AirAsia X Berhad, (5238) Fair Value & Analysis
Industrials · MY · Market cap 3.9B MYR
Fair value as of: Jul 12, 2026
From 24 valuation models · updated 29 days ago
Share price −9.6% over the past month.
Below-average quality, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (0.5700 MYR to 1.21 MYR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.
How to read this chart
60‑month range 0.3750 MYR – 2.57 MYR · fair‑value band 0.5700 MYR – 1.21 MYR · the 1.03 MYR price screens above the 0.9600 MYR fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
AirAsia X Berhad, (5238) currently trades at 1.03 MYR, while our model-based Fair Value estimate is 0.9600 MYR, implying the stock looks roughly 6.8% fairly valued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, AirAsia X Berhad, generated revenue of 8.4B MYR at a net margin of -0.3%. It earns a return on equity of 0.2%. Net debt stands at 2.0B MYR. The stock trades on a trailing P/E of 5.0. Fundamentals as of Jul 12, 2026
Our scenario range runs from 0.5700 MYR (bear case) to 1.21 MYR (bull case); at 1.03 MYR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 56% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 40% fair-value upside, at -7%, 5238 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: DCF Models (1.70 MYR) versus Asset-Based (0.1000 MYR). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 12
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
AirAsia X 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.
Full company description
AirAsia X 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 Fly Asian Xpress Sdn Bhd and changed its name to AirAsia X Berhad in September 2007. The company was incorporated in 2006 and is headquartered in Kuala Lumpur, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2025 · reported fiscal years
AirAsia X Berhad, reported revenue of 3.3B MYR in FY2025 versus 755M MYR in FY2020, a compound +34.5%/yr. Reported net income was 192M MYR in FY2025.
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Peer Group
Airlines · 60 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Airlines median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Airlines stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Delta Air Lines, Inc DAL | $84.17 | $118.24 | +40% |
| United Airlines Holdings UAL | $120.97 | $175.62 | +45% |
| Ryanair Holdings RYA | €25.47 | €41.26 | +62% |
| Southwest Airlines Co LUV | $47.56 | $14.76 | -69% |
| InterGlobe Aviation Limited INDIGO | ₹5,249 | ₹3,704 | -29% |
| Singapore Airlines Limited C6L | 7.60 SGD | 7.89 SGD | +4% |
| Air China Limited 601111 | ¥5.97 | ¥7.16 | +20% |
| LATAM Airlines Group LTM | $54.87 | $106.79 | +95% |
| Deutsche Lufthansa AG 1LHA | €8.57 | €15.42 | +80% |
| China Southern Airlines Company 600029 | ¥4.99 | ¥1.28 | -74% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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