UMC Stock Analysis: United Microelectronics | NYSE
Semiconductors | NYSE, USA | Market Cap: 61.578m USD | 12M Return: 227.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 443M
EPS Trend: -84.9%
Qual. Beats: 1
Rev. Trend: 13.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 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 (NYSE: UMC) is a Taiwan-based semiconductor wafer foundry incorporated in 1980 and headquartered in Hsinchu City. The company manufactures and sells integrated circuits, providing end-to-end services including circuit design, mask tooling, wafer fabrication, and assembly and testing. It serves clients across communication devices, consumer electronics, and computer applications, with operations spanning Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and other international markets. Beyond its core foundry business, UMC also offers venture capital and marketing support, consulting, solar engineering design, R&D, and insurance services.
UMC operates within the semiconductor foundry segment of the Information Technology sector, a pure-play manufacturing model in which the company fabricates chips designed by external fabless clients rather than selling its own branded products. Its Hsinchu City headquarters places it within Taiwans Hsinchu Science Park, a long-established hub that anchors the global semiconductor supply chain alongside other major foundries based in the region.
- Mature node pricing weakens amid SMIC competition and oversupply
- Capacity utilization improves as smartphone and PC inventory corrects
- Oregon fab expansion supported by CHIPS Act subsidy approvals
| 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 July 11, 2026, the stock is trading at USD 24.34 with a total of 6,710,636 shares traded. Over the past week, the price has changed by +0.93%, over one month by +31.05%, over three months by +154.29% and over the past year by +227.62%.
Current recommended Stop Loss: 22.10 (which is 9.2% or 1.3 ATR below the current price).
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 | 16.3 | -33.2% |
Market Cap TWD = 1978b (61.6b USD * 32.124 USD.TWD)
P/E Trailing = 39.5806
P/E Forward = 32.7869
P/S = 0.2558
P/B = 4.8425
P/EG = 1.8409
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 = 1907b TWD (1978b + Debt 62.7b - CCE 134b)
Interest Coverage Ratio = 37.36 (Ebit TTM 58.1b / Interest Expense TTM 1.55b)
EV/FCF = 38.83x (Enterprise Value 1907b / FCF TTM 49.1b)
FCF Yield = 2.58% (FCF TTM 49.1b / Enterprise Value 1907b)
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 = 3.18 (Enterprise Value 1907b / 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 = 9.28% (E(1978b)/V(2041b) * Re(9.51%) + D(62.7b)/V(2041b) * Rd(2.48%) * (1-Tc(0.12)))
Discount Rate = 9.51% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 22.47 | Cagr: 1.61%
[DCF] Terminal Value 75.00% ; FCFF base≈37.6b ; Y1≈43.1b ; Y5≈63.5b
[DCF] Fair Price = 355.4 (EV 820b - Net Debt -71.5b = Equity 892b / Shares 2.51b; r=9.28% [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=0.15 | Chg30d=-3.52% | Revisions=+25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.17 | Chg30d=-0.12% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.69 | Chg30d=-0.10% | Revisions=+40% | GrowthEPS=+30.1% | GrowthRev=+15.0%
EPS next Year (2027-12-31): EPS=0.82 | Chg30d=+1.60% | Revisions=+0% | GrowthEPS=+17.8% | GrowthRev=+18.5%
[Analyst] Revisions Ratio: +44% (up=5, down=1)