On the stock market since 2004, it operates in the world of heavy industry. It has 13,919 employees. Now — the numbers.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
Average growth of 7% a year over the last 4 years. Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.
The stock trades 50% below its peak. The market has trimmed its expectations for the company.
The company sells $15.2B a year; the problem isn’t sales — it’s costs running above that number.
It pays out $0.01 per share each year — regular cash for whoever holds the stock.
A loss of $1.6B against $15.2B in annual sales.
At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.
On our five-subject report card, GOL sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.
The takeaway: GOL has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.