CTT Systems AB
CTT Systems AB (publ) provides humidity control systems for aircraft in Sweden, Denmark, France, the United States, and internationally. The company offers humidifiers for passenger cabins, flight decks, crew rest compartments, and VIP/business jets under the Humidifier Onboard name; dehumidifiers; active moisture control systems for humidity control; and anti-condensation systems that reduces ai… Read more
CTT Systems AB (CTT) - Net Assets
Latest net assets as of December 2025: Skr262.00 Million SEK
Based on the latest financial reports, CTT Systems AB (CTT) has net assets worth Skr262.00 Million SEK as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr355.80 Million) and total liabilities (Skr93.80 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 | Skr262.00 Million |
| % of Total Assets | 73.64% |
| Annual Growth Rate | 12.19% |
| 5-Year Change | 23.0% |
| 10-Year Change | 85.42% |
| Growth Volatility | 42.91 |
CTT Systems AB - Net Assets Trend (2002–2025)
This chart illustrates how CTT Systems AB's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CTT Systems AB (2002–2025)
The table below shows the annual net assets of CTT Systems AB from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr262.00 Million | -9.81% |
| 2024-12-31 | Skr290.50 Million | -7.48% |
| 2023-12-31 | Skr314.00 Million | +16.60% |
| 2022-12-31 | Skr269.30 Million | +26.43% |
| 2021-12-31 | Skr213.00 Million | -3.40% |
| 2020-12-31 | Skr220.50 Million | -8.20% |
| 2019-12-31 | Skr240.20 Million | +21.13% |
| 2018-12-31 | Skr198.30 Million | +21.58% |
| 2017-12-31 | Skr163.10 Million | +15.43% |
| 2016-12-31 | Skr141.30 Million | +25.16% |
| 2015-12-31 | Skr112.90 Million | +17.73% |
| 2014-12-31 | Skr95.90 Million | +48.45% |
| 2013-12-31 | Skr64.60 Million | -2.42% |
| 2012-12-31 | Skr66.20 Million | +4.09% |
| 2011-12-31 | Skr63.60 Million | +56.27% |
| 2010-12-31 | Skr40.70 Million | -5.35% |
| 2009-12-31 | Skr43.00 Million | +46.26% |
| 2008-12-31 | Skr29.40 Million | -51.32% |
| 2007-12-31 | Skr60.40 Million | +178.06% |
| 2006-12-31 | Skr21.72 Million | +7.74% |
| 2005-12-31 | Skr20.16 Million | -37.66% |
| 2004-12-31 | Skr32.34 Million | +10.02% |
| 2003-12-31 | Skr29.39 Million | +58.00% |
| 2002-12-31 | Skr18.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CTT Systems AB'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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Skr262.00 Million | 100.00% |
| Total Equity | Skr262.00 Million | 100.00% |
CTT Systems AB Competitors by Market Cap
The table below lists competitors of CTT Systems AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kuo Yang Construction Co Ltd
TW:2505
|
$116.40 Million |
|
China Evergrande Group
F:EV1
|
$116.41 Million |
|
Vizsla Royalties Corp.
V:VROY
|
$116.54 Million |
|
ATRYS HEALTH S.A. EO-01
F:A2T
|
$116.57 Million |
|
Unicycive Therapeutics Inc
NASDAQ:UNCY
|
$116.32 Million |
|
GZ4
F:GZ4
|
$116.32 Million |
|
Qinghai Spring Medicinal Resources Technology Co Ltd
SHG:600381
|
$116.31 Million |
|
Forest Packaging Group Co Ltd
SHG:605500
|
$116.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CTT Systems AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 290,500,000 to 262,000,000, a change of -28,500,000 (-9.8%).
- Net income of 38,600,000 contributed positively to equity growth.
- Dividend payments of 67,099,999 reduced retained earnings.
- Other comprehensive income decreased equity by 82,500,000.
