Valuation Ratios

Breakdown 2024-12-31 2023-12-31
Price to Earnings -1.49 -1.02
Price to Sales 1.14 1.62
Book Value Per Common Share 24.35 30.89
Price to Book 0.40 0.48
Price to Operating Cash Flow -4.14 -10.66
Price to Free Cash Flow
Enterprise Value to EBITDA
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 2023-03-31
Price to Earnings -2.42 -2.22 -14.93 11.63 -2.11 -3.51 -0.64 -1.08 -2.55
Price to Sales 1.29 1.83 7.75 2.29 2.87 6.77 1.94 4.62 2.96
Book Value Per Common Share 21.36 20.78 23.73 24.35 32.10 25.17 27.21 30.89 25.90 32.05 38.80
Price to Book 0.39 0.38 0.36 0.40 0.43 0.48 0.47 0.48 0.48 0.46 0.45
Price to Operating Cash Flow -29.85 -11.60 -17.92 -7.55 -7.78 -12.09 -12.85 -41.97 -418.03
Price to Free Cash Flow
Enterprise Value to EBITDA 62481.26

Earnings Data

Breakdown 2024-12-31 2023-12-31
Earning YoY
Revenue YoY -7.93
EBITDA YoY
Net Profit YoY
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 2023-03-31
Earning YoY
Revenue YoY 49.59 287.57 43.85 120.11 103.09 -46.04
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31
Cash Per Common Share 3.25 7.23
Quick Ratio
Current Ratio
Debt to Equity 0.62 0.41
Long-Term Debt to Equity
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 2023-03-31
Cash Per Common Share 3.69 3.92 3.10 3.25 4.11 4.81 4.65 7.23 4.82 5.00 6.20
Quick Ratio
Current Ratio
Debt to Equity 0.88 0.84 0.72 0.62 0.47 0.54 0.46 0.41 0.53 0.48 0.45
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31
ROA -10.70 5.35
ROE -17.37 7.54
Gross Margin 13.34 9.21
Operating Margin -64.09 -140.85
EBITDA Margin -60.27 -137.13
Net Profit Margin -76.57 38.74
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 2023-03-31
ROA -5.41 -5.68 -0.90 1.78 -9.67 -5.86 -32.13 -19.71 0.45
ROE -10.18 -10.44 -1.55 2.61 -14.87 -8.56 -49.03 -29.24 0.66
Gross Margin 23.44 16.81 -11.10 5.08 1.16 5.03 9.86 -7.46 73.44
Operating Margin -41.37 -70.66 -29.29 32.48 -123.81 -177.69
EBITDA Margin -37.80 -67.26 -22.61 36.64 -119.59 -173.04
Net Profit Margin -53.21 -82.77 -52.00 19.62 -135.92 -192.57 -305.80 -427.47 5.98

Dividends

Breakdown 2024-12-31 2023-12-31
Dividend Yield
Dividend Payout Ratio
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 2023-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31
Assets 810,853.00 891,716.00
      Cash and Short-Term Investments 43,281.00 96,242.00
            Cash and Cash Equivalents 43,281.00 96,242.00
            Short-Term Investments 0 0
      Net Receivables 670.00 997.00
      Inventory 0 0
      Other Current Assets 0 0
      Property, Plant, Equipment Net 924.00 1,380.00
      Real Estate 484,990.00 481,807.00
      Goodwill 0 0
      Intangible Assets 200.00 200.00
      Long-Term Investments 249,899.00 316,451.00
      Non-Current Deferred Assets 0 0
      Other Non-Current Assets 0 0
Liabilities 311,410.00 259,660.00
      Payables and Expenses 0 0
            Account Payables 0 0
            Current Accrued Liabilities 0 0
      Short-Term Debt 0 0
      Other Current Liabilities 0 0
      Long-Term Debt 0 0
      Other Non-Current Liabilities 0 0
Equity 499,443.00 632,056.00
   Shareholders Equity 324,336.00 411,492.00
