Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -1.95 -1.69 -2.64 -20.41
Price to Sales 0.48 0.89 1.43 6.80
Book Value Per Common Share 0.17 0.56 1.34 2.10
Price to Book 75.79 42.05 26.05 75.65
Price to Operating Cash Flow -3.46 -4.23 -3.83 -20.44
Price to Free Cash Flow -2.54 -2.98 -2.17 -8.82
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -7.36 -6.59 -24.58 -4.42 -14.24
Price to Sales 2.20 1.71 1.49 1.85 2.46
Book Value Per Common Share 0.03 0.16 0.20 0.17 0.38
Price to Book 525.97 75.41 48.81 75.79 44.43
Price to Operating Cash Flow -208.76 -246.78 -21.70 -38.74 -28.11
Price to Free Cash Flow -90.45 -68.69 -14.34 -17.62 -19.15
Enterprise Value to EBITDA 3771478.35

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 5.15 8.46 12.29
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY 6.93 5.48 -7.83 3.04
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 3.31 8.40 2.79 19.87
Quick Ratio 0.42 0.68 0.58 2.79
Current Ratio 0.56 0.83 1.41 3.32
Debt to Equity 6.58 2.33 0.55 0.31
Long-Term Debt to Equity 1.53 0.59 0.12 0.11
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 1.94 2.26 2.49 3.31 3.99
Quick Ratio 0.30 0.35 0.37 0.42 0.44
Current Ratio 0.42 0.49 0.53 0.56 0.62
Debt to Equity 38.21 7.30 5.51 6.58 2.98
Long-Term Debt to Equity 7.51 1.60 1.30 1.53 0.66

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -25.12 -37.32 -32.04 -13.04
ROE -190.30 -124.15 -49.62 -17.06
Gross Margin 28.71 19.41 11.08 24.10
Operating Margin -16.52 -45.81 -53.09 -31.11
EBITDA Margin -10.46 -39.21 -46.40 -26.87
Net Profit Margin -24.52 -53.22 -54.35 -33.02
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -8.37 -6.96 -1.57 -11.34 -3.75
ROE -328.34 -57.81 -10.20 -85.94 -14.95
Gross Margin 29.78 32.46 31.55 28.75 29.82
Operating Margin -21.66 -10.61 2.24 -18.50 -13.92
EBITDA Margin -16.16 -4.71 7.90 -12.93 -7.81
Net Profit Margin -29.30 -26.83 -6.29 -42.56 -16.62

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 803,980.00 1,116,971.00 1,225,197.00 1,628,912.00
   Current Assets 299,126.00 483,385.00 482,251.00 807,064.00
      Cash and Short-Term Investments 98,923.00 249,299.00 82,644.00 545,509.00
            Cash and Cash Equivalents 98,923.00 249,299.00 82,644.00 295,572.00
            Short-Term Investments 0 0 0 249,937.00
      Net Receivables 124,041.00 146,631.00 115,938.00 134,268.00
      Inventory 65,602.00 67,882.00 114,475.00 95,661.00
      Other Current Assets 10,560.00 19,573.00 169,194.00 31,626.00
   Non-Current Assets 504,854.00 633,586.00 742,946.00 821,848.00
      Property, Plant, Equipment Net 339,754.00 448,679.00 601,550.00 668,096.00
      Goodwill 107,241.00 118,213.00 112,904.00 130,364.00
      Intangible Assets 8,967.00 12,113.00 14,784.00 15,561.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 4,561.00 10,203.00 5,860.00 2,293.00
      Other Non-Current Assets 44,331.00 44,378.00 7,848.00 5,534.00
Liabilities 697,857.00 781,190.00 434,054.00 383,613.00
   Current Liabilities 535,060.00 583,655.00 341,907.00 243,387.00
      Payables and Expenses 172,580.00 200,865.00 220,515.00 220,044.00
