Axiata Group Berhad

KLSE:AXIATA Stock Report

Market Cap: RM 21.5b

Axiata Group Berhad Valuation

Is AXIATA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AXIATA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AXIATA (MYR2.34) is trading below our estimate of fair value (MYR4.38)

Significantly Below Fair Value: AXIATA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AXIATA?

Key metric: As AXIATA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AXIATA. This is calculated by dividing AXIATA's market cap by their current earnings.
What is AXIATA's PE Ratio?
PE Ratio18.9x
EarningsRM 1.14b
Market CapRM 21.49b

Price to Earnings Ratio vs Peers

How does AXIATA's PE Ratio compare to its peers?

The above table shows the PE ratio for AXIATA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.4x
MAXIS Maxis Berhad
24.7x12.2%RM 28.0b
CDB Celcomdigi Berhad
25.1x14.6%RM 41.5b
TM Telekom Malaysia Berhad
15x2.8%RM 25.8b
TIMECOM TIME dotCom Berhad
24.8x16.7%RM 8.5b
AXIATA Axiata Group Berhad
18.9x8.2%RM 21.5b

Price-To-Earnings vs Peers: AXIATA is good value based on its Price-To-Earnings Ratio (18.9x) compared to the peer average (22.4x).

Price to Earnings Ratio vs Industry

How does AXIATA's PE Ratio compare vs other companies in the Asian Wireless Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXIATA 18.9xIndustry Avg. 18.8xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AXIATA is expensive based on its Price-To-Earnings Ratio (18.9x) compared to the Asian Wireless Telecom industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is AXIATA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AXIATA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.9x
Fair PE Ratio19x

Price-To-Earnings vs Fair Ratio: AXIATA is good value based on its Price-To-Earnings Ratio (18.9x) compared to the estimated Fair Price-To-Earnings Ratio (19x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AXIATA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 2.34
RM 2.74
+17.1%
15.3%RM 3.67RM 1.95n/a21
Dec ’25RM 2.34
RM 2.81
+20.2%
14.6%RM 3.67RM 2.25n/a21
Nov ’25RM 2.31
RM 2.83
+22.5%
14.2%RM 3.67RM 2.25n/a21
Oct ’25RM 2.50
RM 2.83
+13.2%
14.2%RM 3.67RM 2.25n/a21
Sep ’25RM 2.55
RM 2.83
+11.1%
14.1%RM 3.67RM 2.25n/a21
Aug ’25RM 2.40
RM 2.90
+20.7%
18.0%RM 4.50RM 2.25n/a22
Jul ’25RM 2.66
RM 2.93
+10.1%
17.9%RM 4.50RM 2.25n/a21
Jun ’25RM 2.80
RM 2.93
+4.6%
17.9%RM 4.50RM 2.25n/a21
May ’25RM 2.83
RM 2.79
-1.4%
21.3%RM 4.50RM 1.90n/a22
Apr ’25RM 2.66
RM 2.79
+4.8%
19.7%RM 4.50RM 1.90n/a23
Mar ’25RM 2.75
RM 2.79
+1.4%
19.7%RM 4.50RM 1.90n/a23
Feb ’25RM 2.73
RM 2.68
-1.8%
19.7%RM 4.50RM 1.90n/a23
Jan ’25RM 2.38
RM 2.76
+15.8%
26.7%RM 5.70RM 1.90n/a22
Dec ’24RM 2.33
RM 2.80
+20.0%
27.4%RM 5.70RM 1.70RM 2.3422
Nov ’24RM 2.18
RM 2.99
+37.2%
26.2%RM 5.70RM 1.70RM 2.3122
Oct ’24RM 2.49
RM 3.03
+21.8%
24.5%RM 5.70RM 2.20RM 2.5022
Sep ’24RM 2.48
RM 3.11
+25.3%
25.8%RM 5.70RM 2.20RM 2.5522
Aug ’24RM 2.66
RM 3.44
+29.4%
22.3%RM 5.70RM 2.40RM 2.4022
Jul ’24RM 2.65
RM 3.44
+29.7%
22.4%RM 5.70RM 2.40RM 2.6622
Jun ’24RM 2.80
RM 3.42
+22.0%
22.2%RM 5.70RM 2.40RM 2.8023
May ’24RM 2.99
RM 3.69
+23.4%
18.8%RM 5.70RM 2.40RM 2.8322
Apr ’24RM 3.01
RM 3.69
+22.8%
18.8%RM 5.70RM 2.40RM 2.6622
Mar ’24RM 3.13
RM 3.72
+18.7%
17.8%RM 5.70RM 2.70RM 2.7522
Feb ’24RM 3.03
RM 3.78
+24.7%
17.9%RM 5.70RM 2.70RM 2.7320
Jan ’24RM 3.09
RM 3.80
+22.9%
18.3%RM 5.70RM 2.70RM 2.3819
Dec ’23RM 3.20
RM 3.82
+19.3%
17.2%RM 5.70RM 2.80RM 2.3319

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 20:41
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Axiata Group Berhad is covered by 45 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chee ChowAffin Hwang Investment Bank
Khir GohAmInvestment Bank Berhad
Anand RamachandranBarclays