PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR.JK)

Industry: Banks - Regional Sector: Financial Services Currency Used: ID Live Price: $840.00

Enterprise Value

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Stock Price	801.67	1,016.25	1,215.00	1,400.00	1,336.32	976.06	1,613.05	2,041.87	2,301.15	1,767.62	795.31	852.65	1,067.06	1,054.59	1,064.56
Market Capitalization	8,434,690.94M	10,692,417.29M	12,783,554.08M	14,729,864.99M	13,147,253.57M	9,603,151.27M	15,870,364.19M	19,884,067.01M	22,311,280.88M	17,138,876.39M	7,711,455.02M	8,267,535.69M	10,346,476.04M	10,233,039.24M	10,330,778.34M
(-) Cash & Equivalents	14,781,858.00M	21,863,419.75M	19,009,989.25M	24,385,545.25M	20,072,705.00M	16,370,806.50M	16,644,328.00M	19,796,362.50M	22,204,025.75M	16,181,281.75M	16,767,729.75M	14,252,056.00M	12,896,272.75M	16,457,727.75M	3,324,200.75M
(+) Total Debt	30,758,196.33M	26,372,418.50M	24,328,515.25M	22,089,293.25M	17,581,372.50M	15,313,358.00M	11,595,409.00M	8,370,003.25M	4,340,706.50M	1,796,262.50M	2,168,192.00M	2,299,833.00M	2,685,387.50M	3,453,170.75M	729,600.50M
Enterprise Value	24,411,029.27M	15,201,416.04M	18,102,080.08M	12,433,612.99M	10,655,921.07M	8,545,702.77M	10,821,445.19M	8,457,707.76M	4,447,961.63M	2,753,857.14M	-6,888,082.73M	-3,684,687.31M	135,590.79M	-2,771,517.76M	7,736,178.09M

Income Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Revenue	18,769,102M	16,799,697M	17,413,403M	15,470,453M	14,590,073M	14,246,003M	13,530,235M	12,530,432M	12,267,701M	11,691,470M	10,874,973M	10,174,738M	8,940,834M	8,160,957M	6,909,472M	6,075,284M	5,172,024M	4,206,631M	3,233,690M	2,667,567M	2,581,002M
Cost of Revenue	6,191,436M	7,608,811M	8,015,634M	6,190,276M	4,479,953M	4,662,252M	5,501,797M	5,508,572M	4,806,145M	4,533,229M	3,917,181M	4,459,366M	3,753,121M	2,910,382M	2,817,974M	2,694,517M	2,254,731M	1,841,510M	1,253,624M	1,246,368M	1,289,443M
Gross Profit	12,577,666M	9,190,886M	9,397,769M	9,280,177M	10,110,120M	9,583,751M	8,028,438M	7,021,860M	7,461,556M	7,158,241M	6,957,792M	5,715,372M	5,187,713M	5,250,575M	4,091,498M	3,380,767M	2,917,293M	2,365,121M	1,980,066M	1,421,199M	1,291,559M
Gross Profit Margin	67.0%	54.7%	54.0%	60.0%	69.3%	67.3%	59.3%	56.0%	60.8%	61.2%	64.0%	56.2%	58.0%	64.3%	59.2%	55.6%	56.4%	56.2%	61.2%	53.3%	50.0%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	1,397,060M	1,793,383M	1,736,601M	1,874,732M	1,913,631M	1,740,341M	1,522,405M	1,387,797M	1,525,602M	1,408,371M	1,220,725M	871,373M	780,026M	757,115M	559,303M	467,767M	555,563M	433,486M	348,692M	300,624M	323,692M
Operating Expenses	6,521,152M	7,316,095M	7,613,986M	7,153,810M	7,274,502M	6,996,169M	5,860,410M	5,043,898M	5,524,512M	5,526,276M	5,493,884M	3,948,973M	3,764,572M	3,497,701M	2,578,999M	2,060,951M	1,697,665M	1,379,744M	1,161,120M	868,492M	789,222M
Operating Income (EBIT)	6,056,514M	1,874,791M	1,783,783M	2,126,367M	2,835,618M	2,587,582M	2,168,028M	1,977,962M	1,937,044M	1,631,965M	1,463,908M	1,766,399M	1,423,141M	1,752,874M	1,512,499M	1,319,816M	1,219,628M	985,377M	818,946M	552,707M	502,337M
Operating Income Margin	32.3%	11.2%	10.2%	13.7%	19.4%	18.2%	16.0%	15.8%	15.8%	14.0%	13.5%	17.4%	15.9%	21.5%	21.9%	21.7%	23.6%	23.4%	25.3%	20.7%	19.5%
Interest Income	11,789,330M	14,355,342M	14,795,021M	13,301,841M	12,831,011M	12,444,531M	11,894,801M	11,345,103M	11,190,642M	10,687,485M	9,912,132M	9,326,090M	8,010,028M	7,645,797M	6,506,088M	5,759,174M	4,894,312M	3,944,548M	2,997,885M	2,393,751M	2,297,436M
Interest Expense	6,191,436M	7,608,811M	8,015,634M	6,190,276M	4,479,953M	4,662,252M	5,501,797M	5,508,572M	4,806,145M	4,533,229M	3,917,181M	4,459,366M	3,753,121M	2,910,382M	2,817,974M	2,694,517M	2,254,731M	1,841,510M	1,253,624M	1,246,368M	1,289,443M
Net Interest Income	5,597,894M	6,746,531M	6,779,387M	7,111,565M	8,351,058M	7,782,279M	6,393,004M	5,836,531M	6,384,497M	6,154,256M	5,994,951M	4,866,724M	4,256,907M	4,735,415M	3,688,114M	3,064,657M	2,639,581M	2,103,038M	1,744,261M	1,147,383M	1,007,993M
Unusual Items	-9,976,403M	-6,746,531M	-6,779,387M	-7,111,565M	-8,351,058M	-7,782,279M	-6,393,004M	-5,836,531M	-6,384,497M	-6,154,256M	-5,994,951M	-4,866,724M	-4,256,907M	-4,735,415M	-3,688,114M	-3,064,657M	-2,639,581M	-2,103,038M	-1,744,261M	-1,147,383M	-1,007,993M
EBT Excluding Unusual Items	11,654,408M	8,621,322M	8,563,170M	9,237,932M	11,186,676M	10,369,861M	8,561,032M	7,814,493M	8,321,541M	7,786,221M	7,458,859M	6,633,123M	5,680,048M	6,488,289M	5,200,613M	4,384,473M	3,859,209M	3,088,415M	2,563,207M	1,700,090M	1,510,330M
Pre-Tax Income	1,678,005M	1,874,791M	1,783,783M	2,126,367M	2,835,618M	2,587,582M	2,168,028M	1,977,962M	1,937,044M	1,631,965M	1,463,908M	1,766,399M	1,423,141M	1,752,874M	1,512,499M	1,319,816M	1,219,628M	985,377M	818,946M	552,707M	502,337M
Pre-Tax Margin	8.9%	11.2%	10.2%	13.7%	19.4%	18.2%	16.0%	15.8%	15.8%	14.0%	13.5%	17.4%	15.9%	21.5%	21.9%	21.7%	23.6%	23.4%	25.3%	20.7%	19.5%
Income Tax Expense	306,181M	388,644M	328,597M	445,190M	590,336M	568,928M	478,032M	413,470M	384,648M	420,560M	310,683M	385,434M	315,345M	376,487M	319,195M	357,121M	329,403M	276,271M	276,784M	182,040M	201,267M
Net Income	997,156M	1,506,479M	1,369,463M	1,778,395M	2,304,376M	2,031,858M	1,687,218M	1,558,651M	1,548,249M	1,212,036M	1,154,421M	1,377,110M	1,103,880M	1,372,913M	1,192,684M	962,260M	890,225M	709,106M	542,162M	370,667M	301,070M
Net Income Margin	5.3%	9.0%	7.9%	11.5%	15.8%	14.3%	12.5%	12.4%	12.6%	10.4%	10.6%	13.5%	12.3%	16.8%	17.3%	15.8%	17.2%	16.9%	16.8%	13.9%	11.7%
Depreciation & Amortization	355,600M	377,050M	442,959M	333,579M	304,928M	337,436M	289,709M	173,961M	99,037M	25,837M	89,112M	90,389M	101,323M	91,585M	81,197M	83,984M	0M	0M	0M	0M	0M
EBITDA	6,412,114M	2,251,841M	2,226,742M	2,459,946M	3,140,546M	2,925,018M	2,457,737M	2,151,923M	2,036,081M	1,657,802M	1,553,020M	1,856,788M	1,524,464M	1,844,459M	1,593,696M	1,403,800M	1,219,628M	985,377M	818,946M	552,707M	502,337M
EBITDA Margin	34.2%	13.4%	12.8%	15.9%	21.5%	20.5%	18.2%	17.2%	16.6%	14.2%	14.3%	18.2%	17.1%	22.6%	23.1%	23.1%	23.6%	23.4%	25.3%	20.7%	19.5%
NOPAT	4,951,398M	1,486,147M	1,455,186M	1,681,177M	2,245,282M	2,018,654M	1,689,996M	1,564,492M	1,552,396M	1,211,405M	1,153,225M	1,380,965M	1,107,796M	1,376,387M	1,193,304M	962,695M	890,225M	709,106M	542,162M	370,667M	301,070M
NOPAT Margin	26.4%	8.8%	8.4%	10.9%	15.4%	14.2%	12.5%	12.5%	12.7%	10.4%	10.6%	13.6%	12.4%	16.9%	17.3%	15.8%	17.2%	16.9%	16.8%	13.9%	11.7%
Owner's Earnings	1,033,971M	1,525,747M	1,391,963M	1,622,430M	2,096,171M	1,950,436M	1,572,324M	1,573,166M	1,426,507M	1,095,748M	1,120,281M	1,413,444M	1,126,915M	1,411,507M	1,025,036M	955,751M	798,221M	602,899M	427,534M	295,368M	132,770M
Owner's Earnings Margin	5.5%	9.1%	8.0%	10.5%	14.4%	13.7%	11.6%	12.6%	11.6%	9.4%	10.3%	13.9%	12.6%	17.3%	14.8%	15.7%	15.4%	14.3%	13.2%	11.1%	5.1%
EPS (Basic)	94.77	143.19	130.16	169.03	219.02	205.95	171.01	157.98	156.93	124.66	118.73	141.63	113.54	141.20	122.66	98.97	114.50	113.44	89.46	68.57	63.81
EPS (Diluted)	94.77	143.18	130.16	169.03	219.02	205.95	171.01	157.98	156.93	124.66	118.73	141.63	113.53	141.20	122.67	98.97	114.51	113.43	89.46	68.57	63.82
