Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -4.53 -2.30 0.45
Price to Sales 5.63 18.04 0.72 81.35
Book Value Per Common Share 2.37 2.54 3.70 -0.22
Price to Book 0.36 0.89 1.51 -81.61
Price to Operating Cash Flow 8.47 -1.02 5.39 -49.58
Price to Free Cash Flow 8.47 -1.02 5.61 -48.82
Enterprise Value to EBITDA 44753.34
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2023-03-31 2022-09-30 2022-03-31 2021-12-31 2021-03-31
Price to Earnings 107.50 23.20 -15.42 -33.20 -17.17 -10.14 -2.12
Price to Sales 15.88 14.09 27.21 14.88 35.02 96.26 88.03 2.94 8.47 1185.84
Book Value Per Common Share 2.37 2.36 2.31 2.37 2.35 2.95 3.35 -5.10 -16.22 -0.22 -0.02
Price to Book 0.45 0.49 0.40 0.36 0.71 1.40 1.12 -1.30 -1.17 -81.61 -2780.08
Price to Operating Cash Flow 12.46 35.26 15.29 573.33 -267.74 -1.10 -5.54 -606.33
Price to Free Cash Flow 12.46 35.26 15.29 573.33 -267.74 -5.50 -599.28
Enterprise Value to EBITDA 835058.79 208807.36

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 35.25 -98.14 -19.54
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2023-03-31 2022-09-30 2022-03-31 2021-12-31 2021-03-31
Earning YoY -80.00
Revenue YoY -17.65 142.24 -41.08 21.94 5.05 -98.01 8.19 -1.52
EBITDA YoY -76.83
Net Profit YoY -72.41

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.44 0.41 4.22 0.16
Quick Ratio 1.67 1.08 0.40
Current Ratio 2.37 1.72 1.18 0.47
Debt to Equity 0.42 0.48 1.57 -2.81
Long-Term Debt to Equity 0.23 0.24 0.24 -0.11
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2023-03-31 2022-09-30 2022-03-31 2021-12-31 2021-03-31
Cash Per Common Share 0.61 0.52 0.50 0.44 0.44 1.34 1.77 4.14 3.53 0.15 0.40
Quick Ratio 2.18 2.10 1.84 1.67 1.40 0.40 0.25 0.40 2.80
Current Ratio 2.93 2.89 2.64 2.37 2.03 1.37 1.28 0.50 0.32 0.47 3.05
Debt to Equity 0.41 0.41 0.43 0.42 0.46 0.72 0.86 -3.77 -1.95 -2.81 -26.25
Long-Term Debt to Equity 0.23 0.24 0.25 0.23 0.24 0.26 0.26 -0.17 -0.06 -0.11 -19.78

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -5.62 -23.73 123.81 -101.74
ROE -7.97 -35.09 318.69 184.16
Gross Margin 100.00 98.00 78.33
Operating Margin -198.30 -654.61 15.24 -160.43
EBITDA Margin -169.39 -583.79 16.96 -155.73
Net Profit Margin -123.85 -789.40 160.08 -198.29
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2023-03-31 2022-09-30 2022-03-31 2021-12-31 2021-03-31
ROA 0.39 1.43 -1.71 0.65 -1.54 -4.50 -6.05 -21.63 -36.75 -16.46
ROE 0.55 2.02 -2.44 0.92 -2.25 -7.74 -11.25 60.01 34.87 415.52
Gross Margin 100.00 100.00 100.00 81.89 74.86 77.32
Operating Margin 6.76 57.46 -169.47 -161.02 -103.11 -542.11 -543.27 -116.61 -179.02 -148.51
EBITDA Margin 19.01 67.54 -145.29 -146.03 -85.56 -536.78 -115.66 -173.33 -143.32
Net Profit Margin 19.39 57.88 -166.16 37.78 -111.33 -552.40 -866.11 -138.48 -253.56 -200.61

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 2023-06-30 2023-03-31 2022-09-30 2022-03-31 2021-12-31 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 38,822.00 43,309.00 90,458.00 169,472.00
