Valuation AirAsia X

Equities

Delayed BURSA MALAYSIA Other stock markets 07:20:32 13/04/2026 am IST			5-day change	1st Jan Change
1.170 ^MYR	-3.31%		-1.68%	-32.76%

10/04	Price hikes, outlook cuts - What airlines are doing as fuel costs surge	RE
09/04	Price hikes, outlook cuts - What airlines are doing as fuel costs surge	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	311.1	269.6	236.4	836	894.1	4,067	4,067	-
Change	-	-13.33%	-12.31%	253.58%	6.95%	354.8%	0%	-
Enterprise Value (EV) ¹	5,473	269.6	236.4	2,287	2,133	1,841	19,254	15,595
Change	-	-95.07%	-12.31%	867.07%	-6.7%	-13.72%	286.11%	-19%
P/E ratio	-0.23x	-0.01x	0.01x	2.26x	3.9x	4.06x	2.75x	2.74x
PBR	-0.25x	-	-0.39x	-	2.56x	1.5x	1.63x	0.99x
PEG	-	-0x	-0x	-0x	-0.1x	-0.2x	0.1x	6.03x
Capitalization / Revenue	0.28x	0.22x	0.27x	0.33x	0.28x	0.23x	0.16x	0.16x
EV / Revenue	4.84x	0.22x	0.27x	0.9x	0.66x	0.55x	0.78x	0.62x
EV / EBITDA	-12.5x	-	0.01x	6.31x	3.77x	4.48x	4.22x	2.96x
EV / EBIT	-4.54x	-	0.01x	12.2x	3.94x	9.4x	8.64x	5.48x
EV / FCF	-	-	-	-24.2x	6.17x	7.94x	6.36x	3.67x
FCF Yield	-	-	-	-4.13%	16.2%	12.6%	15.7%	27.3%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	-3.22	-81.22	79.51	0.826	0.513	0.429	0.44	0.442
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	1,130	1,216	878.2	2,528	3,245	3,325	24,649	25,269
EBITDA ¹	-439.6	-	33,030	362.2	565.7	410.9	4,566	5,275
EBIT ¹	-1,206	-	33,014	187.5	541.9	195.8	2,229	2,846
Net income ¹	-1,338	-	32,983	369.1	229.1	191.7	650.4	1,212
Net Debt ¹	5,162	-	-	1,451	1,239	1,063	15,187	11,529
Reference price ²	0.750	0.650	0.570	1.870	2.000	1.210	1.210	1.210
Nbr of stocks (in thousands)	4,14,815	4,14,815	4,14,815	4,47,073	4,47,073	33,60,839	33,60,839	-
Announcement Date	26/02/21	29/10/21	22/02/23	29/02/24	28/02/25	26/02/26	-	-

¹MYR in Million²MYR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
AIRASIA X	4.2x	1.5x	11.41x	-	102.51Cr
DELTA AIR LINES, INC.	12.67x	0.86x	7.18x	1.14%	4.43TCr
RYANAIR HOLDINGS PLC	12.7x	1.62x	6.7x	1.78%	3.21TCr
UNITED AIRLINES HOLDINGS, INC.	8.93x	0.76x	6.67x	-.--%	3.13TCr
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	6.49x	0.73x	3.29x	2.51%	2.36TCr
INTERGLOBE AVIATION LIMITED	54.65x	2.38x	12.51x	0.22%	1.89TCr
SINGAPORE AIRLINES LIMITED	19x	1.29x	5.88x	4.07%	1.64TCr
AIR CHINA LIMITED	-11.62x	1.73x	12.5x	-.--%	1.59TCr
LATAM AIRLINES GROUP S.A.	9.9x	1.32x	4.81x	3.02%	1.54TCr
CHINA SOUTHERN AIRLINES COMPANY LIMITED	-74.16x	1.65x	9.97x	0.17%	1.39TCr
Average	4.28x	1.38x	8.09x	1.43%	2.13TCr
Weighted average by Cap.	7.93x	1.27x	7.40x	1.35%