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Mirgor S.A. C
Buy or Sell?

I guess you are interested in Mirgor S.A. C. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's start. I'm going to help you getting a better view of Mirgor S.A. C. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Mirgor S.A. C even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Mirgor S.A. C is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Mirgor S.A. C. The closing price on 2022-09-23 was ARS3,892 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Daily chart of Mirgor S.A. C
Mirgor S.A. C Daily Candlestick Chart

1.1. Profitability of Mirgor S.A. C.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin
  • Measures how much profit a company generates for each dollar of revenue.
  • Above 10% is considered healthy depending on the industry.
  • A net profit margin of 25% means that $0,25 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Mirgor S.A. C:

  • The MRQ is 3.5%. Very low, is it enough? Compare to industry. -1
  • The TTM is 2.6%. Very low, is it enough? Compare to industry. -1
Trends
Current periodCompared to+/- 
MRQ3.5%TTM2.6%+0.9%
TTM2.6%YOY7.0%-4.4%
TTM2.6%5Y3.3%-0.7%
5Y3.3%10Y3.5%-0.2%
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ3.5%3.8%-0.3%
TTM2.6%3.3%-0.7%
YOY7.0%3.8%+3.2%
5Y3.3%2.8%+0.5%
10Y3.5%2.7%+0.8%
1.1.2. Return on Assets
  • Shows how profitable a company is in relation to its total assets.
  • Above 5% is considered healthy depending on the industry.
  • 5% return on assets means the company generated $0,05 for each $1 in assets.

Let's take a look of the Return on Assets trends of Mirgor S.A. C:

  • The MRQ is 1.8%. Neutral. Compare to industry.
  • The TTM is 1.4%. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
MRQ1.8%TTM1.4%+0.4%
TTM1.4%YOY4.3%-2.8%
TTM1.4%5Y2.1%-0.6%
5Y2.1%10Y2.0%+0.0%
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8%0.8%+1.0%
TTM1.4%0.8%+0.6%
YOY4.3%1.0%+3.3%
5Y2.1%0.9%+1.2%
10Y2.0%0.8%+1.2%
1.1.3. Return On Equity
  • Measures the profit in relation to shareholders equity (total assets - total liabilities).
  • Above 15%-20% is considered healthy depending on the industry
  • 10% return on equity means the company generated $0,1 for each $1 the owners (shareholders) invested.

Let's take a look of the Return On Equity trends of Mirgor S.A. C:

  • The MRQ is 6.3%. Neutral. Compare to industry.
  • The TTM is 4.3%. Bad. -1
Trends
Current periodCompared to+/- 
MRQ6.3%TTM4.3%+2.0%
TTM4.3%YOY13.7%-9.4%
TTM4.3%5Y6.9%-2.6%
5Y6.9%10Y8.0%-1.1%
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ6.3%1.8%+4.5%
TTM4.3%2.1%+2.2%
YOY13.7%2.5%+11.2%
5Y6.9%2.0%+4.9%
10Y8.0%2.1%+5.9%

1.2. Operating Efficiency of Mirgor S.A. C.

1.2. Operating Efficiency
1.2.1. Operating Margin
  • Measures how much profit a company makes for each $1 of sales after paying variable costs (production costs, wages) but before taxes.
  • Above 15% is considered healthy depending on the industry
  • An operating margin of 20% means the company generated $0,2 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Mirgor S.A. C:

  • The MRQ is 9.4%. Neutral. Compare to industry.
  • The TTM is 6.8%. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
MRQ9.4%TTM6.8%+2.6%
TTM6.8%YOY10.0%-3.3%
TTM6.8%5Y5.4%+1.4%
5Y5.4%10Y2.7%+2.7%
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ9.4%4.2%+5.2%
TTM6.8%3.8%+3.0%
YOY10.0%4.8%+5.2%
5Y5.4%3.7%+1.7%
10Y2.7%3.4%-0.7%
1.2.2. Operating Ratio
  • Measures how efficient the company is creating its products or services while keeping operating costs low.
  • Below 1 is considered healthy depending on the industry
  • An operation ratio of 0.5 means that the operating costs are $0,5 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Mirgor S.A. C:

  • The MRQ is 1.699. Very good. +2
  • The TTM is 1.744. Very good. +2
Trends
Current periodCompared to+/- 
MRQ1.699TTM1.744-0.045
TTM1.744YOY1.690+0.054
TTM1.7445Y1.502+0.242
5Y1.50210Y1.180+0.322
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6991.664+0.035
TTM1.7441.562+0.182
YOY1.6901.566+0.124
5Y1.5021.533-0.031
10Y1.1801.290-0.110

1.3. Liquidity of Mirgor S.A. C.

1.3. Liquidity
1.3.1. Current Ratio
  • Measures if the company is able to pay off short-term debts (debts due within 1 year).
  • Above 1 is considered healthy depending on the industry.
  • A current ratio of 1.5 means the company has $1.5 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Mirgor S.A. C:

  • The MRQ is 1.249. Neutral. Compare to industry.
  • The TTM is 1.369. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
MRQ1.249TTM1.369-0.120
TTM1.369YOY1.303+0.066
TTM1.3695Y0.951+0.418
5Y0.95110Y0.476+0.476
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2491.516-0.267
TTM1.3691.535-0.166
YOY1.3031.594-0.291
5Y0.9511.609-0.658
10Y0.4761.413-0.937
1.3.2. Quick Ratio
  • Measures if the company is able to pay short-term debts (debts due within 1 year). But only uses the most liquid assets (cash, marketable securities and accounts retrievable).
  • Above 1 is considered healthy depending on the industry.
  • A quick ratio of 0,8 means the company can pay off $0,8 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Mirgor S.A. C:

  • The MRQ is 0.410. Warning. Indication that company may not be able to fully pay off its current liabilities in the short term. -1
  • The TTM is 0.448. Warning. Indication that company may not be able to fully pay off its current liabilities in the short term. -1
Trends
Current periodCompared to+/- 
MRQ0.410TTM0.448-0.038
TTM0.448YOY0.415+0.032
TTM0.4485Y0.438+0.010
5Y0.43810Y0.517-0.080
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4100.567-0.157
TTM0.4480.598-0.150
YOY0.4150.696-0.281
5Y0.4380.687-0.249
10Y0.5170.690-0.173

1.4. Solvency of Mirgor S.A. C.

1.3. Liquidity
1.4.1. Debt To Asset Ratio
  • Shows if the company is owned by creditors or shareholders.
  • Below 1 (100%) is considered healthy depending on the industry
  • A debt to asset ratio of 0.45 (45%) means that the company is financed with 45% credit and 55% is financed by it's owners (shareholders).

Let's take a look of the Debt To Asset Ratio trends of Mirgor S.A. C:

  • The MRQ is 0.715. Healty. +1
  • The TTM is 0.644. Healty. +1
Trends
Current periodCompared to+/- 
MRQ0.715TTM0.644+0.071
TTM0.644YOY0.689-0.044
TTM0.6445Y0.719-0.075
5Y0.71910Y0.740-0.021
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7150.546+0.169
TTM0.6440.530+0.114
YOY0.6890.534+0.155
5Y0.7190.548+0.171
10Y0.7400.529+0.211
1.4.2. Debt to Equity Ratio
  • Measures the total debt versus the total shareholders equity (total assets - total liabilities).
  • Below 2 is considered healthy depending on the industry.
  • A debt to equity ratio of 0.84 means that company has $0,84 debt for each $1 in equity.

Let's take a look of the Debt to Equity Ratio trends of Mirgor S.A. C:

  • The MRQ is 2.508. Bad. To much debt compared to equity. -1
  • The TTM is 1.858. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
MRQ2.508TTM1.858+0.650
TTM1.858YOY2.218-0.360
TTM1.8585Y2.891-1.033
5Y2.89110Y3.143-0.253
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5081.157+1.351
TTM1.8581.131+0.727
YOY2.2181.169+1.049
5Y2.8911.182+1.709
10Y3.1431.093+2.050

2. Market Valuation of Mirgor S.A. C

2. Earnings
2.1. Price to Earnings Ratio
  • Compares the company's stock price to its earnings.
  • Above 15 is considered overpriced but is hard to determine (always use industry average).
  • A PE ratio of 15 means the investor is paying $15 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Mirgor S.A. C:

  • The EOD is 9.496. Good. +1
  • The MRQ is 7.743. Good. +1
  • The TTM is 7.778. Good. +1
Trends
Current periodCompared to+/- 
EOD9.496MRQ7.743+1.753
MRQ7.743TTM7.778-0.035
TTM7.778YOY4.294+3.484
TTM7.7785Y0.948+6.830
5Y0.94810Y11.992-11.044
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
EOD9.4966.936+2.560
MRQ7.7437.723+0.020
TTM7.7787.138+0.640
YOY4.2947.605-3.311
5Y0.9487.531-6.583
10Y11.9928.934+3.058
2.2. Price/Earnings-to-Growth Ratio

Let's take a look of the Price/Earnings-to-Growth Ratio trends of Mirgor S.A. C:

  • The MRQ is -0.219. Very Bad. -2
  • The TTM is -0.159. Very Bad. -2
Trends
Current periodCompared to+/- 
MRQ-0.219TTM-0.159-0.059
TTM-0.159YOY0.017-0.177
TTM-0.1595Y0.055-0.215
5Y0.05510Y0.260-0.205
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.219--0.219
TTM-0.1590.002-0.161
YOY0.0170.012+0.005
5Y0.0550.017+0.038
10Y0.2600.017+0.243

2. Books
2.3. Price to Book Ratio
  • Shows if the stock is under or overvalued compared to it's book value (total assets - total liabilities).
  • At or below 1 is considered healthy
  • A PB ratio of 3 means the investor is paying $3 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Mirgor S.A. C:

  • The EOD is 1.232. Good. +1
  • The MRQ is 1.004. Good. +1
  • The TTM is 1.604. Good. +1
Trends
Current periodCompared to+/- 
EOD1.232MRQ1.004+0.227
MRQ1.004TTM1.604-0.600
TTM1.604YOY1.352+0.252
TTM1.6045Y1.001+0.603
5Y1.00110Y0.500+0.500
Compared to industry (Consumer Electronics)
PeriodCompanyIndustry (mean)+/- 
EOD1.2321.424-0.192
MRQ1.0041.480-0.476
TTM1.6041.714-0.110
YOY1.3521.620-0.268
5Y1.0011.517-0.516
10Y0.5001.112-0.612

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Mirgor S.A. C compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Per Share--3159.9282259.669+40%1169.544+170%829.883+281%414.941+662%
Current Ratio--1.2491.369-9%1.303-4%0.951+31%0.476+163%
Debt To Asset Ratio--0.7150.644+11%0.689+4%0.719-1%0.740-3%
Debt To Equity Ratio--2.5081.858+35%2.218+13%2.891-13%3.143-20%
Eps--198.166102.448+93%158.504+25%58.262+240%31.332+532%
Gross Profit Margin--1.0001.0000%1.0000%0.900+11%0.925+8%
Net Profit Margin--0.0350.026+36%0.070-50%0.033+7%0.035+2%
Operating Margin--0.0940.068+38%0.100-7%0.054+74%0.027+247%
Operating Ratio--1.6991.744-3%1.690+1%1.502+13%1.180+44%
Pb Ratio1.232+18%1.0041.604-37%1.352-26%1.001+0%0.500+101%
Pe Ratio9.496+18%7.7437.7780%4.294+80%0.948+717%11.992-35%
Peg Ratio---0.219-0.159-27%0.017-1373%0.055-497%0.260-184%
Price Per Share3891.500+18%3173.0003440.250-8%1553.625+104%1254.846+153%816.151+289%
Quick Ratio--0.4100.448-8%0.415-1%0.438-6%0.517-21%
Return On Assets--0.0180.014+25%0.043-58%0.021-13%0.020-13%
Return On Equity--0.0630.043+47%0.137-54%0.069-9%0.080-21%
 EOD+0 -3MRQTTM+11 -4YOY+4 -115Y+9 -710Y+10 -6

3.2. Fundamental Score

Let's check the fundamental score of Mirgor S.A. C based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-159.496
Price to Book Ratio (EOD)Between0-11.232
Net Profit Margin (MRQ)Greater than00.035
Operating Margin (MRQ)Greater than00.094
Quick Ratio (MRQ)Greater than10.410
Current Ratio (MRQ)Greater than11.249
Debt To Asset Ratio (MRQ)Less than10.715
Debt to Equity Ratio (MRQ)Less than12.508
Return On Equity (MRQ)Greater than0.150.063
Return on Assets (MRQ)Greater than0.050.018
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Mirgor S.A. C based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5035.271
Ma 20Greater thanMa 504,135.125
Ma 50Greater thanMa 1004,081.260
Ma 100Greater thanMa 2003,683.155
OpenGreater thanClose3,999.000
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2021-06-302021-09-302021-12-312022-03-312022-06-30
Tax Provision  108,586112,107220,693-169,84150,85278,602129,454-295,078-165,624
Income Tax Expense  127,92692,767220,693-169,84150,852101,000151,852-317,476-165,624



Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in ARS. All numbers in thousands.

Summary
Total Assets144,098,607
Total Liabilities103,019,544
Total Stockholder Equity41,079,063
 As reported
Total Liabilities 103,019,544
Total Stockholder Equity+ 41,079,063
Total Assets = 144,098,607

Assets

Total Assets144,098,607
Total Current Assets127,089,942
Long-term Assets127,089,942
Total Current Assets
Cash And Cash Equivalents 16,863,042
Short-term Investments 908,222
Net Receivables 40,810,013
Inventory 64,514,814
Other Current Assets 3,993,851
Total Current Assets  (as reported)127,089,942
Total Current Assets  (calculated)127,089,942
+/-0
Long-term Assets
Property Plant Equipment 14,271,281
Intangible Assets 762,658
Other Assets 123,195
Long-term Assets  (as reported)17,008,665
Long-term Assets  (calculated)15,157,134
+/- 1,851,531

Liabilities & Shareholders' Equity

Total Current Liabilities101,749,815
Long-term Liabilities1,269,729
Total Stockholder Equity41,079,063
Total Current Liabilities
Short Long Term Debt 98,507
Accounts payable 90,411,279
Other Current Liabilities 4,897,962
Total Current Liabilities  (as reported)101,749,815
Total Current Liabilities  (calculated)95,407,748
+/- 6,342,067
Long-term Liabilities
Other Liabilities 960,102
Long-term Liabilities  (as reported)1,269,729
Long-term Liabilities  (calculated)960,102
+/- 309,627
Total Stockholder Equity
Common Stock18,000
Retained Earnings 43,031,823
Other Stockholders Equity -432,968
Total Stockholder Equity (as reported)41,079,063
Total Stockholder Equity (calculated)42,616,855
+/- 1,537,792
Other
Capital Stock18,000
Common Stock Shares Outstanding 13,000
Net Invested Capital 41,177,570
Net Tangible Assets 40,316,405
Net Working Capital 25,340,127



Balance Sheet

Currency in ARS. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-31
> Total Assets 
71,668
71,576
70,254
65,107
63,401
62,216
57,935
53,560
80,637
113,994
119,720
106,604
101,944
94,102
96,239
99,940
101,628
109,910
123,650
126,237
114,300
134,233
162,415
188,266
179,430
221,598
303,772
304,891
255,391
328,913
476,835
471,952
447,398
600,953
649,101
588,295
447,199
383,704
458,148
469,710
462,900
548,637
952,607
974,304
997,896
1,111,898
1,443,335
1,377,821
1,479,280
1,639,174
1,664,853
1,489,512
1,426,941
1,726,132
2,294,683
2,322,873
2,627,067
2,179,328
2,980,016
3,132,256
2,843,410
2,824,309
5,698,352
8,309,876
7,807,363
8,226,114
8,564,078
7,299,547
7,581,789
8,125,235
9,223,152
10,698,985
11,900,068
15,881,907
15,948,721
17,068,028
17,045,696
19,778,876
27,629,158
26,589,964
29,675,402
32,281,855
36,608,573
55,407,163
64,205,582
81,516,303
77,108,818
73,192,848
88,881,492
144,098,607
144,098,60788,881,49273,192,84877,108,81881,516,30364,205,58255,407,16336,608,57332,281,85529,675,40226,589,96427,629,15819,778,87617,045,69617,068,02815,948,72115,881,90711,900,06810,698,9859,223,1528,125,2357,581,7897,299,5478,564,0788,226,1147,807,3638,309,8765,698,3522,824,3092,843,4103,132,2562,980,0162,179,3282,627,0672,322,8732,294,6831,726,1321,426,9411,489,5121,664,8531,639,1741,479,2801,377,8211,443,3351,111,898997,896974,304952,607548,637462,900469,710458,148383,704447,199588,295649,101600,953447,398471,952476,835328,913255,391304,891303,772221,598179,430188,266162,415134,233114,300126,237123,650109,910101,62899,94096,23994,102101,944106,604119,720113,99480,63753,56057,93562,21663,40165,10770,25471,57671,668
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,339,105
13,610,967
16,141,836
22,586,539
22,416,690
25,297,368
28,002,553
31,940,754
48,426,896
56,423,502
72,571,003
68,043,769
61,808,761
75,086,390
127,089,942
127,089,94275,086,39061,808,76168,043,76972,571,00356,423,50248,426,89631,940,75428,002,55325,297,36822,416,69022,586,53916,141,83613,610,96714,339,105000000000000000000000000000000000000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
290,787
352,241
1,152,790
1,645,296
2,374,745
1,396,087
2,347,699
2,739,291
9,335,126
6,912,309
21,552,108
14,809,877
9,311,097
12,006,113
16,863,042
16,863,04212,006,1139,311,09714,809,87721,552,1086,912,3099,335,1262,739,2912,347,6991,396,0872,374,7451,645,2961,152,790352,241290,787000000000000000000000000000000000000000000000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
145,975
270,284
252,298
54,491
981,716
1,050,918
0
0
972,637
956,237
1,384,713
2,007,959
1,499,861
1,466,698
908,222
908,2221,466,6981,499,8612,007,9591,384,713956,237972,637001,050,918981,71654,491252,298270,284145,975000000000000000000000000000000000000000000000000000000000000000000000000000
       Net Receivables 
18,625
17,326
17,190
17,206
16,384
14,579
12,872
8,240
12,496
19,871
20,326
12,825
16,416
13,382
12,830
17,066
19,194
18,384
26,200
37,918
27,767
33,921
49,497
81,958
54,493
77,608
126,374
138,167
84,763
106,729
165,236
215,070
116,565
180,118
223,824
236,761
142,444
123,466
146,088
187,197
126,508
150,754
356,087
433,055
407,391
500,614
728,431
609,338
584,637
756,810
624,931
788,534
635,040
801,999
1,097,042
1,254,682
1,159,579
980,463
1,476,076
1,663,509
1,142,218
997,580
2,127,811
3,001,077
2,920,300
3,320,002
3,572,291
3,078,265
3,178,885
4,074,094
4,548,377
4,666,360
5,036,093
6,124,072
4,657,291
5,083,236
5,550,801
5,914,807
6,553,222
7,338,433
6,230,781
5,173,034
8,503,057
18,954,175
19,820,616
15,347,539
18,905,402
17,896,351
25,433,648
40,810,013
40,810,01325,433,64817,896,35118,905,40215,347,53919,820,61618,954,1758,503,0575,173,0346,230,7817,338,4336,553,2225,914,8075,550,8015,083,2364,657,2916,124,0725,036,0934,666,3604,548,3774,074,0943,178,8853,078,2653,572,2913,320,0022,920,3003,001,0772,127,811997,5801,142,2181,663,5091,476,076980,4631,159,5791,254,6821,097,042801,999635,040788,534624,931756,810584,637609,338728,431500,614407,391433,055356,087150,754126,508187,197146,088123,466142,444236,761223,824180,118116,565215,070165,236106,72984,763138,167126,37477,60854,49381,95849,49733,92127,76737,91826,20018,38419,19417,06612,83013,38216,41612,82520,32619,87112,4968,24012,87214,57916,38417,20617,19017,32618,625
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,289
3,042
2,509
1,596
907
1,668
1,366
2,228
2,619
2,467
1,211
585
6,619
6,253
4,121
5,659
11,251
5,502
6,811
6,562
32,480
0
0
11,120
0
0
0
19,891
0
0
0
25,224
0
0
0
100,737
0
0
108,125
65,091
91,849
95,078
62,180
378,091
126,016
337,893
482,198
54,431
118,070
78,891
69,261
371,150
437,370
705,284
451,416
624,326
1,870,312
1,601,736
1,540,753
1,598,344
1,419,916
3,993,851
3,993,8511,419,9161,598,3441,540,7531,601,7361,870,312624,326451,416705,284437,370371,15069,26178,891118,07054,431482,198337,893126,016378,09162,18095,07891,84965,091108,12500100,73700025,22400019,89100011,1200032,4806,5626,8115,50211,2515,6594,1216,2536,6195851,2112,4672,6192,2281,3661,6689071,5962,5093,0422,2890000000000000000000000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,434,729
3,637,040
5,042,619
4,173,274
4,378,034
4,279,302
4,667,819
6,980,267
7,782,080
8,945,300
9,065,049
11,384,087
13,795,102
17,008,665
17,008,66513,795,10211,384,0879,065,0498,945,3007,782,0806,980,2674,667,8194,279,3024,378,0344,173,2745,042,6193,637,0403,434,7290000000000000000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
20,250
19,896
19,513
19,216
18,817
18,432
18,015
17,553
16,994
31,610
34,368
27,283
26,278
25,129
24,004
22,822
21,806
21,363
20,313
19,464
18,766
18,668
18,094
17,909
18,285
23,576
24,576
35,527
35,347
45,758
49,551
51,580
64,867
74,179
78,543
78,144
77,716
79,261
84,887
84,521
87,020
94,451
101,234
101,025
100,280
98,177
112,158
129,076
109,103
125,487
127,516
124,836
139,706
155,051
158,370
171,887
182,947
231,048
253,442
263,404
292,050
341,780
339,453
393,741
432,329
524,491
511,361
492,252
493,936
462,134
462,154
443,267
487,211
518,297
597,825
1,233,961
1,740,519
1,926,522
2,980,877
3,242,950
3,368,918
3,557,268
3,856,538
5,026,798
5,618,759
6,243,620
6,623,970
8,992,914
11,371,865
14,271,281
14,271,28111,371,8658,992,9146,623,9706,243,6205,618,7595,026,7983,856,5383,557,2683,368,9183,242,9502,980,8771,926,5221,740,5191,233,961597,825518,297487,211443,267462,154462,134493,936492,252511,361524,491432,329393,741339,453341,780292,050263,404253,442231,048182,947171,887158,370155,051139,706124,836127,516125,487109,103129,076112,15898,177100,280101,025101,23494,45187,02084,52184,88779,26177,71678,14478,54374,17964,86751,58049,55145,75835,34735,52724,57623,57618,28517,90918,09418,66818,76619,46420,31321,36321,80622,82224,00425,12926,27827,28334,36831,61016,99417,55318,01518,43218,81719,21619,51319,89620,250
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
521
521
521
521
521
521
521
521
840
835
830
824
819
813
808
803
798
792
786
781
766
766
0
0
766
0
0
0
766
0
766
766
766
766
766
766
766
766
766
766
766
766
766
766
766
766
766
766
508
568
622
700
781
842
0
0
0
0
0
0
0
0
0
000000000842781700622568508766766766766766766766766766766766766766766766766766766076600076600766766781786792798803808813819824830835840521521521521521521521521000000000000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
