Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 0.55 0.42 0.55 -1.92
Price to Sales 0.26 0.22 0.09 0.51
Book Value Per Common Share 22.14 18.99 37.18 257.78
Price to Book 0.08 0.12 0.10 0.22
Price to Operating Cash Flow 0.38 0.35 0.19 -5.97
Price to Free Cash Flow 1.84 0.42 -0.06 -3.80
Enterprise Value to EBITDA 3969.70 3006.70 3024.11
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 6.75 2.54 0.69 2.51 1.96
Price to Sales 1.27 1.20 0.93 1.07 1.02
Book Value Per Common Share 25.44 25.16 24.51 22.14 21.40
Price to Book 0.07 0.07 0.07 0.08 0.09
Price to Operating Cash Flow 1.74 1.92 1.92 1.45
Price to Free Cash Flow 1.74 1.92 -0.65 1.45
Enterprise Value to EBITDA 35565.45 23854.98 6749.44 24195.83 18505.37

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -37.57 -16.33
Revenue YoY -19.73 44.92 106.00
EBITDA YoY -37.17 89.00
Net Profit YoY -26.40 374.25
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -59.42 -70.39 214.86 -22.92
Revenue YoY 2.18 -14.95 -1.59 -5.30
EBITDA YoY -27.54 -69.05 208.31 -24.33
Net Profit YoY -59.91 -70.26 213.36 -22.66

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 5.69 6.41 20.93 28.57
Quick Ratio 5.12 4.92 1.83 0.88
Current Ratio 5.29 5.21 2.05 1.28
Debt to Equity 0.20 0.27 0.88 0.66
Long-Term Debt to Equity 0.15 0.20 0.71 0.49
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 17.07 7.78 8.71 5.66 5.59
Quick Ratio 7.26 5.12
Current Ratio 7.01 5.29
Debt to Equity 0.75 0.16 0.18 0.20 0.21
Long-Term Debt to Equity 0.75 0.16 0.18 0.15 0.21

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 12.68 19.21 4.10 -6.70
ROE 15.22 24.41 7.71 -11.11
Gross Margin 57.31 62.35 49.49 -6.82
Operating Margin 51.36 71.52 52.90 -23.32
EBITDA Margin 66.61 85.10 65.25 -2.84
Net Profit Margin 47.91 52.25 15.97 -26.60
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.62 2.37 8.08 2.80 3.73
ROE 1.09 2.75 9.51 3.36 4.49
Gross Margin 40.99 54.67 53.52 52.41 61.08
Operating Margin 35.64 50.26 138.11 44.08 55.18
EBITDA Margin 35.64 50.26 138.11 44.08 55.18
Net Profit Margin 18.63 47.49 135.80 42.65 52.22

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00 0.00
Dividend Payout Ratio 4.38 3.32 7.84
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 330,393.00 296,266.00 292,979.00 144,924.00
   Current Assets 78,652.00 79,914.00 53,463.00 19,426.00
      Cash and Short-Term Investments 70,314.00 67,267.00 38,726.00 9,573.00
            Cash and Cash Equivalents 70,314.00 67,267.00 38,726.00 9,573.00
            Short-Term Investments 0 0 0 0
      Net Receivables 5,810.00 8,280.00 9,110.00 3,792.00
      Inventory 549.00 2,203.00 3,037.00 4,286.00
      Other Current Assets 1,979.00 2,164.00 2,590.00 1,775.00
   Non-Current Assets 251,741.00 216,352.00 239,516.00 125,498.00
      Property, Plant, Equipment Net 248,129.00 213,554.00 236,842.00 123,271.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 2,386.00 1,798.00 1,098.00 1,408.00
      Other Non-Current Assets 1,226.00 1,000.00 1,576.00 819.00
Liabilities 55,150.00 63,082.00 137,274.00 57,575.00
   Current Liabilities 14,861.00 15,344.00 26,099.00 15,185.00
      Payables and Expenses 5,649.00 7,851.00 7,804.00 7,211.00
            Account Payables 2,214.00 4,630.00 4,580.00 5,742.00
            Current Accrued Liabilities 2,820.00 2,976.00 2,889.00 1,342.00
      Short-Term Debt 7,493.00 7,493.00 16,819.00 7,854.00
      Other Current Liabilities 1,719.00 0.00 1,476.00 120.00
   Non-Current Liabilities 40,289.00 47,738.00 111,175.00 42,390.00
      Long-Term Debt 40,016.00 47,492.00 111,019.00 42,128.00
      Other Non-Current Liabilities 273.00 246.00 156.00 262.00
Equity 275,243.00 233,184.00 155,705.00 87,349.00
   Shareholders Equity 275,243.00 233,184.00 155,705.00 87,349.00
      Capital Stock 139.00 138.00 57.00 3.00
      Share Premium 534,269.00 534,112.00 513,623.00 457,487.00
      Retained Earnings -259,218.00 -301,115.00 -358,041.00 -370,139.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 53.00 49.00 66.00 -2.00
   Minority Interest 0 0 0 0
Debt 47,509.00 54,985.00 127,838.00 49,982.00
Net Debt 0 0 88,949.00 40,325.00
Common Shares Outstanding 12,432.16 12,279.68 4,187.59 338.85
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 87,445.00 108,938.00 75,173.00 36,491.00
Cost Of Revenue 37,331.00 41,017.00 37,970.00 38,978.00
Interest Income 3,255.00 3,302.00 284.00 18.00
Interest Expense 1,179.00 8,499.00 3,468.00 1,596.00
Non-Interest Expense 8,306.00 8,042.00 6,751.00 5,782.00
Gross Profit 50,114.00 67,921.00 37,203.00 -2,487.00
Operating Expenses 8,299.00 8,005.00 6,784.00 5,942.00
   Selling, General and Administrative Expenses 8,306.00 8,042.00 6,751.00 5,782.00
   Other Operating Expenses 0 0 0 160.00
Operating Income 41,815.00 59,916.00 30,419.00 -8,429.00
EBT 43,730.00 69,413.00 36,300.00 -10,106.00
Income Tax 0 0 0 0
Net Income Including Non-Controlling Interests 43,730.00 69,413.00 36,300.00 -9,706.00
Net Income 41,897.00 56,924.00 12,003.00 -9,706.00
EBIT 44,909.00 77,912.00 39,768.00 -8,510.00
Deprecation and Amortization 13,336.00 14,793.00 9,281.00 7,472.00
EBITDA 58,245.00 92,705.00 49,049.00 -1,038.00
EPS 0.00 0.01 0.01 -0.03
Diluted EPS 0.00 0.00 0.00 -0.03
Average Shares Outstanding Basic 12,365.42 10,491.32 1,850.07 335.09
Average Shares Outstanding Diluted 39,201.86 35,539.67 6,447.71 335.09
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 59,896.00 67,955.00 33,847.00 -3,123.00
   Operating Net Income 43,730.00 69,413.00 36,300.00 -9,706.00
   Deprecation and Amortization 13,336.00 14,793.00 9,281.00 7,472.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 52.00 107.00 268.00
   Change in Working Capital 3,494.00 855.00 -1,917.00 323.00
   Other Operating Activities -664.00 -17,158.00 -9,924.00 -1,480.00
Investing Cash Flow -47,415.00 25,721.00 -112,950.00 -770.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -47,415.00 25,721.00 -112,950.00 -770.00
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0.00 0.00 0.00 0.00
Financing Cash Flow -9,434.00 -65,135.00 109,255.00 -7,911.00
   Net Issuance/Repayment of Debt -7,533.00 -73,280.00 83,236.00 -7,911.00
   Net Issuance/Repurchase of Equity 0 9,844.00 27,892.00 0
   Dividends Paid -1,833.00 -1,889.00 -941.00 0
   Other Financing Activities -68.00 190.00 -932.00 0.00
Net Change in Cash 3,047.00 28,541.00 30,152.00 -11,804.00
   Cash at Beginning of Period 68,267.00 39,726.00 9,574.00 21,378.00
   Cash at End of Period 71,314.00 68,267.00 39,726.00 9,574.00
Free Cash Flow 12,481.00 56,040.00 -111,729.00 -4,908.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Assets 554,313.00 363,800.00 358,760.00 330,393.00 320,829.00 0
   Current Assets 212,172.00 96,783.00 108,273.00 78,652.00 69,523.00 0
      Cash and Short-Term Investments 212,172.00 96,783.00 108,273.00 70,314.00 69,523.00 0
            Cash and Cash Equivalents 212,172.00 96,783.00 108,273.00 70,314.00 69,523.00 0
            Short-Term Investments 0 0 0 0 0 0
      Net Receivables 0 3,570.00 0 5,810.00 0 4,080.00
      Inventory 0 686.00 0 549.00 0 602.00
      Other Current Assets 0 -4,256.00 0 1,979.00 0 0
   Non-Current Assets 342,141.00 267,017.00 250,487.00 251,741.00 251,306.00 0
      Property, Plant, Equipment Net 333,913.00 258,418.00 241,140.00 248,129.00 243,601.00 0
