U-Ming Marine Transport Corp Net Assets
U-Ming Marine Transport Corp net assets. Based on the latest financial reports, U-Ming Marine Transport Corp (2606) has net assets worth NT$40.32 Billion TWD (≈ $1.27 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 (NT$91.35 Billion ≈ $2.88 Billion USD) and total liabilities (NT$51.03 Billion ≈ $1.61 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. Also explore U-Ming Marine Transport Corp (2606) net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$40.32 Billion |
| % of Total Assets | 44.13% |
| Annual Growth Rate | 5.99% |
| 5-Year Change | 50.35% |
| 10-Year Change | 58.36% |
| Growth Volatility | 13.88 |
Net Assets of U-Ming Marine Transport Corp (2000–2025)
Net assets of U-Ming Marine Transport Corp from 2000 to 2025. This chart illustrates how U-Ming Marine Transport Corp's net assets have evolved over time, based on quarterly financial data. See U-Ming Marine Transport Corp (2606) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for U-Ming Marine Transport Corp (2000–2025)
The table below shows the annual net assets of U-Ming Marine Transport Corp from 2000 to 2025. For live market cap and overall valuation, see market cap of U-Ming Marine Transport Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$38.88 Billion ≈ $1.22 Billion |
-3.91% |
| 2024-12-31 | NT$40.46 Billion ≈ $1.27 Billion |
+19.62% |
| 2023-12-31 | NT$33.82 Billion ≈ $1.07 Billion |
+2.80% |
| 2022-12-31 | NT$32.90 Billion ≈ $1.04 Billion |
+27.23% |
| 2021-12-31 | NT$25.86 Billion ≈ $814.69 Million |
+11.58% |
| 2020-12-31 | NT$23.18 Billion ≈ $730.16 Million |
-13.67% |
| 2019-12-31 | NT$26.84 Billion ≈ $845.75 Million |
+4.76% |
| 2018-12-31 | NT$25.63 Billion ≈ $807.34 Million |
+17.33% |
| 2017-12-31 | NT$21.84 Billion ≈ $688.09 Million |
-11.04% |
| 2016-12-31 | NT$24.55 Billion ≈ $773.47 Million |
-11.01% |
| 2015-12-31 | NT$27.59 Billion ≈ $869.14 Million |
-2.49% |
| 2014-12-31 | NT$28.29 Billion ≈ $891.34 Million |
+10.94% |
| 2013-12-31 | NT$25.50 Billion ≈ $803.45 Million |
+4.35% |
| 2012-12-31 | NT$24.44 Billion ≈ $769.95 Million |
-8.98% |
| 2011-12-31 | NT$26.85 Billion ≈ $845.89 Million |
-3.07% |
| 2010-12-31 | NT$27.70 Billion ≈ $872.70 Million |
-1.71% |
| 2009-12-31 | NT$28.18 Billion ≈ $887.91 Million |
+5.20% |
| 2008-12-31 | NT$26.79 Billion ≈ $844.05 Million |
+8.01% |
| 2007-12-31 | NT$24.80 Billion ≈ $781.46 Million |
+21.46% |
| 2006-12-31 | NT$20.42 Billion ≈ $643.39 Million |
+6.31% |
| 2005-12-31 | NT$19.21 Billion ≈ $605.18 Million |
+23.49% |
| 2004-12-31 | NT$15.55 Billion ≈ $490.06 Million |
+44.56% |
| 2003-12-31 | NT$10.76 Billion ≈ $339.00 Million |
+23.96% |
| 2002-12-31 | NT$8.68 Billion ≈ $273.48 Million |
-1.84% |
| 2001-12-31 | NT$8.84 Billion ≈ $278.61 Million |
-2.62% |
| 2000-12-31 | NT$9.08 Billion ≈ $286.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to U-Ming Marine Transport 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 2208.8% over the analyzed period, indicating profitable operations and earnings retention.
U-Ming Marine Transport Corp Net Assets Breakdown (December 2025)
U-Ming Marine Transport Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$17.65 Billion | 45.40% |
| Common Stock | NT$8.45 Billion | 21.74% |
| Other Comprehensive Income | NT$12.76 Billion | 32.82% |
| Other Components | NT$16.09 Million | 0.04% |
| Total Equity | NT$38.88 Billion | 100.00% |
U-Ming Marine Transport Corp Competitors by Market Cap
The table below lists competitors of U-Ming Marine Transport Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blackstone Mortgage Trust Inc
NYSE:BXMT
|
$1.87 Billion |
|
Guangdong Topstar Technology Co Ltd
SHE:300607
|
$1.87 Billion |
|
Stolt-Nielsen Limited
OL:SNI
|
$1.87 Billion |
|
Huaxia Eye Hospital Group Co. Ltd. A
SHE:301267
|
$1.87 Billion |
|
Cosmo Electronics Corp
TW:2466
|
$1.87 Billion |
|
Zhongfu Straits Pingtan Development Co Ltd
SHE:000592
|
$1.87 Billion |
|
Gansu Shangfeng Cement Co Ltd
SHE:000672
|
$1.87 Billion |
|
Himax Technologies Inc
NASDAQ:HIMX
|
$1.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in U-Ming Marine Transport Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 40,460,800,000 to 38,879,345,000, a change of -1,581,455,000 (-3.9%).
- Net income of 3,640,394,000 contributed positively to equity growth.
- Dividend payments of 2,704,202,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,978,413,000.
- Other factors decreased equity by 539,234,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$3.64 Billion | +9.36% |
| Dividends Paid | NT$2.70 Billion | -6.96% |
| Other Comprehensive Income | NT$-1.98 Billion | -5.09% |
| Other Changes | NT$-539.23 Million | -1.39% |
| Total Change | NT$- | -3.91% |
Book Value vs Market Value Analysis
This analysis compares U-Ming Marine Transport 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: 1.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.95x to 1.53x 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$23.80 | NT$70.20 | x |
| 2007-12-31 | NT$28.91 | NT$70.20 | x |
| 2008-12-31 | NT$31.17 | NT$70.20 | x |
| 2009-12-31 | NT$32.81 | NT$70.20 | x |
| 2010-12-31 | NT$32.25 | NT$70.20 | x |
| 2011-12-31 | NT$31.26 | NT$70.20 | x |
| 2012-12-31 | NT$28.46 | NT$70.20 | x |
| 2013-12-31 | NT$29.70 | NT$70.20 | x |
| 2014-12-31 | NT$32.95 | NT$70.20 | x |
| 2015-12-31 | NT$32.24 | NT$70.20 | x |
| 2016-12-31 | NT$29.05 | NT$70.20 | x |
| 2017-12-31 | NT$25.84 | NT$70.20 | x |
| 2018-12-31 | NT$30.30 | NT$70.20 | x |
| 2019-12-31 | NT$31.74 | NT$70.20 | x |
| 2020-12-31 | NT$27.41 | NT$70.20 | x |
| 2021-12-31 | NT$30.57 | NT$70.20 | x |
| 2022-12-31 | NT$38.65 | NT$70.20 | x |
| 2023-12-31 | NT$39.85 | NT$70.20 | x |
| 2024-12-31 | NT$47.83 | NT$70.20 | x |
| 2025-12-31 | NT$46.03 | NT$70.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently U-Ming Marine Transport Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.36%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.39%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.25x
- Recent ROE (9.36%) is below the historical average (14.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 9.20% | 14.74% | 0.26x | 2.44x | NT$-72.75 Million |
| 2001 | 5.83% | 9.40% | 0.30x | 2.10x | NT$-368.93 Million |
| 2002 | 2.61% | 4.71% | 0.26x | 2.11x | NT$-641.20 Million |
| 2003 | 21.37% | 30.53% | 0.40x | 1.74x | NT$1.22 Billion |
| 2004 | 43.99% | 53.54% | 0.59x | 1.40x | NT$5.29 Billion |
| 2005 | 31.32% | 53.07% | 0.45x | 1.30x | NT$4.10 Billion |
| 2006 | 23.68% | 50.62% | 0.35x | 1.35x | NT$2.79 Billion |
| 2007 | 36.49% | 60.50% | 0.41x | 1.46x | NT$6.57 Billion |
| 2008 | 38.96% | 57.43% | 0.44x | 1.52x | NT$7.76 Billion |
| 2009 | 20.10% | 45.03% | 0.27x | 1.64x | NT$2.85 Billion |
| 2010 | 24.09% | 58.69% | 0.24x | 1.68x | NT$3.90 Billion |
| 2011 | 10.16% | 31.42% | 0.19x | 1.75x | NT$43.44 Million |
| 2012 | 7.38% | 22.66% | 0.17x | 1.92x | NT$-639.61 Million |
| 2013 | 6.14% | 21.15% | 0.14x | 2.02x | NT$-983.28 Million |
| 2014 | 7.36% | 22.79% | 0.14x | 2.24x | NT$-746.04 Million |
| 2015 | 2.99% | 10.40% | 0.12x | 2.31x | NT$-1.93 Billion |
| 2016 | -3.58% | -13.48% | 0.11x | 2.37x | NT$-3.33 Billion |
| 2017 | 4.58% | 11.76% | 0.16x | 2.47x | NT$-1.18 Billion |
| 2018 | 6.51% | 14.48% | 0.18x | 2.47x | NT$-893.71 Million |
| 2019 | 6.04% | 16.11% | 0.16x | 2.32x | NT$-1.06 Billion |
| 2020 | 3.79% | 10.33% | 0.14x | 2.62x | NT$-1.44 Billion |
| 2021 | 18.92% | 34.92% | 0.22x | 2.41x | NT$2.31 Billion |
| 2022 | 13.47% | 31.08% | 0.19x | 2.34x | NT$1.13 Billion |
| 2023 | 8.13% | 19.05% | 0.18x | 2.39x | NT$-630.88 Million |
| 2024 | 11.57% | 28.65% | 0.19x | 2.18x | NT$635.39 Million |
| 2025 | 9.36% | 23.39% | 0.18x | 2.25x | NT$-247.54 Million |
Industry Comparison
This section compares U-Ming Marine Transport Corp's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $85,986,192,024
- Average return on equity (ROE) among peers: 19.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| U-Ming Marine Transport Corp (2606) | NT$40.32 Billion | 9.20% | 1.27x | $1.87 Billion |
| Evergreen Marine Corp Taiwan Ltd (2603) | $357.32 Billion | 66.89% | 0.71x | $18.18 Billion |
| Sincere Navigation Corp (2605) | $16.09 Billion | 10.10% | 0.80x | $619.65 Million |
| Yang Ming Marine Transport Corp (2609) | $341.31 Billion | 18.80% | 0.42x | $6.83 Billion |
| Tze Shin International Co Ltd (2611) | $2.50 Billion | 8.12% | 1.60x | $92.00 Million |
| China Container Terminal Corp (2613) | $3.31 Billion | 4.74% | 2.08x | $91.91 Million |
| Wan Hai Lines Ltd (2615) | $44.17 Billion | 25.62% | 1.46x | $10.21 Billion |
| Taiwan Navigation Co Ltd (2617) | $7.41 Billion | 20.81% | 0.55x | $399.01 Million |
| Wisdom Marine Lines Co Ltd (2637) | $436.35 Million | 16.28% | 3.45x | $2.30 Billion |
| Franbo Lines (2641) | $1.32 Billion | 4.00% | 1.46x | $167.55 Million |
About U-Ming Marine Transport Corp
U-Ming Marine Transport Corporation, together with its subsidiaries, engages in the marine transportation and investment businesses worldwide. The company owns and operates ships that carry various commodities, such as cement, crude oil, iron ore, coal, and grain shipments. It operates 73 vessels with a total deadweight of 8.8 million tons. The company was formerly known as Yue Ming Transportatio… Read more