GOL LINHAS AEREAS INTEL-ADR (GOL) Stock Fundamental Analysis
NYSE:GOL - New York Stock Exchange, Inc. - US38045R2067 - ADR - Currency: USD
Overall GOL gets a fundamental rating of 3 out of 10. We evaluated GOL against 23 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
In the past year GOL has reported negative net income.
GOL had a positive operating cash flow in the past year.
In the past 5 years GOL always reported negative net income.
In the past 5 years GOL always reported a positive cash flow from operatings.
1.2 Ratios
GOL has a Return On Assets of -20.89%. This is amonst the worse of the industry: GOL underperforms 80.00% of its industry peers.
The Return On Invested Capital of GOL (23.88%) is better than 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.
In the last couple of years the Operating Margin of GOL has declined.
GOL has a Gross Margin (23.37%) which is comparable to the rest of the industry.
GOL's Gross Margin has declined in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), GOL is creating value.
The number of shares outstanding for GOL has been increased compared to 1 year ago.
The debt/assets ratio for GOL has been reduced compared to a year ago.
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.
With a Altman-Z score value of -1.19, GOL is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
GOL has a debt to FCF ratio of 17.81. This is a negative value and a sign of low solvency as GOL would need 17.81 years to pay back of 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
A Current Ratio of 0.24 indicates that GOL may have some problems paying its short term obligations.
The Current ratio of GOL (0.24) is worse than 84.00% of its industry peers.
A Quick Ratio of 0.18 indicates that GOL may have some problems paying its short term obligations.
GOL has a Quick ratio of 0.18. This is amonst the worse of the industry: GOL underperforms 84.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
GOL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -60.91%.
GOL shows a strong growth in Revenue. In the last year, the Revenue has grown by 85.98%.
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
The Earnings Per Share is expected to grow by 40.47% on average over the next years. This is a very strong growth
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
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.
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.
GOL's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.20. GOL is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 39.79 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as GOL.
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 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.
Compared to an average industry Dividend Yield of 2.84, GOL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, GOL's dividend is way lower than the S&P500 average.
| 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 Change5.7%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.34B
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
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
ROICexcg growth 3Y-57.09%
ROICexcg 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%