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 1,445 - -
Change - -12.31% 253.58% 6.95% -13% 85.78% - -
Enterprise Value (EV) 1 269.6 236.4 2,287 2,133 1,841 16,588 13,031 8,843
Change - -12.31% 867.07% -6.7% -13.72% 801.23% -21.45% -32.14%
P/E -0.01x 0.01x 2.26x 3.9x 4.06x 4.39x 1.44x 1.38x
PBR - -0.39x - 2.56x 1.5x 0.59x 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 4.11x 2.98x 1.8x
EV / EBIT - 0.01x 12.2x 3.94x 9.4x 9.38x 5.16x 3.9x
EV / FCF - - -24.2x 6.17x 7.94x 5.97x 3.31x 2.12x
FCF Yield - - -4.13% 16.2% 12.6% 16.7% 30.2% 47.1%
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 0.4300 0.4300 0.4300
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.($)
4.39x0.7x4.11x - 354M
15.5x0.86x7.62x1.03% 50.24B
11.47x0.72x7.21x-.--% 31.82B
13.36x1.31x6.07x1.91% 26.44B
7.66x0.77x3.72x2.26% 23.25B
16.91x0.75x7.29x1.72% 20.44B
60.99x2.08x12.46x0.07% 18.53B
28.53x1.07x5.71x3.9% 16.34B
-9.79x1.59x11.06x-.--% 15.3B
9.27x1.1x4.64x3.54% 13.31B
Average 15.83x 1.09x 6.99x 1.6% 21.6B
Weighted average by Cap. 16.63x 1.06x 7.24x 1.4%

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