Asia Air Survey Co., Ltd. (9233) AI Stock Analysis

• Market Cap: ¥20.86B
• Dividend Yield: 2.6%
• Average Volume (3M): 9.63K
• Price to Earnings (P/E): 15.5
• Beta (1Y): 0.24
• Revenue Growth: 6.44%
• EPS Growth: -25.60%
• Country: JP
• Employees: 1,762
• Sector: Industrials
• Sector Strength: 84
• Industry: Engineering & Construction
• EPS (TTM): 151.48
• Shares Outstanding: 18,614,000
• 10 Day Avg. Volume: 14,740
• 30 Day Avg. Volume: 9,626
• PEG Ratio: 0.15
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -17.04
• 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: 76 Outperform
• Price Target: ¥1,261.00 ▲(11.49%Upside)

The company's strong financial performance, marked by revenue growth and a stable balance sheet, drives the stock score. Valuation metrics are favorable due to a reasonable P/E ratio and high dividend yield. Technical indicators show stable trading patterns, reinforcing the stock's solid position. However, cash flow management remains an area for improvement.

Asia Air Survey Co., Ltd. Business Overview & Revenue Model

Company Description

Asia Air Survey Co., Ltd. (9233) is a Japanese company specializing in geospatial information services. The company operates in sectors such as aerial surveying, geospatial data analysis, and civil engineering consulting. Its core services include aerial photography, satellite imagery, and GIS (Geographic Information Systems) solutions, aimed at supporting infrastructure development, urban planning, and environmental management.

How the Company Makes Money

Asia Air Survey Co., Ltd. generates revenue primarily through contracts and projects in the fields of aerial surveying and geospatial services. The company earns income by providing aerial photography and satellite imagery services to government agencies, private sector clients, and international organizations. Additionally, it offers geospatial data analysis and consulting services, which involve creating digital maps, 3D models, and GIS applications. These services are crucial for industries such as construction, transportation, disaster management, and environmental conservation. The company may also engage in partnerships with technology providers and other firms to enhance its offerings and expand its market reach.

Asia Air Survey Co., Ltd. Financial Statement Overview

Summary

Strong revenue growth and operational efficiency are evident, with a robust balance sheet. However, recent cash flow challenges highlight a need for improved cash management to sustain future growth.

Income Statement

Asia Air Survey Co., Ltd. shows strong income statement metrics with a consistent revenue growth trend, reaching 20.6% from 2022 to 2023 and a slight increase in gross profit margin. The EBIT and EBITDA margins are healthy, indicating good control over operational expenses. However, the net profit margin shows minor fluctuations, reflecting some variability in net income management.

Balance Sheet

The company's balance sheet reveals a solid equity position with a growing stockholders' equity, accounting for 53.3% of total assets. The debt-to-equity ratio is moderate, indicating balanced leverage. However, the equity ratio shows a slight decline from last year, suggesting a need to monitor liabilities closely. Overall, the company maintains stability with manageable risk.

Cash Flow

Cash flow metrics for Asia Air Survey Co., Ltd. are mixed, with periods of negative free cash flow indicating potential cash management challenges. The operating cash flow to net income ratio was not calculable for the latest period, pointing to a need for improved operational cash generation. Previous periods show better cash flow alignment, but recent trends suggest careful monitoring.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
40.22B	40.27B	37.30B	33.67B	32.51B	30.12B
	Gross Profit
10.45B	10.98B	9.97B	9.28B	8.63B	7.76B
	EBIT
2.07B	2.85B	2.75B	2.47B	2.34B	2.07B
	EBITDA
3.73B	4.78B	4.45B	4.07B	3.85B	3.56B
	Net Income Common Stockholders
1.32B	1.90B	1.85B	1.73B	1.73B	1.75B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.95B	6.83B	8.09B	5.52B	7.07B	5.56B
	Total Assets
37.82B	36.41B	33.69B	31.53B	28.91B	27.99B
	Total Debt
6.06B	3.72B	2.43B	2.23B	2.39B	2.15B
	Net Debt
3.11B	-3.10B	-5.67B	-3.29B	-4.68B	-3.42B
	Total Liabilities
17.40B	15.21B	13.67B	13.14B	11.63B	12.35B
	Stockholders Equity
20.17B	20.95B	19.79B	18.19B	17.09B	15.48B
Cash Flow		Free Cash Flow
0.00	-952.33M	3.02B	-813.41M	2.10B	1.07B
	Operating Cash Flow
0.00	594.12M	4.91B	878.36M	3.18B	2.49B
	Investing Cash Flow
0.00	-2.18B	-1.86B	-1.64B	-1.30B	-1.21B
	Financing Cash Flow
0.00	102.58M	-480.57M	-794.86M	-378.15M	-437.74M

Asia Air Survey Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1131.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9233, the sentiment is Neutral. The current price of 1131 is above the 20-day moving average (MA) of 1130.85, above the 50-day MA of 1110.92, and above the 200-day MA of 1108.43, indicating a bullish trend. The MACD of 12.23 indicates Negative momentum. The RSI at 50.12 is Neutral, neither overbought nor oversold. The STOCH value of 38.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9233.

Asia Air Survey Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9768	80 Outperform	¥20.19B	8.80		3.18%	4.91%	8.67%
1870	78 Outperform	¥72.46B	12.82		1.19%	17.42%	-12.68%
9233	76 Outperform	¥20.86B	15.46		2.60%	6.44%	-25.60%
2153	76 Outperform	¥26.35B	8.35		5.38%	0.39%	-12.13%
9765	76 Outperform	¥15.28B	11.02		4.30%	6.59%	-0.46%
1948	74 Outperform	¥21.74B	7.85		4.20%	12.61%	204.82%
Sector *	66 Neutral	$4.44B	12.06	5.34%	6.22%	4.17%	-11.81%