ITT Educational Services Inc
ITT Educational Services, Inc. provides postsecondary degree programs in the United States. The company offers master, bachelor, and associate degree programs to approximately 45,000 students; and short-term information technology and business learning solutions for career advancers and other professionals. Its business education programs include accounting, business administration, financial ser… Read more
ITT Educational Services Inc (ESINQ) - Net Assets
Latest net assets as of June 2016: $165.04 Million USD
Based on the latest financial reports, ITT Educational Services Inc (ESINQ) has net assets worth $165.04 Million USD as of June 2016.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($584.88 Million) and total liabilities ($419.83 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 | $165.04 Million |
| % of Total Assets | 28.22% |
| Annual Growth Rate | 6.55% |
| 5-Year Change | -4.54% |
| 10-Year Change | 55.02% |
| Growth Volatility | 43.11 |
ITT Educational Services Inc - Net Assets Trend (1994–2015)
This chart illustrates how ITT Educational Services 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 ITT Educational Services Inc (1994–2015)
The table below shows the annual net assets of ITT Educational Services Inc from 1994 to 2015.
| Year | Net Assets | Change |
|---|---|---|
| 2015-12-31 | $161.14 Million | +13.42% |
| 2014-12-31 | $142.07 Million | +22.85% |
| 2013-12-31 | $115.65 Million | -8.05% |
| 2012-12-31 | $125.77 Million | -25.49% |
| 2011-12-31 | $168.80 Million | +31.80% |
| 2010-12-31 | $128.07 Million | -18.21% |
| 2009-12-31 | $156.59 Million | -9.93% |
| 2008-12-31 | $173.84 Million | +146.38% |
| 2007-12-31 | $70.56 Million | -32.12% |
| 2006-12-31 | $103.94 Million | -66.32% |
| 2005-12-31 | $308.59 Million | +31.28% |
| 2004-12-31 | $235.07 Million | +60.87% |
| 2003-12-31 | $146.12 Million | +64.14% |
| 2002-12-31 | $89.02 Million | +13.86% |
| 2001-12-31 | $78.19 Million | +20.87% |
| 2000-12-31 | $64.69 Million | +11.91% |
| 1999-12-31 | $57.80 Million | -43.28% |
| 1998-12-31 | $101.90 Million | +16.06% |
| 1997-12-31 | $87.80 Million | +27.80% |
| 1996-12-31 | $68.70 Million | +27.70% |
| 1995-12-31 | $53.80 Million | +26.59% |
| 1994-12-31 | $42.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ITT Educational Services 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 10077.6% over the analyzed period, indicating profitable operations and earnings retention.
- The company has 624.3% of equity in treasury stock, representing shares repurchased from the open market.
Current Equity Component Breakdown (December 2015)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $987.22 Million | 612.66% |
| Common Stock | $371.00K | 0.23% |
| Treasury Stock | $1.01 Billion | 624.27% |
| Other Comprehensive Income | $-1.69 Million | -1.05% |
| Other Components | $181.16 Million | 112.43% |
| Total Equity | $161.14 Million | 100.00% |
ITT Educational Services Inc Competitors by Market Cap
The table below lists competitors of ITT Educational Services Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ROBUS GROUP AS EO -60
F:LH2
|
$2.37K |
|
Hornby PLC
LSE:HRN
|
$2.37K |
|
Hapugastenne Plantations PLC
CM:HAPUN0000
|
$2.37K |
|
Hydro Power Technologies Inc
PINK:PYBX
|
$2.37K |
|
China Liberal Education Holdings
NASDAQ:CLEU
|
$2.37K |
|
Checkit PLC
LSE:CKT
|
$2.37K |
|
NXNT
OTCQB:NXNT
|
$2.37K |
|
International Steels Ltd
KAR:ISL
|
$2.36K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ITT Educational Services Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2014 to 2015, total equity changed from 142,072,000 to 161,136,000, a change of 19,064,000 (13.4%).
- Net income of 23,298,000 contributed positively to equity growth.
- Share repurchases of 632,000 reduced equity.
- Other comprehensive income decreased equity by 2,894,000.
