Valuation Ratios

Breakdown 2024-12-31 2023-12-31
Price to Earnings 3.42 -2.92
Price to Sales 0.30 0.27
Book Value Per Common Share 0.38 -8.89
Price to Book 42.47 -1.47
Price to Operating Cash Flow 6.28 1.71
Price to Free Cash Flow
Enterprise Value to EBITDA 4451.11 16919.32
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
Price to Earnings -4.72 -4.32 -6.93 7.43 21.85 38.49 14.96 9.60
Price to Sales 0.45 0.61 1.39 0.39 0.53 1.08 0.32 0.60
Book Value Per Common Share -6.36 -5.15 -3.32 -3.98 -5.65 -7.12 2.18 -1.79
Price to Book -2.38 -2.68 -4.80 -3.84 -2.36 -1.89 5.15 -7.70
Price to Operating Cash Flow 11.44 3.95 27.57 -5.39 -1.40 66.49 2.34 2.39
Price to Free Cash Flow
Enterprise Value to EBITDA 9391.27 13840.27 44828.24 6435.93 9715.76 19524.73 7619.76 12031.00

Earnings Data

Breakdown 2024-12-31 2023-12-31
Earning YoY
Revenue YoY 13.21
EBITDA YoY 375.50
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
Earning YoY 237.70 74.29 -53.33 -47.92
Revenue YoY 49.55 101.03 56.36 103.88 -65.42 49.77
EBITDA YoY 61.90 185.42 74.30 102.03 -54.24 25.88
Net Profit YoY 235.00 73.91 -62.90 -35.42

Financial Strength

Breakdown 2024-12-31 2023-12-31
Cash Per Common Share 15.02 15.06
Quick Ratio 1.91 1.03
Current Ratio 2.15 1.19
Debt to Equity 1.01 1.12
Long-Term Debt to Equity 0.90 0.91
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
Cash Per Common Share 9.40 12.25 13.45 11.26 6.60 15.46 14.04 21.90
Quick Ratio 1.47 1.45 1.64 1.43 1.33 1.10 1.70 1.83
Current Ratio 1.72 1.71 1.90 1.68 1.56 1.26 2.03 2.12
Debt to Equity 1.11 1.09 1.06 0.35 1.08 0.35 0.98 1.48
Long-Term Debt to Equity 0.97 0.94 0.93 0.26 0.95 0.23 0.87 1.33

Profitability

Breakdown 2024-12-31 2023-12-31
ROA 1.45 -1.16
ROE 2.92 -2.45
Gross Margin
Operating Margin 53.72 -0.67
EBITDA Margin 67.28 16.02
Net Profit Margin 8.74 -8.20
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
ROA -0.86 -0.70 -0.49 0.64 0.19 0.10 0.28 0.35
ROE -1.81 -1.46 -1.00 0.86 0.40 0.14 0.55 0.86
Gross Margin
Operating Margin 32.58 29.10 15.72 47.05 40.14 40.35 24.70 32.19
EBITDA Margin 47.54 43.91 30.93 61.32 55.01 55.51 41.94 49.90
Net Profit Margin -7.42 -9.17 -13.14 5.27 2.46 2.88 2.69 6.23

Dividends

Breakdown 2024-12-31 2023-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31
Assets 21,367,000.00 22,206,000.00
   Current Assets 2,533,000.00 2,560,000.00
      Cash and Short-Term Investments 988,000.00 981,000.00
            Cash and Cash Equivalents 988,000.00 981,000.00
            Short-Term Investments 0 0
      Net Receivables 1,255,000.00 1,230,000.00
      Inventory 0 0
      Other Current Assets 290,000.00 349,000.00
   Non-Current Assets 18,834,000.00 19,646,000.00
      Property, Plant, Equipment Net 1,536,000.00 1,571,000.00
      Goodwill 12,294,000.00 12,294,000.00
      Intangible Assets 3,574,000.00 4,311,000.00
      Long-Term Investments 48,000.00 128,000.00
      Non-Current Deferred Assets 0 0
      Other Non-Current Assets 1,382,000.00 1,342,000.00
Liabilities 10,758,000.00 11,709,000.00
   Current Liabilities 1,177,000.00 2,151,000.00
      Payables and Expenses 790,000.00 1,764,000.00
            Account Payables 11,000.00 12,000.00
            Current Accrued Liabilities 416,000.00 913,000.00
      Short-Term Debt 120,000.00 114,000.00
      Other Current Liabilities 267,000.00 273,000.00
   Non-Current Liabilities 9,581,000.00 9,558,000.00
      Long-Term Debt 8,452,000.00 8,579,000.00
      Other Non-Current Liabilities 1,129,000.00 979,000.00
Equity 10,609,000.00 10,497,000.00
   Shareholders Equity 25,000.00 -579,000.00
      Capital Stock 1,000.00 1,000.00
      Share Premium 570,000.00 517,000.00
      Retained Earnings -550,000.00 -1,099,000.00
      Treasury Shares 0 0
      Accumulated Other Comprehensive Income 2,000.00 1,000.00
   Minority Interest -135,000.00 -64,000.00
Investments 382,000.00 387,000.00
Debt 8,572,000.00 8,693,000.00
Net Debt 7,584,000.00 7,712,000.00
Common Shares Outstanding 0 0
Breakdown 2024-12-31 2023-12-31
Revenues 3,548,000.00 3,134,000.00
Operating Expenses 5,693,000.00 6,745,000.00
   Selling, General and Administrative Expenses 3,688,000.00 4,162,000.00
   Other Operating Expenses 2,005,000.00 2,583,000.00
Operating Income 2,218,000.00 -1,285,000.00
Net Non-Operating Income -1,528,000.00 44,000.00
Interest Expense 1,216,000.00 1,220,000.00
EBT 690,000.00 -1,241,000.00
Income Tax 136,000.00 717,000.00
Equity Method Investments Income 118,000.00 120,000.00
Net Income Including Non-Controlling Interests 554,000.00 -524,000.00
Net Income Non-Controlling Interests -244,000.00 267,000.00
Net Income 310,000.00 -257,000.00
EBIT 1,906,000.00 -21,000.00
Deprecation and Amortization 481,000.00 523,000.00
EBITDA 2,387,000.00 502,000.00
EPS 0.00 -0.00
Diluted EPS 0.00 -0.00
Average Shares Outstanding Basic 65,782.00 65,125.00
Average Shares Outstanding Diluted 66,096.00 65,125.00
Breakdown 2024-12-31 2023-12-31
Operating Cash Flow 169,000.00 495,000.00
   Operating Net Income 554,000.00 -524,000.00
   Deprecation and Amortization 481,000.00 523,000.00
   Deferred Income Tax 173,000.00 -717,000.00
   Share Based Compensation 100,000.00 45,000.00
   Change in Working Capital -1,043,000.00 1,019,000.00
   Other Operating Activities -96,000.00 149,000.00
Investing Cash Flow 39,000.00 136,000.00
   Capital Expenditure 0.00 0.00
   Net Purchase/Sale of PPE 164,000.00 183,000.00
   Net Purchase/Sale of Investments Net 289,000.00 519,000.00
   Net Purchase/Sale of Business 0 0
   Other Investing Activities -414,000.00 -566,000.00
