GOL LINHAS AEREAS INTEL-ADR (GOL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GOL - US38045R2067 - ADR
2.715 USD
+0.08 (+3.23%)
Taking everything into account, GOL scores 3 out of 10 in our fundamental rating. GOL was compared to 21 industry peers in the Passenger Airlines industry. GOL may be in some trouble as it scores bad on both profitability and health. GOL has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
GOL had negative earnings in the past year.
GOL had a positive operating cash flow in the past year.
In the past 5 years GOL always reported negative net income.
GOL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of -20.89%, GOL is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
GOL has a Return On Invested Capital of 23.88%. This is amongst the best in the industry. GOL outperforms 96.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.89% | ||
| ROE | N/A | ||
| ROIC | 23.88% |
ROA(3y)-35.36%
ROA(5y)-23.46%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Operating Margin of GOL (7.05%) is better than 68.00% of its industry peers.
GOL's Operating Margin has declined in the last couple of years.
GOL has a Gross Margin of 23.37%. This is comparable to the rest of the industry: GOL outperforms 48.00% of its industry peers.
In the last couple of years the Gross Margin of GOL has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.05% | ||
| PM (TTM) | N/A | ||
| GM | 23.37% |
OM growth 3Y-43.65%
OM growth 5Y-22.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-10.87%
GM growth 5Y-5.85%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so GOL is creating value.
GOL has more shares outstanding than it did 1 year ago.
GOL has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -1.19, we must say that GOL is in the distress zone and has some risk of bankruptcy.
GOL has a Altman-Z score of -1.19. This is amonst the worse of the industry: GOL underperforms 80.00% of its industry peers.
The Debt to FCF ratio of GOL is 17.81, which is on the high side as it means it would take GOL, 17.81 years of fcf income to pay off all of its debts.
GOL has a Debt to FCF ratio of 17.81. This is in the better half of the industry: GOL outperforms 72.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 17.81 | ||
| Altman-Z | -1.19 |
ROIC/WACC2.04
WACC11.71%
2.3 Liquidity
GOL has a Current Ratio of 0.24. This is a bad value and indicates that GOL is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.24, GOL is doing worse than 84.00% of the companies in the same industry.
GOL has a Quick Ratio of 0.24. This is a bad value and indicates that GOL is not financially healthy enough and could expect problems in meeting its short term obligations.
GOL's Quick ratio of 0.18 is on the low side compared to the rest of the industry. GOL is outperformed by 84.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
The earnings per share for GOL have decreased strongly by -60.91% in the last year.
The Revenue has grown by 85.98% in the past year. This is a very strong growth!
GOL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.03% yearly.
EPS 1Y (TTM)-60.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-77.51%
Revenue 1Y (TTM)85.98%
Revenue growth 3Y3.11%
Revenue growth 5Y8.03%
Sales Q2Q%52.78%
3.2 Future
Based on estimates for the next years, GOL will show a very strong growth in Earnings Per Share. The EPS will grow by 40.47% on average per year.
Based on estimates for the next years, GOL will show a very strong growth in Revenue. The Revenue will grow by 94.46% on average per year.
EPS Next Y115.08%
EPS Next 2Y54.25%
EPS Next 3Y40.47%
EPS Next 5YN/A
Revenue Next Year529.76%
Revenue Next 2Y158.11%
Revenue Next 3Y94.46%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for GOL. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 39.79, which means the current valuation is very expensive for GOL.
The rest of the industry has a similar Price/Forward Earnings ratio as GOL.
GOL's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 39.79 |
4.2 Price Multiples
GOL's Enterprise Value to EBITDA ratio is in line with the industry average.
GOL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. GOL is cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.6 | ||
| EV/EBITDA | 14.48 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GOL's earnings are expected to grow with 40.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y54.25%
EPS Next 3Y40.47%
5. Dividend
5.1 Amount
GOL has a yearly dividend return of 0.02%, which is pretty low.
GOL's Dividend Yield is a higher than the industry average which is at 0.81.
With a Dividend Yield of 0.02, GOL pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.02% |
5.2 History
GOL is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y54.25%
EPS Next 3Y40.47%
NYSE:GOL (1/25/2024, 8:25:54 PM)
2.715
+0.08 (+3.23%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)
Earnings (Next)
Inst Owners0%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.34B
Revenue(TTM)16.90B
Net Income(TTM)-3.55B
Analysts42
Price Target3.34 (23.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.02% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2330.57%
Min EPS beat(2)1557.89%
Max EPS beat(2)3103.24%
EPS beat(4)2
Avg EPS beat(4)896.73%
Min EPS beat(4)-748.57%
Max EPS beat(4)3103.24%
EPS beat(8)4
Avg EPS beat(8)589.54%
EPS beat(12)5
Avg EPS beat(12)352.37%
EPS beat(16)5
Avg EPS beat(16)158.56%
Revenue beat(2)2
Avg Revenue beat(2)1.93%
Min Revenue beat(2)1.01%
Max Revenue beat(2)2.84%
Revenue beat(4)3
Avg Revenue beat(4)0.15%
Min Revenue beat(4)-4.24%
Max Revenue beat(4)2.84%
Revenue beat(8)5
Avg Revenue beat(8)-4.55%
Revenue beat(12)5
Avg Revenue beat(12)-8.65%
Revenue beat(16)6
Avg Revenue beat(16)-6.81%
PT rev (1m)-2.67%
PT rev (3m)-5.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.01%
EPS NY rev (1m)-67.65%
EPS NY rev (3m)-64.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.83%
Revenue NY rev (3m)-2.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 39.79 | ||
| P/S | 1.26 | ||
| P/FCF | 16.6 | ||
| P/OCF | 10.38 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.48 |
EPS(TTM)-0.45
EYN/A
EPS(NY)0.07
Fwd EY2.51%
FCF(TTM)0.16
FCFY6.02%
OCF(TTM)0.26
OCFY9.63%
SpS2.15
BVpS-2.68
TBVpS-2.91
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.89% | ||
| ROE | N/A | ||
| ROCE | 37.75% | ||
| ROIC | 23.88% | ||
| ROICexc | 29.84% | ||
| ROICexgc | 73% | ||
| OM | 7.05% | ||
| PM (TTM) | N/A | ||
| GM | 23.37% | ||
| FCFM | 7.61% |
ROA(3y)-35.36%
ROA(5y)-23.46%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-57.09%
ROICexgc growth 5Y-25.82%
ROICexc growth 3Y-47.97%
ROICexc growth 5Y-20.34%
OM growth 3Y-43.65%
OM growth 5Y-22.24%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-10.87%
GM growth 5Y-5.85%
F-Score5
Asset Turnover0.99
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 17.81 | ||
| Debt/EBITDA | 7.06 | ||
| Cap/Depr | 44.82% | ||
| Cap/Sales | 4.56% | ||
| Interest Coverage | 1.09 | ||
| Cash Conversion | 70.65% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.18 | ||
| Altman-Z | -1.19 |
F-Score5
WACC11.71%
ROIC/WACC2.04
Cap/Depr(3y)48.09%
Cap/Depr(5y)66.38%
Cap/Sales(3y)8.88%
Cap/Sales(5y)8.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-60.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-77.51%
EPS Next Y115.08%
EPS Next 2Y54.25%
EPS Next 3Y40.47%
EPS Next 5YN/A
Revenue 1Y (TTM)85.98%
Revenue growth 3Y3.11%
Revenue growth 5Y8.03%
Sales Q2Q%52.78%
Revenue Next Year529.76%
Revenue Next 2Y158.11%
Revenue Next 3Y94.46%
Revenue Next 5YN/A
EBIT growth 1Y136.15%
EBIT growth 3Y-41.9%
EBIT growth 5Y-15.99%
EBIT Next Year104.74%
EBIT Next 3Y39.26%
EBIT Next 5YN/A
FCF growth 1Y254.17%
FCF growth 3Y-3.99%
FCF growth 5Y39.66%
OCF growth 1Y719.4%
OCF growth 3Y-4.13%
OCF growth 5Y26.38%
GOL LINHAS AEREAS INTEL-ADR / GOL FAQ
What is the ChartMill fundamental rating of GOL LINHAS AEREAS INTEL-ADR (GOL) stock?
ChartMill assigns a fundamental rating of 3 / 10 to GOL.
What is the valuation status of GOL LINHAS AEREAS INTEL-ADR (GOL) stock?
ChartMill assigns a valuation rating of 4 / 10 to GOL LINHAS AEREAS INTEL-ADR (GOL). This can be considered as Fairly Valued.
How profitable is GOL LINHAS AEREAS INTEL-ADR (GOL) stock?
GOL LINHAS AEREAS INTEL-ADR (GOL) has a profitability rating of 3 / 10.
What is the expected EPS growth for GOL LINHAS AEREAS INTEL-ADR (GOL) stock?
The Earnings per Share (EPS) of GOL LINHAS AEREAS INTEL-ADR (GOL) is expected to grow by 115.08% in the next year.