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Air Asia Co., Ltd. (2630.TW)

TWD60.50 -1.80 (-2.89%)
TW TAI Industrials Aerospace & Defense
Address No. 1050 Jichang Road 71755
Tainan City, TW
CEO Woei-Shyan Lee
IPO 2017-02-24
ISIN TW0002630001

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Description

Air Asia Co., Ltd., headquartered in Tainan City, Taiwan, is a leading provider of aircraft maintenance services, operating both domestically and internationally. The company's comprehensive offerings span both civilian and military aviation, encompassing complete aircraft maintenance, specialized engine and component upkeep, and dedicated helicopter services. Air Asia delivers extensive Maintenance, Repair, and Overhaul (MRO) solutions for commercial and military aircraft. This includes routine A/B/C/D inspections, implementation of airworthiness directives and service bulletins, adherence to Corrosion Prevention Control Programs (CPCP) and Supplemental Structural Inspection Documents (SSID), structural damage rectification, and airframe modifications or retrofits. For engines and components, their expertise covers repair, overhaul, precise measurements, and non-destructive inspection techniques. They also provide similar in-depth maintenance for commercial and military helicopters. Additionally, Air Asia handles aeronautical parts asset management and distributes spare parts. They specialize in propeller renovation for aircraft and rotor blade repair for helicopters. Beyond maintenance, the firm offers a wide array of ground support services. These include ramp management, assistance with landing permit applications, and coordination of third-party essentials like catering, laundry, and general airport services. They supply crucial ground equipment and personnel, such as follow-me vehicles, ramp shuttles, ground power units (GPUs), refueling services, refreshment provisions, towing tractors for push-back and position movements, passenger steps, air start units, forklifts, tow tugs, general labor, and headset operators. Further capabilities include fleet management, specialized training for civil aviation personnel, and meticulous inspection and maintenance of fuel tanks and wire harnessing. Originally established as Civil Air Transport in 1946, the company adopted its current name, Air Asia Co., Ltd., in 1955. It operates as a subsidiary of Taiwan Aerospace Corp.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD60.50 -1.80 (-2.89%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.15
Float Shares
85.03M
Free Float %
40.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.81% -3.98% -11.97% -17.80% -8.34% -16.70% +10.15% +37.08% +251.13% +70.87% +70.87%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
60.50
DCF (Unlevered) 114.47 +89.2%
DCF (Levered) 227.78 +276.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2025-08 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.14
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Aerospace & Defense: +15.4%
    +4.9% Q1'26: -12.9% (vs Q1'25)
  • EPS growth Aerospace & Defense: +32.2%
    +49.3% Q1'26: -38.6% (vs Q1'25)
  • FCF margin FCF growth · Aerospace & Defense: +45.0%
    +4.1% Q1'26: -5.8% (vs Q1'25)
  • EBIT margin Aerospace & Defense: +9.2%
    +5.5% Q1'26: +2.6% (vs Q1'25)
  • ROIC Aerospace & Defense: +6.2%
    +5.2% Q1'26: +2.0% (vs Q1'25)
  • Share dilution Aerospace & Defense: +0.0%
    +0.1% Q1'26: -2.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Aerospace & Defense: 0.16×
    3.25× Q1'26: 5.78× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.22) × ERP
WACC = 88% × Ke + 12% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 114.47 Current price: 60.50
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
2.42B
est: 2.42B (0.0%)
2.72B
est: 3.36B (-19.1%)
3.91B
est: 3.74B (+4.7%)
3.90B
est: 3.79B (+2.8%)
3.88B
est: 4.78B (-18.8%)
4.07B
est: 4.98B (-18.2%)
4.86B
est: 4.86B (0.0%)
5.20B
est: 5.20B (+0.0%)
5.45B
est: 5.84B (-6.6%)
6.25B
6.25B – 6.25B
+7.1% YoY
6.59B
6.59B – 6.59B
+5.4% YoY
EBITDA
224.21M
est: 107.97M (+107.7%)
91.45M
est: 150.16M (-39.1%)
194.44M
est: 166.91M (+16.5%)
155.45M
est: 169.23M (-8.1%)
186.95M
est: 213.53M (-12.4%)
142.74M
est: 222.23M (-35.8%)
176.06M
est: 217.19M (-18.9%)
332.56M
est: 605.68M (-45.1%)
414.20M
est: 679.99M (-39.1%)
728.21M
728.21M – 728.21M
+7.1% YoY
767.23M
767.23M – 767.23M
+5.4% YoY
EBIT
148.93M
est: 58.36M (+155.2%)
22.57M
est: 81.17M (-72.2%)
82.26M
est: 90.23M (-8.8%)
62.05M
est: 91.48M (-32.2%)
102.93M
est: 115.42M (-10.8%)
47.65M
est: 120.13M (-60.3%)
109.85M
est: 117.40M (-6.4%)
216.93M
est: 502.83M (-56.9%)
299.96M
est: 564.53M (-46.9%)
604.56M
604.56M – 604.56M
+7.1% YoY
636.95M
636.95M – 636.95M
+5.4% YoY
Net Income
123.39M
est: 233.31M (-47.1%)
15.41M
est: 152.07M (-89.9%)
45.01M
est: 41.62M (+8.2%)
42.39M
est: 48.02M (-11.7%)
76.98M
est: 60.78M (+26.7%)
13.49M
est: 178.15M (-92.4%)
57.12M
est: 50.30M (+13.6%)
140.61M
est: 130.03M (+8.1%)
209.73M
est: 222.31M (-5.7%)
119.54M
119.54M – 119.54M
-46.2% YoY
253.77M
253.77M – 253.77M
+112.3% YoY
SGA
221.13M
est: 127.83M (+73.0%)
263.15M
est: 177.80M (+48.0%)
272.92M
est: 197.62M (+38.1%)
230.90M
est: 200.37M (+15.2%)
223.42M
est: 252.82M (-11.6%)
213.10M
est: 263.13M (-19.0%)
236.34M
est: 257.15M (-8.1%)
242.30M
est: 258.83M (-6.4%)
238.93M
est: 290.58M (-17.8%)
311.19M
311.19M – 311.19M
+7.1% YoY
327.86M
327.86M – 327.86M
+5.4% YoY
EPS
0.87
est: 1.11 (-21.8%)
0.10
est: 0.73 (-86.5%)
0.29
est: 0.20 (+46.0%)
0.27
est: 0.23 (+17.8%)
0.46
est: 0.29 (+58.6%)
0.08
est: 0.85 (-90.9%)
0.31
est: 0.24 (+29.2%)
0.67
est: 0.62 (+8.1%)
1.00
est: 1.06 (-5.7%)
0.57
0.57 – 0.57
-46.2% YoY
1.21
1.21 – 1.21
+112.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-18 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-15 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-14 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-13 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-12 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-11 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-08 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-07 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-06 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-05 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-05-04 C+ 2/5 1/5 3/5 4/5 2/5 1/5 2/5
2026-04-30 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-29 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-28 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-27 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-24 C+ 2/5 1/5 2/5 4/5 2/5 1/5 2/5
2026-04-23 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5
2026-04-22 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5
2026-04-21 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5
2026-04-20 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5
2026-04-17 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5
2026-04-16 C 2/5 1/5 2/5 4/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
376.90M
OE per share TTM
1.90
Owner's Yield
3.93%
Maintenance CapEx ratio
9.22%
Maint CapEx / Avg PPE
22.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 3 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Avantis Emerging Markets Value ETF AVES 0.00% 33.7K 0.36%
2 Dimensional - Emerging Core Equity Market ETF DFAE 0.00% 30.5K 0.29%
3 Dimensional - Emerging Markets Value ETF DFEV 0.00% 5.1K 0.46%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
265.4K
Shares Outstanding
209.44M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Woei-Shyan Lee Chairperson & GM 3M male
Ssu-Tsen Kuo Principal Financial Officer, Director of Accounting & Financial Division and Vice President 2M female
Chun-Shien Huang Chief of Chairman's Office & Corporate Governance Officer 1M male
Glenn C. L. Lee Director of Marketing male
Shu Chun Liu Director of Legal Affairs Office & Corporate Governance Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits