Air Arabia PJSC (DFM:AIRARABIA)

Air Arabia PJSC Ratios and Metrics

Market cap in millions AED. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 15, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	23,100	21,747	14,373	13,160	10,033	6,767
Market Cap Growth	48.20%	51.30%	9.22%	31.16%	48.28%	13.28%
Enterprise Value	20,684	18,570	11,598	10,621	8,245	7,304
Last Close Price	4.95	4.35	2.67	2.28	1.62	1.04
PE Ratio	14.19	13.35	9.80	8.51	8.21	9.40
Forward PE	14.33	12.43	9.68	8.24	11.32	18.13
PS Ratio	2.97	2.79	2.12	2.19	1.91	2.13
PB Ratio	2.75	2.59	1.81	1.75	1.43	1.11
P/TBV Ratio	3.28	3.09	2.18	2.13	1.77	1.43
P/FCF Ratio	43.36	40.82	8.46	6.83	5.19	3.57
P/OCF Ratio	8.08	7.60	6.31	5.71	4.59	3.47
PEG Ratio	-	1.56	1.56	1.56	1.56	1.56
EV/Sales Ratio	2.66	2.38	1.71	1.77	1.57	2.30
EV/EBITDA Ratio	9.96	10.86	6.88	6.01	5.12	6.22
EV/EBIT Ratio	14.17	14.63	9.80	8.57	7.66	11.36
EV/FCF Ratio	38.82	34.85	6.83	5.51	4.27	3.85
Debt / Equity Ratio	0.39	0.33	0.26	0.30	0.41	0.54
Debt / EBITDA Ratio	1.60	1.47	1.15	1.21	1.69	2.60
Debt / FCF Ratio	8.78	5.22	1.24	1.18	1.50	1.73
Net Debt / Equity Ratio	-0.27	-0.29	-0.40	-0.39	-0.26	-0.10
Net Debt / EBITDA Ratio	-1.25	-1.41	-1.91	-1.68	-1.15	-0.51
Net Debt / FCF Ratio	-6.19	-4.54	-1.89	-1.54	-0.96	-0.32
Asset Turnover	0.46	0.47	0.45	0.41	0.38	0.25
Inventory Turnover	73.15	80.91	101.84	106.63	135.47	93.38
Quick Ratio	0.90	0.99	1.34	1.38	1.43	1.34
Current Ratio	0.92	1.10	1.46	1.51	1.52	1.47
Return on Equity (ROE)	21.47%	19.91%	18.95%	21.30%	18.70%	13.61%
Return on Assets (ROA)	4.33%	4.80%	4.93%	5.32%	4.85%	3.10%
Return on Invested Capital (ROIC)	18.47%	21.06%	23.22%	25.50%	20.29%	11.62%
Return on Capital Employed (ROCE)	10.30%	10.50%	10.70%	11.70%	10.00%	6.30%
Earnings Yield	7.05%	7.49%	10.21%	11.76%	12.18%	10.64%
FCF Yield	2.31%	2.45%	11.82%	14.64%	19.25%	28.02%
Dividend Yield	5.00%	-	9.37%	8.78%	9.25%	8.18%
Payout Ratio	71.69%	71.69%	63.62%	45.25%	32.47%	-
Total Shareholder Return	5.00%	-	9.37%	8.78%	9.25%	8.18%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.