Gol Linhas Aéreas Inteligentes S.A.
Financial ratios & Valuation

Historical Multiples (2013 – 2022)

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 TTM Median
Valuation Ratios
Price/Earnings ratio
-4.11-3.40-0.151.80259.87-11.7571.24-13.57-7.41-14.42212.21212.21
Price/Sales ratio
0.330.420.070.150.470.800.9212.557.161.481.220.47
Price/Book Value ratio
4.58-8.19-0.15-0.41-1.43-1.83-1.66-5.55-2.52-1.05-1.02-1.43
Price/Cash Flow ratio
7.384.38-1.14-72.697.414.405.19106.1275.4510.388.487.41
Price/Free Cash Flow ratio
25.955.87-0.57-3.3220.217.598.62869.80-641.8617.1611.627.59
Price/Earnings Growth ratio
0.07-0.04-0.00-0.01-2.660.00-0.580.02-0.350.18-0.04-2.66
Dividend Yield
0.70%1.58%17.33%N/AN/AN/AN/AN/AN/AN/A0.08%N/A
Profitability Indicator Ratios
Gross Profit Margin
12.56%19.06%15.52%23.40%20.71%19.94%29.26%11.27%-15.60%20.72%29.02%20.71%
Operating Profit Margin
2.96%5.01%-1.87%7.05%9.35%12.26%8.46%-12.24%-56.35%-2.12%9.97%9.35%
Pretax Profit Margin
-7.29%-9.46%-35.25%13.79%0.67%-4.22%2.80%-91.29%-99.23%-9.98%0.90%0.67%
Net Profit Margin
-8.09%-12.37%-45.62%8.61%0.18%-6.83%1.29%-92.52%-96.64%-10.27%0.57%0.18%
Effective Tax Rate
-10.92%-17.27%-24.48%19.02%-432.81%-61.56%53.89%-1.34%2.60%-2.88%36.02%-432.81%
Return on Assets
-6.81%-12.49%-43.02%10.10%0.19%-7.51%1.17%-46.00%-49.87%-9.20%0.61%0.19%
Return On Equity
-111.31%240.39%98.11%-23.27%-0.55%15.64%-2.33%40.91%34.12%7.31%-0.50%-0.55%
Return on Capital Employed
3.69%8.76%-3.80%19.59%23.26%44.05%23.78%-32.30%-126.15%-10.36%57.63%23.26%
Liquidity Ratios
Current Ratio
1.030.700.440.420.580.450.470.31N/AN/A0.250.45
Quick Ratio
0.910.670.400.390.550.430.450.290.220.180.150.43
Cash ratio
0.470.450.190.110.170.110.150.060.040.010.030.11
Days of Sales Outstanding
15.3615.7119.4329.1335.1938.8340.5253.0850.4326.0025.2338.83
Days of Inventory outstanding
5.456.198.808.817.767.197.4112.639.4311.8710.097.76
Operating Cycle
20.8221.9128.2437.9442.9646.0347.9365.7159.8637.8835.3246.03
Days of Payables Outstanding
23.4430.7439.7953.0257.7870.7068.50104.1177.3068.9059.0357.78
Cash Conversion Cycle
-2.61-8.82-11.55-15.07-14.82-24.66-20.57-38.39-17.43-31.01-23.71-23.71
Debt Ratios
Debt Ratio
0.520.620.890.750.720.700.941.371.571.361.170.72
Debt Equity Ratio
8.58-12.02-2.04-1.74-2.08-1.47-1.88-1.21-1.07-1.08-0.91-2.08
Long-term Debt to Capitalization
0.881.112.352.922.355.923.70-26.90-18.44-16.19-3.635.92
Total Debt to Capitalization
0.891.091.952.331.923.102.135.5614.0812.65-11.223.10
Interest Coverage Ratio
0.450.85-0.250.851.221.944.31-1.20N/AN/A0.571.94
Cash Flow to Debt Ratio
0.070.15-0.06-0.000.090.280.170.040.030.090.130.09
Company Equity Multiplier
16.34-19.24-2.28-2.30-2.87-2.08-1.99-0.88-0.68-0.79-0.78-2.87
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.040.09-0.06-0.000.060.180.170.110.090.140.140.06
Free Cash Flow / Operating Cash Flow Ratio
0.280.742.0021.850.360.570.600.12-0.110.600.730.36
Cash Flow Coverage Ratio
0.070.15-0.06-0.000.090.280.170.040.030.090.130.09
Short Term Coverage Ratio
0.910.87-0.42-0.020.561.530.620.200.260.700.900.56
Dividend Payout Ratio
-2.90%-5.40%-2.67%N/AN/AN/AN/AN/AN/AN/AN/AN/A