United Microelectronics Corporation (2303) - Net Assets
Based on the latest financial reports, United Microelectronics Corporation (2303) has net assets worth NT$406.74 Billion TWD (≈ $12.81 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$599.93 Billion ≈ $18.90 Billion USD) and total liabilities (NT$193.20 Billion ≈ $6.09 Billion 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 tangible net worth ratio of United Microelectronics Corporation to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$406.74 Billion |
| % of Total Assets | 67.8% |
| Annual Growth Rate | 4.78% |
| 5-Year Change | 45.76% |
| 10-Year Change | 76.16% |
| Growth Volatility | 19.16 |
United Microelectronics Corporation - Net Assets Trend (1999–2025)
This chart illustrates how United Microelectronics Corporation's net assets have evolved over time, based on quarterly financial data. See how many days can United Microelectronics Corporation fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for United Microelectronics Corporation (1999–2025)
The table below shows the annual net assets of United Microelectronics Corporation from 1999 to 2025. For live valuation and market cap data, see market value of United Microelectronics Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$385.34 Billion ≈ $12.14 Billion |
+5.37% |
| 2024-12-31 | NT$365.71 Billion ≈ $11.52 Billion |
+1.19% |
| 2023-12-31 | NT$361.41 Billion ≈ $11.39 Billion |
+11.96% |
| 2022-12-31 | NT$322.81 Billion ≈ $10.17 Billion |
+22.10% |
| 2021-12-31 | NT$264.38 Billion ≈ $8.33 Billion |
+12.13% |
| 2020-12-31 | NT$235.77 Billion ≈ $7.43 Billion |
+13.78% |
| 2019-12-31 | NT$207.21 Billion ≈ $6.53 Billion |
+0.33% |
| 2018-12-31 | NT$206.54 Billion ≈ $6.51 Billion |
-3.50% |
| 2017-12-31 | NT$214.04 Billion ≈ $6.74 Billion |
-2.15% |
| 2016-12-31 | NT$218.74 Billion ≈ $6.89 Billion |
-4.40% |
| 2015-12-31 | NT$228.82 Billion ≈ $7.21 Billion |
+1.69% |
| 2014-12-31 | NT$225.01 Billion ≈ $7.09 Billion |
+5.92% |
| 2013-12-31 | NT$212.44 Billion ≈ $6.69 Billion |
+3.62% |
| 2012-12-31 | NT$205.02 Billion ≈ $6.46 Billion |
-3.35% |
| 2011-12-31 | NT$212.12 Billion ≈ $6.68 Billion |
-5.78% |
| 2010-12-31 | NT$225.14 Billion ≈ $7.09 Billion |
+5.16% |
| 2009-12-31 | NT$214.10 Billion ≈ $6.75 Billion |
+11.60% |
| 2008-12-31 | NT$191.84 Billion ≈ $6.04 Billion |
-21.06% |
| 2007-12-31 | NT$243.01 Billion ≈ $7.66 Billion |
-18.28% |
| 2006-12-31 | NT$297.36 Billion ≈ $9.37 Billion |
+12.08% |
| 2005-12-31 | NT$265.31 Billion ≈ $8.36 Billion |
-3.71% |
| 2004-12-31 | NT$275.54 Billion ≈ $8.68 Billion |
+11.60% |
| 2003-12-31 | NT$246.89 Billion ≈ $7.78 Billion |
+5.51% |
| 2002-12-31 | NT$234.00 Billion ≈ $7.37 Billion |
+2.22% |
| 2001-12-31 | NT$228.92 Billion ≈ $7.21 Billion |
+5.22% |
| 2000-12-31 | NT$217.56 Billion ≈ $6.85 Billion |
+89.95% |
| 1999-12-31 | NT$114.53 Billion ≈ $3.61 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to United Microelectronics Corporation'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 1120.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$195.09 Billion | 51.37% |
| Common Stock | NT$125.88 Billion | 33.15% |
| Other Comprehensive Income | NT$51.18 Billion | 13.48% |
| Other Components | NT$7.61 Billion | 2.00% |
| Total Equity | NT$379.77 Billion | 100.00% |
United Microelectronics Corporation Competitors by Market Cap
The table below lists competitors of United Microelectronics Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alimentation Couchen Tard Inc A
TO:ATD
|
$55.54 Billion |
|
Hindustan Unilever Limited
NSE:HINDUNILVR
|
$55.84 Billion |
|
BANK O.CHINA H ADR/25 YC1
F:W8VS
|
$55.92 Billion |
|
Imperial Oil Ltd
TO:IMO
|
$56.37 Billion |
|
Larsen & Toubro Limited
F:LTO
|
$55.44 Billion |
|
JAPAN TOBACCO UNSP.ADR1/2
F:JATA
|
$55.39 Billion |
|
Nordea Bank Abp
HE:NDA-FI
|
$55.32 Billion |
|
Industrial Bank Co Ltd
SHG:601166
|
$55.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Microelectronics Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 365,450,098,000 to 379,768,000,000, a change of 14,317,902,000 (3.9%).
