Asia United Bank Corp
Asia United Bank Corp operates in Consumer Finance.
Asia United Bank Corp (AUB) - Net Assets
Latest net assets as of June 2023: ₱43.61 Billion PHP
Based on the latest financial reports, Asia United Bank Corp (AUB) has net assets worth ₱43.61 Billion PHP as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱327.71 Billion) and total liabilities (₱284.11 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 | ₱43.61 Billion |
| % of Total Assets | 13.31% |
| Annual Growth Rate | 8.92% |
| 5-Year Change | 36.63% |
| 10-Year Change | N/A |
| Growth Volatility | 6.0 |
Asia United Bank Corp - Net Assets Trend (2014–2022)
This chart illustrates how Asia United Bank Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Asia United Bank Corp (2014–2022)
The table below shows the annual net assets of Asia United Bank Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱39.72 Billion | +4.92% |
| 2021-12-31 | ₱37.86 Billion | +7.90% |
| 2020-12-31 | ₱35.08 Billion | +6.27% |
| 2019-12-31 | ₱33.02 Billion | +13.57% |
| 2018-12-31 | ₱29.07 Billion | +9.06% |
| 2017-12-31 | ₱26.66 Billion | +12.92% |
| 2016-12-31 | ₱23.61 Billion | +19.65% |
| 2015-12-31 | ₱19.73 Billion | -1.62% |
| 2014-12-31 | ₱20.05 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asia United Bank Corp'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 176.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱32.10 Billion | 80.81% |
| Common Stock | ₱4.85 Billion | 12.22% |
| Other Components | ₱2.77 Billion | 6.97% |
| Total Equity | ₱39.72 Billion | 100.00% |
Asia United Bank Corp Competitors by Market Cap
The table below lists competitors of Asia United Bank Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CHINA GREEN
BE:GR0
|
$6.66K |
|
103660
KO:103660
|
$6.67K |
|
Commercial Bank of Ceylon PLC
CM:COMBN0000
|
$6.67K |
|
Real Estate Investors PLC
LSE:RLE
|
$6.68K |
|
Song Hong Construction JSC
VN:ICG
|
$6.66K |
|
MEXICHEM (4FZ.SG)
STU:4FZ
|
$6.65K |
|
Quebec Innovative Materials Corp.
F:7FJ
|
$6.65K |
|
El Obour Real Estate Investment
EGX:OBRI
|
$6.63K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asia United Bank Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 37,857,755,000 to 39,719,871,000, a change of 1,862,116,000 (4.9%).
- Net income of 6,266,990,000 contributed positively to equity growth.
- Dividend payments of 970,621,000 reduced retained earnings.
- Other factors decreased equity by 3,434,253,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱6.27 Billion | +15.78% |
| Dividends Paid | ₱970.62 Million | -2.44% |
| Other Changes | ₱-3.43 Billion | -8.65% |
| Total Change | ₱- | 4.92% |
Book Value vs Market Value Analysis
This analysis compares Asia United Bank Corp'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: 0.50x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.84x to 0.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱48.64 | ₱41.00 | x |
| 2017-12-31 | ₱54.92 | ₱41.00 | x |
| 2018-12-31 | ₱59.90 | ₱41.00 | x |
| 2019-12-31 | ₱68.03 | ₱41.00 | x |
| 2020-12-31 | ₱72.29 | ₱41.00 | x |
| 2021-12-31 | ₱78.01 | ₱41.00 | x |
| 2022-12-31 | ₱81.84 | ₱41.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asia United Bank Corp 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): 15.78%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 8.56x
- Recent ROE (15.78%) is above the historical average (10.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 8.38% | 0.00% | 0.00x | 6.22x | ₱-323.91 Million |
| 2015 | 7.68% | 0.00% | 0.00x | 7.78x | ₱-456.91 Million |
| 2016 | 9.67% | 0.00% | 0.00x | 7.01x | ₱-78.31 Million |
| 2017 | 10.51% | 0.00% | 0.00x | 7.50x | ₱135.21 Million |
| 2018 | 11.40% | 0.00% | 0.00x | 8.17x | ₱406.20 Million |
| 2019 | 13.47% | 0.00% | 0.00x | 8.06x | ₱1.15 Billion |
| 2020 | 8.62% | 0.00% | 0.00x | 8.99x | ₱-485.49 Million |
| 2021 | 10.71% | 0.00% | 0.00x | 8.40x | ₱268.14 Million |
| 2022 | 15.78% | 0.00% | 0.00x | 8.56x | ₱2.30 Billion |
Industry Comparison
This section compares Asia United Bank Corp's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $129,746,646,066
- Average return on equity (ROE) among peers: 8.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asia United Bank Corp (AUB) | ₱43.61 Billion | 8.38% | 6.52x | $6.66K |
| BDO Unibank Inc (BDO) | $216.82 Billion | 12.10% | 9.72x | $18.87K |
| Bank of the Philippine Islands (BPI) | $279.83 Billion | 7.65% | 6.98x | $15.96K |
| Filinvest Development Coproration (FDC) | $79.40 Billion | 8.33% | 5.71x | $717.41 |
| Ferronoux Holdings Inc (FERRO) | $131.11 Million | 0.39% | 0.04x | $881.03 |
| LT Group Inc (LTG) | $190.07 Billion | 10.65% | 5.90x | $2.38K |
| Metropolitan Bank & Trust Co (MBT) | $150.13 Billion | 13.40% | 9.69x | $10.49K |
| Philippine National Bank (PNB) | $152.09 Billion | 6.37% | 6.51x | $9.06K |
| Philippine Savings Bank (PSB) | $37.14 Billion | 9.90% | 6.12x | $9.09K |
| Rizal Commercial Banking Corp (RCB) | $62.11 Billion | 6.23% | 7.39x | $3.88K |