Air Asia Co Ltd
Air Asia Co., Ltd. operates as an aircraft maintenance company in Taiwan, rest of Asia, and internationally. The company offers civilian and military aircraft maintenance, engine and component maintenance, helicopter maintenance, and aeronautical parts asset management services; and commercial and military aircraft maintenance, repair, and overhaul services comprising A/B/C/D checks, airworthines… Read more
Air Asia Co Ltd (2630) - Net Assets
Latest net assets as of September 2025: NT$3.52 Billion TWD
Based on the latest financial reports, Air Asia Co Ltd (2630) has net assets worth NT$3.52 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$6.29 Billion) and total liabilities (NT$2.77 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$3.52 Billion |
| % of Total Assets | 55.96% |
| Annual Growth Rate | 8.33% |
| 5-Year Change | 112.02% |
| 10-Year Change | 170.64% |
| Growth Volatility | 22.12 |
Air Asia Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Air Asia Co Ltd'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 Asia Co Ltd (2012–2024)
The table below shows the annual net assets of Air Asia Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.47 Billion | +1.03% |
| 2023-12-31 | NT$3.43 Billion | +78.44% |
| 2022-12-31 | NT$1.92 Billion | -1.01% |
| 2021-12-31 | NT$1.94 Billion | +18.81% |
| 2020-12-31 | NT$1.64 Billion | +2.04% |
| 2019-12-31 | NT$1.60 Billion | -4.31% |
| 2018-12-31 | NT$1.68 Billion | +15.02% |
| 2017-12-31 | NT$1.46 Billion | -1.10% |
| 2016-12-31 | NT$1.47 Billion | +14.94% |
| 2015-12-31 | NT$1.28 Billion | -6.77% |
| 2014-12-31 | NT$1.37 Billion | +7.15% |
| 2013-12-31 | NT$1.28 Billion | -3.42% |
| 2012-12-31 | NT$1.33 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Air Asia Co Ltd'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 14.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$140.61 Million | 4.05% |
| Common Stock | NT$2.09 Billion | 60.37% |
| Other Comprehensive Income | NT$255.62 Million | 7.37% |
| Other Components | NT$978.79 Million | 28.21% |
| Total Equity | NT$3.47 Billion | 100.00% |
Air Asia Co Ltd Competitors by Market Cap
The table below lists competitors of Air Asia Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FIT Holding Co Ltd
TW:3712
|
$128.24 Million |
|
Shanghai Rightongene Biotechnology Co. Ltd. A
SHG:688217
|
$128.25 Million |
|
CN EVERBRIGHT WATER HD 1
F:BIU2
|
$128.27 Million |
|
Biofarm Bucure
RO:BIO
|
$128.28 Million |
|
Prime US REIT
OTCGREY:KBSUF
|
$128.15 Million |
|
RocKontrol Technology Group Co Ltd
SHG:688051
|
$128.14 Million |
|
Greenpanel Industries Limited
NSE:GREENPANEL
|
$128.10 Million |
|
EASY HOLDINGS Co. Ltd
KQ:035810
|
$128.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Air Asia Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,433,971,000 to 3,469,405,000, a change of 35,434,000 (1.0%).
- Net income of 140,609,000 contributed positively to equity growth.
- Dividend payments of 111,002,000 reduced retained earnings.
- Other comprehensive income increased equity by 14,959,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$140.61 Million | +4.05% |
| Dividends Paid | NT$111.00 Million | -3.2% |
| Other Comprehensive Income | NT$14.96 Million | +0.43% |
| Other Changes | NT$-9.13 Million | -0.26% |
| Total Change | NT$- | 1.03% |
Book Value vs Market Value Analysis
This analysis compares Air Asia Co Ltd'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: 3.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.87x to 3.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | NT$10.25 | NT$49.90 | x |
| 2013-12-31 | NT$9.25 | NT$49.90 | x |
| 2014-12-31 | NT$9.91 | NT$49.90 | x |
| 2015-12-31 | NT$9.24 | NT$49.90 | x |
| 2016-12-31 | NT$10.62 | NT$49.90 | x |
| 2017-12-31 | NT$10.31 | NT$49.90 | x |
| 2018-12-31 | NT$10.67 | NT$49.90 | x |
| 2019-12-31 | NT$9.30 | NT$49.90 | x |
| 2020-12-31 | NT$8.66 | NT$49.90 | x |
| 2021-12-31 | NT$10.29 | NT$49.90 | x |
| 2022-12-31 | NT$11.08 | NT$49.90 | x |
| 2023-12-31 | NT$18.32 | NT$49.90 | x |
| 2024-12-31 | NT$16.55 | NT$49.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Air Asia Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.70%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.66x
- Recent ROE (4.05%) is below the historical average (4.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 7.54% | 5.14% | 0.93x | 1.58x | NT$-32.67 Million |
| 2013 | 2.60% | 1.84% | 0.96x | 1.46x | NT$-95.00 Million |
| 2014 | 8.85% | 7.04% | 0.84x | 1.49x | NT$-15.79 Million |
| 2015 | 2.99% | 1.81% | 1.01x | 1.64x | NT$-89.83 Million |
| 2016 | 13.27% | 7.16% | 1.21x | 1.54x | NT$48.25 Million |
| 2017 | 8.47% | 5.10% | 1.13x | 1.47x | NT$-22.32 Million |
| 2018 | 0.92% | 0.57% | 0.80x | 2.04x | NT$-152.20 Million |
| 2019 | 2.81% | 1.15% | 0.86x | 2.83x | NT$-115.36 Million |
| 2020 | 2.59% | 1.09% | 0.89x | 2.68x | NT$-121.25 Million |
| 2021 | 3.96% | 1.98% | 0.82x | 2.44x | NT$-117.43 Million |
| 2022 | 0.70% | 0.33% | 0.83x | 2.55x | NT$-178.96 Million |
| 2023 | 1.66% | 1.17% | 0.89x | 1.59x | NT$-286.28 Million |
| 2024 | 4.05% | 2.70% | 0.90x | 1.66x | NT$-206.33 Million |
Industry Comparison
This section compares Air Asia Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $4,230,986,889
- Average return on equity (ROE) among peers: -1.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Air Asia Co Ltd (2630) | NT$3.52 Billion | 7.54% | 0.79x | $128.23 Million |
| CSBC Corp Taiwan (2208) | $6.46 Billion | -28.16% | 4.43x | $525.67 Million |
| Aerospace Industrial Development Corp (2634) | $10.29 Billion | 18.18% | 1.46x | $930.79 Million |
| Evergreen Aviation Tech Corp (2645) | $12.96 Billion | 14.14% | 0.78x | $561.99 Million |
| Magnate Technology Co Ltd (4541) | $1.78 Billion | 6.76% | 1.01x | $62.02 Million |
| Chaheng Precision Co. Ltd. (4546) | $1.54 Billion | 16.24% | 1.47x | $63.91 Million |
| Drewloong Precision Inc (4572) | $502.67 Million | 0.00% | 0.34x | $105.03 Million |
| Lungteh Shipbldg Co Ltd (6753) | $3.69 Billion | 19.15% | 1.75x | $224.84 Million |
| Carbon-Based Technology Inc. (7719) | $107.95 Million | -49.04% | 0.35x | $11.45K |
| Aero Win Technology Corp (8222) | $751.28 Million | -13.70% | 0.72x | $59.21 Million |