Market Closed -
Sao Paulo
04:07:50 2024-04-26 pm EDT
|
5-day change
|
1st Jan Change
|
1.22
BRL
|
-10.95%
|
|
-10.95%
|
-86.40%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
13,082
|
8,829
|
6,726
|
3,065
|
3,751
|
512.8
|
-
|
-
|
Enterprise Value (EV)
1 |
24,946
|
25,099
|
28,612
|
25,683
|
23,345
|
20,532
|
19,562
|
512.8
|
P/E ratio
|
-112
x
|
-1.48
x
|
-0.93
x
|
-1.92
x
|
-3.07
x
|
1.36
x
|
0.57
x
|
-
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
0.94
x
|
1.39
x
|
0.9
x
|
0.2
x
|
0.2
x
|
0.03
x
|
0.03
x
|
0.02
x
|
EV / Revenue
|
1.8
x
|
3.94
x
|
3.85
x
|
1.69
x
|
1.24
x
|
1.1
x
|
0.96
x
|
0.02
x
|
EV / EBITDA
|
5.7
x
|
10.2
x
|
-52.2
x
|
11.3
x
|
4.66
x
|
4.44
x
|
3.75
x
|
0.1
x
|
EV / FCF
|
15.7
x
|
273
x
|
-345
x
|
19.6
x
|
24.6
x
|
6.83
x
|
5.61
x
|
0.15
x
|
FCF Yield
|
6.37%
|
0.37%
|
-0.29%
|
5.11%
|
4.07%
|
14.6%
|
17.8%
|
650%
|
Price to Book
|
-1.71
x
|
-0.62
x
|
-0.32
x
|
-0.14
x
|
-0.13
x
|
-0.03
x
|
-0.03
x
|
-
|
Nbr of stocks (in thousands)
|
355,494
|
354,019
|
394,962
|
417,511
|
418,224
|
420,362
|
-
|
-
|
Reference price
2 |
36.80
|
24.94
|
17.03
|
7.340
|
8.970
|
1.220
|
1.220
|
1.220
|
Announcement Date
|
2/20/20
|
3/18/21
|
3/14/22
|
3/8/23
|
3/27/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
13,865
|
6,372
|
7,433
|
15,199
|
18,774
|
18,720
|
20,276
|
21,733
|
EBITDA
1 |
4,373
|
2,469
|
-547.6
|
2,277
|
5,006
|
4,625
|
5,211
|
4,973
|
EBIT
1 |
2,645
|
1,600
|
-1,644
|
557.1
|
3,339
|
2,908
|
3,501
|
3,043
|
Operating Margin
|
19.08%
|
25.11%
|
-22.12%
|
3.67%
|
17.79%
|
15.54%
|
17.27%
|
14%
|
Earnings before Tax (EBT)
1 |
388.9
|
-5,817
|
-7,376
|
-1,518
|
-956.8
|
-300.1
|
1,258
|
-
|
Net income
1 |
-117.3
|
-5,988
|
-7,222
|
-1,561
|
-1,222
|
86
|
1,433
|
-
|
Net margin
|
-0.85%
|
-93.98%
|
-97.15%
|
-10.27%
|
-6.51%
|
0.46%
|
7.07%
|
-
|
EPS
2 |
-0.3300
|
-16.83
|
-18.23
|
-3.822
|
-2.920
|
0.8968
|
2.135
|
-
|
Free Cash Flow
1 |
1,589
|
91.99
|
-82.94
|
1,311
|
949.8
|
3,007
|
3,489
|
3,332
|
FCF margin
|
11.46%
|
1.44%
|
-1.12%
|
8.63%
|
5.06%
|
16.06%
|
17.21%
|
15.33%
|
FCF Conversion (EBITDA)
|
36.33%
|
3.73%
|
-
|
57.59%
|
18.97%
|
65.02%
|
66.95%
|
67%
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
3,496.51%
|
243.48%
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
2/20/20
|
3/18/21
|
3/14/22
|
3/8/23
|
3/27/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
1,900
|
2,922
|
3,220
