Company Valuation: AirAsia X

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 6,486 6,486 -
Change - -13.33% -12.31% 253.58% 6.95% 625.43% 0% -
Enterprise Value (EV) 1 5,473 269.6 236.4 2,287 2,133 7,406 22,380 18,575
Change - -95.07% -12.31% 867.07% -6.7% 247.17% 202.17% -17%
P/E ratio -0.23x -0.01x 0.01x 2.26x 3.9x 6.7x 5.46x 5.21x
PBR -0.25x - -0.39x - 2.56x 2.63x 1.77x 1.32x
PEG - -0x -0x -0x -0.1x -0.2x 0.2x 1.08x
Capitalization / Revenue 0.28x 0.22x 0.27x 0.33x 0.28x 1.95x 0.38x 0.36x
EV / Revenue 4.84x 0.22x 0.27x 0.9x 0.66x 2.23x 1.31x 1.04x
EV / EBITDA -12.5x - 0.01x 6.31x 3.77x 16.9x 6.32x 5.09x
EV / EBIT -4.54x - 0.01x 12.2x 3.94x 31.2x 7.9x 6.42x
EV / FCF - - - -24.2x 6.17x 19x 5.27x 4.37x
FCF Yield - - - -4.13% 16.2% 5.26% 19% 22.9%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -3.22 -81.22 79.51 0.826 0.513 0.288 0.3535 0.3705
Distribution rate - - - - - - - -
Net sales 1 1,130 1,216 878.2 2,528 3,245 3,324 17,109 17,893
EBITDA 1 -439.6 - 33,030 362.2 565.7 437 3,544 3,648
EBIT 1 -1,206 - 33,014 187.5 541.9 237.2 2,833 2,892
Net income 1 -1,338 - 32,983 369.1 229.1 129 835.6 860.6
Net Debt 1 5,162 - - 1,451 1,239 919.9 15,893 12,089
Reference price 2 0.750 0.650 0.570 1.870 2.000 1.930 1.930 1.930
Nbr of stocks (in thousands) 4,14,815 4,14,815 4,14,815 4,47,073 4,47,073 33,60,827 33,60,827 -
Announcement Date 26/02/21 29/10/21 22/02/23 29/02/24 28/02/25 - - -
1MYR in Million2MYR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.7x2.23x16.95x - 166.32Cr
9.4x0.89x5.99x1.11% 4.48TCr
8.25x0.84x5.69x-.--% 3.53TCr
13.26x1.72x7.07x1.7% 3.42TCr
7.43x0.9x3.95x2.12% 2.73TCr
62.74x2.53x12.29x0.2% 2.1TCr
1836.7x1.89x9.83x-.--% 2TCr
111.78x1.91x9.4x0.07% 1.85TCr
139.27x2.18x10.01x-.--% 1.85TCr
24.91x1.42x6.82x3.04% 1.74TCr
Average 222.04x 1.65x 8.80x 0.91% 2.39TCr
Weighted average by Cap. 186.48x 1.46x 7.46x 0.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA