PHAR
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -62.91 | -76.20 | 52.52 | 37.59 |
| Price to Sales | 2.33 | 3.14 | 3.49 | 2.89 |
| Book Value Per Common Share | 0.32 | 0.33 | 0.31 | 0.30 |
| Price to Book | 30.98 | 35.06 | 35.38 | 30.06 |
| Price to Operating Cash Flow | -385.63 | -44.56 | 31.98 | 15.17 |
| Price to Free Cash Flow | -266.98 | -41.09 | 35.07 | 27.18 |
| Enterprise Value to EBITDA | 4196936.48 | 7765883.34 | 2158923.11 | 1188997.94 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -38.03 | -412.50 | |||
| Price to Sales | 102.11 | 78.55 | 7.08 | 73.90 | 5.70 |
| Book Value Per Common Share | 0.39 | 0.35 | 0.31 | 0.32 | 0.33 |
| Price to Book | 37.54 | 30.58 | 26.74 | 30.98 | 24.78 |
| Price to Operating Cash Flow | 310.49 | 625.15 | 2390.34 | 734.67 | 43.79 |
| Price to Free Cash Flow | 311.16 | 628.82 | -10457.75 | 745.56 | 45.48 |
| Enterprise Value to EBITDA | 4240135.25 | 7485159.16 | 4381992.74 | 7713878.31 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -11.69 | |||
| Revenue YoY | 21.15 | 19.30 | 3.39 | |
| EBITDA YoY | 65.18 | -70.55 | -31.26 | |
| Net Profit YoY | -14.52 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 4.36 | 17.86 | -14.65 | 23.81 | |
| EBITDA YoY | 139.45 | 115.38 | |||
| Net Profit YoY | 60.80 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 2.44 | 3.16 | 3.18 | 2.99 |
| Quick Ratio | 2.95 | 3.28 | 3.90 | 4.69 |
| Current Ratio | 3.77 | 4.06 | 4.65 | 5.33 |
| Debt to Equity | 0.81 | 1.12 | 1.08 | 1.06 |
| Long-Term Debt to Equity | 0.48 | 0.76 | 0.79 | 0.82 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.24 | 0.18 | 1.60 | 0.25 | 3.32 |
| Quick Ratio | 2.39 | 2.04 | 2.00 | 2.95 | 2.76 |
| Current Ratio | 3.16 | 2.79 | 2.76 | 3.77 | 3.53 |
| Debt to Equity | 0.79 | 0.86 | 0.87 | 0.81 | 0.88 |
| Long-Term Debt to Equity | 0.46 | 0.50 | 0.51 | 0.48 | 0.53 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -2.96 | -2.28 | 3.21 | 4.03 |
| ROE | -5.36 | -4.82 | 6.68 | 8.29 |
| Gross Margin | 88.09 | 89.72 | 91.46 | 89.37 |
| Operating Margin | 0.08 | -2.47 | 9.89 | 14.67 |
| EBITDA Margin | 5.49 | 4.03 | 16.31 | 24.53 |
| Net Profit Margin | -3.98 | -4.30 | 6.65 | 8.04 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 1.59 | 1.05 | -3.65 | 0.71 | -0.24 |
| ROE | 2.85 | 1.96 | -6.84 | 1.29 | -0.46 |
| Gross Margin | 92.73 | 90.38 | 89.48 | 86.82 | 90.89 |
| Operating Margin | 21.28 | 7.60 | -8.46 | 8.55 | 6.03 |
| EBITDA Margin | 24.08 | 10.50 | -5.19 | 16.86 | 9.69 |
| Net Profit Margin | 7.76 | 5.04 | -18.61 | 3.09 | -1.38 |
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 | 399,985.00 | 462,854.00 | 425,797.00 | 397,315.00 |
| Current Assets | 278,440.00 | 316,342.00 | 277,500.00 | 249,444.00 |
| Cash and Short-Term Investments | 167,893.00 | 213,424.00 | 207,342.00 | 191,924.00 |
| Cash and Cash Equivalents | 54,944.00 | 61,741.00 | 207,342.00 | 191,924.00 |
| Short-Term Investments | 112,949.00 | 151,683.00 | 0 | 0 |
| Net Receivables | 50,172.00 | 42,615.00 | 25,331.00 | 27,591.00 |
| Inventory | 55,724.00 | 56,760.00 | 42,326.00 | 27,310.00 |
| Other Current Assets | 4,651.00 | 3,543.00 | 2,501.00 | 2,619.00 |
| Non-Current Assets | 121,545.00 | 146,512.00 | 148,297.00 | 147,871.00 |
| Property, Plant, Equipment Net | 24,134.00 | 33,466.00 | 39,145.00 | 33,165.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 61,039.00 | 71,267.00 | 75,121.00 | 83,834.00 |
| Long-Term Investments | 4,233.00 | 10,398.00 | 9,731.00 | 8,650.00 |
| Non-Current Deferred Assets | 30,544.00 | 29,761.00 | 22,973.00 | 21,216.00 |
| Other Non-Current Assets | 1,595.00 | 1,620.00 | 1,327.00 | 1,006.00 |
| Liabilities | 178,924.00 | 244,073.00 | 221,159.00 | 204,399.00 |
| Current Liabilities | 73,802.00 | 77,968.00 | 59,698.00 | 46,771.00 |
| Payables and Expenses | 66,611.00 | 72,528.00 | 54,465.00 | 42,473.00 |
| Account Payables | 10,103.00 | 16,022.00 | 8,753.00 | 7,599.00 |
| Current Accrued Liabilities | 53,224.00 | 50,272.00 | 43,613.00 | 33,335.00 |
| Short-Term Debt | 7,191.00 | 5,440.00 | 5,233.00 | 4,298.00 |
| Other Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Liabilities | 105,122.00 | 166,105.00 | 161,461.00 | 157,628.00 |
| Long-Term Debt | 105,122.00 | 166,105.00 | 161,461.00 | 157,463.00 |
| Other Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 165.00 |
| Equity | 221,061.00 | 218,781.00 | 204,638.00 | 192,916.00 |
| Shareholders Equity | 221,061.00 | 218,781.00 | 204,638.00 | 192,916.00 |
| Capital Stock | 7,769.00 | 7,669.00 | 7,509.00 | 7,429.00 |
| Share Premium | 488,990.00 | 478,431.00 | 462,297.00 | 455,254.00 |
| Retained Earnings | -275,489.00 | -265,262.00 | -256,431.00 | -273,167.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -209.00 | -2,057.00 | -8,737.00 | 3,400.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 112,313.00 | 171,545.00 | 166,694.00 | 161,761.00 |
| Net Debt | 27,455.00 | 76,681.00 | 0 | 0 |
| Common Shares Outstanding | 680,308.73 | 671,073.24 | 656,348.22 | 648,749.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 297,200.00 | 245,316.00 | 205,622.00 | 198,871.00 |
| Cost Of Revenue | 35,399.00 | 25,212.00 | 17,562.00 | 21,142.00 |
| Interest Income | 4,858.00 | 3,663.00 | 85.00 | 53.00 |
| Interest Expense | 8,737.00 | 5,964.00 | 5,358.00 | 6,091.00 |
| Non-Interest Expense | 99,216.00 | 87,501.00 | 68,853.00 | 48,125.00 |
| Gross Profit | 261,801.00 | 220,104.00 | 188,060.00 | 177,729.00 |
| Operating Expenses | 265,466.00 | 242,393.00 | 178,200.00 | 158,721.00 |
| Selling, General and Administrative Expenses | 99,216.00 | 87,501.00 | 68,853.00 | 48,125.00 |
| Research and Development Expenses | 83,147.00 | 68,914.00 | 52,531.00 | 70,369.00 |
| Other Operating Expenses | 73,742.00 | 76,822.00 | 49,662.00 | 34,342.00 |
| Operating Income | -3,665.00 | -22,289.00 | 9,860.00 | 19,008.00 |
| Net Non-Operating Income | 71.00 | 286.00 | 507.00 | 0 |
| EBT | -8,492.00 | -12,012.00 | 14,987.00 | 23,078.00 |
| Income Tax | 3,349.00 | -1,464.00 | 1,313.00 | 7,082.00 |
| Net Income Including Non-Controlling Interests | -11,841.00 | -10,548.00 | 13,674.00 | 15,996.00 |
| Net Income | -11,841.00 | -10,548.00 | 13,674.00 | 15,996.00 |
| EBIT | 245.00 | -6,048.00 | 20,345.00 | 29,169.00 |
| Deprecation and Amortization | 16,070.00 | 15,925.00 | 13,188.00 | 19,610.00 |
| EBITDA | 16,315.00 | 9,877.00 | 33,533.00 | 48,779.00 |
| EPS | -0.00 | -0.00 | 0.00 | 0.00 |
| Diluted EPS | -0.00 | -0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 68,775.00 | 67,460.00 | 65,114.29 | 64,228.57 |
| Average Shares Outstanding Diluted | 68,775.00 | 67,460.00 | 71,968.42 | 70,989.47 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -1,795.00 | -17,302.00 | 22,458.00 | 37,842.00 |
| Operating Net Income | -8,492.00 | -12,012.00 | 14,987.00 | 23,078.00 |
| Deprecation and Amortization | 16,070.00 | 15,925.00 | 13,188.00 | 19,610.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 11,248.00 | 9,251.00 | 6,392.00 | 9,056.00 |
| Change in Working Capital | -10,072.00 | -16,961.00 | -387.00 | -4,961.00 |
| Other Operating Activities | -10,549.00 | -13,505.00 | -11,722.00 | -8,941.00 |
| Investing Cash Flow | 31,618.00 | -129,388.00 | 5,323.00 | -21,305.00 |
| Capital Expenditure | -790.00 | -1,437.00 | -1,376.00 | -10,739.00 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 32,414.00 | -149,203.00 | 0 | -4,589.00 |
| Net Purchase/Sale of Business | 0 | 0 | 7,300.00 | 0 |
| Other Investing Activities | -6.00 | 21,252.00 | -601.00 | -5,977.00 |
| Financing Cash Flow | -34,412.00 | -1,039.00 | -4,982.00 | -27,947.00 |
| Net Issuance/Repayment of Debt | -34,393.00 | -4,038.00 | -3,311.00 | -3,217.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 2,281.00 | 4,718.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | -3,952.00 | -29,448.00 |
| Net Change in Cash | -4,589.00 | -147,729.00 | 22,799.00 | -11,410.00 |
| Cash at Beginning of Period | 61,741.00 | 207,342.00 | 191,924.00 | 205,159.00 |
| Cash at End of Period | 54,944.00 | 61,741.00 | 207,342.00 | 191,924.00 |
| Free Cash Flow | -2,591.00 | -18,766.00 | 20,481.00 | 21,126.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 473,785.00 | 446,259.00 | 403,181.00 | 399,985.00 | 425,514.00 |
| Current Assets | 277,600.00 | 245,776.00 | 214,106.00 | 278,440.00 | 282,192.00 |
| Cash and Short-Term Investments | 166,168.00 | 126,008.00 | 107,273.00 | 167,893.00 | 171,766.00 |
| Cash and Cash Equivalents | 132,370.00 | 92,091.00 | 60,093.00 | 54,944.00 | 60,662.00 |
| Short-Term Investments | 33,798.00 | 33,917.00 | 47,180.00 | 112,949.00 | 111,104.00 |
| Net Receivables | 43,606.00 | 53,327.00 | 47,487.00 | 50,172.00 | 48,199.00 |