|
3,242
|
4,010
|
4,727
|
4,920
|
4,146
|
4,665
|
5,042
|
4,711
|
-
|
-
|
-
|
EBITDA
1 |
464.7
|
248.8
|
146
|
439
|
695.2
|
1,093
|
1,193
|
947.3
|
1,250
|
1,616
|
1,219
|
-
|
-
|
-
|
EBIT
1 |
338.1
|
-93.7
|
77.14
|
-191.9
|
40.72
|
631.2
|
796.5
|
537.2
|
825.1
|
1,180
|
1,016
|
796
|
791.8
|
1,358
|
Operating Margin
|
17.79%
|
-3.21%
|
2.4%
|
-5.92%
|
1.02%
|
13.35%
|
16.19%
|
12.96%
|
17.68%
|
23.41%
|
21.58%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-2,720
|
-2,842
|
2,738
|
-2,968
|
-1,537
|
250
|
637.2
|
534.6
|
-1,256
|
-0.873
|
-
|
-
|
-
|
-
|
Net income
|
-2,527
|
-2,809
|
2,608
|
-2,851
|
-1,549
|
230.9
|
619.5
|
556.3
|
-1,300
|
-1.098
|
-
|
-
|
-
|
-
|
Net margin
|
-132.99%
|
-96.13%
|
80.97%
|
-87.94%
|
-38.63%
|
4.89%
|
12.59%
|
13.42%
|
-27.87%
|
-0.02%
|
-
|
-
|
-
|
-
|
EPS
2 |
-6.380
|
-7.091
|
6.569
|
-7.041
|
-3.714
|
0.3640
|
1.480
|
1.328
|
-3.110
|
-
|
0.2300
|
-0.4900
|
-0.2500
|
0.7200
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
11/9/21
|
3/14/22
|
4/28/22
|
7/28/22
|
10/27/22
|
3/8/23
|
4/26/23
|
7/27/23
|
11/6/23
|
3/27/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
11,863
|
16,270
|
21,885
|
22,619
|
19,594
|
20,019
|
19,049
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.713
x
|
6.59
x
|
-39.97
x
|
9.932
x
|
3.914
x
|
4.329
x
|
3.655
x
|
-
|
Free Cash Flow
1 |
1,589
|
92
|
-82.9
|
1,311
|
950
|
3,007
|
3,489
|
3,332
|
ROE (net income / shareholders' equity)
|
-
|
54.2%
|
-
|
-
|
-
|
-
|
-
|
-
|
ROA (Net income/ Total Assets)
|
-0.91%
|
-42.6%
|
-53.1%
|
-9.95%
|
-7.26%
|
-5.59%
|
-
|
-
|
Assets
1 |
12,834
|
14,056
|
13,608
|
15,686
|
16,847
|
-1,539
|
-
|
-
|
Book Value Per Share
2 |
-21.60
|
-40.50
|
-53.10
|
-52.20
|
-68.80
|
-44.30
|
-36.30
|
-
|
Cash Flow per Share
2 |
6.280
|
2.120
|
1.870
|
5.300
|
5.410
|
12.80
|
13.90
|
-
|
Capex
1 |
873
|
662
|
789
|
857
|
872
|
630
|
865
|
695
|
Capex / Sales
|
6.29%
|
10.39%
|
10.61%
|
5.64%
|
4.64%
|
3.37%
|
4.27%
|
3.2%
|
Announcement Date
|
2/20/20
|
3/18/21
|
3/14/22
|
3/8/23
|
3/27/24
|
-
|
-
|
-
|
Last Close Price
1.22
BRL Average target price
1.025
BRL Spread / Average Target -15.98% Consensus |
1st Jan change
|
Capi.
|
---|
| -86.40% | 100M | | +24.09% | 32.21B | | +6.68% | 24.77B | | -0.30% | 19.86B | | +32.63% | 18.21B | | +28.07% | 17.37B | | -16.19% | 14.84B | | +38.67% | 13.47B | | -14.20% | 12.32B | | +13.74% | 10.8B |
Other Airlines
|