Finnair Oyj (FIA1S) - Net Assets
Based on the latest financial reports, Finnair Oyj (FIA1S) has net assets worth €636.70 Million EUR (≈ $744.37 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.69 Billion ≈ $4.31 Billion USD) and total liabilities (€3.05 Billion ≈ $3.57 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 FIA1S intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €636.70 Million |
| % of Total Assets | 17.27% |
| Annual Growth Rate | 0.38% |
| 5-Year Change | 33.84% |
| 10-Year Change | -25.71% |
| Growth Volatility | 21.88 |
Finnair Oyj - Net Assets Trend (1999–2025)
This chart illustrates how Finnair Oyj's net assets have evolved over time, based on quarterly financial data. See how many days can Finnair Oyj fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Finnair Oyj (1999–2025)
The table below shows the annual net assets of Finnair Oyj from 1999 to 2025. For live valuation and market cap data, see market cap of Finnair Oyj.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €636.70 Million ≈ $744.37 Million |
+1.53% |
| 2024-12-31 | €627.10 Million ≈ $733.15 Million |
+8.68% |
| 2023-12-31 | €577.00 Million ≈ $674.57 Million |
+40.53% |
| 2022-12-31 | €410.60 Million ≈ $480.03 Million |
-13.69% |
| 2021-12-31 | €475.70 Million ≈ $556.14 Million |
-46.94% |
| 2020-12-31 | €896.60 Million ≈ $1.05 Billion |
-7.22% |
| 2019-12-31 | €966.40 Million ≈ $1.13 Billion |
-5.41% |
| 2018-12-31 | €1.02 Billion ≈ $1.19 Billion |
+0.59% |
| 2017-12-31 | €1.02 Billion ≈ $1.19 Billion |
+18.52% |
| 2016-12-31 | €857.00 Million ≈ $1.00 Billion |
+17.80% |
| 2015-12-31 | €727.50 Million ≈ $850.52 Million |
+41.45% |
| 2014-12-31 | €514.30 Million ≈ $601.27 Million |
-25.66% |
| 2013-12-31 | €691.80 Million ≈ $808.79 Million |
-12.03% |
| 2012-12-31 | €786.40 Million ≈ $919.38 Million |
+4.50% |
| 2011-12-31 | €752.50 Million ≈ $879.75 Million |
-11.81% |
| 2010-12-31 | €853.30 Million ≈ $997.60 Million |
-0.02% |
| 2009-12-31 | €853.50 Million ≈ $997.83 Million |
+10.44% |
| 2008-12-31 | €772.80 Million ≈ $903.48 Million |
-21.70% |
| 2007-12-31 | €987.00 Million ≈ $1.15 Billion |
+64.09% |
| 2006-12-31 | €601.50 Million ≈ $703.22 Million |
-10.76% |
| 2005-12-31 | €674.00 Million ≈ $787.98 Million |
+8.99% |
| 2004-12-31 | €618.40 Million ≈ $722.97 Million |
-0.37% |
| 2003-12-31 | €620.70 Million ≈ $725.66 Million |
-4.40% |
| 2002-12-31 | €649.30 Million ≈ $759.10 Million |
+6.01% |
| 2001-12-31 | €612.50 Million ≈ $716.08 Million |
-5.02% |
| 2000-12-31 | €644.90 Million ≈ $753.96 Million |
+11.65% |
| 1999-12-31 | €577.60 Million ≈ $675.28 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Finnair Oyj'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 96.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €561.30 Million | 88.16% |
| Common Stock | €75.40 Million | 11.84% |
| Total Equity | €636.70 Million | 100.00% |
Finnair Oyj Competitors by Market Cap
The table below lists competitors of Finnair Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Unusual Machines, Inc.
NYSE MKT:UMAC
|
$733.06 Million |
|
Volaris
NYSE:VLRS
|
$733.06 Million |
|
Quest Holdings S.A
AT:QUEST
|
$733.19 Million |
|
Isgec Heavy Engineering Limited
NSE:ISGEC
|
$733.29 Million |
|
Jiangsu Yida Chemical Co Ltd Class A
SHE:300721
|
$732.59 Million |
|
Nanjing Develop Advanced Manufacturing Co Ltd
SHG:688377
|
$732.57 Million |
|
Kerjaya Prospek Group Bhd
KLSE:7161
|
$732.37 Million |
|
Harim Holdings Co. Ltd
KQ:003380
|
$732.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Finnair Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 627,100,000 to 636,700,000, a change of 9,600,000 (1.5%).
- Net income of 18,400,000 contributed positively to equity growth.
- Share repurchases of 22,500,000 reduced equity.
- Other comprehensive income decreased equity by 1,554,900,000.
- Other factors increased equity by 1,568,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €18.40 Million | +2.89% |
| Share Repurchases | €22.50 Million | -3.53% |
| Other Comprehensive Income | €-1.55 Billion | -244.21% |
| Other Changes | €1.57 Billion | +246.36% |
| Total Change | €- | 1.53% |
Book Value vs Market Value Analysis
This analysis compares Finnair Oyj'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: 1.58x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.23x to 1.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €21.44 | €4.93 | x |
| 2003-12-31 | €20.47 | €4.93 | x |
| 2004-12-31 | €20.40 | €4.93 | x |
| 2005-12-31 | €21.68 | €4.93 | x |
| 2006-12-31 | €17.41 | €4.93 | x |
| 2007-12-31 | €31.07 | €4.93 | x |
| 2008-12-31 | €18.64 | €4.93 | x |
| 2009-12-31 | €20.57 | €4.93 | x |
| 2010-12-31 | €20.63 | €4.93 | x |
| 2011-12-31 | €18.17 | €4.93 | x |
| 2012-12-31 | €18.96 | €4.93 | x |
| 2013-12-31 | €16.69 | €4.93 | x |
| 2014-12-31 | €12.44 | €4.93 | x |
| 2015-12-31 | €17.60 | €4.93 | x |
| 2016-12-31 | €20.81 | €4.93 | x |
| 2017-12-31 | €1.47 | €4.93 | x |
| 2018-12-31 | €1.47 | €4.93 | x |
| 2019-12-31 | €1.40 | €4.93 | x |
| 2020-12-31 | €14.31 | €4.93 | x |
| 2021-12-31 | €5.68 | €4.93 | x |
| 2022-12-31 | €4.90 | €4.93 | x |
| 2023-12-31 | €5.99 | €4.93 | x |
| 2024-12-31 | €3.02 | €4.93 | x |
| 2025-12-31 | €3.11 | €4.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Finnair Oyj 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): 2.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.59%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 5.79x
- Recent ROE (2.89%) is above the historical average (-6.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 13.77% | 7.04% | 0.82x | 2.39x | €24.27 Million |
| 2001 | 1.16% | 0.44% | 1.08x | 2.47x | €-54.07 Million |
| 2002 | 5.68% | 2.22% | 1.12x | 2.29x | €-27.95 Million |
| 2003 | -2.62% | -1.04% | 1.10x | 2.29x | €-78.03 Million |
| 2004 | 1.92% | 0.69% | 1.15x | 2.40x | €-49.80 Million |
| 2005 | 9.13% | 3.28% | 1.14x | 2.44x | €-5.84 Million |
| 2006 | -2.27% | -0.68% | 1.20x | 2.77x | €-73.59 Million |
| 2007 | 10.31% | 4.66% | 1.02x | 2.18x | €3.07 Million |
| 2008 | -5.42% | -1.85% | 1.09x | 2.69x | €-118.97 Million |
| 2009 | -11.95% | -5.54% | 0.75x | 2.87x | €-187.16 Million |
| 2010 | -2.67% | -1.13% | 0.84x | 2.83x | €-108.05 Million |
| 2011 | -11.64% | -3.88% | 0.96x | 3.14x | €-162.68 Million |
| 2012 | 1.46% | 0.47% | 1.09x | 2.85x | €-67.05 Million |
| 2013 | 1.56% | 0.45% | 1.09x | 3.18x | €-58.38 Million |
| 2014 | -16.08% | -3.62% | 1.21x | 3.67x | €-134.13 Million |
| 2015 | 12.29% | 3.85% | 1.13x | 2.82x | €16.65 Million |
| 2016 | 9.93% | 3.67% | 0.92x | 2.95x | €-600.00K |
| 2017 | 16.68% | 6.60% | 0.89x | 2.84x | €67.83 Million |
| 2018 | 14.75% | 5.32% | 0.96x | 2.88x | €48.53 Million |
| 2019 | 7.71% | 2.41% | 0.80x | 4.01x | €-22.14 Million |
| 2020 | -58.36% | -63.11% | 0.23x | 4.07x | €-612.96 Million |
| 2021 | -97.60% | -55.38% | 0.21x | 8.51x | €-511.87 Million |
| 2022 | -115.95% | -20.20% | 0.57x | 10.07x | €-517.16 Million |
| 2023 | 44.07% | 8.51% | 0.81x | 6.41x | €196.60 Million |
| 2024 | 5.90% | 1.21% | 0.82x | 5.93x | €-25.71 Million |
| 2025 | 2.89% | 0.59% | 0.84x | 5.79x | €-45.27 Million |
Industry Comparison
This section compares Finnair Oyj's net assets metrics with peer companies in the Airlines industry.
No peer company data available for comparison.
About Finnair Oyj
Finnair Oyj operates in the airline business in North Atlantic, Asia, Europe, Middle East, and internationally. The company offers Finnair and oneworld global network, passenger and cargo traffic, ancillary services, package tours under the Aurinkomatkat-Suntours brand name, and other travel products; and support services comprising catering, aircraft maintenance, ground handling, and airline tra… Read more