Star Flyer Inc. (9206) AI Stock Analysis

• Market Cap: ¥8.28B
• Dividend Yield: N/A
• Average Volume (3M): 17.11K
• Price to Earnings (P/E): 4.1
• Beta (1Y): 0.31
• Revenue Growth: 7.20%
• EPS Growth: 104.01%
• Country: JP
• Employees: 702
• Sector: Industrials
• Sector Strength: 88
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -28.47
• Shares Outstanding: 3,780,390
• 10 Day Avg. Volume: 7,610
• 30 Day Avg. Volume: 17,110
• PEG Ratio: -1.14
• Price to Book (P/B): 4.79
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -113.90
• 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

• Rating: 62 Neutral
• Price Target: ¥2,353.00 ▲(7.39%Upside)

The overall stock score reflects strong financial performance and undervaluation, tempered by bearish technical indicators. The company's financials show significant improvement, but technical analysis suggests caution due to oversold conditions and negative momentum.

Star Flyer Inc. Business Overview & Revenue Model

Company Description

Star Flyer Inc. provides air transportation services in Japan and internationally. The company offers passenger handling services, such as ticketing, boarding information, and baggage storage for airline passengers; and ground handling services comprising aircraft takeoff and landing guidance, aircraft monitoring, and checked baggage and cargo loading and unloading. It is also involved in the call center operations, such as accepting reservations for its flights; and contracted airport handling, advertising, product sales, and facility rental businesses. The company was formerly knowns as Kobe Airlines Co., Ltd. and changed its name to Star Flyer Inc. in May 2003. Star Flyer Inc. incorporated in 2002 and is headquartered in Kitakyushu, Japan.

How the Company Makes Money

Star Flyer Inc. generates revenue primarily through the sale of passenger tickets for its flights, which constitute the bulk of its income. The company operates a fleet of aircraft designed to optimize fuel efficiency and capacity, supporting cost management and pricing strategies. Additionally, ancillary services such as baggage fees, seat selection, and in-flight sales contribute to its earnings. Star Flyer may also engage in strategic partnerships or alliances with other airlines and travel service providers to enhance its market reach and service offerings, although specific partnerships are not detailed here. Overall, its revenue model is centered on maximizing passenger load factors and optimizing operational efficiency.

Star Flyer Inc. Financial Statement Overview

Summary

Star Flyer Inc. is on a positive financial trajectory with improvements across income, balance sheet, and cash flow metrics. Revenue and profit growth are strong, leverage is better managed, and cash flow generation is robust. However, the moderate equity ratio poses some risk.

Income Statement

Star Flyer Inc. demonstrated a significant recovery in its income statement metrics. The gross profit margin improved to 10.53% from 8.13% the previous year, and the net profit margin rose to 4.48% from 2.28%. Revenue growth was strong at 7.21% year-over-year. The EBIT margin improved to 2.87% from 0.23%, and the EBITDA margin increased to 6.42% from 4.29%. These improvements indicate a positive trajectory in profitability and operational efficiency.

Balance Sheet

The balance sheet of Star Flyer Inc. shows a stable position with a debt-to-equity ratio of 0.73, improved from 1.80 the prior year, indicating better leverage management. Return on equity (ROE) improved to 44.79% from 28.33%, reflecting strong profitability relative to equity. The equity ratio is 17.50%, showing moderate financial stability. Despite improvements, the relatively low equity ratio presents a potential risk.

Cash Flow

Cash flow metrics for Star Flyer Inc. reveal robust growth. The free cash flow growth rate was an impressive 2862.07%, driven by significant operational improvements. The operating cash flow to net income ratio was 2.74, indicating strong cash generation relative to earnings. The free cash flow to net income ratio was 2.68, highlighting efficient cash management. These metrics suggest a strong cash flow position with positive growth trends.

Breakdown
TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
42.46B	42.90B	40.02B	32.27B	21.13B	18.29B
	Gross Profit
5.04B	4.52B	3.25B	1.22B	-3.98B	-8.57B
	EBIT
1.77B	1.23B	90.00M	-1.32B	-6.46B	-11.24B
	EBITDA
2.72B	2.75B	1.72B	104.00M	-3.92B	-7.86B
	Net Income Common Stockholders
2.82B	1.92B	912.00M	73.00M	-4.99B	-10.07B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.93B	10.81B	8.65B	6.14B	6.44B	16.06B
	Total Assets
23.90B	24.53B	23.55B	21.37B	20.09B	32.77B
	Total Debt
3.64B	3.13B	5.78B	3.58B	4.93B	10.90B
	Net Debt
-6.29B	-7.68B	-2.88B	-2.56B	-1.50B	-5.17B
	Total Liabilities
19.03B	20.24B	20.34B	19.61B	18.73B	26.49B
	Stockholders Equity
4.87B	4.29B	3.22B	1.76B	1.36B	6.28B
Cash Flow		Free Cash Flow
0.00	5.16B	174.00M	-74.00M	-5.27B	-4.13B
	Operating Cash Flow
0.00	5.27B	529.00M	122.00M	-5.23B	-3.72B
	Investing Cash Flow
0.00	-427.00M	-267.00M	-159.00M	1.07B	520.00M
	Financing Cash Flow
0.00	-2.65B	2.17B	-356.00M	-5.72B	9.04B

Star Flyer Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2191.00
• 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:9206, the sentiment is Negative. The current price of 2191 is below the 20-day moving average (MA) of 2206.95, below the 50-day MA of 2373.76, and below the 200-day MA of 2477.84, indicating a bearish trend. The MACD of -55.60 indicates Negative momentum. The RSI at 36.75 is Neutral, neither overbought nor oversold. The STOCH value of 22.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9206.

Star Flyer Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9063	73 Outperform	¥6.94B	7.25		2.04%	1.73%	-61.62%
9017	72 Outperform	¥7.91B	7.28		0.48%	2.99%	2.08%
9202	72 Outperform	¥1.36T	8.87		2.08%	10.02%	-2.91%
Sector *	66 Neutral	$4.51B	12.29	5.40%	3.67%	4.15%	-12.21%
9206	62 Neutral	¥8.28B	4.13		―	7.20%	104.01%
JPNRF		$8.87B	10.89	11.26%	0.02%	―	―
9204		¥30.83B	14.47		0.58%	―	―