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 2,369 - -
Change - -12.31% 253.58% 6.95% -13% 204.59% - -
Enterprise Value (EV) 1 269.6 236.4 2,287 2,133 1,841 17,556 13,898 9,627
Change - -12.31% 867.07% -6.7% -13.72% 853.85% -20.84% -30.73%
P/E -0.01x 0.01x 2.26x 3.9x 4.06x 7.19x 2.37x 2.27x
PBR - -0.39x - 2.56x 1.5x 0.96x 0.65x 0.48x
PEG - -0x -0x -0.1x -0.2x -0.1x 0x 0.52x
Capitalization / Revenue 0.22x 0.27x 0.33x 0.28x 0.23x 0.09x 0.09x 0.09x
EV / Revenue 0.22x 0.27x 0.9x 0.66x 0.55x 0.68x 0.54x 0.37x
EV / EBITDA - 0.01x 6.31x 3.77x 4.48x 4.31x 2.82x 1.74x
EV / EBIT - 0.01x 12.2x 3.94x 9.4x 10.2x 5.4x 3.11x
EV / FCF - - -24.2x 6.17x 7.94x 5.8x 3.27x 2.25x
FCF Yield - - -4.13% 16.2% 12.6% 17.2% 30.6% 44.4%
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 25,656 25,510 25,942
EBITDA 1 - 33,030 362.2 565.7 410.9 4,071 4,921 5,523
EBIT 1 - 33,014 187.5 541.9 195.8 1,716 2,572 3,092
Net income 1 - 32,983 369.1 229.1 191.7 76.9 968.6 1,003
Net Debt 1 - - 1,451 1,239 1,063 15,187 11,529 7,257
Reference price 2 0.6500 0.5700 1.8700 2.0000 1.7400 0.7050 0.7050 0.7050
Nbr of stocks (in thousands) 414,815 414,815 447,073 447,073 447,073 3,360,839 - -
Announcement Date 10/29/21 2/22/23 2/29/24 2/28/25 2/26/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.19x0.68x4.31x - 586M
12.57x0.9x6.99x0.97% 52.44B
10.06x0.79x6.52x-.--% 36.15B
13.44x1.35x6.1x1.87% 28.14B
8.25x0.81x3.79x2.19% 25.68B
65.63x2.26x13.15x0.07% 20.38B
27.97x1.09x5.82x3.67% 16.82B
-11.31x1.68x11.53x-.--% 15.97B
13.79x1.18x4.89x3.13% 15.05B
-12.33x1.62x10.23x0.25% 11.9B
Average 13.53x 1.24x 7.33x 1.35% 22.31B
Weighted average by Cap. 14.82x 1.18x 7.26x 1.23%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield