Valuation Ratios

Breakdown 2024-12-31
Price to Earnings -11.22
Price to Sales 1.20
Book Value Per Common Share 11.45
Price to Book 1.19
Price to Operating Cash Flow -68.55
Price to Free Cash Flow
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Price to Earnings -64.70 -43.24 -45.12 -26.00 -35.67
Price to Sales 2.40 1.75 3.05 1.33 3.87
Book Value Per Common Share 11.38 11.57 11.27 11.45 12.58 11.94
Price to Book 1.71 0.78 0.68 1.19 0.91 1.91
Price to Operating Cash Flow 705.82 -91.16 -53.30 50.02 111.97
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Earning YoY
Revenue YoY 56.09 106.93 -67.29 53.71
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31
Cash Per Common Share 7.86
Quick Ratio 3.60
Current Ratio 3.74
Debt to Equity 0.13
Long-Term Debt to Equity 0.02
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Cash Per Common Share 4.49 4.47 4.24 7.29 5.05 5.21
Quick Ratio 2.44 2.44 2.50 3.60 2.37 2.34
Current Ratio 2.52 2.54 2.63 3.74 2.49 2.41
Debt to Equity 0.26 0.26 0.25 0.13 0.24 0.26
Long-Term Debt to Equity 0.04 0.05 0.05 0.02 0.04 0.05

Profitability

Breakdown 2024-12-31
ROA -4.21
ROE -4.75
Gross Margin -59.37
Operating Margin -32.56
EBITDA Margin -29.57
Net Profit Margin -10.67
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
ROA -1.94 -1.33 -1.16 -2.40 -3.48
ROE -2.44 -1.67 -1.44 -2.98 -4.39
Gross Margin -62.11 -61.24 -64.66 18.98 19.29
Operating Margin -3.28 -3.58 -5.96 -5.19 -9.53
EBITDA Margin -0.93 -1.08 -3.37 -2.38 -6.76
Net Profit Margin -3.65 -3.96 -6.87 -5.12 -10.91

Dividends

Breakdown 2024-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31
Assets 3,422,194.00
   Current Assets 1,227,918.00
      Cash and Short-Term Investments 937,329.00
            Cash and Cash Equivalents 937,329.00
            Short-Term Investments 0
      Net Receivables 244,565.00
      Inventory 0
      Other Current Assets 46,024.00
   Non-Current Assets 2,194,276.00
      Property, Plant, Equipment Net 21,681.00
      Goodwill 665,275.00
      Intangible Assets 181,022.00
      Long-Term Investments 78,668.00
      Non-Current Deferred Assets 17,592.00
      Other Non-Current Assets 1,230,038.00
Liabilities 393,606.00
   Current Liabilities 327,957.00
      Payables and Expenses 242,658.00
            Account Payables 157,507.00
            Current Accrued Liabilities 85,151.00
      Short-Term Debt 10,859.00
      Other Current Liabilities 74,440.00
   Non-Current Liabilities 65,649.00
      Long-Term Debt 20,706.00
      Other Non-Current Liabilities 44,943.00
Equity 3,028,588.00
   Shareholders Equity 1,472,127.00
      Capital Stock 13.00
      Share Premium 2,103,931.00
      Retained Earnings -507,197.00
      Treasury Shares 0
      Accumulated Other Comprehensive Income -124,620.00
   Minority Interest 47,754.00
Investments 243,514.00
Debt 31,565.00
Common Shares Outstanding 128,587.94
Breakdown 2024-12-31
Revenues 1,348,478.00
Cost Of Revenue 2,149,055.00
Gross Profit -800,577.00
Operating Expenses -556,549.00
   Selling, General and Administrative Expenses 728,456.00
   Other Operating Expenses -1,285,005.00
Operating Income -244,028.00
Net Non-Operating Income -195,048.00
Interest Expense 45.00
EBT -439,076.00
Income Tax 10,653.00
Equity Method Investments Income -17,302.00
Net Income Including Non-Controlling Interests -134,898.00
Net Income Non-Controlling Interests -9,007.00
Net Income -143,905.00
EBIT -439,031.00
Deprecation and Amortization 40,303.00
EBITDA -398,728.00
EPS -0.00
Diluted EPS -0.00
Average Shares Outstanding Basic 119,232.00
Average Shares Outstanding Diluted 119,232.00
Breakdown 2024-12-31
Operating Cash Flow -23,617.00
   Operating Net Income -449,729.00
   Deprecation and Amortization 40,303.00
   Deferred Income Tax -45,625.00
   Share Based Compensation 169,272.00
   Change in Working Capital 90,746.00
   Other Operating Activities 171,416.00
Investing Cash Flow -16,141.00
   Capital Expenditure 0.00
   Net Purchase/Sale of PPE 19,811.00
   Net Purchase/Sale of Investments Net -470.00
   Net Purchase/Sale of Business 14,691.00
   Other Investing Activities -50,173.00
Financing Cash Flow 713,195.00
   Net Issuance/Repayment of Debt 3,612.00
   Net Issuance/Repurchase of Equity 740,964.00
   Dividends Paid 0
   Other Financing Activities -31,381.00
Net Change in Cash 659,618.00
   Cash at Beginning of Period -87,216.00
   Cash at End of Period 572,402.00
Free Cash Flow 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Assets 1,977,871.00 2,009,759.00 1,936,910.00 3,422,194.00 2,125,742.00 2,029,217.00
   Current Assets 842,414.00 862,018.00 820,250.00 1,227,918.00 881,405.00 826,390.00
      Cash and Short-Term Investments 584,575.00 581,546.00 550,136.00 937,329.00 585,516.00 572,305.00
            Cash and Cash Equivalents 584,575.00 581,546.00 550,136.00 937,329.00 585,516.00 572,305.00
            Short-Term Investments 0 0 0 0 0 0
      Net Receivables 232,547.00 247,672.00 230,569.00 244,565.00 254,342.00 228,031.00
      Inventory 0 0 0 0 0 0
      Other Current Assets 25,292.00 32,800.00 39,545.00 46,024.00 41,547.00 26,054.00
   Non-Current Assets 1,135,457.00 1,147,741.00 1,116,660.00 2,194,276.00 1,244,337.00 1,202,827.00
      Property, Plant, Equipment Net 46,595.00 43,563.00 42,799.00 21,681.00 37,651.00 17,268.00
      Goodwill 678,118.00 685,690.00 669,254.00 665,275.00 759,672.00 741,307.00
      Intangible Assets 168,085.00 175,989.00 177,575.00 181,022.00 197,663.00 194,351.00
      Long-Term Investments 83,128.00 84,271.00 78,958.00 78,668.00 83,824.00 78,618.00
      Non-Current Deferred Assets 22,725.00 21,483.00 17,390.00 17,592.00 14,888.00 24,108.00
      Other Non-Current Assets 136,806.00 136,745.00 130,684.00 1,230,038.00 150,639.00 147,175.00
Liabilities 402,935.00 411,802.00 384,358.00 393,606.00 415,033.00 418,342.00
   Current Liabilities 334,260.00 339,848.00 312,247.00 327,957.00 353,953.00 342,199.00
      Payables and Expenses 246,468.00 236,087.00 228,358.00 242,658.00 235,704.00 229,424.00
            Account Payables 163,582.00 159,581.00 154,531.00 157,507.00 132,229.00 141,855.00
