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

• Market Cap: ¥20.89B
• Dividend Yield: 3.78%
• Average Volume (3M): 33.65K
• Price to Earnings (P/E): 15.5
• Beta (1Y): 0.22
• Revenue Growth: 3.28%
• EPS Growth: -5.51%
• Country: JP
• Employees: 1,762
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 28.06
• Shares Outstanding: 18,614,000
• 10 Day Avg. Volume: 33,500
• 30 Day Avg. Volume: 33,650
• PEG Ratio: 4.48
• Price to Book (P/B): 1.02
• Price to Sales (P/S): 0.53
• P/FCF Ratio: -22.33
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ¥1,281.00 ▲(9.96% Upside)

Asia Air Survey Co., Ltd. shows strong financial performance with robust revenue growth and operational efficiency. However, recent cash flow challenges need attention. Technical indicators suggest potential short-term weakness, while valuation metrics indicate the stock is fairly valued with a good dividend yield. The absence of earnings call data and corporate events means these factors did not influence the score.

Positive Factors

Revenue Growth

The company's consistent revenue growth trend, with a 20.6% increase from 2022 to 2023, highlights its expanding market presence and demand for its services, supporting long-term business sustainability.

Operational Efficiency

Healthy EBIT and EBITDA margins reflect strong operational efficiency, ensuring the company can maintain profitability and competitive pricing, which is crucial for long-term success.

Market Position

As a leading provider in its field, the company's strong market position allows it to leverage its expertise and reputation to secure contracts and partnerships, ensuring sustained business growth.

Negative Factors

Cash Flow Challenges

Negative free cash flow periods suggest potential cash management issues, which could limit the company's ability to invest in growth opportunities and manage financial obligations effectively.

Net Profit Margin Variability

Variability in net profit margins indicates challenges in maintaining consistent profitability, which could affect investor confidence and the company's ability to reinvest in its operations.

Equity Ratio Decline

A declining equity ratio may indicate increasing liabilities relative to equity, which could elevate financial risk and impact the company's long-term financial stability.

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

Company Description

Asia Air Survey Co., Ltd. (9233) is a leading provider of aerial survey and remote sensing services in Asia. The company specializes in geospatial data collection, analysis, and mapping services, catering to various sectors such as urban planning, environmental monitoring, and disaster management. Its core products include high-resolution aerial imagery, LiDAR data, and geographic information systems (GIS) solutions, which are utilized by government agencies, private enterprises, and research institutions.

How the Company Makes Money

Asia Air Survey Co., Ltd. generates revenue primarily through its surveying and mapping services, which are billed on a project basis. The company has established key revenue streams from government contracts, particularly for infrastructure development and environmental assessments. Additionally, it earns income from private sector clients who require geospatial data for urban development and land use planning. Significant partnerships with local and international organizations enhance its service offerings and market reach, contributing to stable earnings. The company also invests in technology to develop innovative solutions, which can create new revenue opportunities through enhanced service capabilities.

Asia Air Survey Co., Ltd. Financial Statement Overview

Summary

Asia Air Survey Co., Ltd. demonstrates strong revenue growth and operational efficiency. The balance sheet reflects financial stability, but recent cash flow challenges suggest a need for enhanced cash management. Overall, the company is on a solid financial footing but should address cash flow inconsistencies to support 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.78B	40.27B	37.30B	33.67B	32.51B	30.12B
Gross Profit	10.83B	10.98B	9.97B	9.28B	8.63B	7.76B
EBITDA	4.14B	4.78B	4.45B	4.07B	3.85B	3.56B
Net Income	1.35B	1.90B	1.85B	1.73B	1.73B	1.75B
Balance Sheet
Total Assets	33.28B	36.41B	33.69B	31.53B	28.91B	27.99B
Cash, Cash Equivalents and Short-Term Investments	8.72B	6.83B	8.09B	5.52B	7.07B	5.56B
Total Debt	229.24M	3.72B	2.43B	2.23B	2.39B	2.15B
Total Liabilities	11.69B	15.21B	13.67B	13.14B	11.63B	12.35B
Stockholders Equity	21.32B	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: Positive
• Last Price: 1165.00
• 50DMA: Positive
• 100DMA: Negative
• 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 Positive. The current price of 1165 is above the 20-day moving average (MA) of 1160.50, above the 50-day MA of 1161.54, and above the 200-day MA of 1135.95, indicating a bullish trend. The MACD of 4.25 indicates Negative momentum. The RSI at 55.98 is Neutral, neither overbought nor oversold. The STOCH value of 64.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	¥27.45B	13.61	―	2.34%	3.01%	-13.60%
1870	79 Outperform	¥94.73B	12.42	―	3.79%	35.73%	62.37%
1948	78 Outperform	¥26.43B	8.94	―	2.83%	14.48%	122.79%
9765	76 Outperform	¥16.69B	14.02	―	3.99%	-3.59%	-15.46%
2153	75 Outperform	¥29.62B	8.47	―	4.07%	18.41%	7.99%
9233	68 Neutral	¥20.89B	15.51	―	3.78%	3.28%	-5.51%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%