# Azul S.A. American (AZUL) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Airlines. Price $7.49, market value $1.4 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Azul S.A. American reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **EV / EBITDA: 4.6×**. Enterprise value is 4.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -29.5%**. Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 32.0%**. Azul S.A. American keeps 32.0% of revenue after the direct cost of what it sells.
- **Operating margin: 10.4%**. 10.4% of revenue is left after running the business.
- **Net margin: 0.6%**. 0.6% of each dollar of sales reaches the bottom line.
- **Return on equity: -0.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -8.6%**. Return on all capital, debt included, is -8.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 8.4%**. Each dollar of assets produces 8.4% of profit.

## Growth
- **Revenue growth (1 yr): 10.8%** (3-yr 10.7%/yr, 5-yr 30.4%/yr). Revenue grew 10.8% over the last year, against 30.4% a year compounded over five years: growth is slowing.

## Financial health
- **Net debt / EBITDA: 2.5×**. It would take 2.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 0.4×**. Operating profit covers interest only 0.4×: fragile.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.92%** ($0.07 per share, trailing). Azul S.A. American yields 0.92%, a modest yield more typical of a growth-oriented payer.

## Price and momentum
- **From 52-week high: -23.8%** (5.8% above the low). Trading 24% below its 52-week high.
- **RSI (14-day): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): 0.65** (volatility 46%). Beta of 0.65 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AZUL · Page: https://foliofundamentals.com/stocks/azul

Not investment advice.