(UMC) United Microelectronics - NYSE
Sector: Technology | Industry: Semiconductors | Exchange: NYSE (USA) | Market Cap: 54.251m USD | Total Return: 209.6% in 12m
Avg Turnover: 373M
EPS Trend: -84.9%
Qual. Beats: 1
Rev. Trend: 13.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Supp Ema20, Rs Leader, Idiosyncratic Leader, Confidence, Tailwind
United Microelectronics Corporation (UMC) is a pure-play semiconductor foundry headquartered in Taiwan, providing full-scale manufacturing services for integrated circuits. The company’s service portfolio encompasses circuit design, mask tooling, wafer fabrication, and assembly and testing for diverse end-markets including communications, computing, and consumer electronics.
Operating within the capital-intensive foundry sector, UMC utilizes a business model focused on high-volume production for fabless semiconductor firms that design chips but do not own manufacturing facilities. The company maintains a global footprint with production capacities and support offices strategically located across Asia, North America, and Europe to serve a multinational client base.
Investors can further evaluate UMC’s competitive positioning and valuation metrics by exploring the data available on ValueRay.
- Mature node capacity utilization remains critical for gross margin and revenue growth
- Expansion into automotive and industrial IoT sectors diversifies revenue from consumer electronics
- Geopolitical tensions in the Taiwan Strait pose significant systemic valuation risk
- Competitive pricing pressure from Chinese foundries impacts long-term market share stability
- Capital expenditure for 28nm and 22nm capacity expansion dictates future free cash flow
| Net Income: 50.1b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 4.63 > 1.0 |
| NWC/Revenue: 56.84% < 20% (prev 50.72%; Δ 6.12% < -1%) |
| CFO/TA 0.16 > 3% & CFO 97.8b > Net Income 50.1b |
| Net Debt (-71.5b) to EBITDA (119b): -0.60 < 3 |
| Current Ratio: 2.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.50b) vs 12m ago -0.75% < -2% |
| Gross Margin: 29.61% > 18% (prev 31.50%; Δ -1.90% > 0.5%) |
| Asset Turnover: 41.05% > 50% (prev 41.11%; Δ -0.06% > 0%) |
| Interest Coverage Ratio: 37.36 > 6 (EBIT TTM 58.1b / Interest Expense TTM 1.55b) |
| A: 0.23 (Total Current Assets 216b - Total Current Liabilities 79.6b) / Total Assets 600b |
| B: 0.35 (Retained Earnings 208b / Total Assets 600b) |
| C: 0.10 (EBIT TTM 58.1b / Avg Total Assets 586b) |
| D: 2.11 (Book Value of Equity 407b / Total Liabilities 193b) |
| Altman-Z'' = 5.50 = AAA |
| DSRI: 1.03 (Receivables 39.1b/37.1b, Revenue 241b/236b) |
| GMI: 1.06 (GM 31.50% / 29.61%) |
| AQI: 1.17 (AQ_t 0.18 / AQ_t-1 0.15) |
| SGI: 1.02 (Revenue 241b / 236b) |
| TATA: -0.08 (NI 50.1b - CFO 97.8b) / TA 600b) |
| Beneish M = -2.84 (Cap -4..+1) = A |
As of June 19, 2026, the stock is trading at USD 24.08 with a total of 26,076,632 shares traded.
Over the past week, the price has changed by +16.44%,
over one month by +40.65%,
over three months by +158.92% and
over the past year by +209.59%.
United Microelectronics has received a consensus analysts rating of 2.00. Therefore, it is recommended to sell UMC.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 3
- StrongSell: 1
| Analysts Target Price | 10.4 | -57% |
Market Cap TWD = 1716b (54.3b USD * 31.625 USD.TWD)
P/E Trailing = 34.871
P/E Forward = 28.7356
P/S = 0.2254
P/B = 4.2209
P/EG = 1.6151
Revenue TTM = 241b TWD
EBIT TTM = 58.1b TWD
EBITDA TTM = 119b TWD
Long Term Debt = 47.2b TWD (from longTermDebt, last quarter)
Short Term Debt = 4.22b TWD (from shortTermDebt, last quarter)
Debt = 62.7b TWD (from shortLongTermDebtTotal, last quarter) + Leases 5.98b
Net Debt = -71.5b TWD (calculated: Debt 62.7b - CCE 134b)
Enterprise Value = 1644b TWD (1716b + Debt 62.7b - CCE 134b)
Interest Coverage Ratio = 37.36 (Ebit TTM 58.1b / Interest Expense TTM 1.55b)
EV/FCF = 33.48x (Enterprise Value 1644b / FCF TTM 49.1b)
FCF Yield = 2.99% (FCF TTM 49.1b / Enterprise Value 1644b)
FCF Margin = 20.40% (FCF TTM 49.1b / Revenue TTM 241b)
Net Margin = 20.82% (Net Income TTM 50.1b / Revenue TTM 241b)
Gross Margin = 29.61% ((Revenue TTM 241b - Cost of Revenue TTM 169b) / Revenue TTM)
Gross Margin QoQ = 29.19% (prev 30.67%)
Tobins Q-Ratio = 2.74 (Enterprise Value 1644b / Total Assets 600b)
Interest Expense / Debt = 2.48% (Interest Expense 1.55b / Debt 62.7b)
Taxrate = 12.36% (7.04b / 56.9b)
NOPAT = 50.9b (EBIT 58.1b * (1 - 12.36%))
Current Ratio = 2.72 (Total Current Assets 216b / Total Current Liabilities 79.6b)
Debt / Equity = 0.15 (Debt 62.7b / totalStockholderEquity, last quarter 407b)
Debt / EBITDA = -0.60 (Net Debt -71.5b / EBITDA 119b)
Debt / FCF = -1.46 (Net Debt -71.5b / FCF TTM 49.1b)
Total Stockholder Equity = 371b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.54% (Net Income 50.1b / Total Assets 600b)
RoE = 13.50% (Net Income TTM 50.1b / Total Stockholder Equity 371b)
RoCE = 13.88% (EBIT 58.1b / Capital Employed (Equity 371b + L.T.Debt 47.2b))
RoIC = 9.93% (NOPAT 50.9b / Invested Capital 513b)
WACC = 9.82% (E(1716b)/V(1778b) * Re(10.10%) + D(62.7b)/V(1778b) * Rd(2.48%) * (1-Tc(0.12)))
Discount Rate = 10.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -4.60 | Cagr: -0.16%
[DCF] Terminal Value 73.36% ; FCFF base≈37.6b ; Y1≈43.1b ; Y5≈63.5b
[DCF] Fair Price = 330.7 (EV 758b - Net Debt -71.5b = Equity 830b / Shares 2.51b; r=9.82% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -84.89 | EPS CAGR: -18.48% | SUE: 1.95 | # QB: 1
Revenue Correlation: 13.76 | Revenue CAGR: 0.58% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.16 | Chg30d=+14.73% | Revisions=+20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.17 | Chg30d=+12.82% | Revisions=+20% | Analysts=3
EPS current Year (2026-12-31): EPS=0.69 | Chg30d=+20.25% | Revisions=+33% | GrowthEPS=+30.5% | GrowthRev=+14.6%
EPS next Year (2027-12-31): EPS=0.80 | Chg30d=+10.65% | Revisions=+0% | GrowthEPS=+15.8% | GrowthRev=+14.3%
[Analyst] Revisions Ratio: +33%