Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 10.73 15.70 6.66 8.85 8.21
Price to Sales 0.96 1.33 0.94 1.25 1.12
Book Value Per Common Share
Price to Book
Price to Operating Cash Flow -14.63 -54.95 -5.87 175.17 13.16
Price to Free Cash Flow -14.44 -53.59 -5.85 190.34 13.34
Enterprise Value to EBITDA 79834.87 118876.00 51424.05 67928.52 71754.05
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Price to Earnings 60.84 37.88 391.00 40.04 161.63 99.16 29.60 37.42
Price to Sales 3.01 2.47 4.43 4.27 7.02 5.47 4.26 5.28
Book Value Per Common Share 90.10 89.22 84.93
Price to Book 0.57 0.58 1.40
Price to Operating Cash Flow -90.13 -13.85 -12.23 -156.79 -27.58 34.36 -16.90 23.18
Price to Free Cash Flow -89.87 -13.84 -12.15 -156.24 -27.30 34.39 -16.78 23.37
Enterprise Value to EBITDA 526692.75 292464.31 2362724.29 343498.16 1153985.16 817404.19 231417.81 301301.04

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -1.77 -38.99 -20.39 35.45
Revenue YoY -6.61 2.35 -24.45 28.81
EBITDA YoY -0.81 -37.06 -22.84 47.58
Net Profit YoY -1.58 -38.99 -23.99 32.65
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Earning YoY -37.50 700.00 -94.26 311.11 -37.39 -65.15 -17.29
Revenue YoY -17.96 37.58 -46.09 66.78 -19.80 -10.75 -22.65
EBITDA YoY -44.21 516.89 -91.88 241.38 -27.61 -67.14 -19.15
Net Profit YoY -37.51 689.51 -94.26 307.99 -36.75 -65.73 -21.04

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 2.26 2.08 1.36 2.05 1.43
Quick Ratio
Current Ratio
Debt to Equity 0.84 0.84 0.90 0.68 0.60
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Cash Per Common Share 2.69 2.56 2.46 2.27 2.59 2.08 2.08 1.84 1.37 2.24 2.11 1.93 1.44
Quick Ratio 0.66 0.77 0.66
Current Ratio 29.43 30.72 21.32
Debt to Equity 0.94 0.95 0.90 0.84 0.92 0.88 0.84 0.85 0.90 0.82 0.68 0.50 0.60
Long-Term Debt to Equity 0.88 0.89 0.83

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 5.22 5.85 10.45 18.27 17.74
ROE 9.62 10.73 19.88 30.78 28.44
Gross Margin 24.21 22.99 28.06 7.02 10.28
Operating Margin 11.75 11.10 18.14 17.80 15.53
EBITDA Margin 11.90 11.20 18.21 17.83 15.56
Net Profit Margin 8.90 8.45 14.17 14.09 13.68
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
ROA 0.49 0.79 0.10 1.82 0.48 0.87 3.03 5.46
ROE 0.95 1.53 0.20 3.48 0.91 1.61 5.53 8.18
Gross Margin 21.46 22.88 20.98 25.08 23.39 20.28 29.01 26.91
Operating Margin 5.42 8.19 1.63 12.32 5.91 6.64 18.23 17.46
EBITDA Margin 5.71 8.40 1.87 12.45 6.08 6.74 18.29 17.50
Net Profit Margin 4.97 6.52 1.14 10.67 4.36 5.53 14.41 14.12

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 3,758,534.00 3,407,851.00 3,124,828.00 2,351,865.00 1,826,087.00
   Deposits 4,143.00 2,909.00 5,545.00 12,182.00 17,151.00
      Cash and Short-Term Investments 53,197.00 48,978.00 31,998.00 50,514.00 35,942.00
            Cash and Cash Equivalents 53,197.00 48,978.00 31,998.00 50,514.00 35,942.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 28,717.00 41,319.00 25,143.00 57,909.00 115,939.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 62,638.00 50,122.00 37,897.00 22,044.00 8,518.00
      Goodwill 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 9,271.00 8,163.00 6,186.00 6,198.00 6,986.00
      Other Non-Current Assets 0 0 0 0 0
Liabilities 1,721,306.00 1,551,820.00 1,482,416.00 956,017.00 687,082.00
      Payables and Expenses 0 0 0 0 0
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0
      Long-Term Debt 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0
Equity 2,037,228.00 1,856,031.00 1,642,412.00 1,395,848.00 1,139,005.00
   Shareholders Equity 0 0 0 0 0
      Capital Stock 276.00 275.00 272.00 269.00 267.00
      Share Premium 337,161.00 321,062.00 306,673.00 291,577.00 270,598.00
      Retained Earnings 2,085,787.00 1,889,716.00 1,690,489.00 1,363,922.00 934,277.00
      Treasury Shares -385,996.00 -355,022.00 -355,022.00 -259,920.00 -66,137.00
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Investments 28,717.00 41,319.00 25,143.00 57,909.00 115,939.00
Debt 1,480,718.00 1,248,332.00 1,117,001.00 805,236.00 538,398.00
Net Debt 1,427,521.00 1,199,354.00 1,085,003.00 754,722.00 502,456.00
Common Shares Outstanding 23,397.07 23,581.65 23,305.81 23,917.36 24,983.56
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 2,202,598.00 2,358,580.00 2,304,455.00 3,050,149.00 2,367,929.00
Cost Of Revenue 1,669,310.00 1,816,393.00 1,657,855.00 2,836,070.00 2,124,600.00
Gross Profit 533,288.00 542,187.00 646,600.00 214,079.00 243,329.00
Operating Expenses 321,142.00 308,932.00 256,493.00 -333,619.00 -121,381.00
   Selling, General and Administrative Expenses 321,142.00 308,932.00 256,493.00 270,336.00 238,387.00
   Other Operating Expenses 0.00 0.00 0.00 -603,955.00 -359,768.00
Operating Income 212,146.00 233,255.00 390,107.00 547,698.00 364,710.00
Net Non-Operating Income 46,767.00 28,499.00 28,009.00 -4,923.00 3,139.00
Interest Expense 0.00 0.00 0.00 0.00 0.00
EBT 258,913.00 261,754.00 418,116.00 542,775.00 367,849.00
Income Tax 62,842.00 62,527.00 91,549.00 113,130.00 43,954.00
Net Income 196,071.00 199,227.00 326,567.00 429,645.00 323,895.00
EBIT 258,913.00 261,754.00 418,116.00 542,775.00 367,849.00
Deprecation and Amortization 3,108.00 2,408.00 1,576.00 1,154.00 710.00
EBITDA 262,021.00 264,162.00 419,692.00 543,929.00 368,559.00
EPS 0.01 0.01 0.01 0.02 0.01
Diluted EPS 0.01 0.01 0.01 0.02 0.01
Average Shares Outstanding Basic 23,529.72 23,507.14 23,486.47 24,607.23 25,135.08
Average Shares Outstanding Diluted 23,610.46 23,648.55 23,730.77 24,908.99 25,380.56
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -143,739.00 -56,968.00 -370,451.00 21,700.00 202,158.00
   Operating Net Income 196,071.00 199,227.00 326,567.00 429,645.00 323,895.00
   Deprecation and Amortization 3,108.00 2,408.00 1,576.00 1,154.00 710.00
   Deferred Income Tax -1,108.00 -1,978.00 12.00 788.00 -2,365.00
   Share Based Compensation 10,483.00 8,926.00 9,188.00 13,595.00 13,517.00
   Change in Working Capital -348,889.00 -244,308.00 -771,330.00 -434,274.00 -156,647.00
   Other Operating Activities -3,404.00 -21,243.00 63,536.00 10,792.00 23,048.00
