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AIR Global
(NASDAQ:AIIR)
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Rating:64Neutral
Price Target:
$8.50
▲(16.44% Upside)
Action:Reiterated
Date:08/28/26
The score is primarily supported by solid profitability and strong (though declining) cash generation, alongside moderately positive near-term technical momentum. The main offsets are elevated leverage on the balance sheet and weak/unclear valuation signals due to a negative P/E and no dividend yield data.
Positive Factors
Durable Profitability
Strong gross and operating margins indicate meaningful economics in AIR Global’s nicotine and inhalation businesses. The improved net margin provides a profitable base for reinvestment, although sustaining operating leverage remains important.
Negative Factors
Elevated Leverage
The debt-heavy capital structure reduces financial flexibility and could constrain investment if profitability or cash generation weakens. Although leverage improved from 2024, debt remains material relative to equity and increases sensitivity to operating setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Durable Profitability
Strong gross and operating margins indicate meaningful economics in AIR Global’s nicotine and inhalation businesses. The improved net margin provides a profitable base for reinvestment, although sustaining operating leverage remains important.
Read all positive factors
AIR Global (AIIR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.17B
Dividend YieldN/A
Average Volume (3M)10.37K
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)N/A
Shares Outstanding160,386,600
10 Day Avg. Volume8,732
30 Day Avg. Volume10,373
Financial Highlights & Ratios
PEG Ratio-1.90
Price to Book (P/B)1.73
Price to Sales (P/S)0.91
P/FCF Ratio4.03
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$10.00Price Target Upside36.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AIR Global Business Overview & Revenue Model
Company Description
Established in 1999, AIR Global PLC is headquartered in Dubai, United Arab Emirates. The company focuses on the production and distribution of hookah and other inhalation devices. It primarily conducts its sales through an online business-to-busin...
AIR Global Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 135.69M | 399.74M | 376.64M | 364.03M | 0.00 |
| Gross Profit | 76.77M | 224.34M | 217.63M | 200.47M | 0.00 |
| EBITDA | 27.28M | 103.24M | 112.99M | 86.80M | -6.29K |
| Net Income | -73.79M | 46.80M | 34.12M | 53.75M | -6.29K |
Balance Sheet | |||||
| Total Assets | 759.13M | 723.19M | 656.02M | 680.71M | 6.21K |
| Cash, Cash Equivalents and Short-Term Investments | 85.41M | 119.46M | 71.70M | 51.16M | 0.00 |
| Total Debt | 422.09M | 400.81M | 399.94M | 465.90M | 0.00 |
| Total Liabilities | 566.31M | 513.82M | 503.74M | 555.09M | 0.00 |
| Stockholders Equity | 192.83M | 209.37M | 152.28M | 117.86M | 6.21K |
Cash Flow | |||||
| Free Cash Flow | -14.38M | 90.08M | 128.45M | 49.17M | 0.00 |
| Operating Cash Flow | -13.26M | 115.89M | 150.87M | 64.98M | 0.00 |
| Investing Cash Flow | -10.07M | -26.77M | -26.18M | -16.56M | 0.00 |
| Financing Cash Flow | -10.72M | -41.37M | -104.14M | -94.69M | 0.00 |
AIR Global Peers Comparison
UnderperformOutperform
Sector (62)
AIIR
AIR Global
7.30
-2.97
-28.92%
BSLK
Bolt Projects Holdings
0.05
-3.69
-98.66%
FORL
Four Leaf Acquisition Corporation Class A
11.00
-0.79
-6.66%
QETA
Quetta Acquisition Corp.
11.67
0.59
5.37%
AIR Global Corporate Events
AIR Global Wins Shareholder Backing for $52 Million Buyback and Expanded Repurchase Authority
Aug 26, 2026
AIR Global PLC, a global leader in flavored inhalation technologies and modern nicotine products, operates a broad portfolio of brands and partnerships that connect technology, science and commercial platforms to target adult consumers in fast-gro...
AIR Global Posts First-Half 2026 Results as Newly Listed Nasdaq Company
Aug 20, 2026
On August 20, 2026, AIR Global reported its first-half 2026 results, showing revenue up 3.7% to $206.9 million and stable adjusted EBITDA at $71.7 million despite a 9% drop in FSM shipment volumes and severe supply-chain disruption from the closur...
AIR Global Calls August EGM to Approve Major Share Buybacks and Governance Changes
Aug 5, 2026
AIR Global PLC is a Jersey-incorporated company headquartered in Dubai, United Arab Emirates, and listed in the United States as a foreign private issuer. The company has a global shareholder base and is governed by Jersey corporate law, with its ...
AIR Global Invests $20 Million in Greentank to Advance Crown Switch Vape Platform
Jul 29, 2026
On July 29, 2026, AIR Global PLC announced a USD $20 million strategic equity investment in Greentank Innovations, a specialist in advanced vaporization hardware, expanding a partnership first formed in 2023. The deal, struck at a USD $170 million...
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.