Projected Income Statement: AirAsia X

Forecast Balance Sheet: AirAsia X

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 5,162 - - 1,451 1,239 888 529 190
Change - - - - -14.61% -28.34% -40.43% -64.08%
Announcement Date 26/02/21 29/10/21 22/02/23 29/02/24 28/02/25 - - -
1MYR in Million
Estimates

Cash Flow Forecast: AirAsia X

Fiscal Period: December 2020 2023 2024 2025 2026 2027
CAPEX 1 5.373 8.691 23.84 10 10 10
Change - - 174.35% -58.06% 0% 0%
Free Cash Flow (FCF) 1 - -94.47 345.6 423.7 464.8 444.8
Change - - 465.85% 22.59% 9.7% -4.3%
Announcement Date 26/02/21 29/02/24 28/02/25 - - -
1MYR in Million
Estimates

Forecast Financial Ratios: AirAsia X

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) -38.9% - 3,761.19% 14.33% 17.43% 13.77% 14.04% 10.48%
EBIT Margin (%) -106.72% - 3,759.35% 7.42% 16.7% 7.22% 7.42% 7.85%
EBT Margin (%) -118.31% - 3,755.68% 14.68% 6.9% 3.81% 4.02% 4.59%
Net margin (%) -118.37% - 3,755.82% 14.6% 7.06% 3.79% 4% 4.56%
FCF margin (%) - - - -3.74% 10.65% 11.76% 12.33% 11.31%
FCF / Net Income (%) - - - -25.59% 150.84% 310.06% 308.53% 248.15%

Profitability

        
ROA -14.54% - - 2.83% 7.18% 4.1% 4.35% 4.95%
ROE - - - - 98.48% 29.75% 24.75% 22.5%

Financial Health

        
Leverage (Debt/EBITDA) -11.74x - - 4x 2.19x 1.79x 1x 0.46x
Debt / Free cash flow - - - -15.35x 3.59x 2.1x 1.14x 0.43x

Capital Intensity

        
CAPEX / Current Assets (%) 0.48% - - 0.34% 0.73% 0.28% 0.27% 0.25%
CAPEX / EBITDA (%) -1.22% - - 2.4% 4.22% 2.01% 1.89% 2.43%
CAPEX / FCF (%) - - - -9.2% 6.9% 2.36% 2.15% 2.25%

Items per share

        
Cash flow per share 1 -0.9181 - - - - - - -
Change - - - - - - - -
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 -3.02 - -1.446 - 0.781 1.13 1.53 2.03
Change - - - - - 44.69% 35.4% 32.68%
EPS 1 -3.22 -81.22 79.51 0.826 0.513 0.3045 0.3345 0.3985
Change - -2,422.36% 197.9% -98.96% -37.89% -40.64% 9.85% 19.13%
Nbr of stocks (in thousands) 4,14,815 4,14,815 4,14,815 4,47,073 4,47,073 4,47,073 4,47,073 4,47,073
Announcement Date 26/02/21 29/10/21 22/02/23 29/02/24 28/02/25 - - -
1MYR
Estimates
2025 *2026 *
P/E ratio 5.62x 5.11x
PBR 1.51x 1.12x
EV / Sales 0.46x 0.34x
Yield - -
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Trader
Investor
Global
Quality
ESG MSCI
-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
1.710MYR
Average target price
2.075MYR
Spread / Average Target
+21.35%
Consensus

Annual profits - Rate of surprise