Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 10.53
Price to Sales 0.75
Book Value Per Common Share 13.90 11.04 9.57 6.75
Price to Book 2.24
Price to Operating Cash Flow 1.85
Price to Free Cash Flow 1.89
Enterprise Value to EBITDA 25377.11
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Price to Earnings 34.66 38.32 36.04 30.28 24.69
Price to Sales 5.24 5.64 2.88 1.28 4.52
Book Value Per Common Share 16.45 15.24 14.69 13.90 13.65
Price to Book 2.04 2.59 2.40 2.24 1.73
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA 231352.72 263024.73 100121.43 197171.58

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 63.77 39.73 62.13
Revenue YoY 23.06 100.14 37.99
EBITDA YoY 24.45 130.96 181.80
Net Profit YoY 59.92 39.74 62.12
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Earning YoY -5.83 5.10 -3.70
Revenue YoY -3.10 -42.23 -49.54 338.57
EBITDA YoY -4.75 -56.47 -3.66
Net Profit YoY -4.56 5.79 67.05 -25.68

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 75.31 66.83 45.49 10.71
Quick Ratio 0.68 0.78 0.84 0.63
Current Ratio 1.09 1.07 1.05 0.89
Debt to Equity 23.89 21.70 22.23 10.02
Long-Term Debt to Equity 1.59 1.23 0.74 0.33
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Cash Per Common Share 97.42 96.69 75.66 74.17 77.86
Quick Ratio 0.74 1.23 0.69 0.68 1.17
Current Ratio 1.11 1.32 1.09 1.09 1.26
Debt to Equity 26.83 27.07 22.28 23.89 19.32
Long-Term Debt to Equity 2.31 12.07 1.47 1.59 7.80

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 0.84 0.73 0.58 1.07
ROE 20.95 16.50 13.52 11.83
Gross Margin 44.47 43.99 42.00 28.44
Operating Margin 28.81 28.34 24.39 11.31
EBITDA Margin 29.83 29.49 25.56 12.52
Net Profit Margin 7.07 5.44 7.79 6.63
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
ROA 0.22 0.25 0.30 0.18 0.30
ROE 6.18 6.90 6.93 4.44 6.08
Gross Margin 39.74 38.83 37.08 38.22
Operating Margin 19.52 20.16 28.12 19.79
EBITDA Margin 21.50 21.88 29.03 21.52
Net Profit Margin 15.11 15.34 8.37 2.53 14.93

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00
Dividend Payout Ratio 37.66 45.55 7.21 35.40
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 24,312,500.00 17,611,600.00 15,743,900.00 5,264,600.00
   Current Assets 23,828,500.00 16,936,000.00 15,354,200.00 4,124,800.00
      Cash and Short-Term Investments 5,213,600.00 4,733,000.00 3,221,200.00 758,300.00
            Cash and Cash Equivalents 2,556,600.00 1,483,500.00 910,100.00 712,000.00
            Short-Term Investments 2,657,000.00 3,249,500.00 2,311,100.00 46,300.00
      Net Receivables 9,549,400.00 7,710,100.00 9,036,700.00 2,173,400.00
      Inventory 35,800.00 163,400.00 35,800.00 80,100.00
      Other Current Assets 9,029,700.00 4,329,500.00 3,060,500.00 1,113,000.00
   Non-Current Assets 484,000.00 675,600.00 389,700.00 1,139,800.00
      Property, Plant, Equipment Net 80,700.00 57,200.00 45,500.00 20,900.00
      Goodwill 176,500.00 163,600.00 155,500.00 208,900.00
      Intangible Assets 56,500.00 56,000.00 25,600.00 21,500.00
      Long-Term Investments 77,500.00 77,000.00 22,000.00 84,800.00
      Non-Current Deferred Assets 46,700.00 21,400.00 7,600.00 4,000.00
      Other Non-Current Assets 46,100.00 300,400.00 133,500.00 799,700.00
Liabilities 23,335,600.00 16,835,700.00 15,066,200.00 4,786,900.00
   Current Liabilities 21,779,200.00 15,884,700.00 14,561,900.00 4,630,100.00
      Payables and Expenses 9,779,900.00 6,793,000.00 6,656,500.00 3,293,300.00
            Account Payables 7,741,000.00 4,915,200.00 6,647,600.00 3,291,200.00
            Current Accrued Liabilities 468,300.00 379,800.00 259,500.00 0
      Short-Term Debt 4,587,900.00 4,440,500.00 5,224,800.00 1,136,500.00
      Other Current Liabilities 7,411,400.00 4,651,200.00 2,680,600.00 200,300.00
   Non-Current Liabilities 1,556,400.00 951,000.00 504,300.00 156,800.00
      Long-Term Debt 1,551,900.00 947,300.00 504,200.00 153,600.00
      Other Non-Current Liabilities 4,500.00 3,700.00 100.00 3,200.00
Equity 976,900.00 775,900.00 677,700.00 477,700.00
   Shareholders Equity 976,900.00 775,900.00 677,700.00 477,700.00
      Capital Stock 100.00 100.00 100.00 100.00
      Share Premium 300,200.00 231,900.00 231,900.00 134,300.00
      Retained Earnings 722,400.00 555,300.00 455,300.00 346,600.00
      Treasury Shares 23,200.00 9,800.00 7,900.00 0
      Accumulated Other Comprehensive Income -22,600.00 -1,600.00 -1,700.00 -3,300.00
   Minority Interest 0 0 0 0
Debt 6,139,800.00 5,387,800.00 5,729,000.00 1,290,100.00
Net Debt 3,505,700.00 3,851,700.00 4,780,000.00 555,100.00
Common Shares Outstanding 70,290.89 70,290.89 70,818.08 70,818.08
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 2,894,800.00 2,352,300.00 1,175,300.00 851,700.00
Cost Of Revenue 1,607,600.00 1,317,500.00 681,700.00 609,500.00
Interest Income 0 591,800.00 194,400.00 23,100.00
Interest Expense 538,100.00 470,200.00 165,000.00 26,400.00
Non-Interest Expense 247,100.00 182,100.00 120,100.00 82,500.00
Gross Profit 1,287,200.00 1,034,800.00 493,600.00 242,200.00
Operating Expenses 450,900.00 356,500.00 223,100.00 144,800.00
   Selling, General and Administrative Expenses 247,100.00 182,100.00 120,100.00 82,500.00
   Other Operating Expenses 171,400.00 137,500.00 78,000.00 49,700.00
Operating Income 836,300.00 678,300.00 270,500.00 97,400.00
Net Non-Operating Income 6,300.00 3,400.00 2,800.00 1,900.00
EBT 295,800.00 196,500.00 121,600.00 69,900.00
Income Tax 77,800.00 55,200.00 23,400.00 13,400.00
Net Income Including Non-Controlling Interests 218,000.00 141,300.00 98,200.00 56,500.00
Net Income Non-Controlling Interests -13,300.00 -13,300.00 -6,600.00 0
Net Income 204,700.00 128,000.00 91,600.00 56,500.00
EBIT 833,900.00 666,700.00 286,600.00 96,300.00
Deprecation and Amortization 28,800.00 21,900.00 13,800.00 10,300.00
EBITDA 863,400.00 693,800.00 300,400.00 106,600.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 69,231.62 70,818.08 70,818.08 70,818.08
Average Shares Outstanding Diluted 75,279.45 70,818.08 70,818.08 70,818.08
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 1,163,500.00 735,000.00 225,600.00 470,800.00
   Operating Net Income 295,800.00 196,500.00 121,600.00 69,900.00
   Deprecation and Amortization 28,800.00 21,900.00 13,800.00 10,300.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 29,600.00 20,300.00 16,700.00 1,200.00
   Change in Working Capital 1,040,400.00 609,000.00 -22,000.00 184,100.00
   Other Operating Activities -231,100.00 -112,700.00 95,500.00 205,300.00
Investing Cash Flow -35,300.00 -97,600.00 -46,300.00 -19,800.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -11,700.00 -9,000.00 -3,600.00 -3,800.00
   Net Purchase/Sale of Investments Net -4,400.00 0 0 0
   Net Purchase/Sale of Business -11,000.00 -85,500.00 -36,900.00 -12,500.00
   Other Investing Activities -8,200.00 -3,100.00 -5,800.00 0
Financing Cash Flow -37,200.00 -72,800.00 26,500.00 -27,200.00
   Net Issuance/Repayment of Debt -8,600.00 -11,400.00 -56,600.00 -7,200.00
   Net Issuance/Repurchase of Equity 53,300.00 -3,100.00 -7,900.00 0
   Dividends Paid -77,100.00 -58,300.00 -6,600.00 -20,000.00
   Other Financing Activities -4,800.00 0.00 97,600.00 0.00
Net Change in Cash 1,091,000.00 564,600.00 205,800.00 423,800.00
   Cash at Beginning of Period 1,483,500.00 910,100.00 712,000.00 291,500.00
   Cash at End of Period 2,556,600.00 1,483,500.00 910,100.00 712,000.00
Free Cash Flow 1,143,600.00 722,900.00 216,200.00 463,500.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Assets 32,940,100.00 31,188,300.00 24,354,500.00 24,312,500.00 19,505,700.00 0
   Current Assets 32,130,600.00 21,937,500.00 23,775,300.00 23,828,500.00 13,947,600.00 0
      Cash and Short-Term Investments 7,351,400.00 6,908,700.00 5,337,000.00 5,213,600.00 5,829,200.00 0
            Cash and Cash Equivalents 3,107,700.00 6,908,700.00 2,606,700.00 2,556,600.00 5,829,200.00 0
            Short-Term Investments 4,243,700.00 0 2,730,300.00 2,657,000.00 0 2,532,600.00
      Net Receivables 14,220,800.00 13,557,100.00 9,747,100.00 9,549,400.00 7,109,800.00 0
      Inventory 179,500.00 0 104,100.00 35,800.00 0 123,000.00
      Other Current Assets 10,378,900.00 0 8,587,100.00 9,029,700.00 0 0
   Non-Current Assets 809,500.00 9,250,800.00 579,200.00 484,000.00 5,558,100.00 0
      Property, Plant, Equipment Net 88,500.00 0 86,800.00 80,700.00 0 79,000.00
      Goodwill 248,300.00 0 225,000.00 176,500.00 0 167,400.00
      Intangible Assets 71,400.00 0 54,500.00 56,500.00 0 53,700.00
      Long-Term Investments 86,000.00 8,533,500.00 29,500.00 77,500.00 5,111,700.00 0
      Non-Current Deferred Assets 20,600.00 0 29,500.00 46,700.00 0 20,700.00
      Other Non-Current Assets 294,700.00 0 153,900.00 46,100.00 0 0
Liabilities 31,756,500.00 30,077,100.00 23,308,300.00 23,335,600.00 18,545,900.00 0
   Current Liabilities 29,027,000.00 16,663,300.00 21,769,100.00 21,779,200.00 11,064,100.00 0
      Payables and Expenses 13,550,100.00 13,372,600.00 9,243,000.00 9,779,900.00 8,078,300.00 0
            Account Payables 13,528,300.00 13,372,600.00 9,204,000.00 7,741,000.00 8,078,300.00 0
            Current Accrued Liabilities 0 0 0 468,300.00 0 434,700.00
      Short-Term Debt 6,066,900.00 3,290,700.00 5,276,700.00 4,587,900.00 2,333,700.00 0
