Jet2 plc
Jet2 plc, together with its subsidiaries, engages in the leisure travel business in the United Kingdom. The company operates scheduled holiday flights and packaged holidays to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the sale of non-ticket ancillary products; passenger and charter aircraft operations; and other value added … Read more
Jet2 plc (DRTGF) - Net Assets
Latest net assets as of September 2025: $2.06 Billion USD
Based on the latest financial reports, Jet2 plc (DRTGF) has net assets worth $2.06 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.27 Billion) and total liabilities ($4.21 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 | $2.06 Billion |
| % of Total Assets | 32.85% |
| Annual Growth Rate | 20.86% |
| 5-Year Change | 67.16% |
| 10-Year Change | 405.74% |
| Growth Volatility | 25.04 |
Jet2 plc - Net Assets Trend (1988–2025)
This chart illustrates how Jet2 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 Jet2 plc (1988–2025)
The table below shows the annual net assets of Jet2 plc from 1988 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.61 Billion | +14.40% |
| 2024-03-31 | $1.41 Billion | +39.16% |
| 2023-03-31 | $1.01 Billion | +12.92% |
| 2022-03-31 | $896.60 Million | -7.01% |
| 2021-03-31 | $964.20 Million | +52.06% |
| 2020-03-31 | $634.10 Million | +6.50% |
| 2019-03-31 | $595.40 Million | +12.57% |
| 2018-03-31 | $528.90 Million | +22.60% |
| 2017-03-31 | $431.40 Million | +35.36% |
| 2016-03-31 | $318.70 Million | +102.74% |
| 2015-03-31 | $157.20 Million | -13.44% |
| 2014-03-31 | $181.60 Million | -2.68% |
| 2013-03-31 | $186.60 Million | +17.43% |
| 2012-03-31 | $158.90 Million | +7.44% |
| 2011-03-31 | $147.90 Million | +28.05% |
| 2010-03-31 | $115.50 Million | +23.66% |
| 2009-03-31 | $93.40 Million | +25.54% |
| 2008-03-31 | $74.40 Million | +26.10% |
| 2007-03-31 | $59.00 Million | -0.51% |
| 2006-03-31 | $59.30 Million | +18.84% |
| 2005-03-31 | $49.90 Million | +11.72% |
| 2004-03-31 | $44.67 Million | +20.25% |
| 2003-03-31 | $37.14 Million | +8.30% |
| 2002-03-31 | $34.30 Million | +14.37% |
| 2001-03-31 | $29.99 Million | +16.46% |
| 2000-03-31 | $25.75 Million | +31.57% |
| 1999-03-31 | $19.57 Million | +16.77% |
| 1998-03-31 | $16.76 Million | +16.92% |
| 1997-03-31 | $14.33 Million | +16.66% |
| 1996-03-31 | $12.29 Million | +17.60% |
| 1995-03-31 | $10.45 Million | +8.88% |
| 1994-03-31 | $9.60 Million | +13.01% |
| 1993-03-31 | $8.49 Million | +4.54% |
| 1992-03-31 | $8.12 Million | +84.93% |
| 1991-03-31 | $4.39 Million | +23.23% |
| 1990-03-31 | $3.56 Million | +22.01% |
| 1989-03-31 | $2.92 Million | +101.03% |
| 1988-03-31 | $1.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jet2 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 grown by 122866.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.79 Billion | 110.85% |
| Common Stock | $2.70 Million | 0.17% |
| Total Equity | $1.61 Billion | 100.00% |
Jet2 plc Competitors by Market Cap
The table below lists competitors of Jet2 plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Visteon Corp
NASDAQ:VC
|
$2.31 Billion |
|
Bosideng International Holdings Limited
F:3BD
|
$2.31 Billion |
|
Loncin Motor Co Ltd
SHG:603766
|
$2.31 Billion |
|
Benefit Systems SA
WAR:BFT
|
$2.31 Billion |
|
iRay Technology Co Ltd
SHG:688301
|
$2.31 Billion |
|
Life Insurance Corporation Of India
NSE:LICI
|
$2.30 Billion |
|
Frasers Logistics & Commercial Trust
PINK:FRLOF
|
$2.30 Billion |
|
EZconn Corp
TW:6442
|
$2.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jet2 plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,408,900,000 to 1,611,800,000, a change of 202,900,000 (14.4%).
- Net income of 446,800,000 contributed positively to equity growth.
- Dividend payments of 31,600,000 reduced retained earnings.
- Share repurchases of 158,500,000 reduced equity.
- Other comprehensive income decreased equity by 24,700,000.
- Other factors decreased equity by 29,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $446.80 Million | +27.72% |
| Dividends Paid | $31.60 Million | -1.96% |
| Share Repurchases | $158.50 Million | -9.83% |
| Other Comprehensive Income | $-24.70 Million | -1.53% |
| Other Changes | $-29.10 Million | -1.81% |
| Total Change | $- | 14.40% |
Book Value vs Market Value Analysis
This analysis compares Jet2 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: 2.67x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1227.41x to 2.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-03-31 | $0.01 | $17.94 | x |
| 1989-03-31 | $0.03 | $17.94 | x |
| 1990-03-31 | $0.04 | $17.94 | x |
| 1991-03-31 | $0.04 | $17.94 | x |
| 1992-03-31 | $0.07 | $17.94 | x |
| 1993-03-31 | $0.07 | $17.94 | x |
| 1994-03-31 | $0.08 | $17.94 | x |
| 1995-03-31 | $0.08 | $17.94 | x |
| 1996-03-31 | $0.10 | $17.94 | x |
| 1997-03-31 | $0.11 | $17.94 | x |
| 1998-03-31 | $0.13 | $17.94 | x |
| 1999-03-31 | $0.15 | $17.94 | x |
| 2000-03-31 | $0.19 | $17.94 | x |
| 2001-03-31 | $0.22 | $17.94 | x |
| 2002-03-31 | $0.25 | $17.94 | x |
| 2003-03-31 | $0.27 | $17.94 | x |
| 2004-03-31 | $0.32 | $17.94 | x |
| 2005-03-31 | $0.36 | $17.94 | x |
| 2006-03-31 | $0.43 | $17.94 | x |
| 2007-03-31 | $0.42 | $17.94 | x |
| 2008-03-31 | $0.52 | $17.94 | x |
| 2009-03-31 | $0.65 | $17.94 | x |
| 2010-03-31 | $0.79 | $17.94 | x |
| 2011-03-31 | $1.00 | $17.94 | x |
| 2012-03-31 | $1.08 | $17.94 | x |
| 2013-03-31 | $1.28 | $17.94 | x |
| 2014-03-31 | $1.23 | $17.94 | x |
| 2015-03-31 | $1.06 | $17.94 | x |
| 2016-03-31 | $2.15 | $17.94 | x |
| 2017-03-31 | $2.90 | $17.94 | x |
| 2018-03-31 | $3.55 | $17.94 | x |
| 2019-03-31 | $3.99 | $17.94 | x |
| 2020-03-31 | $4.25 | $17.94 | x |
| 2021-03-31 | $5.37 | $17.94 | x |
| 2022-03-31 | $4.18 | $17.94 | x |
| 2023-03-31 | $4.20 | $17.94 | x |
| 2024-03-31 | $5.82 | $17.94 | x |
| 2025-03-31 | $6.71 | $17.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jet2 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): 27.72%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.23%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 3.67x
- Recent ROE (27.72%) is above the historical average (16.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | 8.53% | 1.51% | 1.70x | 3.31x | $-21.30K |
| 1989 | 26.46% | 5.75% | 1.47x | 3.12x | $480.90K |
| 1990 | 26.37% | 5.20% | 1.45x | 3.51x | $583.60K |
| 1991 | 27.37% | 3.71% | 1.99x | 3.71x | $762.80K |
| 1992 | 16.77% | 3.64% | 1.80x | 2.57x | $549.80K |
| 1993 | 13.56% | 2.69% | 1.89x | 2.66x | $301.90K |
| 1994 | 16.93% | 3.12% | 2.11x | 2.58x | $665.40K |
| 1995 | 19.83% | 3.56% | 1.98x | 2.82x | $1.03 Million |
| 1996 | 18.56% | 3.30% | 2.14x | 2.63x | $1.05 Million |
| 1997 | 21.61% | 4.30% | 1.88x | 2.67x | $1.66 Million |
| 1998 | 21.50% | 4.10% | 1.55x | 3.38x | $1.93 Million |
| 1999 | 21.30% | 3.94% | 1.66x | 3.25x | $2.21 Million |
| 2000 | 18.97% | 3.72% | 1.70x | 3.00x | $2.31 Million |
| 2001 | 20.43% | 3.21% | 2.13x | 2.99x | $3.13 Million |
| 2002 | 18.39% | 3.25% | 2.00x | 2.84x | $2.88 Million |
| 2003 | 13.24% | 2.48% | 1.62x | 3.29x | $1.20 Million |
| 2004 | 17.09% | 3.34% | 1.69x | 3.02x | $3.17 Million |
| 2005 | 11.22% | 2.09% | 1.63x | 3.29x | $610.00K |
| 2006 | 18.55% | 3.54% | 1.59x | 3.30x | $5.07 Million |
| 2007 | 1.19% | 0.20% | 1.41x | 4.19x | $-5.20 Million |
| 2008 | 11.69% | 2.03% | 1.57x | 3.66x | $1.26 Million |
| 2009 | 29.01% | 6.17% | 1.52x | 3.10x | $17.76 Million |
| 2010 | 13.51% | 3.59% | 1.28x | 2.94x | $4.05 Million |
| 2011 | 11.70% | 3.19% | 1.15x | 3.18x | $2.51 Million |
| 2012 | 14.29% | 3.32% | 1.26x | 3.41x | $6.81 Million |
| 2013 | 16.72% | 3.59% | 1.16x | 4.01x | $12.54 Million |
| 2014 | 19.77% | 3.20% | 1.31x | 4.70x | $17.74 Million |
| 2015 | 20.87% | 2.62% | 1.25x | 6.37x | $17.08 Million |
| 2016 | 27.86% | 6.32% | 1.00x | 4.42x | $56.93 Million |
| 2017 | 17.78% | 4.44% | 0.75x | 5.32x | $33.56 Million |
| 2018 | 20.25% | 4.48% | 0.77x | 5.91x | $54.21 Million |
| 2019 | 23.50% | 4.45% | 1.07x | 4.94x | $80.36 Million |
| 2020 | 18.29% | 3.24% | 1.06x | 5.33x | $52.59 Million |
| 2021 | -28.13% | -68.59% | 0.14x | 2.98x | $-367.62 Million |
| 2022 | -35.18% | -25.61% | 0.31x | 4.45x | $-405.06 Million |
| 2023 | 28.72% | 5.78% | 1.11x | 4.47x | $189.56 Million |
| 2024 | 28.33% | 6.38% | 1.12x | 3.95x | $258.31 Million |
| 2025 | 27.72% | 6.23% | 1.21x | 3.67x | $285.62 Million |
Industry Comparison
This section compares Jet2 plc's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $1,679,171,626
- Average return on equity (ROE) among peers: -35.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jet2 plc (DRTGF) | $2.06 Billion | 8.53% | 2.04x | $2.31 Billion |
| Airbnb Inc (ABNB) | $-517.31 Million | 0.00% | 0.00x | $53.81 Billion |
| Ambitions Enterprise Management Co. L.L.C Class A Ordinary Shares (AHMA) | $4.00 Million | 32.27% | 1.02x | $9.98 Million |
| Booking Holdings Inc (BKNG) | $402.60 Million | -262.07% | 0.10x | $140.30 Billion |
| Carnival Corporation (CCL) | $13.79 Billion | 8.61% | 0.78x | $32.20 Billion |
| Consolidated Capital of North America Inc (CDNO) | $93.27K | 0.00% | 0.02x | $8.78 |
| Carnival Plc ADS (CUK) | $207.80 Million | 47.02% | 1.54x | $32.14 Billion |
| Carnival Corporation & plc (CUKPF) | $893.20 Million | 21.67% | 1.49x | $18.29 Billion |
| Despegar.com Corp (DESP) | $92.85 Million | -151.47% | 8.10x | $1.36 Billion |
| eDreams ODIGEO S.A (EDDRF) | $236.30 Million | -18.34% | 3.54x | $429.02 Million |