Aegean Airlines S.A
Aegean Airlines S.A., together with its subsidiaries, operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally. It transports passengers and cargo through scheduled and unscheduled flights; and offers aviation applications, aircraft technical support, and ground handling aircraft services. The company also offers charter … Read more
Aegean Airlines S.A (AGZNF) - Net Assets
Latest net assets as of June 2025: $438.35 Million USD
Based on the latest financial reports, Aegean Airlines S.A (AGZNF) has net assets worth $438.35 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.03 Billion) and total liabilities ($2.59 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 | $438.35 Million |
| % of Total Assets | 14.47% |
| Annual Growth Rate | N/A |
| 5-Year Change | 543.66% |
| 10-Year Change | 124.96% |
| Growth Volatility | 254.17 |
Aegean Airlines S.A - Net Assets Trend (2004–2024)
This chart illustrates how Aegean Airlines S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Aegean Airlines S.A (2004–2024)
The table below shows the annual net assets of Aegean Airlines S.A from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $499.36 Million | +19.23% |
| 2023-12-31 | $418.83 Million | +20.32% |
| 2022-12-31 | $348.10 Million | +62.94% |
| 2021-12-31 | $213.64 Million | +175.37% |
| 2020-12-31 | $77.58 Million | -76.38% |
| 2019-12-31 | $328.43 Million | +18.19% |
| 2018-12-31 | $277.88 Million | +12.07% |
| 2017-12-31 | $247.94 Million | +1.50% |
| 2016-12-31 | $244.27 Million | +10.04% |
| 2015-12-31 | $221.97 Million | +2.54% |
| 2014-12-31 | $216.47 Million | +1.69% |
| 2013-12-31 | $212.88 Million | +38.94% |
| 2012-12-31 | $153.21 Million | -9.51% |
| 2011-12-31 | $169.32 Million | -15.74% |
| 2010-12-31 | $200.94 Million | -10.52% |
| 2009-12-31 | $224.56 Million | +5.54% |
| 2008-12-31 | $212.78 Million | +27.04% |
| 2007-12-31 | $167.49 Million | +918.01% |
| 2006-12-31 | $16.45 Million | +732.72% |
| 2005-12-31 | $1.98 Million | +114.69% |
| 2004-12-31 | $-13.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aegean Airlines S.A'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 45656701000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $320.03 Million | 64.09% |
| Common Stock | $45.08 Million | 9.03% |
| Other Comprehensive Income | $46.39 Million | 9.29% |
| Other Components | $87.84 Million | 17.59% |
| Total Equity | $499.36 Million | 100.00% |
Aegean Airlines S.A Competitors by Market Cap
The table below lists competitors of Aegean Airlines S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CHINA OVERSEAS (SWL.SG)
STU:SWL
|
$461.97 Million |
|
BML Inc
MU:BMZ
|
$462.01 Million |
|
APARTM.INV. MGMT A DL-01
F:AIV
|
$462.36 Million |
|
Metsa Board Corp. Series B
LSE:0O7A
|
$462.37 Million |
|
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd
PINK:RLEVF
|
$461.86 Million |
|
Esso Thailand PCL
STU:JAV
|
$461.82 Million |
|
COOR Service Management AB
ST:COOR
|
$461.52 Million |
|
Ocugen Inc
NASDAQ:OCGN
|
$461.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aegean Airlines S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 420,769,340 to 499,355,420, a change of 78,586,080 (18.7%).
- Net income of 129,941,360 contributed positively to equity growth.
- Dividend payments of 67,643,120 reduced retained earnings.
- Share repurchases of 8,500,140 reduced equity.
- Other comprehensive income increased equity by 81,039,979.
- Other factors increased equity by 29,137,671.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $129.94 Million | +26.02% |
| Dividends Paid | $67.64 Million | -13.55% |
| Share Repurchases | $8.50 Million | -1.7% |
| Other Comprehensive Income | $81.04 Million | +16.23% |
| Other Changes | $29.14 Million | +5.84% |
| Total Change | $- | 18.68% |
Book Value vs Market Value Analysis
This analysis compares Aegean Airlines S.A'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: 2.15x
- 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 |
|---|---|---|---|
| 2004-12-31 | $-0.17 | $11.95 | x |
| 2005-12-31 | $0.01 | $11.95 | x |
| 2006-12-31 | $0.28 | $11.95 | x |
| 2007-12-31 | $2.44 | $11.95 | x |
| 2008-12-31 | $2.70 | $11.95 | x |
| 2009-12-31 | $2.85 | $11.95 | x |
| 2010-12-31 | $2.55 | $11.95 | x |
| 2011-12-31 | $2.15 | $11.95 | x |
| 2012-12-31 | $1.95 | $11.95 | x |
| 2013-12-31 | $2.71 | $11.95 | x |
| 2014-12-31 | $2.75 | $11.95 | x |
| 2015-12-31 | $2.82 | $11.95 | x |
| 2016-12-31 | $3.10 | $11.95 | x |
| 2017-12-31 | $3.15 | $11.95 | x |
| 2018-12-31 | $3.53 | $11.95 | x |
| 2019-12-31 | $4.17 | $11.95 | x |
| 2020-12-31 | $1.20 | $11.95 | x |
| 2021-12-31 | $2.61 | $11.95 | x |
| 2022-12-31 | $3.87 | $11.95 | x |
| 2023-12-31 | $4.58 | $11.95 | x |
| 2024-12-31 | $5.56 | $11.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aegean Airlines S.A 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): 26.02%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.31%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 5.76x
- Recent ROE (26.02%) is below the historical average (157.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.00% | -1.26% | 2.18x | 0.00x | $-2.22 Million |
| 2005 | 3123.73% | 3.97% | 2.60x | 302.53x | $13.50 Million |
| 2006 | 156.23% | 6.41% | 2.40x | 10.14x | $24.06 Million |
| 2007 | 21.35% | 7.41% | 1.37x | 2.11x | $19.02 Million |
| 2008 | 13.85% | 4.82% | 1.39x | 2.06x | $8.19 Million |
| 2009 | 10.26% | 3.70% | 1.35x | 2.06x | $580.59K |
| 2010 | -11.59% | -3.94% | 1.32x | 2.23x | $-43.39 Million |
| 2011 | -16.05% | -4.07% | 1.60x | 2.47x | $-44.11 Million |
| 2012 | -6.85% | -1.61% | 1.65x | 2.59x | $-25.82 Million |
| 2013 | 27.13% | 8.26% | 1.25x | 2.64x | $36.47 Million |
| 2014 | 37.16% | 8.82% | 1.45x | 2.90x | $58.79 Million |
| 2015 | 30.81% | 6.96% | 1.47x | 3.01x | $46.20 Million |
| 2016 | 13.19% | 3.16% | 1.57x | 2.66x | $7.78 Million |
| 2017 | 24.35% | 5.35% | 1.65x | 2.75x | $35.57 Million |
| 2018 | 24.44% | 5.72% | 1.64x | 2.61x | $40.13 Million |
| 2019 | 23.91% | 6.00% | 0.98x | 4.06x | $45.70 Million |
| 2020 | -266.85% | -54.90% | 0.29x | 16.87x | $-236.45 Million |
| 2021 | 2.30% | 0.71% | 0.45x | 7.23x | $-16.40 Million |
| 2022 | 30.97% | 8.08% | 0.66x | 5.79x | $73.13 Million |
| 2023 | 40.39% | 9.86% | 0.71x | 5.73x | $127.89 Million |
| 2024 | 26.02% | 7.31% | 0.62x | 5.76x | $80.01 Million |
Industry Comparison
This section compares Aegean Airlines S.A's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $93,548,912,695
- Average return on equity (ROE) among peers: 162.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aegean Airlines S.A (AGZNF) | $438.35 Million | 0.00% | 5.91x | $461.90 Million |
| 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 |
| 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 |