VALN
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -27.33 | -7.10 | -5.13 | -37.01 |
| Price to Sales | 1.88 | 4.69 | 2.03 | 7.78 |
| Book Value Per Common Share | 1.12 | 0.92 | 1.59 | 1.62 |
| Price to Book | 3.92 | 11.22 | 8.01 | 34.19 |
| Price to Operating Cash Flow | -4.74 | -3.55 | -3.00 | 35.23 |
| Price to Free Cash Flow | -3.81 | -3.32 | -2.68 | -166.55 |
| Enterprise Value to EBITDA | 221295.78 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -55.92 | ||||
| Price to Sales | 71.22 | 19.95 | 10.49 | 13.41 | 21.37 |
| Book Value Per Common Share | 0.88 | 1.10 | 1.08 | 1.12 | 1.34 |
| Price to Book | 13.92 | 5.17 | 6.22 | 3.92 | 4.50 |
| Price to Operating Cash Flow | -120.08 | -345.73 | -63.36 | 74.48 | -93.50 |
| Price to Free Cash Flow | -115.64 | -238.24 | -53.64 | 53.91 | -37.12 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 10.32 | -57.46 | 3.80 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | -39.15 | -1.83 | -7.01 | 15.53 | |
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 2.31 | 1.81 | 4.96 | 7.10 |
| Quick Ratio | 1.78 | 1.06 | 1.12 | 1.06 |
| Current Ratio | 2.61 | 1.65 | 1.53 | 1.59 |
| Debt to Equity | 1.76 | 2.59 | 1.83 | 3.79 |
| Long-Term Debt to Equity | 1.13 | 1.35 | 0.56 | 1.63 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.84 | 0.95 | 1.99 | 1.04 | 0.96 |
| Quick Ratio | 1.09 | 1.48 | 1.76 | 1.78 | 1.71 |
| Current Ratio | 1.78 | 2.27 | 2.70 | 2.61 | 2.78 |
| Debt to Equity | 1.98 | 1.54 | 1.75 | 1.76 | 1.38 |
| Long-Term Debt to Equity | 0.98 | 0.86 | 1.15 | 1.13 | 0.87 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -2.45 | -22.05 | -23.06 | -8.98 |
| ROE | -6.76 | -79.09 | -65.19 | -43.04 |
| Gross Margin | 41.89 | 34.37 | 10.20 | 46.01 |
| Operating Margin | 7.37 | -48.99 | -34.81 | -15.23 |
| EBITDA Margin | 18.92 | -37.55 | -28.99 | -11.13 |
| Net Profit Margin | -7.22 | -65.99 | -39.66 | -21.09 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -9.90 | -2.45 | -1.91 | -7.40 | -1.79 |
| ROE | -29.48 | -6.21 | -5.27 | -20.41 | -4.25 |
| Gross Margin | 18.71 | 50.10 | 53.20 | 48.56 | 43.96 |
| Operating Margin | -128.54 | -12.83 | -3.61 | -49.26 | -15.77 |
| EBITDA Margin | -128.54 | -12.83 | -3.61 | -49.26 | -15.77 |
| Net Profit Margin | -150.82 | -23.97 | -18.75 | -69.86 | -20.16 |
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 | 500,032.00 | 460,062.00 | 621,344.00 | 817,352.00 |
| Current Assets | 299,012.00 | 262,823.00 | 424,660.00 | 585,833.00 |
| Cash and Short-Term Investments | 168,270.00 | 126,079.00 | 286,532.00 | 346,642.00 |
| Cash and Cash Equivalents | 168,270.00 | 126,079.00 | 286,532.00 | 346,642.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 35,205.00 | 41,645.00 | 23,913.00 | 44,013.00 |
| Inventory | 53,663.00 | 44,466.00 | 35,104.00 | 124,098.00 |
| Other Current Assets | 41,874.00 | 50,633.00 | 79,111.00 | 71,080.00 |
| Non-Current Assets | 201,020.00 | 197,238.00 | 196,685.00 | 231,520.00 |
| Property, Plant, Equipment Net | 158,116.00 | 156,590.00 | 154,038.00 | 173,831.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 25,259.00 | 25,567.00 | 28,711.00 | 32,700.00 |
| Long-Term Investments | 0 | 0 | 0 | 2,124.00 |
| Non-Current Deferred Assets | 9,605.00 | 6,592.00 | 5,637.00 | 3,582.00 |
| Other Non-Current Assets | 0 | 0 | 8,299.00 | 19,283.00 |
| Liabilities | 318,779.00 | 331,815.00 | 401,547.00 | 646,771.00 |
| Current Liabilities | 114,579.00 | 158,863.00 | 277,393.00 | 368,979.00 |
