ANA Holdings (ALNPY) AI Stock Analysis

• Market Cap: $9.47B
• Dividend Yield: 1.38%
• Average Volume (3M): 119.00
• Price to Earnings (P/E): 9.4
• Beta (1Y): 0.30
• Revenue Growth: 8.17%
• EPS Growth: -1.67%
• Country: US
• Employees: 41,225
• Sector: Industrials
• Sector Strength: 75
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 0.07
• Shares Outstanding: 2,421,467,800
• 10 Day Avg. Volume: 197
• 30 Day Avg. Volume: 119
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: <0.01
• Enterprise Value/Gross Profit: 0.03
• Enterprise Value/Ebitda: 0.03
• 1Y Price Target: $4.50
• Price Target Upside: 10.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 73 Outperform
• Price Target: $4.50 ▲(10.57% Upside)

ANA Holdings' strong financial performance and attractive valuation are the primary drivers of its stock score. However, technical indicators suggest a lack of strong momentum, which slightly tempers the overall score. The absence of earnings call and corporate events data means these factors do not influence the score.

ANA Holdings Business Overview & Revenue Model

Company Description

ANA Holdings Inc. is a leading airline and transportation services company headquartered in Tokyo, Japan. As the parent company of All Nippon Airways (ANA), it operates a comprehensive network of domestic and international flights, providing passenger and cargo transportation services. Additionally, ANA Holdings is involved in various sectors such as travel services, airport operations, and aircraft maintenance, offering a wide range of products and services to enhance the travel experience for its customers.

How the Company Makes Money

ANA Holdings generates revenue primarily through its passenger and cargo air transportation services. The company earns money by selling tickets for flights on its domestic and international routes, with additional income from ancillary services such as baggage fees, seat selection, and in-flight sales. Cargo services also contribute significantly to its revenue, transporting goods and freight across its network. Furthermore, ANA Holdings benefits from partnerships with other airlines, which allow it to offer codeshare flights, thereby increasing its market reach. The company also derives income from its loyalty program, offering rewards and incentives that encourage repeat business. Additionally, revenues are supplemented by ancillary businesses, including travel agency operations and aircraft maintenance services.

ANA Holdings Financial Statement Overview

Summary

ANA Holdings has demonstrated strong revenue and profit growth post-pandemic with improved margins. The balance sheet is stable, reflecting effective equity utilization despite moderate leverage. Cash flow generation is robust, though growth has slowed, indicating a need for careful cost and debt management.

Income Statement

ANA Holdings has demonstrated a robust recovery in revenue post-pandemic, with a significant revenue growth rate from 2021 to 2025. The gross profit margin improved significantly, reaching 18.5% in 2025 from negative figures in earlier years, indicating enhanced operational efficiency. The net profit margin stands at 6.8% for 2025, showing strong profitability improvements, while the EBITDA margin of 16.4% underscores solid cash flow generation. However, EBIT margin decreased slightly from 2024 to 2025, suggesting some cost pressures.

Balance Sheet

The company's balance sheet reflects a stable financial position, with a debt-to-equity ratio of 1.19 in 2025, indicating moderate leverage. Return on equity improved significantly to 13.5%, showcasing effective utilization of shareholder funds. The equity ratio of 31.2% represents a solid capital structure with a reasonable level of equity. However, the high level of total debt remains a risk, though it has been decreasing over time.

Cash Flow

ANA Holdings has shown a strong recovery in cash flows, with a positive free cash flow of ¥117.1 billion in 2025. The operating cash flow to net income ratio is robust at 2.44, indicating strong cash generation relative to earnings. The free cash flow to net income ratio is 0.77, reflecting effective capital expenditure management. However, the free cash flow growth rate has declined from the previous year, suggesting potential challenges in cash generation.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	2.26T	2.06T	1.71T	1.02T	728.68B
Gross Profit	418.31B	413.67B	281.80B	-54.47B	-298.29B
EBITDA	370.58B	372.59B	289.57B	9.59B	-350.22B
Net Income	153.03B	157.10B	89.48B	-143.63B	-404.62B
Balance Sheet
Total Assets	3.62T	3.57T	3.37T	3.22T	3.21T
Cash, Cash Equivalents and Short-Term Investments	1.22T	1.26T	1.18T	950.99B	965.72B
Total Debt	1.35T	1.48T	1.61T	1.75T	1.66T
Total Liabilities	2.48T	2.52T	2.50T	2.42T	2.20T
Stockholders Equity	1.13T	1.04T	862.42B	797.25B	1.01T
Cash Flow
Free Cash Flow	117.10B	180.15B	332.93B	-209.78B	-427.15B
Operating Cash Flow	373.03B	420.62B	449.82B	-76.41B	-270.44B
Investing Cash Flow	-343.66B	-399.52B	-202.03B	230.02B	-595.44B
Financing Cash Flow	-170.15B	-136.04B	-144.91B	93.65B	1.10T

ANA Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALNPY, the sentiment is Positive. The current price of 4.07 is above the 20-day moving average (MA) of 3.93, above the 50-day MA of 3.93, and above the 200-day MA of 3.82, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 59.58 is Neutral, neither overbought nor oversold. The STOCH value of 82.96 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ALNPY.

ANA Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAL	81 Outperform	$38.50B	8.55	30.07%	1.06%	3.01%	-0.90%
UAL	80 Outperform	$32.09B	10.11	27.70%	―	4.23%	13.13%
ALNPY	73 Outperform	$9.47B	9.36	14.05%	1.38%	8.17%	-1.67%
LTM	72 Outperform	$13.29B	11.26	161.29%	2.29%	5.64%	63.23%
Sector *	66 Neutral	€3.18B	23.94	6.98%	2.61%	-1.64%	-21.22%
LUV	62 Neutral	$16.12B	46.17	4.30%	2.29%	1.64%	284.24%
AAL	62 Neutral	$8.46B	16.93	-21.27%	―	1.50%	―