Company Valuation: AirAsia X

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 269.6 236.4 836 894.1 777.9 1,462 - -
Change - -12.31% 253.58% 6.95% -13% 87.94% - -
Enterprise Value (EV) 1 269.6 236.4 2,287 2,133 1,841 16,605 13,047 8,860
Change - -12.31% 867.07% -6.7% -13.72% 802.15% -21.42% -32.1%
P/E -0.01x 0.01x 2.26x 3.9x 4.06x 4.44x 1.46x 1.4x
PBR - -0.39x - 2.56x 1.5x 0.6x 0.4x 0.29x
PEG - -0x -0x -0.1x -0.2x -0.1x 0x 0.32x
Capitalization / Revenue 0.22x 0.27x 0.33x 0.28x 0.23x 0.06x 0.06x 0.06x
EV / Revenue 0.22x 0.27x 0.9x 0.66x 0.55x 0.7x 0.54x 0.37x
EV / EBITDA - 0.01x 6.31x 3.77x 4.48x 4.12x 2.98x 1.81x
EV / EBIT - 0.01x 12.2x 3.94x 9.4x 9.39x 5.16x 3.91x
EV / FCF - - -24.2x 6.17x 7.94x 5.98x 3.32x 2.13x
FCF Yield - - -4.13% 16.2% 12.6% 16.7% 30.1% 47%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -81.22 79.51 0.826 0.513 0.429 0.098 0.298 0.311
Distribution rate - - - - - - - -
Net sales 1 1,216 878.2 2,528 3,245 3,325 23,734 24,290 23,768
EBITDA 1 - 33,030 362.2 565.7 410.9 4,035 4,373 4,907
EBIT 1 - 33,014 187.5 541.9 195.8 1,769 2,527 2,266
Net income 1 - 32,983 369.1 229.1 191.7 229.5 765.6 957
Net Debt 1 - - 1,451 1,239 1,063 15,143 11,585 7,398
Reference price 2 0.6500 0.5700 1.8700 2.0000 1.7400 0.4350 0.4350 0.4350
Nbr of stocks (in thousands) 414,815 414,815 447,073 447,073 447,073 3,360,839 - -
Announcement Date 29/10/21 22/02/23 29/02/24 28/02/25 26/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
4.44x0.7x4.12x - 360M
16.18x0.88x7.88x0.98% 52.45B
12.21x0.75x7.45x-.--% 33.87B
13.68x1.34x6.22x1.91% 26.8B
7.84x0.78x3.77x2.21% 23.44B
17.08x0.76x7.39x1.7% 20.77B
87.79x2.12x13.16x0.07% 19.86B
30.77x1.08x5.91x3.48% 16.51B
-9.78x1.6x11.14x-.--% 15.68B
8.27x1.02x4.29x3.97% 11.87B
Average 18.85x 1.10x 7.13x 1.59% 22.16B
Weighted average by Cap. 19.70x 1.08x 7.49x 1.34%

Y-o-Y evolution of P/E

Valuation ratios - P/E - AirAsia X

Historical PBR trend

Valuation ratios - PBR - AirAsia X

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - AirAsia X

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - AirAsia X


Year-on-year evolution of the Yield

Valuation ratios - Yield - AirAsia X