Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -365.00 -18.04 -61.60 -29.92
Price to Sales 0.71 1.04 0.56 0.81
Book Value Per Common Share 3.12 3.10 3.28 3.28
Price to Book 1.17 1.40 0.94 2.37
Price to Operating Cash Flow 6.80 17.78 14.65 17.50
Price to Free Cash Flow 8.40 28.71 42.19 45.47
Enterprise Value to EBITDA 97071.65 450333.32 100925.25 456952.11
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 170.50 -366.00 -98.33 36.50 -168.00
Price to Sales 2.06 2.47 2.36 2.56 2.66
Book Value Per Common Share 3.13 3.11 3.11 3.12 3.00
Price to Book 1.09 1.18 0.95 1.17 1.12
Price to Operating Cash Flow 19.28 24.21 20.97 20.30 23.14
Price to Free Cash Flow 22.16 33.61 27.96 24.22 26.88
Enterprise Value to EBITDA 368125.21 457845.86 663849.84 170599.97 385607.22

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 22.68 2.75 1.65
EBITDA YoY 287.02 -57.74 94.64
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY 6.72 8.88 -12.94 13.40
EBITDA YoY 13.46 64.69 -80.02 145.90
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.67 0.53 1.03 2.23
Quick Ratio 1.24 1.15 1.41 1.41
Current Ratio 1.35 1.32 1.61 1.57
Debt to Equity 0.63 0.62 0.83 1.08
Long-Term Debt to Equity 0.17 0.21 0.39 0.56
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 0.38 0.37 0.63 0.67 0.63
Quick Ratio 0.91 0.93 1.19 1.24 1.16
Current Ratio 1.06 1.08 1.32 1.35 1.31
Debt to Equity 0.68 0.65 0.64 0.63 0.64
Long-Term Debt to Equity 0.17 0.18 0.20 0.17 0.21

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -0.22 -4.80 -0.78 -2.31
ROE -0.36 -7.76 -1.43 -4.81
Gross Margin 30.25 29.56 33.13 32.00
Operating Margin 1.47 -4.43 -0.98 -0.96
EBITDA Margin 7.18 2.28 5.54 2.89
Net Profit Margin -0.21 -5.70 -0.85 -2.68
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.34 -0.28 -0.53 1.93 -0.39
ROE 0.58 -0.47 -0.87 3.15 -0.64
Gross Margin 27.98 29.13 27.91 36.17 30.69
Operating Margin 1.31 0.01 -1.46 9.62 1.05
EBITDA Margin 5.42 5.10 3.37 14.70 6.78
Net Profit Margin 1.06 -0.93 -2.05 6.75 -1.49

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 1,718,658.00 1,707,802.00 1,529,623.00 1,597,314.00
   Current Assets 656,001.00 559,412.00 593,908.00 628,948.00
      Cash and Short-Term Investments 230,363.00 181,833.00 262,807.00 319,319.00
            Cash and Cash Equivalents 226,583.00 176,108.00 165,893.00 319,319.00
            Short-Term Investments 3,780.00 5,725.00 96,914.00 0
      Net Receivables 370,110.00 306,307.00 256,708.00 245,235.00
      Inventory 0 0 0 0
      Other Current Assets 55,528.00 71,272.00 74,393.00 64,394.00
   Non-Current Assets 1,062,657.00 1,148,390.00 935,715.00 968,366.00
      Property, Plant, Equipment Net 128,384.00 133,901.00 139,865.00 128,364.00
      Goodwill 555,931.00 555,931.00 555,869.00 550,380.00
      Intangible Assets 65,067.00 125,258.00 189,156.00 250,923.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 3,821.00 1,876.00
      Other Non-Current Assets 0 333,300.00 47,004.00 36,823.00
Liabilities 666,752.00 650,740.00 695,088.00 829,743.00
   Current Liabilities 485,582.00 423,965.00 368,222.00 400,561.00
      Payables and Expenses 339,969.00 302,794.00 260,366.00 272,540.00
            Account Payables 309,229.00 282,012.00 247,504.00 259,941.00
            Current Accrued Liabilities 30,740.00 20,782.00 12,862.00 12,599.00
      Short-Term Debt 21,881.00 23,264.00 17,753.00 15,958.00
      Other Current Liabilities 123,732.00 97,907.00 90,103.00 112,063.00
   Non-Current Liabilities 181,170.00 226,775.00 326,866.00 429,182.00
      Long-Term Debt 159,013.00 191,614.00 280,977.00 346,928.00
      Other Non-Current Liabilities 22,157.00 35,161.00 45,889.00 82,254.00
Equity 1,051,906.00 1,057,062.00 834,535.00 767,571.00
   Shareholders Equity 1,051,906.00 1,057,062.00 834,535.00 767,571.00
      Capital Stock 0 0 0 0
      Share Premium 1,335,825.00 1,262,093.00 903,789.00 824,016.00
      Retained Earnings -154,220.00 -150,460.00 -68,420.00 -56,445.00
      Treasury Shares 130,117.00 55,513.00 0 0
      Accumulated Other Comprehensive Income 418.00 942.00 -834.00 0
