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AirAsia X Bhd is a medium-haul low-cost airline operating in the Asia-Pacific region. The company is servicing scheduled flight operations to Australia (Sydney, Melbourne and Perth), China (Beijing, Hangzhou, Shanghai, Changsha, Chengdu, Chongqing, and Xi’an), India (New Delhi), South Korea (Seoul), Japan (Tokyo, Osaka and Sapporo), Taiwan (Taipei), Indonesia (Bali), Saudi Arabia (Jeddah and Medina), Kazakhstan (Almaty) and Kenya (Nairobi) from two hubs: Kuala Lumpur and Bangkok. The Group’s operating segment consists of Air Operator Certificate (AOC) held under the AirAsia brand, and is categorised as Malaysia, Thailand and Indonesia.
2006
1.3K+
LTM Revenue $825M
LTM EBITDA $119M
$517M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
AirAsia X has a last 12-month revenue (LTM) of $825M and a last 12-month EBITDA of $119M.
In the most recent fiscal year, AirAsia X achieved revenue of $770M and an EBITDA of $129M.
AirAsia X expects next 12-month revenue of XXX and NTM EBITDA of XXX
See AirAsia X valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $825M | XXX | $770M | XXX | XXX | XXX |
| Gross Profit | $825M | XXX | $90.2M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 12% | XXX | XXX | XXX |
| EBITDA | $119M | XXX | $129M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 17% | XXX | XXX | XXX |
| EBIT | $65.6M | XXX | $68.4M | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $40.2M | XXX | $48.9M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, AirAsia X's stock price is MYR 2 (or $0).
AirAsia X has current market cap of MYR 751M (or $177M), and EV of MYR 2.2B (or $517M).
See AirAsia X trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $517M | $177M | XXX | XXX | XXX | XXX | $0.09 |
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Start Free TrialAs of May 30, 2025, AirAsia X has market cap of $177M and EV of $517M.
AirAsia X's trades at 0.7x EV/Revenue multiple, and 4.0x EV/EBITDA.
Equity research analysts estimate AirAsia X's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
AirAsia X has a P/E ratio of 4.4x.
See valuation multiples for AirAsia X and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $177M | XXX | $177M | XXX | XXX | XXX |
| EV (current) | $517M | XXX | $517M | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 4.3x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBIT | 7.9x | XXX | 7.6x | XXX | XXX | XXX |
| EV/Gross Profit | 0.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 4.4x | XXX | 3.6x | XXX | XXX | XXX |
| EV/FCF | 4.8x | XXX | 5.8x | XXX | XXX | XXX |
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Start Free TrialAirAsia X's last 12 month revenue growth is 12%
AirAsia X's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $16K for the same period.
AirAsia X's rule of 40 is 37% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
AirAsia X's rule of X is 44% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for AirAsia X and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | -6% | XXX | XXX | XXX |
| Rule of 40 | 37% | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 44% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $16K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 3% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
| Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegean Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Asia Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Bangkok Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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AirAsia X acquired XXX companies to date.
Last acquisition by AirAsia X was XXXXXXXX, XXXXX XXXXX XXXXXX . AirAsia X acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was AirAsia X founded? | AirAsia X was founded in 2006. |
| Where is AirAsia X headquartered? | AirAsia X is headquartered in Malaysia. |
| How many employees does AirAsia X have? | As of today, AirAsia X has 1.3K+ employees. |
| Is AirAsia X publicy listed? | Yes, AirAsia X is a public company listed on KLS. |
| What is the stock symbol of AirAsia X? | AirAsia X trades under 5238 ticker. |
| When did AirAsia X go public? | AirAsia X went public in 2013. |
| Who are competitors of AirAsia X? | Similar companies to AirAsia X include e.g. flyExclusive, Qantas Airways, Aegean Airlines, Asia Aviation. |
| What is the current market cap of AirAsia X? | AirAsia X's current market cap is $177M |
| What is the current revenue of AirAsia X? | AirAsia X's last 12 months revenue is $825M. |
| What is the current revenue growth of AirAsia X? | AirAsia X revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of AirAsia X? | Current revenue multiple of AirAsia X is 0.6x. |
| Is AirAsia X profitable? | Yes, AirAsia X is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of AirAsia X? | AirAsia X's last 12 months EBITDA is $119M. |
| What is AirAsia X's EBITDA margin? | AirAsia X's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of AirAsia X? | Current EBITDA multiple of AirAsia X is 4.3x. |
| What is the current FCF of AirAsia X? | AirAsia X's last 12 months FCF is $107M. |
| What is AirAsia X's FCF margin? | AirAsia X's last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of AirAsia X? | Current FCF multiple of AirAsia X is 4.8x. |
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