VIPS
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 0.92 | 1.21 | 1.38 | 1.22 |
| Price to Sales | 0.07 | 0.09 | 0.08 | 0.05 |
| Book Value Per Common Share | 389.78 | 340.78 | 279.50 | 240.31 |
| Price to Book | 0.03 | 0.05 | 0.05 | 0.03 |
| Price to Operating Cash Flow | 0.78 | 0.68 | 0.82 | 0.85 |
| Price to Free Cash Flow | 1.28 | 1.07 | 1.17 | 1.81 |
| Enterprise Value to EBITDA | 1174.66 | 1668.42 | 1677.78 | 1593.37 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 7.93 | 5.11 | 4.14 | 2.83 | 7.87 |
| Price to Sales | 0.45 | 0.30 | 0.31 | 0.21 | 0.40 |
| Book Value Per Common Share | 409.87 | 400.61 | 390.52 | 389.78 | 366.27 |
| Price to Book | 0.05 | 0.04 | 0.04 | 0.03 | 0.04 |
| Price to Operating Cash Flow | |||||
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA | 12507.45 | 7750.28 | 6582.66 | 4194.64 | 10961.06 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -0.48 | 48.09 | 44.01 | |
| Revenue YoY | -3.93 | 9.41 | -11.88 | |
| EBITDA YoY | 1.80 | 21.18 | 33.13 | |
| Net Profit YoY | -4.64 | 28.86 | 34.56 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | -15.90 | -22.20 | -20.60 | 138.30 | |
| Revenue YoY | -17.19 | -1.76 | -20.93 | 60.69 | |
| EBITDA YoY | -19.12 | -21.93 | -25.48 | 123.34 | |
| Net Profit YoY | -18.06 | -23.32 | -20.59 | 134.06 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 53.22 | 49.50 | 36.99 | 31.84 |
| Quick Ratio | 1.05 | 0.97 | 0.92 | 0.95 |
| Current Ratio | 1.26 | 1.23 | 1.18 | 1.27 |
| Debt to Equity | 0.80 | 0.88 | 0.92 | 0.84 |
| Long-Term Debt to Equity | 0.08 | 0.08 | 0.08 | 0.08 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 61.83 | 53.78 | 55.63 | 54.97 | 44.84 |
| Quick Ratio | 1.13 | 1.09 | 1.12 | 1.05 | 1.01 |
| Current Ratio | 1.30 | 1.26 | 1.28 | 1.26 | 1.21 |
| Debt to Equity | 0.79 | 0.79 | 0.78 | 0.80 | 0.78 |
| Long-Term Debt to Equity | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 10.33 | 11.22 | 9.62 | 7.52 |
| ROE | 18.63 | 21.05 | 18.49 | 13.84 |
| Gross Margin | 23.49 | 22.79 | 20.96 | 19.74 |
| Operating Margin | 9.27 | 8.87 | 7.85 | 5.03 |
| EBITDA Margin | 10.83 | 10.22 | 9.22 | 6.11 |
| Net Profit Margin | 7.14 | 7.19 | 6.11 | 4.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 1.56 | 2.02 | 2.61 | 3.27 | 1.50 |
| ROE | 2.79 | 3.62 | 4.65 | 5.89 | 2.67 |
| Gross Margin | 22.97 | 23.46 | 23.15 | 22.96 | 23.97 |
| Operating Margin | 7.24 | 7.41 | 9.32 | 9.89 | 7.12 |
| EBITDA Margin | 7.24 | 7.41 | 9.32 | 9.89 | 7.12 |
| Net Profit Margin | 5.71 | 5.77 | 7.40 | 7.36 | 5.06 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.01 | |||
| Dividend Payout Ratio | 21.77 |
| 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 | 74,936,126.00 | 72,322,594.00 | 65,475,510.00 | 62,287,541.00 |
| Current Assets | 37,802,559.00 | 37,560,598.00 | 33,734,433.00 | 32,841,945.00 |
| Cash and Short-Term Investments | 28,224,917.00 | 27,397,930.00 | 23,534,557.00 | 21,679,028.00 |
| Cash and Cash Equivalents | 26,352,161.00 | 25,414,729.00 | 21,938,653.00 | 16,297,410.00 |
| Short-Term Investments | 1,872,756.00 | 1,983,201.00 | 1,595,904.00 | 5,381,618.00 |
| Net Receivables | 3,154,602.00 | 2,386,779.00 | 2,673,628.00 | 2,759,304.00 |
| Inventory | 5,032,069.00 | 5,644,713.00 | 5,515,880.00 | 6,865,108.00 |
| Other Current Assets | 1,390,971.00 | 2,131,176.00 | 2,010,368.00 | 1,538,505.00 |
| Non-Current Assets | 37,133,567.00 | 34,761,996.00 | 31,741,077.00 | 29,445,596.00 |
| Property, Plant, Equipment Net | 18,891,343.00 | 17,636,900.00 | 17,414,050.00 | 15,907,155.00 |
| Goodwill | 755,213.00 | 755,213.00 | 755,213.00 | 589,165.00 |
| Intangible Assets | 11,014,244.00 | 10,465,447.00 | 7,975,105.00 | 6,933,108.00 |
| Long-Term Investments | 5,357,532.00 | 5,071,750.00 | 4,823,177.00 | 4,959,779.00 |
| Non-Current Deferred Assets | 681,029.00 | 685,017.00 | 681,770.00 | 760,023.00 |
| Other Non-Current Assets | 434,206.00 | 147,669.00 | 91,762.00 | 296,366.00 |
| Liabilities | 33,386,897.00 | 33,762,836.00 | 31,402,467.00 | 28,459,225.00 |
| Current Liabilities | 29,927,001.00 | 30,624,136.00 | 28,526,120.00 | 25,771,017.00 |
| Payables and Expenses | 22,235,114.00 | 24,535,790.00 | 21,574,837.00 | 20,055,881.00 |
| Account Payables | 15,190,560.00 | 17,259,395.00 | 15,018,138.00 | 13,144,935.00 |
| Current Accrued Liabilities | 5,937,016.00 | 6,098,346.00 | 5,064,496.00 | 5,129,846.00 |
| Short-Term Debt | 2,662,853.00 | 1,694,444.00 | 2,956,873.00 | 2,329,843.00 |
| Other Current Liabilities | 5,029,034.00 | 4,393,902.00 | 3,994,410.00 | 3,385,293.00 |
| Non-Current Liabilities | 3,459,896.00 | 3,138,700.00 | 2,876,347.00 | 2,688,208.00 |
| Long-Term Debt | 591,995.00 | 689,259.00 | 832,928.00 | 952,813.00 |
| Other Non-Current Liabilities | 2,867,901.00 | 2,449,441.00 | 2,043,419.00 | 1,735,395.00 |
| Equity | 41,549,229.00 | 38,559,758.00 | 34,073,043.00 | 33,828,316.00 |
| Shareholders Equity | 39,968,813.00 | 36,961,404.00 | 32,752,037.00 | 32,632,898.00 |
| Capital Stock | 75.00 | 73.00 | 91.00 | 91.00 |
| Share Premium | 4,912,703.00 | 4,444,755.00 | 13,091,781.00 | 12,227,637.00 |
| Retained Earnings | 42,906,188.00 | 36,836,928.00 | 28,720,304.00 | 22,421,488.00 |
| Treasury Shares | 7,042,759.00 | 3,624,763.00 | 8,352,511.00 | 1,927,719.00 |
| Accumulated Other Comprehensive Income | -807,394.00 | -695,589.00 | -707,628.00 | -88,599.00 |
| Minority Interest | 1,580,416.00 | 1,598,354.00 | 1,321,006.00 | 1,195,418.00 |
| Debt | 3,254,848.00 | 2,383,703.00 | 3,789,801.00 | 3,282,656.00 |
| Common Shares Outstanding | 102,542.50 | 108,460.60 | 117,181.69 | 135,793.25 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 108,420,832.00 | 112,856,020.00 | 103,152,489.00 | 117,059,678.00 |
| Cost Of Revenue | 82,951,178.00 | 87,135,128.00 | 81,536,409.00 | 93,953,121.00 |
| Interest Income | 809,792.00 | 780,292.00 | 764,018.00 | 671,461.00 |
| Interest Expense | 57,676.00 | 22,932.00 | 24,258.00 | 14,461.00 |
| Non-Interest Expense | 6,972,311.00 | 7,388,783.00 | 7,290,834.00 | 9,278,903.00 |
| Gross Profit | 25,469,654.00 | 25,720,892.00 | 21,616,080.00 | 23,106,557.00 |
| Operating Expenses | 16,474,325.00 | 16,785,697.00 | 15,621,283.00 | 17,699,634.00 |
| Selling, General and Administrative Expenses | 6,972,311.00 | 7,388,783.00 | 7,290,834.00 | 9,278,903.00 |
| Other Operating Expenses | 9,502,014.00 | 9,396,914.00 | 8,330,449.00 | 8,420,731.00 |
| Operating Income | 8,995,329.00 | 8,935,195.00 | 5,994,797.00 | 5,406,923.00 |
| EBT | 9,987,480.00 | 9,987,002.00 | 8,077,204.00 | 5,873,275.00 |
| Income Tax | 2,315,515.00 | 1,866,004.00 | 1,758,810.00 | 1,222,704.00 |
| Net Income Including Non-Controlling Interests | 7,838,945.00 | 8,201,299.00 | 6,311,835.00 | 4,692,874.00 |
| Net Income Non-Controlling Interests | -99,010.00 | -84,675.00 | -13,019.00 | -11,801.00 |
| Net Income | 7,739,935.00 | 8,116,624.00 | 6,298,816.00 | 4,681,073.00 |
| EBIT | 10,045,156.00 | 10,009,934.00 | 8,101,462.00 | 5,887,736.00 |
| Deprecation and Amortization | 1,692,333.00 | 1,520,485.00 | 1,413,401.00 | 1,259,530.00 |
| EBITDA | 11,737,489.00 | 11,530,419.00 | 9,514,863.00 | 7,147,266.00 |
| EPS | 0.01 | 0.01 | 0.01 | 0.01 |
| Diluted EPS | 0.01 | 0.01 | 0.01 | 0.01 |
| Average Shares Outstanding Basic | 530,374.57 | 553,478.89 | 636,175.24 | 680,875.56 |
| Average Shares Outstanding Diluted | 539,279.03 | 562,761.99 | 640,786.52 | 693,725.11 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 9,128,983.00 | 14,414,513.00 | 10,519,692.00 | 6,744,644.00 |
| Operating Net Income | 7,838,945.00 | 8,201,299.00 | 6,311,835.00 | 4,692,874.00 |
| Deprecation and Amortization | 1,692,333.00 | 1,520,485.00 | 1,413,401.00 | 1,259,530.00 |
| Deferred Income Tax | 95,359.00 | 115,511.00 | 50,275.00 | -152,016.00 |
| Share Based Compensation | 1,537,740.00 | 1,509,806.00 | 1,207,581.00 | 1,010,013.00 |
| Change in Working Capital | -1,679,397.00 | 3,446,690.00 | 1,100,745.00 | -741,440.00 |
| Other Operating Activities | -355,997.00 | -379,278.00 | 435,855.00 | 675,683.00 |
| Investing Cash Flow | -3,565,550.00 | -5,160,337.00 | 1,049,153.00 | -2,326,489.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -2,702,742.00 | -1,968,165.00 | -2,387,954.00 | -2,337,322.00 |
| Net Purchase/Sale of Investments Net | 138,258.00 | -393,390.00 | 3,935,920.00 | 1,736,255.00 |
| Net Purchase/Sale of Business | -625,421.00 | -281,126.00 | -668,813.00 | -308,505.00 |
| Other Investing Activities | -375,645.00 | -2,517,656.00 | 170,000.00 | -1,416,917.00 |
| Financing Cash Flow | -4,969,579.00 | -6,146,005.00 | -5,573,391.00 | -58,788.00 |
| Net Issuance/Repayment of Debt | 973,103.00 | -1,212,404.00 | 541,029.00 | 1,024,505.00 |
| Net Issuance/Repurchase of Equity | -3,865,781.00 | -5,106,944.00 | -6,257,703.00 | -1,938,798.00 |
| Dividends Paid | -1,684,721.00 | 0 | 0 | 0 |
| Other Financing Activities | -392,180.00 | 173,343.00 | 143,283.00 | 0 |
| Net Change in Cash | 593,854.00 | 3,108,171.00 | 5,995,454.00 | 4,359,367.00 |
| Cash at Beginning of Period | 26,297,366.00 | 23,103,401.00 | 17,171,269.00 | 12,811,321.00 |
| Cash at End of Period | 26,954,503.00 | 26,297,366.00 | 23,103,401.00 | 17,171,269.00 |
| Free Cash Flow | 5,566,397.00 | 9,183,776.00 | 7,417,103.00 | 3,165,999.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Assets | 78,328,410.00 | 73,583,838.00 | 74,574,795.00 | 74,936,126.00 | 69,484,615.00 | 0 |
| Current Assets | 40,271,762.00 | 36,416,318.00 | 37,434,041.00 | 37,802,559.00 | 32,728,378.00 | 0 |
| Cash and Short-Term Investments | 30,488,770.00 | 27,219,302.00 | 28,561,822.00 | 28,224,917.00 | 23,430,275.00 | 0 |
| Cash and Cash Equivalents | 24,567,750.00 | 24,238,054.00 | 28,369,482.00 | 26,352,161.00 | 21,870,029.00 | 0 |
| Short-Term Investments | 5,921,020.00 | 2,981,248.00 | 192,340.00 | 1,872,756.00 | 1,560,246.00 | 0 |
| Net Receivables | 4,534,306.00 | 4,418,382.00 | 4,200,152.00 | 3,154,602.00 | 4,087,564.00 | 0 |
| Inventory | 4,714,870.00 | 4,276,040.00 | 4,179,459.00 | 5,032,069.00 | 4,626,792.00 | 0 |
| Other Current Assets | 533,816.00 | 502,594.00 | 492,608.00 | 1,390,971.00 | 583,747.00 | 0 |
| Non-Current Assets | 38,056,648.00 | 37,167,520.00 | 37,140,754.00 | 37,133,567.00 | 36,756,237.00 | 0 |
| Property, Plant, Equipment Net | 19,003,577.00 | 18,940,578.00 | 18,843,466.00 | 18,891,343.00 | 18,729,813.00 | 0 |
| Goodwill | 755,213.00 | 755,213.00 | 755,213.00 | 755,213.00 | 755,213.00 | 0 |
| Intangible Assets | 10,803,854.00 | 10,874,397.00 | 10,944,947.00 | 11,014,244.00 | 11,072,897.00 | 0 |
| Long-Term Investments | 6,446,992.00 | 5,597,680.00 | 5,571,574.00 | 5,357,532.00 | 5,284,945.00 | 0 |
| Non-Current Deferred Assets | 769,846.00 | 713,496.00 | 750,262.00 | 681,029.00 | 733,805.00 | 0 |
| Other Non-Current Assets | 277,166.00 | 286,156.00 | 275,292.00 | 434,206.00 | 179,564.00 | 0 |
| Liabilities | 34,539,267.00 | 32,452,079.00 | 32,756,944.00 | 33,386,897.00 | 30,353,141.00 | 0 |
| Current Liabilities | 31,053,221.00 | 29,004,122.00 | 29,281,896.00 | 29,927,001.00 | 27,156,553.00 | 0 |
| Payables and Expenses | 20,943,373.00 | 20,261,232.00 | 22,733,033.00 | 22,235,114.00 | 19,685,122.00 | 0 |
| Account Payables | 11,673,573.00 | 11,733,049.00 | 12,410,216.00 | 15,190,560.00 | 11,352,270.00 | 0 |
| Current Accrued Liabilities | 9,171,620.00 | 8,400,509.00 | 10,188,850.00 | 5,937,016.00 | 8,176,729.00 | 0 |
| Short-Term Debt | 7,930,123.00 | 6,722,788.00 | 4,495,365.00 | 2,662,853.00 | 5,463,289.00 | 0 |
| Other Current Liabilities | 2,179,725.00 | 2,020,102.00 | 2,053,498.00 | 5,029,034.00 | 2,008,142.00 | 0 |
| Non-Current Liabilities | 3,486,046.00 | 3,447,957.00 | 3,475,048.00 | 3,459,896.00 | 3,196,588.00 | 0 |
| Long-Term Debt | 584,779.00 | 594,153.00 | 591,405.00 | 591,995.00 | 602,394.00 | 0 |
| Other Non-Current Liabilities | 2,901,267.00 | 2,853,804.00 | 2,883,643.00 | 2,867,901.00 | 2,594,194.00 | 0 |
| Equity | 43,789,143.00 | 41,131,759.00 | 41,817,851.00 | 41,549,229.00 | 39,131,474.00 | 0 |
| Shareholders Equity | 40,412,899.00 | 39,500,179.00 | 40,214,319.00 | 39,968,813.00 | 37,603,442.00 | 0 |
| Capital Stock | 0 | 0 | 0 | 75.00 | 75.00 | 74.00 |
| Share Premium | 0 | 0 | 0 | 4,912,703.00 | 4,955,622.00 | 4,751,653.00 |
| Retained Earnings | 0 | 0 | 0 | 42,906,188.00 | 40,459,508.00 | 39,414,170.00 |
| Treasury Shares | 0 | 0 | 0 | 7,042,759.00 | 7,086,151.00 | 5,205,735.00 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | -807,394.00 | -725,612.00 | -684,551.00 |
| Minority Interest | 3,376,244.00 | 1,631,580.00 | 1,603,532.00 | 1,580,416.00 | 1,528,032.00 | 0 |
| Debt | 8,514,902.00 | 7,316,941.00 | 5,086,770.00 | 3,254,848.00 | 6,065,683.00 | 0 |
| Common Shares Outstanding | 98,600.00 | 98,600.00 | 102,976.66 | 102,542.50 | 102,665.54 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 21,370,865.00 | 25,806,360.00 | 26,268,543.00 | 33,223,843.00 | 20,675,941.00 |
| Cost Of Revenue | 16,461,954.00 | 19,751,363.00 | 20,186,333.00 | 25,596,304.00 | 15,720,539.00 |
| Interest Income | 190,822.00 | 195,951.00 | 222,950.00 | 227,428.00 | 174,651.00 |
| Interest Expense | 26,434.00 | 23,482.00 | 10,240.00 | 17,560.00 | 15,895.00 |
| Non-Interest Expense | 1,651,868.00 | 2,012,238.00 | 1,682,943.00 | 2,135,394.00 | 1,575,613.00 |
| Gross Profit | 4,908,911.00 | 6,054,997.00 | 6,082,210.00 | 7,627,539.00 | 4,955,402.00 |
| Operating Expenses | 3,646,511.00 | 4,357,093.00 | 3,805,412.00 | 4,954,235.00 | 3,625,501.00 |
| Selling, General and Administrative Expenses | 1,651,868.00 | 2,012,238.00 | 1,682,943.00 | 2,135,394.00 | 1,575,613.00 |
| Other Operating Expenses | 1,994,643.00 | 2,344,855.00 | 2,122,469.00 | 2,818,841.00 | 2,049,888.00 |
| Operating Income | 1,262,400.00 | 1,697,904.00 | 2,276,798.00 | 2,673,304.00 | 1,329,901.00 |
| EBT | 1,520,090.00 | 1,888,630.00 | 2,439,113.00 | 3,269,377.00 | 1,455,854.00 |
| Income Tax | 301,065.00 | 407,189.00 | 507,667.00 | 816,363.00 | 474,220.00 |
| Net Income Including Non-Controlling Interests | 1,260,140.00 | 1,517,798.00 | 1,980,311.00 | 2,485,813.00 | 1,060,677.00 |
| Net Income Non-Controlling Interests | -39,463.00 | -28,049.00 | -37,466.00 | -39,134.00 | -15,338.00 |
| Net Income | 1,220,677.00 | 1,489,749.00 | 1,942,845.00 | 2,446,679.00 | 1,045,339.00 |
| EBIT | 1,546,524.00 | 1,912,112.00 | 2,449,353.00 | 3,286,937.00 | 1,471,749.00 |
| EBITDA | 1,546,524.00 | 1,912,112.00 | 2,449,353.00 | 3,286,937.00 | 1,471,749.00 |
| 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 | 493,067.54 | 506,145.74 | 513,411.42 | 513,444.49 | 522,481.34 |
| Average Shares Outstanding Diluted | 504,590.64 | 511,765.82 | 521,575.55 | 521,501.40 | 530,188.57 |
| Breakdown |
|---|
| Operating Cash Flow |
| Operating Net Income |
| Deprecation and Amortization |
| Deferred Income Tax |
| Share Based Compensation |
| Change in Working Capital |
| Other Operating Activities |
| Investing Cash Flow |
| Capital Expenditure |
| Net Purchase/Sale of PPE |
| Net Purchase/Sale of Investments Net |
| Net Purchase/Sale of Business |
| Other Investing Activities |
| Financing Cash Flow |
| Net Issuance/Repayment of Debt |
| Net Issuance/Repurchase of Equity |
| Dividends Paid |
| Other Financing Activities |
| Net Change in Cash |
| Cash at Beginning of Period |
| Cash at End of Period |
| Free Cash Flow |