   Minority Interest 0 0 0 0
Debt 180,894.00 214,878.00 298,730.00 362,886.00
Net Debt 0 0 60,156.00 0
Common Shares Outstanding 337,345.27 340,869.32 254,133.86 234,031.75
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 1,766,220.00 1,439,685.00 1,401,150.00 1,378,458.00
Cost Of Revenue 1,232,002.00 1,014,127.00 936,897.00 937,387.00
Interest Income 0 0 0 11,293.00
Non-Interest Expense 365,863.00 353,040.00 348,642.00 336,403.00
Gross Profit 534,218.00 425,558.00 464,253.00 441,071.00
Operating Expenses 508,301.00 489,295.00 477,918.00 454,336.00
   Selling, General and Administrative Expenses 365,863.00 353,040.00 348,642.00 336,403.00
   Research and Development Expenses 142,438.00 136,255.00 129,276.00 117,933.00
Operating Income 25,917.00 -63,737.00 -13,665.00 -13,265.00
EBT 13,937.00 -76,541.00 -4,452.00 -1,972.00
Income Tax 17,697.00 5,499.00 7,523.00 22,976.00
Net Income Including Non-Controlling Interests -3,760.00 -82,040.00 -11,975.00 -24,948.00
Net Income -3,760.00 -82,040.00 -11,975.00 -36,892.00
EBIT 25,917.00 -63,737.00 -13,665.00 -13,265.00
Deprecation and Amortization 100,928.00 96,512.00 91,221.00 53,111.00
EBITDA 126,845.00 32,775.00 77,556.00 39,846.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 343,388.91 346,376.11 254,284.78 142,883.48
Average Shares Outstanding Diluted 343,388.91 346,376.11 254,284.78 142,883.48
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 184,331.00 84,373.00 53,484.00 63,521.00
   Operating Net Income -3,760.00 -82,040.00 -11,975.00 -24,948.00
   Deprecation and Amortization 100,928.00 96,512.00 91,221.00 53,111.00
   Deferred Income Tax 0 -15,496.00 -17,329.00 -1,581.00
   Share Based Compensation 67,098.00 64,331.00 74,921.00 127,957.00
   Change in Working Capital 14,517.00 4,737.00 -82,018.00 -66,444.00
   Other Operating Activities 0 16,329.00 -1,336.00 -24,574.00
Investing Cash Flow -30,109.00 59,640.00 -139,561.00 -620,460.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -35,155.00 -32,133.00 -34,914.00 -39,070.00
   Net Purchase/Sale of Investments Net 5,765.00 92,503.00 -96,757.00 0
   Net Purchase/Sale of Business -719.00 0 -7,981.00 -583,457.00
   Other Investing Activities 0.00 -730.00 91.00 2,067.00
Financing Cash Flow -99,983.00 -134,614.00 -62,873.00 631,127.00
   Net Issuance/Repayment of Debt -30,000.00 -82,250.00 -64,264.00 288,000.00
   Net Issuance/Repurchase of Equity -73,766.00 -55,513.00 0 285,378.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 3,783.00 3,149.00 1,391.00 57,749.00
Net Change in Cash 54,239.00 9,399.00 -148,950.00 74,188.00
   Cash at Beginning of Period 176,108.00 165,893.00 319,319.00 242,811.00
   Cash at End of Period 226,583.00 176,108.00 165,893.00 319,319.00
Free Cash Flow 149,176.00 52,240.00 18,570.00 24,451.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 1,529,346.00 1,528,581.00 1,650,782.00 1,718,658.00 1,662,917.00
   Current Assets 492,096.00 472,977.00 577,914.00 656,001.00 577,867.00
      Cash and Short-Term Investments 115,475.00 115,241.00 216,223.00 230,363.00 217,230.00
            Cash and Cash Equivalents 115,475.00 115,241.00 216,223.00 226,583.00 217,230.00
            Short-Term Investments 0 0 0 3,780.00 0
      Net Receivables 308,900.00 295,778.00 304,914.00 370,110.00 297,330.00
      Inventory 0 0 0 0 0
      Other Current Assets 67,721.00 61,958.00 56,777.00 55,528.00 63,307.00
   Non-Current Assets 1,037,250.00 1,055,604.00 1,072,868.00 1,062,657.00 1,085,050.00
      Property, Plant, Equipment Net 162,805.00 157,637.00 157,187.00 128,384.00 134,025.00
      Goodwill 555,931.00 555,931.00 555,931.00 555,931.00 555,931.00
      Intangible Assets 25,012.00 37,573.00 51,320.00 65,067.00 78,485.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 293,502.00 304,463.00 308,430.00 313,275.00 316,609.00
Liabilities 617,884.00 603,548.00 642,573.00 666,752.00 651,102.00
   Current Liabilities 466,223.00 439,991.00 437,269.00 485,582.00 442,223.00
      Payables and Expenses 436,825.00 412,243.00 410,965.00 339,969.00 420,350.00
