Jeju Air Co Ltd (089590) - Net Assets
Based on the latest financial reports, Jeju Air Co Ltd (089590) has net assets worth ₩275.15 Billion KRW (≈ $186.47 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 (₩2.35 Trillion ≈ $1.59 Billion USD) and total liabilities (₩2.08 Trillion ≈ $1.41 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. Also explore 089590 current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩275.15 Billion |
| % of Total Assets | 11.7% |
| Annual Growth Rate | N/A |
| 5-Year Change | 49.47% |
| 10-Year Change | 1.19% |
| Growth Volatility | 26.5 |
Jeju Air Co Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Jeju Air Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 089590 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Jeju Air Co Ltd (2009–2025)
The table below shows the annual net assets of Jeju Air Co Ltd from 2009 to 2025. For live valuation and market cap data, see Jeju Air Co Ltd (089590) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩275.15 Billion ≈ $186.47 Million |
-15.10% |
| 2024-12-31 | ₩324.07 Billion ≈ $219.62 Million |
+4.14% |
| 2023-12-31 | ₩311.20 Billion ≈ $210.90 Million |
+1.49% |
| 2022-12-31 | ₩306.62 Billion ≈ $207.79 Million |
+66.56% |
| 2021-12-31 | ₩184.09 Billion ≈ $124.75 Million |
-15.09% |
| 2020-12-31 | ₩216.81 Billion ≈ $146.93 Million |
-33.31% |
| 2019-12-31 | ₩325.12 Billion ≈ $220.33 Million |
-14.98% |
| 2018-12-31 | ₩382.41 Billion ≈ $259.15 Million |
+15.38% |
| 2017-12-31 | ₩331.42 Billion ≈ $224.60 Million |
+21.88% |
| 2016-12-31 | ₩271.93 Billion ≈ $184.28 Million |
+17.30% |
| 2015-12-31 | ₩231.82 Billion ≈ $157.10 Million |
+3476.34% |
| 2009-12-31 | ₩-6.87 Billion ≈ $-4.65 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jeju Air Co 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 6378281354500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ₩297.93 Billion | 108.28% |
| Total Equity | ₩275.15 Billion | 100.00% |
Jeju Air Co Ltd Competitors by Market Cap
The table below lists competitors of Jeju Air Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bitcoin Infrastructure Acquisition Corp Ltd. Class A Ordinary Shares
NASDAQ:BIXI
|
$227.70 Million |
|
NXG NextGen Infrastructure Income Fund
NYSE:NXG
|
$227.70 Million |
|
Treace Medical Concepts Inc
NASDAQ:TMCI
|
$227.70 Million |
|
Qingyan Environmental Technology Co. Ltd.
SHE:301288
|
$227.75 Million |
|
Autosports Group Ltd
AU:ASG
|
$227.61 Million |
|
Flexsteel Industries Inc
NASDAQ:FLXS
|
$227.58 Million |
|
Somany Ceramics Limited
NSE:SOMANYCERA
|
$227.53 Million |
|
Kenmare Resources PLC
IR:KMR
|
$227.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jeju Air Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 324,073,130,470 to 275,152,877,290, a change of -48,920,253,180 (-15.1%).
- Net loss of 116,400,560,740 reduced equity.
- Dividend payments of 2,574,957,030 reduced retained earnings.
- Other factors increased equity by 70,055,264,590.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩-116.40 Billion | -42.3% |
| Dividends Paid | ₩2.57 Billion | -0.94% |
| Other Changes | ₩70.06 Billion | +25.46% |
| Total Change | ₩- | -15.10% |
Book Value vs Market Value Analysis
This analysis compares Jeju Air Co 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: 1.22x
- 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 0.36x to 1.22x 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 | ₩11562.23 | ₩4170.00 | x |
| 2018-12-31 | ₩13297.17 | ₩4170.00 | x |
| 2019-12-31 | ₩11310.83 | ₩4170.00 | x |
| 2020-12-31 | ₩5641.77 | ₩4170.00 | x |
| 2021-12-31 | ₩3704.76 | ₩4170.00 | x |
| 2022-12-31 | ₩3986.02 | ₩4170.00 | x |
| 2023-12-31 | ₩3862.46 | ₩4170.00 | x |
| 2024-12-31 | ₩4022.20 | ₩4170.00 | x |
| 2025-12-31 | ₩3415.03 | ₩4170.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jeju Air Co 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): -42.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.37%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 8.54x
- Recent ROE (-42.30%) is below the historical average (-22.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | -37.99% | 0.75x | 0.00x | ₩-32.67 Billion |
| 2015 | 20.34% | 7.76% | 1.27x | 2.06x | ₩23.98 Billion |
| 2016 | 19.48% | 7.09% | 1.25x | 2.21x | ₩25.78 Billion |
| 2017 | 23.47% | 7.81% | 1.24x | 2.42x | ₩44.65 Billion |
| 2018 | 18.53% | 5.63% | 1.22x | 2.70x | ₩32.64 Billion |
| 2019 | -10.19% | -2.39% | 0.94x | 4.51x | ₩-65.63 Billion |
| 2020 | -141.36% | -81.28% | 0.32x | 5.39x | ₩-328.16 Billion |
| 2021 | -147.91% | -99.71% | 0.22x | 6.88x | ₩-290.69 Billion |
| 2022 | -56.70% | -24.75% | 0.42x | 5.43x | ₩-204.53 Billion |
| 2023 | 43.16% | 7.79% | 0.87x | 6.37x | ₩103.21 Billion |
| 2024 | 6.71% | 1.12% | 0.97x | 6.17x | ₩-10.67 Billion |
| 2025 | -42.30% | -7.37% | 0.67x | 8.54x | ₩-143.92 Billion |
Industry Comparison
This section compares Jeju Air Co Ltd's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $2,295,979,476,908
- Average return on equity (ROE) among peers: -7.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jeju Air Co Ltd (089590) | ₩275.15 Billion | 0.00% | 7.54x | $227.69 Million |
| Korean Air Lines Co (003490) | $2.89 Trillion | -7.12% | 7.83x | $6.33 Billion |
| Korean Air Lines Co Ltd (003495) | $9.29 Trillion | 18.60% | 2.12x | $16.64 Million |
| Asiana Airline (020560) | $1.09 Trillion | -36.70% | 11.72x | $964.23 Million |
| T'way Air Co Ltd (091810) | $157.14 Billion | 63.08% | 7.17x | $135.93 Million |
| Jin Air Co Ltd (272450) | $231.80 Billion | 31.96% | 1.15x | $173.92 Million |
| Air Busan Co Ltd (298690) | $110.27 Billion | -116.51% | 8.38x | $112.98 Million |
About Jeju Air Co Ltd
Jeju Air Co., Ltd., together with its subsidiaries, provides airline services. The company offers domestic and international passenger and cargo transportation, hotel accommodation, ground handling, air transport support, and other related services. It is also involved in real estate investment business. The company was founded in 2005 and is headquartered in Jeju-si, South Korea. Jeju Air Co., L… Read more