| Payables and Expenses | 43,614.00 | 50,329.00 | 46,983.00 | 75,350.00 |
| Account Payables | 12,639.00 | 17,564.00 | 14,505.00 | 16,035.00 |
| Current Accrued Liabilities | 22,883.00 | 26,739.00 | 26,986.00 | 52,084.00 |
| Short-Term Debt | 23,360.00 | 46,958.00 | 36,991.00 | 10,242.00 |
| Other Current Liabilities | 47,605.00 | 61,576.00 | 193,419.00 | 283,387.00 |
| Non-Current Liabilities | 204,200.00 | 172,952.00 | 124,154.00 | 277,792.00 |
| Long-Term Debt | 192,953.00 | 161,858.00 | 115,390.00 | 104,413.00 |
| Other Non-Current Liabilities | 11,247.00 | 11,094.00 | 8,764.00 | 173,379.00 |
| Equity | 181,253.00 | 128,247.00 | 219,797.00 | 170,581.00 |
| Shareholders Equity | 181,253.00 | 128,247.00 | 219,797.00 | 170,581.00 |
| Capital Stock | 24,378.00 | 20,837.00 | 20,755.00 | 15,786.00 |
| Share Premium | 647,600.00 | 594,003.00 | 594,043.00 | 409,258.00 |
| Retained Earnings | -563,929.00 | -551,682.00 | -450,253.00 | -306,974.00 |
| Treasury Shares | 645.00 | 645.00 | 645.00 | 0 |
| Accumulated Other Comprehensive Income | 40,152.00 | 41,432.00 | 38,262.00 | 52,512.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 216,313.00 | 208,816.00 | 152,381.00 | 114,655.00 |
| Net Debt | 19,103.00 | 50,768.00 | 0 | 0 |
| Common Shares Outstanding | 162,397.20 | 138,787.82 | 138,367.48 | 105,065.90 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 169,578.00 | 153,712.00 | 361,303.00 | 348,085.00 |
| Cost Of Revenue | 98,538.00 | 100,875.00 | 324,441.00 | 187,920.00 |
| Interest Income | 2,362.00 | 1,210.00 | 260.00 | 249.00 |
| Interest Expense | 23,984.00 | 23,325.00 | 19,054.00 | 16,963.00 |
| Non-Interest Expense | 95,106.00 | 96,551.00 | 57,582.00 | 71,249.00 |
| Gross Profit | 71,040.00 | 52,837.00 | 36,862.00 | 160,165.00 |
| Operating Expenses | 148,809.00 | 134,949.00 | 150,305.00 | 221,514.00 |
| Selling, General and Administrative Expenses | 95,106.00 | 96,551.00 | 57,582.00 | 71,249.00 |
| Research and Development Expenses | 74,143.00 | 59,894.00 | 104,922.00 | 173,283.00 |
| Other Operating Expenses | -20,786.00 | -21,971.00 | -12,199.00 | -23,230.00 |
| Operating Income | -77,769.00 | -82,112.00 | -113,443.00 | -61,349.00 |
| Net Non-Operating Income | 90,833.00 | 0 | 0 | 0 |
| EBT | -11,486.00 | -98,629.00 | -144,815.00 | -69,979.00 |
| Income Tax | 761.00 | 2,800.00 | -1,536.00 | 3,446.00 |
| Net Income Including Non-Controlling Interests | -12,247.00 | -101,429.00 | -143,279.00 | -73,425.00 |
| Net Income | -12,247.00 | -101,429.00 | -143,279.00 | -73,425.00 |
| EBIT | 12,498.00 | -75,304.00 | -125,761.00 | -53,016.00 |
| Deprecation and Amortization | 19,586.00 | 17,584.00 | 21,036.00 | 14,281.00 |
| EBITDA | 32,084.00 | -57,720.00 | -104,725.00 | -38,735.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 72,852.94 | 69,471.92 | 57,773.79 | 48,809.66 |
| Average Shares Outstanding Diluted | 72,852.94 | 69,471.92 | 57,773.79 | 48,809.66 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -67,218.00 | -202,744.00 | -245,343.00 | 76,901.00 |
| Operating Net Income | -12,247.00 | -101,429.00 | -143,279.00 | -73,425.00 |
| Deprecation and Amortization | 19,586.00 | 17,584.00 | 21,036.00 | 14,281.00 |
| Deferred Income Tax | 761.00 | 2,800.00 | -1,536.00 | 3,446.00 |
| Share Based Compensation | 7,975.00 | 5,111.00 | -8,656.00 | 14,509.00 |
| Change in Working Capital | -11,573.00 | -145,064.00 | -145,981.00 | 95,481.00 |
| Other Operating Activities | -71,720.00 | 18,254.00 | 33,073.00 | 22,609.00 |
| Investing Cash Flow | 76,916.00 | -20,585.00 | -29,054.00 | -93,117.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -13,700.00 | -14,120.00 | -29,238.00 | -92,229.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | -10,951.00 | 0 | 0 |
| Other Investing Activities | 90,616.00 | 4,486.00 | 184.00 | -888.00 |
| Financing Cash Flow | 30,682.00 | 63,081.00 | 215,116.00 | 154,504.00 |
| Net Issuance/Repayment of Debt | -6,487.00 | 75,887.00 | 34,490.00 | -3,902.00 |
| Net Issuance/Repurchase of Equity | 57,139.00 | -240.00 | 189,837.00 | 166,823.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | -19,970.00 | -12,566.00 | -9,211.00 | -8,417.00 |
| Net Change in Cash | 40,380.00 | -160,248.00 | -59,282.00 | 138,288.00 |
| Cash at Beginning of Period | 126,080.00 | 286,532.00 | 346,642.00 | 204,394.00 |
| Cash at End of Period | 168,271.00 | 126,080.00 | 286,532.00 | 346,642.00 |
| Free Cash Flow | -83,662.00 | -217,056.00 | -274,665.00 | -16,270.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 448,229.00 | 472,625.00 | 482,242.00 | 500,032.00 | 516,614.00 |
| Current Assets | 268,328.00 | 284,717.00 | 287,047.00 | 299,012.00 | 303,614.00 |
| Cash and Short-Term Investments | 143,462.00 | 161,307.00 | 152,990.00 | 168,270.00 | 156,335.00 |
| Cash and Cash Equivalents | 143,462.00 | 161,307.00 | 152,990.00 | 168,270.00 | 156,335.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 20,077.00 | 24,122.00 | 33,524.00 | 35,205.00 | 30,359.00 |
| Inventory | 64,290.00 | 61,731.00 | 61,680.00 | 53,663.00 | 57,829.00 |
| Other Current Assets | 40,499.00 | 37,557.00 | 38,853.00 | 41,874.00 | 59,091.00 |
| Non-Current Assets | 179,900.00 | 187,908.00 | 195,195.00 | 201,020.00 | 213,000.00 |
| Property, Plant, Equipment Net | 142,066.00 | 147,448.00 | 154,310.00 | 158,116.00 | 160,300.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 25,259.00 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 7,339.00 | 8,009.00 | 7,939.00 | 9,605.00 | 11,667.00 |
| Other Non-Current Assets | 0 | 0 | 0 | 8,040.00 | 0 |
| Liabilities | 297,752.00 | 286,193.00 | 306,989.00 | 318,779.00 | 299,145.00 |
| Current Liabilities | 150,479.00 | 125,659.00 | 106,200.00 | 114,579.00 | 109,156.00 |
| Payables and Expenses | 49,108.00 | 41,256.00 | 49,835.00 | 43,614.00 | 61,482.00 |
| Account Payables | 30,118.00 | 5,682.00 | 27,835.00 | 12,639.00 | 42,897.00 |
| Current Accrued Liabilities | 0 | 15,433.00 | 0 | 22,883.00 | 0 |
| Short-Term Debt | 61,507.00 | 48,669.00 | 22,404.00 | 23,360.00 | 22,107.00 |
| Other Current Liabilities | 39,864.00 | 35,734.00 | 33,961.00 | 47,605.00 | 25,567.00 |
| Non-Current Liabilities | 147,273.00 | 160,534.00 | 200,789.00 | 204,200.00 | 189,989.00 |
| Long-Term Debt | 134,336.00 | 148,255.00 | 188,743.00 | 192,953.00 | 179,141.00 |
| Other Non-Current Liabilities | 12,937.00 | 12,279.00 | 12,046.00 | 11,247.00 | 10,848.00 |
| Equity | 150,477.00 | 186,432.00 | 175,253.00 | 181,253.00 | 217,469.00 |
| Shareholders Equity | 150,477.00 | 186,432.00 | 175,253.00 | 181,253.00 | 217,469.00 |
| Capital Stock | 25,778.00 | 25,528.00 | 24,378.00 | 24,378.00 | 24,342.00 |
| Share Premium | 672,420.00 | 666,523.00 | 647,600.00 | 647,600.00 | 647,640.00 |
| Retained Earnings | -629,101.00 | -584,746.00 | -573,160.00 | -563,929.00 | -526,942.00 |
| Treasury Shares | 0 | 0 | 0 | 645.00 | 0 |
| Accumulated Other Comprehensive Income | 81,380.00 | 79,126.00 | 76,434.00 | 40,152.00 | 72,430.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 195,843.00 | 196,924.00 | 211,147.00 | 216,313.00 | 201,248.00 |
| Net Debt | 24,260.00 | 7,078.00 | 28,192.00 | 19,103.00 | 16,243.00 |
| Common Shares Outstanding | 171,730.53 | 170,063.87 | 162,397.20 | 162,397.20 | 162,152.58 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Revenues | 29,409.00 | 48,330.00 | 49,232.00 | 52,941.00 | 45,824.00 | 0 |
| Cost Of Revenue | 23,906.00 | 24,119.00 | 23,043.00 | 27,232.00 | 25,678.00 | 0 |
| Interest Income | 845.00 | 517.00 | 511.00 | 1,046.00 | 529.00 | 0 |
| Interest Expense | 5,672.00 | 5,606.00 | 5,979.00 | 6,271.00 | 5,731.00 | 0 |
| Non-Interest Expense | 18,796.00 | 19,987.00 | 19,357.00 | 26,834.00 | 22,244.00 | 0 |
| Gross Profit | 5,503.00 | 24,211.00 | 26,189.00 | 25,709.00 | 20,146.00 | 0 |
| Operating Expenses | 42,850.00 | 34,849.00 | 32,150.00 | 46,860.00 | 31,823.00 | 0 |
| Selling, General and Administrative Expenses | 18,796.00 | 19,987.00 | 19,357.00 | 26,834.00 | 22,244.00 | 0 |
| Research and Development Expenses | 27,288.00 | 17,488.00 | 14,953.00 | 25,576.00 | 18,884.00 | 0 |
| Other Operating Expenses | -3,019.00 | -2,841.00 | -2,160.00 | -5,896.00 | -9,134.00 | 0 |
| Operating Income | -37,347.00 | -10,638.00 | -5,961.00 | -21,151.00 | -11,677.00 | 0 |
| Net Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 90,833.00 |
| EBT | -43,473.00 | -11,809.00 | -7,758.00 | -32,348.00 | -12,956.00 | 0 |
| Income Tax | 882.00 | -223.00 | 1,474.00 | 4,639.00 | -3,720.00 | 0 |
| Net Income Including Non-Controlling Interests | -44,355.00 | -11,586.00 | -9,232.00 | -36,987.00 | -9,236.00 | 0 |
| Net Income | -44,355.00 | -11,586.00 | -9,232.00 | -36,987.00 | -9,236.00 | 0 |
| EBIT | -37,801.00 | -6,203.00 | -1,779.00 | -26,077.00 | -7,225.00 | 0 |
| EBITDA | -37,801.00 | -6,203.00 | -1,779.00 | -26,077.00 | -7,225.00 | 0 |
| EPS | 0 | 0 | -0.00 | 0 | 0 | 0.00 |
| Diluted EPS | 0 | 0 | -0.00 | 0 | 0 | 0.00 |
| Average Shares Outstanding Basic | 0 | 0 | 76,933.33 | 0 | 0 | 70,129.76 |
| Average Shares Outstanding Diluted | 0 | 0 | 76,933.33 | 0 | 0 | 71,840.24 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -17,443.00 | -2,795.00 | -8,148.00 | 9,526.00 | -10,483.00 |
| Operating Net Income | -44,355.00 | -11,586.00 | -9,232.00 | -36,987.00 | -9,236.00 |
| Deprecation and Amortization | 0 | 0 | 0 | 0 | 0 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 10,532.00 | 978.00 | -8,766.00 | 23,191.00 | -3,611.00 |
| Other Operating Activities | 16,380.00 | 7,813.00 | 9,850.00 | 23,322.00 | 2,364.00 |
| Investing Cash Flow | 197.00 | -681.00 | -961.00 | 4,688.00 | -15,380.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -611.00 | -1,244.00 | -1,402.00 | -3,859.00 | -5,909.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 808.00 | 563.00 | 441.00 | 8,547.00 | -9,471.00 |
| Financing Cash Flow | -556.00 | 14,881.00 | -5,582.00 | -4,590.00 | 51,861.00 |
| Net Issuance/Repayment of Debt | -2,075.00 | -699.00 | -685.00 | 968.00 | -1,593.00 |
| Net Issuance/Repurchase of Equity | 6,112.00 | 0 | 0 | -321.00 | 57,460.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -4,593.00 | 0 | 0 | -5,237.00 | -4,006.00 |
| Net Change in Cash | -17,803.00 | 11,404.00 | -14,691.00 | 9,623.00 | 25,999.00 |
| Cash at Beginning of Period | 161,307.00 | 152,990.00 | 168,271.00 | 156,335.00 | 131,413.00 |
| Cash at End of Period | 143,462.00 | 161,307.00 | 152,990.00 | 168,271.00 | 156,335.00 |
| Free Cash Flow | -18,111.00 | -4,050.00 | -9,621.00 | 13,167.00 | -26,385.00 |