477,309
508,041
534,536
596,320
742,126
0
0
0
0
0
0
0
0
0
0
0000000000742,126596,320534,536508,041477,309000000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
749
647
573
483
479
404
375
352
325
529
483
364
252
138
83
33
440
395
396
356
316
276
236
195
155
115
75
556
528
524
860
834
808
782
757
1,050
1,015
1,517
1,935
1,838
1,802
2,220
2,051
1,647
1,611
1,543
1,507
1,461
1,378
1,324
1,283
1,244
1,192
1,122
1,060
1,013
967
4,498
4,883
10,304
15,345
22,217
26,536
40,728
44,556
42,218
40,851
39,319
36,477
33,676
31,403
28,779
26,071
36,186
32,322
60,125
63,839
85,721
92,840
84,009
74,599
60,408
49,984
112,494
115,433
83,671
43,219
98,503
139,733
762,658
762,658139,73398,50343,21983,671115,433112,49449,98460,40874,59984,00992,84085,72163,83960,12532,32236,18626,07128,77931,40333,67636,47739,31940,85142,21844,55640,72826,53622,21715,34510,3044,8834,4989671,0131,0601,1221,1921,2441,2831,3241,3781,4611,5071,5431,6111,6472,0512,2201,8021,8381,9351,5171,0151,050757782808834860524528556751151551952362763163563963954403383138252364483529325352375404479483573647749
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1
2
4,258
4,173,274
5,744
13
34,668
14,584
21,239
28,957
39,057
3,427
4,373
4,362
4,3624,3733,42739,05728,95721,23914,58434,668135,7444,173,2744,2582-10000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
28,702
28,266
28,646
26,121
26,185
25,619
21,908
20,144
46,316
57,632
58,064
46,435
44,515
38,774
41,641
44,545
45,872
53,452
64,798
63,541
50,893
66,809
88,634
105,847
90,871
125,103
195,957
182,464
124,907
190,859
320,658
294,252
262,012
402,036
436,534
382,152
255,719
197,182
268,177
273,656
277,713
368,051
750,822
747,501
771,892
873,526
1,170,154
1,069,755
1,174,569
1,316,325
1,301,351
1,043,424
961,892
1,227,214
1,727,638
1,677,526
1,962,725
1,495,922
2,286,525
2,349,904
2,097,646
2,083,845
4,862,954
7,022,947
6,438,687
6,778,445
6,965,211
5,624,887
5,791,457
6,154,119
6,940,630
8,165,654
9,096,200
13,381,237
14,245,289
12,641,536
12,583,526
13,987,182
21,402,343
17,984,319
20,459,005
22,859,549
24,555,327
38,310,047
44,285,484
57,326,516
49,526,006
44,327,668
54,603,850
103,019,544
103,019,54454,603,85044,327,66849,526,00657,326,51644,285,48438,310,04724,555,32722,859,54920,459,00517,984,31921,402,34313,987,18212,583,52612,641,53614,245,28913,381,2379,096,2008,165,6546,940,6306,154,1195,791,4575,624,8876,965,2116,778,4456,438,6877,022,9474,862,9542,083,8452,097,6462,349,9042,286,5251,495,9221,962,7251,677,5261,727,6381,227,214961,8921,043,4241,301,3511,316,3251,174,5691,069,7551,170,154873,526771,892747,501750,822368,051277,713273,656268,177197,182255,719382,152436,534402,036262,012294,252320,658190,859124,907182,464195,957125,10390,871105,84788,63466,80950,89363,54164,79853,45245,87244,54541,64138,77444,51546,43558,06457,63246,31620,14421,90825,61926,18526,12128,64628,26628,702
   > Total Current Liabilities 
28,702
28,265
28,646
26,121
26,185
25,619
21,908
20,144
46,316
51,643
52,327
29,723
31,423
23,463
28,652
33,133
38,951
47,004
58,575
57,509
47,188
63,311
85,661
102,746
90,102
122,124
193,904
177,025
119,055
185,714
316,730
289,485
256,831
397,649
432,660
378,959
252,750
194,872
265,739
271,579
275,496
367,423
749,914
747,067
696,793
757,591
1,019,213
953,807
1,096,276
1,228,893
1,231,423
959,502
914,726
1,176,261
1,665,352
1,565,153
1,906,516
1,451,183
2,250,441
2,328,225
2,078,373
2,058,533
4,769,314
7,022,090
6,437,836
6,777,599
6,964,371
5,624,045
5,790,643
6,152,953
6,939,471
8,164,503
9,094,803
13,379,825
14,243,898
12,629,159
12,307,450
13,710,816
20,837,652
17,367,557
19,817,832
22,119,283
23,935,233
37,477,230
43,456,106
56,418,095
48,570,740
43,425,330
53,486,804
101,749,815
101,749,81553,486,80443,425,33048,570,74056,418,09543,456,10637,477,23023,935,23322,119,28319,817,83217,367,55720,837,65213,710,81612,307,45012,629,15914,243,89813,379,8259,094,8038,164,5036,939,4716,152,9535,790,6435,624,0456,964,3716,777,5996,437,8367,022,0904,769,3142,058,5332,078,3732,328,2252,250,4411,451,1831,906,5161,565,1531,665,3521,176,261914,726959,5021,231,4231,228,8931,096,276953,8071,019,213757,591696,793747,067749,914367,423275,496271,579265,739194,872252,750378,959432,660397,649256,831289,485316,730185,714119,055177,025193,904122,12490,102102,74685,66163,31147,18857,50958,57547,00438,95133,13328,65223,46331,42329,72352,32751,64346,31620,14421,90825,61926,18526,12128,64628,26528,702
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
90,754
0
83,016
92,884
0
0
0
0
0
0
0
0
0
0
000000000092,88483,016090,7540000000000000000000000000000000000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
90,754
0
83,016
92,884
54,613
134,243
99,534
96,648
78,662
80,722
77,043
87,404
70,769
98,507
98,50770,76987,40477,04380,72278,66296,64899,534134,24354,61392,88483,016090,7540000000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
20,896
25,426
26,184
24,132
24,240
23,756
20,050
5,335
14,244
17,226
18,670
11,276
13,045
10,276
14,742
20,239
22,732
28,213
37,681
36,745
33,538
40,538
65,212
82,364
73,835
97,757
161,180
138,989
86,763
159,752
257,982
232,225
155,000
237,418
236,913
192,753
94,030
85,445
160,616
155,861
140,627
193,138
530,652
525,822
513,906
579,937
850,338
770,902
886,606
1,051,880
1,081,932
762,167
638,104
828,183
1,472,277
1,193,991
1,637,482
1,114,798
1,929,331
1,799,056
1,386,774
1,172,595
2,139,424
5,889,534
4,804,794
5,496,816
5,265,118
4,325,966
4,434,187
4,749,007
5,766,612
6,742,459
7,476,289
12,159,897
13,265,474
11,240,498
10,751,752
11,877,693
18,015,318
15,425,513
18,255,065
20,442,453
21,313,679
33,507,131
38,831,114
51,807,970
41,912,976
35,836,142
45,635,722
90,411,279
90,411,27945,635,72235,836,14241,912,97651,807,97038,831,11433,507,13121,313,67920,442,45318,255,06515,425,51318,015,31811,877,69310,751,75211,240,49813,265,47412,159,8977,476,2896,742,4595,766,6124,749,0074,434,1874,325,9665,265,1185,496,8164,804,7945,889,5342,139,4241,172,5951,386,7741,799,0561,929,3311,114,7981,637,4821,193,9911,472,277828,183638,104762,1671,081,9321,051,880886,606770,902850,338579,937513,906525,822530,652193,138140,627155,861160,61685,44594,030192,753236,913237,418155,000232,225257,982159,75286,763138,989161,18097,75773,83582,36465,21240,53833,53836,74537,68128,21322,73220,23914,74210,27613,04511,27618,67017,22614,2445,33520,05023,75624,24024,13226,18425,42620,896
       Other Current Liabilities 
2,028
2,096
2,461
1,989
1,945
1,863
1,858
1,400
6,641
5,529
6,883
9,058
8,631
4,435
5,973
7,325
7,424
8,516
8,443
10,087
8,099
16,737
14,138
17,960
8,473
9,707
13,001
15,771
15,780
15,557
19,554
20,390
18,392
19,183
25,664
35,126
31,460
24,805
22,706
32,421
23,790
31,116
43,627
40,928
47,885
43,486
59,390
57,705
54,219
0
4,999
84,413
148,985
199,857
6,147
171,435
12,674
13,555
14,388
192,756
347,979
415,465
2,375,280
772,386
953,182
269,598
368,563
373,378
506,530
483,803
593,682
909,185
1,058,902
815,944
978,424
622,321
781,476
1,020,987
1,437,139
435,132
257,386
184,671
233,102
496,388
432,786
797,558
1,838,884
1,596,688
1,301,566
4,897,962
4,897,9621,301,5661,596,6881,838,884797,558432,786496,388233,102184,671257,386435,1321,437,1391,020,987781,476622,321978,424815,9441,058,902909,185593,682483,803506,530373,378368,563269,598953,182772,3862,375,280415,465347,979192,75614,38813,55512,674171,4356,147199,857148,98584,4134,999054,21957,70559,39043,48647,88540,92843,62731,11623,79032,42122,70624,80531,46035,12625,66419,18318,39220,39019,55415,55715,78015,77113,0019,7078,47317,96014,13816,7378,09910,0878,4438,5167,4247,3255,9734,4358,6319,0586,8835,5296,6411,4001,8581,8631,9451,9892,4612,0962,028
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
276,076
276,366
564,691
616,762
641,173
740,266
620,094
832,817
829,378
908,421
955,266
902,338
1,117,046
1,269,729
1,269,7291,117,046902,338955,266908,421829,378832,817620,094740,266641,173616,762564,691276,366276,0760000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
4,886
3,273
0
0
3,892
2,260
1,761
0
0
0
0
0
0
0
0
769
1,926
541
406
271
135
0
0
0
0
0
0
0
0
0
0
99
99
99
99
99
99
99
99
99
99
100
99
99
941
930
922
913
99
99
99
99
99
99
99
99
99
99
106
83
83
83
83
83
104
99
12,377
11,767
16,806
170,203
312,536
319,003
443,023
380,139
534,349
501,000
578,553
632,084
648,866
860,759
960,102
960,102860,759648,866632,084578,553501,000534,349380,139443,023319,003312,536170,20316,80611,76712,3779910483838383831069999999999999999999991392293094199991009999999999999999999900000000001352714065411,926769000000001,7612,2603,892003,2734,886000000000
> Total Stockholder Equity
42,963
43,308
41,606
38,984
37,213
36,594
36,024
33,414
34,318
56,358
61,652
60,165
57,426
55,324
54,593
55,391
55,752
56,454
58,847
62,691
63,402
67,418
73,775
82,412
88,552
96,485
107,803
122,415
130,473
138,042
156,162
177,684
185,369
198,898
212,547
206,124
191,460
186,504
189,953
196,037
185,173
180,575
201,773
226,785
225,984
238,348
273,152
308,022
304,663
322,789
363,432
445,998
464,944
498,801
566,908
645,177
664,149
683,192
693,264
782,097
745,505
740,190
835,083
1,286,370
1,368,086
1,446,989
1,598,113
1,673,854
1,789,459
1,970,145
2,281,467
2,532,136
2,802,585
2,499,140
1,701,749
4,424,634
4,460,034
5,789,365
6,223,943
8,602,259
9,212,786
9,418,433
12,048,690
17,097,116
19,920,098
24,189,787
27,582,812
28,865,180
34,277,642
41,079,063
41,079,06334,277,64228,865,18027,582,81224,189,78719,920,09817,097,11612,048,6909,418,4339,212,7868,602,2596,223,9435,789,3654,460,0344,424,6341,701,7492,499,1402,802,5852,532,1362,281,4671,970,1451,789,4591,673,8541,598,1131,446,9891,368,0861,286,370835,083740,190745,505782,097693,264683,192664,149645,177566,908498,801464,944445,998363,432322,789304,663308,022273,152238,348225,984226,785201,773180,575185,173196,037189,953186,504191,460206,124212,547198,898185,369177,684156,162138,042130,473122,415107,80396,48588,55282,41273,77567,41863,40262,69158,84756,45455,75255,39154,59355,32457,42660,16561,65256,35834,31833,41436,02436,59437,21338,98441,60643,30842,963
   Common Stock
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,000
18,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0004,0004,0004,0004,0004,0004,0004,0004,0004,0004,0004,0004,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,000
   Retained Earnings 
37,776
34,288
36,419
33,764
30,990
31,374
29,801
28,194
28,095
46,147
47,886
46,585
45,952
43,849
40,913
41,710
44,351
45,053
47,446
51,290
52,001
56,019
62,302
70,939
77,152
85,012
96,330
111,015
119,073
126,569
144,763
166,285
173,969
187,498
201,148
194,724
180,061
175,104
178,554
184,638
173,773
169,175
190,374
215,311
214,585
226,948
261,752
296,622
293,263
311,389
352,032
434,598
453,544
487,401
555,508
633,777
652,749
671,792
681,864
770,697
734,105
728,790
823,683
1,274,970
1,356,686
1,423,589
1,574,713
1,650,454
1,766,059
1,946,745
2,258,067
2,508,736
2,779,185
2,475,740
1,678,349
4,272,120
-575,116
582,547
409,554
8,456,306
9,055,449
9,252,639
11,870,205
16,898,414
19,695,659
24,094,696
27,941,888
29,937,785
35,902,939
43,031,823
43,031,82335,902,93929,937,78527,941,88824,094,69619,695,65916,898,41411,870,2059,252,6399,055,4498,456,306409,554582,547-575,1164,272,1201,678,3492,475,7402,779,1852,508,7362,258,0671,946,7451,766,0591,650,4541,574,7131,423,5891,356,6861,274,970823,683728,790734,105770,697681,864671,792652,749633,777555,508487,401453,544434,598352,032311,389293,263296,622261,752226,948214,585215,311190,374169,175173,773184,638178,554175,104180,061194,724201,148187,498173,969166,285144,763126,569119,073111,01596,33085,01277,15270,93962,30256,01952,00151,29047,44645,05344,35141,71040,91343,84945,95246,58547,88646,14728,09528,19429,80131,37430,99033,76436,41934,28837,776
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
75,866
86,922
96,896
111,249
126,396
137,658
146,025
158,581
178,582
204,045
228,365
-130,368
-338,630
-360,437
-432,968
-432,968-360,437-338,630-130,368228,365204,045178,582158,581146,025137,658126,396111,24996,89686,92275,866000000000000000000000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in ARS. All numbers in thousands.




Cash Flow

Currency in ARS. All numbers in thousands.