AIRASIA GROUP |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.735 MYR | +5.00% |
|
+13.08% | -10.91% |
| Apr. 25 | Capital A Berhad announced that it expects to receive MYR 1 billion in funding | CI |
| Apr. 24 | Capital A chief Fernandes defers retirement, renews contract for 5 years | RE |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,926 | 5,681 | 2,958 | 3,079 | 2,601 | 3,127 | 3,127 | - |
| Enterprise Value (EV) 1 | 7,751 | 15,781 | 16,437 | 18,552 | 19,995 | 26,492 | 20,336 | 18,009 |
| P/E ratio | 5.02 x | -18.7 x | -0.58 x | -0.95 x | -1.02 x | 4.13 x | 7.84 x | 4.83 x |
| Yield | 21.5% | 52.9% | - | - | - | - | - | - |
| Capitalization / Revenue | 0.94 x | 0.47 x | 1.04 x | 3.09 x | 0.39 x | 0.24 x | 0.2 x | 0.18 x |
| EV / Revenue | 0.73 x | 1.32 x | 5.78 x | 18.6 x | 3.03 x | 1.79 x | 1.29 x | 1.03 x |
| EV / EBITDA | 4.31 x | 7.02 x | -26.1 x | -17.3 x | 55.4 x | 13.2 x | 6.79 x | 5.04 x |
| EV / FCF | -66.5 x | 4.7 x | -7.07 x | -51.2 x | -1,363 x | 34.2 x | 19.3 x | 7.44 x |
| FCF Yield | -1.5% | 21.3% | -14.1% | -1.95% | -0.07% | 2.92% | 5.19% | 13.4% |
| Price to Book | 1.27 x | 1.28 x | -2.39 x | -0.99 x | -0.44 x | -0.4 x | -0.57 x | -0.7 x |
| Nbr of stocks (in thousands) | 3,341,974 | 3,341,974 | 3,341,974 | 3,898,053 | 4,161,793 | 4,254,679 | 4,254,679 | - |
| Reference price 2 | 2.970 | 1.700 | 0.8850 | 0.7900 | 0.6250 | 0.7350 | 0.7350 | 0.7350 |
| Announcement Date | 2/27/19 | 2/27/20 | 3/29/21 | 2/28/22 | 2/28/23 | 2/29/24 | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,604 | 11,965 | 2,844 | 996.7 | 6,606 | 14,772 | 15,746 | 17,521 |
| EBITDA 1 | 1,800 | 2,249 | -630 | -1,072 | 360.9 | 2,009 | 2,996 | 3,571 |
| EBIT 1 | 1,208 | 742.9 | -2,700 | -2,823 | -1,126 | 280.5 | 1,497 | 1,797 |
| Operating Margin | 11.39% | 6.21% | -94.93% | -283.27% | -17.05% | 1.9% | 9.51% | 10.26% |
| Earnings before Tax (EBT) 1 | 1,365 | -549.8 | -5,584 | -3,768 | -3,169 | 533.4 | 440.3 | 759.2 |
| Net income 1 | 1,980 | -303.7 | -5,097 | -3,119 | -2,480 | 837 | 398.7 | 596.4 |
| Net margin | 18.67% | -2.54% | -179.18% | -312.88% | -37.54% | 5.67% | 2.53% | 3.4% |
| EPS 2 | 0.5920 | -0.0910 | -1.525 | -0.8300 | -0.6120 | 0.2000 | 0.0937 | 0.1521 |
| Free Cash Flow 1 | -116.6 | 3,359 | -2,324 | -362.4 | -14.67 | 774.3 | 1,055 | 2,420 |
| FCF margin | -1.1% | 28.07% | -81.7% | -36.36% | -0.22% | 5.24% | 6.7% | 13.81% |
| FCF Conversion (EBITDA) | - | 149.36% | - | - | - | 38.54% | 35.21% | 67.76% |
| FCF Conversion (Net income) | - | - | - | - | - | 92.52% | 264.57% | 405.74% |
| Dividend per Share 2 | 0.6400 | 0.9000 | - | - | - | - | - | - |
| Announcement Date | 2/27/19 | 2/27/20 | 3/29/21 | 2/28/22 | 2/28/23 | 2/29/24 | - | - |
1MYR in Million2MYR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | 187.8 | 118 | 462.5 | - | - | 1,961 | 2,368 | 2,530 | - |
| EBITDA | - | -196.8 | -280.3 | -366 | -308.6 | - | 72.25 | 488.6 | 502.2 | - |
| EBIT | - | -652.7 | -733.6 | -789.1 | -689.4 | - | -314.6 | 141 | 138.5 | - |
| Operating Margin | - | -347.59% | -621.53% | -170.6% | - | - | -16.05% | 5.95% | 5.47% | - |
| Earnings before Tax (EBT) 1 | - | -726.8 | -1,112 | -964 | -1,076 | - | -1,154 | 175.4 | - | 116.4 |
| Net income 1 | -417.2 | -580.1 | -887 | -884.1 | -903.8 | -931.2 | -901.3 | 256.2 | - | -159.6 |
| Net margin | - | -308.89% | -751.51% | -191.15% | - | - | -45.97% | 10.82% | - | - |
| EPS | - | -0.1520 | -0.2280 | -0.2270 | -0.2230 | -0.2300 | -0.2230 | 0.0620 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/20 | 9/8/21 | 11/22/21 | 2/28/22 | 5/26/22 | 8/26/22 | 11/30/22 | 2/28/23 | 4/28/23 | - |
1MYR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 10,100 | 13,479 | 15,472 | 17,393 | 22,982 | 17,209 | 14,882 |
| Net Cash position 1 | 2,175 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 4.491 x | -21.4 x | -14.44 x | 48.2 x | 11.44 x | 5.744 x | 4.167 x |
| Free Cash Flow 1 | -117 | 3,359 | -2,324 | -362 | -14.7 | 774 | 1,055 | 2,420 |
| ROE (net income / shareholders' equity) | 24.9% | -4.97% | -218% | 128% | - | - | - | - |
| ROA (Net income/ Total Assets) | 9.79% | -1.39% | -15.6% | -14.4% | -9.84% | 3.5% | 2.13% | 2.96% |
| Assets 1 | 20,222 | 21,848 | 32,654 | 21,653 | 25,204 | 23,917 | 18,711 | 20,170 |
| Book Value Per Share 2 | 2.350 | 1.330 | -0.3700 | -0.8000 | -1.420 | -2.080 | -1.300 | -1.050 |
| Cash Flow per Share 2 | 0.5900 | 1.110 | -0.6400 | -0.0900 | 0 | 0.2500 | 0.0200 | 0.3200 |
| Capex 1 | 2,097 | 363 | 172 | 27.2 | 26.7 | 272 | 277 | 279 |
| Capex / Sales | 19.78% | 3.03% | 6.05% | 2.73% | 0.4% | 1.84% | 1.76% | 1.59% |
| Announcement Date | 2/27/19 | 2/27/20 | 3/29/21 | 2/28/22 | 2/28/23 | 2/29/24 | - | - |
1MYR in Million2MYR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
0.735
MYR
Average target price
0.9578
MYR
Spread / Average Target
+30.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.91% | 656M | |
| +24.09% | 32.01B | |
| +6.68% | 24.77B | |
| -0.30% | 19.86B | |
| +32.63% | 18.21B | |
| +28.07% | 17.37B | |
| -16.19% | 14.84B | |
| +38.67% | 13.47B | |
| -14.20% | 12.32B | |
| +13.74% | 10.8B |
- Stock Market
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- Financials AirAsia Group
