Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 88.75 7.26
Price to Sales 0.78 0.86
Book Value Per Common Share 6.80 7.00 7.00 4.79
Price to Book 1.44 1.84
Price to Operating Cash Flow 4.63 3.71
Price to Free Cash Flow 11.89 7.65
Enterprise Value to EBITDA 60133.65 40430.97
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -67.40 -27.87 -36.98 162.72 -346.20
Price to Sales 8.51 2.55 2.60 3.67 3.26
Book Value Per Common Share 7.98 6.31 6.50 6.80 6.89
Price to Book 2.11 1.28 1.08 1.44 1.51
Price to Operating Cash Flow -713.98 -91.44 13.43 40.03 14.60
Price to Free Cash Flow -47.49 -20.07 61.09 131.93 27.84
Enterprise Value to EBITDA 4263309.62 1156098.57 637795.40 189741.55 281152.27

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -93.79 -32.70 192.22
Revenue YoY -3.93 22.60 99.61
EBITDA YoY -48.36 -13.59 165.44
Net Profit YoY -86.40 -29.07 191.86
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY -20.90 13.59 -21.20 2.08
EBITDA YoY -32.27 -36.07 -78.06 41.53
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.62 0.90 0.81 0.50
Quick Ratio 0.87 0.82 0.47 1.42
Current Ratio 1.37 1.12 0.91 1.86
Debt to Equity 0.86 0.80 0.93 0.56
Long-Term Debt to Equity 0.52 0.34 0.40 0.34
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 3.17 0.58 0.87 0.51 0.44
Quick Ratio 2.15 0.74 0.77 0.87 0.79
Current Ratio 2.97 1.36 1.32 1.37 1.35
Debt to Equity 0.61 0.94 0.93 0.86 0.78
Long-Term Debt to Equity 0.40 0.61 0.58 0.52 0.48

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 1.66 12.36 19.46 12.08
ROE 3.08 22.27 37.53 18.84
Gross Margin 19.96 28.80 41.14 31.05
Operating Margin 3.16 16.38 27.05 16.57
EBITDA Margin 13.01 24.20 34.33 25.82
Net Profit Margin 1.68 11.87 20.51 14.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -1.57 -2.07 -1.38 0.57 -0.04
ROE -2.53 -4.02 -2.66 1.06 -0.07
Gross Margin 15.83 12.28 15.24 20.37 19.52
Operating Margin -11.97 -8.62 -8.55 6.30 0.95
EBITDA Margin 2.16 2.52 4.47 16.07 11.59
Net Profit Margin -11.00 -9.14 -7.02 2.26 -0.14

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00
Dividend Payout Ratio 219.82 31.37 17.27
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield 0.00 0.00 0.00 0.00
Dividend Payout Ratio -13.34 -26.18 3.32 -3335.15

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 674,686.00 665,836.00 596,339.00 329,033.00
   Current Assets 167,634.00 189,739.00 147,489.00 86,761.00
      Cash and Short-Term Investments 33,009.00 41,962.00 35,613.00 21,891.00
            Cash and Cash Equivalents 33,009.00 41,962.00 35,613.00 21,891.00
            Short-Term Investments 0 0 0 0
      Net Receivables 73,582.00 96,866.00 41,174.00 44,453.00
      Inventory 43,358.00 37,163.00 44,973.00 15,791.00
      Other Current Assets 17,685.00 13,748.00 25,729.00 4,626.00
   Non-Current Assets 507,052.00 476,097.00 448,850.00 242,272.00
      Property, Plant, Equipment Net 494,456.00 469,373.00 442,747.00 236,205.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 12,596.00 6,724.00 6,103.00 6,067.00
Liabilities 311,880.00 296,231.00 287,141.00 117,959.00
   Current Liabilities 122,428.00 169,986.00 162,845.00 46,660.00
      Payables and Expenses 110,514.00 103,849.00 76,631.00 34,756.00
            Account Payables 48,855.00 51,624.00 34,825.00 15,346.00
            Current Accrued Liabilities 61,659.00 52,225.00 41,806.00 19,410.00
      Short-Term Debt 6,577.00 61,990.00 81,608.00 11,135.00
      Other Current Liabilities 5,337.00 4,147.00 4,606.00 769.00
   Non-Current Liabilities 189,452.00 126,245.00 124,296.00 71,299.00
      Long-Term Debt 95,709.00 38,560.00 56,504.00 40,301.00
      Other Non-Current Liabilities 93,743.00 87,685.00 67,792.00 30,998.00
Equity 362,806.00 369,605.00 309,198.00 211,074.00
   Shareholders Equity 362,806.00 369,605.00 309,198.00 211,074.00
      Capital Stock 533.00 528.00 442.00 441.00
      Share Premium 292,739.00 277,133.00 168,711.00 163,566.00
      Retained Earnings 69,534.00 91,944.00 140,045.00 47,067.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 0 0 0 0
Debt 102,286.00 100,550.00 138,112.00 51,436.00
Net Debt 55,542.00 48,217.00 91,613.00 21,485.00
Common Shares Outstanding 53,374.91 52,812.14 44,155.74 44,092.98
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 666,295.00 693,524.00 565,688.00 283,394.00
Cost Of Revenue 533,293.00 493,793.00 332,960.00 195,412.00
Interest Expense 6,123.00 8,903.00 6,829.00 2,556.00
Non-Interest Expense 49,286.00 48,831.00 40,032.00 21,629.00
Gross Profit 133,002.00 199,731.00 232,728.00 87,982.00
Operating Expenses 116,366.00 104,486.00 82,341.00 48,449.00
   Selling, General and Administrative Expenses 49,286.00 48,831.00 40,032.00 21,629.00
   Other Operating Expenses 1,465.00 1,403.00 1,115.00 615.00
Operating Income 16,636.00 95,245.00 150,387.00 39,533.00
Net Non-Operating Income 4,407.00 18,321.00 2,637.00 7,429.00
EBT 14,920.00 104,663.00 146,195.00 44,406.00
Income Tax 3,728.00 22,350.00 30,153.00 4,647.00
Net Income Including Non-Controlling Interests 11,192.00 82,313.00 116,042.00 39,759.00
Net Income 11,192.00 82,313.00 116,042.00 39,759.00
EBIT 21,043.00 113,566.00 153,024.00 46,962.00
Deprecation and Amortization 65,615.00 54,252.00 41,194.00 26,205.00
EBITDA 86,658.00 167,818.00 194,218.00 73,167.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 53,374.91 46,504.52 44,164.00 43,964.00
Average Shares Outstanding Diluted 53,374.91 47,579.77 44,702.00 44,257.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 112,665.00 161,036.00 187,870.00 53,340.00
   Operating Net Income 11,192.00 82,313.00 116,042.00 39,759.00
   Deprecation and Amortization 65,615.00 54,252.00 41,194.00 26,205.00
   Deferred Income Tax 1,675.00 18,714.00 29,229.00 -763.00
   Share Based Compensation 17,466.00 12,905.00 8,222.00 5,260.00
   Change in Working Capital 14,336.00 865.00 -7,066.00 -17,950.00
   Other Operating Activities 2,381.00 -8,013.00 249.00 829.00
Investing Cash Flow -70,835.00 -72,211.00 -145,708.00 -59,613.00
   Capital Expenditure -68,842.00 -82,904.00 -123,012.00 -29,466.00
   Net Purchase/Sale of PPE 260.00 0 2,000.00 0
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 1,182.00 -23,635.00 0
   Other Investing Activities 0 0 0 0
Financing Cash Flow -50,788.00 -82,517.00 -28,495.00 22,369.00
   Net Issuance/Repayment of Debt -9,942.00 -44,173.00 -4,088.00 26,126.00
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid -24,602.00 -25,820.00 -20,041.00 0
   Other Financing Activities 0 0 0 0
Net Change in Cash -8,958.00 6,308.00 13,667.00 16,096.00
   Cash at Beginning of Period 42,781.00 36,473.00 22,806.00 6,710.00
   Cash at End of Period 33,823.00 42,781.00 36,473.00 22,806.00
Free Cash Flow 43,823.00 78,132.00 64,858.00 23,874.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 849,655.00 674,646.00 685,735.00 674,686.00 645,395.00
   Current Assets 328,727.00 154,910.00 163,967.00 167,634.00 146,673.00
      Cash and Short-Term Investments 193,846.00 28,130.00 43,466.00 33,009.00 22,864.00
            Cash and Cash Equivalents 193,846.00 28,130.00 43,466.00 33,009.00 22,864.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 43,612.00 55,943.00 52,122.00 73,582.00 62,905.00
      Inventory 81,574.00 59,310.00 56,123.00 43,358.00 53,051.00
      Other Current Assets 9,695.00 11,527.00 12,256.00 17,685.00 7,853.00
   Non-Current Assets 520,928.00 519,736.00 521,768.00 507,052.00 498,722.00
      Property, Plant, Equipment Net 508,978.00 507,017.00 507,551.00 494,456.00 488,762.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 11,950.00 12,719.00 14,217.00 12,596.00 9,960.00
Liabilities 322,743.00 327,207.00 330,487.00 311,880.00 283,571.00
   Current Liabilities 110,566.00 113,787.00 124,361.00 122,428.00 108,788.00
      Payables and Expenses 79,457.00 103,862.00 113,347.00 110,514.00 102,161.00
