Air Global PLC (AIIR) AI Stock Analysis

AIR Global PLC manufactures and sells hookah and inhalation products. Its portfolio includes flavored molasses brands, such as Al Fakher, Shisha Kartel, Zødiac, NameLess, and Kloud King, as well as inhalation devices, such as OOKA and VANT. It sells its products through direct-to-consumer, distributor, and licensed retail channels in approximately 90 markets worldwide. The company was founded in 1999 and is based in Dubai, the United Arab Emirates.

Revenue increased from $364.0M in FY2023 to $376.6M in FY2024, representing 3.5% growth, and reached $399.7M in FY2025, an increase of 6.1%. Over that two-year period, revenue recorded a CAGR of 4.8%. Gross margin was 55.1% in FY2023, 57.8% in FY2024, and 56.1% in FY2025. Operating margin shifted from 20.9% in FY2023 to 24.2% in FY2024 and 20.8% in FY2025. Net income was $53.7M in FY2023, $34.1M in FY2024, and $46.8M in FY2025, generating an EPS of $0.10 in FY2025. For the trailing twelve months through the latest quarter ended June 30, 2026, revenue is reported at $0 and EPS stands at -$0.47.

As of June 30, 2026, Air Global held $85.4M in cash and short-term investments against total debt of $422.1M, resulting in net debt of $336.7M. Shareholders' equity was $192.8M and total assets stood at $759.1M, yielding a debt_to_equity ratio of 2.19 and a current ratio of 1.41. In FY2025, the business generated $115.9M in operating cash flow and $90.1M in free cash flow. Capital expenditures were $25.8M, share buybacks totaled $470,000, and dividends paid were $693,000.

At a share price of $7.45 and a market capitalization of $1.16B, Air Global trades at a price-to-sales multiple of 3.0x and an enterprise value to EBITDA ratio of 14.8x. Both multiples trade at a premium to the median of its US-listed Consumer Defensive peers, which post a price-to-sales ratio of 0.7x and an EV to EBITDA ratio of 11.7x. The company's price-to-book ratio is 6.0x and EV to revenue is 3.7x. Over the broader market, the S&P 500 (SPY) returned 16.8% over one year and 83.0% over five years, while Air Global traded between a 52-week low of $5.29 and a 52-week high of $15.30.

Wall Street coverage includes 1 Buy rating, with 0 Strong Buy, 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $10.00, representing upside of 34.2% over the last close of $7.45. For the current fiscal year ending December 31, 2026, the EPS estimate is $0.54 alongside a revenue estimate of $0. For the next fiscal year, 1 analyst estimates EPS of $0.61, representing 13.2% projected EPS growth, with a revenue estimate of $0.

This page is an AI-written research summary of Air Global PLC (AIIR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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