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Gogo

Nasdaq:GOGO
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GOGO
Nasdaq
$402M
Market Cap
  1. Home
  2. US
  3. Telecom
Company description

Gogo Inc., through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. The last earnings update was 42 days ago. More info.


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  • Gogo has significant price volatility in the past 3 months.
GOGO Share Price and Events
7 Day Returns
6%
NasdaqGS:GOGO
4.6%
US Wireless Telecom
1.2%
US Market
1 Year Returns
-8.8%
NasdaqGS:GOGO
22.4%
US Wireless Telecom
2.3%
US Market
GOGO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gogo (GOGO) 6% -20.9% -1.9% -8.8% -48.4% -75.7%
US Wireless Telecom 4.6% -0.7% 6.5% 22.4% 47.2% 9.5%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • GOGO underperformed the Wireless Telecom industry which returned 22.4% over the past year.
  • GOGO underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
GOGO
Industry
5yr Volatility vs Market

GOGO Value

 Is Gogo undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gogo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gogo.

NasdaqGS:GOGO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:GOGO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.325 (1 + (1- 21%) (284.13%))
1.037
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.037 * 5.96%)
8.91%

Discounted Cash Flow Calculation for NasdaqGS:GOGO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gogo is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:GOGO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.91%)
2019 -88.24 Analyst x2 -81.02
2020 -34.51 Analyst x1 -29.10
2021 17.15 Analyst x2 13.27
2022 81.11 Analyst x1 57.65
2023 139.27 Est @ 71.72% 90.89
2024 210.33 Est @ 51.02% 126.03
2025 287.17 Est @ 36.53% 157.99
2026 362.95 Est @ 26.39% 183.35
2027 432.98 Est @ 19.29% 200.83
2028 495.00 Est @ 14.32% 210.82
Present value of next 10 years cash flows $930.72
NasdaqGS:GOGO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $495.00 × (1 + 2.73%) ÷ (8.91% – 2.73%)
$8,227.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,227.54 ÷ (1 + 8.91%)10
$3,504.01
NasdaqGS:GOGO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $930.72 + $3,504.01
$4,434.73
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,434.73 / 87.80
$50.51
NasdaqGS:GOGO Discount to Share Price
Calculation Result
Value per share (USD) From above. $50.51
Current discount Discount to share price of $4.58
= -1 x ($4.58 - $50.51) / $50.51
90.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Gogo is available for.
Intrinsic value
>50%
Share price is $4.58 vs Future cash flow value of $50.51
Current Discount Checks
For Gogo to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gogo's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gogo's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gogo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gogo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:GOGO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-1.89
NasdaqGS:GOGO Share Price ** NasdaqGS (2019-06-19) in USD $4.58
United States of America Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 27.42x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gogo.

NasdaqGS:GOGO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:GOGO Share Price ÷ EPS (both in USD)

= 4.58 ÷ -1.89

-2.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gogo is loss making, we can't compare its value to the US Wireless Telecom industry average.
  • Gogo is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Gogo's expected growth come at a high price?
Raw Data
NasdaqGS:GOGO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
37.4%per year
United States of America Wireless Telecom Industry PEG Ratio Median Figure of 6 Publicly-Listed Wireless Telecom Companies 1.79x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Gogo, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gogo's assets?
Raw Data
NasdaqGS:GOGO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-3.23
NasdaqGS:GOGO Share Price * NasdaqGS (2019-06-19) in USD $4.58
United States of America Wireless Telecom Industry PB Ratio Median Figure of 13 Publicly-Listed Wireless Telecom Companies 1.78x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NasdaqGS:GOGO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:GOGO Share Price ÷ Book Value per Share (both in USD)

= 4.58 ÷ -3.23

-1.42x

* Primary Listing of Gogo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gogo has negative assets, we can't compare the value of its assets to the US Wireless Telecom industry average.
X
Value checks
We assess Gogo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Gogo has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GOGO Future Performance

 How is Gogo expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
37.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gogo expected to grow at an attractive rate?
  • Unable to compare Gogo's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Gogo's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Gogo's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:GOGO Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:GOGO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 37.4%
NasdaqGS:GOGO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 7.5%
United States of America Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
United States of America Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:GOGO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:GOGO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 981 134 -39 4
2020-12-31 902 100 -95 6
2019-12-31 823 29 -118 6
NasdaqGS:GOGO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 861 -42 -151
2018-12-31 894 -82 -162
2018-09-30 865 -27 -143
2018-06-30 820 29 -151
2018-03-31 766 28 -158
2017-12-31 699 60 -172
2017-09-30 671 16 -158
2017-06-30 645 43 -146
2017-03-31 620 53 -142
2016-12-31 597 65 -125
2016-09-30 574 63 -131
2016-06-30 553 63 -127

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gogo is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Gogo's revenue is expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:GOGO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Gogo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GOGO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 -0.49 -0.47 -0.53 3.00
2020-12-31 -1.14 -0.64 -1.81 4.00
2019-12-31 -1.68 -1.38 -2.13 4.00
NasdaqGS:GOGO Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -1.89
2018-12-31 -2.02
2018-09-30 -1.80
2018-06-30 -1.90
2018-03-31 -1.99
2017-12-31 -2.17
2017-09-30 -1.99
2017-06-30 -1.84
2017-03-31 -1.79
2016-12-31 -1.58
2016-09-30 -1.67
2016-06-30 -1.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Gogo will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Gogo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gogo has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GOGO Past Performance

  How has Gogo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gogo's growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gogo does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Gogo's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Gogo's 1-year growth to the US Wireless Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Gogo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gogo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GOGO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 861.49 -151.41 146.80 115.04
2018-12-31 893.76 -162.03 153.09 120.09
2018-09-30 864.55 -143.48 156.72 118.23
2018-06-30 820.17 -151.05 158.25 119.52
2018-03-31 765.51 -158.05 161.80 126.80
2017-12-31 699.09 -172.00 157.69 133.29
2017-09-30 671.08 -157.79 152.12 127.77
2017-06-30 645.47 -145.78 148.29 122.30
2017-03-31 620.21 -141.77 147.32 111.33
2016-12-31 596.55 -124.51 146.10 96.71
2016-09-30 574.33 -131.45 151.53 98.83
2016-06-30 553.47 -127.05 151.08 96.37
2016-03-31 527.12 -111.63 146.58 90.47
2015-12-31 500.89 -107.61 142.90 87.44
2015-09-30 472.34 -97.85 129.00 84.25
2015-06-30 449.97 -93.87 124.37 77.06
2015-03-31 428.31 -87.76 119.28 74.04
2014-12-31 408.49 -84.54 112.84 69.52
2014-09-30 391.81 -82.53 115.22 59.83
2014-06-30 373.16 -76.35 110.25 54.96
2014-03-31 353.06 -130.27 103.99 51.50
2013-12-31 328.12 -145.85 92.55 53.75
2013-09-30 299.09 -159.71 91.02 46.85
2013-06-30 271.55 -170.00 83.28 44.66
2013-03-31 250.00 -110.51 79.34 40.07
2012-12-31 233.52 -95.64 75.55 35.35
2012-09-30 216.38 -51.76 72.97 29.38
2012-06-30 199.37 -47.40 70.04 26.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Gogo has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Gogo has efficiently used its assets last year compared to the US Wireless Telecom industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Gogo improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Gogo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gogo has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GOGO Health

 How is Gogo's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gogo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gogo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gogo's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gogo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Gogo has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gogo Company Filings, last reported 2 months ago.

NasdaqGS:GOGO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -283.97 1,142.54 188.69
2018-12-31 -268.76 1,025.75 223.48
2018-09-30 -261.28 1,019.58 191.24
2018-06-30 -228.21 1,014.16 263.61
2018-03-31 -191.34 1,008.74 299.67
2017-12-31 -191.56 1,002.66 409.15
2017-09-30 -155.53 999.20 410.87
2017-06-30 -116.51 884.78 379.66
2017-03-31 -76.65 880.46 439.20
2016-12-31 -40.39 803.51 455.78
2016-09-30 -17.97 801.09 485.56
2016-06-30 10.01 796.20 508.60
2016-03-31 47.00 557.65 312.67
2015-12-31 66.20 563.85 366.83
2015-09-30 95.19 580.82 387.96
2015-06-30 119.52 576.42 392.12
2015-03-31 139.76 575.91 400.06
2014-12-31 197.76 304.78 211.24
2014-09-30 218.91 318.20 243.21
2014-06-30 240.63 244.60 196.16
2014-03-31 255.31 246.33 219.57
2013-12-31 270.19 246.53 266.34
2013-09-30 289.38 247.86 284.69
2013-06-30 306.83 245.91 312.15
2013-03-31 155.03 134.57 77.96
2012-12-31 168.60 135.77 112.58
2012-09-30
2012-06-30 198.94 137.43 153.50
  • Gogo has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Gogo's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Gogo has sufficient cash runway for 1.4 years based on current free cash flow.
  • Gogo has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 27.1% each year.
X
Financial health checks
We assess Gogo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gogo has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GOGO Dividends

 What is Gogo's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Gogo dividends.
If you bought $2,000 of Gogo shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Gogo's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gogo's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:GOGO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 6.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:GOGO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Gogo has not reported any payouts.
  • Unable to verify if Gogo's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gogo's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gogo has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gogo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gogo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gogo has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GOGO Management

 What is the CEO of Gogo's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Oakleigh Thorne
COMPENSATION $5,257,696
AGE 60
TENURE AS CEO 1.3 years
CEO Bio

Mr. Oakleigh B. Thorne has been President and Chief Executive Officer of Gogo Inc. since March 4, 2018. Mr. Thorne serves as the Chairman and Chief Executive Officer of TBG Information Investors, LLC. Mr. Thorne serves as the Chief Executive Officer and Managing Partner/ Manager of Thorndale Farm LLC. Mr. Thorne serves as President of Millbrook Tribute Garden, Inc., and President of the Millbrook Hunt, Inc. He served as Partner of Blumenstein/Thorne Information Partners L.L.P. He served as the Chief Executive Officer and Chairman of the Board at eCollege.com, Inc. from May 30, 2000 to July 2007. He served as Co-President at Blumenstein/Thorne Information Partners, L.L.C. from October 1996 to 2009. He is a Founder of Blumenstein/Thorne Information Partners, LLC. From September 1986 to August 1996, Mr. Thorne served in various management positions, including President and Chief Executive Officer at CCH Incorporated (also known as Commerce Clearing House, Inc.). From April 1995 to August 1996, he served as the President and Chief Executive Officer at CCH Incorporated. Mr. Thorne served as Executive Vice President at CCH Incorporated from January 1991 to April 1995. He served as the President at CT. He has been the Chairman of CCH Incorporated since 1975. He serves as the Chairman of the Board of SCP Communications, Inc. He serves as the Chairman of Trout Unlimited and Wolters Kluwer, CCH, Inc. Mr. Thorne serves as a director of Helix Education, Inc. He serves as a Director of CCH Incorporated. He has been Independent Director of Gogo Inc. since June 2006 and Bank of Millbrook since 1970. He serves as a Director of Medscape, LLC. He serves on the boards of Datamark Inc., MachineryLink, Inc., and ShopperTrak Corporation. Mr. Thorne serves as a Director of Bigchalk.com, SCP Communications Inc., ShopperTrakRCT Inc., and Fiduciary Trust Company International. He served as a Director of eCollege.com, Inc. since February 1998. He served as a Director of Aircell, LLC from 2003 to January 2007. He served as a Director of Zave Networks, Inc. and deltathree, Inc. He served as a Director of Delta Three, Inc. He was a newspaper reporter at the Boston Globe and the Baltimore News American. He is a member of various charitable boards, including the Art Institute of Chicago and Lake Forest Open Lands. Mr. Thorne received a B.S. degree in Journalism from Boston University School of Journalism in 1980 and holds an M.B.A. degree from Columbia University Graduate School of Business.

CEO Compensation
  • Oakleigh's compensation has increased whilst company is loss making.
  • Oakleigh's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Gogo management team in years:

1.7
Average Tenure
52
Average Age
  • The average tenure for the Gogo management team is less than 2 years, this suggests a new team.
Management Team

Oakleigh Thorne

TITLE
President
COMPENSATION
$5M
AGE
60
TENURE
1.3 yrs

Barry Rowan

TITLE
CFO & Executive VP
COMPENSATION
$1M
AGE
61
TENURE
2.1 yrs

Margee Elias

TITLE
Executive VP
COMPENSATION
$932K
AGE
64

Jon Cobin

TITLE
Chief Strategy Officer & Executive VP of Corporate Development
COMPENSATION
$1M
AGE
45
TENURE
1.1 yrs

John Wade

TITLE
President of Commercial Aviation Division
COMPENSATION
$1M
AGE
55

Michael Bayer

TITLE
Chief Accounting Officer
AGE
49
TENURE
4 yrs

Will Davis

TITLE
Vice President of Investor Relations
AGE
45
TENURE
1.1 yrs

Karen Jackson

TITLE
Senior Vice President of Human Resources
AGE
48
TENURE
4.4 yrs

Andy Geist

TITLE
Senior Vice President of Business Aviation Solutions

Varvara Alva

TITLE
Treasurer
Board of Directors Tenure

Average tenure and age of the Gogo board of directors in years:

9.3
Average Tenure
68
Average Age
  • The tenure for the Gogo board of directors is about average.
Board of Directors

Ron LeMay

TITLE
Chairman of the Board
COMPENSATION
$265K
AGE
72
TENURE
12.9 yrs

Oakleigh Thorne

TITLE
President
COMPENSATION
$5M
AGE
60
TENURE
13 yrs

Harris Williams

TITLE
Director
COMPENSATION
$210K
AGE
48
TENURE
9.3 yrs

Robert Mundheim

TITLE
Director
COMPENSATION
$205K
AGE
85
TENURE
7.3 yrs

Michele Mayes

TITLE
Director
COMPENSATION
$198K
AGE
68
TENURE
2.8 yrs

Robert Crandall

TITLE
Director
COMPENSATION
$190K
AGE
83
TENURE
13 yrs

Charlie Townsend

TITLE
Director
COMPENSATION
$190K
AGE
69
TENURE
9.4 yrs

Christopher Payne

TITLE
Director
COMPENSATION
$190K
AGE
49
TENURE
5 yrs

Hugh Jones

TITLE
Director
COMPENSATION
$190K
AGE
54
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Gogo insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. May 19 Buy Charles Townsend Individual 13. May 19 14. May 19 100,000 $5.66 $554,849
01. Mar 19 Buy Charles Townsend Individual 28. Feb 19 28. Feb 19 122,595 $4.57 $560,394
28. Feb 19 Buy Charles Townsend Individual 26. Feb 19 27. Feb 19 277,405 $4.46 $1,208,824
19. Nov 18 Sell Senator Investment Group LP Company 16. Nov 18 16. Nov 18 -5,646,370 $5.58 $-31,478,513
X
Management checks
We assess Gogo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gogo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GOGO News

Simply Wall St News

Those Who Purchased Gogo (NASDAQ:GOGO) Shares Five Years Ago Have A 64% Loss To Show For It

See our latest analysis for Gogo Given that Gogo didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … Over five years, Gogo grew its revenue at 19% per year. … Unfortunately for shareholders the share price has dropped 18% per year - disappointing considering the growth.

Simply Wall St -

Should You Think About Buying Gogo Inc. (NASDAQ:GOGO) Now?

led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, could the stock still be trading at a relatively cheap price.

Simply Wall St -

Did Gogo Inc. (NASDAQ:GOGO) Insiders Buy Up More Shares?

So we'll take a look at whether insiders have been buying or selling shares in Gogo Inc. … The Last 12 Months Of Insider Transactions At Gogo. … In the last twelve months there was more buying than selling by Gogo insiders

Simply Wall St -

One Thing To Remember About The Gogo Inc. (NASDAQ:GOGO) Share Price

(NASDAQ:GOGO), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Gogo Inc. (NASDAQ:GOGO) Insiders Increased Their Holdings

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … The Last 12 Months Of Insider Transactions At Gogo. … In the last twelve months there was more buying than selling by Gogo insiders

Simply Wall St -

Can Gogo Inc (NASDAQ:GOGO) Improve Your Portfolio Returns?

Generally, an investor should consider two types of risk that impact the market value of GOGO. … The second risk is market-wide, which arises from investing in the stock market. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.

Simply Wall St -

At US$0US$4.68, Is Gogo Inc (NASDAQ:GOGO) A Buy?

saw significant share price volatility over the past couple of months on the NasdaqGS, rising to the highs of $9.68 and falling to the lows of $4.68. … A question to answer is whether Gogo's current trading price of $4.68 reflective of the actual value of the? … Let’s take a look at Gogo’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Gogo Inc's (NASDAQ:GOGO) Path To Profitability

Gogo Inc., through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. … Below I will provide a high-level summary of the industry analysts’ expectations for GOGO … GOGO is bordering on breakeven, according to Internet analysts.

Simply Wall St -

Loss-Making Gogo Inc (NASDAQ:GOGO) Expected To Breakeven

NasdaqGS:GOGO Past Future Earnings Mar 30th 18 Given this is a high-level overview, I won’t go into detail the detail of GOGO’s upcoming projects, but, take into account that typically a high forecast growth rate is not unusual for a company that is currently undergoing an investment period. … Next Steps: This article is not intended to be a comprehensive analysis on GOGO, so if you are interested in understanding the company at a deeper level, take a look at GOGO’s company page on Simply Wall St. … I’ve also put together a list of relevant aspects you should further research: Valuation: What is GOGO worth today?

Simply Wall St -

Gogo Inc’s (NASDAQ:GOGO) Insiders Ramped Up Holdings - Should You?

Today we will evaluate whether these decisions are bolstered by analysts’ expectations of future growth as well as recent share price movements. … NasdaqGS:GOGO Future Profit Mar 13th 18 Analysts’ expectations for revenue growth over the next 3 years of 42.30% provides a satisfactory outlook for the company which is consistent with the signal company insiders are sending with their net buying activity. … Next Steps: Gogo’s net buying tells us the stock is in favour with some insiders, which is fairly consistent with earnings growth expectations, and a fairly high volatility in share price over the same time period.

Simply Wall St -

GOGO Company Info

Description

Gogo Inc., through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA). The CA-NA segment offers inflight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America. The CA-ROW segment provides inflight connectivity and wireless digital entertainment solutions to passengers flying on foreign-based commercial airlines and flights outside of North America for North American based commercial airlines. The BA segment offers equipment for inflight connectivity, including voice and data services to the business aviation market. Its services include AVANCE, an inflight broadband service that utilizes air-to-ground (ATG) network and ATG spectrum; Passenger Entertainment, an inflight entertainment service; and satellite-based voice and data services through strategic alliances with satellite companies. This segment serves aircraft manufacturers, owners, and operators, as well as government and military entities. The company was founded in 1991 and is headquartered in Chicago, Illinois.

Details
Name: Gogo Inc.
GOGO
Exchange: NasdaqGS
Founded: 1991
$402,114,157
87,797,851
Website: http://www.gogoair.com
Address: Gogo Inc.
111 North Canal Street,
Suite 1500,
Chicago,
Illinois, 60606,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS GOGO Common Stock Nasdaq Global Select US USD 21. Jun 2013
DB G0G Common Stock Deutsche Boerse AG DE EUR 21. Jun 2013
LSE 0IYQ Common Stock London Stock Exchange GB USD 21. Jun 2013
Number of employees
Current staff
Staff numbers
1,153
Gogo employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/20 00:47
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/10
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.