- Other factors increased equity by 82,499,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr38.60 Million | +14.73% |
| Dividends Paid | Skr67.10 Million | -25.61% |
| Other Comprehensive Income | Skr-82.50 Million | -31.49% |
| Other Changes | Skr82.50 Million | +31.49% |
| Total Change | Skr- | -9.81% |
Book Value vs Market Value Analysis
This analysis compares CTT Systems AB'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: 6.38x
- 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 40.32x to 6.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Skr3.31 | Skr133.40 | x |
| 2003-12-31 | Skr4.54 | Skr133.40 | x |
| 2004-12-31 | Skr4.68 | Skr133.40 | x |
| 2005-12-31 | Skr2.25 | Skr133.40 | x |
| 2006-12-31 | Skr2.42 | Skr133.40 | x |
| 2007-12-31 | Skr6.82 | Skr133.40 | x |
| 2008-12-31 | Skr2.71 | Skr133.40 | x |
| 2009-12-31 | Skr3.96 | Skr133.40 | x |
| 2010-12-31 | Skr3.57 | Skr133.40 | x |
| 2011-12-31 | Skr5.58 | Skr133.40 | x |
| 2012-12-31 | Skr5.81 | Skr133.40 | x |
| 2013-12-31 | Skr5.67 | Skr133.40 | x |
| 2014-12-31 | Skr8.25 | Skr133.40 | x |
| 2015-12-31 | Skr9.01 | Skr133.40 | x |
| 2016-12-31 | Skr11.28 | Skr133.40 | x |
| 2017-12-31 | Skr13.01 | Skr133.40 | x |
| 2018-12-31 | Skr15.82 | Skr133.40 | x |
| 2019-12-31 | Skr19.16 | Skr133.40 | x |
| 2020-12-31 | Skr17.60 | Skr133.40 | x |
| 2021-12-31 | Skr17.00 | Skr133.40 | x |
| 2022-12-31 | Skr21.49 | Skr133.40 | x |
| 2023-12-31 | Skr25.06 | Skr133.40 | x |
| 2024-12-31 | Skr23.17 | Skr133.40 | x |
| 2025-12-31 | Skr20.91 | Skr133.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CTT Systems AB 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): 14.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.60%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.36x
- Recent ROE (14.73%) is below the historical average (19.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 87.92% | 87.39% | 0.61x | 1.66x | Skr14.50 Million |
| 2003 | 43.69% | 60.94% | 0.54x | 1.33x | Skr9.90 Million |
| 2005 | 66.27% | 56.26% | 0.56x | 2.10x | Skr11.34 Million |
| 2006 | 35.86% | 15.42% | 0.80x | 2.89x | Skr5.62 Million |
| 2007 | 17.88% | 81.82% | 0.14x | 1.60x | Skr4.76 Million |
| 2008 | -105.10% | -82.18% | 0.42x | 3.08x | Skr-33.84 Million |
| 2009 | 2.33% | 1.66% | 0.56x | 2.49x | Skr-3.30 Million |
| 2010 | -6.14% | -3.61% | 0.67x | 2.54x | Skr-6.57 Million |
| 2011 | 36.48% | 23.15% | 0.58x | 2.71x | Skr16.84 Million |
| 2012 | 4.08% | 1.78% | 0.88x | 2.62x | Skr-3.92 Million |
| 2013 | 5.26% | 2.26% | 0.75x | 3.10x | Skr-3.06 Million |
| 2014 | 1.35% | 0.67% | 0.84x | 2.41x | Skr-8.30 Million |
| 2015 | 19.13% | 10.77% | 0.84x | 2.11x | Skr10.31 Million |
| 2016 | 26.54% | 14.90% | 1.03x | 1.74x | Skr23.37 Million |
| 2017 | 29.08% | 17.35% | 1.04x | 1.61x | Skr31.10 Million |
| 2018 | 35.17% | 22.11% | 0.99x | 1.61x | Skr49.88 Million |
| 2019 | 38.57% | 26.09% | 0.98x | 1.51x | Skr68.59 Million |
| 2020 | 14.10% | 15.49% | 0.65x | 1.39x | Skr9.05 Million |
| 2021 | 6.67% | 9.39% | 0.46x | 1.54x | Skr-7.10 Million |
| 2022 | 24.62% | 27.56% | 0.64x | 1.40x | Skr39.37 Million |
| 2023 | 30.41% | 30.92% | 0.74x | 1.33x | Skr64.10 Million |
| 2024 | 29.43% | 28.49% | 0.76x | 1.35x | Skr56.45 Million |
| 2025 | 14.73% | 14.60% | 0.74x | 1.36x | Skr12.40 Million |
Industry Comparison
This section compares CTT Systems AB's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $189,752,909
- Average return on equity (ROE) among peers: -38.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CTT Systems AB (CTT) | Skr262.00 Million | 87.92% | 0.36x | $116.33 Million |
| Scandinavian Astor Group AB (ASTOR) | $243.46 Million | 0.17% | 0.86x | $61.48 Million |
| AVTECH Sweden AB Series B (AVT-B) | $31.19 Million | 19.55% | 0.08x | $29.31 Million |
| GomSpace Group AB (GOMX) | $104.80 Million | -217.39% | 2.19x | $132.05 Million |
| MilDef Group AB (MILDEF) | $568.20 Million | -0.12% | 0.42x | $447.60 Million |
| W5 Solutions AB (W5) | $1.12 Million | 4.60% | 2.50x | $51.13 Million |