Icelandair Group hf
Icelandair Group hf., together with its subsidiaries, operates in the airline industry in Iceland, North America, Europe, and internationally. It operates through Route Network, Cargo Operation, and Leasing Operations segments. The company offers passenger air travel; airfreight, cargo, and logistics services; and aircraft leasing and consulting services to international passenger airlines and to… Read more
Icelandair Group hf (ICEAIR) - Net Assets
Latest net assets as of June 2025: Ikr283.28 Million ISK
Based on the latest financial reports, Icelandair Group hf (ICEAIR) has net assets worth Ikr283.28 Million ISK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Ikr2.06 Billion) and total liabilities (Ikr1.77 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 | Ikr283.28 Million |
| % of Total Assets | 13.77% |
| Annual Growth Rate | -20.15% |
| 5-Year Change | 15.57% |
| 10-Year Change | -41.06% |
| Growth Volatility | 38.15 |
Icelandair Group hf - Net Assets Trend (2005–2024)
This chart illustrates how Icelandair Group hf's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Icelandair Group hf (2005–2024)
The table below shows the annual net assets of Icelandair Group hf from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Ikr269.07 Million | -6.69% |
| 2023-12-31 | Ikr288.35 Million | +5.47% |
| 2022-12-31 | Ikr273.39 Million | +22.93% |
| 2021-12-31 | Ikr222.38 Million | -4.48% |
| 2020-12-31 | Ikr232.81 Million | -51.75% |
| 2019-12-31 | Ikr482.48 Million | +2.35% |
| 2018-12-31 | Ikr471.38 Million | -20.31% |
| 2017-12-31 | Ikr591.53 Million | +4.10% |
| 2016-12-31 | Ikr568.21 Million | +24.46% |
| 2015-12-31 | Ikr456.53 Million | +25.06% |
| 2014-12-31 | Ikr365.05 Million | +5.48% |
| 2013-12-31 | Ikr346.08 Million | +16.95% |
| 2012-12-31 | Ikr295.93 Million | -99.08% |
| 2011-12-31 | Ikr32.29 Billion | +13.69% |
| 2010-12-31 | Ikr28.40 Billion | +94.47% |
| 2009-12-31 | Ikr14.61 Billion | -27.27% |
| 2008-12-31 | Ikr20.08 Billion | -19.79% |
| 2007-12-31 | Ikr25.03 Billion | +29.37% |
| 2005-12-31 | Ikr19.35 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Icelandair Group hf'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 8078000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Ikr348.18 Million | 130.21% |
| Total Equity | Ikr267.40 Million | 100.00% |
Icelandair Group hf Competitors by Market Cap
The table below lists competitors of Icelandair Group hf ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alfen Beheer BV
AS:ALFEN
|
$184.91 Million |
|
455900
KQ:455900
|
$184.91 Million |
|
Beijing Tianma Intelligent Control Technology Co. Ltd. A
SHG:688570
|
$184.98 Million |
|
Dropsuite Ltd
AU:DSE
|
$185.00 Million |
|
SVEDBERGS DALS. B SK 125
F:Q49
|
$184.87 Million |
|
Medeon Biodesign
TWO:6499
|
$184.81 Million |
|
LINKBANCORP Inc
NASDAQ:LNKB
|
$184.72 Million |
|
Jiangsu Tianmu Lake Tourism Co Ltd
SHG:603136
|
$184.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Icelandair Group hf's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 287,070,000 to 267,399,000, a change of -19,671,000 (-6.9%).
- Net loss of 20,560,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Ikr-20.56 Million | -7.69% |
| Other Changes | Ikr889.00K | +0.33% |
| Total Change | Ikr- | -6.85% |
Book Value vs Market Value Analysis
This analysis compares Icelandair Group hf'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: 119.95x
- 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 32.12x to 119.95x 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 | Ikr0.02 | Ikr0.78 | x |
| 2018-12-31 | Ikr0.02 | Ikr0.78 | x |
| 2019-12-31 | Ikr0.02 | Ikr0.78 | x |
| 2020-12-31 | Ikr0.01 | Ikr0.78 | x |
| 2021-12-31 | Ikr0.01 | Ikr0.78 | x |
| 2022-12-31 | Ikr0.01 | Ikr0.78 | x |
| 2023-12-31 | Ikr0.01 | Ikr0.78 | x |
| 2024-12-31 | Ikr0.01 | Ikr0.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Icelandair Group hf 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): -7.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.31%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 6.13x
- Recent ROE (-7.69%) is below the historical average (-6.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 1.00% | 0.47% | 0.80x | 2.67x | Ikr-2.25 Billion |
| 2010 | 18.07% | 6.93% | 0.88x | 2.97x | Ikr2.29 Billion |
| 2011 | 12.66% | 5.17% | 0.88x | 2.77x | Ikr856.80 Million |
| 2012 | 14.98% | 6.11% | 0.95x | 2.58x | Ikr14.73 Million |
| 2013 | 16.30% | 6.87% | 0.99x | 2.41x | Ikr21.80 Million |
| 2014 | 17.66% | 7.27% | 1.04x | 2.33x | Ikr27.95 Million |
| 2015 | 24.39% | 9.78% | 1.17x | 2.13x | Ikr65.68 Million |
| 2016 | 15.64% | 6.91% | 0.99x | 2.28x | Ikr32.04 Million |
| 2017 | 6.34% | 2.64% | 1.00x | 2.40x | Ikr-21.58 Million |
| 2018 | -11.88% | -3.71% | 1.03x | 3.12x | Ikr-102.80 Million |
| 2019 | -11.52% | -3.71% | 0.90x | 3.47x | Ikr-103.98 Million |
| 2020 | -156.29% | -86.11% | 0.41x | 4.41x | Ikr-390.02 Million |
| 2021 | -46.43% | -18.09% | 0.49x | 5.22x | Ikr-126.76 Million |
| 2022 | -3.10% | -0.67% | 0.89x | 5.18x | Ikr-35.71 Million |
| 2023 | 3.74% | 0.70% | 1.00x | 5.32x | Ikr-17.98 Million |
| 2024 | -7.69% | -1.31% | 0.96x | 6.13x | Ikr-47.30 Million |
Industry Comparison
This section compares Icelandair Group hf's net assets metrics with peer companies in the Airlines industry.
No peer company data available for comparison.