Universal Microwave Technology (3491) - Net Assets
Based on the latest financial reports, Universal Microwave Technology (3491) has net assets worth NT$3.62 Billion TWD (≈ $113.97 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.20 Billion ≈ $163.68 Million USD) and total liabilities (NT$1.58 Billion ≈ $49.71 Million 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 3491 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$3.62 Billion |
| % of Total Assets | 69.63% |
| Annual Growth Rate | 8.87% |
| 5-Year Change | 52.01% |
| 10-Year Change | N/A |
| Growth Volatility | 14.54 |
Universal Microwave Technology - Net Assets Trend (2017–2025)
This chart illustrates how Universal Microwave Technology's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Universal Microwave Technology to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Universal Microwave Technology (2017–2025)
The table below shows the annual net assets of Universal Microwave Technology from 2017 to 2025. For live valuation and market cap data, see Universal Microwave Technology (3491) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$3.62 Billion ≈ $113.97 Million |
+43.98% |
| 2024-12-31 | NT$2.51 Billion ≈ $79.16 Million |
+2.01% |
| 2023-12-31 | NT$2.46 Billion ≈ $77.60 Million |
+3.18% |
| 2022-12-31 | NT$2.39 Billion ≈ $75.20 Million |
+0.31% |
| 2021-12-31 | NT$2.38 Billion ≈ $74.98 Million |
+2.99% |
| 2020-12-31 | NT$2.31 Billion ≈ $72.80 Million |
-1.88% |
| 2019-12-31 | NT$2.35 Billion ≈ $74.19 Million |
+5.98% |
| 2018-12-31 | NT$2.22 Billion ≈ $70.01 Million |
+21.23% |
| 2017-12-31 | NT$1.83 Billion ≈ $57.74 Million |
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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 grown by 32.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$470.46 Million | 13.01% |
| Other Components | NT$3.15 Billion | 86.99% |
| Total Equity | NT$3.62 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 |
|---|---|
|
NovaGold Resources Inc
TO:NG
|
$3.36 Billion |
|
Secure Energy Services Inc.
TO:SES
|
$3.36 Billion |
|
Impinj Inc
NASDAQ:PI
|
$3.36 Billion |
|
Kinetik Holdings Inc
NYSE:KNTK
|
$3.37 Billion |
|
Signet Jewelers Ltd
NYSE:SIG
|
$3.36 Billion |
|
National Storage Affiliates Trust
NYSE:NSA
|
$3.36 Billion |
|
Easy Click Worldwide Network Technology Co. Ltd. A
SHE:301171
|
$3.36 Billion |
|
CJ Corp
KO:001040
|
$3.36 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 2024 to 2025, total equity changed from 2,449,204,000 to 3,617,503,000, a change of 1,168,299,000 (47.7%).
- Net income of 518,351,000 contributed positively to equity growth.
- Dividend payments of 430,000,000 reduced retained earnings.
- New share issuances of 85,035,000 increased equity.
- Other factors increased equity by 994,913,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$518.35 Million | +14.33% |
| Dividends Paid | NT$430.00 Million | -11.89% |
| Share Issuances | NT$85.03 Million | +2.35% |
| Other Changes | NT$994.91 Million | +27.5% |
| Total Change | NT$- | 47.70% |
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: 28.92x
- 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 56.97x to 28.92x 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$1550.00 | x |
| 2018-12-31 | NT$30.88 | NT$1550.00 | x |
| 2019-12-31 | NT$32.31 | NT$1550.00 | x |
| 2020-12-31 | NT$31.08 | NT$1550.00 | x |
| 2021-12-31 | NT$31.98 | NT$1550.00 | x |
| 2022-12-31 | NT$30.71 | NT$1550.00 | x |
| 2023-12-31 | NT$32.05 | NT$1550.00 | x |
| 2024-12-31 | NT$38.35 | NT$1550.00 | x |
| 2025-12-31 | NT$53.59 | NT$1550.00 | 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): 14.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.14%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.44x
- Recent ROE (14.33%) is above the historical average (12.85%), 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 |
| 2025 | 14.33% | 21.14% | 0.47x | 1.44x | NT$156.60 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: $5,429,866,600
- Average return on equity (ROE) among peers: 3.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Universal Microwave Technology (3491) | NT$3.62 Billion | 12.46% | 0.44x | $3.36 Billion |
| Microelectronics Technology Inc (2314) | $2.46 Billion | -37.09% | 1.51x | $22.25 Million |
| Tecom Co Ltd (2321) | $4.84 Billion | 0.00% | 0.91x | $12.74 Million |
| D-Link Corp (2332) | $9.00 Billion | 2.66% | 0.61x | $343.15 Million |
| Accton Technology Corp (2345) | $20.43 Billion | 39.97% | 1.25x | $43.93 Billion |
| Hitron Technologies Inc (2419) | $3.48 Billion | 6.42% | 1.06x | $300.15 Million |
| Abocom Systems Inc (2444) | $1.33 Billion | 0.00% | 1.55x | $43.84 Million |
| Zinwell Corporation (2485) | $7.16 Billion | 8.46% | 0.31x | $630.56 Million |
| Loop Telecommunication International Inc (3025) | $926.82 Million | 10.19% | 0.29x | $126.02 Million |
| Edimax Technology Co Ltd (3047) | $453.99 Million | 0.00% | 2.16x | $118.88 Million |
| CyberTAN Technology Inc (3062) | $4.22 Billion | 8.99% | 0.40x | $265.14 Million |
About Universal Microwave Technology
Universal Microwave Technology, Inc. manufactures and sells electronic components in Taiwan, Mainland China, Asia, Europe, the United States, and Oceania. The company operates through Microwave/Millimeter Wave Products; Radio Frequency Products; and Communication Network Engineering Services segment. The company offers diplexers and multiplexers, filters, couplers, OMT products, industrial parts,… Read more