Finnair Oyj
Finnair Oyj operates in the airline business in North Atlantic, Asia, Europe, Middle East, and internationally. The company offers Finnair and oneworld global network, passenger and cargo traffic, ancillary services, package tours under the Aurinkomatkat-Suntours brand name, and other travel products; and support services comprising catering, aircraft maintenance, ground handling, and airline tra… Read more
Finnair Oyj (FNNNF) - Net Assets
Latest net assets as of December 2025: $636.70 Million USD
Based on the latest financial reports, Finnair Oyj (FNNNF) has net assets worth $636.70 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.69 Billion) and total liabilities ($3.05 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 | $636.70 Million |
| % of Total Assets | 17.27% |
| Annual Growth Rate | -0.09% |
| 5-Year Change | 33.84% |
| 10-Year Change | -25.71% |
| Growth Volatility | 23.12 |
Finnair Oyj - Net Assets Trend (2002–2025)
This chart illustrates how Finnair Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Finnair Oyj (2002–2025)
The table below shows the annual net assets of Finnair Oyj from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $636.70 Million | +1.53% |
| 2024-12-31 | $627.10 Million | +8.68% |
| 2023-12-31 | $577.00 Million | +40.53% |
| 2022-12-31 | $410.60 Million | -13.69% |
| 2021-12-31 | $475.70 Million | -46.94% |
| 2020-12-31 | $896.60 Million | -7.22% |
| 2019-12-31 | $966.40 Million | -5.41% |
| 2018-12-31 | $1.02 Billion | +0.59% |
| 2017-12-31 | $1.02 Billion | +18.52% |
| 2016-12-31 | $857.00 Million | +17.80% |
| 2015-12-31 | $727.50 Million | +41.45% |
| 2014-12-31 | $514.30 Million | -25.66% |
| 2013-12-31 | $691.80 Million | -12.03% |
| 2012-12-31 | $786.40 Million | +4.50% |
| 2011-12-31 | $752.50 Million | -11.81% |
| 2010-12-31 | $853.30 Million | -0.02% |
| 2009-12-31 | $853.50 Million | +10.44% |
| 2008-12-31 | $772.80 Million | -21.70% |
| 2007-12-31 | $987.00 Million | +64.09% |
| 2006-12-31 | $601.50 Million | -10.76% |
| 2005-12-31 | $674.00 Million | +8.99% |
| 2004-12-31 | $618.40 Million | -0.37% |
| 2003-12-31 | $620.70 Million | -4.40% |
| 2002-12-31 | $649.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Finnair Oyj'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $636.70 Million | 100.00% |
| Total Equity | $636.70 Million | 100.00% |
Finnair Oyj Competitors by Market Cap
The table below lists competitors of Finnair Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IRPC PCL -NVDR- BA 1
F:NVPF
|
$360.73 Million |
|
Venturex Resources Ltd (Australia)
PINK:VTEXF
|
$360.74 Million |
|
Guangdong Biolight Meditech Co Ltd
SHE:300246
|
$360.97 Million |
|
Zhejiang Yankon Group Co Ltd
SHG:600261
|
$361.00 Million |
|
E2open Parent Holdings Inc
NYSE:ETWO
|
$360.37 Million |
|
Hwaxin Environmental Co. Ltd. A
SHE:301265
|
$360.26 Million |
|
Regenxbio Inc
NASDAQ:RGNX
|
$360.15 Million |
|
Potbelly Co
NASDAQ:PBPB
|
$360.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Finnair Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 627,100,000 to 636,700,000, a change of 9,600,000 (1.5%).
- Net income of 18,400,000 contributed positively to equity growth.
- Share repurchases of 22,500,000 reduced equity.
- Other comprehensive income decreased equity by 1,386,900,000.
- Other factors increased equity by 1,400,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $18.40 Million | +2.89% |
| Share Repurchases | $22.50 Million | -3.53% |
| Other Comprehensive Income | $-1.39 Billion | -217.83% |
| Other Changes | $1.40 Billion | +219.98% |
| Total Change | $- | 1.53% |
Book Value vs Market Value Analysis
This analysis compares Finnair Oyj'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: 1.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.03x to 1.28x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $129.25 | $3.99 | x |
| 2003-12-31 | $123.42 | $3.99 | x |
| 2004-12-31 | $119.81 | $3.99 | x |
| 2005-12-31 | $130.03 | $3.99 | x |
| 2006-12-31 | $113.77 | $3.99 | x |
| 2007-12-31 | $186.38 | $3.99 | x |
| 2008-12-31 | $111.83 | $3.99 | x |
| 2009-12-31 | $123.39 | $3.99 | x |
| 2010-12-31 | $123.38 | $3.99 | x |
| 2011-12-31 | $109.15 | $3.99 | x |
| 2012-12-31 | $113.68 | $3.99 | x |
| 2013-12-31 | $100.12 | $3.99 | x |
| 2014-12-31 | $74.63 | $3.99 | x |
| 2015-12-31 | $105.56 | $3.99 | x |
| 2016-12-31 | $124.84 | $3.99 | x |
| 2017-12-31 | $147.50 | $3.99 | x |
| 2018-12-31 | $148.14 | $3.99 | x |
| 2019-12-31 | $140.56 | $3.99 | x |
| 2020-12-31 | $85.83 | $3.99 | x |
| 2021-12-31 | $34.07 | $3.99 | x |
| 2022-12-31 | $29.19 | $3.99 | x |
| 2023-12-31 | $59.85 | $3.99 | x |
| 2024-12-31 | $3.05 | $3.99 | x |
| 2025-12-31 | $3.11 | $3.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Finnair Oyj 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): 2.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.59%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 5.79x
- Recent ROE (2.89%) is above the historical average (-7.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.68% | 2.22% | 1.12x | 2.29x | $-27.95 Million |
| 2003 | -2.62% | -1.04% | 1.10x | 2.29x | $-78.03 Million |
| 2004 | 1.92% | 0.69% | 1.15x | 2.40x | $-49.80 Million |
| 2005 | 9.13% | 3.28% | 1.14x | 2.44x | $-5.84 Million |
| 2006 | -2.27% | -0.68% | 1.20x | 2.77x | $-73.59 Million |
| 2007 | 10.31% | 4.66% | 1.02x | 2.18x | $3.07 Million |
| 2008 | -5.42% | -1.85% | 1.09x | 2.69x | $-118.97 Million |
| 2009 | -11.95% | -5.54% | 0.75x | 2.87x | $-187.16 Million |
| 2010 | -2.67% | -1.13% | 0.84x | 2.83x | $-108.05 Million |
| 2011 | -11.64% | -3.88% | 0.96x | 3.14x | $-162.68 Million |
| 2012 | 1.46% | 0.47% | 1.09x | 2.85x | $-67.05 Million |
| 2013 | 1.56% | 0.45% | 1.09x | 3.18x | $-58.38 Million |
| 2014 | -16.08% | -3.62% | 1.21x | 3.67x | $-134.13 Million |
| 2015 | 10.06% | 3.15% | 1.13x | 2.82x | $450.00K |
| 2016 | 8.18% | 3.03% | 0.92x | 2.95x | $-15.60 Million |
| 2017 | 15.44% | 6.10% | 0.89x | 2.84x | $55.23 Million |
| 2018 | 14.75% | 5.32% | 0.96x | 2.88x | $48.53 Million |
| 2019 | 6.41% | 2.00% | 0.80x | 4.01x | $-34.74 Million |
| 2020 | -58.35% | -63.10% | 0.23x | 4.07x | $-612.86 Million |
| 2021 | -97.60% | -55.38% | 0.21x | 8.51x | $-511.87 Million |
| 2022 | -115.98% | -20.21% | 0.57x | 10.07x | $-517.26 Million |
| 2023 | 44.07% | 8.47% | 0.81x | 6.41x | $196.60 Million |
| 2024 | 5.90% | 1.21% | 0.82x | 5.93x | $-25.71 Million |
| 2025 | 2.89% | 0.59% | 0.84x | 5.79x | $-45.27 Million |
Industry Comparison
This section compares Finnair Oyj'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 |
|---|---|---|---|---|
| Finnair Oyj (FNNNF) | $636.70 Million | 5.68% | 4.79x | $360.48 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 |
| 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 |