Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -2.60 -16.87 -2.62
Price to Sales 2.81 13.00 8.24 0.67
Book Value Per Common Share 1.61 0.27 13.18
Price to Book 1.62 18.13 0.77
Price to Operating Cash Flow 20.35 -66.73 -40.92 -48.66
Price to Free Cash Flow 20.51 -65.56 -12.41
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2023-03-31 2022-12-31 2022-03-31
Price to Earnings -1.05 -7.70 -11.18 -9.06 -245.75 -299.10
Price to Sales 16.51 6.80 10.66 13.11 7.68 41.51 31.20
Book Value Per Common Share -0.08 1.38 1.50 1.61 2.13 0.27
Price to Book -22.21 0.61 0.82 1.62 0.72 18.13
Price to Operating Cash Flow 18.27 -3.67 -25.84 21.46 11.83 712.32 -70.16
Price to Free Cash Flow 18.27 -3.67 -25.68 21.03 11.83 744.70 -68.55
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -75.18 -39.41 18.50
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2023-03-31 2022-12-31 2022-03-31
Earning YoY
Revenue YoY -14.92 7.93 -41.69 -1.35 -28.76
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.03 0.01 0.00 0.30
Quick Ratio 0.34 0.20 0.16 0.39
Current Ratio 0.54 0.65 0.71 0.79
Debt to Equity 1.17 1.19 0.50 0.68
Long-Term Debt to Equity 0.04 0.21 0.01 0.01
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2023-03-31 2022-12-31 2022-03-31
Cash Per Common Share 0.01 0.06 0.16 0.03 0.03 0.01 0.00 0.00 0.03
Quick Ratio 0.32 0.23 0.23 0.34 0.34 0.20 0.17 0.16 0.13
Current Ratio 0.56 0.58 0.55 0.54 0.59 0.65 0.70 0.71 0.78
Debt to Equity -22.44 1.79 1.38 1.17 1.70 1.19 0.57 0.50 0.70
Long-Term Debt to Equity -0.73 0.04 0.04 0.04 0.28 0.21 0.01 0.01 0.01

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -28.84 -48.89 -42.50 -11.32
ROE -62.67 -107.22 -63.59 -19.00
Gross Margin 11.32 5.28 9.72 10.18
Operating Margin -109.76 -74.89 -33.46 -24.59
EBITDA Margin -94.47 -66.72 -30.15 -18.10
Net Profit Margin -108.90 -76.86 -57.66 -25.79
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2023-03-31 2022-12-31 2022-03-31
ROA -98.82 -2.75 -3.05 -13.15 -2.83 -2.07 -1.43
ROE 2118.17 -7.68 -7.27 -28.58 -7.64 -3.24 -2.43
Gross Margin 3.67 0.94 6.53 14.95 6.57 2.89 9.71
Operating Margin -435.69 -76.08 -85.38 -244.50 -21.13 -13.67 -9.78
EBITDA Margin -428.43 -48.52 -55.61 -244.50 -17.21 -6.89 -3.55
Net Profit Margin -1574.36 -85.29 -94.83 -231.89 -81.14 -15.06 -10.53

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 2023-12-31 2023-03-31 2022-12-31 2022-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 25,416.98 42,630.00 60,720.39 86,015.58
   Current Assets 7,191.37 12,510.48 13,834.97 27,303.57
      Cash and Short-Term Investments 193.92 436.38 93.49 750.66
            Cash and Cash Equivalents 193.92 436.38 93.49 750.66
            Short-Term Investments 0 0 0 0
      Net Receivables 4,279.88 3,476.05 2,996.64 12,674.64
      Inventory 851.74 1,953.06 4,153.68 7,816.43
      Other Current Assets 1,865.83 6,644.98 6,591.17 6,061.83
   Non-Current Assets 18,225.61 30,119.52 46,885.41 58,712.02
      Property, Plant, Equipment Net 11,059.19 20,302.79 22,602.38 23,546.12
      Real Estate 0 0 0 7,770.94
      Goodwill 4,724.70 4,724.70 4,724.70 18,180.53
      Intangible Assets 819.07 2,834.10 3,070.17 4,199.65
      Long-Term Investments 1,622.65 2,257.93 16,488.16 3,842.72
      Non-Current Deferred Assets 0 0 0 1,172.05
      Other Non-Current Assets 0 0.00 0.00 0.00
Liabilities 13,723.12 23,189.78 20,133.89 34,759.23
   Current Liabilities 13,312.12 19,185.70 19,572.96 34,378.89
      Payables and Expenses 11,302.38 3,598.25 3,528.06 20,856.82
            Account Payables 3,177.19 3,598.25 3,528.06 6,237.81
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 1,641.50 0 3,589.58 7,258.24
      Other Current Liabilities 368.23 15,587.45 12,455.33 6,263.82
   Non-Current Liabilities 411.00 4,004.09 560.92 380.35
      Long-Term Debt 411.00 0 0 380.35
      Other Non-Current Liabilities 0.00 0 0 0.00
Equity 11,693.86 19,440.21 40,586.50 51,256.35
   Shareholders Equity 11,693.86 19,440.21 0 46,906.48
      Capital Stock 7.28 72.08 72.08 35.58
      Share Premium 155,767.77 155,702.98 155,702.98 133,232.22
      Retained Earnings -148,053.65 -140,724.60 -119,880.80 -94,072.38
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 3,972.46 4,389.75 4,692.24 7,711.06
   Minority Interest 0 0 0 4,349.87
Investments 0 2,257.93 16,488.16 0
Debt 2,052.50 3,812.11 3,876.75 7,638.59
Net Debt 1,858.58 3,375.72 3,783.26 6,451.74
Common Shares Outstanding 7,282.71 72,081.93 72,081.93 3,558.19
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 6,729.94 27,120.24 44,756.83 37,767.96
Cost Of Revenue 5,968.35 25,687.60 40,405.00 33,921.71
Interest Income 0.40 498.50 0 1.46
Interest Expense 70.54 497.31 291.03 646.57
Net Interest 0 1.20 0 0
Non-Interest Expense 7,368.70 0 0 9,274.22
Gross Profit 761.59 1,432.64 4,351.83 3,846.26
Operating Expenses 7,425.78 10,204.97 9,625.28 10,082.60
   Selling, General and Administrative Expenses 7,368.70 9,935.46 9,222.55 9,274.22
   Research and Development Expenses 57.08 269.51 402.73 808.38
   Other Operating Expenses 0 0.00 0.00 0
Operating Income -6,664.19 -8,772.33 -5,273.45 -6,236.35
Net Non-Operating Income -722.86 -12,036.16 -9,994.53 210.24
EBT -7,457.19 -20,808.49 -15,267.98 -9,934.65
Income Tax 0 35.30 1,475.17 56.45
Equity Method Investments Income 0 10,848.63 0 0
Net Income Including Non-Controlling Interests -7,329.06 -20,843.80 -25,961.44 -9,991.10
Net Income Non-Controlling Interests 0 0.00 153.02 250.62
Net Income -7,329.06 -20,843.80 -25,808.42 -9,740.49
EBIT -7,386.65 -20,311.19 -14,976.94 -9,288.08
Deprecation and Amortization 1,028.95 2,216.00 1,483.36 2,453.25
EBITDA -6,357.70 -18,095.19 -13,493.58 -6,834.83
EPS -0.00 -0.00 0 -0.00
Diluted EPS -0.00 -0.00 0 -0.00
Average Shares Outstanding Basic 7,282.71 72,081.93 59,502.48 2,477.86
Average Shares Outstanding Diluted 7,282.71 72,081.93 59,502.48 2,477.86
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 928.64 -5,282.34 -9,012.42 -519.40
   Operating Net Income -7,457.19 -20,843.80 -25,808.42 -9,991.10
   Deprecation and Amortization 1,028.95 2,216.00 1,483.36 2,453.25
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 0 1,159.76
   Change in Working Capital 3,401.77 2,361.62 -3,196.09 2,633.61
   Other Operating Activities 0 10,983.83 18,508.72 3,225.08
Investing Cash Flow -5.42 2,670.28 -3,853.68 -11,814.40
   Capital Expenditure 0 -97.58 0.00 0
   Net Purchase/Sale of PPE -5.42 -97.58 0 -1,393.14
   Net Purchase/Sale of Investments Net 0 0 0 -3,100.05
   Net Purchase/Sale of Business 0 2,767.86 246.32 482.76
   Other Investing Activities 0 97.58 -4,100.00 -7,803.97
Financing Cash Flow -972.11 2,888.22 10,840.80 8,931.71
   Net Issuance/Repayment of Debt 2,082.06 0 -3,232.47 -1,989.45
   Net Issuance/Repurchase of Equity 0 0 11,100.00 10,921.16
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 2,888.22 2,973.27 0.00
Net Change in Cash -48.88 276.17 -2,025.31 -3,402.09
   Cash at Beginning of Period 237.21 160.22 2,118.79 3,415.75
   Cash at End of Period 195.15 436.38 93.49 1,131.41
Free Cash Flow 921.14 -5,379.92 0 -2,036.87
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-12-31 2023-03-31 2022-12-31 2022-03-31
Assets 12,293.67 28,143.23 26,117.10 25,416.98 41,910.55 42,630.00 62,095.57 60,720.39 88,140.81
   Current Assets 6,908.49 10,165.64 8,060.56 7,191.37 13,118.76 12,510.48 15,377.50 13,834.97 27,944.23
      Cash and Short-Term Investments 63.45 455.80 1,145.56 193.92 226.52 436.38 224.22 93.49 1,313.00
            Cash and Cash Equivalents 63.45 455.80 1,145.56 193.92 226.52 436.38 224.22 93.49 1,313.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0
      Net Receivables 3,879.48 3,540.09 2,227.66 4,279.88 7,246.33 3,476.05 3,568.56 2,996.64 3,348.20
      Inventory 931.54 1,153.67 989.67 851.74 1,487.63 1,953.06 3,957.32 4,153.68 8,041.58
      Other Current Assets 2,034.01 5,016.09 3,697.67 1,865.83 4,158.29 6,644.98 7,627.41 6,591.17 15,241.45
   Non-Current Assets 5,385.18 17,977.59 18,056.54 18,225.61 28,791.80 30,119.52 46,718.06 46,885.41 60,196.58
      Property, Plant, Equipment Net 4,646.76 10,832.08 10,908.94 11,059.19 19,065.56 20,302.79 22,404.18 22,602.38 22,982.02
      Goodwill 0 4,724.70 4,724.70 4,724.70 4,724.70 4,724.70 4,724.70 4,724.70 18,180.53
      Intangible Assets 738.42 767.41 790.72 819.07 2,722.67 2,834.10 3,062.21 3,070.17 4,160.86
      Long-Term Investments 0 1,653.39 1,632.18 1,622.65 2,278.87 2,257.93 16,526.98 16,488.16 3,150.50
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 1,177.13
      Other Non-Current Assets 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10,545.54
Liabilities 12,867.20 18,073.19 15,162.42 13,723.12 26,403.80 23,189.78 22,462.83 20,133.89 36,229.74
   Current Liabilities 12,445.79 17,654.40 14,749.01 13,312.12 22,056.87 19,185.70 21,914.43 19,572.96 35,867.41
      Payables and Expenses 7,582.20 10,416.11 9,398.35 11,302.38 17,680.89 3,598.25 3,825.12 3,528.06 6,285.73
            Account Payables 2,646.57 2,157.94 2,090.94 3,177.19 3,826.36 3,598.25 3,825.12 3,528.06 6,285.73
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0
      Short-Term Debt 4,612.60 4,584.45 2,754.67 1,641.50 1,751.04 0 3,638.11 3,589.58 6,713.01
      Other Current Liabilities 250.99 2,653.84 2,595.99 368.23 2,624.94 15,587.45 14,451.20 12,455.33 22,868.67
   Non-Current Liabilities 421.41 418.78 413.41 411.00 4,346.93 4,004.09 548.40 560.92 362.33
      Long-Term Debt 421.41 418.78 413.41 411.00 4,232.22 0 0 0 0
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 114.71 0 0 0 0
Equity -573.53 10,070.04 10,954.68 11,693.86 15,506.75 19,440.21 39,632.74 40,586.50 51,911.07
   Shareholders Equity -573.53 10,070.04 10,954.68 11,693.86 15,506.75 19,440.21 0 0 0
      Capital Stock 7.28 7.28 7.28 7.28 7.28 72.08 72.08 72.08 42.58
      Share Premium 158,566.27 155,767.77 155,767.77 155,767.77 155,767.77 155,702.98 155,702.98 155,702.98 137,324.48
      Retained Earnings -161,772.43 -149,624.14 -148,850.55 -148,053.65 -144,711.50 -140,724.60 -121,166.17 -119,880.80 -95,302.16
      Treasury Shares 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 2,625.34 3,919.12 4,030.18 3,972.46 4,443.20 4,389.75 5,023.85 4,692.24 7,872.12
   Minority Interest 0 0 0 0 0 0 0 0 1,974.04
Investments 0 0 0 0 0 2,257.93 16,526.98 16,488.16 10,955.10
Debt 5,034.01 5,003.24 3,168.08 2,052.50 5,983.25 3,812.11 3,929.16 3,876.75 7,075.34
Net Debt 4,970.56 4,547.44 2,022.52 1,858.58 5,756.74 3,375.72 3,704.94 3,783.26 5,762.34
Common Shares Outstanding 7,282.71 7,282.71 7,282.71 7,282.71 7,282.71 72,081.93 72,081.93 72,081.93 42,581.93
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2023-03-31 2022-03-31
Revenues 771.64 907.00 840.33 1,441.27 1,460.94 0 8,534.29 11,979.35
Cost Of Revenue 743.34 898.44 785.48 1,225.86 1,365.02 0 8,287.87 10,816.40
Interest Income 0.03 0.07 0.03 -0.02 0.10 0 0 0
Interest Expense 48.46 37.16 22.51 -408.72 20.52 0 71.47 0.00
Non-Interest Expense 3,367.43 676.69 755.34 3,688.19 487.28 0 0 0
Gross Profit 28.29 8.56 54.85 215.41 95.93 0 246.43 1,162.96
Operating Expenses 3,384.85 696.82 771.68 3,635.49 501.17 0 1,406.34 2,262.98
   Selling, General and Administrative Expenses 3,367.43 676.69 755.34 3,688.19 487.28 0 1,337.62 2,254.05
   Research and Development Expenses 17.42 20.13 16.34 -52.70 13.88 0 68.72 8.93
   Other Operating Expenses 0 0 0 0 0 0 0.00 0.00
Operating Income -3,356.56 -688.27 -716.83 -3,420.08 -405.24 0 -1,159.91 -1,100.02
Net Non-Operating Income -5.43 -1.87 -0.69 -103.79 96.42 0 -77.83 -72.02
EBT -3,410.42 -727.23 -739.99 -3,115.18 -329.24 0 -1,237.75 -1,172.04
Income Tax 11.29 0 0 0 0 0 0.00 89.40
Net Income Including Non-Controlling Interests -12,148.29 -773.58 -796.90 -3,342.15 -1,185.41 0 -1,285.37 -1,293.10
Net Income Non-Controlling Interests 0 0 0 0 0 0 0.00 31.66
Net Income -12,148.29 -773.58 -796.90 -3,342.15 -1,185.41 0 -1,285.37 -1,261.44
EBIT -3,361.96 -690.06 -717.48 -3,523.90 -308.72 0 -1,166.28 -1,172.04
Deprecation and Amortization 56.06 250.02 250.21 -514.18 57.33 0 578.37 747.17
EBITDA -3,305.91 -440.05 -467.27 -3,523.90 -251.39 0 -587.91 -424.86
EPS -0.00 -0.00 -0.00 0 -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0 -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 7,282.71 7,282.71 7,282.71 0 7,282.71 7,282.71 72,081.93 41,648.60
Average Shares Outstanding Diluted 7,282.71 7,282.71 7,282.71 0 7,282.71 7,282.71 72,081.93 41,648.60
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-03-31 2022-03-31
Operating Cash Flow 697.49 -1,679.97 -346.70 880.18 948.04 497.73 -5,325.71
   Operating Net Income -3,230.87 -727.23 -739.99 -3,115.18 -90.70 -1,285.37 -1,261.44
   Deprecation and Amortization 56.06 250.02 250.21 -514.18 57.33 578.37 747.17
   Deferred Income Tax 0 0 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0 0 0
   Change in Working Capital 1,073.66 -1,222.65 130.98 778.82 1,045.85 619.59 -3,828.97
   Other Operating Activities 2,798.64 19.89 12.10 3,730.72 -64.43 585.15 -982.47
Investing Cash Flow -0.01 -0.01 -2.46 14.90 -0.05 -23.23 -148.08
   Capital Expenditure 0 0 0 0 0 -23.23 -124.68
   Net Purchase/Sale of PPE -0.01 -0.01 -2.46 14.90 -0.05 -23.23 -124.68
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 -23.40
   Net Purchase/Sale of Business 0 0 0 0 166.07 0 0
   Other Investing Activities 0 0 0 0.00 -166.07 23.23 124.68
Financing Cash Flow -1,300.40 1,205.97 1,296.24 -867.48 -1,185.68 -238.29 5,545.32
   Net Issuance/Repayment of Debt 12.39 1,775.02 1,101.09 -0.27 277.50 0 -127.01
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 7,000.00
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities -1,312.79 -569.05 195.15 -867.20 -1,463.19 -238.29 -1,327.67
Net Change in Cash -602.92 -474.00 947.09 27.60 -237.69 236.20 71.53
   Cash at Beginning of Period 456.10 1,146.80 195.15 227.49 540.43 -11.98 1,241.47
   Cash at End of Period 63.75 456.10 1,146.80 195.15 210.96 224.22 1,313.00
Free Cash Flow 697.48 -1,679.97 -349.15 898.69 947.99 474.50 -5,450.39