CATHAY PAC.AIRW.HD-20ADR5 (CTYA) - Net Assets
Based on the latest financial reports, CATHAY PAC.AIRW.HD-20ADR5 (CTYA) has net assets worth €60.12 Billion EUR (≈ $70.28 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 (€177.05 Billion ≈ $206.99 Billion USD) and total liabilities (€116.93 Billion ≈ $136.71 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. Explore CATHAY PAC.AIRW.HD-20ADR5 cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €60.12 Billion |
| % of Total Assets | 33.95% |
| Annual Growth Rate | -4.49% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.93 |
CATHAY PAC.AIRW.HD-20ADR5 - Net Assets Trend (2021–2025)
This chart illustrates how CATHAY PAC.AIRW.HD-20ADR5's net assets have evolved over time, based on quarterly financial data. Also explore CATHAY PAC.AIRW.HD-20ADR5 balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for CATHAY PAC.AIRW.HD-20ADR5 (2021–2025)
The table below shows the annual net assets of CATHAY PAC.AIRW.HD-20ADR5 from 2021 to 2025. For live valuation and market cap data, see CATHAY PAC.AIRW.HD-20ADR5 stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €60.12 Billion ≈ $70.28 Billion |
+14.49% |
| 2024-12-31 | €52.51 Billion ≈ $61.39 Billion |
-12.54% |
| 2023-12-31 | €60.03 Billion ≈ $70.18 Billion |
-5.92% |
| 2022-12-31 | €63.81 Billion ≈ $74.60 Billion |
-11.68% |
| 2021-12-31 | €72.25 Billion ≈ $84.47 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to CATHAY PAC.AIRW.HD-20ADR5'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 66.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €32.91 Billion | 54.76% |
| Other Components | €27.20 Billion | 45.24% |
| Total Equity | €60.11 Billion | 100.00% |
CATHAY PAC.AIRW.HD-20ADR5 Competitors by Market Cap
The table below lists competitors of CATHAY PAC.AIRW.HD-20ADR5 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sibanye Gold Ltd ADR
NYSE:SBSW
|
$8.96 Billion |
|
Embraer S.A
F:EMY
|
$8.97 Billion |
|
Shandong Nanshan Aluminium Co Ltd
SHG:600219
|
$8.97 Billion |
|
NKT A/S
CO:NKT
|
$8.99 Billion |
|
Komercni Banka A.S.
PR:KOMB
|
$8.95 Billion |
|
Range Resources Corp
NYSE:RRC
|
$8.94 Billion |
|
MaxLinear Inc
NASDAQ:MXL
|
$8.94 Billion |
|
L E Lundbergföretagen AB (publ)
ST:LUND-B
|
$8.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CATHAY PAC.AIRW.HD-20ADR5's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 52,500,000,000 to 60,110,000,000, a change of 7,610,000,000 (14.5%).
- Net income of 10,828,000,000 contributed positively to equity growth.
- Dividend payments of 4,491,000,000 reduced retained earnings.
- Other factors increased equity by 1,273,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €10.83 Billion | +18.01% |
| Dividends Paid | €4.49 Billion | -7.47% |
| Other Changes | €1.27 Billion | +2.12% |
| Total Change | €- | 14.50% |
Book Value vs Market Value Analysis
This analysis compares CATHAY PAC.AIRW.HD-20ADR5'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: 0.67x
- 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 0.53x to 0.67x 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 | €11.22 | €5.95 | x |
| 2022-12-31 | €9.91 | €5.95 | x |
| 2023-12-31 | €9.32 | €5.95 | x |
| 2024-12-31 | €8.15 | €5.95 | x |
| 2025-12-31 | €8.94 | €5.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CATHAY PAC.AIRW.HD-20ADR5 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): 18.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.27%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.95x
- Recent ROE (18.01%) is above the historical average (7.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -7.65% | -12.12% | 0.23x | 2.72x | €-12.75 Billion |
| 2022 | -10.38% | -12.98% | 0.28x | 2.84x | €-13.00 Billion |
| 2023 | 16.31% | 10.36% | 0.54x | 2.90x | €3.79 Billion |
| 2024 | 18.83% | 9.47% | 0.61x | 3.26x | €4.64 Billion |
| 2025 | 18.01% | 9.27% | 0.66x | 2.95x | €4.82 Billion |
Industry Comparison
This section compares CATHAY PAC.AIRW.HD-20ADR5's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $25,824,754,815
- Average return on equity (ROE) among peers: 31.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CATHAY PAC.AIRW.HD-20ADR5 (CTYA) | €60.12 Billion | -7.65% | 1.95x | $8.96 Billion |
| Controladora Vuela Compañía de Aviación S.A.B. de C.V (2CDA) | $365.00 Million | 34.62% | 14.62x | $741.53 Million |
| Asia Aviation Public Company Limited (55AA) | $27.69 Billion | -1.71% | 1.27x | $327.67 Million |
| Bangkok Airways Public Company Limited (8BA) | $31.99 Billion | 5.53% | 0.88x | $4.39K |
| Air China Limited (AD2) | $66.60 Billion | 10.17% | 2.21x | $3.05 Billion |
| AIR CHINA LTD H ADR/20 (AD2B) | $40.95 Billion | -0.58% | 7.44x | $3.01 Billion |
| Copa Holdings S.A (C2H) | $2.78 Billion | 24.20% | 1.37x | $4.11 Billion |
| China Eastern Airlines Corporation Limited (CIAH) | $58.78 Billion | 10.79% | 2.91x | $2.36 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) | $500.00 Million | 186.80% | 67.98x | $2.84 Billion |
About CATHAY PAC.AIRW.HD-20ADR5
Cathay Pacific Airways Limited, together with its subsidiaries, offers international passenger and air cargo transportation services. The company provides airline operations, including catering, cargo terminal operations, ground handling services, and commercial laundry operations, as well as scheduled services. The company operates in the Americas, Europe, Southeast Asia and Oceania, North Asia,… Read more