Union Bank of Taiwan
Union Bank of Taiwan provides various banking products and services. It operates through Corporate Banking Unit, Consumer Banking Unit, Wealth Management and Trust Unit, Investing Unit, and Leasing Unit segments. The company accepts deposit products, loans, remittances, acceptances, issuance of guarantees and letters of credit, short-term bills transactions, foreign exchange transactions, savings… Read more
Union Bank of Taiwan (2838) - Net Assets
Latest net assets as of September 2025: NT$84.56 Billion TWD
Based on the latest financial reports, Union Bank of Taiwan (2838) has net assets worth NT$84.56 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$1.05 Trillion) and total liabilities (NT$961.25 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$84.56 Billion |
| % of Total Assets | 8.09% |
| Annual Growth Rate | 6.72% |
| 5-Year Change | 32.0% |
| 10-Year Change | 126.04% |
| Growth Volatility | 9.05 |
Union Bank of Taiwan - Net Assets Trend (2000–2024)
This chart illustrates how Union Bank of Taiwan's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Union Bank of Taiwan (2000–2024)
The table below shows the annual net assets of Union Bank of Taiwan from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$79.45 Billion | +12.47% |
| 2023-12-31 | NT$70.64 Billion | +11.92% |
| 2022-12-31 | NT$63.12 Billion | -4.17% |
| 2021-12-31 | NT$65.87 Billion | +9.42% |
| 2020-12-31 | NT$60.19 Billion | +7.01% |
| 2019-12-31 | NT$56.25 Billion | +12.37% |
| 2018-12-31 | NT$50.06 Billion | +3.89% |
| 2017-12-31 | NT$48.19 Billion | +33.04% |
| 2016-12-31 | NT$36.22 Billion | +3.04% |
| 2015-12-31 | NT$35.15 Billion | +8.80% |
| 2014-12-31 | NT$32.31 Billion | +12.65% |
| 2013-12-31 | NT$28.68 Billion | +13.62% |
| 2012-12-31 | NT$25.24 Billion | +13.76% |
| 2011-12-31 | NT$22.19 Billion | +9.26% |
| 2010-12-31 | NT$20.31 Billion | +5.45% |
| 2009-12-31 | NT$19.26 Billion | +12.70% |
| 2008-12-31 | NT$17.09 Billion | -5.57% |
| 2007-12-31 | NT$18.10 Billion | -12.07% |
| 2006-12-31 | NT$20.58 Billion | +1.01% |
| 2005-12-31 | NT$20.38 Billion | +8.78% |
| 2004-12-31 | NT$18.73 Billion | +12.02% |
| 2003-12-31 | NT$16.72 Billion | +10.00% |
| 2002-12-31 | NT$15.20 Billion | -8.11% |
| 2001-12-31 | NT$16.54 Billion | -0.74% |
| 2000-12-31 | NT$16.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Union Bank of Taiwan'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 229.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$7.11 Billion | 9.20% |
| Common Stock | NT$40.50 Billion | 52.44% |
| Other Components | NT$29.63 Billion | 38.36% |
| Total Equity | NT$77.23 Billion | 100.00% |
Union Bank of Taiwan Competitors by Market Cap
The table below lists competitors of Union Bank of Taiwan ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Hi-Speed Road&Bridge
SHE:000498
|
$601.09 Million |
|
Emei Shan Tourism Co Ltd
SHE:000888
|
$601.20 Million |
|
Power HF Co Ltd
SHG:605100
|
$601.42 Million |
|
Sichuan Jiuyuan Yinhai Software Co Ltd
SHE:002777
|
$601.49 Million |
|
POSEIDA THERAP. DL-0001
F:2RZ
|
$600.99 Million |
|
Critical Metals Corp. Ordinary Shares
NASDAQ:CRML
|
$600.56 Million |
|
New York Mortgage Trust Inc
NASDAQ:NYMT
|
$600.27 Million |
|
ViTrox Corporation Bhd
KLSE:0097
|
$600.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Union Bank of Taiwan's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 68,433,952,000 to 77,234,816,000, a change of 8,800,864,000 (12.9%).
- Net income of 5,215,277,000 contributed positively to equity growth.
- Dividend payments of 1,267,635,000 reduced retained earnings.
- Other comprehensive income decreased equity by 14,895,454,000.
- Other factors increased equity by 19,748,676,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$5.22 Billion | +6.75% |
| Dividends Paid | NT$1.27 Billion | -1.64% |
| Other Comprehensive Income | NT$-14.90 Billion | -19.29% |
| Other Changes | NT$19.75 Billion | +25.57% |
| Total Change | NT$- | 12.86% |
Book Value vs Market Value Analysis
This analysis compares Union Bank of Taiwan'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: 1.12x
- 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 2.82x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | NT$7.08 | NT$19.95 | x |
| 2005-12-31 | NT$6.25 | NT$19.95 | x |
| 2006-12-31 | NT$5.33 | NT$19.95 | x |
| 2007-12-31 | NT$5.73 | NT$19.95 | x |
| 2008-12-31 | NT$5.41 | NT$19.95 | x |
| 2009-12-31 | NT$4.59 | NT$19.95 | x |
| 2010-12-31 | NT$5.05 | NT$19.95 | x |
| 2011-12-31 | NT$5.18 | NT$19.95 | x |
| 2012-12-31 | NT$5.89 | NT$19.95 | x |
| 2013-12-31 | NT$6.67 | NT$19.95 | x |
| 2014-12-31 | NT$7.50 | NT$19.95 | x |
| 2015-12-31 | NT$8.14 | NT$19.95 | x |
| 2016-12-31 | NT$8.39 | NT$19.95 | x |
| 2017-12-31 | NT$11.18 | NT$19.95 | x |
| 2018-12-31 | NT$11.60 | NT$19.95 | x |
| 2019-12-31 | NT$13.07 | NT$19.95 | x |
| 2020-12-31 | NT$13.96 | NT$19.95 | x |
| 2021-12-31 | NT$15.08 | NT$19.95 | x |
| 2022-12-31 | NT$14.12 | NT$19.95 | x |
| 2023-12-31 | NT$15.79 | NT$19.95 | x |
| 2024-12-31 | NT$17.79 | NT$19.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Union Bank of Taiwan utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.92%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 12.89x
- Recent ROE (6.75%) is above the historical average (3.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 2.54% | 3.79% | 0.06x | 11.42x | NT$-1.24 Billion |
| 2001 | 0.42% | 0.53% | 0.07x | 11.20x | NT$-1.58 Billion |
| 2003 | 7.90% | 11.02% | 0.06x | 12.23x | NT$-351.07 Million |
| 2004 | 8.54% | 11.36% | 0.06x | 13.16x | NT$-273.45 Million |
| 2005 | -18.86% | -19.26% | 0.05x | 19.72x | NT$-5.29 Billion |
| 2006 | 1.64% | 2.70% | 0.03x | 20.82x | NT$-1.56 Billion |
| 2007 | -27.31% | -32.19% | 0.04x | 19.81x | NT$-6.75 Billion |
| 2008 | -7.08% | -19.31% | 0.02x | 20.93x | NT$-2.92 Billion |
| 2009 | 1.46% | 3.61% | 0.02x | 20.55x | NT$-1.50 Billion |
| 2010 | 7.02% | 13.46% | 0.03x | 18.21x | NT$-599.02 Million |
| 2011 | 8.32% | 21.41% | 0.02x | 18.27x | NT$-369.85 Million |
| 2012 | 10.54% | 20.60% | 0.03x | 16.52x | NT$134.18 Million |
| 2013 | 10.09% | 27.68% | 0.02x | 15.49x | NT$25.56 Million |
| 2014 | 9.66% | 21.08% | 0.03x | 15.18x | NT$-110.02 Million |
| 2015 | 8.94% | 19.74% | 0.03x | 14.57x | NT$-368.11 Million |
| 2016 | 7.33% | 16.82% | 0.03x | 14.82x | NT$-958.56 Million |
| 2017 | 5.73% | 17.06% | 0.03x | 11.80x | NT$-2.05 Billion |
| 2018 | 5.94% | 17.39% | 0.03x | 13.00x | NT$-2.02 Billion |
| 2019 | 5.97% | 17.25% | 0.03x | 12.36x | NT$-2.27 Billion |
| 2020 | 5.72% | 18.58% | 0.02x | 12.59x | NT$-2.58 Billion |
| 2021 | 6.85% | 22.72% | 0.02x | 12.92x | NT$-2.05 Billion |
| 2022 | 5.80% | 16.05% | 0.03x | 13.84x | NT$-2.57 Billion |
| 2023 | 6.31% | 14.71% | 0.03x | 13.72x | NT$-2.53 Billion |
| 2024 | 6.75% | 15.92% | 0.03x | 12.89x | NT$-2.51 Billion |
Industry Comparison
This section compares Union Bank of Taiwan's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $100,613,838,556
- Average return on equity (ROE) among peers: 5.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Union Bank of Taiwan (2838) | NT$84.56 Billion | 2.54% | 11.37x | $600.99 Million |
| China Man-Made Fiber Corp (1718) | $50.92 Billion | -0.40% | 11.87x | $221.62 Million |
| Chang Hwa Commercial Bank Ltd (2801) | $188.00 Billion | 6.91% | 14.43x | $5.10 Billion |
| King’s Town Bank (2809) | $54.63 Billion | 9.20% | 6.19x | $1.04 Billion |
| Taichung Commercial Bank Co Ltd (2812) | $39.95 Billion | 8.70% | 13.41x | $2.51 Billion |
| Taiwan Business Bank (2834) | $39.41 Billion | 2.03% | 25.90x | $3.22 Billion |
| Bank of Kaohsiung Ltd (2836) | $10.74 Billion | 3.90% | 20.83x | $258.57 Million |
| Far Eastern International Bank (2845) | $328.07 Billion | -0.24% | 0.10x | $1.50 Billion |
| EnTie Commercial Bank Ltd (2849) | $34.84 Billion | 6.67% | 8.56x | $150.36 Million |
| Hua Nan Financial Holdings Co Ltd (2880) | $158.98 Billion | 8.86% | 15.01x | $10.28 Billion |