TTE
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 8.09 | 7.73 | 7.85 | 8.31 |
| Price to Sales | 0.65 | 0.75 | 0.61 | 0.72 |
| Book Value Per Common Share | 52.42 | 49.65 | 45.01 | 42.87 |
| Price to Book | 1.04 | 1.36 | 1.38 | 1.15 |
| Price to Operating Cash Flow | 4.13 | 4.06 | 3.40 | 4.38 |
| Price to Free Cash Flow | 7.99 | 7.20 | 5.09 | 7.38 |
| Enterprise Value to EBITDA | 28981.77 | 31203.89 | 26096.78 | 30648.22 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 36.18 | 52.03 | 38.28 | 31.69 | 66.62 |
| Price to Sales | 2.95 | 3.13 | 3.08 | 2.66 | 3.22 |
| Book Value Per Common Share | 53.21 | 52.94 | 53.12 | 52.42 | 50.89 |
| Price to Book | 1.12 | 1.16 | 1.22 | 1.04 | 1.27 |
| Price to Operating Cash Flow | 15.49 | 23.46 | 57.51 | 10.02 | 21.31 |
| Price to Free Cash Flow | 28.50 | 117.09 | -88.86 | 14.20 | 49.93 |
| Enterprise Value to EBITDA | 124369.43 | 149824.23 | 137269.80 | 121880.27 | 157498.60 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -22.71 | 10.24 | 32.94 | |
| Revenue YoY | -10.66 | -16.85 | 42.61 | |
| EBITDA YoY | -16.75 | -13.99 | 40.36 | |
| Net Profit YoY | -26.31 | 4.18 | 28.03 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 39.83 | -30.18 | -1.74 | 77.32 | |
| Revenue YoY | -1.86 | -6.73 | 1.66 | -0.66 | |
| EBITDA YoY | 15.18 | -13.73 | 4.10 | 7.44 | |
| Net Profit YoY | 37.07 | -30.23 | -2.65 | 72.45 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 13.07 | 13.63 | 16.02 | 12.43 |
| Quick Ratio | 0.81 | 0.86 | 0.92 | 0.93 |
| Current Ratio | 1.10 | 1.12 | 1.15 | 1.17 |
| Debt to Equity | 1.37 | 1.37 | 1.65 | 1.55 |
| Long-Term Debt to Equity | 0.64 | 0.63 | 0.69 | 0.72 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 13.06 | 11.25 | 12.76 | 13.28 | 13.46 |
| Quick Ratio | 0.53 | 0.51 | 0.60 | 0.81 | 0.59 |
| Current Ratio | 1.01 | 1.00 | 1.07 | 1.10 | 1.10 |
| Debt to Equity | 1.48 | 1.46 | 1.42 | 1.37 | 1.39 |
| Long-Term Debt to Equity | 0.72 | 0.69 | 0.67 | 0.64 | 0.67 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 5.52 | 7.54 | 6.76 | 5.46 |
| ROE | 13.10 | 17.90 | 17.92 | 13.94 |
| Gross Margin | 28.39 | 28.49 | 30.84 | 28.17 |
| Operating Margin | 14.91 | 16.88 | 17.23 | 15.02 |
| EBITDA Margin | 21.61 | 23.19 | 22.42 | 22.78 |
| Net Profit Margin | 8.06 | 9.77 | 7.80 | 8.68 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 1.26 | 0.92 | 1.32 | 1.39 | 0.81 |
| ROE | 3.13 | 2.26 | 3.20 | 3.29 | 1.93 |
| Gross Margin | 30.50 | 27.44 | 29.32 | 29.01 | 26.59 |
| Operating Margin | 15.95 | 12.69 | 15.41 | 15.03 | 11.25 |
| EBITDA Margin | 23.72 | 20.21 | 21.85 | 21.34 | 19.73 |
| Net Profit Margin | 8.40 | 6.01 | 8.04 | 8.40 | 4.84 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 48.97 | 35.15 | 48.65 | 51.32 |