| Inventory | 67,136.00 | 63,715.00 | 59,346.00 | 55,724.00 | 62,227.00 |
| Other Current Assets | 690.00 | 2,726.00 | 0.00 | 4,651.00 | 0.00 |
| Non-Current Assets | 196,185.00 | 200,483.00 | 189,075.00 | 121,545.00 | 143,322.00 |
| Property, Plant, Equipment Net | 24,992.00 | 24,566.00 | 24,227.00 | 24,134.00 | 30,667.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 61,039.00 | 0 |
| Long-Term Investments | 6,673.00 | 6,698.00 | 5,922.00 | 4,233.00 | 7,166.00 |
| Non-Current Deferred Assets | 27,485.00 | 31,200.00 | 18,390.00 | 30,544.00 | 36,752.00 |
| Other Non-Current Assets | 0 | 0 | 0 | 1,595.00 | 0 |
| Liabilities | 209,141.00 | 206,708.00 | 187,891.00 | 178,924.00 | 199,722.00 |
| Current Liabilities | 87,914.00 | 87,942.00 | 77,536.00 | 73,802.00 | 79,839.00 |
| Payables and Expenses | 78,221.00 | 78,382.00 | 68,748.00 | 66,611.00 | 72,638.00 |
| Account Payables | 78,221.00 | 78,382.00 | 68,748.00 | 10,103.00 | 72,638.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 53,224.00 | 0 |
| Short-Term Debt | 9,694.00 | 9,560.00 | 8,788.00 | 7,191.00 | 7,201.00 |
| Other Current Liabilities | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Current Liabilities | 121,227.00 | 118,766.00 | 110,355.00 | 105,122.00 | 119,883.00 |
| Long-Term Debt | 121,228.00 | 118,766.00 | 110,355.00 | 105,122.00 | 119,883.00 |
| Other Non-Current Liabilities | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity | 264,644.00 | 239,551.00 | 215,290.00 | 221,061.00 | 225,792.00 |
| Shareholders Equity | 264,644.00 | 239,551.00 | 213,998.00 | 221,061.00 | 225,792.00 |
| Capital Stock | 7,953.00 | 7,821.00 | 7,806.00 | 7,769.00 | 7,750.00 |
| Share Premium | 507,717.00 | 491,853.00 | 490,301.00 | 488,990.00 | 487,079.00 |
| Retained Earnings | -276,878.00 | -286,031.00 | -292,801.00 | -275,489.00 | -278,371.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 25,852.00 | 25,908.00 | 8,692.00 | -209.00 | 9,334.00 |
| Minority Interest | 0 | 0 | 1,292.00 | 0 | 0 |
| Debt | 130,922.00 | 128,326.00 | 119,143.00 | 112,313.00 | 127,084.00 |
| Net Debt | 0 | 4,282.00 | 28,311.00 | 27,455.00 | 34,756.00 |
| Common Shares Outstanding | 685,147.61 | 685,147.61 | 683,931.08 | 680,308.73 | 678,354.32 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Revenues | 97,287.00 | 93,221.00 | 79,094.00 | 92,672.00 | 74,849.00 | 0 |
| Cost Of Revenue | 7,071.00 | 8,972.00 | 8,323.00 | 12,213.00 | 6,819.00 | 0 |
| Interest Income | 485.00 | 659.00 | 604.00 | 1,098.00 | 825.00 | 0 |
| Interest Expense | 7,946.00 | 4.00 | 5,098.00 | 1,249.00 | 2,998.00 | 0 |
| Non-Interest Expense | 51,081.00 | 51,554.00 | 57,056.00 | -38,646.00 | 43,978.00 | 0 |
| Gross Profit | 90,216.00 | 84,249.00 | 70,771.00 | 80,459.00 | 68,030.00 | 0 |
| Operating Expenses | 74,465.00 | 75,249.00 | 78,198.00 | 66,765.00 | 64,699.00 | 0 |
