AirTrip (JP:6191)
:6191
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AirTrip
(6191)
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Rating:71Outperform
Price Target:
¥827.00
▲(4.16% Upside)
Action:UpgradedDate:02/18/26
The score is driven primarily by solid financial performance (good margins, improving balance sheet) and notably attractive valuation (low P/E). These positives are tempered by weaker cash-flow conversion and mixed technicals, with the stock still below longer-term moving averages.
Positive Factors
High gross & operating margins
Sustained gross margin near 57% and double-digit EBIT imply durable unit economics and pricing power in core travel services. Strong margins support reinvestment, cushion against cyclical demand swings, and provide structural capacity to finance product development and service improvements over months.
Negative Factors
Weak free cash flow conversion
A meaningful FCF decline (‑22.8% TTM) and FCF covering only ~62% of net income point to weaker cash conversion. This reduces internally available funds for capex, dividends or buybacks and increases reliance on external financing, constraining strategic optionality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross & operating margins
Sustained gross margin near 57% and double-digit EBIT imply durable unit economics and pricing power in core travel services. Strong margins support reinvestment, cushion against cyclical demand swings, and provide structural capacity to finance product development and service improvements over months.
Read all positive factors
AirTrip (6191) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥15.80B
Dividend Yield1.34%
Average Volume (3M)117.81K
Price to Earnings (P/E)4.0
Beta (1Y)0.79
Revenue Growth5.77%
EPS Growth-11.65%
CountryJP
Employees396
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Services
Share Statistics
EPS (TTM)47.14
Shares Outstanding22,772,064
10 Day Avg. Volume178,390
30 Day Avg. Volume117,813
Financial Highlights & Ratios
PEG Ratio-1.06
Price to Book (P/B)1.44
Price to Sales (P/S)0.78
P/FCF Ratio6.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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....
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 o...
AirTrip Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.76B | 28.10B | 26.57B | 23.39B | 13.59B | 17.52B |
| Gross Profit | 16.82B | 15.52B | 14.99B | 13.02B | 7.04B | 7.19B |
| EBITDA | 4.49B | 4.19B | 4.09B | 3.39B | 1.57B | 3.17B |
| Net Income | 2.45B | 1.78B | 2.01B | 1.27B | 1.71B | 2.37B |
Balance Sheet | ||||||
| Total Assets | 35.98B | 32.15B | 29.58B | 30.59B | 24.14B | 21.37B |
| Cash, Cash Equivalents and Short-Term Investments | 12.48B | 12.11B | 9.65B | 12.45B | 8.95B | 8.77B |
| Total Debt | 6.62B | 4.43B | 4.32B | 5.65B | 7.53B | 9.67B |
| Total Liabilities | 17.68B | 15.63B | 14.84B | 17.29B | 14.22B | 13.23B |
| Stockholders Equity | 16.00B | 15.25B | 13.73B | 12.34B | 9.19B | 7.47B |
Cash Flow | ||||||
| Free Cash Flow | 1.74B | 3.57B | 1.75B | 5.20B | 3.40B | 3.61B |
| Operating Cash Flow | 3.39B | 3.73B | 1.92B | 5.41B | 3.44B | 3.79B |
| Investing Cash Flow | -872.00M | -1.33B | -3.60B | -151.00M | -937.00M | -1.35B |
| Financing Cash Flow | -224.00M | -817.00M | -1.43B | -553.00M | -1.79B | -614.00M |
AirTrip Technical Analysis
Negative
794.00
Price Trends
720.82
Negative
739.43
Negative
834.29
Negative
Market Momentum
-3.27
Negative
46.36
Neutral
70.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6191, the sentiment is Negative. The current price of 794 is above the 20-day moving average (MA) of 703.25, above the 50-day MA of 720.82, and below the 200-day MA of 834.29, indicating a bearish trend. The MACD of -3.27 indicates Negative momentum. The RSI at 46.36 is Neutral, neither overbought nor oversold. The STOCH value of 70.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6191.
AirTrip Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥46.09B | 3.67 | ― | ― | 8.03% | 13.35% | |
71 Outperform | ¥15.80B | 4.02 | 12.02% | 1.34% | 5.77% | -11.65% | |
70 Outperform | ¥10.19B | 8.16 | ― | 3.16% | 8.41% | 20.97% | |
62 Neutral | ¥6.37B | 45.57 | ― | ― | 10.87% | 98.92% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | ¥13.91B | 20.62 | ― | 1.18% | 9.72% | -335.09% |
* Consumer Cyclical Sector Average
JP:6191
AirTrip
694.00
-182.07
-20.78%
JP:6030
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-49.61%
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812.00
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JP:7048
VELTRA Corporation
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KNT-CT Holdings Co., Ltd.
1,687.00
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49.82%
JP:343A
Iace Travel Corp.
1,263.00
418.42
49.54%
AirTrip Corporate Events
AirTrip Delivers Strong Q1 Profit Rebound but Keeps Cautious Full-Year Outlook
Feb 13, 2026
AirTrip Corp. reported strong first-quarter results for the fiscal year ending September 2026, with revenue rising 26.1% year on year to ¥8.02 billion and operating profit before depreciation and amortization jumping 79.1% to ¥1.21 billi...
AirTrip lifts profit on inbound and CVC gains despite slower online travel
Feb 13, 2026
AirTrip Corp. reported that growth in its core online travel business slowed further in the first quarter of FY2026.9, but group operating income before impairment rose 79.1% year on year to ¥12.1 billion due to tighter advertising spend and ...
AirTrip Revises FY2025 IFRS Results Over Revenue and Investment Accounting Errors
Dec 24, 2025
AirTrip Corp. announced that it has partially corrected its previously disclosed consolidated financial results for the fiscal year ending September 2025, originally released on November 14, 2025, citing errors in the accounting treatment of a por...
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.