Ubright Optronics
Ubright Optronics Corporation engages in the manufacture and sale of optical films in Taiwan. It offers prism, multi function, and quantum dot films for backlight displays; polarizer protection and anti-glare films for LCD displays; 3D curve display protection films for OLED displays; anti-static protection, in process panel protection, hard coat, masking protection, and optical clear adhesive fi… Read more
Ubright Optronics (4933) - Net Assets
Latest net assets as of September 2025: NT$3.55 Billion TWD
Based on the latest financial reports, Ubright Optronics (4933) has net assets worth NT$3.55 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$4.58 Billion) and total liabilities (NT$1.03 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$3.55 Billion |
| % of Total Assets | 77.49% |
| Annual Growth Rate | 12.09% |
| 5-Year Change | 18.14% |
| 10-Year Change | 28.9% |
| Growth Volatility | 27.5 |
Ubright Optronics - Net Assets Trend (2009–2024)
This chart illustrates how Ubright Optronics's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ubright Optronics (2009–2024)
The table below shows the annual net assets of Ubright Optronics from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$3.72 Billion | +10.14% |
| 2023-12-31 | NT$3.37 Billion | +2.62% |
| 2022-12-31 | NT$3.29 Billion | +0.31% |
| 2021-12-31 | NT$3.28 Billion | +4.20% |
| 2020-12-31 | NT$3.15 Billion | +4.58% |
| 2019-12-31 | NT$3.01 Billion | -0.07% |
| 2018-12-31 | NT$3.01 Billion | +2.97% |
| 2017-12-31 | NT$2.92 Billion | -1.93% |
| 2016-12-31 | NT$2.98 Billion | +3.39% |
| 2015-12-31 | NT$2.88 Billion | +1.14% |
| 2014-12-31 | NT$2.85 Billion | +2.94% |
| 2013-12-31 | NT$2.77 Billion | +16.23% |
| 2012-12-31 | NT$2.38 Billion | +23.52% |
| 2011-12-31 | NT$1.93 Billion | +36.74% |
| 2010-12-31 | NT$1.41 Billion | +110.16% |
| 2009-12-31 | NT$671.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ubright Optronics'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 436.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$1.49 Billion | 40.07% |
| Other Components | NT$2.23 Billion | 59.93% |
| Total Equity | NT$3.72 Billion | 100.00% |
Ubright Optronics Competitors by Market Cap
The table below lists competitors of Ubright Optronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nova Lifestyle I
NASDAQ:NVFY
|
$60.72 Million |
|
Terra Santa Propriedades Agrícolas S.A.
SA:LAND3
|
$60.73 Million |
|
Tesoro Gold Ltd
AU:TSO
|
$60.73 Million |
|
Largo Resources Ltd
NASDAQ:LGO
|
$60.75 Million |
|
Surf Air Mobility Inc.
NYSE:SRFM
|
$60.70 Million |
|
KCTC Co. Ltd
KO:009070
|
$60.69 Million |
|
D-Link (India) Limited
NSE:DLINKINDIA
|
$60.68 Million |
|
I.C.C. International Public Company Limited
BK:ICC
|
$60.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ubright Optronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,374,173,000 to 3,716,348,000, a change of 342,175,000 (10.1%).
- Net income of 575,589,000 contributed positively to equity growth.
- Dividend payments of 242,975,000 reduced retained earnings.
- New share issuances of 19,965,000 increased equity.
- Other comprehensive income decreased equity by 469,795,999.
- Other factors increased equity by 459,391,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$575.59 Million | +15.49% |
| Dividends Paid | NT$242.97 Million | -6.54% |
| Share Issuances | NT$19.96 Million | +0.54% |
| Other Comprehensive Income | NT$-469.80 Million | -12.64% |
| Other Changes | NT$459.39 Million | +12.36% |
| Total Change | NT$- | 10.14% |
Book Value vs Market Value Analysis
This analysis compares Ubright Optronics'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: 1.22x
- 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 4.77x to 1.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | NT$11.59 | NT$55.30 | x |
| 2010-12-31 | NT$22.81 | NT$55.30 | x |
| 2011-12-31 | NT$25.67 | NT$55.30 | x |
| 2012-12-31 | NT$30.64 | NT$55.30 | x |
| 2013-12-31 | NT$32.72 | NT$55.30 | x |
| 2014-12-31 | NT$32.74 | NT$55.30 | x |
| 2015-12-31 | NT$32.66 | NT$55.30 | x |
| 2016-12-31 | NT$38.76 | NT$55.30 | x |
| 2017-12-31 | NT$37.99 | NT$55.30 | x |
| 2018-12-31 | NT$39.10 | NT$55.30 | x |
| 2019-12-31 | NT$38.47 | NT$55.30 | x |
| 2020-12-31 | NT$39.62 | NT$55.30 | x |
| 2021-12-31 | NT$40.78 | NT$55.30 | x |
| 2022-12-31 | NT$40.79 | NT$55.30 | x |
| 2023-12-31 | NT$41.35 | NT$55.30 | x |
| 2024-12-31 | NT$45.40 | NT$55.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ubright Optronics 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): 15.49%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.60%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 1.30x
- Recent ROE (15.49%) is above the historical average (13.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 56.95% | 19.42% | 1.63x | 1.80x | NT$315.14 Million |
| 2010 | 13.95% | 7.42% | 1.56x | 1.20x | NT$55.74 Million |
| 2011 | 19.19% | 12.33% | 1.31x | 1.19x | NT$177.35 Million |
| 2012 | 25.91% | 15.12% | 1.36x | 1.26x | NT$379.17 Million |
| 2013 | 15.75% | 11.56% | 0.82x | 1.66x | NT$159.21 Million |
| 2014 | 8.22% | 6.27% | 0.83x | 1.58x | NT$-50.84 Million |
| 2015 | 5.99% | 4.29% | 0.86x | 1.62x | NT$-115.57 Million |
| 2016 | 5.70% | 5.09% | 0.94x | 1.20x | NT$-128.05 Million |
| 2017 | 0.98% | 1.07% | 0.79x | 1.15x | NT$-263.65 Million |
| 2018 | 4.59% | 5.25% | 0.76x | 1.15x | NT$-162.78 Million |
| 2019 | 3.14% | 4.02% | 0.64x | 1.21x | NT$-206.43 Million |
| 2020 | 6.34% | 7.32% | 0.65x | 1.32x | NT$-115.12 Million |
| 2021 | 8.90% | 9.85% | 0.69x | 1.32x | NT$-36.08 Million |
| 2022 | 8.74% | 12.54% | 0.55x | 1.27x | NT$-41.34 Million |
| 2023 | 10.06% | 13.59% | 0.57x | 1.29x | NT$2.13 Million |
| 2024 | 15.49% | 19.60% | 0.61x | 1.30x | NT$203.95 Million |
Industry Comparison
This section compares Ubright Optronics's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $27,403,349,900
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ubright Optronics (4933) | NT$3.55 Billion | 56.95% | 0.29x | $60.70 Million |
| Syncmold Enterprise Corp (1582) | $3.54 Billion | 14.79% | 0.82x | $298.69 Million |
| Fulltech Fiber Glass (1815) | $6.73 Billion | 0.00% | 0.78x | $1.40 Billion |
| Delta Electronics Inc (2308) | $139.46 Billion | 13.05% | 0.88x | $79.20 Billion |
| Compeq Manufacturing Co Ltd (2313) | $12.76 Billion | 0.00% | 1.42x | $6.31 Billion |
| Hon Hai Precision Industry Co Ltd (2317) | $55.62 Billion | 23.52% | 0.79x | $77.18 Billion |
| Pan-International Industrial Corp (2328) | $14.42 Billion | 4.40% | 0.40x | $547.00 Million |
| Chin-Poon Industrial Co Ltd (2355) | $10.35 Billion | 9.66% | 0.67x | $428.70 Million |
| Solomon Technology Corp (2359) | $4.51 Billion | 1.92% | 0.20x | $419.65 Million |
| Unitech Printed Circuit Board Corp (2367) | $9.81 Billion | 5.57% | 0.97x | $1.34 Billion |
| Gold Circuit Electronics Ltd (2368) | $16.83 Billion | 20.96% | 0.97x | $8.99 Billion |