Market Closed -
Sao Paulo
|
5-day change
|
1st Jan Change
|
- BRL
|
-.--%
|
|
-.--%
|
-.--%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
13,082
|
8,829
|
6,726
|
3,065
|
3,751
|
521.3
|
-
|
-
|
Enterprise Value (EV)
1 |
24,946
|
25,099
|
28,612
|
25,683
|
23,345
|
20,809
|
18,131
|
8,809
|
P/E ratio
|
-112
x
|
-1.48
x
|
-0.93
x
|
-1.92
x
|
-3.07
x
|
1.7
x
|
0.9
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
|
0.88
x
|
0.38
x
|
EV / EBITDA
|
5.7
x
|
10.2
x
|
-52.2
x
|
11.3
x
|
4.66
x
|
4.91
x
|
3.35
x
|
1.53
x
|
EV / FCF
|
15.7
x
|
273
x
|
-345
x
|
19.6
x
|
24.6
x
|
-10.2
x
|
4.67
x
|
2.64
x
|
FCF Yield
|
6.37%
|
0.37%
|
-0.29%
|
5.11%
|
4.07%
|
-9.8%
|
21.4%
|
37.8%
|
Price to Book
|
-1.71
x
|
-0.62
x
|
-0.32
x
|
-0.14
x
|
-0.13
x
|
-0.02
x
|
-0.02
x
|
-
|
Nbr of stocks (in thousands)
|
355,494
|
354,019
|
394,962
|
417,511
|
418,224
|
420,370
|
-
|
-
|
Reference price
2 |
36.80
|
24.94
|
17.03
|
7.340
|
8.970
|
1.240
|
1.240
|
1.240
|
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
|
18,888
|
20,667
|
22,898
|
EBITDA
1 |
4,373
|
2,469
|
-547.6
|
2,277
|
5,006
|
4,238
|
5,407
|
5,751
|
EBIT
1 |
2,645
|
1,600
|
-1,644
|
557.1
|
3,339
|
2,696
|
3,620
|
3,043
|
Operating Margin
|
19.08%
|
25.11%
|
-22.12%
|
3.67%
|
17.79%
|
14.27%
|
17.52%
|
13.29%
|
Earnings before Tax (EBT)
1 |
388.9
|
-5,817
|
-7,376
|
-1,518
|
-956.8
|
923.5
|
777.2
|
-
|
Net income
1 |
-117.3
|
-5,988
|
-7,222
|
-1,561
|
-1,222
|
2,733
|
687.8
|
-
|
Net margin
|
-0.85%
|
-93.98%
|
-97.15%
|
-10.27%
|
-6.51%
|
14.47%
|
3.33%
|
-
|
EPS
2 |
-0.3300
|
-16.83
|
-18.23
|
-3.822
|
-2.920
|
0.7304
|
1.377
|
-
|
Free Cash Flow
1 |
1,589
|
91.99
|
-82.94
|
1,311
|
949.8
|
-2,040
|
3,885
|
3,332
|
FCF margin
|
11.46%
|
1.44%
|
-1.12%
|
8.63%
|
5.06%
|
-10.8%
|
18.8%
|
14.55%
|
FCF Conversion (EBITDA)
|
36.33%
|
3.73%
|
-
|
57.59%
|
18.97%
|
-
|
71.85%
|
57.94%
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
564.86%
|
-
|
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 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 |
2,922
|
3,220
|
3,242
|
4,010
|
4,727
|
4,920
|
4,146
|
4,665
|
5,042
|
4,714
|
3,918
|
4,523
|
4,957
|
EBITDA
1 |
248.8
|
146
|
439
|
695.2
|
1,093
|
1,193
|
947.3
|
1,250
|
1,616
|
1,237
|
422
|
872
|
1,321
|
EBIT
1 |
-93.7
|
77.14
|
-191.9
|
40.72
|
631.2
|
796.5
|
537.2
|
825.1
|
1,180
|
808.7
|
-9
|
422
|
861
|
Operating Margin
|
-3.21%
|
2.4%
|
-5.92%
|
1.02%
|
13.35%
|
16.19%
|
12.96%
|
17.68%
|
23.41%
|
17.16%
|
-0.23%
|
9.33%
|
17.37%
|
Earnings before Tax (EBT)
1 |
-2,842
|
2,738
|
-2,968
|
-1,537
|
250
|
637.2
|
534.6
|
-1,256
|
-0.873
|
3,790
|
-851
|
-490
|
-72
|
Net income
1 |
-2,809
|
2,608
|
-2,851
|
-1,549
|
230.9
|
619.5
|
556.3
|
-1,300
|
-1.098
|
3,787
|
-851
|
-490
|
-72
|
Net margin
|
-96.13%
|
80.97%
|
-87.94%
|
-38.63%
|
4.89%
|
12.59%
|
13.42%
|
-27.87%
|
-0.02%
|
80.35%
|
-21.72%
|
-10.83%
|
-1.45%
|
EPS
2 |
-7.091
|
6.569
|
-7.041
|
-3.714
|
0.3640
|
1.480
|
1.328
|
-3.110
|
-2.622
|
9.034
|
-2.023
|
-1.165
|
-0.1716
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
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
|
5/14/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
11,863
|
16,270
|
21,885
|
22,619
|
19,594
|
20,288
|
17,610
|
8,288
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.713
x
|
6.59
x
|
-39.97
x
|
9.932
x
|
3.914
x
|
4.787
x
|
3.257
x
|
1.441
x
|
Free Cash Flow
1 |
1,589
|
92
|
-82.9
|
1,311
|
950
|
-2,040
|
3,885
|
3,332
|
ROE (net income / shareholders' equity)
|
-
|
54.2%
|
-
|
-
|
-
|
-
|
-
|
-
|
ROA (Net income/ Total Assets)
|
-0.91%
|
-42.6%
|
-53.1%
|
-9.95%
|
-7.26%
|
13.3%
|
1.73%
|
-
|
Assets
1 |
12,834
|
14,056
|
13,608
|
15,686
|
16,847
|
20,588
|
39,802
|
-
|
Book Value Per Share
2 |
-21.60
|
-40.50
|
-53.10
|
-52.20
|
-68.80
|
-51.60
|
-50.10
|
-
|
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
|
1,236
|
1,243
|
695
|
Capex / Sales
|
6.29%
|
10.39%
|
10.61%
|
5.64%
|
4.64%
|
6.54%
|
6.02%
|
3.04%
|
Announcement Date
|
2/20/20
|
3/18/21
|
3/14/22
|
3/8/23
|
3/27/24
|
-
|
-
|
-
|
Last Close Price
1.24
BRL Average target price
1
BRL Spread / Average Target -19.35% Consensus |
1st Jan change
|
Capi.
|
---|
| +6.89% | 27.57B | | -10.59% | 21B | | +48.46% | 20.26B | | +7.62% | 18.75B | | +7.42% | 14.57B | | -28.14% | 13.68B | | +34.41% | 12.84B | | -13.90% | 12.37B | | +12.97% | 11.12B |
Other Airlines
|