CTS International Logistics Corp Ltd (603128) - Net Assets
Based on the latest financial reports, CTS International Logistics Corp Ltd (603128) has net assets worth CN¥6.18 Billion CNY (≈ $905.04 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 (CN¥11.46 Billion ≈ $1.68 Billion USD) and total liabilities (CN¥5.27 Billion ≈ $771.87 Million 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. Read total liabilities of CTS International Logistics Corp Ltd for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.18 Billion |
| % of Total Assets | 53.97% |
| Annual Growth Rate | 14.83% |
| 5-Year Change | 29.98% |
| 10-Year Change | 292.68% |
| Growth Volatility | 39.8 |
CTS International Logistics Corp Ltd - Net Assets Trend (2008–2024)
This chart illustrates how CTS International Logistics Corp Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603128 asset base for the complete picture of this company's asset base.
Annual Net Assets for CTS International Logistics Corp Ltd (2008–2024)
The table below shows the annual net assets of CTS International Logistics Corp Ltd from 2008 to 2024. For live valuation and market cap data, see CTS International Logistics Corp Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.10 Billion ≈ $892.17 Million |
+2.12% |
| 2023-12-31 | CN¥5.97 Billion ≈ $873.63 Million |
-0.75% |
| 2022-12-31 | CN¥6.02 Billion ≈ $880.22 Million |
+11.20% |
| 2021-12-31 | CN¥5.41 Billion ≈ $791.53 Million |
+15.32% |
| 2020-12-31 | CN¥4.69 Billion ≈ $686.38 Million |
+12.29% |
| 2019-12-31 | CN¥4.18 Billion ≈ $611.27 Million |
+5.95% |
| 2018-12-31 | CN¥3.94 Billion ≈ $576.97 Million |
+4.12% |
| 2017-12-31 | CN¥3.79 Billion ≈ $554.14 Million |
+5.63% |
| 2016-12-31 | CN¥3.58 Billion ≈ $524.59 Million |
+130.89% |
| 2015-12-31 | CN¥1.55 Billion ≈ $227.20 Million |
+10.44% |
| 2014-12-31 | CN¥1.41 Billion ≈ $205.72 Million |
+8.93% |
| 2013-12-31 | CN¥1.29 Billion ≈ $188.85 Million |
+4.00% |
| 2012-12-31 | CN¥1.24 Billion ≈ $181.59 Million |
+112.62% |
| 2011-12-31 | CN¥583.67 Million ≈ $85.41 Million |
+7.86% |
| 2010-12-31 | CN¥541.12 Million ≈ $79.18 Million |
+11.08% |
| 2009-12-31 | CN¥487.14 Million ≈ $71.28 Million |
-26.98% |
| 2008-12-31 | CN¥667.11 Million ≈ $97.62 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to CTS International Logistics Corp 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 991.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.71 Billion | 45.33% |
| Common Stock | CN¥1.31 Billion | 21.88% |
| Other Comprehensive Income | CN¥316.46 Million | 5.29% |
| Other Components | CN¥1.65 Billion | 27.50% |
| Total Equity | CN¥5.98 Billion | 100.00% |
CTS International Logistics Corp Ltd Competitors by Market Cap
The table below lists competitors of CTS International Logistics Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hagar hf
IC:HAGA
|
$1.07 Billion |
|
China High-Speed Railway Technology
SHE:000008
|
$1.07 Billion |
|
BP PLC
LSE:BP
|
$1.07 Billion |
|
Rimon Consulting & Management Services Ltd
TA:RMON
|
$1.07 Billion |
|
Tompkins Financial Corporation
NYSE MKT:TMP
|
$1.07 Billion |
|
Shinsung Delta Tech Co.Ltd
KQ:065350
|
$1.07 Billion |
|
American Public Education Inc
NASDAQ:APEI
|
$1.07 Billion |
|
Anadolu Hayat Emeklilik AS
IS:ANHYT
|
$1.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CTS International Logistics Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,853,147,148 to 5,983,631,137, a change of 130,483,989 (2.2%).
- Net income of 538,830,036 contributed positively to equity growth.
- Dividend payments of 340,392,515 reduced retained earnings.
- Other comprehensive income increased equity by 317,632,084.
- Other factors decreased equity by 385,585,616.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥538.83 Million | +9.01% |
| Dividends Paid | CN¥340.39 Million | -5.69% |
| Other Comprehensive Income | CN¥317.63 Million | +5.31% |
| Other Changes | CN¥-385.59 Million | -6.44% |
| Total Change | CN¥- | 2.23% |
Book Value vs Market Value Analysis
This analysis compares CTS International Logistics Corp 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: 1.23x
- 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 7.04x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.79 | CN¥5.58 | x |
| 2009-12-31 | CN¥0.57 | CN¥5.58 | x |
| 2010-12-31 | CN¥0.67 | CN¥5.58 | x |
| 2011-12-31 | CN¥0.74 | CN¥5.58 | x |
| 2012-12-31 | CN¥1.32 | CN¥5.58 | x |
| 2013-12-31 | CN¥1.22 | CN¥5.58 | x |
| 2014-12-31 | CN¥1.28 | CN¥5.58 | x |
| 2015-12-31 | CN¥1.47 | CN¥5.58 | x |
| 2016-12-31 | CN¥3.03 | CN¥5.58 | x |
| 2017-12-31 | CN¥2.90 | CN¥5.58 | x |
| 2018-12-31 | CN¥2.98 | CN¥5.58 | x |
| 2019-12-31 | CN¥3.17 | CN¥5.58 | x |
| 2020-12-31 | CN¥3.56 | CN¥5.58 | x |
| 2021-12-31 | CN¥3.95 | CN¥5.58 | x |
| 2022-12-31 | CN¥4.45 | CN¥5.58 | x |
| 2023-12-31 | CN¥4.46 | CN¥5.58 | x |
| 2024-12-31 | CN¥4.55 | CN¥5.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CTS International Logistics Corp 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): 9.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.07%
- • Asset Turnover: 1.62x
- • Equity Multiplier: 1.81x
- Recent ROE (9.01%) 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 |
|---|---|---|---|---|---|
| 2008 | 14.55% | 1.81% | 4.14x | 1.94x | CN¥28.16 Million |
| 2009 | 12.15% | 1.19% | 3.25x | 3.15x | CN¥9.38 Million |
| 2010 | 19.65% | 1.45% | 4.23x | 3.20x | CN¥49.84 Million |
| 2011 | 17.71% | 1.49% | 3.50x | 3.40x | CN¥44.98 Million |
| 2012 | 6.14% | 1.02% | 2.73x | 2.21x | CN¥-47.91 Million |
| 2013 | 6.30% | 0.95% | 2.93x | 2.26x | CN¥-47.74 Million |
| 2014 | 8.41% | 1.46% | 2.56x | 2.25x | CN¥-21.93 Million |
| 2015 | 9.45% | 1.79% | 2.60x | 2.02x | CN¥-8.32 Million |
| 2016 | 6.34% | 3.06% | 1.43x | 1.45x | CN¥-129.21 Million |
| 2017 | 7.43% | 3.20% | 1.59x | 1.46x | CN¥-96.23 Million |
| 2018 | 8.27% | 3.42% | 1.72x | 1.40x | CN¥-67.77 Million |
| 2019 | 8.54% | 3.43% | 1.60x | 1.56x | CN¥-60.24 Million |
| 2020 | 11.57% | 3.76% | 1.88x | 1.64x | CN¥71.91 Million |
| 2021 | 16.47% | 3.42% | 2.34x | 2.05x | CN¥331.77 Million |
| 2022 | 15.29% | 4.03% | 2.26x | 1.68x | CN¥307.28 Million |
| 2023 | 10.53% | 4.22% | 1.51x | 1.65x | CN¥31.20 Million |
| 2024 | 9.01% | 3.07% | 1.62x | 1.81x | CN¥-59.53 Million |
Industry Comparison
This section compares CTS International Logistics Corp Ltd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $2,598,473,969
- Average return on equity (ROE) among peers: 24.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CTS International Logistics Corp Ltd (603128) | CN¥6.18 Billion | 14.55% | 0.85x | $1.07 Billion |
| Citic Offshore Helicopter Co Ltd (000099) | $823.93 Million | 6.22% | 0.33x | $2.01 Billion |
| Guangdong Jushen Logistics Co Ltd (001202) | $764.87 Million | 10.66% | 0.93x | $413.93 Million |
| YUNDA Holding Co Ltd (002120) | $15.87 Billion | 9.20% | 1.28x | $3.33 Billion |
| S.F. Holding Co. Ltd (002352) | $708.00 Million | 155.57% | 0.25x | $26.05 Billion |
| STO Express Co Ltd (002468) | $5.44 Billion | 23.18% | 0.46x | $3.66 Billion |
| Hubeiyichang Transportation Group Co Ltd (002627) | $1.05 Billion | 4.86% | 1.19x | $794.18 Million |
| Shenzhen Prolto Supply Chain Management Co Ltd (002769) | $75.60 Million | 23.23% | 6.45x | $539.73 Million |
| Xinjiang Tianshun Supply Chain Co Ltd (002800) | $527.99 Million | 1.69% | 1.18x | $393.23 Million |
| Shenzhen Easttop Supply Chain Management Co Ltd (002889) | $679.80 Million | 12.04% | 17.63x | $725.62 Million |
| Jiangsu Xinning Modern Logist (300013) | $44.64 Million | -3.58% | 16.01x | $338.26 Million |
About CTS International Logistics Corp Ltd
CTS International Logistics Corporation Limited, a freight forwarding company, provides logistics solutions internationally. It offers international air, sea, and rail freight forwarding business, project logistics, railway transport, third-party warehousing logistics, cross-border e-commerce logistics, aviation supplies logistics, and customs declaration and inspection services. The company was … Read more