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AIR Global
(NASDAQ:AIIR)
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Rating:64Neutral
Price Target:
$8.50
▼(-17.72% Downside)
Action:N/A
Date:08/20/26
The score is driven primarily by fundamentally solid profitability and cash generation, partially offset by elevated leverage and a year-over-year decline in free cash flow. Technicals add support due to positive momentum and price strength versus short-term averages, but the high P/E with no dividend support materially drags the overall rating.
Positive Factors
Durable Profitability
Strong gross and EBIT margins indicate meaningful operating economics in the tobacco business. The improvement in net margin provides evidence of underlying profitability, although maintaining operating leverage will remain important as costs and reinvestment evolve.
Negative Factors
Elevated Leverage
Debt remains high relative to the equity base despite improvement from roughly 2.6x in 2024. This debt-heavy structure can constrain financial flexibility and increase vulnerability if profitability or cash generation weakens over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Durable Profitability
Strong gross and EBIT margins indicate meaningful operating economics in the tobacco business. The improvement in net margin provides evidence of underlying profitability, although maintaining operating leverage will remain important as costs and reinvestment evolve.
Read all positive factors
AIR Global (AIIR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.24B
Dividend YieldN/A
Average Volume (3M)92.30K
Price to Earnings (P/E)67.1
Beta (1Y)0.19
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)N/A
Shares Outstanding160,386,600
10 Day Avg. Volume157,356
30 Day Avg. Volume92,300
Financial Highlights & Ratios
PEG Ratio-1.90
Price to Book (P/B)1.73
Price to Sales (P/S)0.91
P/FCF Ratio4.03
Enterprise Value/Market Cap0.20
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda286.52
Forecast
1Y Price Target
$9.00Price Target Upside-12.88% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AIR Global Business Overview & Revenue Model
Company Description
Established in 1999, AIR Global PLC is headquartered in Dubai, United Arab Emirates. The company focuses on the production and distribution of hookah and other inhalation devices. It primarily conducts its sales through an online business-to-busin...
AIR Global Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
65
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 399.74M | 376.64M | 364.03M | 0.00 |
| Gross Profit | 224.34M | 217.63M | 200.47M | 0.00 |
| EBITDA | 103.24M | 112.99M | 86.80M | -6.29K |
| Net Income | 46.80M | 34.12M | 53.75M | -6.29K |
Balance Sheet | ||||
| Total Assets | 723.19M | 656.02M | 680.71M | 6.21K |
| Cash, Cash Equivalents and Short-Term Investments | 119.46M | 71.70M | 51.16M | 0.00 |
| Total Debt | 400.81M | 399.94M | 465.90M | 0.00 |
| Total Liabilities | 513.82M | 503.74M | 555.09M | 0.00 |
| Stockholders Equity | 209.37M | 152.28M | 117.86M | 6.21K |
Cash Flow | ||||
| Free Cash Flow | 90.08M | 128.45M | 49.17M | 0.00 |
| Operating Cash Flow | 115.89M | 150.87M | 64.98M | 0.00 |
| Investing Cash Flow | -26.77M | -26.18M | -16.56M | 0.00 |
| Financing Cash Flow | -41.37M | -104.14M | -94.69M | 0.00 |
AIR Global Peers Comparison
UnderperformOutperform
Sector (62)
AIIR
AIR Global
7.25
-3.15
-30.29%
BSLK
Bolt Projects Holdings
0.05
-8.85
-99.44%
FORL
Four Leaf Acquisition Corporation Class A
11.00
-0.71
-6.06%
QETA
Quetta Acquisition Corp.
11.42
0.45
4.10%
AIR Global Corporate Events
AIR Global Calls August EGM to Approve Major Share Buybacks and Governance Changes
Aug 5, 2026
AIR Global PLC is a Jersey-incorporated company headquartered in Dubai, United Arab Emirates, and listed in the United States as a foreign private issuer. The company has a global shareholder base and is governed by Jersey corporate law, with its ...
AIR Global Invests $20 Million in Greentank to Advance Crown Switch Vape Platform
Jul 29, 2026
On July 29, 2026, AIR Global PLC announced a USD $20 million strategic equity investment in Greentank Innovations, a specialist in advanced vaporization hardware, expanding a partnership first formed in 2023. The deal, struck at a USD $170 million...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.