Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 27.71 -75.81 -100.72 -8.75
Price to Sales 0.84 1.15 1.55 1.40
Book Value Per Common Share 12.83 11.78 11.83 11.89
Price to Book 0.97 1.35 1.53 1.21
Price to Operating Cash Flow 8.44 12.57 24.67 71.57
Price to Free Cash Flow 55.25 107.28 -203.94 -17.68
Enterprise Value to EBITDA 40793.87 88849.54 122370.58 919286.53
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Price to Earnings 99.00 53.69 82.83 122.64 176.31 -998.50
Price to Sales 3.32 2.35 2.96 4.77 5.56 5.74
Book Value Per Common Share 12.40 12.43 12.28 12.83 12.63 12.43 11.71
Price to Book 0.96 0.69 0.81 0.97 1.36 1.84 1.71
Price to Operating Cash Flow 27.83 73.50
Price to Free Cash Flow 137.48 -2735.62
Enterprise Value to EBITDA 142556.43 94217.86 174333.63 215729.92 274811.14 376296.20

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY 13.22 18.24 54.94
EBITDA YoY 80.32 22.37 845.65
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
Earning YoY -25.00 33.33 7.69
Revenue YoY -2.69 8.15 -10.52 -9.97 22.47
EBITDA YoY -8.59 60.17 -33.96 -4.50 66.89
Net Profit YoY -22.44 29.07 -31.48 6.47

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 1.59 1.39 1.97 2.92
Quick Ratio 1.45 1.33 1.51 1.74
Current Ratio 1.99 1.74 1.98 2.31
Debt to Equity 0.56 0.55 0.51 0.43
Long-Term Debt to Equity 0.24 0.18 0.17 0.17
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Cash Per Common Share 1.72 1.79 1.54 1.57 1.41 1.17 1.48
Quick Ratio 1.49 1.52 1.47 1.45 1.40 1.33 1.29
Current Ratio 2.11 2.14 2.11 1.99 1.98 1.90 1.85
Debt to Equity 0.52 0.54 0.53 0.56 0.58 0.59 0.55
Long-Term Debt to Equity 0.21 0.23 0.23 0.24 0.24 0.25 0.19

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 2.22 -1.16 -1.04 -7.11
ROE 3.48 -1.80 -1.57 -10.16
Gross Margin 22.15 6.56 6.43 0.09
Operating Margin 11.21 1.65 1.67 -12.94
EBITDA Margin 20.76 13.03 12.59 2.06
Net Profit Margin 3.03 -1.54 -1.57 -15.97
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
ROA 0.61 0.77 0.61 0.69 0.66
ROE 0.92 1.18 0.93 1.10 1.05
Gross Margin 24.36 24.31 21.84 21.66 21.96 19.56
Operating Margin 13.55 15.33 6.19 12.56 12.19 4.83
EBITDA Margin 24.78 26.38 17.81 22.11 20.85 15.30
Net Profit Margin 3.39 4.26 3.57 3.85 3.25

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
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 2,333,541.00 2,013,007.00 1,937,152.00 1,854,638.00
   Current Assets 964,046.00 851,600.00 865,507.00 764,134.00
      Cash and Short-Term Investments 183,036.00 151,741.00 214,788.00 235,390.00
            Cash and Cash Equivalents 183,036.00 151,741.00 214,788.00 235,390.00
            Short-Term Investments 0 0 0 0
      Net Receivables 517,570.00 496,700.00 446,175.00 339,847.00
      Inventory 159,040.00 143,325.00 153,718.00 125,116.00
      Other Current Assets 104,400.00 59,834.00 50,826.00 63,781.00
   Non-Current Assets 1,369,495.00 1,161,407.00 1,071,645.00 1,090,504.00
      Property, Plant, Equipment Net 630,337.00 585,532.00 537,172.00 561,952.00
      Goodwill 348,918.00 247,687.00 220,980.00 179,903.00
      Intangible Assets 298,856.00 239,716.00 229,504.00 253,053.00
      Long-Term Investments 80,444.00 66,402.00 66,038.00 57,604.00
      Non-Current Deferred Assets 0 0 0 0
      Other Non-Current Assets 10,940.00 22,070.00 17,951.00 37,992.00
Liabilities 842,057.00 717,134.00 651,257.00 557,067.00
   Current Liabilities 484,430.00 488,851.00 437,709.00 331,206.00
      Payables and Expenses 340,298.00 371,209.00 309,855.00 236,151.00
            Account Payables 143,727.00 146,759.00 100,951.00 84,952.00
            Current Accrued Liabilities 52,436.00 179,366.00 171,753.00 128,200.00
