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Trinity Airways
(091810)
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Rating:43Neutral
Price Target:
$2,104.00
Action:N/A
Date:10/28/26
The score is weighed down primarily by weak financial performance—deepening losses, negative equity, and deteriorating cash flow—raising financial flexibility and funding-risk concerns. Technicals add further pressure with a pronounced downtrend and bearish momentum, while valuation provides limited support because losses make the P/E less informative and there is no dividend yield.
Positive Factors
Revenue Growth
Meaningful revenue expansion shows that Trinity Airways is continuing to generate top-line demand in its passenger air travel business. If maintained, this growth can provide a larger operating base and create more opportunity to restore profitability once the current margin deterioration is addressed.
Negative Factors
Profitability Collapse
The shift from profitability to deeper losses and negative gross margin is a major threat to durable earnings power. It suggests that revenue growth is not currently translating into economic value, while prolonged operating losses can restrict investment and weaken the business’s ability to recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Meaningful revenue expansion shows that Trinity Airways is continuing to generate top-line demand in its passenger air travel business. If maintained, this growth can provide a larger operating base and create more opportunity to restore profitability once the current margin deterioration is addressed.
Read all positive factors
Trinity Airways (091810) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩210.42B
Dividend YieldN/A
Average Volume (3M)55.06K
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue Growth27.47%
EPS Growth-49.90%
CountryKR
Employees3,380
SectorGeneral
Sector StrengthN/A
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-7362.45
Shares Outstanding102,106,094
10 Day Avg. Volume66,775
30 Day Avg. Volume55,064
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)6.32
Price to Sales (P/S)0.18
P/FCF Ratio5.46
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)-2,360
Revenue Forecast (FY)₩2.19T
Trinity Airways Business Overview & Revenue Model
Company Description
T'Way Air Co., Ltd. is a South Korean airline, established in 2003, which offers air transportation services. Headquartered in Seoul, the company previously traded as Hansung Airlines Co. Ltd. before adopting its present name in August 2010....
Trinity Airways Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
18
Very Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.06T | 1.80T | 1.54T | 1.35T | 525.82B | 214.40B |
| Gross Profit | -104.84B | -78.16B | 134.20B | 252.44B | -43.48B | -109.12B |
| EBITDA | -156.49B | -89.91B | 85.01B | 245.82B | -30.17B | -80.68B |
| Net Income | -444.79B | -339.56B | -65.88B | 99.13B | -118.67B | -156.24B |
Balance Sheet | ||||||
| Total Assets | 2.18T | 2.03T | 1.56T | 1.28T | 1.04T | 735.05B |
| Cash, Cash Equivalents and Short-Term Investments | 376.60B | 301.93B | 271.40B | 332.04B | 184.35B | 81.70B |
| Total Debt | 1.06T | 638.24B | 519.76B | 374.16B | 408.82B | 322.54B |
| Total Liabilities | 2.29T | 1.98T | 1.48T | 1.13T | 983.09B | 687.71B |
| Stockholders Equity | -108.56B | 52.03B | 82.28B | 157.14B | 59.40B | 47.34B |
Cash Flow | ||||||
| Free Cash Flow | -52.28B | 60.14B | 172.61B | 376.02B | 154.86B | 31.56B |
| Operating Cash Flow | 24.89B | 116.15B | 272.43B | 415.29B | 165.99B | 35.10B |
| Investing Cash Flow | -257.85B | -190.27B | -224.39B | -142.48B | -105.66B | -34.10B |
| Financing Cash Flow | 419.87B | 148.71B | -142.83B | -162.27B | 7.98B | -16.86B |
Trinity Airways Technical Analysis
Negative
―
Price Trends
2684.20
Negative
3050.85
Negative
4348.25
Negative
Market Momentum
-146.54
Positive
18.93
Positive
7.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:091810, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 2434.00, equal to the 50-day MA of 2684.20, and equal to the 200-day MA of 4348.25, indicating a bearish trend. The MACD of -146.54 indicates Positive momentum. The RSI at 18.93 is Positive, neither overbought nor oversold. The STOCH value of 7.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:091810.
Trinity Airways Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₩447.17B | -4.18 | ― | 1.63% | 11.71% | -104.91% | |
47 Neutral | ₩9.76T | -39.05 | ― | 2.84% | 20.71% | -118.52% | |
43 Neutral | ₩210.42B | -0.28 | ― | ― | 27.47% | -49.90% | |
42 Neutral | ₩278.80B | -3.29 | ― | 1.42% | -0.43% | -235.28% | |
41 Neutral | ₩236.31B | -1.18 | ― | 1.85% | -1.67% | -371.63% |
* General Sector Average
KR:091810
Trinity Airways
2,065.00
-6,512.07
-75.92%
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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.