      Capital Stock 13.00 13.00
      Share Premium 607,623.00 607,623.00
      Retained Earnings -283,196.00 -196,441.00
      Treasury Shares 0 0
      Accumulated Other Comprehensive Income -104.00 359.00
   Minority Interest 20,660.00 43,286.00
Investments 749,697.00 949,311.00
Debt 217,349.00 192,895.00
Net Debt 174,068.00 96,653.00
Common Shares Outstanding 13,320.00 13,320.00
Breakdown 2024-12-31 2023-12-31
Revenues 113,297.00 123,053.00
Cost Of Revenue 98,179.00 111,722.00
Interest Expense 15,752.00 22,972.00
Provisions for Credit Losses 621.00 1,312.00
Gross Profit 15,118.00 11,331.00
   Selling, General and Administrative Expenses 21,123.00 36,199.00
EBT -88,360.00 -196,290.00
Income Tax 2.00 0.00
Equity Method Investments Income 0 30,825.00
Net Income Including Non-Controlling Interests -85,148.00 47,607.00
Net Income Non-Controlling Interests -1,607.00 66.00
Net Income -86,755.00 47,673.00
EBIT -72,608.00 -173,318.00
Deprecation and Amortization 4,328.00 4,572.00
EBITDA -68,280.00 -168,746.00
EPS -0.01 -0.01
Diluted EPS -0.01 -0.01
Average Shares Outstanding Basic 13,320.00 13,320.00
Average Shares Outstanding Diluted 13,320.00 13,320.00
Breakdown 2024-12-31 2023-12-31
Operating Cash Flow -31,289.00 -18,719.00
   Operating Net Income -176,724.00 -392,580.00
   Deprecation and Amortization 4,328.00 4,572.00
   Deferred Income Tax -24,800.00 2,500.00
   Share Based Compensation 0 1,778.00
   Change in Working Capital -5,281.00 11,875.00
   Other Operating Activities 171,188.00 353,136.00
Investing Cash Flow 306.00 186,020.00
   Capital Expenditure 0.00 0.00
   Net Purchase/Sale of PPE 0 0
   Net Purchase/Sale of Investments Net 11,403.00 6,544.00
   Net Purchase/Sale of Business 0 0
   Other Investing Activities -11,097.00 179,476.00
Financing Cash Flow 15,815.00 -114,061.00
   Net Issuance/Repayment of Debt 15,815.00 322,857.00
   Net Issuance/Repurchase of Equity 0 0
   Dividends Paid 0 0
   Other Financing Activities 0.00 -436,918.00
Net Change in Cash -15,168.00 53,240.00
   Cash at Beginning of Period 60,714.00 7,474.00
   Cash at End of Period 45,546.00 60,714.00
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 2023-03-31
Assets 834,008.00 825,545.00 841,086.00 810,853.00 888,128.00 786,900.00 835,408.00 891,716.00 817,020.00 916,607.00 1,031,910.00
      Cash and Short-Term Investments 48,923.00 52,216.00 41,290.00 43,281.00 54,811.00 64,074.00 61,947.00 96,242.00 64,173.00 66,609.00 82,558.00
            Cash and Cash Equivalents 48,923.00 52,216.00 41,290.00 43,281.00 54,811.00 64,074.00 61,947.00 96,242.00 64,173.00 66,609.00 82,558.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 498.00 565.00 612.00 670.00 879.00 930.00 976.00 997.00 1,049.00 14,485.00 20,976.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 575.00 692.00 809.00 924.00 1,039.00 1,154.00 1,267.00 1,380.00 1,492.00 1,604.00 1,714.00
      Real Estate 489,157.00 489,007.00 486,515.00 484,990.00 484,837.00 483,937.00 483,012.00 481,807.00 481,448.00 482,003.00 472,504.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 273.00 289.00 304.00
      Long-Term Investments 0 0 0 249,899.00 354,699.00 260,852.00 278,567.00 316,451.00 240,986.00 321,204.00 397,909.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 3,325.00
      Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Liabilities 390,773.00 376,290.00 351,917.00 311,410.00 282,479.00 275,292.00 263,076.00 259,660.00 281,685.00 298,786.00 317,886.00
      Payables and Expenses 0 0 0 0 0 0 0 0 0 0 0
            Account Payables 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Equity 443,235.00 449,255.00 489,169.00 499,443.00 605,649.00 511,608.00 572,332.00 632,056.00 535,335.00 617,821.00 714,024.00
   Shareholders Equity 275,427.00 276,144.00 316,138.00 324,336.00 427,548.00 335,315.00 362,420.00 411,492.00 344,922.00 426,875.00 516,836.00
      Capital Stock 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
      Share Premium 604,104.00 607,434.00 607,623.00 607,623.00 607,623.00 607,623.00 607,623.00 607,623.00 607,623.00 607,623.00 607,623.00
      Retained Earnings -328,309.00 -330,108.00 -290,800.00 -283,196.00 -180,639.00 -272,537.00 -245,422.00 -196,441.00 -262,575.00 -180,761.00 -90,800.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -381.00 -1,195.00 -698.00 -104.00 551.00 216.00 206.00 359.00 -139.00 0 0
   Minority Interest 18,239.00 19,805.00 20,231.00 20,660.00 21,073.00 21,440.00 22,288.00 43,286.00 3,859.00 3,803.00 3,799.00
Investments 628,398.00 631,236.00 759,432.00 749,697.00 1,064,097.00 782,556.00 835,701.00 949,311.00 722,392.00 962,988.00 1,224,329.00
Debt 259,273.00 245,396.00 231,462.00 217,349.00 201,205.00 197,209.00 195,024.00 192,895.00 212,819.00 227,404.00 251,784.00
Net Debt 210,350.00 193,180.00 190,172.00 174,068.00 146,394.00 133,135.00 133,077.00 96,653.00 148,646.00 160,795.00 169,226.00
Common Shares Outstanding 12,897.18 13,290.02 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00
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 2023-03-31
Revenues 84,786.00 56,678.00 14,624.00 -48,661.00 80,536.00 55,986.00 25,436.00 -83,379.00 85,837.00 42,266.00 78,329.00
Cost Of Revenue 64,916.00 47,150.00 16,247.00 -57,762.00 76,448.00 55,337.00 24,156.00 -31,873.00 77,374.00 45,417.00 20,804.00
Interest Expense 12,419.00 7,719.00 3,763.00 -7,310.00 11,637.00 7,629.00 3,796.00 -21,140.00 19,205.00 14,808.00 10,099.00
Provisions for Credit Losses -105.00 -112.00 -137.00 531.00 58.00 15.00 17.00 -2,304.00 1,286.00 1,096.00 1,234.00
Gross Profit 19,870.00 9,528.00 -1,623.00 9,101.00 4,088.00 649.00 1,280.00 -51,506.00 8,463.00 -3,151.00 57,525.00
   Selling, General and Administrative Expenses 11,305.00 7,972.00 4,718.00 -14,793.00 16,544.00 11,979.00 7,393.00 -28,509.00 28,960.00 21,650.00 14,098.00
EBT -47,492.00 -47,767.00 -8,046.00 23,057.00 14,523.00 -76,946.00 -48,994.00 -196,290.00 0 0 0
Income Tax 0.00 0.00 0.00 -4.00 2.00 2.00 2.00 -16,600.00 16,600.00 0.00 0.00
Equity Method Investments Income 0 0 0 0 0 0 0 -59,798.00 30,433.00 30,216.00 29,974.00
Net Income Including Non-Controlling Interests -42,734.00 -46,057.00 -7,162.00 21,979.00 17,083.00 -75,244.00 -48,966.00 486,126.00 -262,548.00 -180,678.00 4,707.00
Net Income Non-Controlling Interests -2,379.00 -855.00 -442.00 541.00 -1,281.00 -852.00 -15.00 31.00 58.00 2.00 -25.00
Net Income -45,113.00 -46,912.00 -7,604.00 22,520.00 15,802.00 -76,096.00 -48,981.00 486,157.00 -262,490.00 -180,676.00 4,682.00
EBIT -35,073.00 -40,048.00 -4,283.00 15,747.00 26,160.00 -69,317.00 -45,198.00 -173,318.00 0 0 0
Deprecation and Amortization 3,022.00 1,929.00 977.00 -2,563.00 3,347.00 2,361.00 1,183.00 -1,974.00 3,295.00 2,171.00 1,080.00
EBITDA -32,051.00 -38,119.00 -3,306.00 13,184.00 29,507.00 -66,956.00 -44,015.00 -168,746.00 0 0 0
EPS -0.00 -0.00 -0.00 0.00 0.00 -0.01 -0.00 0.00 -0.02 -0.01 -0.01
Diluted EPS -0.00 -0.00 -0.00 0.00 0.00 -0.01 -0.00 0.00 -0.02 -0.01 -0.01
Average Shares Outstanding Basic 13,266.00 13,315.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00
Average Shares Outstanding Diluted 13,266.00 13,315.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00 13,320.00
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 2023-03-31
Operating Cash Flow -3,658.00 -8,966.00 -6,326.00 28,001.00 -24,423.00 -20,637.00 -14,230.00 -534.00 -12,975.00 -4,656.00 -554.00
   Operating Net Income -94,984.00 -95,534.00 -16,092.00 60,643.00 14,521.00 -153,896.00 -97,992.00 675,112.00 -524,864.00 -361,348.00 -181,480.00
   Deprecation and Amortization 3,022.00 1,929.00 977.00 -2,563.00 3,347.00 2,361.00 1,183.00 -1,974.00 3,295.00 2,171.00 1,080.00
   Deferred Income Tax 0 0 0 -24,800.00 0 0 0 19,100.00 -16,600.00 0 0
   Share Based Compensation 0 0 0 0 0 0 0 -3,556.00 1,778.00 1,778.00 1,778.00
   Change in Working Capital -922.00 -326.00 407.00 1,107.00 -3,769.00 -527.00 -2,092.00 -15,172.00 12,116.00 13,820.00 1,111.00
   Other Operating Activities 89,226.00 84,965.00 8,382.00 -6,386.00 -38,522.00 131,425.00 84,671.00 -674,044.00 511,300.00 338,923.00 176,957.00
Investing Cash Flow -18,314.00 -4,403.00 -8,276.00 -43,303.00 16,465.00 17,510.00 9,634.00 -205,520.00 145,881.00 128,880.00 116,779.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net 6,584.00 1,506.00 369.00 -7,607.00 9,633.00 8,637.00 740.00 -166.00 5,578.00 1,436.00 -304.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -24,898.00 -5,909.00 -8,645.00 -35,696.00 6,832.00 8,873.00 8,894.00 -205,354.00 140,303.00 127,444.00 117,083.00
Financing Cash Flow 32,202.00 23,710.00 12,089.00 14,032.00 1,783.00 0 0 97,275.00 -89,164.00 -73,904.00 -48,268.00
   Net Issuance/Repayment of Debt 46,055.00 34,255.00 22,340.00 14,032.00 1,783.00 0 0 -531,353.00 303,070.00 288,070.00 263,070.00
   Net Issuance/Repurchase of Equity 3,470.00 189.00 0 0 0 0 0 0 0 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -17,323.00 -10,734.00 -10,251.00 0.00 0.00 0 0 628,628.00 -392,234.00 -361,974.00 -311,338.00
Net Change in Cash 10,230.00 10,341.00 -2,513.00 -1,270.00 -6,175.00 -3,127.00 -4,596.00 -108,779.00 43,742.00 50,320.00 67,957.00
   Cash at Beginning of Period 45,546.00 45,546.00 45,546.00 46,816.00 60,714.00 60,714.00 60,714.00 169,493.00 7,474.00 7,474.00 7,474.00
   Cash at End of Period 55,776.00 55,887.00 43,033.00 45,546.00 54,539.00 57,587.00 56,118.00 60,714.00 51,216.00 57,794.00 75,431.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0