UD Electronic
U.D. Electronic Corp. researches, manufactures, and sells electronic components and materials, connectors, and products in Taiwan and China. The company offers RJ45 integrated connector module and pure mechanical parts without magnetic components; SFF solutions, including ass'y, connector, and cage; LAN filters, such as transformers, common mode filter, and signal pulse transformers; high-speed c… Read more
UD Electronic (3689) - Net Assets
Latest net assets as of June 2025: NT$4.11 Billion TWD
Based on the latest financial reports, UD Electronic (3689) has net assets worth NT$4.11 Billion TWD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$6.04 Billion) and total liabilities (NT$1.93 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$4.11 Billion |
| % of Total Assets | 68.01% |
| Annual Growth Rate | 6.17% |
| 5-Year Change | 56.43% |
| 10-Year Change | N/A |
| Growth Volatility | 8.42 |
UD Electronic - Net Assets Trend (2017–2024)
This chart illustrates how UD Electronic's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for UD Electronic (2017–2024)
The table below shows the annual net assets of UD Electronic from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$4.18 Billion | +22.75% |
| 2023-12-31 | NT$3.40 Billion | +7.41% |
| 2022-12-31 | NT$3.17 Billion | +7.01% |
| 2021-12-31 | NT$2.96 Billion | +10.88% |
| 2020-12-31 | NT$2.67 Billion | +4.44% |
| 2019-12-31 | NT$2.56 Billion | -5.44% |
| 2018-12-31 | NT$2.71 Billion | -1.56% |
| 2017-12-31 | NT$2.75 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to UD Electronic'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 9.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.51 Billion | 36.43% |
| Other Components | NT$2.64 Billion | 63.57% |
| Total Equity | NT$4.15 Billion | 100.00% |
UD Electronic Competitors by Market Cap
The table below lists competitors of UD Electronic ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Entree Resources Ltd
OTCQB:ERLFF
|
$253.36 Million |
|
Dharma Satya Nusantara Ptdsn
JK:DSNG
|
$253.48 Million |
|
Beijing Seeyon Internet Software Cp
SHG:688369
|
$253.48 Million |
|
Grand Korea Leisure Co. Ltd
KO:114090
|
$253.57 Million |
|
Zhejiang Tongxing Technology Co. Ltd. A
SHE:301252
|
$253.31 Million |
|
Traffic Control Technology Co Ltd
SHG:688015
|
$253.28 Million |
|
Zhejiang Wufangzhai Industry Co. Ltd. A
SHG:603237
|
$253.18 Million |
|
Fluxys Belgium
BR:FLUX
|
$253.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in UD Electronic's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,378,874,000 to 4,149,847,000, a change of 770,973,000 (22.8%).
- Net income of 511,215,000 contributed positively to equity growth.
- Dividend payments of 194,450,000 reduced retained earnings.
- New share issuances of 31,088,000 increased equity.
- Other factors increased equity by 423,120,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$511.21 Million | +12.32% |
| Dividends Paid | NT$194.45 Million | -4.69% |
| Share Issuances | NT$31.09 Million | +0.75% |
| Other Changes | NT$423.12 Million | +10.2% |
| Total Change | NT$- | 22.82% |
Book Value vs Market Value Analysis
This analysis compares UD Electronic'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: 2.34x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.16x to 2.34x 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$38.25 | NT$121.00 | x |
| 2018-12-31 | NT$37.69 | NT$121.00 | x |
| 2019-12-31 | NT$36.31 | NT$121.00 | x |
| 2020-12-31 | NT$34.35 | NT$121.00 | x |
| 2021-12-31 | NT$36.51 | NT$121.00 | x |
| 2022-12-31 | NT$39.45 | NT$121.00 | x |
| 2023-12-31 | NT$42.40 | NT$121.00 | x |
| 2024-12-31 | NT$51.69 | NT$121.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently UD Electronic utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.32%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.93%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.39x
- Recent ROE (12.32%) is above the historical average (7.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.14% | 5.68% | 0.87x | 1.84x | NT$-23.00 Million |
| 2018 | 4.58% | 2.68% | 0.82x | 2.07x | NT$-142.46 Million |
| 2019 | 2.11% | 1.15% | 0.86x | 2.15x | NT$-199.63 Million |
| 2020 | 3.64% | 1.91% | 0.88x | 2.15x | NT$-166.93 Million |
| 2021 | 8.23% | 3.90% | 1.07x | 1.97x | NT$-51.65 Million |
| 2022 | 10.41% | 5.18% | 1.21x | 1.66x | NT$12.93 Million |
| 2023 | 11.39% | 6.28% | 1.18x | 1.53x | NT$46.83 Million |
| 2024 | 12.32% | 9.93% | 0.89x | 1.39x | NT$96.23 Million |
Industry Comparison
This section compares UD Electronic's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $187,867,240,100
- Average return on equity (ROE) among peers: 6.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| UD Electronic (3689) | NT$4.11 Billion | 9.14% | 0.47x | $253.32 Million |
| Syncmold Enterprise Corp (1582) | $4.29 Billion | 16.99% | 0.69x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.39 Billion | 0.00% | 0.90x | $1.40 Billion |
| Delta Electronics Inc (2308) | $325.39 Billion | 20.88% | 0.97x | $80.57 Billion |
| Compeq Manufacturing Co Ltd (2313) | $14.23 Billion | 2.16% | 1.01x | $6.72 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $1.48 Trillion | 6.88% | 1.48x | $76.45 Billion |
| Pan-International Industrial Corp (2328) | $18.48 Billion | 5.79% | 0.37x | $561.22 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $460.73 Million |
| Solomon Technology Corp (2359) | $5.33 Billion | 8.60% | 0.59x | $417.90 Million |
| Unitech Printed Circuit Board Corp (2367) | $8.30 Billion | -8.42% | 1.39x | $1.40 Billion |
| Gold Circuit Electronics Ltd (2368) | $7.17 Billion | 1.81% | 1.92x | $8.82 Billion |