Financing Cash Flow -201,000.00 -1,418,000.00
   Net Issuance/Repayment of Debt 61,000.00 85,000.00
   Net Issuance/Repurchase of Equity 0 153,000.00
   Dividends Paid 66,000.00 83,000.00
   Other Financing Activities -328,000.00 -1,739,000.00
Net Change in Cash 7,000.00 -787,000.00
   Cash at Beginning of Period 690,000.00 1,449,000.00
   Cash at End of Period 697,000.00 662,000.00
Free Cash Flow 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30
Assets 20,127,000.00 20,507,000.00 20,999,000.00 21,367,000.00 21,050,000.00 20,718,000.00 22,079,000.00 22,206,000.00 22,302,000.00 27,741,000.00
   Current Assets 2,183,000.00 2,401,000.00 2,553,000.00 2,533,000.00 2,299,000.00 2,030,000.00 2,575,000.00 2,560,000.00 2,503,000.00 3,666,000.00
      Cash and Short-Term Investments 648,000.00 840,000.00 908,000.00 988,000.00 738,000.00 430,000.00 992,000.00 981,000.00 922,000.00 1,464,000.00
            Cash and Cash Equivalents 648,000.00 840,000.00 908,000.00 988,000.00 738,000.00 430,000.00 992,000.00 981,000.00 922,000.00 1,464,000.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0
      Net Receivables 1,212,000.00 1,199,000.00 1,306,000.00 1,255,000.00 1,217,000.00 1,297,000.00 1,259,000.00 1,230,000.00 1,173,000.00 1,700,000.00
      Inventory 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 323,000.00 362,000.00 339,000.00 290,000.00 344,000.00 303,000.00 324,000.00 349,000.00 408,000.00 502,000.00
   Non-Current Assets 17,944,000.00 18,106,000.00 18,446,000.00 18,834,000.00 18,751,000.00 18,688,000.00 19,504,000.00 19,646,000.00 19,799,000.00 24,075,000.00
      Property, Plant, Equipment Net 1,548,000.00 898,000.00 1,470,000.00 1,536,000.00 1,558,000.00 1,562,000.00 1,715,000.00 1,571,000.00 1,690,000.00 2,380,000.00
      Goodwill 4,090,000.00 4,091,000.00 4,122,000.00 12,294,000.00 4,098,000.00 4,098,000.00 4,098,000.00 12,294,000.00 4,098,000.00 6,114,000.00
      Intangible Assets 1,377,000.00 1,342,000.00 1,412,000.00 3,574,000.00 1,544,000.00 1,614,000.00 1,690,000.00 4,311,000.00 1,844,000.00 3,476,000.00
      Long-Term Investments 31,000.00 32,000.00 33,000.00 48,000.00 82,000.00 86,000.00 113,000.00 128,000.00 129,000.00 130,000.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 10,898,000.00 11,743,000.00 11,409,000.00 1,382,000.00 11,469,000.00 11,328,000.00 11,888,000.00 1,342,000.00 12,038,000.00 11,975,000.00
Liabilities 10,577,000.00 10,682,000.00 10,829,000.00 10,758,000.00 5,436,000.00 10,777,000.00 5,769,000.00 11,709,000.00 11,034,000.00 16,568,000.00
   Current Liabilities 1,268,000.00 1,405,000.00 1,346,000.00 1,177,000.00 1,367,000.00 1,298,000.00 2,039,000.00 2,151,000.00 1,231,000.00 1,726,000.00
      Payables and Expenses 857,000.00 1,016,000.00 828,000.00 790,000.00 916,000.00 928,000.00 1,669,000.00 1,764,000.00 800,000.00 1,208,000.00
            Account Payables 0 0 0 11,000.00 0 0 0 12,000.00 0 0
            Current Accrued Liabilities 0 0 0 416,000.00 0 0 0 913,000.00 0 0
      Short-Term Debt 97,000.00 95,000.00 94,000.00 120,000.00 120,000.00 117,000.00 117,000.00 114,000.00 111,000.00 150,000.00
      Other Current Liabilities 314,000.00 294,000.00 424,000.00 267,000.00 331,000.00 253,000.00 253,000.00 273,000.00 320,000.00 368,000.00
   Non-Current Liabilities 9,309,000.00 9,277,000.00 9,483,000.00 9,581,000.00 4,069,000.00 9,479,000.00 3,730,000.00 9,558,000.00 9,803,000.00 14,842,000.00
