Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31
Price to Earnings 24.70 19.33
Price to Sales
Book Value Per Common Share 12.55 12.87 13.02
Price to Book 2.09 2.01
Price to Operating Cash Flow 66.43 7.87
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 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Price to Earnings 63.20 87.79 115.95 31.77 43.07 99.31
Price to Sales
Book Value Per Common Share 12.06 12.21 12.45 12.55 12.62 12.74 12.77 12.87 13.06 13.14 13.14 13.02 13.20
Price to Book 2.10 2.08 2.05 2.09 2.04 1.99 2.02 2.01
Price to Operating Cash Flow 12.47 19.03 26.48 -17.83 -29.20 36885.71
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31
Earning YoY -20.90 78.67
Revenue YoY
EBITDA YoY
Net Profit YoY -16.18 81.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Earning YoY 37.93 31.82 37.29 126.92 35.44 79.55 -26.67
Revenue YoY
EBITDA YoY
Net Profit YoY 39.08 33.20 38.61 125.77 36.14 78.14 -25.53

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31
Cash Per Common Share 0.88 0.86 0.88
Quick Ratio
Current Ratio
Debt to Equity 1.65 1.63 1.86
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Cash Per Common Share 0.72 0.66 0.92 0.87 0.71 1.26 0.00 0.84 0.99 0.62 0.62 0.87 0.68
Quick Ratio
Current Ratio
Debt to Equity 1.82 1.67 1.65 1.65 1.71 1.75 1.65 1.63 1.74 1.79 1.85 1.86 1.81
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31
ROA 2.53 3.15 1.66
ROE 6.71 8.27 4.75
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 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
ROA 0.98 0.72 0.53 1.86 1.33 0.62 2.41 1.77 0.98 1.33
ROE 2.75 1.91 1.40 5.05 3.66 1.63 6.62 4.93 2.79 3.74
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

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

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31
Assets 4,484,396.00 4,302,775.00 4,498,018.00
      Cash and Short-Term Investments 93,820.00 86,590.00 87,729.00
            Cash and Cash Equivalents 93,820.00 86,590.00 87,729.00
            Short-Term Investments 0 0 0
      Net Receivables 0 0 0
      Inventory 0 0 0
      Other Current Assets 0 0 0
      Property, Plant, Equipment Net 0 0 0
      Goodwill 0 0 0
      Intangible Assets 0 0 0
      Long-Term Investments 0 0 0
      Non-Current Deferred Assets 0 594.00 0
      Other Non-Current Assets 0 0 0
Liabilities 2,793,572.00 2,666,504.00 2,924,908.00
      Payables and Expenses 0 0 0
            Account Payables 0 0 0
            Current Accrued Liabilities 0 0 0
      Short-Term Debt 0 0 0
      Other Current Liabilities 0 0 0
      Long-Term Debt 0 0 0
      Other Non-Current Liabilities 0 0 0
Equity 1,690,824.00 1,636,271.00 1,573,110.00
   Shareholders Equity 1,353,339.00 1,319,951.00 1,314,473.00
      Capital Stock 1,079.00 1,026.00 1,009.00
      Share Premium 1,365,852.00 1,331,269.00 1,305,945.00
      Retained Earnings -13,592.00 -12,344.00 7,519.00
      Treasury Shares 0 0 0
      Accumulated Other Comprehensive Income 0 0 0
   Minority Interest 5,952.00 11,772.00 11,718.00
Investments 13,500.00 16,500.00 16,539.00
Debt 3,075,304.00 2,552,156.00 2,829,014.00
Net Debt 2,981,484.00 2,465,566.00 2,741,285.00
Common Shares Outstanding 107,851.41 102,558.86 100,937.03
Breakdown 2024-12-31 2023-12-31 2022-12-31
   Selling, General and Administrative Expenses 6,418.00 5,839.00 5,771.00
Interest Expense 197,240.00 184,980.00 125,275.00
EBT 0 0 0
Income Tax 2,376.00 1,762.00 9,299.00
Net Income Including Non-Controlling Interests 112,383.00 134,596.00 74,936.00
Net Income Non-Controlling Interests 1,060.00 747.00 -204.00
Net Income 113,443.00 135,343.00 74,732.00
Deprecation and Amortization 7,406.00 6,328.00 5,631.00
EPS 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00
Average Shares Outstanding Basic 106,570.78 101,118.30 100,202.85
Average Shares Outstanding Diluted 125,463.39 123,488.88 115,426.20
Breakdown 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow 41,999.00 332,729.00 35,006.00
   Operating Net Income 342,449.00 407,523.00 223,788.00
   Deprecation and Amortization 7,406.00 6,328.00 5,631.00
   Deferred Income Tax 2,114.00 1,344.00 8,474.00
   Share Based Compensation 0 0 0
   Change in Working Capital -853.00 9,609.00 1,303.00
   Other Operating Activities -309,117.00 -92,075.00 -204,190.00
Investing Cash Flow 0 0 0
   Capital Expenditure 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0
   Net Purchase/Sale of Business 0 0 0
   Other Investing Activities 0 0 0
Financing Cash Flow -31,360.00 -333,884.00 -21,502.00
   Net Issuance/Repayment of Debt 1,868,687.00 1,411,808.00 1,554,332.00
   Net Issuance/Repurchase of Equity 67,690.00 21,241.00 40,006.00
   Dividends Paid 147,193.00 150,737.00 121,288.00
   Other Financing Activities -2,114,930.00 -1,917,670.00 -1,737,128.00
Net Change in Cash 10,639.00 -1,155.00 13,504.00
   Cash at Beginning of Period 69,681.00 71,245.00 57,686.00
   Cash at End of Period 80,320.00 70,090.00 71,190.00
Free Cash Flow 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Assets 4,445,425.00 4,351,687.00 4,424,905.00 4,484,396.00 4,605,770.00 4,648,823.00 4,450,657.00 4,302,775.00 4,478,040.00 4,495,027.00 4,558,322.00 4,498,018.00 4,500,807.00
      Cash and Short-Term Investments 77,184.00 70,890.00 98,996.00 93,820.00 75,443.00 133,107.00 123,967.00 86,590.00 99,765.00 62,430.00 62,938.00 87,729.00 68,320.00
            Cash and Cash Equivalents 77,184.00 70,890.00 98,996.00 93,820.00 75,443.00 133,107.00 123,967.00 86,590.00 99,765.00 62,430.00 62,938.00 87,729.00 68,320.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 0 4,386.00 0 0 0 0 960.00 0 0 2,731.00 0 0 0
      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 0 0 0 0 0 0 0 0 0 0 0 0 0
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0
      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 0 0 0 0 0 0 68.00 594.00 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 2,869,039.00 2,722,587.00 2,757,793.00 2,793,572.00 2,908,654.00 2,957,434.00 2,769,067.00 2,666,504.00 2,845,515.00 2,885,596.00 2,960,199.00 2,924,908.00 2,898,451.00
      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 0 0 0 0 0 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 1,576,386.00 1,629,100.00 1,667,112.00 1,690,824.00 1,697,116.00 1,691,389.00 1,681,590.00 1,636,271.00 1,632,525.00 1,609,431.00 1,598,123.00 1,573,110.00 1,602,356.00
   Shareholders Equity 1,256,626.00 1,305,859.00 1,342,212.00 1,353,339.00 1,361,296.00 1,374,118.00 1,356,932.00 1,319,951.00 1,325,018.00 1,326,101.00 1,326,690.00 1,314,473.00 1,331,955.00
      Capital Stock 1,079.00 1,079.00 1,079.00 1,079.00 1,079.00 1,079.00 1,063.00 1,026.00 1,014.00 1,009.00 1,009.00 1,009.00 1,009.00
      Share Premium 1,365,849.00 1,365,838.00 1,365,824.00 1,365,852.00 1,398,395.00 1,398,438.00 1,379,070.00 1,331,269.00 1,312,352.00 1,305,798.00 1,305,889.00 1,305,945.00 1,313,710.00
      Retained Earnings -73,049.00 -51,416.00 -24,691.00 -13,592.00 -38,178.00 -25,399.00 -23,201.00 -12,344.00 11,652.00 19,294.00 19,792.00 7,519.00 17,236.00
      Treasury Shares 37,253.00 9,642.00 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 6,040.00 5,977.00 5,966.00 5,952.00 6,283.00 12,399.00 12,251.00 11,772.00 11,676.00 11,861.00 11,804.00 11,718.00 13,143.00
Investments 19,334.00 19,218.00 16,617.00 13,500.00 21,820.00 13,500.00 16,500.00 16,500.00 16,500.00 16,500.00 16,539.00 16,539.00 19,401.00
Debt 3,015,164.00 3,016,428.00 3,026,925.00 3,075,304.00 3,246,667.00 2,883,083.00 2,693,431.00 2,552,156.00 2,540,893.00 2,676,904.00 2,812,703.00 2,829,014.00 2,697,571.00
Net Debt 2,937,980.00 2,945,538.00 2,927,929.00 2,981,484.00 3,171,224.00 2,749,976.00 2,569,464.00 2,465,566.00 2,441,128.00 2,614,474.00 2,749,765.00 2,741,285.00 2,629,251.00