            Current Accrued Liabilities 82,886.00 76,506.00 73,827.00 85,151.00 103,475.00 87,569.00
      Short-Term Debt 14,923.00 14,033.00 12,467.00 10,859.00 9,230.00 6,764.00
      Other Current Liabilities 72,869.00 89,728.00 71,422.00 74,440.00 109,019.00 106,011.00
   Non-Current Liabilities 68,675.00 71,954.00 72,111.00 65,649.00 61,080.00 76,143.00
      Long-Term Debt 23,467.00 26,439.00 27,983.00 20,706.00 20,133.00 2,870.00
      Other Non-Current Liabilities 45,208.00 45,515.00 44,128.00 44,943.00 40,947.00 73,273.00
Equity 1,574,936.00 1,597,957.00 1,552,552.00 3,028,588.00 1,710,709.00 1,610,875.00
   Shareholders Equity 1,487,725.00 1,510,725.00 1,467,547.00 1,472,127.00 1,614,714.00 1,515,346.00
      Capital Stock 13.00 13.00 13.00 13.00 13.00 13.00
      Share Premium 2,131,518.00 2,122,726.00 2,115,350.00 2,103,931.00 2,093,511.00 2,053,326.00
      Retained Earnings -545,559.00 -533,912.00 -529,586.00 -507,197.00 -414,232.00 -433,985.00
      Treasury Shares 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -98,247.00 -78,102.00 -118,230.00 -124,620.00 -64,578.00 -104,008.00
   Minority Interest 49,579.00 49,555.00 48,221.00 47,754.00 54,146.00 53,823.00
Investments 158,641.00 160,536.00 152,082.00 243,514.00 83,824.00 78,618.00
Debt 38,390.00 40,472.00 40,450.00 31,565.00 29,363.00 9,634.00
Common Shares Outstanding 130,727.75 130,592.68 130,172.28 128,587.94 128,313.14 126,886.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30
Revenues 1,052,019.00 673,978.00 325,707.00 995,631.00 647,716.00
Cost Of Revenue 1,705,447.00 1,086,706.00 536,323.00 806,614.00 522,762.00
Gross Profit -653,428.00 -412,728.00 -210,616.00 189,017.00 124,954.00
Operating Expenses -603,153.00 -377,331.00 -183,982.00 262,010.00 189,862.00
   Selling, General and Administrative Expenses 411,283.00 270,836.00 136,701.00 353,456.00 244,705.00
   Other Operating Expenses -1,014,436.00 -648,167.00 -320,683.00 -91,446.00 -54,843.00
Operating Income -50,275.00 -35,397.00 -26,634.00 -72,993.00 -64,908.00
Net Non-Operating Income 15,714.00 11,260.00 7,212.00 21,320.00 3,148.00
Interest Income 0 0 0 9,834.00 3,322.00
Interest Expense 6.00 4.00 2.00 44.00 44.00
Net Interest 0 0 0 9,790.00 3,278.00
EBT -34,561.00 -24,137.00 -19,422.00 -51,673.00 -61,760.00
Income Tax 2,341.00 1,715.00 2,547.00 1,324.00 8,575.00
Equity Method Investments Income 1,647.00 -62.00 -569.00 -1,070.00 -932.00
Net Income Including Non-Controlling Interests -39,822.00 -27,578.00 -22,809.00 -51,531.00 -71,051.00
Net Income Non-Controlling Interests 1,460.00 863.00 420.00 591.00 358.00
Net Income -38,362.00 -26,715.00 -22,389.00 -50,940.00 -70,693.00
EBIT -34,555.00 -24,133.00 -19,420.00 -51,629.00 -61,716.00
Deprecation and Amortization 24,784.00 16,844.00 8,437.00 27,953.00 17,950.00
EBITDA -9,771.00 -7,289.00 -10,983.00 -23,676.00 -43,766.00
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 130,204.41 129,980.92 129,598.94 116,023.73 109,804.01
Average Shares Outstanding Diluted 130,204.41 129,980.92 129,598.94 116,023.73 109,804.01
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30
Operating Cash Flow 3,578.00 -12,951.00 -18,652.00 26,539.00 22,394.00
   Operating Net Income -36,902.00 -25,852.00 -21,969.00 -50,349.00 -70,335.00
   Deprecation and Amortization 24,784.00 16,844.00 8,437.00 27,953.00 17,950.00
   Deferred Income Tax -8,697.00 -5,005.00 -1,143.00 -23,698.00 -7,460.00
   Share Based Compensation 65,965.00 48,425.00 18,253.00 72,114.00 57,656.00
   Change in Working Capital -6,567.00 3,094.00 -3,241.00 79,087.00 59,970.00
   Other Operating Activities -35,005.00 -50,457.00 -18,989.00 -78,568.00 -35,387.00
Investing Cash Flow -5,029.00 5,711.00 -8,028.00 -11,230.00 -7,306.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 14,405.00 6,982.00 3,057.00 8,991.00 5,348.00
   Net Purchase/Sale of Investments Net -120.00 -1,366.00 -249.00 -318.00 -269.00
   Net Purchase/Sale of Business 148.00 148.00 0 11,394.00 11,365.00
   Other Investing Activities -19,462.00 -53.00 -10,836.00 -31,297.00 -23,750.00
Financing Cash Flow 1,407.00 229.00 82.00 353,668.00 336,053.00
   Net Issuance/Repayment of Debt 143.00 0 0 3,639.00 3,647.00
   Net Issuance/Repurchase of Equity 1,264.00 229.00 82.00 343,524.00 342,950.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0.00 0.00 0.00 6,505.00 -10,544.00
Net Change in Cash 12,173.00 9,144.00 -22,266.00 353,771.00 340,560.00
   Cash at Beginning of Period 572,402.00 572,402.00 572,402.00 231,745.00 231,745.00
   Cash at End of Period 584,575.00 581,546.00 550,136.00 585,516.00 572,305.00
Free Cash Flow 0 0 0 0 0