China Eastern Airlines Corporation Limited (CIAH) - Net Assets
Based on the latest financial reports, China Eastern Airlines Corporation Limited (CIAH) has net assets worth €40.86 Billion EUR (≈ $47.77 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€297.73 Billion ≈ $348.07 Billion USD) and total liabilities (€256.87 Billion ≈ $300.30 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 CIAH goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €40.86 Billion |
| % of Total Assets | 13.72% |
| Annual Growth Rate | 3.3% |
| 5-Year Change | -32.03% |
| 10-Year Change | -25.81% |
| Growth Volatility | 23.19 |
China Eastern Airlines Corporation Limited - Net Assets Trend (2013–2025)
This chart illustrates how China Eastern Airlines Corporation Limited's net assets have evolved over time, based on quarterly financial data. See CIAH defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China Eastern Airlines Corporation Limited (2013–2025)
The table below shows the annual net assets of China Eastern Airlines Corporation Limited from 2013 to 2025. For live valuation and market cap data, see China Eastern Airlines Corporation Limit (CIAH) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €38.85 Billion ≈ $45.42 Billion |
-6.18% |
| 2024-12-31 | €41.41 Billion ≈ $48.41 Billion |
+0.46% |
| 2023-12-31 | €41.22 Billion ≈ $48.19 Billion |
+36.94% |
| 2022-12-31 | €30.10 Billion ≈ $35.19 Billion |
-47.33% |
| 2021-12-31 | €57.15 Billion ≈ $66.82 Billion |
-3.38% |
| 2020-12-31 | €59.15 Billion ≈ $69.16 Billion |
-18.57% |
| 2019-12-31 | €72.65 Billion ≈ $84.93 Billion |
+17.93% |
| 2018-12-31 | €61.60 Billion ≈ $72.02 Billion |
+4.80% |
| 2017-12-31 | €58.78 Billion ≈ $68.72 Billion |
+12.24% |
| 2016-12-31 | €52.37 Billion ≈ $61.22 Billion |
+39.08% |
| 2015-12-31 | €37.65 Billion ≈ $44.02 Billion |
+27.69% |
| 2014-12-31 | €29.49 Billion ≈ $34.47 Billion |
+12.03% |
| 2013-12-31 | €26.32 Billion ≈ $30.77 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to China Eastern Airlines Corporation 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 5670300000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €97.41 Billion | 257.99% |
| Total Equity | €37.76 Billion | 100.00% |
China Eastern Airlines Corporation Limited Competitors by Market Cap
The table below lists competitors of China Eastern Airlines Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CarGurus
NASDAQ:CARG
|
$2.26 Billion |
|
PUMA SE UNSP.ADR 1/10
F:PUMA
|
$2.26 Billion |
|
Select Energy Services Inc
NYSE:WTTR
|
$2.26 Billion |
|
AQ Group AB
ST:AQ
|
$2.26 Billion |
|
Ambu A/S
CO:AMBU-B
|
$2.26 Billion |
|
Trump Media & Technology Group Corp.
NASDAQ:DJT
|
$2.26 Billion |
|
Shanghai Feilo Acoustics Co Ltd
SHG:600651
|
$2.26 Billion |
|
Hillenbrand Inc
NYSE:HI
|
$2.26 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Eastern Airlines Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 40,532,000,000 to 37,759,000,000, a change of -2,773,000,000 (-6.8%).
- Net loss of 1,633,000,000 reduced equity.
- Dividend payments of 4,191,000,000 reduced retained earnings.
- Other factors increased equity by 3,051,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.63 Billion | -4.32% |
| Dividends Paid | €4.19 Billion | -11.1% |
| Other Changes | €3.05 Billion | +8.08% |
| Total Change | €- | -6.84% |
Book Value vs Market Value Analysis
This analysis compares China Eastern Airlines Corporation 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: 0.22x
- 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 increased from 0.10x to 0.22x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €3.83 | €0.38 | x |
| 2018-12-31 | €4.01 | €0.38 | x |
| 2019-12-31 | €4.21 | €0.38 | x |
| 2020-12-31 | €3.43 | €0.38 | x |
| 2021-12-31 | €2.84 | €0.38 | x |
| 2022-12-31 | €1.54 | €0.38 | x |
| 2023-12-31 | €1.82 | €0.38 | x |
| 2024-12-31 | €1.82 | €0.38 | x |
| 2025-12-31 | €1.71 | €0.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Eastern Airlines Corporation 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): -4.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.17%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 7.73x
- Recent ROE (-4.32%) is above the historical average (-10.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.57% | 2.68% | 0.64x | 5.59x | €-106.60 Million |
| 2014 | 12.34% | 3.81% | 0.55x | 5.90x | €647.40 Million |
| 2015 | 12.92% | 4.84% | 0.48x | 5.57x | €1.03 Billion |
| 2016 | 9.10% | 4.55% | 0.47x | 4.29x | €-447.00 Million |
| 2017 | 11.46% | 6.19% | 0.45x | 4.15x | €806.00 Million |
| 2018 | 4.65% | 2.34% | 0.48x | 4.12x | €-3.10 Billion |
| 2019 | 4.63% | 2.64% | 0.42x | 4.13x | €-3.71 Billion |
| 2020 | -21.04% | -20.15% | 0.21x | 5.06x | €-17.46 Billion |
| 2021 | -22.78% | -18.26% | 0.23x | 5.39x | €-17.58 Billion |
| 2022 | -128.56% | -81.08% | 0.16x | 9.83x | €-40.29 Billion |
| 2023 | -20.17% | -7.20% | 0.40x | 6.96x | €-12.25 Billion |
| 2024 | -10.43% | -3.20% | 0.48x | 6.82x | €-8.28 Billion |
| 2025 | -4.32% | -1.17% | 0.48x | 7.73x | €-5.41 Billion |
Industry Comparison
This section compares China Eastern Airlines Corporation Limited's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $20,587,648,797
- Average return on equity (ROE) among peers: -2.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Eastern Airlines Corporation Limited (CIAH) | €40.86 Billion | 9.57% | 6.29x | $2.26 Billion |
| Controladora Vuela Compañía de Aviación S.A.B. de C.V (2CDA) | $277.00 Million | -10.83% | 15.31x | $741.53 Million |
| Asia Aviation Public Company Limited (55AA) | $31.45 Billion | 4.70% | 1.00x | $327.67 Million |
| Bangkok Airways Public Company Limited (8BA) | $19.61 Billion | -26.95% | 1.58x | $5.14K |
| Air China Limited (AD2) | $39.23 Billion | -4.51% | 7.74x | $2.95 Billion |
| AIR CHINA LTD H ADR/20 (AD2B) | $40.95 Billion | -0.58% | 7.44x | $3.01 Billion |
| Copa Holdings S.A (C2H) | $1.59 Billion | -14.17% | 1.34x | $4.11 Billion |
| CATHAY PAC.AIRW.HD-20ADR5 (CTYA) | $52.51 Billion | 18.83% | 2.26x | $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) | $-3.82 Billion | 0.00% | 0.00x | $2.84 Billion |
About China Eastern Airlines Corporation Limited
China Eastern Airlines Corporation Limited, together with its subsidiaries, engages in the civil aviation business in the People's Republic of China and internationally. It operates through Aviation Operations and Other segments. The company is involved in air passenger, cargo, mail and baggage transportation and related services; general aviation; aircraft maintenance; aircraft equipment manufac… Read more