Market Closed -
Sao Paulo
04:07:32 2024-05-03 pm EDT
|
5-day change
|
1st Jan Change
|
10.95
BRL
|
+8.09%
|
|
+12.08%
|
-31.61%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
19,900
|
13,435
|
8,425
|
3,831
|
5,566
|
3,807
|
-
|
-
|
Enterprise Value (EV)
1 |
34,065
|
17,796
|
30,259
|
27,803
|
5,566
|
26,000
|
23,836
|
23,884
|
P/E ratio
|
-8.31
x
|
-1.32
x
|
-2.07
x
|
-3.34
x
|
-7.93
x
|
4.88
x
|
2.21
x
|
-
|
Yield
|
-
|
-
|
-
|
-
|
-
|
0.44%
|
1.42%
|
-
|
Capitalization / Revenue
|
1.74
x
|
1.17
x
|
0.84
x
|
0.24
x
|
0.3
x
|
0.18
x
|
0.17
x
|
0.15
x
|
EV / Revenue
|
2.98
x
|
1.56
x
|
3.03
x
|
1.74
x
|
0.3
x
|
1.23
x
|
1.03
x
|
0.97
x
|
EV / EBITDA
|
9.4
x
|
67.2
x
|
19
x
|
8.61
x
|
1.07
x
|
4.03
x
|
3.38
x
|
3
x
|
EV / FCF
|
29.2
x
|
28.1
x
|
-32.4
x
|
28.2
x
|
2.11
x
|
8.66
x
|
6.32
x
|
-
|
FCF Yield
|
3.42%
|
3.56%
|
-3.09%
|
3.55%
|
47.4%
|
11.5%
|
15.8%
|
-
|
Price to Book
|
-5.65
x
|
-0.95
x
|
-0.46
x
|
-0.19
x
|
-0.26
x
|
-0.16
x
|
-0.21
x
|
-0.22
x
|
Nbr of stocks (in thousands)
|
341,456
|
341,846
|
345,836
|
347,914
|
347,634
|
347,634
|
-
|
-
|
Reference price
2 |
58.28
|
39.30
|
24.36
|
11.01
|
16.01
|
10.95
|
10.95
|
10.95
|
Announcement Date
|
3/12/20
|
3/4/21
|
2/24/22
|
3/6/23
|
3/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,442
|
11,442
|
9,976
|
15,948
|
18,695
|
21,213
|
23,045
|
24,636
|
EBITDA
1 |
3,623
|
264.8
|
1,591
|
3,230
|
5,214
|
6,452
|
7,055
|
7,963
|
EBIT
1 |
2,031
|
-1,462
|
47
|
1,136
|
2,900
|
3,921
|
4,571
|
5,115
|
Operating Margin
|
17.75%
|
-12.77%
|
0.47%
|
7.12%
|
15.51%
|
18.49%
|
19.84%
|
20.76%
|
Earnings before Tax (EBT)
1 |
-2,536
|
-10,422
|
-4,768
|
-1,380
|
-660.8
|
923.4
|
1,885
|
367.1
|
Net income
1 |
-2,403
|
-10,180
|
-4,768
|
-1,380
|
-700.3
|
781.4
|
1,873
|
-
|
Net margin
|
-21%
|
-88.97%
|
-47.79%
|
-8.65%
|
-3.75%
|
3.68%
|
8.13%
|
-
|
EPS
2 |
-7.010
|
-29.75
|
-11.74
|
-3.300
|
-2.020
|
2.245
|
4.953
|
-
|
Free Cash Flow
1 |
1,167
|
633.2
|
-934.9
|
986.3
|
2,636
|
3,002
|
3,770
|
-
|
FCF margin
|
10.2%
|
5.53%
|
-9.37%
|
6.18%
|
14.1%
|
14.15%
|
16.36%
|
-
|
FCF Conversion (EBITDA)
|
32.2%
|
239.11%
|
-
|
30.53%
|
50.56%
|
46.53%
|
53.44%
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
384.18%
|
201.24%
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
0.0480
|
0.1552
|
-
|
Announcement Date
|
3/12/20
|
3/4/21
|
2/24/22
|
3/6/23
|
3/28/24
|
-
|
-
|
-
|
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
|
2025 Q1
|
---|
Net sales
1 |
2,718
|
3,730
|
3,193
|
3,925
|
4,377
|
4,454
|
4,478
|
4,269
|
4,914
|
5,030
|
4,800
|
4,896
|
5,641
|
5,954
|
5,157
|
EBITDA
1 |
485.6
|
1,027
|
592.7
|
614.6
|
925.1
|
1,098
|
1,030
|
1,157
|
1,551
|
1,467
|
1,386
|
1,369
|
1,741
|
2,002
|
1,450
|
EBIT
1 |
136.3
|
524.9
|
70.7
|
136.5
|
403.8
|
524.7
|
462.4
|
591.9
|
957.4
|
883.2
|
760.4
|
754.1
|
1,147
|
1,368
|
852.4
|
Operating Margin
|
5.02%
|
14.07%
|
2.21%
|
3.48%
|
9.23%
|
11.78%
|
10.33%
|
13.86%
|
19.48%
|
17.56%
|
15.84%
|
15.4%
|
20.33%
|
22.97%
|
16.53%
|
Earnings before Tax (EBT)
1 |
-2,244
|
-945.7
|
2,659
|
-2,625
|
-1,645
|
231.2
|
-322.2
|
497.9
|
-1,075
|
442.9
|
104
|
-22
|
355
|
573
|
-
|
Net income
1 |
-2,244
|
-945.7
|
2,659
|
-2,625
|
-1,645
|
231.2
|
-322.2
|
497.9
|
-1,075
|
403.3
|
104
|
-22
|
355
|
573
|
-
|
Net margin
|
-82.56%
|
-25.36%
|
83.27%
|
-66.87%
|
-37.58%
|
5.19%
|
-7.19%
|
11.66%
|
-21.87%
|
8.02%
|
2.17%
|
-0.45%
|
6.29%
|
9.62%
|
-
|
EPS
2 |
-5.530
|
-2.360
|
6.550
|
-5.640
|
-3.910
|
0.5500
|
-0.7600
|
1.170
|
-3.090
|
1.160
|
0.2994
|
-0.0631
|
1.019
|
1.645
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.1441
|
-
|
Announcement Date
|
11/11/21
|
2/24/22
|
5/9/22
|
8/11/22
|
11/10/22
|
3/6/23
|
5/15/23
|
8/10/23
|
11/14/23
|
3/28/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
14,165
|
4,362
|
21,834
|
23,973
|
-
|
22,194
|
20,029
|
20,078
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.91
x
|
16.47
x
|
13.72
x
|
7.422
x
|
-
|
3.44
x
|
2.839
x
|
2.521
x
|
Free Cash Flow
1 |
1,167
|
633
|
-935
|
986
|
2,636
|
3,002
|
3,770
|
-
|
ROE (net income / shareholders' equity)
|
45%
|
-205%
|
-
|
-
|
-
|
-
|
-
|
-
|
ROA (Net income/ Total Assets)
|
4.67%
|
-61.9%
|
-20.2%
|
-7.41%
|
-3.57%
|
3.12%
|
3.36%
|
4.46%
|
Assets
1 |
-51,481
|
16,438
|
23,640
|
18,627
|
19,627
|
25,006
|
55,745
|
-
|
Book Value Per Share
2 |
-10.30
|
-41.40
|
-53.00
|
-56.60
|
-61.40
|
-70.10
|
-51.50
|
-50.50
|
Cash Flow per Share
2 |
7.610
|
2.850
|
-0.7600
|
5.830
|
9.900
|
11.20
|
15.30
|
16.80
|
Capex
1 |
1,428
|
343
|
624
|
1,451
|
803
|
2,293
|
2,372
|
2,057
|
Capex / Sales
|
12.48%
|
3%
|
6.26%
|
9.1%
|
4.3%
|
10.81%
|
10.29%
|
8.35%
|
Announcement Date
|
3/12/20
|
3/4/21
|
2/24/22
|
3/6/23
|
3/28/24
|
-
|
-
|
-
|
Last Close Price
10.95
BRL Average target price
22.72
BRL Spread / Average Target +107.51% Consensus |
1st Jan change
|
Capi.
|
---|
| -31.61% | 751M | | +28.16% | 33.27B | | +6.16% | 24.87B | | -0.61% | 19.99B | | +35.46% | 18.6B | | +25.18% | 16.98B | | -19.23% | 14.4B | | +42.17% | 13.87B | | -12.08% | 12.29B | | +15.26% | 11.03B |
Other Airlines
|