Shares (Basic)	10,521M	10,521M	10,521M	10,521M	10,521M	9,866M	9,866M	9,866M	9,866M	9,723M	9,723M	9,723M	9,696M	9,696M	9,696M	9,723M	7,774M	6,251M	6,060M	5,406M	4,718M
Shares (Diluted)	10,521M	10,521M	10,521M	10,521M	10,521M	9,866M	9,866M	9,866M	9,866M	9,723M	9,723M	9,723M	9,723M	9,723M	9,723M	9,723M	7,774M	6,251M	6,060M	5,406M	4,718M

Balance Sheet

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash & Cash Equivalents	0.00M	21,631,776.00M	21,226,508.00M	23,506,815.00M	24,743,687.00M	29,778,226.00M	18,443,456.00M	18,136,738.00M	23,259,216.00M	26,675,765.00M	20,780,755.00M	12,409,126.00M	12,844,811.00M	9,864,900.00M	14,769,592.00M	13,296,803.00M	16,842,434.00M	9,645,154.00M	6,220,755.00M	6,669,954.00M	4,338,120.00M
Short-Term Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Cash & Short-Term Investments	0.00M	21,631,776.00M	21,226,508.00M	23,506,815.00M	24,743,687.00M	29,778,226.00M	18,443,456.00M	18,136,738.00M	23,259,216.00M	26,675,765.00M	20,780,755.00M	12,409,126.00M	12,844,811.00M	9,864,900.00M	14,769,592.00M	13,296,803.00M	16,842,434.00M	9,645,154.00M	6,220,755.00M	6,669,954.00M	4,338,120.00M
Net Receivables	0.00M	1,879,229.00M	2,007,944.00M	2,249,901.00M	2,193,287.00M	1,688,738.00M	1,751,663.00M	1,694,709.00M	1,528,781.00M	937,981.00M	828,237.00M	720,950.00M	704,195.00M	463,081.00M	417,960.00M	284,291.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Current Assets	0.00M	23,511,005.00M	23,234,452.00M	25,756,716.00M	26,936,974.00M	31,466,964.00M	20,195,119.00M	19,831,447.00M	24,787,997.00M	27,613,746.00M	21,608,992.00M	13,130,076.00M	13,549,006.00M	10,327,981.00M	15,187,552.00M	13,581,094.00M	16,842,434.00M	9,645,154.00M	6,220,755.00M	6,669,954.00M	4,338,120.00M
Property, Plant & Equipment	5,277,158.00M	5,253,867.00M	5,321,062.00M	4,795,493.00M	4,563,249.00M	4,556,358.00M	4,415,348.00M	3,344,225.00M	3,271,751.00M	2,925,337.00M	2,740,397.00M	1,023,314.00M	1,044,844.00M	1,152,902.00M	1,033,983.00M	616,689.00M	549,014.00M	527,855.00M	499,147.00M	456,369.00M	438,261.00M
Goodwill	47,264.00M	47,264.00M	47,264.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	0.00M	141,148,361.00M	143,717,548.00M	123,137,361.00M	114,122,092.00M	100,493,008.00M	93,340,501.00M	86,493,724.00M	79,247,109.00M	74,845,837.00M	67,437,553.00M	59,181,440.00M	52,308,588.00M	10,316,225.00M	37,676,921.00M	24,245,142.00M	4,189,592.00M	2,656,097.00M	12,688,042.00M	2,899,035.00M	4,694,952.00M
Tax Assets	26,247.00M	233,737.00M	253,736.00M	62,046.00M	189,749.00M	118,601.00M	100,932.00M	128,113.00M	155,680.00M	177,446.00M	137,253.00M	28,967.00M	31,732.00M	0.00M	3,635.00M	37,174.00M	0.00M	0.00M	29,215.00M	0.00M	0.00M
Other Non-Current Assets	-5,350,669.00M	42,949,701.00M	44,509,371.00M	31,811,337.00M	33,509,988.00M	20,682,022.00M	22,013,886.00M	12,502,209.00M	11,734,780.00M	8,373,131.00M	9,472,671.00M	14,417,504.00M	7,921,722.00M	-11,469,127.00M	16,482,604.00M	15,757,842.00M	-4,738,606.00M	-3,183,952.00M	6,603,710.00M	-3,355,404.00M	-5,133,213.00M
Other Assets	215,866,796.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	49,161,125.00M	0.00M	0.00M	21,864,660.00M	19,581,223.00M	0.00M	13,018,131.00M	11,819,240.00M
Total Non-Current Assets	215,866,796.00M	189,632,930.00M	193,848,981.00M	159,806,237.00M	152,385,078.00M	125,849,989.00M	119,870,667.00M	102,468,271.00M	94,409,320.00M	86,321,751.00M	79,787,874.00M	74,651,225.00M	61,306,886.00M	49,161,125.00M	55,197,143.00M	40,656,847.00M	21,864,660.00M	19,581,223.00M	19,820,114.00M	13,018,131.00M	11,819,240.00M
Total Assets	215,866,796.00M	213,143,935.00M	217,083,433.00M	185,562,953.00M	179,322,052.00M	157,316,953.00M	140,065,786.00M	122,299,718.00M	119,197,317.00M	113,935,497.00M	101,396,866.00M	87,781,301.00M	74,855,892.00M	59,489,106.00M	70,384,695.00M	54,237,941.00M	38,707,094.00M	29,226,377.00M	26,040,869.00M	19,688,085.00M	16,157,360.00M
Accounts Payable	0.00M	352,355.00M	363,027.00M	285,191.00M	254,160.00M	168,674.00M	221,713.00M	178,516.00M	110,522.00M	199,370.00M	162,024.00M	157,099.00M	121,607.00M	124,775.00M	129,272.00M	133,295.00M	105,403.00M	0.00M	0.00M	0.00M	0.00M
Short-Term Debt	8,841,593.00M	12,457,026.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Payables	0.00M	72,506.00M	172,388.00M	82,472.00M	139,733.00M	131,537.00M	79,415.00M	45,675.00M	80,050.00M	64,545.00M	29,133.00M	131,544.00M	106,459.00M	102,803.00M	46,216.00M	54,968.00M	32,870.00M	51,704.00M	128,816.00M	48,746.00M	77,302.00M
Deferred Revenue	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Current Liabilities	-8,841,593.00M	146,443,104.00M	158,171,650.00M	139,345,140.00M	135,752,054.00M	123,679,871.00M	108,756,183.00M	91,256,984.00M	91,476,865.00M	93,493,298.00M	84,935,233.00M	71,875,613.00M	61,859,585.00M	-226,541.00M	57,549,051.00M	44,494,303.00M	-138,273.00M	-51,704.00M	20,669,287.00M	-48,746.00M	-77,302.00M
Total Current Liabilities	0.00M	159,324,991.00M	158,707,065.00M	139,712,803.00M	136,145,947.00M	123,980,082.00M	109,057,311.00M	91,481,175.00M	91,667,437.00M	93,757,213.00M	85,126,390.00M	72,164,256.00M	62,087,651.00M	1,037.00M	57,724,539.00M	44,682,566.00M	0.00M	0.00M	20,798,103.00M	0.00M	0.00M
Long-Term Debt	22,669,842.00M	30,806,447.00M	28,554,165.00M	25,480,858.00M	23,534,688.00M	18,145,513.00M	17,087,597.00M	13,278,036.00M	10,947,962.00M	7,479,344.00M	2,559,163.00M	2,159,513.00M	2,179,843.00M	0.00M	2,627,523.00M	2,918,402.00M	698,285.00M	1,755,354.00M	1,719,294.00M	1,742,675.00M	2,034,778.00M
Capital Lease Obligations	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	-23,265,646.00M	5,877,265.00M	13,233,150.00M	7,735,281.00M	6,954,403.00M	3,278,006.00M	2,862,709.00M	6,780,309.00M	6,370,723.00M	3,703,181.00M	4,987,809.00M	6,747,987.00M	4,618,572.00M	0.00M	4,526,192.00M	1,515,559.00M	-698,285.00M	-1,755,354.00M	1,170,418.00M	-1,742,675.00M	-2,034,778.00M
Total Non-Current Liabilities	-595,804.00M	36,683,712.00M	41,787,315.00M	33,216,139.00M	30,489,091.00M	21,423,519.00M	19,950,306.00M	20,058,345.00M	17,318,685.00M	11,182,525.00M	7,546,972.00M	8,907,500.00M	6,798,415.00M	0.00M	7,153,715.00M	4,433,961.00M	0.00M	0.00M	2,889,712.00M	0.00M	0.00M
Total Liabilities	-595,804.00M	196,008,703.00M	200,494,380.00M	172,928,942.00M	166,635,038.00M	145,403,601.00M	129,007,617.00M	111,539,520.00M	108,986,122.00M	104,939,738.00M	92,673,362.00M	81,071,756.00M	68,886,066.00M	1,037.00M	64,878,254.00M	49,116,527.00M	0.00M	0.00M	23,687,815.00M	0.00M	0.00M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock	2,630,361.00M	2,630,361.00M	2,630,361.00M	2,630,361.00M	2,630,361.00M	2,459,697.00M	2,459,697.00M	2,459,697.00M	2,459,697.00M	2,424,073.00M	2,424,073.00M	2,424,073.00M	2,424,073.00M	2,424,073.00M	2,424,073.00M	2,424,073.00M	2,424,073.00M	1,583,896.00M	1,495,598.00M	1,264,475.00M	1,073,034.00M
Retained Earnings	4,977,034.00M	4,686,076.00M	5,304,084.00M	4,622,656.00M	3,947,964.00M	3,657,863.00M	3,308,127.00M	2,909,072.00M	911,978.00M	956,477.00M	1,313,633.00M	1,530,866.00M	1,257,309.00M	1,394,943.00M	1,207,467.00M	962,260.00M	1,743,497.00M	1,279,389.00M	940,769.00M	680,789.00M	589,567.00M
Accumulated OCI	5,246,762.00M	5,056,895.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Minority Interest	3,695,564.00M	3,559,969.00M	3,347,734.00M	-110,859.00M	-13,089.00M	47,659.00M	46,276.00M	49,789.00M	48,740.00M	40,540.00M	42,401.00M	44,338.00M	40,508.00M	34,044.00M	33,687.00M	12,457.00M	5,054.00M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	12,854,157.00M	12,373,332.00M	7,934,445.00M	7,253,017.00M	6,578,325.00M	6,117,560.00M	5,767,824.00M	5,368,769.00M	3,371,675.00M	3,380,550.00M	3,737,706.00M	3,954,939.00M	3,681,382.00M	3,819,016.00M	3,631,540.00M	3,386,333.00M	4,167,570.00M	2,863,285.00M	2,436,367.00M	1,945,264.00M	1,662,601.00M
Total Equity	16,549,721.00M	15,933,301.00M	11,282,179.00M	7,142,158.00M	6,565,236.00M	6,165,219.00M	5,814,100.00M	5,418,558.00M	3,420,415.00M	3,421,090.00M	3,780,107.00M	3,999,277.00M	3,721,890.00M	3,853,060.00M	3,665,227.00M	3,398,790.00M	4,172,624.00M	2,863,285.00M	2,436,367.00M	1,945,264.00M	1,662,601.00M
Total Liabilities & Equity	15,953,917.00M	211,942,004.00M	211,776,559.00M	180,071,100.00M	173,200,274.00M	151,568,820.00M	134,821,717.00M	116,958,078.00M	112,406,537.00M	108,360,828.00M	96,453,469.00M	85,071,033.00M	72,607,956.00M	3,854,097.00M	68,543,481.00M	52,515,317.00M	4,172,624.00M	2,863,285.00M	26,124,182.00M	1,945,264.00M	1,662,601.00M
Tangible Assets	215,819,532.00M	213,096,671.00M	217,036,169.00M	185,562,953.00M	179,322,052.00M	157,316,953.00M	140,065,786.00M	122,299,718.00M	119,197,317.00M	113,935,497.00M	101,396,866.00M	87,781,301.00M	74,855,892.00M	59,489,106.00M	70,384,695.00M	54,237,941.00M	38,707,094.00M	29,226,377.00M	26,040,869.00M	19,688,085.00M	16,157,360.00M
Tangible Equity	16,502,457.00M	15,886,037.00M	11,234,915.00M	7,142,158.00M	6,565,236.00M	6,165,219.00M	5,814,100.00M	5,418,558.00M	3,420,415.00M	3,421,090.00M	3,780,107.00M	3,999,277.00M	3,721,890.00M	3,853,060.00M	3,665,227.00M	3,398,790.00M	4,172,624.00M	2,863,285.00M	2,436,367.00M	1,945,264.00M	1,662,601.00M
Tangible Book Value	16,502,457.00M	15,886,037.00M	11,234,915.00M	7,142,158.00M	6,565,236.00M	6,165,219.00M	5,814,100.00M	5,418,558.00M	3,420,415.00M	3,421,090.00M	3,780,107.00M	3,999,277.00M	3,721,890.00M	3,853,060.00M	3,665,227.00M	3,398,790.00M	4,172,624.00M	2,863,285.00M	2,436,367.00M	1,945,264.00M	1,662,601.00M
Total Investments	0.00M	141,148,361.00M	143,717,548.00M	123,137,361.00M	114,122,092.00M	100,493,008.00M	93,340,501.00M	86,493,724.00M	79,247,109.00M	74,845,837.00M	67,437,553.00M	59,181,440.00M	52,308,588.00M	10,316,225.00M	37,676,921.00M	24,245,142.00M	4,189,592.00M	2,656,097.00M	12,688,042.00M	2,899,035.00M	4,694,952.00M
Net Debt	31,511,435.00M	21,631,697.00M	7,327,657.00M	1,974,043.00M	-1,208,999.00M	-11,632,713.00M	-1,355,859.00M	-4,858,702.00M	-12,311,254.00M	-19,196,421.00M	-18,221,592.00M	-10,249,613.00M	-10,664,968.00M	-9,864,900.00M	-12,142,069.00M	-10,378,401.00M	-16,144,149.00M	-7,889,800.00M	-4,501,461.00M	-4,927,279.00M	-2,303,342.00M

Capital Metrics

Metric	MRQ	MRQ-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Working Capital	0.0M	-132,965,085.0M	-132,422,965.0M	-111,141,080.0M	-107,150,001.0M	-91,342,437.0M	-87,914,561.0M	-70,367,297.0M	-65,805,320.0M	-65,034,251.0M	-62,566,674.0M	-57,986,507.0M	-47,426,768.0M	10,195,259.0M	-42,034,588.0M	-30,835,787.0M	16,827,878.0M	9,645,154.0M	-14,448,532.0M	6,669,954.0M	4,338,120.0M
Total Capital	48,984,670.0M	47,230,611.0M	44,845,132.0M	41,040,735.0M	38,293,763.0M	31,181,887.0M	29,047,121.0M	25,270,876.0M	22,184,537.0M	17,543,779.0M	12,190,990.0M	9,872,393.0M	9,221,038.0M	9,407,164.0M	8,602,676.0M	8,293,044.0M	5,689,278.0M	4,846,897.0M	4,201,164.0M	3,919,062.0M	3,888,820.0M
Capital Employed	215,866,796.0M	56,667,845.0M	61,426,016.0M	48,665,157.0M	45,235,077.0M	34,507,552.0M	31,956,106.0M	32,100,974.0M	28,604,000.0M	21,287,500.0M	17,221,200.0M	16,664,718.0M	13,880,118.0M	70,825,511.0M	13,162,555.0M	9,821,060.0M	43,431,144.0M	32,410,329.0M	5,371,582.0M	23,043,489.0M	21,290,573.0M
Invested Capital	48,984,670.0M	25,598,835.0M	23,618,624.0M	17,533,920.0M	13,550,076.0M	1,403,661.0M	10,603,665.0M	7,134,138.0M	-1,074,679.0M	-9,131,986.0M	-8,589,765.0M	-2,536,733.0M	-3,623,773.0M	-457,736.0M	-6,166,916.0M	-5,003,759.0M	-11,153,156.0M	-4,798,257.0M	-2,019,591.0M	-2,750,892.0M	-449,300.0M

Cash Flow Statement

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Net Income	297,736.00M	0.00M	0.00M	0.00M	2,304,376.00M	2,031,858.00M	0.00M	1,558,651.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	890,225.00M	709,106.00M	555,728.00M	0.00M	301,070.00M
Depreciation & Amortization	0.00M	0.00M	0.00M	0.00M	304,928.00M	337,436.00M	0.00M	173,961.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	376,258.00M	0.00M	-952,870.00M	0.00M	-471,496.00M	-108,562.00M	0.00M	12,167.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,301,376.00M	4,343,351.00M	-833,633.00M	-1,268,178.00M	595,737.00M	-259,219.00M
Accounts Receivable	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-64,159.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Inventory	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	376,258.00M	0.00M	-952,870.00M	0.00M	-471,496.00M	-108,562.00M	0.00M	12,167.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,365,535.00M	0.00M	0.00M	0.00M	595,737.00M	0.00M
Other Non-Cash Items	-2,720,850.00M	12,590,548.00M	4,767,480.00M	612,359.00M	-12,008,450.00M	9,388,615.00M	-1,385,925.00M	-8,338,413.00M	-6,071,169.00M	2,582,207.00M	6,091,646.00M	5,579,200.00M	1,176,551.00M	-10,399,769.00M	6,533,426.00M	961,299.00M	157,674.00M	810,797.00M	343,373.00M	507,995.00M	38,473.00M
Net Cash from Operating Activities	-2,046,856.00M	12,590,548.00M	3,814,610.00M	612,359.00M	-9,870,642.00M	11,649,347.00M	-1,385,925.00M	-6,593,634.00M	-6,071,169.00M	2,582,207.00M	6,091,646.00M	5,579,200.00M	1,176,551.00M	-10,399,769.00M	6,533,426.00M	2,262,675.00M	5,391,250.00M	686,270.00M	-369,077.00M	1,103,732.00M	80,324.00M
Capital Expenditures (PPE)	-318,785.00M	-357,782.00M	-420,459.00M	-489,544.00M	-513,133.00M	-418,858.00M	-404,603.00M	-159,446.00M	-220,779.00M	-142,125.00M	-123,252.00M	-54,055.00M	-78,288.00M	-52,991.00M	-248,845.00M	-90,493.00M	-92,004.00M	-106,207.00M	-114,628.00M	-75,299.00M	-168,300.00M
Acquisitions (Net)	262.00M	99,969.00M	0.00M	0.00M	0.00M	-1,337,161.00M	0.00M	35.00M	-10,140.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	-13,275,576.00M	-13,781,442.00M	-10,658,694.00M	-2,511,135.00M	-99,969.00M	-5,655,207.00M	0.00M	-657,596.00M	0.00M	0.00M	0.00M	0.00M	-568,461.00M	-6,065,951.00M	-4,172,567.00M	-9,737,855.00M	-1,275.00M	-128.00M	-24,952.00M	-2,575.00M	-1,400.00M
Sales / Maturities of Investments	10,333,027.00M	6,536,833.00M	2,823,572.00M	438,147.00M	0.00M	6,992,368.00M	0.00M	657,561.00M	0.00M	1,358,619.00M	3,766,242.00M	0.00M	3,205,583.00M	11,567,261.00M	180,312.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Investing Activities	1,278,190.00M	-2,183,179.00M	543.00M	1,978.00M	5,960.00M	6,074.00M	7,137.00M	11,824.00M	10,579.00M	15,779.00M	10,812.00M	-5,284,707.00M	576,464.00M	8,169.00M	7,092.00M	5,862.00M	5,004.00M	4,583.00M	1,225.00M	1,969.00M	452.00M
Net Cash from Investing Activities	-1,982,882.00M	-9,685,601.00M	-8,255,038.00M	-2,560,554.00M	-607,142.00M	-412,784.00M	-397,466.00M	-147,622.00M	-220,340.00M	1,232,273.00M	3,653,802.00M	-5,338,762.00M	3,135,298.00M	5,456,488.00M	-4,234,008.00M	-9,822,486.00M	-88,275.00M	-101,752.00M	-138,355.00M	-75,905.00M	-169,248.00M
Net Debt Issuance	-464,869.00M	3,239,473.00M	3,061,461.00M	1,873,562.00M	5,530,794.00M	1,025,810.00M	3,257,056.00M	2,330,867.00M	3,466,568.00M	4,931,639.00M	399,438.00M	-21,873.00M	-543,848.00M	93,177.00M	-292,839.00M	1,161,413.00M	1,484.00M	38,215.00M	-24,810.00M	-293,780.00M	990,376.00M
Long-Term Debt Issuance	3,627,710.00M	3,239,473.00M	3,061,461.00M	1,873,562.00M	5,530,794.00M	1,025,810.00M	3,257,056.00M	2,330,867.00M	3,466,568.00M	4,931,639.00M	399,438.00M	-21,873.00M	-543,848.00M	93,177.00M	-292,839.00M	1,161,413.00M	1,484.00M	38,215.00M	-24,810.00M	-293,780.00M	990,376.00M
Short-Term Debt Issuance	-4,092,579.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	0.00M	0.00M	0.00M	0.00M	923,345.00M	0.00M	0.00M	0.00M	270,742.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,440,341.00M	271,053.00M	45,503.00M	231,123.00M	191,441.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	923,345.00M	0.00M	0.00M	0.00M	270,742.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,440,341.00M	271,053.00M	45,503.00M	231,123.00M	191,441.00M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-896,953.00M	0.00M	-1,000,063.00M	-1,100,017.00M	-1,042,780.00M	-941,965.00M	-925,044.00M	-879,586.00M	-875,575.00M	-862,970.00M	-822,246.00M	-694,253.00M	-757,279.00M	-663,845.00M	-590,187.00M	-578,643.00M	-472,738.00M	-370,486.00M	-282,182.00M	-225,803.00M	-192,477.00M
Common Dividends Paid	-896,953.00M	0.00M	-1,000,063.00M	-1,100,017.00M	-1,042,780.00M	-941,965.00M	-925,044.00M	-879,586.00M	-875,575.00M	-862,970.00M	-822,246.00M	-694,253.00M	-757,279.00M	-663,845.00M	-590,187.00M	-578,643.00M	-472,738.00M	-370,486.00M	-282,182.00M	-225,803.00M	-192,477.00M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	2,506,038.00M	32,666.00M	-53,407.00M	-78,954.00M	12,028,999.00M	-47,188.00M	-130,702.00M	-1,065.00M	0.00M	-1,900,011.00M	-985,868.00M	0.00M	0.00M	1,055,777.00M	1,941,420.00M	7,000.00M	0.00M	-3,794.00M	0.00M	0.00M	-5,257.00M
Net Cash from Financing Activities	1,144,216.00M	3,272,139.00M	2,007,991.00M	694,591.00M	5,366,615.00M	36,657.00M	2,201,310.00M	1,450,216.00M	2,861,735.00M	2,168,658.00M	-1,408,676.00M	-716,126.00M	-1,301,127.00M	485,109.00M	1,058,394.00M	589,770.00M	969,087.00M	-65,012.00M	-261,489.00M	-288,460.00M	984,083.00M
Effect of FX on Cash	2,067,824.00M	43,130.00M	142,493.00M	14,095.00M	23,825.00M	58,686.00M	54,658.00M	2,841.00M	3,803.00M	-1,638.00M	501.00M	-7,475.00M	-1,704.00M	2,175.00M	-4,693.00M	-1,080.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Change in Cash	-817,345.00M	6,222,418.00M	-2,289,944.00M	-1,239,509.00M	-5,034,661.00M	11,331,906.00M	472,577.00M	-5,288,199.00M	-3,425,971.00M	5,981,500.00M	8,337,273.00M	-483,163.00M	3,009,018.00M	-4,455,997.00M	3,353,119.00M	-6,971,121.00M	6,272,062.00M	519,506.00M	-768,921.00M	739,367.00M	895,159.00M
Cash at Beginning of Period	66,292,734.00M	83,454,623.00M	23,493,617.00M	24,733,126.00M	29,767,787.00M	18,435,881.00M	17,963,304.00M	23,249,310.00M	26,675,281.00M	20,692,875.00M	12,355,602.00M	12,838,765.00M	9,829,747.00M	14,285,744.00M	10,932,625.00M	17,903,746.00M	11,631,684.00M	2,393,678.00M	3,162,073.00M	2,422,875.00M	1,527,539.00M
Cash at End of Period	65,475,389.00M	89,677,041.00M	21,203,673.00M	23,493,617.00M	24,733,126.00M	29,767,787.00M	18,435,881.00M	17,961,111.00M	23,249,310.00M	26,674,375.00M	20,692,875.00M	12,355,602.00M	12,838,765.00M	9,829,747.00M	14,285,744.00M	10,932,625.00M	17,903,746.00M	2,913,184.00M	2,393,152.00M	3,162,242.00M	2,422,698.00M
Operating Cash Flow	-2,046,856.00M	12,590,548.00M	3,814,610.00M	612,359.00M	-9,870,642.00M	11,649,347.00M	-1,385,925.00M	-6,593,634.00M	-6,071,169.00M	2,582,207.00M	6,091,646.00M	5,579,200.00M	1,176,551.00M	-10,399,769.00M	6,533,426.00M	2,262,675.00M	5,391,250.00M	686,270.00M	-369,077.00M	1,103,732.00M	80,324.00M
Capital Expenditure	-318,785.00M	-357,782.00M	-420,459.00M	-489,544.00M	-513,133.00M	-418,858.00M	-404,603.00M	-159,446.00M	-220,779.00M	-142,125.00M	-123,252.00M	-54,055.00M	-78,288.00M	-52,991.00M	-248,845.00M	-90,493.00M	-92,004.00M	-106,207.00M	-114,628.00M	-75,299.00M	-168,300.00M
Free Cash Flow	-2,365,641.00M	12,232,766.00M	3,394,151.00M	122,815.00M	-10,383,775.00M	11,230,489.00M	-1,790,528.00M	-6,753,080.00M	-6,291,948.00M	2,440,082.00M	5,968,394.00M	5,525,145.00M	1,098,263.00M	-10,452,760.00M	6,284,581.00M	2,172,182.00M	5,299,246.00M	580,063.00M	-483,705.00M	1,028,433.00M	-87,976.00M

Free Cash Flow

Metric	TTM	TTM-1	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
EBITDA	11,536,206.00M	7,774,553.00M	8,104,127.00M	7,739,024.00M	8,501,417.00M	8,180,846.00M	6,795,742.00M	5,808,024.00M	6,034,991.00M	5,775,707.00M	5,826,179.00M	4,934,388.00M	4,509,010.00M	4,585,045.00M	3,613,392.00M	2,996,984.00M	2,361,730.00M	1,931,635.00M	1,631,374.00M	1,120,575.00M	967,867.00M
(-) Tax Adjustment	2,104,980.07M	1,611,664.11M	1,492,890.01M	1,620,292.31M	1,769,876.09M	1,798,711.06M	1,498,404.14M	1,214,100.01M	1,198,396.74M	1,488,408.96M	1,236,481.23M	1,076,699.49M	999,123.60M	984,788.32M	762,563.58M	810,935.71M	637,867.40M	541,574.17M	551,365.07M	369,073.44M	338,753.45M
(-) Change In Working Capital	376,258.00M	0.00M	-952,870.00M	0.00M	-471,496.00M	-108,562.00M	0.00M	12,167.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1,301,376.00M	4,343,351.00M	-833,633.00M	-1,268,178.00M	595,737.00M	-259,219.00M
(-) Capital Expenditure	-318,785.00M	-357,782.00M	-420,459.00M	-489,544.00M	-513,133.00M	-418,858.00M	-404,603.00M	-159,446.00M	-220,779.00M	-142,125.00M	-123,252.00M	-54,055.00M	-78,288.00M	-52,991.00M	-248,845.00M	-90,493.00M	-92,004.00M	-106,207.00M	-114,628.00M	-75,299.00M	-168,300.00M
Unlevered Free Cash Flow	8,736,182.93M	5,371,328.89M	7,143,647.99M	5,629,187.69M	6,689,903.91M	6,071,838.94M	4,892,734.86M	4,422,310.99M	4,615,815.26M	4,145,173.04M	4,466,445.77M	3,803,633.51M	3,431,598.40M	3,547,265.68M	2,601,983.42M	794,179.29M	-2,711,492.40M	2,117,486.83M	2,233,558.93M	80,465.56M	720,032.55M
(-) Net Interest Income After Taxes	4,576,461.54M	5,347,975.75M	5,530,532.05M	5,622,641.58M	6,612,484.55M	6,071,200.31M	4,983,400.21M	4,616,471.93M	5,116,697.20M	4,568,294.35M	4,722,651.54M	3,804,789.01M	3,313,645.34M	3,718,329.81M	2,909,781.22M	2,235,410.07M	1,926,670.26M	1,513,407.42M	1,154,742.84M	769,480.06M	655,195.45M
Net Debt Issuance	-464,869.00M	3,239,473.00M	3,061,461.00M	1,873,562.00M	5,530,794.00M	1,025,810.00M	3,257,056.00M	2,330,867.00M	3,466,568.00M	4,931,639.00M	399,438.00M	-21,873.00M	-543,848.00M	93,177.00M	-292,839.00M	1,161,413.00M	1,484.00M	38,215.00M	-24,810.00M	-293,780.00M	990,376.00M
Levered Free Cash Flow	3,694,852.39M	3,262,826.13M	4,674,576.94M	1,880,108.11M	5,608,213.36M	1,026,448.64M	3,166,390.65M	2,136,706.06M	2,965,686.06M	4,508,517.68M	143,232.23M	-23,028.50M	-425,894.94M	-77,887.13M	-600,636.81M	-279,817.77M	-4,636,678.66M	642,294.41M	1,054,006.08M	-982,794.50M	1,055,213.10M