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 1,654 - -
Change - -15.53% 34.94% 23.37% -57.54% -10.02% - -
Enterprise Value (EV) 1 18,552 19,995 26,492 5,477 2,753 2,409 2,072 1,645
Change - 7.78% 32.5% -79.33% -49.74% -12.47% -14.01% -20.62%
P/E -0.95x -1.02x 4.13x -9.01x 0.14x 8.04x 5.9x 4.46x
PBR -0.99x -0.44x -0.4x -0.49x 1.89x 1.37x 1.11x 0.73x
PEG - 0x -0x 0x -0x -0.1x 0.2x 0.1x
Capitalization / Revenue 3.09x 0.39x 0.24x 2.89x 0.92x 0.48x 0.44x 0.41x
EV / Revenue 18.6x 3.03x 1.79x 3.66x 1.38x 0.7x 0.56x 0.41x
EV / EBITDA -17.3x 55.4x 13.2x -8.26x -5.56x 4.39x 3.13x 2.07x
EV / EBIT -6.57x -17.7x 94.5x -7.16x -4.57x 5.99x 4.73x 3.32x
EV / FCF -51.2x -1,363x 34.2x 1.75x 0.51x 15.1x 6.14x 3.85x
FCF Yield -1.95% -0.07% 2.92% 57.3% 196% 6.61% 16.3% 26%
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 0.3700 0.3700 0.3700
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 28/2/22 28/2/23 29/2/24 28/2/25 25/2/26 - - -
1MYR in Million2MYR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.04x0.7x4.39x - 405M
13.62x0.97x7.38x0.88% 57.19B
10.68x0.84x6.81x-.--% 39.38B
13.84x1.41x6.32x1.81% 29B
8.2x0.8x3.73x2.21% 25.64B
68.19x2.33x13.58x0.06% 20.95B
30.18x1.22x6.44x3.05% 18.9B
-14.15x1.63x11.18x-.--% 17.07B
8.64x0.41x4.05x3.53% 12.47B
-124.82x1.55x8.74x-.--% 12.56B
Average 2.24x 1.19x 7.26x 1.28% 23.36B
Weighted average by Cap. 9.04x 1.17x 7.40x 1.13%

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