Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -185.73 -39.77 -17.24
Price to Sales 3.32 2.68 3.73
Book Value Per Common Share 4.51 2.93 3.18 4.02
Price to Book 6.46 6.51 6.20
Price to Operating Cash Flow 24.31 71.77 -23.47
Price to Free Cash Flow 58.17 -81.37 -15.12
Enterprise Value to EBITDA 450465.56 2962401.07
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 501.16 159.08 173.59 1326.86
Price to Sales 17.56 19.41 15.32 12.00 11.06
Book Value Per Common Share 5.69 5.50 4.94 4.51 4.46
Price to Book 8.37 9.13 6.85 6.46 5.65
Price to Operating Cash Flow 174.97 143.34 964.39 62.76 55.43
Price to Free Cash Flow 475.15 332.91 -216.71 115.07 90.75
Enterprise Value to EBITDA 1065263.45 850787.44 802043.95 808259.43 1086896.74

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 33.34 35.72 45.65
EBITDA YoY 1005.79
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -69.94 62.05
Revenue YoY 9.09 17.85 -8.82 7.17
EBITDA YoY -24.36 40.00 16.98 55.54
Net Profit YoY -69.64 62.83 334.75 137.86

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 2.59 1.20 1.03 2.89
Quick Ratio 0.88 0.61 0.79 1.73
Current Ratio 1.31 1.00 1.37 2.22
Debt to Equity 1.62 2.32 1.20 0.64
Long-Term Debt to Equity 0.29 0.23 0.15 0.11
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 4.49 4.68 4.82 2.53 2.44
Quick Ratio 1.17 1.21 1.31 0.88 0.86
Current Ratio 1.71 1.68 1.76 1.31 1.25
Debt to Equity 2.06 2.14 2.14 1.62 1.74
Long-Term Debt to Equity 0.83 0.85 0.88 0.29 0.26

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -1.30 -4.91 -16.27 -11.46
ROE -3.41 -16.28 -35.85 -18.81
Gross Margin 45.07 37.49 34.60 40.43
Operating Margin 0.74 -4.40 -20.59 -19.09
EBITDA Margin 7.55 0.91 -15.39 -13.05
Net Profit Margin -1.79 -6.75 -21.62 -20.79
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.55 1.84 1.26 0.38 0.15
ROE 1.70 5.78 3.96 1.00 0.42
Gross Margin 49.26 48.30 49.19 46.07 45.75
Operating Margin 9.14 16.34 11.99 3.12 3.08
EBITDA Margin 15.69 22.63 19.05 14.85 10.23
Net Profit Margin 3.39 12.19 8.82 1.85 0.83

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 2020-12-31
Assets 432,893.00 323,859.00 230,488.00 216,006.00 0
   Current Assets 287,657.00 203,409.00 150,460.00 156,048.00 0
      Cash and Short-Term Investments 92,457.00 39,655.00 33,963.00 87,380.00 0
            Cash and Cash Equivalents 83,130.00 38,386.00 33,880.00 87,332.00 0
            Short-Term Investments 9,327.00 1,269.00 83.00 48.00 0
      Net Receivables 100,765.00 84,561.00 52,794.00 33,733.00 0
      Inventory 19,768.00 20,563.00 23,807.00 7,691.00 0
      Other Current Assets 74,667.00 58,630.00 39,896.00 27,244.00 0
   Non-Current Assets 145,236.00 120,450.00 80,028.00 59,958.00 0
      Property, Plant, Equipment Net 17,404.00 10,828.00 14,049.00 11,500.00 0
      Goodwill 19,263.00 12,866.00 10,196.00 8,271.00 0
      Intangible Assets 98,407.00 83,545.00 44,920.00 29,530.00 0
      Long-Term Investments 5,909.00 7,328.00 7,915.00 9,405.00 0
      Non-Current Deferred Assets 0 0 0 0 241.00
      Other Non-Current Assets 0 0 0 1,252.00 0
Liabilities 267,648.00 226,269.00 125,853.00 84,330.00 0
