Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 57.67 28.22 13.71 85.68
Price to Sales 2.71 3.63 4.80 31.55
Book Value Per Common Share 1.32 1.28 1.20 0.81
Price to Book 1.31 1.99 4.34 36.05
Price to Operating Cash Flow 8.01 9.37 13.24 94.39
Price to Free Cash Flow 8.29 9.56 13.39 95.23
Enterprise Value to EBITDA 82083.20 90734.41 85028.33 490005.85
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 65.50 -140.00 -173.00 117.50
Price to Sales 7.63 8.77 8.70 11.39 13.07
Book Value Per Common Share 1.33 1.31 1.32 1.32 1.33
Price to Book 0.98 1.07 0.96 1.31 1.77
Price to Operating Cash Flow 109.17 44.59 -288.64 23.10 46.53
Price to Free Cash Flow 114.91 45.31 -215.25 23.83 48.25
Enterprise Value to EBITDA 290585.33 564622.45 302187.27 663346.72 319502.06

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -66.67 -76.32 11.76
Revenue YoY -7.77 -34.93 17.70
EBITDA YoY -24.31 -53.57 3.28
Net Profit YoY -68.30 -74.77 10.55
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY 7.80 9.60 -3.74 -15.40
EBITDA YoY 82.18 -40.97 61.51 -64.45
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.89 0.71 0.50 0.29
Quick Ratio 9.29 9.04 6.70 3.12
Current Ratio 10.67 10.92 9.48 4.60
Debt to Equity 1.02 1.06 1.17 1.98
Long-Term Debt to Equity 0.95 0.99 1.10 1.84
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.43 0.43 0.87 0.88 0.81
Quick Ratio 2.96 2.68 9.22 9.29 10.14
Current Ratio 4.16 3.86 10.74 10.67 11.84
Debt to Equity 0.70 0.74 1.02 1.02 1.00
Long-Term Debt to Equity 0.58 0.60 0.94 0.95 0.94

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 1.10 3.54 14.38 14.15
ROE 2.23 7.29 31.25 42.11
Gross Margin 69.15 69.52 73.77 79.19
Operating Margin 20.46 29.39 49.58 56.28
EBITDA Margin 33.12 40.36 56.56 64.46
Net Profit Margin 4.62 13.44 34.66 36.90
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.73 -0.51 0.03 -0.50 0.84
ROE 1.25 -0.89 0.05 -1.01 1.68
Gross Margin 69.12 71.16 69.45 66.28 68.64
Operating Margin 14.31 3.11 15.06 4.05 29.62
EBITDA Margin 26.26 15.54 28.85 17.20 40.92
Net Profit Margin 9.71 -7.28 0.48 -8.74 12.43

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 1,767,723.00 1,740,338.00 1,697,675.00 1,560,422.00
   Current Assets 689,713.00 613,196.00 522,224.00 335,187.00
      Cash and Short-Term Investments 585,967.00 466,400.00 322,808.00 186,388.00
            Cash and Cash Equivalents 585,967.00 466,400.00 322,808.00 186,388.00
            Short-Term Investments 0 0 0 0
      Net Receivables 14,934.00 40,921.00 46,220.00 40,779.00
      Inventory 75,165.00 95,922.00 144,425.00 98,399.00
      Other Current Assets 13,647.00 9,953.00 8,771.00 9,621.00
   Non-Current Assets 1,078,010.00 1,127,142.00 1,175,451.00 1,225,235.00
      Property, Plant, Equipment Net 1,442.00 930.00 1,034.00 747.00
      Goodwill 168,300.00 168,300.00 168,300.00 168,300.00
      Intangible Assets 899,549.00 947,714.00 995,028.00 1,043,344.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 8,344.00
      Other Non-Current Assets 0 0 11,089.00 4,500.00
Liabilities 893,321.00 895,370.00 916,718.00 1,036,124.00
   Current Liabilities 64,654.00 56,141.00 55,088.00 72,912.00
      Payables and Expenses 57,027.00 48,340.00 44,635.00 47,778.00
            Account Payables 10,423.00 7,073.00 9,748.00 19,167.00
            Current Accrued Liabilities 27,042.00 19,525.00 15,092.00 12,310.00
      Short-Term Debt 6,750.00 6,750.00 8,438.00 20,112.00
      Other Current Liabilities 877.00 1,051.00 2,015.00 5,022.00
   Non-Current Liabilities 828,667.00 839,229.00 861,630.00 963,212.00
      Long-Term Debt 643,712.00 649,023.00 654,333.00 738,090.00
      Other Non-Current Liabilities 184,955.00 190,206.00 207,297.00 225,122.00
Equity 874,402.00 844,968.00 780,957.00 524,298.00
   Shareholders Equity 874,402.00 844,968.00 780,957.00 524,298.00
      Capital Stock 664.00 671.00 649.00 648.00
      Share Premium 328,538.00 316,489.00 312,875.00 302,866.00
      Retained Earnings 545,965.00 526,443.00 464,856.00 220,784.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -765.00 1,365.00 2,577.00 0
