CTS Corporation (CTS) - Net Assets
Based on the latest financial reports, CTS Corporation (CTS) has net assets worth $547.65 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($790.37 Million) and total liabilities ($242.72 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. Check CTS Corporation asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $547.65 Million |
| % of Total Assets | 69.29% |
| Annual Growth Rate | 3.55% |
| 5-Year Change | 25.29% |
| 10-Year Change | 88.48% |
| Growth Volatility | 11.9 |
CTS Corporation - Net Assets Trend (1985–2024)
This chart illustrates how CTS Corporation's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of CTS Corporation for the complete picture of this company's asset base.
Annual Net Assets for CTS Corporation (1985–2024)
The table below shows the annual net assets of CTS Corporation from 1985 to 2024. For live valuation and market cap data, see CTS market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $530.85 Million | +0.76% |
| 2023-12-31 | $526.82 Million | +4.07% |
| 2022-12-31 | $506.22 Million | +9.20% |
| 2021-12-31 | $463.58 Million | +9.42% |
| 2020-12-31 | $423.68 Million | +4.56% |
| 2019-12-31 | $405.22 Million | +7.22% |
| 2018-12-31 | $377.93 Million | +9.93% |
| 2017-12-31 | $343.81 Million | +8.15% |
| 2016-12-31 | $317.88 Million | +12.86% |
| 2015-12-31 | $281.65 Million | -2.81% |
| 2014-12-31 | $289.79 Million | -2.39% |
| 2013-12-31 | $296.89 Million | +10.88% |
| 2012-12-31 | $267.76 Million | +1.69% |
| 2011-12-31 | $263.30 Million | -3.99% |
| 2010-12-31 | $274.25 Million | +10.83% |
| 2009-12-31 | $247.45 Million | -10.72% |
| 2008-12-31 | $277.18 Million | -14.52% |
| 2007-12-31 | $324.25 Million | +1.64% |
| 2006-12-31 | $319.02 Million | -3.20% |
| 2005-12-31 | $329.57 Million | +6.07% |
| 2004-12-31 | $310.70 Million | +5.61% |
| 2003-12-31 | $294.19 Million | +11.01% |
| 2002-12-31 | $265.02 Million | +9.12% |
| 2001-12-31 | $242.87 Million | -1.41% |
| 2000-12-31 | $246.36 Million | +49.49% |
| 1999-12-31 | $164.80 Million | +33.12% |
| 1998-12-31 | $123.80 Million | -16.07% |
| 1997-12-31 | $147.50 Million | -11.25% |
| 1996-12-31 | $166.20 Million | +13.60% |
| 1995-12-31 | $146.30 Million | +10.92% |
| 1994-12-31 | $131.90 Million | +10.65% |
| 1993-12-31 | $119.20 Million | -0.17% |
| 1992-12-31 | $119.40 Million | -2.53% |
| 1991-12-31 | $122.50 Million | +0.16% |
| 1990-12-31 | $122.30 Million | -2.08% |
| 1989-12-31 | $124.90 Million | +7.77% |
| 1988-12-31 | $115.90 Million | -7.65% |
| 1987-12-31 | $125.50 Million | +7.36% |
| 1986-12-31 | $116.90 Million | -14.11% |
| 1985-12-31 | $136.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CTS Corporation'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 519.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $655.49 Million | 123.48% |
| Common Stock | $321.98 Million | 60.65% |
| Other Comprehensive Income | $-4.27 Million | -0.80% |
| Total Equity | $530.85 Million | 100.00% |
CTS Corporation Competitors by Market Cap
The table below lists competitors of CTS Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiamen Kingdomway Group Co
SHE:002626
|
$1.36 Billion |
|
IMMUNOCORE HLDGS ADS/1
F:6YG
|
$1.36 Billion |
|
Enovis Corp
NYSE:ENOV
|
$1.36 Billion |
|
Nanfang Pump Industry
SHE:300145
|
$1.36 Billion |
|
Reysas Gayrimenkul Yatirim Ortakligi AS
IS:RYGYO
|
$1.36 Billion |
|
Shenzhen Jame Technology Corp Ltd
SHE:300868
|
$1.36 Billion |
|
Daou Tech
KO:023590
|
$1.36 Billion |
|
Unisem M Bhd
KLSE:5005
|
$1.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CTS Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 526,822,000 to 530,850,000, a change of 4,028,000 (0.8%).
- Net income of 58,114,000 contributed positively to equity growth.
- Dividend payments of 4,885,000 reduced retained earnings.
- Share repurchases of 42,596,000 reduced equity.
- Other comprehensive income decreased equity by 8,530,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $58.11 Million | +10.95% |
| Dividends Paid | $4.88 Million | -0.92% |
| Share Repurchases | $42.60 Million | -8.02% |
| Other Comprehensive Income | $-8.53 Million | -1.61% |
| Other Changes | $1.93 Million | +0.36% |
| Total Change | $- | 0.76% |
Book Value vs Market Value Analysis
This analysis compares CTS Corporation'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: 3.30x
- 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 14.06x to 3.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $4.05 | $57.00 | x |
| 1986-12-31 | $3.47 | $57.00 | x |
| 1987-12-31 | $3.71 | $57.00 | x |
| 1988-12-31 | $3.69 | $57.00 | x |
| 1989-12-31 | $3.84 | $57.00 | x |
| 1990-12-31 | $4.02 | $57.00 | x |
| 1991-12-31 | $4.08 | $57.00 | x |
| 1993-12-31 | $3.58 | $57.00 | x |
| 1994-12-31 | $4.24 | $57.00 | x |
| 1995-12-31 | $4.68 | $57.00 | x |
| 1996-12-31 | $5.25 | $57.00 | x |
| 1997-12-31 | $4.59 | $57.00 | x |
| 1998-12-31 | $4.23 | $57.00 | x |
| 1999-12-31 | $5.76 | $57.00 | x |
| 2000-12-31 | $8.58 | $57.00 | x |
| 2001-12-31 | $8.62 | $57.00 | x |
| 2002-12-31 | $8.02 | $57.00 | x |
| 2003-12-31 | $8.42 | $57.00 | x |
| 2004-12-31 | $8.25 | $57.00 | x |
| 2005-12-31 | $8.38 | $57.00 | x |
| 2006-12-31 | $8.31 | $57.00 | x |
| 2007-12-31 | $8.11 | $57.00 | x |
| 2008-12-31 | $7.32 | $57.00 | x |
| 2009-12-31 | $7.32 | $57.00 | x |
| 2010-12-31 | $7.87 | $57.00 | x |
| 2011-12-31 | $7.52 | $57.00 | x |
| 2012-12-31 | $7.76 | $57.00 | x |
| 2013-12-31 | $8.67 | $57.00 | x |
| 2014-12-31 | $8.49 | $57.00 | x |
| 2015-12-31 | $8.41 | $57.00 | x |
| 2016-12-31 | $9.56 | $57.00 | x |
| 2017-12-31 | $10.29 | $57.00 | x |
| 2018-12-31 | $11.26 | $57.00 | x |
| 2019-12-31 | $12.24 | $57.00 | x |
| 2020-12-31 | $13.00 | $57.00 | x |
| 2021-12-31 | $14.34 | $57.00 | x |
| 2022-12-31 | $15.70 | $57.00 | x |
| 2023-12-31 | $16.68 | $57.00 | x |
| 2024-12-31 | $17.28 | $57.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CTS Corporation 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): 10.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.27%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.44x
- Recent ROE (10.95%) is above the historical average (6.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 6.91% | 3.59% | 1.23x | 1.57x | $-4.21 Million |
| 1986 | -22.75% | -10.84% | 1.18x | 1.78x | $-38.29 Million |
| 1987 | 8.37% | 4.02% | 1.27x | 1.64x | $-2.05 Million |
| 1988 | -1.90% | -0.80% | 1.47x | 1.62x | $-13.79 Million |
| 1989 | 11.45% | 5.46% | 1.48x | 1.41x | $1.81 Million |
| 1990 | 5.97% | 2.91% | 1.46x | 1.41x | $-4.93 Million |
| 1991 | 3.43% | 1.83% | 1.30x | 1.44x | $-8.05 Million |
| 1993 | 1.68% | 0.84% | 1.28x | 1.55x | $-9.92 Million |
| 1994 | 10.61% | 5.21% | 1.30x | 1.57x | $810.00K |
| 1995 | 11.76% | 5.73% | 1.32x | 1.55x | $2.57 Million |