   Current Liabilities 219,478.00 203,782.00 110,207.00 70,188.00 0
      Payables and Expenses 185,904.00 147,637.00 95,139.00 62,680.00 0
            Account Payables 21,059.00 17,464.00 14,574.00 9,136.00 0
            Current Accrued Liabilities 0 0 0 0 1,241.00
      Short-Term Debt 32,221.00 50,723.00 15,068.00 7,508.00 0
      Other Current Liabilities 1,353.00 5,422.00 0.00 0.00 0
   Non-Current Liabilities 48,170.00 22,487.00 15,646.00 14,142.00 0
      Long-Term Debt 22,683.00 4,476.00 14,450.00 12,452.00 0
      Other Non-Current Liabilities 25,487.00 18,011.00 1,196.00 1,690.00 0
Equity 165,245.00 97,590.00 104,635.00 131,676.00 0
   Shareholders Equity 165,245.00 97,590.00 104,635.00 131,676.00 0
      Capital Stock 9.00 8.00 8.00 8.00 0
      Share Premium 220,715.00 153,524.00 151,406.00 150,366.00 0
      Retained Earnings -63,311.00 -65,585.00 -56,550.00 -28,697.00 0
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 7,832.00 9,643.00 9,771.00 9,999.00 0
   Minority Interest 0 0 0 0 0
Debt 54,904.00 55,199.00 29,518.00 19,960.00 0
Net Debt 0 10,519.00 0 0 20,486.00
Common Shares Outstanding 36,607.41 33,326.74 32,956.00 32,752.24 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 314,013.00 235,491.00 173,514.00 119,134.00
Cost Of Revenue 172,479.00 147,198.00 113,476.00 70,970.00
Interest Income 3,110.00 1,702.00 0 2.00
Interest Expense 6,711.00 4,310.00 1,323.00 1,395.00
Non-Interest Expense 78,033.00 57,931.00 53,279.00 37,951.00
Gross Profit 141,534.00 88,293.00 60,038.00 48,164.00
Operating Expenses 137,159.00 99,122.00 92,282.00 70,108.00
   Selling, General and Administrative Expenses 78,033.00 57,931.00 53,279.00 37,951.00
   Research and Development Expenses 25,374.00 21,928.00 22,132.00 19,040.00
   Other Operating Expenses 14,028.00 8,389.00 8,607.00 6,089.00
Operating Income 4,375.00 -10,829.00 -32,244.00 -21,944.00
EBT -4,384.00 -14,672.00 -37,058.00 -24,137.00
Income Tax 1,247.00 1,215.00 451.00 632.00
Net Income Including Non-Controlling Interests -5,631.00 -15,887.00 -37,509.00 -24,769.00
Net Income Non-Controlling Interests 0 0 0 6.00
Net Income -5,631.00 -15,887.00 -37,509.00 -24,763.00
EBIT 2,327.00 -10,362.00 -35,735.00 -22,742.00
Deprecation and Amortization 21,370.00 12,505.00 9,028.00 7,198.00
EBITDA 23,697.00 2,143.00 -26,707.00 -15,544.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 35,762.00 33,149.00 32,817.00 30,191.00
Average Shares Outstanding Diluted 35,762.00 33,149.00 32,817.00 30,191.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 42,902.00 8,798.00 -27,547.00 -12,806.00
   Operating Net Income -5,631.00 -15,887.00 -37,509.00 -24,769.00
   Deprecation and Amortization 21,370.00 12,505.00 9,028.00 7,198.00
   Deferred Income Tax -1,358.00 -294.00 -181.00 25.00
   Share Based Compensation 7,187.00 6,027.00 8,747.00 8,850.00
   Change in Working Capital 10,522.00 3,965.00 -14,004.00 -5,223.00
   Other Operating Activities 10,812.00 2,482.00 6,372.00 1,113.00
Investing Cash Flow -45,906.00 -36,831.00 -26,544.00 -22,639.00