            Account Payables 41,675.00 56,271.00 59,496.00 48,855.00 53,783.00
            Current Accrued Liabilities 31,872.00 47,591.00 53,851.00 61,659.00 48,378.00
      Short-Term Debt 9,106.00 8,462.00 7,614.00 6,577.00 6,517.00
      Other Current Liabilities 22,003.00 1,463.00 3,400.00 5,337.00 110.00
   Non-Current Liabilities 212,177.00 213,420.00 206,126.00 189,452.00 174,783.00
      Long-Term Debt 127,271.00 125,864.00 117,559.00 95,709.00 83,471.00
      Other Non-Current Liabilities 84,906.00 87,556.00 88,567.00 93,743.00 91,312.00
Equity 526,912.00 347,439.00 355,248.00 362,806.00 361,824.00
   Shareholders Equity 526,912.00 347,439.00 355,248.00 362,806.00 361,824.00
      Capital Stock 549.00 547.00 547.00 533.00 525.00
      Share Premium 509,272.00 314,341.00 306,312.00 292,739.00 281,079.00
      Retained Earnings 17,091.00 32,551.00 48,389.00 69,534.00 80,220.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Debt 136,377.00 134,326.00 125,173.00 102,286.00 89,988.00
Net Debt 0 85,699.00 61,197.00 55,542.00 54,306.00
Common Shares Outstanding 66,012.06 55,092.54 54,693.21 53,374.91 52,529.29
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 120,996.00 152,959.00 134,656.00 170,892.00 167,411.00
Cost Of Revenue 101,842.00 134,182.00 114,132.00 136,079.00 134,731.00
Interest Expense 0 2,818.00 2,230.00 0 0
Non-Interest Expense 16,143.00 15,181.00 14,602.00 11,354.00 12,921.00
Gross Profit 19,154.00 18,777.00 20,524.00 34,813.00 32,680.00
Operating Expenses 33,636.00 32,621.00 32,546.00 28,462.00 31,086.00
   Selling, General and Administrative Expenses 16,143.00 15,181.00 14,602.00 11,354.00 12,921.00
   Other Operating Expenses 402.00 402.00 402.00 402.00 354.00
Operating Income -14,482.00 -13,844.00 -12,022.00 6,351.00 1,594.00
Net Non-Operating Income 125.00 658.00 505.00 1,332.00 -76.00
EBT -16,607.00 -16,004.00 -13,747.00 6,069.00 -178.00
Income Tax -3,299.00 -2,030.00 -4,290.00 2,211.00 61.00
Net Income Including Non-Controlling Interests -13,308.00 -13,974.00 -9,457.00 3,858.00 -239.00
Net Income -13,308.00 -13,974.00 -9,457.00 3,858.00 -239.00
EBIT -14,482.00 -13,186.00 -11,517.00 10,758.00 1,594.00
Deprecation and Amortization 17,091.00 17,038.00 17,542.00 16,706.00 17,811.00
EBITDA 2,609.00 3,852.00 6,025.00 27,464.00 19,405.00
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 61,087.00 48,186.21 49,773.68 64,300.00 52,529.29
Average Shares Outstanding Diluted 61,087.00 48,186.21 49,773.68 64,300.00 52,529.29
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -1,441.00 -4,260.00 26,039.00 15,682.00 37,381.00
   Operating Net Income -13,310.00 -13,974.00 -9,457.00 3,858.00 -239.00
   Deprecation and Amortization 17,091.00 17,038.00 17,542.00 16,706.00 17,811.00
   Deferred Income Tax -3,303.00 -1,670.00 -4,668.00 1,454.00 -167.00
   Share Based Compensation 4,731.00 4,752.00 3,361.00 4,211.00 3,970.00
   Change in Working Capital -7,920.00 -11,166.00 18,506.00 -11,219.00 15,429.00
   Other Operating Activities 1,270.00 760.00 755.00 672.00 577.00
Investing Cash Flow -19,788.00 -14,099.00 -22,256.00 -12,733.00 -18,119.00
   Capital Expenditure -16,852.00 -15,148.00 -20,313.00 -10,922.00 -17,785.00
   Net Purchase/Sale of PPE 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -2,936.00 1,049.00 -1,943.00 -1,811.00 -334.00
Financing Cash Flow 186,945.00 3,023.00 6,674.00 7,191.00 -23,969.00
   Net Issuance/Repayment of Debt 2,450.00 6,824.00 13,834.00 10,219.00 -8,122.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid 0 -1,864.00 -2,476.00 -128.00 -7,971.00
   Other Financing Activities 184,495.00 -1,937.00 -4,684.00 -2,900.00 -7,876.00
Net Change in Cash 165,716.00 -15,336.00 10,457.00 10,140.00 -4,707.00
   Cash at Beginning of Period 28,944.00 44,280.00 33,823.00 23,683.00 28,390.00
   Cash at End of Period 194,660.00 28,944.00 44,280.00 33,823.00 23,683.00
Free Cash Flow -21,671.00 -19,408.00 5,726.00 4,760.00 19,596.00