   Current Assets 12,259.00 11,796.00 55,351.00 119,468.00
      Cash and Short-Term Investments 5,059.00 4,327.00 38,067.00 65,122.00
            Cash and Cash Equivalents 5,059.00 4,327.00 38,067.00 65,122.00
            Short-Term Investments 0 0 0 0
      Net Receivables 3,562.00 3,090.00 0 36,176.00
      Inventory 0 0 0 7,622.00
      Other Current Assets 0 0 0 10,548.00
   Non-Current Assets 26,563.00 31,513.00 35,107.00 50,004.00
      Property, Plant, Equipment Net 6,102.00 6,873.00 7,658.00 9,433.00
      Goodwill 0 0 0 0
      Intangible Assets 4,321.00 6,098.00 6,943.00 40,318.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 16,140.00 18,542.00 20,506.00 253.00
Liabilities 11,452.00 14,022.00 55,315.00 263,093.00
   Current Liabilities 5,166.00 6,854.00 46,839.00 252,891.00
      Payables and Expenses 752.00 1,687.00 18,607.00 25,035.00
            Account Payables 258.00 27.00 2,162.00 20,318.00
            Current Accrued Liabilities 494.00 1,660.00 16,445.00 4,717.00
      Short-Term Debt 1,633.00 1,473.00 1,390.00 188,269.00
      Other Current Liabilities 2,781.00 3,694.00 26,842.00 39,587.00
   Non-Current Liabilities 6,286.00 7,168.00 8,476.00 10,202.00
      Long-Term Debt 5,542.00 6,532.00 7,369.00 8,063.00
      Other Non-Current Liabilities 744.00 636.00 1,107.00 2,139.00
Equity 27,370.00 29,287.00 35,143.00 -93,621.00
   Shareholders Equity 27,370.00 29,287.00 35,143.00 -93,621.00
      Capital Stock 11.00 11.00 9.00 430.00
      Share Premium 979,181.00 978,917.00 974,497.00 957,309.00
      Retained Earnings -951,822.00 -949,641.00 -939,363.00 -1,051,360.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 0 0 0 0
Investments 0 0 0 1,334.00
Debt 7,175.00 8,005.00 8,759.00 196,332.00
Net Debt 0 0 0 131,210.00
Common Shares Outstanding 11,532.43 11,532.44 9,498.00 429,886.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 1,761.00 1,302.00 69,963.00 86,951.00 0
Cost Of Revenue 0 0 1,397.00 18,838.00 15,975.00
Interest Expense 0 0 0 32,917.00 26,049.00
Non-Interest Expense 4,744.00 8,903.00 56,710.00 0 0
Gross Profit 0 1,302.00 68,566.00 68,113.00 48,897.00
Operating Expenses 5,253.00 9,825.00 57,903.00 207,883.00 0
   Selling, General and Administrative Expenses 4,744.00 8,903.00 56,710.00 200,797.00 0
   Research and Development Expenses 0 0 0 7,086.00 10,432.00
   Other Operating Expenses 0 0 0 0.00 0
Operating Income -3,492.00 -8,523.00 10,663.00 -139,770.00 0
Net Non-Operating Income 2,417.00 781.00 -117.00 -32,645.00 0
EBT -2,343.00 -7,742.00 1,074.00 -172,415.00 0
Income Tax -31.00 -43.00 0 0.00 0
Net Income Including Non-Controlling Interests -2,181.00 -10,278.00 111,997.00 0 0
Net Income -2,181.00 -10,278.00 111,997.00 -172,415.00 0
EBIT -3,492.00 -8,523.00 10,663.00 -139,498.00 0
Deprecation and Amortization 509.00 922.00 1,200.00 4,093.00 0
EBITDA -2,983.00 -7,601.00 11,863.00 -135,405.00 0
EPS -0.00 -0.00 0.01 0 0
Diluted EPS -0.00 -0.00 0.01 0 0
