Air China Limited
Air China Limited, together with its subsidiaries, provides air passenger, air cargo, and airline-related services in Mainland China, Hong Kong, Macau, Taiwan, and internationally. It operates in Airline Operations and Other Operations segments. The company also provides aircraft engineering and airport ground handling services. In addition, it is involved in the import and export trading busines… Read more
Air China Limited (AICAF) - Net Assets
Latest net assets as of June 2025: $38.25 Billion USD
Based on the latest financial reports, Air China Limited (AICAF) has net assets worth $38.25 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($347.56 Billion) and total liabilities ($309.31 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 | $38.25 Billion |
| % of Total Assets | 11.0% |
| Annual Growth Rate | 11.52% |
| 5-Year Change | -51.15% |
| 10-Year Change | -38.52% |
| Growth Volatility | 58.8 |
Air China Limited - Net Assets Trend (2002–2024)
This chart illustrates how Air China Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Air China Limited (2002–2024)
The table below shows the annual net assets of Air China Limited from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $40.95 Billion | +16.03% |
| 2023-12-31 | $35.29 Billion | +63.67% |
| 2022-12-31 | $21.56 Billion | -67.27% |
| 2021-12-31 | $65.87 Billion | -21.42% |
| 2020-12-31 | $83.81 Billion | -17.32% |
| 2019-12-31 | $101.38 Billion | +0.82% |
| 2018-12-31 | $100.56 Billion | +5.93% |
| 2017-12-31 | $94.93 Billion | +24.14% |
| 2016-12-31 | $76.47 Billion | +14.83% |
| 2015-12-31 | $66.60 Billion | +11.98% |
| 2014-12-31 | $59.47 Billion | +2.64% |
| 2013-12-31 | $57.94 Billion | +7.41% |
| 2012-12-31 | $53.95 Billion | +8.98% |
| 2011-12-31 | $49.50 Billion | +18.71% |
| 2010-12-31 | $41.70 Billion | +74.03% |
| 2009-12-31 | $23.96 Billion | +18.11% |
| 2008-12-31 | $20.29 Billion | -35.47% |
| 2007-12-31 | $31.44 Billion | -9.96% |
| 2006-12-31 | $34.92 Billion | +54.42% |
| 2005-12-31 | $22.61 Billion | +14.95% |
| 2004-12-31 | $19.67 Billion | +250.66% |
| 2003-12-31 | $5.61 Billion | +50.78% |
| 2002-12-31 | $3.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Air China Limited'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 3074412000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $17.45 Billion | 38.65% |
| Other Components | $58.44 Billion | 129.45% |
| Total Equity | $45.15 Billion | 100.00% |
Air China Limited Competitors by Market Cap
The table below lists competitors of Air China Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shan Dong Sun Paper Industry Joint Stock Co Ltd
SHE:002078
|
$2.97 Billion |
|
Aedifica SA
PINK:AEDFF
|
$2.97 Billion |
|
KAR Auction Services Inc
NYSE:KAR
|
$2.97 Billion |
|
Credit Saison Co. Ltd
F:QC9
|
$2.97 Billion |
|
Applied Opt
NASDAQ:AAOI
|
$2.97 Billion |
|
PJT Partners Inc
NYSE:PJT
|
$2.97 Billion |
|
Nisshin Seifun Group Inc
F:NFR
|
$2.97 Billion |
|
Community Bank System Inc
NYSE:CBU
|
$2.96 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Air China Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 37,229,962,000 to 45,147,411,000, a change of 7,917,449,000 (21.3%).
- Net loss of 237,305,000 reduced equity.
- Dividend payments of 6,561,686,000 reduced retained earnings.
- Other comprehensive income decreased equity by 218,506,000.
- Other factors increased equity by 14,934,946,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-237.31 Million | -0.53% |
| Dividends Paid | $6.56 Billion | -14.53% |
| Other Comprehensive Income | $-218.51 Million | -0.48% |
| Other Changes | $14.93 Billion | +33.08% |
| Total Change | $- | 21.27% |
Book Value vs Market Value Analysis
This analysis compares Air China Limited'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: 0.20x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.34x to 0.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $0.24 | $0.57 | x |
| 2003-12-31 | $0.46 | $0.57 | x |
| 2004-12-31 | $1.83 | $0.57 | x |
| 2005-12-31 | $2.13 | $0.57 | x |
| 2006-12-31 | $3.05 | $0.57 | x |
| 2007-12-31 | $2.60 | $0.57 | x |
| 2008-12-31 | $1.66 | $0.57 | x |
| 2009-12-31 | $2.00 | $0.57 | x |
| 2010-12-31 | $3.58 | $0.57 | x |
| 2011-12-31 | $3.81 | $0.57 | x |
| 2012-12-31 | $4.12 | $0.57 | x |
| 2013-12-31 | $4.41 | $0.57 | x |
| 2014-12-31 | $4.41 | $0.57 | x |
| 2015-12-31 | $4.86 | $0.57 | x |
| 2016-12-31 | $5.56 | $0.57 | x |
| 2017-12-31 | $6.42 | $0.57 | x |
| 2018-12-31 | $6.73 | $0.57 | x |
| 2019-12-31 | $6.81 | $0.57 | x |
| 2020-12-31 | $5.65 | $0.57 | x |
| 2021-12-31 | $4.47 | $0.57 | x |
| 2022-12-31 | $1.72 | $0.57 | x |
| 2023-12-31 | $2.42 | $0.57 | x |
| 2024-12-31 | $2.78 | $0.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Air China Limited 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): -0.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.14%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 7.66x
- Recent ROE (-0.53%) is above the historical average (-1.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 36.51% | 3.34% | 0.45x | 24.20x | $601.05 Million |
| 2003 | 5.04% | 0.89% | 0.46x | 12.34x | $-212.06 Million |
| 2004 | 15.05% | 7.35% | 0.51x | 3.99x | $859.57 Million |
| 2005 | 8.62% | 4.26% | 0.58x | 3.48x | $-274.72 Million |
| 2006 | 9.53% | 6.33% | 0.54x | 2.79x | $-146.80 Million |
| 2007 | 11.82% | 7.44% | 0.56x | 2.82x | $569.75 Million |
| 2008 | -46.27% | -17.27% | 0.54x | 5.00x | $-11.13 Billion |
| 2009 | 21.02% | 9.84% | 0.48x | 4.44x | $2.64 Billion |
| 2010 | 29.31% | 15.08% | 0.52x | 3.73x | $8.04 Billion |
| 2011 | 16.00% | 7.70% | 0.56x | 3.71x | $2.80 Billion |
| 2012 | 9.71% | 4.92% | 0.54x | 3.67x | $-147.69 Million |
| 2013 | 6.13% | 3.40% | 0.48x | 3.79x | $-2.10 Billion |
| 2014 | 7.03% | 3.64% | 0.50x | 3.86x | $-1.62 Billion |
| 2015 | 11.32% | 6.22% | 0.51x | 3.57x | $791.97 Million |
| 2016 | 9.89% | 5.98% | 0.51x | 3.25x | $-73.63 Million |
| 2017 | 8.41% | 5.97% | 0.51x | 2.74x | $-1.37 Billion |
| 2018 | 7.87% | 5.36% | 0.56x | 2.61x | $-1.99 Billion |
| 2019 | 6.85% | 4.71% | 0.46x | 3.15x | $-2.94 Billion |
| 2020 | -18.57% | -20.73% | 0.24x | 3.66x | $-22.17 Billion |
| 2021 | -27.10% | -22.33% | 0.25x | 4.86x | $-22.78 Billion |
| 2022 | -163.58% | -73.01% | 0.18x | 12.50x | $-40.98 Billion |
| 2023 | -2.81% | -0.74% | 0.42x | 9.01x | $-4.77 Billion |
| 2024 | -0.53% | -0.14% | 0.48x | 7.66x | $-4.75 Billion |
Industry Comparison
This section compares Air China Limited's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $88,079,619,057
- Average return on equity (ROE) among peers: 163.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Air China Limited (AICAF) | $38.25 Billion | 36.51% | 8.09x | $2.97 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 |
| 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 |