Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -10.23 -36.33 -22.00 4.78
Price to Sales 309.30 19.95 1.89
Book Value Per Common Share 1.93 2.15 2.31 2.53
Price to Book 0.69 1.01 0.95 1.12
Price to Operating Cash Flow -28.73 156.83 -9.64 3.49
Price to Free Cash Flow -28.73 -8.80 3.51
Enterprise Value to EBITDA 1210919.22 2224372.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31
Price to Earnings -75.00 -61.00 -65.00 -140.00
Price to Sales 200.00
Book Value Per Common Share 1.77 1.85 1.87 1.93 1.97 2.15 2.31
Price to Book 0.85 0.66 0.70 0.69 0.71 1.01 0.95
Price to Operating Cash Flow -326.09 -42.21 188.41 -78.24 -1272.73
Price to Free Cash Flow -326.09 -42.21 -117.12 -78.24 -1272.73
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -96.16
EBITDA YoY 79.66 -98.81
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.75 1.91 2.03 2.47
Quick Ratio
Current Ratio 53.31 55.50 30.51 14.55
Debt to Equity 0.02 0.03 0.05 0.08
Long-Term Debt to Equity 0.01 0.02 0.02 0.01
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31
Cash Per Common Share 1.63 1.68 1.71 1.77 1.80 1.93 2.03
Quick Ratio
Current Ratio 91.56 102.56 41.72 53.31 69.54 55.50 30.51
Debt to Equity 0.01 0.01 0.03 0.02 0.02 0.03 0.05
Long-Term Debt to Equity 0.00 0.00 0.01 0.01 0.01 0.02 0.02

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -6.68 0.08 -4.01 22.03
ROE -6.85 0.08 -4.22 23.74
Gross Margin 72.00 66.29
Operating Margin -3621.00 6.07 54.36
EBITDA Margin -3437.00 16.30 55.18
Net Profit Margin -3034.00 1.61 39.64
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31
ROA -1.36 -1.08 -0.83 -2.51 -0.68
ROE -1.38 -1.10 -0.85 -2.57 -0.69
Gross Margin 72.00
Operating Margin -430.00
EBITDA Margin -396.67
Net Profit Margin -242.00

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00
Dividend Payout Ratio -77.98 16.88
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31
Dividend Yield 0.00 0.00 0.00 0.00
Dividend Payout Ratio -203.75 -2.38 -315.15 -365.19

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 45,414.00 52,277.00 57,969.00 64,821.00
   Current Assets 40,832.00 45,673.00 48,964.00 59,773.00
      Cash and Short-Term Investments 40,600.00 45,467.00 48,439.00 59,623.00
            Cash and Cash Equivalents 13,145.00 16,896.00 13,448.00 44,497.00
            Short-Term Investments 27,455.00 28,571.00 34,991.00 15,126.00
      Net Receivables 0 0 0 0
      Inventory 0 0 0 0
      Other Current Assets 0 206.00 525.00 0
   Non-Current Assets 4,582.00 6,604.00 9,005.00 5,048.00
      Property, Plant, Equipment Net 27.00 16.00 161.00 0
      Goodwill 0 0 0 0
      Intangible Assets 1,205.00 8,473.00 8,473.00 1,384.00
      Long-Term Investments 3,337.00 5,249.00 7,252.00 3,651.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 -7,134.00 -6,881.00 13.00
Liabilities 1,103.00 1,585.00 2,860.00 4,662.00
   Current Liabilities 766.00 823.00 1,605.00 4,108.00
      Payables and Expenses 742.00 800.00 1,411.00 4,108.00
            Account Payables 203.00 125.00 507.00 459.00
            Current Accrued Liabilities 539.00 675.00 904.00 697.00
      Short-Term Debt 24.00 23.00 79.00 0
      Other Current Liabilities 0.00 0.00 115.00 0
   Non-Current Liabilities 337.00 762.00 1,255.00 554.00
      Long-Term Debt 0 0 94.00 0
      Other Non-Current Liabilities 0 0 1,161.00 554.00
Equity 44,311.00 50,692.00 55,109.00 60,159.00
   Shareholders Equity 44,311.00 50,692.00 55,109.00 60,159.00
      Capital Stock 229.00 235.00 239.00 238.00
      Share Premium 65,455.00 67,446.00 66,939.00 66,361.00
      Retained Earnings -21,373.00 -16,989.00 -12,055.00 -6,428.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 -14.00 -12.00
   Minority Interest 0 0 0 0
Investments 0 33,820.00 42,243.00 0
