Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 25.18 38.30 -52.18 -262.01
Price to Sales 6.00 7.01 6.41 37.76
Book Value Per Common Share 1.59 1.34 1.04 0.96
Price to Book 6.53 6.20 3.91 9.74
Price to Operating Cash Flow 20.70 31.18 25.19 -14.79
Price to Free Cash Flow 22.32 36.25 29.69 -14.64
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 99.01 103.94 88.50 118.39
Price to Sales 28.39 26.38 21.92 23.66 31.24
Book Value Per Common Share 2.18 1.98 1.78 1.59 1.59
Price to Book 7.33 6.92 5.74 6.53 8.58
Price to Operating Cash Flow -79.81 25.92 45.45 36.44 -61.27
Price to Free Cash Flow -70.68 26.65 49.18 39.17 -59.30
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 89.20
Revenue YoY 46.83 89.56 159.45
EBITDA YoY
Net Profit YoY 91.37
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 22.50 14.09 13.26
Revenue YoY 8.74 11.53 6.64 0.65
EBITDA YoY
Net Profit YoY 22.87 14.29 0.83 -0.13

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share
Quick Ratio
Current Ratio
Debt to Equity 5.53 5.77 5.12 3.47
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share
Quick Ratio
Current Ratio
Debt to Equity 5.48 5.55 5.29 5.53 5.36
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 3.95 2.38 -1.22 -0.83
ROE 25.79 16.09 -7.45 -3.71
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 23.85 18.30 -12.27 -14.41
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 1.14 1.02 1.03 1.11 1.14
ROE 7.41 6.65 6.47 7.23 7.24
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 28.67 25.37 24.76 26.19 26.40

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 49,931,214.00 43,345,195.00 29,934,872.00 19,858,681.00
      Cash and Short-Term Investments 0 0 0 0
            Cash and Cash Equivalents 13,637,271.00 13,370,862.00 6,890,816.00 2,528,529.00
            Short-Term Investments 9,512,196.00 8,652,545.00 9,947,138.00 8,163,428.00
      Net Receivables 13,891,509.00 14,531,873.00 9,000,760.00 4,902,734.00
      Inventory 0 0 0 0
      Other Current Assets 0 0 0 0
      Property, Plant, Equipment Net 46,223.00 69,753.00 46,464.00 20,535.00
      Goodwill 414,287.00 397,538.00 397,397.00 401,872.00
      Intangible Assets 347,616.00 295,881.00 182,164.00 72,337.00
      Long-Term Investments 11,240,368.00 9,257,058.00 10,517,274.00 8,997,883.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 0 0 0 0
Liabilities 42,284,138.00 36,938,810.00 25,044,089.00 15,416,140.00
      Payables and Expenses 10,860,443.00 11,381,175.00 7,779,154.00 5,221,265.00
            Account Payables 9,333,541.00 9,755,285.00 7,054,783.00 4,882,159.00
            Current Accrued Liabilities 180,181.00 166,876.00 90,587.00 97,909.00
      Short-Term Debt 222,881.00 113,595.00 38,329.00 0
      Other Current Liabilities 0 0 0 0
      Long-Term Debt 355,070.00 843,623.00 567,592.00 164,875.00
      Other Non-Current Liabilities 0 0 0 0
Equity 7,647,076.00 6,406,385.00 4,890,783.00 4,442,541.00
   Shareholders Equity 7,646,289.00 6,406,385.00 4,890,783.00 4,441,032.00
      Capital Stock 84.00 84.00 83.00 83.00
      Share Premium 5,053,776.00 4,972,922.00 4,963,774.00 4,678,585.00
      Retained Earnings 3,420,596.00 1,276,949.00 64,577.00 -128,409.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -828,167.00 156,430.00 -137,651.00 -109,227.00
   Minority Interest 787.00 0 0 1,509.00
Debt 577,951.00 957,218.00 605,921.00 164,875.00
Common Shares Outstanding 4,818,658.64 4,765,937.15 4,694,787.85 4,609,988.55
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 8,269,605.00 5,632,184.00 2,971,196.00 1,145,204.00
Interest Income 9,631,043.00 6,439,712.00 3,555,213.00 1,046,746.00
Interest Expense 2,834,859.00 2,036,925.00 1,547,903.00 367,344.00