| 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 | 60.17 | 70.49 | 48.07 | 50.51 | 85.57 |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 285,487,000.00 | 283,654,000.00 | 303,864,000.00 | 293,458,000.00 |
| Current Assets | 96,571,000.00 | 99,529,000.00 | 125,724,000.00 | 111,136,000.00 |
| Cash and Short-Term Investments | 30,547,000.00 | 33,428,000.00 | 41,580,000.00 | 33,483,000.00 |
| Cash and Cash Equivalents | 24,040,000.00 | 27,263,000.00 | 33,026,000.00 | 21,342,000.00 |
| Short-Term Investments | 6,507,000.00 | 6,165,000.00 | 8,554,000.00 | 12,141,000.00 |
| Net Receivables | 40,794,000.00 | 42,801,000.00 | 59,120,000.00 | 55,327,000.00 |
| Inventory | 18,868,000.00 | 19,317,000.00 | 22,936,000.00 | 19,952,000.00 |
| Other Current Assets | 6,362,000.00 | 3,983,000.00 | 2,088,000.00 | 2,374,000.00 |
| Non-Current Assets | 188,916,000.00 | 184,125,000.00 | 178,140,000.00 | 182,322,000.00 |
| Property, Plant, Equipment Net | 128,945,000.00 | 129,277,000.00 | 128,054,000.00 | 128,017,000.00 |
| Goodwill | 11,265,000.00 | 9,951,000.00 | 8,650,000.00 | 8,829,000.00 |
| Intangible Assets | 3,123,000.00 | 2,771,000.00 | 2,328,000.00 | 2,197,000.00 |
| Long-Term Investments | 32,973,000.00 | 30,921,000.00 | 27,375,000.00 | 30,075,000.00 |
| Non-Current Deferred Assets | 3,202,000.00 | 3,418,000.00 | 5,049,000.00 | 5,400,000.00 |
| Other Non-Current Assets | 9,408,000.00 | 7,787,000.00 | 6,684,000.00 | 7,804,000.00 |
| Liabilities | 165,232,000.00 | 164,201,000.00 | 189,294,000.00 | 178,459,000.00 |
| Current Liabilities | 87,960,000.00 | 88,785,000.00 | 109,778,000.00 | 95,102,000.00 |
| Payables and Expenses | 55,651,000.00 | 58,125,000.00 | 58,435,000.00 | 52,343,000.00 |
| Account Payables | 39,932,000.00 | 41,335,000.00 | 41,346,000.00 | 36,837,000.00 |
| Current Accrued Liabilities | 3,158,000.00 | 2,816,000.00 | 2,309,000.00 | 5,225,000.00 |
| Short-Term Debt | 10,024,000.00 | 9,590,000.00 | 15,502,000.00 | 15,035,000.00 |
| Other Current Liabilities | 22,285,000.00 | 21,070,000.00 | 35,841,000.00 | 27,724,000.00 |
| Non-Current Liabilities | 77,272,000.00 | 75,416,000.00 | 79,516,000.00 | 83,357,000.00 |
| Long-Term Debt | 41,220,000.00 | 38,280,000.00 | 41,518,000.00 | 48,014,000.00 |
| Other Non-Current Liabilities | 36,052,000.00 | 37,136,000.00 | 37,998,000.00 | 35,343,000.00 |
| Equity | 120,255,000.00 | 119,453,000.00 | 114,570,000.00 | 114,999,000.00 |
| Shareholders Equity | 117,858,000.00 | 116,753,000.00 | 111,724,000.00 | 111,736,000.00 |
| Capital Stock | 7,577,000.00 | 7,616,000.00 | 8,163,000.00 | 8,224,000.00 |
| Share Premium | 135,496,000.00 | 126,857,000.00 | 123,951,000.00 | 117,849,000.00 |
| Retained Earnings | 0 | 0 | 0 | 0 |
| Treasury Shares | 9,956,000.00 | 4,019,000.00 | 7,554,000.00 | 1,666,000.00 |
| Accumulated Other Comprehensive Income | -15,259,000.00 | -13,701,000.00 | -12,836,000.00 | -12,671,000.00 |
| Minority Interest | 2,397,000.00 | 2,700,000.00 | 2,846,000.00 | 3,263,000.00 |
| Debt | 51,244,000.00 | 47,870,000.00 | 57,020,000.00 | 63,049,000.00 |
| Net Debt | 25,109,000.00 | 18,886,000.00 | 22,557,000.00 | 40,317,000.00 |
| Common Shares Outstanding | 2,248,149.84 | 2,351,708.62 | 2,481,943.62 | 2,606,588.23 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 195,610,000.00 | 218,945,000.00 | 263,310,000.00 | 184,634,000.00 |
| Cost Of Revenue | 140,078,000.00 | 156,572,000.00 | 182,099,000.00 | 132,626,000.00 |
| Gross Profit | 55,532,000.00 | 62,373,000.00 | 81,211,000.00 | 52,008,000.00 |
| Operating Expenses | 31,427,000.00 | 31,516,000.00 | 31,518,000.00 | 28,083,000.00 |
| Other Operating Expenses | 31,427,000.00 | 31,516,000.00 | 31,518,000.00 | 28,083,000.00 |
| Operating Income | 24,105,000.00 | 30,857,000.00 | 49,693,000.00 | 23,925,000.00 |
| Net Non-Operating Income | -107,000.00 | -246,000.00 | -3,052,000.00 | -536,000.00 |
| Interest Income | 1,786,000.00 | 1,801,000.00 | 1,143,000.00 | 379,000.00 |
| Interest Expense | 2,364,000.00 | 2,153,000.00 | 2,076,000.00 | 1,770,000.00 |
| EBT | 26,806,000.00 | 34,811,000.00 | 43,286,000.00 | 25,953,000.00 |
| Income Tax | 10,775,000.00 | 13,301,000.00 | 22,242,000.00 | 9,587,000.00 |
| Net Income Including Non-Controlling Interests | 16,031,000.00 | 21,510,000.00 | 21,044,000.00 | 16,366,000.00 |
| Net Income Non-Controlling Interests | -273,000.00 | -126,000.00 | -518,000.00 | -334,000.00 |
| Net Income | 15,758,000.00 | 21,384,000.00 | 20,526,000.00 | 16,032,000.00 |
| EBIT | 29,170,000.00 | 36,964,000.00 | 45,362,000.00 | 27,723,000.00 |
| Deprecation and Amortization | 13,107,000.00 | 13,818,000.00 | 13,680,000.00 | 14,343,000.00 |
| EBITDA | 42,277,000.00 | 50,782,000.00 | 59,042,000.00 | 42,066,000.00 |
| EPS | 0.01 | 0.01 | 0.01 | 0.01 |
| Diluted EPS | 0.01 | 0.01 | 0.01 | 0.01 |
| Average Shares Outstanding Basic | 2,337,982.20 | 2,452,293.58 | 2,594,943.11 | 2,694,453.78 |
| Average Shares Outstanding Diluted | 2,337,982.20 | 2,452,293.58 | 2,594,943.11 | 2,694,453.78 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 30,854,000.00 | 40,679,000.00 | 47,367,000.00 | 30,410,000.00 |
| Operating Net Income | 16,031,000.00 | 21,510,000.00 | 21,044,000.00 | 16,366,000.00 |
| Deprecation and Amortization | 13,107,000.00 | 13,818,000.00 | 13,680,000.00 | 14,343,000.00 |
| Deferred Income Tax | 563,000.00 | 556,000.00 | 2,417,000.00 | 1,429,000.00 |
| Share Based Compensation | 0 | 0 | 0 | 0 |
| Change in Working Capital | 2,364,000.00 | 6,091,000.00 | 1,191,000.00 | -616,000.00 |
| Other Operating Activities | -1,211,000.00 | -1,296,000.00 | 9,035,000.00 | -1,112,000.00 |
| Investing Cash Flow | -17,332,000.00 | -16,454,000.00 | -15,116,000.00 | -13,656,000.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 347,000.00 | 490,000.00 | 577,000.00 | 722,000.00 |