            Account Payables 60,152.00 64,368.00 82,516.00 93,043.00
            Current Accrued Liabilities 103,719.00 121,338.00 123,037.00 117,473.00
      Short-Term Debt 343,511.00 346,016.00 66,745.00 22,690.00
      Other Current Liabilities 18,969.00 36,774.00 54,647.00 653.00
   Non-Current Liabilities 162,797.00 197,535.00 92,147.00 140,226.00
      Long-Term Debt 147,940.00 186,819.00 84,953.00 126,516.00
      Other Non-Current Liabilities 14,857.00 10,716.00 7,194.00 13,710.00
Equity 106,123.00 335,781.00 791,143.00 1,245,299.00
   Shareholders Equity 104,688.00 333,994.00 791,143.00 1,245,299.00
      Capital Stock 106.00 105.00 105.00 105.00
      Share Premium 1,628,045.00 1,628,045.00 1,628,045.00 1,628,103.00
      Retained Earnings -1,249,303.00 -1,060,952.00 -665,524.00 -308,423.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -274,160.00 -233,204.00 -171,483.00 -74,486.00
   Minority Interest 1,435.00 1,787.00 0 0
Debt 491,451.00 532,835.00 151,698.00 149,206.00
Net Debt 347,445.00 194,534.00 0 0
Common Shares Outstanding 598,559.84 595,060.26 592,319.92 591,777.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 823,666.00 783,348.00 722,238.00 643,190.00
Cost Of Revenue 587,174.00 631,265.00 642,211.00 488,177.00
Interest Income 10,297.00 12,666.00 2,144.00 1,774.00
Interest Expense 62,479.00 49,333.00 13,928.00 14,984.00
Non-Interest Expense 324,719.00 373,396.00 412,799.00 353,929.00
Gross Profit 236,492.00 152,083.00 80,027.00 155,013.00
Operating Expenses 353,813.00 395,294.00 433,944.00 369,418.00
   Selling, General and Administrative Expenses 324,719.00 373,396.00 412,799.00 353,929.00
   Research and Development Expenses 30,135.00 21,047.00 22,262.00 16,771.00
   Other Operating Expenses -1,041.00 851.00 -1,117.00 -1,282.00
Operating Income -117,321.00 -243,211.00 -353,917.00 -214,405.00
EBT -198,573.00 -408,165.00 -397,394.00 -215,048.00
Income Tax 3,699.00 8,895.00 -4,827.00 -2,655.00
Net Income Including Non-Controlling Interests -202,272.00 -417,060.00 -392,567.00 -212,393.00
Net Income Non-Controlling Interests 323.00 186.00 0 0
Net Income -201,949.00 -416,874.00 -392,567.00 -212,393.00
EBIT -136,094.00 -358,832.00 -383,466.00 -200,064.00
Deprecation and Amortization 49,966.00 51,702.00 48,315.00 27,222.00
EBITDA -86,128.00 -307,130.00 -335,151.00 -172,842.00
EPS -0.01 -0.01 -0.01 -0.01
Diluted EPS -0.01 -0.01 -0.01 -0.01
Average Shares Outstanding Basic 29,844.31 29,680.04 29,601.60 27,454.02
Average Shares Outstanding Diluted 29,844.31 29,680.04 29,601.60 27,454.02
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -114,428.00 -165,626.00 -268,946.00 -213,832.00
   Operating Net Income -202,272.00 -417,060.00 -392,567.00 -212,393.00
   Deprecation and Amortization 49,966.00 51,702.00 48,315.00 27,222.00
   Deferred Income Tax 3,699.00 8,895.00 -4,827.00 -2,655.00
   Share Based Compensation 13,598.00 21,446.00 35,466.00 23,632.00
   Change in Working Capital -5,032.00 18,186.00 -16,199.00 -50,794.00
   Other Operating Activities 25,613.00 151,205.00 60,866.00 1,156.00
Investing Cash Flow -9,251.00 -26,698.00 34,794.00 -544,328.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -7,939.00 -66,095.00 -201,655.00 -273,760.00
   Net Purchase/Sale of Investments Net 0 -1,651.00 240,959.00 -262,730.00
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities -1,312.00 41,048.00 -4,510.00 -7,838.00
Financing Cash Flow -27,288.00 354,995.00 35,919.00 955,797.00
   Net Issuance/Repayment of Debt -22,323.00 387,545.00 35,919.00 -115,131.00
   Net Issuance/Repurchase of Equity 0 0 0 1,037,325.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 -32,550.00 0.00 33,603.00
Net Change in Cash -150,967.00 162,671.00 -198,233.00 197,637.00
   Cash at Beginning of Period 249,299.00 82,644.00 295,572.00 105,364.00
   Cash at End of Period 98,923.00 249,299.00 82,644.00 295,572.00
Free Cash Flow -155,623.00 -234,671.00 -475,111.00 -495,430.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 779,629.00 803,055.00 793,023.00 803,980.00 920,794.00
   Current Assets 258,434.00 271,483.00 271,080.00 299,126.00 332,373.00
      Cash and Short-Term Investments 58,903.00 67,931.00 74,428.00 98,923.00 119,333.00
            Cash and Cash Equivalents 58,903.00 67,931.00 74,428.00 98,923.00 119,333.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 121,461.00 126,498.00 117,682.00 124,041.00 118,987.00
      Inventory 63,810.00 65,851.00 64,762.00 65,602.00 81,793.00
      Other Current Assets 14,260.00 11,203.00 14,208.00 10,560.00 12,260.00
   Non-Current Assets 521,195.00 531,572.00 521,943.00 504,854.00 588,421.00
      Property, Plant, Equipment Net 340,063.00 348,106.00 346,489.00 339,754.00 408,408.00
      Goodwill 0 0 117,859.00 107,241.00 0
      Intangible Assets 0 0 8,983.00 8,967.00 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 4,562.00 4,698.00 4,325.00 4,561.00 8,428.00
      Other Non-Current Assets 0 0 44,287.00 44,331.00 0
Liabilities 759,745.00 706,336.00 671,142.00 697,857.00 689,586.00
   Current Liabilities 610,438.00 551,765.00 512,994.00 535,060.00 536,674.00
      Payables and Expenses 180,924.00 178,712.00 159,861.00 172,580.00 181,924.00
            Account Payables 70,862.00 64,688.00 52,145.00 60,152.00 57,303.00
            Current Accrued Liabilities 109,332.00 112,675.00 106,358.00 103,719.00 123,859.00
      Short-Term Debt 404,231.00 347,353.00 329,734.00 343,511.00 340,201.00
      Other Current Liabilities 25,283.00 25,700.00 23,399.00 18,969.00 14,549.00
   Non-Current Liabilities 149,307.00 154,571.00 158,148.00 162,797.00 152,912.00
      Long-Term Debt 143,345.00 145,254.00 146,195.00 147,940.00 151,245.00
      Other Non-Current Liabilities 5,962.00 9,317.00 11,953.00 14,857.00 1,667.00
Equity 19,884.00 96,719.00 121,881.00 106,123.00 231,208.00
   Shareholders Equity 18,689.00 95,416.00 120,545.00 104,688.00 229,579.00
      Capital Stock 107.00 107.00 106.00 106.00 106.00
      Share Premium 1,628,156.00 1,628,045.00 1,628,045.00 1,628,045.00 1,628,045.00
      Retained Earnings -1,372,806.00 -1,310,599.00 -1,258,141.00 -1,249,303.00 -1,161,600.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -236,768.00 -222,137.00 -249,465.00 -274,160.00 -236,972.00
   Minority Interest 1,195.00 1,303.00 1,336.00 1,435.00 1,629.00
Debt 547,576.00 492,607.00 475,929.00 491,451.00 491,446.00
Net Debt 448,778.00 381,695.00 357,637.00 347,445.00 321,934.00
Common Shares Outstanding 606,533.10 606,215.42 598,559.84 598,559.84 596,964.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 222,796.00 208,354.00 197,530.00 214,316.00 208,000.00
Cost Of Revenue 156,449.00 140,729.00 135,200.00 152,699.00 145,979.00
Interest Income 987.00 0 0 0 0
Interest Expense 16,228.00 0 13,600.00 0 0
Non-Interest Expense 75,146.00 84,111.00 77,498.00 81,973.00 79,743.00
Gross Profit 66,347.00 67,625.00 62,330.00 61,617.00 62,021.00
Operating Expenses 79,771.00 89,741.00 80,921.00 82,489.00 90,978.00
   Selling, General and Administrative Expenses 75,146.00 84,111.00 77,498.00 81,973.00 79,743.00
   Research and Development Expenses 4,524.00 4,605.00 4,391.00 3,728.00 10,867.00
   Other Operating Expenses 101.00 1,025.00 -968.00 -3,212.00 368.00
Operating Income -13,424.00 -22,116.00 -18,591.00 -20,872.00 -28,957.00
EBT -64,481.00 -54,032.00 -9,180.00 -90,852.00 -33,241.00
Income Tax 923.00 1,914.00 3,351.00 505.00 1,389.00
Net Income Including Non-Controlling Interests -65,404.00 -55,946.00 -12,531.00 -91,357.00 -34,630.00
Net Income Non-Controlling Interests 117.00 35.00 101.00 151.00 70.00
Net Income -65,287.00 -55,911.00 -12,430.00 -91,206.00 -34,560.00
EBIT -48,253.00 -22,116.00 4,420.00 -39,645.00 -28,957.00
Deprecation and Amortization 12,260.00 12,294.00 11,181.00 11,932.00 12,713.00
EBITDA -35,993.00 -9,822.00 15,601.00 -27,713.00 -16,244.00
EPS -0.00 -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 30,316.61 30,059.76 29,927.99 29,911.34 29,898.42
Average Shares Outstanding Diluted 30,316.61 30,059.76 49,958.81 29,911.34 29,898.42
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow -2,354.00 -1,447.00 -13,558.00 -10,236.00 -18,179.00
   Operating Net Income -65,404.00 -55,946.00 -12,531.00 -91,357.00 -34,630.00
   Deprecation and Amortization 12,260.00 12,294.00 11,181.00 11,932.00 12,713.00
   Deferred Income Tax 923.00 1,914.00 3,351.00 505.00 1,389.00
   Share Based Compensation 3,080.00 3,453.00 3,592.00 3,503.00 3,301.00
   Change in Working Capital 8,684.00 12,408.00 -1,346.00 725.00 2,257.00
   Other Operating Activities 38,103.00 24,430.00 -17,805.00 64,456.00 -3,209.00
Investing Cash Flow -2,766.00 -3,571.00 -6,649.00 -5,508.00 -4,601.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -1,986.00 -3,048.00 -6,660.00 -4,861.00 -3,823.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0 0 0 -647.00 -778.00
Financing Cash Flow -4,133.00 -3,087.00 -5,064.00 -3,065.00 -4,010.00
   Net Issuance/Repayment of Debt -4,244.00 -3,087.00 -4,044.00 -3,065.00 -4,010.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 111.00 0.00 -1,020.00 0.00 0.00
Net Change in Cash -9,253.00 -8,105.00 -25,271.00 -18,809.00 -26,790.00
   Cash at Beginning of Period 67,931.00 74,428.00 98,923.00 119,333.00 142,728.00
   Cash at End of Period 58,903.00 67,931.00 74,428.00 98,923.00 119,333.00
Free Cash Flow -5,430.00 -5,195.00 -20,509.00 -22,509.00 -26,681.00