Non-Interest Expense 2,219,700.00 1,724,288.00 1,809,740.00 813,289.00
   Selling, General and Administrative Expenses 1,439,281.00 1,137,612.00 1,428,331.00 659,859.00
Net Non-Operating Income -8,596.00 -20,705.00 -29,865.00 -4,097.00
EBT 2,795,198.00 1,539,078.00 -308,901.00 -170,164.00
Income Tax 823,086.00 508,548.00 55,733.00 -4,830.00
Net Income Including Non-Controlling Interests 1,972,112.00 1,030,530.00 -364,634.00 -165,334.00
Net Income Non-Controlling Interests 0 0 56.00 341.00
Net Income 1,972,112.00 1,030,530.00 -364,578.00 -164,993.00
Deprecation and Amortization 77,128.00 62,895.00 35,581.00 17,339.00
EPS 0.00 0.00 -0.00 -0.00
Diluted EPS 0.00 0.00 -0.00 -0.00
Average Shares Outstanding Basic 4,792,081.00 4,738,841.00 4,676,977.00 4,609,988.55
Average Shares Outstanding Diluted 4,888,918.00 4,857,579.00 4,676,977.00 4,609,988.55
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 2,399,044.00 1,266,189.00 755,573.00 -2,924,318.00
   Operating Net Income 1,972,112.00 1,030,530.00 -364,634.00 -165,334.00
   Deprecation and Amortization 77,128.00 62,895.00 35,581.00 17,339.00
   Deferred Income Tax -713,435.00 -675,682.00 -417,612.00 -224,654.00
   Share Based Compensation 272,382.00 212,551.00 253,203.00 157,324.00
   Change in Working Capital -7,391,281.00 -4,705,364.00 -1,850,718.00 -3,719,979.00
   Other Operating Activities 8,182,138.00 5,341,259.00 3,099,753.00 1,010,986.00
Investing Cash Flow -330,627.00 -177,003.00 -127,152.00 -154,195.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -5,418.00 -20,243.00 -20,001.00 -6,025.00
   Net Purchase/Sale of Investments Net -150,000.00 0 -2,500.00 -11,211.00
   Net Purchase/Sale of Business -5,637.00 0 -10,346.00 -114,486.00
   Other Investing Activities -169,572.00 -156,760.00 -94,305.00 -22,473.00
Financing Cash Flow 727,741.00 425,215.00 654,039.00 3,335,982.00
   Net Issuance/Repayment of Debt 722,195.00 416,067.00 405,521.00 -14,964.00
   Net Issuance/Repurchase of Equity 0 0 247,998.00 3,386,239.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 9,148.00 520.00 -35,293.00
Net Change in Cash 2,796,158.00 1,514,401.00 1,282,460.00 257,469.00
   Cash at Beginning of Period 5,923,440.00 4,172,316.00 2,705,675.00 2,343,780.00
   Cash at End of Period 9,185,742.00 5,923,440.00 4,172,316.00 2,705,675.00
Free Cash Flow 2,224,054.00 1,089,186.00 641,267.00 -2,952,816.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 68,362,816.00 62,730,144.00 54,192,525.00 49,931,214.00 48,637,850.00
      Cash and Short-Term Investments 0 0 0 0 0
            Cash and Cash Equivalents 17,319,220.00 17,153,956.00 14,929,561.00 13,637,271.00 12,315,314.00
            Short-Term Investments 11,224,837.00 10,314,917.00 9,412,732.00 9,512,196.00 11,019,200.00
      Net Receivables 18,517,148.00 16,760,215.00 15,079,879.00 13,891,509.00 13,830,525.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 45,751.00 46,667.00 46,081.00 46,223.00 53,479.00
      Goodwill 410,371.00 410,347.00 408,817.00 414,287.00 440,789.00
      Intangible Assets 574,972.00 514,293.00 439,835.00 347,616.00 357,640.00
      Long-Term Investments 14,480,265.00 11,831,671.00 10,483,877.00 11,240,368.00 11,978,972.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 57,809,276.00 53,154,028.00 45,583,608.00 42,284,138.00 40,993,502.00
      Payables and Expenses 13,677,046.00 12,464,756.00 11,034,033.00 10,860,443.00 9,996,474.00
            Account Payables 11,999,389.00 11,160,245.00 10,114,743.00 9,333,541.00 8,556,150.00
            Current Accrued Liabilities 242,655.00 235,251.00 180,441.00 180,181.00 222,529.00
      Short-Term Debt 1,040,911.00 545,944.00 351,526.00 222,881.00 217,077.00
      Other Current Liabilities 0 0 0 0 0
      Long-Term Debt 27,068.00 27,514.00 26,697.00 355,070.00 312,323.00
      Other Non-Current Liabilities 0 0 0 0 0
Equity 10,553,540.00 9,576,116.00 8,608,917.00 7,647,076.00 7,644,348.00
   Shareholders Equity 10,551,991.00 9,574,835.00 8,607,909.00 7,646,289.00 7,644,348.00
      Capital Stock 84.00 84.00 84.00 84.00 84.00
      Share Premium 5,057,584.00 5,055,523.00 5,054,953.00 5,053,776.00 5,045,986.00
      Retained Earnings 5,491,155.00 4,692,246.00 4,033,513.00 3,420,596.00 2,847,553.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 3,168.00 -173,018.00 -480,641.00 -828,167.00 -249,275.00
   Minority Interest 1,549.00 1,281.00 1,008.00 787.00 0
Debt 1,067,979.00 573,458.00 378,223.00 577,951.00 529,400.00
Common Shares Outstanding 4,832,354.48 4,832,354.48 4,824,406.51 4,818,658.64 4,806,594.53
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 2,729,192.00 2,509,867.00 2,250,376.00 2,110,169.00 2,096,449.00 0
Interest Income 3,577,478.00 3,128,743.00 2,732,136.00 2,493,681.00 2,473,807.00 0
Interest Expense 1,275,711.00 1,029,989.00 896,204.00 747,994.00 760,959.00 0
Non-Interest Expense 506,052.00 603,541.00 516,177.00 790,100.00 474,125.00 0
   Selling, General and Administrative Expenses 385,566.00 378,224.00 311,366.00 333,266.00 375,939.00 0
Net Non-Operating Income -102,628.00 9,325.00 56,870.00 272,797.00 -105,121.00 0
EBT 1,116,289.00 879,362.00 795,073.00 767,450.00 723,790.00 0
Income Tax 333,611.00 242,375.00 237,865.00 214,810.00 170,404.00 0
Net Income Including Non-Controlling Interests 782,678.00 636,987.00 557,208.00 552,640.00 553,386.00 0
Net Income Non-Controlling Interests -205.00 -149.00 -5.00 0 0 0
Net Income 782,473.00 636,838.00 557,203.00 552,640.00 553,386.00 0
Deprecation and Amortization 25,570.00 23,070.00 21,322.00 21,061.00 19,269.00 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 4,838,814.00 4,825,586.00 4,816,294.00 0 4,797,673.00 4,788,239.00
Average Shares Outstanding Diluted 4,905,133.00 4,899,768.00 4,892,628.00 0 4,889,409.00 4,880,953.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -970,599.00 2,554,687.00 1,085,345.00 1,370,097.00 -1,068,862.00
   Operating Net Income 782,678.00 636,987.00 557,208.00 552,640.00 553,386.00
   Deprecation and Amortization 25,570.00 23,070.00 21,322.00 21,061.00 19,269.00
   Deferred Income Tax -55,096.00 -197,080.00 156,751.00 -147,192.00 -165,064.00
   Share Based Compensation 73,735.00 57,051.00 77,785.00 47,616.00 65,918.00
   Change in Working Capital -4,926,337.00 -2,006,172.00 -431,758.00 -4,322,868.00 -1,103,925.00
   Other Operating Activities 3,128,851.00 4,040,831.00 704,037.00 5,218,840.00 -438,446.00
Investing Cash Flow -125,269.00 -71,508.00 -81,385.00 -247,920.00 -42,497.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -2,555.00 -1,994.00 -2,400.00 -7,725.00 -1,094.00
   Net Purchase/Sale of Investments Net 0 0 1,130.00 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0 0 0 0 0
Financing Cash Flow 741,154.00 434,483.00 -169,200.00 321,449.00 -311,638.00
   Net Issuance/Repayment of Debt 739,897.00 433,913.00 -169,598.00 319,751.00 -313,039.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 1,257.00 570.00 398.00 1,698.00 1,401.00
Net Change in Cash -354,714.00 2,917,662.00 834,760.00 1,443,626.00 -1,422,997.00
   Cash at Beginning of Period 13,269,017.00 10,284,007.00 9,185,742.00 7,645,754.00 8,530,383.00
   Cash at End of Period 12,895,785.00 13,269,017.00 10,284,007.00 9,185,742.00 7,645,754.00
Free Cash Flow -1,095,868.00 2,484,309.00 1,002,830.00 1,274,484.00 -1,104,628.00