TNK
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 3.39 | 3.32 | 4.57 | -1.52 |
| Price to Sales | 1.11 | 1.16 | 0.89 | 0.68 |
| Book Value Per Common Share | 51.12 | 45.47 | 31.53 | 24.81 |
| Price to Book | 0.78 | 1.10 | 0.98 | 0.44 |
| Price to Operating Cash Flow | 2.90 | 2.70 | 5.25 | -3.44 |
| Price to Free Cash Flow | 3.45 | 2.75 | 5.68 | -2.87 |
| Enterprise Value to EBITDA | 27065.77 | 25900.82 | 28076.36 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 19.00 | 23.05 | 17.40 | 16.72 | 32.72 |
| Price to Sales | 7.65 | 6.20 | 5.70 | 3.91 | 7.32 |
| Book Value Per Common Share | 55.92 | 53.50 | 52.98 | 51.12 | 50.79 |
| Price to Book | 0.90 | 0.78 | 0.72 | 0.78 | 1.15 |
| Price to Operating Cash Flow | 23.41 | 19.92 | 22.90 | 15.67 | 18.47 |
| Price to Free Cash Flow | -32.87 | 95.91 | 25.87 | 15.72 | 45.02 |
| Enterprise Value to EBITDA | 156623.75 | 171692.01 | 132329.60 | 112619.14 | 231989.51 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -22.01 | 123.15 | ||
| Revenue YoY | -16.58 | 25.11 | 117.19 | |
| EBITDA YoY | -23.20 | 76.60 | ||
| Net Profit YoY | -22.36 | 120.83 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 46.96 | -17.73 | -7.56 | 33.71 | |
| Revenue YoY | -1.65 | 0.53 | -34.03 | 27.94 | |
| EBITDA YoY | 32.85 | -15.74 | -17.98 | 40.73 | |
| Net Profit YoY | 47.06 | -17.65 | -18.34 | 51.32 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 15.53 | 11.46 | 5.31 | 1.49 |
| Quick Ratio | 5.15 | 3.49 | 2.25 | 0.89 |
| Current Ratio | 5.66 | 3.97 | 2.70 | 1.56 |
| Debt to Equity | 0.12 | 0.25 | 0.67 | 0.93 |
| Long-Term Debt to Equity | 0.05 | 0.14 | 0.51 | 0.74 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 22.99 | 21.13 | 20.17 | 15.50 | 13.42 |
| Quick Ratio | 7.93 | 6.59 | 7.12 | 5.15 | 5.83 |
| Current Ratio | 8.78 | 7.86 | 8.05 | 5.66 | 6.80 |
| Debt to Equity | 0.09 | 0.11 | 0.11 | 0.12 | 0.10 |
| Long-Term Debt to Equity | 0.03 | 0.04 | 0.04 | 0.05 | 0.04 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 20.45 | 26.78 | 13.20 | -14.97 |
| ROE | 22.98 | 33.54 | 22.00 | -28.91 |
| Gross Margin | 32.07 | 39.47 | 25.97 | -10.70 |
| Operating Margin | 33.48 | 38.01 | 23.21 | -38.58 |
| EBITDA Margin | 41.09 | 44.63 | 31.62 | -19.03 |
| Net Profit Margin | 32.84 | 35.28 | 19.99 | -44.69 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 4.36 | 3.04 | 3.76 | 4.72 | 3.21 |
| ROE | 4.77 | 3.39 | 4.17 | 5.30 | 3.53 |
| Gross Margin | 23.87 | 26.27 | 19.84 | 19.20 | 26.20 |
| Operating Margin | 39.53 | 27.04 | 32.95 | 27.61 | 22.89 |
| EBITDA Margin | 48.67 | 36.03 | 42.99 | 34.57 | 31.43 |
| Net Profit Margin | 40.21 | 26.89 | 32.82 | 26.52 | 22.42 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | ||
| Dividend Payout Ratio | 25.47 | 11.45 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 9.38 | 68.88 | 11.31 | 9.22 | 13.94 |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 1,973,968.00 | 1,941,667.00 | 1,783,654.00 | 1,618,749.00 |
| Current Assets | 747,941.00 | 666,977.00 | 459,509.00 | 245,395.00 |
| Cash and Short-Term Investments | 534,330.00 | 391,464.00 | 180,512.00 | 50,572.00 |
| Cash and Cash Equivalents | 511,888.00 | 391,464.00 | 180,512.00 | 50,572.00 |
| Short-Term Investments | 22,442.00 | 0 | 0 | 0 |
| Net Receivables | 145,275.00 | 194,581.00 | 202,116.00 | 89,808.00 |
| Inventory | 45,990.00 | 53,219.00 | 60,832.00 | 49,028.00 |
| Other Current Assets | 22,346.00 | 27,713.00 | 16,049.00 | 55,987.00 |
| Non-Current Assets | 1,226,027.00 | 1,274,690.00 | 1,324,145.00 | 1,373,354.00 |
| Property, Plant, Equipment Net | 1,184,271.00 | 1,234,524.00 | 1,296,262.00 | 1,351,255.00 |
| Goodwill | 2,426.00 | 2,426.00 | 2,426.00 | 2,426.00 |
| Intangible Assets | 307.00 | 658.00 | 1,051.00 | 1,494.00 |
| Long-Term Investments | 15,998.00 | 15,731.00 | 16,198.00 | 12,954.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 23,025.00 | 21,351.00 | 8,208.00 | 5,225.00 |
| Liabilities | 217,418.00 | 391,510.00 | 713,648.00 | 780,337.00 |
| Current Liabilities | 132,042.00 | 168,029.00 | 170,174.00 | 157,088.00 |
| Payables and Expenses | 101,370.00 | 105,700.00 | 90,960.00 | 78,359.00 |
| Account Payables | 25,550.00 | 33,890.00 | 42,350.00 | 34,832.00 |
| Current Accrued Liabilities | 75,668.00 | 71,668.00 | 47,469.00 | 32,583.00 |
| Short-Term Debt | 24,875.00 | 56,399.00 | 76,746.00 | 76,921.00 |
| Other Current Liabilities | 5,797.00 | 5,930.00 | 2,468.00 | 1,808.00 |
| Non-Current Liabilities | 85,376.00 | 223,481.00 | 543,474.00 | 623,249.00 |
| Long-Term Debt | 37,414.00 | 168,278.00 | 499,457.00 | 577,108.00 |
| Other Non-Current Liabilities | 47,962.00 | 55,203.00 | 44,017.00 | 46,141.00 |
| Equity | 1,756,550.00 | 1,550,157.00 | 1,070,006.00 | 838,412.00 |
| Shareholders Equity | 1,756,550.00 | 1,550,157.00 | 1,070,006.00 | 838,412.00 |
| Capital Stock | 1,309,495.00 | 1,305,764.00 | 1,303,610.00 | 1,301,102.00 |
| Share Premium | 0 | 0 | 0 | 0 |
| Retained Earnings | 447,055.00 | 220,021.00 | -233,604.00 | -462,690.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 62,289.00 | 224,677.00 | 576,203.00 | 654,029.00 |
| Net Debt | 0 | 0 | 0 | 294,719.00 |
| Common Shares Outstanding | 34,360.64 | 34,093.11 | 33,938.94 | 33,788.51 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 1,229,336.00 | 1,473,699.00 | 1,177,956.00 | 542,367.00 |
| Cost Of Revenue | 835,037.00 | 892,031.00 | 871,987.00 | 600,379.00 |
| Interest Income | 24,076.00 | 10,952.00 | 1,460.00 | 122.00 |
| Interest Expense | 7,472.00 | 27,713.00 | 35,752.00 | 35,031.00 |
| Non-Interest Expense | 46,604.00 | 43,667.00 | 41,112.00 | 43,715.00 |
| Gross Profit | 394,299.00 | 581,668.00 | 305,969.00 | -58,012.00 |
| Operating Expenses | 46,604.00 | 43,667.00 | 41,112.00 | 43,715.00 |
| Selling, General and Administrative Expenses | 46,604.00 | 43,667.00 | 41,112.00 | 43,715.00 |
| Operating Income | 347,695.00 | 538,001.00 | 264,857.00 | -101,727.00 |
| Net Non-Operating Income | 1,719.00 | -4,216.00 | -2,886.00 | -2,058.00 |
| EBT | 404,072.00 | 532,482.00 | 237,663.00 | -244,303.00 |
| Income Tax | 405.00 | 12,592.00 | 2,236.00 | -1,931.00 |
| Net Income Including Non-Controlling Interests | 403,667.00 | 519,890.00 | 235,427.00 | -242,372.00 |
| Net Income | 403,667.00 | 519,890.00 | 235,427.00 | -242,372.00 |
| EBIT | 411,544.00 | 560,195.00 | 273,415.00 | -209,272.00 |
| Deprecation and Amortization | 93,582.00 | 97,551.00 | 99,033.00 | 106,084.00 |
| EBITDA | 505,126.00 | 657,746.00 | 372,448.00 | -103,188.00 |
| EPS | 0.01 | 0.02 | 0.01 | -0.01 |
| Diluted EPS | 0.01 | 0.01 | 0.01 | -0.01 |
| Average Shares Outstanding Basic | 34,406.22 | 34,159.82 | 33,997.58 | 33,859.31 |
| Average Shares Outstanding Diluted | 34,705.47 | 34,568.16 | 34,287.07 | 33,859.31 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 471,912.00 | 631,245.00 | 199,689.00 | -107,312.00 |
| Operating Net Income | 403,667.00 | 519,890.00 | 235,427.00 | -242,372.00 |
| Deprecation and Amortization | 93,582.00 | 97,551.00 | 99,033.00 | 106,084.00 |
| Deferred Income Tax | -5,720.00 | 6,590.00 | 756.00 | -3,109.00 |
| Share Based Compensation | 0 | 0 | 0 | 0 |
| Change in Working Capital | 43,146.00 | 22,754.00 | -115,030.00 | -47,985.00 |
| Other Operating Activities | -62,763.00 | -15,540.00 | -20,497.00 | 80,070.00 |
| Investing Cash Flow | -5,108.00 | 17,263.00 | 51,216.00 | 38,143.00 |
| Capital Expenditure | -4,841.00 | -10,198.00 | -15,430.00 | -21,447.00 |
| Net Purchase/Sale of PPE | 18,274.00 | 23,561.00 | 69,646.00 | 58,090.00 |
| Net Purchase/Sale of Investments Net | -21,041.00 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 2,500.00 | 3,900.00 | -3,000.00 | 0 |
| Financing Cash Flow | -343,398.00 | -470,128.00 | -113,048.00 | 21,951.00 |
| Net Issuance/Repayment of Debt | -142,168.00 | -398,314.00 | -112,034.00 | 22,176.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 |
| Dividends Paid | -102,819.00 | -59,518.00 | 0 | 0 |
| Other Financing Activities | -98,411.00 | -12,296.00 | -1,014.00 | -225.00 |
| Net Change in Cash | 123,406.00 | 178,380.00 | 137,857.00 | -47,218.00 |
| Cash at Beginning of Period | 392,155.00 | 213,775.00 | 75,918.00 | 103,146.00 |
| Cash at End of Period | 515,561.00 | 392,155.00 | 213,775.00 | 55,928.00 |
| Free Cash Flow | 396,567.00 | 621,047.00 | 184,259.00 | -128,759.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 2,113,236.00 | 2,059,521.00 | 2,023,225.00 | 1,973,968.00 | 1,916,254.00 |
| Current Assets | 1,013,117.00 | 1,040,753.00 | 943,585.00 | 747,941.00 | 687,158.00 |
| Cash and Short-Term Investments | 796,973.00 | 730,719.00 | 695,490.00 | 534,330.00 | 462,851.00 |
| Cash and Cash Equivalents | 764,670.00 | 650,038.00 | 675,420.00 | 511,888.00 | 462,851.00 |
| Short-Term Investments | 32,303.00 | 80,681.00 | 20,070.00 | 22,442.00 | 0 |
| Net Receivables | 117,315.00 | 141,112.00 | 139,119.00 | 145,275.00 | 126,053.00 |
| Inventory | 36,139.00 | 33,897.00 | 38,181.00 | 45,990.00 | 45,440.00 |
| Other Current Assets | 62,690.00 | 135,025.00 | 70,795.00 | 22,346.00 | 52,814.00 |
| Non-Current Assets | 1,100,119.00 | 1,018,768.00 | 1,079,640.00 | 1,226,027.00 | 1,229,096.00 |
| Property, Plant, Equipment Net | 1,076,019.00 | 968,811.00 | 1,028,274.00 | 1,184,271.00 | 1,205,861.00 |
| Goodwill | 24,100.00 | 2,426.00 | 2,426.00 | 2,426.00 | 2,426.00 |
| Intangible Assets | 69.00 | 7,982.00 | 4,201.00 | 307.00 | 390.00 |
| Long-Term Investments | 0 | 16,887.00 | 16,228.00 | 15,998.00 | 15,382.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | -69.00 | 22,662.00 | 28,511.00 | 23,025.00 | 5,037.00 |
| Liabilities | 181,926.00 | 212,180.00 | 199,006.00 | 217,418.00 | 171,316.00 |
| Current Liabilities | 115,342.00 | 132,355.00 | 117,219.00 | 132,042.00 | 101,093.00 |
| Payables and Expenses | 97,071.00 | 111,751.00 | 92,477.00 | 101,370.00 | 69,172.00 |
| Account Payables | 19,124.00 | 22,980.00 | 26,620.00 | 25,550.00 | 21,217.00 |
| Current Accrued Liabilities | 77,916.00 | 88,605.00 | 64,455.00 | 75,668.00 | 45,069.00 |
| Short-Term Debt | 15,118.00 | 17,212.00 | 20,000.00 | 24,875.00 | 27,646.00 |
| Other Current Liabilities | 3,153.00 | 3,392.00 | 4,742.00 | 5,797.00 | 4,275.00 |
| Non-Current Liabilities | 66,584.00 | 79,825.00 | 81,787.00 | 85,376.00 | 70,223.00 |
| Long-Term Debt | 28,229.00 | 32,414.00 | 34,023.00 | 37,414.00 | 26,354.00 |
| Other Non-Current Liabilities | 38,355.00 | 47,411.00 | 47,764.00 | 47,962.00 | 43,869.00 |
| Equity | 1,931,310.00 | 1,847,341.00 | 1,824,219.00 | 1,756,550.00 | 1,744,938.00 |
| Shareholders Equity | 1,931,310.00 | 1,847,341.00 | 1,824,219.00 | 1,756,550.00 | 1,744,938.00 |
| Capital Stock | 1,314,113.00 | 1,313,541.00 | 1,309,758.00 | 1,309,495.00 | 1,309,252.00 |
| Share Premium | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 617,197.00 | 533,800.00 | 514,461.00 | 447,055.00 | 435,686.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 43,347.00 | 49,626.00 | 54,023.00 | 62,289.00 | 54,000.00 |
| Common Shares Outstanding | 34,538.96 | 34,530.57 | 34,432.61 | 34,360.64 | 34,356.26 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 229,023.00 | 232,866.00 | 231,639.00 | 351,125.00 | 274,438.00 |
| Cost Of Revenue | 174,361.00 | 171,699.00 | 185,684.00 | 283,696.00 | 202,537.00 |
| Interest Income | 7,569.00 | 7,568.00 | 5,857.00 | 7,104.00 | 6,137.00 |
| Interest Expense | 789.00 | 777.00 | 773.00 | 802.00 | 828.00 |
| Non-Interest Expense | 11,146.00 | 14,505.00 | 9,712.00 | 7,926.00 | 10,481.00 |
| Gross Profit | 54,662.00 | 61,167.00 | 45,955.00 | 67,429.00 | 71,901.00 |
| Operating Expenses | 11,146.00 | 14,505.00 | 9,712.00 | 7,926.00 | 10,481.00 |
| Selling, General and Administrative Expenses | 11,146.00 | 14,505.00 | 9,712.00 | 7,926.00 | 10,481.00 |
| Operating Income | 43,516.00 | 46,662.00 | 36,243.00 | 59,503.00 | 61,420.00 |
| Net Non-Operating Income | 4,834.00 | 102.00 | -4,589.00 | 1,268.00 | 1,014.00 |
| EBT | 89,748.00 | 62,182.00 | 75,562.00 | 96,149.00 | 61,990.00 |
| Income Tax | -2,331.00 | -432.00 | -470.00 | 3,038.00 | 457.00 |
| Net Income Including Non-Controlling Interests | 92,079.00 | 62,614.00 | 76,032.00 | 93,111.00 | 61,533.00 |
| Net Income | 92,079.00 | 62,614.00 | 76,032.00 | 93,111.00 | 61,533.00 |
| EBIT | 90,537.00 | 62,959.00 | 76,335.00 | 96,951.00 | 62,818.00 |
| Deprecation and Amortization | 20,932.00 | 20,944.00 | 23,240.00 | 24,446.00 | 23,445.00 |
| EBITDA | 111,469.00 | 83,903.00 | 99,575.00 | 121,397.00 | 86,263.00 |
| 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 | 34,669.84 | 34,580.48 | 34,482.85 | 34,480.61 | 34,496.76 |
| Average Shares Outstanding Diluted | 34,831.26 | 34,739.40 | 34,666.72 | 34,701.47 | 34,765.01 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 74,873.00 | 72,441.00 | 57,624.00 | 87,568.00 | 108,780.00 |
| Operating Net Income | 92,079.00 | 62,614.00 | 76,032.00 | 93,111.00 | 61,533.00 |
| Deprecation and Amortization | 20,932.00 | 20,944.00 | 23,240.00 | 24,446.00 | 23,445.00 |
| Deferred Income Tax | -3,875.00 | -3,166.00 | -2,283.00 | -2,268.00 | -8.00 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 11,874.00 | 7,007.00 | -6,035.00 | 11,303.00 | 34,361.00 |
| Other Operating Activities | -46,137.00 | -14,958.00 | -33,330.00 | -39,024.00 | -10,551.00 |
| Investing Cash Flow | 48,363.00 | -55,146.00 | 111,880.00 | 44,017.00 | -61,645.00 |
| Capital Expenditure | -938.00 | -692.00 | -306.00 | -295.00 | -695.00 |
| Net Purchase/Sale of PPE | -29,477.00 | 6,546.00 | 114,534.00 | 65,353.00 | -63,450.00 |
| Net Purchase/Sale of Investments Net | 53,163.00 | -61,000.00 | -2,348.00 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 25,615.00 | 0.00 | 0.00 | 0 | 0 |
| Financing Cash Flow | -8,635.00 | -42,960.00 | -8,527.00 | -105,755.00 | -10,668.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -8,635.00 | -43,131.00 | -8,596.00 | -8,589.00 | -8,580.00 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 114,601.00 | -25,665.00 | 160,977.00 | 25,830.00 | 36,467.00 |
| Cash at Beginning of Period | 650,873.00 | 676,538.00 | 515,561.00 | 463,518.00 | 463,045.00 |
| Cash at End of Period | 765,474.00 | 650,873.00 | 676,538.00 | 515,561.00 | 499,512.00 |
| Free Cash Flow | -53,319.00 | 15,044.00 | 51,018.00 | 87,273.00 | 44,635.00 |