Usun Technology Co Ltd (3498) - Net Assets
Based on the latest financial reports, Usun Technology Co Ltd (3498) has net assets worth NT$2.24 Billion TWD (≈ $70.64 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$4.04 Billion ≈ $127.36 Million USD) and total liabilities (NT$1.80 Billion ≈ $56.72 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 Usun Technology Co Ltd (3498) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$2.24 Billion |
| % of Total Assets | 55.46% |
| Annual Growth Rate | -4.27% |
| 5-Year Change | -2.93% |
| 10-Year Change | N/A |
| Growth Volatility | 6.23 |
Usun Technology Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Usun Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Usun Technology Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Usun Technology Co Ltd (2017–2025)
The table below shows the annual net assets of Usun Technology Co Ltd from 2017 to 2025. For live valuation and market cap data, see Usun Technology Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$2.24 Billion ≈ $70.64 Million |
+0.82% |
| 2024-12-31 | NT$2.22 Billion ≈ $70.06 Million |
-4.41% |
| 2023-12-31 | NT$2.33 Billion ≈ $73.29 Million |
-2.41% |
| 2022-12-31 | NT$2.38 Billion ≈ $75.10 Million |
+3.20% |
| 2021-12-31 | NT$2.31 Billion ≈ $72.77 Million |
+1.67% |
| 2020-12-31 | NT$2.27 Billion ≈ $71.57 Million |
-3.75% |
| 2019-12-31 | NT$2.36 Billion ≈ $74.36 Million |
-15.91% |
| 2018-12-31 | NT$2.81 Billion ≈ $88.43 Million |
-11.67% |
| 2017-12-31 | NT$3.18 Billion ≈ $100.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Usun Technology Co Ltd'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 97.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$22.87 Million | 1.02% |
| Other Components | NT$2.22 Billion | 98.98% |
| Total Equity | NT$2.24 Billion | 100.00% |
Usun Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Usun Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mieco Chipboard Bhd
KLSE:5001
|
$166.96 Million |
|
Vertiseit AB Series B
ST:VERT-B
|
$166.96 Million |
|
Tera Autotech
TWO:6234
|
$166.99 Million |
|
São Carlos Empreendimentos e Participações S.A
SA:SCAR3
|
$167.01 Million |
|
Flutter Entertainment PLC
LSE:FLTR
|
$166.92 Million |
|
Akenerji Elektrik Uretim AS
IS:AKENR
|
$166.91 Million |
|
Nkarta Inc
NASDAQ:NKTX
|
$166.82 Million |
|
Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS
IS:KGYO
|
$166.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Usun Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,222,020,000 to 2,240,918,000, a change of 18,898,000 (0.9%).
- Net income of 29,117,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$29.12 Million | +1.3% |
| Other Changes | NT$-10.22 Million | -0.46% |
| Total Change | NT$- | 0.85% |
Book Value vs Market Value Analysis
This analysis compares Usun Technology Co Ltd'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: 2.36x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.76x to 2.36x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$49.85 | NT$87.70 | x |
| 2018-12-31 | NT$44.51 | NT$87.70 | x |
| 2019-12-31 | NT$37.46 | NT$87.70 | x |
| 2020-12-31 | NT$36.47 | NT$87.70 | x |
| 2021-12-31 | NT$37.60 | NT$87.70 | x |
| 2022-12-31 | NT$38.53 | NT$87.70 | x |
| 2023-12-31 | NT$38.47 | NT$87.70 | x |
| 2024-12-31 | NT$36.78 | NT$87.70 | x |
| 2025-12-31 | NT$37.09 | NT$87.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Usun Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.14%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.80x
- Recent ROE (1.30%) is above the historical average (-2.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.32% | 3.83% | 0.46x | 1.32x | NT$-243.54 Million |
| 2018 | -1.81% | -2.65% | 0.45x | 1.52x | NT$-330.64 Million |
| 2019 | -18.41% | -29.36% | 0.41x | 1.51x | NT$-668.96 Million |
| 2020 | -1.59% | -1.89% | 0.53x | 1.58x | NT$-262.67 Million |
| 2021 | 0.72% | 1.13% | 0.37x | 1.72x | NT$-214.02 Million |
| 2022 | 4.31% | 5.90% | 0.46x | 1.61x | NT$-135.41 Million |
| 2023 | -6.29% | -12.20% | 0.39x | 1.33x | NT$-378.64 Million |
| 2024 | -6.80% | -15.96% | 0.30x | 1.43x | NT$-373.32 Million |
| 2025 | 1.30% | 2.14% | 0.34x | 1.80x | NT$-194.97 Million |
Industry Comparison
This section compares Usun Technology Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $12,042,481,900
- Average return on equity (ROE) among peers: 8.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Usun Technology Co Ltd (3498) | NT$2.24 Billion | 2.32% | 0.80x | $166.92 Million |
| TECO Electric & Machinery Co Ltd (1504) | $55.72 Billion | 6.25% | 0.66x | $4.61 Billion |
| Chung-Hsin Electric & Machinery Mfg Corp (1513) | $8.16 Billion | 6.73% | 0.83x | $2.31 Billion |
| Anderson Industrial Corp (1528) | $1.76 Billion | 8.23% | 1.17x | $173.61 Million |
| Awea Mechantronic Co Ltd (1530) | $3.39 Billion | 6.22% | 0.76x | $78.83 Million |
| Kaulin Mfg (1531) | $3.74 Billion | 4.98% | 0.23x | $74.30 Million |
| Chiu Ting Machinery Co Ltd (1539) | $669.23 Million | -8.44% | 1.29x | $33.26 Million |
| Roundtop Machinery Industries Co Ltd (1540) | $1.37 Billion | 3.35% | 0.19x | $56.42 Million |
| Sinmag Equipment (1580) | $2.04 Billion | 26.12% | 0.62x | $191.20 Million |
| Goodway Machine Corp (1583) | $8.41 Billion | 14.92% | 0.77x | $160.62 Million |
| Airtac International Group (1590) | $35.15 Billion | 18.33% | 0.36x | $9.17 Billion |
About Usun Technology Co Ltd
Usun Technology Co., Ltd., together with its subsidiaries, designs, produces, and maintains automation equipment in Taiwan, China, and internationally. The company offers advanced process equipment system, including OCA laminator, 3D automatic laminator, OCR laminator, G10 glass dense unpack, slit coater, thin film coating system, vacuum chamber dryer, and demura+gamma turing machine; non-standar… Read more