China Aviation Oil (Singapore) Corporation Ltd
China Aviation Oil (Singapore) Corporation Ltd trades in and supplies jet fuel to civil aviation industry worldwide. It operates through three segments: Middle Distillates, Other Oil Products, and Investments in Oil-Related Assets. The company offers gas oil, fuel oil, crude oil, gasoline, and naphtha products. It also invests in oil-related assets. The company was incorporated in 1993 and is hea… Read more
China Aviation Oil (Singapore) Corporation Ltd (VZ8) - Net Assets
Latest net assets as of June 2025: €1.02 Billion EUR
Based on the latest financial reports, China Aviation Oil (Singapore) Corporation Ltd (VZ8) has net assets worth €1.02 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.21 Billion) and total liabilities (€1.19 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 | €1.02 Billion |
| % of Total Assets | 46.22% |
| Annual Growth Rate | 5.96% |
| 5-Year Change | 12.89% |
| 10-Year Change | 67.04% |
| Growth Volatility | 2.94 |
China Aviation Oil (Singapore) Corporation Ltd - Net Assets Trend (2013–2024)
This chart illustrates how China Aviation Oil (Singapore) Corporation Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Aviation Oil (Singapore) Corporation Ltd (2013–2024)
The table below shows the annual net assets of China Aviation Oil (Singapore) Corporation Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €989.95 Million | +3.95% |
| 2023-12-31 | €952.35 Million | +4.95% |
| 2022-12-31 | €907.41 Million | +0.67% |
| 2021-12-31 | €901.37 Million | +2.79% |
| 2020-12-31 | €876.88 Million | +5.02% |
| 2019-12-31 | €834.96 Million | +8.56% |
| 2018-12-31 | €769.14 Million | +6.30% |
| 2017-12-31 | €723.58 Million | +11.37% |
| 2016-12-31 | €649.68 Million | +9.63% |
| 2015-12-31 | €592.64 Million | +7.07% |
| 2014-12-31 | €553.51 Million | +5.72% |
| 2013-12-31 | €523.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Aviation Oil (Singapore) Corporation Ltd'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 168.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €756.21 Million | 76.67% |
| Other Components | €230.06 Million | 23.33% |
| Total Equity | €986.27 Million | 100.00% |
China Aviation Oil (Singapore) Corporation Ltd Competitors by Market Cap
The table below lists competitors of China Aviation Oil (Singapore) Corporation Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Theravance Biopharma Inc
NASDAQ:TBPH
|
$315.26 Million |
|
Guangdong Lyric Robot Automation Co Ltd
SHG:688499
|
$315.37 Million |
|
Cembre S.p.A.
F:J0L
|
$315.46 Million |
|
Shoei Co Ltd
PINK:SHOFF
|
$315.56 Million |
|
POTBELLY - Frankfurt Stock Exchang
F:PTB
|
$315.15 Million |
|
Fulgent Genetics Inc
NASDAQ:FLGT
|
$315.12 Million |
|
YIFILASER ORD A (SHH) EQSW Exp:
SHG:688646
|
$315.09 Million |
|
Henan Dayou Energy Co Ltd
SHG:600403
|
$315.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Aviation Oil (Singapore) Corporation Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 948,400,000 to 986,270,000, a change of 37,870,000 (4.0%).
- Net income of 78,357,000 contributed positively to equity growth.
- Dividend payments of 31,928,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €78.36 Million | +7.94% |
| Dividends Paid | €31.93 Million | -3.24% |
| Other Changes | €-8.56 Million | -0.87% |
| Total Change | €- | 3.99% |
Book Value vs Market Value Analysis
This analysis compares China Aviation Oil (Singapore) Corporation Ltd'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: 1.13x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.55x to 1.13x 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 | €0.84 | €1.30 | x |
| 2018-12-31 | €0.89 | €1.30 | x |
| 2019-12-31 | €0.97 | €1.30 | x |
| 2020-12-31 | €1.02 | €1.30 | x |
| 2021-12-31 | €1.05 | €1.30 | x |
| 2022-12-31 | €1.05 | €1.30 | x |
| 2023-12-31 | €1.10 | €1.30 | x |
| 2024-12-31 | €1.15 | €1.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Aviation Oil (Singapore) Corporation Ltd 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): 7.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.50%
- • Asset Turnover: 7.79x
- • Equity Multiplier: 2.02x
- Recent ROE (7.94%) is below the historical average (9.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 13.41% | 0.45% | 9.05x | 3.29x | €17.86 Million |
| 2014 | 8.88% | 0.29% | 12.37x | 2.49x | €-6.19 Million |
| 2015 | 10.34% | 0.68% | 10.63x | 1.43x | €2.02 Million |
| 2016 | 13.68% | 0.76% | 8.71x | 2.07x | €23.94 Million |
| 2017 | 11.79% | 0.52% | 8.51x | 2.64x | €12.97 Million |
| 2018 | 12.20% | 0.46% | 12.47x | 2.15x | €16.94 Million |
| 2019 | 11.96% | 0.49% | 10.86x | 2.24x | €16.33 Million |
| 2020 | 6.41% | 0.53% | 5.57x | 2.15x | €-31.49 Million |
| 2021 | 4.48% | 0.23% | 11.48x | 1.70x | €-49.79 Million |
| 2022 | 3.71% | 0.20% | 10.98x | 1.66x | €-56.77 Million |
| 2023 | 6.21% | 0.41% | 8.07x | 1.88x | €-35.98 Million |
| 2024 | 7.94% | 0.50% | 7.79x | 2.02x | €-20.27 Million |
Industry Comparison
This section compares China Aviation Oil (Singapore) Corporation Ltd's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $1,296,165,401,429
- Average return on equity (ROE) among peers: 13.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Aviation Oil (Singapore) Corporation Ltd (VZ8) | €1.02 Billion | 13.41% | 1.16x | $315.20 Million |
| RUBIS (BYN) | $2.76 Billion | 12.80% | 1.30x | $540.31 Million |
| Ampol Limited (CLZ) | $3.11 Billion | 19.92% | 1.04x | $4.14 Billion |
| Delek US Holdings Inc (DEH) | $1.81 Billion | 18.81% | 2.19x | $1.94 Billion |
| Esso Thailand PCL (JAV) | $25.83 Billion | 8.61% | 1.39x | $461.82 Million |
| Strong Petrochemical Holdings Limited (K20A) | $1.44 Billion | 0.43% | 0.13x | $6.24 Million |
| AKR CORPORINDO (RK6A.SG) (RK6A) | $9.03 Trillion | 13.31% | 0.86x | $191.99 Million |
| Ultrapar Participações S.A (UGR) | $8.56 Billion | 18.25% | 1.82x | $2.86 Billion |