Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -0.79 29.28 0.25 -3.08
Price to Sales 1.69 0.89 0.26 0.31
Book Value Per Common Share 18.43 90.39 83.49 67.25 70.71
Price to Book 0.46 0.06 0.03 0.03
Price to Operating Cash Flow 524.07 1.19 0.10 -0.62
Price to Free Cash Flow 524.07
Enterprise Value to EBITDA 13196.28 1527.10 2740.26
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31 2022-06-30 2021-12-31 2020-12-31
Price to Earnings -3.61 -5.51 -6.96 -13.48 13.67
Price to Sales 6.13 7.43 6.40 -4.64 5.78 0.46
Book Value Per Common Share 18.06 18.53 18.36 18.43 30.88 90.39 83.49 17.45 67.25 70.71
Price to Book 0.47 0.46 0.46 0.46 0.27 0.06 0.03 0.12 0.03
Price to Operating Cash Flow -9.92 -9.78 12.84 -14.50 8.28 8.60
Price to Free Cash Flow -9.92 -9.78 12.84 -14.50 8.28
Enterprise Value to EBITDA 4980.40

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -98.43
Revenue YoY -12.34 -46.73 79.08 80.77
EBITDA YoY -78.86 165.02
Net Profit YoY -98.48
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31 2022-06-30 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 21.19 -12.43
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 7.07 15.93 14.79 11.54 32.55
Quick Ratio
Current Ratio
Debt to Equity 5.74 1.41 1.45 10.34 10.46
Long-Term Debt to Equity
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31 2022-06-30 2021-12-31 2020-12-31
Cash Per Common Share 9.95 6.45 6.65 7.14 45.94 16.09 15.03 0.69 11.60 32.79
Quick Ratio
Current Ratio
Debt to Equity 0.87 5.99 5.81 5.74 3.94 1.41 1.45 -4.79 10.34 10.46
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -6.91 0.03 2.07 -0.11 -1.61
ROE -46.54 0.07 5.08 -1.23 -18.48
Gross Margin 59.11 21.58 98.23 92.95
Operating Margin -21.40 28.25 137.23 67.02 -139.74
EBITDA Margin 67.29 169.51 114.54 -89.10
Net Profit Margin -235.97 2.97 103.96 -9.93 -280.13
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31 2022-06-30 2021-12-31 2020-12-31
ROA -5.24 -0.87 -0.70 -6.81 -0.30 0.02
ROE -9.82 -6.07 -4.75 -45.88 -1.47 -0.09
Gross Margin 93.20
Operating Margin -38.88 -31.67 -15.38 -24.30 47.57
EBITDA Margin 90.78
Net Profit Margin -169.09 -134.54 -91.74 -39.29 3.40

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31 2022-06-30 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 8,058,378.00 27,009,000.00 25,307,000.00 25,776,000.00 27,098,000.00
      Cash and Short-Term Investments 331,896.00 727,000.00 676,000.00 537,000.00 1,502,000.00
            Cash and Cash Equivalents 47,275.00 274,000.00 105,000.00 18,000.00 27,000.00
            Short-Term Investments 284,621.00 453,000.00 571,000.00 519,000.00 1,475,000.00
      Net Receivables 418,790.00 10,268,000.00 11,243,000.00 16,631,000.00 18,385,000.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 0 19,000.00 21,000.00 23,000.00 25,000.00
      Goodwill 418,234.00 70,000.00 61,000.00 46,000.00 0
      Intangible Assets 344,775.00 599,000.00 639,000.00 715,000.00 782,000.00
      Long-Term Investments 284,621.00 0 0 0 51,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 6,862,857.00 15,809,000.00 14,970,000.00 23,502,000.00 24,733,000.00
      Payables and Expenses 126,993.00 0 0 0 0
            Account Payables 53,002.00 0 0 0 0
            Current Accrued Liabilities 2,560.00 0 0 0 0
      Short-Term Debt 150,000.00 0 0 0 0
      Other Current Liabilities 0 0 0 0 0
      Long-Term Debt 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0
Equity 1,195,521.00 11,200,000.00 10,337,000.00 2,274,000.00 2,365,000.00
   Shareholders Equity 856,906.00 4,085,000.00 3,755,000.00 3,114,000.00 3,239,000.00
      Capital Stock 489.00 0 0 0 0
      Share Premium 331,007.00 292,000.00 274,000.00 257,000.00 242,000.00
      Retained Earnings 742,185.00 1,246,000.00 1,245,000.00 726,000.00 759,000.00
      Treasury Shares 28,339.00 17,000.00 15,000.00 3,000.00 1,000.00
      Accumulated Other Comprehensive Income -188,436.00 -480,000.00 -759,000.00 173,000.00 237,000.00
   Minority Interest 338,615.00 104,000.00 53,000.00 60,000.00 60,000.00
Investments 0 38,456,000.00 38,095,000.00 52,315,000.00 56,513,000.00
Debt 150,000.00 7,458,000.00 8,131,000.00 15,123,000.00 17,203,000.00
Net Debt 102,725.00 6,731,000.00 7,455,000.00 14,586,000.00 15,701,000.00
Common Shares Outstanding 46,506.97 45,195.37 44,973.76 46,304.14 45,809.14
Preferred Shares Outstanding 0 4.60 4.60 5.50 5.50
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 235,815.00 269,000.00 505,000.00 282,000.00 156,000.00
   Net Premiums 0 78,000.00 56,000.00 47,000.00 54,000.00
Cost Of Revenue 0 110,000.00 396,000.00 5,000.00 11,000.00
Interest Expense 9,379.00 64,000.00 168,000.00 187,000.00 222,000.00
Non-Interest Expense 129,166.00 0 0 0 0
Gross Profit 0 159,000.00 109,000.00 277,000.00 145,000.00
Operating Expenses 0 155,000.00 139,000.00 0 0
   Selling, General and Administrative Expenses 129,166.00 156,000.00 141,000.00 14,000.00 11,000.00
   Other Operating Expenses 0 -1,000.00 -2,000.00 0 0
Operating Income 0 4,000.00 -30,000.00 0 0
EBT -59,845.00 12,000.00 525,000.00 2,000.00 -440,000.00
Income Tax -924.00 7,000.00 2,000.00 18,000.00 3,000.00
Net Income Including Non-Controlling Interests -556,088.00 5,000.00 522,000.00 -16,000.00 -437,000.00
Net Income Non-Controlling Interests -361.00 3,000.00 3,000.00 -12,000.00 0.00
Net Income -556,449.00 8,000.00 525,000.00 -28,000.00 -437,000.00
EBIT -50,466.00 76,000.00 693,000.00 189,000.00 -218,000.00
Deprecation and Amortization 19,947.00 105,000.00 163,000.00 134,000.00 79,000.00
EBITDA 0 181,000.00 856,000.00 323,000.00 -139,000.00
EPS -0.01 0.00 0.01 -0.00 -0.01
Diluted EPS -0.01 0.00 0.01 -0.00 -0.01
Average Shares Outstanding Basic 46,969.71 45,636.65 45,719.91 46,535.00 46,147.06
Average Shares Outstanding Diluted 46,969.71 46,540.71 46,414.83 46,535.00 46,147.06
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 762.00 202,000.00 1,381,000.00 -141,000.00 -164,000.00
   Operating Net Income -58,921.00 22,000.00 2,088,000.00 -67,000.00 -1,748,000.00
   Deprecation and Amortization 0 105,000.00 163,000.00 134,000.00 79,000.00
   Deferred Income Tax 0 -2,000.00 -4,000.00 6,000.00 -10,000.00
   Share Based Compensation 9,356.00 26,000.00 29,000.00 14,000.00 11,000.00
   Change in Working Capital 15,023.00 -16,000.00 60,000.00 158,000.00 94,000.00
   Other Operating Activities 0 67,000.00 -955,000.00 -386,000.00 1,410,000.00
Investing Cash Flow -166,371.00 451,000.00 878,000.00 871,000.00 448,000.00
   Capital Expenditure 0 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0
   Net Purchase/Sale of Investments Net 67,036.00 910,000.00 539,000.00 894,000.00 1,031,000.00
   Net Purchase/Sale of Business -229,657.00 7,000.00 -18,000.00 0 -74,000.00
   Other Investing Activities -3,750.00 -466,000.00 357,000.00 -23,000.00 -509,000.00
Financing Cash Flow 194,219.00 -444,000.00 -2,220,000.00 -749,000.00 -303,000.00
   Net Issuance/Repayment of Debt 147,000.00 1,431,000.00 1,622,000.00 0 0
