Asia Aviation Public Company Limited
Asia Aviation Public Company Limited provides airline services in Thailand. It operates through two segments, Scheduled Flight Operations and Chartered Flight Operations. The Scheduled Flight Operations segment offers passenger air transportation services to routine destinations for scheduled flights. This segment also sells tickets through its distribution channels, including website, sale count… Read more
Asia Aviation Public Company Limited (55AA) - Net Assets
Latest net assets as of September 2025: €12.11 Billion EUR
Based on the latest financial reports, Asia Aviation Public Company Limited (55AA) has net assets worth €12.11 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€79.15 Billion) and total liabilities (€67.04 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €12.11 Billion |
| % of Total Assets | 15.3% |
| Annual Growth Rate | -11.46% |
| 5-Year Change | -34.45% |
| 10-Year Change | N/A |
| Growth Volatility | 25.3 |
Asia Aviation Public Company Limited - Net Assets Trend (2016–2024)
This chart illustrates how Asia Aviation Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Asia Aviation Public Company Limited (2016–2024)
The table below shows the annual net assets of Asia Aviation Public Company Limited from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €11.38 Billion | +35.27% |
| 2023-12-31 | €8.41 Billion | +5.76% |
| 2022-12-31 | €7.95 Billion | -52.73% |
| 2021-12-31 | €16.83 Billion | -3.06% |
| 2020-12-31 | €17.36 Billion | -37.30% |
| 2019-12-31 | €27.69 Billion | -3.26% |
| 2018-12-31 | €28.62 Billion | -9.00% |
| 2017-12-31 | €31.45 Billion | +4.43% |
| 2016-12-31 | €30.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia Aviation Public Company Limited'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 decreased by 131.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €17.13 Billion | 150.56% |
| Total Equity | €11.38 Billion | 100.00% |
Asia Aviation Public Company Limited Competitors by Market Cap
The table below lists competitors of Asia Aviation Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Extek Technology Co. Ltd. A
SHE:301399
|
$138.94 Million |
|
Rosenbauer International AG
VI:ROS
|
$138.96 Million |
|
Frauenthal Holding AG
VI:FKA
|
$138.97 Million |
|
STP&I Public Company Limited
BK:STPI
|
$138.98 Million |
|
Crane Harbor Acquisition Corp. - Class A Ordinary Shares
NASDAQ:CHAC
|
$138.89 Million |
|
Malaysian Resources Corporation
KLSE:1651
|
$138.84 Million |
|
Formosan Rubber Group Inc
TW:2107
|
$138.81 Million |
|
China Aerospace International Holdings Limited
PINK:CHAEF
|
$138.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia Aviation Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,412,337,000 to 11,379,479,000, a change of 2,967,142,000 (35.3%).
- Net income of 3,477,938,000 contributed positively to equity growth.
- Other factors decreased equity by 510,796,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.48 Billion | +30.56% |
| Other Changes | €-510.80 Million | -4.49% |
| Total Change | €- | 35.27% |
Book Value vs Market Value Analysis
This analysis compares Asia Aviation Public Company Limited'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: 0.03x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €0.91 | €0.03 | x |
| 2018-12-31 | €0.84 | €0.03 | x |
| 2019-12-31 | €0.82 | €0.03 | x |
| 2020-12-31 | €0.59 | €0.03 | x |
| 2021-12-31 | €2.04 | €0.03 | x |
| 2022-12-31 | €0.65 | €0.03 | x |
| 2023-12-31 | €0.65 | €0.03 | x |
| 2024-12-31 | €0.89 | €0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia Aviation Public Company Limited 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): 30.56%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.04%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 6.62x
- Recent ROE (30.56%) is above the historical average (-13.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 8.79% | 5.77% | 0.57x | 2.66x | €-257.59 Million |
| 2017 | 6.71% | 4.11% | 0.57x | 2.85x | €-723.10 Million |
| 2018 | 0.34% | 0.18% | 0.63x | 3.02x | €-1.98 Billion |
| 2019 | -2.38% | -1.18% | 0.64x | 3.15x | €-2.47 Billion |
| 2020 | -33.39% | -34.94% | 0.20x | 4.76x | €-6.19 Billion |
| 2021 | -32.91% | -173.63% | 0.05x | 3.52x | €-8.67 Billion |
| 2022 | -100.95% | -45.75% | 0.27x | 8.13x | €-8.83 Billion |
| 2023 | 5.54% | 1.13% | 0.61x | 8.06x | €-375.41 Million |
| 2024 | 30.56% | 7.04% | 0.66x | 6.62x | €2.34 Billion |
Industry Comparison
This section compares Asia Aviation Public Company Limited's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $538,413,000
- Average return on equity (ROE) among peers: 25.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Aviation Public Company Limited (55AA) | €12.11 Billion | 8.79% | 5.54x | $138.91 Million |
| Enter Air Sp. z o.o (10N) | $346.67 Million | 18.91% | 6.81x | $112.83 Million |
| Air Astana Joint Stock Company (7YH) | $152.27 Million | 51.50% | 7.21x | $607.05 Million |
| M2A0 (M2A0) | $1.12 Billion | 5.79% | 1.48x | $6.85 Million |