Gogo Inc.

Consumer Discretionary
Telecommunications Equipment
www.gogoair.com

Earnings Score
Safety Score

Market Cap $976.33M
PE 17
Debt $591.11M
Cash $177.01M
EV $1.39B
FCF $94.38M

Earnings

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Sales & Net Margins

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Earnings	$56.43M
EBIT	$100.30M
ROE	107%
ROA	12%
FCF	$94.38M
Equity	$52.72M
Growth Stability	1
PE	17.3
PEG	-0.9
PB	18.52
P/FCF	10.34
P/S	2.41
Price/Cash	0.18
Debt/Equity	11.21
Debt/FCF	6.26
Net Margins	14%
Op. Margins	25%
Earnings CAGR	-1%
Sales Growth YoY	3%
Sales Growth QoQ	-1%
Sales CAGR	-9%
FCF CAGR	7%
Equity CAGR	-2%
Earnings Stability	0.01
Earnings Growth YoY	-49%

Earnings Growth QoQ	1K%
Earnings CAGR 5Y	-19%
Sales CAGR 5Y	-4%
FCF CAGR 5Y	87%
Equity CAGR 5Y	3%
Earnings CAGR 3Y	6%
Sales CAGR 3Y	6%
FCF CAGR 3Y	14%
Equity CAGR 3Y	55%
Market Cap	$976.33M
Revenue	$404.72M
Assets	$810.74M
Total Debt	$591.11M
Cash	$177.01M
Shares Outstanding	126.14M
EV	1.39B
Earnings Score	6%
Safety Score	65%
Working Capital	250.4M
Current Ratio	3.58
Shares Growth 3y	6%
Equity Growth QoQ	1%
Equity Growth YoY	57%

Assets & ROA

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Stockholders Equity & ROE

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Gogo Inc is a US-based in-flight connectivity system and service provider. The company through its subsidiaries offers aero communications, in-flight broadband, and wireless in-cabin digital entertainment solutions for the aviation industry. Its business segments include; Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation. The company offers connectivity and entertainment services to commercial airlines flying routes within North America, satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American-based commercial airlines flying outside North America, and a variety of in-flight Internet connectivity and other voice and data communications products and services.

SEC Filings

Direct access to Gogo Inc. (GOGO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Gogo Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Gogo Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -1%

Stability 1%

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Gogo Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Gogo Inc..

Years

Calculation mode

= $1.5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$94M	$101M	$108M	$115M	$123M	$131M	$140M	$150M	$160M	$171M	$182M	$1.8B
DCF		$92M	$89M	$86M	$84M	$81M	$79M	$77M	$75M	$72M	$70M	$703M
Value	$1.5B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-21%	-21%	-21%	-25%	-18%	-17%	-93%	45%	23%	37%	14%
ROA	-	-4%	-2%	-5%	-2%	3%	11%	19%	19%	16%	12%
ROE	-	-163%	308%	90%	60%	37%	39%	-48%	-90%	358%	107%

Good Net Margins (13.67%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-19.68	-9.84	-5.29	-9.76	-31.21	567.59	14.9	12.08	9.49	6.26
Debt over Equity	1.62	9.02	-20.3	-5.31	-3.88	-2.82	-2.39	-2.91	-7.05	14.6	11.21
Growth Stability	-	-	-	-	-	-	-	-	-	-	1

Bad Debt/FCF ratio (6.26)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (11.21)

The company is overleveraged and has a bad balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	23%	19%	17%	28%	-6%	-68%	24%	20%	-2%	-4%
Earnings YoY growth	-	27%	16%	38%	-6%	-10%	71%	-161%	-40%	58%	-19%
Equity YoY growth	-	-67%	-161%	374%	40%	48%	61%	-50%	-68%	-140%	3%
FCF YoY growth	-	-71%	175%	131%	-44%	-66%	-107%	2K%	-5%	5%	87%