   Net Issuance/Repurchase of Equity 0 -5,000.00 -14,000.00 0 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0 -1,870,000.00 -3,828,000.00 -749,000.00 -303,000.00
Net Change in Cash 28,610.00 213,000.00 39,000.00 -12,000.00 -46,000.00
   Cash at Beginning of Period 19,223.00 61,000.00 22,000.00 35,000.00 81,000.00
   Cash at End of Period 47,275.00 274,000.00 61,000.00 23,000.00 35,000.00
Free Cash Flow 762.00 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2022-12-31 2022-06-30 2021-12-31 2020-12-31
Assets 2,147,890.00 8,522,386.00 8,253,282.00 8,058,378.00 9,256,000.00 27,009,000.00 25,307,000.00 29,804,000.00 25,776,000.00 27,098,000.00
      Cash and Short-Term Investments 478,693.00 310,438.00 314,839.00 331,896.00 2,191,000.00 727,000.00 676,000.00 32,000.00 537,000.00 1,502,000.00
            Cash and Cash Equivalents 51,767.00 46,383.00 51,660.00 47,275.00 54,000.00 274,000.00 105,000.00 32,000.00 18,000.00 27,000.00
            Short-Term Investments 426,926.00 264,055.00 263,179.00 284,621.00 2,137,000.00 453,000.00 571,000.00 0 519,000.00 1,475,000.00
      Net Receivables 590,702.00 520,939.00 481,492.00 418,790.00 777,000.00 10,268,000.00 11,243,000.00 6,749,000.00 16,631,000.00 18,385,000.00
      Inventory 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 0 0 0 0 0 19,000.00 21,000.00 0 23,000.00 25,000.00
      Goodwill 445,382.00 451,808.00 429,314.00 418,234.00 434,000.00 70,000.00 61,000.00 46,000.00 46,000.00 0
      Intangible Assets 339,197.00 353,904.00 345,061.00 344,775.00 598,000.00 599,000.00 639,000.00 646,000.00 715,000.00 782,000.00
      Long-Term Investments 426,926.00 264,055.00 263,179.00 284,621.00 4,283,000.00 0 0 0 0 51,000.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0
Liabilities 1,000,469.00 7,303,678.00 7,041,817.00 6,862,857.00 7,382,000.00 15,809,000.00 14,970,000.00 37,662,000.00 23,502,000.00 24,733,000.00
      Payables and Expenses 196,952.00 190,376.00 165,070.00 126,993.00 680,000.00 0 0 0 0 0
            Account Payables 87,635.00 90,557.00 81,358.00 53,002.00 165,000.00 0 0 0 0 0
            Current Accrued Liabilities 0 2,944.00 2,695.00 2,560.00 515,000.00 0 0 0 0 0
      Short-Term Debt 0 150,000.00 150,000.00 150,000.00 148,000.00 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 0
      Long-Term Debt 0 0 0 0 3,508,000.00 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0
Equity 1,147,421.00 1,218,708.00 1,211,465.00 1,195,521.00 1,874,000.00 11,200,000.00 10,337,000.00 -7,858,000.00 2,274,000.00 2,365,000.00
   Shareholders Equity 843,384.00 859,839.00 852,221.00 856,906.00 1,465,000.00 4,085,000.00 3,755,000.00 784,000.00 3,114,000.00 3,239,000.00
      Capital Stock 489.00 489.00 489.00 489.00 0 0 0 0 0 0
      Share Premium 367,077.00 347,939.00 333,356.00 331,007.00 328,000.00 292,000.00 274,000.00 267,000.00 257,000.00 242,000.00
      Retained Earnings 491,733.00 607,548.00 681,489.00 742,185.00 1,235,000.00 1,246,000.00 1,245,000.00 728,000.00 726,000.00 759,000.00
      Treasury Shares 27,695.00 30,124.00 29,945.00 28,339.00 17,000.00 17,000.00 15,000.00 16,000.00 3,000.00 1,000.00
      Accumulated Other Comprehensive Income 11,780.00 -66,013.00 -133,168.00 -188,436.00 -81,000.00 -480,000.00 -759,000.00 -392,000.00 173,000.00 237,000.00
   Minority Interest 304,037.00 358,869.00 359,244.00 338,615.00 409,000.00 104,000.00 53,000.00 62,000.00 60,000.00 60,000.00
Investments 0 0 0 0 0 38,456,000.00 38,095,000.00 33,014,000.00 52,315,000.00 56,513,000.00
Debt 0 150,000.00 150,000.00 150,000.00 3,656,000.00 7,458,000.00 8,131,000.00 10,098,000.00 15,123,000.00 17,203,000.00
Net Debt 0 103,617.00 98,340.00 102,725.00 3,602,000.00 6,731,000.00 7,455,000.00 10,066,000.00 14,586,000.00 15,701,000.00
Common Shares Outstanding 46,701.46 46,400.02 46,427.42 46,506.97 47,442.53 45,195.37 44,973.76 44,939.92 46,304.14 45,809.14
Preferred Shares Outstanding 0 0 0 0 0 4.60 4.60 0 5.50 5.50
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2022-06-30
Revenues 66,605.00 54,957.00 62,756.00 -85,185.00 70,005.00 0 206,000.00
   Net Premiums 0 0 0 0 0 0 28,000.00
Cost Of Revenue 0 0 0 0 0 0 14,000.00
Interest Expense 6,185.00 5,570.00 5,454.00 -41,621.00 3,745.00 0 89,000.00
Non-Interest Expense 53,710.00 40,540.00 38,531.00 -9,834.00 44,000.00 0 0
Gross Profit 0 0 0 0 0 0 192,000.00
Operating Expenses 0 0 0 0 0 0 58,000.00
   Selling, General and Administrative Expenses 53,710.00 40,540.00 38,531.00 -9,834.00 44,000.00 0 10,000.00
   Other Operating Expenses 0 0 0 0 0 2,000.00 48,000.00
Operating Income 0 0 0 0 0 0 134,000.00
EBT -32,079.00 -22,974.00 -15,107.00 -60,845.00 -20,757.00 0 9,000.00
Income Tax -1,241.00 -2,172.00 -617.00 -10,924.00 -867.00 0 1,000.00
Net Income Including Non-Controlling Interests -111,728.00 -72,953.00 -44,737.00 -547,088.00 -29,276.00 0 8,000.00
Net Income Non-Controlling Interests -892.00 254.00 -1,654.00 -1,361.00 1,773.00 0 -1,000.00
Net Income -112,620.00 -73,940.00 -57,574.00 -548,449.00 -27,503.00 0 7,000.00
EBIT -25,894.00 -17,404.00 -9,653.00 -102,466.00 -17,012.00 0 98,000.00
Deprecation and Amortization 9,746.00 9,741.00 9,176.00 -15,053.00 7,104.00 0 89,000.00
EBITDA 0 0 0 0 0 0 187,000.00
EPS -0.00 -0.00 -0.00 0 -0.00 -0.00 0.00
Diluted EPS -0.00 -0.00 -0.00 0 -0.00 -0.00 0.00
Average Shares Outstanding Basic 48,106.07 48,116.50 47,313.01 0 47,688.99 46,209.25 46,121.93
Average Shares Outstanding Diluted 48,106.07 48,116.50 47,313.01 0 47,688.99 46,209.25 46,310.69
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2022-06-30
Operating Cash Flow -41,154.00 -41,755.00 31,292.00 -27,238.00 48,913.00 11,000.00
   Operating Net Income -30,838.00 -20,802.00 -14,490.00 -49,921.00 -19,890.00 15,000.00
   Deprecation and Amortization 0 0 0 0 0 89,000.00
   Deferred Income Tax 0 0 0 0 0 -1,000.00
   Share Based Compensation -10,008.00 14,583.00 2,349.00 3,356.00 3,692.00 10,000.00
   Change in Working Capital 19,538.00 -19,687.00 -9,006.00 -48,977.00 73,031.00 21,000.00
   Other Operating Activities -19,846.00 -15,849.00 52,439.00 68,304.00 -7,920.00 -123,000.00
Investing Cash Flow 247,341.00 -16,459.00 34,489.00 33,629.00 -225,847.00 440,000.00
   Capital Expenditure 0 0 0 0 0 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net -162,008.00 499.00 23,470.00 -9,964.00 47,292.00 438,000.00
   Net Purchase/Sale of Business 0 0 0 -28,657.00 0 0
   Other Investing Activities 0 0 0 72,250.00 0 2,000.00
Financing Cash Flow -200,979.00 44,058.00 -53,805.00 180,219.00 208,564.00 -434,000.00
   Net Issuance/Repayment of Debt 0 0 0 0 147,000.00 0
   Net Issuance/Repurchase of Equity 0 -179.00 -3,122.00 -11,698.00 62,000.00 0
   Dividends Paid 0 0 0 0 0 0
   Other Financing Activities 0 0 0 191,917.00 -436.00 -434,000.00
Net Change in Cash 5,208.00 -14,156.00 11,976.00 186,610.00 31,630.00 16,000.00
   Cash at Beginning of Period 46,383.00 126,647.00 113,352.00 117,000.00 25,146.00 23,000.00
   Cash at End of Period 51,767.00 46,383.00 126,647.00 47,275.00 56,776.00 39,000.00
Free Cash Flow -41,154.00 -41,755.00 31,292.00 -27,238.00 48,913.00 0