Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -5.23 -7.98 -26.95 -24.99
Price to Sales 1.10 1.56 1.21 2.56
Book Value Per Common Share 11.06 12.70 14.30 14.56
Price to Book 0.80 1.12 0.83 1.68
Price to Operating Cash Flow 80.53 -15.91 -10.46 43.39
Price to Free Cash Flow -128.84 -12.79 -8.29 171.38
Enterprise Value to EBITDA 3048306.47
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -17.23 -57.35 -54.39 -15.07 -22.46
Price to Sales 6.96 6.93 5.18 4.22 4.23
Book Value Per Common Share 9.98 10.62 10.84 11.06 11.65
Price to Book 1.12 1.08 0.90 0.80 0.71
Price to Operating Cash Flow 138.10 -862.41 155.15 85.89 -132.75
Price to Free Cash Flow 455.28 -80.21 2330.95 224.49 -88.78
Enterprise Value to EBITDA 11184996.36

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -8.79 -3.67 7.29
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY -0.81 1.50 -9.52 7.39
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 2.13 2.37 4.93 7.91
Quick Ratio 1.82 1.90 2.24 3.00
Current Ratio 3.07 3.17 3.32 3.80
Debt to Equity 0.30 0.28 0.31 0.34
Long-Term Debt to Equity 0.09 0.08 0.09 0.12
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 2.99 3.05 2.09 2.11 2.02
Quick Ratio 2.46 2.48 1.82 1.82 1.76
Current Ratio 3.65 3.70 3.02 3.07 3.07
Debt to Equity 0.28 0.26 0.30 0.30 0.30
Long-Term Debt to Equity 0.08 0.08 0.09 0.09 0.10

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -11.68 -10.85 -2.30 -4.85
ROE -15.17 -13.91 -3.02 -6.48
Gross Margin 44.86 42.55 42.44 42.83
Operating Margin -14.96 -13.95 -8.77 -13.04
EBITDA Margin -7.04 -6.15 0.40 -3.80
Net Profit Margin -21.01 -19.61 -4.45 -10.21
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -5.12 -1.47 -1.28 -4.07 -2.46
ROE -6.53 -1.86 -1.66 -5.29 -3.20
Gross Margin 40.95 43.08 44.28 46.35 44.80
Operating Margin -16.58 -12.04 -9.12 -6.45 -18.19
EBITDA Margin -8.77 -4.38 -1.20 0.38 -10.13
Net Profit Margin -40.62 -12.13 -9.60 -27.90 -19.01

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 1,029,746.00 1,133,905.00 1,259,790.00 1,277,222.00
   Current Assets 512,961.00 560,095.00 700,220.00 800,702.00
      Cash and Short-Term Investments 150,700.00 162,585.00 327,837.00 502,179.00
            Cash and Cash Equivalents 70,200.00 82,585.00 150,470.00 243,179.00
            Short-Term Investments 80,500.00 80,000.00 177,367.00 259,000.00
      Net Receivables 152,979.00 172,009.00 144,739.00 129,382.00
      Inventory 179,809.00 192,976.00 194,054.00 129,147.00
      Other Current Assets 29,473.00 32,525.00 33,590.00 39,994.00
   Non-Current Assets 516,785.00 573,810.00 559,570.00 476,520.00
      Property, Plant, Equipment Net 216,548.00 216,447.00 213,185.00 217,946.00
      Goodwill 99,082.00 100,051.00 64,953.00 65,144.00
      Intangible Assets 106,253.00 127,781.00 121,402.00 152,244.00
      Long-Term Investments 80,205.00 115,083.00 141,610.00 28,667.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 14,697.00 14,448.00 18,420.00 12,519.00
Liabilities 236,755.00 249,066.00 300,358.00 321,208.00
   Current Liabilities 167,214.00 176,426.00 210,654.00 210,468.00
      Payables and Expenses 84,726.00 83,441.00 118,833.00 107,334.00
            Account Payables 44,977.00 46,785.00 72,921.00 51,976.00
            Current Accrued Liabilities 39,749.00 36,656.00 45,912.00 55,358.00
      Short-Term Debt 6,935.00 6,498.00 7,169.00 7,276.00
      Other Current Liabilities 75,553.00 86,487.00 84,652.00 95,858.00
   Non-Current Liabilities 69,541.00 72,640.00 89,704.00 110,740.00
      Long-Term Debt 25,155.00 12,162.00 10,670.00 7,693.00
      Other Non-Current Liabilities 44,386.00 60,478.00 79,034.00 103,047.00
Equity 792,991.00 884,839.00 959,432.00 956,014.00
   Shareholders Equity 792,991.00 884,839.00 959,432.00 956,014.00
      Capital Stock 202.00 195.00 187.00 182.00
      Share Premium 3,123,024.00 3,091,649.00 3,048,915.00 3,012,481.00
      Retained Earnings -2,320,209.00 -2,199,926.00 -2,076,852.00 -2,047,878.00
      Treasury Shares 1,995.00 0 0 0
      Accumulated Other Comprehensive Income -8,031.00 -7,079.00 -12,818.00 -8,771.00
   Minority Interest 0 0 0 0
Debt 32,090.00 18,660.00 17,839.00 14,969.00
Common Shares Outstanding 71,716.16 69,656.07 67,085.92 65,676.95
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 572,458.00 627,598.00 651,483.00 607,219.00
Cost Of Revenue 315,642.00 360,574.00 375,016.00 347,141.00
Non-Interest Expense 243,335.00 260,179.00 240,750.00 250,937.00
Gross Profit 256,816.00 267,024.00 276,467.00 260,078.00
Operating Expenses 342,477.00 354,604.00 333,626.00 339,240.00
   Selling, General and Administrative Expenses 243,335.00 260,179.00 240,750.00 250,937.00
   Research and Development Expenses 99,142.00 94,425.00 92,876.00 88,303.00
Operating Income -85,661.00 -87,580.00 -57,159.00 -79,162.00
EBT -83,985.00 -84,587.00 -17,794.00 -66,837.00
Income Tax 2,973.00 5,782.00 5,454.00 -3,906.00
Net Income Including Non-Controlling Interests -120,283.00 -123,074.00 -28,974.00 -61,982.00
Net Income -120,283.00 -123,074.00 -28,974.00 -61,982.00
EBIT -85,661.00 -87,580.00 -57,159.00 -79,162.00
Deprecation and Amortization 45,338.00 48,973.00 59,769.00 56,096.00
EBITDA -40,323.00 -38,607.00 2,610.00 -23,066.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 70,858.00 68,666.00 66,491.00 63,471.00
Average Shares Outstanding Diluted 70,858.00 68,666.00 66,491.00 63,471.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 7,826.00 -61,645.00 -75,405.00 35,824.00
   Operating Net Income -120,283.00 -123,074.00 -28,974.00 -61,982.00
   Deprecation and Amortization 45,338.00 48,973.00 59,769.00 56,096.00
   Deferred Income Tax 1,287.00 -1,764.00 926.00 -12,380.00
   Share Based Compensation 25,618.00 31,614.00 33,461.00 30,977.00
   Change in Working Capital 9,920.00 -40,524.00 -105,327.00 31,956.00
   Other Operating Activities 45,946.00 23,130.00 -35,260.00 -8,843.00
Investing Cash Flow -14,820.00 -3,834.00 -7,213.00 -291,165.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -10,874.00 -13,551.00 -13,635.00 -24,981.00
   Net Purchase/Sale of Investments Net -500.00 97,367.00 81,633.00 -243,779.00
   Net Purchase/Sale of Business -1,655.00 -84,561.00 -69,148.00 -20,553.00
   Other Investing Activities -1,791.00 -3,089.00 -6,063.00 -1,852.00
Financing Cash Flow -3,314.00 -1,516.00 -2,769.00 227,311.00
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity -1,995.00 0 0 218,850.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0 0 8,461.00
Net Change in Cash -10,308.00 -66,995.00 -85,387.00 -28,030.00
   Cash at Beginning of Period 82,864.00 150,686.00 243,293.00 272,216.00
   Cash at End of Period 71,076.00 82,864.00 150,686.00 243,293.00
Free Cash Flow -4,888.00 -76,672.00 -95,157.00 9,073.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 1,087,208.00 1,138,987.00 1,023,144.00 1,029,746.00 1,082,677.00
   Current Assets 603,684.00 614,846.00 507,631.00 512,961.00 519,344.00
      Cash and Short-Term Investments 254,970.00 254,573.00 150,061.00 150,700.00 143,956.00
            Cash and Cash Equivalents 71,470.00 71,073.00 70,061.00 70,200.00 63,956.00
            Short-Term Investments 183,500.00 183,500.00 80,000.00 80,500.00 80,000.00
      Net Receivables 151,344.00 157,869.00 156,150.00 152,979.00 153,653.00
      Inventory 159,335.00 164,585.00 169,881.00 179,809.00 195,188.00
      Other Current Assets 38,035.00 37,819.00 31,539.00 29,473.00 26,547.00
   Non-Current Assets 483,524.00 524,141.00 515,513.00 516,785.00 563,333.00
      Property, Plant, Equipment Net 219,954.00 221,081.00 217,963.00 216,548.00 216,560.00
      Goodwill 101,515.00 101,569.00 99,463.00 99,082.00 100,086.00
      Intangible Assets 101,267.00 106,013.00 101,619.00 106,253.00 111,883.00
      Long-Term Investments 46,064.00 79,268.00 81,518.00 80,205.00 120,070.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 14,724.00 16,210.00 14,950.00 14,697.00 14,734.00
Liabilities 234,683.00 236,606.00 238,303.00 236,755.00 250,899.00
