View ValuationTrinity Airways 将来の成長Future 基準チェック /46Trinity Airways利益と収益がそれぞれ年間133.7%と9.5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に21.1% 149.2%なると予測されています。主要情報133.7%収益成長率149.23%EPS成長率Airlines 収益成長26.1%収益成長率9.5%将来の株主資本利益率21.10%アナリストカバレッジLow最終更新日24 Apr 2026今後の成長に関する最新情報Price Target Changed • Nov 05Price target decreased by 38% to ₩2,067Down from ₩3,333, the current price target is an average from 3 analysts. New target price is 22% above last closing price of ₩1,699. Stock is down 47% over the past year. The company is forecast to post a net loss per share of ₩789 next year compared to a net loss per share of ₩309 last year.Major Estimate Revision • Feb 01Consensus EPS estimates fall by 86%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.58b to ₩1.55b. EPS estimate also fell from ₩121 per share to ₩17.33 per share. Net income forecast to grow 45% next year vs 6.2% growth forecast for Airlines industry in South Korea. Consensus price target up from ₩3,433 to ₩3,517. Share price fell 5.1% to ₩3,900 over the past week.Major Estimate Revision • Aug 02Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.58b to ₩1.60b. EPS estimate fell from ₩451 to ₩391 per share. Net income forecast to shrink 8.8% next year vs 4.2% decline forecast for Airlines industry in South Korea. Consensus price target broadly unchanged at ₩3,433. Share price was steady at ₩2,605 over the past week.Price Target Changed • Jul 19Price target increased by 10% to ₩3,383Up from ₩3,067, the current price target is an average from 6 analysts. New target price is 26% above last closing price of ₩2,690. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₩451 for next year compared to ₩506 last year.Major Estimate Revision • Jul 10Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.48b to ₩1.58b. EPS estimate fell from ₩479 to ₩423 per share. Net income forecast to shrink 2.3% next year vs 3.4% decline forecast for Airlines industry in South Korea. Consensus price target of ₩3,117 unchanged from last update. Share price rose 4.7% to ₩2,780 over the past week.Major Estimate Revision • Apr 17Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩480 to ₩423 per share. Revenue forecast steady at ₩1.49b. Net income forecast to shrink 9.0% next year vs 8.0% decline forecast for Airlines industry in South Korea. Consensus price target of ₩3,067 unchanged from last update. Share price fell 2.6% to ₩2,635 over the past week.すべての更新を表示Recent updatesBuy Or Sell Opportunity • Apr 01Now 26% overvaluedOver the last 90 days, the stock has fallen 38% to ₩893. The fair value is estimated to be ₩708, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 15% in a year. Earnings are forecast to grow by 61% in the next year.お知らせ • Mar 18T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 73.290148 billion.T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 73.290148 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 64,615,736 Price\Range: KRW 952 Discount Per Security: KRW 6.664 Security Name: Common Stock Security Type: Common Stock Securities Offered: 12,369,714 Price\Range: KRW 952 Discount Per Security: KRW 6.664 Transaction Features: ESOP Related Offering; Rights OfferingNew Risk • Jan 15New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.お知らせ • Dec 12+ 1 more updateT'Way Air Co., Ltd. announced that it expects to receive KRW 100.00000107 billion in funding from Sono International Co.,Ltd.T'Way Air Co., Ltd. announced a private placement to issue 63,816,210 shares at an issue price of KRW 1,567 per share for gross proceeds of KRW 100,000,001,070 on December 11, 2025. The transaction will include participation from returning investor Sono International Co.,Ltd. The transaction has been approved in the shareholders, expected to close on December 19, 2025 and restricted to a hold period.New Risk • Nov 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 5x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₩42b). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding).Price Target Changed • Nov 05Price target decreased by 38% to ₩2,067Down from ₩3,333, the current price target is an average from 3 analysts. New target price is 22% above last closing price of ₩1,699. Stock is down 47% over the past year. The company is forecast to post a net loss per share of ₩789 next year compared to a net loss per share of ₩309 last year.New Risk • Sep 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-₩42b). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).お知らせ • Aug 29T'Way Air Co., Ltd. announced that it has received KRW 200.000000513 billion in funding from Sono International Co.,Ltd., Sono Square Co.,Ltd., DB Securities Co., Ltd.On August 28, 2025, T'Way Air Co., Ltd. closed the transaction.Reported Earnings • Aug 20Second quarter 2025 earnings released: ₩363 loss per share (vs ₩115 loss in 2Q 2024)Second quarter 2025 results: ₩363 loss per share (further deteriorated from ₩115 loss in 2Q 2024). Revenue: ₩377.9b (up 16% from 2Q 2024). Net loss: ₩78.1b (loss widened 215% from 2Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Airlines industry in South Korea. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Jul 13Vancouver International Airport Celebrates Additional Asia-Pacific Connectivity with Inaugural Flight to SeoulVancouver International Airport (YVR) is proud to be the first airport in North America to welcome regular service from South Korean airline, T'way Air. The new T'way service provides the community with even more flexibility and convenience when travelling to South Korea and connections across Asia, but the benefits of this new service go beyond passengers alone. An additional air connection provides increased cargo capacity to further diversify trading markets and get British Columbia and Canadian products to consumers in Asia and around the world. 2024 was a record-breaking year for cargo out of YVR with more than 339,000 tonnes of goods shipped through the airport and South Korea is YVR's number two air export destination. Each new international route from YVR results in direct economic benefit, with the flight to Seoul estimated to generate $39.8 million in economic output, $20.8 million in GDP, and 237 full time jobs in the province. Prior to the flight departing for its inaugural 11-hour journey, Elders from Musqueam, joined by Musqueam Councilor Morgan Guerin, helped send passengers on their journey in a good way with traditional songs and hands raised. Since 2017, this relationship has been guided by the Musqueam-YVR Sustainability & Friendship Agreement, a 30-year commitment built on respect, reconciliation, and shared prosperity. Flights with T'way from Vancouver to Seoul are scheduled to depart YVR at 5:25 p.m. local time arriving at ICN the next day at 9:35 p.m. local time. T'way is operating this route using an Airbus 330-300 aircraft, offering347 seats, including lie-flat options in its Business Saver class, moving approximately 2,700 passengers weekly.お知らせ • Jun 19T'Way Air Co., Ltd. Launches Its "This Is Korea Moment" Promotion on Its Official WebsiteT'way Air has launched its "This is KOREA moment" promotion on its official website. Valid through June 30, the offer applies to all five of the airline's Europe - Incheon (Seoul) routes -- Rome, Paris, Barcelona, Frankfurt, and Zagreb-- for travel through March 28, 2026. During summer 2025, T'way Air operates daily Rome-Incheon and Frankfurt-Incheon flights; Paris-Incheon service runs five times weekly (Mon, Wed, Fri, Sat), and Zagreb-Incheon departs three times weekly (Mon, Wednesday, Fri, Sat). All flights include two complimentary meals in both Business and Economy classes. T'way Air operates its Europe routes using A330-200 and Boeing 777-300ER aircraft. T'way Air offers two limited-time vouchers until June 30, 2025: EUR70 Early Bird Voucher: valid on bookings of EUR600 or more, travel period September - March, 2026. EUR30 Off Voucher: valid on Bookings of EUR500 or more, travel through March 28, 20 26. EUR30 Prior Seat Voucher: valid for advance seat reservations on B777-300ER, valid through March 28, 2026; Plus, passengers entering promo code KOREA2506 at booking will save up to a 10% on any Europe - Seoul routes (actual savings vary with the exchange rate at purchase). While in Seoul, witness the guard-changing ceremony at Gyeongbokgung Palace in traditional hanbok, browse skincare boutiques and street food stalls in bustling Myeongdong, and learn about Korean history on a DMZ tour.お知らせ • May 28T'way Air to Inaugurate Direct Seoul-Vancouver Service on July 12, 2025T'way Air will inaugurate its first North American destination with direct service between Seoul and Vancouver on July 12, 2025. Operating four times weekly - Tuesdays, Thursdays, Saturdays and Sundays - the new flights meet growing demand for affordable, long-haul travel across key Asia-Pacific and North American markets. The outbound flight departs Incheon International Airport at 9:05 p.m. KST and arrives at Vancouver International Airport at 3:25 p.m. PDT. The return flight leaves Vancouver at 5:25 p.m. PST and lands in Seoul at 9:35 p.m. KST the following day. The new service marks a significant milestone in T'way Air's network expansion, joining its existing Asia-Pacific and European destinations. By directly linking Seoul with Canada's west coast, the airline offers both leisure and business travelers a seamless, cost-effective option. T'way Air will deploy its A330-300 aircraft, offering 12 flat-bed seats in Business Saver class with adjustable headrests, extra legroom, personal power outlets and individual reading lights. All passengers receive complimentary meals: two in Business Saver and one in Economy. Travelers bound for Korea can experience Seoul's fusion of history and modernity: explore Gyeongbokgung Palace, wander Insadong's traditional streets, hike Bukhansan's scenic trails, admire the futuristic curves of Dongdaemun Design Plaza, and shop the latest Korean beauty and fashion in Hongdae, Seongsu and Gangnam.お知らせ • Mar 18T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2025T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2025, at 14:00 Tokyo Standard Time. Location: conference room, 210, haneul-gil, gangseo-gu, seoul South Korea分析記事 • Mar 08T'Way Air Co., Ltd. (KRX:091810) May Have Run Too Fast Too Soon With Recent 27% Price PlummetT'Way Air Co., Ltd. ( KRX:091810 ) shares have had a horrible month, losing 27% after a relatively good period...Valuation Update With 7 Day Price Move • Feb 21Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩2,695, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 14% over the past three years.New Risk • Feb 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin).Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₩3,405, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 4.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩6,447 per share.Major Estimate Revision • Feb 01Consensus EPS estimates fall by 86%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.58b to ₩1.55b. EPS estimate also fell from ₩121 per share to ₩17.33 per share. Net income forecast to grow 45% next year vs 6.2% growth forecast for Airlines industry in South Korea. Consensus price target up from ₩3,433 to ₩3,517. Share price fell 5.1% to ₩3,900 over the past week.Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩3,395, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 24% over the past three years.分析記事 • Jan 21Why Investors Shouldn't Be Surprised By T'Way Air Co., Ltd.'s (KRX:091810) 35% Share Price SurgeT'Way Air Co., Ltd. ( KRX:091810 ) shares have had a really impressive month, gaining 35% after a shaky period...Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₩2,850, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 1.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩5,098 per share.New Risk • Nov 23New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 7.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Shareholders have been diluted in the past year (7.3% increase in shares outstanding).Buy Or Sell Opportunity • Nov 01Now 26% undervaluedOver the last 90 days, the stock has risen 22% to ₩3,175. The fair value is estimated to be ₩4,318, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 71% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 73% in the next 2 years.Valuation Update With 7 Day Price Move • Oct 10Investor sentiment improves as stock rises 30%After last week's 30% share price gain to ₩3,705, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 1.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩5,676 per share.分析記事 • Sep 20Why Investors Shouldn't Be Surprised By T'Way Air Co., Ltd.'s (KRX:091810) 27% Share Price SurgeT'Way Air Co., Ltd. ( KRX:091810 ) shareholders have had their patience rewarded with a 27% share price jump in the...Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩2,940, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩5,776 per share.分析記事 • Aug 29At ₩2,910, Is T'Way Air Co., Ltd. (KRX:091810) Worth Looking At Closely?T'Way Air Co., Ltd. ( KRX:091810 ), is not the largest company out there, but it saw a decent share price growth of 20...Major Estimate Revision • Aug 02Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.58b to ₩1.60b. EPS estimate fell from ₩451 to ₩391 per share. Net income forecast to shrink 8.8% next year vs 4.2% decline forecast for Airlines industry in South Korea. Consensus price target broadly unchanged at ₩3,433. Share price was steady at ₩2,605 over the past week.Price Target Changed • Jul 19Price target increased by 10% to ₩3,383Up from ₩3,067, the current price target is an average from 6 analysts. New target price is 26% above last closing price of ₩2,690. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₩451 for next year compared to ₩506 last year.Major Estimate Revision • Jul 10Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.48b to ₩1.58b. EPS estimate fell from ₩479 to ₩423 per share. Net income forecast to shrink 2.3% next year vs 3.4% decline forecast for Airlines industry in South Korea. Consensus price target of ₩3,117 unchanged from last update. Share price rose 4.7% to ₩2,780 over the past week.お知らせ • May 24T'way Air Launches A New Flight Between Zagreb and SeoulT'way Air has officially launched a new flight between Zagreb and Seoul on May 16th, marking the airline's first flight to Europe. This new route between Zagreb and Seoul (Incheon) is expected to enhance convenience for tourists and business travelers in both Croatia and Korea. The inauguration event marking this new milestone for the airline was held at Sheraton Zagreb Hotel on May 17th, attended by Sung-Hun Na, Vice Chairman of T'way Air, Hong-Geun Jeong, CEO of T'way Air; Damir Kušen, Croatian Ambassador to Korea; and Joongkeun Oh, Minister-Counselor of the Korean Embassy in Croatia, along with other guests. The Zagreb to Seoul flight operates three times a week – every Tuesday, Thursday, and Saturday, departing Zagreb International Airport at 9:25 PM and arriving at Seoul Incheon International Airport the next day at 3:25 PM local time, with a flight duration of approximately 11 hours. The return flight departs Seoul (Incheon) at 11:05 AM, arriving at Manas International Airport in Bishkek, Kyrgyzstan at 3:50 PM for refueling, and arrives in Zagreb at 7:55 PM. The total flight duration, including the refueling stop, is approximately 15 hours and 50 minutes. T'way Air will operate an Airbus A330-300 aircraft (347 seats) on this route. Alongside a regular economy cabin, there are 12 Business Saver seats. T'way Air offers complimentary in-flight meals twice to both Business Saver class and Economy class on this route.分析記事 • May 02There's Reason For Concern Over T'Way Air Co., Ltd.'s (KRX:091810) PriceIt's not a stretch to say that T'Way Air Co., Ltd.'s ( KRX:091810 ) price-to-sales (or "P/S") ratio of 0.5x seems quite...Major Estimate Revision • Apr 17Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩480 to ₩423 per share. Revenue forecast steady at ₩1.49b. Net income forecast to shrink 9.0% next year vs 8.0% decline forecast for Airlines industry in South Korea. Consensus price target of ₩3,067 unchanged from last update. Share price fell 2.6% to ₩2,635 over the past week.Buy Or Sell Opportunity • Mar 04Now 21% undervaluedOver the last 90 days, the stock has risen 17% to ₩2,650. The fair value is estimated to be ₩3,373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 61% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to decline by 27% in the next 2 years.Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩2,655, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩2,209 per share.New Risk • Nov 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 27% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).Price Target Changed • Nov 21Price target decreased by 7.9% to ₩3,200Down from ₩3,475, the current price target is an average from 5 analysts. New target price is 37% above last closing price of ₩2,340. Stock is up 30% over the past year. The company is forecast to post earnings per share of ₩404 next year compared to a net loss per share of ₩828 last year.Major Estimate Revision • Oct 18Consensus EPS estimates fall by 21%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩563 to ₩443 per share. Revenue forecast steady at ₩1.30b. Net income forecast to grow 280% next year vs 35% growth forecast for Airlines industry in South Korea. Consensus price target of ₩3,475 unchanged from last update. Share price fell 3.2% to ₩2,090 over the past week.Price Target Changed • Oct 10Price target decreased by 11% to ₩3,400Down from ₩3,800, the current price target is an average from 3 analysts. New target price is 58% above last closing price of ₩2,150. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩526 next year compared to a net loss per share of ₩828 last year.Price Target Changed • Jul 13Price target increased by 20% to ₩3,600Up from ₩3,000, the current price target is an average from 3 analysts. New target price is 9.8% above last closing price of ₩3,280. Stock is up 60% over the past year. The company is forecast to post earnings per share of ₩692 next year compared to a net loss per share of ₩828 last year.Reported Earnings • Mar 29Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: ₩828 loss per share (improved from ₩1,424 loss in FY 2021). Revenue: ₩525.8b (up 145% from FY 2021). Net loss: ₩118.7b (loss narrowed 24% from FY 2021). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year.Price Target Changed • Nov 16Price target increased to ₩3,600Up from ₩3,000, the current price target is an average from 2 analysts. New target price is 91% above last closing price of ₩1,880. Stock is down 48% over the past year. The company is forecast to post a net loss per share of ₩999 next year compared to a net loss per share of ₩1,424 last year.Price Target Changed • Apr 27Price target increased to ₩3,800Up from ₩3,000, the current price target is provided by 1 analyst. New target price is 19% above last closing price of ₩3,195. Stock is up 20% over the past year. The company is forecast to post a net loss per share of ₩254 next year compared to a net loss per share of ₩1,424 last year.Reported Earnings • Mar 28Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: ₩1,424 loss per share. Revenue: ₩214.4b (down 20% from FY 2020). Net loss: ₩156.2b (loss widened 13% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.6%. Over the next year, revenue is forecast to grow 156%, compared to a 61% growth forecast for the airlines industry in South Korea.Reported Earnings • Aug 23Second quarter 2021 earnings released: ₩277 loss per share (vs ₩895 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ₩46.0b (up 87% from 2Q 2020). Net loss: ₩39.9b (loss narrowed 21% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.Price Target Changed • Apr 07Price target increased to ₩2,933Up from ₩2,658, the current price target is an average from 2 analysts. New target price is 6.9% above last closing price of ₩2,745. Stock is up 4.9% over the past year.お知らせ • Apr 03T'Way Air Co., Ltd. announced that it has received KRW 80.000000608 billion in fundingOn April 1, 2021, T'Way Air Co., Ltd. (KOSE:A091810) closed the transaction.Reported Earnings • Mar 28Full year 2020 earnings released: ₩2,181 loss per share (vs ₩768 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ₩269.2b (down 67% from FY 2019). Net loss: ₩137.9b (loss widened 219% from FY 2019).お知らせ • Mar 18T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2021T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2021, at 09:01 Korea Standard Time.お知らせ • Mar 17T'Way Air Co., Ltd. announced that it expects to receive KRW 80.000000608 billion in fundingT'Way Air Co., Ltd. (KOSE:A091810) announced a private placement of 31,847,134 convertible preferred shares at a price of KRW 2,512 per share for gross proceeds of KRW 80,000,000,608 on March 16, 2021. The transaction will include participation from W Value Up Limited company. The company issued share at KRW 500 par value. The transaction will take place through third party allotment. The shares carry a fixed dividend rate of 1% per annum based on the issuance price with Participatory, cumulative conditions. The shares can be converted into 31,847,134 common shares at a fixed conversion price of KRW 2,512 per share. The conversion period is from April 2, 2022 and April 1, 2031. The securities are subject to a hold period of 1 year. The transaction was approved by the board of directors of the company. The transaction is expected to close on April 1, 2021.Is New 90 Day High Low • Feb 26New 90-day high: ₩2,940The company is up 13% from its price of ₩2,595 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Airlines industry, which is up 3.0% over the same period.分析記事 • Jan 31A Look At T'Way Air's(KRX:091810) Total Shareholder ReturnsIt is a pleasure to report that the T'Way Air Co., Ltd. ( KRX:091810 ) is up 50% in the last quarter. But that doesn't...分析記事 • Dec 25What Is T'Way Air Co., Ltd.'s (KRX:091810) Share Price Doing?T'Way Air Co., Ltd. ( KRX:091810 ), might not be a large cap stock, but it saw a significant share price rise of over...分析記事 • Nov 20Is T'Way Air Co., Ltd. (KRX:091810) Trading At A 35% Discount?How far off is T'Way Air Co., Ltd. (KRX:091810) from its intrinsic value? Using the most recent financial data, we'll...Is New 90 Day High Low • Nov 14New 90-day high: ₩2,920The company is up 17% from its price of ₩2,500 on 14 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩4,669 per share.お知らせ • Nov 09T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 66.825 billion.T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 66.825 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 45,000,000 Price\Range: KRW 1485 Discount Per Security: KRW 13.365 Transaction Features: ESOP Related Offering; Rights OfferingIs New 90 Day High Low • Oct 26New 90-day low: ₩2,310The company is down 5.0% from its price of ₩2,430 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩14,380 per share.お知らせ • Sep 21T'Way Air Co., Ltd.(KOSE:A091810) dropped from S&P Global BMI IndexT'Way Air Co., Ltd.(KOSE:A091810) dropped from S&P Global BMI Index業績と収益の成長予測KOSE:A091810 - アナリストの将来予測と過去の財務データ ( )KRW Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20272,174,10034,20055,800317,400212/31/20261,989,200-45,800-50,200243,400212/31/20251,798,181-339,497114,521171,063N/A9/30/20251,667,384-334,46278,145171,002N/A6/30/20251,612,504-211,92060,590180,214N/A3/31/20251,560,495-158,62585,148189,397N/A12/31/20241,536,780-65,878172,613272,434N/A9/30/20241,502,61548,379209,709295,852N/A6/30/20241,452,78865,698321,093377,883N/A3/31/20241,412,956100,539352,189394,766N/A12/31/20231,348,75998,892376,016415,288N/A9/30/20231,203,76293,320436,805456,678N/A6/30/20231,017,12920,927341,522353,267N/A3/31/2023824,829-33,851297,317309,145N/A12/31/2022525,821-119,472154,858165,995N/A9/30/2022381,139-172,65458,70863,089N/A6/30/2022275,741-160,79254,16659,263N/A3/31/2022238,813-146,78322,30126,760N/A12/31/2021214,395-156,84431,58035,096N/A9/30/2021191,880-145,916-8,900-5,717N/A6/30/2021187,463-132,8541743,158N/A3/31/2021155,309-152,415-14,879-6,529N/A12/31/2020269,218-137,871-84,867-64,981N/A9/30/2020407,314-127,011-33,321-153N/A6/30/2020561,293-115,627-49,687-14,346N/A3/31/2020718,521-98,149-35,590-1,434N/A12/31/2019810,450-43,21094,735131,060N/A9/30/2019798,878-38,036N/A87,097N/A6/30/2019788,590-11,857N/A98,446N/A3/31/2019769,04721,697N/A72,819N/A12/31/2018731,78937,880N/A31,416N/A9/30/2018715,81037,358N/A46,728N/A3/31/2018651,96461,014N/A106,978N/A12/31/2017584,03239,708N/A109,125N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: A091810は今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 3.1% ) よりも高い成長率であると考えられます。収益対市場: A091810今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: A091810今後 3 年以内に収益を上げることが予想されます。収益対市場: A091810の収益 ( 9.5% ) KR市場 ( 16.5% ) よりも低い成長が予測されています。高い収益成長: A091810の収益 ( 9.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: A091810の 自己資本利益率 は、3年後には高くなると予測されています ( 21.1 %)成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 05:57終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Trinity Airways Co., Ltd. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。8 アナリスト機関null nullDBS Bank LtdGowoon ChoiKorea Investment & Securities Co., Ltd.Hong-Sik JeongLS Securities Co., Ltd.5 その他のアナリストを表示
Price Target Changed • Nov 05Price target decreased by 38% to ₩2,067Down from ₩3,333, the current price target is an average from 3 analysts. New target price is 22% above last closing price of ₩1,699. Stock is down 47% over the past year. The company is forecast to post a net loss per share of ₩789 next year compared to a net loss per share of ₩309 last year.
Major Estimate Revision • Feb 01Consensus EPS estimates fall by 86%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.58b to ₩1.55b. EPS estimate also fell from ₩121 per share to ₩17.33 per share. Net income forecast to grow 45% next year vs 6.2% growth forecast for Airlines industry in South Korea. Consensus price target up from ₩3,433 to ₩3,517. Share price fell 5.1% to ₩3,900 over the past week.
Major Estimate Revision • Aug 02Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.58b to ₩1.60b. EPS estimate fell from ₩451 to ₩391 per share. Net income forecast to shrink 8.8% next year vs 4.2% decline forecast for Airlines industry in South Korea. Consensus price target broadly unchanged at ₩3,433. Share price was steady at ₩2,605 over the past week.
Price Target Changed • Jul 19Price target increased by 10% to ₩3,383Up from ₩3,067, the current price target is an average from 6 analysts. New target price is 26% above last closing price of ₩2,690. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₩451 for next year compared to ₩506 last year.
Major Estimate Revision • Jul 10Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.48b to ₩1.58b. EPS estimate fell from ₩479 to ₩423 per share. Net income forecast to shrink 2.3% next year vs 3.4% decline forecast for Airlines industry in South Korea. Consensus price target of ₩3,117 unchanged from last update. Share price rose 4.7% to ₩2,780 over the past week.
Major Estimate Revision • Apr 17Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩480 to ₩423 per share. Revenue forecast steady at ₩1.49b. Net income forecast to shrink 9.0% next year vs 8.0% decline forecast for Airlines industry in South Korea. Consensus price target of ₩3,067 unchanged from last update. Share price fell 2.6% to ₩2,635 over the past week.
Buy Or Sell Opportunity • Apr 01Now 26% overvaluedOver the last 90 days, the stock has fallen 38% to ₩893. The fair value is estimated to be ₩708, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 15% in a year. Earnings are forecast to grow by 61% in the next year.
お知らせ • Mar 18T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 73.290148 billion.T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 73.290148 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 64,615,736 Price\Range: KRW 952 Discount Per Security: KRW 6.664 Security Name: Common Stock Security Type: Common Stock Securities Offered: 12,369,714 Price\Range: KRW 952 Discount Per Security: KRW 6.664 Transaction Features: ESOP Related Offering; Rights Offering
New Risk • Jan 15New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
お知らせ • Dec 12+ 1 more updateT'Way Air Co., Ltd. announced that it expects to receive KRW 100.00000107 billion in funding from Sono International Co.,Ltd.T'Way Air Co., Ltd. announced a private placement to issue 63,816,210 shares at an issue price of KRW 1,567 per share for gross proceeds of KRW 100,000,001,070 on December 11, 2025. The transaction will include participation from returning investor Sono International Co.,Ltd. The transaction has been approved in the shareholders, expected to close on December 19, 2025 and restricted to a hold period.
New Risk • Nov 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 5x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₩42b). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding).
Price Target Changed • Nov 05Price target decreased by 38% to ₩2,067Down from ₩3,333, the current price target is an average from 3 analysts. New target price is 22% above last closing price of ₩1,699. Stock is down 47% over the past year. The company is forecast to post a net loss per share of ₩789 next year compared to a net loss per share of ₩309 last year.
New Risk • Sep 17New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-₩42b). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).
お知らせ • Aug 29T'Way Air Co., Ltd. announced that it has received KRW 200.000000513 billion in funding from Sono International Co.,Ltd., Sono Square Co.,Ltd., DB Securities Co., Ltd.On August 28, 2025, T'Way Air Co., Ltd. closed the transaction.
Reported Earnings • Aug 20Second quarter 2025 earnings released: ₩363 loss per share (vs ₩115 loss in 2Q 2024)Second quarter 2025 results: ₩363 loss per share (further deteriorated from ₩115 loss in 2Q 2024). Revenue: ₩377.9b (up 16% from 2Q 2024). Net loss: ₩78.1b (loss widened 215% from 2Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Airlines industry in South Korea. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Jul 13Vancouver International Airport Celebrates Additional Asia-Pacific Connectivity with Inaugural Flight to SeoulVancouver International Airport (YVR) is proud to be the first airport in North America to welcome regular service from South Korean airline, T'way Air. The new T'way service provides the community with even more flexibility and convenience when travelling to South Korea and connections across Asia, but the benefits of this new service go beyond passengers alone. An additional air connection provides increased cargo capacity to further diversify trading markets and get British Columbia and Canadian products to consumers in Asia and around the world. 2024 was a record-breaking year for cargo out of YVR with more than 339,000 tonnes of goods shipped through the airport and South Korea is YVR's number two air export destination. Each new international route from YVR results in direct economic benefit, with the flight to Seoul estimated to generate $39.8 million in economic output, $20.8 million in GDP, and 237 full time jobs in the province. Prior to the flight departing for its inaugural 11-hour journey, Elders from Musqueam, joined by Musqueam Councilor Morgan Guerin, helped send passengers on their journey in a good way with traditional songs and hands raised. Since 2017, this relationship has been guided by the Musqueam-YVR Sustainability & Friendship Agreement, a 30-year commitment built on respect, reconciliation, and shared prosperity. Flights with T'way from Vancouver to Seoul are scheduled to depart YVR at 5:25 p.m. local time arriving at ICN the next day at 9:35 p.m. local time. T'way is operating this route using an Airbus 330-300 aircraft, offering347 seats, including lie-flat options in its Business Saver class, moving approximately 2,700 passengers weekly.
お知らせ • Jun 19T'Way Air Co., Ltd. Launches Its "This Is Korea Moment" Promotion on Its Official WebsiteT'way Air has launched its "This is KOREA moment" promotion on its official website. Valid through June 30, the offer applies to all five of the airline's Europe - Incheon (Seoul) routes -- Rome, Paris, Barcelona, Frankfurt, and Zagreb-- for travel through March 28, 2026. During summer 2025, T'way Air operates daily Rome-Incheon and Frankfurt-Incheon flights; Paris-Incheon service runs five times weekly (Mon, Wed, Fri, Sat), and Zagreb-Incheon departs three times weekly (Mon, Wednesday, Fri, Sat). All flights include two complimentary meals in both Business and Economy classes. T'way Air operates its Europe routes using A330-200 and Boeing 777-300ER aircraft. T'way Air offers two limited-time vouchers until June 30, 2025: EUR70 Early Bird Voucher: valid on bookings of EUR600 or more, travel period September - March, 2026. EUR30 Off Voucher: valid on Bookings of EUR500 or more, travel through March 28, 20 26. EUR30 Prior Seat Voucher: valid for advance seat reservations on B777-300ER, valid through March 28, 2026; Plus, passengers entering promo code KOREA2506 at booking will save up to a 10% on any Europe - Seoul routes (actual savings vary with the exchange rate at purchase). While in Seoul, witness the guard-changing ceremony at Gyeongbokgung Palace in traditional hanbok, browse skincare boutiques and street food stalls in bustling Myeongdong, and learn about Korean history on a DMZ tour.
お知らせ • May 28T'way Air to Inaugurate Direct Seoul-Vancouver Service on July 12, 2025T'way Air will inaugurate its first North American destination with direct service between Seoul and Vancouver on July 12, 2025. Operating four times weekly - Tuesdays, Thursdays, Saturdays and Sundays - the new flights meet growing demand for affordable, long-haul travel across key Asia-Pacific and North American markets. The outbound flight departs Incheon International Airport at 9:05 p.m. KST and arrives at Vancouver International Airport at 3:25 p.m. PDT. The return flight leaves Vancouver at 5:25 p.m. PST and lands in Seoul at 9:35 p.m. KST the following day. The new service marks a significant milestone in T'way Air's network expansion, joining its existing Asia-Pacific and European destinations. By directly linking Seoul with Canada's west coast, the airline offers both leisure and business travelers a seamless, cost-effective option. T'way Air will deploy its A330-300 aircraft, offering 12 flat-bed seats in Business Saver class with adjustable headrests, extra legroom, personal power outlets and individual reading lights. All passengers receive complimentary meals: two in Business Saver and one in Economy. Travelers bound for Korea can experience Seoul's fusion of history and modernity: explore Gyeongbokgung Palace, wander Insadong's traditional streets, hike Bukhansan's scenic trails, admire the futuristic curves of Dongdaemun Design Plaza, and shop the latest Korean beauty and fashion in Hongdae, Seongsu and Gangnam.
お知らせ • Mar 18T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2025T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2025, at 14:00 Tokyo Standard Time. Location: conference room, 210, haneul-gil, gangseo-gu, seoul South Korea
分析記事 • Mar 08T'Way Air Co., Ltd. (KRX:091810) May Have Run Too Fast Too Soon With Recent 27% Price PlummetT'Way Air Co., Ltd. ( KRX:091810 ) shares have had a horrible month, losing 27% after a relatively good period...
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩2,695, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 14% over the past three years.
New Risk • Feb 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin).
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₩3,405, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 4.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩6,447 per share.
Major Estimate Revision • Feb 01Consensus EPS estimates fall by 86%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.58b to ₩1.55b. EPS estimate also fell from ₩121 per share to ₩17.33 per share. Net income forecast to grow 45% next year vs 6.2% growth forecast for Airlines industry in South Korea. Consensus price target up from ₩3,433 to ₩3,517. Share price fell 5.1% to ₩3,900 over the past week.
Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩3,395, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 24% over the past three years.
分析記事 • Jan 21Why Investors Shouldn't Be Surprised By T'Way Air Co., Ltd.'s (KRX:091810) 35% Share Price SurgeT'Way Air Co., Ltd. ( KRX:091810 ) shares have had a really impressive month, gaining 35% after a shaky period...
Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₩2,850, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 1.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩5,098 per share.
New Risk • Nov 23New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 7.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Shareholders have been diluted in the past year (7.3% increase in shares outstanding).
Buy Or Sell Opportunity • Nov 01Now 26% undervaluedOver the last 90 days, the stock has risen 22% to ₩3,175. The fair value is estimated to be ₩4,318, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 71% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 73% in the next 2 years.
Valuation Update With 7 Day Price Move • Oct 10Investor sentiment improves as stock rises 30%After last week's 30% share price gain to ₩3,705, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 1.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩5,676 per share.
分析記事 • Sep 20Why Investors Shouldn't Be Surprised By T'Way Air Co., Ltd.'s (KRX:091810) 27% Share Price SurgeT'Way Air Co., Ltd. ( KRX:091810 ) shareholders have had their patience rewarded with a 27% share price jump in the...
Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩2,940, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Airlines industry in Asia. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩5,776 per share.
分析記事 • Aug 29At ₩2,910, Is T'Way Air Co., Ltd. (KRX:091810) Worth Looking At Closely?T'Way Air Co., Ltd. ( KRX:091810 ), is not the largest company out there, but it saw a decent share price growth of 20...
Major Estimate Revision • Aug 02Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.58b to ₩1.60b. EPS estimate fell from ₩451 to ₩391 per share. Net income forecast to shrink 8.8% next year vs 4.2% decline forecast for Airlines industry in South Korea. Consensus price target broadly unchanged at ₩3,433. Share price was steady at ₩2,605 over the past week.
Price Target Changed • Jul 19Price target increased by 10% to ₩3,383Up from ₩3,067, the current price target is an average from 6 analysts. New target price is 26% above last closing price of ₩2,690. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₩451 for next year compared to ₩506 last year.
Major Estimate Revision • Jul 10Consensus EPS estimates fall by 12%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩1.48b to ₩1.58b. EPS estimate fell from ₩479 to ₩423 per share. Net income forecast to shrink 2.3% next year vs 3.4% decline forecast for Airlines industry in South Korea. Consensus price target of ₩3,117 unchanged from last update. Share price rose 4.7% to ₩2,780 over the past week.
お知らせ • May 24T'way Air Launches A New Flight Between Zagreb and SeoulT'way Air has officially launched a new flight between Zagreb and Seoul on May 16th, marking the airline's first flight to Europe. This new route between Zagreb and Seoul (Incheon) is expected to enhance convenience for tourists and business travelers in both Croatia and Korea. The inauguration event marking this new milestone for the airline was held at Sheraton Zagreb Hotel on May 17th, attended by Sung-Hun Na, Vice Chairman of T'way Air, Hong-Geun Jeong, CEO of T'way Air; Damir Kušen, Croatian Ambassador to Korea; and Joongkeun Oh, Minister-Counselor of the Korean Embassy in Croatia, along with other guests. The Zagreb to Seoul flight operates three times a week – every Tuesday, Thursday, and Saturday, departing Zagreb International Airport at 9:25 PM and arriving at Seoul Incheon International Airport the next day at 3:25 PM local time, with a flight duration of approximately 11 hours. The return flight departs Seoul (Incheon) at 11:05 AM, arriving at Manas International Airport in Bishkek, Kyrgyzstan at 3:50 PM for refueling, and arrives in Zagreb at 7:55 PM. The total flight duration, including the refueling stop, is approximately 15 hours and 50 minutes. T'way Air will operate an Airbus A330-300 aircraft (347 seats) on this route. Alongside a regular economy cabin, there are 12 Business Saver seats. T'way Air offers complimentary in-flight meals twice to both Business Saver class and Economy class on this route.
分析記事 • May 02There's Reason For Concern Over T'Way Air Co., Ltd.'s (KRX:091810) PriceIt's not a stretch to say that T'Way Air Co., Ltd.'s ( KRX:091810 ) price-to-sales (or "P/S") ratio of 0.5x seems quite...
Major Estimate Revision • Apr 17Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩480 to ₩423 per share. Revenue forecast steady at ₩1.49b. Net income forecast to shrink 9.0% next year vs 8.0% decline forecast for Airlines industry in South Korea. Consensus price target of ₩3,067 unchanged from last update. Share price fell 2.6% to ₩2,635 over the past week.
Buy Or Sell Opportunity • Mar 04Now 21% undervaluedOver the last 90 days, the stock has risen 17% to ₩2,650. The fair value is estimated to be ₩3,373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 61% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to decline by 27% in the next 2 years.
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩2,655, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Airlines industry in Asia. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩2,209 per share.
New Risk • Nov 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 27% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).
Price Target Changed • Nov 21Price target decreased by 7.9% to ₩3,200Down from ₩3,475, the current price target is an average from 5 analysts. New target price is 37% above last closing price of ₩2,340. Stock is up 30% over the past year. The company is forecast to post earnings per share of ₩404 next year compared to a net loss per share of ₩828 last year.
Major Estimate Revision • Oct 18Consensus EPS estimates fall by 21%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩563 to ₩443 per share. Revenue forecast steady at ₩1.30b. Net income forecast to grow 280% next year vs 35% growth forecast for Airlines industry in South Korea. Consensus price target of ₩3,475 unchanged from last update. Share price fell 3.2% to ₩2,090 over the past week.
Price Target Changed • Oct 10Price target decreased by 11% to ₩3,400Down from ₩3,800, the current price target is an average from 3 analysts. New target price is 58% above last closing price of ₩2,150. Stock is up 38% over the past year. The company is forecast to post earnings per share of ₩526 next year compared to a net loss per share of ₩828 last year.
Price Target Changed • Jul 13Price target increased by 20% to ₩3,600Up from ₩3,000, the current price target is an average from 3 analysts. New target price is 9.8% above last closing price of ₩3,280. Stock is up 60% over the past year. The company is forecast to post earnings per share of ₩692 next year compared to a net loss per share of ₩828 last year.
Reported Earnings • Mar 29Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: ₩828 loss per share (improved from ₩1,424 loss in FY 2021). Revenue: ₩525.8b (up 145% from FY 2021). Net loss: ₩118.7b (loss narrowed 24% from FY 2021). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Airlines industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year.
Price Target Changed • Nov 16Price target increased to ₩3,600Up from ₩3,000, the current price target is an average from 2 analysts. New target price is 91% above last closing price of ₩1,880. Stock is down 48% over the past year. The company is forecast to post a net loss per share of ₩999 next year compared to a net loss per share of ₩1,424 last year.
Price Target Changed • Apr 27Price target increased to ₩3,800Up from ₩3,000, the current price target is provided by 1 analyst. New target price is 19% above last closing price of ₩3,195. Stock is up 20% over the past year. The company is forecast to post a net loss per share of ₩254 next year compared to a net loss per share of ₩1,424 last year.
Reported Earnings • Mar 28Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: ₩1,424 loss per share. Revenue: ₩214.4b (down 20% from FY 2020). Net loss: ₩156.2b (loss widened 13% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.6%. Over the next year, revenue is forecast to grow 156%, compared to a 61% growth forecast for the airlines industry in South Korea.
Reported Earnings • Aug 23Second quarter 2021 earnings released: ₩277 loss per share (vs ₩895 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: ₩46.0b (up 87% from 2Q 2020). Net loss: ₩39.9b (loss narrowed 21% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
Price Target Changed • Apr 07Price target increased to ₩2,933Up from ₩2,658, the current price target is an average from 2 analysts. New target price is 6.9% above last closing price of ₩2,745. Stock is up 4.9% over the past year.
お知らせ • Apr 03T'Way Air Co., Ltd. announced that it has received KRW 80.000000608 billion in fundingOn April 1, 2021, T'Way Air Co., Ltd. (KOSE:A091810) closed the transaction.
Reported Earnings • Mar 28Full year 2020 earnings released: ₩2,181 loss per share (vs ₩768 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ₩269.2b (down 67% from FY 2019). Net loss: ₩137.9b (loss widened 219% from FY 2019).
お知らせ • Mar 18T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2021T'Way Air Co., Ltd., Annual General Meeting, Mar 31, 2021, at 09:01 Korea Standard Time.
お知らせ • Mar 17T'Way Air Co., Ltd. announced that it expects to receive KRW 80.000000608 billion in fundingT'Way Air Co., Ltd. (KOSE:A091810) announced a private placement of 31,847,134 convertible preferred shares at a price of KRW 2,512 per share for gross proceeds of KRW 80,000,000,608 on March 16, 2021. The transaction will include participation from W Value Up Limited company. The company issued share at KRW 500 par value. The transaction will take place through third party allotment. The shares carry a fixed dividend rate of 1% per annum based on the issuance price with Participatory, cumulative conditions. The shares can be converted into 31,847,134 common shares at a fixed conversion price of KRW 2,512 per share. The conversion period is from April 2, 2022 and April 1, 2031. The securities are subject to a hold period of 1 year. The transaction was approved by the board of directors of the company. The transaction is expected to close on April 1, 2021.
Is New 90 Day High Low • Feb 26New 90-day high: ₩2,940The company is up 13% from its price of ₩2,595 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Airlines industry, which is up 3.0% over the same period.
分析記事 • Jan 31A Look At T'Way Air's(KRX:091810) Total Shareholder ReturnsIt is a pleasure to report that the T'Way Air Co., Ltd. ( KRX:091810 ) is up 50% in the last quarter. But that doesn't...
分析記事 • Dec 25What Is T'Way Air Co., Ltd.'s (KRX:091810) Share Price Doing?T'Way Air Co., Ltd. ( KRX:091810 ), might not be a large cap stock, but it saw a significant share price rise of over...
分析記事 • Nov 20Is T'Way Air Co., Ltd. (KRX:091810) Trading At A 35% Discount?How far off is T'Way Air Co., Ltd. (KRX:091810) from its intrinsic value? Using the most recent financial data, we'll...
Is New 90 Day High Low • Nov 14New 90-day high: ₩2,920The company is up 17% from its price of ₩2,500 on 14 August 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩4,669 per share.
お知らせ • Nov 09T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 66.825 billion.T'Way Air Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 66.825 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 45,000,000 Price\Range: KRW 1485 Discount Per Security: KRW 13.365 Transaction Features: ESOP Related Offering; Rights Offering
Is New 90 Day High Low • Oct 26New 90-day low: ₩2,310The company is down 5.0% from its price of ₩2,430 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩14,380 per share.
お知らせ • Sep 21T'Way Air Co., Ltd.(KOSE:A091810) dropped from S&P Global BMI IndexT'Way Air Co., Ltd.(KOSE:A091810) dropped from S&P Global BMI Index