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| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue | 81,461 | 97,671 | 103,262 | 105,925 |
| Net income | 5,061 | 7,189 | 7,886 | 9,797 |
| Gross margin | — | — | — | — |
| Operating margin | — | — | — | — |
| Net margin | 6.2% | 7.4% | 7.6% | 9.2% |
| EPS | 2.12 | 3.31 | 3.63 | 4.77 |
| Free cash flow | 8,307 | 3,517 | 11,991 | 21,924 |
| Net debt | -253,933 | -272,515 | -271,117 | -259,458 |
| P/E | — | — | — | — |
A what-if tool for a 5–10 year investor, not an answer: change the assumptions and see what they do.
DCF on free cash flow does not apply to banks and insurers: debt and loans are their raw material. Look at P/B, ROE and loan quality.