   Current Liabilities 165,246.00 166,049.00 168,065.00 167,214.00 169,415.00
      Payables and Expenses 76,411.00 76,889.00 74,342.00 84,726.00 83,485.00
            Account Payables 40,244.00 38,148.00 38,032.00 44,977.00 48,157.00
            Current Accrued Liabilities 36,167.00 38,741.00 36,310.00 39,749.00 35,328.00
      Short-Term Debt 7,283.00 7,039.00 6,921.00 6,935.00 6,714.00
      Other Current Liabilities 81,552.00 82,121.00 86,802.00 75,553.00 79,216.00
   Non-Current Liabilities 69,437.00 70,557.00 70,238.00 69,541.00 81,484.00
      Long-Term Debt 23,810.00 24,043.00 24,363.00 25,155.00 25,420.00
      Other Non-Current Liabilities 45,627.00 46,514.00 45,875.00 44,386.00 56,064.00
Equity 852,525.00 902,381.00 784,841.00 792,991.00 831,778.00
   Shareholders Equity 852,525.00 902,381.00 784,841.00 792,991.00 831,778.00
      Capital Stock 240.00 238.00 203.00 202.00 200.00
      Share Premium 3,266,492.00 3,260,364.00 3,129,236.00 3,123,024.00 3,117,626.00
      Retained Earnings -2,405,642.00 -2,350,008.00 -2,333,263.00 -2,320,209.00 -2,278,266.00
      Treasury Shares 1,995.00 1,995.00 1,995.00 1,995.00 0
      Accumulated Other Comprehensive Income -6,570.00 -6,218.00 -9,340.00 -8,031.00 -7,782.00
   Minority Interest 0 0 0 0 0
Debt 31,093.00 31,082.00 31,284.00 32,090.00 32,134.00
Common Shares Outstanding 85,436.00 84,983.00 72,391.00 71,716.16 71,385.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 136,970.00 138,086.00 136,046.00 150,359.00 140,008.00
Cost Of Revenue 80,878.00 78,592.00 75,807.00 80,670.00 77,278.00
Interest Income 2,656.00 0 1,473.00 0 1,009.00
Non-Interest Expense 58,235.00 56,193.00 53,851.00 54,604.00 63,495.00
Gross Profit 56,092.00 59,494.00 60,239.00 69,689.00 62,730.00
Operating Expenses 78,796.00 76,114.00 72,643.00 79,389.00 88,195.00
   Selling, General and Administrative Expenses 58,235.00 56,193.00 53,851.00 54,604.00 63,495.00
   Research and Development Expenses 20,561.00 19,921.00 18,792.00 24,785.00 24,700.00
Operating Income -22,704.00 -16,620.00 -12,404.00 -9,700.00 -25,465.00
EBT -20,048.00 -13,334.00 -10,931.00 -9,524.00 -24,456.00
Income Tax 524.00 1,041.00 455.00 653.00 842.00
Net Income Including Non-Controlling Interests -55,634.00 -16,745.00 -13,054.00 -41,943.00 -26,614.00
Net Income -55,634.00 -16,745.00 -13,054.00 -41,943.00 -26,614.00
EBIT -22,704.00 -16,620.00 -12,404.00 -9,700.00 -25,465.00
Deprecation and Amortization 10,687.00 10,571.00 10,771.00 10,270.00 11,287.00
EBITDA -12,017.00 -6,049.00 -1,633.00 570.00 -14,178.00
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 85,151.00 83,485.00 71,967.00 71,406.00 71,271.00
Average Shares Outstanding Diluted 85,151.00 83,485.00 71,967.00 71,406.00 71,271.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 6,907.00 -1,111.00 4,542.00 7,389.00 -4,464.00
   Operating Net Income -55,634.00 -16,745.00 -13,054.00 -41,943.00 -26,614.00
   Deprecation and Amortization 10,687.00 10,571.00 10,771.00 10,270.00 11,287.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 5,635.00 6,138.00 6,213.00 3,054.00 6,569.00
   Change in Working Capital 5,915.00 3,062.00 525.00 -3,351.00 4,457.00
   Other Operating Activities 40,304.00 -4,137.00 87.00 39,359.00 -163.00
Investing Cash Flow -6,488.00 -119,855.00 -4,088.00 2,355.00 -2,234.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -4,451.00 -7,283.00 -3,753.00 -4,206.00 -1,861.00
   Net Purchase/Sale of Investments Net 0 -103,500.00 500.00 -500.00 0
   Net Purchase/Sale of Business -1,167.00 -5,508.00 -330.00 7,190.00 0
   Other Investing Activities -870.00 -3,564.00 -505.00 -129.00 -373.00
Financing Cash Flow -1.00 118,084.00 200.00 -2,198.00 -415.00
   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 -1.00 0 0 0 -415.00
Net Change in Cash 418.00 -2,882.00 654.00 7,546.00 -7,113.00
   Cash at Beginning of Period 71,917.00 70,889.00 71,076.00 64,832.00 71,136.00
   Cash at End of Period 72,315.00 71,917.00 70,889.00 71,076.00 64,832.00
Free Cash Flow 2,095.00 -11,937.00 304.00 2,829.00 -6,669.00