Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 13.27 9.17 17.90 12.51 7.25
Price to Sales
Book Value Per Common Share 23.61 22.68 20.69 22.70 20.78
Price to Book 0.88 0.99 1.06 1.83 1.09
Price to Operating Cash Flow -936.65 4.92 4.15 14.05 2.39
Price to Free Cash Flow -140.05 5.09 4.58 16.33 2.71
Enterprise Value to EBITDA 25059.99 29119.44 73136.95 84983.31 42249.56
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 18.43 140.81 61.86 121.00 63.74 22.93 172.92 48.29
Price to Sales 12.80 9.26 7.70
Book Value Per Common Share 26.07 23.78 23.94 23.61 23.44 22.73 22.68 21.43 20.69 21.66 22.70 20.38 20.78
Price to Book 0.96 0.95 0.72 0.88 0.83 0.98 0.99 0.96 1.06 1.92 1.83 1.66 1.09
Price to Operating Cash Flow -123.33 39.11 15.87 28.97 -11.31 -48.97 -8.75 38.15
Price to Free Cash Flow -89.85 40.14 16.17 30.05 -10.92 -41.82 -8.57 44.39
Enterprise Value to EBITDA 101322.30 106960.93 159592.06 862647.65 306283.97

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -36.59 100.00 -62.95 6.07
Revenue YoY
EBITDA YoY 8.18 160.15 -35.66 -4.55
Net Profit YoY -35.67 107.56 -61.54 4.57
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 750.00 -42.86 75.00 -54.29 -61.11 275.00 -65.71
Revenue YoY -21.35
EBITDA YoY 63.67 180.11 -54.32
Net Profit YoY 755.94 -44.03 71.97 -53.59 -60.48 296.02 -64.58

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 27.97 34.61 6.44 55.18 47.98
Quick Ratio
Current Ratio
Debt to Equity 9.23 10.45 10.74 9.14 8.74
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 22.84 27.85 53.19 34.43 48.63 6.26 61.57 53.78 62.38 49.21
Quick Ratio
Current Ratio
Debt to Equity 8.86 9.66 8.74 9.23 10.28 11.16 10.45 12.09 10.74 9.97 9.14 10.18 8.74
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.64 0.94 0.49 1.40 1.60
ROE 6.57 10.79 5.76 14.21 15.62
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 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 0.53 0.06 0.12 0.06 0.13 0.32 0.10 0.31
ROE 5.23 0.66 1.15 0.69 1.54 4.18 1.09 3.42
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 69.37 6.37 6.40

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 0.00 0.00 0.00
Dividend Payout Ratio 12.47 110.34 82.55

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 3,128,704.00 3,313,882.00 3,068,850.00 2,792,449.00 2,331,476.00
   Deposits 2,693,615.00 2,901,476.00 2,570,482.00 2,377,605.00 1,982,389.00
      Cash and Short-Term Investments 360,496.00 439,315.00 79,024.00 649,995.00 567,174.00
            Cash and Cash Equivalents 317,913.00 398,229.00 40,280.00 617,593.00 539,589.00
            Short-Term Investments 42,583.00 41,086.00 38,744.00 32,402.00 27,585.00
      Net Receivables 0 629.00 23,126.00 0 2,856,862.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 39,375.00 33,828.00 23,653.00 25,052.00 43,703.00
      Real Estate 0 0 1,200.00 2,300.00 5,700.00
      Goodwill 2,838.00 2,838.00 3,988.00 3,988.00 2,350.00
      Intangible Assets 600.00 600.00 3,820.00 3,820.00 3,941.00
      Long-Term Investments 78,255.00 75,754.00 76,223.00 40,013.00 46,494.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 2,822,913.00 3,024,540.00 2,807,459.00 2,517,146.00 2,091,993.00
      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 305,791.00 289,342.00 261,391.00 275,303.00 239,483.00
   Shareholders Equity 305,679.00 289,384.00 261,084.00 274,328.00 239,483.00
      Capital Stock 13,793.00 13,606.00 13,466.00 12,935.00 19,708.00
      Share Premium 164,677.00 160,488.00 157,152.00 143,521.00 129,119.00
      Retained Earnings 172,181.00 160,862.00 144,911.00 138,219.00 105,171.00
      Treasury Shares -16,741.00 -16,741.00 -16,741.00 -16,741.00 -16,741.00
      Accumulated Other Comprehensive Income -28,231.00 -28,831.00 -37,704.00 -3,606.00 2,226.00
   Minority Interest 112.00 -42.00 307.00 975.00 0
Investments 120,838.00 116,840.00 114,967.00 72,415.00 1,938,447.00
Debt 73,787.00 80,326.00 83,051.00 73,030.00 43,407.00
Net Debt 0 0 4,027.00 0 0
Common Shares Outstanding 12,945.30 12,758.38 12,618.26 12,086.95 11,526.31
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cost Of Revenue 0 0 14,194.00 6,857.00 16,484.00
Interest Income 185,842.00 189,818.00 125,957.00 83,429.00 80,453.00
Interest Expense 76,644.00 66,535.00 14,154.00 6,270.00 11,627.00
Net Interest 109,198.00 123,283.00 111,803.00 77,159.00 68,826.00
Non-Interest Income 42,913.00 19,715.00 38,294.00 62,596.00 91,837.00
Non-Interest Expense -122,226.00 117,625.00 117,388.00 97,452.00 97,141.00
Provisions for Credit Losses 0 0 14,194.00 -6,857.00 16,484.00
   Selling, General and Administrative Expenses 41,519.00 38,184.00 29,728.00 27,197.00 25,003.00
EBT 26,344.00 27,294.00 18,515.00 48,578.00 46,943.00
Income Tax 6,099.00 5,070.00 4,128.00 9,882.00 9,532.00
Net Income Including Non-Controlling Interests 20,245.00 31,006.00 14,387.00 38,696.00 0
Net Income Non-Controlling Interests -154.00 226.00 660.00 425.00 0
Net Income 20,091.00 31,232.00 15,047.00 39,121.00 37,411.00
EBIT 102,988.00 93,829.00 32,669.00 54,848.00 58,570.00
Deprecation and Amortization 3,931.00 5,003.00 5,322.00 4,198.00 3,292.00
EBITDA 106,919.00 98,832.00 37,991.00 59,046.00 61,862.00
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 12,890.16 12,694.21 12,279.46 11,778.56 11,821.57
Average Shares Outstanding Diluted 13,136.76 12,997.33 12,870.73 12,613.62 12,088.11
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -285.00 58,233.00 65,180.00 34,815.00 112,235.00
   Operating Net Income 20,245.00 31,006.00 14,387.00 38,696.00 37,411.00
   Deprecation and Amortization 3,931.00 5,003.00 5,322.00 4,198.00 3,292.00
   Deferred Income Tax 2,196.00 97.00 -3,631.00 6,129.00 -3,386.00
   Share Based Compensation 2,913.00 2,658.00 2,800.00 2,634.00 2,353.00
   Change in Working Capital 176,619.00 33,678.00 -589,624.00 -465,983.00 -97,846.00
   Other Operating Activities -206,189.00 -14,209.00 635,926.00 449,141.00 170,411.00
Investing Cash Flow 144,463.00 88,249.00 -628,954.00 -571,954.00 -294,111.00
   Capital Expenditure -1,620.00 -1,915.00 -6,082.00 -4,865.00 -13,230.00
   Net Purchase/Sale of PPE 15,687.00 -1,490.00 -2,992.00 -4,565.00 -4,928.00
   Net Purchase/Sale of Investments Net -70,060.00 41,640.00 -20,641.00 -23,390.00 120,815.00
   Net Purchase/Sale of Business -1,948.00 -6,679.00 -38,400.00 -1,272.00 57,306.00
   Net Loan & Lease Activity 1,246.00 14,934.00 3,832.00 0 0
   Other Investing Activities 201,158.00 41,759.00 -564,671.00 -537,862.00 -454,074.00
Financing Cash Flow -224,494.00 211,467.00 296,617.00 580,683.00 417,767.00
   Net Issuance/Repayment of Debt -8,907.00 -8,246.00 -1,473.00 567.00 -623.00
   Net Issuance/Repurchase of Equity 1,489.00 637.00 2,069.00 -2,404.00 20,210.00
   Dividends Paid 8,772.00 8,639.00 8,355.00 6,073.00 4,736.00
   Other Financing Activities -225,848.00 210,437.00 287,666.00 576,447.00 393,444.00
Net Change in Cash -80,316.00 357,949.00 -267,157.00 43,544.00 235,891.00
   Cash at Beginning of Period 398,229.00 40,280.00 307,437.00 263,893.00 28,002.00
   Cash at End of Period 317,913.00 398,229.00 40,280.00 307,437.00 263,893.00
Free Cash Flow -1,905.00 56,318.00 59,098.00 29,950.00 99,005.00
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 3,232,953.00 3,224,008.00 3,019,687.00 3,128,704.00 3,418,756.00 3,547,390.00 3,313,882.00 3,551,876.00 3,068,850.00 2,893,464.00 2,792,449.00 2,646,089.00 2,331,476.00
   Deposits 0 0 2,583,798.00 2,693,615.00 0 3,145,329.00 2,901,476.00 3,150,815.00 2,570,482.00 2,509,079.00 2,377,605.00 2,216,553.00 1,982,389.00
      Cash and Short-Term Investments 0 0 295,767.00 360,496.00 0 681,463.00 439,315.00 613,841.00 79,024.00 744,620.00 649,995.00 719,235.00 567,174.00
            Cash and Cash Equivalents 300,042.00 399,379.00 251,450.00 317,913.00 610,911.00 640,426.00 398,229.00 575,265.00 40,280.00 710,173.00 617,593.00 691,035.00 539,589.00
            Short-Term Investments 324,709.00 396,555.00 44,317.00 42,583.00 374,828.00 41,037.00 41,086.00 38,576.00 38,744.00 34,447.00 32,402.00 28,200.00 27,585.00
      Net Receivables 0 0 0 0 0 0 629.00 19,893.00 23,126.00 9,161.00 0 1,668,171.00 2,856,862.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 10,351.00 10,877.00 11,489.00 39,375.00 18,838.00 32,468.00 33,828.00 36,469.00 23,653.00 25,357.00 25,052.00 44,590.00 43,703.00
      Real Estate 0 0 0 0 0 0 0 0 1,200.00 0 2,300.00 0 5,700.00
      Goodwill 0 0 1,200.00 2,838.00 0 2,838.00 2,838.00 2,838.00 3,988.00 3,988.00 3,988.00 2,350.00 2,350.00
      Intangible Assets 0 0 0 600.00 0 0 600.00 0 3,820.00 0 3,820.00 0 3,941.00
      Long-Term Investments 452,830.00 521,901.00 79,004.00 78,255.00 493,760.00 76,190.00 75,754.00 75,149.00 76,223.00 43,063.00 40,013.00 39,883.00 46,494.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 2,905,201.00 2,921,693.00 2,709,633.00 2,822,913.00 3,115,556.00 3,255,562.00 3,024,540.00 3,280,560.00 2,807,459.00 2,629,602.00 2,517,146.00 2,409,406.00 2,091,993.00
      Payables and Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0
            Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Debt 73,976.00 73,912.00 0 0 73,725.00 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity 327,752.00 302,315.00 310,054.00 305,791.00 303,200.00 291,828.00 289,342.00 271,316.00 261,391.00 263,862.00 275,303.00 236,683.00 239,483.00
   Shareholders Equity 327,752.00 302,315.00 310,054.00 305,679.00 303,086.00 291,850.00 289,384.00 271,131.00 261,084.00 263,080.00 274,328.00 236,210.00 239,483.00
      Capital Stock 13,892.00 13,877.00 13,798.00 13,793.00 13,776.00 13,689.00 13,606.00 13,501.00 13,466.00 12,991.00 12,935.00 12,438.00 19,708.00
      Share Premium 167,608.00 166,078.00 165,559.00 164,677.00 163,532.00 162,502.00 160,488.00 157,844.00 157,152.00 144,968.00 143,521.00 130,337.00 129,119.00
      Retained Earnings 188,350.00 173,350.00 173,557.00 172,181.00 164,978.00 163,199.00 160,862.00 147,465.00 144,911.00 139,024.00 138,219.00 112,068.00 105,171.00
      Treasury Shares 26,859.00 23,121.00 -16,741.00 -16,741.00 16,741.00 -16,741.00 -16,741.00 -16,741.00 -16,741.00 -16,741.00 -16,741.00 -16,741.00 -16,741.00
      Accumulated Other Comprehensive Income -15,239.00 -27,869.00 -26,119.00 -28,231.00 -22,459.00 -30,799.00 -28,831.00 -30,938.00 -37,704.00 -17,162.00 -3,606.00 -1,892.00 2,226.00
   Minority Interest 0 0 0 112.00 114.00 -22.00 -42.00 185.00 307.00 782.00 975.00 473.00 0
Investments 0 0 123,321.00 120,838.00 0 117,227.00 116,840.00 113,725.00 114,967.00 77,510.00 72,415.00 2,185,590.00 1,938,447.00
Debt 73,976.00 73,912.00 73,850.00 73,787.00 73,725.00 80,151.00 80,326.00 82,997.00 83,051.00 73,094.00 73,030.00 43,443.00 43,407.00
Net Debt 0 0 0 0 0 0 0 0 4,027.00 0 0 0 0
Common Shares Outstanding 12,570.10 12,714.66 12,950.30 12,945.30 12,927.96 12,840.88 12,758.38 12,653.18 12,618.26 12,143.12 12,086.95 11,590.05 11,526.31
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 24,704.00 31,410.00 0 32,496.00 0 0 0 0
Cost Of Revenue 0 0 0 0 0 4,455.00 1,330.00 612.00
Interest Income 44,220.00 42,384.00 43,229.00 46,627.00 50,030.00 44,763.00 23,262.00 19,063.00
Interest Expense 17,647.00 16,604.00 16,553.00 20,042.00 19,891.00 12,034.00 1,414.00 1,558.00
Net Interest 0 0 26,676.00 0 30,139.00 32,729.00 21,848.00 17,505.00
Non-Interest Income 0 0 7,008.00 0 7,834.00 3,067.00 11,870.00 12,458.00
Non-Interest Expense 32,528.00 27,669.00 -28,701.00 28,355.00 -30,191.00 -28,317.00 -28,862.00 -19,118.00
Provisions for Credit Losses 0 0 0 0 0 4,455.00 1,330.00 612.00
   Selling, General and Administrative Expenses 22,319.00 16,879.00 8,697.00 17,763.00 10,503.00 7,717.00 7,648.00 5,296.00
EBT 23,427.00 3,166.00 4,806.00 2,798.00 5,785.00 2,903.00 3,576.00 10,227.00
Income Tax 6,291.00 1,164.00 1,247.00 642.00 1,283.00 465.00 905.00 2,169.00
Net Income Including Non-Controlling Interests 17,136.00 2,002.00 3,559.00 2,156.00 4,502.00 11,220.00 2,671.00 8,058.00
Net Income Non-Controlling Interests 0 0 18.00 -76.00 -20.00 122.00 193.00 27.00
Net Income 17,136.00 2,002.00 3,577.00 2,080.00 4,482.00 11,342.00 2,864.00 8,085.00
EBIT 0 0 21,359.00 0 25,676.00 14,937.00 4,990.00 11,785.00
Deprecation and Amortization 598.00 782.00 776.00 930.00 1,102.00 1,424.00 851.00 1,003.00
EBITDA 0 0 22,135.00 0 26,778.00 16,361.00 5,841.00 12,788.00
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 12,615.48 12,912.11 12,948.18 12,927.96 12,810.96 12,623.36 12,093.18 11,530.28
Average Shares Outstanding Diluted 13,010.53 13,121.44 13,181.21 13,169.01 13,119.29 13,016.08 12,927.81 12,286.73
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 -2,564.00 7,439.00 14,128.00 8,638.00 -25,261.00 -5,321.00 -57,339.00 10,216.00
   Operating Net Income 17,136.00 2,002.00 3,559.00 2,156.00 4,502.00 11,220.00 2,671.00 8,058.00
   Deprecation and Amortization 598.00 782.00 776.00 930.00 1,102.00 1,424.00 851.00 1,003.00
   Deferred Income Tax 102.00 -139.00 76.00 134.00 20.00 22.00 9.00 -1,036.00
   Share Based Compensation 1,108.00 1,000.00 711.00 652.00 780.00 831.00 674.00 592.00
   Change in Working Capital 3,371.00 3,747.00 17,045.00 3,467.00 14,477.00 7,318.00 -92,665.00 -248,425.00
   Other Operating Activities -24,879.00 47.00 -8,039.00 1,299.00 -46,142.00 -26,136.00 31,121.00 250,024.00
Investing Cash Flow -62,730.00 -70,124.00 31,269.00 27,769.00 25,798.00 69,374.00 -26,982.00 -263,393.00
   Capital Expenditure 0 0 -261.00 0 -921.00 -908.00 -1,227.00 -1,436.00
   Net Purchase/Sale of PPE -900.00 -191.00 -111.00 -307.00 -867.00 -481.00 -1,227.00 -1,436.00
   Net Purchase/Sale of Investments Net 15,584.00 19,634.00 -5,102.00 -5,103.00 -21,047.00 47,617.00 7,601.00 54,416.00
   Net Purchase/Sale of Business 42,282.00 0 3,463.00 0 -1,564.00 -3,935.00 0 0
   Net Loan & Lease Activity 1,246.00 14,934.00 3,832.00 0 0
   Other Investing Activities -119,696.00 -89,567.00 5,602.00 33,179.00 50,197.00 26,520.00 -32,129.00 -314,937.00
Financing Cash Flow -34,043.00 210,614.00 -111,860.00 118,987.00 241,660.00 470,932.00 130,856.00 328,900.00
   Net Issuance/Repayment of Debt 0 0 1,288.00 0 -1,261.00 -4,749.00 716.00 347.00
   Net Issuance/Repurchase of Equity -3,638.00 0 72.00 0 1,213.00 70.00 725.00 -6,644.00
   Dividends Paid -2,136.00 -2,209.00 2,201.00 -1,717.00 2,145.00 2,146.00 2,059.00 1,188.00
   Other Financing Activities -28,269.00 0 -115,421.00 120,704.00 239,563.00 473,465.00 127,356.00 334,009.00
Net Change in Cash -99,337.00 147,929.00 -66,463.00 155,394.00 242,197.00 534,985.00 46,535.00 75,723.00
   Cash at Beginning of Period 399,379.00 251,450.00 317,913.00 455,517.00 398,229.00 40,280.00 307,437.00 263,893.00
   Cash at End of Period 300,042.00 399,379.00 251,450.00 610,911.00 640,426.00 575,265.00 353,972.00 339,616.00
Free Cash Flow -3,519.00 7,248.00 13,867.00 8,329.00 -26,182.00 -6,229.00 -58,566.00 8,780.00