Debt 24.00 23.00 173.00 0
Common Shares Outstanding 22,961.62 23,553.91 23,863.64 23,792.21
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 100.00 2,601.00 0 36,029.00
Cost Of Revenue 28.00 0 0 12,147.00
Interest Income 1,897.00 0 0 327.00
Interest Expense 0 0.00 0.00 0
Net Interest 0 1,868.00 1,020.00 0
Non-Interest Expense 3,573.00 0 0 4,001.00
Gross Profit 72.00 0 0 23,882.00
Operating Expenses 3,693.00 4,836.00 3,903.00 4,296.00
   Selling, General and Administrative Expenses 3,573.00 3,696.00 3,587.00 4,001.00
   Other Operating Expenses 0 1,140.00 316.00 0
Operating Income -3,621.00 -2,235.00 -3,903.00 19,586.00
Net Non-Operating Income 0 2,393.00 3,823.00 0
EBT -1,547.00 158.00 -80.00 19,740.00
Income Tax -425.00 388.00 607.00 4,460.00
Net Income Including Non-Controlling Interests -3,034.00 0 0 14,281.00
Net Income -3,034.00 42.00 -2,326.00 14,281.00
EBIT -3,621.00 158.00 -80.00 19,586.00
Deprecation and Amortization 184.00 266.00 316.00 295.00
EBITDA -3,437.00 424.00 236.00 19,881.00
EPS -0.00 -0.00 -0.00 0.00
Diluted EPS -0.00 -0.00 -0.00 0.00
Average Shares Outstanding Basic 23,250.22 23,791.29 23,825.92 24,136.82
Average Shares Outstanding Diluted 23,250.22 23,791.29 23,825.92 24,530.57
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -1,076.00 331.00 -5,436.00 19,499.00
   Operating Net Income -3,034.00 0 0 14,281.00
   Deprecation and Amortization 184.00 266.00 316.00 295.00
   Deferred Income Tax -425.00 0 0 1,508.00
   Share Based Compensation 399.00 508.00 585.00 238.00
   Change in Working Capital -179.00 -539.00 -2,953.00 2,030.00
   Other Operating Activities 1,979.00 96.00 -3,384.00 1,147.00
Investing Cash Flow 1,049.00 6,537.00 -22,271.00 2,994.00
   Capital Expenditure 0 0.00 -524.00 0
   Net Purchase/Sale of PPE 0 0 -524.00 0
   Net Purchase/Sale of Investments Net 1,049.00 -46,984.00 -33,903.00 3,095.00
   Net Purchase/Sale of Business 0 0 -1,000.00 0
   Other Investing Activities 0 53,521.00 13,680.00 -101.00
Financing Cash Flow -3,724.00 -3,420.00 -3,342.00 -3,501.00
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity -1,295.00 966.00 534.00 -1,077.00
   Dividends Paid -2,366.00 2,371.00 2,453.00 -2,410.00
   Other Financing Activities -63.00 -6,757.00 -6,329.00 -14.00
Net Change in Cash -3,751.00 3,448.00 -31,049.00 18,992.00
   Cash at Beginning of Period 16,896.00 13,448.00 44,497.00 25,505.00
   Cash at End of Period 13,145.00 16,896.00 13,448.00 44,497.00
Free Cash Flow -1,076.00 0 -5,960.00 19,398.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31
Assets 41,034.00 42,826.00 43,871.00 45,414.00 46,585.00 52,277.00 57,969.00
   Current Assets 37,263.00 38,665.00 39,387.00 40,832.00 41,657.00 45,673.00 48,964.00
      Cash and Short-Term Investments 37,097.00 38,485.00 39,193.00 40,600.00 41,516.00 45,467.00 48,439.00
            Cash and Cash Equivalents 7,708.00 13,424.00 12,288.00 13,145.00 14,315.00 16,896.00 13,448.00
            Short-Term Investments 29,389.00 25,061.00 26,905.00 27,455.00 27,201.00 28,571.00 34,991.00
      Net Receivables 0 0 0 0 0 0 0
      Inventory 0 0 0 0 0 0 0
      Other Current Assets 166.00 180.00 194.00 232.00 141.00 206.00 525.00
   Non-Current Assets 3,771.00 4,161.00 4,484.00 4,582.00 4,928.00 6,604.00 9,005.00
      Property, Plant, Equipment Net 0 0 7.00 27.00 43.00 16.00 161.00
      Goodwill 0 0 0 0 0 0 0
      Intangible Assets 1,516.00 1,552.00 1,589.00 1,205.00 1,236.00 8,473.00 8,473.00
      Long-Term Investments 2,242.00 2,596.00 2,875.00 3,337.00 3,636.00 5,249.00 7,252.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0
      Other Non-Current Assets 13.00 13.00 13.00 13.00 13.00 -7,134.00 -6,881.00
Liabilities 512.00 565.00 1,170.00 1,103.00 1,006.00 1,585.00 2,860.00
   Current Liabilities 407.00 377.00 944.00 766.00 599.00 823.00 1,605.00
      Payables and Expenses 407.00 377.00 937.00 742.00 559.00 800.00 1,411.00
            Account Payables 220.00 204.00 706.00 203.00 371.00 125.00 507.00
            Current Accrued Liabilities 187.00 173.00 231.00 539.00 188.00 675.00 904.00
      Short-Term Debt 0 0 7.00 24.00 40.00 23.00 79.00
      Other Current Liabilities 0 0 0.00 0.00 0.00 0.00 115.00
   Non-Current Liabilities 105.00 188.00 226.00 337.00 407.00 762.00 1,255.00
      Long-Term Debt 0 0 0 0 0 0 94.00
      Other Non-Current Liabilities 0 0 0 0 0 0 1,161.00
Equity 40,522.00 42,261.00 42,701.00 44,311.00 45,579.00 50,692.00 55,109.00
   Shareholders Equity 40,522.00 42,261.00 42,701.00 44,311.00 45,579.00 50,692.00 55,109.00
      Capital Stock 228.00 228.00 228.00 229.00 231.00 235.00 239.00
      Share Premium 63,346.00 64,445.00 64,365.00 65,455.00 67,757.00 67,446.00 66,939.00
      Retained Earnings -23,052.00 -22,412.00 -21,892.00 -21,373.00 -22,409.00 -16,989.00 -12,055.00
      Treasury Shares 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 -14.00
   Minority Interest 0 0 0 0 0 0 0
Investments 0 0 0 0 0 33,820.00 42,243.00
Debt 0 0 7.00 24.00 40.00 23.00 173.00
Common Shares Outstanding 22,844.80 22,844.80 22,882.11 22,961.62 23,110.49 23,553.91 23,863.64
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 0 0 150.00 0 0 0
Cost Of Revenue 0 0 42.00 0 0 0
Interest Income 467.00 445.00 484.00 490.00 524.00 0
Non-Interest Expense 763.00 683.00 723.00 1,153.00 866.00 0
Gross Profit 0 0 108.00 0 0 0
Operating Expenses 800.00 720.00 753.00 1,183.00 896.00 0
   Selling, General and Administrative Expenses 763.00 683.00 723.00 1,153.00 866.00 0
Operating Income -800.00 -720.00 -645.00 -1,183.00 -896.00 0
EBT -289.00 -253.00 -12.00 -911.00 -79.00 0
Income Tax -83.00 -69.00 -111.00 -70.00 -71.00 0
Net Income Including Non-Controlling Interests -560.00 -463.00 -363.00 -1,140.00 -316.00 0
Net Income -560.00 -463.00 -363.00 -1,140.00 -316.00 0
EBIT -800.00 -720.00 -645.00 -1,183.00 -896.00 0
Deprecation and Amortization 37.00 44.00 50.00 46.00 46.00 0
EBITDA -763.00 -676.00 -595.00 -1,137.00 -850.00 0
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 22,807.92 22,873.91 22,914.80 0 23,126.48 23,296.56
Average Shares Outstanding Diluted 22,807.92 22,873.91 22,914.80 0 23,126.48 23,296.56
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -104.00 -661.00 159.00 -391.00 -25.00
   Operating Net Income -560.00 -463.00 -363.00 -1,140.00 -316.00
   Deprecation and Amortization 37.00 44.00 50.00 46.00 46.00
   Deferred Income Tax -83.00 -38.00 -111.00 -70.00 -71.00
   Share Based Compensation 66.00 80.00 81.00 86.00 103.00
   Change in Working Capital 20.00 -542.00 189.00 77.00 201.00
   Other Operating Activities 416.00 258.00 313.00 610.00 12.00
Investing Cash Flow -4,391.00 1,865.00 285.00 -565.00 -4,245.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE 0 0 0 0 0
   Net Purchase/Sale of Investments Net -4,390.00 1,865.00 699.00 -565.00 -4,245.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -1.00 0.00 -414.00 0.00 0.00
Financing Cash Flow -1,221.00 -68.00 -1,301.00 -214.00 -1,354.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity -80.00 -57.00 -150.00 -212.00 -200.00
   Dividends Paid -1,141.00 -11.00 -1,144.00 0 -1,154.00
   Other Financing Activities 0.00 0.00 -7.00 -2.00 0.00
Net Change in Cash -5,716.00 1,136.00 -857.00 -1,170.00 -5,624.00
   Cash at Beginning of Period 13,424.00 12,288.00 13,145.00 14,315.00 19,939.00
   Cash at End of Period 7,708.00 13,424.00 12,288.00 13,145.00 14,315.00
Free Cash Flow -105.00 -661.00 -255.00 -391.00 -25.00