United Bankers Oyj
United Bankers Oyj provides investment products and services in Finland and Sweden. The company offers private equity funds, real assets, structured investment loans, and corporate loans. It also provides asset management, sale of investment, securities brokerage, investment insurance, and fund management services. In addition, the company offers capital markets services, such as corporate financ… Read more
United Bankers Oyj (UNITED) - Net Assets
Latest net assets as of June 2025: €56.22 Million EUR
Based on the latest financial reports, United Bankers Oyj (UNITED) has net assets worth €56.22 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€94.73 Million) and total liabilities (€38.51 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 | €56.22 Million |
| % of Total Assets | 59.35% |
| Annual Growth Rate | 23.8% |
| 5-Year Change | 57.34% |
| 10-Year Change | 204.84% |
| Growth Volatility | 49.7 |
United Bankers Oyj - Net Assets Trend (2013–2024)
This chart illustrates how United Bankers Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for United Bankers Oyj (2013–2024)
The table below shows the annual net assets of United Bankers Oyj from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €61.50 Million | +19.26% |
| 2023-12-31 | €51.57 Million | +7.31% |
| 2022-12-31 | €48.06 Million | +8.39% |
| 2021-12-31 | €44.34 Million | +13.43% |
| 2020-12-31 | €39.09 Million | +5.44% |
| 2019-12-31 | €37.07 Million | +22.29% |
| 2018-12-31 | €30.32 Million | +55.25% |
| 2017-12-31 | €19.53 Million | +26.86% |
| 2016-12-31 | €15.39 Million | -23.70% |
| 2015-12-31 | €20.17 Million | +24.09% |
| 2014-12-31 | €16.26 Million | +176.87% |
| 2013-12-31 | €5.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to United Bankers Oyj'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 1295.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €35.33 Million | 57.74% |
| Common Stock | €5.46 Million | 8.93% |
| Other Comprehensive Income | €20.39 Million | 33.33% |
| Other Components | €1.00K | 0.00% |
| Total Equity | €61.18 Million | 100.00% |
United Bankers Oyj Competitors by Market Cap
The table below lists competitors of United Bankers Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Menora Miv Hld
TA:MMHD
|
$81.86 Million |
|
Sunjin
KO:136490
|
$81.87 Million |
|
MORELD AS
OL:MORLD
|
$81.88 Million |
|
Chargeurs S.A.
PA:CRI
|
$81.92 Million |
|
AMTD IDEA Group
NYSE:AMTD
|
$81.83 Million |
|
Amrutanjan Health Care Limited
NSE:AMRUTANJAN
|
$81.74 Million |
|
EROAD Limited
PINK:ERDLF
|
$81.74 Million |
|
Simplex Infrastructures Limited
NSE:SIMPLEXINF
|
$81.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Bankers Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 51,126,000 to 61,183,000, a change of 10,057,000 (19.7%).
- Net income of 18,042,000 contributed positively to equity growth.
- Dividend payments of 10,859,000 reduced retained earnings.
- Share repurchases of 576,000 reduced equity.
- New share issuances of 2,963,000 increased equity.
- Other comprehensive income decreased equity by 2,509,000.
- Other factors increased equity by 2,996,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €18.04 Million | +29.49% |
| Dividends Paid | €10.86 Million | -17.75% |
| Share Repurchases | €576.00K | -0.94% |
| Share Issuances | €2.96 Million | +4.84% |
| Other Comprehensive Income | €-2.51 Million | -4.1% |
| Other Changes | €3.00 Million | +4.9% |
| Total Change | €- | 19.67% |
Book Value vs Market Value Analysis
This analysis compares United Bankers Oyj'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: 3.41x
- 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 19.12x to 3.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | €0.99 | €19.00 | x |
| 2014-12-31 | €2.52 | €19.00 | x |
| 2015-12-31 | €2.24 | €19.00 | x |
| 2016-12-31 | €1.93 | €19.00 | x |
| 2017-12-31 | €2.54 | €19.00 | x |
| 2018-12-31 | €3.04 | €19.00 | x |
| 2019-12-31 | €3.64 | €19.00 | x |
| 2020-12-31 | €3.69 | €19.00 | x |
| 2021-12-31 | €4.14 | €19.00 | x |
| 2022-12-31 | €4.42 | €19.00 | x |
| 2023-12-31 | €4.74 | €19.00 | x |
| 2024-12-31 | €5.57 | €19.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Bankers Oyj 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): 29.49%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.63%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.45x
- Recent ROE (29.49%) is above the historical average (18.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 24.07% | 10.61% | 1.65x | 1.38x | €817.37K |
| 2014 | 13.55% | 10.44% | 0.99x | 1.31x | €548.61K |
| 2015 | 21.33% | 13.29% | 1.20x | 1.34x | €1.91 Million |
| 2016 | 1.72% | 1.28% | 0.85x | 1.59x | €-1.22 Million |
| 2017 | 11.95% | 9.47% | 0.88x | 1.43x | €380.69K |
| 2018 | 14.25% | 15.00% | 0.55x | 1.72x | €1.29 Million |
| 2019 | 11.94% | 13.68% | 0.52x | 1.68x | €719.40K |
| 2020 | 16.07% | 18.31% | 0.58x | 1.51x | €2.35 Million |
| 2021 | 23.78% | 23.67% | 0.56x | 1.80x | €6.00 Million |
| 2022 | 26.29% | 25.92% | 0.68x | 1.50x | €7.77 Million |
| 2023 | 25.99% | 26.15% | 0.67x | 1.49x | €8.18 Million |
| 2024 | 29.49% | 32.63% | 0.63x | 1.45x | €11.92 Million |
Industry Comparison
This section compares United Bankers Oyj's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $88,620,671
- Average return on equity (ROE) among peers: 11.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Bankers Oyj (UNITED) | €56.22 Million | 24.07% | 0.68x | $81.86 Million |
| Alexandria Group Oyj (ALEX) | $20.66 Million | 18.80% | 0.63x | $114.04 Million |
| Pohjanmaan Arvo Sijoitusosuuskunta (ARVOSK) | $95.99 Million | 3.06% | 0.11x | $822.19K |
| CapMan Oyj B (CAPMAN) | $194.40 Million | 6.78% | 0.74x | $181.67 Million |
| eQ Oyj (EQV1V) | $20.42 Million | -9.33% | 0.08x | $172.31 Million |
| Evli Pankki Oyj (EVLI) | $137.20 Million | 20.99% | 1.51x | $193.67 Million |
| Springvest Oyj (SPRING) | $14.01 Million | 4.11% | 0.26x | $94.68K |
| Taaleri Oyj (TAALA) | $208.65 Million | 11.02% | 0.48x | $108.38 Million |
| Titanium Oyj (TITAN) | $17.64 Million | 40.33% | 0.25x | $65.37 Million |