China Eastern Airlines Corporation Limited
China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. It operates through Airline Transportation Operations and Other segments. The company offers passenger, cargo, mail delivery, ground, tour operations, air catering, and other miscellaneous services. It… Read more
China Eastern Airlines Corporation Limited (CHEAF) - Net Assets
Latest net assets as of June 2025: $39.78 Billion USD
Based on the latest financial reports, China Eastern Airlines Corporation Limited (CHEAF) has net assets worth $39.78 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 ($282.49 Billion) and total liabilities ($242.71 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 | $39.78 Billion |
| % of Total Assets | 14.08% |
| Annual Growth Rate | 10.78% |
| 5-Year Change | -30.0% |
| 10-Year Change | 3.7% |
| Growth Volatility | 185.97 |
China Eastern Airlines Corporation Limited - Net Assets Trend (1994–2024)
This chart illustrates how China Eastern Airlines Corporation 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 China Eastern Airlines Corporation Limited (1994–2024)
The table below shows the annual net assets of China Eastern Airlines Corporation Limited from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $41.41 Billion | +0.46% |
| 2023-12-31 | $41.22 Billion | +36.94% |
| 2022-12-31 | $30.10 Billion | -47.33% |
| 2021-12-31 | $57.15 Billion | -3.38% |
| 2020-12-31 | $59.15 Billion | -18.57% |
| 2019-12-31 | $72.65 Billion | +17.93% |
| 2018-12-31 | $61.60 Billion | +4.80% |
| 2017-12-31 | $58.78 Billion | +12.24% |
| 2016-12-31 | $52.37 Billion | +31.14% |
| 2015-12-31 | $39.93 Billion | +25.68% |
| 2014-12-31 | $31.77 Billion | +11.16% |
| 2013-12-31 | $28.58 Billion | +16.41% |
| 2012-12-31 | $24.55 Billion | +12.60% |
| 2011-12-31 | $21.81 Billion | +31.66% |
| 2010-12-31 | $16.56 Billion | +888.07% |
| 2009-12-31 | $1.68 Billion | +113.26% |
| 2008-12-31 | $-12.64 Billion | -449.86% |
| 2007-12-31 | $3.61 Billion | +3.91% |
| 2006-12-31 | $3.48 Billion | -49.75% |
| 2005-12-31 | $6.92 Billion | -10.31% |
| 2004-12-31 | $7.71 Billion | +11.71% |
| 2003-12-31 | $6.90 Billion | -11.29% |
| 2002-12-31 | $7.78 Billion | -1.42% |
| 2001-12-31 | $7.90 Billion | +6.49% |
| 2000-12-31 | $7.41 Billion | +9.79% |
| 1999-12-31 | $6.75 Billion | +4.68% |
| 1998-12-31 | $6.45 Billion | -6.94% |
| 1997-12-31 | $6.93 Billion | +63.36% |
| 1996-12-31 | $4.24 Billion | +120.97% |
| 1995-12-31 | $1.92 Billion | -0.03% |
| 1994-12-31 | $1.92 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Eastern Airlines Corporation 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 11040.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $22.29 Billion | 55.00% |
| Other Comprehensive Income | $21.79 Billion | 53.75% |
| Other Components | $53.78 Billion | 132.68% |
| Total Equity | $40.53 Billion | 100.00% |
China Eastern Airlines Corporation Limited Competitors by Market Cap
The table below lists competitors of China Eastern Airlines Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bethel Automotive Safety Systems Co Ltd Class A
SHG:603596
|
$2.33 Billion |
|
Amneal Pharmaceuticals, Inc. Class A Common Stock
NYSE:AMRX
|
$2.33 Billion |
|
FI
NEO:FI
|
$2.33 Billion |
|
Mitsubishi Logistics Corporation
OTCMKTS:MILGF
|
$2.33 Billion |
|
China Oilfield Services Limited
F:CO9
|
$2.32 Billion |
|
Washington Federal Inc
NASDAQ:WAFD
|
$2.32 Billion |
|
GCL System Integration Technology Co Ltd
SHE:002506
|
$2.32 Billion |
|
Chorus Limited
PINK:CHRUF
|
$2.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Eastern Airlines Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 40,712,000,000 to 40,532,000,000, a change of -180,000,000 (-0.4%).
- Net loss of 4,226,000,000 reduced equity.
- Dividend payments of 5,225,000,000 reduced retained earnings.
- Share repurchases of 20,000,000 reduced equity.
- Other comprehensive income increased equity by 4,796,000,000.
- Other factors increased equity by 4,495,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.23 Billion | -10.43% |
| Dividends Paid | $5.22 Billion | -12.89% |
| Share Repurchases | $20.00 Million | -0.05% |
| Other Comprehensive Income | $4.80 Billion | +11.83% |
| Other Changes | $4.50 Billion | +11.09% |
| Total Change | $- | -0.44% |
Book Value vs Market Value Analysis
This analysis compares China Eastern Airlines Corporation 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: 0.19x
- 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 0.73x to 0.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $0.48 | $0.35 | x |
| 1995-12-31 | $0.48 | $0.35 | x |
| 1996-12-31 | $1.08 | $0.35 | x |
| 1997-12-31 | $1.80 | $0.35 | x |
| 1998-12-31 | $1.33 | $0.35 | x |
| 1999-12-31 | $1.35 | $0.35 | x |
| 2000-12-31 | $1.44 | $0.35 | x |
| 2001-12-31 | $1.51 | $0.35 | x |
| 2002-12-31 | $1.42 | $0.35 | x |
| 2003-12-31 | $1.31 | $0.35 | x |
| 2004-12-31 | $1.45 | $0.35 | x |
| 2005-12-31 | $0.26 | $0.35 | x |
| 2006-12-31 | $0.57 | $0.35 | x |
| 2007-12-31 | $0.60 | $0.35 | x |
| 2008-12-31 | $-2.69 | $0.35 | x |
| 2009-12-31 | $0.19 | $0.35 | x |
| 2010-12-31 | $1.36 | $0.35 | x |
| 2011-12-31 | $1.77 | $0.35 | x |
| 2012-12-31 | $2.02 | $0.35 | x |
| 2013-12-31 | $2.28 | $0.35 | x |
| 2014-12-31 | $2.37 | $0.35 | x |
| 2015-12-31 | $2.97 | $0.35 | x |
| 2016-12-31 | $3.62 | $0.35 | x |
| 2017-12-31 | $3.83 | $0.35 | x |
| 2018-12-31 | $4.07 | $0.35 | x |
| 2019-12-31 | $4.57 | $0.35 | x |
| 2020-12-31 | $3.43 | $0.35 | x |
| 2021-12-31 | $3.19 | $0.35 | x |
| 2022-12-31 | $1.54 | $0.35 | x |
| 2023-12-31 | $1.83 | $0.35 | x |
| 2024-12-31 | $1.82 | $0.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Eastern Airlines Corporation 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): -10.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.20%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 6.82x
- Recent ROE (-10.43%) is below the historical average (-3.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 24.50% | 7.33% | 0.36x | 9.32x | $263.38 Million |
| 1995 | 25.13% | 6.96% | 0.35x | 10.17x | $277.57 Million |
| 1996 | 7.75% | 4.32% | 0.32x | 5.60x | $-92.58 Million |
| 1997 | 9.19% | 7.40% | 0.32x | 3.89x | $-55.56 Million |
| 1998 | -7.49% | -5.89% | 0.29x | 4.36x | $-1.12 Billion |
| 1999 | 2.29% | 1.48% | 0.36x | 4.31x | $-507.00 Million |
| 2000 | 2.44% | 1.56% | 0.39x | 4.04x | $-543.49 Million |
| 2001 | 7.09% | 4.46% | 0.42x | 3.79x | $-222.17 Million |
| 2002 | 1.17% | 0.66% | 0.40x | 4.44x | $-651.54 Million |
| 2003 | -14.88% | -6.65% | 0.38x | 5.96x | $-1.59 Billion |
| 2004 | 7.47% | 2.44% | 0.50x | 6.16x | $-174.15 Million |
| 2005 | -7.20% | -1.60% | 0.46x | 9.73x | $-1.05 Billion |
| 2006 | -122.66% | -9.21% | 0.61x | 21.73x | $-3.73 Billion |
| 2007 | 8.08% | 0.58% | 0.62x | 22.48x | $-58.27 Million |
| 2008 | 0.00% | -36.58% | 0.57x | 0.00x | $-13.96 Billion |
| 2009 | 13.67% | 0.42% | 0.56x | 58.20x | $45.31 Million |
| 2010 | 32.47% | 6.66% | 0.72x | 6.77x | $3.43 Billion |
| 2011 | 22.74% | 5.48% | 0.73x | 5.70x | $2.56 Billion |
| 2012 | 12.88% | 3.46% | 0.69x | 5.40x | $661.07 Million |
| 2013 | 8.82% | 2.69% | 0.63x | 5.21x | $-317.66 Million |
| 2014 | 11.38% | 3.78% | 0.54x | 5.53x | $412.60 Million |
| 2015 | 12.13% | 4.83% | 0.47x | 5.29x | $795.90 Million |
| 2016 | 9.10% | 4.55% | 0.47x | 4.29x | $-447.00 Million |
| 2017 | 11.46% | 6.19% | 0.45x | 4.15x | $806.00 Million |
| 2018 | 4.65% | 2.34% | 0.48x | 4.12x | $-3.10 Billion |
| 2019 | 4.63% | 2.64% | 0.42x | 4.13x | $-3.71 Billion |
| 2020 | -21.04% | -20.24% | 0.21x | 5.06x | $-17.46 Billion |
| 2021 | -22.78% | -18.26% | 0.23x | 5.39x | $-17.58 Billion |
| 2022 | -128.56% | -81.08% | 0.16x | 9.83x | $-40.29 Billion |
| 2023 | -20.06% | -7.18% | 0.40x | 6.94x | $-12.24 Billion |
| 2024 | -10.43% | -3.20% | 0.48x | 6.82x | $-8.28 Billion |
Industry Comparison
This section compares China Eastern Airlines Corporation Limited'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 |
|---|---|---|---|---|
| China Eastern Airlines Corporation Limited (CHEAF) | $39.78 Billion | 24.50% | 6.10x | $2.32 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 |