Aegean Airlines S.A. (AEGN) - Net Assets
Based on the latest financial reports, Aegean Airlines S.A. (AEGN) has net assets worth €568.76 Million EUR (≈ $664.94 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.21 Billion ≈ $3.76 Billion USD) and total liabilities (€2.64 Billion ≈ $3.09 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AEGN intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €568.76 Million |
| % of Total Assets | 17.7% |
| Annual Growth Rate | 9.06% |
| 5-Year Change | 166.23% |
| 10-Year Change | 132.84% |
| Growth Volatility | 57.25 |
Aegean Airlines S.A. - Net Assets Trend (2014–2025)
This chart illustrates how Aegean Airlines S.A.'s net assets have evolved over time, based on quarterly financial data. See AEGN defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Aegean Airlines S.A. (2014–2025)
The table below shows the annual net assets of Aegean Airlines S.A. from 2014 to 2025. For live valuation and market cap data, see Aegean Airlines S.A. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €568.76 Million ≈ $664.94 Million |
+13.90% |
| 2024-12-31 | €499.36 Million ≈ $583.80 Million |
+19.23% |
| 2023-12-31 | €418.83 Million ≈ $489.66 Million |
+20.10% |
| 2022-12-31 | €348.72 Million ≈ $407.70 Million |
+63.23% |
| 2021-12-31 | €213.64 Million ≈ $249.76 Million |
+175.37% |
| 2020-12-31 | €77.58 Million ≈ $90.70 Million |
-76.38% |
| 2019-12-31 | €328.40 Million ≈ $383.93 Million |
+18.18% |
| 2018-12-31 | €277.88 Million ≈ $324.87 Million |
+12.07% |
| 2017-12-31 | €247.94 Million ≈ $289.87 Million |
+1.50% |
| 2016-12-31 | €244.27 Million ≈ $285.58 Million |
+10.04% |
| 2015-12-31 | €221.97 Million ≈ $259.51 Million |
+1.36% |
| 2014-12-31 | €218.99 Million ≈ $256.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Aegean Airlines S.A.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 279.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €395.00 Million | 69.45% |
| Other Components | €173.76 Million | 30.55% |
| Total Equity | €568.76 Million | 100.00% |
Aegean Airlines S.A. Competitors by Market Cap
The table below lists competitors of Aegean Airlines S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Ganglian E Commerce
SHE:300226
|
$997.14 Million |
|
Beijing Shenzhou Aerospace Software Technology Co. Ltd. A
SHG:688562
|
$997.40 Million |
|
DATATEC LTD (UNSP.ADR)/2
F:DTT0
|
$997.41 Million |
|
Jiangsu Asia Pacific Light Alloy Technology Co Ltd
SHE:002540
|
$997.79 Million |
|
Shenzhen JT Automation Equipment Co Ltd
SHE:300400
|
$996.95 Million |
|
Teekay Corporation
NYSE:TK
|
$996.29 Million |
|
Monex S.A.B. de C.V
MX:MONEXB
|
$996.11 Million |
|
Wereldhave NV
AS:WHA
|
$996.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aegean Airlines S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 499,355,420 to 568,757,370, a change of 69,401,950 (13.9%).
- Net income of 147,842,680 contributed positively to equity growth.
- Dividend payments of 72,133,240 reduced retained earnings.
- Share repurchases of 1,443,830 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €147.84 Million | +25.99% |
| Dividends Paid | €72.13 Million | -12.68% |
| Share Repurchases | €1.44 Million | -0.25% |
| Other Changes | €-4.86 Million | -0.86% |
| Total Change | €- | 13.90% |
Book Value vs Market Value Analysis
This analysis compares Aegean Airlines S.A.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.94x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.49x to 1.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €3.53 | €12.32 | x |
| 2019-12-31 | €4.17 | €12.32 | x |
| 2020-12-31 | €0.99 | €12.32 | x |
| 2021-12-31 | €2.36 | €12.32 | x |
| 2022-12-31 | €3.87 | €12.32 | x |
| 2023-12-31 | €4.67 | €12.32 | x |
| 2024-12-31 | €5.59 | €12.32 | x |
| 2025-12-31 | €6.34 | €12.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aegean Airlines S.A. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.84%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 5.65x
- Recent ROE (25.99%) is above the historical average (-1.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 36.73% | 8.73% | 1.46x | 2.88x | €58.54 Million |
| 2015 | 30.81% | 6.83% | 1.50x | 3.01x | €46.20 Million |
| 2016 | 13.19% | 3.12% | 1.59x | 2.66x | €7.78 Million |
| 2017 | 24.35% | 5.29% | 1.67x | 2.75x | €35.57 Million |
| 2018 | 24.44% | 5.64% | 1.66x | 2.61x | €40.13 Million |
| 2019 | 23.90% | 6.00% | 0.98x | 4.06x | €45.66 Million |
| 2020 | -293.77% | -54.90% | 0.29x | 18.57x | €-235.67 Million |
| 2021 | 2.30% | 0.73% | 0.44x | 7.23x | €-16.40 Million |
| 2022 | 30.97% | 8.08% | 0.66x | 5.79x | €73.13 Million |
| 2023 | 40.39% | 11.06% | 0.63x | 5.82x | €127.89 Million |
| 2024 | 26.02% | 8.11% | 0.56x | 5.76x | €80.01 Million |
| 2025 | 25.99% | 8.84% | 0.52x | 5.65x | €90.97 Million |
Industry Comparison
This section compares Aegean Airlines S.A.'s net assets metrics with peer companies in the Airlines industry.
No peer company data available for comparison.
About Aegean Airlines S.A.
Aegean Airlines S.A., together with its subsidiaries, operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally. It transports passengers and cargo through scheduled and non-scheduled flights; and offers aviation applications, aircraft technical support, and ground handling aircraft services. The company also offers charte… Read more