Obermatt

ANA

TYO:9202 · JP3429800000
AirlinesX-Large

360

85
EV / EBIT81
Price / Owner Earnings54
Owner Earnings Yield94
Dividend Yield41
Price/Sales84
EV / Gross Profit92
Price/Book84
Return on Capital56
Cash Return on Capital84
Return on Equity66
EBIT Margin41
Gross Profitability46
Cash Conversion56
Accruals32
Owner Earnings Margin59
Sales growth90
Profit Growth75
Long-Term EPS Growth39
Owner Earnings Growth89
Reinvestment55
Price momentum47
Debt load58
Refinancing23
Debt Payback100
Liquidity75
Analyst ratings54
Opinion Changes50
Price Target Upside59
Market mood87
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

ANA generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryJapan
IndustryAirlines
SizeX-Large
TypePublic Company
ExchangeTSE
Founded1920
Employees1,263
ISINJP3429800000
Last UpdateApr 2, 2026
Themes
Passenger Aircraft ManufacturingTourismTravel AccommodationsBusiness Travel

Description

ANA Holdings Inc. (ANA Holdings) provides air transportation services in Japan and internationally. The company also offers airline-related travel services, which encompass flight bookings, accommodations, and various travel-related products. The tra…

Analysis

Bargain bin

ANA Holdings Inc. falls in the bargain bin: the price is low relative to peers, but the business metrics give reason to pause.

The price is attractive. You pay 9.5× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -4% yearly growth; analysts expect 30%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is sturdy. The company scores 14/20 on our value-creation score: strong value creator.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
99
2023202420252026

All-time high

99

Jun 2026

All-time low

35

Jan 2023

Average rank

76

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
84
67
78
74
Price/Earnings
77
73
75
5
Price/Book
84
41
43
71
Dividend Yield
41
29
31
23
Value (overall)
93
59
62
39

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →