PAM

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 0.01 0.01 0.02 0.04
Price to Sales 0.00 0.00 0.01 0.01
Book Value Per Common Share 2491.70 1431.43 291.07 132.59
Price to Book 0.04 0.03 0.11 0.16
Price to Operating Cash Flow 0.01 0.01 0.02 0.02
Price to Free Cash Flow -0.39 -0.02 0.06 0.02
Enterprise Value to EBITDA 1137.41 667.97 2477.23 3677.76
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 0.08 0.08 0.03 0.03 0.02
Price to Sales 0.00 0.01 0.01 0.01 0.01
Book Value Per Common Share 3483.94 3043.27 2722.62 2491.70 2274.61
Price to Book 0.02 0.02 0.03 0.04 0.03
Price to Operating Cash Flow 0.01 0.05 0.04 0.02 0.02
Price to Free Cash Flow 0.04 -0.01 -0.05 0.09 0.03
Enterprise Value to EBITDA 1982.97 2602.46 3608.30 3299.41 4342.80

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 166.27 206.00 198.31
Revenue YoY 37.94 334.66 108.32
EBITDA YoY 4.25 466.82 124.19
Net Profit YoY 161.02 203.99 186.89
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -17.01 -69.63 13.76 0.53
Revenue YoY 38.06 30.73 -30.99 25.24
EBITDA YoY 13.68 24.65 -19.71 92.73
Net Profit YoY -15.34 -70.89 -12.08 33.04

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 31611.81 12312.64 2209.52 1047.01
Quick Ratio 1.55 2.11 1.79 2.72
Current Ratio 1.83 2.56 2.13 3.29
Debt to Equity 0.93 0.96 1.08 1.16
Long-Term Debt to Equity 0.53 0.74 0.80 0.96
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 22351.37 19184.60 21852.87 31611.81 21153.96
Quick Ratio 1.92 2.10 1.51 1.55 1.99
Current Ratio 2.68 2.70 1.82 1.83 2.41
Debt to Equity 0.81 0.75 0.78 0.93 0.84
Long-Term Debt to Equity 0.60 0.57 0.48 0.53 0.57

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 9.76 6.40 9.62 7.07
ROE 18.79 12.52 19.97 15.24
Gross Margin 31.82 36.09 37.73 36.94
Operating Margin 36.14 56.52 43.58 37.67
EBITDA Margin 54.37 71.94 55.17 51.26
Net Profit Margin 33.00 17.44 24.93 18.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.47 0.65 2.47 2.84 2.45
ROE 0.85 1.14 4.39 5.46 4.50
Gross Margin 35.56 30.04 31.16 23.88 32.59
Operating Margin 32.81 41.15 45.65 37.55 36.83
EBITDA Margin 51.77 62.87 65.94 56.68 36.83
Net Profit Margin 5.05 8.23 36.96 29.01 27.31

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00
Dividend Payout Ratio 0.33
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 6,540,566,238.96 3,822,846,581.76 836,386,420.22 396,491,109.30
   Current Assets 2,452,712,339.61 1,081,601,658.88 236,876,204.63 115,527,712.50
      Cash and Short-Term Investments 1,719,682,296.12 672,762,708.48 122,053,859.72 58,842,114.90
            Cash and Cash Equivalents 760,866,627.42 138,438,535.68 18,696,111.46 11,296,043.00
            Short-Term Investments 958,815,668.70 534,324,172.80 103,357,748.26 47,546,071.90
      Net Receivables 364,968,544.86 215,348,833.28 77,077,365.17 36,660,794.10
      Inventory 223,723,656.03 162,725,998.08 29,102,437.65 15,095,621.10
      Other Current Assets 144,337,842.60 30,764,119.04 8,642,542.09 4,929,182.40
   Non-Current Assets 4,087,853,899.35 2,741,244,922.88 599,510,215.59 280,963,396.80
      Property, Plant, Equipment Net 2,699,117,656.62 2,076,578,035.20 383,270,284.93 171,597,162.30
      Goodwill 36,084,460.65 28,335,372.80 6,173,244.35 3,594,195.50
