Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 40.00 30.15 -7.00 -54.42
Price to Sales 2.52 1.53 1.28 7.33
Book Value Per Common Share 2.47 2.34 2.19 2.32
Price to Book 2.59 1.67 1.57 7.75
Price to Operating Cash Flow 18.45 16.93 -14.94 179.96
Price to Free Cash Flow 18.52 16.98 -14.63 185.15
Enterprise Value to EBITDA 181810.58
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Price to Earnings -775.00 101.00 -263.00 640.00 84.17 102.25 -74.25
Price to Sales 11.93 6.24 8.24 10.10 7.86 6.43 5.98 17.69
Book Value Per Common Share 2.35 2.36 2.33 2.47 2.47 2.38 2.16 2.22
Price to Book 3.29 1.71 2.25 2.59 2.05 1.72 1.77 5.35
Price to Operating Cash Flow 64.80 33.72 -404.62 96.39 39.55 120.65 -497.40 -71.65
Price to Free Cash Flow 67.74 38.59 -201.53 96.82 39.58 124.32 -467.07 -70.30
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY 23.08
Revenue YoY -0.05 -3.65 10.56
EBITDA YoY 0.76
Net Profit YoY 20.30
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Earning YoY -83.33 50.00
Revenue YoY 1.06 1.57 -0.12 -1.35 -0.33 1.28 -4.40
EBITDA YoY -52.93 43.02 155.55
Net Profit YoY -83.27 49.84

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.98 1.85 1.70 2.01
Quick Ratio 1.57 1.45 1.31 1.36
Current Ratio 1.68 1.55 1.39 1.43
Debt to Equity 0.57 0.63 0.71 0.75
Long-Term Debt to Equity 0.03 0.04 0.05 0.06
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Cash Per Common Share 1.97 1.87 1.79 2.00 2.00 1.84 1.66 1.80
Quick Ratio 1.47 1.49 1.47 1.57 1.58 1.50 1.33 1.29
Current Ratio 1.57 1.59 1.58 1.68 1.69 1.62 1.40 1.35
Debt to Equity 0.61 0.59 0.58 0.57 0.57 0.59 0.68 0.74
Long-Term Debt to Equity 0.02 0.02 0.03 0.03 0.03 0.04 0.05 0.03

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 4.12 3.54 -13.15 -8.13
ROE 6.48 5.76 -22.49 -14.24
Gross Margin 78.24 78.05 76.08 73.82
Operating Margin 8.09 6.21 -17.94 -13.26
EBITDA Margin 8.50 8.44 -15.11 -11.53
Net Profit Margin 6.36 5.28 -18.38 -13.47
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
ROA -0.37 0.99 -0.65 0.24 1.42 0.97 -0.12 -4.27
ROE -0.59 1.58 -1.02 0.37 2.22 1.55 -0.20 -7.42
Gross Margin 77.86 77.88 76.65 77.80 79.24 77.65 77.15 75.31
Operating Margin -4.34 3.56 -5.91 4.84 10.50 6.11 -0.16 -24.03
EBITDA Margin -3.91 4.07 -5.53 5.22 10.93 7.62 3.02 -20.85
Net Profit Margin -2.21 5.89 -3.80 1.48 8.70 5.79 -0.67 -24.51

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 2024-03-31 2023-03-31 2022-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 642,821.00 622,920.00 605,431.00 649,361.00
   Current Assets 374,656.00 351,468.00 324,326.00 370,162.00
      Cash and Short-Term Investments 325,276.00 301,372.00 274,497.00 321,900.00
            Cash and Cash Equivalents 325,276.00 301,372.00 274,497.00 321,900.00
            Short-Term Investments 0 0 0 0
      Net Receivables 24,648.00 26,605.00 31,434.00 29,451.00
      Inventory 0 0 0 0
      Other Current Assets 24,732.00 23,491.00 18,395.00 18,811.00
   Non-Current Assets 268,165.00 271,452.00 281,105.00 279,199.00
      Property, Plant, Equipment Net 456.00 13,402.00 20,106.00 16,402.00
      Goodwill 245,406.00 245,406.00 245,406.00 242,586.00
      Intangible Assets 1,239.00 2,629.00 5,468.00 11,008.00
      Long-Term Investments 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 21,064.00 10,015.00 10,125.00 9,203.00
Liabilities 234,024.00 240,688.00 251,573.00 278,766.00
   Current Liabilities 222,423.00 226,879.00 232,954.00 258,053.00
      Payables and Expenses 27,000.00 53,573.00 57,151.00 67,385.00
            Account Payables 4,473.00 0 0 0
            Current Accrued Liabilities 22,527.00 53,573.00 57,151.00 67,385.00
      Short-Term Debt 0 2,661.00 2,979.00 7,299.00
      Other Current Liabilities 0 170,645.00 172,824.00 183,369.00
   Non-Current Liabilities 11,601.00 13,809.00 18,619.00 20,713.00
      Long-Term Debt 0 10,775.00 16,335.00 6,709.00
      Other Non-Current Liabilities 0 3,034.00 2,284.00 14,004.00
Equity 408,797.00 382,232.00 353,858.00 370,595.00
   Shareholders Equity 408,797.00 382,232.00 353,858.00 370,595.00
      Capital Stock 1,714.00 1,585.00 1,572.00 94.00
      Share Premium 801,367.00 774,587.00 768,390.00 704,796.00
      Retained Earnings -366,323.00 -393,335.00 -415,367.00 -335,776.00
      Treasury Shares 26,781.00 0 0 0
      Accumulated Other Comprehensive Income -1,180.00 -699.00 -831.00 -86.00
   Minority Interest 0 0 0 0
Investments 0 2,728.00 5,183.00 1,324.00
Debt 0 13,436.00 19,314.00 14,008.00
Common Shares Outstanding 165,446.25 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 417,006.00 417,214.00 433,028.00 391,678.00
Cost Of Revenue 90,731.00 91,576.00 103,595.00 102,537.00
Interest Income 14,793.00 0 0 0
Interest Expense 0 998.00 0.00 0.00
Non-Interest Expense 196,473.00 0 0 0
Gross Profit 326,275.00 325,638.00 329,433.00 289,141.00
Operating Expenses 307,592.00 312,591.00 412,371.00 350,157.00
   Selling, General and Administrative Expenses 196,473.00 224,765.00 406,092.00 282,695.00
   Research and Development Expenses 109,373.00 107,074.00 127,661.00 105,586.00
   Other Operating Expenses 0 -19,248.00 -121,382.00 -38,124.00
Operating Income 18,683.00 13,047.00 -82,938.00 -61,016.00
Net Non-Operating Income 0 11,864.00 5,273.00 9,077.00
EBT 33,716.00 24,911.00 -77,665.00 -51,939.00
Income Tax 6,704.00 2,879.00 1,926.00 828.00
Net Income Including Non-Controlling Interests 27,012.00 0 0 0
Net Income 26,504.00 22,032.00 -79,591.00 -52,767.00
EBIT 33,716.00 25,909.00 -77,665.00 -51,939.00
Deprecation and Amortization 1,746.00 9,285.00 12,253.00 6,769.00
EBITDA 35,462.00 35,194.00 -65,412.00 -45,170.00
EPS 0.00 0.00 -0.00 -0.00
Diluted EPS 0.00 0.00 -0.00 -0.00
Average Shares Outstanding Basic 163,929.00 163,238.00 161,478.00 159,884.00
Average Shares Outstanding Diluted 169,451.00 165,271.00 161,478.00 159,884.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 56,861.00 37,785.00 -37,071.00 15,954.00
   Operating Net Income 27,012.00 22,032.00 -79,591.00 -52,767.00
   Deprecation and Amortization 1,746.00 9,285.00 12,253.00 6,769.00
   Deferred Income Tax 0 717.00 406.00 -70.00
   Share Based Compensation 32,705.00 12,042.00 64,340.00 44,893.00
   Change in Working Capital -10,001.00 -7,721.00 -41,246.00 25,240.00
   Other Operating Activities 5,399.00 1,430.00 6,767.00 -8,111.00
Investing Cash Flow -222.00 531.00 830.00 -6,824.00
   Capital Expenditure -222.00 -108.00 -802.00 -445.00
   Net Purchase/Sale of PPE 0 -108.00 -802.00 -445.00
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 639.00 1,632.00 -6,379.00
   Other Investing Activities 0 108.00 802.00 445.00
Financing Cash Flow -32,177.00 -11,695.00 -10,588.00 203,058.00
   Net Issuance/Repayment of Debt 0 0 0 -94,565.00
   Net Issuance/Repurchase of Equity -26,405.00 759.00 18.00 303,114.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 -12,454.00 -10,606.00 -5,491.00
Net Change in Cash 24,462.00 53,223.00 -94,340.00 424,496.00
   Cash at Beginning of Period 301,436.00 248,213.00 369,174.00 -102,151.00
   Cash at End of Period 325,493.00 301,436.00 274,834.00 322,345.00
Free Cash Flow 56,639.00 37,677.00 -37,873.00 15,509.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-12-31 2023-03-31 2022-12-31 2022-03-31 2021-12-31
Assets 634,310.00 620,638.00 605,716.00 642,821.00 642,977.00 625,330.00 622,920.00 589,345.00 605,431.00 622,146.00 649,361.00
   Current Assets 365,665.00 350,364.00 336,901.00 374,656.00 373,842.00 353,547.00 351,468.00 312,678.00 324,326.00 342,364.00 370,162.00
      Cash and Short-Term Investments 320,648.00 302,956.00 289,028.00 325,276.00 324,781.00 304,277.00 301,372.00 268,366.00 274,497.00 291,100.00 321,900.00
            Cash and Cash Equivalents 320,648.00 302,956.00 289,028.00 325,276.00 324,781.00 304,277.00 301,372.00 268,366.00 274,497.00 291,100.00 321,900.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 21,576.00 24,439.00 23,734.00 24,648.00 25,611.00 24,402.00 26,605.00 28,149.00 31,434.00 34,638.00 29,451.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 23,441.00 22,969.00 24,139.00 24,732.00 23,450.00 24,868.00 23,491.00 16,163.00 18,395.00 16,626.00 18,811.00
   Non-Current Assets 268,645.00 270,274.00 268,815.00 268,165.00 269,135.00 271,783.00 271,452.00 276,667.00 281,105.00 279,782.00 279,199.00
      Property, Plant, Equipment Net 452.00 513.00 554.00 456.00 448.00 711.00 13,402.00 1,118.00 20,106.00 2,973.00 16,402.00
      Goodwill 245,406.00 245,406.00 245,406.00 245,406.00 245,406.00 245,406.00 245,406.00 245,406.00 245,406.00 245,048.00 242,586.00
      Intangible Assets 5,576.00 5,048.00 2,989.00 1,239.00 1,587.00 2,282.00 2,629.00 4,234.00 5,468.00 9,277.00 11,008.00
      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 17,211.00 19,307.00 19,866.00 21,064.00 21,694.00 23,384.00 10,015.00 25,909.00 10,125.00 22,484.00 9,203.00
Liabilities 241,015.00 229,546.00 223,182.00 234,024.00 233,566.00 232,536.00 240,688.00 239,052.00 251,573.00 264,098.00 278,766.00
   Current Liabilities 232,482.00 219,986.00 212,625.00 222,423.00 221,338.00 218,503.00 226,879.00 223,183.00 232,954.00 252,730.00 258,053.00
      Payables and Expenses 64,770.00 49,262.00 47,914.00 27,000.00 58,034.00 48,252.00 53,573.00 49,782.00 57,151.00 65,499.00 67,385.00
            Account Payables 3,855.00 3,215.00 2,783.00 4,473.00 4,760.00 0 0 0 0 0 0
            Current Accrued Liabilities 60,915.00 46,047.00 45,131.00 22,527.00 53,274.00 48,252.00 53,573.00 49,782.00 57,151.00 65,499.00 67,385.00
      Short-Term Debt 0 0 0 0 0 0 2,661.00 0 2,979.00 0 7,299.00
      Other Current Liabilities 167,712.00 170,724.00 164,711.00 195,423.00 163,304.00 170,251.00 170,645.00 173,401.00 172,824.00 187,231.00 183,369.00
   Non-Current Liabilities 8,533.00 9,560.00 10,557.00 11,601.00 12,228.00 14,033.00 13,809.00 15,869.00 18,619.00 11,368.00 20,713.00
      Long-Term Debt 0 0 0 0 0 0 10,775.00 0 16,335.00 0 6,709.00
      Other Non-Current Liabilities 8,533.00 9,560.00 10,557.00 11,601.00 12,228.00 0 3,034.00 0 2,284.00 0 14,004.00
Equity 393,295.00 391,092.00 382,534.00 408,797.00 409,411.00 392,794.00 382,232.00 350,293.00 353,858.00 358,048.00 370,595.00
   Shareholders Equity 393,295.00 391,092.00 382,534.00 408,797.00 409,411.00 392,794.00 382,232.00 350,293.00 353,858.00 358,048.00 370,595.00
      Capital Stock 1,769.00 1,752.00 1,738.00 1,714.00 1,703.00 1,594.00 1,585.00 94.00 1,572.00 1,569.00 94.00
      Share Premium 808,654.00 803,691.00 802,134.00 801,367.00 793,022.00 779,191.00 774,587.00 765,662.00 768,390.00 718,951.00 704,796.00
      Retained Earnings -366,290.00 -363,954.00 -370,239.00 -366,323.00 -367,859.00 -387,262.00 -393,335.00 -416,065.00 -415,367.00 -362,334.00 -335,776.00
      Treasury Shares 50,273.00 50,273.00 50,273.00 26,781.00 16,812.00 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -565.00 -124.00 -826.00 -1,180.00 -643.00 -823.00 -699.00 -959.00 -831.00 -232.00 -86.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 2,349.00 2,728.00 3,510.00 5,183.00 4,215.00 1,324.00
Debt 0 0 0 0 0 0 13,436.00 0 19,314.00 0 14,008.00
Common Shares Outstanding 167,083.25 165,383.25 163,976.25 165,446.25 165,941.25 0 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Revenues 105,756.00 104,650.00 103,034.00 103,156.00 104,564.00 104,910.00 103,582.00 108,354.00
Cost Of Revenue 23,414.00 23,147.00 24,054.00 22,902.00 21,708.00 23,443.00 23,672.00 26,756.00
Interest Income 3,108.00 2,873.00 3,028.00 3,535.00 3,827.00 0 0 0
Interest Expense 0 0 0 0 0 0.00 121.00 0.00
Non-Interest Expense 55,272.00 47,454.00 53,495.00 50,917.00 48,454.00 0 0 0
Gross Profit 82,342.00 81,503.00 78,980.00 80,254.00 82,856.00 81,467.00 79,910.00 81,598.00
Operating Expenses 86,933.00 77,779.00 85,072.00 78,986.00 75,491.00 78,878.00 82,715.00 107,853.00
   Selling, General and Administrative Expenses 55,272.00 47,454.00 53,495.00 50,917.00 48,454.00 64,283.00 32,275.00 85,961.00
   Research and Development Expenses 31,208.00 29,789.00 31,186.00 27,678.00 26,588.00 28,135.00 31,260.00 34,418.00
   Other Operating Expenses 0 0 0 0 0 -13,540.00 19,180.00 -12,526.00
Operating Income -4,591.00 3,724.00 -6,092.00 1,268.00 7,365.00 2,589.00 -2,805.00 -26,255.00
Net Non-Operating Income 0 0 0 0 0 3,816.00 2,523.00 220.00
EBT -1,436.00 6,237.00 -3,511.00 4,989.00 10,980.00 6,405.00 -282.00 -26,035.00
Income Tax 900.00 -48.00 405.00 3,453.00 1,698.00 332.00 416.00 523.00
Net Income Including Non-Controlling Interests -2,336.00 6,285.00 -3,916.00 1,536.00 9,282.00 0 0 0
Net Income -2,336.00 6,161.00 -3,916.00 1,522.00 9,100.00 6,073.00 -698.00 -26,558.00
EBIT -4,591.00 3,724.00 -6,092.00 4,989.00 10,980.00 6,405.00 -161.00 -26,035.00
Deprecation and Amortization 453.00 536.00 391.00 391.00 449.00 1,586.00 3,288.00 3,438.00
EBITDA -4,138.00 4,260.00 -5,701.00 5,380.00 11,429.00 7,991.00 3,127.00 -22,597.00
EPS -0.00 0.00 -0.00 0.00 0.00 0.00 0 -0.00
Diluted EPS -0.00 0.00 -0.00 0.00 0.00 0.00 0 -0.00
Average Shares Outstanding Basic 162,857.00 161,675.00 161,328.00 162,727.00 162,686.00 165,033.00 161,833.00 161,312.00
Average Shares Outstanding Diluted 162,857.00 165,011.00 161,328.00 171,835.00 168,350.00 168,996.00 161,833.00 161,312.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow 19,482.00 19,369.00 -2,095.00 10,804.00 20,769.00 5,590.00 -1,243.00 -26,753.00
   Operating Net Income -2,336.00 6,285.00 -3,916.00 1,536.00 9,282.00 6,073.00 -698.00 -26,558.00
   Deprecation and Amortization 453.00 536.00 391.00 391.00 449.00 1,586.00 3,288.00 3,438.00
   Deferred Income Tax 0 0 0 0 0 0 0 0
   Share Based Compensation 6,164.00 5,146.00 8,988.00 9,085.00 8,268.00 6,972.00 -1,109.00 14,193.00
   Change in Working Capital 14,409.00 6,462.00 -9,236.00 -1,889.00 1,376.00 -8,902.00 -2,615.00 -20,965.00
   Other Operating Activities 792.00 940.00 1,678.00 1,681.00 1,394.00 -139.00 -109.00 3,139.00
Investing Cash Flow -848.00 -2,449.00 -2,114.00 -49.00 -13.00 -160.00 553.00 1,117.00
   Capital Expenditure -848.00 -2,449.00 -2,114.00 -49.00 -13.00 -160.00 -86.00 -515.00
   Net Purchase/Sale of PPE 0 0 0 0 0 -160.00 -86.00 -515.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 639.00 1,632.00
   Other Investing Activities 0.00 0.00 0.00 0.00 0.00 160.00 86.00 515.00
Financing Cash Flow -875.00 -3,830.00 -32,105.00 -10,184.00 -6,585.00 -2,193.00 -5,192.00 -5,119.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 -23,791.00 -9,608.00 -5,302.00 12.00 79.00 18.00
   Dividends Paid 0 0 0 0 0 0 0 0
   Other Financing Activities -875.00 -3,830.00 -8,314.00 -576.00 -1,283.00 -2,205.00 -5,271.00 -5,137.00
Net Change in Cash 17,759.00 13,090.00 -36,314.00 571.00 14,171.00 6,333.00 -12,021.00 -61,635.00
   Cash at Beginning of Period 303,184.00 289,239.00 325,493.00 325,021.00 310,819.00 298,199.00 280,716.00 353,100.00
   Cash at End of Period 320,882.00 303,184.00 289,239.00 325,493.00 325,021.00 304,532.00 268,695.00 291,465.00
Free Cash Flow 18,634.00 16,920.00 -4,209.00 10,755.00 20,756.00 5,430.00 -1,329.00 -27,268.00