| Net Purchase/Sale of Business | -2,399,000.00 | -1,688,000.00 | -2,301,000.00 | -2,730,000.00 |
| Other Investing Activities | -15,280,000.00 | -15,256,000.00 | -13,392,000.00 | -11,648,000.00 |
| Financing Cash Flow | -14,425,000.00 | -29,730,000.00 | -19,272,000.00 | -25,497,000.00 |
| Net Issuance/Repayment of Debt | 1,619,000.00 | -15,554,000.00 | -5,304,000.00 | -8,280,000.00 |
| Net Issuance/Repurchase of Equity | -7,474,000.00 | -8,784,000.00 | -7,341,000.00 | -1,442,000.00 |
| Dividends Paid | -7,717,000.00 | -7,517,000.00 | -9,986,000.00 | -8,228,000.00 |
| Other Financing Activities | -853,000.00 | 2,125,000.00 | 3,359,000.00 | -7,547,000.00 |
| Net Change in Cash | -903,000.00 | -5,505,000.00 | 12,979,000.00 | -8,743,000.00 |
| Cash at Beginning of Period | 27,263,000.00 | 33,026,000.00 | 21,342,000.00 | 31,268,000.00 |
| Cash at End of Period | 25,844,000.00 | 27,263,000.00 | 33,026,000.00 | 21,342,000.00 |
| Free Cash Flow | 15,945,000.00 | 22,957,000.00 | 31,677,000.00 | 18,067,000.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 291,959,000.00 | 292,817,000.00 | 291,057,000.00 | 285,487,000.00 | 284,005,000.00 |
| Current Assets | 90,934,000.00 | 90,846,000.00 | 97,127,000.00 | 96,571,000.00 | 93,895,000.00 |
| Cash and Short-Term Investments | 28,299,000.00 | 25,607,000.00 | 29,074,000.00 | 30,547,000.00 | 31,823,000.00 |
| Cash and Cash Equivalents | 23,415,000.00 | 20,424,000.00 | 22,837,000.00 | 24,040,000.00 | 25,672,000.00 |
| Short-Term Investments | 4,884,000.00 | 5,183,000.00 | 6,237,000.00 | 6,507,000.00 | 6,151,000.00 |
| Net Receivables | 19,735,000.00 | 21,254,000.00 | 24,882,000.00 | 40,794,000.00 | 18,777,000.00 |
| Inventory | 17,058,000.00 | 17,275,000.00 | 19,037,000.00 | 18,868,000.00 | 18,532,000.00 |
| Other Current Assets | 25,842,000.00 | 26,710,000.00 | 24,134,000.00 | 6,362,000.00 | 24,763,000.00 |
| Non-Current Assets | 201,025,000.00 | 201,971,000.00 | 193,930,000.00 | 188,916,000.00 | 190,110,000.00 |
| Property, Plant, Equipment Net | 115,198,000.00 | 116,153,000.00 | 112,249,000.00 | 128,945,000.00 | 110,125,000.00 |
| Goodwill | 0 | 0 | 0 | 11,265,000.00 | 0 |
| Intangible Assets | 0 | 0 | 0 | 3,123,000.00 | 0 |
| Long-Term Investments | 41,440,000.00 | 41,524,000.00 | 39,778,000.00 | 32,973,000.00 | 38,197,000.00 |
| Non-Current Deferred Assets | 3,633,000.00 | 3,550,000.00 | 3,360,000.00 | 3,202,000.00 | 3,727,000.00 |
| Other Non-Current Assets | 0 | 0 | 0 | 9,408,000.00 | 0 |
| Liabilities | 174,294,000.00 | 173,815,000.00 | 170,636,000.00 | 165,232,000.00 | 165,389,000.00 |
| Current Liabilities | 89,825,000.00 | 91,216,000.00 | 90,461,000.00 | 87,960,000.00 | 85,709,000.00 |
| Payables and Expenses | 73,328,000.00 | 73,960,000.00 | 75,059,000.00 | 55,651,000.00 | 69,384,000.00 |
| Account Payables | 38,062,000.00 | 39,288,000.00 | 42,554,000.00 | 39,932,000.00 | 34,668,000.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 3,158,000.00 | 0 |
| Short-Term Debt | 13,820,000.00 | 14,637,000.00 | 13,134,000.00 | 10,024,000.00 | 13,853,000.00 |
| Other Current Liabilities | 2,677,000.00 | 2,619,000.00 | 2,268,000.00 | 22,285,000.00 | 2,472,000.00 |
| Non-Current Liabilities | 84,469,000.00 | 82,599,000.00 | 80,175,000.00 | 77,272,000.00 | 79,680,000.00 |
| Long-Term Debt | 49,552,000.00 | 47,584,000.00 | 45,858,000.00 | 41,220,000.00 | 45,750,000.00 |
| Other Non-Current Liabilities | 34,917,000.00 | 35,015,000.00 | 34,317,000.00 | 36,052,000.00 | 33,930,000.00 |
| Equity | 117,665,000.00 | 119,002,000.00 | 120,421,000.00 | 120,255,000.00 | 118,616,000.00 |
| Shareholders Equity | 115,281,000.00 | 116,642,000.00 | 117,956,000.00 | 117,858,000.00 | 116,059,000.00 |
| Capital Stock | 7,059,000.00 | 7,262,000.00 | 7,231,000.00 | 7,577,000.00 | 7,577,000.00 |
| Share Premium | 125,073,000.00 | 128,103,000.00 | 128,787,000.00 | 135,496,000.00 | 130,804,000.00 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 |
| Treasury Shares | 2,998,000.00 | 5,159,000.00 | 3,554,000.00 | 9,956,000.00 | 8,529,000.00 |
| Accumulated Other Comprehensive Income | -13,853,000.00 | -13,564,000.00 | -14,508,000.00 | -15,259,000.00 | -13,793,000.00 |
| Minority Interest | 2,384,000.00 | 2,360,000.00 | 2,465,000.00 | 2,397,000.00 | 2,557,000.00 |
| Debt | 63,372,000.00 | 62,221,000.00 | 58,992,000.00 | 51,244,000.00 | 59,603,000.00 |
| Net Debt | 39,957,000.00 | 41,797,000.00 | 36,155,000.00 | 25,109,000.00 | 33,931,000.00 |
| Common Shares Outstanding | 2,166,457.10 | 2,203,252.28 | 2,220,588.31 | 2,248,149.84 | 2,280,542.63 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 43,844,000.00 | 44,676,000.00 | 47,899,000.00 | 47,115,000.00 | 47,429,000.00 |
| Cost Of Revenue | 30,471,000.00 | 32,416,000.00 | 33,853,000.00 | 33,446,000.00 | 34,817,000.00 |
| Gross Profit | 13,373,000.00 | 12,260,000.00 | 14,046,000.00 | 13,669,000.00 | 12,612,000.00 |
| Operating Expenses | 7,655,000.00 | 7,931,000.00 | 7,645,000.00 | 8,029,000.00 | 7,841,000.00 |
| Other Operating Expenses | 7,655,000.00 | 7,931,000.00 | 7,645,000.00 | 8,029,000.00 | 7,841,000.00 |
| Operating Income | 5,718,000.00 | 4,329,000.00 | 6,401,000.00 | 5,640,000.00 | 4,771,000.00 |
| Net Non-Operating Income | 250,000.00 | 257,000.00 | -44,000.00 | -973,000.00 | -329,000.00 |
| Interest Income | 265,000.00 | 327,000.00 | 290,000.00 | 449,000.00 | 457,000.00 |
| Interest Expense | 808,000.00 | 816,000.00 | 725,000.00 | 134,000.00 | 797,000.00 |
| EBT | 6,185,000.00 | 4,852,000.00 | 6,654,000.00 | 6,948,000.00 | 4,540,000.00 |
| Income Tax | 2,423,000.00 | 2,106,000.00 | 2,733,000.00 | 2,929,000.00 | 2,179,000.00 |
| Net Income Including Non-Controlling Interests | 3,762,000.00 | 2,746,000.00 | 3,921,000.00 | 4,019,000.00 | 2,361,000.00 |
| Net Income Non-Controlling Interests | -79,000.00 | -59,000.00 | -70,000.00 | -63,000.00 | -67,000.00 |
| Net Income | 3,683,000.00 | 2,687,000.00 | 3,851,000.00 | 3,956,000.00 | 2,294,000.00 |
| EBIT | 6,993,000.00 | 5,668,000.00 | 7,379,000.00 | 7,082,000.00 | 5,337,000.00 |
| Deprecation and Amortization | 3,405,000.00 | 3,360,000.00 | 3,086,000.00 | 2,971,000.00 | 4,020,000.00 |
| EBITDA | 10,398,000.00 | 9,028,000.00 | 10,465,000.00 | 10,053,000.00 | 9,357,000.00 |
| 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 | 0 | 2,277,118.64 | 2,278,698.23 | 2,300,000.00 | 2,364,948.45 |
| Average Shares Outstanding Diluted | 0 | 2,277,118.64 | 2,278,698.23 | 2,300,000.00 | 2,364,948.45 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 8,349,000.00 | 5,960,000.00 | 2,563,000.00 | 12,507,000.00 | 7,171,000.00 |
| Operating Net Income | 3,762,000.00 | 2,746,000.00 | 3,921,000.00 | 4,019,000.00 | 2,361,000.00 |
| Deprecation and Amortization | 3,405,000.00 | 3,360,000.00 | 3,086,000.00 | 2,971,000.00 | 4,020,000.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 1,600,000.00 | 49,000.00 | -4,232,000.00 | 5,201,000.00 | 836,000.00 |
| Other Operating Activities | -418,000.00 | -195,000.00 | -212,000.00 | 316,000.00 | -46,000.00 |
| Investing Cash Flow | -3,203,000.00 | -6,689,000.00 | -4,805,000.00 | -3,745,000.00 | -5,562,000.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | -8,000.00 | 15,000.00 | 1,000.00 | 220,000.00 | 37,000.00 |
| Net Purchase/Sale of Business | -82,000.00 | -1,892,000.00 | -426,000.00 | -591,000.00 | -1,260,000.00 |
| Other Investing Activities | -3,113,000.00 | -4,812,000.00 | -4,380,000.00 | -3,374,000.00 | -4,339,000.00 |
| Financing Cash Flow | -2,408,000.00 | -2,152,000.00 | -1,130,000.00 | -7,937,000.00 | 575,000.00 |
| Net Issuance/Repayment of Debt | 1,694,000.00 | -126,000.00 | 2,314,000.00 | -2,962,000.00 | 3,968,000.00 |
| Net Issuance/Repurchase of Equity | -2,349,000.00 | -1,215,000.00 | -2,152,000.00 | -1,977,000.00 | -2,005,000.00 |
| Dividends Paid | -2,216,000.00 | -1,894,000.00 | -1,851,000.00 | -1,998,000.00 | -1,963,000.00 |
| Other Financing Activities | 463,000.00 | 1,083,000.00 | 559,000.00 | -1,000,000.00 | 575,000.00 |
| Net Change in Cash | 2,738,000.00 | -2,881,000.00 | -3,372,000.00 | 825,000.00 | 2,184,000.00 |
| Cash at Beginning of Period | 20,424,000.00 | 22,837,000.00 | 25,844,000.00 | 25,672,000.00 | 23,211,000.00 |
| Cash at End of Period | 23,415,000.00 | 20,424,000.00 | 22,837,000.00 | 25,844,000.00 | 25,672,000.00 |
| Free Cash Flow | 4,537,000.00 | 1,194,000.00 | -1,659,000.00 | 8,827,000.00 | 3,061,000.00 |