Union Electric Company
Union Electric Company, doing business as Ameren Missouri, engages in the rate-regulated electric generation, transmission, and distribution business in Missouri. It generates electricity through coal, nuclear, natural gas, hydroelectric, methane gas, and solar energy sources. The company is also involved in the rate-regulated natural gas distribution business. It supplies electric and natural ga… Read more
Union Electric Company (UEPCO) - Net Assets
Latest net assets as of September 2025: $13.53 Billion USD
Based on the latest financial reports, Union Electric Company (UEPCO) has net assets worth $13.53 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($48.48 Billion) and total liabilities ($34.95 Billion). 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 | $13.53 Billion |
| % of Total Assets | 27.91% |
| Annual Growth Rate | 5.05% |
| 5-Year Change | 37.65% |
| 10-Year Change | 86.75% |
| Growth Volatility | 9.06 |
Union Electric Company - Net Assets Trend (1985–2025)
This chart illustrates how Union Electric Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Union Electric Company (1985–2025)
The table below shows the annual net assets of Union Electric Company from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $13.53 Billion | +10.51% |
| 2024-12-31 | $12.24 Billion | +6.66% |
| 2023-12-31 | $11.48 Billion | +7.91% |
| 2022-12-31 | $10.64 Billion | +8.22% |
| 2021-12-31 | $9.83 Billion | +8.25% |
| 2020-12-31 | $9.08 Billion | +10.72% |
| 2019-12-31 | $8.20 Billion | +5.51% |
| 2018-12-31 | $7.77 Billion | +6.10% |
| 2017-12-31 | $7.33 Billion | +1.12% |
| 2016-12-31 | $7.25 Billion | +2.22% |
| 2015-12-31 | $7.09 Billion | +3.40% |
| 2014-12-31 | $6.86 Billion | +2.53% |
| 2013-12-31 | $6.69 Billion | -1.20% |
| 2012-12-31 | $6.77 Billion | -16.13% |
| 2011-12-31 | $8.07 Billion | +2.28% |
| 2010-12-31 | $7.89 Billion | -3.19% |
| 2009-12-31 | $8.15 Billion | +13.72% |
| 2008-12-31 | $7.17 Billion | +5.77% |
| 2007-12-31 | $6.77 Billion | +2.65% |
| 2006-12-31 | $6.60 Billion | +3.42% |
| 2005-12-31 | $6.38 Billion | +5.91% |
| 2004-12-31 | $6.03 Billion | +32.27% |
| 2003-12-31 | $4.55 Billion | +34.05% |
| 2002-12-31 | $3.40 Billion | -5.28% |
| 2001-12-31 | $3.59 Billion | +4.42% |
| 2000-12-31 | $3.44 Billion | +3.21% |
| 1999-12-31 | $3.33 Billion | +1.03% |
| 1998-12-31 | $3.29 Billion | +1.14% |
| 1997-12-31 | $3.26 Billion | +26.57% |
| 1996-12-31 | $2.57 Billion | +1.40% |
| 1995-12-31 | $2.54 Billion | +2.01% |
| 1994-12-31 | $2.49 Billion | +2.59% |
| 1993-12-31 | $2.43 Billion | +1.80% |
| 1992-12-31 | $2.38 Billion | +2.49% |
| 1991-12-31 | $2.32 Billion | +3.78% |
| 1990-12-31 | $2.24 Billion | +2.62% |
| 1989-12-31 | $2.18 Billion | +15.17% |
| 1988-12-31 | $1.90 Billion | +3.25% |
| 1987-12-31 | $1.84 Billion | -7.87% |
| 1986-12-31 | $1.99 Billion | +5.55% |
| 1985-12-31 | $1.89 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Union Electric Company'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 700.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.29 Billion | 39.49% |
| Common Stock | $3.00 Million | 0.02% |
| Other Components | $8.11 Billion | 60.49% |
| Total Equity | $13.40 Billion | 100.00% |
Union Electric Company Competitors by Market Cap
The table below lists competitors of Union Electric Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prominence Energy Ltd
AU:PRM
|
$915.63K |
|
Aerovate Therapeutics Inc
NASDAQ:AVTE
|
$916.13K |
|
EXACT SCIENCES
MU:EXK
|
$916.14K |
|
GoldON Resources Ltd
PINK:NCMBF
|
$916.20K |
|
CANADIAN NATL RLWY
MU:CY2
|
$915.32K |
|
MAGHREBAIL
BC:MAGHREBAIL
|
$915.29K |
|
Synergy Empire Limited
PINK:SHMY
|
$915.15K |
|
PENTAL LTD
F:81B
|
$915.08K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Union Electric Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,114,000,000 to 13,401,000,000, a change of 1,287,000,000 (10.6%).
- Net income of 1,456,000,000 contributed positively to equity growth.
- Dividend payments of 768,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,000,000.
- Other factors increased equity by 593,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.46 Billion | +10.86% |
| Dividends Paid | $768.00 Million | -5.73% |
| Other Comprehensive Income | $6.00 Million | +0.04% |
| Other Changes | $593.00 Million | +4.43% |
| Total Change | $- | 10.62% |
Book Value vs Market Value Analysis
This analysis compares Union Electric Company'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: 1.95x
- 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 4.05x to 1.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $23.72 | $96.00 | x |
| 1998-12-31 | $23.99 | $96.00 | x |
| 1999-12-31 | $24.23 | $96.00 | x |
| 2000-12-31 | $25.00 | $96.00 | x |
| 2001-12-31 | $25.98 | $96.00 | x |
| 2002-12-31 | $27.57 | $96.00 | x |
| 2003-12-31 | $28.13 | $96.00 | x |
| 2004-12-31 | $32.12 | $96.00 | x |
| 2005-12-31 | $31.69 | $96.00 | x |
| 2006-12-31 | $32.02 | $96.00 | x |
| 2007-12-31 | $33.50 | $96.00 | x |
| 2008-12-31 | $34.07 | $96.00 | x |
| 2009-12-31 | $35.63 | $96.00 | x |
| 2010-12-31 | $32.37 | $96.00 | x |
| 2011-12-31 | $32.79 | $96.00 | x |
| 2012-12-31 | $27.27 | $96.00 | x |
| 2013-12-31 | $26.76 | $96.00 | x |
| 2014-12-31 | $27.47 | $96.00 | x |
| 2015-12-31 | $28.51 | $96.00 | x |
| 2016-12-31 | $29.18 | $96.00 | x |
| 2017-12-31 | $29.42 | $96.00 | x |
| 2018-12-31 | $31.05 | $96.00 | x |
| 2019-12-31 | $32.61 | $96.00 | x |
| 2020-12-31 | $35.94 | $96.00 | x |
| 2021-12-31 | $37.66 | $96.00 | x |
| 2022-12-31 | $40.49 | $96.00 | x |
| 2023-12-31 | $43.09 | $96.00 | x |
| 2024-12-31 | $45.30 | $96.00 | x |
| 2025-12-31 | $49.23 | $96.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Union Electric Company 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): 10.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.55%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 3.62x
- Recent ROE (10.86%) is above the historical average (10.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 17.86% | 21.18% | 0.26x | 3.27x | $148.42 Million |
| 1986 | 17.26% | 19.03% | 0.29x | 3.17x | $144.65 Million |
| 1987 | 18.19% | 17.15% | 0.33x | 3.25x | $150.33 Million |
| 1988 | 15.38% | 14.37% | 0.35x | 3.07x | $102.06 Million |
| 1989 | 13.08% | 14.21% | 0.35x | 2.64x | $67.31 Million |
| 1990 | 13.13% | 14.54% | 0.35x | 2.55x | $70.19 Million |
| 1991 | 13.83% | 15.33% | 0.37x | 2.47x | $89.03 Million |
| 1992 | 12.71% | 15.02% | 0.35x | 2.43x | $64.45 Million |
| 1993 | 12.25% | 14.39% | 0.31x | 2.72x | $54.66 Million |
| 1994 | 12.89% | 15.60% | 0.31x | 2.66x | $71.97 Million |
| 1995 | 12.37% | 14.94% | 0.31x | 2.66x | $60.27 Million |
| 1996 | 11.85% | 13.49% | 0.33x | 2.67x | $47.51 Million |
| 1997 | 10.29% | 10.06% | 0.38x | 2.71x | $9.28 Million |
| 1998 | 11.74% | 11.65% | 0.38x | 2.69x | $57.37 Million |
| 1999 | 11.58% | 10.93% | 0.38x | 2.76x | $52.61 Million |
| 2000 | 13.32% | 11.85% | 0.40x | 2.83x | $113.91 Million |
| 2001 | 13.09% | 10.41% | 0.43x | 2.90x | $110.60 Million |
| 2002 | 9.47% | 9.95% | 0.33x | 2.85x | $-21.50 Million |
| 2003 | 11.55% | 11.41% | 0.32x | 3.14x | $70.40 Million |
| 2004 | 8.84% | 10.27% | 0.30x | 2.91x | $-69.50 Million |
| 2005 | 9.52% | 8.94% | 0.37x | 2.85x | $-30.40 Million |
| 2006 | 8.31% | 7.95% | 0.35x | 2.97x | $-111.30 Million |
| 2007 | 8.90% | 8.19% | 0.36x | 2.98x | $-76.70 Million |
| 2008 | 8.45% | 7.69% | 0.35x | 3.17x | $-110.80 Million |
| 2009 | 7.79% | 8.58% | 0.30x | 3.03x | $-173.30 Million |
| 2010 | 1.80% | 1.82% | 0.32x | 3.04x | $-634.00 Million |
| 2011 | 6.55% | 6.89% | 0.32x | 2.99x | $-272.90 Million |
| 2012 | -14.72% | -16.85% | 0.26x | 3.30x | $-1.64 Billion |
| 2013 | 4.42% | 4.95% | 0.28x | 3.22x | $-365.40 Million |
| 2014 | 8.73% | 9.68% | 0.27x | 3.32x | $-85.30 Million |
| 2015 | 9.07% | 10.33% | 0.26x | 3.40x | $-64.60 Million |
| 2016 | 9.19% | 10.75% | 0.25x | 3.48x | $-57.30 Million |
| 2017 | 7.28% | 8.47% | 0.24x | 3.61x | $-195.40 Million |
| 2018 | 10.68% | 12.96% | 0.23x | 3.57x | $51.90 Million |
| 2019 | 10.27% | 14.01% | 0.20x | 3.59x | $22.10 Million |
| 2020 | 9.74% | 15.03% | 0.18x | 3.58x | $-22.80 Million |
| 2021 | 10.21% | 15.48% | 0.18x | 3.68x | $20.00 Million |
| 2022 | 10.22% | 13.50% | 0.21x | 3.61x | $23.20 Million |
| 2023 | 10.15% | 15.36% | 0.18x | 3.60x | $17.10 Million |
| 2024 | 9.76% | 15.51% | 0.17x | 3.68x | $-29.40 Million |
| 2025 | 10.86% | 16.55% | 0.18x | 3.62x | $115.90 Million |
Industry Comparison
This section compares Union Electric Company's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $19,749,720,789
- Average return on equity (ROE) among peers: 9.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Union Electric Company (UEPCO) | $13.53 Billion | 17.86% | 2.58x | $915.36K |
| Aboitiz Equity Ventures Inc (ABOIF) | $21.34 Billion | 14.80% | 0.79x | $1.55 Billion |
| Ameren Corp (AEE) | $4.55 Billion | 11.50% | 2.12x | $30.46 Billion |
| American Electric Power Co Inc (AEP) | $26.99 Billion | 10.99% | 2.82x | $70.72 Billion |
| Avangrid Inc (AGR) | $500.50 Million | 10.07% | 2.97x | $2.56 Billion |
| Central Puerto S.A. (CEPU) | $4.66 Billion | 28.55% | 1.05x | $2.49 Billion |
| CLP Holdings Ltd (CLPHY) | $125.97 Billion | 9.20% | 0.86x | $14.34 Billion |
| CMS Energy Corporation (CMS) | $2.46 Billion | 11.28% | 5.30x | $23.53 Billion |
| CenterPoint Energy Inc (CNP) | $8.35 Billion | -9.26% | 3.01x | $27.76 Billion |
| The Connecticut Light and Power Company (CNTHP) | $2.55 Billion | -9.96% | 3.94x | $519.38K |
| Caribbean Utilities Company Ltd (CUPUF) | $133.72 Million | 17.09% | 1.34x | $224.77 Million |