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

• Market Cap: ¥22.38B
• Dividend Yield: 4.2%
• Average Volume (3M): 30.52K
• Price to Earnings (P/E): 16.6
• Beta (1Y): 0.20
• Revenue Growth: 6.32%
• EPS Growth: -26.18%
• Country: JP
• Employees: 1,762
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -62.62
• Shares Outstanding: 18,614,000
• 10 Day Avg. Volume: 22,770
• 30 Day Avg. Volume: 30,520
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥1,348.00
• Price Target Upside: 8.97% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: ¥1,348.00 ▲(8.97% Upside)

The overall stock score of 68 reflects strong financial performance, particularly in revenue growth and operational efficiency, despite cash flow challenges. Technical analysis indicates a lack of strong momentum, but valuation metrics are favorable with a reasonable P/E ratio and attractive dividend yield. The absence of earnings call and corporate events data did not impact the score.

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

Company Description

Asia Air Survey Co., Ltd., a construction consulting company, provides aerial surveying services and products in Japan and internationally. The company offers geospatial survey services, including space-borne remote sensing, aerial photography, airborne and mobile LiDAR surveying, UAV aerial surveying services, etc. It also engages in map-making, GIS data preparation, 3D model creation and visualization, LiDAR data analysis and visualization, administration-support GIS, and mapping system and 3DViewer system development activities, as well as the provision of red relief image maps. In addition, the company provides disaster management services, including erosion control, volcanic disaster prevention, and river disaster prevention consulting, as well as regional planning for disaster prevention; and environmental management services, such as biodiversity conservation, environmental assessment, forest resources management, soil contamination investigation, support for environmental rehabilitation, and renewable energy development. Further, it offers infrastructure asset management services, including urban and regional planning; planning and designing of public facilities, such as roads, ports, bridges, rivers, and lifeline facilities; maintenance engineering services comprising investigation, diagnosis, analysis, monitoring, and reinforcement; and system and database for facility management. The company was formerly known as Asia Airlines Measurement Ltd and changed its name to Asia Air Survey Co., Ltd. in 1963. Asia Air Survey Co., Ltd. was founded in 1949 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Asia Air Survey Co., Ltd. generates revenue through its diverse service offerings in aerial surveying and geospatial information systems. The company earns money by providing aerial photography and 3D mapping services to various industries, including construction, urban planning, and environmental management. Key revenue streams include contracts with government agencies for disaster prevention and infrastructure projects, as well as partnerships with private sector companies for GIS applications and environmental consulting services. These projects often involve long-term contracts and collaborations, which provide a stable income source for the company.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.23B	40.27B	37.30B	33.67B	32.51B	30.12B
Gross Profit	10.54B	10.98B	9.97B	9.28B	8.63B	7.76B
EBITDA	4.02B	4.78B	4.45B	4.07B	3.85B	3.56B
Net Income	1.36B	1.90B	1.85B	1.73B	1.73B	1.75B
Balance Sheet
Total Assets	48.34B	36.41B	33.69B	31.53B	28.91B	27.99B
Cash, Cash Equivalents and Short-Term Investments	5.35B	6.83B	8.09B	5.52B	7.07B	5.56B
Total Debt	11.44B	3.72B	2.43B	2.23B	2.39B	2.15B
Total Liabilities	25.33B	15.21B	13.67B	13.14B	11.63B	12.35B
Stockholders Equity	22.73B	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: 1237.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 1237 is below the 20-day moving average (MA) of 1257.85, above the 50-day MA of 1232.90, and above the 200-day MA of 1146.32, indicating a neutral trend. The MACD of -3.32 indicates Positive momentum. The RSI at 46.82 is Neutral, neither overbought nor oversold. The STOCH value of 27.88 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
2153	78 Outperform	¥32.82B	8.93	9.41%	3.68%	14.78%	5.49%
1870	77 Outperform	¥99.81B	13.09	8.20%	3.45%	27.51%	11.09%
9765	76 Outperform	¥16.97B	13.56	―	3.70%	9.77%	0.11%
9768	76 Outperform	¥23.85B	11.47	8.27%	2.69%	2.09%	-13.85%
1948	75 Outperform	¥23.27B	8.40	12.55%	3.23%	12.22%	137.16%
9233	68 Neutral	¥22.38B	16.61	―	4.20%	6.32%	-26.18%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%