| 1996 | 12.76% | 6.60% | 1.29x | 1.50x | $4.58 Million |
| 1997 | 15.46% | 5.49% | 1.26x | 2.23x | $8.05 Million |
| 1998 | 30.29% | 10.12% | 1.26x | 2.37x | $25.12 Million |
| 1999 | 31.25% | 7.61% | 1.30x | 3.17x | $35.02 Million |
| 2000 | 34.02% | 9.67% | 1.29x | 2.73x | $59.17 Million |
| 2001 | -18.68% | -7.86% | 1.02x | 2.34x | $-69.66 Million |
| 2002 | -6.74% | -3.90% | 0.93x | 1.85x | $-44.35 Million |
| 2003 | 4.27% | 2.72% | 0.96x | 1.64x | $-16.84 Million |
| 2004 | 6.42% | 3.76% | 1.02x | 1.68x | $-11.11 Million |
| 2005 | 6.33% | 3.36% | 1.16x | 1.63x | $-12.05 Million |
| 2006 | 7.58% | 3.69% | 1.24x | 1.65x | $-7.71 Million |
| 2007 | 7.84% | 3.70% | 1.26x | 1.68x | $-7.01 Million |
| 2008 | 10.78% | 4.32% | 1.42x | 1.76x | $2.17 Million |
| 2009 | -13.76% | -6.82% | 1.22x | 1.65x | $-58.80 Million |
| 2010 | 8.04% | 3.99% | 1.15x | 1.76x | $-5.39 Million |
| 2011 | 7.96% | 3.56% | 1.22x | 1.83x | $-5.36 Million |
| 2012 | 7.59% | 3.52% | 1.03x | 2.10x | $-6.44 Million |
| 2013 | 0.41% | 0.30% | 0.85x | 1.62x | $-28.47 Million |
| 2014 | 9.15% | 6.56% | 0.88x | 1.58x | $-2.46 Million |
| 2015 | 2.47% | 1.82% | 0.79x | 1.72x | $-21.21 Million |
| 2016 | 10.82% | 8.66% | 0.77x | 1.63x | $2.59 Million |
| 2017 | 4.20% | 3.41% | 0.79x | 1.56x | $-19.93 Million |
| 2018 | 12.31% | 9.90% | 0.86x | 1.45x | $8.74 Million |
| 2019 | 8.92% | 7.71% | 0.73x | 1.59x | $-4.38 Million |
| 2020 | 8.19% | 8.18% | 0.68x | 1.48x | $-7.68 Million |
| 2021 | -9.03% | -8.16% | 0.77x | 1.43x | $-88.22 Million |
| 2022 | 11.77% | 10.15% | 0.78x | 1.48x | $8.95 Million |
| 2023 | 11.49% | 11.00% | 0.74x | 1.41x | $7.85 Million |
| 2024 | 10.95% | 11.27% | 0.67x | 1.44x | $5.03 Million |
Industry Comparison
This section compares CTS Corporation's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $106,799,061
- Average return on equity (ROE) among peers: 12.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CTS Corporation (CTS) | $547.65 Million | 6.91% | 0.44x | $1.36 Billion |
| Allient Inc. (ALNT) | $72.29 Million | 12.56% | 1.49x | $1.08 Billion |
| Amphenol Corporation (APH) | $481.60 Million | 33.91% | 1.71x | $174.92 Billion |
| Bel Fuse A Inc (BELFA) | $20.90 Million | 12.44% | 0.17x | $541.76 Million |
| Bel Fuse B Inc (BELFB) | $88.80 Million | 17.12% | 0.17x | $2.47 Billion |
| Benchmark Electronics Inc (BHE) | $16.30 Million | 12.88% | 0.23x | $2.22 Billion |
| Cps Technologies (CPSH) | $8.49 Million | 8.37% | 0.25x | $84.99 Million |
| Data I/O Corporation (DAIO) | $18.10 Million | -2.21% | 0.66x | $25.54 Million |
| Daktronics Inc (DAKT) | $197.62 Million | 2.81% | 0.82x | $960.33 Million |
| Deswell Industries Inc (DSWL) | $57.10 Million | 16.64% | 0.13x | $50.36 Million |
About CTS Corporation
CTS Corporation designs, manufactures, and sells sensors, connectivity components, and actuators in North America, Europe, and Asia. The company offers controls, pedals, sensors, switches, transducers, and piezo sensing products; EMI/RFI filters, capacitors, resistors, RF filters, and frequency control products; and piezo microactuators and rotary actuators. It serves transportation, industrial, … Read more