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Dubai-based maker of flavored shisha molasses and vaping/inhalation devices sold in about 90 countries.
Dubai-based maker of flavored shisha molasses and vaping/inhalation devices sold in about 90 countries.
Sells through distributors rather than direct to lounges, so import rules, taxes and licensing in each country shape sales more than marketing does. Flavoured-tobacco restrictions are the main regulatory pressure on the shisha category, and its vaping devices put it in a second tightly regulated area.
Moat: narrow (brand, distribution, scale). Al Fakher is a globally recognized shisha brand with an established distributor network across ~90 markets.
Headquarters: Dubai, United Arab Emirates · Founded: 1999 · Employees: 2
Size AIR Global (AIIR) is a United States Consumer Staples company (Industrial Conglomerates) with a market value of $1.20B, the 2140th largest of 3,117 United States companies the cockpit tracks. Shares closed at $7.47 on 6 Nov 2026.
Growth The operating margin is 16.1% (peer median 6.2%).
Valuation It trades at 24.1× forward earnings against a peer median of 10.6× (2nd most expensive of 18).
Capital Return on invested capital runs 2.9 points below its cost of capital (6.1% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $136M | $0 | $0 | $0 | $0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | $76.8M | $0 | $0 | $0 | $0 |
| EBITDA | n/a | -$2.26M | -$61,130 | -$3,470 | -$6,290 |
| Net income | -$70.9M | $3.60M | -$61,126 | -$3,472 | -$6,289 |
| Free cash flow | -$14.4M | -$29,730 | -$70,540 | $0 | $0 |
| Capital expenditure | $5.28M | $0 | $0 | $0 | $0 |
| Total debt | $422M | $311,783 | $70,540 | $0 | $0 |
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| AIR Global AIIR | $1.20B | n/a | n/a | 16% | 24.1× | n/a |
| Smoore International 6969.HK | $6.61B | -19% | +25% | 7% | 32.3× | 28.7% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AIIR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.4% | +6.5% | 9th lowest of 21 |
| Distance from 52-week high | -44.1% | -25.0% | 5th lowest of 21 |
| Operating margin | 16.1% | 6.2% | 2nd highest of 20 |
| Forward P/E | 24.1× | 10.6× | 2nd most expensive of 18 |
| ROIC minus cost of capital | -2.9 pp | -0.6 pp | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AIR Global AIIR | United States | $1.20B | n/a | n/a | 16% | 24.1× | n/a | n/a |
| Grocery Outlet GO | United States | $1.29B | +59% | +5% | 4% | 21.6× | 4.4% | +8.4% |
| Edgewell Personal Care EPC | United States | $1.29B | +32% | -7% | 6% | 12.4× | 4.1% | +2.7% |
| Del Monte DMC | United States | $1.29B | -27% | +1% | 4% | 12.1× | n/a | n/a |
| Adecoagro AGRO | United States | $1.30B | -31% | +7% | 2% | 5.3× | 37.5% | +12.1% |
| Dole DOLE | United States | $1.31B | -7% | +8% | 2% | 10.6× | 4.1% | +16.1% |
| Turning Point Brands TPB | United States | $1.32B | -29% | +20% | 17% | 71.8× | 11.0% | +2.7% |
| Simply Good Foods SMPL | United States | $1.05B | -2% | -7% | 13% | 7.9× | -12.3% | +6.2% |
| Seneca Foods SENEA | United States | $1.03B | +9% | +12% | 9% | 10.9× | -15.1% | +2.5% |
| Mission Produce AVO | United States | $1.02B | -11% | -6% | 4% | 16.4× | n/a | n/a |
| Flowers Foods FLO | United States | $1.42B | -20% | +2% | 6% | 8.8× | -7.6% | +3.7% |
| Universal UVV | United States | $981M | -27% | -3% | 6% | 10.6× | -1.7% | +8.1% |
| Ingles Markets IMKTA | United States | $1.53B | -5% | +1% | 3% | n/a | -1.4% | +3.0% |
| Yesway YSWY | United States | $1.56B | -4% | n/a | n/a | 21.2× | n/a | n/a |
| Herbalife HLF | United States | $1.60B | +7% | +6% | 9% | 5.4× | -14.8% | -1.9% |
| Energizer ENR | United States | $1.63B | +26% | +2% | 16% | 7.2× | -5.2% | +1.5% |
| Westrock Coffee WEST | United States | $878M | +9% | +39% | 0% | n/a | n/a | n/a |
| Nomad Foods NOMD | United States | $1.64B | +24% | +3% | 13% | 7.3× | -4.1% | +3.6% |
| J & J Snack Foods JJSF | United States | $1.68B | +18% | -5% | 6% | 24.1× | 6.8% | +9.1% |
| Agencia Comercial Spirits AGCC | United States | $804M | -24% | +145% | 13% | n/a | n/a | n/a |
| Andersons ANDE | United States | $1.87B | -23% | -4% | 1% | 8.7× | n/a | n/a |