Asia Aviation Public Company Limited (55AA) - Net Assets
Based on the latest financial reports, Asia Aviation Public Company Limited (55AA) has net assets worth €13.56 Billion EUR (≈ $15.85 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€76.34 Billion ≈ $89.25 Billion USD) and total liabilities (€62.78 Billion ≈ $73.40 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. Also explore Asia Aviation Public Company Limited (55AA) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €13.56 Billion |
| % of Total Assets | 17.76% |
| Annual Growth Rate | -8.49% |
| 5-Year Change | -19.45% |
| 10-Year Change | N/A |
| Growth Volatility | 25.28 |
Asia Aviation Public Company Limited - Net Assets Trend (2016–2025)
This chart illustrates how Asia Aviation Public Company Limited's net assets have evolved over time, based on quarterly financial data. Check 55AA tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Asia Aviation Public Company Limited (2016–2025)
The table below shows the annual net assets of Asia Aviation Public Company Limited from 2016 to 2025. For live valuation and market cap data, see Asia Aviation Public Company Limited (55AA) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €13.56 Billion ≈ $15.85 Billion |
+19.13% |
| 2024-12-31 | €11.38 Billion ≈ $13.30 Billion |
+35.27% |
| 2023-12-31 | €8.41 Billion ≈ $9.83 Billion |
+5.76% |
| 2022-12-31 | €7.95 Billion ≈ $9.30 Billion |
-52.73% |
| 2021-12-31 | €16.83 Billion ≈ $19.67 Billion |
-3.06% |
| 2020-12-31 | €17.36 Billion ≈ $20.30 Billion |
-37.30% |
| 2019-12-31 | €27.69 Billion ≈ $32.37 Billion |
-3.26% |
| 2018-12-31 | €28.62 Billion ≈ $33.46 Billion |
-9.00% |
| 2017-12-31 | €31.45 Billion ≈ $36.77 Billion |
+4.43% |
| 2016-12-31 | €30.12 Billion ≈ $35.21 Billion |
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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 119.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €17.12 Billion | 126.32% |
| Total Equity | €13.56 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 |
|---|---|
|
Lihe Technology
SHE:300800
|
$327.74 Million |
|
Merlin, Inc.
NASDAQ:MRLN
|
$327.78 Million |
|
Advanced Nano Products Co. Ltd
KQ:121600
|
$328.04 Million |
|
Byggmax Group AB
ST:BMAX
|
$328.07 Million |
|
FM Mattsson Mora Group AB (publ)
ST:FMM-B
|
$327.61 Million |
|
Jumbo Interactive Ltd
AU:JIN
|
$327.56 Million |
|
Letong Chemical Co Ltd
SHE:002319
|
$327.37 Million |
|
Selvaag Bolig ASA
OL:SBO
|
$327.33 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 2024 to 2025, total equity changed from 11,379,479,000 to 13,556,307,000, a change of 2,176,828,000 (19.1%).
- Net income of 2,336,220,000 contributed positively to equity growth.
- Other factors decreased equity by 159,392,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.34 Billion | +17.23% |
| Other Changes | €-159.39 Million | -1.18% |
| Total Change | €- | 19.13% |
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: 0.02x
- 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 |
| 2025-12-31 | €1.05 | €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): 17.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.11%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 5.63x
- Recent ROE (17.23%) is above the historical average (-10.04%), 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 |
| 2025 | 17.23% | 5.11% | 0.60x | 5.63x | €980.59 Million |
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: $24,820,888,778
- Average return on equity (ROE) among peers: -9.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia Aviation Public Company Limited (55AA) | €13.56 Billion | 8.79% | 4.63x | $327.67 Million |
| Controladora Vuela Compañía de Aviación S.A.B. de C.V (2CDA) | $6.53 Billion | 32.47% | 11.57x | $741.53 Million |
| Bangkok Airways Public Company Limited (8BA) | $28.39 Billion | 2.78% | 1.04x | $5.12K |
| Air China Limited (AD2) | $40.95 Billion | -0.58% | 7.44x | $2.66 Billion |
| AIR CHINA LTD H ADR/20 (AD2B) | $21.56 Billion | -179.12% | 12.68x | $3.01 Billion |
| Copa Holdings S.A (C2H) | $1.29 Billion | -46.33% | 1.98x | $4.11 Billion |
| China Eastern Airlines Corporation Limited (CIAH) | $58.78 Billion | 10.79% | 2.91x | $2.06 Billion |
| CATHAY PAC.AIRW.HD-20ADR5 (CTYA) | $60.03 Billion | 16.31% | 1.90x | $8.96 Billion |
| EASYJET PLC SP.ADR NEW/4 (EJTS) | $3.50 Billion | 14.12% | 2.29x | $3.49 Billion |
| AIR FRANCE-KLM ADR EO 85 (FQZ) | $2.36 Billion | 67.39% | 15.69x | $2.84 Billion |
About 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 websites, sale coun… Read more