AirTrip (6191) AI Stock Analysis

• Market Cap: ¥16.70B
• Dividend Yield: 1.34%
• Average Volume (3M): 117.81K
• Price to Earnings (P/E): 9.4
• Beta (1Y): 0.92
• Revenue Growth: 5.77%
• EPS Growth: -11.65%
• Country: JP
• Employees: 396
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Travel Services
• EPS (TTM): 9.67
• Shares Outstanding: 22,441,166
• 10 Day Avg. Volume: 178,390
• 30 Day Avg. Volume: 117,813
• PEG Ratio: 0.24
• Price to Book (P/B): 1.98
• Price to Sales (P/S): 1.03
• P/FCF Ratio: 21.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ¥783.00 ▲(5.24% Upside)

AirTrip's overall score is driven by a strong financial foundation and attractive valuation. However, bearish technical indicators and challenges in revenue growth and profitability weigh on the score. The absence of recent earnings call data and corporate events limits additional insights.

Positive Factors

Cash Generation Ability

Strong cash generation indicates AirTrip's ability to efficiently convert income into cash, supporting operational needs and potential investments.

Balance Sheet Health

A conservative leverage strategy with a low debt-to-equity ratio enhances financial stability and reduces risk, supporting long-term sustainability.

Operational Efficiency

Improved margins suggest enhanced operational efficiency, which can lead to better profitability and competitive positioning in the long term.

Negative Factors

Revenue Growth Challenges

Negative revenue growth highlights challenges in expanding market share and customer base, potentially impacting future profitability and market position.

Profitability Issues

Decreasing net profit margins indicate difficulties in maintaining profitability, which could affect financial performance and shareholder returns over time.

Return on Equity Decline

A declining return on equity suggests that the company is less effective in generating profits from shareholders' investments, potentially impacting investor confidence.

AirTrip Business Overview & Revenue Model

Company Description

AirTrip Corp. engages in the online travel agency business in Japan. It offers business travel management and other services. The company also offers IT offshore development project services, such as lab-type offshore development and BPO services. In addition, it engages in investment business. The company was formerly known as Evolable Asia Corp. and changed its name to AirTrip Corp. in January 2020. AirTrip Corp. was founded in 2007 and is based in Tokyo, Japan.

How the Company Makes Money

AirTrip Corp generates revenue primarily through commissions and service fees from travel bookings made through its online platform. The company earns a commission on each booking made for flights, hotels, and vacation packages. Additionally, it offers various ancillary services like travel insurance and car rentals, which contribute to its revenue. The company may also engage in strategic partnerships with airlines, hotels, and other travel service providers to enhance its offerings and expand its market reach. Furthermore, advertising and promotional partnerships on its platform can serve as additional revenue streams.

AirTrip Financial Statement Overview

Summary

AirTrip exhibits a solid financial standing with strong revenue growth, effective cost control, and a robust cash flow situation. The balance sheet reflects a stable financial foundation with moderate leverage and solid equity. However, the travel industry’s cyclical nature could influence future performance.

Income Statement

AirTrip shows a robust financial performance in its TTM (Trailing-Twelve-Months) data. The company has maintained a healthy gross profit margin of approximately 57.9% and a net profit margin of 8.1%. Revenue growth is strong, with a 13.5% increase from 2023 to 2024, indicating a positive trajectory. The EBIT and EBITDA margins are strong at 11.6% and 13.7% respectively, showcasing efficient operational management. However, the travel industry is susceptible to economic fluctuations, which can impact future profitability.

Balance Sheet

The balance sheet of AirTrip reflects solid financial stability. With a debt-to-equity ratio of 0.30, the company has a conservative leverage position, enhancing its financial flexibility. The return on equity (ROE) is commendable at 15.7%, indicating effective use of equity to generate profits. The equity ratio stands at 49.2%, showcasing a balanced capital structure. However, the industry’s inherent volatility could pose risks to maintaining these ratios in the long term.

Cash Flow

AirTrip demonstrates strong cash flow management. The free cash flow growth rate is significant, moving from 1.25 billion to 3.616 billion, an impressive increase of 189.3%. The operating cash flow to net income ratio of 1.76 indicates robust operational efficiency. Meanwhile, the free cash flow to net income ratio is 1.67, showing effective cash conversion. Nevertheless, travel services demand fluctuates, which could impact future cash flows.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	28.13B	28.02B	26.57B	23.39B	13.59B	17.52B
Gross Profit	16.02B	16.12B	15.53B	13.53B	7.58B	7.61B
EBITDA	4.25B	3.88B	3.11B	2.70B	2.72B	4.05B
Net Income	1.20B	1.84B	2.01B	1.27B	1.71B	2.37B
Balance Sheet
Total Assets	31.53B	32.37B	28.80B	30.59B	24.14B	21.37B
Cash, Cash Equivalents and Short-Term Investments	11.18B	12.11B	15.72B	12.45B	8.95B	8.77B
Total Debt	4.04B	4.60B	4.32B	5.65B	7.53B	9.67B
Total Liabilities	15.38B	15.80B	14.07B	17.30B	14.23B	13.24B
Stockholders Equity	15.03B	15.30B	13.73B	12.34B	9.19B	7.47B
Cash Flow
Free Cash Flow	2.67B	3.66B	1.25B	3.21B	2.12B	3.07B
Operating Cash Flow	4.16B	3.79B	2.27B	4.12B	2.81B	3.63B
Investing Cash Flow	-1.32B	-1.33B	-3.63B	-583.00M	-952.00M	-1.72B
Financing Cash Flow	-991.00M	-812.00M	-1.40B	-121.00M	-1.78B	-253.00M

AirTrip Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 744.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6191, the sentiment is Neutral. The current price of 744 is above the 20-day moving average (MA) of 737.00, below the 50-day MA of 804.38, and below the 200-day MA of 904.86, indicating a neutral trend. The MACD of -16.71 indicates Negative momentum. The RSI at 45.19 is Neutral, neither overbought nor oversold. The STOCH value of 79.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6191.

AirTrip Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6191	64 Neutral	¥16.70B	9.37	12.02%	1.34%	5.77%	-11.65%
6561	63 Neutral	¥12.22B	7.21	―	3.16%	8.41%	20.97%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
6030	46 Neutral	¥13.13B	-6.77	―	1.18%	9.72%	-335.09%
6548	39 Underperform	¥2.57B	-3.66	―	―	51.63%	-141.13%
6577	39 Underperform	¥2.98B	-93.68	―	0.91%	-8.75%	-111.94%
7048	39 Underperform	¥6.22B	-2,998.32	―	―	10.87%	98.92%

AirTrip Corporate Events

AirTrip Corp. Consolidates Hybrid Technologies as a Subsidiary

AirTrip Corp. announced the consolidation of Hybrid Technologies Co., Ltd. as a specified subsidiary, following an agreement with Soltec Investments Pte. Ltd. to exercise voting rights. This strategic move allows AirTrip to gain substantial control over Hybrid Technologies, which specializes in software development services utilizing resources in Japan and Vietnam, potentially enhancing AirTrip’s operational capabilities and market positioning.

The most recent analyst rating on (JP:6191) stock is a Buy with a Yen1044.00 price target. To see the full list of analyst forecasts on AirTrip stock, see the JP:6191 Stock Forecast page.

AirTrip Corp. Ends Shareholder Benefit Program to Focus on Strategic Growth

AirTrip Corp. announced the termination of its shareholder benefit program, the AirTrip-Premium Benefit Club, as part of a strategic shift to enhance shareholder returns and improve corporate value. The company is focusing on its medium- to long-term growth strategy, ‘AirTrip 5000,’ aiming to achieve significant financial targets and update its growth plans post-pandemic, reflecting a commitment to efficient capital use and sustainable growth.

The most recent analyst rating on (JP:6191) stock is a Buy with a Yen1044.00 price target. To see the full list of analyst forecasts on AirTrip stock, see the JP:6191 Stock Forecast page.

AirTrip Corp. Reports Revenue Growth Amid Profit Decline

AirTrip Corp. reported its consolidated financial results for the nine months ending June 30, 2025, showing a revenue increase of 8.4% year-on-year to 20,027 million yen. However, the company experienced a decline in net income by 30.5% compared to the previous year, indicating challenges in maintaining profitability despite revenue growth. The financial forecast for the fiscal year ending September 30, 2025, anticipates a modest increase in net sales but a significant drop in profit attributable to owners of the parent, reflecting ongoing financial pressures.

The most recent analyst rating on (JP:6191) stock is a Sell with a Yen1050.00 price target. To see the full list of analyst forecasts on AirTrip stock, see the JP:6191 Stock Forecast page.

AirTrip Corp. Announces Major Shareholder Changes

AirTrip Corp. announced significant changes in its major shareholders, with Munenori Oishi, the largest shareholder and Chairman of the Board, transferring his shares to Oishi Capital Corp., his asset management company. This transfer, along with a partial transfer from Yoshimura Holdings Inc., results in Oishi Capital Corp. becoming the largest major shareholder with over 28% of voting rights. This restructuring of share ownership is expected to impact the company’s governance and strategic direction, potentially influencing its market position and stakeholder interests.

The most recent analyst rating on (JP:6191) stock is a Sell with a Yen1050.00 price target. To see the full list of analyst forecasts on AirTrip stock, see the JP:6191 Stock Forecast page.

Oishi Capital to Acquire Significant Stake in AirTrip Corp.

AirTrip Corp. announced that Oishi Capital Corp. plans to acquire 6,305,700 shares of the company, representing 28.19% of total shareholder voting rights. This acquisition is significant as it falls under regulations equivalent to public tender offers, indicating a strategic move by Oishi Capital Corp. to increase its stake in AirTrip Corp., potentially impacting the company’s market positioning and shareholder dynamics.

The most recent analyst rating on (JP:6191) stock is a Sell with a Yen1050.00 price target. To see the full list of analyst forecasts on AirTrip stock, see the JP:6191 Stock Forecast page.