Equity Change Factors (2014 to 2015)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $23.30 Million | +14.46% |
| Share Repurchases | $632.00K | -0.39% |
| Other Comprehensive Income | $-2.89 Million | -1.8% |
| Other Changes | $-708.00K | -0.44% |
| Total Change | $- | 13.42% |
Book Value vs Market Value Analysis
This analysis compares ITT Educational Services 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: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $0.94 | $0.00 | x |
| 1995-12-31 | $0.99 | $0.00 | x |
| 1996-12-31 | $1.27 | $0.00 | x |
| 1997-12-31 | $1.61 | $0.00 | x |
| 1998-12-31 | $1.87 | $0.00 | x |
| 1999-12-31 | $1.13 | $0.00 | x |
| 2000-12-31 | $1.34 | $0.00 | x |
| 2001-12-31 | $1.62 | $0.00 | x |
| 2002-12-31 | $1.91 | $0.00 | x |
| 2003-12-31 | $3.15 | $0.00 | x |
| 2004-12-31 | $5.02 | $0.00 | x |
| 2005-12-31 | $6.55 | $0.00 | x |
| 2006-12-31 | $2.38 | $0.00 | x |
| 2007-12-31 | $1.73 | $0.00 | x |
| 2008-12-31 | $4.43 | $0.00 | x |
| 2009-12-31 | $4.13 | $0.00 | x |
| 2010-12-31 | $3.82 | $0.00 | x |
| 2011-12-31 | $6.10 | $0.00 | x |
| 2012-12-31 | $5.24 | $0.00 | x |
| 2013-12-31 | $4.92 | $0.00 | x |
| 2014-12-31 | $6.00 | $0.00 | x |
| 2015-12-31 | $6.73 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ITT Educational Services 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): 14.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.74%
- • Asset Turnover: 1.28x
- • Equity Multiplier: 4.12x
- Recent ROE (14.46%) is below the historical average (72.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 16.94% | 3.85% | 1.82x | 2.42x | $2.95 Million |
| 1995 | 21.19% | 5.65% | 1.77x | 2.12x | $6.02 Million |
| 1996 | 21.69% | 6.41% | 1.71x | 1.98x | $8.03 Million |
| 1997 | 21.75% | 7.30% | 1.79x | 1.66x | $10.32 Million |
| 1998 | 13.64% | 4.77% | 1.66x | 1.72x | $3.71 Million |
| 1999 | 40.83% | 7.46% | 2.42x | 2.27x | $17.82 Million |
| 2000 | 38.20% | 7.11% | 2.30x | 2.33x | $18.24 Million |
| 2001 | 43.12% | 8.43% | 2.06x | 2.48x | $25.90 Million |
| 2002 | 49.26% | 9.66% | 1.83x | 2.78x | $34.95 Million |
| 2003 | 40.28% | 11.26% | 1.44x | 2.49x | $44.25 Million |
| 2004 | 32.02% | 12.18% | 1.25x | 2.10x | $51.76 Million |
| 2005 | 35.55% | 15.95% | 1.16x | 1.92x | $78.85 Million |
| 2006 | 114.02% | 15.64% | 1.35x | 5.39x | $108.12 Million |
| 2007 | 214.85% | 17.43% | 1.61x | 7.67x | $144.54 Million |
| 2008 | 115.91% | 19.85% | 1.67x | 3.50x | $184.12 Million |
| 2009 | 191.76% | 22.76% | 2.14x | 3.94x | $284.60 Million |
| 2010 | 292.16% | 23.44% | 2.37x | 5.27x | $361.36 Million |
| 2011 | 183.11% | 20.61% | 2.06x | 4.32x | $292.21 Million |
| 2012 | 110.50% | 10.80% | 1.91x | 5.37x | $126.39 Million |
| 2013 | -23.37% | -2.52% | 1.33x | 6.98x | $-38.59 Million |
| 2014 | 16.41% | 2.42% | 1.28x | 5.30x | $9.11 Million |
| 2015 | 14.46% | 2.74% | 1.28x | 4.12x | $7.18 Million |
Industry Comparison
This section compares ITT Educational Services Inc's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $1,197,694,821
- Average return on equity (ROE) among peers: -57.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ITT Educational Services Inc (ESINQ) | $165.04 Million | 16.94% | 2.54x | $2.37K |
| ATA Creativity Global (AACG) | $50.32 Million | -242.94% | 0.93x | $25.30 Million |
| Afya Ltd (AFYA) | $3.64 Billion | 10.60% | 1.08x | $112.89 Million |
| Alliance International Education Leasing Holdings Limited (ALCIF) | $2.60 Billion | 14.32% | 0.61x | $519.50 Million |
| Ambow Education Holding Ltd (AMBO) | $1.38 Billion | -77.81% | 1.30x | $6.74 Million |
| American Public Education Inc (APEI) | $349.73 Million | -32.88% | 0.96x | $676.30 Million |
| Argentum 47 Inc (ARGQ) | $-864.76K | 0.00% | 0.00x | $45.77K |
| Asiarim Corporation (ARMC) | $-263.95K | 0.00% | 0.00x | $1.30K |
| Aspen Group Inc (ASPU) | $5.40K | -250.85% | 0.67x | $3.75 Million |
| Adtalem Global Education Inc (ATGE) | $1.54 Billion | 8.70% | 0.30x | $3.32 Billion |
| Bright Scholar Education Holdings Ltd Class A (BEDU) | $2.41 Billion | -4.96% | 1.27x | $57.66 Million |