      Short-Term Debt 19,487.00 19,498.00 20,104.00 20,842.00
      Other Current Liabilities 124,645.00 98,144.00 107,750.00 74,213.00
   Non-Current Liabilities 357,627.00 228,283.00 213,548.00 225,861.00
      Long-Term Debt 62,494.00 91,386.00 74,620.00 89,460.00
      Other Non-Current Liabilities 295,133.00 136,897.00 138,928.00 136,401.00
Equity 1,491,484.00 1,295,873.00 1,285,895.00 1,297,571.00
   Shareholders Equity 1,491,484.00 1,295,873.00 1,285,895.00 1,297,571.00
      Capital Stock 8,488.00 8,062.00 7,911.00 7,844.00
      Share Premium 2,079,161.00 1,909,323.00 1,847,078.00 1,827,782.00
      Retained Earnings -527,215.00 -579,133.00 -555,773.00 -535,628.00
      Treasury Shares -83,420.00 64,697.00 40,870.00 22,785.00
      Accumulated Other Comprehensive Income 14,470.00 22,318.00 27,549.00 20,358.00
   Minority Interest 0 0 0 0
Investments 80,444.00 0 0 0
Debt 203,046.00 110,884.00 94,724.00 110,302.00
Net Debt 20,010.00 0 0 0
Common Shares Outstanding 116,295.09 110,029.69 108,743.76 109,142.93
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 1,712,802.00 1,512,764.00 1,279,418.00 825,762.00
Cost Of Revenue 1,333,365.00 1,413,555.00 1,197,123.00 825,031.00
Interest Expense 12,517.00 3,943.00 241.00 8,795.00
Net Interest -12,517.00 0 0 0
Non-Interest Expense 0 64,254.00 58,387.00 73,880.00
Gross Profit 379,437.00 99,209.00 82,295.00 731.00
Operating Expenses 285,271.00 64,254.00 58,387.00 73,880.00
   Selling, General and Administrative Expenses 88,421.00 64,254.00 58,387.00 73,880.00
   Research and Development Expenses 17,200.00 0 0 0
   Other Operating Expenses 179,650.00 0 0 0
Operating Income 94,166.00 34,955.00 23,908.00 -73,149.00
Net Non-Operating Income 85,344.00 1,234.00 3,149.00 3,992.00
EBT 179,510.00 20,947.00 21,102.00 -115,624.00
Income Tax 46,048.00 44,307.00 41,247.00 16,267.00
Equity Method Investments Income 16,422.00 0 0 0
Net Income Including Non-Controlling Interests 0 -23,360.00 -20,145.00 -131,891.00
Net Income 51,918.00 -23,360.00 -20,145.00 -131,891.00
EBIT 192,027.00 24,890.00 21,343.00 -106,829.00
Deprecation and Amortization 163,468.00 172,260.00 139,767.00 123,866.00
EBITDA 355,495.00 197,150.00 161,110.00 17,037.00
EPS 0.00 -0.00 -0.00 -0.00
Diluted EPS 0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 114,762.48 109,161.45 109,072.76 80,525.69
Average Shares Outstanding Diluted 115,829.64 109,161.45 109,072.76 80,525.69
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 169,479.00 138,309.00 80,169.00 16,144.00
   Operating Net Income 51,918.00 -23,360.00 -20,145.00 -131,891.00
   Deprecation and Amortization 163,468.00 172,260.00 139,767.00 123,866.00
   Deferred Income Tax -5,765.00 -10,478.00 -1,326.00 -737.00
   Share Based Compensation 26,352.00 19,574.00 18,486.00 54,162.00
   Change in Working Capital -43,742.00 -15,942.00 -42,295.00 -9,333.00
   Other Operating Activities -22,752.00 -3,745.00 -14,318.00 -19,923.00
Investing Cash Flow -165,143.00 -148,232.00 -71,206.00 112,046.00
   Capital Expenditure -143,576.00 -122,110.00 -81,904.00 -81,511.00
   Net Purchase/Sale of PPE -140,676.00 0 0 0
   Net Purchase/Sale of Investments Net 0 572.00 11,386.00 0
   Net Purchase/Sale of Business -31,967.00 -28,707.00 0 189,739.00
   Other Investing Activities 151,076.00 2,013.00 -688.00 3,818.00
Financing Cash Flow 29,572.00 -49,339.00 -25,612.00 -7,176.00
   Net Issuance/Repayment of Debt 70,781.00 -17,222.00 -1,001.00 -1,170.00
   Net Issuance/Repurchase of Equity 14,155.00 -20,024.00 -12,996.00 0
   Dividends Paid 0 0 0 0
   Other Financing Activities -55,364.00 -12,093.00 -11,615.00 -6,006.00
Net Change in Cash 31,497.00 -59,262.00 -16,649.00 121,014.00
   Cash at Beginning of Period 153,166.00 218,460.00 239,847.00 120,709.00
   Cash at End of Period 184,663.00 153,166.00 218,460.00 239,847.00
Free Cash Flow 25,903.00 16,199.00 -9,702.00 -65,367.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Assets 2,305,180.00 2,338,222.00 2,293,086.00 2,333,541.00 2,343,620.00 2,316,579.00 2,000,254.00
   Current Assets 982,046.00 1,002,171.00 948,605.00 964,046.00 984,280.00 950,681.00 862,396.00
      Cash and Short-Term Investments 197,876.00 206,831.00 179,312.00 183,036.00 165,663.00 133,459.00 163,221.00
            Cash and Cash Equivalents 197,876.00 206,831.00 179,312.00 183,036.00 165,663.00 133,459.00 163,221.00
            Short-Term Investments 0 0 0 0 0 0 0
      Net Receivables 493,059.00 505,107.00 483,000.00 517,570.00 532,469.00 533,735.00 438,941.00
      Inventory 171,716.00 168,060.00 164,066.00 159,040.00 179,339.00 171,493.00 164,325.00
      Other Current Assets 119,395.00 122,173.00 122,227.00 104,400.00 106,809.00 111,994.00 95,909.00
   Non-Current Assets 1,323,134.00 1,336,051.00 1,344,481.00 1,369,495.00 1,359,340.00 1,365,898.00 1,137,858.00
      Property, Plant, Equipment Net 607,276.00 614,756.00 618,920.00 630,337.00 612,320.00 607,087.00 568,353.00
      Goodwill 348,558.00 348,558.00 343,957.00 348,918.00 343,885.00 342,576.00 247,687.00
      Intangible Assets 260,672.00 273,457.00 286,203.00 298,856.00 308,453.00 321,144.00 229,574.00
      Long-Term Investments 88,772.00 87,047.00 84,150.00 80,444.00 83,545.00 84,021.00 80,180.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0
      Other Non-Current Assets 17,856.00 12,233.00 11,251.00 10,940.00 11,137.00 11,070.00 12,064.00
Liabilities 788,083.00 818,234.00 793,341.00 842,057.00 860,291.00 857,385.00 706,144.00
   Current Liabilities 464,479.00 468,370.00 450,643.00 484,430.00 497,448.00 499,878.00 465,789.00
      Payables and Expenses 299,243.00 316,778.00 298,391.00 340,298.00 326,647.00 334,464.00 299,094.00
            Account Payables 113,075.00 130,244.00 110,988.00 143,727.00 133,077.00 135,386.00 146,192.00
            Current Accrued Liabilities 50,303.00 48,854.00 51,124.00 52,436.00 52,830.00 51,852.00 47,688.00
      Short-Term Debt 19,891.00 19,850.00 19,102.00 19,487.00 20,272.00 19,696.00 18,897.00
      Other Current Liabilities 145,345.00 131,742.00 133,150.00 124,645.00 150,529.00 145,718.00 147,798.00
   Non-Current Liabilities 323,604.00 349,864.00 342,698.00 357,627.00 362,843.00 357,507.00 240,355.00
      Long-Term Debt 70,911.00 72,508.00 62,467.00 62,494.00 74,568.00 69,393.00 66,073.00
      Other Non-Current Liabilities 252,693.00 277,356.00 280,231.00 295,133.00 288,275.00 288,114.00 174,282.00
Equity 1,517,097.00 1,519,988.00 1,499,745.00 1,491,484.00 1,483,329.00 1,459,194.00 1,294,110.00
   Shareholders Equity 1,517,097.00 1,519,988.00 1,499,745.00 1,491,484.00 1,483,329.00 1,459,194.00 1,294,110.00
      Capital Stock 8,556.00 8,556.00 8,546.00 8,488.00 8,486.00 8,481.00 8,102.00
      Share Premium 2,102,491.00 2,094,226.00 2,086,922.00 2,079,161.00 2,072,061.00 2,064,089.00 1,914,353.00
      Retained Earnings -481,301.00 -495,264.00 -513,267.00 -527,215.00 -550,249.00 -566,524.00 -581,810.00
      Treasury Shares -126,936.00 -101,878.00 -96,865.00 -83,420.00 -69,104.00 -69,048.00 -68,792.00
      Accumulated Other Comprehensive Income 14,287.00 14,348.00 14,409.00 14,470.00 22,135.00 22,196.00 22,257.00
   Minority Interest 0 0 0 0 0 0 0
Investments 88,772.00 87,047.00 84,150.00 80,444.00 83,545.00 84,021.00 80,180.00
Debt 189,867.00 213,423.00 202,634.00 203,046.00 215,905.00 210,154.00 124,970.00
Net Debt 0 6,592.00 23,322.00 20,010.00 50,242.00 76,695.00 0
Common Shares Outstanding 122,325.00 122,323.00 122,121.00 116,295.09 117,470.11 117,380.71 110,537.44
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Revenues 411,356.00 422,740.00 390,872.00 436,843.00 422,828.00 469,642.00 383,489.00
Cost Of Revenue 311,142.00 319,981.00 305,492.00 327,123.00 331,235.00 366,520.00 308,487.00
Gross Profit 100,214.00 102,759.00 85,380.00 109,720.00 91,593.00 103,122.00 75,002.00
Operating Expenses 73,761.00 70,193.00 75,057.00 77,788.00 65,476.00 75,425.00 66,582.00
   Selling, General and Administrative Expenses 20,491.00 14,499.00 21,814.00 22,516.00 20,467.00 26,225.00 19,213.00
   Research and Development Expenses 0 0 0 17,200.00 0 0 0
   Other Operating Expenses 53,270.00 55,694.00 53,243.00 38,072.00 45,009.00 49,200.00 47,369.00
Operating Income 26,453.00 32,566.00 10,323.00 31,932.00 26,117.00 27,697.00 8,420.00
Net Non-Operating Income 25,186.00 27,963.00 10,435.00 29,419.00 23,092.00 25,889.00 6,944.00
Interest Expense 4,106.00 4,279.00 3,451.00 1,804.00 3,895.00 3,666.00 3,152.00
Net Interest -4,106.00 -4,279.00 -3,451.00 -1,804.00 -3,895.00 -3,666.00 -3,152.00
EBT 51,639.00 60,529.00 20,758.00 61,351.00 49,209.00 53,586.00 15,364.00
Income Tax 14,805.00 13,959.00 1,716.00 9,375.00 10,450.00 13,935.00 12,288.00
Equity Method Investments Income 5,897.00 3,395.00 3,706.00 3,467.00 4,241.00 4,856.00 3,858.00
Net Income 13,963.00 18,003.00 13,948.00 20,357.00 16,275.00 15,286.00 0
EBIT 55,745.00 64,808.00 24,209.00 63,155.00 53,104.00 57,252.00 18,516.00
Deprecation and Amortization 46,195.00 46,716.00 45,421.00 42,284.00 40,391.00 40,647.00 40,146.00
EBITDA 101,940.00 111,524.00 69,630.00 105,439.00 93,495.00 97,899.00 58,662.00
EPS 0.00 0.00 0.00 0.00 0.00 0.00 -0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0.00 0
Average Shares Outstanding Basic 114,804.68 115,444.91 116,217.79 117,425.59 117,467.99 113,979.86 110,176.46
Average Shares Outstanding Diluted 115,447.11 115,508.92 116,929.08 230,101.17 118,293.68 114,923.70 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Operating Cash Flow 0 0 41,509.00 139,541.00 0 0 29,938.00
   Operating Net Income 13,963.00 18,003.00 13,948.00 23,034.00 16,275.00 15,286.00 -2,677.00
   Deprecation and Amortization 46,195.00 46,716.00 45,421.00 42,284.00 40,391.00 40,647.00 40,146.00
   Deferred Income Tax 0 0 -12,934.00 -4,694.00 0 0 -1,071.00
   Share Based Compensation 0 0 6,968.00 21,282.00 0 0 5,070.00
   Change in Working Capital 0 0 -6,028.00 -37,735.00 0 0 -6,007.00
   Other Operating Activities 0 0 -5,866.00 -17,229.00 0 0 -5,523.00
Investing Cash Flow 0 0 -33,112.00 -134,404.00 0 0 -30,739.00
   Capital Expenditure 0.00 0.00 -33,112.00 -112,837.00 0.00 0.00 -30,739.00
   Net Purchase/Sale of PPE 0 0 -33,112.00 -109,937.00 0 0 -30,739.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 -31,967.00 0 0 0
   Other Investing Activities 0 0 33,112.00 120,337.00 0 0 30,739.00
Financing Cash Flow 0 0 -15,104.00 14,681.00 0 0 14,891.00
   Net Issuance/Repayment of Debt 0 0 -342.00 50,118.00 0 0 20,663.00
   Net Issuance/Repurchase of Equity 0 0 10,020.00 14,155.00 0 0 0
   Dividends Paid 0 0 0 0 0 0 0
   Other Financing Activities 0 0 -24,782.00 -49,592.00 0 0 -5,772.00
Net Change in Cash 0 0 -4,489.00 20,129.00 0 0 11,368.00
   Cash at Beginning of Period 0 0 184,663.00 164,534.00 0 0 153,166.00
   Cash at End of Period 198,620.00 207,486.00 180,174.00 184,663.00 166,985.00 135,453.00 164,534.00
Free Cash Flow 0 0 8,397.00 26,704.00 0 0 -801.00