AirAsia Group Berhad (AAGB) Stock Overview
Provides long haul air transportation services under the AirAsia brand in Malaysia, Thailand, and Indonesia. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
AAGB Community Fair Values
Create NarrativeSee what 39 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
RM 1.5
FV
46.0% undervalued intrinsic discount65
users have viewed this narrative0users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
AirAsia Group Berhad Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | RM 0.81 |
| 52 Week High | RM 2.33 |
| 52 Week Low | RM 0.80 |
| Beta | 1.36 |
| 1 Month Change | -25.69% |
| 3 Month Change | -27.68% |
| 1 Year Change | -46.00% |
| 3 Year Change | -67.73% |
| 5 Year Change | 1.25% |
| Change since IPO | -93.52% |
Recent News & Updates
New Narrative • Aug 19
GTA Holdings: An Aviation MRO Specialist With Earnings Momentum and Multiple Growth Catalysts
GTA Holdings Berhad is entering the ACE Market with an interesting combination of an established aviation MRO business, strong earnings growth and a clear expansion strategy. Unlike airlines or aircraft manufacturers, GTA operates behind the scenes, specialising in the maintenance, repair and overhaul (MRO) of helicopter and fixed-wing engines, while also supplying engines, modules, parts and aviation equipment.
Narrative Update • May 15
AAX: Fleet Renewal Plans And Low P E Will Support Future Upside
Analysts have kept their fair value estimate for AirAsia X Berhad steady at MYR2.12 per share, attributing this to only slight tweaks in assumptions such as discount rate and forward P/E, rather than any broad change in their view of the stock. What's in the News AirAsia X has ordered 150 Airbus A220 aircraft powered by Pratt & Whitney GTF engines, with deliveries scheduled to start in 2028.Narrative Update • Apr 30
AAX: Stable Assumptions And Low P E Will Support Future Upside Potential
Analysts have kept their MYR fair value estimate for AirAsia X Berhad steady at MYR2.12, citing only very small refinements to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions, rather than any major shift in their view of the stock. Valuation Changes Fair Value: MYR2.12 remains unchanged, indicating no adjustment to the headline valuation estimate.Recent updates
New Narrative • Aug 19
GTA Holdings: An Aviation MRO Specialist With Earnings Momentum and Multiple Growth Catalysts
GTA Holdings Berhad is entering the ACE Market with an interesting combination of an established aviation MRO business, strong earnings growth and a clear expansion strategy. Unlike airlines or aircraft manufacturers, GTA operates behind the scenes, specialising in the maintenance, repair and overhaul (MRO) of helicopter and fixed-wing engines, while also supplying engines, modules, parts and aviation equipment.Narrative Update • May 15
AAX: Fleet Renewal Plans And Low P E Will Support Future Upside
Analysts have kept their fair value estimate for AirAsia X Berhad steady at MYR2.12 per share, attributing this to only slight tweaks in assumptions such as discount rate and forward P/E, rather than any broad change in their view of the stock. What's in the News AirAsia X has ordered 150 Airbus A220 aircraft powered by Pratt & Whitney GTF engines, with deliveries scheduled to start in 2028.Narrative Update • Apr 30
AAX: Stable Assumptions And Low P E Will Support Future Upside Potential
Analysts have kept their MYR fair value estimate for AirAsia X Berhad steady at MYR2.12, citing only very small refinements to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions, rather than any major shift in their view of the stock. Valuation Changes Fair Value: MYR2.12 remains unchanged, indicating no adjustment to the headline valuation estimate.Narrative Update • Apr 13
AAX: Follow On Equity Raise Will Support Future Upside Potential
Analysts now see AirAsia X Berhad's fair value at MYR2.12, down from MYR2.54, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E. What's in the News Completed a follow on equity offering of MYR1b in ordinary shares, with 606,060,606 shares offered at MYR1.65 per share, via a subsequent direct listing (company filing).Narrative Update • Mar 29
AAX: Recent Equity Raise And Leadership Changes Will Support Future Upside
Analysts are maintaining their fair value estimate for AirAsia X Berhad at MYR2.54, with only slight adjustments to assumptions such as discount rate, long-term revenue growth, profit margin and future P/E, which serve to refine rather than change their overall price target view. What's in the News Completed a follow-on equity offering of MYR1b via a subsequent direct listing, issuing 606,060,606 ordinary shares at MYR1.65 per share (company filing).Narrative Update • Mar 15
AAX: Equity Raise And New Leadership Will Support Future Upside
Narrative Update: AirAsia X Berhad Analyst Price Target Revision The analyst fair value estimate for AirAsia X Berhad has shifted slightly from MYR2.60 to MYR2.54, with analysts pointing to updated assumptions around discount rates, profit margins and future P/E as the key drivers of this recalibration. What's in the News AirAsia X Berhad completed a MYR 1 billion follow-on equity offering of 606,060,606 ordinary shares at MYR 1.65 per share, via a subsequent direct listing (Key Developments).Narrative Update • Mar 01
AAX: New Group Leadership And Equity Raise Will Support Future Upside
Analysts have reduced their price target for AirAsia X Berhad from MYR2.90 to MYR2.60, reflecting updated views on revenue growth, profit margins and future P/E assumptions. What's in the News AirAsia X Berhad appointed Mr. Tharumalingam A/L Kanagalingam, also known as Bo Lingam, as Group Chief Executive Officer, effective January 19, 2026.Narrative Update • Feb 14
AAX: New Leadership And Equity Raise Will Support Future Upside
Analysts have kept their fair value estimate for AirAsia X Berhad steady at MYR2.90 per share, indicating only small tweaks in assumptions. These include a slightly lower discount rate and marginally adjusted long term profit and P/E inputs, rather than a fundamental shift in their view of the stock.Narrative Update • Jan 31
AAX: Follow On Equity And New Leadership Will Support Future Upside
Analysts have raised their price target for AirAsia X Berhad from RM2.08 to about RM2.90, citing updated assumptions around revenue growth, profit margin and a lower discount rate, as well as a revised future P/E multiple. What's in the News Appointment of Mr. Tharumalingam A/L Kanagalingam, also known as Bo Lingam, as Group Chief Executive Officer of AirAsia X Berhad with effect from January 19, 2026, following a long tenure across multiple leadership roles within the wider AirAsia group (Key Developments).Analysis Article • Jan 26
AirAsia X Berhad (KLSE:AAX) Stocks Shoot Up 27% But Its P/E Still Looks Reasonable
The AirAsia X Berhad ( KLSE:AAX ) share price has done very well over the last month, posting an excellent gain of 27...Analysis Article • Jan 18
A Look At The Fair Value Of AirAsia X Berhad (KLSE:AAX)
Key Insights The projected fair value for AirAsia X Berhad is RM1.64 based on 2 Stage Free Cash Flow to Equity Current...Narrative Update • Jan 17
AAX: Follow On Equity Offering Will Support Future Earnings Upside
Analysts have trimmed their fair value estimate for AirAsia X Berhad from RM2.24 to RM2.08, citing updates to discount rate assumptions, revenue growth outlook, profit margin expectations and future P/E levels. What's in the News AirAsia X Berhad has filed a follow-on equity offering of MYR 1b in ordinary shares, described as a subsequent direct listing (Key Developments).Analysis Article • Sep 07
The Strong Earnings Posted By AirAsia X Berhad (KLSE:AAX) Are A Good Indication Of The Strength Of The Business
Even though AirAsia X Berhad's ( KLSE:AAX ) recent earnings release was robust, the market didn't seem to notice. We...Narrative Update • Aug 28
Asia-Pacific Expansion And Fleet Use Will Spur Demand Despite Risks
As key valuation metrics—including future P/E and consensus revenue growth forecasts—remained virtually unchanged, the consensus analyst price target for AirAsia X Berhad stayed steady at MYR2.24. What's in the News AirAsia X Berhad appointed BDO PLT as Auditors, replacing Ernst & Young PLT, to serve until the next AGM in 2026, with remuneration determined by the Directors.Analysis Article • Jun 20
AirAsia X Berhad's (KLSE:AAX) Business And Shares Still Trailing The Market
When close to half the companies in Malaysia have price-to-earnings ratios (or "P/E's") above 14x, you may consider...
New Narrative • Mar 17
Fleet Expansion And New Routes Could Extend Reach, But Rising Costs May Impact Profitability
Expanded fleet and routes to new markets aim to increase capacity, enhance revenue, and diversify earnings through broader network and passenger growth.Analysis Article • Mar 07
We Think You Can Look Beyond AirAsia X Berhad's (KLSE:AAX) Lackluster Earnings
The most recent earnings report from AirAsia X Berhad ( KLSE:AAX ) was disappointing for shareholders. However, our...Analysis Article • Mar 05
Forecast: Analysts Think AirAsia X Berhad's (KLSE:AAX) Business Prospects Have Improved Drastically
Shareholders in AirAsia X Berhad ( KLSE:AAX ) may be thrilled to learn that the analysts have just delivered a major...Analysis Article • Sep 28
Market Might Still Lack Some Conviction On AirAsia X Berhad (KLSE:AAX) Even After 33% Share Price Boost
AirAsia X Berhad ( KLSE:AAX ) shareholders would be excited to see that the share price has had a great month, posting...Analysis Article • Mar 04
Why The 22% Return On Capital At AirAsia X Berhad (KLSE:AAX) Should Have Your Attention
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...Shareholder Returns
| AAGB | MY Airlines | MY Market | |
|---|---|---|---|
| 7D | -18.2% | -1.9% | 0.06% |
| 1Y | -46.0% | -11.7% | 8.5% |
Return vs Industry: AAGB underperformed the MY Airlines industry which returned -11.7% over the past year.
Return vs Market: AAGB underperformed the MY Market which returned 8.5% over the past year.
Price Volatility
| AAGB volatility | |
|---|---|
| AAGB Average Weekly Movement | 6.4% |
| Airlines Industry Average Movement | 5.1% |
| Market Average Movement | 5.5% |
| 10% most volatile stocks in MY Market | 11.6% |
| 10% least volatile stocks in MY Market | 2.4% |
Stable Share Price: AAGB has not had significant price volatility in the past 3 months compared to the MY market.
Volatility Over Time: AAGB's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | n/a | Bo Lingam Kanagalingam | www.airasiagroup.com |
AirAsia Group Berhad, together with its subsidiaries, provides long haul air transportation services under the AirAsia brand in Malaysia, Thailand, and Indonesia. It offers logistical management and marketing services; and leases aircraft facilities, as well as commercial air transport services. The company was formerly known as AirAsia X Berhad and changed its name to AirAsia Group Berhad in July 2026.
AirAsia Group Berhad Fundamentals Summary
| AAGB fundamental statistics | |
|---|---|
| Market cap | RM 2.72b |
| Earnings (TTM) | -RM 588.22m |
| Revenue (TTM) | RM 12.79b |
0.2x
P/S Ratio-4.6x
P/E RatioIs AAGB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AAGB income statement (TTM) | |
|---|---|
| Revenue | RM 12.79b |
| Cost of Revenue | RM 10.35b |
| Gross Profit | RM 2.43b |
| Other Expenses | RM 3.02b |
| Earnings | -RM 588.22m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.18 |
| Gross Margin | 19.04% |
| Net Profit Margin | -4.60% |
| Debt/Equity Ratio | -778.0% |
How did AAGB perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/21 18:00 |
| End of Day Share Price | 2026/08/21 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
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 Github.
Analyst Sources
AirAsia Group Berhad is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jianyuan Tan | Affin Hwang Investment Bank |
| Patrick Xu | Barclays |
| null null | BIMB Securities Sdn. Bhd |