easyJet plc
easyJet plc operates as a low-cost airline carrier in Europe. The company engages in aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities, as well as provides holiday packages. It also offers heavy base maintenance and air transport services. easyJet plc was founded in 1995 and is headquartered in Luton, the Unit… Read more
easyJet plc (EJTTF) - Net Assets
Latest net assets as of March 2024: $2.41 Billion USD
Based on the latest financial reports, easyJet plc (EJTTF) has net assets worth $2.41 Billion USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.91 Billion) and total liabilities ($8.49 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 | $2.41 Billion |
| % of Total Assets | 22.12% |
| Annual Growth Rate | 2.81% |
| 5-Year Change | -6.63% |
| 10-Year Change | N/A |
| Growth Volatility | 19.8 |
easyJet plc - Net Assets Trend (2014–2023)
This chart illustrates how easyJet 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 easyJet plc (2014–2023)
The table below shows the annual net assets of easyJet plc from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $2.79 Billion | +10.03% |
| 2022-09-30 | $2.53 Billion | -4.02% |
| 2021-09-30 | $2.64 Billion | +38.97% |
| 2020-09-30 | $1.90 Billion | -36.38% |
| 2019-09-30 | $2.98 Billion | -8.41% |
| 2018-09-30 | $3.26 Billion | +16.31% |
| 2017-09-30 | $2.80 Billion | +3.32% |
| 2016-09-30 | $2.71 Billion | +20.59% |
| 2015-09-30 | $2.25 Billion | +3.55% |
| 2014-09-30 | $2.17 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to easyJet 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 decreased by 83.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $231.00 Million | 8.29% |
| Other Components | $2.56 Billion | 91.71% |
| Total Equity | $2.79 Billion | 100.00% |
easyJet plc Competitors by Market Cap
The table below lists competitors of easyJet plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lifco AB (publ)
PINK:LFCBY
|
$3.69 Billion |
|
Globalstar Inc
NYSE MKT:GSAT
|
$3.69 Billion |
|
Great-West Lifeco Inc 4.50% Non-Cum 1st Pfd Shs Ser I
PINK:GRWTF
|
$3.69 Billion |
|
MIRUM PHARMAC. DL-0001
F:08D
|
$3.69 Billion |
|
TCL Zhonghuan Renewable Energy Technology Co Ltd
SHE:002129
|
$3.68 Billion |
|
Shenzhen Kedali Industry Co Ltd
SHE:002850
|
$3.68 Billion |
|
ATCO CLASS 1
F:8A6
|
$3.68 Billion |
|
Meritage Homes Corporation
F:MEY
|
$3.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in easyJet plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,533,000,000 to 2,787,000,000, a change of 254,000,000 (10.0%).
- Net income of 324,000,000 contributed positively to equity growth.
- Other factors decreased equity by 55,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $324.00 Million | +11.63% |
| Other Changes | $-55.00 Million | -1.97% |
| Total Change | $- | 10.03% |
Book Value vs Market Value Analysis
This analysis compares easyJet 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: 1.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-09-30 | $0.00 | $6.00 | x |
| 2016-09-30 | $0.00 | $6.00 | x |
| 2017-09-30 | $7.05 | $6.00 | x |
| 2018-09-30 | $8.20 | $6.00 | x |
| 2019-09-30 | $7.52 | $6.00 | x |
| 2020-09-30 | $4.16 | $6.00 | x |
| 2021-09-30 | $3.48 | $6.00 | x |
| 2022-09-30 | $3.34 | $6.00 | x |
| 2023-09-30 | $3.70 | $6.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently easyJet 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): 11.63%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.97%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 3.53x
- Recent ROE (11.63%) is above the historical average (1.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 20.72% | 9.94% | 1.01x | 2.06x | $232.80 Million |
| 2015 | 24.37% | 11.69% | 0.97x | 2.15x | $323.10 Million |
| 2016 | 15.74% | 9.15% | 0.85x | 2.03x | $155.80 Million |
| 2017 | 10.89% | 6.04% | 0.85x | 2.13x | $24.80 Million |
| 2018 | 10.98% | 6.07% | 0.84x | 2.15x | $32.10 Million |
| 2019 | 11.69% | 5.47% | 0.78x | 2.73x | $50.50 Million |
| 2020 | -56.82% | -35.86% | 0.36x | 4.46x | $-1.27 Billion |
| 2021 | -32.51% | -58.85% | 0.15x | 3.70x | $-1.12 Billion |
| 2022 | -6.67% | -2.93% | 0.55x | 4.13x | $-422.30 Million |
| 2023 | 11.63% | 3.97% | 0.83x | 3.53x | $45.30 Million |
Industry Comparison
This section compares easyJet plc's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $84,221,809,251
- Average return on equity (ROE) among peers: 148.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| easyJet plc (EJTTF) | $2.41 Billion | 20.72% | 3.52x | $3.69 Billion |
| American Airlines Group (AAL) | $-581.00 Million | 0.00% | 0.00x | $6.80 Billion |
| Air Canada (ACDVF) | $2.59 Billion | 24.86% | 11.05x | $2.83 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-730.83 Million | 0.00% | 0.00x | $260.71 Million |
| Air France-KLM SA (AFRAF) | $-5.42 Billion | 0.00% | 0.00x | $1.02 Billion |
| Aegean Airlines S.A (AGZNF) | $277.88 Million | 24.44% | 1.61x | $461.90 Million |
| AirAsia Group Berhad (AIABF) | $935.30 Million | 1390.41% | 6.89x | $418.10 Million |
| Air China Limited (AICAF) | $49.50 Billion | 15.10% | 2.50x | $2.97 Billion |
| Allegiant Travel Company (ALGT) | $401.72 Million | 19.56% | 0.99x | $1.25 Billion |
| Alaska Air Group Inc (ALK) | $340.50 Million | 5.05% | 2.00x | $4.48 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |