Jet2 PLC (JET2) - Net Assets
Based on the latest financial reports, Jet2 PLC (JET2) has net assets worth GBX2.06 Billion GBX (≈ $250.81K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX6.27 Billion ≈ $763.43K USD) and total liabilities (GBX4.21 Billion ≈ $512.61K 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 how tangible is Jet2 PLC's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX2.06 Billion |
| % of Total Assets | 32.85% |
| Annual Growth Rate | 20.86% |
| 5-Year Change | 67.16% |
| 10-Year Change | 405.74% |
| Growth Volatility | 25.04 |
Jet2 PLC - Net Assets Trend (1988–2025)
This chart illustrates how Jet2 PLC's net assets have evolved over time, based on quarterly financial data. See Jet2 PLC (JET2) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jet2 PLC (1988–2025)
The table below shows the annual net assets of Jet2 PLC from 1988 to 2025. For live valuation and market cap data, see market value of Jet2 PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX1.61 Billion ≈ $196.11K |
+14.40% |
| 2024-03-31 | GBX1.41 Billion ≈ $171.42K |
+39.16% |
| 2023-03-31 | GBX1.01 Billion ≈ $123.18K |
+12.92% |
| 2022-03-31 | GBX896.60 Million ≈ $109.09K |
-7.01% |
| 2021-03-31 | GBX964.20 Million ≈ $117.32K |
+52.06% |
| 2020-03-31 | GBX634.10 Million ≈ $77.15K |
+6.50% |
| 2019-03-31 | GBX595.40 Million ≈ $72.44K |
+12.57% |
| 2018-03-31 | GBX528.90 Million ≈ $64.35K |
+22.60% |
| 2017-03-31 | GBX431.40 Million ≈ $52.49K |
+35.36% |
| 2016-03-31 | GBX318.70 Million ≈ $38.78K |
+102.74% |
| 2015-03-31 | GBX157.20 Million ≈ $19.13K |
-13.44% |
| 2014-03-31 | GBX181.60 Million ≈ $22.10K |
-2.68% |
| 2013-03-31 | GBX186.60 Million ≈ $22.70K |
+17.43% |
| 2012-03-31 | GBX158.90 Million ≈ $19.33K |
+7.44% |
| 2011-03-31 | GBX147.90 Million ≈ $18.00K |
+28.05% |
| 2010-03-31 | GBX115.50 Million ≈ $14.05K |
+23.66% |
| 2009-03-31 | GBX93.40 Million ≈ $11.36K |
+25.54% |
| 2008-03-31 | GBX74.40 Million ≈ $9.05K |
+26.10% |
| 2007-03-31 | GBX59.00 Million ≈ $7.18K |
-0.51% |
| 2006-03-31 | GBX59.30 Million ≈ $7.22K |
+18.84% |
| 2005-03-31 | GBX49.90 Million ≈ $6.07K |
+11.72% |
| 2004-03-31 | GBX44.67 Million ≈ $5.43K |
+20.25% |
| 2003-03-31 | GBX37.14 Million ≈ $4.52K |
+8.30% |
| 2002-03-31 | GBX34.30 Million ≈ $4.17K |
+14.37% |
| 2001-03-31 | GBX29.99 Million ≈ $3.65K |
+16.46% |
| 2000-03-31 | GBX25.75 Million ≈ $3.13K |
+31.57% |
| 1999-03-31 | GBX19.57 Million ≈ $2.38K |
+16.77% |
| 1998-03-31 | GBX16.76 Million ≈ $2.04K |
+16.92% |
| 1997-03-31 | GBX14.33 Million ≈ $1.74K |
+16.66% |
| 1996-03-31 | GBX12.29 Million ≈ $1.49K |
+17.60% |
| 1995-03-31 | GBX10.45 Million ≈ $1.27K |
+8.88% |
| 1994-03-31 | GBX9.60 Million ≈ $1.17K |
+13.01% |
| 1993-03-31 | GBX8.49 Million ≈ $1.03K |
+4.54% |
| 1992-03-31 | GBX8.12 Million ≈ $988.21 |
+84.93% |
| 1991-03-31 | GBX4.39 Million ≈ $534.38 |
+23.23% |
| 1990-03-31 | GBX3.56 Million ≈ $433.64 |
+22.01% |
| 1989-03-31 | GBX2.92 Million ≈ $355.40 |
+101.03% |
| 1988-03-31 | GBX1.45 Million ≈ $176.79 |
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Equity Component Analysis
This analysis shows how different components contribute to Jet2 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 122866.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX1.79 Billion | 110.85% |
| Common Stock | GBX2.70 Million | 0.17% |
| Total Equity | GBX1.61 Billion | 100.00% |
Jet2 PLC Competitors by Market Cap
The table below lists competitors of Jet2 PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aztec Minerals Corp
V:AZT
|
$30.06 Million |
|
Shenzhen Zhongheng Huafa Co Ltd Class B
SHE:200020
|
$30.08 Million |
|
US Global Investors Inc
NASDAQ:GROW
|
$30.08 Million |
|
Apollomics Inc. Class A Ordinary Shares
NASDAQ:APLM
|
$30.09 Million |
|
CLPS Inc
NASDAQ:CLPS
|
$30.04 Million |
|
Softing AG
XETRA:SYT
|
$30.03 Million |
|
Unifosa
TWO:8277
|
$30.02 Million |
|
Next Science Ltd
AU:NXS
|
$30.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jet2 PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,408,900,000 to 1,611,800,000, a change of 202,900,000 (14.4%).
- Net income of 446,800,000 contributed positively to equity growth.
- Dividend payments of 31,600,000 reduced retained earnings.
- Share repurchases of 158,500,000 reduced equity.
- Other comprehensive income decreased equity by 24,700,000.
- Other factors decreased equity by 29,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX446.80 Million | +27.72% |
| Dividends Paid | GBX31.60 Million | -1.96% |
| Share Repurchases | GBX158.50 Million | -9.83% |
| Other Comprehensive Income | GBX-24.70 Million | -1.53% |
| Other Changes | GBX-29.10 Million | -1.81% |
| Total Change | GBX- | 14.40% |
Book Value vs Market Value Analysis
This analysis compares Jet2 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: 176.17x
- 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 90131.30x to 176.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-03-31 | GBX0.01 | GBX1317.00 | x |
| 1989-03-31 | GBX0.03 | GBX1317.00 | x |
| 1990-03-31 | GBX0.04 | GBX1317.00 | x |
| 1991-03-31 | GBX0.04 | GBX1317.00 | x |
| 1992-03-31 | GBX0.07 | GBX1317.00 | x |
| 1993-03-31 | GBX0.07 | GBX1317.00 | x |
| 1994-03-31 | GBX0.08 | GBX1317.00 | x |
| 1995-03-31 | GBX0.08 | GBX1317.00 | x |
| 1996-03-31 | GBX0.10 | GBX1317.00 | x |
| 1997-03-31 | GBX0.11 | GBX1317.00 | x |
| 1998-03-31 | GBX0.13 | GBX1317.00 | x |
| 1999-03-31 | GBX0.15 | GBX1317.00 | x |
| 2000-03-31 | GBX0.19 | GBX1317.00 | x |
| 2001-03-31 | GBX0.22 | GBX1317.00 | x |
| 2002-03-31 | GBX0.25 | GBX1317.00 | x |
| 2003-03-31 | GBX0.27 | GBX1317.00 | x |
| 2004-03-31 | GBX0.32 | GBX1317.00 | x |
| 2005-03-31 | GBX0.36 | GBX1317.00 | x |
| 2006-03-31 | GBX0.43 | GBX1317.00 | x |
| 2007-03-31 | GBX0.42 | GBX1317.00 | x |
| 2008-03-31 | GBX0.52 | GBX1317.00 | x |
| 2009-03-31 | GBX0.65 | GBX1317.00 | x |
| 2010-03-31 | GBX0.79 | GBX1317.00 | x |
| 2011-03-31 | GBX1.00 | GBX1317.00 | x |
| 2012-03-31 | GBX1.08 | GBX1317.00 | x |
| 2013-03-31 | GBX1.28 | GBX1317.00 | x |
| 2014-03-31 | GBX1.23 | GBX1317.00 | x |
| 2015-03-31 | GBX1.06 | GBX1317.00 | x |
| 2016-03-31 | GBX2.15 | GBX1317.00 | x |
| 2017-03-31 | GBX2.90 | GBX1317.00 | x |
| 2018-03-31 | GBX3.55 | GBX1317.00 | x |
| 2019-03-31 | GBX3.99 | GBX1317.00 | x |
| 2020-03-31 | GBX4.25 | GBX1317.00 | x |
| 2021-03-31 | GBX5.37 | GBX1317.00 | x |
| 2022-03-31 | GBX4.18 | GBX1317.00 | x |
| 2023-03-31 | GBX4.20 | GBX1317.00 | x |
| 2024-03-31 | GBX5.82 | GBX1317.00 | x |
| 2025-03-31 | GBX7.48 | GBX1317.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jet2 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): 27.72%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.23%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 3.67x
- Recent ROE (27.72%) is above the historical average (16.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | 8.53% | 1.51% | 1.70x | 3.31x | GBX-21.30K |
| 1989 | 26.46% | 5.75% | 1.47x | 3.12x | GBX480.90K |
| 1990 | 26.37% | 5.20% | 1.45x | 3.51x | GBX583.60K |
| 1991 | 27.37% | 3.71% | 1.99x | 3.71x | GBX762.80K |
| 1992 | 16.77% | 3.64% | 1.80x | 2.57x | GBX549.80K |
| 1993 | 13.56% | 2.69% | 1.89x | 2.66x | GBX301.90K |
| 1994 | 16.93% | 3.12% | 2.11x | 2.58x | GBX665.40K |
| 1995 | 19.83% | 3.56% | 1.98x | 2.82x | GBX1.03 Million |
| 1996 | 18.56% | 3.30% | 2.14x | 2.63x | GBX1.05 Million |
| 1997 | 21.61% | 4.30% | 1.88x | 2.67x | GBX1.66 Million |
| 1998 | 21.50% | 4.10% | 1.55x | 3.38x | GBX1.93 Million |
| 1999 | 21.30% | 3.94% | 1.66x | 3.25x | GBX2.21 Million |
| 2000 | 18.97% | 3.72% | 1.70x | 3.00x | GBX2.31 Million |
| 2001 | 20.43% | 3.21% | 2.13x | 2.99x | GBX3.13 Million |
| 2002 | 18.39% | 3.25% | 2.00x | 2.84x | GBX2.88 Million |
| 2003 | 13.24% | 2.48% | 1.62x | 3.29x | GBX1.20 Million |
| 2004 | 17.09% | 3.34% | 1.69x | 3.02x | GBX3.17 Million |
| 2005 | 11.22% | 2.09% | 1.63x | 3.29x | GBX610.00K |
| 2006 | 18.55% | 3.54% | 1.59x | 3.30x | GBX5.07 Million |
| 2007 | 1.19% | 0.20% | 1.41x | 4.19x | GBX-5.20 Million |
| 2008 | 11.69% | 2.03% | 1.57x | 3.66x | GBX1.26 Million |
| 2009 | 29.01% | 6.17% | 1.52x | 3.10x | GBX17.76 Million |
| 2010 | 13.51% | 3.59% | 1.28x | 2.94x | GBX4.05 Million |
| 2011 | 11.70% | 3.19% | 1.15x | 3.18x | GBX2.51 Million |
| 2012 | 14.29% | 3.32% | 1.26x | 3.41x | GBX6.81 Million |
| 2013 | 16.72% | 3.59% | 1.16x | 4.01x | GBX12.54 Million |
| 2014 | 19.77% | 3.20% | 1.31x | 4.70x | GBX17.74 Million |
| 2015 | 20.87% | 2.62% | 1.25x | 6.37x | GBX17.08 Million |
| 2016 | 27.86% | 6.32% | 1.00x | 4.42x | GBX56.93 Million |
| 2017 | 17.78% | 4.44% | 0.75x | 5.32x | GBX33.56 Million |
| 2018 | 20.93% | 4.63% | 0.77x | 5.91x | GBX57.81 Million |
| 2019 | 24.45% | 4.63% | 1.07x | 4.94x | GBX86.06 Million |
| 2020 | 18.29% | 3.24% | 1.06x | 5.33x | GBX52.59 Million |
| 2021 | -28.13% | -68.59% | 0.14x | 2.98x | GBX-367.62 Million |
| 2022 | -35.18% | -25.61% | 0.31x | 4.45x | GBX-405.06 Million |
| 2023 | 28.72% | 5.78% | 1.11x | 4.47x | GBX189.56 Million |
| 2024 | 28.33% | 6.38% | 1.12x | 3.95x | GBX258.31 Million |
| 2025 | 27.72% | 6.23% | 1.21x | 3.67x | GBX285.62 Million |
Industry Comparison
This section compares Jet2 PLC's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $286,739,500
- Average return on equity (ROE) among peers: -4.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jet2 PLC (JET2) | GBX2.06 Billion | 8.53% | 2.04x | $30.06 Million |
| Carnival PLC (CCL) | $635.50 Million | 24.04% | 0.48x | $33.85 Million |
| On The Beach Group PLC (OTB) | $117.60 Million | 18.28% | 1.14x | $3.01 Million |
| Ten Lifestyle Group PLC (TENG) | $20.95 Million | -39.44% | 0.64x | $1.08 Million |
| Trainline Plc (TRN) | $372.91 Million | -21.70% | 0.88x | $10.19 Million |
About Jet2 PLC
Jet2 plc, together with its subsidiaries, engages in the leisure travel business in the United Kingdom. The company operates scheduled holiday flights and packaged holidays to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the sale of non-ticket ancillary products; passenger and charter aircraft operations; and other value added … Read more