      Long-Term Debt 8,395,000.00 8,413,000.00 8,594,000.00 8,452,000.00 8,466,000.00 8,493,000.00 8,518,000.00 8,579,000.00 8,567,000.00 12,827,000.00
      Other Non-Current Liabilities 914,000.00 864,000.00 889,000.00 1,129,000.00 -4,397,000.00 986,000.00 -4,788,000.00 979,000.00 1,236,000.00 2,015,000.00
Equity 9,550,000.00 9,825,000.00 10,170,000.00 10,609,000.00 15,614,000.00 9,941,000.00 16,310,000.00 10,497,000.00 11,268,000.00 11,173,000.00
   Shareholders Equity -438,000.00 -353,000.00 -224,000.00 25,000.00 -261,000.00 -368,000.00 -457,000.00 -579,000.00 143,000.00 -120,000.00
      Capital Stock 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
      Share Premium 608,000.00 603,000.00 597,000.00 570,000.00 565,000.00 560,000.00 554,000.00 517,000.00 514,000.00 510,000.00
      Retained Earnings -1,049,000.00 -959,000.00 -824,000.00 -550,000.00 -823,000.00 -941,000.00 -1,022,000.00 -1,099,000.00 -390,000.00 -234,000.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 1,000.00 1,000.00 1,000.00 2,000.00 -2,000.00 6,000.00 5,000.00 1,000.00 9,000.00 7,000.00
   Minority Interest -144,000.00 -137,000.00 -137,000.00 -135,000.00 -133,000.00 -131,000.00 -129,000.00 -64,000.00 -125,000.00 -183,000.00
Investments 330,000.00 298,000.00 314,000.00 382,000.00 349,000.00 328,000.00 368,000.00 387,000.00 373,000.00 397,000.00
Debt 8,492,000.00 8,508,000.00 8,688,000.00 8,572,000.00 8,586,000.00 8,610,000.00 8,635,000.00 8,693,000.00 8,678,000.00 12,977,000.00
Net Debt 7,844,000.00 7,668,000.00 7,780,000.00 7,584,000.00 7,848,000.00 8,180,000.00 7,643,000.00 7,712,000.00 7,756,000.00 11,513,000.00
Common Shares Outstanding 0 0 0 0 0 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
Revenues 2,333,000.00 1,560,000.00 776,000.00 -1,421,000.00 2,544,000.00 1,627,000.00 798,000.00 2,308,000.00 1,541,000.00
Operating Expenses 4,191,000.00 2,858,000.00 1,444,000.00 -2,910,000.00 4,281,000.00 2,880,000.00 1,442,000.00 4,397,000.00 4,505,000.00
   Selling, General and Administrative Expenses 2,628,000.00 1,770,000.00 902,000.00 354,000.00 1,638,000.00 1,119,000.00 577,000.00 1,720,000.00 1,228,000.00
   Other Operating Expenses 1,563,000.00 1,088,000.00 542,000.00 -3,264,000.00 2,643,000.00 1,761,000.00 865,000.00 2,677,000.00 3,277,000.00
Operating Income 364,000.00 150,000.00 52,000.00 434,000.00 1,170,000.00 448,000.00 166,000.00 248,000.00 111,000.00
Net Non-Operating Income -848,000.00 -600,000.00 -506,000.00 -84,000.00 -893,000.00 -403,000.00 -148,000.00 -586,000.00 -365,000.00
Interest Expense 1,244,000.00 904,000.00 576,000.00 -616,000.00 920,000.00 608,000.00 304,000.00 908,000.00 750,000.00
EBT -484,000.00 -450,000.00 -454,000.00 350,000.00 277,000.00 45,000.00 18,000.00 -338,000.00 -254,000.00
Income Tax 101,000.00 94,000.00 72,000.00 69,000.00 45,000.00 9,000.00 13,000.00 236,000.00 684,000.00
Equity Method Investments Income -18,000.00 -14,000.00 -12,000.00 -80,000.00 92,000.00 92,000.00 14,000.00 122,000.00 122,000.00
Net Income Including Non-Controlling Interests -184,000.00 -150,000.00 -105,000.00 237,000.00 232,000.00 54,000.00 31,000.00 134,000.00 294,000.00
Net Income Non-Controlling Interests 11,000.00 7,000.00 3,000.00 -124,000.00 -98,000.00 -14,000.00 -8,000.00 -72,000.00 -198,000.00
Net Income -173,000.00 -143,000.00 -102,000.00 113,000.00 134,000.00 40,000.00 23,000.00 62,000.00 96,000.00
EBIT 760,000.00 454,000.00 122,000.00 -266,000.00 1,197,000.00 653,000.00 322,000.00 570,000.00 496,000.00
Deprecation and Amortization 349,000.00 231,000.00 118,000.00 -245,000.00 363,000.00 242,000.00 121,000.00 398,000.00 273,000.00
EBITDA 1,109,000.00 685,000.00 240,000.00 -511,000.00 1,560,000.00 895,000.00 443,000.00 968,000.00 769,000.00
EPS -0.00 -0.00 -0.00 0.00 0.00 0.00 0.00 0.00 0.00
Diluted EPS -0.00 -0.00 -0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 68,921.00 68,545.00 67,489.00 68,230.00 65,570.00 65,172.00 64,156.00 65,670.00 66,862.00
Average Shares Outstanding Diluted 68,921.00 68,545.00 67,489.00 68,976.00 65,709.00 65,296.00 64,403.00 65,727.00 66,947.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30
Operating Cash Flow 91,000.00 240,000.00 39,000.00 964,000.00 -186,000.00 -622,000.00 13,000.00 315,000.00 386,000.00
   Operating Net Income -383,000.00 -356,000.00 -255,000.00 237,000.00 232,000.00 54,000.00 31,000.00 134,000.00 294,000.00
   Deprecation and Amortization 349,000.00 231,000.00 118,000.00 -245,000.00 363,000.00 242,000.00 121,000.00 398,000.00 273,000.00
   Deferred Income Tax -173,000.00 -247,000.00 -237,000.00 100,000.00 60,000.00 9,000.00 4,000.00 -237,000.00 -459,000.00
   Share Based Compensation 82,000.00 65,000.00 22,000.00 -110,000.00 87,000.00 71,000.00 52,000.00 76,000.00 70,000.00
   Change in Working Capital -15,000.00 242,000.00 309,000.00 571,000.00 -860,000.00 -728,000.00 -26,000.00 53,000.00 103,000.00
   Other Operating Activities 231,000.00 305,000.00 82,000.00 411,000.00 -68,000.00 -270,000.00 -169,000.00 -109,000.00 105,000.00
Investing Cash Flow -148,000.00 -99,000.00 -57,000.00 -178,000.00 66,000.00 92,000.00 59,000.00 199,000.00 389,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 109,000.00 33,000.00 31,000.00 16,000.00 61,000.00 44,000.00 43,000.00 141,000.00 122,000.00
   Net Purchase/Sale of Investments Net 40,000.00 34,000.00 15,000.00 -325,000.00 270,000.00 240,000.00 104,000.00 478,000.00 713,000.00
   Net Purchase/Sale of Business 25,000.00 25,000.00 55,000.00 0 0 0 0 0 0
   Other Investing Activities -322,000.00 -191,000.00 -158,000.00 131,000.00 -265,000.00 -192,000.00 -88,000.00 -420,000.00 -446,000.00
Financing Cash Flow -374,000.00 -289,000.00 -62,000.00 4,000.00 -123,000.00 -21,000.00 -61,000.00 -1,360,000.00 -1,963,000.00
   Net Issuance/Repayment of Debt 5,700,000.00 5,688,000.00 5,522,000.00 -119,000.00 103,000.00 43,000.00 34,000.00 76,000.00 112,000.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0 153,000.00 459,000.00
   Dividends Paid 52,000.00 34,000.00 17,000.00 -32,000.00 49,000.00 33,000.00 16,000.00 68,000.00 70,000.00
   Other Financing Activities -6,126,000.00 -6,011,000.00 -5,601,000.00 155,000.00 -275,000.00 -97,000.00 -111,000.00 -1,657,000.00 -2,604,000.00
Net Change in Cash -340,000.00 -148,000.00 -80,000.00 790,000.00 -243,000.00 -551,000.00 11,000.00 -846,000.00 -1,188,000.00
   Cash at Beginning of Period 866,000.00 764,000.00 711,000.00 -93,000.00 779,000.00 929,000.00 644,000.00 1,489,000.00 1,916,000.00
   Cash at End of Period 526,000.00 616,000.00 631,000.00 697,000.00 536,000.00 378,000.00 655,000.00 643,000.00 728,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0