WING
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 76.40 | 108.72 | 77.75 | 120.84 |
| Price to Sales | 13.29 | 16.60 | 11.51 | 18.21 |
| Book Value Per Common Share | -23.57 | -15.59 | -13.06 | -10.37 |
| Price to Book | -12.06 | -16.46 | -10.54 | -16.66 |
| Price to Operating Cash Flow | 52.76 | 62.81 | 53.96 | 105.24 |
| Price to Free Cash Flow | 78.69 | 94.57 | 78.66 | 246.65 |
| Enterprise Value to EBITDA | 433362.94 | 598491.58 | 406070.97 | 630050.39 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 246.75 | 350.77 | 69.41 | 308.91 | 472.82 |
| Price to Sales | 39.96 | 53.92 | 37.42 | 51.09 | 74.93 |
| Book Value Per Common Share | -25.29 | -24.57 | -25.62 | -23.57 | -15.32 |
| Price to Book | -9.95 | -13.71 | -8.80 | -12.06 | -27.16 |
| Price to Operating Cash Flow | 109.93 | 1428.07 | 253.15 | 1068.02 | 176.39 |
| Price to Free Cash Flow | 113.89 | -1208.69 | 370.71 | -960.14 | 221.73 |
| Enterprise Value to EBITDA | 1270016.06 | 1827486.43 | 455036.95 | 1662552.78 | 2661287.54 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | 57.63 | 33.33 | 23.78 | |
| Revenue YoY | 36.03 | 28.68 | 26.56 | |
| EBITDA YoY | 49.45 | 23.98 | 23.96 | |
| Net Profit YoY | 54.92 | 32.54 | 24.12 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 6.25 | -70.46 | 253.26 | 4.55 | |
| Revenue YoY | 0.81 | 1.89 | 5.73 | -0.42 | |
| EBITDA YoY | 7.02 | -62.80 | 182.32 | 7.28 | |
| Net Profit YoY | 6.41 | -70.99 | 244.88 | 3.97 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 10.80 | 3.03 | 6.17 | 1.63 |
| Quick Ratio | 3.84 | 1.45 | 3.11 | 1.43 |
| Current Ratio | 4.52 | 2.03 | 3.63 | 1.77 |
| Debt to Equity | -2.06 | -1.83 | -2.09 | -1.81 |
| Long-Term Debt to Equity | -1.93 | -1.67 | -1.93 | -1.68 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 8.52 | 8.17 | 8.86 | 10.86 | 2.87 |
| Quick Ratio | 3.25 | 3.58 | 2.97 | 3.84 | 0.85 |
| Current Ratio | 4.05 | 4.37 | 3.56 | 4.52 | 1.40 |
| Debt to Equity | -2.03 | -2.03 | -1.97 | -2.06 | -2.08 |
| Long-Term Debt to Equity | -1.91 | -1.93 | -1.85 | -1.93 | -1.82 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 15.18 | 18.57 | 12.48 | 17.12 |
| ROE | -16.09 | -15.34 | -13.55 | -13.78 |
| Gross Margin | 48.08 | 48.43 | 47.85 | 49.95 |
| Operating Margin | 26.92 | 24.46 | 25.33 | 26.16 |
| EBITDA Margin | 30.04 | 27.34 | 28.37 | 28.97 |
| Net Profit Margin | 17.37 | 15.25 | 14.81 | 15.10 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 3.95 | 3.78 | 13.24 | 3.74 | 5.31 |
| ROE | -4.05 | -3.90 | -12.90 | -3.96 | -5.75 |
| Gross Margin | 48.85 | 48.41 | 48.20 | 48.14 | 47.49 |
| Operating Margin | 27.79 | 25.95 | 77.21 | 26.65 | 25.00 |
| EBITDA Margin | 31.33 | 29.52 | 80.85 | 30.28 | 28.11 |
| Net Profit Margin | 16.21 | 15.35 | 53.93 | 16.53 | 15.84 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 26.55 | 35.49 | 266.83 | 46.47 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 29.43 | 28.36 | 8.72 | 29.48 | 30.72 |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 716,246.00 | 377,825.00 | 424,190.00 | 249,203.00 |
| Current Assets | 395,618.00 | 144,344.00 | 226,672.00 | 70,149.00 |
| Cash and Short-Term Investments | 315,910.00 | 90,216.00 | 184,496.00 | 48,583.00 |
| Cash and Cash Equivalents | 315,910.00 | 90,216.00 | 184,496.00 | 48,583.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 19,661.00 | 12,408.00 | 9,461.00 | 8,110.00 |
| Inventory | 0 | 535.00 | 389.00 | 484.00 |
| Other Current Assets | 0 | 41,185.00 | 32,326.00 | 12,972.00 |
| Non-Current Assets | 320,628.00 | 233,481.00 | 197,518.00 | 179,054.00 |
| Property, Plant, Equipment Net | 174,999.00 | 110,384.00 | 66,851.00 | 54,503.00 |
| Goodwill | 74,718.00 | 67,708.00 | 62,514.00 | 56,877.00 |
| Intangible Assets | 39,176.00 | 40,440.00 | 41,715.00 | 43,002.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 31,735.00 | 14,949.00 | 26,438.00 | 24,672.00 |
| Liabilities | 1,391,832.00 | 835,191.00 | 815,051.00 | 558,728.00 |
| Current Liabilities | 87,443.00 | 71,004.00 | 62,412.00 | 39,681.00 |
| Payables and Expenses | 47,762.00 | 38,450.00 | 31,621.00 | 26,035.00 |
| Account Payables | 6,943.00 | 4,725.00 | 5,219.00 | 5,414.00 |
| Current Accrued Liabilities | 40,819.00 | 33,725.00 | 20,001.00 | 18,813.00 |
| Short-Term Debt | 1,059.00 | 2,380.00 | 9,583.00 | 2,443.00 |
| Other Current Liabilities | 38,622.00 | 30,174.00 | 21,208.00 | 11,203.00 |
| Non-Current Liabilities | 1,304,389.00 | 764,187.00 | 752,639.00 | 519,047.00 |
| Long-Term Debt | 1,264,370.00 | 730,134.00 | 706,846.00 | 469,394.00 |
| Other Non-Current Liabilities | 40,019.00 | 34,053.00 | 45,793.00 | 49,653.00 |
| Equity | -675,586.00 | -457,366.00 | -390,861.00 | -309,525.00 |
| Shareholders Equity | -675,586.00 | -457,366.00 | -390,861.00 | -309,525.00 |
| Capital Stock | 287.00 | 293.00 | 300.00 | 299.00 |
| Share Premium | 1,568.00 | 2,676.00 | 2,797.00 | 463.00 |
| Retained Earnings | -676,940.00 | -459,994.00 | -393,321.00 | -310,031.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -501.00 | -341.00 | -637.00 | -256.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 1,265,429.00 | 732,514.00 | 716,429.00 | 471,837.00 |
| Net Debt | 890,291.00 | 622,111.00 | 529,650.00 | 420,811.00 |
| Common Shares Outstanding | 28,662.61 | 29,337.92 | 29,932.67 | 29,837.45 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 625,807.00 | 460,055.00 | 357,521.00 | 282,502.00 |
| Cost Of Revenue | 324,938.00 | 237,229.00 | 186,464.00 | 141,405.00 |
| Interest Expense | 21,292.00 | 18,227.00 | 21,230.00 | 14,984.00 |
| Non-Interest Expense | 116,801.00 | 96,898.00 | 67,061.00 | 62,895.00 |
| Gross Profit | 300,869.00 | 222,826.00 | 171,057.00 | 141,097.00 |
| Operating Expenses | 136,291.00 | 110,137.00 | 77,960.00 | 70,838.00 |
| Selling, General and Administrative Expenses | 116,801.00 | 96,898.00 | 67,061.00 | 62,895.00 |
| Operating Income | 164,578.00 | 112,689.00 | 93,097.00 | 70,259.00 |
| Net Non-Operating Income | 2,866.00 | -57.00 | -573.00 | 135.00 |
| EBT | 147,190.00 | 94,310.00 | 69,316.00 | 58,907.00 |
| Income Tax | 38,473.00 | 24,135.00 | 16,369.00 | 16,249.00 |
| Net Income Including Non-Controlling Interests | 108,717.00 | 70,175.00 | 52,947.00 | 42,658.00 |
| Net Income | 108,717.00 | 70,175.00 | 52,947.00 | 42,658.00 |
| EBIT | 168,482.00 | 112,537.00 | 90,546.00 | 73,891.00 |
| Deprecation and Amortization | 19,490.00 | 13,239.00 | 10,899.00 | 7,943.00 |
| EBITDA | 187,972.00 | 125,776.00 | 101,445.00 | 81,834.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 29,262.00 | 29,769.00 | 29,893.00 | 29,769.00 |
| Average Shares Outstanding Diluted | 29,384.00 | 29,856.00 | 29,963.00 | 29,944.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 157,610.00 | 121,601.00 | 76,238.00 | 48,878.00 |
| Operating Net Income | 108,717.00 | 70,175.00 | 52,947.00 | 42,658.00 |
| Deprecation and Amortization | 19,490.00 | 13,239.00 | 10,899.00 | 7,943.00 |
| Deferred Income Tax | -1,809.00 | -1,551.00 | -3,252.00 | 2,953.00 |
| Share Based Compensation | 22,060.00 | 15,558.00 | 4,200.00 | 9,631.00 |
| Change in Working Capital | 8,040.00 | 22,042.00 | 7,527.00 | -12,211.00 |
| Other Operating Activities | 1,112.00 | 2,138.00 | 3,917.00 | -2,096.00 |
| Investing Cash Flow | -62,477.00 | -52,153.00 | -28,683.00 | -29,853.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -51,929.00 | -40,833.00 | -23,940.00 | -28,021.00 |
| Net Purchase/Sale of Investments Net | -500.00 | -808.00 | -997.00 | -4,163.00 |
| Net Purchase/Sale of Business | -14,048.00 | -10,832.00 | -7,809.00 | -4,876.00 |
| Other Investing Activities | 4,000.00 | 320.00 | 4,063.00 | 7,207.00 |
| Financing Cash Flow | 144,765.00 | -155,487.00 | 103,254.00 | -23,389.00 |
| Net Issuance/Repayment of Debt | 500,000.00 | -3,650.00 | 246,975.00 | -2,400.00 |
| Net Issuance/Repurchase of Equity | -314,664.00 | -125,401.00 | 0 | 0 |
| Dividends Paid | -28,869.00 | -24,907.00 | -141,279.00 | -19,822.00 |
| Other Financing Activities | -11,702.00 | -1,529.00 | -2,442.00 | -1,167.00 |
| Net Change in Cash | 239,898.00 | -86,039.00 | 150,809.00 | -4,364.00 |
| Cash at Beginning of Period | 119,676.00 | 205,715.00 | 54,906.00 | 59,270.00 |
| Cash at End of Period | 359,574.00 | 119,676.00 | 205,715.00 | 54,906.00 |
| Free Cash Flow | 105,681.00 | 80,768.00 | 52,298.00 | 20,857.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 721,033.00 | 708,288.00 | 696,804.00 | 716,246.00 | 484,762.00 |
| Current Assets | 320,204.00 | 312,840.00 | 324,256.00 | 395,618.00 | 166,237.00 |
| Cash and Short-Term Investments | 237,640.00 | 227,943.00 | 251,382.00 | 315,910.00 | 83,958.00 |
| Cash and Cash Equivalents | 237,640.00 | 227,943.00 | 251,382.00 | 315,910.00 | 83,958.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 19,420.00 | 28,390.00 | 18,452.00 | 19,661.00 | 16,939.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 63,144.00 | 56,507.00 | 54,422.00 | 60,047.00 | 65,340.00 |
| Non-Current Assets | 400,829.00 | 395,448.00 | 372,548.00 | 320,628.00 | 318,525.00 |
| Property, Plant, Equipment Net | 165,503.00 | 159,531.00 | 155,433.00 | 174,999.00 | 176,872.00 |
| Goodwill | 79,211.00 | 79,211.00 | 74,718.00 | 74,718.00 | 74,749.00 |
| Intangible Assets | 32,700.00 | 32,700.00 | 32,700.00 | 39,176.00 | 39,492.00 |
| Long-Term Investments | 83,764.00 | 83,190.00 | 76,116.00 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 39,651.00 | 40,816.00 | 33,581.00 | 0 | 0 |
| Liabilities | 1,423,649.00 | 1,394,286.00 | 1,411,786.00 | 1,391,832.00 | 932,228.00 |
| Current Liabilities | 78,977.00 | 71,586.00 | 91,006.00 | 87,443.00 | 118,891.00 |
| Payables and Expenses | 10,997.00 | 3,300.00 | 7,904.00 | 47,762.00 | 10,301.00 |
| Account Payables | 10,997.00 | 3,300.00 | 7,904.00 | 6,943.00 | 10,301.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 40,819.00 | 0 |
| Short-Term Debt | 2,955.00 | 2,956.00 | 2,988.00 | 1,059.00 | 3,533.00 |
| Other Current Liabilities | 65,025.00 | 65,330.00 | 80,114.00 | 38,622.00 | 105,057.00 |
| Non-Current Liabilities | 1,344,672.00 | 1,322,700.00 | 1,320,780.00 | 1,304,389.00 | 813,337.00 |
| Long-Term Debt | 1,266,676.00 | 1,266,108.00 | 1,264,808.00 | 1,264,370.00 | 774,143.00 |
| Other Non-Current Liabilities | 77,996.00 | 56,592.00 | 55,972.00 | 40,019.00 | 39,194.00 |
| Equity | -702,616.00 | -685,998.00 | -714,982.00 | -675,586.00 | -447,466.00 |
| Shareholders Equity | -702,616.00 | -685,998.00 | -714,982.00 | -675,586.00 | -447,466.00 |
| Capital Stock | 278.00 | 279.00 | 279.00 | 287.00 | 292.00 |
| Share Premium | 1,066.00 | 3,791.00 | 1,291.00 | 1,568.00 | 1,515.00 |
| Retained Earnings | -709,681.00 | -697,557.00 | -719,310.00 | -676,940.00 | -449,336.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 5,721.00 | 7,489.00 | 2,758.00 | -501.00 | 63.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 1,269,631.00 | 1,269,064.00 | 1,267,796.00 | 1,265,429.00 | 777,676.00 |
| Net Debt | 970,718.00 | 979,688.00 | 955,529.00 | 890,291.00 | 629,771.00 |
| Common Shares Outstanding | 27,786.74 | 27,923.75 | 27,902.89 | 28,662.61 | 29,212.08 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 175,736.00 | 174,329.00 | 171,094.00 | 161,821.00 | 162,498.00 |
| Cost Of Revenue | 89,883.00 | 89,938.00 | 88,630.00 | 83,922.00 | 85,332.00 |
| Interest Expense | 9,201.00 | 8,469.00 | 8,910.00 | 6,418.00 | 5,130.00 |
| Non-Interest Expense | 30,659.00 | 32,937.00 | 31,440.00 | 31,232.00 | 32,294.00 |
| Gross Profit | 85,853.00 | 84,391.00 | 82,464.00 | 77,899.00 | 77,166.00 |
| Operating Expenses | 36,892.00 | 39,157.00 | 37,668.00 | 37,097.00 | 37,348.00 |
| Selling, General and Administrative Expenses | 30,659.00 | 32,937.00 | 31,440.00 | 31,232.00 | 32,294.00 |
| Operating Income | 48,961.00 | 45,234.00 | 44,796.00 | 40,802.00 | 39,818.00 |
| Net Non-Operating Income | 0 | 0 | 0 | 1,292.00 | 800.00 |
| EBT | 39,632.00 | 36,765.00 | 123,190.00 | 36,714.00 | 35,488.00 |
| Income Tax | 11,154.00 | 10,002.00 | 30,925.00 | 9,961.00 | 9,756.00 |
| Net Income Including Non-Controlling Interests | 28,478.00 | 26,763.00 | 92,265.00 | 26,753.00 | 25,732.00 |
| Net Income | 28,478.00 | 26,763.00 | 92,265.00 | 26,753.00 | 25,732.00 |
| EBIT | 48,833.00 | 45,234.00 | 132,100.00 | 43,132.00 | 40,618.00 |
| Deprecation and Amortization | 6,233.00 | 6,220.00 | 6,228.00 | 5,865.00 | 5,054.00 |
| EBITDA | 55,066.00 | 51,454.00 | 138,328.00 | 48,997.00 | 45,672.00 |
| 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 | 27,899.00 | 27,912.00 | 28,385.00 | 29,091.00 | 29,265.00 |
| Average Shares Outstanding Diluted | 27,991.00 | 27,997.00 | 28,509.00 | 29,210.00 | 29,383.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 63,874.00 | 6,582.00 | 25,294.00 | 7,742.00 | 69,031.00 |
| Operating Net Income | 28,478.00 | 26,763.00 | 92,265.00 | 26,753.00 | 25,732.00 |
| Deprecation and Amortization | 6,233.00 | 6,220.00 | 6,228.00 | 5,865.00 | 5,054.00 |
| Deferred Income Tax | 17,385.00 | -630.00 | 13,320.00 | -185.00 | -2,529.00 |
| Share Based Compensation | 6,072.00 | 6,217.00 | 5,312.00 | 6,049.00 | 7,273.00 |
| Change in Working Capital | 4,920.00 | -32,767.00 | -6,650.00 | -30,291.00 | 32,977.00 |
| Other Operating Activities | 786.00 | 779.00 | -85,181.00 | -449.00 | 524.00 |
| Investing Cash Flow | -2,220.00 | -23,580.00 | 40,495.00 | -12,354.00 | -24,872.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -2,220.00 | -14,359.00 | -8,022.00 | -16,354.00 | -14,116.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 31,187.00 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | -10,756.00 |
| Other Investing Activities | 0.00 | 0 | 0 | 4,000.00 | 0.00 |
| Financing Cash Flow | -48,247.00 | -8,737.00 | -140,415.00 | 233,050.00 | -43,124.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 500,000.00 | 0 |
| Net Issuance/Repurchase of Equity | -39,974.00 | 0 | -120,772.00 | -250,454.00 | -34,990.00 |
| Dividends Paid | -8,381.00 | -7,590.00 | -8,046.00 | -7,888.00 | -7,904.00 |
| Other Financing Activities | 0 | 0 | 0 | -8,608.00 | -230.00 |
| Net Change in Cash | 13,407.00 | -25,735.00 | -74,626.00 | 228,438.00 | 1,035.00 |
| Cash at Beginning of Period | 259,213.00 | 284,948.00 | 359,574.00 | 131,136.00 | 130,101.00 |
| Cash at End of Period | 272,620.00 | 259,213.00 | 284,948.00 | 359,574.00 | 131,136.00 |
| Free Cash Flow | 61,654.00 | -7,777.00 | 17,272.00 | -8,612.00 | 54,915.00 |