AirAsia X Berhad Future Growth

Future criteria checks 4/6

AirAsia X Berhad is forecast to grow earnings and revenue by 18.9% and 9.1% per annum respectively. EPS is expected to grow by 19.4% per annum. Return on equity is forecast to be 43.1% in 3 years.

Key information

18.9%

Earnings growth rate

19.4%

EPS growth rate

Airlines earnings growth	11.1%
Revenue growth rate	9.1%
Future return on equity	43.1%
Analyst coverage	Low
Last updated	27 May 2024

Recent future growth updates

Recent updates

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

Mar 04

AirAsia X Berhad's (KLSE:AAX) Stock Price Has Reduced 80% In The Past Three Years

Feb 24

Earnings and Revenue Growth Forecasts

KLSE:AAX - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,870	133	432	442	1
12/31/2025	3,870	120	471	481	1
12/31/2024	3,685	85	468	478	1
3/31/2024	2,887	84	-23	-3	N/A
12/31/2023	2,527	332	-61	-46	N/A
9/30/2023	1,940	-10,463	3	13	N/A
6/30/2023	1,392	-10,443	215	216	N/A
3/31/2023	986	-11,084	119	120	N/A
12/31/2022	551	22,206	72	74	N/A
6/30/2022	439	32,804	-65	-65	N/A
6/30/2021	755	-22,450	-31	-28	N/A
9/30/2020	2,112	-1,420	155	186	N/A
6/30/2020	3,067	-1,341	386	424	N/A
3/31/2020	3,989	-1,243	281	328	N/A
12/31/2019	4,233	-650	415	462	N/A
9/30/2019	4,351	-482	445	312	N/A
6/30/2019	4,421	-449	303	311	N/A
3/31/2019	4,468	-300	234	246	N/A
12/31/2018	4,571	-301	89	98	N/A
9/30/2018	4,654	-129	38	203	N/A
6/30/2018	4,694	25	168	191	N/A
3/31/2018	4,670	130	346	360	N/A
12/31/2017	4,579	99	N/A	291	N/A
9/30/2017	4,406	-132	N/A	413	N/A
6/30/2017	4,264	-78	N/A	414	N/A
3/31/2017	4,111	-124	N/A	420	N/A
12/31/2016	3,901	45	N/A	387	N/A
9/30/2016	3,677	389	N/A	312	N/A
6/30/2016	3,488	90	N/A	170	N/A
3/31/2016	3,258	-44	N/A	69	N/A
12/31/2015	3,063	-350	N/A	-13	N/A
9/30/2015	3,038	-716	N/A	-386	N/A
6/30/2015	2,944	-638	N/A	-359	N/A
3/31/2015	2,963	-634	N/A	-274	N/A
12/31/2014	2,937	-519	N/A	-53	N/A
9/30/2014	2,800	-484	N/A	321	N/A
6/30/2014	2,703	-246	N/A	229	N/A
3/31/2014	2,523	-150	N/A	280	N/A
12/31/2013	2,308	-88	N/A	189	N/A
9/30/2013	2,167	58	N/A	211	N/A
6/30/2013	2,052	81	N/A	240	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AAX's forecast earnings growth (18.9% per year) is above the savings rate (3.6%).

Earnings vs Market: AAX's earnings (18.9% per year) are forecast to grow faster than the MY market (12.4% per year).

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

Revenue vs Market: AAX's revenue (9.1% per year) is forecast to grow faster than the MY market (6.2% per year).

High Growth Revenue: AAX's revenue (9.1% 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 very high in 3 years time (43.1%).

AirAsia X Berhad Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target decreased by 57% to RM1.52

Price target increased by 18% to RM3.56

Price target decreased by 16% to RM3.01

Price target increased to RM1.04

Price target increased to RM1.30

Analysts update estimates

Recent updates

First quarter 2024 earnings released: EPS: RM0.18 (vs RM0.79 in 1Q 2023)

AirAsia X Berhad to Report Q1, 2024 Results on May 27, 2024

Airasia X Berhad Announces Redesignation of Kamarudin Bin Meranun from Executive Director to Non Executive Director

AirAsia X Berhad, Annual General Meeting, Jun 06, 2024

New minor risk - Share price stability

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

Price target decreased by 57% to RM1.52

Full year 2023 earnings released

New major risk - Revenue and earnings growth

Airasia X Berhad Appoints Mohammed Shazalli Bin Ramly as Independent and Non Executive Member of Risk Committee

AirAsia X Berhad Announces the Resignation of Tan Sri Asmat Bin Kamaludin as Member of Audit Committee

AirAsia X Berhad Announces Resignation of Tan Gin Ling as Company Secretary

AirAsia X Berhad Announces Redesignation of Dato Fam Lee Ee from Deputy Chairman to Non Independent and Non Executive Chairman

AirAsia X Berhad Announces Resignation of Encik Ahmad Al Farouk Bin Ahmad Kamal as Independent and Non Executive Member of Risk Committee

AirAsia X Berhad Announces Resignation of Encik Ahmad Al Farouk Bin Ahmad Kamal as Independent and Non Executive Chairman of Audit Committee

Third quarter 2023 earnings released: EPS: RM0.012 (vs RM0.37 in 3Q 2022)

AirAsia X Berhad Announces Resignation of Tan Lai Hong as Joint Secretary

New major risk - Share price stability

High number of new directors

Price target increased by 18% to RM3.56

Airasia X Berhad Appoints Dato' Sri Mohammed Shazalli Bin Ramly as Independent and Non Executive Director

AirAsia X Berhad Announces the Redesignation of Fam Lee Ee from Director to Deputy Chairman

Price target decreased by 16% to RM3.01

Airasia X Berhad Appoints Encik Ahmad Al Farouk Bin Ahmad Kamal, Age 43, as Member of Risk Committee Directorate Independent and Non Executive, Date of Change 28 Aug. 2023

Second quarter 2023 earnings released: EPS: RM0.012 (vs RM1.57 loss in 2Q 2022)

Airasia X Berhad Announces Resignation of Moo Kin Yew as Joint Secretary

New major risk - Share price stability

New minor risk - Shareholder dilution

Airasia X Berhad Announces Resignation of Ym Tunku Mahmood Fawzy Bin Tunku Muhiyiddin as Independent and Non Executive Member of Risk Committee

First quarter 2023 earnings released: EPS: RM0.79 (vs RM1.57 loss in 1Q 2022)

Full year 2022 earnings released: EPS: RM53.01 (vs RM79.08 in FY 2021)

Airasia X Berhad Announces the Resignation of YM TUNKU DATO' MAHMOOD FAWZY BIN TUNKU MUHIYIDDIN as Independent and Non Executive Member of Audit Committee

AirAsia X Berhad Appoints Min Ming Chin as Independent and Non Executive Member of Audit Committee

First quarter 2023 earnings released: EPS: RM0.06 (vs RM59.37 loss in 1Q 2022)

Price target increased to RM1.04

Airasia X Berhad Announces Resignation of Tan Sri Anthony Francis as Executive Non-Independent Director

Airasia X Berhad Announces Resignation of Tan Sri Anthony Francis Fernandes as Group Chief Executive Officer

AirAsia X Berhad Announces the Redesignation of Tan Sri Dr. Anthony Francis Fernandes from Executive Director to Group Chief Executive Officer

AirAsia X Berhad Announces Resignation of Vimalraj A/L Shanmugam as Company Secretary

AirAsia X Berhad Appoints Moo Kin Yew as Joint Secretary

AirAsia X Berhad Announces Update on Material Litigation

AirAsia X Berhad Provides Material Litigation Update

AirAsia X Berhad Announces the Redesignation of YM TUNKU DATO' MAHMOOD FAWZY BIN TUNKU MUHIYIDDIN from Director to Independent and Non Executive Chairman

High number of new directors

Airasia X Berhad Announces Resignation of Andrew Robert Littledale as Chief Financial Officer

Airasia X Berhad Announces Redesignation of Tan Sri Anthony Francis Fernandes from Non Independent and Non Executive Director to Group Chief Executive Officer

Airasia X Announces the Appointment of Tunku Dato' Mahmood Fawzy as the New Independent Non-Executive Director

AirAsia X Berhad Announces Resignation of Rafidah Aziz as Independent and Non-Executive Chairman of Risk Committee

Airasia X Berhad Appoints Encik Ahmad Al Farouk Bin Ahmad Kamal as Independent and Non Executive Director

AirAsia X Berhad Appoints Tan Sri Asmat Bin Kamaludin as Independent and Non Executive Member of Nomination and Remuneration Committee

AirAsia X Berhad Announces Resignation of Dato' Lim Kian Onn as Non Independent and Non Executive Member of Audit Committee

Airasia X Berhad Announces Redesignation of Dato' Lim Kian Onn as Director, Effective from June 1 2022

Price target increased to RM1.30

Insufficient new directors

Malaysia Airports Holdings Berhad Updates on Material Litigation Between Malaysia Airports SDN BHD, AirAsia Berhad and AirAsia X Berhad

Airasia X Berhad Announces Resignation of Nadda Buranasiri as Group Chief Executive Officer, Effective April 01, 2022

Malaysia Airports Holdings Berhad Announces in Three Civil Suits Filed Against AirAsia Berhad and AirAsia X Berhad

Company Secretary Wai Tham has left the company

Joint Secretary Say Kong has left the company

AirAsia X Berhad's (KLSE:AAX) Stock Price Has Reduced 80% In The Past Three Years

Analysts update estimates

Third quarter 2020 earnings released: RM0.074 loss per share

Price target lowered to RM0.045

Analysts update estimates

Airasia X Berhad Announces Re-Designation of Lim Kian Onn from Non-Independent Director to Deputy Chairman

AirAsia X Berhad(KLSE:AAX) dropped from S&P Global BMI Index

First half earnings released

Analysts update estimates

AirAsia X Berhad Auditor Raises 'Going Concern' Doubt