Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings 0.26 0.13 0.10 0.23
Price to Sales 0.07 0.06 0.03 0.05
Book Value Per Common Share 55.28 46.28 33.77 28.36
Price to Book 0.09 0.07 0.04 0.10
Price to Operating Cash Flow 0.29 0.13 0.06 1.53
Price to Free Cash Flow 0.29 0.13 0.06 1.62
Enterprise Value to EBITDA 4942.75 2077.91 1601.68 3405.03
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings 1.63 1.42 2.40 1.25 1.40
Price to Sales 0.33 0.30 0.38 0.29 0.33
Book Value Per Common Share 118.76 57.76 56.44 55.28 53.79
Price to Book 0.05 0.10 0.12 0.09 0.11
Price to Operating Cash Flow 1.23 1.24
Price to Free Cash Flow 1.23 1.24
Enterprise Value to EBITDA 24819.39 26579.38 38655.01 27995.98 27266.35

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY -22.40 72.07 11.92
Revenue YoY 18.59 42.54 -23.30
EBITDA YoY -36.06 71.85 6.83
Net Profit YoY -23.94 74.09 15.67
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY -11.81 44.37 -25.36 -5.51
Revenue YoY -5.96 7.71 7.05 -3.18
EBITDA YoY -45.50 24.07 3.95 -17.85
Net Profit YoY -11.16 44.46 -25.33 -6.75

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 49.31 71.35 60.04 35.99
Quick Ratio 4.39 4.41 4.94 3.92
Current Ratio 5.61 4.72 5.11 4.13
Debt to Equity 0.36 0.27 0.42 0.61
Long-Term Debt to Equity 0.14 0.03 0.17 0.28
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 44.38 47.41 46.80 49.47 46.75
Quick Ratio 3.19 3.62 4.77 4.39 4.10
Current Ratio 3.31 3.76 4.93 5.61 4.17
Debt to Equity 0.49 0.45 0.36 0.36 0.34
Long-Term Debt to Equity 0.19 0.19 0.17 0.14 0.11

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA 12.19 20.24 14.00 13.35
ROE 16.58 25.73 19.81 21.42
Gross Margin 84.79 80.06 77.38 83.01
Operating Margin 28.37 53.00 42.85 28.75
EBITDA Margin 28.86 53.52 44.39 31.87
Net Profit Margin 27.25 42.49 34.79 23.07
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA 2.06 2.47 1.86 2.55 2.85
ROE 3.07 3.58 2.54 3.47 3.83
Gross Margin 90.48 90.39 85.54 86.42 86.27
Operating Margin 13.20 22.78 19.78 20.37 24.01
EBITDA Margin 13.20 22.78 19.78 20.37 24.01
Net Profit Margin 20.17 21.35 15.92 22.82 23.70

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield 0.00
Dividend Payout Ratio 7.73
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 12,982,696.00 10,276,916.00 8,536,095.00 7,739,440.00
   Current Assets 11,741,155.00 9,092,320.00 7,678,110.00 6,417,896.00
      Cash and Short-Term Investments 4,271,900.00 6,305,470.00 5,244,637.00 3,041,903.00
            Cash and Cash Equivalents 3,841,284.00 5,791,333.00 4,271,899.00 2,864,543.00
            Short-Term Investments 430,616.00 514,137.00 972,738.00 177,360.00
      Net Receivables 4,918,354.00 2,174,345.00 2,176,816.00 3,045,723.00
      Inventory 0 0 0 0
      Other Current Assets 2,550,901.00 612,505.00 256,657.00 330,270.00
   Non-Current Assets 1,241,541.00 1,184,596.00 857,985.00 1,321,544.00
      Property, Plant, Equipment Net 84,589.00 69,550.00 82,675.00 183,300.00
      Goodwill 4,778.00 4,778.00 4,778.00 0
      Intangible Assets 33,784.00 32,990.00 28,490.00 0
      Long-Term Investments 15,826.00 10,420.00 2,700.00 2,200.00
      Non-Current Deferred Assets 77,757.00 73,446.00 84,974.00 17,347.00
