Company Valuation: AirAsia Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,079 2,601 3,510 4,330 1,839 1,498 - -
Change - -15.53% 34.94% 23.37% -57.54% -18.53% - -
Enterprise Value (EV) 1 18,552 19,995 26,492 5,477 2,753 2,253 1,915 1,488
Change - 7.78% 32.5% -79.33% -49.74% -18.16% -14.98% -22.3%
P/E -0.95x -1.02x 4.13x -9.01x 0.14x 7.28x 5.34x 4.04x
PBR -0.99x -0.44x -0.4x -0.49x 1.89x 1.24x 1.01x 0.66x
PEG - 0x -0x 0x -0x -0.1x 0.1x 0.1x
Capitalization / Revenue 3.09x 0.39x 0.24x 2.89x 0.92x 0.43x 0.4x 0.37x
EV / Revenue 18.6x 3.03x 1.79x 3.66x 1.38x 0.65x 0.51x 0.37x
EV / EBITDA -17.3x 55.4x 13.2x -8.26x -5.56x 4.11x 2.89x 1.88x
EV / EBIT -6.57x -17.7x 94.5x -7.16x -4.57x 5.6x 4.37x 3x
EV / FCF -51.2x -1,363x 34.2x 1.75x 0.51x 14.2x 5.68x 3.48x
FCF Yield -1.95% -0.07% 2.92% 57.3% 196% 7.07% 17.6% 28.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.83 -0.612 0.2 -0.111 3.001 0.046 0.0628 0.083
Distribution rate - - - - - - - -
Net sales 1 996.7 6,606 14,772 1,498 1,994 3,459 3,730 4,027
EBITDA 1 -1,072 360.9 2,009 -663.2 -494.9 548.3 662.5 792.9
EBIT 1 -2,823 -1,126 280.5 -765.3 -602.8 402 438 495.6
Net income 1 -3,119 -2,480 837 -475.1 13,034 194 260.4 395.8
Net Debt 1 15,472 17,393 22,982 1,147 914.3 755.1 417.6 -9.6
Reference price 2 0.7900 0.6250 0.8250 1.0000 0.4150 0.3350 0.3350 0.3350
Nbr of stocks (in thousands) 3,898,053 4,161,793 4,254,582 4,330,434 4,430,196 4,471,141 - -
Announcement Date 2/28/22 2/28/23 2/29/24 2/28/25 2/25/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.96x0.63x3.99x - 354M
13.11x0.93x7.23x0.93% 54.69B
10.77x0.82x6.76x-.--% 38.11B
13.49x1.37x6.15x1.85% 28.68B
8.49x0.82x3.88x2.13% 26.53B
68.81x2.35x13.68x0.06% 21.16B
28.63x1.12x5.94x3.59% 17.17B
-11.56x1.59x11.76x-.--% 16.21B
-47.81x1.55x9.76x-.--% 12.06B
8.46x0.97x4.78x5.73% 11.33B
Average 9.94x 1.22x 7.39x 1.59% 22.63B
Weighted average by Cap. 13.35x 1.18x 7.46x 1.28%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  3. 5099 Stock
  4. Valuation AirAsia Group