Financials AirAsia X

Equities

AAX

MYL5238OO000

Airlines

End-of-day quote BURSA MALAYSIA 06:00:00 2024-05-22 pm EDT 5-day change 1st Jan Change
1.56 MYR -0.64% Intraday chart for AirAsia X +1.30% -16.58%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 643 311.1 269.6 236.4 836 697.4 - -
Enterprise Value (EV) 1 6,602 5,473 269.6 236.4 2,287 1,753 1,515 1,302
P/E ratio -1.31 x -0.23 x -0.01 x 0.01 x 2.26 x 8.21 x 5.82 x 5.27 x
Yield - - - - - - - -
Capitalization / Revenue 0.15 x 0.28 x 0.22 x 0.27 x 0.33 x 0.19 x 0.18 x 0.18 x
EV / Revenue 1.5 x 4.84 x 0.22 x 0.27 x 0.9 x 0.48 x 0.39 x 0.34 x
EV / EBITDA 7.95 x -12.5 x - 0.01 x 6.31 x 4.06 x 3.53 x 3.04 x
EV / FCF 10.8 x - - - -24.2 x 3.33 x 4.11 x 3.92 x
FCF Yield 9.27% - - - -4.13% 30% 24.3% 25.5%
Price to Book 2.87 x -0.25 x - -0.39 x - - - -
Nbr of stocks (in thousands) 414,815 414,815 414,815 414,815 447,073 447,073 - -
Reference price 2 1.550 0.7500 0.6500 0.5700 1.870 1.560 1.560 1.560
Announcement Date 2/27/20 2/26/21 10/29/21 2/22/23 2/29/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,393 1,130 1,216 878.2 2,528 3,682 3,866 3,866
EBITDA 1 830.9 -439.6 - 33,030 362.2 431.4 428.9 428.9
EBIT 1 -90.14 -1,206 - 33,014 187.5 215.6 241.4 241.4
Operating Margin -2.05% -106.72% - 3,759.35% 7.42% 5.86% 6.24% 6.24%
Earnings before Tax (EBT) 1 -324.1 -1,337 - 32,981 371 84.9 119.6 132.2
Net income 1 -489.5 -1,338 - 32,983 369.1 84.9 119.6 132.2
Net margin -11.14% -118.37% - 3,755.82% 14.6% 2.31% 3.09% 3.42%
EPS 2 -1.180 -3.220 -81.22 79.51 0.8260 0.1900 0.2680 0.2960
Free Cash Flow 1 612.2 - - - -94.47 526.1 368.9 332.4
FCF margin 13.94% - - - -3.74% 14.29% 9.54% 8.6%
FCF Conversion (EBITDA) 73.67% - - - - 121.95% 86.01% 77.5%
FCF Conversion (Net income) - - - - - 619.67% 308.44% 251.44%
Dividend per Share - - - - - - - -
Announcement Date 2/27/20 2/26/21 10/29/21 2/22/23 2/29/24 - - -
1MYR in Million2MYR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3
Net sales 1 100.1
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income -
Net margin -
EPS 2 0.0600
Dividend per Share -
Announcement Date 11/22/22
1MYR in Million2MYR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,959 5,162 - - 1,451 1,056 818 604
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.172 x -11.74 x - - 4.005 x 2.447 x 1.907 x 1.409 x
Free Cash Flow 1 612 - - - -94.5 526 369 332
ROE (net income / shareholders' equity) -123% - - - - 49.3% 43.6% 33%
ROA (Net income/ Total Assets) -6.97% -14.5% - - 2.83% 2.7% 3.7% 4.2%
Assets 1 7,023 9,198 - - 13,047 3,144 3,232 3,148
Book Value Per Share 0.5400 -3.020 - -1.450 - - - -
Cash Flow per Share 1.590 -0.9200 - - - - - -
Capex 1 46.3 5.37 - - 8.69 10 10 10
Capex / Sales 1.05% 0.48% - - 0.34% 0.27% 0.26% 0.26%
Announcement Date 2/27/20 2/26/21 10/29/21 2/22/23 2/29/24 - - -
1MYR in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
1.56 MYR
Average target price
1.52 MYR
Spread / Average Target
-2.56%
Consensus

Annual profits - Rate of surprise