AIR CHINA LTD H ADR/20 (AD2B) - Net Assets
Based on the latest financial reports, AIR CHINA LTD H ADR/20 (AD2B) has net assets worth €39.23 Billion EUR (≈ $45.87 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 (€343.05 Billion ≈ $401.06 Billion USD) and total liabilities (€303.82 Billion ≈ $355.19 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 AIR CHINA LTD H ADR/20 (AD2B) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €39.23 Billion |
| % of Total Assets | 11.44% |
| Annual Growth Rate | -12.15% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 47.0 |
AIR CHINA LTD H ADR/20 - Net Assets Trend (2021–2025)
This chart illustrates how AIR CHINA LTD H ADR/20's net assets have evolved over time, based on quarterly financial data. Also explore AIR CHINA LTD H ADR/20 (AD2B) total assets for the complete picture of this company's asset base.
Annual Net Assets for AIR CHINA LTD H ADR/20 (2021–2025)
The table below shows the annual net assets of AIR CHINA LTD H ADR/20 from 2021 to 2025. For live valuation and market cap data, see AIR CHINA LTD H ADR/20 market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €39.23 Billion ≈ $45.87 Billion |
-4.19% |
| 2024-12-31 | €40.95 Billion ≈ $47.87 Billion |
+16.03% |
| 2023-12-31 | €35.29 Billion ≈ $41.26 Billion |
+63.67% |
| 2022-12-31 | €21.56 Billion ≈ $25.21 Billion |
-67.27% |
| 2021-12-31 | €65.87 Billion ≈ $77.00 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to AIR CHINA LTD H ADR/20'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 448.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €75.04 Billion | 176.35% |
| Total Equity | €42.55 Billion | 100.00% |
AIR CHINA LTD H ADR/20 Competitors by Market Cap
The table below lists competitors of AIR CHINA LTD H ADR/20 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chengdu Xingrong Investment Co Ltd
SHE:000598
|
$3.01 Billion |
|
Standex International Corporation
NYSE:SXI
|
$3.01 Billion |
|
Genscript Biotech Corporation
F:G51
|
$3.01 Billion |
|
Marex Group plc Ordinary Shares
NASDAQ:MRX
|
$3.01 Billion |
|
Virbac SA
PA:VIRP
|
$3.01 Billion |
|
Tikehau Capital
PA:TKO
|
$3.01 Billion |
|
Twist Bioscience Corp
NASDAQ:TWST
|
$3.01 Billion |
|
Upstart Holdings Inc
NASDAQ:UPST
|
$3.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AIR CHINA LTD H ADR/20's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 45,147,411,000 to 42,551,575,000, a change of -2,595,836,000 (-5.7%).
- Net loss of 1,770,393,000 reduced equity.
- Dividend payments of 5,670,983,000 reduced retained earnings.
- Other factors increased equity by 4,845,540,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.77 Billion | -4.16% |
| Dividends Paid | €5.67 Billion | -13.33% |
| Other Changes | €4.85 Billion | +11.39% |
| Total Change | €- | -5.75% |
Book Value vs Market Value Analysis
This analysis compares AIR CHINA LTD H ADR/20'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: 4.26x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.46x to 4.26x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €4.23 | €10.40 | x |
| 2022-12-31 | €1.63 | €10.40 | x |
| 2023-12-31 | €2.30 | €10.40 | x |
| 2024-12-31 | €2.59 | €10.40 | x |
| 2025-12-31 | €2.44 | €10.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AIR CHINA LTD H ADR/20 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): -4.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.03%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 8.06x
- Recent ROE (-4.16%) is above the historical average (-39.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -27.10% | -22.33% | 0.25x | 4.86x | €-22.78 Billion |
| 2022 | -163.58% | -73.01% | 0.18x | 12.50x | €-40.98 Billion |
| 2023 | -2.81% | -0.74% | 0.42x | 9.01x | €-4.77 Billion |
| 2024 | -0.53% | -0.14% | 0.48x | 7.66x | €-4.75 Billion |
| 2025 | -4.16% | -1.03% | 0.50x | 8.06x | €-6.03 Billion |
Industry Comparison
This section compares AIR CHINA LTD H ADR/20's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $14,762,887,486
- Average return on equity (ROE) among peers: -64.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AIR CHINA LTD H ADR/20 (AD2B) | €39.23 Billion | -27.10% | 7.74x | $3.01 Billion |
| 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 | $375.58 Million |
| Bangkok Airways Public Company Limited (8BA) | $16.91 Billion | 18.39% | 2.42x | $3.62K |
| Air China Limited (AD2) | $21.56 Billion | -179.12% | 12.68x | $3.04 Billion |
| Copa Holdings S.A (C2H) | $1.29 Billion | -46.33% | 1.98x | $3.47 Billion |
| China Eastern Airlines Corporation Limited (CIAH) | $61.60 Billion | 4.38% | 2.88x | $2.39 Billion |
| EASYJET PLC SP.ADR NEW/4 (EJTS) | $3.50 Billion | 14.12% | 2.29x | $3.49 Billion |
| Deutsche Lufthansa AG (LHA) | $9.71 Billion | 17.23% | 3.75x | $10.27 Billion |
| Deutsche Lufthansa AG (LHAB) | $1.39 Billion | -484.86% | 27.47x | $9.97 Billion |
About AIR CHINA LTD H ADR/20
Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, and internationally. It operates in Airline Operations and Other Operations segments. The company provides aircraft engineering and airport ground handling services. It is also involved in the import and export trading business; wholesale … Read more