Bangkok Airways Public Company Limited (8BA) - Net Assets
Based on the latest financial reports, Bangkok Airways Public Company Limited (8BA) has net assets worth €13.27 Billion EUR (≈ $15.52 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 (€50.40 Billion ≈ $58.92 Billion USD) and total liabilities (€37.13 Billion ≈ $43.40 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 Bangkok Airways Public Company Limited assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €13.27 Billion |
| % of Total Assets | 26.34% |
| Annual Growth Rate | -9.31% |
| 5-Year Change | 0.84% |
| 10-Year Change | N/A |
| Growth Volatility | 18.37 |
Bangkok Airways Public Company Limited - Net Assets Trend (2016–2025)
This chart illustrates how Bangkok Airways Public Company Limited's net assets have evolved over time, based on quarterly financial data. Check 8BA goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Bangkok Airways Public Company Limited (2016–2025)
The table below shows the annual net assets of Bangkok Airways Public Company Limited from 2016 to 2025. For live valuation and market cap data, see Bangkok Airways Public Company Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €13.27 Billion ≈ $15.52 Billion |
-16.29% |
| 2024-12-31 | €15.86 Billion ≈ $18.54 Billion |
-6.22% |
| 2023-12-31 | €16.91 Billion ≈ $19.77 Billion |
+0.86% |
| 2022-12-31 | €16.76 Billion ≈ $19.60 Billion |
+27.36% |
| 2021-12-31 | €13.16 Billion ≈ $15.39 Billion |
-32.87% |
| 2020-12-31 | €19.61 Billion ≈ $22.92 Billion |
-34.66% |
| 2019-12-31 | €30.00 Billion ≈ $35.08 Billion |
-2.51% |
| 2018-12-31 | €30.78 Billion ≈ $35.98 Billion |
+8.43% |
| 2017-12-31 | €28.39 Billion ≈ $33.19 Billion |
-11.26% |
| 2016-12-31 | €31.99 Billion ≈ $37.40 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Bangkok Airways 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 grown by 361.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.06 Billion | 23.17% |
| Other Components | €10.16 Billion | 76.83% |
| Total Equity | €13.22 Billion | 100.00% |
Bangkok Airways Public Company Limited Competitors by Market Cap
The table below lists competitors of Bangkok Airways Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jade Road Investments Ltd
LSE:JADE
|
$5.38K |
|
GLOB.HEALTH CLINICS O.N.
F:L00
|
$5.49K |
|
Norofert SA
RO:NRF
|
$5.57K |
|
Sunworks Inc
NASDAQ:SUNWQ
|
$5.68K |
|
Bagfas Bandirma Gubre Fabrikalari AS
IS:BAGFS
|
$5.34K |
|
SRI TRANG AGR.-FOR- BA 1
F:YTAA
|
$5.26K |
|
Orient Telecoms
LSE:ORNT
|
$4.87K |
|
ENERGEIA AS NK 60
F:F62
|
$4.82K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bangkok Airways Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 15,931,051,164 to 13,224,943,947, a change of -2,706,107,217 (-17.0%).
- Net income of 3,549,205,622 contributed positively to equity growth.
- Dividend payments of 2,519,242,407 reduced retained earnings.
- Share repurchases of 361,513,755 reduced equity.
- Other factors decreased equity by 3,374,556,677.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.55 Billion | +26.84% |
| Dividends Paid | €2.52 Billion | -19.05% |
| Share Repurchases | €361.51 Million | -2.73% |
| Other Changes | €-3.37 Billion | -25.52% |
| Total Change | €- | -16.99% |
Book Value vs Market Value Analysis
This analysis compares Bangkok Airways 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: 0.07x
- 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 | €13.48 | €0.47 | x |
| 2018-12-31 | €14.83 | €0.47 | x |
| 2019-12-31 | €14.54 | €0.47 | x |
| 2020-12-31 | €9.51 | €0.47 | x |
| 2021-12-31 | €6.40 | €0.47 | x |
| 2022-12-31 | €8.01 | €0.47 | x |
| 2023-12-31 | €8.09 | €0.47 | x |
| 2024-12-31 | €7.59 | €0.47 | x |
| 2025-12-31 | €6.38 | €0.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bangkok Airways 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): 26.84%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.73%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 3.81x
- Recent ROE (26.84%) is above the historical average (-2.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.54% | 7.16% | 0.41x | 1.89x | €-1.42 Billion |
| 2017 | 2.78% | 3.16% | 0.43x | 2.05x | €-2.04 Billion |
| 2018 | 0.81% | 0.99% | 0.41x | 2.02x | €-2.82 Billion |
| 2019 | 1.17% | 1.46% | 0.39x | 2.07x | €-2.64 Billion |
| 2020 | -26.97% | -68.92% | 0.15x | 2.58x | €-7.24 Billion |
| 2021 | -64.78% | -314.69% | 0.06x | 3.71x | €-9.87 Billion |
| 2022 | -12.55% | -18.67% | 0.18x | 3.70x | €-3.79 Billion |
| 2023 | 18.31% | 15.80% | 0.34x | 3.41x | €1.41 Billion |
| 2024 | 23.78% | 15.78% | 0.43x | 3.51x | €2.19 Billion |
| 2025 | 26.84% | 14.73% | 0.48x | 3.81x | €2.23 Billion |
Industry Comparison
This section compares Bangkok Airways Public Company Limited's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $25,777,572,778
- Average return on equity (ROE) among peers: 13.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bangkok Airways Public Company Limited (8BA) | €13.27 Billion | 5.54% | 2.80x | $5.37K |
| Controladora Vuela Compañía de Aviación S.A.B. de C.V (2CDA) | $5.53 Billion | 47.73% | 10.45x | $741.53 Million |
| Asia Aviation Public Company Limited (55AA) | $11.38 Billion | 30.56% | 5.62x | $327.67 Million |
| Air China Limited (AD2) | $40.95 Billion | -0.58% | 7.44x | $2.74 Billion |
| AIR CHINA LTD H ADR/20 (AD2B) | $39.23 Billion | -4.51% | 7.74x | $3.01 Billion |
| Copa Holdings S.A (C2H) | $1.84 Billion | 18.16% | 1.09x | $4.11 Billion |
| China Eastern Airlines Corporation Limited (CIAH) | $72.65 Billion | 4.39% | 2.93x | $2.00 Billion |
| CATHAY PAC.AIRW.HD-20ADR5 (CTYA) | $60.12 Billion | 18.01% | 1.95x | $8.96 Billion |
| EASYJET PLC SP.ADR NEW/4 (EJTS) | $2.79 Billion | 11.63% | 2.53x | $3.49 Billion |
| AIR FRANCE-KLM ADR EO 85 (FQZ) | $-2.48 Billion | 0.00% | 0.00x | $2.84 Billion |
About Bangkok Airways Public Company Limited
Bangkok Airways Public Company Limited, together with its subsidiaries, provides air transportation and airport services. The company operates through Airline, Airport, and Supporting Airline Business segments. The Airline segment engages in the sale of tickets, as well as the provision of services for passengers. The Airport segment offers location services for passengers and airlines. The Suppo… Read more