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Air Busan Co., Ltd.
(298690)
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Rating:41Neutral
Price Target:
₩1,408.00
Action:N/A
Date:10/28/26
The score is held down primarily by weakened profitability (operating losses and a large net loss), elevated leverage (high debt-to-equity on a thin equity base), and negative free cash flow. Technicals add further pressure with the price below key moving averages and negative MACD. Valuation provides limited offset because the negative P/E reflects losses and dividend yield is unavailable.
Positive Factors
Revenue and EBITDA Base
Positive TTM revenue growth indicates that Air Busan continues to generate demand despite weaker profitability. Positive EBITDA also shows that the underlying operating platform still produces earnings before non-cash and financing items, providing a base for recovery if margins improve.
Negative Factors
Severe Profitability Deterioration
The shift from profitable operations in 2023–2024 to operating losses and a large net loss shows that current revenue is not translating into sustainable earnings. Thin gross margins leave little buffer against cost pressure, making profitability recovery important to long-term stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and EBITDA Base
Positive TTM revenue growth indicates that Air Busan continues to generate demand despite weaker profitability. Positive EBITDA also shows that the underlying operating platform still produces earnings before non-cash and financing items, providing a base for recovery if margins improve.
Read all positive factors
Air Busan Co., Ltd. (298690) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩233.05B
Dividend Yield1.85%
Average Volume (3M)59.23K
Price to Earnings (P/E)―
Beta (1Y)0.19
Revenue Growth-1.67%
EPS Growth-371.63%
CountryKR
Employees1,266
SectorGeneral
Sector StrengthN/A
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-1225.36
Shares Outstanding162,914,870
10 Day Avg. Volume71,326
30 Day Avg. Volume59,226
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.25
Price to Sales (P/S)0.24
P/FCF Ratio-2.26
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)-47
Revenue Forecast (FY)₩844.00B
Air Busan Co., Ltd. Business Overview & Revenue Model
Company Description
Air Busan Co., Ltd. specializes in providing air travel services for passengers, operating both national and international flights. Founded in 2007, its primary corporate office is located in Busan, South Korea....
Air Busan Co., Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
27
Negative
Cash Flow
43
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 904.65B | 832.59B | 1.01T | 890.44B | 404.99B | 176.50B |
| Gross Profit | 25.29B | 54.09B | 210.02B | 213.88B | -40.51B | -175.24B |
| EBITDA | 105.57B | 155.96B | 212.64B | 285.63B | 19.31B | -168.47B |
| Net Income | -160.52B | -22.69B | 2.42B | 104.15B | -150.40B | -265.96B |
Balance Sheet | ||||||
| Total Assets | 1.42T | 1.48T | 1.42T | 1.36T | 1.23T | 1.01T |
| Cash, Cash Equivalents and Short-Term Investments | 69.85B | 129.95B | 198.68B | 190.18B | 159.43B | 47.70B |
| Total Debt | 787.34B | 760.73B | 728.38B | 632.39B | 617.41B | 533.84B |
| Total Liabilities | 1.34T | 1.32T | 1.28T | 1.17T | 1.10T | 879.21B |
| Stockholders Equity | 81.25B | 160.58B | 139.10B | 186.81B | 126.66B | 130.53B |
Cash Flow | ||||||
| Free Cash Flow | -30.30B | -88.91B | 162.71B | 196.76B | 76.74B | -151.77B |
| Operating Cash Flow | 130.37B | 63.88B | 289.19B | 281.76B | 113.03B | -69.06B |
| Investing Cash Flow | -96.11B | -92.63B | -59.31B | -239.76B | 11.06B | -126.90B |
| Financing Cash Flow | -50.26B | 14.62B | -159.51B | -167.79B | 31.94B | 152.90B |
Air Busan Co., Ltd. Technical Analysis
Negative
―
Price Trends
1507.12
Negative
1526.72
Negative
1706.82
Negative
Market Momentum
-16.35
Positive
32.13
Neutral
7.71
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:298690, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 1487.90, equal to the 50-day MA of 1507.12, and equal to the 200-day MA of 1706.82, indicating a bearish trend. The MACD of -16.35 indicates Positive momentum. The RSI at 32.13 is Neutral, neither overbought nor oversold. The STOCH value of 7.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:298690.
Air Busan Co., Ltd. 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 | ₩260.87B | -34.56 | ― | 3.69% | 3.82% | -140.26% | |
49 Neutral | ₩435.08B | -4.06 | ― | 1.63% | 11.71% | -104.91% | |
47 Neutral | ₩9.80T | -39.20 | ― | 2.82% | 20.71% | -118.52% | |
43 Neutral | ₩204.82B | -0.27 | ― | ― | 27.47% | -49.90% | |
42 Neutral | ₩274.16B | -3.24 | ― | 1.42% | -0.43% | -235.28% | |
41 Neutral | ₩233.05B | -1.17 | ― | 1.85% | -1.67% | -371.63% |
* General Sector Average
KR:298690
Air Busan Co., Ltd.
1,431.00
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-21.80%
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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.