      Other Non-Current Assets 1,024,807.00 993,412.00 654,368.00 0
Liabilities 3,440,266.00 2,191,367.00 2,505,282.00 2,918,008.00
   Current Liabilities 2,094,660.00 1,924,773.00 1,503,711.00 1,552,979.00
      Payables and Expenses 2,085,181.00 1,870,729.00 1,438,172.00 1,540,600.00
            Account Payables 43,167.00 30,902.00 14,144.00 19,065.00
            Current Accrued Liabilities 382,221.00 302,805.00 485,601.00 662,130.00
      Short-Term Debt 0 0 0 0
      Other Current Liabilities 9,479.00 54,044.00 65,539.00 12,379.00
   Non-Current Liabilities 1,345,606.00 266,594.00 1,001,571.00 1,365,029.00
      Long-Term Debt 40,765.00 23,648.00 803,129.00 1,100,701.00
      Other Non-Current Liabilities 1,304,841.00 242,946.00 198,442.00 264,328.00
Equity 9,542,430.00 8,085,549.00 6,030,813.00 4,821,432.00
   Shareholders Equity 9,542,430.00 8,085,549.00 6,030,813.00 4,821,432.00
      Capital Stock 132.00 130.00 129.00 123.00
      Share Premium 5,198,457.00 5,171,232.00 5,160,783.00 5,100,486.00
      Retained Earnings 4,435,036.00 2,985,369.00 908,870.00 -247,833.00
      Treasury Shares 170,463.00 94,851.00 46,734.00 42,897.00
      Accumulated Other Comprehensive Income 79,268.00 23,669.00 7,765.00 11,553.00
   Minority Interest 0 0 0 0
Debt 40,765.00 23,648.00 803,129.00 1,100,701.00
Common Shares Outstanding 172,605.77 174,706.97 178,577.77 169,995.93
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Revenues 5,805,901.00 4,895,633.00 3,434,620.00 4,477,929.00
Cost Of Revenue 882,957.00 976,172.00 776,841.00 760,858.00
Non-Interest Expense 1,471,102.00 887,738.00 845,768.00 1,851,588.00
Gross Profit 4,922,944.00 3,919,461.00 2,657,779.00 3,717,071.00
Operating Expenses 3,275,880.00 1,324,679.00 1,185,915.00 2,429,738.00
   Selling, General and Administrative Expenses 1,471,102.00 887,738.00 845,768.00 1,851,588.00
   Research and Development Expenses 411,876.00 148,754.00 151,924.00 207,996.00
   Other Operating Expenses 869,280.00 27,035.00 21,501.00 370,154.00
Operating Income 1,647,064.00 2,594,782.00 1,471,864.00 1,287,333.00
Net Non-Operating Income 1,848.00 20,000.00 30,921.00 26,665.00
EBT 1,861,921.00 2,645,360.00 1,495,383.00 1,203,173.00
Income Tax 279,182.00 565,163.00 300,512.00 170,189.00
Net Income Including Non-Controlling Interests 1,582,299.00 2,080,197.00 1,194,871.00 1,032,984.00
Net Income 1,582,299.00 2,080,197.00 1,194,871.00 1,032,984.00
EBIT 1,647,064.00 2,594,782.00 1,471,864.00 1,287,333.00
Deprecation and Amortization 28,287.00 25,441.00 52,831.00 139,950.00
EBITDA 1,675,351.00 2,620,223.00 1,524,695.00 1,427,283.00
EPS 0.02 0.02 0.01 0.01
Diluted EPS 0.02 0.02 0.01 0.01
Average Shares Outstanding Basic 86,628.17 88,374.85 87,347.98 84,514.91
Average Shares Outstanding Diluted 87,355.78 89,344.16 87,695.67 85,295.10
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow 1,424,082.00 2,171,013.00 1,849,430.00 158,192.00
   Operating Net Income 1,582,299.00 2,080,197.00 1,194,871.00 1,032,984.00
   Deprecation and Amortization 28,287.00 25,441.00 52,831.00 139,950.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 16,928.00 6,752.00 22,135.00 19,089.00
   Change in Working Capital -1,486,369.00 -293,502.00 405,167.00 -1,441,408.00
   Other Operating Activities 1,282,937.00 352,125.00 174,426.00 407,577.00
Investing Cash Flow -3,113,115.00 100,045.00 52,559.00 -346,507.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -9,179.00 -4,311.00 -11.00 -8,792.00
   Net Purchase/Sale of Investments Net -2,266,984.00 452,723.00 -802,215.00 -5,206.00
   Net Purchase/Sale of Business 820.00 -5,051.00 0 0
   Other Investing Activities -837,772.00 -343,316.00 854,785.00 -332,509.00
Financing Cash Flow -277,226.00 -569,278.00 -489,123.00 427,446.00
   Net Issuance/Repayment of Debt -291,781.00 -971,161.00 -485,286.00 429,539.00
   Net Issuance/Repurchase of Equity -75,612.00 -48,117.00 -3,837.00 -2,750.00
   Dividends Paid -122,333.00 0 0 0
   Other Financing Activities 212,500.00 450,000.00 0.00 0
Net Change in Cash -1,966,259.00 1,701,780.00 1,412,866.00 239,131.00
   Cash at Beginning of Period 6,058,604.00 4,360,695.00 2,945,343.00 2,707,148.00
   Cash at End of Period 4,101,557.00 6,058,604.00 4,360,695.00 2,945,343.00
Free Cash Flow 1,414,893.00 2,166,569.00 1,848,548.00 148,788.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 15,450,358.00 14,449,399.00 13,273,959.00 12,982,696.00 12,457,945.00
   Current Assets 10,408,840.00 9,760,516.00 9,181,302.00 11,741,155.00 9,088,261.00
      Cash and Short-Term Investments 3,864,891.00 4,098,851.00 4,043,590.00 4,271,900.00 4,090,692.00
            Cash and Cash Equivalents 3,864,891.00 4,098,851.00 4,043,590.00 3,841,284.00 3,705,866.00
            Short-Term Investments 0 0 0 430,616.00 384,826.00
      Net Receivables 6,149,032.00 5,306,908.00 4,824,894.00 4,918,354.00 4,842,647.00
      Inventory 0 0 0 0 0
      Other Current Assets 394,917.00 354,757.00 312,818.00 2,550,901.00 154,922.00
   Non-Current Assets 5,041,518.00 4,688,883.00 4,092,657.00 1,241,541.00 3,369,684.00
      Property, Plant, Equipment Net 125,124.00 122,345.00 117,275.00 84,589.00 94,678.00
      Goodwill 0 0 0 4,778.00 0
      Intangible Assets 0 0 0 33,784.00 0
      Long-Term Investments 503,399.00 423,489.00 413,169.00 15,826.00 12,192.00
      Non-Current Deferred Assets 180,118.00 133,869.00 426.00 77,757.00 54,874.00
      Other Non-Current Assets 0 0 0 1,024,807.00 0
Liabilities 5,107,481.00 4,467,005.00 3,520,202.00 3,440,266.00 3,173,092.00
   Current Liabilities 3,142,539.00 2,599,011.00 1,861,072.00 2,094,660.00 2,179,669.00
      Payables and Expenses 3,142,204.00 2,598,496.00 1,860,590.00 2,085,181.00 2,161,321.00
            Account Payables 50,401.00 61,580.00 79,882.00 43,167.00 42,712.00
            Current Accrued Liabilities 1,647,346.00 1,582,978.00 1,393,592.00 382,221.00 1,672,111.00
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 335.00 515.00 482.00 9,479.00 18,348.00
   Non-Current Liabilities 1,964,942.00 1,867,994.00 1,659,130.00 1,345,606.00 993,423.00
      Long-Term Debt 51,851.00 38,281.00 37,808.00 40,765.00 15,226.00
      Other Non-Current Liabilities 1,913,091.00 1,829,713.00 1,621,322.00 1,304,841.00 978,197.00
Equity 10,342,877.00 9,982,394.00 9,753,757.00 9,542,430.00 9,284,853.00
   Shareholders Equity 10,342,877.00 9,982,394.00 9,753,757.00 9,542,430.00 9,284,853.00
      Capital Stock 133.00 132.00 132.00 132.00 132.00
      Share Premium 5,229,667.00 5,210,508.00 5,201,567.00 5,198,457.00 5,198,271.00
      Retained Earnings 5,213,160.00 4,900,245.00 4,681,618.00 4,435,036.00 4,225,758.00
      Treasury Shares 170,686.00 170,686.00 170,463.00 170,463.00 160,534.00
      Accumulated Other Comprehensive Income 70,603.00 42,195.00 40,903.00 79,268.00 21,226.00
   Minority Interest 0 0 0 0 0
Debt 51,851.00 38,281.00 37,808.00 40,765.00 15,226.00
Common Shares Outstanding 0 172,812.97 172,812.97 172,605.77 172,605.77
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenues 1,574,668.00 1,674,453.00 1,554,526.00 1,452,193.00 1,499,864.00
Cost Of Revenue 149,911.00 160,859.00 224,738.00 197,232.00 205,913.00
Interest Income 0 0 24,206.00 0 0
Non-Interest Expense 436,178.00 424,028.00 372,789.00 340,690.00 415,744.00
Gross Profit 1,424,757.00 1,513,594.00 1,329,788.00 1,254,961.00 1,293,951.00
Operating Expenses 1,216,830.00 1,132,093.00 1,022,311.00 959,174.00 933,903.00
   Selling, General and Administrative Expenses 436,178.00 424,028.00 372,789.00 340,690.00 415,744.00
   Research and Development Expenses 91,514.00 107,693.00 85,954.00 164,703.00 150,840.00
   Other Operating Expenses 459,783.00 600,372.00 410,763.00 250,691.00 272,406.00
Operating Income 207,927.00 381,501.00 307,477.00 295,787.00 360,048.00
Net Non-Operating Income 644.00 14,084.00 674.00 -1,353.00 2,535.00
EBT 373,690.00 425,848.00 273,981.00 342,588.00 400,107.00
Income Tax 56,053.00 63,877.00 26,346.00 10,702.00 44,665.00
Net Income Including Non-Controlling Interests 317,637.00 357,540.00 247,506.00 331,446.00 355,442.00
Net Income 317,637.00 357,540.00 247,506.00 331,446.00 355,442.00
EBIT 207,927.00 381,501.00 307,477.00 295,787.00 360,048.00
EBITDA 207,927.00 381,501.00 307,477.00 295,787.00 360,048.00
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 87,089.95 86,453.90 86,400.14 86,361.82 87,509.32
Average Shares Outstanding Diluted 87,576.64 87,051.32 86,967.87 86,863.94 88,017.66
Breakdown 2025-06-30 2025-03-31 2024-06-30 2024-03-31
Operating Cash Flow 411,224.00 478,650.00 368,908.00 631,743.00
   Operating Net Income 0 0 0 0
   Deprecation and Amortization 0 0 0 0
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 0 0 0 0
   Change in Working Capital 0 0 0 0
   Other Operating Activities 411,224.00 478,650.00 368,908.00 631,743.00
Investing Cash Flow -752,200.00 -145,590.00 -536,883.00 -683,697.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE 0 0 0 0
   Net Purchase/Sale of Investments Net 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities -752,200.00 -145,590.00 -536,883.00 -683,697.00
Financing Cash Flow 447,588.00 -80,576.00 -125,884.00 -14,774.00
   Net Issuance/Repayment of Debt 0 0 0 0
   Net Issuance/Repurchase of Equity 0 0 0 0
   Dividends Paid 0 0 0 0
   Other Financing Activities 447,588.00 -80,576.00 -125,884.00 -14,774.00
Net Change in Cash 106,612.00 252,484.00 -293,859.00 -66,728.00
   Cash at Beginning of Period 4,356,408.00 4,101,557.00 5,993,216.00 6,058,604.00
   Cash at End of Period 4,453,608.00 4,356,408.00 5,698,461.00 5,993,216.00
Free Cash Flow 411,224.00 478,650.00 368,908.00 631,743.00