Eva Airways Corp
EVA Airways Corp., together with its subsidiaries, engages in the aviation business in Taiwan, Asia, Europe, Oceania, and the United States. The company involved in civil and general aviation transportation; wholesale and retail of medical devices; and manufacture, sales, and maintenance of aircraft, parts and engine. It also provides catering and food manufacturing; ground service at airports; s… Read more
Eva Airways Corp (2618) - Net Assets
Latest net assets as of September 2025: NT$140.35 Billion TWD
Based on the latest financial reports, Eva Airways Corp (2618) has net assets worth NT$140.35 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$350.66 Billion) and total liabilities (NT$210.31 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 | NT$140.35 Billion |
| % of Total Assets | 40.03% |
| Annual Growth Rate | 6.07% |
| 5-Year Change | 71.86% |
| 10-Year Change | 140.73% |
| Growth Volatility | 15.02 |
Eva Airways Corp - Net Assets Trend (2003–2024)
This chart illustrates how Eva Airways Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Eva Airways Corp (2003–2024)
The table below shows the annual net assets of Eva Airways Corp from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$131.74 Billion | +12.58% |
| 2023-12-31 | NT$117.02 Billion | +21.59% |
| 2022-12-31 | NT$96.24 Billion | +3.81% |
| 2021-12-31 | NT$92.71 Billion | +20.93% |
| 2020-12-31 | NT$76.66 Billion | -1.90% |
| 2019-12-31 | NT$78.14 Billion | +11.44% |
| 2018-12-31 | NT$70.12 Billion | +9.20% |
| 2017-12-31 | NT$64.21 Billion | +8.21% |
| 2016-12-31 | NT$59.34 Billion | +8.42% |
| 2015-12-31 | NT$54.73 Billion | +37.93% |
| 2014-12-31 | NT$39.68 Billion | -1.44% |
| 2013-12-31 | NT$40.26 Billion | -1.12% |
| 2012-12-31 | NT$40.71 Billion | -2.24% |
| 2011-12-31 | NT$41.65 Billion | -5.58% |
| 2010-12-31 | NT$44.11 Billion | +25.12% |
| 2009-12-31 | NT$35.25 Billion | +22.78% |
| 2008-12-31 | NT$28.71 Billion | -38.99% |
| 2007-12-31 | NT$47.06 Billion | -3.74% |
| 2006-12-31 | NT$48.89 Billion | +5.08% |
| 2005-12-31 | NT$46.52 Billion | +7.92% |
| 2004-12-31 | NT$43.11 Billion | +12.81% |
| 2003-12-31 | NT$38.21 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eva Airways Corp'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 1989.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$57.77 Billion | 46.89% |
| Common Stock | NT$54.00 Billion | 43.83% |
| Other Comprehensive Income | NT$-1.51 Billion | -1.22% |
| Other Components | NT$12.94 Billion | 10.50% |
| Total Equity | NT$123.20 Billion | 100.00% |
Eva Airways Corp Competitors by Market Cap
The table below lists competitors of Eva Airways Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kiwoom
KO:039490
|
$4.35 Billion |
|
Valmet Oyj
PINK:VLMTY
|
$4.35 Billion |
|
UIPATH INC. A DL-00001
F:9UV
|
$4.35 Billion |
|
Opendoor Technologies Inc
NASDAQ:OPEN
|
$4.35 Billion |
|
Canadian Apartment Properties REIT
PINK:CDPYF
|
$4.34 Billion |
|
Boyd Gaming Corporation
NYSE:BYD
|
$4.34 Billion |
|
Addtech AB (publ.)
PINK:ADDHY
|
$4.34 Billion |
|
Colliers International Group Inc Bats
NASDAQ:CIGI
|
$4.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eva Airways Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 106,983,677,000 to 123,202,410,000, a change of 16,218,733,000 (15.2%).
- Net income of 29,007,422,000 contributed positively to equity growth.
- Dividend payments of 9,720,800,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,037,222,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$29.01 Billion | +23.54% |
| Dividends Paid | NT$9.72 Billion | -7.89% |
| Other Comprehensive Income | NT$-3.04 Billion | -2.47% |
| Other Changes | NT$-30.67 Million | -0.02% |
| Total Change | NT$- | 15.16% |
Book Value vs Market Value Analysis
This analysis compares Eva Airways Corp'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: 1.48x
- 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 2.08x to 1.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$16.10 | NT$33.55 | x |
| 2007-12-31 | NT$14.81 | NT$33.55 | x |
| 2008-12-31 | NT$8.52 | NT$33.55 | x |
| 2009-12-31 | NT$9.57 | NT$33.55 | x |
| 2010-12-31 | NT$10.22 | NT$33.55 | x |
| 2011-12-31 | NT$9.53 | NT$33.55 | x |
| 2012-12-31 | NT$9.20 | NT$33.55 | x |
| 2013-12-31 | NT$9.32 | NT$33.55 | x |
| 2014-12-31 | NT$8.94 | NT$33.55 | x |
| 2015-12-31 | NT$10.87 | NT$33.55 | x |
| 2016-12-31 | NT$11.68 | NT$33.55 | x |
| 2017-12-31 | NT$11.61 | NT$33.55 | x |
| 2018-12-31 | NT$12.70 | NT$33.55 | x |
| 2019-12-31 | NT$13.37 | NT$33.55 | x |
| 2020-12-31 | NT$14.59 | NT$33.55 | x |
| 2021-12-31 | NT$16.68 | NT$33.55 | x |
| 2022-12-31 | NT$16.40 | NT$33.55 | x |
| 2023-12-31 | NT$19.74 | NT$33.55 | x |
| 2024-12-31 | NT$22.61 | NT$33.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eva Airways Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.12%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.87x
- Recent ROE (23.54%) is above the historical average (2.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 3.65% | 2.14% | 0.57x | 3.00x | NT$-2.43 Billion |
| 2004 | 7.52% | 3.92% | 0.70x | 2.73x | NT$-1.07 Billion |
| 2005 | 3.02% | 1.44% | 0.67x | 3.11x | NT$-3.07 Billion |
| 2006 | -3.66% | -1.70% | 0.67x | 3.19x | NT$-6.30 Billion |
| 2007 | -4.24% | -1.89% | 0.62x | 3.58x | NT$-6.29 Billion |
| 2008 | -65.61% | -17.34% | 0.64x | 5.92x | NT$-19.46 Billion |
| 2009 | -8.88% | -3.49% | 0.51x | 4.99x | NT$-6.05 Billion |
| 2010 | 29.57% | 10.54% | 0.72x | 3.91x | NT$7.95 Billion |
| 2011 | 0.55% | 0.18% | 0.75x | 4.00x | NT$-3.58 Billion |
| 2012 | 1.38% | 0.42% | 0.80x | 4.08x | NT$-3.15 Billion |
| 2013 | 2.09% | 0.60% | 0.81x | 4.26x | NT$-2.84 Billion |
| 2014 | -3.80% | -0.98% | 0.79x | 4.87x | NT$-4.75 Billion |
| 2015 | 13.17% | 4.69% | 0.70x | 4.00x | NT$1.55 Billion |
| 2016 | 6.52% | 2.40% | 0.66x | 4.08x | NT$-1.86 Billion |
| 2017 | 9.92% | 3.52% | 0.72x | 3.93x | NT$-48.71 Million |
| 2018 | 10.31% | 3.64% | 0.75x | 3.79x | NT$194.60 Million |
| 2019 | 5.59% | 2.20% | 0.51x | 5.00x | NT$-3.14 Billion |
| 2020 | -4.63% | -3.68% | 0.27x | 4.66x | NT$-10.36 Billion |
| 2021 | 7.72% | 6.36% | 0.32x | 3.80x | NT$-1.96 Billion |
| 2022 | 8.06% | 5.14% | 0.43x | 3.63x | NT$-1.70 Billion |
| 2023 | 20.18% | 10.78% | 0.61x | 3.09x | NT$10.90 Billion |
| 2024 | 23.54% | 13.12% | 0.62x | 2.87x | NT$16.69 Billion |
Industry Comparison
This section compares Eva Airways Corp's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $6,049,759,500
- Average return on equity (ROE) among peers: 18.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eva Airways Corp (2618) | NT$140.35 Billion | 3.65% | 1.50x | $4.34 Billion |
| STARLUX Airlines Co. Ltd. (2646) | $4.47 Billion | 0.00% | 3.06x | $869.57 Million |
| Tigerair Taiwan Co. Ltd. (6757) | $7.63 Billion | 36.34% | 1.93x | $244.33 Million |