Air Asia Co Ltd (2630) - Net Assets

Latest as of December 2025: NT$3.55 Billion TWD ≈ $111.81 Million USD

Based on the latest financial reports, Air Asia Co Ltd (2630) has net assets worth NT$3.55 Billion TWD (≈ $111.81 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 (NT$5.72 Billion ≈ $180.11 Million USD) and total liabilities (NT$2.17 Billion ≈ $68.31 Million USD). 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. Check 2630 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	NT$3.55 Billion
% of Total Assets	62.08%
Annual Growth Rate	7.85%
5-Year Change	82.54%
10-Year Change	140.86%
Growth Volatility	21.36

Air Asia Co Ltd - Net Assets Trend (2012–2025)

This chart illustrates how Air Asia Co Ltd's net assets have evolved over time, based on quarterly financial data. See Air Asia Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Air Asia Co Ltd (2012–2025)

The table below shows the annual net assets of Air Asia Co Ltd from 2012 to 2025. For live valuation and market cap data, see how much is Air Asia Co Ltd worth.

Year	Net Assets	Change
2025-12-31	NT$3.55 Billion ≈ $111.81 Million	+2.29%
2024-12-31	NT$3.47 Billion ≈ $109.31 Million	+1.03%
2023-12-31	NT$3.43 Billion ≈ $108.19 Million	+78.44%
2022-12-31	NT$1.92 Billion ≈ $60.63 Million	-1.01%
2021-12-31	NT$1.94 Billion ≈ $61.25 Million	+18.81%
2020-12-31	NT$1.64 Billion ≈ $51.56 Million	+2.04%
2019-12-31	NT$1.60 Billion ≈ $50.53 Million	-4.31%
2018-12-31	NT$1.68 Billion ≈ $52.80 Million	+15.02%
2017-12-31	NT$1.46 Billion ≈ $45.91 Million	-1.10%
2016-12-31	NT$1.47 Billion ≈ $46.42 Million	+14.94%
2015-12-31	NT$1.28 Billion ≈ $40.39 Million	-6.77%
2014-12-31	NT$1.37 Billion ≈ $43.32 Million	+7.15%
2013-12-31	NT$1.28 Billion ≈ $40.43 Million	-3.42%
2012-12-31	NT$1.33 Billion ≈ $41.86 Million	--

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 grown by 26.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	NT$209.73 Million	5.91%
Common Stock	NT$2.09 Billion	59.02%
Other Comprehensive Income	NT$265.93 Million	7.49%
Other Components	NT$978.79 Million	27.58%
Total Equity	NT$3.55 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
M3-Brigade Acquisition V Corp. Units NASDAQ:MBAVU	$258.75 Million
Enter Air S.A. WAR:ENT	$258.80 Million
Oxley Bridge Acquisition Limited Class A Ordinary Shares NASDAQ:OBA	$258.82 Million
Pioneer Acquisition I Corp Class A Ordinary Shares NASDAQ:PACH	$258.95 Million
Crescendo Corporation Bhd KLSE:6718	$258.60 Million
Asiacement KO:183190	$258.40 Million
Changzhou Tiansheng New Materials Co Ltd SHE:300169	$258.33 Million
Perimeter Acquisition Corp. I Class A Ordinary Shares NASDAQ:PMTR	$258.29 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 2024 to 2025, total equity changed from 3,469,405,000 to 3,548,828,000, a change of 79,423,000 (2.3%).
Net income of 209,725,000 contributed positively to equity growth.
Dividend payments of 129,969,000 reduced retained earnings.
Other comprehensive income increased equity by 10,308,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	NT$209.72 Million	+5.91%
Dividends Paid	NT$129.97 Million	-3.66%
Other Comprehensive Income	NT$10.31 Million	+0.29%
Other Changes	NT$-10.64 Million	-0.3%
Total Change	NT$-	2.29%

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: 2.32x
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 3.82x to 2.32x 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$39.20	x
2013-12-31	NT$9.25	NT$39.20	x
2014-12-31	NT$9.91	NT$39.20	x
2015-12-31	NT$9.24	NT$39.20	x
2016-12-31	NT$10.62	NT$39.20	x
2017-12-31	NT$10.31	NT$39.20	x
2018-12-31	NT$10.67	NT$39.20	x
2019-12-31	NT$9.30	NT$39.20	x
2020-12-31	NT$8.66	NT$39.20	x
2021-12-31	NT$10.29	NT$39.20	x
2022-12-31	NT$11.08	NT$39.20	x
2023-12-31	NT$18.32	NT$39.20	x
2024-12-31	NT$16.55	NT$39.20	x
2025-12-31	NT$16.92	NT$39.20	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): 5.91%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.85%
• Asset Turnover: 0.95x
• Equity Multiplier: 1.61x
Recent ROE (5.91%) is above the historical average (4.74%), indicating improving 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$-206.33 Million
2025	5.91%	3.85%	0.95x	1.61x	NT$-145.16 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: $7,488,222,833
Average return on equity (ROE) among peers: 8.88%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Air Asia Co Ltd (2630)	NT$3.55 Billion	7.54%	0.61x	$258.66 Million
CSBC Corp Taiwan (2208)	$13.78 Billion	4.94%	0.96x	$716.77 Million
Aerospace Industrial Development Corp (2634)	$10.29 Billion	18.18%	1.46x	$1.40 Billion
Evergreen Aviation Tech Corp (2645)	$13.81 Billion	14.81%	1.55x	$1.98 Billion
Magnate Technology Co Ltd (4541)	$1.62 Billion	-4.77%	1.52x	$108.69 Million
Lungteh Shipbldg Co Ltd (6753)	$4.69 Billion	14.57%	1.36x	$439.60 Million
Aero Win Technology Corp (8222)	$730.59 Million	5.54%	0.88x	$76.80 Million

About Air Asia Co Ltd

TW:2630 Taiwan Aerospace & Defense

Market Cap

$258.66 Million

NT$8.21 Billion TWD

Market Cap Rank

#15608 Global

#725 in Taiwan

Share Price

NT$39.20

Change (1 day)

+1.29%

52-Week Range

NT$33.55 - NT$72.70

All Time High

NT$174.30