Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 21.73 23.08 14.48 20.16
Price to Sales 2.73 2.99 2.99 3.20
Book Value Per Common Share 61.83 59.17 59.31 54.83
Price to Book 0.78 0.84 0.82 0.91
Price to Operating Cash Flow 13.29 12.14 11.52 11.93
Price to Free Cash Flow 20.51 16.93 14.40 14.80
Enterprise Value to EBITDA 54800.80 54636.14 45198.41 54388.47
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30
Price to Earnings 41.04 72.97 178.63
Price to Sales 8.73 5.48 12.90 15.85
Book Value Per Common Share 60.15 57.52 60.79 61.83 58.10
Price to Book 0.78 0.84 0.91 0.78 0.84
Price to Operating Cash Flow 30.66 40.22 65.39 45.47
Price to Free Cash Flow 22.24 1400.29 65.39 -110.17
Enterprise Value to EBITDA 136946.95 311269.47 243968.03 1073920.47

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 3.02 -35.58 34.61
Revenue YoY 6.41 2.61 3.54
EBITDA YoY -3.13 -15.69 17.09
Net Profit YoY 2.96 -35.49 34.52
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30
Earning YoY 181.48 -76.00
Revenue YoY 22.68 1.22 38.99 -41.20
EBITDA YoY 122.23 -31.81 392.01 -86.17
Net Profit YoY -28.88 110.47 275.15 -82.27

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 3.17 3.59 5.35 4.45
Quick Ratio 0.64 0.83 1.01 0.98
Current Ratio 1.46 1.27 1.42 1.44
Debt to Equity 0.71 0.70 0.69 0.74
Long-Term Debt to Equity 0.33 0.38 0.37 0.43
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30
Cash Per Common Share 3.66 12.62 3.24 3.16 5.43
Quick Ratio 0.29 0.81 0.26 0.64 0.52
Current Ratio 1.06 1.27 1.37 1.46 1.00
Debt to Equity 0.77 0.78 0.77 0.71 0.78
Long-Term Debt to Equity 0.33 0.36 0.34 0.33 0.37

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 4.19 4.27 6.61 5.18
ROE 7.14 7.26 11.14 9.01
Gross Margin 70.18 69.66 70.71 68.72
Operating Margin 16.82 16.73 25.65 20.90
EBITDA Margin 24.91 27.37 33.31 29.45
Net Profit Margin 12.55 12.98 20.64 15.89
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30
ROA 2.16 3.15 1.42 0.38
ROE 3.81 5.61 2.52 0.64
Gross Margin 74.09 72.13 72.76 70.24
Operating Margin 28.38 14.08 22.36 4.64
EBITDA Margin 31.88 17.60 26.12 7.38
Net Profit Margin 21.28 36.70 17.65 6.54

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 84.60 82.48 49.79 64.41
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 132,798,000.00 126,464,000.00 126,722,000.00 120,242,000.00
   Current Assets 42,588,000.00 30,670,000.00 34,110,000.00 30,653,000.00
      Cash and Short-Term Investments 7,927,000.00 8,980,000.00 13,399,000.00 11,152,000.00
            Cash and Cash Equivalents 7,441,000.00 8,710,000.00 12,736,000.00 10,098,000.00
            Short-Term Investments 486,000.00 270,000.00 663,000.00 1,054,000.00
      Net Receivables 10,629,000.00 11,040,000.00 10,746,000.00 9,787,000.00
      Inventory 9,431,000.00 9,666,000.00 8,960,000.00 8,715,000.00
      Other Current Assets 14,601,000.00 984,000.00 1,005,000.00 999,000.00
   Non-Current Assets 90,210,000.00 95,794,000.00 92,611,000.00 89,589,000.00
      Property, Plant, Equipment Net 11,601,000.00 11,814,000.00 11,684,000.00 11,976,000.00
      Goodwill 43,384,000.00 49,404,000.00 49,892,000.00 48,056,000.00
      Intangible Assets 22,629,000.00 24,319,000.00 21,640,000.00 21,407,000.00
      Long-Term Investments 3,259,000.00 2,666,000.00 2,765,000.00 2,422,000.00
      Non-Current Deferred Assets 7,967,000.00 6,427,000.00 5,381,000.00 4,598,000.00
      Other Non-Current Assets 1,370,000.00 1,164,000.00 1,249,000.00 1,130,000.00
Liabilities 54,941,000.00 52,111,000.00 51,570,000.00 51,211,000.00
