Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -5.00 -18.68 -24.08 -211.05
Price to Sales 3.83 4.04 4.36 13.55
Book Value Per Common Share 1.29 2.47 2.99 2.39
Price to Book 4.26 5.75 6.13 16.81
Price to Operating Cash Flow -7.91 -19.49 -33.66 -109.77
Price to Free Cash Flow -4.14 -11.17 -18.57 -54.98
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Price to Earnings -2.23 -2.57 -3.09 -2.27 -1.76 -47.78 -151.43
Price to Sales 1.79 0.89 1.37 1.97 15.52 24.84 18.18 49.59
Book Value Per Common Share 7.12 8.32 11.87 1.29 18.27 2.34 2.47 2.86 2.92 2.99 2.25 2.39
Price to Book 0.38 0.27 0.28 4.26 0.33 3.68 5.75 7.40 5.81 6.13 18.55 16.81
Price to Operating Cash Flow -2.31 -5.71 -2.86 -2.37 -46.80 -72.28 -253.96
Price to Free Cash Flow -1.96 -2.93 -1.93 -1.53 -21.89 -54.21 -155.42
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY -56.95 4.50 102.79
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Earning YoY
Revenue YoY -27.90 31.65 -41.84 -35.06 -8.48 50.82
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 0.75 2.20 3.28 1.87
Quick Ratio 4.99 6.59 4.63
Current Ratio 2.78 6.32 7.88 6.07
Debt to Equity 0.35 0.24 0.16 0.23
Long-Term Debt to Equity 0.15 0.11 0.04 0.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Cash Per Common Share 1.21 3.14 3.30 0.50 11.71 1.80 2.20 2.87 2.37 2.62 1.15 1.42
Quick Ratio 1.24 1.69 2.93 5.94 4.99 6.19 6.00 6.59 2.58 4.63
Current Ratio 4.13 4.18 4.04 2.78 4.00 7.52 6.32 7.52 7.41 7.88 4.04 6.07
Debt to Equity 0.19 0.20 0.33 0.35 0.30 0.21 0.24 0.23 0.16 0.16 0.30 0.23
Long-Term Debt to Equity 0.03 0.03 0.16 0.15 0.13 0.11 0.11 0.10 0.04 0.04 0.10 0.10

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -42.67 -18.05 -13.44 -4.91
ROE -57.48 -22.44 -15.56 -6.05
Gross Margin -5.22 29.09 33.32 39.79
Operating Margin -95.82 -28.60 -17.60 -5.54
EBITDA Margin -83.69 -24.55 -15.87 -4.28
Net Profit Margin -76.77 -21.52 -16.06 -6.41
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31
ROA -14.58 -7.40 -6.84 -8.33 -4.63 -2.93 -3.16 -5.81
ROE -17.30 -8.88 -9.12 -10.82 -5.59 -3.59 -3.68 -7.57
Gross Margin -1.32 13.75 14.87 -5.02 5.26 27.82 36.29 41.36
Operating Margin -79.99 -34.37 -43.57 -101.78 -42.99 -22.57 -20.01 -19.56
EBITDA Margin -64.90 -21.32 -31.35 -82.46 -34.93 -19.07 -17.55 -18.20
Net Profit Margin -80.36 -34.78 -44.58 -86.59 -31.96 -16.43 -13.14 -20.24

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 2024-06-30 2024-03-31 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 25,887.90 39,846.71 38,231.48 20,599.18
   Current Assets 10,419.14 26,646.32 29,887.53 13,073.35
   Deposits 0 0 32.52 25.00
      Cash and Short-Term Investments 7,491.12 20,960.65 24,982.61 9,972.26
            Cash and Cash Equivalents 7,491.12 16,497.70 23,501.01 6,975.30
            Short-Term Investments 0 4,462.94 1,481.61 2,996.96
      Net Receivables 0 80.16 14.17 5.14
      Inventory 2,516.76 4,884.76 4,008.33 1,799.77
      Other Current Assets 411.26 720.75 882.42 1,296.18
   Non-Current Assets 15,468.76 13,200.40 8,343.95 7,525.84
      Property, Plant, Equipment Net 15,428.48 13,148.98 6,865.52 4,433.70
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 0 0 1,445.91 3,067.14
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 40.28 51.42 32.52 25.00
Liabilities 6,671.06 7,797.10 5,210.59 3,899.48
   Current Liabilities 3,747.99 4,216.35 3,791.06 2,155.42
      Payables and Expenses 3,009.33 3,474.54 3,306.45 1,657.67
            Account Payables 2,215.08 2,399.03 2,065.68 1,200.86
            Current Accrued Liabilities 794.25 1,075.51 1,240.77 456.81
      Short-Term Debt 658.66 697.61 479.31 368.60
      Other Current Liabilities 80.00 44.20 5.30 129.14
   Non-Current Liabilities 2,923.07 3,580.75 1,419.53 1,744.06
      Long-Term Debt 2,923.07 3,580.75 1,419.53 1,744.06
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00
Equity 19,216.85 32,049.62 33,020.89 16,699.70
   Shareholders Equity 19,216.85 23,511.19 28,435.73 16,699.70
      Capital Stock 14.87 9.52 9.52 7.00
      Share Premium 44,594.93 37,848.66 35,581.02 18,710.26
      Retained Earnings -25,392.96 -14,346.98 -7,154.81 -2,017.56
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 0 8,538.42 4,585.15 0
Investments 0 4,462.94 2,927.52 6,064.10
Debt 3,581.72 4,278.36 1,898.84 2,112.67
Common Shares Outstanding 14,874.48 9,520.00 9,520.00 7,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 14,388.52 33,425.91 31,987.72 15,774.17
Cost Of Revenue 15,139.94 23,702.88 21,330.92 9,498.38
Gross Profit -751.42 9,723.03 10,656.81 6,275.79
Operating Expenses 13,800.34 21,710.33 16,678.51 7,906.51
   Selling, General and Administrative Expenses 9,672.16 18,913.37 15,183.23 7,496.87
   Research and Development Expenses 586.38 1,443.57 941.53 211.11
   Other Operating Expenses 3,541.80 1,353.38 553.75 198.52
Operating Income -14,551.77 -11,987.30 -6,021.71 -1,630.72
Net Non-Operating Income 541.86 2,205.10 228.29 619.71
Interest Expense 222.59 221.16 164.16 136.71
Net Interest -222.59 -221.16 -164.16 -136.71
EBT -14,009.91 -9,782.20 -5,793.41 -1,011.01
Income Tax 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -14,009.91 -9,782.20 -4,481.09 -1,011.01
Net Income Non-Controlling Interests 2,963.93 2,590.02 -656.16 0.00
Net Income -11,045.97 -7,192.18 -5,137.25 -1,011.01
EBIT -13,787.31 -9,561.04 -5,629.26 -874.30
Deprecation and Amortization 1,745.22 1,353.38 553.75 198.52
EBITDA -12,042.09 -8,207.66 -5,075.51 -675.78
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 10,032.04 9,520.00 7,624.94 5,331.40
Average Shares Outstanding Diluted 10,032.04 9,520.00 7,624.94 5,331.40
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -6,973.62 -6,934.77 -4,146.03 -1,947.54
   Operating Net Income -14,009.91 -9,782.20 -5,793.41 -1,011.01
   Deprecation and Amortization 1,745.22 1,353.38 553.75 198.52
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 1,177.14 1,902.75 1,448.75 309.83
   Change in Working Capital 2,138.62 -1,215.17 -549.19 -1,143.58
   Other Operating Activities 1,975.31 806.47 194.08 -301.31
Investing Cash Flow -1,861.63 -6,629.02 -195.60 -8,037.26
   Capital Expenditure -6,341.71 -5,162.48 -3,365.68 -1,940.70
   Net Purchase/Sale of PPE -6,335.71 -5,162.48 -3,190.68 -1,940.70
   Net Purchase/Sale of Investments Net 0 0 0 -6,096.56
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 10,815.79 3,695.93 6,360.75 1,940.70
Financing Cash Flow -213.74 6,818.02 20,867.34 16,068.29
   Net Issuance/Repayment of Debt 0 0 -57.66 -286.47
   Net Issuance/Repurchase of Equity 0 0 6,001.84 15,852.04
   Dividends Paid 0 0 0 0
   Other Financing Activities -213.74 6,818.02 14,923.16 502.72
Net Change in Cash -9,048.99 -6,745.77 16,525.71 6,083.49
   Cash at Beginning of Period 16,755.23 23,501.01 6,975.30 0
   Cash at End of Period 7,706.24 16,755.23 23,501.01 0
Free Cash Flow -13,315.33 -12,097.25 -7,511.71 -3,888.24
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-06-30 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Assets 18,894.71 22,357.95 23,550.27 25,887.90 30,140.48 0 36,454.35 39,846.71 45,582.48 36,895.73 38,231.48 20,501.77 20,599.18
   Current Assets 10,053.77 13,392.95 12,200.83 10,419.14 15,378.98 0 21,778.75 26,646.32 33,938.10 28,555.02 29,887.53 12,606.26 13,073.35
   Deposits 0 0 0 0 0 0 0 0 0 32.52 32.52 25.00 25.00
      Cash and Short-Term Investments 2,704.57 5,961.67 4,910.27 7,491.12 11,144.93 0 17,120.52 20,960.65 27,336.74 22,514.33 24,982.61 8,059.38 9,972.26
            Cash and Cash Equivalents 2,704.57 5,961.67 5,125.38 7,491.12 11,144.93 0 16,137.92 16,497.70 26,337.13 21,022.51 23,501.01 5,061.38 6,975.30
            Short-Term Investments 0 0 0 0 0 995.21 982.60 4,462.94 999.61 1,491.81 1,481.61 2,998.00 2,996.96
      Net Receivables 312.99 0 198.83 0 129.54 115.79 90.87 80.16 570.13 625.33 14.17 5.02 5.14
      Inventory 2,462.14 2,681.00 2,375.19 2,516.76 3,343.47 0 3,889.98 4,884.76 5,576.48 4,796.79 4,008.33 3,213.18 1,799.77
      Other Current Assets 4,574.07 0 4,716.55 411.26 761.04 0 677.38 720.75 454.75 618.58 882.42 1,328.68 1,296.18
   Non-Current Assets 8,840.94 8,965.00 11,349.43 15,468.76 14,761.50 0 14,675.60 13,200.40 11,644.38 8,340.71 8,343.95 7,895.51 7,525.84
      Property, Plant, Equipment Net 8,814.74 8,938.81 11,323.24 15,428.48 14,712.78 0 14,626.89 13,148.98 10,649.08 7,365.45 6,865.52 4,890.47 4,433.70
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 947.79 942.74 1,445.91 2,980.04 3,067.14
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 26.19 26.19 26.19 40.28 48.71 0 48.71 51.42 47.52 32.52 32.52 25.00 25.00
Liabilities 2,963.09 3,734.71 5,887.69 6,671.06 6,932.27 0 6,313.65 7,797.10 8,391.92 5,220.34 5,210.59 4,768.56 3,899.48
   Current Liabilities 2,436.83 3,203.86 3,021.25 3,747.99 3,843.29 0 2,896.96 4,216.35 4,511.97 3,854.14 3,791.06 3,122.63 2,155.42
      Payables and Expenses 1,786.07 2,735.29 2,457.31 3,009.33 2,967.73 0 2,192.07 3,474.54 3,657.89 3,345.34 3,306.45 2,629.53 1,657.67
            Account Payables 1,410.07 2,025.15 1,505.56 2,215.08 1,957.90 0 1,494.27 2,399.03 2,465.40 2,716.12 2,065.68 1,969.49 1,200.86
            Current Accrued Liabilities 376.00 710.13 951.75 794.25 1,009.83 0 697.80 1,075.51 1,192.49 629.22 1,240.77 660.04 456.81
      Short-Term Debt 129.83 239.60 551.44 658.66 651.24 0 683.45 697.61 671.74 503.00 479.31 377.86 368.60
      Other Current Liabilities 520.94 228.97 12.50 80.00 224.33 0 21.45 44.20 182.34 5.80 5.30 115.24 129.14
   Non-Current Liabilities 526.26 530.85 2,866.44 2,923.07 3,088.97 0 3,416.69 3,580.75 3,879.95 1,366.20 1,419.53 1,645.93 1,744.06
      Long-Term Debt 526.26 530.85 2,866.44 2,923.07 3,088.97 0 3,416.69 3,580.75 3,879.95 1,366.20 1,419.53 1,645.93 1,744.06
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Equity 15,931.62 18,623.24 17,662.58 19,216.85 23,208.21 0 30,140.70 32,049.62 37,190.56 31,675.39 33,020.89 15,733.22 16,699.70
   Shareholders Equity 15,931.62 18,623.24 17,662.58 19,216.85 17,389.99 0 22,251.25 23,511.19 27,271.53 27,751.93 28,435.73 15,733.22 16,699.70
      Capital Stock 2.24 2.24 1.49 14.87 9.52 0 9.52 9.52 9.52 9.52 9.52 7.00 7.00
      Share Premium 47,342.16 47,278.26 44,664.29 44,594.93 38,871.55 0 38,274.94 37,848.66 36,918.23 36,063.99 35,581.02 18,935.09 18,710.26
      Retained Earnings -31,412.78 -28,657.27 -27,003.19 -25,392.96 -21,491.08 0 -16,033.21 -14,346.98 -9,656.22 -8,321.58 -7,154.81 -3,208.87 -2,017.56
      Treasury Shares 0 0 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 0 0
   Minority Interest 0 0 0 0 5,818.22 6,315.96 7,889.45 8,538.42 9,919.03 3,923.46 4,585.15 0 0
Investments 0 0 0 0 0 0 982.60 4,462.94 1,947.40 2,434.55 2,927.52 5,978.04 6,064.10
Debt 656.09 770.45 3,417.88 3,581.72 3,740.21 0 4,100.13 4,278.36 4,551.70 1,869.20 1,898.84 2,023.79 2,112.67
Common Shares Outstanding 2,237.30 2,237.30 1,487.44 14,874.48 952.00 0 9,520.00 9,520.00 9,520.00 9,520.00 9,520.00 7,000.00 7,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-06-30 2023-03-31 2022-03-31
Revenues 3,428.98 4,755.62 3,612.29 6,210.86 2,901.32 0 5,276.34 8,124.63 8,877.22 5,886.00
Cost Of Revenue 3,474.21 4,101.56 3,075.18 7,093.94 3,046.97 0 4,999.03 5,864.17 5,655.39 3,451.65
Interest Income 32.87 39.68 0 0 99.42 0 0 0 0 0
Interest Expense 12.58 19.56 36.20 98.61 57.03 0 66.95 70.13 51.94 39.84
Net Interest 0 0 0 -155.64 0 0 -66.95 -70.13 -51.94 -39.84
Non-Interest Expense 1,874.42 1,850.88 0 0 2,313.71 0 0 0 0 0
Gross Profit -45.23 654.05 537.11 -883.08 -145.66 0 277.31 2,260.46 3,221.83 2,434.35
Operating Expenses 2,294.24 2,276.43 2,216.21 8,136.25 2,843.57 0 2,820.52 5,304.69 5,591.35 3,482.51
   Selling, General and Administrative Expenses 1,874.42 1,850.88 1,711.53 5,112.90 2,313.71 0 2,245.55 4,758.65 4,670.43 3,180.87
   Research and Development Expenses 0 0 0 347.29 89.40 0 149.69 261.47 702.65 221.54
   Other Operating Expenses 0 0 504.68 3,116.52 0 0 425.28 284.56 218.28 80.09
Operating Income -2,339.47 -1,622.38 -1,679.09 -9,019.33 -2,989.23 0 -2,543.21 -3,044.23 -2,369.52 -1,048.15
Net Non-Operating Income 0.89 1.61 68.85 333.37 0.48 0 208.01 1,140.48 541.06 -143.16
EBT -2,755.51 -1,654.07 -1,610.24 -8,664.81 -3,009.91 0 -2,335.19 -1,903.74 -1,828.46 -1,191.32
Income Tax 0 0 0.00 0.00 0 0 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -2,755.51 -1,654.07 -1,610.24 -8,664.81 -3,009.91 0 -2,335.19 -1,903.74 -1,828.46 -1,191.32
Net Income Non-Controlling Interests 0 0 0.00 1,817.23 497.74 0 648.97 569.10 661.69 0.00
Net Income -2,755.51 -1,654.07 -1,610.24 -6,847.58 -2,512.16 0 -1,686.23 -1,334.64 -1,166.77 -1,191.32
EBIT -2,742.93 -1,634.52 -1,574.04 -8,566.19 -2,952.87 0 -2,268.24 -1,833.62 -1,776.53 -1,151.48
Deprecation and Amortization 517.55 620.70 441.67 759.41 560.53 0 425.28 284.56 218.28 80.09
EBITDA -2,225.39 -1,013.82 -1,132.37 -7,806.79 -2,392.34 0 -1,842.96 -1,549.05 -1,558.25 -1,071.38
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 0 0
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 0 0
Average Shares Outstanding Basic 2,237.30 1,899.53 1,487.44 28,704.16 952.00 952.00 9,520.00 9,520.00 0 0
Average Shares Outstanding Diluted 2,237.30 1,899.53 1,487.44 28,704.16 952.00 952.00 9,520.00 9,520.00 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-03-31 2023-06-30 2023-03-31 2022-03-31
Operating Cash Flow -2,648.07 -745.61 -1,736.28 -2,406.87 -1,749.92 0 -2,232.65 -1,149.67
   Operating Net Income -2,755.51 -1,654.07 -1,610.24 -3,009.91 -2,335.19 0 -1,828.46 -1,191.32
   Deprecation and Amortization 517.55 620.70 441.67 560.53 425.28 284.56 218.28 80.09
   Deferred Income Tax 0 0 0 0 0 0 0 0
   Share Based Compensation 63.90 59.63 55.97 278.87 426.28 0 482.96 224.83
   Change in Working Capital -950.39 270.18 -810.86 231.45 -514.52 0 -1,097.39 -367.23
   Other Operating Activities 476.38 -42.05 187.18 -467.81 248.23 0 -8.03 103.95
Investing Cash Flow -452.93 -707.66 -789.77 -320.03 1,476.45 0 -243.01 -647.86
   Capital Expenditure 0 0 -828.86 0 -1,991.05 0.00 -744.01 -728.37
   Net Purchase/Sale of PPE -452.93 -707.66 -803.86 -1,323.39 -1,991.05 0 -744.01 -648.37
   Net Purchase/Sale of Investments Net 0 0 0 1,003.36 0 0 0 0.52
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0
   Other Investing Activities 0.00 0.00 842.95 0.00 5,458.55 0 1,245.01 728.37
Financing Cash Flow -156.22 2,504.80 -54.81 -53.54 -83.73 0 -2.83 -116.39
   Net Issuance/Repayment of Debt -5.13 -50.30 0 -53.54 0 0 -2.83 0
   Net Issuance/Repurchase of Equity 0.00 0 0 0 0 0 0 0
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities -151.09 0 -54.81 0.00 -83.73 0 0.00 -116.39
Net Change in Cash -3,257.10 1,051.40 -2,580.86 -2,780.44 -357.21 0 -2,478.49 -1,913.92
   Cash at Beginning of Period 6,176.78 5,125.38 7,706.24 14,138.34 16,755.23 0 23,501.01 0
   Cash at End of Period 2,919.69 6,176.78 0 11,357.89 16,398.03 26,337.13 21,022.51 0
Free Cash Flow -3,128.48 -1,453.27 -2,565.14 -3,736.26 -3,740.97 0 -2,976.66 -1,878.04