CAE Inc.
CAE Inc., together with its subsidiaries, provides training, simulation, and critical operation solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, ground personnel, and… Read more
CAE Inc. (CAE) - Net Assets
Latest net assets as of December 2025: $5.25 Billion USD
Based on the latest financial reports, CAE Inc. (CAE) has net assets worth $5.25 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.03 Billion) and total liabilities ($5.78 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 | $5.25 Billion |
| % of Total Assets | 47.62% |
| Annual Growth Rate | 11.41% |
| 5-Year Change | 54.88% |
| 10-Year Change | 156.46% |
| Growth Volatility | 20.06 |
CAE Inc. - Net Assets Trend (1994–2025)
This chart illustrates how CAE Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CAE Inc. (1994–2025)
The table below shows the annual net assets of CAE Inc. from 1994 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $4.98 Billion | +15.65% |
| 2024-03-31 | $4.30 Billion | -6.24% |
| 2023-03-31 | $4.59 Billion | +12.29% |
| 2022-03-31 | $4.09 Billion | +27.20% |
| 2021-03-31 | $3.21 Billion | +77.36% |
| 2020-03-31 | $1.81 Billion | -24.84% |
| 2019-03-31 | $2.41 Billion | +1.83% |
| 2018-03-31 | $2.37 Billion | +13.72% |
| 2017-03-31 | $2.08 Billion | +7.25% |
| 2016-03-31 | $1.94 Billion | +16.61% |
| 2015-03-31 | $1.66 Billion | +12.26% |
| 2014-03-31 | $1.48 Billion | +30.65% |
| 2013-03-31 | $1.13 Billion | +8.86% |
| 2012-03-31 | $1.04 Billion | -17.90% |
| 2011-03-31 | $1.27 Billion | +9.83% |
| 2010-03-31 | $1.16 Billion | -4.09% |
| 2009-03-31 | $1.21 Billion | +27.05% |
| 2008-03-31 | $948.50 Million | +14.29% |
| 2007-03-31 | $829.90 Million | +22.89% |
| 2006-03-31 | $675.30 Million | +3.64% |
| 2005-03-31 | $651.60 Million | -29.08% |
| 2004-03-31 | $918.80 Million | +22.47% |
| 2003-03-31 | $750.20 Million | +21.29% |
| 2002-03-31 | $618.50 Million | +33.27% |
| 2001-03-31 | $464.10 Million | +22.36% |
| 2000-03-31 | $379.30 Million | +12.12% |
| 1999-03-31 | $338.30 Million | +22.35% |
| 1998-03-31 | $276.50 Million | +20.95% |
| 1997-03-31 | $228.60 Million | +26.44% |
| 1996-03-31 | $180.80 Million | +30.26% |
| 1995-03-31 | $138.80 Million | -20.50% |
| 1994-03-31 | $174.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CAE Inc.'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 236210000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.11 Billion | 43.19% |
| Common Stock | $2.33 Billion | 47.57% |
| Other Comprehensive Income | $381.80 Million | 7.81% |
| Other Components | $69.80 Million | 1.43% |
| Total Equity | $4.89 Billion | 100.00% |
CAE Inc. Competitors by Market Cap
The table below lists competitors of CAE Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nongfu Spring Co. Ltd
PINK:NNFSF
|
$8.18 Billion |
|
Airports of Thailand Public Company Limited
PINK:AIPUF
|
$8.18 Billion |
|
Continental AG O.N.
LSE:0LQ1
|
$8.21 Billion |
|
Foshan Haitian Flavouring and Food Co Ltd
SHG:603288
|
$8.22 Billion |
|
Smiths Group plc
PINK:SMGKF
|
$8.16 Billion |
|
South32 Limited
PINK:SHTLF
|
$8.15 Billion |
|
Watts Water Technologies Inc
NYSE:WTS
|
$8.15 Billion |
|
Littelfuse Inc
NASDAQ:LFUS
|
$8.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CAE Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,224,900,000 to 4,891,500,000, a change of 666,600,000 (15.8%).
- Net income of 405,300,000 contributed positively to equity growth.
- Share repurchases of 21,300,000 reduced equity.
- New share issuances of 67,100,000 increased equity.
- Other comprehensive income increased equity by 227,800,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $405.30 Million | +8.29% |
| Share Repurchases | $21.30 Million | -0.44% |
| Share Issuances | $67.10 Million | +1.37% |
| Other Comprehensive Income | $227.80 Million | +4.66% |
| Other Changes | $-12.30 Million | -0.25% |
| Total Change | $- | 15.78% |
Book Value vs Market Value Analysis
This analysis compares CAE Inc.'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: 1.84x
- 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 38.34x to 1.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-03-31 | $0.73 | $28.13 | x |
| 1995-03-31 | $0.62 | $28.13 | x |
| 1996-03-31 | $0.83 | $28.13 | x |
| 1997-03-31 | $1.06 | $28.13 | x |
| 1998-03-31 | $1.26 | $28.13 | x |
| 1999-03-31 | $1.53 | $28.13 | x |
| 2000-03-31 | $1.77 | $28.13 | x |
| 2001-03-31 | $2.15 | $28.13 | x |
| 2002-03-31 | $2.84 | $28.13 | x |
| 2003-03-31 | $3.39 | $28.13 | x |
| 2004-03-31 | $3.88 | $28.13 | x |
| 2005-03-31 | $2.63 | $28.13 | x |
| 2006-03-31 | $2.68 | $28.13 | x |
| 2007-03-31 | $3.28 | $28.13 | x |
| 2008-03-31 | $3.73 | $28.13 | x |
| 2009-03-31 | $4.73 | $28.13 | x |
| 2010-03-31 | $4.52 | $28.13 | x |
| 2011-03-31 | $4.93 | $28.13 | x |
| 2012-03-31 | $3.96 | $28.13 | x |
| 2013-03-31 | $4.25 | $28.13 | x |
| 2014-03-31 | $5.50 | $28.13 | x |
| 2015-03-31 | $6.07 | $28.13 | x |
| 2016-03-31 | $7.02 | $28.13 | x |
| 2017-03-31 | $7.50 | $28.13 | x |
| 2018-03-31 | $8.53 | $28.13 | x |
| 2019-03-31 | $8.70 | $28.13 | x |
| 2020-03-31 | $6.54 | $28.13 | x |
| 2021-03-31 | $11.55 | $28.13 | x |
| 2022-03-31 | $12.81 | $28.13 | x |
| 2023-03-31 | $14.16 | $28.13 | x |
| 2024-03-31 | $13.28 | $28.13 | x |
| 2025-03-31 | $15.30 | $28.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CAE Inc. 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): 8.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.61%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 2.29x
- Recent ROE (8.29%) is above the historical average (5.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | -226.23% | -38.45% | 1.28x | 4.61x | $-412.46 Million |
| 1995 | 11.24% | 2.37% | 1.22x | 3.89x | $1.72 Million |
| 1996 | 32.41% | 7.24% | 1.45x | 3.08x | $40.52 Million |
| 1997 | 26.38% | 6.95% | 1.24x | 3.06x | $37.44 Million |
| 1998 | 25.39% | 7.61% | 0.99x | 3.36x | $42.55 Million |
| 1999 | 22.85% | 7.22% | 0.97x | 3.26x | $43.47 Million |
| 2000 | 25.97% | 8.46% | 0.95x | 3.23x | $60.57 Million |
| 2001 | 23.29% | 9.07% | 0.90x | 2.86x | $61.69 Million |
| 2002 | 24.35% | 13.37% | 0.47x | 3.86x | $88.75 Million |
| 2003 | 15.62% | 10.37% | 0.48x | 3.14x | $42.18 Million |
| 2004 | 6.97% | 5.85% | 0.48x | 2.50x | $-27.88 Million |
| 2005 | -30.68% | -20.27% | 0.58x | 2.61x | $-265.06 Million |
| 2006 | 9.61% | 5.86% | 0.65x | 2.54x | $-2.63 Million |
| 2007 | 15.35% | 10.19% | 0.64x | 2.36x | $44.41 Million |
| 2008 | 4.61% | 3.07% | 0.63x | 2.38x | $-51.15 Million |
| 2009 | 16.55% | 12.00% | 0.62x | 2.22x | $78.89 Million |
| 2010 | 12.50% | 9.47% | 0.58x | 2.27x | $28.92 Million |
| 2011 | 13.38% | 10.42% | 0.57x | 2.25x | $42.86 Million |
| 2012 | 17.64% | 9.90% | 0.57x | 3.12x | $78.11 Million |
| 2013 | 12.64% | 6.62% | 0.54x | 3.52x | $29.13 Million |
| 2014 | 13.18% | 8.98% | 0.50x | 2.94x | $45.84 Million |
| 2015 | 12.51% | 8.98% | 0.48x | 2.89x | $40.53 Million |
| 2016 | 12.16% | 9.14% | 0.50x | 2.65x | $40.83 Million |
| 2017 | 12.45% | 9.30% | 0.51x | 2.65x | $49.42 Million |
| 2018 | 15.10% | 12.26% | 0.49x | 2.49x | $117.18 Million |
| 2019 | 14.16% | 9.99% | 0.46x | 3.07x | $96.87 Million |
| 2020 | 12.51% | 8.59% | 0.43x | 3.41x | $43.86 Million |
| 2021 | -1.50% | -1.58% | 0.34x | 2.79x | $-361.25 Million |
| 2022 | 3.53% | 4.20% | 0.35x | 2.39x | $-259.27 Million |
| 2023 | 4.94% | 5.55% | 0.38x | 2.32x | $-228.07 Million |
| 2024 | -7.20% | -7.10% | 0.44x | 2.33x | $-726.49 Million |
| 2025 | 8.29% | 8.61% | 0.42x | 2.29x | $-83.85 Million |
Industry Comparison
This section compares CAE Inc.'s net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $301,480,945
- Average return on equity (ROE) among peers: 29.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CAE Inc. (CAE) | $5.25 Billion | -226.23% | 1.10x | $8.17 Billion |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |