Asia Air Survey Co., Ltd. (JP:9233)
:9233
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Asia Air Survey Co., Ltd.
(9233)
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Rating:73Outperform
Price Target:
¥1,189.00
▲(0.59% Upside)
Action:Upgraded
Date:12/18/25
The stock's overall score is driven by strong technical analysis and attractive valuation. Financial performance is solid, but cash flow management issues slightly dampen the outlook. The absence of earnings call and corporate events data means these factors do not influence the score.
Positive Factors
Consistent revenue growth
Persistent revenue growth indicates durable demand for the company’s aerial surveying and mapping services across government and private infrastructure projects. Steady top-line expansion supports capacity utilization, long-term client relationships, and reinvestment in data-processing capabilities essential for sustained market position.
Negative Factors
Negative free cash flow
Negative free cash flow and poor conversion of accounting income into cash undermine the company’s ability to self-fund capex, R&D, and working capital for multi-year contracts. Over time this can force greater reliance on external financing, constrain strategic investments, or pressure dividend policy.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Persistent revenue growth indicates durable demand for the company’s aerial surveying and mapping services across government and private infrastructure projects. Steady top-line expansion supports capacity utilization, long-term client relationships, and reinvestment in data-processing capabilities essential for sustained market position.
Read all positive factors
Asia Air Survey Co., Ltd. (9233) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥20.51B
Dividend Yield3.59%
Average Volume (3M)33.65K
Price to Earnings (P/E)14.2
Beta (1Y)0.29
Revenue Growth1.02%
EPS Growth7.04%
CountryJP
Employees1,762
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)99.10
Shares Outstanding18,614,000
10 Day Avg. Volume33,500
30 Day Avg. Volume33,650
Financial Highlights & Ratios
PEG Ratio-2.20
Price to Book (P/B)0.97
Price to Sales (P/S)0.51
P/FCF Ratio-27.38
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
Asia Air Survey Co., Ltd. Business Overview & Revenue Model
Company Description
Established in Tokyo, Japan, in 1949, Asia Air Survey Co., Ltd. (formerly Asia Airlines Measurement Ltd until its 1963 rebranding) operates as a construction consultancy firm, offering aerial surveying products and services globally. Their advance...
How the Company Makes Money
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Asia Air Survey Co., Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 41.59B | 40.27B | 37.30B | 33.67B | 32.51B |
| Gross Profit | 11.40B | 10.98B | 9.97B | 9.28B | 8.63B |
| EBITDA | 4.80B | 4.78B | 4.45B | 4.07B | 3.85B |
| Net Income | 1.80B | 1.90B | 1.85B | 1.73B | 1.73B |
Balance Sheet | |||||
| Total Assets | 39.63B | 36.41B | 33.69B | 31.53B | 28.91B |
| Cash, Cash Equivalents and Short-Term Investments | 4.71B | 6.83B | 8.09B | 5.52B | 7.07B |
| Total Debt | 5.89B | 3.72B | 2.43B | 2.23B | 2.39B |
| Total Liabilities | 17.38B | 15.21B | 13.67B | 13.14B | 11.63B |
| Stockholders Equity | 21.96B | 20.95B | 19.79B | 18.19B | 17.09B |
Cash Flow | |||||
| Free Cash Flow | -781.02M | -430.84M | 3.76B | 215.23M | 2.49B |
| Operating Cash Flow | 704.46M | 530.12M | 4.91B | 877.36M | 3.13B |
| Investing Cash Flow | -3.22B | -2.18B | -1.86B | -1.64B | -1.30B |
| Financing Cash Flow | 458.44M | 166.58M | -479.57M | -793.86M | -326.15M |
Asia Air Survey Co., Ltd. Technical Analysis
Positive
1182.00
Price Trends
1132.28
Positive
1186.73
Negative
1181.80
Negative
Market Momentum
-0.93
Negative
56.74
Neutral
76.67
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 1182 is above the 20-day moving average (MA) of 1103.35, above the 50-day MA of 1132.28, and above the 200-day MA of 1181.80, indicating a neutral trend. The MACD of -0.93 indicates Negative momentum. The RSI at 56.74 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥176.59B | 13.86 | ― | 2.81% | 12.49% | 26.17% | |
73 Outperform | ¥20.51B | 14.21 | ― | 3.59% | 1.02% | 7.04% | |
73 Outperform | ¥79.92B | 11.90 | ― | 1.25% | 4.37% | 6.30% | |
70 Outperform | ¥8.00B | 14.64 | ― | 2.03% | 26.86% | 0.06% | |
70 Outperform | ¥3.82B | 3.72 | ― | 1.16% | 36.36% | 155.68% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | ¥1.86B | 12.69 | ― | 2.11% | 0.58% | -57.82% |
* Industrials Sector Average
JP:9233
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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.