Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 1.62 -0.83 -0.97 -0.98
Price to Sales 0.24 0.19 1.02 0.28
Book Value Per Common Share 3.08 2.77 2.98 3.42
Price to Book 0.33 0.24 0.51 0.28
Price to Operating Cash Flow 1.28 0.36 -1.31 -0.53
Price to Free Cash Flow 1.46 0.37 -1.25 -0.50
Enterprise Value to EBITDA 34598.84
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 5.29 7.02 -36.67 -4.86 3.94
Price to Sales 0.53 0.72 1.09 1.17 0.91
Book Value Per Common Share 2.98 2.96 2.94 3.08 2.98
Price to Book 0.32 0.28 0.37 0.33 0.48
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA 156127.94 218311.93 118724.83

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 16.40 140.32 -56.93
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 50.00
Revenue YoY 49.84 14.75 14.39 -44.77
EBITDA YoY 58.16
Net Profit YoY 35.97

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 7.45 9.34 7.10 7.81
Quick Ratio 1.14 1.34 1.41 1.36
Current Ratio 1.35 1.57 1.55 1.51
Debt to Equity 0.89 1.00 0.77 0.83
Long-Term Debt to Equity 0.01 0.02 0.04 0.05
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 8.44 9.23 8.98 7.61 10.74
Quick Ratio 1.44 1.29 1.30 1.14 1.44
Current Ratio 1.80 1.63 1.55 1.35 1.70
Debt to Equity 0.75 0.92 0.87 0.89 0.89
Long-Term Debt to Equity 0.01 0.01 0.01 0.01 0.01

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 4.04 -5.06 -10.30 -5.29
ROE 7.65 -10.13 -18.27 -9.70
Gross Margin 69.71 66.56 48.77 40.23
Operating Margin 16.82 -21.65 -108.43 -28.52
EBITDA Margin 20.15 -14.93 -87.65 -13.55
Net Profit Margin 15.03 -22.50 -105.32 -28.50
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 1.16 0.79 -0.26 -1.27 2.21
ROE 2.03 1.50 -0.49 -2.40 4.18
Gross Margin 54.24 63.76 59.01 67.94 65.48
Operating Margin 10.60 10.04 -4.13 -23.71 23.89
EBITDA Margin 10.60 10.04 -4.13 -23.71 23.89
Net Profit Margin 9.77 10.77 -4.00 -23.56 23.90

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 1,909,437.00 1,960,480.00 1,877,930.00 2,297,809.00
   Current Assets 1,203,396.00 1,508,118.00 1,199,968.00 1,475,442.00
      Cash and Short-Term Investments 897,827.00 1,156,879.00 878,248.00 964,978.00
            Cash and Cash Equivalents 465,004.00 378,989.00 153,835.00 349,077.00
            Short-Term Investments 432,823.00 777,890.00 724,413.00 615,901.00
      Net Receivables 116,495.00 130,771.00 211,284.00 370,278.00
      Inventory 0 0 0 0
      Other Current Assets 189,074.00 220,468.00 110,436.00 140,186.00
   Non-Current Assets 706,041.00 452,362.00 677,962.00 822,367.00
      Property, Plant, Equipment Net 42,115.00 69,963.00 118,386.00 146,274.00
      Goodwill 0 0 114,661.00 232,007.00
      Intangible Assets 110,677.00 116,620.00 123,262.00 150,028.00
      Long-Term Investments 534,041.00 209,819.00 230,562.00 201,947.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 19,208.00 55,960.00 91,091.00 92,111.00
Liabilities 900,487.00 980,649.00 819,584.00 1,044,668.00
   Current Liabilities 893,656.00 958,879.00 774,304.00 979,013.00
      Payables and Expenses 361,206.00 392,733.00 339,702.00 479,908.00
            Account Payables 290,112.00 317,104.00 261,873.00 383,626.00
            Current Accrued Liabilities 39,765.00 39,418.00 38,465.00 42,685.00
      Short-Term Debt 194,638.00 203,071.00 233,533.00 238,362.00
      Other Current Liabilities 337,812.00 363,075.00 201,069.00 260,743.00
   Non-Current Liabilities 6,831.00 21,770.00 45,280.00 65,655.00
      Long-Term Debt 1,680.00 15,743.00 38,441.00 53,176.00
      Other Non-Current Liabilities 5,151.00 6,027.00 6,839.00 12,479.00
Equity 1,008,950.00 979,831.00 1,058,346.00 1,253,141.00
   Shareholders Equity 1,080,591.00 1,030,850.00 1,108,024.00 1,269,144.00
      Capital Stock 249.00 249.00 249.00 249.00
      Share Premium 9,146,928.00 9,138,720.00 9,125,655.00 9,125,748.00
      Retained Earnings -8,050,378.00 -8,127,552.00 -8,028,261.00 -7,834,879.00
      Treasury Shares 329,668.00 285,983.00 288,600.00 293,795.00
      Accumulated Other Comprehensive Income 313,460.00 305,416.00 298,981.00 271,821.00
   Minority Interest -71,641.00 -51,019.00 -49,678.00 -16,003.00
Debt 196,318.00 218,814.00 271,974.00 291,538.00
Net Debt 0 0 79,218.00 0
Common Shares Outstanding 351,162.16 371,531.10 371,379.61 371,065.02
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 513,622.00 441,270.00 183,620.00 426,348.00
Cost Of Revenue 155,590.00 147,581.00 94,066.00 254,815.00
Interest Income 19,866.00 5,689.00 27,181.00 50,041.00
Interest Expense 3,320.00 3,525.00 4,912.00 7,491.00
Non-Interest Expense 267,978.00 230,927.00 212,552.00 324,514.00
Gross Profit 358,032.00 293,689.00 89,554.00 171,533.00
Operating Expenses 294,772.00 280,892.00 187,666.00 353,072.00
   Selling, General and Administrative Expenses 267,978.00 230,927.00 212,552.00 324,514.00
   Research and Development Expenses 52,682.00 56,974.00 50,799.00 54,622.00
   Other Operating Expenses -25,888.00 -7,009.00 -75,685.00 -26,064.00
Operating Income 63,260.00 12,797.00 -98,112.00 -181,539.00
Net Non-Operating Income 10,081.00 7,107.00 6,136.00 2,895.00
EBT 83,050.00 -99,076.00 -204,019.00 -129,064.00
Income Tax 837.00 1,441.00 -731.00 130.00
Net Income Including Non-Controlling Interests 83,699.00 -101,097.00 -202,996.00 -128,468.00
Net Income Non-Controlling Interests -6,525.00 1,806.00 9,614.00 6,944.00
Net Income 77,174.00 -99,291.00 -193,382.00 -121,524.00
EBIT 86,370.00 -95,551.00 -199,107.00 -121,573.00
Deprecation and Amortization 17,135.00 29,685.00 38,163.00 63,807.00
EBITDA 103,505.00 -65,866.00 -160,944.00 -57,766.00
EPS 0.00 -0.00 -0.00 -0.00
Diluted EPS 0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 120,494.12 123,817.72 123,736.07 123,624.77
Average Shares Outstanding Diluted 121,239.65 123,817.72 123,736.07 123,624.77
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 96,281.00 232,838.00 -142,991.00 -226,342.00
   Operating Net Income 83,699.00 -101,097.00 -202,996.00 -128,468.00
   Deprecation and Amortization 17,135.00 29,685.00 38,163.00 63,807.00
   Deferred Income Tax -779.00 -812.00 -1,741.00 -2,382.00
   Share Based Compensation 9,406.00 15,926.00 5,049.00 9,132.00
   Change in Working Capital 22,304.00 156,261.00 14,208.00 -134,755.00
   Other Operating Activities -35,484.00 132,875.00 4,326.00 -33,676.00
Investing Cash Flow 26,661.00 40,930.00 -51,828.00 703,826.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -11,813.00 -9,788.00 -6,450.00 -14,742.00
   Net Purchase/Sale of Investments Net 31,605.00 -28,576.00 -80,757.00 846,847.00
   Net Purchase/Sale of Business -7,149.00 3,243.00 -16,065.00 0
   Other Investing Activities 14,018.00 76,051.00 51,444.00 -128,279.00
Financing Cash Flow -73,979.00 -22,579.00 -486.00 -344,562.00
   Net Issuance/Repayment of Debt -1,970.00 -22,803.00 -532.00 -343,032.00
   Net Issuance/Repurchase of Equity -44,892.00 0 0 0
   Dividends Paid 0 0 0 0
   Other Financing Activities -27,117.00 224.00 46.00 -1,530.00
Net Change in Cash 48,963.00 251,189.00 -195,305.00 132,922.00
   Cash at Beginning of Period 444,891.00 197,887.00 395,598.00 264,104.00
   Cash at End of Period 491,065.00 444,891.00 197,887.00 395,598.00
Free Cash Flow 84,468.00 223,050.00 -149,441.00 -241,084.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 1,702,022.00 1,850,388.00 1,800,734.00 1,909,437.00 2,006,916.00
   Current Assets 1,302,758.00 1,433,522.00 1,285,499.00 1,203,396.00 1,589,940.00
      Cash and Short-Term Investments 954,078.00 1,064,672.00 1,044,095.00 897,827.00 1,279,013.00
            Cash and Cash Equivalents 229,141.00 438,084.00 489,896.00 465,004.00 401,925.00
            Short-Term Investments 724,937.00 626,588.00 554,199.00 432,823.00 877,088.00
      Net Receivables 87,068.00 64,128.00 38,466.00 116,495.00 61,837.00
      Inventory 0 0 0 0 0
      Other Current Assets 261,612.00 304,722.00 202,938.00 189,074.00 249,090.00
   Non-Current Assets 399,264.00 416,866.00 515,235.00 706,041.00 416,976.00
      Property, Plant, Equipment Net 27,264.00 27,924.00 37,526.00 42,115.00 63,300.00
      Goodwill 0 0 0 0 0
      Intangible Assets 20,482.00 20,520.00 109,333.00 110,677.00 112,137.00
      Long-Term Investments 330,784.00 349,130.00 349,290.00 534,041.00 210,991.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 19,208.00 0
Liabilities 729,165.00 884,304.00 838,374.00 900,487.00 942,900.00
   Current Liabilities 723,290.00 878,110.00 831,836.00 893,656.00 934,097.00
      Payables and Expenses 626,113.00 681,498.00 669,345.00 361,206.00 752,687.00
            Account Payables 327,405.00 348,323.00 305,416.00 290,112.00 397,331.00
            Current Accrued Liabilities 266,936.00 307,272.00 339,807.00 39,765.00 323,590.00
      Short-Term Debt 3,330.00 3,199.00 3,106.00 194,638.00 3,152.00
      Other Current Liabilities 93,847.00 193,413.00 159,385.00 337,812.00 178,258.00
   Non-Current Liabilities 5,875.00 6,194.00 6,538.00 6,831.00 8,803.00
      Long-Term Debt 1,198.00 1,373.00 1,574.00 1,680.00 3,465.00
      Other Non-Current Liabilities 4,677.00 4,821.00 4,964.00 5,151.00 5,338.00
Equity 972,857.00 966,084.00 962,360.00 1,008,950.00 1,064,016.00
   Shareholders Equity 1,045,037.00 1,038,230.00 1,034,085.00 1,080,591.00 1,107,651.00
      Capital Stock 249.00 249.00 249.00 249.00 249.00
      Share Premium 9,120,883.00 9,119,636.00 9,118,363.00 9,146,928.00 9,145,624.00
      Retained Earnings -8,020,799.00 -8,040,550.00 -8,055,076.00 -8,050,378.00 -8,026,171.00
      Treasury Shares 364,956.00 352,079.00 342,050.00 329,668.00 316,943.00
      Accumulated Other Comprehensive Income 309,660.00 310,974.00 312,599.00 313,460.00 304,892.00
   Minority Interest -72,180.00 -72,146.00 -71,725.00 -71,641.00 -43,635.00
Debt 4,528.00 4,572.00 4,680.00 196,318.00 6,617.00
Common Shares Outstanding 351,162.16 351,162.16 351,162.16 351,162.16 371,531.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 202,060.00 134,854.00 117,516.00 102,732.00 185,995.00
Cost Of Revenue 92,455.00 48,865.00 48,169.00 32,935.00 64,212.00
Interest Income 8,912.00 7,279.00 7,829.00 -5,609.00 7,213.00
Interest Expense 576.00 583.00 551.00 612.00 865.00
Non-Interest Expense 80,030.00 62,779.00 65,943.00 69,538.00 79,178.00
Gross Profit 109,605.00 85,989.00 69,347.00 69,797.00 121,783.00
Operating Expenses 95,766.00 78,870.00 80,145.00 82,494.00 92,616.00
   Selling, General and Administrative Expenses 80,030.00 62,779.00 65,943.00 69,538.00 79,178.00
   Research and Development Expenses 15,734.00 16,403.00 14,528.00 13,325.00 13,640.00
   Other Operating Expenses 2.00 -312.00 -326.00 -369.00 -202.00
Operating Income 13,839.00 7,119.00 -10,798.00 -12,697.00 29,167.00
Net Non-Operating Income -480.00 -55.00 -364.00 49.00 6,931.00
EBT 20,837.00 12,956.00 -5,405.00 -24,971.00 43,561.00
Income Tax 625.00 274.00 52.00 283.00 159.00
Net Income Including Non-Controlling Interests 19,368.00 14,105.00 -5,352.00 -25,066.00 43,866.00
Net Income Non-Controlling Interests 383.00 421.00 654.00 859.00 582.00
Net Income 19,751.00 14,526.00 -4,698.00 -24,207.00 44,448.00
EBIT 21,413.00 13,539.00 -4,854.00 -24,359.00 44,426.00
EBITDA 21,413.00 13,539.00 -4,854.00 -24,359.00 44,426.00
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 113,085.12 115,309.65 116,282.46 118,035.62 119,142.37
Average Shares Outstanding Diluted 113,798.47 115,309.65 116,282.46 118,035.62 119,869.24
Breakdown
Operating Cash Flow
   Operating Net Income
   Deprecation and Amortization
   Deferred Income Tax
   Share Based Compensation
   Change in Working Capital
   Other Operating Activities
Investing Cash Flow
   Capital Expenditure
   Net Purchase/Sale of PPE
   Net Purchase/Sale of Investments Net
   Net Purchase/Sale of Business
   Other Investing Activities
Financing Cash Flow
   Net Issuance/Repayment of Debt
   Net Issuance/Repurchase of Equity
   Dividends Paid
   Other Financing Activities
Net Change in Cash
   Cash at Beginning of Period
   Cash at End of Period
Free Cash Flow