Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -4.44 123.50 0.56
Price to Sales 0.33 0.57 0.87
Book Value Per Common Share 6.79 7.58 7.89 4.66
Price to Book 0.25 0.33 0.56
Price to Operating Cash Flow 4.62 -3.32 2.52
Price to Free Cash Flow 5.00 -0.23 -0.23
Enterprise Value to EBITDA 11136.77 13735.66 8685.71
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 13.67 13.36 -2.62 -8.24 -25.95
Price to Sales 1.33 1.05 1.52 1.39 1.96
Book Value Per Common Share 6.68 6.55 6.04 6.79 7.06
Price to Book 0.25 0.22 0.23 0.25 0.37
Price to Operating Cash Flow -17.54 10.30
Price to Free Cash Flow -17.54 10.30
Enterprise Value to EBITDA 58582.98 48541.81 188323.06

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -99.74 442.48
Revenue YoY 25.99 58.30 208.09
EBITDA YoY -12.11 -62.25 1067.90
Net Profit YoY -99.64 1516.67
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY 9.09
Revenue YoY -12.08 60.86 -28.42 -6.35
EBITDA YoY -8.21
Net Profit YoY 10.81

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.74 1.65 12.15 0.51
Quick Ratio 0.23 0.27 2.20 0.40
Current Ratio 0.73 0.36 2.37 0.48
Debt to Equity 1.86 1.65 0.95 0.91
Long-Term Debt to Equity 1.31 0.85 0.56 0.61
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 2.26 0.39 0.39 0.74 1.31
Quick Ratio 0.23
Current Ratio 0.73
Debt to Equity 1.36 1.67 2.05 1.86 1.87
Long-Term Debt to Equity 1.36 1.67 2.05 1.31 1.87

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -1.97 0.07 27.92 16.16
ROE -5.63 0.19 54.34 30.83
Gross Margin 23.09 9.04 45.90 52.34
Operating Margin 8.88 18.20 173.52 37.74
EBITDA Margin 30.25 43.37 181.87 47.98
Net Profit Margin -7.45 0.35 153.99 29.35
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 0.74 0.60 -2.65 -1.06 -0.50
ROE 1.75 1.60 -8.06 -3.03 -1.43
Gross Margin 24.38 27.37 -15.98 19.92 20.83
Operating Margin 23.34 22.36 -32.96 -4.68 10.55
EBITDA Margin 23.34 22.36 -32.96 -4.68 10.55
Net Profit Margin 9.72 7.71 -57.84 -16.81 -7.73

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00 0.00 0.00
Dividend Payout Ratio -78.13 7431.75 0.69
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 172,073.00 174,805.00 125,655.00 13,430.09
   Current Assets 24,483.00 19,090.00 59,814.00 994.27
      Cash and Short-Term Investments 6,412.00 13,801.00 54,732.00 765.48
            Cash and Cash Equivalents 6,412.00 13,801.00 54,732.00 765.48
            Short-Term Investments 0 0 0 0
      Net Receivables 1,437.00 394.00 779.00 70.00
      Inventory 650.00 664.00 107.00 99.33
      Other Current Assets 15,984.00 4,231.00 4,196.00 59.46
   Non-Current Assets 147,590.00 155,715.00 65,841.00 12,435.82
      Property, Plant, Equipment Net 138,149.00 152,525.00 50,200.00 12,280.27
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 3,588.00 0 0 0
      Non-Current Deferred Assets 4,348.00 2,490.00 441.00 155.55
      Other Non-Current Assets 1,505.00 700.00 0 0
Liabilities 111,985.00 108,936.00 61,087.00 6,389.71
   Current Liabilities 33,516.00 53,093.00 25,215.00 2,081.49
      Payables and Expenses 12,439.00 12,455.00 16,715.00 578.04
            Account Payables 1,823.00 3,308.00 3,018.00 268.43
            Current Accrued Liabilities 2,682.00 8,045.00 5,495.00 309.61
      Short-Term Debt 19,682.00 40,111.00 7,473.00 1,177.07
      Other Current Liabilities 1,395.00 527.00 1,027.00 326.37
   Non-Current Liabilities 78,469.00 55,843.00 35,872.00 4,308.22
      Long-Term Debt 78,041.00 55,843.00 35,133.00 4,203.67
      Other Non-Current Liabilities 428.00 0.00 739.00 104.55
Equity 60,088.00 65,869.00 64,568.00 7,040.38
   Shareholders Equity 60,088.00 65,869.00 64,568.00 7,040.38
      Capital Stock 1.00 1.00 1.00 7,868.68
      Share Premium 39,176.00 38,916.00 35,193.00 0
      Retained Earnings 20,915.00 26,952.00 29,374.00 -828.30
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income -4.00 0 0 0
   Minority Interest 0 0 0 0
Debt 97,723.00 95,954.00 42,606.00 5,380.74
Net Debt 72,341.00 50,733.00 0 4,615.26
Common Shares Outstanding 8,844.27 8,694.63 8,180.24 1,511.16
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 45,439.00 36,067.00 22,784.00 7,395.24
Cost Of Revenue 34,946.00 32,808.00 12,327.00 3,524.43
Interest Income 314.00 430.00 13.00 0
Interest Expense 7,417.00 6,342.00 2,045.00 621.05
Non-Interest Expense 4,010.00 6,018.00 5,524.00 613.40
Gross Profit 10,493.00 3,259.00 10,457.00 3,870.81
Operating Expenses 6,273.00 7,984.00 6,050.00 955.65
   Selling, General and Administrative Expenses 4,010.00 6,018.00 5,524.00 613.40
   Other Operating Expenses 2,263.00 1,966.00 526.00 342.25
Operating Income 4,220.00 -4,725.00 4,407.00 2,915.16
Net Non-Operating Income 311.00 112.00 26.00 0
EBT -3,383.00 221.00 37,490.00 2,170.26
Income Tax 0 0 0 0
Net Income Including Non-Controlling Interests -3,383.00 221.00 37,490.00 2,170.26
Net Income -3,383.00 126.00 35,086.00 2,170.26
EBIT 4,034.00 6,563.00 39,535.00 2,791.31
Deprecation and Amortization 9,713.00 9,078.00 1,903.00 756.76
EBITDA 13,747.00 15,641.00 41,438.00 3,548.08
EPS -0.00 0.00 0.01 0.00
Diluted EPS -0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 8,711.95 8,359.49 4,503.40 1,511.16
Average Shares Outstanding Diluted 8,790.69 8,359.49 7,299.56 1,511.16
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 3,264.00 -6,228.00 7,875.00 3,657.34
   Operating Net Income -3,383.00 221.00 37,490.00 2,170.26
   Deprecation and Amortization 9,713.00 9,078.00 1,903.00 756.76
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 779.00 2,522.00 2,789.00 0
   Change in Working Capital -7,984.00 -7,379.00 681.00 312.57
   Other Operating Activities 4,139.00 -10,670.00 -34,988.00 0
Investing Cash Flow 7,949.00 -59,138.00 6,488.00 -56.07
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE 19,971.00 -44,248.00 6,488.00 -56.07
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business -3,734.00 0 0 0
   Other Investing Activities -8,288.00 -14,890.00 0.00 0
Financing Cash Flow -18,952.00 9,935.00 55,569.00 -3,241.80
   Net Issuance/Repayment of Debt -18,634.00 19,890.00 38,250.00 -800.00
   Net Issuance/Repurchase of Equity -469.00 1,210.00 18,471.00 0
   Dividends Paid -2,643.00 -9,364.00 -243.00 0
   Other Financing Activities 2,794.00 -1,801.00 -909.00 0
Net Change in Cash -7,739.00 -55,431.00 69,932.00 359.48
   Cash at Beginning of Period 14,501.00 69,932.00 0 406.01
   Cash at End of Period 6,762.00 14,501.00 69,932.00 765.48
Free Cash Flow 3,015.00 -87,976.00 -85,645.00 3,601.27
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Assets 144,196.00 161,081.00 169,377.00 172,073.00 179,527.00 0
   Current Assets 20,122.00 3,448.00 3,392.00 24,483.00 11,411.00 0
      Cash and Short-Term Investments 20,122.00 3,448.00 3,392.00 6,412.00 11,411.00 0
            Cash and Cash Equivalents 20,122.00 3,448.00 3,392.00 6,412.00 11,411.00 0
            Short-Term Investments 0 0 0 0 0 0
      Net Receivables 0 0 0 1,437.00 0 1,489.00
      Inventory 0 0 0 650.00 0 610.00
      Other Current Assets 0 0 0 15,984.00 0 0
   Non-Current Assets 124,074.00 157,633.00 165,985.00 147,590.00 168,116.00 0
      Property, Plant, Equipment Net 102,786.00 134,620.00 151,329.00 138,149.00 155,340.00 0
      Goodwill 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0
      Long-Term Investments 0 0 0 3,588.00 0 7,350.00
      Non-Current Deferred Assets 0 0 0 4,348.00 0 0
      Other Non-Current Assets 0 0 0 1,505.00 0 0
Liabilities 83,122.00 100,808.00 113,754.00 111,985.00 117,062.00 0
   Current Liabilities 0 0 0 33,516.00 0 64,972.00
      Payables and Expenses 0 0 0 12,439.00 0 16,463.00
            Account Payables 0 0 0 1,823.00 0 4,908.00
            Current Accrued Liabilities 0 0 0 2,682.00 0 4,984.00
      Short-Term Debt 0 0 0 19,682.00 0 48,091.00
      Other Current Liabilities 0 0 0 1,395.00 0 418.00
   Non-Current Liabilities 83,122.00 100,808.00 113,754.00 78,469.00 117,062.00 0
      Long-Term Debt 66,953.00 83,831.00 94,480.00 78,041.00 101,113.00 0
      Other Non-Current Liabilities 16,169.00 16,977.00 19,274.00 428.00 15,949.00 0
Equity 61,074.00 60,273.00 55,623.00 60,088.00 62,465.00 0
   Shareholders Equity 61,074.00 60,273.00 55,623.00 60,088.00 62,465.00 0
      Capital Stock 0 0 0 1.00 0 1.00
      Share Premium 0 0 0 39,176.00 0 39,253.00
      Retained Earnings 0 0 0 20,915.00 0 24,957.00
      Treasury Shares 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 -4.00 0 0
   Minority Interest 0 0 0 0 0 0
Debt 66,953.00 83,831.00 94,480.00 97,723.00 101,113.00 0
Net Debt 0 0 0 72,341.00 0 11,552.00
Common Shares Outstanding 9,141.80 9,204.27 9,204.27 8,844.27 8,850.27 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 10,966.00 12,473.00 7,754.00 10,832.00 11,566.00
Cost Of Revenue 8,292.00 9,059.00 8,993.00 8,674.00 9,157.00
Interest Income 65.00 22.00 18.00 58.00 92.00
Interest Expense 1,494.00 1,811.00 1,929.00 1,314.00 2,114.00
Non-Interest Expense 1,196.00 792.00 640.00 745.00 1,760.00
Gross Profit 2,674.00 3,414.00 -1,239.00 2,158.00 2,409.00
Operating Expenses 1,673.00 1,366.00 1,241.00 1,317.00 2,286.00
   Selling, General and Administrative Expenses 1,196.00 792.00 640.00 745.00 1,760.00
   Other Operating Expenses 477.00 574.00 601.00 572.00 526.00
Operating Income 1,001.00 2,048.00 -2,480.00 841.00 123.00
Net Non-Operating Income -21.00 -133.00 -78.00 434.00 -46.00
EBT 1,066.00 978.00 -4,485.00 -1,821.00 -894.00
Income Tax 0 0 0 0 0
Net Income Including Non-Controlling Interests 1,066.00 978.00 -4,485.00 -1,821.00 -894.00
Net Income Non-Controlling Interests 0 -16.00 0 0 0
Net Income 1,066.00 962.00 -4,485.00 -1,821.00 -894.00
EBIT 2,560.00 2,789.00 -2,556.00 -507.00 1,220.00
EBITDA 2,560.00 2,789.00 -2,556.00 -507.00 1,220.00
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 8,917.14 8,918.52 8,686.07 8,676.77 8,738.18
Average Shares Outstanding Diluted 8,917.14 8,918.52 8,686.07 8,770.42 8,775.01
Breakdown 2025-06-30 2025-03-31 2024-06-30 2024-03-31
Operating Cash Flow -747.00 1,147.00 2,341.00 2,296.00
   Operating Net Income 0 0 0 0
   Deprecation and Amortization 0 0 0 0
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 0 0
   Change in Working Capital 0 0 0 0
   Other Operating Activities -747.00 1,147.00 2,341.00 2,296.00
Investing Cash Flow 11,577.00 -359.00 -7.00 -3,750.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 11,577.00 -359.00 -7.00 -3,750.00
Financing Cash Flow -10,774.00 -4,158.00 -4,354.00 -3,291.00
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid 0 0 0 0
   Other Financing Activities -10,774.00 -4,158.00 -4,354.00 -3,291.00
Net Change in Cash 0 0 0 0
   Cash at Beginning of Period 0 0 0 0
   Cash at End of Period 0 0 0 0
Free Cash Flow -747.00 1,147.00 2,341.00 2,296.00