   Current Liabilities 29,162,000.00 24,207,000.00 23,974,000.00 21,295,000.00
      Payables and Expenses 9,563,000.00 9,265,000.00 8,521,000.00 7,476,000.00
            Account Payables 7,551,000.00 7,328,000.00 6,813,000.00 6,180,000.00
            Current Accrued Liabilities 0 0 0 0
      Short-Term Debt 4,470,000.00 2,320,000.00 4,451,000.00 3,452,000.00
      Other Current Liabilities 15,129,000.00 12,622,000.00 11,002,000.00 10,367,000.00
   Non-Current Liabilities 25,779,000.00 27,904,000.00 27,596,000.00 29,916,000.00
      Long-Term Debt 13,436,000.00 16,102,000.00 16,761,000.00 18,962,000.00
      Other Non-Current Liabilities 12,343,000.00 11,802,000.00 10,835,000.00 10,954,000.00
Equity 77,857,000.00 74,353,000.00 75,152,000.00 69,031,000.00
   Shareholders Equity 77,507,000.00 74,040,000.00 74,784,000.00 68,681,000.00
      Capital Stock 2,526,000.00 2,530,000.00 2,522,000.00 2,527,000.00
      Share Premium 0 313,000.00 125,000.00 532,000.00
      Retained Earnings 0 0 0 0
      Treasury Shares 840,000.00 1,184,000.00 706,000.00 939,000.00
      Accumulated Other Comprehensive Income 70,561,000.00 67,437,000.00 68,185,000.00 62,156,000.00
   Minority Interest 350,000.00 313,000.00 368,000.00 350,000.00
Debt 17,906,000.00 18,422,000.00 21,212,000.00 22,414,000.00
Net Debt 8,559,000.00 7,682,000.00 6,295,000.00 10,208,000.00
Common Shares Outstanding 1,253,591.64 1,251,349.58 1,260,835.73 1,252,540.70
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 44,286,000.00 41,618,000.00 40,561,000.00 39,175,000.00
Cost Of Revenue 13,205,000.00 12,628,000.00 11,882,000.00 12,255,000.00
Interest Income 413,000.00 527,000.00 239,000.00 3,000.00
Interest Expense 749,000.00 710,000.00 465,000.00 389,000.00
Non-Interest Expense 9,183,000.00 8,933,000.00 8,739,000.00 9,555,000.00
Gross Profit 31,081,000.00 28,990,000.00 28,679,000.00 26,920,000.00
Operating Expenses 21,619,000.00 19,815,000.00 17,753,000.00 17,773,000.00
   Selling, General and Administrative Expenses 9,183,000.00 8,933,000.00 8,739,000.00 9,555,000.00
   Research and Development Expenses 7,394,000.00 6,507,000.00 6,501,000.00 5,692,000.00
   Other Operating Expenses 3,293,000.00 2,464,000.00 709,000.00 946,000.00
Operating Income 9,462,000.00 9,175,000.00 10,926,000.00 9,147,000.00
Net Non-Operating Income 0 0 -370,000.00 -5,000.00
EBT 6,698,000.00 6,251,000.00 9,937,000.00 7,798,000.00
Income Tax 1,204,000.00 1,017,000.00 1,909,000.00 1,558,000.00
Net Income Including Non-Controlling Interests 5,618,000.00 5,436,000.00 8,484,000.00 6,279,000.00
Net Income Non-Controlling Interests -58,000.00 -36,000.00 -113,000.00 -56,000.00
Net Income 5,560,000.00 5,400,000.00 8,371,000.00 6,223,000.00
EBIT 7,447,000.00 6,961,000.00 10,402,000.00 8,187,000.00
Deprecation and Amortization 3,586,000.00 4,429,000.00 3,108,000.00 3,351,000.00
EBITDA 11,033,000.00 11,390,000.00 13,510,000.00 11,538,000.00
EPS 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 2,502,800.00 2,503,400.00 2,503,800.00 2,505,000.00
Average Shares Outstanding Diluted 2,512,200.00 2,512,800.00 2,513,800.00 2,515,800.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 9,081,000.00 10,258,000.00 10,526,000.00 10,522,000.00
   Operating Net Income 5,496,000.00 5,062,000.00 7,970,000.00 6,223,000.00
   Deprecation and Amortization 3,586,000.00 4,429,000.00 3,108,000.00 3,351,000.00
   Deferred Income Tax -802,000.00 -1,233,000.00 -529,000.00 -356,000.00
   Share Based Compensation 0 0 0 0
   Change in Working Capital -615,000.00 413,000.00 -794,000.00 1,409,000.00
   Other Operating Activities 1,416,000.00 1,587,000.00 771,000.00 -105,000.00
Investing Cash Flow -4,407,000.00 -6,200,000.00 -2,075,000.00 -7,298,000.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -1,734,000.00 -2,099,000.00 -763,000.00 -1,367,000.00
   Net Purchase/Sale of Investments Net 0 -134,000.00 -488,000.00 -311,000.00
   Net Purchase/Sale of Business -2,524,000.00 -2,627,000.00 -1,340,000.00 -5,552,000.00
   Other Investing Activities 0 0 0 0
Financing Cash Flow -5,763,000.00 -8,052,000.00 -5,821,000.00 -7,056,000.00
   Net Issuance/Repayment of Debt -894,000.00 -3,137,000.00 -1,233,000.00 -2,804,000.00
   Net Issuance/Repurchase of Equity -115,000.00 -398,000.00 -309,000.00 -196,000.00
   Dividends Paid -4,704,000.00 -4,454,000.00 -4,168,000.00 -4,008,000.00
   Other Financing Activities -50,000.00 -63,000.00 -111,000.00 -48,000.00
Net Change in Cash -1,256,000.00 -3,994,000.00 2,630,000.00 -3,832,000.00
   Cash at Beginning of Period 8,710,000.00 12,736,000.00 10,098,000.00 13,915,000.00
   Cash at End of Period 7,441,000.00 8,710,000.00 12,736,000.00 10,098,000.00
Free Cash Flow 5,886,000.00 7,352,000.00 8,423,000.00 8,479,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30
Assets 129,794,000.00 124,959,000.00 131,892,000.00 132,798,000.00 129,755,000.00
   Current Assets 34,042,000.00 37,017,000.00 44,019,000.00 42,588,000.00 30,081,000.00
      Cash and Short-Term Investments 8,906,000.00 15,359,000.00 7,991,000.00 7,927,000.00 6,795,000.00
            Cash and Cash Equivalents 8,906,000.00 15,359,000.00 7,991,000.00 7,441,000.00 6,795,000.00
            Short-Term Investments 0 0 0 486,000.00 0
      Net Receivables 497,000.00 8,207,000.00 447,000.00 10,629,000.00 8,805,000.00
      Inventory 24,501,000.00 9,618,000.00 21,850,000.00 9,431,000.00 10,609,000.00
      Other Current Assets 138,000.00 3,833,000.00 13,731,000.00 14,601,000.00 3,872,000.00
   Non-Current Assets 95,752,000.00 87,942,000.00 87,873,000.00 90,210,000.00 99,674,000.00
      Property, Plant, Equipment Net 11,181,000.00 11,007,000.00 11,352,000.00 11,601,000.00 11,880,000.00
      Goodwill 0 40,283,000.00 0 43,384,000.00 50,080,000.00
      Intangible Assets 0 20,431,000.00 0 22,629,000.00 26,653,000.00
      Long-Term Investments 0 6,995,000.00 0 3,259,000.00 2,640,000.00
      Non-Current Deferred Assets 0 8,008,000.00 0 7,967,000.00 7,284,000.00
      Other Non-Current Assets 0 1,218,000.00 0 1,370,000.00 1,137,000.00
Liabilities 56,261,000.00 54,680,000.00 57,474,000.00 54,941,000.00 56,758,000.00
   Current Liabilities 32,105,000.00 29,059,000.00 32,221,000.00 29,162,000.00 30,027,000.00
      Payables and Expenses 23,614,000.00 7,799,000.00 22,399,000.00 9,563,000.00 7,565,000.00
            Account Payables 22,000,000.00 7,075,000.00 21,616,000.00 7,551,000.00 7,433,000.00
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 8,489,000.00 7,561,000.00 7,636,000.00 4,470,000.00 9,515,000.00
      Other Current Liabilities 2,000.00 13,699,000.00 2,186,000.00 15,129,000.00 12,947,000.00
   Non-Current Liabilities 24,156,000.00 25,621,000.00 25,253,000.00 25,779,000.00 26,731,000.00
      Long-Term Debt 13,266,000.00 14,724,000.00 13,411,000.00 13,436,000.00 14,236,000.00
      Other Non-Current Liabilities 10,890,000.00 10,897,000.00 11,842,000.00 12,343,000.00 12,495,000.00
Equity 73,533,000.00 70,279,000.00 74,418,000.00 77,857,000.00 72,997,000.00
   Shareholders Equity 73,263,000.00 70,008,000.00 74,074,000.00 77,507,000.00 72,690,000.00
