Corporate Travel Management Ltd

AU:CTD Australia Travel Services
Market Cap
$1.46 Billion
AU$2.35 Billion AUD
Market Cap Rank
#6643 Global
#63 in Australia
Share Price
AU$16.07
Change (1 day)
+0.00%
52-Week Range
AU$11.32 - AU$16.50
All Time High
AU$30.02
Categories
Companies in Australia Travel Services
About

Corporate Travel Management Limited, a travel management solutions company, manages the procurement and delivery of travel services in Australia and New Zealand, North America, Asia, and Europe. . The company provides corporate travels, meetings and event travel management, resources travel, sports travel, leisure travel, loyalty travel, and wholesale travel services, as well as accommodation age… Read more

Corporate Travel Management Ltd (CTD) - Net Assets

Latest net assets as of December 2024: AU$1.23 Billion AUD

Based on the latest financial reports, Corporate Travel Management Ltd (CTD) has net assets worth AU$1.23 Billion AUD as of December 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.59 Billion) and total liabilities (AU$354.79 Million). 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 AU$1.23 Billion
% of Total Assets 77.63%
Annual Growth Rate 48.4%
5-Year Change 113.35%
10-Year Change 404.72%
Growth Volatility 291.56

Corporate Travel Management Ltd - Net Assets Trend (2007–2024)

This chart illustrates how Corporate Travel Management 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 Corporate Travel Management Ltd (2007–2024)

The table below shows the annual net assets of Corporate Travel Management Ltd from 2007 to 2024.

Year Net Assets Change
2024-06-30 AU$1.19 Billion +0.26%
2023-06-30 AU$1.19 Billion +9.82%
2022-06-30 AU$1.08 Billion +27.00%
2021-06-30 AU$851.46 Million +52.57%
2020-06-30 AU$558.09 Million -5.81%
2019-06-30 AU$592.48 Million +25.66%
2018-06-30 AU$471.49 Million +17.46%
2017-06-30 AU$401.40 Million +46.80%
2016-06-30 AU$273.44 Million +15.91%
2015-06-30 AU$235.91 Million +77.53%
2014-06-30 AU$132.88 Million +92.25%
2013-06-30 AU$69.12 Million +30.39%
2012-06-30 AU$53.01 Million +38.65%
2011-06-30 AU$38.23 Million +27.36%
2010-06-30 AU$30.02 Million +256.04%
2009-06-30 AU$8.43 Million +1251.12%
2008-06-30 AU$624.00K -56.94%
2007-06-30 AU$1.45 Million --

Equity Component Analysis

This analysis shows how different components contribute to Corporate Travel Management 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 17827.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2024)

Component Amount Percentage
Retained Earnings AU$179.99 Million 15.32%
Common Stock AU$903.32 Million 76.89%
Other Comprehensive Income AU$91.57 Million 7.79%
Total Equity AU$1.17 Billion 100.00%

Corporate Travel Management Ltd Competitors by Market Cap

The table below lists competitors of Corporate Travel Management Ltd ranked by their market capitalization.

Company Market Cap
IFAST CORP. LTD
F:1O3
 		$1.18 Billion
Isiklar Enerji ve Yapi Holding AS
IS:IEYHO
 		$1.18 Billion
Yankey Engineering Co Ltd
TW:6691
 		$1.18 Billion
ZF Commercial Vehicle Control Systems India Limited
NSE:ZFCVINDIA
 		$1.18 Billion
Tata Chemicals Limited
NSE:TATACHEM
 		$1.18 Billion
IMDEX Ltd
AU:IMD
 		$1.18 Billion
Ingles Markets Incorporated
NASDAQ:IMKTA
 		$1.18 Billion
PARK24 CO. LTD
F:5FJ
 		$1.18 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Corporate Travel Management Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,172,687,000 to 1,174,885,000, a change of 2,198,000 (0.2%).
  • Net income of 84,452,000 contributed positively to equity growth.
  • Dividend payments of 57,033,000 reduced retained earnings.
  • Share repurchases of 26,080,000 reduced equity.
  • Other comprehensive income increased equity by 859,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income AU$84.45 Million +7.19%
Dividends Paid AU$57.03 Million -4.85%
Share Repurchases AU$26.08 Million -2.22%
Other Comprehensive Income AU$859.00K +0.07%
Total Change AU$- 0.19%

Book Value vs Market Value Analysis

This analysis compares Corporate Travel Management 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: 2.00x
  • 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 40.28x to 2.00x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2010-06-30 AU$0.40 AU$16.07 x
2011-06-30 AU$0.58 AU$16.07 x
2012-06-30 AU$0.68 AU$16.07 x
2013-06-30 AU$0.91 AU$16.07 x
2014-06-30 AU$1.48 AU$16.07 x
2015-06-30 AU$2.37 AU$16.07 x
2016-06-30 AU$2.63 AU$16.07 x
2017-06-30 AU$3.72 AU$16.07 x
2018-06-30 AU$4.23 AU$16.07 x
2019-06-30 AU$5.08 AU$16.07 x
2020-06-30 AU$4.81 AU$16.07 x
2021-06-30 AU$6.50 AU$16.07 x
2022-06-30 AU$7.62 AU$16.07 x
2023-06-30 AU$7.99 AU$16.07 x
2024-06-30 AU$8.05 AU$16.07 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Corporate Travel Management 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): 7.19%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 11.93%
  • • Asset Turnover: 0.43x
  • • Equity Multiplier: 1.40x
  • Recent ROE (7.19%) is below the historical average (11.05%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2010 11.05% 10.51% 0.72x 1.46x AU$315.20K
2011 21.63% 18.01% 0.78x 1.54x AU$4.44 Million
2012 22.26% 18.25% 0.77x 1.58x AU$6.50 Million
2013 17.93% 15.98% 0.67x 1.68x AU$5.48 Million
2014 12.74% 14.34% 0.44x 2.00x AU$3.41 Million
2015 11.80% 13.32% 0.45x 1.97x AU$4.02 Million
2016 16.29% 15.91% 0.46x 2.21x AU$16.27 Million
2017 14.12% 16.74% 0.44x 1.92x AU$15.92 Million
2018 16.88% 20.61% 0.46x 1.77x AU$31.28 Million
2019 15.17% 19.30% 0.45x 1.77x AU$29.38 Million
2020 -1.52% -2.59% 0.40x 1.45x AU$-62.07 Million
2021 -6.62% -31.80% 0.15x 1.39x AU$-138.96 Million
2022 0.29% 0.82% 0.24x 1.45x AU$-103.69 Million
2023 6.62% 11.93% 0.37x 1.50x AU$-39.69 Million
2024 7.19% 11.93% 0.43x 1.40x AU$-33.04 Million

Industry Comparison

This section compares Corporate Travel Management Ltd's net assets metrics with peer companies in the Travel Services industry.

Industry Context

  • Industry: Travel Services
  • Average net assets among peers: $84,962,860
  • Average return on equity (ROE) among peers: -17.32%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Corporate Travel Management Ltd (CTD) AU$1.23 Billion 11.05% 0.29x $1.18 Billion
Flight Centre Travel Group Ltd (FLT) $27.25 Million -0.23% 3.36x $1.18 Billion
Helloworld Travel Ltd (HLO) $328.35 Million 9.32% 0.87x $83.57 Million
Jayride Group Ltd (JAY) $6.11 Million -94.31% 0.29x $2.59 Million
WEB Travel Group Ltd (WEB) $30.00 Million 31.23% 0.23x $565.42 Million
Webjet Group Ltd (WJL) $33.10 Million -32.63% 4.85x $83.91 Million