BOC Aviation Limited (8BO) - Net Assets
Based on the latest financial reports, BOC Aviation Limited (8BO) has net assets worth €6.84 Billion EUR as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€26.34 Billion) and total liabilities (€19.50 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 | €6.84 Billion |
| % of Total Assets | 25.97% |
| Annual Growth Rate | 8.14% |
| 5-Year Change | 29.91% |
| 10-Year Change | N/A |
| Growth Volatility | 4.03 |
BOC Aviation Limited - Net Assets Trend (2016–2025)
This chart illustrates how BOC Aviation 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 BOC Aviation Limited (2016–2025)
The table below shows the annual net assets of BOC Aviation Limited from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €6.84 Billion | +7.52% |
| 2024-12-31 | €6.36 Billion | +10.68% |
| 2023-12-31 | €5.75 Billion | +10.50% |
| 2022-12-31 | €5.20 Billion | -1.21% |
| 2021-12-31 | €5.27 Billion | +10.24% |
| 2020-12-31 | €4.78 Billion | +4.28% |
| 2019-12-31 | €4.58 Billion | +9.09% |
| 2018-12-31 | €4.20 Billion | +9.96% |
| 2017-12-31 | €3.82 Billion | +12.91% |
| 2016-12-31 | €3.38 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BOC Aviation 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 157.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €5.68 Billion | 83.01% |
| Other Components | €1.16 Billion | 16.99% |
| Total Equity | €6.84 Billion | 100.00% |
BOC Aviation Limited Competitors by Market Cap
The table below lists competitors of BOC Aviation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VZ Holding AG
SW:VZN
|
$6.14 Billion |
|
Pandora A/S
CO:PNDORA
|
$6.15 Billion |
|
EnLink Midstream LLC
F:0E41
|
$6.16 Billion |
|
Century Aluminum Company
NASDAQ:CENX
|
$6.16 Billion |
|
Li Ning Company Limited
F:LNLB
|
$6.13 Billion |
|
Swissquote Group Holding SA
SW:SQN
|
$6.13 Billion |
|
Valaris Ltd
NYSE:VAL
|
$6.13 Billion |
|
Dongxing Sec Co Ltd
SHG:601198
|
$6.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BOC Aviation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,362,544,000 to 6,840,861,000, a change of 478,317,000 (7.5%).
- Net income of 787,245,000 contributed positively to equity growth.
- Dividend payments of 287,737,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €787.25 Million | +11.51% |
| Dividends Paid | €287.74 Million | -4.21% |
| Other Changes | €-21.19 Million | -0.31% |
| Total Change | €- | 7.52% |
Book Value vs Market Value Analysis
This analysis compares BOC Aviation 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: 0.88x
- 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.
- The price-to-book ratio has decreased from 1.58x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €5.50 | €8.70 | x |
| 2018-12-31 | €6.05 | €8.70 | x |
| 2019-12-31 | €6.60 | €8.70 | x |
| 2020-12-31 | €6.88 | €8.70 | x |
| 2021-12-31 | €7.59 | €8.70 | x |
| 2022-12-31 | €7.50 | €8.70 | x |
| 2023-12-31 | €8.28 | €8.70 | x |
| 2024-12-31 | €9.17 | €8.70 | x |
| 2025-12-31 | €9.86 | €8.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BOC Aviation 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): 11.51%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.96%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 3.85x
- Recent ROE (11.51%) is below the historical average (11.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 12.36% | 38.15% | 0.08x | 3.98x | €79.86 Million |
| 2017 | 15.36% | 44.79% | 0.08x | 4.20x | €204.77 Million |
| 2018 | 14.78% | 38.35% | 0.09x | 4.35x | €200.54 Million |
| 2019 | 15.33% | 39.12% | 0.09x | 4.31x | €244.17 Million |
| 2020 | 10.67% | 26.63% | 0.08x | 4.93x | €32.16 Million |
| 2021 | 10.66% | 27.49% | 0.09x | 4.53x | €34.73 Million |
| 2022 | 0.39% | 0.94% | 0.10x | 4.24x | €-500.15 Million |
| 2023 | 13.29% | 36.92% | 0.09x | 4.20x | €189.06 Million |
| 2024 | 14.52% | 42.06% | 0.09x | 3.94x | €287.33 Million |
| 2025 | 11.51% | 32.96% | 0.09x | 3.85x | €103.16 Million |
Industry Comparison
This section compares BOC Aviation Limited's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $93,020,945,156
- Average return on equity (ROE) among peers: 10.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BOC Aviation Limited (8BO) | €6.84 Billion | 12.36% | 2.85x | $6.14 Billion |
| Redde Northgate PLC (21W) | $563.62 Million | 9.12% | 1.00x | $1.03 Billion |
| China Development Bank Financial Leasing Co. Ltd (2C6) | $26.63 Billion | 12.27% | 10.39x | $521.31 Million |
| CSSC(HK)SHIPPING CO.LTD (3LL) | $11.64 Billion | 14.47% | 2.48x | $1.61 Billion |
| GENERAL DE ALQUI. EO 1 (4LX) | $97.55 Million | 7.85% | 3.61x | $136.94 Million |
| TOKYO CENTURY CORP. (59O) | $795.58 Billion | 6.32% | 6.12x | $5.58 Billion |
| Sicily By Car S.P.A. (5LC) | $75.18 Million | 52.97% | 1.28x | $99.22 Million |
| DONKEYREPUBLIC HLD.DK-10 (6UJ) | $57.15 Million | -40.39% | 2.00x | $42.14 Million |
| BLACK DIAMOND GRP LTD (8B8) | $293.96 Million | 10.33% | 1.20x | $699.01 Million |
| AMERCO (AUK) | $2.25 Billion | 21.72% | 2.60x | $985.71 Million |
About BOC Aviation Limited
BOC Aviation Limited operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa. The company offers a range of services to airlines and aircraft owners, including direct operating and finance leases, sale and leaseback facilities, engine finance leases, and third-party asset management.… Read more