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ANA Holdings Inc. (9202.T)

JPY3,053.00 -76.00 (-2.43%)
JP JPX Industrials Airlines, Airports & Air Services
Address Shiodome City Center 105-7140
Tokyo, JP
CEO Koji Shibata
Website ana.co.jp
IPO 2000-01-04
ISIN JP3429800000

Explore sections of this company profile

Also trades on Other OTC · ALNPF (USD) Other OTC · ALNPY (USD) Tokyo Stock Exchange · 9202.T (JPY)
Description

ANA Holdings Inc., supported by its various subsidiaries, offers comprehensive air transport services throughout Japan and on international routes. The company's operations are divided into several key areas. Its primary Air Transportation segment handles domestic and global passenger flights, cargo and mail delivery, and other associated transport services. Complementing this, the Airline Related segment provides crucial support functions such as airport passenger assistance, ground handling, and aircraft maintenance. The Travel Services division focuses on developing and selling travel packages, including branded tours that utilize its own airline services. Finally, the Trade And Retail segment is involved in the import and export of aviation-related goods, alongside operating both physical and e-commerce retail outlets. Founded in 1920, the company was initially known as All Nippon Airways Co., Ltd. before officially adopting the name ANA Holdings Inc. in April 2013. Its corporate headquarters are situated in Tokyo, Japan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY3,053.00 -76.00 (-2.43%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.46
Float Shares
430.78M
Free Float %
94.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.02% +1.07% -3.71% -15.66% -8.11% -7.10% -2.47% -8.35% +13.03% -16.30% -1.10%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3,053.00
DCF (Unlevered) 61,176.90 +1,903.8%
DCF (Levered) 14,905.01 +388.2%
Ratings Trend (MoM) 42% Bullish
Rating 2026-05 Change
Strong Buy 1 -1
Buy 4 -1
Hold 7 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.48
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Airlines, Airports & Air Services: +9.2%
    +10.0% Q1'26: +18.4% (vs Q1'25)
  • EPS growth Airlines, Airports & Air Services: +13.8%
    -3.6% Q1'26: +51.1% (vs Q1'25)
  • FCF margin Airlines, Airports & Air Services: +14.2%
    +7.1% Q1'26: +34.5% (vs Q1'25)
  • EBIT margin Airlines, Airports & Air Services: +13.1%
    +8.7% Q1'26: +5.5% (vs Q1'25)
  • ROIC Airlines, Airports & Air Services: +7.0%
    +12.0% Q1'26: +10.3% (vs Q1'25)
  • Share dilution Airlines, Airports & Air Services: +0.0%
    +1.1% Q1'26: -3.4% (vs Q1'25)
  • Debt / EBITDA Airlines, Airports & Air Services: 1.66×
    3.88× Q1'26: 3.59× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.44) × ERP
WACC = 55% × Ke + 45% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 60,026.20 Current price: 3,053.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
12 Rev. Ana.
12 EPS Ana.
Mar 2027
9 Rev. Ana.
10 EPS Ana.
Mar 2028
11 Rev. Ana.
11 EPS Ana.
Mar 2029
5 Rev. Ana.
5 EPS Ana.
Mar 2030
2 Rev. Ana.
1 EPS Ana.
Mar 2031
1 Rev. Ana.
2 EPS Ana.
Revenue
1.71T
est: 1.70T (+0.5%)
1.79T
est: 1.79T (+0.2%)
1.77T
est: 1.76T (+0.1%)
1.97T
est: 1.97T (+0.3%)
2.06T
est: 2.06T (-0.2%)
1.97T
est: 2.01T (-1.8%)
728.68B
est: 740.99B (-1.7%)
1.02T
est: 1.02T (+0.5%)
1.71T
est: 1.72T (-0.5%)
2.06T
est: 2.11T (-2.6%)
2.26T
est: 2.24T (+0.8%)
2.52T
2.46T – 2.62T
+12.2% YoY
2.71T
2.60T – 2.84T
+7.5% YoY
2.77T
2.59T – 2.96T
+2.3% YoY
2.86T
2.83T – 2.88T
+3.2% YoY
2.90T
2.75T – 3.07T
+1.4% YoY
3.01T
2.86T – 3.19T
+3.9% YoY
EBITDA
223.78B
est: 10.99B (+1,936.7%)
285.46B
est: 11.53B (+2,376.6%)
286.07B
est: 11.37B (+2,416.6%)
318.96B
est: 12.67B (+2,418.3%)
328.59B
est: 13.29B (+2,371.7%)
240.55B
est: 12.96B (+1,756.2%)
-286.31B
est: 4.78B (-6,095.3%)
-13.51B
est: 6.54B (-306.4%)
270.42B
est: 11.06B (+2,345.5%)
352.34B
est: 612.18B (-42.4%)
347.30B
est: 650.35B (-46.6%)
729.60B
713.19B – 758.72B
+12.2% YoY
784.46B
753.56B – 823.22B
+7.5% YoY
802.68B
752.16B – 858.76B
+2.3% YoY
828.40B
821.53B – 835.28B
+3.2% YoY
839.96B
796.98B – 890.06B
+1.4% YoY
872.95B
828.28B – 925.02B
+3.9% YoY
EBIT
91.54B
est: -202.56B (+145.2%)
136.46B
est: -212.50B (+164.2%)
145.54B
est: -209.56B (+169.4%)
164.52B
est: -233.50B (+170.5%)
165.02B
est: -245.09B (+167.3%)
60.81B
est: -238.92B (+125.5%)
-464.77B
est: -88.04B (-427.9%)
-173.13B
est: -120.65B (-43.5%)
120.03B
est: -203.85B (+158.9%)
207.91B
est: 615.85B (-66.2%)
196.64B
est: 654.25B (-69.9%)
733.97B
717.46B – 763.26B
+12.2% YoY
789.16B
758.07B – 828.16B
+7.5% YoY
807.49B
756.66B – 863.90B
+2.3% YoY
833.37B
826.45B – 840.28B
+3.2% YoY
844.99B
801.76B – 895.39B
+1.4% YoY
878.18B
833.25B – 930.56B
+3.9% YoY
Net Income
39.24B
est: 62.10B (-36.8%)
78.17B
est: 99.94B (-21.8%)
98.83B
est: 127.58B (-22.5%)
143.89B
est: 209.48B (-31.3%)
110.78B
est: 175.36B (-36.8%)
27.66B
est: 93.44B (-70.4%)
-404.62B
est: -551.13B (+26.6%)
-143.63B
est: -128.51B (-11.8%)
89.48B
est: 69.81B (+28.2%)
157.10B
est: 168.35B (-6.7%)
153.03B
est: 151.27B (+1.2%)
166.97B
152.11B – 187.63B
+10.4% YoY
110.41B
75.02B – 172.97B
-33.9% YoY
148.82B
128.74B – 245.67B
+34.8% YoY
194.42B
165.26B – 223.59B
+30.6% YoY
205.14B
191.49B – 221.05B
+5.5% YoY
250.11B
233.47B – 269.50B
+21.9% YoY
SGA
271.74B
est: 212.16B (+28.1%)
299.49B
est: 222.57B (+34.6%)
276.53B
est: 219.50B (+26.0%)
303.39B
est: 244.57B (+24.1%)
308.59B
est: 256.71B (+20.2%)
302.36B
est: 250.25B (+20.8%)
166.49B
est: 92.21B (+80.5%)
118.66B
est: 126.37B (-6.1%)
161.77B
est: 213.52B (-24.2%)
187.98B
est: 203.75B (-7.7%)
206.48B
est: 216.45B (-4.6%)
242.83B
237.36B – 252.52B
+12.2% YoY
261.09B
250.80B – 273.98B
+7.5% YoY
267.15B
250.33B – 285.81B
+2.3% YoY
275.71B
273.42B – 278.00B
+3.2% YoY
279.56B
265.25B – 296.23B
+1.4% YoY
290.54B
275.67B – 307.86B
+3.9% YoY
EPS
112.40
est: 117.98 (-4.7%)
223.60
est: 189.86 (+17.8%)
282.30
est: 242.37 (+16.5%)
417.82
est: 397.97 (+5.0%)
331.04
est: 333.14 (-0.6%)
82.66
est: 177.51 (-53.4%)
-1,082.04
est: -1,047.02 (-3.3%)
-305.37
est: -244.13 (-25.1%)
190.24
est: 133.18 (+42.8%)
335.09
est: 322.06 (+4.0%)
325.58
est: 292.76 (+11.2%)
319.23
292.60 – 360.91
+9.0% YoY
258.95
144.30 – 332.71
-18.9% YoY
332.76
247.63 – 472.55
+28.5% YoY
351.63
317.89 – 430.09
+5.7% YoY
394.60
368.35 – 425.19
+12.2% YoY
481.10
449.10 – 518.40
+21.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A 4/5 5/5 4/5 4/5 2/5 4/5 4/5
2026-05-08 A 4/5 5/5 4/5 4/5 1/5 4/5 5/5
2026-05-07 A 4/5 5/5 4/5 4/5 1/5 4/5 5/5
2026-05-01 B+ 3/5 1/5 4/5 4/5 1/5 4/5 5/5
2026-04-30 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-28 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-27 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-24 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-23 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-22 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-21 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-20 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-17 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-16 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-15 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-14 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-13 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-10 B+ 3/5 1/5 3/5 5/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
222.44B
OE per share TTM
423.53
Owner's Yield
18.63%
Maintenance CapEx ratio
65.98%
Maint CapEx / Avg PPE
80.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
5.27M
Shares Outstanding
453.78M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Koji Shibata President, Chief Executive Officer & Representative Director 106M male
Hidekazu Yoshida Executive Vice President
Juichi Hirasawa Executive Vice President & Representative Director male
Jun Taneie EVP, Senior Executive Officer & Director female
Katsutoshi Yamamoto Executive Vice President & Director of Executive Secretariat
Kimihiro Nakahori Senior EVP, Group CFO, Group Accounting Officer & Representative Director male
Mayumi Ejima Executive VP & Director of DEI Promotion
Shinichi Hayase Executive Vice President
Tadashi Matsushita Executive Vice President & Director of Airline Management and Okinawa Region male
Tomoko Hoya EVP, Group Chief Sust Officer, Legal & Insurance, General Admin and Director of Corp Sust
Yasuko Kato Executive Vice President, Group Chief Information Officer, Digital Data & Director of Group IT Management female
Yoshiaki Tsuda Executive Vice President
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits