United Corporations Limited (UNC) - Net Assets

Latest as of December 2025: CA$2.54 Billion CAD ≈ $1.84 Billion USD

Based on the latest financial reports, United Corporations Limited (UNC) has net assets worth CA$2.54 Billion CAD (≈ $1.84 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.67 Billion ≈ $1.93 Billion USD) and total liabilities (CA$122.62 Million ≈ $88.70 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. Check United Corporations Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$2.54 Billion
% of Total Assets	95.4%
Annual Growth Rate	5.15%
5-Year Change	25.95%
10-Year Change	56.83%
Growth Volatility	22273.08

United Corporations Limited - Net Assets Trend (2001–2026)

This chart illustrates how United Corporations Limited's net assets have evolved over time, based on quarterly financial data. Also explore total assets of United Corporations Limited for the complete picture of this company's asset base.

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 valuation and market cap data, see UNC market cap.

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	--

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.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	CA$2.04 Billion	80.35%
Common Stock	CA$499.52 Million	19.65%
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
Amoy Diagnostics Co Ltd SHE:300685	$1.16 Billion
MasterBrand Inc. NYSE:MBC	$1.16 Billion
Gibraltar Industries Inc NASDAQ:ROCK	$1.16 Billion
Motic Xiamen Electric Group Co Ltd SHE:300341	$1.16 Billion
Liaoning Oxiranchem Inc SHE:300082	$1.16 Billion
Colorlight Cloud Tech Ltd. A SHE:301391	$1.16 Billion
Megaport Ltd AU:MP1	$1.16 Billion
Shanghai Ganglian E Commerce SHE:300226	$1.16 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: 0.63x
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 0.63x 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$14.23	x
2002-03-31	CA$62.17	CA$14.23	x
2003-03-31	CA$49.96	CA$14.23	x
2004-03-31	CA$0.06	CA$14.23	x
2005-03-31	CA$0.07	CA$14.23	x
2006-03-31	CA$77.09	CA$14.23	x
2007-03-31	CA$86.37	CA$14.23	x
2008-03-31	CA$77.82	CA$14.23	x
2009-03-31	CA$55.54	CA$14.23	x
2010-03-31	CA$67.79	CA$14.23	x
2011-03-31	CA$7.25	CA$14.23	x
2012-03-31	CA$7.30	CA$14.23	x
2013-03-31	CA$8.27	CA$14.23	x
2014-03-31	CA$10.01	CA$14.23	x
2015-03-31	CA$11.85	CA$14.23	x
2016-03-31	CA$12.13	CA$14.23	x
2017-03-31	CA$13.30	CA$14.23	x
2018-03-31	CA$13.90	CA$14.23	x
2019-03-31	CA$14.76	CA$14.23	x
2020-03-31	CA$13.78	CA$14.23	x
2021-03-31	CA$17.12	CA$14.23	x
2022-03-31	CA$16.70	CA$14.23	x
2023-03-31	CA$16.16	CA$14.23	x
2024-03-31	CA$19.21	CA$14.23	x
2025-03-31	CA$19.77	CA$14.23	x
2026-03-31	CA$22.60	CA$14.23	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: $4,660,220,876
Average return on equity (ROE) among peers: 6.16%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
United Corporations Limited (UNC)	CA$2.54 Billion	1.52%	0.05x	$1.16 Billion
Aberdeen International Inc. (AAB)	$28.78 Million	-45.51%	0.06x	$3.49 Million
Base Carbon Inc. (BCBN)	$134.69 Million	72.96%	0.05x	$67.04 Million
Canadian Banc Corp (BK)	$109.79 Million	24.98%	0.77x	$525.03 Million
Brookfield Corporation (BN)	$39.05 Billion	5.01%	1.33x	$99.82 Billion
Sprott Physical Gold and Silver Trust (CEF)	$3.24 Billion	-22.98%	0.00x	$9.12 Billion
Canadian General Investments Ltd (CGI)	$500.05 Million	24.07%	0.30x	$767.51 Million
CI Financial Corp (CIX)	$2.06 Billion	24.28%	1.21x	$3.32 Billion
Clairvest Group Inc. (CVG)	$399.46 Million	9.71%	0.19x	$752.38 Million
Cymbria Corporation (CYB)	$1.04 Billion	2.10%	0.03x	$987.87 Million
Dividend 15 Split Corp II (DF)	$46.10 Million	-33.02%	3.05x	$151.03 Million

About United Corporations Limited

TO:UNC Canada Asset Management

Market Cap

$1.16 Billion

CA$1.60 Billion CAD

Market Cap Rank

#8482 Global

#251 in Canada

Share Price

CA$14.23

Change (1 day)

-0.84%

52-Week Range

CA$13.35 - CA$136.00

All Time High

CA$141.50