| Selling, General and Administrative Expenses | 51,081.00 | 51,554.00 | 57,056.00 | -38,646.00 | 43,978.00 | 0 |
| Research and Development Expenses | 23,384.00 | 23,695.00 | 21,142.00 | 22,308.00 | 20,721.00 | 0 |
| Other Operating Expenses | 0 | 0 | 0 | 0 | -777.00 | -345.00 |
| Operating Income | 15,751.00 | 9,000.00 | -7,427.00 | 13,694.00 | 3,331.00 | 0 |
| Net Non-Operating Income | 71.00 | 1,849.00 | 383.00 | -1,963.00 | 777.00 | 0 |
| EBT | 12,758.00 | 7,079.00 | -11,788.00 | 6,678.00 | 1,514.00 | 0 |
| Income Tax | 5,209.00 | 2,529.00 | 3,100.00 | 3,819.00 | 2,548.00 | 0 |
| Net Income Including Non-Controlling Interests | 7,548.00 | 4,550.00 | -14,888.00 | 2,859.00 | -1,034.00 | 0 |
| Net Income Non-Controlling Interests | 0 | 144.00 | 169.00 | 0 | 0 | 0 |
| Net Income | 7,548.00 | 4,694.00 | -14,719.00 | 2,859.00 | -1,034.00 | 0 |
| EBIT | 20,704.00 | 7,083.00 | -6,690.00 | 7,927.00 | 4,512.00 | 0 |
| Deprecation and Amortization | 2,726.00 | 2,702.00 | 2,582.00 | 7,699.00 | 2,743.00 | 0 |
| EBITDA | 23,430.00 | 9,785.00 | -4,108.00 | 15,626.00 | 7,255.00 | 0 |
| EPS | 0 | 0 | -0.00 | 0 | -0.00 | -0.00 |
| Diluted EPS | 0 | 0 | -0.00 | 0 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 0 | 0 | 66,904.54 | 0 | 51,700.00 | 65,515.79 |
| Average Shares Outstanding Diluted | 0 | 0 | 66,904.54 | 0 | 51,700.00 | 65,515.79 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 32,026.00 | 11,743.00 | 232.00 | 9,331.00 | 9,742.00 |
| Operating Net Income | 12,758.00 | 7,079.00 | -11,788.00 | 6,678.00 | 1,514.00 |
| Deprecation and Amortization | 2,726.00 | 2,702.00 | 2,582.00 | 7,699.00 | 2,743.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 3,204.00 | 3,476.00 | 2,576.00 | 2,643.00 | 2,918.00 |
| Change in Working Capital | 11,041.00 | -1,390.00 | 1,419.00 | -7,085.00 | 7,346.00 |
| Other Operating Activities | 2,297.00 | -124.00 | 5,443.00 | -604.00 | -4,779.00 |
| Investing Cash Flow | -349.00 | 16,955.00 | 9,691.00 | -9,790.00 | 4,350.00 |
| Capital Expenditure | -70.00 | -128.00 | -282.00 | -130.00 | -366.00 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 23.00 | 17,101.00 | 67,866.00 | -9,654.00 | 4,716.00 |
| Net Purchase/Sale of Business | -302.00 | -18.00 | -57,887.00 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 9,933.00 | -2,757.00 | -6,719.00 | -2,204.00 | -1,433.00 |
| Net Issuance/Repayment of Debt | -1,096.00 | -1,066.00 | -715.00 | -1,516.00 | -1,190.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 11,029.00 | -1,691.00 | -6,004.00 | -688.00 | -243.00 |
| Net Change in Cash | 41,609.00 | 25,941.00 | 3,204.00 | -2,663.00 | 12,659.00 |
| Cash at Beginning of Period | 92,091.00 | 60,093.00 | 54,944.00 | 60,662.00 | 47,142.00 |
| Cash at End of Period | 132,370.00 | 92,091.00 | 60,093.00 | 54,944.00 | 60,662.00 |
| Free Cash Flow | 31,956.00 | 11,615.00 | -56.00 | 9,195.00 | 9,376.00 |