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ANA Holdings is the holding firm of Japan’s largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. In February 2024, it launched Air Japan to provide discount airline services to Southeast Asia. Pre-covid-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo’s Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
1952
40.5K+
LTM Revenue $14.9B
LTM EBITDA $2.2B
$9.2B
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ANA Holdings has a last 12-month revenue of $14.9B and a last 12-month EBITDA of $2.2B.
In the most recent fiscal year, ANA Holdings achieved revenue of $13.7B and an EBITDA of $2.5B.
ANA Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
See ANA Holdings valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $11.3B | $13.7B | XXX | XXX | XXX |
| Gross Profit | -$193M | $2.0B | XXX | XXX | XXX |
| Gross Margin | -2% | 15% | XXX | XXX | XXX |
| EBITDA | $1.9B | $2.5B | XXX | XXX | XXX |
| EBITDA Margin | 17% | 18% | XXX | XXX | XXX |
| Net Profit | -$955M | $595M | XXX | XXX | XXX |
| Net Margin | -8% | 4% | XXX | XXX | XXX |
| Net Debt | $8.6B | $6.6B | XXX | XXX | XXX |
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As of April 15, 2025, ANA Holdings's stock price is JPY 2655 (or $18).
ANA Holdings has current market cap of JPY 1.25T (or $8.3B), and EV of JPY 1.39T (or $9.2B).
See ANA Holdings trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9.2B | $8.3B | XXX | XXX | XXX | XXX | $1.93 |
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Sign UpAs of April 15, 2025, ANA Holdings has market cap of $8.3B and EV of $9.2B.
ANA Holdings's trades at 0.6x LTM EV/Revenue multiple, and 4.2x LTM EBITDA.
Analysts estimate ANA Holdings's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for ANA Holdings and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $9.2B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 4.0x | XXX | XXX | XXX |
| P/E | 8.7x | XXX | XXX | XXX |
| P/E/Growth | -2.9x | XXX | XXX | XXX |
| EV/FCF | 12.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpANA Holdings's NTM/LTM revenue growth is 6%
ANA Holdings's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $34K for the same period.
Over next 12 months, ANA Holdings's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate ANA Holdings's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for ANA Holdings and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 29% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 22% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $34K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 10% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
| Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegean Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Asia Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Bangkok Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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ANA Holdings acquired XXX companies to date.
Last acquisition by ANA Holdings was XXXXXXXX, XXXXX XXXXX XXXXXX . ANA Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was ANA Holdings founded? | ANA Holdings was founded in 1952. |
| Where is ANA Holdings headquartered? | ANA Holdings is headquartered in Japan. |
| How many employees does ANA Holdings have? | As of today, ANA Holdings has 40.5K+ employees. |
| Who is the CEO of ANA Holdings? | ANA Holdings's CEO is Mr. Koji Shibata. |
| Is ANA Holdings publicy listed? | Yes, ANA Holdings is a public company listed on TKS. |
| What is the stock symbol of ANA Holdings? | ANA Holdings trades under 9202 ticker. |
| When did ANA Holdings go public? | ANA Holdings went public in 1975. |
| Who are competitors of ANA Holdings? | Similar companies to ANA Holdings include e.g. flyExclusive, Qantas Airways, Aegean Airlines, Asia Aviation. |
| What is the current market cap of ANA Holdings? | ANA Holdings's current market cap is $8.3B |
| What is the current revenue of ANA Holdings? | ANA Holdings's last 12-month revenue is $14.9B. |
| What is the current EBITDA of ANA Holdings? | ANA Holdings's last 12-month EBITDA is $2.2B. |
| What is the current EV/Revenue multiple of ANA Holdings? | Current revenue multiple of ANA Holdings is 0.6x. |
| What is the current EV/EBITDA multiple of ANA Holdings? | Current EBITDA multiple of ANA Holdings is 4.2x. |
| What is the current revenue growth of ANA Holdings? | ANA Holdings revenue growth between 2023 and 2024 was 20%. |
| Is ANA Holdings profitable? | Yes, ANA Holdings is EBITDA-positive (as of the last 12 months). |
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