Universal Microwave Technology (3491) - Net Assets

Latest as of March 2026: NT$3.48 Billion TWD ≈ $109.79 Million USD

Based on the latest financial reports, Universal Microwave Technology (3491) has net assets worth NT$3.48 Billion TWD (≈ $109.79 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$5.73 Billion ≈ $180.42 Million USD) and total liabilities (NT$2.24 Billion ≈ $70.63 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 Universal Microwave Technology strategic asset allocation index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	NT$3.48 Billion
% of Total Assets	60.85%
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. For live market cap and overall valuation, see market cap of Universal Microwave Technology.

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. Also explore how fast is Universal Microwave Technology growing its equity to track the company's year-over-year net asset growth rate.

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	--

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
Craftsman Automation Limited NSE:CRAFTSMAN	$3.12 Billion
Versigent PLC NYSE:VGNT	$3.12 Billion
Shanghai Xinmei Real Estate Co Ltd Class A SHG:600732	$3.13 Billion
Sinomag Technology Co Ltd SHE:300835	$3.13 Billion
Rev Group Inc NYSE:REVG	$3.12 Billion
Bank of Qingdao Co Ltd SHE:002948	$3.12 Billion
CRRC Corporation Limited F:C2L	$3.12 Billion
First Hawaiian Inc NASDAQ:FHB	$3.12 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: 26.87x
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 52.93x to 26.87x 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$1440.00	x
2018-12-31	NT$30.88	NT$1440.00	x
2019-12-31	NT$32.31	NT$1440.00	x
2020-12-31	NT$31.08	NT$1440.00	x
2021-12-31	NT$31.98	NT$1440.00	x
2022-12-31	NT$30.71	NT$1440.00	x
2023-12-31	NT$32.05	NT$1440.00	x
2024-12-31	NT$38.35	NT$1440.00	x
2025-12-31	NT$53.59	NT$1440.00	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: $5,419,154,900
Average return on equity (ROE) among peers: 7.47%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Universal Microwave Technology (3491)	NT$3.48 Billion	12.46%	0.64x	$3.12 Billion
Microelectronics Technology Inc (2314)	$2.66 Billion	0.06%	0.89x	$14.78 Million
Tecom Co Ltd (2321)	$409.37 Million	-19.23%	5.10x	$26.06 Million
D-Link Corp (2332)	$15.00 Billion	3.41%	0.69x	$363.83 Million
Accton Technology Corp (2345)	$15.55 Billion	30.25%	1.25x	$32.40 Billion
Hitron Technologies Inc (2419)	$5.58 Billion	7.21%	1.25x	$276.87 Million
Abocom Systems Inc (2444)	$872.28 Million	1.40%	1.12x	$37.28 Million
Zinwell Corporation (2485)	$6.86 Billion	13.06%	0.38x	$389.85 Million
Loop Telecommunication International Inc (3025)	$843.19 Million	23.68%	0.52x	$90.45 Million
Edimax Technology Co Ltd (3047)	$833.02 Million	11.87%	1.02x	$95.67 Million
CyberTAN Technology Inc (3062)	$5.58 Billion	2.99%	0.39x	$215.01 Million

About Universal Microwave Technology

TWO:3491 Taiwan Communication Equipment

Market Cap

$3.12 Billion

NT$99.08 Billion TWD

Market Cap Rank

#4802 Global

#149 in Taiwan

Share Price

NT$1440.00

Change (1 day)

+6.27%

52-Week Range

NT$420.50 - NT$2200.00

All Time High

NT$2200.00