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 1,479 - -
Change - -12.31% 253.58% 6.95% -13% 90.1% - -
Enterprise Value (EV) 1 269.6 236.4 2,287 2,133 1,841 16,622 13,064 8,876
Change - -12.31% 867.07% -6.7% -13.72% 803.06% -21.4% -32.06%
P/E -0.01x 0.01x 2.26x 3.9x 4.06x 4.49x 1.48x 1.41x
PBR - -0.39x - 2.56x 1.5x 0.6x 0.41x 0.3x
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 2.99x 1.81x
EV / EBIT - 0.01x 12.2x 3.94x 9.4x 9.4x 5.17x 3.92x
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% 46.9%
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 0.4400 0.4400 0.4400
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.($)
4.49x0.7x4.12x - 364M
16.48x0.9x8x0.97% 53.42B
12.32x0.75x7.49x-.--% 34.18B
13.72x1.34x6.24x1.9% 26.88B
7.98x0.79x3.82x2.17% 23.83B
17.58x0.77x7.57x1.65% 21.39B
62.68x2.1x12.7x0.07% 18.98B
30.49x1.07x5.86x3.52% 16.33B
-9.64x1.59x11.12x-.--% 15.58B
8.71x1.05x4.45x3.76% 12.51B
Average 16.48x 1.11x 7.14x 1.56% 22.35B
Weighted average by Cap. 17.38x 1.08x 7.48x 1.32%

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