TSE:9202

Stock Analysis Report

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Market Cap

JP¥1.3t

Last Updated

2021/06/18 08:15 UTC

Data Sources

Company Financials +

Executive Summary

ANA Holdings Inc., together with its subsidiaries, provides air transportation services in Japan and internationally. More Details


Snowflake Analysis

Reasonable growth potential and overvalued.


Similar Companies

Share Price & News

How has ANA Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 9202 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 9202's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-6.1%

9202

-2.4%

JP Airlines

0.4%

JP Market


1 Year Return

1.5%

9202

27.2%

JP Airlines

22.6%

JP Market

Return vs Industry: 9202 underperformed the JP Airlines industry which returned 27.2% over the past year.

Return vs Market: 9202 underperformed the JP Market which returned 22.6% over the past year.


Shareholder returns

9202IndustryMarket
7 Day-6.1%-2.4%0.4%
30 Day5.0%3.6%3.6%
90 Day-3.8%-3.5%-2.3%
1 Year1.5%1.5%30.4%27.2%25.3%22.6%
3 Year-34.7%-35.9%-15.5%-23.6%20.3%12.1%
5 Year0.8%-4.1%8.9%-6.6%78.4%58.9%

Long-Term Price Volatility Vs. Market

How volatile is ANA Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is ANA Holdings undervalued compared to its fair value and its price relative to the market?

1.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 9202 (¥2806.5) is trading above our estimate of fair value (¥286.53)

Significantly Below Fair Value: 9202 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 9202 is unprofitable, so we can't compare its PE Ratio to the Global Airlines industry average.

PE vs Market: 9202 is unprofitable, so we can't compare its PE Ratio to the JP market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 9202's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 9202 is good value based on its PB Ratio (1.3x) compared to the XA Airlines industry average (1.7x).


Future Growth

How is ANA Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

68.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9202 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0%).

Earnings vs Market: 9202 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 9202's is expected to become profitable in the next 3 years.

Revenue vs Market: 9202's revenue (17.6% per year) is forecast to grow faster than the JP market (5.2% per year).

High Growth Revenue: 9202's revenue (17.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9202's Return on Equity is forecast to be low in 3 years time (8.9%).


Past Performance

How has ANA Holdings performed over the past 5 years?

-52.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9202 is currently unprofitable.

Growing Profit Margin: 9202 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 9202 is unprofitable, and losses have increased over the past 5 years at a rate of 52.4% per year.

Accelerating Growth: Unable to compare 9202's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 9202 is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (10.3%).


Return on Equity

High ROE: 9202 has a negative Return on Equity (-40.27%), as it is currently unprofitable.


Financial Health

How is ANA Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 9202's short term assets (¥1,226.3B) exceed its short term liabilities (¥503.4B).

Long Term Liabilities: 9202's short term assets (¥1,226.3B) do not cover its long term liabilities (¥1,692.2B).


Debt to Equity History and Analysis

Debt Level: 9202's debt to equity ratio (162.3%) is considered high.

Reducing Debt: 9202's debt to equity ratio has increased from 85.6% to 162.3% over the past 5 years.

Debt Coverage: 9202's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 9202's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is ANA Holdings's current dividend yield, its reliability and sustainability?

0.86%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 9202's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 9202's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 9202's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 9202's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 9202 is not paying a notable dividend for the JP market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 9202's dividend in 3 years as they are not forecast to pay a notable one for the JP market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Shinya Katanozaka (65 yo)

6.17yrs

Tenure

Mr. Shinya Katanozaka has been Independent Outside Director of Tokio Marine Holdings, Inc. since June 29, 2020. He has been the Chief Executive Officer, President and In charge of Internal Audit of All Nip...


Leadership Team

Experienced Management: 9202's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: 9202's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 40.6%.


Top Shareholders

Company Information

ANA Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ANA Holdings Inc.
  • Ticker: 9202
  • Exchange: TSE
  • Founded: 1920
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: JP¥1.320t
  • Shares outstanding: 470.34m
  • Website: https://www.ana.co.jp

Number of Employees


Location

  • ANA Holdings Inc.
  • Shiodome City Center
  • 1-5-2, Higashi-Shimbashi
  • Tokyo
  • 105-7140
  • Japan

Listings


Biography

ANA Holdings Inc., together with its subsidiaries, provides air transportation services in Japan and internationally. The company operates through four segments: Air Transportation, Airline Related, Travel...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/18 08:15
End of Day Share Price2021/06/18 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.