Air France-KLM SA Net Assets
Air France-KLM SA net assets. Based on the latest financial reports, Air France-KLM SA (AF) has net assets worth €2.79 Billion EUR (≈ $3.26 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€41.61 Billion ≈ $48.64 Billion USD) and total liabilities (€38.82 Billion ≈ $45.38 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 AF shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.79 Billion |
| % of Total Assets | 6.7% |
| Annual Growth Rate | -5.54% |
| 5-Year Change | N/A |
| 10-Year Change | -16.44% |
| Growth Volatility | 129.17 |
Net Assets of Air France-KLM SA (2002–2025)
Net assets of Air France-KLM SA from 2002 to 2025. This chart illustrates how Air France-KLM SA's net assets have evolved over time, based on quarterly financial data. See AF net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Air France-KLM SA (2002–2025)
The table below shows the annual net assets of Air France-KLM SA from 2002 to 2025. For live market cap and overall valuation, see AF market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.08 Billion ≈ $1.27 Billion |
+35.54% |
| 2024-12-31 | €799.00 Million ≈ $934.11 Million |
+238.72% |
| 2023-12-31 | €-576.00 Million ≈ $-673.40 Million |
+76.77% |
| 2022-12-31 | €-2.48 Billion ≈ $-2.90 Billion |
+35.01% |
| 2021-12-31 | €-3.82 Billion ≈ $-4.46 Billion |
+29.57% |
| 2020-12-31 | €-5.42 Billion ≈ $-6.33 Billion |
-335.67% |
| 2019-12-31 | €2.30 Billion ≈ $2.69 Billion |
+23.27% |
| 2018-12-31 | €1.86 Billion ≈ $2.18 Billion |
-38.14% |
| 2017-12-31 | €3.02 Billion ≈ $3.52 Billion |
+132.64% |
| 2016-12-31 | €1.30 Billion ≈ $1.52 Billion |
+374.73% |
| 2015-12-31 | €273.00 Million ≈ $319.17 Million |
+143.20% |
| 2014-12-31 | €-632.00 Million ≈ $-738.87 Million |
-127.60% |
| 2013-12-31 | €2.29 Billion ≈ $2.68 Billion |
-54.02% |
| 2012-12-31 | €4.98 Billion ≈ $5.82 Billion |
-18.28% |
| 2011-12-31 | €6.09 Billion ≈ $7.12 Billion |
-11.76% |
| 2010-12-31 | €6.91 Billion ≈ $8.07 Billion |
+27.46% |
| 2009-12-31 | €5.42 Billion ≈ $6.33 Billion |
-4.55% |
| 2008-12-31 | €5.68 Billion ≈ $6.64 Billion |
-46.52% |
| 2007-12-31 | €10.61 Billion ≈ $12.41 Billion |
+26.18% |
| 2006-12-31 | €8.41 Billion ≈ $9.83 Billion |
+7.12% |
| 2005-12-31 | €7.85 Billion ≈ $9.18 Billion |
+50.27% |
| 2004-12-31 | €5.23 Billion ≈ $6.11 Billion |
+27.93% |
| 2003-12-31 | €4.08 Billion ≈ $4.78 Billion |
+1.59% |
| 2002-12-31 | €4.02 Billion ≈ $4.70 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Air France-KLM SA'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 563.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Air France-KLM SA Net Assets Breakdown (December 2025)
Air France-KLM SA net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €263.00 Million | % |
| Other Comprehensive Income | €-162.00 Million | % |
| Other Components | €7.53 Billion | % |
| Total Equity | €-983.00 Million | 100.00% |
Air France-KLM SA Competitors by Market Cap
The table below lists competitors of Air France-KLM SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henzhen Zhaowei Machinery And Elect
SHE:003021
|
$3.19 Billion |
|
Farsoon Technology Co. Ltd. A
SHG:688433
|
$3.19 Billion |
|
WYNN MACAU LTD ADR/10
F:8WY0
|
$3.19 Billion |
|
Autobio Diagnostics Co Ltd
SHG:603658
|
$3.19 Billion |
|
Almonty Industries Inc
TO:AII
|
$3.18 Billion |
|
Steven Madden Ltd
NASDAQ:SHOO
|
$3.18 Billion |
|
Hawkins Inc
NASDAQ:HWKN
|
$3.18 Billion |
|
Sigurd Microelectronics Corp
TW:6257
|
$3.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Air France-KLM SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -1,764,000,000 to -983,000,000, a change of 781,000,000.
- Net income of 1,593,000,000 contributed positively to equity growth.
- Dividend payments of 2,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 9,785,000,000.
- Other factors decreased equity by 10,595,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.59 Billion | +162.05% |
| Dividends Paid | €2.00 Million | -0.2% |
| Other Comprehensive Income | €9.79 Billion | +995.42% |
| Other Changes | €-10.60 Billion | -1077.82% |
| Total Change | €- | % |
Book Value vs Market Value Analysis
This analysis compares Air France-KLM SA'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €92.19 | €10.38 | x |
| 2003-12-31 | €94.45 | €10.38 | x |
| 2004-12-31 | €100.46 | €10.38 | x |
| 2005-12-31 | €137.24 | €10.38 | x |
| 2006-12-31 | €141.32 | €10.38 | x |
| 2007-12-31 | €172.66 | €10.38 | x |
| 2008-12-31 | €96.21 | €10.38 | x |
| 2009-12-31 | €91.88 | €10.38 | x |
| 2010-12-31 | €183.27 | €10.38 | x |
| 2011-12-31 | €102.95 | €10.38 | x |
| 2012-12-31 | €83.94 | €10.38 | x |
| 2013-12-31 | €38.20 | €10.38 | x |
| 2014-12-31 | €-11.43 | €10.38 | x |
| 2015-12-31 | €3.83 | €10.38 | x |
| 2016-12-31 | €18.52 | €10.38 | x |
| 2017-12-31 | €40.86 | €10.38 | x |
| 2018-12-31 | €21.86 | €10.38 | x |
| 2019-12-31 | €25.30 | €10.38 | x |
| 2020-12-31 | €-64.04 | €10.38 | x |
| 2021-12-31 | €-33.33 | €10.38 | x |
| 2022-12-31 | €-15.47 | €10.38 | x |
| 2023-12-31 | €-15.88 | €10.38 | x |
| 2024-12-31 | €-6.72 | €10.38 | x |
| 2025-12-31 | €-3.50 | €10.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Air France-KLM SA 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.83%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (1.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.01% | 0.95% | 1.01x | 3.16x | €-278.77 Million |
| 2003 | 2.29% | 0.75% | 0.95x | 3.19x | €-313.20 Million |
| 2004 | 6.80% | 1.84% | 0.89x | 4.17x | €-165.10 Million |
| 2005 | 11.81% | 4.26% | 0.81x | 3.42x | €139.60 Million |
| 2006 | 10.74% | 3.86% | 0.87x | 3.21x | €61.10 Million |
| 2007 | 7.10% | 3.10% | 0.79x | 2.91x | €-305.60 Million |
| 2008 | -14.48% | -3.40% | 0.83x | 5.12x | €-1.38 Billion |
| 2009 | -29.07% | -7.42% | 0.76x | 5.18x | €-2.10 Billion |
| 2010 | 8.95% | 2.60% | 0.82x | 4.23x | €-72.20 Million |
| 2011 | -13.39% | -3.32% | 0.89x | 4.52x | €-1.41 Billion |
| 2012 | -24.21% | -4.65% | 0.93x | 5.58x | €-1.68 Billion |
| 2013 | -81.49% | -7.16% | 1.00x | 11.34x | €-2.05 Billion |
| 2014 | 0.00% | -0.79% | 1.07x | 0.00x | €-130.90 Million |
| 2015 | 52.44% | 0.45% | 1.12x | 103.71x | €95.50 Million |
| 2016 | 61.68% | 3.19% | 1.08x | 17.86x | €663.60 Million |
| 2017 | -9.13% | -1.06% | 1.06x | 8.13x | €-574.20 Million |
| 2018 | 22.07% | 1.54% | 0.91x | 15.68x | €223.70 Million |
| 2019 | 12.70% | 1.07% | 0.88x | 13.46x | €61.60 Million |
| 2020 | 0.00% | -63.36% | 0.37x | 0.00x | €-6.48 Billion |
| 2021 | 0.00% | -22.82% | 0.47x | 0.00x | €-2.88 Billion |
| 2022 | 0.00% | 2.76% | 0.82x | 0.00x | €1.03 Billion |
| 2023 | 0.00% | 3.11% | 0.87x | 0.00x | €1.25 Billion |
| 2024 | 0.00% | 1.01% | 0.87x | 0.00x | €493.40 Million |
| 2025 | 0.00% | 4.83% | 0.84x | 0.00x | €1.69 Billion |
Industry Comparison
This section compares Air France-KLM SA's net assets metrics with peer companies in the Airlines industry.
No peer company data available for comparison.
About Air France-KLM SA
Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services. The company operates through Network, Maintenance, Transavia, and Other segments. It also offers airframe and engine maintenance, and component support services, including electronic, mechanical, pneumatic, hydraulic, and other services. The company provides its services under the Air France, … Read more