CTT Correios de Portugal SA (CTT) - Net Assets
Based on the latest financial reports, CTT Correios de Portugal SA (CTT) has net assets worth €298.38 Million EUR (≈ $348.84 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.83 Billion ≈ $6.81 Billion USD) and total liabilities (€5.53 Billion ≈ $6.46 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 financial resilience of CTT Correios de Portugal SA to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €298.38 Million |
| % of Total Assets | 5.12% |
| Annual Growth Rate | 1.17% |
| 5-Year Change | 105.13% |
| 10-Year Change | 22.41% |
| Growth Volatility | 13.82 |
CTT Correios de Portugal SA - Net Assets Trend (2007–2024)
This chart illustrates how CTT Correios de Portugal SA's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of CTT Correios de Portugal SA for the complete picture of this company's asset base.
Annual Net Assets for CTT Correios de Portugal SA (2007–2024)
The table below shows the annual net assets of CTT Correios de Portugal SA from 2007 to 2024. For live valuation and market cap data, see CTT Correios de Portugal SA market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €308.26 Million ≈ $360.39 Million |
+21.72% |
| 2023-12-31 | €253.25 Million ≈ $296.08 Million |
+12.59% |
| 2022-12-31 | €224.93 Million ≈ $262.97 Million |
+28.87% |
| 2021-12-31 | €174.55 Million ≈ $204.06 Million |
+16.15% |
| 2020-12-31 | €150.28 Million ≈ $175.69 Million |
+14.35% |
| 2019-12-31 | €131.41 Million ≈ $153.64 Million |
-10.45% |
| 2018-12-31 | €146.75 Million ≈ $171.57 Million |
-20.24% |
| 2017-12-31 | €183.99 Million ≈ $215.10 Million |
-21.14% |
| 2016-12-31 | €233.33 Million ≈ $272.78 Million |
-7.35% |
| 2015-12-31 | €251.83 Million ≈ $294.42 Million |
+1.05% |
| 2014-12-31 | €249.21 Million ≈ $291.35 Million |
-9.68% |
| 2013-12-31 | €275.93 Million ≈ $322.60 Million |
+0.90% |
| 2012-12-31 | €273.48 Million ≈ $319.73 Million |
+6.27% |
| 2011-12-31 | €257.36 Million ≈ $300.88 Million |
+8.84% |
| 2010-12-31 | €236.46 Million ≈ $276.45 Million |
+6.55% |
| 2009-12-31 | €221.92 Million ≈ $259.45 Million |
-10.65% |
| 2008-12-31 | €248.38 Million ≈ $290.38 Million |
-1.88% |
| 2007-12-31 | €253.14 Million ≈ $295.95 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CTT Correios de Portugal SA'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 112.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €163.38 Million | 65.99% |
| Other Components | €84.20 Million | 34.01% |
| Total Equity | €247.58 Million | 100.00% |
CTT Correios de Portugal SA Competitors by Market Cap
The table below lists competitors of CTT Correios de Portugal SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Advance Gearbox Group Co Ltd
SHG:601177
|
$951.01 Million |
|
Empire State Realty Trust Inc
NYSE:ESRT
|
$951.02 Million |
|
INDIA SHELTER FINANCE CORPORATION LIMITED
NSE:INDIASHLTR
|
$951.30 Million |
|
Uniphar Group PLC
IR:UPR
|
$951.34 Million |
|
Guangdong Kinlong Hardware Products Co Ltd
SHE:002791
|
$950.76 Million |
|
Bear Electric Appliance Co Ltd
SHE:002959
|
$950.10 Million |
|
Xiamen Anne Corp Ltd
SHE:002235
|
$949.87 Million |
|
Fujian Yuanli Active Carbon Co Ltd
SHE:300174
|
$949.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CTT Correios de Portugal SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 251,628,671 to 247,582,768, a change of -4,045,903 (-1.6%).
- Net income of 45,536,317 contributed positively to equity growth.
- Dividend payments of 24,967,663 reduced retained earnings.
- Share repurchases of 20,717,148 reduced equity.
- New share issuances of 25,000,000 increased equity.
- Other factors decreased equity by 28,897,409.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €45.54 Million | +18.39% |
| Dividends Paid | €24.97 Million | -10.08% |
| Share Repurchases | €20.72 Million | -8.37% |
| Share Issuances | €25.00 Million | +10.1% |
| Other Changes | €-28.90 Million | -11.67% |
| Total Change | €- | -1.61% |
Book Value vs Market Value Analysis
This analysis compares CTT Correios de Portugal SA'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: 3.49x
- 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 5.23x to 3.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.23 | €6.41 | x |
| 2018-12-31 | €0.98 | €6.41 | x |
| 2019-12-31 | €0.87 | €6.41 | x |
| 2020-12-31 | €1.00 | €6.41 | x |
| 2021-12-31 | €1.16 | €6.41 | x |
| 2022-12-31 | €1.57 | €6.41 | x |
| 2023-12-31 | €1.80 | €6.41 | x |
| 2024-12-31 | €1.84 | €6.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CTT Correios de Portugal SA 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): 18.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.28%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 23.06x
- Recent ROE (18.39%) is below the historical average (20.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 22.24% | 8.79% | 0.63x | 4.01x | €33.58 Million |
| 2014 | 30.93% | 10.93% | 0.60x | 4.73x | €52.22 Million |
| 2015 | 28.64% | 10.16% | 0.63x | 4.45x | €46.90 Million |
| 2016 | 26.63% | 9.28% | 0.51x | 5.64x | €38.82 Million |
| 2017 | 14.83% | 4.01% | 0.42x | 8.75x | €8.88 Million |
| 2018 | 13.39% | 2.83% | 0.39x | 12.07x | €4.96 Million |
| 2019 | 22.26% | 4.07% | 0.29x | 19.16x | €16.08 Million |
| 2020 | 11.12% | 2.32% | 0.25x | 19.31x | €1.67 Million |
| 2021 | 22.07% | 4.72% | 0.23x | 20.61x | €21.01 Million |
| 2022 | 16.28% | 4.22% | 0.21x | 18.15x | €14.05 Million |
| 2023 | 24.05% | 6.41% | 0.20x | 18.90x | €35.35 Million |
| 2024 | 18.39% | 4.28% | 0.19x | 23.06x | €20.78 Million |
Industry Comparison
This section compares CTT Correios de Portugal SA's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
No peer company data available for comparison.
About CTT Correios de Portugal SA
CTT - Correios De Portugal, S.A., together with its subsidiaries, provides postal and financial services worldwide. The company operates through Logistics- Mail & Others, Logistics - Express & Parcels, Bank & Financial Services- Financial Services & Retail, and Bank & Financial Service - Bank segments. It offers courier and urgent mail transport services; postal financial services; contact center… Read more