- Net income of 41,717,000,000 contributed positively to equity growth.
- Dividend payments of 35,784,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 4,847,897,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$41.72 Billion | +10.98% |
| Dividends Paid | NT$35.78 Billion | -9.42% |
| Other Comprehensive Income | NT$4.85 Billion | +1.28% |
| Other Changes | NT$3.54 Billion | +0.93% |
| Total Change | NT$- | 3.92% |
Book Value vs Market Value Analysis
This analysis compares United Microelectronics Corporation'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: 4.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 17.07x to 4.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | NT$8.20 | NT$140.00 | x |
| 2000-12-31 | NT$16.07 | NT$140.00 | x |
| 2001-12-31 | NT$15.84 | NT$140.00 | x |
| 2002-12-31 | NT$15.99 | NT$140.00 | x |
| 2003-12-31 | NT$16.89 | NT$140.00 | x |
| 2004-12-31 | NT$19.23 | NT$140.00 | x |
| 2005-12-31 | NT$19.01 | NT$140.00 | x |
| 2006-12-31 | NT$21.39 | NT$140.00 | x |
| 2007-12-31 | NT$14.08 | NT$140.00 | x |
| 2008-12-31 | NT$14.04 | NT$140.00 | x |
| 2009-12-31 | NT$16.71 | NT$140.00 | x |
| 2010-12-31 | NT$17.18 | NT$140.00 | x |
| 2011-12-31 | NT$15.69 | NT$140.00 | x |
| 2012-12-31 | NT$15.23 | NT$140.00 | x |
| 2013-12-31 | NT$15.83 | NT$140.00 | x |
| 2014-12-31 | NT$17.39 | NT$140.00 | x |
| 2015-12-31 | NT$17.22 | NT$140.00 | x |
| 2016-12-31 | NT$16.22 | NT$140.00 | x |
| 2017-12-31 | NT$16.05 | NT$140.00 | x |
| 2018-12-31 | NT$15.53 | NT$140.00 | x |
| 2019-12-31 | NT$15.70 | NT$140.00 | x |
| 2020-12-31 | NT$18.89 | NT$140.00 | x |
| 2021-12-31 | NT$21.20 | NT$140.00 | x |
| 2022-12-31 | NT$25.39 | NT$140.00 | x |
| 2023-12-31 | NT$29.01 | NT$140.00 | x |
| 2024-12-31 | NT$29.55 | NT$140.00 | x |
| 2025-12-31 | NT$30.19 | NT$140.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Microelectronics Corporation 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): 10.98%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.56%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.52x
- Recent ROE (10.98%) is above the historical average (7.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 10.23% | 31.12% | 0.23x | 1.45x | NT$240.15 Million |
| 2000 | 24.37% | 43.92% | 0.39x | 1.43x | NT$29.94 Billion |
| 2001 | -1.48% | -4.52% | 0.22x | 1.50x | NT$-24.49 Billion |
| 2002 | 3.25% | 9.38% | 0.23x | 1.50x | NT$-14.71 Billion |
| 2003 | 6.04% | 14.65% | 0.27x | 1.53x | NT$-9.19 Billion |
| 2004 | 11.95% | 24.65% | 0.34x | 1.41x | NT$5.21 Billion |
| 2005 | 2.72% | 7.00% | 0.29x | 1.34x | NT$-18.85 Billion |
| 2006 | 11.20% | 29.12% | 0.30x | 1.26x | NT$3.50 Billion |
| 2007 | 7.17% | 14.97% | 0.38x | 1.27x | NT$-6.69 Billion |
| 2008 | -12.09% | -23.05% | 0.45x | 1.17x | NT$-40.83 Billion |
| 2009 | 1.81% | 4.24% | 0.36x | 1.19x | NT$-17.49 Billion |
| 2010 | 10.90% | 18.90% | 0.45x | 1.28x | NT$1.97 Billion |
| 2011 | 5.11% | 9.09% | 0.42x | 1.35x | NT$-10.16 Billion |
| 2012 | 3.86% | 6.76% | 0.41x | 1.39x | NT$-12.43 Billion |
| 2013 | 6.07% | 10.20% | 0.42x | 1.42x | NT$-8.18 Billion |
| 2014 | 5.49% | 8.67% | 0.45x | 1.42x | NT$-9.97 Billion |
| 2015 | 5.93% | 9.29% | 0.43x | 1.49x | NT$-9.23 Billion |
| 2016 | 3.84% | 5.62% | 0.38x | 1.79x | NT$-13.34 Billion |
| 2017 | 4.52% | 6.45% | 0.38x | 1.85x | NT$-11.68 Billion |
| 2018 | 3.43% | 4.68% | 0.41x | 1.77x | NT$-13.53 Billion |
| 2019 | 2.96% | 4.14% | 0.40x | 1.79x | NT$-14.55 Billion |
| 2020 | 9.70% | 12.93% | 0.47x | 1.60x | NT$-705.23 Million |
| 2021 | 19.40% | 24.06% | 0.47x | 1.71x | NT$24.83 Billion |
| 2022 | 27.75% | 32.11% | 0.53x | 1.63x | NT$57.23 Billion |
| 2023 | 16.98% | 27.41% | 0.40x | 1.56x | NT$25.07 Billion |
| 2024 | 12.92% | 20.32% | 0.41x | 1.53x | NT$10.67 Billion |
| 2025 | 10.98% | 17.56% | 0.41x | 1.52x | NT$3.74 Billion |
Industry Comparison
This section compares United Microelectronics Corporation's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $78,748,280,556
- Average return on equity (ROE) among peers: -6.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Microelectronics Corporation (2303) | NT$406.74 Billion | 10.23% | 0.47x | $55.44 Billion |
| Polylite Taiwan Co Ltd (1813) | $1.02 Billion | 9.68% | 0.11x | $17.41 Million |
| Orient Semiconductor Electronics Ltd (2329) | $4.44 Billion | -3.97% | 3.02x | $1.13 Billion |
| Taiwan Semiconductor Manufacturing Co. Ltd. (2330) | $578.70 Billion | 27.93% | 0.24x | $1.95 Trillion |
| Macronix International Co Ltd (2337) | $18.43 Billion | -22.72% | 1.04x | $9.43 Billion |
| Optotech Corp (2340) | $6.01 Billion | 5.81% | 0.81x | $531.12 Million |
| Mosel Vitelic Inc (2342) | $31.49 Billion | 0.00% | 1.13x | $249.14 Million |
| Winbond Electronics Corp (2344) | $34.42 Billion | -25.03% | 0.96x | $28.21 Billion |
| Silicon Integrated Systems Corp (2363) | $9.58 Billion | -65.65% | 0.06x | $957.27 Million |
| Realtek Semiconductor Corp (2379) | $24.65 Billion | 17.65% | 1.36x | $12.04 Billion |
About United Microelectronics Corporation
United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. It manufactures and sells integrated circuits. The company offers circuit design; mask tooling; wafer fabrication; and assembly and testing services for communication devices, consumer electronics, computer, and other applications… Read more