In short
AirAsia Group Berhad (5238.KL) has revenue up 2.8% to MYR 3.4B and net income down 13.5% to MYR 179.3M year on year. Its net margin is 5.3% and gross margin 10.3%, and it trades at 22.5× trailing earnings. Fisclear flags 2 high-severity risks, led by: Total liabilities are 85% of total assets — the balance sheet is heavily leveraged with limited equity cushion. How we calculate this
Valuation
IndustrialsLive · Yahoo FinancePrice
RM0.45
RM1.5B
12.6x
52-Week Range
4-engine score — Quality and Peers engines require SEC EDGAR (US stocks only)
ROE 35.3% — exceptional capital return.
FCF yield 13.3% — 8.3pp above risk-free.
FCF yield 13.3% — strong cash generation.
Based on filing period ending Dec 2025
International FisclearScore uses 4 engines (no EDGAR data). Based on Yahoo Finance & Alpha Vantage reported financials. Not financial advice.
🇲🇾 Malaysia Macro Indicators
Full dashboard →Policy Rate
2.75%→
Moderate
CPI Inflation
1.80%→
Near target · +0.10% MoM
Unemployment
2.90%↓
Tight labour market
GDP Growth
6.00%↑
Strong
USD/MYR
4.08→
Current Account
1.61% GDP↑
Surplus
The Malaysia central bank policy rate stands at 2.75% — a moderately elevated rate environment; CPI inflation is 1.8% year-over-year (inflation near target); unemployment stands at 2.9% (tight labour market); GDP growth is 6.0% year-over-year (strong growth); USD/MYR is at 4.0806.
SWOT Analysis — 5238.KL
Inflationary BoomStrengths
No standout strengths identified from the filing.
Weaknesses
Operating Cash Flow: MYR 236.9M (-40.0% YoY) — Operating cash flow fell 40% but remained positive.
EPS (Diluted): MYR 0.39 (-15.8% YoY) — Earnings per share fell 16%.
Net Income: MYR 179.3M (-13.5% YoY) — Profit fell 13% but remained positive.
Gross Profit: MYR 344.1M (-9.8% YoY) — Gross profit declined 10% — costs are growing faster than revenue.
Opportunities
Revenue: MYR 3.4B (+2.8% YoY) — Revenue grew 3% — the company sold more goods or services than the prior year.
Threats
Total liabilities are 85% of total assets — the balance sheet is heavily leveraged with limited equity cushion.
Current ratio of 0.82x — short-term liabilities exceed current assets, which could create near-term liquidity pressure.
Stock is within 10% of its 52-week low (0.45) — the market may be pricing in significant risk or sector weakness.
Year-over-Year Changes
Operating Cash Flow
MYR 236.9M
was MYR 395.0M
Operating cash flow fell 40% but remained positive.
EPS (Diluted)
MYR 0.39
was MYR 0.46
Earnings per share fell 16%.
Net Income
MYR 179.3M
was MYR 207.1M
Profit fell 13% but remained positive.
Gross Profit
MYR 344.1M
was MYR 381.5M
Gross profit declined 10% — costs are growing faster than revenue.
Revenue
MYR 3.4B
was MYR 3.3B
Revenue grew 3% — the company sold more goods or services than the prior year.
Risk Flags
2 high · 1 medium · 0 low- ⚠ High
Total liabilities are 85% of total assets — the balance sheet is heavily leveraged with limited equity cushion.
- ⚠ High
Current ratio of 0.82x — short-term liabilities exceed current assets, which could create near-term liquidity pressure.
- ◈ Medium
Stock is within 10% of its 52-week low (0.45) — the market may be pricing in significant risk or sector weakness.
Technical Signals
Daily closes · 1-year dataAirAsia Group Berhad: common questions
Is AirAsia Group Berhad profitable?
Yes. AirAsia Group Berhad made a net profit of RM179M in its latest fiscal year (fiscal 2025), a net margin of 5.3%.
Is AirAsia Group Berhad's revenue growing?
Yes. Revenue grew 2.8% year on year, to MYR 3.4B.
What is AirAsia Group Berhad's P/E ratio?
AirAsia Group Berhad trades at 22.3× its trailing twelve-month earnings. In other words, the share price is about 22 times the profit per share the company earned over the past year.
Does AirAsia Group Berhad pay a dividend?
No dividend is currently expected from AirAsia Group Berhad, according to the latest market data.
What are the main risks for AirAsia Group Berhad?
Fisclear's checks flag 3 medium- or high-severity risks. The most serious: Total liabilities are 85% of total assets — the balance sheet is heavily leveraged with limited equity cushion.
Answers are generated from the figures in this report (updated 13 Oct 2026). Information, not investment advice.
Latest News
via FinnhubGet the weekly digest
5 company reports + macro context every week, free. No spam.
- Unlimited goal simulations
- 5 free company report summaries per day
- Weekly financial insights newsletter
External Links
Research AirAsia Group Berhad
Data sourced from Bursa Malaysia, FRED (Federal Reserve), OECD, BIS, and Yahoo Finance. For informational purposes only. Not financial advice.