Average Shares Outstanding Basic 11,532.00 10,441.00 9,028.00 397,992.00 0
Average Shares Outstanding Diluted 11,532.00 10,441.00 9,366.00 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 1,170.00 -23,081.00 9,359.00 -142,693.00
   Operating Net Income -2,312.00 -7,699.00 1,074.00 -172,415.00
   Deprecation and Amortization 509.00 922.00 1,200.00 -4,093.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 264.00 1,271.00 11,572.00 -18,125.00
   Change in Working Capital 1,660.00 -17,446.00 -4,086.00 6,654.00
   Other Operating Activities 1,049.00 -129.00 -401.00 45,286.00
Investing Cash Flow 0 0 -355.00 -2,223.00
   Capital Expenditure 0 0 0 -2,223.00
   Net Purchase/Sale of PPE 0 0 0 -2,223.00
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0 0 -355.00 2,223.00
Financing Cash Flow 0 3,151.00 -235,206.00 129,552.00
   Net Issuance/Repayment of Debt 0 0 -219,432.00 -50,000.00
   Net Issuance/Repurchase of Equity 0 3,151.00 -14,505.00 184,437.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 0.00 -1,269.00 -4,885.00
Net Change in Cash 732.00 -44,990.00 -15,805.00 -15,364.00
   Cash at Beginning of Period 4,327.00 49,317.00 65,122.00 80,486.00
   Cash at End of Period 5,059.00 4,327.00 49,317.00 65,122.00
Free Cash Flow 1,170.00 -23,081.00 9,004.00 -144,916.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2023-03-31 2022-09-30 2022-03-31 2021-12-31 2021-03-31
Assets 38,671.00 38,504.00 38,236.00 38,822.00 39,552.00 53,689.00 59,601.00 133,907.00 133,381.00 169,472.00 239,306.00
   Current Assets 14,503.00 13,461.00 12,512.00 12,259.00 12,154.00 19,613.00 24,735.00 87,478.00 84,424.00 119,468.00 187,042.00
      Cash and Short-Term Investments 7,115.00 6,069.00 5,745.00 5,059.00 5,047.00 13,729.00 17,248.00 38,330.00 30,384.00 65,122.00 137,617.00
            Cash and Cash Equivalents 7,115.00 6,069.00 5,745.00 5,059.00 5,047.00 13,729.00 17,248.00 38,330.00 30,384.00 65,122.00 137,617.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 3,665.00 3,743.00 2,996.00 3,562.00 3,323.00 0 0 32,157.00 35,413.00 36,176.00 33,719.00
      Inventory 0 0 0 0 0 0 0 6,701.00 8,967.00 7,622.00 7,346.00
      Other Current Assets 3,723.00 3,649.00 3,771.00 3,638.00 3,784.00 5,884.00 7,487.00 10,290.00 9,660.00 10,548.00 8,360.00
   Non-Current Assets 24,168.00 25,043.00 25,724.00 26,563.00 27,398.00 34,076.00 34,866.00 46,429.00 48,957.00 50,004.00 52,264.00
      Property, Plant, Equipment Net 5,515.00 5,732.00 5,948.00 6,102.00 6,302.00 7,267.00 7,464.00 8,300.00 9,157.00 9,433.00 11,017.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 3,914.00 4,043.00 4,138.00 4,321.00 4,428.00 6,767.00 6,877.00 37,876.00 39,547.00 40,318.00 40,994.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 14,739.00 15,268.00 15,638.00 16,140.00 16,668.00 20,042.00 20,525.00 253.00 253.00 253.00 253.00
Liabilities 11,227.00 11,212.00 11,496.00 11,452.00 12,458.00 22,492.00 27,577.00 182,178.00 273,961.00 263,093.00 248,784.00
   Current Liabilities 4,945.00 4,662.00 4,741.00 5,166.00 5,976.00 14,364.00 19,336.00 174,071.00 264,835.00 252,891.00 61,284.00
      Payables and Expenses 1,206.00 1,054.00 945.00 752.00 1,429.00 8,419.00 6,148.00 21,843.00 22,833.00 25,035.00 16,508.00
            Account Payables 263.00 350.00 176.00 258.00 234.00 1,508.00 2,326.00 13,383.00 20,753.00 20,318.00 10,310.00
            Current Accrued Liabilities 943.00 704.00 769.00 494.00 1,195.00 6,911.00 3,822.00 8,460.00 2,080.00 4,717.00 6,198.00
      Short-Term Debt 1,072.00 886.00 1,011.00 1,633.00 1,623.00 1,448.00 1,441.00 93,602.00 202,857.00 188,269.00 5,000.00
      Other Current Liabilities 2,667.00 2,722.00 2,785.00 2,781.00 2,924.00 4,497.00 11,747.00 58,626.00 39,145.00 39,587.00 39,776.00
   Non-Current Liabilities 6,282.00 6,550.00 6,755.00 6,286.00 6,482.00 8,128.00 8,241.00 8,107.00 9,126.00 10,202.00 187,500.00
      Long-Term Debt 5,411.00 5,718.00 5,960.00 5,542.00 5,777.00 6,939.00 7,135.00 7,553.00 7,897.00 8,063.00 187,500.00
      Other Non-Current Liabilities 871.00 832.00 795.00 744.00 705.00 1,189.00 1,106.00 554.00 1,229.00 2,139.00 0.00
Equity 27,444.00 27,292.00 26,740.00 27,370.00 27,094.00 31,197.00 32,024.00 -48,271.00 -140,580.00 -93,621.00 -9,478.00
   Shareholders Equity 27,444.00 27,292.00 26,740.00 27,370.00 27,094.00 31,197.00 32,024.00 -48,271.00 -140,580.00 -93,621.00 -9,478.00
      Capital Stock 11.00 11.00 11.00 11.00 11.00 11.00 10.00 9.00 9.00 430.00 393.00
      Share Premium 979,205.00 979,205.00 979,204.00 979,181.00 979,157.00 976,566.00 974,980.00 968,785.00 959,792.00 957,309.00 908,457.00
      Retained Earnings -951,772.00 -951,924.00 -952,475.00 -951,822.00 -952,074.00 -945,380.00 -942,966.00 -1,017,065.00 -1,100,381.00 -1,051,360.00 -918,328.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 1,621.00 1,334.00 1,334.00 1,231.00
Debt 6,483.00 6,604.00 6,971.00 7,175.00 7,400.00 6,939.00 7,135.00 101,155.00 210,754.00 196,332.00 192,500.00
Net Debt 0 0 0 0 0 0 0 62,825.00 180,370.00 131,210.00 54,883.00
Common Shares Outstanding 11,574.36 11,574.36 11,574.36 11,532.43 11,532.43 10,575.00 9,548.00 9,467.00 8,669.00 429,886.00 393,190.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2023-06-30 2023-03-31 2022-09-30 2022-03-31 2021-03-31
Revenues 784.00 952.00 393.00 667.00 547.00 0 437.00 416.00 20,917.00 19,333.00 19,632.00
Cost Of Revenue 0 0 0 0 0 0 0.00 0.00 3,788.00 4,860.00 4,453.00
Interest Expense 3.00 2.00 2.00 0 3.00 5.00 45.00 50.00 4,833.00 14,412.00 10,227.00
Non-Interest Expense 1,518.00 1,551.00 1,081.00 879.00 1,585.00 0 0 0 0 0 0
Gross Profit 0 0 0 0 547.00 234.00 437.00 416.00 17,129.00 14,473.00 15,179.00
Operating Expenses 1,614.00 1,647.00 1,176.00 979.00 1,681.00 0 2,909.00 3,083.00 37,876.00 40,702.00 44,457.00
   Selling, General and Administrative Expenses 1,518.00 1,551.00 1,081.00 879.00 1,585.00 0 2,781.00 3,056.00 36,764.00 39,302.00 42,407.00
   Research and Development Expenses 0 0 0 0 0 0 0 0 1,112.00 1,400.00 2,050.00
   Other Operating Expenses 0 0 0 0 0 0 128.00 27.00 0.00 0.00 0.00
Operating Income -830.00 -695.00 -783.00 -312.00 -1,134.00 0 -2,472.00 -2,667.00 -20,747.00 -26,229.00 -29,278.00
Net Non-Operating Income 915.00 1,242.00 205.00 394.00 570.00 0 58.00 357.00 -8,478.00 -22,792.00 -10,105.00
EBT 50.00 545.00 -668.00 83.00 -567.00 0 -2,414.00 -2,310.00 -29,225.00 -49,021.00 -39,383.00
Income Tax 0 0 -32.00 -31.00 0 0 0.00 0.00 260.00 0.00 0.00
Net Income Including Non-Controlling Interests 152.00 551.00 -653.00 252.00 -609.00 0 0 0 0 0 0
Net Income 152.00 551.00 -653.00 252.00 -609.00 0 -2,414.00 -3,603.00 -28,965.00 -49,021.00 -39,383.00
EBIT 53.00 547.00 -666.00 -1,074.00 -564.00 0 -2,369.00 -2,260.00 -24,392.00 -34,609.00 -29,156.00
Deprecation and Amortization 96.00 96.00 95.00 100.00 96.00 0 0.00 27.00 200.00 1,100.00 1,019.00
EBITDA 149.00 643.00 -571.00 -974.00 -468.00 0 0 -2,233.00 -24,192.00 -33,509.00 -28,137.00
EPS 0.00 0.00 -0.00 0 -0.00 -0.00 -0.00 -0.00 -0.00 0 0
Diluted EPS 0.00 0.00 -0.00 0 -0.00 -0.00 -0.00 -0.00 -0.00 0 0
Average Shares Outstanding Basic 11,574.00 11,574.00 11,552.00 0 11,532.00 11,532.00 10,219.00 9,754.00 9,261.00 8,614.00 347,219.00
Average Shares Outstanding Diluted 11,574.00 11,574.00 11,552.00 0 11,532.00 11,532.00 10,219.00 9,754.00 9,261.00 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2023-06-30 2023-03-31 2022-09-30 2022-03-31 2021-03-31
Operating Cash Flow 999.00 381.00 699.00 17.00 -71.00 0 -33,175.00 0 -29,526.00 -38,380.00
   Operating Net Income 50.00 545.00 -636.00 114.00 -567.00 -2,414.00 -3,603.00 -28,965.00 -49,021.00 -39,383.00
   Deprecation and Amortization 96.00 96.00 95.00 100.00 96.00 0 27.00 200.00 -1,100.00 -1,019.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 0 1.00 23.00 24.00 33.00 0 483.00 0 -2,062.00 -2,957.00
   Change in Working Capital 605.00 -477.00 975.00 563.00 171.00 0 -2,414.00 0 -394.00 12,997.00
   Other Operating Activities 248.00 216.00 242.00 -784.00 196.00 0 -27,668.00 0 23,051.00 -8,018.00
Investing Cash Flow 0 0 0 0 0 0 0 0 -212.00 -438.00
   Capital Expenditure 0 0 0 0 0 0.00 0.00 0.00 -212.00 -438.00
   Net Purchase/Sale of PPE 0 0 0 0 0 0 0 0 -212.00 -438.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities 0 0 0 0 0 0 0 0 212.00 438.00
Financing Cash Flow 0 0 0 0 0 0 1,106.00 0 -5,000.00 95,949.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 -5,000.00 -50,000.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0 0 0 150,949.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities 0 0 0 0 0 0 1,106.00 0 0.00 -5,000.00
Net Change in Cash 1,046.00 324.00 686.00 12.00 -185.00 0 -32,069.00 0 -34,738.00 57,131.00
   Cash at Beginning of Period 6,069.00 5,745.00 5,059.00 5,047.00 5,232.00 0 81,386.00 0 65,122.00 80,486.00
   Cash at End of Period 7,115.00 6,069.00 5,745.00 5,059.00 5,047.00 49,317.00 49,317.00 38,330.00 30,384.00 137,617.00
Free Cash Flow 999.00 381.00 699.00 17.00 -71.00 0 0 0 -29,738.00 -38,818.00