CSG N.V. (CSG) - Net Assets
Based on the latest financial reports, CSG N.V. (CSG) has net assets worth €1.73 Billion EUR (≈ $2.02 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 (€9.65 Billion ≈ $11.28 Billion USD) and total liabilities (€7.92 Billion ≈ $9.25 Billion 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 CSG N.V. (CSG) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.73 Billion |
| % of Total Assets | 17.93% |
| Annual Growth Rate | 42.3% |
| 5-Year Change | 327.78% |
| 10-Year Change | N/A |
| Growth Volatility | 62.96 |
CSG N.V. - Net Assets Trend (2015–2024)
This chart illustrates how CSG N.V.'s net assets have evolved over time, based on quarterly financial data. See CSG cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for CSG N.V. (2015–2024)
The table below shows the annual net assets of CSG N.V. from 2015 to 2024. For live valuation and market cap data, see CSG N.V. (CSG) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.49 Billion ≈ $1.75 Billion |
+117.48% |
| 2023-12-31 | €686.92 Million ≈ $803.08 Million |
+39.04% |
| 2022-12-31 | €494.03 Million ≈ $577.58 Million |
+32.74% |
| 2021-12-31 | €372.18 Million ≈ $435.11 Million |
+6.57% |
| 2020-12-31 | €349.22 Million ≈ $408.27 Million |
+1.99% |
| 2019-12-31 | €342.40 Million ≈ $400.30 Million |
+15.27% |
| 2018-12-31 | €297.05 Million ≈ $347.28 Million |
+26.88% |
| 2017-12-31 | €234.12 Million ≈ $273.71 Million |
+22.93% |
| 2016-12-31 | €190.45 Million ≈ $222.66 Million |
+205.15% |
| 2015-12-31 | €62.41 Million ≈ $72.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CSG N.V.'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 3280.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €998.07 Million | 84.54% |
| Common Stock | €78.43 Million | 6.64% |
| Other Comprehensive Income | €104.08 Million | 8.82% |
| Total Equity | €1.18 Billion | 100.00% |
CSG N.V. Competitors by Market Cap
The table below lists competitors of CSG N.V. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of Beijing Co Ltd
SHG:601169
|
$15.50 Billion |
|
Raiffeisen Bank International AG
VI:RBI
|
$15.50 Billion |
|
Genmab AS
NASDAQ:GMAB
|
$15.51 Billion |
|
Sprott Physical Gold Trust
TO:PHYS
|
$15.51 Billion |
|
Chongqing Sokon Ind Grp Co
SHG:601127
|
$15.49 Billion |
|
PTT Exploration and Production Public Company Limited
F:NVAL
|
$15.48 Billion |
|
RENAU.UNSP.ARD 1/5 EO-20
F:56S0
|
$15.47 Billion |
|
Jde Peets Nv
AS:JDEP
|
$15.46 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CSG N.V.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 460,438,000 to 1,180,578,000, a change of 720,140,000 (156.4%).
- Net income of 549,261,000 contributed positively to equity growth.
- Dividend payments of 15,954,000 reduced retained earnings.
- Other comprehensive income increased equity by 209,790,000.
- Other factors decreased equity by 22,957,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €549.26 Million | +46.52% |
| Dividends Paid | €15.95 Million | -1.35% |
| Other Comprehensive Income | €209.79 Million | +17.77% |
| Other Changes | €-22.96 Million | -1.94% |
| Total Change | €- | 156.40% |
Book Value vs Market Value Analysis
This analysis compares CSG N.V.'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: 12.08x
- 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 41.17x to 12.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.35 | €14.26 | x |
| 2022-12-31 | €0.32 | €14.26 | x |
| 2023-12-31 | €0.46 | €14.26 | x |
| 2024-12-31 | €1.18 | €14.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CSG N.V. 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): 46.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.60%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 6.80x
- Recent ROE (46.52%) is below the historical average (152.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 70.03% | 17.19% | 0.62x | 6.59x | €25.76 Million |
| 2016 | 17.81% | 11.60% | 0.44x | 3.48x | €10.80 Million |
| 2017 | 16.43% | 9.58% | 0.41x | 4.16x | €11.33 Million |
| 2018 | 13.15% | 7.07% | 0.56x | 3.31x | €7.54 Million |
| 2019 | 17.48% | 10.80% | 0.43x | 3.76x | €21.52 Million |
| 2020 | 9.60% | 5.08% | 0.56x | 3.36x | €-1.22 Million |
| 2021 | 354.29% | 8.50% | 13.10x | 3.18x | €1.19 Billion |
| 2022 | 939.18% | 11.93% | 9.82x | 8.02x | €2.94 Billion |
| 2023 | 37.80% | 10.04% | 0.52x | 7.28x | €128.01 Million |
| 2024 | 46.52% | 10.60% | 0.65x | 6.80x | €431.20 Million |
Industry Comparison
This section compares CSG N.V.'s net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $14,623,452
- Average return on equity (ROE) among peers: 50.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CSG N.V. (CSG) | €1.73 Billion | 70.03% | 4.58x | $15.50 Billion |
| Theon International Plc (THEON) | $14.62 Million | 50.81% | 2.16x | $2.53 Billion |
About CSG N.V.
CSG N.V. manufactures and sells defence products in the Czech Republic, Europe, the United States, and the Asia Pacific. The company operates through CSG Defence Systems and CSG Ammo + segments. The CSG Defence Systems segment focuses on the production, sale, service, and maintenance of military and defence equipment to customers, including governments and private companies. Its products include … Read more