Air Astana JSC (CHIX:AIRAL) ROE %: -23.44% (As of Mar. 2026)


CHIX:AIRAL Air Astana JSC CHIX:AIRAL
46 GF Score
Price $5.52
! 6 Warning Signs
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What is Air Astana JSC ROE %?

Air Astana JSC CHIX:AIRAL 46 ROE % is -23.44% as of Mar. 2026. GuruFocus rates CHIX:AIRAL with a GF Score™ of 46/100. The stock has 6 warning signs investors should review. Among 991 Transportation companies, Air Astana JSC ranks worse than 80.12% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Air Astana JSC's annualized net income for the quarter that ended in Mar. 2026 was $-84 Mil. Air Astana JSC's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $360 Mil. Therefore, Air Astana JSC's annualized ROE % for the quarter that ended in Mar. 2026 was -23.44%.

The historical rank and industry rank for Air Astana JSC's ROE % or its related term are showing as below:

CHIX:AIRAl' s ROE % Range Over the Past 10 Years
Min: -510.31   Med: 27.7   Max: 88.26
Current: 0.84

During the past 6 years, Air Astana JSC's highest ROE % was 88.26%. The lowest was -510.31%. And the median was 27.70%.

CHIX:AIRAl's ROE % is ranked worse than
80.12% of 991 companies
in the Transportation industry
Industry Median: 7.62 vs CHIX:AIRAl: 0.84

Air Astana JSC  (CHIX:AIRAl) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-84.268/359.554
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-84.268 / 1281.184)*(1281.184 / 2076.3615)*(2076.3615 / 359.554)
=Net Margin %*Asset Turnover*Equity Multiplier
=-6.58 %*0.617*5.7748
=ROA %*Equity Multiplier
=-4.06 %*5.7748
=-23.44 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-84.268/359.554
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-84.268 / -121.336) * (-121.336 / -98.456) * (-98.456 / 1281.184) * (1281.184 / 2076.3615) * (2076.3615 / 359.554)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6945 * 1.2324 * -7.68 % * 0.617 * 5.7748
=-23.44 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Air Astana JSC ROE % Related Terms


Air Astana JSC ROE % Historical Data

* Premium members only.

The historical data trend for Air Astana JSC's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Air Astana JSC ROE % Chart

Air Astana JSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial 87.78 72.52 37.58 17.36 3.55

Air Astana JSC Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.46 18.96 21.63 -18.59 -23.44

CHIX:AIRAL vs DAL, UAL, LUV: ROE % Comparison

For the Airlines subindustry, Air Astana JSC's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Air Astana JSC ROE % vs Transportation Industry

For the Transportation industry and Industrials sector, Air Astana JSC's ROE % distribution charts can be found below:

* The bar in red indicates where Air Astana JSC's ROE % falls into.


CHIX:AIRAL
46GF Score
Air Astana JSC CHIX:AIRAL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Air Astana JSC ROE % Calculation

Air Astana JSC's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=13.552/( (394.53+369.314)/ 2 )
=13.552/381.922
=3.55 %

Air Astana JSC's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-84.268/( (369.314+349.794)/ 2 )
=-84.268/359.554
=-23.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -23.44% mean?
Air Astana JSC (CHIX:AIRAL) has a ROE % of -23.44% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Air Astana JSC and its competitors. According to the industry distribution chart, Air Astana JSC ranks #794 out of 991 companies in the Transportation industry, placing it in the top 80.1%.
Is Air Astana JSC's ROE % too high?
Air Astana JSC's current ROE % is -23.44%. Based on the distribution chart, Air Astana JSC ranks #794 out of 991 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Air Astana JSC has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Air Astana JSC's ROE % compare to DAL and UAL?
According to the Transportation industry distribution chart, Air Astana JSC ranks #794 out of 991 companies for ROE %. This places Air Astana JSC in the lower half of its industry. The industry median ROE % is 7.62. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Transportation company?
The median ROE % among Transportation companies is 7.62, based on 991 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Air Astana JSC and its competitors. For the Transportation industry, the median ROE % is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Astana JSC's current ROE % is -23.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Astana JSC stock overvalued right now?
Air Astana JSC (CHIX:AIRAL) has a current ROE % of -23.44%. The current ROE % is -23.44%. Air Astana JSC's overall GF Score™ is 46/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Air Astana JSC (CHIX:AIRAL), the current ROE % is -23.44% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Air Astana JSC Business Description

Address 4A Zakarpatskaya Street, Turksib District, Almaty, KAZ, 050039
Air Astana JSC is an airline company engaged in providing scheduled and charter, point-to-point and transit, short-haul and long-haul passenger air transportation and cargo services on domestic, regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East, and Asia (including India and China). The group has two reportable segments. The Air Astana segment operates as a full-service airline brand providing domestic and international passenger and cargo transportation services. The FlyArystan segment operates as a low-cost airline brand providing scheduled short-haul and medium-haul passenger air transportation services across Kazakhstan and neighboring regions, including the Caucasus, Central Asia, Turkey, and the Middle East.
46GF Score

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