GOL LINHAS AEREAS INTEL-ADR (GOL) Stock Fundamental Analysis

NYSE:GOL • US38045R2067

2.715 USD
+0.08 (+3.23%)
Last: Jan 25, 2024, 08:25 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

GOL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 22 industry peers in the Passenger Airlines industry. GOL has a bad profitability rating. Also its financial health evaluation is rather negative. GOL is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year GOL has reported negative net income.
  • GOL had a positive operating cash flow in the past year.
GOL Yearly Net Income VS EBIT VS OCF VS FCFGOL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 2B -2B -4B -6B

1.2 Ratios

  • GOL's Return On Assets of -20.89% is on the low side compared to the rest of the industry. GOL is outperformed by 80.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 23.88%, GOL belongs to the top of the industry, outperforming 96.00% of the companies in the same industry.
Industry RankSector 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
GOL Yearly ROA, ROE, ROICGOL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 20 -20 40 -40 -60 -80

1.3 Margins

  • Looking at the Operating Margin, with a value of 7.05%, GOL is in the better half of the industry, outperforming 68.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of GOL has declined.
  • 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 RankSector 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%
GOL Yearly Profit, Operating, Gross MarginsGOL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 0 20 -20 -40 -60 -80

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

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.
  • The number of shares outstanding for GOL has been increased compared to 1 year ago.
  • GOL has a better debt/assets ratio than last year.
GOL Yearly Shares OutstandingGOL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B
GOL Yearly Total Debt VS Total AssetsGOL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 5B 10B 15B 20B

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 worse Altman-Z score (-1.19) than 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 RankSector Rank
Debt/Equity N/A
Debt/FCF 17.81
Altman-Z -1.19
ROIC/WACC2.04
WACC11.71%
GOL Yearly LT Debt VS Equity VS FCFGOL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 0 10B -10B 20B -20B

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.
  • The Current ratio of GOL (0.24) is worse than 84.00% of its industry peers.
  • 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 has a worse Quick ratio (0.18) than 84.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.24
Quick Ratio 0.18
GOL Yearly Current Assets VS Current LiabilitesGOL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

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!
  • Measured over the past years, GOL shows a quite strong growth in Revenue. The Revenue has been growing by 8.03% on average per year.
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.
  • GOL is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 94.46% yearly.
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

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
GOL Yearly Revenue VS EstimatesGOL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B
GOL Yearly EPS VS EstimatesGOL Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -1 -2 -3 -4

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for GOL. In the last year negative earnings were reported.
  • With a Price/Forward Earnings ratio of 39.79, GOL can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of GOL is on the same level as its industry peers.
  • GOL's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.06.
Industry RankSector Rank
PE N/A
Fwd PE 39.79
GOL Price Earnings VS Forward Price EarningsGOL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100 150

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GOL is on the same level as its industry peers.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of GOL indicates a somewhat cheap valuation: GOL is cheaper than 80.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 16.6
EV/EBITDA 14.48
GOL Per share dataGOL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 -2

4.3 Compensation for Growth

  • GOL's 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%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

1

5. Dividend

5.1 Amount

  • GOL has a yearly dividend return of 0.02%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.83, GOL pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.02, GOL pays less dividend than the S&P500 average, which is at 1.85.
Industry RankSector Rank
Dividend Yield 0.02%

5.2 History

  • GOL does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
GOL Yearly Dividends per shareGOL Yearly Dividends per shareYearly Dividends per share 2022 2023 0 0 0.01 0.01

5.3 Sustainability

DPN/A
EPS Next 2Y54.25%
EPS Next 3Y40.47%
GOL Yearly Income VS Free CF VS DividendGOL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 0 -2B -4B -6B

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GOL LINHAS AEREAS INTEL-ADR

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)11-06
Earnings (Next)03-07
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 RankSector 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 RankSector 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 RankSector 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 RankSector 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 for 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.


How financially healthy is GOL LINHAS AEREAS INTEL-ADR?

The financial health rating of GOL LINHAS AEREAS INTEL-ADR (GOL) is 2 / 10.