(UMC) United Microelectronics - Overview
Exchange: NYSE •
Country: Taiwan •
Currency: USD •
Type: Common Stock •
ISIN: US9108734057
Stock: Wafer Foundry, Integrated Circuits, Backend Services, Design Support
Total Rating 60
Risk 92
Buy Signal -0.45
| Risk 5d forecast | |
|---|---|
| Volatility | 32.4% |
| Relative Tail Risk | -11.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.99 |
| Alpha | 28.44 |
| Character TTM | |
|---|---|
| Beta | 0.739 |
| Beta Downside | 0.515 |
| Drawdowns 3y | |
|---|---|
| Max DD | 36.00% |
| CAGR/Max DD | 0.24 |
EPS (Earnings per Share)
Revenue
Description: UMC United Microelectronics March 05, 2026
United Microelectronics Corporation (UMC) is a Taiwanese semiconductor wafer foundry. The company manufactures and sells integrated circuits globally, with a significant presence in Asia, the US, and Europe.
UMC provides backend and design support services for various markets, including mobile communications, IoT, computing, and automotive. This business model involves fabricating chips designed by other companies, a common practice in the semiconductor industry.
Beyond its core foundry operations, UMC also engages in diverse activities such as venture capital, consulting, energy technical services, and insurance. To gain a deeper understanding of UMCs financial health and market position, consider exploring its detailed analytics on ValueRay.
Headlines to watch out for
- Global semiconductor demand impacts wafer foundry utilization
- Geopolitical tensions between US and China create supply chain risks
- Automotive and IoT sector growth boosts specialty process demand
- Foundry capacity expansion drives capital expenditure needs
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 41.72b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 8.32 > 1.0 |
| NWC/Revenue: 48.78% < 20% (prev 49.25%; Δ -0.47% < -1%) |
| CFO/TA 0.17 > 3% & CFO 99.63b > Net Income 41.72b |
| Net Debt (-32.31b) to EBITDA (110.37b): -0.29 < 3 |
| Current Ratio: 2.30 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.50b) vs 12m ago 0.05% < -2% |
| Gross Margin: 29.01% > 18% (prev 0.33%; Δ 2.87k% > 0.5%) |
| Asset Turnover: 41.34% > 50% (prev 40.74%; Δ 0.60% > 0%) |
| Interest Coverage Ratio: 32.02 > 6 (EBITDA TTM 110.37b / Interest Expense TTM 1.59b) |
Altman Z'' 5.17
| A: 0.20 (Total Current Assets 204.78b - Total Current Liabilities 88.90b) / Total Assets 579.00b |
| B: 0.41 (Retained Earnings 238.48b / Total Assets 579.00b) |
| C: 0.09 (EBIT TTM 50.79b / Avg Total Assets 574.60b) |
| D: 1.83 (Book Value of Equity 364.36b / Total Liabilities 199.14b) |
| Altman-Z'' Score: 5.17 = AAA |
Beneish M -3.00
| DSRI: 0.99 (Receivables 34.50b/33.97b, Revenue 237.55b/232.30b) |
| GMI: 1.12 (GM 29.01% / 32.57%) |
| AQI: 1.01 (AQ_t 0.16 / AQ_t-1 0.16) |
| SGI: 1.02 (Revenue 237.55b / 232.30b) |
| TATA: -0.10 (NI 41.72b - CFO 99.63b) / TA 579.00b) |
| Beneish M-Score: -3.00 (Cap -4..+1) = AA |
What is the price of UMC shares?
As of March 21, 2026, the stock is trading at USD 9.12 with a total of 6,234,822 shares traded.
Over the past week, the price has changed by -1.62%, over one month by -12.31%, over three months by +12.18% and over the past year by +44.08%.
Over the past week, the price has changed by -1.62%, over one month by -12.31%, over three months by +12.18% and over the past year by +44.08%.
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.
