Union Financial Corporation
Union Financial Corporation operates as a bank holding company for Union Bank that provides banking products and services in Michigan. It offers checking, savings, money market, and health savings accounts; certificate of deposits; merchant, digital, overdraft protection, treasury management, and relationship and cannabis banking services; and credit cards. The company also provides business plan… Read more
Union Financial Corporation (UFCP) - Net Assets
Latest net assets as of June 2019: $14.27 Million USD
Based on the latest financial reports, Union Financial Corporation (UFCP) has net assets worth $14.27 Million USD as of June 2019.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($191.44 Million) and total liabilities ($177.17 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 | $14.27 Million |
| % of Total Assets | 7.45% |
| Annual Growth Rate | -66.77% |
| 5-Year Change | -99.87% |
| 10-Year Change | N/A |
| Growth Volatility | 41.73 |
Union Financial Corporation - Net Assets Trend (2016–2022)
This chart illustrates how Union Financial Corporation'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 Financial Corporation (2016–2022)
The table below shows the annual net assets of Union Financial Corporation from 2016 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $18.55K | -17.11% |
| 2021-12-31 | $22.38K | +22.10% |
| 2020-12-31 | $18.33K | +23.23% |
| 2019-12-31 | $14.88K | -99.89% |
| 2018-12-31 | $13.74 Million | +1.44% |
| 2017-12-31 | $13.55 Million | -1.45% |
| 2016-12-31 | $13.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Union Financial Corporation'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 99.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $20.11K | 108.40% |
| Common Stock | $3.29K | 17.75% |
| Other Comprehensive Income | $-4.85K | -26.15% |
| Total Equity | $18.55K | 100.00% |
Union Financial Corporation Competitors by Market Cap
The table below lists competitors of Union Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UACJ Corp
OTCMKTS:UACJF
|
$24.10K |
|
Altitude International Holdings Inc
PINK:ALTD
|
$24.11K |
|
LREN3F
SA:LREN3F
|
$24.11K |
|
Bone Therapeutics
LSE:0R55
|
$24.13K |
|
REVEZ CORPORATION LTD.
F:7IQ
|
$24.07K |
|
Feat Fund Investments Limited Partnership
TA:FEAT
|
$24.04K |
|
149010
KO:149010
|
$24.03K |
|
Kotmale Holdings PLC
CM:LAMBN0000
|
$24.03K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Union Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 22,381 to 18,552, a change of -3,829 (-17.1%).
- Net income of 1,118,210 contributed positively to equity growth.
- Dividend payments of 397,652 reduced retained earnings.
- Share repurchases of 164,240 reduced equity.
- Other comprehensive income decreased equity by 4,385.
- Other factors decreased equity by 555,762.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.12 Million | +6027.44% |
| Dividends Paid | $397.65K | -2143.45% |
| Share Repurchases | $164.24K | -885.3% |
| Other Comprehensive Income | $-4.38K | -23.64% |
| Other Changes | $-555.76K | -2995.7% |
| Total Change | $- | -17.11% |
Book Value vs Market Value Analysis
This analysis compares Union Financial Corporation'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: 445.56x
- 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 increased from 0.42x to 445.56x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $5.93 | $2.51 | x |
| 2017-12-31 | $8.26 | $2.51 | x |
| 2018-12-31 | $5.85 | $2.51 | x |
| 2019-12-31 | $0.01 | $2.51 | x |
| 2020-12-31 | $0.01 | $2.51 | x |
| 2021-12-31 | $0.01 | $2.51 | x |
| 2022-12-31 | $0.01 | $2.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Union Financial Corporation 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): 6027.44%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.29%
- • Asset Turnover: 39.77x
- • Equity Multiplier: 18.28x
- Recent ROE (6027.44%) is above the historical average (4166.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 4.89% | 9.39% | 0.04x | 12.72x | $-702.50K |
| 2017 | 0.12% | 0.22% | 0.04x | 13.09x | $-1.34 Million |
| 2018 | 4.27% | 7.35% | 0.04x | 13.59x | $-786.89K |
| 2019 | 7742.89% | 12.63% | 44.16x | 13.88x | $1.15 Million |
| 2020 | 8394.56% | 14.52% | 35.83x | 16.13x | $1.54 Million |
| 2021 | 6992.74% | 13.06% | 35.15x | 15.23x | $1.56 Million |
| 2022 | 6027.44% | 8.29% | 39.77x | 18.28x | $1.12 Million |
Industry Comparison
This section compares Union Financial Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Union Financial Corporation (UFCP) | $14.27 Million | 4.89% | 12.42x | $24.08K |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |