SRAD
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 157.64 | 92.08 | 271.39 | 415.37 |
| Price to Sales | 4.71 | 3.75 | 4.05 | 9.30 |
| Book Value Per Common Share | 3.11 | 2.91 | 2.53 | 2.49 |
| Price to Book | 5.58 | 3.79 | 3.94 | 7.06 |
| Price to Operating Cash Flow | 14.77 | 12.73 | 17.59 | 39.46 |
| Price to Free Cash Flow | 41.58 | 56.41 | 535.48 | 3514.00 |
| Enterprise Value to EBITDA | 134092.25 | 115509.02 | 122001.58 | 281214.74 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 384.29 | 165.18 | 270.25 | 100.92 | |
| Price to Sales | 27.66 | 26.56 | 20.91 | 16.94 | 14.28 |
| Book Value Per Common Share | 3.28 | 3.22 | 3.15 | 3.11 | 3.06 |
| Price to Book | 8.20 | 8.73 | 6.87 | 5.58 | 3.95 |
| Price to Operating Cash Flow | 70.22 | 86.72 | 63.64 | 63.31 | 30.81 |
| Price to Free Cash Flow | 120.52 | 156.00 | 191.67 | -2312.00 | 56.96 |
| Enterprise Value to EBITDA | 762045.29 | 476956.35 | 480693.09 | 655934.32 | 322981.81 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -8.33 | 226.98 | -13.24 | |
| Revenue YoY | 26.09 | 20.19 | 30.11 | |
| EBITDA YoY | 35.00 | 17.46 | 30.79 | |
| Net Profit YoY | -1.46 | 218.20 | -13.35 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | -58.82 | 112.50 | |||
| Revenue YoY | -8.10 | 2.11 | 1.36 | 20.34 | |
| EBITDA YoY | -39.15 | 25.15 | 77.00 | -29.49 | |
| Net Profit YoY | -54.38 | 103.42 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 1.16 | 0.93 | 0.82 | 2.50 |
| Quick Ratio | 1.42 | 1.18 | 1.18 | 3.26 |
| Current Ratio | 1.53 | 1.26 | 1.30 | 3.36 |
| Debt to Equity | 1.47 | 1.57 | 0.83 | 1.41 |
| Long-Term Debt to Equity | 1.07 | 1.17 | 0.43 | 1.06 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 1.20 | 1.04 | 1.19 | 1.16 | 1.22 |
| Quick Ratio | 1.29 | 1.22 | 1.27 | 1.42 | 1.45 |
| Current Ratio | 1.36 | 1.31 | 1.35 | 1.53 | 1.53 |
| Debt to Equity | 1.45 | 1.50 | 1.60 | 1.47 | 1.49 |
| Long-Term Debt to Equity | 1.04 | 1.08 | 1.15 | 1.07 | 1.08 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 1.49 | 1.54 | 0.78 | 0.71 |
| ROE | 3.67 | 3.97 | 1.44 | 1.71 |
| Gross Margin | 56.80 | 61.53 | 59.12 | 80.82 |
| Operating Margin | 9.04 | 8.96 | 7.92 | 10.01 |
| EBITDA Margin | 34.77 | 32.48 | 33.23 | 33.06 |
| Net Profit Margin | 3.09 | 3.95 | 1.49 | 2.24 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.93 | 2.07 | 0.95 | -0.05 | 1.64 |
| ROE | 2.28 | 5.18 | 2.47 | -0.12 | 4.07 |
| Gross Margin | 63.93 | 55.29 | 54.58 | 54.81 | 63.75 |
| Operating Margin | 16.96 | 25.99 | 16.45 | -0.61 | 25.03 |
| EBITDA Margin | 36.30 | 54.83 | 44.73 | 25.61 | 43.72 |
| Net Profit Margin | 7.69 | 15.50 | 7.78 | -0.35 | 14.60 |
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 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 2,294,641.00 | 2,247,350.00 | 1,389,061.00 | 1,771,121.00 |
| Current Assets | 573,250.00 | 449,068.00 | 402,195.00 | 850,042.00 |
| Cash and Short-Term Investments | 348,357.00 | 277,174.00 | 243,757.00 | 742,773.00 |
| Cash and Cash Equivalents | 348,357.00 | 277,174.00 | 243,757.00 | 742,773.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 184,174.00 | 142,643.00 | 122,928.00 | 82,372.00 |
| Inventory | 5,704.00 | 5,986.00 | 5,707.00 | 0 |
| Other Current Assets | 35,015.00 | 23,265.00 | 29,803.00 | 0 |
| Non-Current Assets | 1,721,391.00 | 1,798,282.00 | 986,866.00 | 921,079.00 |
| Property, Plant, Equipment Net | 66,240.00 | 72,762.00 | 37,887.00 | 35,923.00 |
| Goodwill | 318,408.00 | 296,401.00 | 303,989.00 | 248,152.00 |
| Intangible Assets | 1,288,649.00 | 1,400,930.00 | 539,643.00 | 560,320.00 |
| Long-Term Investments | 11,718.00 | 11,806.00 | 39,906.00 | 11,415.00 |
| Non-Current Deferred Assets | 36,376.00 | 16,383.00 | 27,014.00 | 26,908.00 |
| Other Non-Current Assets | 0.00 | 0.00 | 38,427.00 | 38,361.00 |
| Liabilities | 1,364,794.00 | 1,374,513.00 | 631,632.00 | 1,035,487.00 |
| Current Liabilities | 373,834.00 | 356,114.00 | 309,488.00 | 253,236.00 |
| Payables and Expenses | 318,874.00 | 301,829.00 | 250,613.00 | 197,051.00 |
| Account Payables | 259,742.00 | 259,667.00 | 204,994.00 | 150,012.00 |
| Current Accrued Liabilities | 47,209.00 | 30,176.00 | 31,742.00 | 24,550.00 |
| Short-Term Debt | 10,022.00 | 9,586.00 | 7,361.00 | 6,086.00 |
| Other Current Liabilities | 44,938.00 | 44,699.00 | 51,514.00 | 50,099.00 |
| Non-Current Liabilities | 990,960.00 | 1,018,399.00 | 322,144.00 | 782,251.00 |
| Long-Term Debt | 36,697.00 | 40,559.00 | 15,484.00 | 429,264.00 |
| Other Non-Current Liabilities | 954,263.00 | 977,840.00 | 306,660.00 | 352,987.00 |
| Equity | 929,847.00 | 872,837.00 | 757,429.00 | 735,634.00 |
| Shareholders Equity | 925,154.00 | 867,794.00 | 751,588.00 | 738,823.00 |
| Capital Stock | 27,551.00 | 27,421.00 | 27,323.00 | 27,297.00 |
| Share Premium | 668,254.00 | 653,840.00 | 590,191.00 | 606,057.00 |
| Retained Earnings | 221,942.00 | 173,629.00 | 117,155.00 | 89,693.00 |
| Treasury Shares | 18,813.00 | 2,322.00 | 2,705.00 | 0 |
| Accumulated Other Comprehensive Income | 26,220.00 | 15,226.00 | 19,624.00 | 15,776.00 |
| Minority Interest | 4,693.00 | 5,043.00 | 5,841.00 | -3,189.00 |
| Debt | 46,719.00 | 50,145.00 | 22,845.00 | 435,350.00 |
| Common Shares Outstanding | 297,532.64 | 297,930.66 | 297,215.71 | 296,938.59 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 1,106,556.00 | 877,621.00 | 730,188.00 | 561,202.00 |
| Cost Of Revenue | 478,009.00 | 337,593.00 | 298,467.00 | 107,632.00 |
| Interest Income | 9,285.00 | 7,683.00 | 5,250.00 | 5,179.00 |
| Interest Expense | 77,470.00 | 31,451.00 | 40,037.00 | 32,324.00 |
| Non-Interest Expense | 396,007.00 | 374,251.00 | 333,611.00 | 253,531.00 |
| Gross Profit | 628,547.00 | 540,028.00 | 431,721.00 | 453,570.00 |
| Operating Expenses | 493,988.00 | 461,818.00 | 406,488.00 | 400,503.00 |
| Selling, General and Administrative Expenses | 396,007.00 | 374,251.00 | 333,611.00 | 253,531.00 |
| Other Operating Expenses | 47,199.00 | 41,223.00 | 28,264.00 | 17,597.00 |
| Operating Income | 134,559.00 | 78,210.00 | 25,233.00 | 53,067.00 |
| EBT | 22,552.00 | 47,196.00 | 17,790.00 | 23,824.00 |
| Income Tax | -11,060.00 | 12,551.00 | 7,299.00 | 11,037.00 |
| Net Income Including Non-Controlling Interests | 33,612.00 | 33,894.00 | 10,491.00 | 12,787.00 |
| Net Income Non-Controlling Interests | 538.00 | 761.00 | 400.00 | -218.00 |
| Net Income | 34,150.00 | 34,655.00 | 10,891.00 | 12,569.00 |
| EBIT | 100,022.00 | 78,647.00 | 57,827.00 | 56,148.00 |
| Deprecation and Amortization | 284,727.00 | 206,362.00 | 184,813.00 | 129,375.00 |
| EBITDA | 384,749.00 | 285,009.00 | 242,640.00 | 185,523.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 300,636.10 | 297,884.10 | 296,915.00 | 296,938.59 |
| Average Shares Outstanding Diluted | 317,847.10 | 317,013.10 | 312,534.00 | 296,938.59 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 353,011.00 | 258,645.00 | 168,077.00 | 132,221.00 |
| Operating Net Income | 33,612.00 | 33,894.00 | 10,491.00 | 12,787.00 |
| Deprecation and Amortization | 284,727.00 | 206,362.00 | 184,813.00 | 129,375.00 |
| Deferred Income Tax | -11,060.00 | 12,551.00 | 7,299.00 | 11,037.00 |
| Share Based Compensation | 39,187.00 | 41,177.00 | 28,299.00 | 15,431.00 |
| Change in Working Capital | -7,575.00 | -17,577.00 | -21,360.00 | -25,511.00 |
| Other Operating Activities | 14,120.00 | -17,762.00 | -41,465.00 | -10,898.00 |
| Investing Cash Flow | -254,883.00 | -202,090.00 | -246,567.00 | -333,768.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -5,367.00 | -14,786.00 | -8,288.00 | -5,861.00 |
| Net Purchase/Sale of Investments Net | 0 | -3,716.00 | 0 | -2,605.00 |
| Net Purchase/Sale of Business | -27,060.00 | 2,328.00 | -84,118.00 | -198,477.00 |
| Other Investing Activities | -222,456.00 | -185,916.00 | -154,161.00 | -126,825.00 |
| Financing Cash Flow | -36,751.00 | -17,632.00 | -459,848.00 | 539,766.00 |
| Net Issuance/Repayment of Debt | -8,026.00 | -8,610.00 | -426,666.00 | -9,516.00 |
| Net Issuance/Repurchase of Equity | -28,725.00 | -9,022.00 | -3,837.00 | 556,639.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0.00 | 0.00 | -29,345.00 | -7,357.00 |
| Net Change in Cash | 61,377.00 | 38,923.00 | -538,338.00 | 338,219.00 |
| Cash at Beginning of Period | 277,174.00 | 243,757.00 | 742,773.00 | 385,542.00 |
| Cash at End of Period | 348,357.00 | 277,174.00 | 243,757.00 | 742,773.00 |
| Free Cash Flow | 125,356.00 | 58,366.00 | 5,523.00 | 1,470.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 2,418,049.00 | 2,378,375.00 | 2,542,680.00 | 2,294,641.00 | 2,277,280.00 |
| Current Assets | 562,901.00 | 523,496.00 | 588,516.00 | 573,250.00 | 563,228.00 |
| Cash and Short-Term Investments | 360,383.00 | 311,921.00 | 357,825.00 | 348,357.00 | 368,379.00 |
| Cash and Cash Equivalents | 360,383.00 | 311,921.00 | 357,825.00 | 348,357.00 | 368,379.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 170,063.00 | 177,517.00 | 197,688.00 | 184,174.00 | 167,660.00 |
| Inventory | 0 | 0 | 0 | 5,704.00 | 0 |
| Other Current Assets | 0 | 0 | 0 | 35,015.00 | 0 |
| Non-Current Assets | 1,855,148.00 | 1,854,879.00 | 1,954,164.00 | 1,721,391.00 | 1,714,052.00 |
| Property, Plant, Equipment Net | 78,226.00 | 69,886.00 | 69,734.00 | 66,240.00 | 66,273.00 |
| Goodwill | 0 | 0 | 0 | 318,408.00 | 0 |
| Intangible Assets | 0 | 0 | 0 | 1,288,649.00 | 0 |
| Long-Term Investments | 10,203.00 | 10,381.00 | 11,212.00 | 11,718.00 | 11,491.00 |
| Non-Current Deferred Assets | 27,608.00 | 25,222.00 | 32,236.00 | 36,376.00 | 17,566.00 |
| Other Non-Current Assets | 0 | 0 | 0 | 0.00 | 0 |
| Liabilities | 1,432,788.00 | 1,426,821.00 | 1,563,409.00 | 1,364,794.00 | 1,361,048.00 |
| Current Liabilities | 412,758.00 | 400,841.00 | 436,346.00 | 373,834.00 | 369,212.00 |
| Payables and Expenses | 309,726.00 | 298,632.00 | 304,790.00 | 318,874.00 | 255,865.00 |
| Account Payables | 300,659.00 | 293,269.00 | 300,793.00 | 259,742.00 | 246,887.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 47,209.00 | 0 |
| Short-Term Debt | 10,791.00 | 9,954.00 | 10,479.00 | 10,022.00 | 10,050.00 |
| Other Current Liabilities | 92,241.00 | 92,255.00 | 121,077.00 | 44,938.00 | 103,297.00 |
| Non-Current Liabilities | 1,020,030.00 | 1,025,980.00 | 1,127,063.00 | 990,960.00 | 991,836.00 |
| Long-Term Debt | 51,894.00 | 42,689.00 | 40,919.00 | 36,697.00 | 37,174.00 |
| Other Non-Current Liabilities | 968,136.00 | 983,291.00 | 1,086,144.00 | 954,263.00 | 954,662.00 |
| Equity | 985,261.00 | 951,554.00 | 979,271.00 | 929,847.00 | 916,232.00 |
| Shareholders Equity | 985,260.00 | 951,553.00 | 974,674.00 | 925,154.00 | 911,515.00 |
| Capital Stock | 27,582.00 | 27,582.00 | 27,582.00 | 27,551.00 | 27,551.00 |
| Share Premium | 684,200.00 | 688,857.00 | 706,835.00 | 668,254.00 | 669,795.00 |
| Retained Earnings | 326,961.00 | 291,920.00 | 235,027.00 | 221,942.00 | 214,771.00 |
| Treasury Shares | 60,303.00 | 66,385.00 | 16,079.00 | 18,813.00 | 18,144.00 |
| Accumulated Other Comprehensive Income | 6,820.00 | 9,579.00 | 21,309.00 | 26,220.00 | 17,542.00 |
| Minority Interest | 1.00 | 1.00 | 4,597.00 | 4,693.00 | 4,717.00 |
| Debt | 62,685.00 | 52,643.00 | 51,398.00 | 46,719.00 | 47,224.00 |
| Common Shares Outstanding | 0 | 295,951.66 | 309,532.64 | 297,532.64 | 297,532.64 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 292,054.00 | 317,790.00 | 311,231.00 | 307,070.00 | 255,172.00 |
| Cost Of Revenue | 105,346.00 | 142,084.00 | 141,363.00 | 138,769.00 | 92,503.00 |
| Interest Income | 2,531.00 | 2,289.00 | 2,333.00 | 2,598.00 | 2,738.00 |
| Interest Expense | 20,375.00 | 21,141.00 | 21,853.00 | 19,484.00 | 19,969.00 |
| Non-Interest Expense | 93,958.00 | 101,781.00 | 102,356.00 | 139,339.00 | 87,966.00 |
| Gross Profit | 186,708.00 | 175,706.00 | 169,868.00 | 168,301.00 | 162,669.00 |
| Operating Expenses | 139,516.00 | 147,652.00 | 146,788.00 | 132,332.00 | 124,327.00 |
| Selling, General and Administrative Expenses | 93,958.00 | 101,781.00 | 102,356.00 | 139,339.00 | 87,966.00 |
| Other Operating Expenses | 29,220.00 | 28,740.00 | 28,114.00 | -20,189.00 | 23,391.00 |
| Operating Income | 47,192.00 | 28,054.00 | 23,080.00 | 35,969.00 | 38,342.00 |
| EBT | 29,146.00 | 61,455.00 | 29,347.00 | -21,354.00 | 43,888.00 |
| Income Tax | 6,679.00 | 12,338.00 | 5,009.00 | -20,048.00 | 6,786.00 |
| Net Income Including Non-Controlling Interests | 22,467.00 | 49,117.00 | 24,338.00 | -1,306.00 | 37,102.00 |
| Net Income Non-Controlling Interests | 1.00 | 128.00 | -130.00 | 217.00 | 159.00 |
| Net Income | 22,468.00 | 49,245.00 | 24,208.00 | -1,089.00 | 37,261.00 |
| EBIT | 49,521.00 | 82,596.00 | 51,200.00 | -1,870.00 | 63,857.00 |
| Deprecation and Amortization | 56,500.00 | 91,640.00 | 88,017.00 | 80,524.00 | 47,700.00 |
| EBITDA | 106,021.00 | 174,236.00 | 139,217.00 | 78,654.00 | 111,557.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0 | 0.00 |
| Average Shares Outstanding Basic | 300,346.10 | 300,607.10 | 300,977.10 | 299,916.10 | 300,834.10 |
| Average Shares Outstanding Diluted | 319,297.10 | 319,920.10 | 320,780.10 | 318,564.10 | 318,172.10 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 115,060.00 | 97,349.00 | 102,246.00 | 82,157.00 | 118,222.00 |
| Operating Net Income | 22,467.00 | 49,117.00 | 24,338.00 | -1,306.00 | 37,103.00 |
| Deprecation and Amortization | 56,500.00 | 91,640.00 | 88,017.00 | 80,524.00 | 47,700.00 |
| Deferred Income Tax | 6,679.00 | 12,338.00 | 5,009.00 | -20,048.00 | 6,785.00 |
| Share Based Compensation | 14,645.00 | 13,566.00 | 12,847.00 | 13,135.00 | 12,945.00 |
| Change in Working Capital | 10,430.00 | -8,670.00 | 3,688.00 | -19,115.00 | 43,033.00 |
| Other Operating Activities | 4,339.00 | -60,642.00 | -31,653.00 | 28,967.00 | -29,344.00 |
| Investing Cash Flow | -48,738.00 | -51,889.00 | -65,810.00 | -103,201.00 | -54,605.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -983.00 | -1,283.00 | -972.00 | -2,277.00 | -717.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | -886.00 | -8,710.00 | 2,654.00 | -18,820.00 | 0 |
| Other Investing Activities | 0 | 0 | 0 | -82,104.00 | -53,888.00 |
| Financing Cash Flow | -8,648.00 | -74,572.00 | -18,610.00 | -10,861.00 | -9,564.00 |
| Net Issuance/Repayment of Debt | -1,636.00 | -1,973.00 | -1,999.00 | -1,931.00 | -1,741.00 |
| Net Issuance/Repurchase of Equity | -2,012.00 | -62,596.00 | -16,611.00 | -8,930.00 | -7,822.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -5,000.00 | -10,003.00 | 0.00 | 0.00 | -1.00 |
| Net Change in Cash | 57,674.00 | -29,112.00 | 17,826.00 | -31,905.00 | 54,053.00 |
| Cash at Beginning of Period | 311,921.00 | 357,825.00 | 348,357.00 | 368,379.00 | 322,218.00 |
| Cash at End of Period | 360,383.00 | 311,921.00 | 357,825.00 | 348,357.00 | 368,379.00 |
| Free Cash Flow | 67,029.00 | 54,107.00 | 33,949.00 | -2,243.00 | 63,953.00 |