USI Corp
USI Corporation, together with its subsidiaries, designs, develops, manufactures, and sells polyethylene plastic pellets in Asia, the Americas, Europe, Africa, Oceania, and internationally. It offers ethylene vinyl acetate copolymers, low and linear low-density polyethylene, high density polyethylene resin, and cyclic block copolymers; industrial paints and architectural paints and coatings; and … Read more
USI Corp (1304) - Net Assets
Latest net assets as of September 2025: NT$36.92 Billion TWD
Based on the latest financial reports, USI Corp (1304) has net assets worth NT$36.92 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$64.56 Billion) and total liabilities (NT$27.64 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 | NT$36.92 Billion |
| % of Total Assets | 57.18% |
| Annual Growth Rate | 6.15% |
| 5-Year Change | -12.22% |
| 10-Year Change | 37.75% |
| Growth Volatility | 21.32 |
USI Corp - Net Assets Trend (2000–2024)
This chart illustrates how USI 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 USI Corp (2000–2024)
The table below shows the annual net assets of USI Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$42.77 Billion | -10.04% |
| 2023-12-31 | NT$47.54 Billion | -6.64% |
| 2022-12-31 | NT$50.92 Billion | -8.48% |
| 2021-12-31 | NT$55.64 Billion | +14.21% |
| 2020-12-31 | NT$48.72 Billion | +24.37% |
| 2019-12-31 | NT$39.18 Billion | +7.47% |
| 2018-12-31 | NT$36.45 Billion | +4.73% |
| 2017-12-31 | NT$34.81 Billion | +8.71% |
| 2016-12-31 | NT$32.02 Billion | +3.12% |
| 2015-12-31 | NT$31.05 Billion | -0.16% |
| 2014-12-31 | NT$31.10 Billion | -0.63% |
| 2013-12-31 | NT$31.29 Billion | +0.34% |
| 2012-12-31 | NT$31.19 Billion | +6.08% |
| 2011-12-31 | NT$29.40 Billion | +6.45% |
| 2010-12-31 | NT$27.62 Billion | +13.77% |
| 2009-12-31 | NT$24.28 Billion | +21.97% |
| 2008-12-31 | NT$19.91 Billion | -18.08% |
| 2007-12-31 | NT$24.30 Billion | +14.17% |
| 2006-12-31 | NT$21.28 Billion | +5.95% |
| 2005-12-31 | NT$20.09 Billion | +98.25% |
| 2004-12-31 | NT$10.13 Billion | +5.29% |
| 2003-12-31 | NT$9.62 Billion | +7.01% |
| 2002-12-31 | NT$8.99 Billion | -11.47% |
| 2001-12-31 | NT$10.16 Billion | -0.51% |
| 2000-12-31 | NT$10.21 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to USI 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 9968.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$4.62 Billion | 22.23% |
| Common Stock | NT$11.89 Billion | 57.15% |
| Other Components | NT$4.29 Billion | 20.62% |
| Total Equity | NT$20.80 Billion | 100.00% |
USI Corp Competitors by Market Cap
The table below lists competitors of USI Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Roman DBDR Acquisition Corp. II Unit
NASDAQ:DRDBU
|
$220.89 Million |
|
Morningstar Japan K.K
F:MJP
|
$220.91 Million |
|
PARKEN Sport & Entertainment
CO:PARKEN
|
$220.98 Million |
|
Sizzle Acquisition Corp. II - Class A ordinary shares
NASDAQ:SZZL
|
$220.99 Million |
|
Shanghai Diesel Engine Co Ltd B
SHG:900920
|
$220.82 Million |
|
Here Group Limited
NASDAQ:HERE
|
$220.76 Million |
|
Anhui Coreach Technology Co Ltd
SHE:002983
|
$220.71 Million |
|
Zhejiang Yangfan New Materials Co Ltd
SHE:300637
|
$220.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in USI Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 23,254,285,000 to 20,800,048,000, a change of -2,454,237,000 (-10.6%).
- Net loss of 2,147,470,000 reduced equity.
- Dividend payments of 416,067,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,272,898,000.
