United Corporations Limited Net Assets
United Corporations Limited net assets. Based on the latest financial reports, United Corporations Limited (UNC) has net assets worth CA$2.61 Billion CAD (≈ $1.89 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.77 Billion ≈ $2.00 Billion USD) and total liabilities (CA$154.84 Million ≈ $112.01 Million USD). 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. See UNC equity to assets ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.61 Billion |
| % of Total Assets | 94.41% |
| Annual Growth Rate | 5.15% |
| 5-Year Change | 25.95% |
| 10-Year Change | 56.83% |
| Growth Volatility | 22273.08 |
Net Assets of United Corporations Limited (2001–2026)
Net assets of United Corporations Limited from 2001 to 2026. This chart illustrates how United Corporations Limited's net assets have evolved over time, based on quarterly financial data. Also explore United Corporations Limited net asset momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for United Corporations Limited (2001–2026)
The table below shows the annual net assets of United Corporations Limited from 2001 to 2026. For live market cap and overall valuation, see market value of United Corporations Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | CA$2.54 Billion ≈ $1.84 Billion |
+14.28% |
| 2025-03-31 | CA$2.22 Billion ≈ $1.61 Billion |
+0.74% |
| 2024-03-31 | CA$2.21 Billion ≈ $1.60 Billion |
+15.52% |
| 2023-03-31 | CA$1.91 Billion ≈ $1.38 Billion |
-5.30% |
| 2022-03-31 | CA$2.02 Billion ≈ $1.46 Billion |
-2.57% |
| 2021-03-31 | CA$2.07 Billion ≈ $1.50 Billion |
+23.33% |
| 2020-03-31 | CA$1.68 Billion ≈ $1.22 Billion |
-6.67% |
| 2019-03-31 | CA$1.80 Billion ≈ $1.30 Billion |
+6.18% |
| 2018-03-31 | CA$1.70 Billion ≈ $1.23 Billion |
+4.57% |
| 2017-03-31 | CA$1.62 Billion ≈ $1.17 Billion |
+9.61% |
| 2016-03-31 | CA$1.48 Billion ≈ $1.07 Billion |
+2.36% |
| 2015-03-31 | CA$1.44 Billion ≈ $1.05 Billion |
+18.34% |
| 2014-03-31 | CA$1.22 Billion ≈ $883.28 Million |
+21.09% |
| 2013-03-31 | CA$1.01 Billion ≈ $729.44 Million |
+13.35% |
| 2012-03-31 | CA$889.65 Million ≈ $643.56 Million |
+0.69% |
| 2011-03-31 | CA$883.58 Million ≈ $639.17 Million |
+6.60% |
| 2010-03-31 | CA$828.84 Million ≈ $599.57 Million |
+22.58% |
| 2009-03-31 | CA$676.15 Million ≈ $489.12 Million |
-28.75% |
| 2008-03-31 | CA$948.93 Million ≈ $686.44 Million |
-10.21% |
| 2007-03-31 | CA$1.06 Billion ≈ $764.53 Million |
+12.43% |
| 2006-03-31 | CA$940.07 Million ≈ $680.03 Million |
+113662.31% |
| 2005-03-31 | CA$826.34K ≈ $597.76K |
+9.38% |
| 2004-03-31 | CA$755.49K ≈ $546.51K |
-99.88% |
| 2003-03-31 | CA$609.27 Million ≈ $440.74 Million |
-19.63% |
| 2002-03-31 | CA$758.05 Million ≈ $548.37 Million |
+4.71% |
| 2001-03-31 | CA$723.95 Million ≈ $523.69 Million |
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Equity Component Analysis
This analysis shows how different components contribute to United Corporations Limited'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 2007.7% over the analyzed period, indicating profitable operations and earnings retention.
United Corporations Limited Net Assets Breakdown (March 2026)
United Corporations Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$2.04 Billion | 80.35% |
| Common Stock | CA$493.40 Million | 19.40% |
| Other Components | CA$6.12 Million | 0.24% |
| Total Equity | CA$2.54 Billion | 100.00% |
United Corporations Limited Competitors by Market Cap
The table below lists competitors of United Corporations Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jingsu Jingshen Salt&Chem
SHG:603299
|
$1.18 Billion |
|
Manchester United Ltd
NYSE:MANU
|
$1.18 Billion |
|
Nomad Foods Limited
F:0NH
|
$1.18 Billion |
|
Liuzhou Iron & Steel Co Ltd
SHG:601003
|
$1.18 Billion |
|
Johnson Health Tech Co Ltd
TW:1736
|
$1.18 Billion |
|
Shanxi Huaxiang Group Co Ltd
SHG:603112
|
$1.18 Billion |
|
Dole plc
F:4CB
|
$1.18 Billion |
|
BP PLC
LSE:BP
|
$1.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Corporations Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 2,224,887,000 to 2,542,636,000, a change of 317,749,000 (14.3%).
- Net income of 456,754,858 contributed positively to equity growth.
- Dividend payments of 24,473,000 reduced retained earnings.
- Share repurchases of 346,000 reduced equity.
- Other factors decreased equity by 114,186,858.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$456.75 Million | +17.96% |
| Dividends Paid | CA$24.47 Million | -0.96% |
| Share Repurchases | CA$346.00K | -0.01% |
| Other Changes | CA$-114.19 Million | -4.49% |
| Total Change | CA$- | 14.28% |
Book Value vs Market Value Analysis
This analysis compares United Corporations Limited'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: 0.64x
- 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 increased from 0.24x to 0.64x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-03-31 | CA$59.37 | CA$14.51 | x |
| 2002-03-31 | CA$62.17 | CA$14.51 | x |
| 2003-03-31 | CA$49.96 | CA$14.51 | x |
| 2004-03-31 | CA$0.06 | CA$14.51 | x |
| 2005-03-31 | CA$0.07 | CA$14.51 | x |
| 2006-03-31 | CA$77.09 | CA$14.51 | x |
| 2007-03-31 | CA$86.37 | CA$14.51 | x |
| 2008-03-31 | CA$77.82 | CA$14.51 | x |
| 2009-03-31 | CA$55.54 | CA$14.51 | x |
| 2010-03-31 | CA$67.79 | CA$14.51 | x |
| 2011-03-31 | CA$7.25 | CA$14.51 | x |
| 2012-03-31 | CA$7.30 | CA$14.51 | x |
| 2013-03-31 | CA$8.27 | CA$14.51 | x |
| 2014-03-31 | CA$10.01 | CA$14.51 | x |
| 2015-03-31 | CA$11.85 | CA$14.51 | x |
| 2016-03-31 | CA$12.13 | CA$14.51 | x |
| 2017-03-31 | CA$13.30 | CA$14.51 | x |
| 2018-03-31 | CA$13.90 | CA$14.51 | x |
| 2019-03-31 | CA$14.76 | CA$14.51 | x |
| 2020-03-31 | CA$13.78 | CA$14.51 | x |
| 2021-03-31 | CA$17.12 | CA$14.51 | x |
| 2022-03-31 | CA$16.70 | CA$14.51 | x |
| 2023-03-31 | CA$16.16 | CA$14.51 | x |
| 2024-03-31 | CA$19.21 | CA$14.51 | x |
| 2025-03-31 | CA$19.77 | CA$14.51 | x |
| 2026-03-31 | CA$22.60 | CA$14.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Corporations Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.96%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 305.92%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.05x
- Recent ROE (17.96%) is below the historical average (441.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 1.52% | 430.22% | 0.00x | 1.00x | CA$-61.38 Million |
| 2002 | 1.58% | 1336.01% | 0.00x | 1.02x | CA$-63.82 Million |
| 2003 | 1.99% | 70.70% | 0.03x | 1.00x | CA$-48.78 Million |
| 2004 | 1511.47% | 66.09% | 22.04x | 1.04x | CA$11.34 Million |
| 2005 | 9815.77% | 409.95% | 22.92x | 1.04x | CA$81.03 Million |
| 2006 | 13.18% | 192.81% | 0.06x | 1.06x | CA$29.91 Million |
| 2007 | 12.01% | 93.14% | 0.12x | 1.06x | CA$21.21 Million |
| 2008 | -9.78% | -363.66% | 0.03x | 1.03x | CA$-187.74 Million |
| 2009 | -38.85% | -1027.15% | 0.04x | 1.01x | CA$-330.33 Million |
| 2010 | 19.65% | 761.53% | 0.03x | 1.03x | CA$79.98 Million |
| 2011 | 7.35% | 288.29% | 0.02x | 1.03x | CA$-23.45 Million |
| 2012 | 1.83% | 64.04% | 0.03x | 1.03x | CA$-72.68 Million |
| 2013 | 13.48% | 96.27% | 0.13x | 1.04x | CA$35.10 Million |
| 2014 | 18.88% | 85.31% | 0.21x | 1.04x | CA$108.37 Million |
| 2015 | 16.81% | 85.12% | 0.19x | 1.05x | CA$98.46 Million |
| 2016 | 3.82% | 78.27% | 0.05x | 1.04x | CA$-91.41 Million |
| 2017 | 10.63% | 84.29% | 0.12x | 1.05x | CA$10.16 Million |
| 2018 | 6.07% | 82.66% | 0.07x | 1.05x | CA$-66.71 Million |
| 2019 | 7.18% | 83.15% | 0.08x | 1.05x | CA$-50.78 Million |
| 2020 | -5.16% | 0.00% | -0.06x | 1.02x | CA$-254.75 Million |
| 2021 | 20.40% | 86.57% | 0.23x | 1.04x | CA$215.42 Million |
| 2022 | -1.14% | 0.00% | -0.01x | 1.02x | CA$-224.97 Million |
| 2023 | 0.73% | 68.07% | 0.01x | 1.02x | CA$-177.31 Million |
| 2024 | 16.04% | 85.12% | 0.18x | 1.04x | CA$133.40 Million |
| 2025 | 9.94% | 85.91% | 0.11x | 1.04x | CA$-1.39 Million |
| 2026 | 17.96% | 305.92% | 0.06x | 1.05x | CA$202.49 Million |
Industry Comparison
This section compares United Corporations Limited's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,418,075,398
- Average return on equity (ROE) among peers: -6.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Corporations Limited (UNC) | CA$2.61 Billion | 1.52% | 0.06x | $1.18 Billion |
| Aberdeen International Inc. (AAB) | $87.49 Million | -10.35% | 0.14x | $2.32 Million |
| Base Carbon Inc. (BCBN) | $134.69 Million | 72.96% | 0.05x | $41.59 Million |
| Canadian Banc Corp (BK) | $237.10 Million | -5.86% | 1.66x | $520.42 Million |
| Brookfield Corporation (BN) | $6.40 Billion | 6.37% | 1.55x | $89.09 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $3.98 Billion | -36.62% | 0.00x | $6.88 Billion |
| Canadian General Investments Ltd (CGI) | $424.88 Million | -14.25% | 0.36x | $772.64 Million |
| CI Financial Corp (CIX) | $59.93 Million | -102.52% | 3.85x | $3.32 Billion |
| Culico Metals Inc. (CLCO) | $10.12 Million | -3.33% | 0.00x | $25.70 Million |
| Clairvest Group Inc. (CVG) | $857.81 Million | 12.22% | 0.15x | $837.28 Million |
| Cymbria Corporation (CYB) | $1.98 Billion | 14.22% | 0.07x | $1.12 Billion |
About United Corporations Limited
United Corporations Limited is a closed ended equity fund launched and managed by Jarislowsky, Fraser Limited. It is co-managed by ValueInvest Asset Management S.A. It invests in the public equity markets of Canada. The fund also makes its investments in units of in Emerging Markets Investors Fund. It makes its investments in stocks of companies operating across diversified sectors. The fund benc… Read more