UMC Stock Analysis: United Microelectronics | NYSE
Semiconductors | NYSE, USA | Market Cap: 45.241m USD | 12M Return: 92.8% | US9108734057 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 217M
EPS Trend: 26.5%
Qual. Beats: 0
Rev. Trend: 92.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor wafer foundry that manufactures integrated circuits for clients across Asia, North America, Europe, and other international markets. The company provides a full suite of foundry services, including circuit design, mask tooling, wafer fabrication, and assembly and testing, serving end markets such as communications, consumer electronics, and computing.
Beyond its core manufacturing operations, UMC offers a range of ancillary services including venture capital and marketing support, consulting, solar engineering design, research and development, and insurance services. The company was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan, a region known as a global hub for semiconductor production.
As a pure-play foundry, UMC produces chips designed by other companies rather than selling its own branded products, operating in a business model that serves fabless semiconductor firms globally. The company is listed on the NYSE under the ticker UMC and is classified within the Information Technology sector.
- Mature node demand from AI and connectivity chips grows
- Capacity utilization and 28nm pricing lift gross margins
- US-China export controls limit China foundry revenue growth
| Net Income: 84.9b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 2.03 > 1.0 |
| NWC/Revenue: 62.42% < 20% (prev 46.83%; Δ 15.59% < -1%) |
| CFO/TA 0.18 > 3% & CFO 118b > Net Income 84.9b |
| Net Debt (-72.2b) to EBITDA (163b): -0.44 < 3 |
| Current Ratio: 3.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (12.5b) vs 12m ago 398.4% < -2% |
| Gross Margin: 31.71% > 18% (prev 28.92%; Δ 2.79% > 0.5%) |
| Asset Turnover: 43.18% > 50% (prev 42.52%; Δ 0.67% > 0%) |
| Interest Coverage Ratio: 68.15 > 6 (EBIT TTM 98.3b / Interest Expense TTM 1.44b) |
| A: 0.25 (Total Current Assets 239b - Total Current Liabilities 73.0b) / Total Assets 676b |
| B: 0.35 (Retained Earnings 234b / Total Assets 676b) |
| C: 0.16 (EBIT TTM 98.3b / Avg Total Assets 616b) |
| D: 2.30 (Book Value of Equity 471b / Total Liabilities 205b) |
| Altman-Z'' = 6.22 = AAA |
| DSRI: 1.07 (Receivables 41.6b/34.6b, Revenue 266b/236b) |
| GMI: 0.91 (GM 28.92% / 31.71%) |
| AQI: 1.62 (AQ_t 0.26 / AQ_t-1 0.16) |
| SGI: 1.13 (Revenue 266b / 236b) |
| TATA: -0.05 (NI 84.9b - CFO 118b) / TA 676b) |
| Beneish M = -2.60 (Cap -4..+1) = A |
As of November 08, 2026, the stock is trading at USD 13.85 with a total of 16,774,314 shares traded. Over the past week, the price has changed by -16.97%, over one month by -40.28%, over three months by -27.86% and over the past year by +92.80%.
Current recommended Stop Loss: 12.50 (which is 9.7% or 1.3 ATR below the current price).
United Microelectronics has received a consensus analysts rating of 2.75. Therefore, it is recommended to hold UMC.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 3
- StrongSell: 0
| Analysts Target Price | 16.7 | 20.2% |
Market Cap TWD = 1482b (45.2b USD * 32.766 USD.TWD)
P/E Trailing = 17.0189
P/E Forward = 17.6056
P/S = 0.1702
P/B = 3.2637
P/EG = 0.9883
Revenue TTM = 266b TWD
EBIT TTM = 98.3b TWD
EBITDA TTM = 163b TWD
Long Term Debt = 61.5b TWD (from longTermDebt, last quarter)
Short Term Debt = 2.77b TWD (from shortLongTermDebt, last quarter)
Debt = 70.4b TWD (corrected: LT Debt 61.5b + ST Debt 2.77b) + Leases 6.13b
Net Debt = -72.2b TWD (calculated: Debt 70.4b - CCE 143b)
Enterprise Value = 1410b TWD (1482b + Debt 70.4b - CCE 143b)
Interest Coverage Ratio = 68.15 (Ebit TTM 98.3b / Interest Expense TTM 1.44b)
EV/FCF = 20.43x (Enterprise Value 1410b / FCF TTM 69.0b)
FCF Yield = 4.89% (FCF TTM 69.0b / Enterprise Value 1410b)
FCF Margin = 25.96% (FCF TTM 69.0b / Revenue TTM 266b)
Net Margin = 31.95% (Net Income TTM 84.9b / Revenue TTM 266b)
Gross Margin = 31.71% ((Revenue TTM 266b - Cost of Revenue TTM 182b) / Revenue TTM)
Gross Margin QoQ = 33.95% (prev 32.48%)
Tobins Q-Ratio = 2.09 (Enterprise Value 1410b / Total Assets 676b)
Interest Expense / Debt = 2.05% (Interest Expense 1.44b / Debt 70.4b)
Taxrate = 12.87% (12.5b / 97.2b)
NOPAT = 85.6b (EBIT 98.3b * (1 - 12.87%))
Current Ratio = 3.27 (Total Current Assets 239b / Total Current Liabilities 73.0b)
Debt / Equity = 0.15 (Debt 70.4b / totalStockholderEquity, last quarter 471b)
Debt / EBITDA = -0.44 (Net Debt -72.2b / EBITDA 163b)
Debt / FCF = -1.05 (Net Debt -72.2b / FCF TTM 69.0b)
Total Stockholder Equity = 425b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.79% (Net Income 84.9b / Total Assets 676b)
RoE = 19.97% (Net Income TTM 84.9b / Total Stockholder Equity 425b)
RoCE = 20.19% (EBIT 98.3b / Capital Employed (Equity 425b + L.T.Debt 61.5b))
RoIC = 14.31% (NOPAT 85.6b / Invested Capital 599b)
WACC = 9.90% (E(1482b)/V(1553b) * Re(10.29%) + D(70.4b)/V(1553b) * Rd(2.05%) * (1-Tc(0.13)))
Discount Rate = 10.29% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -30.84 | Cagr: -0.13%
[DCF] Terminal Value 73.11% ; FCFF base≈59.6b ; Y1≈68.3b ; Y5≈101b
[DCF] Fair Price = 502.2 (EV 1187b - Net Debt -72.2b = Equity 1259b / Shares 2.51b; r=9.90% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 26.53 | EPS CAGR: 7.91% | SUE: -0.15 | # QB: 0
Revenue Correlation: 92.59 | Revenue CAGR: 5.49% | SUE: -0.05 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.22 | Chg30d=-0.97% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=1.14 | Chg30d=+23.88% | Revisions=+25% | GrowthEPS=+113.9% | GrowthRev=+18.4%
EPS next Year (2027-12-31): EPS=0.88 | Chg30d=+0.27% | Revisions=+25% | GrowthEPS=-22.6% | GrowthRev=+23.5%
[Analyst] Revisions Ratio: +40% (up=2, down=0)