SB
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 4.30 | 6.44 | 2.14 | 2.62 |
| Price to Sales | 1.25 | 1.57 | 1.00 | 1.30 |
| Book Value Per Common Share | 7.90 | 7.10 | 6.49 | 5.58 |
| Price to Book | 0.45 | 0.55 | 0.45 | 0.68 |
| Price to Operating Cash Flow | 2.94 | 3.65 | 1.61 | 1.97 |
| Price to Free Cash Flow | -26.82 | -5.14 | 10.10 | 3.97 |
| Enterprise Value to EBITDA | 20115.09 | 28085.61 | 14461.64 | 18995.64 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 29.60 | 73.80 | 22.31 | 23.55 | |
| Price to Sales | 6.22 | 5.63 | 6.02 | 5.31 | 7.28 |
| Book Value Per Common Share | 8.07 | 7.97 | 7.85 | 7.90 | 7.73 |
| Price to Book | 0.55 | 0.45 | 0.47 | 0.45 | 0.67 |
| Price to Operating Cash Flow | 22.61 | -12.39 | 12.97 | 12.89 | 22.30 |
| Price to Free Cash Flow | 22.61 | -12.39 | 12.97 | -3.29 | 22.30 |
| Enterprise Value to EBITDA | 179051.18 | 387272.33 | 265231.92 | 138130.75 | 168622.38 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | 36.07 | -55.15 | -5.56 | |
| Revenue YoY | 8.17 | -18.68 | 6.29 | |
| EBITDA YoY | 19.66 | -34.71 | -0.92 | |
| Net Profit YoY | 28.87 | -57.60 | 0.01 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | -68.75 | -27.27 | |||
| Revenue YoY | 11.15 | 2.17 | -9.99 | -5.84 | |
| EBITDA YoY | 166.03 | -34.87 | -46.18 | -17.04 | |
| Net Profit YoY | -69.79 | -24.92 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 1.17 | 0.77 | 0.94 | 0.90 |
| Quick Ratio | 1.62 | 1.74 | 1.32 | 1.25 |
| Current Ratio | 1.91 | 2.63 | 1.73 | 1.40 |
| Debt to Equity | 0.69 | 0.69 | 0.61 | 0.61 |
| Long-Term Debt to Equity | 0.58 | 0.62 | 0.50 | 0.48 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 1.13 | 1.15 | 1.14 | 1.18 | 0.80 |
| Quick Ratio | 1.62 | ||||
| Current Ratio | 2.72 | 1.70 | 1.74 | 1.91 | 1.34 |
| Debt to Equity | 0.66 | 0.73 | 0.67 | 0.69 | 0.63 |
| Long-Term Debt to Equity | 0.59 | 0.61 | 0.56 | 0.58 | 0.53 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 6.37 | 5.18 | 13.13 | 14.95 |
| ROE | 10.75 | 8.75 | 21.19 | 24.08 |
| Gross Margin | 45.56 | 41.98 | 60.05 | 59.22 |
| Operating Margin | 41.85 | 35.89 | 54.24 | 57.46 |
| EBITDA Margin | 60.75 | 54.92 | 68.40 | 73.38 |
| Net Profit Margin | 29.05 | 24.38 | 46.77 | 49.71 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 1.15 | -0.02 | 0.38 | 1.24 | 1.72 |
| ROE | 1.91 | -0.04 | 0.63 | 2.09 | 2.80 |
| Gross Margin | 39.40 | 27.66 | 33.53 | 45.97 | 44.41 |
| Operating Margin | 34.73 | 14.51 | 22.76 | 38.07 | 43.21 |
| EBITDA Margin | 34.73 | 14.51 | 22.76 | 38.07 | 43.21 |
| Net Profit Margin | 21.60 | -0.46 | 8.15 | 24.28 | 30.46 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 33.01 | 44.24 | 20.56 | 6.85 |
| 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 | 1,403,096.00 | 1,339,816.00 | 1,245,918.00 | 1,094,320.00 |
| Current Assets | 165,391.00 | 146,721.00 | 157,701.00 | 124,116.00 |
| Cash and Short-Term Investments | 125,422.00 | 87,922.00 | 113,377.00 | 102,084.00 |
| Cash and Cash Equivalents | 81,083.00 | 48,191.00 | 49,186.00 | 101,004.00 |
| Short-Term Investments | 44,339.00 | 39,731.00 | 64,191.00 | 1,080.00 |
| Net Receivables | 15,078.00 | 9,277.00 | 7,159.00 | 8,747.00 |
| Inventory | 14,883.00 | 16,652.00 | 17,323.00 | 8,653.00 |
| Other Current Assets | 10,008.00 | 32,870.00 | 19,842.00 | 4,632.00 |
| Non-Current Assets | 1,237,705.00 | 1,193,095.00 | 1,088,217.00 | 970,204.00 |
| Property, Plant, Equipment Net | 1,229,522.00 | 1,181,221.00 | 1,077,400.00 | 952,813.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 255.00 | 510.00 | 884.00 |
| Other Non-Current Assets | 8,183.00 | 11,619.00 | 10,307.00 | 16,507.00 |
| Liabilities | 571,478.00 | 547,305.00 | 474,002.00 | 415,080.00 |
| Current Liabilities | 86,472.00 | 55,733.00 | 91,317.00 | 88,692.00 |
| Payables and Expenses | 21,743.00 | 18,825.00 | 21,311.00 | 15,407.00 |
| Account Payables | 9,903.00 | 10,442.00 | 10,487.00 | 9,985.00 |
| Current Accrued Liabilities | 11,807.00 | 8,383.00 | 10,766.00 | 5,371.00 |
| Short-Term Debt | 58,191.00 | 24,781.00 | 43,556.00 | 61,857.00 |
| Other Current Liabilities | 6,538.00 | 12,127.00 | 26,450.00 | 11,428.00 |
| Non-Current Liabilities | 485,006.00 | 491,572.00 | 382,685.00 | 326,388.00 |
| Long-Term Debt | 478,450.00 | 482,391.00 | 370,806.00 | 315,796.00 |
| Other Non-Current Liabilities | 6,556.00 | 9,181.00 | 11,879.00 | 10,592.00 |
| Equity | 831,618.00 | 792,511.00 | 771,916.00 | 679,240.00 |
| Shareholders Equity | 831,618.00 | 792,511.00 | 771,916.00 | 679,240.00 |
| Capital Stock | 145.00 | 152.00 | 159.00 | 177.00 |
| Share Premium | 324,137.00 | 352,897.00 | 378,968.00 | 425,202.00 |
| Retained Earnings | 507,336.00 | 439,462.00 | 392,789.00 | 253,861.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 536,641.00 | 507,172.00 | 414,362.00 | 377,653.00 |
| Net Debt | 455,558.00 | 458,981.00 | 365,176.00 | 254,704.00 |
| Common Shares Outstanding | 105,289.00 | 111,607.83 | 118,868.32 | 121,640.84 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 307,633.00 | 284,401.00 | 349,718.00 | 329,031.00 |
| Cost Of Revenue | 167,464.00 | 164,996.00 | 139,698.00 | 134,166.00 |
| Interest Income | 3,396.00 | 2,497.00 | 783.00 | 69.00 |
| Interest Expense | 31,375.00 | 24,707.00 | 17,138.00 | 14,719.00 |
| Non-Interest Expense | 27,035.00 | 23,763.00 | 21,802.00 | 22,498.00 |
| Gross Profit | 140,169.00 | 119,405.00 | 210,020.00 | 194,865.00 |
| Operating Expenses | 28,297.00 | 25,632.00 | 25,372.00 | 22,498.00 |
| Selling, General and Administrative Expenses | 27,035.00 | 23,763.00 | 21,802.00 | 22,498.00 |
| Other Operating Expenses | 1,262.00 | 1,869.00 | 3,570.00 | 22,140.00 |
| Operating Income | 111,872.00 | 93,773.00 | 184,648.00 | 172,367.00 |
| EBT | 97,376.00 | 77,351.00 | 172,554.00 | 174,348.00 |
| Income Tax | 0 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | 97,376.00 | 77,351.00 | 172,554.00 | 174,348.00 |
| Net Income | 89,376.00 | 69,351.00 | 163,576.00 | 163,555.00 |
| EBIT | 128,751.00 | 102,058.00 | 189,692.00 | 189,067.00 |
| Deprecation and Amortization | 58,135.00 | 54,129.00 | 49,518.00 | 52,364.00 |
| EBITDA | 186,886.00 | 156,187.00 | 239,210.00 | 241,431.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 107,576.01 | 113,619.09 | 120,653.51 | 113,716.35 |
| Average Shares Outstanding Diluted | 107,576.01 | 113,619.09 | 120,653.51 | 113,716.35 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 130,458.00 | 122,207.00 | 218,046.00 | 217,208.00 |
| Operating Net Income | 97,376.00 | 77,351.00 | 172,554.00 | 174,348.00 |
| Deprecation and Amortization | 58,135.00 | 54,129.00 | 49,518.00 | 52,364.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 150.00 | 144.00 | 120.00 | 120.00 |
| Change in Working Capital | -9,980.00 | -4,070.00 | -9,074.00 | 6,701.00 |
| Other Operating Activities | -15,223.00 | -5,347.00 | 4,928.00 | -16,325.00 |
| Investing Cash Flow | -71,732.00 | -151,726.00 | -229,404.00 | 8,554.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -66,779.00 | -178,330.00 | -166,346.00 | -2,146.00 |
| Net Purchase/Sale of Investments Net | -4,953.00 | 26,604.00 | -63,058.00 | 10,700.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -25,858.00 | 29,141.00 | -40,101.00 | -225,906.00 |
| Net Issuance/Repayment of Debt | 36,160.00 | 89,974.00 | 46,302.00 | -265,732.00 |
| Net Issuance/Repurchase of Equity | -28,917.00 | -26,222.00 | -46,372.00 | 53,830.00 |
| Dividends Paid | -29,502.00 | -30,678.00 | -33,626.00 | -11,198.00 |
| Other Financing Activities | -3,599.00 | -3,933.00 | -6,405.00 | -2,806.00 |
| Net Change in Cash | 32,868.00 | -378.00 | -51,459.00 | -144.00 |
| Cash at Beginning of Period | 59,061.00 | 59,086.00 | 111,254.00 | 112,192.00 |
| Cash at End of Period | 91,558.00 | 59,061.00 | 59,086.00 | 111,254.00 |
| Free Cash Flow | -14,317.00 | -86,896.00 | 34,770.00 | 107,978.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 1,372,612.00 | 1,409,251.00 | 1,381,338.00 | 1,403,096.00 | 1,347,991.00 |
| Current Assets | 158,954.00 | 161,342.00 | 152,379.00 | 165,391.00 | 119,517.00 |
| Cash and Short-Term Investments | 115,246.00 | 117,428.00 | 120,214.00 | 125,422.00 | 85,292.00 |
| Cash and Cash Equivalents | 0 | 0 | 120,214.00 | 81,083.00 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 44,339.00 | 0 |
| Net Receivables | 0 | 0 | 0 | 15,078.00 | 0 |
| Inventory | 0 | 0 | 0 | 14,883.00 | 0 |
| Other Current Assets | 0 | 0 | 0 | 10,008.00 | 0 |
| Non-Current Assets | 1,213,658.00 | 1,247,909.00 | 1,228,959.00 | 1,237,705.00 | 1,228,474.00 |
| Property, Plant, Equipment Net | 1,198,121.00 | 1,231,244.00 | 1,219,322.00 | 1,229,522.00 | 1,218,695.00 |
| 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 | 0 | 0 | 0 | 8,183.00 | 0 |
| Liabilities | 546,331.00 | 593,675.00 | 554,526.00 | 571,478.00 | 522,629.00 |
| Current Liabilities | 58,526.00 | 94,840.00 | 87,501.00 | 86,472.00 | 89,019.00 |
| Payables and Expenses | 0 | 0 | 0 | 21,743.00 | 0 |
| Account Payables | 0 | 0 | 0 | 9,903.00 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 11,807.00 | 0 |
| Short-Term Debt | 34,500.00 | 61,948.00 | 59,510.00 | 58,191.00 | 60,213.00 |
| Other Current Liabilities | 0 | 0 | 0 | 6,538.00 | 0 |
| Non-Current Liabilities | 487,805.00 | 498,835.00 | 467,025.00 | 485,006.00 | 433,610.00 |
| Long-Term Debt | 481,776.00 | 490,638.00 | 460,210.00 | 478,450.00 | 429,561.00 |
| Other Non-Current Liabilities | 6,029.00 | 8,197.00 | 6,815.00 | 6,556.00 | 4,049.00 |
| Equity | 826,281.00 | 815,576.00 | 826,812.00 | 831,618.00 | 825,362.00 |
| Shareholders Equity | 826,281.00 | 815,576.00 | 826,812.00 | 831,618.00 | 825,362.00 |
| Capital Stock | 0 | 0 | 0 | 145.00 | 0 |
| Share Premium | 0 | 0 | 0 | 324,137.00 | 0 |
| Retained Earnings | 0 | 0 | 0 | 507,336.00 | 0 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 516,276.00 | 552,586.00 | 519,720.00 | 536,641.00 | 489,774.00 |
| Net Debt | 516,276.00 | 552,586.00 | 399,506.00 | 455,558.00 | 489,774.00 |
| Common Shares Outstanding | 102,328.40 | 102,320.10 | 105,269.71 | 105,289.00 | 106,777.69 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 73,076.00 | 65,745.00 | 64,348.00 | 71,492.00 | 75,923.00 |
| Cost Of Revenue | 44,284.00 | 47,557.00 | 42,775.00 | 38,624.00 | 42,209.00 |
| Interest Income | 1,151.00 | 1,106.00 | 1,226.00 | 1,027.00 | 725.00 |
| Interest Expense | 7,593.00 | 7,841.00 | 7,402.00 | 7,854.00 | 7,681.00 |
| Non-Interest Expense | 7,543.00 | 7,696.00 | 6,657.00 | 6,966.00 | 6,996.00 |
| Gross Profit | 28,792.00 | 18,188.00 | 21,573.00 | 32,868.00 | 33,714.00 |
| Operating Expenses | 7,543.00 | 7,696.00 | 6,657.00 | 8,228.00 | 6,996.00 |
| Selling, General and Administrative Expenses | 7,543.00 | 7,696.00 | 6,657.00 | 6,966.00 | 6,996.00 |
| Operating Income | 21,249.00 | 10,492.00 | 14,916.00 | 24,640.00 | 26,718.00 |
| EBT | 17,784.00 | 1,698.00 | 7,245.00 | 19,361.00 | 25,123.00 |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | 17,784.00 | 1,698.00 | 7,245.00 | 19,361.00 | 25,123.00 |
| Net Income | 15,784.00 | -302.00 | 5,245.00 | 17,361.00 | 23,123.00 |
| EBIT | 25,377.00 | 9,539.00 | 14,647.00 | 27,215.00 | 32,804.00 |
| EBITDA | 25,377.00 | 9,539.00 | 14,647.00 | 27,215.00 | 32,804.00 |
| EPS | 0.00 | 0 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 102,324.25 | 102,483.78 | 105,058.63 | 106,352.54 | 106,774.05 |
| Average Shares Outstanding Diluted | 102,324.25 | 102,483.78 | 105,058.63 | 106,352.54 | 106,774.05 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 20,100.00 | -29,851.00 | 29,900.00 | 29,458.00 | 24,800.00 |
| 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 | 20,100.00 | -29,851.00 | 29,900.00 | 29,458.00 | 24,800.00 |
| Investing Cash Flow | 37,800.00 | 44,176.10 | -44,200.00 | -44,132.00 | 7,200.00 |
| 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 | 37,800.00 | 44,176.10 | -44,200.00 | -44,132.00 | 7,200.00 |
| Financing Cash Flow | -43,800.00 | 34,075.70 | -34,100.00 | 40,642.00 | -13,800.00 |
| 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 | -43,800.00 | 34,075.70 | -34,100.00 | 40,642.00 | -13,800.00 |
| 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 | 20,100.00 | -29,851.00 | 29,900.00 | -115,317.00 | 24,800.00 |