Company Valuation: AirAsia Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,079 2,601 3,510 4,330 1,839 1,766 - -
Change - -15.53% 34.94% 23.37% -57.54% -3.94% - -
Enterprise Value (EV) 1 18,552 19,995 26,492 5,477 2,753 2,521 2,184 1,757
Change - 7.78% 32.5% -79.33% -49.74% -8.41% -13.39% -19.56%
P/E -0.95x -1.02x 4.13x -9.01x 0.14x 8.59x 6.29x 4.76x
PBR -0.99x -0.44x -0.4x -0.49x - 1.46x 1.19x 0.78x
PEG - 0x -0x 0x -0x -0.1x 0.2x 0.1x
Capitalization / Revenue 3.09x 0.39x 0.24x 2.89x 0.92x 0.51x 0.47x 0.44x
EV / Revenue 18.6x 3.03x 1.79x 3.66x 1.38x 0.73x 0.59x 0.44x
EV / EBITDA -17.3x 55.4x 13.2x -8.26x -5.56x 4.6x 3.3x 2.22x
EV / EBIT -6.57x -17.7x 94.5x -7.16x -4.57x 6.27x 4.99x 3.54x
EV / FCF -51.2x -1,363x 34.2x 1.75x 0.51x 15.8x 6.47x 4.11x
FCF Yield -1.95% -0.07% 2.92% 57.3% 196% 6.31% 15.5% 24.3%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.83 -0.612 0.2 -0.111 3.001 0.046 0.0628 0.083
Distribution rate - - - - - - - -
Net sales 1 996.7 6,606 14,772 1,498 1,994 3,459 3,730 4,027
EBITDA 1 -1,072 360.9 2,009 -663.2 -494.9 548.3 662.5 792.9
EBIT 1 -2,823 -1,126 280.5 -765.3 -602.8 402 438 495.6
Net income 1 -3,119 -2,480 837 -475.1 13,034 194 260.4 395.8
Net Debt 1 15,472 17,393 22,982 1,147 914.3 755.1 417.6 -9.6
Reference price 2 0.7900 0.6250 0.8250 1.0000 0.4150 0.3950 0.3950 0.3950
Nbr of stocks (in thousands) 3,898,053 4,161,793 4,254,582 4,330,434 4,430,196 4,471,141 - -
Announcement Date 28/02/22 28/02/23 29/02/24 28/02/25 25/02/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.7x0.74x4.64x - 439M
14.46x0.97x7.45x0.88% 57.16B
11.14x0.88x6.92x-.--% 40.9B
14.02x1.56x6.86x1.75% 32.21B
9.39x0.86x4.12x1.89% 27.94B
-372.73x2.74x14.49x0.19% 21.54B
28.12x1.26x6.26x3.41% 18.82B
12.08x1.26x5.1x2.89% 16.3B
-13.78x1.54x10x-.--% 13.62B
9.08x0.42x4.18x3.31% 13.04B
Average -27.95x 1.22x 7.00x 1.59% 24.2B
Weighted average by Cap. -22.19x 1.22x 7.24x 1.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  3. 5099 Stock
  4. Valuation AirAsia Group