,092.00 | 6,854.00 | 6,582.00 | 6,578.00 | 6,384.00 | 0 |
| Non-Interest Expense | 6,535.00 | 8,214.00 | 8,219.00 | 6,059.00 | 5,924.00 | 0 |
| Gross Profit | 0 | -68.00 | -117.00 | 0 | 0 | -138.00 |
| Operating Expenses | 7,893.00 | 10,412.00 | 10,030.00 | 8,098.00 | 7,807.00 | 0 |
| Selling, General and Administrative Expenses | 6,535.00 | 8,214.00 | 8,219.00 | 6,059.00 | 5,924.00 | 0 |
| Other Operating Expenses | 1,282.00 | 2,198.00 | 1,811.00 | 2,476.00 | 1,761.00 | 0 |
| Operating Income | -7,893.00 | -10,480.00 | -10,147.00 | -8,658.00 | -7,807.00 | 0 |
| EBT | -66,301.00 | -4,100.00 | -5,343.00 | -4,824.00 | -2,407.00 | 0 |
| Income Tax | -1,827.00 | 0 | 1,827.00 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | -64,474.00 | -4,100.00 | -7,170.00 | -4,824.00 | -2,407.00 | 0 |
| Net Income Non-Controlling Interests | 66.00 | 11.00 | -44.00 | 0 | 1.00 | 0 |
| Net Income | -64,408.00 | -4,089.00 | -7,214.00 | -4,819.00 | -2,406.00 | 0 |
| EBIT | -59,209.00 | 2,754.00 | 1,239.00 | 1,754.00 | 3,977.00 | 0 |
| Deprecation and Amortization | 103.00 | 108.00 | 158.00 | 181.00 | 153.00 | 0 |
| EBITDA | -59,106.00 | 2,862.00 | 1,397.00 | 1,935.00 | 4,130.00 | 0 |
| EPS | -0.00 | -0.00 | -0.00 | 0 | -0.00 | 0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | 0 | -0.00 | 0.00 |
| Average Shares Outstanding Basic | 162,362.00 | 161,999.00 | 161,943.00 | 0 | 161,451.00 | 161,194.00 |
| Average Shares Outstanding Diluted | 162,362.00 | 161,999.00 | 161,943.00 | 0 | 161,451.00 | 166,199.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -6,776.00 | -5,539.00 | -15,041.00 | -4,852.00 | -7,591.00 |
| Operating Net Income | -64,474.00 | -4,100.00 | -7,170.00 | -4,824.00 | -2,407.00 |
| Deprecation and Amortization | 103.00 | 108.00 | 158.00 | 181.00 | 153.00 |
| Deferred Income Tax | -1,827.00 | 0 | 1,827.00 | 0 | 0 |
| Share Based Compensation | 3,205.00 | 4,050.00 | 4,537.00 | 1,670.00 | 2,526.00 |
| Change in Working Capital | 191.00 | 791.00 | -5,962.00 | 10,282.00 | -2,996.00 |
| Other Operating Activities | 56,026.00 | -6,388.00 | -8,431.00 | -12,161.00 | -4,867.00 |
| Investing Cash Flow | 2,951.00 | -227.00 | 3,665.00 | -2,218.00 | -65,758.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 3,009.00 | -200.00 | -29.00 | -105.00 | -47.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 1,570.00 | -712.00 |
| Net Purchase/Sale of Business | -58.00 | -27.00 | -226.00 | -3,683.00 | 0 |
| Other Investing Activities | 0.00 | 0 | 0 | 0.00 | -64,999.00 |
| Financing Cash Flow | -76.00 | -62.00 | -118.00 | -42.00 | 69,274.00 |
| Net Issuance/Repayment of Debt | -76.00 | -62.00 | -118.00 | -41.00 | -272.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | -1.00 | 0 |
| Net Change in Cash | -3,901.00 | -5,828.00 | -11,494.00 | -7,112.00 | -4,075.00 |
| Cash at Beginning of Period | 68,028.00 | 73,936.00 | 85,543.00 | 92,325.00 | 96,196.00 |
| Cash at End of Period | 63,998.00 | 68,028.00 | 73,936.00 | 85,543.00 | 92,325.00 |
| Free Cash Flow | -6,776.00 | -5,739.00 | -15,070.00 | -4,957.00 | -7,638.00 |