Investing Cash Flow 15,620.00 -13,648.00 -5,968.00 -70,391.00 -5,648.00
   Capital Expenditure -1,952.00 -1,443.00 -1,187.00 -1,729.00 -2,692.00
   Net Purchase/Sale of PPE 23,489.00 -1,443.00 -1,187.00 -1,729.00 -2,692.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business -7,869.00 -17,889.00 -5,016.00 -68,662.00 -2,956.00
   Other Investing Activities 1,952.00 7,127.00 1,422.00 1,729.00 2,692.00
Financing Cash Flow 132,338.00 87,596.00 357,903.00 63,263.00 -198,913.00
   Net Issuance/Repayment of Debt 232,313.00 141,283.00 310,910.00 270,818.00 -152,936.00
   Net Issuance/Repurchase of Equity 35,805.00 5,260.00 100,719.00 200,897.00 52,340.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -135,780.00 -58,947.00 -53,726.00 -408,452.00 -98,317.00
Net Change in Cash 4,219.00 16,980.00 -18,516.00 14,572.00 -2,403.00
   Cash at Beginning of Period 48,978.00 31,998.00 50,514.00 0 0
   Cash at End of Period 53,197.00 48,978.00 31,998.00 0 0
Free Cash Flow -145,691.00 -58,411.00 -371,638.00 19,971.00 199,466.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31 2021-03-31 2020-12-31
Assets 4,039,831.00 4,006,078.00 3,888,659.00 3,758,534.00 3,825,833.00 3,522,886.00 3,407,851.00 3,100,923.00 3,124,828.00 2,594,233.00 2,351,865.00 1,825,486.00 1,826,087.00
   Current Assets 3,730,163.00 3,744,599.00 0 0 3,549,593.00 0 0 0 0 0 0 0 0
   Deposits 0 0 0 4,143.00 0 0 2,909.00 0 5,545.00 0 12,182.00 0 17,151.00
      Cash and Short-Term Investments 61,979.00 59,560.00 57,600.00 53,197.00 60,903.00 48,996.00 48,978.00 42,966.00 31,998.00 53,325.00 50,514.00 48,157.00 35,942.00
            Cash and Cash Equivalents 61,979.00 59,560.00 57,600.00 53,197.00 60,903.00 48,996.00 48,978.00 42,966.00 31,998.00 53,325.00 50,514.00 48,157.00 35,942.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 21,239.00 34,596.00 21,725.00 28,717.00 49,022.00 27,151.00 41,319.00 21,870.00 25,143.00 48,489.00 57,909.00 59,229.00 115,939.00
      Inventory 3,646,945.00 3,650,443.00 0 0 3,439,668.00 0 0 0 0 0 0 0 0
      Other Current Assets 0.00 0.00 0 0 0.00 0 0 0 0 0 0 0 0
   Non-Current Assets 309,668.00 261,479.00 0 0 276,240.00 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 101,550.00 93,802.00 73,055.00 62,638.00 62,001.00 54,475.00 50,122.00 40,673.00 37,897.00 19,420.00 22,044.00 11,060.00 8,518.00
      Goodwill 12,018.00 12,018.00 12,018.00 12,000.00 12,018.00 12,018.00 12,000.00 12,018.00 12,000.00 12,018.00 12,000.00 12,018.00 12,000.00
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 37,344.00 39,463.00 8,154.00 9,271.00 42,822.00 7,269.00 8,163.00 5,127.00 6,186.00 2,933.00 6,198.00 3,350.00 6,986.00
      Other Non-Current Assets 158,756.00 116,196.00 0 0 159,399.00 0 0 0 0 0 0 0 0
Liabilities 1,960,457.00 1,948,933.00 1,846,133.00 1,721,306.00 1,828,870.00 1,653,683.00 1,551,820.00 1,426,694.00 1,482,416.00 1,171,482.00 956,017.00 606,848.00 687,082.00
   Current Liabilities 126,754.00 121,900.00 0 0 166,516.00 0 0 0 0 0 0 0 0
      Payables and Expenses 126,754.00 121,900.00 0 0 166,516.00 0 0 0 0 0 0 0 0
            Account Payables 37,944.00 46,044.00 0 0 53,314.00 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 27,150.00 14,612.00 0 0 18,238.00 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 0 0 45,735.00 0 0 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 -45,735.00 0 0 0 0 0 0 0 0
   Non-Current Liabilities 1,833,703.00 1,827,033.00 0 0 1,662,354.00 0 0 0 0 0 0 0 0
      Long-Term Debt 1,770,550.00 1,766,288.00 0 0 1,598,343.00 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 63,153.00 60,745.00 0 0 64,011.00 0 0 0 0 0 0 0 0
Equity 2,079,374.00 2,057,145.00 2,042,526.00 2,037,228.00 1,996,963.00 1,869,203.00 1,856,031.00 1,674,229.00 1,642,412.00 1,422,751.00 1,395,848.00 1,218,638.00 1,139,005.00
   Shareholders Equity 2,079,374.00 2,057,145.00 0 0 1,996,963.00 0 0 0 0 0 0 0 0
      Capital Stock 277.00 277.00 277.00 276.00 276.00 276.00 275.00 275.00 272.00 271.00 269.00 269.00 267.00
      Share Premium 347,714.00 345,189.00 341,515.00 337,161.00 334,792.00 327,182.00 321,062.00 311,525.00 306,673.00 297,451.00 291,577.00 276,398.00 270,598.00
      Retained Earnings 2,141,018.00 2,121,314.00 2,089,781.00 2,085,787.00 2,034,917.00 1,906,769.00 1,889,716.00 1,717,451.00 1,690,489.00 1,442,608.00 1,363,922.00 1,033,935.00 934,277.00
      Treasury Shares 409,635.00 409,635.00 -389,047.00 -385,996.00 373,022.00 -365,024.00 -355,022.00 -355,022.00 -355,022.00 -317,579.00 -259,920.00 -91,964.00 -66,137.00
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 21,725.00 28,717.00 0 27,151.00 41,319.00 21,870.00 25,143.00 48,489.00 57,909.00 59,229.00 115,939.00
Debt 1,770,550.00 1,766,288.00 1,624,597.00 1,480,718.00 1,598,343.00 1,383,220.00 1,248,332.00 1,045,837.00 1,117,001.00 1,003,596.00 805,236.00 413,948.00 538,398.00
Net Debt 1,703,003.00 1,701,033.00 1,566,997.00 1,427,521.00 1,531,291.00 1,334,224.00 1,199,354.00 1,002,871.00 1,085,003.00 950,271.00 754,722.00 365,791.00 502,456.00
Common Shares Outstanding 23,079.10 23,056.63 23,404.50 23,397.07 23,513.49 23,567.44 23,581.65 23,532.73 23,305.81 23,666.28 23,917.36 24,934.43 24,983.56
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Revenues 396,632.00 483,485.00 351,420.00 651,854.00 390,851.00 487,357.00 546,050.00 705,953.00
Cost Of Revenue 311,520.00 372,877.00 277,707.00 488,362.00 299,450.00 388,541.00 387,643.00 516,004.00
Interest Expense 0 0 0.00 0 0.00 0.00 0.00 0.00
Non-Interest Expense 63,628.00 71,000.00 0 83,187.00 0 0 0 0
Gross Profit 85,112.00 110,608.00 73,713.00 163,492.00 91,401.00 98,816.00 158,407.00 189,949.00
Operating Expenses 63,628.00 71,000.00 73,544.00 83,187.00 72,668.00 72,765.00 62,687.00 67,506.00
   Selling, General and Administrative Expenses 63,628.00 71,000.00 73,544.00 83,187.00 72,668.00 72,765.00 62,687.00 67,506.00
   Other Operating Expenses 0 0 0.00 0 0.00 0.00 0.00 0.00
Operating Income 21,484.00 39,608.00 169.00 80,305.00 18,733.00 26,051.00 95,720.00 122,443.00