            Account Payables 301,680.00 290,883.00 279,510.00 309,229.00 273,618.00
            Current Accrued Liabilities 135,145.00 121,360.00 131,455.00 30,740.00 146,732.00
      Short-Term Debt 29,398.00 27,748.00 26,304.00 21,881.00 21,873.00
      Other Current Liabilities 0.00 0.00 0.00 123,732.00 0.00
   Non-Current Liabilities 151,661.00 163,557.00 205,304.00 181,170.00 208,879.00
      Long-Term Debt 139,238.00 147,702.00 187,172.00 159,013.00 191,040.00
      Other Non-Current Liabilities 12,423.00 15,855.00 18,132.00 22,157.00 17,839.00
Equity 911,462.00 925,033.00 1,008,209.00 1,051,906.00 1,011,815.00
   Shareholders Equity 911,462.00 925,033.00 1,008,209.00 1,051,906.00 1,011,815.00
      Capital Stock 0 0 0 0 0
      Share Premium 1,386,921.00 1,369,870.00 1,351,576.00 1,335,825.00 1,319,043.00
      Retained Earnings -162,071.00 -167,315.00 -162,970.00 -154,220.00 -187,363.00
      Treasury Shares 314,881.00 280,290.00 179,624.00 130,117.00 120,030.00
      Accumulated Other Comprehensive Income 1,493.00 2,768.00 -773.00 418.00 165.00
   Minority Interest 0 0 0 0 0
Debt 168,636.00 175,450.00 213,476.00 180,894.00 212,913.00
Common Shares Outstanding 290,892.93 297,085.28 324,498.90 337,345.27 336,844.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 496,764.00 465,474.00 427,493.00 491,040.00 433,012.00
Cost Of Revenue 357,745.00 329,863.00 308,186.00 313,430.00 300,135.00
Interest Income 0 0 2,097.00 0 0
Non-Interest Expense 94,647.00 98,085.00 89,613.00 94,213.00 91,592.00
Gross Profit 139,019.00 135,611.00 119,307.00 177,610.00 132,877.00
Operating Expenses 132,514.00 135,567.00 125,569.00 130,387.00 128,319.00
   Selling, General and Administrative Expenses 94,647.00 98,085.00 89,613.00 94,213.00 91,592.00
   Research and Development Expenses 37,867.00 37,482.00 35,956.00 36,174.00 36,727.00
Operating Income 6,505.00 44.00 -6,262.00 47,223.00 4,558.00
EBT 7,005.00 -2,447.00 -10,762.00 38,983.00 3,452.00
Income Tax 1,761.00 1,898.00 -2,012.00 5,840.00 9,906.00
Net Income Including Non-Controlling Interests 5,244.00 -4,345.00 -8,750.00 33,143.00 -6,454.00
Net Income 5,244.00 -4,345.00 -8,750.00 33,143.00 -6,454.00
EBIT 6,505.00 44.00 -6,262.00 47,223.00 4,558.00
Deprecation and Amortization 20,441.00 23,705.00 20,682.00 24,952.00 24,793.00
EBITDA 26,946.00 23,749.00 14,420.00 72,175.00 29,351.00
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 300,723.66 313,572.28 341,961.00 344,451.73 342,886.22
Average Shares Outstanding Diluted 305,679.08 313,572.28 341,961.00 348,834.25 342,886.22
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 53,203.00 47,397.00 48,111.00 61,935.00 49,772.00
   Operating Net Income 5,244.00 -4,345.00 -8,750.00 33,143.00 -6,454.00
   Deprecation and Amortization 20,441.00 23,705.00 20,682.00 24,952.00 24,793.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 15,714.00 16,572.00 15,517.00 15,206.00 17,186.00
   Change in Working Capital 9,270.00 9,933.00 12,379.00 -19,958.00 14,994.00
   Other Operating Activities 2,534.00 1,532.00 8,283.00 8,592.00 -747.00
Investing Cash Flow -6,714.00 -13,236.00 -8,261.00 -10,025.00 -6,908.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -6,914.00 -13,236.00 -12,041.00 -10,025.00 -6,908.00
   Net Purchase/Sale of Investments Net 200.00 0 3,780.00 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 0.00 0.00 0.00 0.00
Financing Cash Flow -46,476.00 -138,780.00 -51,248.00 -37,662.00 -9,741.00
   Net Issuance/Repayment of Debt -14,000.00 -38,500.00 1,249.00 -30,000.00 0
   Net Issuance/Repurchase of Equity -33,410.00 -101,371.00 -51,697.00 -8,827.00 -10,000.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 934.00 1,091.00 -800.00 1,165.00 259.00
Net Change in Cash 13.00 -104,619.00 -11,398.00 14,248.00 33,123.00
   Cash at Beginning of Period 115,241.00 216,223.00 226,583.00 217,230.00 182,198.00
   Cash at End of Period 115,475.00 115,241.00 216,223.00 226,583.00 217,230.00
Free Cash Flow 46,289.00 34,161.00 36,070.00 51,910.00 42,864.00