      Other Current Liabilities 9,410,000.00 0.00 7,249,400.00 7,411,400.00 652,100.00 0
   Non-Current Liabilities 2,729,500.00 13,413,800.00 1,539,200.00 1,556,400.00 7,481,800.00 0
      Long-Term Debt 2,724,500.00 5,257,800.00 1,536,100.00 1,551,900.00 2,635,000.00 0
      Other Non-Current Liabilities 5,000.00 8,156,000.00 3,100.00 4,500.00 4,846,800.00 0
Equity 1,183,600.00 1,111,200.00 1,046,200.00 976,900.00 959,800.00 0
   Shareholders Equity 1,179,500.00 1,111,200.00 1,046,200.00 976,900.00 959,800.00 0
      Capital Stock 100.00 0 100.00 100.00 0 100.00
      Share Premium 323,500.00 0 317,600.00 300,200.00 0 300,200.00
      Retained Earnings 896,700.00 0 775,300.00 722,400.00 0 611,200.00
      Treasury Shares 57,900.00 0 48,900.00 23,200.00 0 23,200.00
      Accumulated Other Comprehensive Income 17,100.00 0 2,100.00 -22,600.00 0 -6,000.00
   Minority Interest 4,100.00 0 0 0 0 0
Debt 8,791,400.00 8,548,500.00 6,812,800.00 6,139,800.00 4,968,700.00 0
Net Debt 5,599,800.00 1,639,800.00 4,123,000.00 3,505,700.00 0 2,376,500.00
Common Shares Outstanding 71,699.92 72,899.08 71,231.71 70,290.89 70,290.89 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 484,600.00 500,100.00 865,700.00 1,715,700.00 391,200.00 0
Cost Of Revenue 292,000.00 305,900.00 544,700.00 0 241,700.00 256,000.00
Gross Profit 192,600.00 194,200.00 321,000.00 0 149,500.00 166,100.00
Operating Expenses 98,000.00 93,400.00 81,700.00 0 72,100.00 86,400.00
   Other Operating Expenses 88,300.00 83,700.00 73,800.00 0 65,900.00 80,600.00
Operating Income 94,600.00 100,800.00 239,300.00 0 77,400.00 79,700.00
Net Non-Operating Income 4,200.00 2,600.00 700.00 0 1,600.00 400.00
Interest Expense 0 0 145,400.00 0 0 125,000.00
EBT 98,800.00 103,600.00 98,000.00 77,800.00 79,000.00 0
Income Tax 25,600.00 26,900.00 25,500.00 0 20,600.00 20,800.00
Net Income Including Non-Controlling Interests 73,200.00 76,700.00 72,500.00 56,700.00 58,400.00 0
Net Income Non-Controlling Interests 0 0 0 0 0 -3,300.00
Net Income 73,200.00 76,700.00 72,500.00 43,400.00 58,400.00 0
EBIT 94,600.00 100,800.00 243,400.00 0 77,400.00 79,700.00
Deprecation and Amortization 9,600.00 8,600.00 7,900.00 0 6,800.00 7,700.00
EBITDA 104,200.00 109,400.00 251,300.00 0 84,200.00 87,400.00
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 75,463.92 71,450.30 70,541.77 0 74,871.79 69,349.52
Average Shares Outstanding Diluted 79,565.22 71,699.92 78,804.35 0 80,000.00 70,290.89
Breakdown
Operating Cash Flow
   Operating Net Income
   Deprecation and Amortization
   Deferred Income Tax
   Share Based Compensation
   Change in Working Capital
   Other Operating Activities
Investing Cash Flow
   Capital Expenditure
   Net Purchase/Sale of PPE
   Net Purchase/Sale of Investments Net
   Net Purchase/Sale of Business
   Other Investing Activities
Financing Cash Flow
   Net Issuance/Repayment of Debt
   Net Issuance/Repurchase of Equity
   Dividends Paid
   Other Financing Activities
Net Change in Cash
   Cash at Beginning of Period
   Cash at End of Period
Free Cash Flow