Ryanair Holdings plc (RYA) - Net Assets
Based on the latest financial reports, Ryanair Holdings plc (RYA) has net assets worth €8.97 Billion EUR as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€16.39 Billion) and total liabilities (€7.42 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 | €8.97 Billion |
| % of Total Assets | 54.73% |
| Annual Growth Rate | 19.49% |
| 5-Year Change | 51.44% |
| 10-Year Change | 95.64% |
| Growth Volatility | 601.23 |
Ryanair Holdings plc - Net Assets Trend (1996–2025)
This chart illustrates how Ryanair Holdings plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ryanair Holdings plc (1996–2025)
The table below shows the annual net assets of Ryanair Holdings plc from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €7.04 Billion | -7.58% |
| 2024-03-31 | €7.61 Billion | +34.93% |
| 2023-03-31 | €5.64 Billion | +1.76% |
| 2022-03-31 | €5.55 Billion | +19.34% |
| 2021-03-31 | €4.65 Billion | -6.48% |
| 2020-03-31 | €4.97 Billion | -4.73% |
| 2019-03-31 | €5.21 Billion | +16.69% |
| 2018-03-31 | €4.47 Billion | +1.04% |
| 2017-03-31 | €4.42 Billion | +22.97% |
| 2016-03-31 | €3.60 Billion | -10.86% |
| 2015-03-31 | €4.04 Billion | +22.80% |
| 2014-03-31 | €3.29 Billion | +0.40% |
| 2013-03-31 | €3.27 Billion | -1.07% |
| 2012-03-31 | €3.31 Billion | +11.99% |
| 2011-03-31 | €2.95 Billion | +3.70% |
| 2010-03-31 | €2.85 Billion | +17.47% |
| 2009-03-31 | €2.43 Billion | -3.08% |
| 2008-03-31 | €2.50 Billion | -1.48% |
| 2007-03-31 | €2.54 Billion | +27.50% |
| 2006-03-31 | €1.99 Billion | +15.32% |
| 2005-03-31 | €1.73 Billion | +18.70% |
| 2004-03-31 | €1.46 Billion | +17.20% |
| 2003-03-31 | €1.24 Billion | +23.89% |
| 2002-03-31 | €1.00 Billion | +49.62% |
| 2001-03-31 | €669.90 Million | +51.78% |
| 2000-03-31 | €441.36 Million | +75.86% |
| 1999-03-31 | €250.96 Million | +88.03% |
| 1998-03-31 | €133.47 Million | +3304.90% |
| 1997-03-31 | €3.92 Million | -90.27% |
| 1996-03-31 | €40.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ryanair Holdings plc'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 24740.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €5.59 Billion | 79.42% |
| Other Components | €1.45 Billion | 20.58% |
| Total Equity | €7.04 Billion | 100.00% |
Ryanair Holdings plc Competitors by Market Cap
The table below lists competitors of Ryanair Holdings plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HOCHTIEF Aktiengesellschaft
F:HOT
|
$28.00 Billion |
|
Shennan Circuits Co Ltd Class A
SHE:002916
|
$28.21 Billion |
|
Steel Dynamics Inc
NASDAQ:STLD
|
$28.22 Billion |
|
Trip.com Group Limited
F:CLV
|
$28.24 Billion |
|
Dover Corporation
NYSE:DOV
|
$27.95 Billion |
|
Zijin Mining Group Company Limited
F:FJZ
|
$27.94 Billion |
|
Caseys General Stores Inc
NASDAQ:CASY
|
$27.89 Billion |
|
Bank Hapoalim
TA:POLI
|
$27.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ryanair Holdings plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,614,200,000 to 7,036,900,000, a change of -577,300,000 (-7.6%).
- Net income of 1,611,600,000 contributed positively to equity growth.
- Dividend payments of 437,700,000 reduced retained earnings.
- Share repurchases of 1,477,800,000 reduced equity.
- New share issuances of 4,900,000 increased equity.
- Other comprehensive income decreased equity by 303,199,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.61 Billion | +22.9% |
| Dividends Paid | €437.70 Million | -6.22% |
| Share Repurchases | €1.48 Billion | -21.0% |
| Share Issuances | €4.90 Million | +0.07% |
| Other Comprehensive Income | €-303.20 Million | -4.31% |
| Other Changes | €24.90 Million | +0.35% |
| Total Change | €- | -7.58% |
Book Value vs Market Value Analysis
This analysis compares Ryanair Holdings plc'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: 3.89x
- 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 decreased from 833.32x to 3.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-03-31 | €0.03 | €25.70 | x |
| 1997-03-31 | €0.00 | €25.70 | x |
| 1998-03-31 | €0.09 | €25.70 | x |
| 1999-03-31 | €0.19 | €25.70 | x |
| 2000-03-31 | €0.34 | €25.70 | x |
| 2001-03-31 | €0.48 | €25.70 | x |
| 2002-03-31 | €0.69 | €25.70 | x |
| 2003-03-31 | €0.83 | €25.70 | x |
| 2004-03-31 | €0.98 | €25.70 | x |
| 2005-03-31 | €1.16 | €25.70 | x |
| 2006-03-31 | €1.32 | €25.70 | x |
| 2007-03-31 | €1.67 | €25.70 | x |
| 2008-03-31 | €1.68 | €25.70 | x |
| 2009-03-31 | €1.68 | €25.70 | x |
| 2010-03-31 | €1.97 | €25.70 | x |
| 2011-03-31 | €2.03 | €25.70 | x |
| 2012-03-31 | €2.30 | €25.70 | x |
| 2013-03-31 | €2.32 | €25.70 | x |
| 2014-03-31 | €2.32 | €25.70 | x |
| 2015-03-31 | €2.98 | €25.70 | x |
| 2016-03-31 | €2.67 | €25.70 | x |
| 2017-03-31 | €3.52 | €25.70 | x |
| 2018-03-31 | €3.71 | €25.70 | x |
| 2019-03-31 | €4.66 | €25.70 | x |
| 2020-03-31 | €4.47 | €25.70 | x |
| 2021-03-31 | €4.11 | €25.70 | x |
| 2022-03-31 | €4.89 | €25.70 | x |
| 2023-03-31 | €4.95 | €25.70 | x |
| 2024-03-31 | €6.65 | €25.70 | x |
| 2025-03-31 | €6.61 | €25.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ryanair Holdings plc 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): 22.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.55%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.49x
- Recent ROE (22.90%) is below the historical average (26.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 42.12% | 12.14% | 1.23x | 2.82x | €12.94 Million |
| 1997 | 295.95% | 11.23% | 0.93x | 28.46x | €11.21 Million |
| 1998 | 27.20% | 15.66% | 1.06x | 1.64x | €22.96 Million |
| 1999 | 22.90% | 19.43% | 0.74x | 1.59x | €32.37 Million |
| 2000 | 16.43% | 19.59% | 0.52x | 1.61x | €28.38 Million |
| 2001 | 15.60% | 21.44% | 0.38x | 1.91x | €37.49 Million |
| 2002 | 15.00% | 24.10% | 0.33x | 1.89x | €50.15 Million |
| 2003 | 19.28% | 28.41% | 0.34x | 1.99x | €115.23 Million |
| 2004 | 14.20% | 19.23% | 0.37x | 2.02x | €61.08 Million |
| 2005 | 16.21% | 20.95% | 0.35x | 2.21x | €107.30 Million |
| 2006 | 15.40% | 18.12% | 0.37x | 2.33x | €107.51 Million |
| 2007 | 17.15% | 19.47% | 0.39x | 2.24x | €181.62 Million |
| 2008 | 15.61% | 14.40% | 0.43x | 2.53x | €140.48 Million |
| 2009 | -6.98% | -5.75% | 0.46x | 2.63x | €-411.68 Million |
| 2010 | 10.72% | 10.22% | 0.40x | 2.66x | €20.44 Million |
| 2011 | 12.68% | 10.32% | 0.42x | 2.91x | €79.21 Million |
| 2012 | 16.94% | 12.76% | 0.49x | 2.72x | €229.60 Million |
| 2013 | 17.40% | 11.66% | 0.55x | 2.73x | €242.04 Million |
| 2014 | 15.91% | 10.38% | 0.57x | 2.68x | €194.22 Million |
| 2015 | 21.48% | 15.33% | 0.46x | 3.02x | €463.19 Million |
| 2016 | 43.35% | 23.85% | 0.58x | 3.12x | €1.20 Billion |
| 2017 | 29.75% | 19.79% | 0.55x | 2.71x | €873.60 Million |
| 2018 | 32.45% | 20.28% | 0.58x | 2.77x | €1.00 Billion |
| 2019 | 12.44% | 7.64% | 0.64x | 2.54x | €127.21 Million |
| 2020 | -20.43% | -62.06% | 0.11x | 2.97x | €-1.51 Billion |
| 2021 | -5.18% | -5.02% | 0.39x | 2.65x | €-705.46 Million |
| 2022 | -4.34% | -5.02% | 0.32x | 2.73x | €-795.33 Million |
| 2023 | 23.28% | 12.19% | 0.66x | 2.91x | €749.50 Million |
| 2024 | 25.18% | 14.26% | 0.78x | 2.26x | €1.16 Billion |
| 2025 | 22.90% | 11.55% | 0.80x | 2.49x | €907.91 Million |
Industry Comparison
This section compares Ryanair Holdings plc's net assets metrics with peer companies in the Airlines industry.
No peer company data available for comparison.
About Ryanair Holdings plc
Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, Italy, Spain, the United Kingdom, and internationally. The company offers various ancillary services; engages in other activities connected with its air passenger service, including non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-fr… Read more