   Capital Expenditure -21,893.00 -15,948.00 -13,706.00 -6,059.00
   Net Purchase/Sale of PPE -3,081.00 -611.00 -1,518.00 -2,637.00
   Net Purchase/Sale of Investments Net -8,235.00 -2,349.00 -7,336.00 -446.00
   Net Purchase/Sale of Business -15,489.00 -18,329.00 -4,060.00 -13,366.00
   Other Investing Activities 2,792.00 406.00 76.00 -131.00
Financing Cash Flow 50,844.00 31,551.00 6,206.00 114,140.00
   Net Issuance/Repayment of Debt -11,249.00 32,025.00 5,744.00 -16,945.00
   Net Issuance/Repurchase of Equity 62,686.00 0 0 132,560.00
   Dividends Paid 0 0 0 0
   Other Financing Activities -593.00 -474.00 462.00 -1,475.00
Net Change in Cash 47,840.00 3,518.00 -47,885.00 78,695.00
   Cash at Beginning of Period 38,386.00 33,880.00 87,332.00 8,195.00
   Cash at End of Period 83,130.00 38,386.00 33,880.00 87,332.00
Free Cash Flow 17,928.00 -7,761.00 -42,771.00 -21,854.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 637,705.00 633,308.00 566,861.00 432,893.00 447,303.00
   Current Assets 439,026.00 439,198.00 397,371.00 287,657.00 302,020.00
      Cash and Short-Term Investments 172,809.00 172,905.00 176,807.00 92,457.00 88,984.00
            Cash and Cash Equivalents 167,294.00 172,267.00 176,763.00 83,130.00 64,651.00
            Short-Term Investments 5,515.00 638.00 44.00 9,327.00 24,333.00
      Net Receivables 127,980.00 142,233.00 119,815.00 100,765.00 117,474.00
      Inventory 24,014.00 23,177.00 20,835.00 19,768.00 23,015.00
      Other Current Assets 114,223.00 100,883.00 79,914.00 74,667.00 72,547.00
   Non-Current Assets 198,679.00 194,110.00 169,490.00 145,236.00 145,283.00
      Property, Plant, Equipment Net 21,595.00 20,607.00 19,551.00 17,404.00 17,633.00
      Goodwill 0 0 0 19,263.00 0
      Intangible Assets 0 0 0 98,407.00 0
      Long-Term Investments 210.00 1,216.00 1,891.00 5,909.00 6,547.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 4,253.00 0
Liabilities 429,591.00 431,821.00 386,058.00 267,648.00 283,999.00
   Current Liabilities 256,742.00 260,911.00 226,074.00 219,478.00 240,957.00
      Payables and Expenses 245,492.00 249,110.00 214,484.00 185,904.00 201,698.00
            Account Payables 21,893.00 19,407.00 14,522.00 21,059.00 16,725.00
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 5,842.00 6,050.00 5,991.00 32,221.00 36,914.00
      Other Current Liabilities 5,408.00 5,751.00 5,599.00 1,353.00 2,345.00
   Non-Current Liabilities 172,849.00 170,910.00 159,984.00 48,170.00 43,042.00
      Long-Term Debt 155,751.00 155,597.00 142,593.00 22,683.00 18,541.00
      Other Non-Current Liabilities 17,098.00 15,313.00 17,391.00 25,487.00 24,501.00
Equity 208,114.00 201,487.00 180,803.00 165,245.00 163,304.00
   Shareholders Equity 208,114.00 201,487.00 180,803.00 165,245.00 163,304.00
      Capital Stock 9.00 9.00 9.00 9.00 9.00
      Share Premium 231,223.00 230,733.00 227,571.00 220,715.00 219,742.00
      Retained Earnings -33,185.00 -39,649.00 -54,224.00 -63,311.00 -66,413.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 10,067.00 10,394.00 7,447.00 7,832.00 9,966.00
   Minority Interest 0 0 0 0 0
Debt 161,593.00 161,647.00 148,584.00 54,904.00 55,455.00
Common Shares Outstanding 36,607.41 36,607.41 36,607.41 36,607.41 36,607.41
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenues 104,280.00 95,589.00 81,110.00 88,959.00 83,005.00 0
Cost Of Revenue 52,914.00 49,417.00 41,211.00 47,972.00 45,033.00 0
Interest Income 1,685.00 6,099.00 1,836.00 0 1,105.00 652.00
Interest Expense 4,962.00 3,631.00 2,327.00 393.00 1,434.00 0
Non-Interest Expense 30,007.00 31,218.00 27,541.00 6,678.00 26,071.00 0
Gross Profit 51,366.00 46,172.00 39,899.00 40,987.00 37,972.00 0
Operating Expenses 43,520.00 36,655.00 31,780.00 37,051.00 36,173.00 0
   Selling, General and Administrative Expenses 30,007.00 31,218.00 27,541.00 6,678.00 26,071.00 0
   Research and Development Expenses 8,821.00 7,732.00 7,152.00 5,742.00 6,870.00 0
   Other Operating Expenses 766.00 -5,621.00 -6,089.00 13,522.00 0 378.00
Operating Income 7,846.00 9,517.00 8,119.00 3,936.00 1,799.00 0
EBT 4,569.00 11,985.00 7,402.00 2,380.00 1,123.00 0
Income Tax 1,032.00 333.00 246.00 734.00 431.00 0
Net Income Including Non-Controlling Interests 3,537.00 11,652.00 7,156.00 1,646.00 692.00 0
Net Income 3,537.00 11,652.00 7,156.00 1,646.00 692.00 0
EBIT 9,531.00 15,616.00 9,729.00 2,773.00 2,557.00 0
Deprecation and Amortization 6,830.00 6,014.00 5,721.00 5,875.00 5,934.00 0
EBITDA 16,361.00 21,630.00 15,450.00 13,207.00 8,491.00 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 38,451.51 36,913.47 36,697.44 0 36,421.05 36,223.89
Average Shares Outstanding Diluted 38,451.51 37,786.36 36,697.44 0 36,421.05 36,223.89
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 10,462.00 12,946.00 1,289.00 17,008.00 16,564.00
   Operating Net Income 3,537.00 11,652.00 7,156.00 1,646.00 692.00
   Deprecation and Amortization 6,830.00 6,014.00 5,721.00 5,875.00 5,934.00
   Deferred Income Tax -497.00 -381.00 -691.00 -139.00 -447.00
   Share Based Compensation 2,562.00 2,512.00 1,783.00 1,225.00 2,997.00
   Change in Working Capital -3,709.00 -6,099.00 -5,327.00 3,685.00 5,591.00
   Other Operating Activities 1,739.00 -752.00 -7,353.00 4,716.00 1,797.00
Investing Cash Flow -11,947.00 -22,631.00 -7,984.00 7,876.00 -5,649.00
   Capital Expenditure -4,537.00 -6,262.00 -6,226.00 -6,435.00 -5,670.00
   Net Purchase/Sale of PPE -2,071.00 -1,110.00 -796.00 -1,296.00 -776.00
   Net Purchase/Sale of Investments Net -4,080.00 -5,549.00 9,555.00 15,175.00 -411.00
   Net Purchase/Sale of Business -2,768.00 -9,324.00 -11,736.00 -555.00 0
   Other Investing Activities 1,509.00 -386.00 1,219.00 987.00 1,208.00
Financing Cash Flow -5,393.00 -1,224.00 99,735.00 -3,704.00 -7,749.00
   Net Issuance/Repayment of Debt -1,572.00 -2,308.00 99,737.00 -3,519.00 -7,154.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -3,821.00 1,084.00 -2.00 -185.00 -595.00
Net Change in Cash -6,878.00 -10,909.00 93,040.00 21,180.00 3,166.00
   Cash at Beginning of Period 172,267.00 176,763.00 83,130.00 64,651.00 61,912.00
   Cash at End of Period 167,294.00 172,267.00 176,763.00 83,130.00 64,651.00
Free Cash Flow 3,854.00 5,574.00 -5,733.00 9,277.00 10,118.00