Universal Microwave Technology
Universal Microwave Technology, Inc. manufactures and sells electronic components in Taiwan, China, Asia, Europe, the United States, and Oceania. The company operates through Microwave/Millimeter Wave Products; Radio Frequency Products; and Communication Network Engineering Services. Its products include diplexers and multiplexers, filters, couplers, OMT products, passive components, antennas, ra… Read more
Universal Microwave Technology (3491) - Net Assets
Latest net assets as of September 2025: NT$2.72 Billion TWD
Based on the latest financial reports, Universal Microwave Technology (3491) has net assets worth NT$2.72 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$4.09 Billion) and total liabilities (NT$1.37 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$2.72 Billion |
| % of Total Assets | 66.43% |
| Annual Growth Rate | 4.61% |
| 5-Year Change | 8.74% |
| 10-Year Change | N/A |
| Growth Volatility | 7.07 |
Universal Microwave Technology - Net Assets Trend (2017–2024)
This chart illustrates how Universal Microwave Technology's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Universal Microwave Technology (2017–2024)
The table below shows the annual net assets of Universal Microwave Technology from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$2.51 Billion | +2.01% |
| 2023-12-31 | NT$2.46 Billion | +3.18% |
| 2022-12-31 | NT$2.39 Billion | +0.31% |
| 2021-12-31 | NT$2.38 Billion | +2.99% |
| 2020-12-31 | NT$2.31 Billion | -1.88% |
| 2019-12-31 | NT$2.35 Billion | +5.98% |
| 2018-12-31 | NT$2.22 Billion | +21.23% |
| 2017-12-31 | NT$1.83 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Universal Microwave Technology'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 21.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$278.07 Million | 11.35% |
| Other Components | NT$2.17 Billion | 88.65% |
| Total Equity | NT$2.45 Billion | 100.00% |
Universal Microwave Technology Competitors by Market Cap
The table below lists competitors of Universal Microwave Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Senior Technology Material Co Ltd
SHE:300568
|
$2.28 Billion |
|
First Merchants Corporation
NASDAQ:FRME
|
$2.28 Billion |
|
China National Building Material Company Limited
F:D1Y
|
$2.28 Billion |
|
Foot Locker Inc
NYSE:FL
|
$2.28 Billion |
|
Beam Therapeutics Inc
NASDAQ:BEAM
|
$2.27 Billion |
|
Zhongyuan Bank Co., Ltd.
PINK:ZNNGY
|
$2.27 Billion |
|
Seadrill Limited
NYSE:SDRL
|
$2.27 Billion |
|
Hanesbrands Inc
NYSE:HBI
|
$2.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Universal Microwave Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,058,305,000 to 2,449,204,000, a change of 390,899,000 (19.0%).
- Net income of 546,871,000 contributed positively to equity growth.
- Dividend payments of 213,874,000 reduced retained earnings.
- New share issuances of 62,019,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$546.87 Million | +22.33% |
| Dividends Paid | NT$213.87 Million | -8.73% |
| Share Issuances | NT$62.02 Million | +2.53% |
| Other Changes | NT$-4.12 Million | -0.17% |
| Total Change | NT$- | 18.99% |
Book Value vs Market Value Analysis
This analysis compares Universal Microwave Technology'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: 34.16x
- 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 48.15x to 34.16x 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$27.21 | NT$1310.00 | x |
| 2018-12-31 | NT$30.88 | NT$1310.00 | x |
| 2019-12-31 | NT$32.31 | NT$1310.00 | x |
| 2020-12-31 | NT$31.08 | NT$1310.00 | x |
| 2021-12-31 | NT$31.98 | NT$1310.00 | x |
| 2022-12-31 | NT$30.71 | NT$1310.00 | x |
| 2023-12-31 | NT$32.05 | NT$1310.00 | x |
| 2024-12-31 | NT$38.35 | NT$1310.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Universal Microwave Technology 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): 22.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.42%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.75x
- Recent ROE (22.33%) is above the historical average (12.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 12.46% | 12.56% | 0.58x | 1.70x | NT$36.72 Million |
| 2018 | 11.91% | 12.57% | 0.64x | 1.48x | NT$35.45 Million |
| 2019 | 12.75% | 14.26% | 0.60x | 1.49x | NT$53.94 Million |
| 2020 | 6.47% | 8.38% | 0.46x | 1.66x | NT$-67.89 Million |
| 2021 | 11.88% | 13.46% | 0.50x | 1.77x | NT$37.43 Million |
| 2022 | 13.77% | 14.75% | 0.53x | 1.75x | NT$74.18 Million |
| 2023 | 9.72% | 12.62% | 0.47x | 1.65x | NT$-5.72 Million |
| 2024 | 22.33% | 23.42% | 0.55x | 1.75x | NT$301.95 Million |
Industry Comparison
This section compares Universal Microwave Technology's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $4,087,269,200
- Average return on equity (ROE) among peers: -4.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Universal Microwave Technology (3491) | NT$2.72 Billion | 12.46% | 0.51x | $2.27 Billion |
| Microelectronics Technology Inc (2314) | $2.46 Billion | -37.09% | 1.51x | $36.51 Million |
| Tecom Co Ltd (2321) | $530.15 Million | -16.22% | 4.00x | $4.22 Million |
| D-Link Corp (2332) | $13.60 Billion | 4.76% | 0.80x | $217.00 Million |
| Accton Technology Corp (2345) | $6.43 Billion | -9.64% | 0.97x | $22.08 Billion |
| Hitron Technologies Inc (2419) | $1.72 Billion | 0.29% | 1.37x | $106.12 Million |
| Abocom Systems Inc (2444) | $1.08 Billion | 1.09% | 1.04x | $38.22 Million |
| Zinwell Corporation (2485) | $6.81 Billion | 0.46% | 0.24x | $175.23 Million |
| Loop Telecommunication International Inc (3025) | $665.75 Million | 0.00% | 0.74x | $77.34 Million |
| Edimax Technology Co Ltd (3047) | $2.57 Billion | 5.51% | 0.79x | $96.92 Million |
| CyberTAN Technology Inc (3062) | $5.01 Billion | 1.39% | 0.48x | $227.43 Million |