      Capital Stock 0 2,456,000.00 0 2,526,000.00 2,533,000.00
      Share Premium 0 11,000.00 0 0 317,000.00
      Retained Earnings 0 0 0 0 0
      Treasury Shares 0 975,000.00 0 840,000.00 1,371,000.00
      Accumulated Other Comprehensive Income 0 63,086,000.00 0 70,561,000.00 66,090,000.00
   Minority Interest 270,000.00 271,000.00 344,000.00 350,000.00 307,000.00
Debt 21,755,000.00 22,285,000.00 21,047,000.00 17,906,000.00 23,751,000.00
Net Debt 10,996,000.00 5,150,000.00 11,147,000.00 8,559,000.00 14,944,000.00
Common Shares Outstanding 1,217,988.22 1,217,100.21 1,218,496.91 1,253,591.64 1,251,029.11
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31
Revenues 13,170,000.00 10,735,000.00 10,606,000.00 7,631,000.00 12,977,000.00 0
Cost Of Revenue 3,412,000.00 2,992,000.00 2,889,000.00 2,271,000.00 3,663,000.00 0
Interest Income 114,000.00 76,000.00 86,000.00 -1,000.00 131,000.00 0
Interest Expense 227,000.00 87,000.00 213,000.00 -102,000.00 255,000.00 0
Non-Interest Expense 2,291,000.00 2,630,000.00 2,222,000.00 1,242,000.00 2,232,000.00 0
Gross Profit 9,758,000.00 7,743,000.00 7,717,000.00 5,360,000.00 9,314,000.00 0
Operating Expenses 5,973,000.00 6,031,000.00 5,256,000.00 4,499,000.00 5,428,000.00 0
   Selling, General and Administrative Expenses 2,291,000.00 2,630,000.00 2,222,000.00 1,242,000.00 2,232,000.00 0
   Research and Development Expenses 1,834,000.00 1,909,000.00 1,808,000.00 2,119,000.00 1,802,000.00 0
   Other Operating Expenses 1,387,000.00 1,114,000.00 827,000.00 929,000.00 993,000.00 0
Operating Income 3,785,000.00 1,712,000.00 2,461,000.00 861,000.00 3,886,000.00 0
Net Non-Operating Income 0 0 0 0 0 -79,000.00
EBT 3,510,000.00 1,424,000.00 2,158,000.00 456,000.00 3,415,000.00 0
Income Tax 680,000.00 230,000.00 481,000.00 4,000.00 684,000.00 0
Net Income Including Non-Controlling Interests 2,808,000.00 3,944,000.00 1,893,000.00 511,000.00 2,844,000.00 0
Net Income Non-Controlling Interests -6,000.00 -4,000.00 -21,000.00 -12,000.00 -29,000.00 0
Net Income 2,802,000.00 3,940,000.00 1,872,000.00 499,000.00 2,815,000.00 0
EBIT 3,737,000.00 1,511,000.00 2,371,000.00 354,000.00 3,670,000.00 0
Deprecation and Amortization 461,000.00 378,000.00 399,000.00 209,000.00 401,000.00 0
EBITDA 4,198,000.00 1,889,000.00 2,770,000.00 563,000.00 4,071,000.00 0
EPS 0.00 0 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 2,436,200.00 0 2,467,800.00 2,507,200.00 2,506,000.00 2,497,600.00
Average Shares Outstanding Diluted 2,436,200.00 0 2,467,800.00 2,507,200.00 2,506,000.00 2,497,600.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-06-30 2024-03-31
Operating Cash Flow 3,750,000.00 1,462,000.00 2,093,000.00 1,335,000.00 0
   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 3,750,000.00 1,462,000.00 2,093,000.00 1,335,000.00 0
Investing Cash Flow -9,043,000.00 9,503,000.00 -776,000.00 -3,041,000.00 -372,000.00
   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 -9,043,000.00 9,503,000.00 -776,000.00 -3,041,000.00 -372,000.00
Financing Cash Flow -1,148,000.00 -3,897,000.00 -592,000.00 -671,000.00 760,000.00
   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 -1,148,000.00 -3,897,000.00 -592,000.00 -671,000.00 760,000.00
Net Change in Cash -6,441,000.00 7,390,000.00 570,000.00 -2,377,000.00 0
   Cash at Beginning of Period 15,359,000.00 7,991,000.00 7,441,000.00 9,181,000.00 8,710,000.00
   Cash at End of Period 8,906,000.00 15,359,000.00 7,991,000.00 6,795,000.00 9,181,000.00
Free Cash Flow 5,170,000.00 42,000.00 2,093,000.00 -551,000.00 0