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GOL Linhas Aereas Inteligentes SA (GOLLQ)
OTHER OTC:GOLLQ
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GOL Linhas Aereas Inteligentes SA
(OTC:GOLLQ)
42Neutral
GOL Linhas Aereas Inteligentes SA (GOLLQ) vs. S&P 500 (SPY)
Market Cap
$101.91M
Dividend YieldN/A
Average Volume (3M)17.77K
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue Growth-0.57%
EPS Growth-3894.62%
CountryUS
Employees13,701
SectorIndustrials
Sector Strength66
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-1.69
Shares Outstanding169,297,160
10 Day Avg. Volume33,669
30 Day Avg. Volume17,772
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.59
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
GOL Linhas Aereas Inteligentes SA Business Overview & Revenue Model
Company DescriptionGOL Linhas Aereas Inteligentes SA, commonly known as GOL Airlines, is a prominent low-cost airline based in Brazil. The company operates primarily in the passenger transportation sector, offering domestic and international flights across South America, the Caribbean, and North America. GOL Airlines focuses on providing efficient, affordable air travel options, and is renowned for its extensive network within Brazil and strategic partnerships with other airlines.
How the Company Makes MoneyGOL Linhas Aereas Inteligentes SA generates revenue through the sale of passenger tickets, which is the primary source of income. The company's low-cost carrier model enables it to offer competitive fares, attracting budget-conscious travelers. Additionally, GOL earns ancillary revenue from services such as baggage fees, seat selection, in-flight sales, and loyalty programs. The company also benefits from strategic partnerships and codeshare agreements with other airlines, which extend its route network and enhance passenger volume. Furthermore, GOL's cargo operations contribute to its earnings by transporting freight and mail across its routes.
GOL Linhas Aereas Inteligentes SA Financial Statement Overview
Summary
GOL Linhas Aereas Inteligentes SA is facing significant financial challenges, characterized by declining revenues, persistent losses, and high leverage. While there were some improvements in 2023, the latest TTM results indicate a reversal, raising concerns about sustainability and financial stability. The company needs to address its liquidity and profitability issues to mitigate risks.Income Statement
The company shows a volatile revenue trend with a recent decline in TTM revenue compared to the previous year. Gross and net profit margins are negative, reflecting ongoing financial challenges. Although there was a significant improvement in EBIT and EBITDA margins in 2023, the TTM figures indicate a reversal, suggesting profitability issues.35
Negative
Balance Sheet
The balance sheet is heavily leveraged with a negative stockholders' equity, indicating significant financial distress. The debt-to-equity ratio is incalculable due to negative equity, and the equity ratio is also negative, suggesting over-reliance on debt financing.20
Very Negative
Cash Flow
Cash flows are under pressure with negative free cash flow in the TTM period. The operating cash flow to net income ratio is unfavorable due to negative net income and operating cash flow. Previous periods showed positive free cash flow, but recent performance highlights liquidity issues.30
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 18.65B | 18.77B | 15.20B | 7.43B | 6.37B | 3.45B | Gross Profit |
| 4.91B | 5.80B | 3.15B | -1.16B | -1.15B | 1.01B | EBIT |
| -1.69B | 3.34B | 78.83M | -688.82M | -289.47M | 528.62M | EBITDA |
| 1.28B | 3.91B | 2.81B | -3.84B | -2.33B | 2.61B | Net Income Common Stockholders |
| -5.10B | -1.22B | -1.56B | -7.22B | -5.99B | -29.18M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 336.98M | 639.83M | 573.15M | 777.62M | 1.65B | 646.66M | Total Assets |
| 2.68B | 16.73B | 16.97B | 14.40B | 12.81B | 3.81B | Total Debt |
| 1.83B | 20.02B | 23.19B | 22.66B | 17.56B | 3.25B | Net Debt |
| 1.62B | 19.70B | 23.02B | 22.18B | 16.90B | 2.84B | Total Liabilities |
| 3.84B | 39.89B | 38.33B | 35.46B | 26.58B | 5.57B | Stockholders Equity |
| -1.29B | -23.17B | -21.36B | -21.05B | -14.41B | -1.91B |
| Cash Flow | Free Cash Flow | ||||
| -1.82B | 1.65B | 1.96B | 233.05M | 91.99M | 387.55M | Operating Cash Flow |
| -525.87M | 1.82B | 2.17B | 705.56M | 753.94M | 612.30M | Investing Cash Flow |
| -1.47B | -871.99M | -787.51M | -179.62M | 31.77M | -187.74M | Financing Cash Flow |
| 2.86B | -626.46M | -1.67B | -672.02M | -1.94B | -221.97M |
GOL Linhas Aereas Inteligentes SA Technical Analysis
Negative
0.49
Price Trends
0.52
Negative
0.48
Positive
0.44
Positive
Market Momentum
<0.01
Negative
48.13
Neutral
90.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GOLLQ, the sentiment is Negative. The current price of 0.49 is above the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.52, and above the 200-day MA of 0.44, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.13 is Neutral, neither overbought nor oversold. The STOCH value of 90.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GOLLQ.
GOL Linhas Aereas Inteligentes SA Risk Analysis
GOL Linhas Aereas Inteligentes SA disclosed 34 risk factors in its most recent earnings report. GOL Linhas Aereas Inteligentes SA reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
GOL Linhas Aereas Inteligentes SA Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $22.99B | 7.45 | 28.63% | ― | 6.23% | 20.08% | |
70 Outperform | $28.32B | 8.22 | 26.19% | 1.25% | 6.19% | -25.26% | |
67 Neutral | $19.91B | 44.53 | 4.50% | 2.14% | 5.34% | -6.20% | |
62 Neutral | $8.05B | 13.61 | 3.91% | 3.11% | 3.81% | -13.91% | |
56 Neutral | $7.04B | 9.65 | -21.27% | ― | 2.70% | 2.20% | |
50 Neutral | $975.96M | ― | -19.93% | 4.51% | 0.11% | -311.73% | |
42 Neutral | $101.91M | ― | 21.23% | ― | -0.57% | -3894.62% |
* Industrials Sector Average
Performance Comparison
GOLLQ
GOL Linhas Aereas Inteligentes SA
0.49
-0.12
-19.67%
ALGT
Allegiant Travel Company
53.22
-15.48
-22.53%
DAL
Delta Air Lines
43.84
-3.86
-8.09%
LUV
Southwest Airlines
33.59
5.09
17.86%
UAL
United Airlines Holdings
70.23
22.88
48.32%
AAL
American Airlines
10.70
-4.71
-30.56%
GOL Linhas Aereas Inteligentes SA Earnings Call Summary
Earnings Call Date: Mar 28, 2025 | % Change Since: -3.92% | Next Earnings Date: May 15, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted GOL's strong operational performance, capacity growth, and significant achievements in restructuring efforts. However, these were tempered by challenges related to rising costs, currency impacts, and substantial debt levels. The strategic steps taken in the Chapter 11 process are seen as positive for future sustainability.Highlights
Punctuality Achievement
GOL was recognized as the world's most punctual low-cost airline for the fourth consecutive month with an on-time performance rate of 87.9% and the most punctual company in Brazil over the last 7 months with an 88.1% rate.
Capacity and Network Expansion
GOL increased capacity by 6.7% year-over-year with a notable 57% increase in international capacity, resuming flights to key international destinations and launching a new route to Bogota.
Smiles and GOLLOG Growth
Smiles membership increased by 9.3% and sales grew by 14% compared to Q3 2023. GOLLOG's revenue grew by 34% for the first 9 months of the year, driven by a 38% increase in transported tons.
Strong Passenger and Revenue Performance
Passenger revenue reached BRL 4.4 billion for the quarter, with a load factor above 83%.
Chapter 11 Restructuring Milestone
A restructuring support agreement was signed to address $1.7 billion in Chapter 11 debt, with plans to raise up to $1.85 billion in new capital through an exit credit facility.
Lowlights
Rising Costs and Currency Impact
Total CASK increased by 3.7% year-over-year due to the depreciation of the Brazilian real. Total recurring costs were up by 10.8%.
Chapter 11 Nonrecurring Costs
There were BRL 700 million in nonrecurring costs related to the Chapter 11 process.
Net Debt and Leverage
Adjusted net debt reached BRL 27.6 billion with a net leverage ratio of 5.5x.
Company Guidance
During the third quarter of 2024, GOL Linhas Aéreas reported significant achievements and challenges. The airline increased its total capacity by 6.7% year-over-year, with a notable 57% rise in international capacity, serving 8 million passengers and achieving a load factor above 83%. Passenger revenue amounted to BRL 4.4 billion, contributing to a net revenue of BRL 5 billion, which marked a 6% increase compared to the previous year. Despite a slight decrease in fuel costs, the total CASK increased by 3.7%, mainly due to currency devaluation, while total recurring costs rose by 10.8%, reaching BRL 4.2 billion. The Smiles loyalty program expanded by 14% in sales, reaching BRL 1.3 billion, and GOLLOG's revenue grew by 34% in the first nine months. The airline also made progress in its Chapter 11 process, addressing up to $1.7 billion in debt and planning to raise $1.85 billion in new capital, aiming for an exit by April 2025. GOL's liquidity position stood at BRL 5.3 billion, with an adjusted net debt of BRL 27.6 billion and a net leverage ratio of 5.5x.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.