Union Bank of Taiwan Pref (2838A) - Net Assets
Based on the latest financial reports, Union Bank of Taiwan Pref (2838A) has net assets worth NT$84.56 Billion TWD (≈ $2.66 Billion USD) 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 ≈ $32.95 Billion USD) and total liabilities (NT$961.25 Billion ≈ $30.28 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. Read 2838A total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$84.56 Billion |
| % of Total Assets | 8.09% |
| Annual Growth Rate | 7.4% |
| 5-Year Change | 32.0% |
| 10-Year Change | N/A |
| Growth Volatility | 5.62 |
Union Bank of Taiwan Pref - Net Assets Trend (2017–2024)
This chart illustrates how Union Bank of Taiwan Pref's net assets have evolved over time, based on quarterly financial data. Also explore Union Bank of Taiwan Pref (2838A) total assets for the complete picture of this company's asset base.
Annual Net Assets for Union Bank of Taiwan Pref (2017–2024)
The table below shows the annual net assets of Union Bank of Taiwan Pref from 2017 to 2024. For live valuation and market cap data, see Union Bank of Taiwan Pref market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$79.45 Billion ≈ $2.50 Billion |
+12.47% |
| 2023-12-31 | NT$70.64 Billion ≈ $2.23 Billion |
+11.92% |
| 2022-12-31 | NT$63.12 Billion ≈ $1.99 Billion |
-4.17% |
| 2021-12-31 | NT$65.87 Billion ≈ $2.08 Billion |
+9.42% |
| 2020-12-31 | NT$60.19 Billion ≈ $1.90 Billion |
+7.01% |
| 2019-12-31 | NT$56.25 Billion ≈ $1.77 Billion |
+12.37% |
| 2018-12-31 | NT$50.06 Billion ≈ $1.58 Billion |
+3.89% |
| 2017-12-31 | NT$48.19 Billion ≈ $1.52 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Union Bank of Taiwan Pref'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 decreased by 30.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$7.11 Billion | 9.20% |
| Other Components | NT$70.13 Billion | 90.80% |
| Total Equity | NT$77.23 Billion | 100.00% |
Union Bank of Taiwan Pref Competitors by Market Cap
The table below lists competitors of Union Bank of Taiwan Pref ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Budimex S.A.
WAR:BDX
|
$4.64 Billion |
|
Brookfield Infrastructure Corp
NYSE:BIPC
|
$4.64 Billion |
|
Spirit Aerosystems Holdings Inc
NYSE:SPR
|
$4.64 Billion |
|
Jiangxi Zhengbang Technology Co Ltd
SHE:002157
|
$4.64 Billion |
|
Algonquin Power & Utilities Corp
TO:AQN
|
$4.63 Billion |
|
Haci Omer Sabanci Holding AS
IS:SAHOL
|
$4.63 Billion |
|
Dottikon Es Holding AG
SW:DESN
|
$4.63 Billion |
|
Wacker Chemie AG
XETRA:WCH
|
$4.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Union Bank of Taiwan Pref'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 factors increased equity by 4,853,222,000.
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 Changes | NT$4.85 Billion | +6.28% |
| Total Change | NT$- | 12.86% |
Book Value vs Market Value Analysis
This analysis compares Union Bank of Taiwan Pref'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: 3.07x
- 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 3.73x to 3.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$14.67 | NT$54.70 | x |
| 2018-12-31 | NT$15.21 | NT$54.70 | x |
| 2019-12-31 | NT$17.14 | NT$54.70 | x |
| 2020-12-31 | NT$18.30 | NT$54.70 | x |
| 2021-12-31 | NT$19.77 | NT$54.70 | x |
| 2022-12-31 | NT$16.99 | NT$54.70 | x |
| 2023-12-31 | NT$15.82 | NT$54.70 | x |
| 2024-12-31 | NT$17.82 | NT$54.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Union Bank of Taiwan Pref utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.69%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 12.89x
- Recent ROE (6.75%) is above the historical average (6.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 5.73% | 22.12% | 0.02x | 11.80x | NT$-2.05 Billion |
| 2018 | 5.94% | 23.25% | 0.02x | 13.00x | NT$-2.02 Billion |
| 2019 | 5.97% | 24.22% | 0.02x | 12.36x | NT$-2.27 Billion |
| 2020 | 5.72% | 23.98% | 0.02x | 12.59x | NT$-2.58 Billion |
| 2021 | 6.85% | 26.49% | 0.02x | 12.92x | NT$-2.05 Billion |
| 2022 | 5.80% | 20.90% | 0.02x | 13.84x | NT$-2.57 Billion |
| 2023 | 6.31% | 24.35% | 0.02x | 13.72x | NT$-2.53 Billion |
| 2024 | 6.75% | 27.69% | 0.02x | 12.89x | NT$-2.51 Billion |
Industry Comparison
This section compares Union Bank of Taiwan Pref's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $48,072,192,778
- Average return on equity (ROE) among peers: 6.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Union Bank of Taiwan Pref (2838A) | NT$84.56 Billion | 5.73% | 11.37x | $4.64 Billion |
| China Man-Made Fiber Corp (1718) | $58.28 Billion | 2.35% | 11.37x | $267.97 Million |
| Chang Hwa Commercial Bank Ltd (2801) | $137.52 Billion | 8.79% | 13.58x | $7.77 Billion |
| King’s Town Bank (2809) | $24.31 Billion | 17.04% | 7.80x | $1.98 Billion |
| Taichung Commercial Bank Co Ltd (2812) | $76.51 Billion | 8.92% | 10.47x | $3.75 Billion |
| Taiwan Business Bank (2834) | $40.03 Billion | 2.62% | 26.54x | $4.98 Billion |
| Bank of Kaohsiung Ltd (2836) | $10.40 Billion | 3.76% | 13.75x | $669.72 Million |
| Union Bank of Taiwan (2838) | $20.31 Billion | 6.94% | 17.01x | $2.81 Billion |
| Far Eastern International Bank (2845) | $49.70 Billion | 5.91% | 13.55x | $1.87 Billion |
| EnTie Commercial Bank Ltd (2849) | $15.58 Billion | 0.56% | 11.22x | $869.62 Million |
About Union Bank of Taiwan Pref
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