      Intangible Assets 61,859,075.40 49,384,506.88 18,166,976.23 308,073.90
      Long-Term Investments 1,051,604,281.80 572,374,530.56 181,669,762.30 93,243,700.40
      Non-Current Deferred Assets 161,864,580.63 0 6,349,622.76 8,626,069.20
      Other Non-Current Assets 77,323,844.25 14,572,477.44 3,880,325.02 3,594,195.50
Liabilities 3,143,472,014.91 1,869,325,022.72 433,538,131.78 212,570,991.00
   Current Liabilities 1,342,341,936.18 421,792,263.68 111,294,776.71 35,120,424.60
      Payables and Expenses 546,421,832.70 208,062,594.56 56,264,712.79 22,489,394.70
            Account Payables 240,219,409.47 170,012,236.80 49,562,333.21 17,354,829.70
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 731,999,058.90 184,584,714.24 48,151,305.93 8,523,377.90
      Other Current Liabilities 63,921,044.58 29,144,954.88 6,878,757.99 4,107,652.00
   Non-Current Liabilities 1,801,130,078.73 1,447,532,759.04 322,243,355.07 177,450,566.40
      Long-Term Debt 1,426,882,672.56 1,002,262,615.04 238,110,853.50 140,481,698.40
      Other Non-Current Liabilities 374,247,406.17 445,270,144.00 84,132,501.57 36,968,868.00
Equity 3,397,094,224.05 1,953,521,559.04 402,848,288.44 183,920,118.30
   Shareholders Equity 3,387,815,362.74 1,946,235,320.32 401,613,639.57 183,303,970.50
      Capital Stock 37,115,445.24 29,144,954.88 6,349,622.76 3,696,886.80
      Share Premium 531,988,048.44 417,744,353.28 91,011,259.56 52,988,710.80
      Retained Earnings 764,990,565.78 180,536,803.84 84,132,501.57 30,293,933.50
      Treasury Shares 7,216,892.13 5,667,074.56 4,056,703.43 718,839.10
      Accumulated Other Comprehensive Income 1,864,020,138.72 1,169,846,105.60 190,488,682.80 77,429,240.20
   Minority Interest 9,278,861.31 7,286,238.72 1,234,648.87 616,147.80
Debt 2,158,881,731.46 1,186,847,329.28 286,262,159.43 149,005,076.30
Net Debt 1,382,550,335.19 1,033,836,316.16 265,802,263.87 136,374,046.40
Common Shares Outstanding 1,359,641.44 1,359,641.44 1,379,765.67 1,382,527.04
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 1,934,127,090.84 1,402,196,162.56 322,596,111.89 154,858,480.40
Cost Of Revenue 1,318,629,290.61 896,207,362.56 200,895,008.99 97,659,426.30
Interest Income 84,540,736.38 60,718,656.00 5,644,109.12 3,799,578.10
Interest Expense 185,577,226.20 288,211,220.48 38,097,736.56 18,279,051.40
Non-Interest Expense 283,520,762.25 182,155,968.00 32,100,870.62 12,220,264.70
Gross Profit 615,497,800.23 505,988,800.00 121,701,102.90 57,199,054.10
Operating Expenses 324,760,145.85 200,776,355.84 31,924,492.21 12,836,412.50
   Selling, General and Administrative Expenses 283,520,762.25 182,155,968.00 32,100,870.62 12,220,264.70
   Other Operating Expenses -22,681,660.98 -24,287,462.40 -7,584,271.63 -2,875,356.40
Operating Income 290,737,654.38 305,212,444.16 89,776,610.69 44,362,641.60
Net Non-Operating Income 0 0 -2,469,297.74 -102,691.30
EBT 513,430,325.82 504,369,635.84 102,475,856.21 40,049,607.00
Income Tax -124,749,135.39 257,447,101.44 21,870,922.84 7,907,230.10
Net Income Including Non-Controlling Interests 638,179,461.21 246,922,534.40 80,604,933.37 24,440,529.40
Net Income Non-Controlling Interests 0 -2,428,746.24 -176,378.41 3,594,195.50
Net Income 638,179,461.21 244,493,788.16 80,428,554.96 28,034,724.90
EBIT 699,007,552.02 792,580,856.32 140,573,592.77 58,328,658.40
Deprecation and Amortization 352,596,729.78 216,158,415.36 37,392,222.92 21,051,716.50
EBITDA 1,051,604,281.80 1,008,739,271.68 177,965,815.69 79,380,374.90
EPS 11.86 4.45 1.46 0.49
Diluted EPS 11.86 4.45 1.46 0.49
Average Shares Outstanding Basic 54,400.00 54,640.00 55,240.00 56,200.00
Average Shares Outstanding Diluted 54,400.00 54,640.00 55,240.00 56,200.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 448,478,296.65 465,509,696.00 109,178,235.79 74,861,957.70
   Operating Net Income 638,179,461.21 246,922,534.40 80,604,933.37 32,142,376.90
   Deprecation and Amortization 352,596,729.78 216,158,415.36 37,392,222.92 21,051,716.50
   Deferred Income Tax -124,749,135.39 257,447,101.44 21,870,922.84 7,907,230.10
   Share Based Compensation 0 0 -6,526,001.17 0
   Change in Working Capital -346,410,822.24 -106,864,834.56 -23,281,950.12 -3,799,578.10
   Other Operating Activities -71,137,936.71 -148,153,520.64 -881,892.05 17,560,212.30
Investing Cash Flow -354,658,698.96 -361,073,607.68 -101,417,585.75 -48,675,676.20
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -460,850,111.73 -612,853,634.56 -73,373,418.56 -21,051,716.50
   Net Purchase/Sale of Investments Net -15,464,768.85 182,965,550.08 -18,166,976.23 -18,689,816.60
   Net Purchase/Sale of Business 111,346,335.72 57,480,327.68 -11,817,353.47 3,491,504.20
   Other Investing Activities 10,309,845.90 11,334,149.12 1,940,162.51 -12,425,647.30
Financing Cash Flow 490,748,664.84 -46,146,178.56 -8,113,406.86 -35,120,424.60
   Net Issuance/Repayment of Debt 640,241,430.39 181,346,385.92 23,634,706.94 -16,019,842.80
   Net Issuance/Repurchase of Equity 0 0 -3,174,811.38 -4,004,960.70
   Dividends Paid 0 -809,582.08 0 0
   Other Financing Activities -149,492,765.55 -226,682,982.40 -28,573,302.42 -15,095,621.10
Net Change in Cash 584,568,262.53 58,289,909.76 -352,756.82 -8,934,143.10
   Cash at Beginning of Period 176,298,364.89 85,815,700.48 19,401,625.10 14,479,473.30
   Cash at End of Period 760,866,627.42 138,438,535.68 18,696,111.46 11,296,043.00
Free Cash Flow -12,371,815.08 -148,153,520.64 30,337,086.52 53,296,784.70
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 8,607,764,000.00 7,268,689,597.14 6,609,279,637.19 6,540,566,238.96 5,691,563,000.00
   Current Assets 2,692,960,000.00 2,088,471,904.83 2,020,420,214.95 2,452,712,339.61 1,994,239,000.00
      Cash and Short-Term Investments 1,216,078,000.00 1,043,642,299.23 1,188,796,063.15 1,719,682,296.12 1,150,792,000.00
            Cash and Cash Equivalents 567,726,000.00 191,156,325.57 384,892,716.41 760,866,627.42 322,011,000.00
            Short-Term Investments 648,352,000.00 852,485,973.66 803,903,346.74 958,815,668.70 828,781,000.00
      Net Receivables 710,579,000.00 581,780,121.30 482,981,718.93 364,968,544.86 500,615,000.00
      Inventory 320,126,000.00 269,518,545.99 255,884,354.40 223,723,656.03 223,678,000.00
      Other Current Assets 446,177,000.00 193,530,938.31 92,758,078.47 144,337,842.60 119,154,000.00
   Non-Current Assets 5,914,804,000.00 5,180,217,692.31 4,588,859,422.24 4,087,853,899.35 3,697,324,000.00
      Property, Plant, Equipment Net 4,272,079,000.00 3,479,994,970.47 2,873,368,062.95 2,699,117,656.62 2,511,589,000.00
      Goodwill 47,759,000.00 41,555,722.95 37,316,468.35 36,084,460.65 33,587,000.00
      Intangible Assets 76,311,000.00 67,676,463.09 63,971,088.60 61,859,075.40 60,527,000.00
      Long-Term Investments 1,423,579,000.00 1,288,227,411.45 1,204,788,835.30 1,051,604,281.80 945,330,000.00
      Non-Current Deferred Assets 28,543,000.00 137,727,538.92 224,964,994.91 161,864,580.63 101,466,000.00
      Other Non-Current Assets 66,533,000.00 165,035,585.43 184,449,972.13 77,323,844.25 44,825,000.00
Liabilities 3,858,965,000.00 3,120,241,140.36 2,896,824,128.77 3,143,472,014.91 2,590,741,000.00
   Current Liabilities 1,005,705,000.00 772,936,446.87 1,107,766,017.59 1,342,341,936.18 828,859,000.00
      Payables and Expenses 546,398,000.00 459,487,565.19 695,152,496.12 546,421,832.70 489,714,000.00
            Account Payables 422,653,000.00 362,128,442.85 312,392,149.33 240,219,409.47 208,499,000.00
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 421,081,000.00 268,331,239.62 380,627,977.17 731,999,058.90 309,017,000.00
      Other Current Liabilities 38,226,000.00 45,117,642.06 31,985,544.30 63,921,044.58 30,128,000.00
   Non-Current Liabilities 2,853,260,000.00 2,347,304,693.49 1,789,058,111.18 1,801,130,078.73 1,761,882,000.00
      Long-Term Debt 2,057,540,000.00 1,638,482,790.60 1,426,555,275.78 1,426,882,672.56 1,381,231,000.00
      Other Non-Current Liabilities 795,720,000.00 708,821,902.89 362,502,835.40 374,247,406.17 380,651,000.00
Equity 4,748,799,000.00 4,148,448,456.78 3,712,455,508.42 3,397,094,224.05 3,100,822,000.00
   Shareholders Equity 4,736,903,000.00 4,137,762,699.45 3,701,793,660.32 3,387,815,362.74 3,092,655,000.00
      Capital Stock 1,360,000.00 42,743,029.32 38,382,653.16 37,115,445.24 1,360,000.00
      Share Premium 19,950,000.00 612,650,086.92 550,151,361.96 531,988,048.44 19,950,000.00
      Retained Earnings 250,626,000.00 223,213,597.56 972,360,546.72 764,990,565.78 613,532,000.00
      Treasury Shares 23,513,000.00 8,311,144.59 7,463,293.67 7,216,892.13 190,000.00
      Accumulated Other Comprehensive Income 4,481,354,000.00 3,040,691,613.57 1,944,721,093.44 1,864,020,138.72 2,450,877,000.00
   Minority Interest 11,896,000.00 10,685,757.33 10,661,848.10 9,278,861.31 8,167,000.00
Debt 2,478,621,000.00 1,906,814,030.22 1,807,183,252.95 2,158,881,731.46 1,690,248,000.00
Net Debt 1,854,173,000.00 1,697,848,109.10 1,418,025,797.30 1,382,550,335.19 1,352,264,000.00
Common Shares Outstanding 1,359,641.44 1,359,641.44 1,359,641.44 1,359,641.44 1,359,641.44
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 796,635,000.00 577,030,895.82 441,400,511.34 639,633,090.84 510,706,000.00
Cost Of Revenue 513,313,000.00 403,684,165.80 303,862,670.85 486,910,290.61 344,291,000.00
Interest Income 8,781,000.00 2,374,612.74 38,382,653.16 39,706,736.38 2,086,000.00
Interest Expense 68,958,000.00 68,863,769.46 41,581,207.59 67,358,226.20 39,244,000.00
Non-Interest Expense 99,215,000.00 74,800,301.31 55,441,610.12 131,910,762.25 72,964,000.00
Gross Profit 283,322,000.00 173,346,730.02 137,537,840.49 152,722,800.23 166,415,000.00
Operating Expenses 84,764,000.00 71,238,382.20 69,302,012.65 93,490,145.85 62,030,000.00
   Selling, General and Administrative Expenses 99,215,000.00 74,800,301.31 55,441,610.12 131,910,762.25 72,964,000.00
   Other Operating Expenses -14,451,000.00 -3,561,919.11 -6,397,108.86 -62,191,660.98 -10,934,000.00
Operating Income 198,558,000.00 102,108,347.82 68,235,827.84 59,232,654.38 104,385,000.00
EBT 192,438,000.00 168,597,504.54 159,927,721.50 172,806,325.82 148,853,000.00
Income Tax 152,155,000.00 122,292,556.11 -4,264,739.24 -13,034,135.39 9,451,000.00
Net Income Including Non-Controlling Interests 40,283,000.00 46,304,948.43 164,192,460.74 185,840,461.21 139,402,000.00
Net Income Non-Controlling Interests -76,000.00 1,187,306.37 -1,066,184.81 -291,000.00 68,000.00
Net Income 40,207,000.00 47,492,254.80 163,126,275.93 185,549,461.21 139,470,000.00
EBIT 261,396,000.00 237,461,274.00 201,508,929.09 240,164,552.02 188,097,000.00
Deprecation and Amortization 151,046,547.03 125,342,928.93 89,559,524.04 122,356,729.78 86,437.10
EBITDA 412,442,547.03 362,804,202.93 291,068,453.13 362,521,281.80 188,097,000.00
EPS 0.74 0.89 2.93 2.58 2.56
Diluted EPS 0.74 0.89 2.93 2.58 2.56
Average Shares Outstanding Basic 54,407.31 54,400.00 54,400.00 54,400.00 54,400.78
Average Shares Outstanding Diluted 54,407.31 54,400.00 54,400.00 54,400.00 54,400.78
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 419,854,963.61 78,577,403.49 95,956,632.90 215,199,296.65 214,367,986.32
   Operating Net Income 31,293,870.59 64,957,668.67 164,192,460.74 185,840,461.21 140,980,747.76
   Deprecation and Amortization 151,046,547.03 125,342,928.93 89,559,524.04 122,356,729.78 86,437.10
   Deferred Income Tax 149,736,669.37 121,808,069.87 -4,264,739.24 -13,034,135.39 31,307.68
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital 83,243,031.33 -176,712,649.06 -71,434,382.27 9,608,177.76 -16,415,566.52
   Other Operating Activities 4,534,845.29 -56,818,614.92 -82,096,230.37 -89,571,936.71 89,685,060.31
Investing Cash Flow -221,281,529.84 -153,621,523.33 -45,845,946.83 -107,473,698.96 -135,187,018.40
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -333,777,584.46 -351,001,291.51 -173,788,124.03 -161,544,111.73 -74,352,860.12
   Net Purchase/Sale of Investments Net 63,241,412.56 209,445,681.13 160,993,906.31 11,853,231.15 -108,149,614.72
   Net Purchase/Sale of Business 6,993,561.17 -15,627,832.06 -33,051,729.11 39,868,335.72 44,418,591.76
   Other Investing Activities 42,261,080.89 3,561,919.11 0.00 2,348,845.90 2,896,864.68
Financing Cash Flow 198,154,341.72 -208,079,982.28 -452,062,359.44 337,792,664.84 85,940,318.84
   Net Issuance/Repayment of Debt 242,752,398.35 -128,677,061.69 -411,547,336.66 383,190,430.39 119,737,073.44
   Net Issuance/Repurchase of Equity -16,000.00 0 0 0 0
   Dividends Paid 0 0 0 37,000.00 0
   Other Financing Activities -44,582,056.63 0 0 0 -33,796,754.60
Net Change in Cash 396,727,775.49 -283,124,102.12 -401,951,673.37 445,518,262.53 165,121,286.76
   Cash at Beginning of Period 191,156,325.57 384,892,716.41 786,844,389.78 322,011,000.00 155,465,071.16
   Cash at End of Period 567,726,000.00 191,156,325.57 384,892,716.41 760,866,627.42 320,586,357.92
Free Cash Flow 88,451,991.89 -274,798,500.76 -77,831,491.13 53,986,184.92 127,462,045.92