      Goodwill 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0
      Non-Current Deferred Assets 0 1,919.00 0 2,386.00 0 1,556.00
      Other Non-Current Assets 0 6,680.00 0 1,226.00 0 0
Liabilities 238,030.00 50,971.00 54,090.00 55,150.00 54,836.00 0
   Current Liabilities 0 13,815.00 0 14,861.00 0 12,126.00
      Payables and Expenses 0 4,708.00 0 5,649.00 0 4,639.00
            Account Payables 0 2,792.00 0 2,214.00 0 2,350.00
            Current Accrued Liabilities 0 1,696.00 0 2,820.00 0 1,733.00
      Short-Term Debt 0 7,464.00 0 7,493.00 0 7,487.00
      Other Current Liabilities 0 1,643.00 0 1,719.00 0 0.00
   Non-Current Liabilities 238,030.00 50,971.00 54,090.00 40,289.00 54,836.00 0
      Long-Term Debt 225,296.00 43,739.00 45,600.00 40,016.00 49,317.00 0
      Other Non-Current Liabilities 12,734.00 7,232.00 8,490.00 273.00 5,519.00 0
Equity 316,283.00 312,829.00 304,670.00 275,243.00 265,993.00 0
   Shareholders Equity 316,283.00 312,829.00 304,670.00 275,243.00 265,993.00 0
      Capital Stock 0 139.00 0 139.00 0 139.00
      Share Premium 0 534,269.00 0 534,269.00 0 534,268.00
      Retained Earnings 0 -221,632.00 0 -259,218.00 0 -280,416.00
      Treasury Shares 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 53.00 0 53.00 0 49.00
   Minority Interest 0 0 0 0 0 0
Debt 225,296.00 43,739.00 45,600.00 47,509.00 49,317.00 0
Net Debt 13,124.00 0 0 0 0 0
Common Shares Outstanding 12,432.16 12,432.16 12,432.16 12,432.16 12,432.16 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 18,538.00 18,143.00 21,333.00 21,677.00 22,889.00
Cost Of Revenue 10,940.00 8,225.00 9,915.00 10,317.00 8,908.00
Interest Income 1,672.00 1,020.00 718.00 765.00 841.00
Interest Expense 2,695.00 44.00 35.00 -147.00 218.00
Non-Interest Expense 2,636.00 1,752.00 2,104.00 2,483.00 2,119.00
Gross Profit 7,598.00 9,918.00 11,418.00 11,360.00 13,981.00
Operating Expenses 2,636.00 1,749.00 2,134.00 2,483.00 2,119.00
   Selling, General and Administrative Expenses 2,636.00 1,752.00 2,104.00 2,483.00 2,119.00
Operating Income 4,962.00 8,169.00 9,284.00 8,877.00 11,862.00
EBT 3,912.00 9,074.00 29,427.00 9,703.00 12,411.00
Income Tax 0 0 0 0 0
Net Income Including Non-Controlling Interests 3,912.00 9,074.00 29,427.00 9,703.00 12,411.00
Net Income 3,454.00 8,616.00 28,970.00 9,245.00 11,953.00
EBIT 6,607.00 9,118.00 29,462.00 9,556.00 12,629.00
EBITDA 6,607.00 9,118.00 29,462.00 9,556.00 12,629.00
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 12,432.16 12,432.16 12,432.16 12,432.16 12,432.16
Average Shares Outstanding Diluted 39,003.35 38,667.58 38,675.53 39,037.45 39,218.18
Breakdown 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30
Operating Cash Flow 13,494.00 11,309.00 12,055.00 16,148.00 14,353.00
   Operating Net Income 0 0 0 0 0
   Deprecation and Amortization 0 0 0 0 0
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital 0 0 0 0 0
   Other Operating Activities 13,494.00 11,309.00 12,055.00 16,148.00 14,353.00
Investing Cash Flow -78,864.00 -20,001.00 -7,697.00 -7,028.00 -10,175.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE 0 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -78,864.00 -20,001.00 -7,697.00 -7,028.00 -10,175.00
Financing Cash Flow 180,759.00 -2,798.00 -2,567.00 -2,341.00 -2,184.00
   Net Issuance/Repayment of Debt 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 180,759.00 -2,798.00 -2,567.00 -2,341.00 -2,184.00
Net Change in Cash 0 0 0 0 0
   Cash at Beginning of Period 0 0 0 0 0
   Cash at End of Period 0 0 0 0 0
Free Cash Flow 13,494.00 11,309.00 -35,360.00 16,148.00 14,353.00