1. Taiwan, Province of China Stocks

  2. •

    Industrials

  3. •

    Aerospace & Defense
Air Asia Co., Ltd.

Air Asia Co., Ltd.

2630.TW
Air Asia Co., Ltd.TW flagTaiwan Stock Exchange
42.50
TWD
-0.30
- -
8.90BMarket Cap
Air Asia Co., Ltd.
2630.TW
(Taiwan Stock Exchange)

Recent

price

42.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
13.03
14.41
15.3
19.7
17.1
17.31
24.84
24.64
23.26
25.13
26.52
24.83
- -
25.99
Revenue per Share
0.24
1.12
0.28
1.41
0.87
0.1
0.29
0.27
0.46
0.08
0.31
0.67
- -
1
Basic EPS, GAAP
1.2
-0.23
0.7
0.37
0.78
-7.52
-4.24
1.1
-1.13
-0.53
-1.51
0.1
- -
1.08
Free Cash Flow per Basic Share
0.69
0.19
0.76
- -
1.18
0.97
0.76
0.06
0.12
0.23
0.32
0.53
- -
- -
Dividend per Share
8.37
7.98
7.31
9.01
8.48
7.86
7.69
8.57
9.48
10.09
11.73
10.67
- -
10.98
Book Value per Share
9.02
9.61
9.11
10.59
10.28
10.65
10.14
10.32
11.52
11.78
18.64
16.53
- -
16.86
Tangible Book Value per Share
139
139
139
139
141
157
158
158
167
162
183
209
- -
210
Basic Weighted Avg Shares
1,807
1,999
2,122
2,733
2,418
2,719
3,913
3,895
3,885
4,069
4,864
5,200
5,454
5,454
Sales/Revenue/Turnover
1.49
8.89
3.14
8.68
6.16
0.99
2.41
-1.03
0.12
0.93
2.04
3.8
5.49
5.49
Operating Margin (%)
64
68
70
67
67
69
88
85
84
95
100
116
114
114
Depreciation Expense
33
155
38
196
123
15
45
42
77
13
57
141
210
210
Net Income, GAAP
8.24
15.93
14.42
16.22
16.64
- -
24.24
- -
1.27
19.21
17.02
21.85
19.89
19.89
Effective Tax Rate (%)
1.84
7.76
1.81
7.16
5.1
0.57
1.15
1.09
1.98
0.33
1.17
2.7
3.85
3.85
Profit Margin (%)
710
759
701
872
749
1,086
1,619
1,325
1,375
1,270
2,650
2,764
2,757
2,757
Working Capital
175
150
83
67
50
183
1,173
799
522
507
473
552
408
408
LT Debt
1,283
1,362
1,282
1,473
1,457
1,676
1,604
1,636
1,944
1,924
3,434
3,469
3,549
3,549
Total Equity
- -
9.8
3.81
13.06
7.88
- -
2.14
- -
0.12
0.73
1.82
3.19
4.89
4.89
Return on Invested Capital (%)
- -
11.93
3.5
15.84
9.88
- -
2.14
- -
2.79
1
2.45
4.76
6.62
6.62
Return on Capital (%)
- -
13.68
3.62
17.27
10.08
1.27
3.68
3.3
5.24
0.84
3.02
6.41
9.24
9.24
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
1,532
1,540
938
LT Borrowings
287
241
236
LT Finance Leases
180
176
172
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
209
209
209
Market Capitalization
7,317
11,478
10,932

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
4,949
5,082
4,515
Cash, Cash Equivalents & STI
153
302
227
Accounts Receivable, Net
2,031
2,025
1,674
Inventories
1,159
1,031
1,025
Total Current Liabilities
2,276
2,353
1,757
Payables & Accruals
- -
- -
- -
ST Debt
1,532
1,540
938
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.62%
19.91%
2.29%
Free Cash Flow
-48.58%
158.63%
942.5%
Net Income, GAAP
98.96%
103.58%
49.15%
Sales/Revenue/Turnover
10.9%
7.16%
4.89%
Total Cash Common Dividend
- -
71.68%
17.09%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,110
1,280
1,184
1,289
4,864
2024
1,260
1,265
1,402
1,272
5,200
2025
1,259
1,385
1,459
1,351
5,454

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.01
-0.18
0.27
- -
0.31
2024
0.18
0.2
0.15
- -
0.67
2025
0.14
0.4
0.34
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.32
2024
- -
- -
- -
- -
0.53
2025
- -
- -
- -
- -
- -
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Business
Air Asia Co., Ltd. operates as an aircraft maintenance company based in Tainan City, Taiwan, with operations in Taiwan, the broader Asian region, and internationally. The company provides a comprehensive range of services including civilian and military aircraft maintenance; engine and component maintenance; helicopter maintenance; and aeronautical parts asset management. Its commercial and military aircraft maintenance, repair, and overhaul (MRO) services encompass A, B, C, and D checks; airworthiness directives and service bulletins compliance; corrosion prevention and control programs (CPCP/SSID); structural damage repairs; and airframe modifications and retrofits. Additionally, Air Asia offers aircraft propeller renovation, helicopter rotor blade overhaul, manufacturing of aero-engines, aerospace components, aircraft structures and engines, structural sub-assemblies, and parts manufacturing tools and trusses. The company also provides fleet management and factory entrusted operations, training for civil aviation personnel, fiber optic gyroscope services, and leases and distribution of aircraft parts and related equipment. Founded in 1946 and formerly known as Civil Air Transport (name changed to Air Asia Co., Ltd. in 1955), the company has maintained a focus on aerospace and defense sectors with approximately 1,067 employees. Recent strategic developments specific to Air Asia Co., Ltd. focus on expanding its comprehensive MRO capabilities while operating in multiple countries. While distinct from the Malaysian-based AirAsia airline group, the company remains a vital player in aerospace maintenance services internationally. The broader AirAsia Group, separate from Air Asia Co., Ltd., has announced major fleet expansion plans involving acquisition of up to 70 Airbus A321XLR jets and is undergoing structural and strategic realignments, but these do not directly pertain to Air Asia Co., Ltd.'s operations. Air Asia Co., Ltd. consistently updates its service offerings to include advanced maintenance technologies and adheres to strict aviation safety standards, positioning itself as a key service provider in the aerospace MRO market within the Asia-Pacific region and beyond.