United Recommend International Co Ltd (5321) - Net Assets
Based on the latest financial reports, United Recommend International Co Ltd (5321) has net assets worth NT$841.41 Million TWD (≈ $26.51 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$5.01 Billion ≈ $157.92 Million USD) and total liabilities (NT$4.17 Billion ≈ $131.41 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 5321 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$841.41 Million |
| % of Total Assets | 16.79% |
| Annual Growth Rate | 13.74% |
| 5-Year Change | 12.33% |
| 10-Year Change | N/A |
| Growth Volatility | 131.93 |
United Recommend International Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how United Recommend International Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore United Recommend International Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for United Recommend International Co Ltd (2017–2025)
The table below shows the annual net assets of United Recommend International Co Ltd from 2017 to 2025. For live valuation and market cap data, see 5321 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$841.41 Million ≈ $26.51 Million |
-4.51% |
| 2024-12-31 | NT$881.18 Million ≈ $27.76 Million |
+1.33% |
| 2023-12-31 | NT$869.61 Million ≈ $27.40 Million |
-8.22% |
| 2022-12-31 | NT$947.49 Million ≈ $29.85 Million |
+26.49% |
| 2021-12-31 | NT$749.05 Million ≈ $23.60 Million |
+29.36% |
| 2020-12-31 | NT$579.05 Million ≈ $18.24 Million |
-76.49% |
| 2019-12-31 | NT$2.46 Billion ≈ $77.61 Million |
+386.55% |
| 2018-12-31 | NT$506.27 Million ≈ $15.95 Million |
+68.50% |
| 2017-12-31 | NT$300.46 Million ≈ $9.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to United Recommend International 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 grown by 843.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$82.71 Million | 10.91% |
| Other Components | NT$675.31 Million | 89.09% |
| Total Equity | NT$758.01 Million | 100.00% |
United Recommend International Co Ltd Competitors by Market Cap
The table below lists competitors of United Recommend International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Microtips Technology
TWO:3285
|
$38.37 Million |
|
Taegu Broadcasting Corporation
KQ:033830
|
$38.38 Million |
|
Avision Inc
TW:2380
|
$38.38 Million |
|
OKYO PHARMA LTD SP.ADR/65
F:OK10
|
$38.38 Million |
|
Shinwha Intertek Corp
KQ:056700
|
$38.36 Million |
|
Rossmax International Ltd
TWO:4121
|
$38.32 Million |
|
Local Bounti Corp
NYSE:LOCL
|
$38.31 Million |
|
Promise Technology Inc
TW:3057
|
$38.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Recommend International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 772,660,000 to 758,015,000, a change of -14,645,000 (-1.9%).
- Net loss of 14,374,000 reduced equity.
- Dividend payments of 18,244,000 reduced retained earnings.
- Other factors increased equity by 17,973,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$-14.37 Million | -1.9% |
| Dividends Paid | NT$18.24 Million | -2.41% |
| Other Changes | NT$17.97 Million | +2.37% |
| Total Change | NT$- | -1.90% |
Book Value vs Market Value Analysis
This analysis compares United Recommend International 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: 1.61x
- 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 2.20x to 1.61x 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$10.43 | NT$22.90 | x |
| 2018-12-31 | NT$12.21 | NT$22.90 | x |
| 2019-12-31 | NT$14.70 | NT$22.90 | x |
| 2020-12-31 | NT$8.22 | NT$22.90 | x |
| 2021-12-31 | NT$10.52 | NT$22.90 | x |
| 2022-12-31 | NT$14.01 | NT$22.90 | x |
| 2023-12-31 | NT$15.17 | NT$22.90 | x |
| 2024-12-31 | NT$14.53 | NT$22.90 | x |
| 2025-12-31 | NT$14.25 | NT$22.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Recommend International Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.51%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 6.61x
- Recent ROE (-1.90%) is below the historical average (3.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -22.40% | -8.50% | 1.08x | 2.45x | NT$-97.34 Million |
| 2018 | 17.71% | 6.14% | 0.87x | 3.34x | NT$27.13 Million |
| 2019 | 9.46% | 3.21% | 0.55x | 5.31x | NT$-2.52 Million |
| 2020 | -31.38% | -6.25% | 0.74x | 6.82x | NT$-171.06 Million |
| 2021 | 20.86% | 3.99% | 0.87x | 6.03x | NT$56.54 Million |
| 2022 | 26.67% | 5.83% | 0.90x | 5.10x | NT$115.56 Million |
| 2023 | 10.93% | 2.52% | 0.81x | 5.35x | NT$7.01 Million |
| 2024 | 0.21% | 0.05% | 0.75x | 5.88x | NT$-75.67 Million |
| 2025 | -1.90% | -0.51% | 0.57x | 6.61x | NT$-90.18 Million |
Industry Comparison
This section compares United Recommend International Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $192,873,822,500
- Average return on equity (ROE) among peers: 9.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Recommend International Co Ltd (5321) | NT$841.41 Million | -22.40% | 4.96x | $38.37 Million |
| Syncmold Enterprise Corp (1582) | $5.56 Billion | 16.02% | 0.51x | $402.71 Million |
| Fulltech Fiber Glass (1815) | $2.80 Billion | 0.00% | 2.80x | $1.78 Billion |
| Delta Electronics Inc (2308) | $55.06 Billion | 20.58% | 0.62x | $177.18 Billion |
| Compeq Manufacturing Co Ltd (2313) | $32.37 Billion | 15.88% | 1.22x | $9.18 Billion |
| WUS Printed Circuit Co Ltd (2316) | $7.35 Billion | 5.63% | 0.71x | $643.07 Million |
| Hon Hai Precision Industry Co Ltd (2317) | $1.66 Trillion | 8.54% | 1.50x | $96.56 Billion |
| Yageo Corp (2327) | $136.62 Billion | 12.79% | 1.43x | $20.70 Billion |
| Pan-International Industrial Corp (2328) | $11.99 Billion | 5.76% | 0.72x | $809.19 Million |
| Chin-Poon Industrial Co Ltd (2355) | $15.85 Billion | 3.13% | 0.42x | $641.19 Million |
| Solomon Technology Corp (2359) | $4.97 Billion | 7.43% | 0.24x | $642.50 Million |
About United Recommend International Co Ltd
United Recommend International Co., Ltd. engages in the garment industry in Taiwan. The company operates as e-commerce company for women's clothing. It also manufactures and sells printed circuit boards (PCBs). The company also involved in the leasing; third-party payment; food online sales; Italian restaurants and food; operates physical shopping malls, department stores, and restaurants; and wh… Read more