Net Non-Operating Income 5,217.00 2,432.00 5,555.00 11,547.00 4,361.00 6,297.00 3,830.00 833.00
EBT 26,701.00 42,040.00 5,724.00 91,852.00 23,094.00 32,348.00 99,550.00 123,276.00
Income Tax 6,997.00 10,507.00 1,730.00 22,277.00 6,041.00 5,386.00 20,864.00 23,618.00
Net Income Including Non-Controlling Interests 19,704.00 31,533.00 0 69,575.00 0 0 0 0
Net Income 19,704.00 31,533.00 3,994.00 69,575.00 17,053.00 26,962.00 78,686.00 99,658.00
EBIT 21,484.00 39,608.00 5,724.00 80,305.00 23,094.00 32,348.00 99,550.00 123,276.00
Deprecation and Amortization 1,178.00 1,014.00 861.00 830.00 673.00 482.00 348.00 288.00
EBITDA 22,662.00 40,622.00 6,585.00 81,135.00 23,767.00 32,830.00 99,898.00 123,564.00
EPS 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
Average Shares Outstanding Basic 23,056.90 23,221.56 23,396.47 23,500.35 23,578.58 23,381.29 23,837.17 24,950.87
Average Shares Outstanding Diluted 23,149.01 23,265.06 23,466.75 23,579.59 23,675.35 23,629.78 24,194.32 25,220.87
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Operating Cash Flow -13,228.00 -86,373.00 -127,148.00 -17,764.00 -99,493.00 77,600.00 -137,787.00 160,686.00
   Operating Net Income 19,704.00 31,533.00 3,994.00 69,575.00 17,053.00 26,962.00 78,686.00 99,658.00
   Deprecation and Amortization 1,178.00 1,014.00 861.00 830.00 673.00 482.00 348.00 288.00
   Deferred Income Tax 809.00 -2,279.00 0 -2,104.00 0 0 0 0
   Share Based Compensation 1,606.00 2,826.00 2,625.00 2,257.00 3,829.00 3,103.00 3,570.00 3,422.00
   Change in Working Capital -34,605.00 -118,151.00 -116,120.00 -90,038.00 -102,775.00 57,220.00 -230,773.00 42,338.00
   Other Operating Activities -1,920.00 -1,316.00 -18,508.00 1,716.00 -18,273.00 -10,167.00 10,382.00 14,980.00
Investing Cash Flow 12,234.00 2,317.00 -245.00 -3,713.00 2,018.00 -4,855.00 -1,373.00 404.00
   Capital Expenditure 0 0 -831.00 0 -1,001.00 -76.00 -993.00 -1,279.00
   Net Purchase/Sale of PPE 10,116.00 -54.00 -831.00 -64.00 2,018.00 -76.00 -993.00 -1,279.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 2,118.00 2,371.00 -1,497.00 -3,649.00 0 -5,919.00 -380.00 0
   Other Investing Activities 0.00 0.00 2,914.00 0.00 1,001.00 1,216.00 993.00 2,962.00
Financing Cash Flow 3,413.00 86,016.00 131,796.00 31,309.00 97,493.00 -61,777.00 141,971.00 -148,875.00
   Net Issuance/Repayment of Debt 4,271.00 109,277.00 142,467.00 30,020.00 133,422.00 -72,110.00 197,617.00 -125,156.00
   Net Issuance/Repurchase of Equity 918.00 -19,740.00 4,241.00 1,289.00 11,508.00 1,546.00 59,672.00 27,935.00
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities -1,776.00 -3,521.00 -14,912.00 0.00 -47,437.00 8,787.00 -115,318.00 -51,654.00
Net Change in Cash 2,419.00 1,960.00 4,403.00 9,832.00 18.00 10,968.00 2,811.00 12,215.00
   Cash at Beginning of Period 59,560.00 57,600.00 53,197.00 51,071.00 48,978.00 31,998.00 50,514.00 0
   Cash at End of Period 61,979.00 59,560.00 57,600.00 60,903.00 48,996.00 42,966.00 53,325.00 0
Free Cash Flow -13,267.00 -86,427.00 -127,979.00 -17,828.00 -100,494.00 77,524.00 -138,780.00 159,407.00