Union Bank of the Philippines
Union Bank of the Philippines operates in Consumer Finance.
Union Bank of the Philippines (UBP) - Net Assets
Latest net assets as of June 2023: ₱172.40 Billion PHP
Based on the latest financial reports, Union Bank of the Philippines (UBP) has net assets worth ₱172.40 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 (₱1.11 Trillion) and total liabilities (₱937.00 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 | ₱172.40 Billion |
| % of Total Assets | 15.54% |
| Annual Growth Rate | 12.93% |
| 5-Year Change | 71.36% |
| 10-Year Change | N/A |
| Growth Volatility | 8.12 |
Union Bank of the Philippines - Net Assets Trend (2014–2022)
This chart illustrates how Union Bank of the Philippines'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 Bank of the Philippines (2014–2022)
The table below shows the annual net assets of Union Bank of the Philippines from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱147.62 Billion | +32.47% |
| 2021-12-31 | ₱111.44 Billion | +6.78% |
| 2020-12-31 | ₱104.36 Billion | +7.04% |
| 2019-12-31 | ₱97.50 Billion | +13.17% |
| 2018-12-31 | ₱86.15 Billion | +17.54% |
| 2017-12-31 | ₱73.29 Billion | +9.51% |
| 2016-12-31 | ₱66.93 Billion | +12.55% |
| 2015-12-31 | ₱59.47 Billion | +6.54% |
| 2014-12-31 | ₱55.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Union Bank of the Philippines'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 133.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱93.54 Billion | 63.36% |
| Common Stock | ₱21.42 Billion | 14.51% |
| Other Components | ₱32.66 Billion | 22.13% |
| Total Equity | ₱147.62 Billion | 100.00% |
Union Bank of the Philippines Competitors by Market Cap
The table below lists competitors of Union Bank of the Philippines ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HBOR3F
SA:HBOR3F
|
$4.23K |
|
CHANGAN MINSHENG-H-
BE:W8R
|
$4.24K |
|
Credit Agricole Egypt
EGX:CIEB
|
$4.24K |
|
NB Distressed Debt Investment Fund Ltd
LSE:NBDD
|
$4.24K |
|
EFU General Insurance Ltd
KAR:EFUG
|
$4.23K |
|
Soke Degirmencilik AS
IS:SOKE
|
$4.23K |
|
Bloomios Inc
PINK:BLMS
|
$4.22K |
|
VIGLACERA HALO
VN:VHL
|
$4.22K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Union Bank of the Philippines's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 111,435,928,000 to 147,621,667,000, a change of 36,185,739,000 (32.5%).
- Net income of 12,529,248,000 contributed positively to equity growth.
- Dividend payments of 4,269,771,000 reduced retained earnings.
- Share repurchases of 39,914,428,000 reduced equity.
- Other factors increased equity by 67,840,690,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱12.53 Billion | +8.49% |
| Dividends Paid | ₱4.27 Billion | -2.89% |
| Share Repurchases | ₱39.91 Billion | -27.04% |
| Other Changes | ₱67.84 Billion | +45.96% |
| Total Change | ₱- | 32.47% |
Book Value vs Market Value Analysis
This analysis compares Union Bank of the Philippines'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: 0.38x
- 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 0.58x to 0.38x 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 | ₱43.87 | ₱25.60 | x |
| 2017-12-31 | ₱48.04 | ₱25.60 | x |
| 2018-12-31 | ₱50.72 | ₱25.60 | x |
| 2019-12-31 | ₱57.39 | ₱25.60 | x |
| 2020-12-31 | ₱59.38 | ₱25.60 | x |
| 2021-12-31 | ₱79.20 | ₱25.60 | x |
| 2022-12-31 | ₱66.66 | ₱25.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Union Bank of the Philippines 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): 8.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 7.40x
- Recent ROE (8.49%) is below the historical average (11.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 15.05% | 0.00% | 0.00x | 7.99x | ₱2.82 Billion |
| 2015 | 10.10% | 0.00% | 0.00x | 7.43x | ₱61.45 Million |
| 2016 | 15.03% | 0.00% | 0.00x | 7.83x | ₱3.37 Billion |
| 2017 | 10.78% | 0.00% | 0.00x | 8.48x | ₱574.65 Million |
| 2018 | 7.98% | 0.00% | 0.00x | 7.77x | ₱-1.74 Billion |
| 2019 | 14.39% | 0.00% | 0.00x | 7.91x | ₱4.28 Billion |
| 2020 | 11.07% | 0.00% | 0.00x | 7.42x | ₱1.12 Billion |
| 2021 | 11.24% | 0.00% | 0.00x | 7.46x | ₱1.38 Billion |
| 2022 | 8.49% | 0.00% | 0.00x | 7.40x | ₱-2.23 Billion |
Industry Comparison
This section compares Union Bank of the Philippines's net assets metrics with peer companies in the Banking Services industry.
Industry Context
- Industry: Banking Services
- Average net assets among peers: $120,280,452,359
- Average return on equity (ROE) among peers: 8.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Union Bank of the Philippines (UBP) | ₱172.40 Billion | 15.05% | 5.44x | $4.23K |
| Asia United Bank Corp (AUB) | $35.08 Billion | 8.62% | 7.99x | $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 |