Karsten Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	247	272	136	104	95	148
Market Cap Growth	103.65%	100.27%	30.15%	9.84%	-35.93%	2.48%
Enterprise Value	597	628	540	568	657	663
Last Close Price	34.06	38.53	21.90	18.40	10.00	17.79
PE Ratio	4.01	3.86	1.15	2.48	-	2.58
PS Ratio	0.32	0.36	0.19	0.16	0.16	0.27
PB Ratio	3.08	3.58	24.84	-0.92	-0.61	-1.11
P/TBV Ratio	4.19	4.28	-	-	-	-
P/FCF Ratio	6.18	6.91	1.47	0.90	3.97	-
P/OCF Ratio	4.57	4.72	1.08	0.81	1.94	-
EV/Sales Ratio	0.78	0.83	0.77	0.85	1.07	1.21
EV/EBITDA Ratio	5.73	5.73	6.32	7.03	20.30	8.80
EV/EBIT Ratio	7.23	6.79	7.62	8.43	32.31	10.14
EV/FCF Ratio	14.94	15.94	5.85	4.90	27.46	-
Debt / Equity Ratio	5.14	5.51	81.13	-4.51	-3.66	-4.23
Debt / EBITDA Ratio	3.95	3.67	4.94	5.99	15.83	7.28
Debt / FCF Ratio	10.30	10.63	4.81	4.40	23.72	-
Net Debt / Equity Ratio	4.37	4.64	68.83	-4.02	-3.53	-4.14
Net Debt / EBITDA Ratio	3.51	3.22	4.41	5.63	16.93	7.36
Net Debt / FCF Ratio	8.76	8.94	4.08	3.92	22.90	-12.79
Asset Turnover	1.06	1.05	1.03	1.07	0.99	0.97
Inventory Turnover	1.95	2.17	2.10	2.02	1.84	1.95
Quick Ratio	1.03	1.16	1.07	1.03	0.81	0.83
Current Ratio	1.96	1.98	1.74	1.71	1.57	1.72
Return on Equity (ROE)	124.75%	173.15%	-	-	-	-
Return on Assets (ROA)	7.15%	8.01%	6.55%	6.75%	2.06%	7.17%
Return on Invested Capital (ROIC)	16.65%	19.92%	19.60%	16.84%	5.00%	18.08%
Return on Capital Employed (ROCE)	16.90%	18.90%	16.10%	17.70%	6.00%	17.60%
Earnings Yield	24.93%	25.92%	87.15%	40.39%	-22.25%	38.76%
FCF Yield	16.19%	14.48%	67.88%	111.06%	25.20%	-29.21%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.