USI Corp (1304) - Net Assets
Based on the latest financial reports, USI Corp (1304) has net assets worth NT$35.02 Billion TWD (≈ $1.10 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$64.63 Billion ≈ $2.04 Billion USD) and total liabilities (NT$29.60 Billion ≈ $932.64 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 asset allocation strategy of USI Corp to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$35.02 Billion |
| % of Total Assets | 54.19% |
| Annual Growth Rate | 5.11% |
| 5-Year Change | -36.28% |
| 10-Year Change | 10.73% |
| Growth Volatility | 21.45 |
USI Corp - Net Assets Trend (2000–2025)
This chart illustrates how USI Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is USI Corp worth.
Annual Net Assets for USI Corp (2000–2025)
The table below shows the annual net assets of USI Corp from 2000 to 2025. Also explore net asset growth rate of USI Corp to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$35.45 Billion ≈ $1.12 Billion |
-17.11% |
| 2024-12-31 | NT$42.77 Billion ≈ $1.35 Billion |
-10.04% |
| 2023-12-31 | NT$47.54 Billion ≈ $1.50 Billion |
-6.64% |
| 2022-12-31 | NT$50.92 Billion ≈ $1.60 Billion |
-8.48% |
| 2021-12-31 | NT$55.64 Billion ≈ $1.75 Billion |
+14.21% |
| 2020-12-31 | NT$48.72 Billion ≈ $1.54 Billion |
+24.37% |
| 2019-12-31 | NT$39.18 Billion ≈ $1.23 Billion |
+7.47% |
| 2018-12-31 | NT$36.45 Billion ≈ $1.15 Billion |
+4.73% |
| 2017-12-31 | NT$34.81 Billion ≈ $1.10 Billion |
+8.71% |
| 2016-12-31 | NT$32.02 Billion ≈ $1.01 Billion |
+3.12% |
| 2015-12-31 | NT$31.05 Billion ≈ $978.22 Million |
-0.16% |
| 2014-12-31 | NT$31.10 Billion ≈ $979.75 Million |
-0.63% |
| 2013-12-31 | NT$31.29 Billion ≈ $985.92 Million |
+0.34% |
| 2012-12-31 | NT$31.19 Billion ≈ $982.63 Million |
+6.08% |
| 2011-12-31 | NT$29.40 Billion ≈ $926.30 Million |
+6.45% |
| 2010-12-31 | NT$27.62 Billion ≈ $870.20 Million |
+13.77% |
| 2009-12-31 | NT$24.28 Billion ≈ $764.90 Million |
+21.97% |
| 2008-12-31 | NT$19.91 Billion ≈ $627.12 Million |
-18.08% |
| 2007-12-31 | NT$24.30 Billion ≈ $765.54 Million |
+14.17% |
| 2006-12-31 | NT$21.28 Billion ≈ $670.51 Million |
+5.95% |
| 2005-12-31 | NT$20.09 Billion ≈ $632.86 Million |
+98.25% |
| 2004-12-31 | NT$10.13 Billion ≈ $319.22 Million |
+5.29% |
| 2003-12-31 | NT$9.62 Billion ≈ $303.18 Million |
+7.01% |
| 2002-12-31 | NT$8.99 Billion ≈ $283.32 Million |
-11.47% |
| 2001-12-31 | NT$10.16 Billion ≈ $320.04 Million |
-0.51% |
| 2000-12-31 | NT$10.21 Billion ≈ $321.67 Million |
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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 3306.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.56 Billion | 8.93% |
| Common Stock | NT$11.89 Billion | 67.89% |
| Other Comprehensive Income | NT$4.10 Billion | 23.41% |
| Total Equity | NT$17.51 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 |
|---|---|
|
Hainan Honz Pharmaceutical Co
SHE:300086
|
$412.25 Million |
|
China Quanjude Group Co Ltd
SHE:002186
|
$412.29 Million |
|
Xerox Corp
NASDAQ:XRX
|
$412.33 Million |
|
Apellis Pharmaceuticals Inc
NASDAQ:APLS
|
$412.48 Million |
|
Facc AG
VI:FACC
|
$412.11 Million |
|
Qualitau Ltd
TA:QLTU
|
$412.09 Million |
|
Astral Foods Ltd.
JSE:ARL
|
$411.06 Million |
|
Rieter Holding AG
SW:RIEN
|
$411.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in USI Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,800,048,000 to 17,511,084,000, a change of -3,288,964,000 (-15.8%).
- Net loss of 6,405,280,000 reduced equity.
- Dividend payments of 237,753,000 reduced retained earnings.
- Other comprehensive income decreased equity by 197,233,000.
- Other factors increased equity by 3,551,302,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-6.41 Billion | -36.58% |
| Dividends Paid | NT$237.75 Million | -1.36% |
| Other Comprehensive Income | NT$-197.23 Million | -1.13% |
| Other Changes | NT$3.55 Billion | +20.28% |
| Total Change | NT$- | -15.81% |
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: 0.75x
- 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 1.26x to 0.75x 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$12.20 | x |
| 2007-12-31 | NT$11.15 | NT$12.20 | x |
| 2008-12-31 | NT$8.86 | NT$12.20 | x |
| 2009-12-31 | NT$11.44 | NT$12.20 | x |
| 2010-12-31 | NT$13.15 | NT$12.20 | x |
| 2011-12-31 | NT$14.85 | NT$12.20 | x |
| 2012-12-31 | NT$16.02 | NT$12.20 | x |
| 2013-12-31 | NT$15.83 | NT$12.20 | x |
| 2014-12-31 | NT$16.07 | NT$12.20 | x |
| 2015-12-31 | NT$15.86 | NT$12.20 | x |
| 2016-12-31 | NT$16.52 | NT$12.20 | x |
| 2017-12-31 | NT$16.89 | NT$12.20 | x |
| 2018-12-31 | NT$16.95 | NT$12.20 | x |
| 2019-12-31 | NT$17.38 | NT$12.20 | x |
| 2020-12-31 | NT$19.55 | NT$12.20 | x |
| 2021-12-31 | NT$23.70 | NT$12.20 | x |
| 2022-12-31 | NT$22.82 | NT$12.20 | x |
| 2023-12-31 | NT$21.69 | NT$12.20 | x |
| 2024-12-31 | NT$19.40 | NT$12.20 | x |
| 2025-12-31 | NT$16.31 | NT$12.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently USI Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -36.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.50%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 3.61x
- Recent ROE (-36.58%) is below the historical average (5.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.19% | 0.29% | 0.31x | 2.09x | NT$-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 |
| 2025 | -36.58% | -14.50% | 0.70x | 3.61x | NT$-8.16 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: $53,952,208,444
- Average return on equity (ROE) among peers: 7.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| USI Corp (1304) | NT$35.02 Billion | 0.19% | 0.85x | $412.16 Million |
| Formosa Plastics Corp (1301) | $86.82 Billion | 14.85% | 0.95x | $12.51 Billion |
| Nan Ya Plastics Corp (1303) | $295.35 Billion | 8.56% | 0.78x | $55.97 Billion |
| China General Plastics Corp (1305) | $4.36 Billion | 0.00% | 1.49x | $225.17 Million |
| Asia Polymer Corp (1308) | $4.95 Billion | 7.44% | 0.14x | $261.89 Million |
| Taita Chemical Co Ltd (1309) | $3.91 Billion | 12.86% | 1.26x | $171.61 Million |
| China Petrochemical Development Corp (1314) | $76.32 Billion | -3.89% | 0.69x | $1.07 Billion |
| Ocean Plastics Co Ltd (1321) | $2.58 Billion | -10.23% | 0.69x | $224.58 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $2.63 Billion | 37.56% | 0.24x | $38.05 Million |
| Everlight Chemical Industrial Corp (1711) | $8.66 Billion | 0.99% | 0.49x | $677.35 Million |
About 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, medium and low-density polyethylene, high density polyethylene resin, and cyclic block copolymers; industrial and architectural paints and coatings; and optical pro… Read more