   Minority Interest 0 0 0 0
Debt 650,462.00 655,773.00 662,771.00 758,202.00
Net Debt 64,495.00 189,373.00 339,963.00 571,814.00
Common Shares Outstanding 664,224.89 660,731.94 650,091.38 648,794.04
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 422,670.00 458,300.00 704,274.00 598,365.00
Cost Of Revenue 130,380.00 139,668.00 184,721.00 124,543.00
Interest Income 25,379.00 18,828.00 2,775.00 0
Interest Expense 59,585.00 57,954.00 43,953.00 61,148.00
Non-Interest Expense 181,685.00 168,942.00 113,877.00 98,878.00
Gross Profit 292,290.00 318,632.00 519,553.00 473,822.00
Operating Expenses 229,269.00 203,006.00 152,075.00 136,053.00
   Selling, General and Administrative Expenses 181,685.00 168,942.00 113,877.00 98,878.00
Operating Income 63,021.00 115,626.00 367,478.00 337,769.00
Net Non-Operating Income -1,903.00 220.00 -2,256.00 -1,012.00
EBT 26,912.00 76,720.00 305,241.00 275,609.00
Income Tax 7,390.00 15,133.00 61,169.00 54,825.00
Net Income Including Non-Controlling Interests 19,522.00 61,587.00 244,072.00 220,784.00
Net Income 19,522.00 61,587.00 244,072.00 220,784.00
EBIT 86,497.00 134,674.00 349,194.00 336,757.00
Deprecation and Amortization 53,497.00 50,292.00 49,145.00 48,941.00
EBITDA 139,994.00 184,966.00 398,339.00 385,698.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 661,980.61 654,592.92 649,092.85 648,166.47
Average Shares Outstanding Diluted 665,397.66 677,578.24 691,005.85 689,923.79
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 143,068.00 177,532.00 255,324.00 200,029.00
   Operating Net Income 19,522.00 61,587.00 244,072.00 220,784.00
   Deprecation and Amortization 53,497.00 50,292.00 49,145.00 48,941.00
   Deferred Income Tax 6,710.00 -5,630.00 6,095.00 -1,129.00
   Share Based Compensation 11,123.00 9,072.00 7,275.00 3,963.00
   Change in Working Capital 39,035.00 44,112.00 -80,201.00 -75,360.00
   Other Operating Activities 13,181.00 18,099.00 28,938.00 2,830.00
Investing Cash Flow -4,891.00 -3,614.00 -2,682.00 -6,265.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -1,124.00 -375.00 -650.00 -875.00
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 -4,500.00
   Other Investing Activities 0 -3,239.00 -2,032.00 -890.00
Financing Cash Flow -18,610.00 -30,326.00 -116,222.00 -18,340.00
   Net Issuance/Repayment of Debt -6,750.00 -8,438.00 -105,380.00 -20,111.00
   Net Issuance/Repurchase of Equity 0 -16,452.00 0 633.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0 -10,842.00 1,138.00
Net Change in Cash 119,567.00 143,592.00 136,420.00 175,424.00
   Cash at Beginning of Period 466,400.00 322,808.00 186,388.00 10,964.00
   Cash at End of Period 585,967.00 466,400.00 322,808.00 186,388.00
Free Cash Flow 138,177.00 173,918.00 252,642.00 198,264.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 1,514,222.00 1,516,923.00 1,770,924.00 1,767,723.00 1,759,157.00
   Current Assets 473,224.00 462,669.00 703,856.00 689,713.00 669,712.00
      Cash and Short-Term Investments 286,378.00 289,339.00 580,893.00 585,967.00 538,829.00
            Cash and Cash Equivalents 286,378.00 289,339.00 580,893.00 585,967.00 538,829.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 49,735.00 32,643.00 23,829.00 14,934.00 34,886.00
      Inventory 73,256.00 78,323.00 79,181.00 75,165.00 85,907.00
      Other Current Assets 63,855.00 62,364.00 19,953.00 13,647.00 10,090.00
   Non-Current Assets 1,040,998.00 1,054,254.00 1,067,068.00 1,078,010.00 1,089,445.00
      Property, Plant, Equipment Net 1,390.00 1,408.00 1,478.00 1,442.00 1,238.00
      Goodwill 168,300.00 168,300.00 168,300.00 168,300.00 168,300.00
      Intangible Assets 860,782.00 873,840.00 886,834.00 899,549.00 911,477.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 822.00 0 0 0 0
      Other Non-Current Assets 9,704.00 0 0 0 0
Liabilities 625,474.00 642,752.00 892,595.00 893,321.00 879,427.00
   Current Liabilities 113,681.00 119,945.00 65,556.00 64,654.00 56,563.00
      Payables and Expenses 112,822.00 118,979.00 57,967.00 57,027.00 48,683.00
            Account Payables 23,498.00 25,061.00 24,334.00 10,423.00 11,356.00
            Current Accrued Liabilities 76,854.00 79,665.00 20,514.00 27,042.00 18,667.00
      Short-Term Debt 0 0 6,750.00 6,750.00 6,750.00
      Other Current Liabilities 0 0 839.00 877.00 1,130.00
   Non-Current Liabilities 511,793.00 522,807.00 827,039.00 828,667.00 822,864.00
      Long-Term Debt 352,096.00 351,902.00 642,384.00 643,712.00 645,040.00
      Other Non-Current Liabilities 159,697.00 170,905.00 184,655.00 184,955.00 177,824.00
Equity 888,748.00 874,171.00 878,329.00 874,402.00 879,730.00
   Shareholders Equity 888,748.00 874,171.00 878,329.00 874,402.00 879,730.00
      Capital Stock 667.00 666.00 666.00 664.00 662.00
      Share Premium 338,754.00 335,444.00 331,981.00 328,538.00 325,288.00
      Retained Earnings 549,815.00 538,688.00 546,430.00 545,965.00 554,765.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -488.00 -627.00 -748.00 -765.00 -985.00
   Minority Interest 0 0 0 0 0
Debt 352,096.00 351,902.00 649,134.00 650,462.00 651,790.00
Net Debt 65,718.00 62,563.00 68,241.00 64,495.00 112,961.00
Common Shares Outstanding 667,431.78 666,088.70 665,710.81 664,224.89 662,479.32
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 114,579.00 106,284.00 96,978.00 100,741.00 119,080.00
Cost Of Revenue 35,381.00 30,649.00 29,622.00 33,965.00 37,346.00
Interest Income 2,690.00 3,527.00 5,952.00 6,312.00 6,605.00
Interest Expense 7,691.00 12,375.00 13,725.00 14,877.00 15,610.00
Non-Interest Expense 64,110.00 65,909.00 47,987.00 52,869.00 42,956.00
Gross Profit 79,198.00 75,635.00 67,356.00 66,776.00 81,734.00
Operating Expenses 65,563.00 76,839.00 58,880.00 67,646.00 53,738.00
   Selling, General and Administrative Expenses 64,110.00 65,909.00 47,987.00 52,869.00 42,956.00
Operating Income 13,635.00 -1,204.00 8,476.00 -870.00 27,996.00
Net Non-Operating Income 66.00 987.00 178.00 -1,362.00 670.00
EBT 8,700.00 -9,065.00 881.00 -10,797.00 19,661.00
Income Tax -2,427.00 -1,323.00 416.00 -1,997.00 4,864.00
Net Income Including Non-Controlling Interests 11,127.00 -7,742.00 465.00 -8,800.00 14,797.00
Net Income 11,127.00 -7,742.00 465.00 -8,800.00 14,797.00
EBIT 16,391.00 3,310.00 14,606.00 4,080.00 35,271.00
Deprecation and Amortization 13,698.00 13,206.00 13,372.00 13,243.00 13,456.00
EBITDA 30,089.00 16,516.00 27,978.00 17,323.00 48,727.00
EPS 0.00 -0.00 0 -0.00 0.00
Diluted EPS 0.00 -0.00 0 -0.00 0.00
Average Shares Outstanding Basic 667,066.07 665,953.79 664,685.46 663,154.82 662,248.23
Average Shares Outstanding Diluted 668,857.77 665,953.79 666,460.71 663,154.82 666,151.36
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 8,002.00 20,904.00 -2,917.00 49,658.00 33,461.00
   Operating Net Income 11,127.00 -7,742.00 465.00 -8,800.00 14,797.00
   Deprecation and Amortization 13,698.00 13,206.00 13,372.00 13,243.00 13,456.00
   Deferred Income Tax -12,747.00 -1,349.00 -95.00 5,388.00 1,772.00
   Share Based Compensation 3,311.00 3,463.00 2,918.00 2,563.00 2,516.00
   Change in Working Capital -17,870.00 8,393.00 -21,403.00 30,176.00 -1,121.00
   Other Operating Activities 10,483.00 4,933.00 1,826.00 7,088.00 2,041.00
Investing Cash Flow -10,963.00 -329.00 -996.00 -1,522.00 -1,191.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -71.00 -103.00 -48.00 -434.00 -131.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -10,892.00 -226.00 -948.00 -1,088.00 -1,060.00
Financing Cash Flow 0 -312,129.00 -1,161.00 -998.00 -1,366.00
   Net Issuance/Repayment of Debt 0 -300,000.00 -1,688.00 -1,687.00 -1,688.00
   Net Issuance/Repurchase of Equity 0 0 0 0 -166.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0 0 0 0 488.00
Net Change in Cash -2,961.00 -291,554.00 -5,074.00 47,138.00 30,904.00
   Cash at Beginning of Period 289,339.00 580,893.00 585,967.00 538,829.00 507,925.00
   Cash at End of Period 286,378.00 289,339.00 580,893.00 585,967.00 538,829.00
Free Cash Flow 7,626.00 20,575.00 -3,913.00 48,136.00 32,270.00