Overview Dividends

(UMC) United Microelectronics - Ratings and Ratios

Exchange: NYSE • Country: Taiwan • Currency: USD • Type: Common Stock • ISIN: US9108734057

Semiconductor, Wafers, Integrated Circuits, Foundry Services

Semiconductors
Market Cap in USD: 20,314m

IPO / Inception: 2000-09-19
Return 12m vs S&P 500: 12.3%

EPS (Earnings per Share)

EPS CAGR: -5.46%
EPS Trend: -79.7%

Last SUE: 2.80
Qual. Beats: 1

Revenue

Rev. CAGR: 0.01%
Rev. Trend: -43.7%

Last SUE: 0.01
Qual. Beats: 0

Dividends

Dividend Yield	5.96%
Yield on Cost 5y	7.62%
Yield CAGR 5y	35.83%
Payout Consistency	73.4%
Payout Ratio	93.9%

Risk via 5d forecast
Volatility	29.7%
Value at Risk 5%th	46.7%
Relative Tail Risk	-4.48%

Reward TTM
Sharpe Ratio	0.86
Alpha	19.95
CAGR/Max DD	0.37

Character TTM
Hurst Exponent	0.448
Beta	0.840
Beta Downside	0.502

Drawdowns 3y
Max DD	36.00%
Mean DD	11.32%
Median DD	9.78%

Description: UMC United Microelectronics December 19, 2025

United Microelectronics Corporation (UMC) is a pure-play semiconductor wafer foundry headquartered in Hsinchu, Taiwan, with manufacturing footprints across Asia, the United States and Europe. The firm produces integrated circuits for mobile, IoT, computing, automotive and data-processing applications, and supplements its core fab services with backend design support, venture-capital backing, consulting, and R&D offerings.

Key metrics as of FY 2023: revenue of roughly $9.5 billion, a global foundry market share of about 5 % (focused on mature nodes such as 28 nm-40 nm), and an average fab utilization of ≈ 87 % in Q3 2024. UMC’s capacity expansion plan adds ~200,000 wafers per month through new 300 mm lines slated for 2025, positioning the company to capture rising demand from AI-driven data-center workloads and automotive electronics while navigating US-China trade constraints.

For a deeper quantitative assessment of UMC’s valuation and risk profile, see the detailed analysis on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (40.16b TTM) > 0 and > 6% of Revenue (6% = 14.17b TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA 9.06pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 46.83% (prev 46.43%; Δ 0.40pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.18 (>3.0%) and CFO 99.84b > Net Income 40.16b (YES >=105%, WARN >=100%)

Net Debt (-28.31b) to EBITDA (103.70b) ratio: -0.27 <= 3.0 (WARN <= 3.5)

Current Ratio 2.34 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (2.52b) change vs 12m ago 0.16% (target <= -2.0% for YES)

Gross Margin 28.92% (prev 32.69%; Δ -3.77pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 41.80% (prev 39.51%; Δ 2.30pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 28.47 (EBITDA TTM 103.70b / Interest Expense TTM 1.66b) >= 6 (WARN >= 3)

Altman Z'' 4.80

(A) 0.20 = (Total Current Assets 192.85b - Total Current Liabilities 82.28b) / Total Assets 555.40b

(B) 0.33 = Retained Earnings (Balance) 181.24b / Total Assets 555.40b

(D) 1.78 = Book Value of Equity 346.07b / Total Liabilities 194.20b

Total Rating: 4.80 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 62.57

1. Piotroski 6.50pt

2. FCF Yield 7.24%

3. FCF Margin 19.69%

4. Debt/Equity 0.21

5. Debt/Ebitda -0.27

6. ROIC - WACC (= 3.12)%

7. RoE 10.95%

8. Rev. Trend -43.73%

9. EPS Trend -79.66%

What is the price of UMC shares?

As of December 20, 2025, the stock is trading at USD 8.10 with a total of 5,830,118 shares traded.
Over the past week, the price has changed by +2.92%, over one month by +12.03%, over three months by +13.45% and over the past year by +31.97%.

Is UMC a buy, sell or hold?

United Microelectronics has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold UMC.

Strong Buy: 1
Buy: 0
Hold: 3
Sell: 2
Strong Sell: 0

What are the forecasts/targets for the UMC price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	6.5	-20.1%
Analysts Target Price	6.5	-20.1%
ValueRay Target Price	9.1	12.8%

UMC Fundamental Data Overview December 11, 2025

Market Cap TWD = 639.90b (20.31b USD * 31.5 USD.TWD)
P/E Trailing = 14.9815
P/E Forward = 13.1234
P/S = 0.086
P/B = 1.7597
P/EG = 1.5424
Beta = 0.945
Revenue TTM = 236.13b TWD
EBIT TTM = 47.23b TWD
EBITDA TTM = 103.70b TWD
Long Term Debt = 53.76b TWD (from longTermDebt, last quarter)
Short Term Debt = 16.70b TWD (from shortTermDebt, last quarter)
Debt = 75.91b TWD (from shortLongTermDebtTotal, last quarter)
Net Debt = -28.31b TWD (from netDebt column, last quarter)
Enterprise Value = 642.23b TWD (639.90b + Debt 75.91b - CCE 73.59b)
Interest Coverage Ratio = 28.47 (Ebit TTM 47.23b / Interest Expense TTM 1.66b)
FCF Yield = 7.24% (FCF TTM 46.49b / Enterprise Value 642.23b)
FCF Margin = 19.69% (FCF TTM 46.49b / Revenue TTM 236.13b)
Net Margin = 17.01% (Net Income TTM 40.16b / Revenue TTM 236.13b)
Gross Margin = 28.92% ((Revenue TTM 236.13b - Cost of Revenue TTM 167.84b) / Revenue TTM)
Gross Margin QoQ = 29.81% (prev 28.72%)
Tobins Q-Ratio = 1.16 (Enterprise Value 642.23b / Total Assets 555.40b)
Interest Expense / Debt = 0.60% (Interest Expense 454.1m / Debt 75.91b)
Taxrate = -2.05% (negative due to tax credits) (-300.3m / 14.64b)
NOPAT = 48.20b (EBIT 47.23b * (1 - -2.05%)) [negative tax rate / tax credits]
Current Ratio = 2.34 (Total Current Assets 192.85b / Total Current Liabilities 82.28b)
Debt / Equity = 0.21 (Debt 75.91b / totalStockholderEquity, last quarter 361.06b)
Debt / EBITDA = -0.27 (Net Debt -28.31b / EBITDA 103.70b)
Debt / FCF = -0.61 (Net Debt -28.31b / FCF TTM 46.49b)
Total Stockholder Equity = 366.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.23% (Net Income 40.16b / Total Assets 555.40b)
RoE = 10.95% (Net Income TTM 40.16b / Total Stockholder Equity 366.62b)
RoCE = 11.24% (EBIT 47.23b / Capital Employed (Equity 366.62b + L.T.Debt 53.76b))
RoIC = 11.33% (NOPAT 48.20b / Invested Capital 425.47b)
WACC = 8.21% (E(639.90b)/V(715.82b) * Re(9.11%) + D(75.91b)/V(715.82b) * Rd(0.60%) * (1-Tc(-0.02)))
Discount Rate = 9.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.20%
[DCF Debug] Terminal Value 65.78% ; FCFE base≈46.49b ; Y1≈30.52b ; Y5≈13.96b
Fair Price DCF = 92.12 (DCF Value 231.32b / Shares Outstanding 2.51b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -79.66 | EPS CAGR: -5.46% | SUE: 2.80 | # QB: 1
Revenue Correlation: -43.73 | Revenue CAGR: 0.01% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.11 | Chg30d=+0.012 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=0.52 | Chg30d=-0.029 | Revisions Net=+0 | Growth EPS=-5.3% | Growth Revenue=+6.4%

Additional Sources for UMC Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle