AirAsia X Berhad

KLSE:AAX Stock Report

Market Cap: RM 679.6m

AirAsia X Berhad Future Growth

Future criteria checks 3/6

AirAsia X Berhad is forecast to grow earnings and revenue by 7.7% and 6.9% per annum respectively. EPS is expected to grow by 7.5% per annum. Return on equity is forecast to be 27.8% in 3 years.

Key information

7.7%

Earnings growth rate

7.52%

EPS growth rate

Airlines earnings growth19.1%
Revenue growth rate6.9%
Future return on equity27.82%
Analyst coverage

Low

Last updated28 May 2025

Recent future growth updates

Recent updates

AirAsia X Berhad's (KLSE:AAX) Business And Shares Still Trailing The Market

Jun 20
AirAsia X Berhad's (KLSE:AAX) Business And Shares Still Trailing The Market
author-image

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.

We Think You Can Look Beyond AirAsia X Berhad's (KLSE:AAX) Lackluster Earnings

Mar 07
We Think You Can Look Beyond AirAsia X Berhad's (KLSE:AAX) Lackluster Earnings

Forecast: Analysts Think AirAsia X Berhad's (KLSE:AAX) Business Prospects Have Improved Drastically

Mar 05
Forecast: Analysts Think AirAsia X Berhad's (KLSE:AAX) Business Prospects Have Improved Drastically

Market Might Still Lack Some Conviction On AirAsia X Berhad (KLSE:AAX) Even After 33% Share Price Boost

Sep 28
Market Might Still Lack Some Conviction On AirAsia X Berhad (KLSE:AAX) Even After 33% Share Price Boost

Why The 22% Return On Capital At AirAsia X Berhad (KLSE:AAX) Should Have Your Attention

Mar 04
Why The 22% Return On Capital At AirAsia X Berhad (KLSE:AAX) Should Have Your Attention

Earnings and Revenue Growth Forecasts

KLSE:AAX - Analysts future estimates and past financials data (MYR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20274,0862185185282
12/31/20263,9871935585682
12/31/20253,8471796116212
3/31/20253,293177293312N/A
12/31/20243,262207376395N/A
9/30/20243,190199173196N/A
6/30/20243,04383-187N/A
3/31/20242,88784-23-3N/A
12/31/20232,527332-61-46N/A
9/30/20231,940-10,445313N/A
6/30/20231,392-10,426215216N/A
3/31/2023986-11,084119120N/A
12/31/202255122,2067274N/A
6/30/202243932,804-65-65N/A
6/30/2021755-22,450-31-28N/A
9/30/20202,112-1,420155186N/A
6/30/20203,067-1,341386424N/A
3/31/20203,989-1,243281328N/A
12/31/20194,233-650415462N/A
9/30/20194,351-482445312N/A
6/30/20194,421-449303311N/A
3/31/20194,468-300234246N/A
12/31/20184,571-301N/A98N/A
9/30/20184,654-129N/A203N/A
6/30/20184,69425N/A191N/A
3/31/20184,670130N/A360N/A
12/31/20174,57999N/A291N/A
9/30/20174,406-132N/A413N/A
6/30/20174,264-78N/A414N/A
3/31/20174,111-124N/A420N/A
12/31/20163,90145N/A387N/A
9/30/20163,677389N/A312N/A
6/30/20163,48890N/A170N/A
3/31/20163,258-44N/A69N/A
12/31/20153,063-350N/A-13N/A
9/30/20153,038-716N/A-386N/A
6/30/20152,944-638N/A-359N/A
3/31/20152,963-634N/A-274N/A
12/31/20142,937-519N/A-53N/A
9/30/20142,800-484N/A321N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AAX's forecast earnings growth (7.7% per year) is above the savings rate (3.6%).

Earnings vs Market: AAX's earnings (7.7% per year) are forecast to grow slower than the MY market (8.6% per year).

High Growth Earnings: AAX's earnings are forecast to grow, but not significantly.

Revenue vs Market: AAX's revenue (6.9% per year) is forecast to grow faster than the MY market (5.4% per year).

High Growth Revenue: AAX's revenue (6.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AAX's Return on Equity is forecast to be high in 3 years time (27.8%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/21 05:08
End of Day Share Price 2025/07/21 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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 X Berhad is covered by 20 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jianyuan TanAffin Hwang Investment Bank
Kee TanAlliance Research Sdn. Bhd.
Patrick XuBarclays