Common Shares Outstanding 104,189.34 106,926.71 107,851.41 107,851.41 107,851.41 107,851.41 106,289.29 102,558.86 101,439.65 100,937.03 100,937.03 100,937.03 100,937.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30
   Selling, General and Administrative Expenses 4,738.00 3,336.00 1,905.00 -3,036.00 4,736.00 3,186.00 1,532.00 -2,944.00 4,361.00 2,969.00 1,453.00 4,069.00
Interest Expense 134,847.00 88,914.00 44,686.00 -91,073.00 147,825.00 94,582.00 45,906.00 -90,545.00 138,712.00 91,779.00 45,034.00 84,120.00
EBT 0 0 0 0 0 0 0 0 0 0 0 0
Income Tax 86.00 32.00 3.00 -1,421.00 2,157.00 1,002.00 638.00 -636.00 918.00 1,253.00 227.00 122.00
Net Income Including Non-Controlling Interests 43,018.00 30,982.00 23,309.00 -60,013.00 84,774.00 60,890.00 26,732.00 -96,263.00 107,609.00 78,916.00 44,334.00 60,001.00
Net Income Non-Controlling Interests 358.00 205.00 104.00 -1,599.00 994.00 989.00 676.00 -469.00 490.00 487.00 239.00 -150.00
Net Income 43,376.00 31,187.00 23,413.00 -61,612.00 85,768.00 61,879.00 27,408.00 -96,732.00 108,099.00 79,403.00 44,573.00 59,851.00
Deprecation and Amortization 7,482.00 5,841.00 1,578.00 -4,144.00 5,774.00 4,014.00 1,762.00 -2,166.00 4,082.00 2,768.00 1,644.00 4,437.00
EPS 0.00 0.00 0.00 0.00 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 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 107,199.32 107,800.51 107,851.41 -103,445,503.74 106,140.79 105,276.08 103,660,370.00 101,656.11 100,943.05 100,937.03 100,937.03 99,955.43
Average Shares Outstanding Diluted 126,201.04 126,792.85 126,852.91 -122,190,726.94 125,000.87 124,101.62 122,443,478.00 120,454.75 124,595.71 125,313.63 123,591.43 113,213.02
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30
Operating Cash Flow 217,393.00 144,253.00 103,916.00 218,508.00 -153,184.00 -91,604.00 68,279.00 9,248.00 207,046.00 119,939.00 -3,504.00 -8,849.00
   Operating Net Income 43,734.00 31,392.00 70,447.00 109,243.00 86,762.00 62,868.00 83,576.00 84,847.00 108,589.00 79,890.00 134,197.00 59,701.00
   Deprecation and Amortization 7,482.00 5,841.00 1,578.00 -4,144.00 5,774.00 4,014.00 1,762.00 -2,166.00 4,082.00 2,768.00 1,644.00 4,437.00
   Deferred Income Tax 68.00 43.00 22.00 -1,094.00 1,804.00 767.00 637.00 1,279.00 -291.00 225.00 131.00 127.00
   Share Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0
   Change in Working Capital 5,092.00 39,940.00 11,733.00 -166,463.00 1,145.00 66,556.00 97,909.00 -28,175.00 23,703.00 12,050.00 2,031.00 -659.00
   Other Operating Activities 161,017.00 67,037.00 20,136.00 280,966.00 -248,669.00 -225,809.00 -115,605.00 -46,537.00 70,963.00 25,006.00 -141,507.00 -72,455.00
Investing Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0
Financing Cash Flow -234,191.00 -167,395.00 -98,598.00 -286,463.00 144,965.00 140,941.00 -30,803.00 27,663.00 -194,972.00 -145,251.00 -21,324.00 45.00
   Net Issuance/Repayment of Debt 848,323.00 530,023.00 248,516.00 -1,539,063.00 1,634,901.00 1,148,521.00 624,328.00 -672,377.00 1,019,643.00 670,913.00 393,629.00 839,341.00
   Net Issuance/Repurchase of Equity 37,253.00 9,642.00 0 -115,611.00 67,691.00 67,691.00 47,919.00 14,616.00 6,625.00 0 0 40,006.00
   Dividends Paid 102,833.00 69,011.00 34,512.00 -77,608.00 111,602.00 74,934.00 38,265.00 -53,157.00 103,966.00 67,628.00 32,300.00 88,987.00
   Other Financing Activities -1,222,600.00 -776,071.00 -381,626.00 1,445,819.00 -1,669,229.00 -1,150,205.00 -741,315.00 738,581.00 -1,325,206.00 -883,792.00 -447,253.00 -968,289.00
Net Change in Cash -16,798.00 -23,142.00 5,318.00 -67,955.00 -8,219.00 49,337.00 37,476.00 36,911.00 12,074.00 -25,312.00 -24,828.00 -8,804.00
   Cash at Beginning of Period 80,482.00 80,532.00 80,178.00 148,275.00 70,162.00 70,270.00 69,991.00 33,179.00 71,191.00 71,242.00 71,227.00 57,723.00
   Cash at End of Period 63,684.00 57,390.00 85,496.00 80,320.00 61,943.00 119,607.00 107,467.00 70,090.00 83,265.00 45,930.00 46,399.00 48,919.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0