- Other factors increased equity by 4,382,198,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-2.15 Billion | -10.32% |
| Dividends Paid | NT$416.07 Million | -2.0% |
| Other Comprehensive Income | NT$-4.27 Billion | -20.54% |
| Other Changes | NT$4.38 Billion | +21.07% |
| Total Change | NT$- | -10.55% |
Book Value vs Market Value Analysis
This analysis compares USI 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: 0.67x
- 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 1.34x to 0.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$9.65 | NT$12.95 | x |
| 2007-12-31 | NT$11.15 | NT$12.95 | x |
| 2008-12-31 | NT$8.86 | NT$12.95 | x |
| 2009-12-31 | NT$11.44 | NT$12.95 | x |
| 2010-12-31 | NT$13.15 | NT$12.95 | x |
| 2011-12-31 | NT$14.85 | NT$12.95 | x |
| 2012-12-31 | NT$16.02 | NT$12.95 | x |
| 2013-12-31 | NT$15.83 | NT$12.95 | x |
| 2014-12-31 | NT$16.07 | NT$12.95 | x |
| 2015-12-31 | NT$15.86 | NT$12.95 | x |
| 2016-12-31 | NT$16.52 | NT$12.95 | x |
| 2017-12-31 | NT$16.89 | NT$12.95 | x |
| 2018-12-31 | NT$16.95 | NT$12.95 | x |
| 2019-12-31 | NT$17.38 | NT$12.95 | x |
| 2020-12-31 | NT$19.55 | NT$12.95 | x |
| 2021-12-31 | NT$23.70 | NT$12.95 | x |
| 2022-12-31 | NT$22.82 | NT$12.95 | x |
| 2023-12-31 | NT$21.69 | NT$12.95 | x |
| 2024-12-31 | NT$19.40 | NT$12.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently USI Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.21%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 3.45x
- Recent ROE (-10.32%) is below the historical average (7.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.19% | 0.29% | 0.31x | 2.09x | NT$-882.12 Million |
| 2003 | 3.10% | 4.59% | 0.35x | 1.93x | NT$-664.42 Million |
| 2004 | 10.11% | 12.58% | 0.40x | 1.99x | NT$11.47 Million |
| 2005 | 6.71% | 1.61% | 0.96x | 4.36x | NT$-334.85 Million |
| 2006 | 9.46% | 2.34% | 0.96x | 4.22x | NT$-58.40 Million |
| 2007 | 17.73% | 3.94% | 1.13x | 3.98x | NT$965.92 Million |
| 2008 | 0.75% | 0.14% | 1.23x | 4.31x | NT$-915.96 Million |
| 2009 | 15.78% | 4.32% | 0.98x | 3.74x | NT$739.16 Million |
| 2010 | 20.02% | 5.02% | 1.15x | 3.46x | NT$1.47 Billion |
| 2011 | 19.74% | 5.55% | 1.04x | 3.44x | NT$1.58 Billion |
| 2012 | 9.59% | 3.00% | 1.01x | 3.17x | NT$-70.42 Million |
| 2013 | 4.78% | 1.39% | 1.00x | 3.43x | NT$-892.72 Million |
| 2014 | 3.70% | 1.07% | 1.02x | 3.37x | NT$-1.09 Billion |
| 2015 | 5.17% | 1.68% | 0.91x | 3.38x | NT$-822.87 Million |
| 2016 | 6.71% | 2.24% | 0.86x | 3.50x | NT$-583.11 Million |
| 2017 | 6.13% | 1.91% | 0.90x | 3.55x | NT$-701.15 Million |
| 2018 | 2.97% | 0.89% | 0.88x | 3.79x | NT$-1.28 Billion |
| 2019 | 6.87% | 2.30% | 0.78x | 3.83x | NT$-584.59 Million |
| 2020 | 11.48% | 4.80% | 0.65x | 3.68x | NT$310.70 Million |
| 2021 | 20.39% | 7.23% | 0.85x | 3.33x | NT$2.65 Billion |
| 2022 | 6.35% | 2.34% | 0.85x | 3.17x | NT$-894.51 Million |
| 2023 | -0.89% | -0.40% | 0.71x | 3.19x | NT$-2.53 Billion |
| 2024 | -10.32% | -4.21% | 0.71x | 3.45x | NT$-4.23 Billion |
Industry Comparison
This section compares USI Corp's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $46,660,494,000
- Average return on equity (ROE) among peers: 11.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| USI Corp (1304) | NT$36.92 Billion | 0.19% | 0.75x | $220.86 Million |
| Formosa Plastics Corp (1301) | $225.33 Billion | 12.22% | 0.47x | $5.82 Billion |
| Nan Ya Plastics Corp (1303) | $142.47 Billion | 14.77% | 1.15x | $13.36 Billion |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $9.82 Billion | 5.76% | 0.52x | $156.91 Million |
| Taita Chemical Co Ltd (1309) | $3.69 Billion | 0.65% | 0.67x | $113.99 Million |
| China Petrochemical Development Corp (1314) | $22.05 Billion | 8.06% | 1.26x | $902.62 Million |
| Ocean Plastics Co Ltd (1321) | $2.93 Billion | 13.39% | 0.47x | $168.69 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $42.00 Million |
| Everlight Chemical Industrial Corp (1711) | $6.07 Billion | 11.90% | 0.51x | $317.86 Million |