Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 6.99 7.00 3.49 66.76
Price to Sales 1.63 1.48 1.24 1.93
Book Value Per Common Share 118.78 88.43 73.83 49.74
Price to Book 1.85 1.20 1.18 1.41
Price to Operating Cash Flow 3.34 1.80 5.12 4.88
Price to Free Cash Flow 9.90 17.70
Enterprise Value to EBITDA 25405.68 29689.04 18915.54 42350.69
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31
Price to Earnings 26.06 75.45 42.20 10.91 15.99 113.00
Price to Sales 6.16 5.82 7.71 3.61 4.21 7.07
Book Value Per Common Share 130.16 123.98 121.11 118.78 118.03 94.64 88.43 74.36
Price to Book 1.28 1.18 1.88 1.85 1.17 1.06 1.20 1.14
Price to Operating Cash Flow 5.04 -29.23 10.10 4.75 4.19 5.23
Price to Free Cash Flow 17.93 -106.14 -99.65
Enterprise Value to EBITDA 98395.61 94392.34 121550.48 50948.87 72141.00

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 106.91 -39.02 2272.38
Revenue YoY 79.05 -3.13 89.21
EBITDA YoY 126.49 -25.32 164.76
Net Profit YoY 97.15 -42.25 2219.54
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31
Earning YoY 230.41 -64.07 415284.62 13.99 736.00
Revenue YoY 6.82 -16.47 -60.94 89.80
EBITDA YoY 8.60 -19.09 -58.29
Net Profit YoY 227.23 -64.66 -58.50 702.77

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.45 5.98 13.58 5.19
Quick Ratio 0.54 0.48 0.95 1.13
Current Ratio 0.57 0.49 1.76 1.17
Debt to Equity 0.60 0.79 0.76 1.13
Long-Term Debt to Equity 0.36 0.39 0.47 0.91
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31
Cash Per Common Share 2.24 1.42 1.24 1.49 0.91 0.97 6.08 7.27
Quick Ratio 0.50 0.57 0.46 0.54 0.53 0.35 0.48 0.56
Current Ratio 0.53 0.60 0.49 0.57 0.54 0.36 0.49 0.94
Debt to Equity 0.55 0.67 0.66 0.60 0.70 0.96 0.79 0.72
Long-Term Debt to Equity 0.34 0.40 0.38 0.36 0.36 0.44 0.39 0.40

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 17.07 9.74 19.69 0.99
ROE 27.30 17.46 34.67 2.12
Gross Margin 96.17 91.16 44.34 17.34
Operating Margin 29.93 25.77 43.69 9.18
EBITDA Margin 62.10 49.09 63.68 45.51
Net Profit Margin 23.30 21.16 35.50 2.90
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31
ROA 3.18 0.94 2.69 6.39 3.40 0.59
ROE 4.94 1.57 4.46 10.83 6.68 1.01
Gross Margin 35.11 18.76 96.29 44.71 93.48 86.02
Operating Margin 30.85 11.69 22.72 42.72 33.86 8.68
EBITDA Margin 62.43 61.40 63.39 70.07 57.87
Net Profit Margin 23.65 7.72 18.25 33.11 26.33 6.23

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 2024-03-31 2023-12-31 2023-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 324,622.00 288,568.00 247,137.00 210,914.00 0
   Current Assets 28,270.00 31,776.00 72,165.00 25,328.00 0
      Cash and Short-Term Investments 2,549.00 11,061.00 26,543.00 10,347.00 0
            Cash and Cash Equivalents 2,549.00 11,061.00 26,543.00 10,347.00 0
            Short-Term Investments 0 0 0 0 0
      Net Receivables 24,338.00 20,301.00 12,535.00 14,208.00 0
      Inventory 0 0 0 0 0
      Other Current Assets 1,383.00 414.00 33,087.00 773.00 0
   Non-Current Assets 296,352.00 256,792.00 174,972.00 185,586.00 0
      Property, Plant, Equipment Net 1,931.00 3,240.00 173,987.00 184,663.00 0
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 294,421.00 253,552.00 985.00 923.00 0
Liabilities 121,697.00 127,618.00 106,784.00 111,823.00 0
   Current Liabilities 49,655.00 64,809.00 40,957.00 21,720.00 0
      Payables and Expenses 49,421.00 64,037.00 27,458.00 11,236.00 0
            Account Payables 16,329.00 15,424.00 11,451.00 7,282.00 0
            Current Accrued Liabilities 33,092.00 48,613.00 6,655.00 3,009.00 0
      Short-Term Debt 132.00 0 0 0 487.00
      Other Current Liabilities 102.00 772.00 0 0 0
   Non-Current Liabilities 72,042.00 62,809.00 65,827.00 90,103.00 0
      Long-Term Debt 4,000.00 0 11,000.00 36,000.00 38,267.00
      Other Non-Current Liabilities 68,042.00 0 54,827.00 54,103.00 0
Equity 202,925.00 160,950.00 140,353.00 99,091.00 0
   Shareholders Equity 202,925.00 160,950.00 140,353.00 99,091.00 0
      Capital Stock 281.00 281.00 281.00 281.00 0
      Share Premium 7,555.00 7,555.00 7,555.00 7,555.00 0
      Retained Earnings 261,073.00 205,669.00 177,566.00 128,902.00 0
      Treasury Shares -65,984.00 -52,555.00 45,049.00 37,647.00 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 874.00
Debt 4,838.00 866.00 11,000.00 36,000.00 0
Net Debt 2,289.00 0 0 25,653.00 37,758.00
Common Shares Outstanding 1,708.47 1,820.10 1,901.00 1,992.08 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 237,796.00 132,810.00 137,096.00 72,458.00
Cost Of Revenue 9,112.00 11,744.00 76,311.00 59,896.00
Interest Income 0 0 267.00 0
Interest Expense 0.00 0.00 909.00 2,007.00
Net Interest 1,546.00 535.00 0 0
Non-Interest Expense 0 0 20,233.00 9,084.00
Gross Profit 228,684.00 121,066.00 60,785.00 12,562.00
Operating Expenses 0 0 20,900.00 9,084.00
   Selling, General and Administrative Expenses 18,883.00 15,645.00 20,233.00 9,084.00
   Other Operating Expenses 0 0 667.00 0
Operating Income 0 0 39,885.00 3,478.00
EBT 71,173.00 34,222.00 58,993.00 4,642.00
Income Tax 15,769.00 6,119.00 10,329.00 2,516.00
Net Income Including Non-Controlling Interests 55,404.00 28,103.00 48,664.00 2,126.00
Net Income Non-Controlling Interests 0.00 0.00 0 -28.00
Net Income 55,404.00 28,103.00 48,664.00 2,098.00
EBIT 71,173.00 34,222.00 59,902.00 6,649.00
Deprecation and Amortization 76,496.00 30,976.00 27,401.00 26,325.00
EBITDA 147,669.00 65,198.00 87,303.00 32,974.00
EPS 0.03 0.02 0.02 0.00
Diluted EPS 0.02 0.01 0.02 0.00
Average Shares Outstanding Basic 1,762.64 1,849.78 1,953.92 1,992.08
Average Shares Outstanding Diluted 2,523.58 2,608.79 2,711.17 2,744.16
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 115,909.00 109,015.00 33,127.00 28,617.00
   Operating Net Income 55,404.00 28,103.00 48,664.00 2,126.00
   Deprecation and Amortization 76,496.00 30,976.00 27,401.00 26,325.00
   Deferred Income Tax 6,169.00 7,268.00 1,225.00 2,376.00
   Share Based Compensation 0 0 0 0
   Change in Working Capital -18,869.00 51,012.00 -8,436.00 -3,953.00
   Other Operating Activities -3,291.00 -8,344.00 -35,727.00 1,743.00
Investing Cash Flow -114,992.00 -105,697.00 15,471.00 -19,248.00
   Capital Expenditure 0.00 0.00 -15,974.00 -20,726.00
   Net Purchase/Sale of PPE 4,247.00 8,082.00 31,445.00 1,478.00
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 37.05 0 0
   Other Investing Activities -119,239.00 -113,816.05 0.00 0.00
Financing Cash Flow -9,429.00 -18,800.00 -32,402.00 -18.00
   Net Issuance/Repayment of Debt 4,000.00 -11,294.00 -25,000.00 1,000.00
   Net Issuance/Repurchase of Equity 13,429.00 7,506.00 -7,402.00 -145.00
   Dividends Paid 0 0 0 0
   Other Financing Activities -26,858.00 -15,012.00 0.00 -873.00
Net Change in Cash -8,512.00 -15,482.00 16,196.00 9,351.00
   Cash at Beginning of Period 11,061.00 26,543.00 10,347.00 996.00
   Cash at End of Period 2,549.00 11,061.00 26,543.00 10,347.00
Free Cash Flow 0 0 17,153.00 7,891.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31
Assets 332,018.00 343,026.00 339,333.00 324,622.00 345,588.00 332,896.00 288,568.00 239,340.00
   Current Assets 24,036.00 33,242.00 27,956.00 28,270.00 37,024.00 32,113.00 31,776.00 41,424.00
      Cash and Short-Term Investments 3,689.00 2,364.00 2,099.00 2,549.00 1,582.00 1,750.00 11,061.00 13,723.00
            Cash and Cash Equivalents 3,689.00 2,364.00 2,099.00 2,549.00 1,582.00 1,750.00 11,061.00 13,723.00
            Short-Term Investments 0 0 0 0 0 0 0 0
      Net Receivables 19,095.00 28,919.00 24,431.00 24,338.00 34,304.00 29,534.00 20,301.00 11,151.00
      Inventory 0 0 0 0 0 0 0 0
      Other Current Assets 1,252.00 1,959.00 1,426.00 1,383.00 1,138.00 829.00 414.00 16,550.00
   Non-Current Assets 307,982.00 309,784.00 311,377.00 296,352.00 308,564.00 300,783.00 256,792.00 197,916.00
      Property, Plant, Equipment Net 307,027.00 308,628.00 1,834.00 1,931.00 307,861.00 3,314.00 3,240.00 201,111.00
      Goodwill 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0
      Other Non-Current Assets 955.00 1,156.00 309,543.00 294,421.00 703.00 297,469.00 253,552.00 -3,195.00
Liabilities 118,233.00 137,777.00 134,369.00 121,697.00 141,750.00 163,476.00 127,618.00 100,325.00
   Current Liabilities 45,269.00 55,310.00 57,515.00 49,655.00 68,025.00 88,476.00 64,809.00 44,242.00
      Payables and Expenses 37,000.00 45,242.00 32,669.00 49,421.00 56,965.00 25,349.00 64,037.00 42,070.00
            Account Payables 27,114.00 7,797.00 14,386.00 16,329.00 42,177.00 11,595.00 15,424.00 15,935.00
            Current Accrued Liabilities 7,110.00 34,295.00 18,283.00 33,092.00 7,514.00 13,754.00 48,613.00 26,135.00
      Short-Term Debt 2,200.00 4,033.00 730.00 132.00 4,540.00 692.00 0 0
      Other Current Liabilities 6,069.00 6,035.00 24,116.00 102.00 6,520.00 62,435.00 772.00 2,172.00
   Non-Current Liabilities 72,964.00 82,467.00 76,854.00 72,042.00 73,725.00 75,000.00 62,809.00 56,083.00
      Long-Term Debt 0 12,000.00 6,500.00 4,000.00 3,000.00 4,000.00 0 0
      Other Non-Current Liabilities 0 70,467.00 70,354.00 68,042.00 70,725.00 71,000.00 0 0
Equity 213,785.00 205,249.00 204,964.00 202,925.00 203,838.00 169,420.00 160,950.00 139,015.00
   Shareholders Equity 213,785.00 205,249.00 204,964.00 202,925.00 203,838.00 169,420.00 160,950.00 139,015.00
      Capital Stock 281.00 281.00 281.00 281.00 281.00 281.00 281.00 281.00
      Share Premium 7,555.00 7,555.00 7,555.00 7,555.00 7,555.00 7,555.00 7,555.00 7,555.00
      Retained Earnings 283,998.00 273,435.00 270,207.00 261,073.00 258,796.00 216,988.00 205,669.00 178,976.00
      Treasury Shares 78,049.00 76,022.00 -73,079.00 -65,984.00 62,794.00 -55,404.00 -52,555.00 47,797.00
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0
Debt 2,200.00 16,033.00 7,587.00 4,838.00 7,540.00 4,828.00 866.00 1,988.00
Net Debt 0 9,636.00 5,488.00 2,289.00 1,418.00 3,078.00 0 0
Common Shares Outstanding 1,642.50 1,655.50 0 1,708.47 1,726.97 1,790.24 1,820.10 1,869.56
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-03-31
Revenues 44,664.00 41,813.00 50,056.00 128,141.00 66,665.00 0 42,990.00 22,650.00
Cost Of Revenue 28,984.00 33,970.00 1,859.00 -30,551.00 36,862.00 0 2,801.00 3,167.00
Interest Income 1,306.00 170.00 0 0 15.00 0 11,534.00 0
Interest Expense 482.00 710.00 0.00 -629.00 414.00 0 215.00 182.00
Net Interest 0 0 590.00 -9,773.00 0 0 11,319.00 -182.00
Non-Interest Expense 3,039.00 2,971.00 0 0 3,943.00 0 0 0
Gross Profit 15,680.00 7,843.00 48,197.00 158,692.00 29,803.00 0 40,189.00 19,483.00
Operating Expenses 3,205.00 3,123.00 0 0 4,115.00 0 0 17,630.00
   Selling, General and Administrative Expenses 3,039.00 2,971.00 2,903.00 14,736.00 3,943.00 0 204.00 11,076.00
   Other Operating Expenses 166.00 152.00 0 0 172.00 0 0 6,554.00
Operating Income 12,475.00 4,720.00 0 0 25,688.00 0 0 1,853.00
Net Non-Operating Income 0 0 0 0 0 0 0 -68.00
EBT 13,299.00 4,180.00 11,373.00 28,766.00 28,064.00 0 14,343.00 1,785.00
Income Tax 2,736.00 952.00 2,239.00 6,757.00 5,988.00 0 3,024.00 375.00
Net Income Including Non-Controlling Interests 10,563.00 3,228.00 9,134.00 33,328.00 22,076.00 0 0 1,410.00
Net Income Non-Controlling Interests 0 0 0.00 0.00 0 0 0 0.00
Net Income 10,563.00 3,228.00 9,134.00 22,009.00 22,076.00 0 11,319.00 1,410.00
EBIT 13,781.00 4,890.00 11,373.00 28,137.00 28,478.00 0 14,558.00 1,967.00
Deprecation and Amortization 14,101.00 20,783.00 20,358.00 47,945.00 18,231.00 0 10,320.00 0.00
EBITDA 27,882.00 25,673.00 31,731.00 76,082.00 46,709.00 0 24,878.00 0
EPS 0.01 0.00 0.01 0.00 0.01 0.01 0.01 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00
Average Shares Outstanding Basic 1,648.41 1,661.92 1,692.44 1,715.57 1,747.73 1,780.59 1,806.69 1,888.89
Average Shares Outstanding Diluted 2,410.88 2,424.72 2,456.00 2,479.42 2,508.63 2,540.32 2,565.95 2,647.22
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-03-31
Operating Cash Flow 54,679.00 -8,323.00 38,186.00 50,750.00 43,201.00 30,637.00
   Operating Net Income 10,563.00 3,228.00 9,134.00 22,076.00 11,319.00 1,410.00
   Deprecation and Amortization 14,101.00 20,783.00 20,358.00 18,231.00 10,320.00 0
   Deferred Income Tax 2,800.00 1,106.00 1,999.00 2,997.00 8,287.00 419.00
   Share Based Compensation 0 0 0 0 0 0
   Change in Working Capital 27,049.00 -33,592.00 -9,305.00 10,049.00 -15,110.00 23,234.00
   Other Operating Activities 166.00 152.00 16,000.00 -2,603.00 28,385.00 5,574.00
Investing Cash Flow -39,327.00 6,031.00 -34,041.00 -49,650.00 -53,663.00 -29,709.00
   Capital Expenditure -39,327.00 6,031.00 0.00 -53,167.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 619.00 3,517.00 431.00 440.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0
   Other Investing Activities 0.00 0.00 -34,660.00 0.00 -54,094.00 -30,149.00
Financing Cash Flow -14,027.00 2,557.00 -4,595.00 -1,533.00 1,151.00 -13,748.00
   Net Issuance/Repayment of Debt -12,000.00 5,500.00 2,500.00 3,000.00 4,000.00 -11,000.00
   Net Issuance/Repurchase of Equity -2,027.00 -2,943.00 7,095.00 -4,533.00 2,849.00 2,748.00
   Dividends Paid 0 0 0 0 0 0
   Other Financing Activities 0.00 0.00 -14,190.00 0.00 -5,698.00 -5,496.00
Net Change in Cash 1,325.00 265.00 -450.00 -433.00 -9,311.00 -12,820.00
   Cash at Beginning of Period 2,364.00 2,099.00 2,549.00 2,015.00 11,061.00 26,543.00
   Cash at End of Period 3,689.00 2,364.00 2,099.00 1,582.00 1,750.00 13,723.00
Free Cash Flow 15,352.00 -2,292.00 0 -2,417.00 0 0