- StrongBuy: 1
- Buy: 0
- Hold: 3
- Sell: 2
- StrongSell: 0
What are the forecasts/targets for the UMC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 8.2 | -10.4% |
| Analysts Target Price | 8.2 | -10.4% |
UMC Fundamental Data Overview March 17, 2026
Market Cap TWD = 745.80b (23.38b USD * 31.899 USD.TWD)
P/E Trailing = 17.8269
P/E Forward = 13.6426
P/S = 0.0984
P/B = 1.9568
P/EG = 0.8646
Revenue TTM = 237.55b TWD
EBIT TTM = 50.79b TWD
EBITDA TTM = 110.37b TWD
Long Term Debt = 45.37b TWD (from longTermDebt, last quarter)
Short Term Debt = 9.03b TWD (from shortTermDebt, last quarter)
Debt = 78.34b TWD (from shortLongTermDebtTotal, last quarter)
Net Debt = -32.31b TWD (from netDebt column, last quarter)
Enterprise Value = 695.78b TWD (745.80b + Debt 78.34b - CCE 128.37b)
Interest Coverage Ratio = 32.02 (Ebit TTM 50.79b / Interest Expense TTM 1.59b)
EV/FCF = 13.72x (Enterprise Value 695.78b / FCF TTM 50.72b)
FCF Yield = 7.29% (FCF TTM 50.72b / Enterprise Value 695.78b)
FCF Margin = 21.35% (FCF TTM 50.72b / Revenue TTM 237.55b)
Net Margin = 17.56% (Net Income TTM 41.72b / Revenue TTM 237.55b)
Gross Margin = 29.01% ((Revenue TTM 237.55b - Cost of Revenue TTM 168.65b) / Revenue TTM)
Gross Margin QoQ = 30.67% (prev 29.81%)
Tobins Q-Ratio = 1.20 (Enterprise Value 695.78b / Total Assets 579.00b)
Interest Expense / Debt = 0.49% (Interest Expense 385.5m / Debt 78.34b)
Taxrate = 35.50% (5.50b / 15.50b)
NOPAT = 32.76b (EBIT 50.79b * (1 - 35.50%))
Current Ratio = 2.30 (Total Current Assets 204.78b / Total Current Liabilities 88.90b)
Debt / Equity = 0.21 (Debt 78.34b / totalStockholderEquity, last quarter 379.77b)
Debt / EBITDA = -0.29 (Net Debt -32.31b / EBITDA 110.37b)
Debt / FCF = -0.64 (Net Debt -32.31b / FCF TTM 50.72b)
Total Stockholder Equity = 367.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.26% (Net Income 41.72b / Total Assets 579.00b)
RoE = 11.36% (Net Income TTM 41.72b / Total Stockholder Equity 367.08b)
RoCE = 12.31% (EBIT 50.79b / Capital Employed (Equity 367.08b + L.T.Debt 45.37b))
RoIC = 7.68% (NOPAT 32.76b / Invested Capital 426.48b)
WACC = 7.85% (E(745.80b)/V(824.15b) * Re(8.64%) + D(78.34b)/V(824.15b) * Rd(0.49%) * (1-Tc(0.36)))
Discount Rate = 8.64% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.17%
[DCF] Terminal Value 70.92% ; FCFF base≈31.44b ; Y1≈20.64b ; Y5≈9.42b
[DCF] Fair Price = 88.00 (EV 189.23b - Net Debt -32.31b = Equity 221.55b / Shares 2.52b; r=7.85% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -81.17 | EPS CAGR: -18.50% | SUE: -0.27 | # QB: 0
Revenue Correlation: -43.20 | Revenue CAGR: -0.68% | SUE: 0.03 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.14 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+2 | Analysts=2
EPS current Year (2026-12-31): EPS=0.57 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=+7.2% | Growth Revenue=+9.5%
EPS next Year (2027-12-31): EPS=0.75 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=+31.6% | Growth Revenue=+8.8%
[Analyst] Revisions Ratio: +1.00 (2 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.0% (Discount Rate 8.6% - Earnings Yield 5.6%)
[Growth] Growth Spread = +5.8% (Analyst 8.9% - Implied 3.0%)
P/E Trailing = 17.8269
P/E Forward = 13.6426
P/S = 0.0984
P/B = 1.9568
P/EG = 0.8646
Revenue TTM = 237.55b TWD
EBIT TTM = 50.79b TWD
EBITDA TTM = 110.37b TWD
Long Term Debt = 45.37b TWD (from longTermDebt, last quarter)
Short Term Debt = 9.03b TWD (from shortTermDebt, last quarter)
Debt = 78.34b TWD (from shortLongTermDebtTotal, last quarter)
Net Debt = -32.31b TWD (from netDebt column, last quarter)
Enterprise Value = 695.78b TWD (745.80b + Debt 78.34b - CCE 128.37b)
Interest Coverage Ratio = 32.02 (Ebit TTM 50.79b / Interest Expense TTM 1.59b)
EV/FCF = 13.72x (Enterprise Value 695.78b / FCF TTM 50.72b)
FCF Yield = 7.29% (FCF TTM 50.72b / Enterprise Value 695.78b)
FCF Margin = 21.35% (FCF TTM 50.72b / Revenue TTM 237.55b)
Net Margin = 17.56% (Net Income TTM 41.72b / Revenue TTM 237.55b)
Gross Margin = 29.01% ((Revenue TTM 237.55b - Cost of Revenue TTM 168.65b) / Revenue TTM)
Gross Margin QoQ = 30.67% (prev 29.81%)
Tobins Q-Ratio = 1.20 (Enterprise Value 695.78b / Total Assets 579.00b)
Interest Expense / Debt = 0.49% (Interest Expense 385.5m / Debt 78.34b)
Taxrate = 35.50% (5.50b / 15.50b)
NOPAT = 32.76b (EBIT 50.79b * (1 - 35.50%))
Current Ratio = 2.30 (Total Current Assets 204.78b / Total Current Liabilities 88.90b)
Debt / Equity = 0.21 (Debt 78.34b / totalStockholderEquity, last quarter 379.77b)
Debt / EBITDA = -0.29 (Net Debt -32.31b / EBITDA 110.37b)
Debt / FCF = -0.64 (Net Debt -32.31b / FCF TTM 50.72b)
Total Stockholder Equity = 367.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.26% (Net Income 41.72b / Total Assets 579.00b)
RoE = 11.36% (Net Income TTM 41.72b / Total Stockholder Equity 367.08b)
RoCE = 12.31% (EBIT 50.79b / Capital Employed (Equity 367.08b + L.T.Debt 45.37b))
RoIC = 7.68% (NOPAT 32.76b / Invested Capital 426.48b)
WACC = 7.85% (E(745.80b)/V(824.15b) * Re(8.64%) + D(78.34b)/V(824.15b) * Rd(0.49%) * (1-Tc(0.36)))
Discount Rate = 8.64% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.17%
[DCF] Terminal Value 70.92% ; FCFF base≈31.44b ; Y1≈20.64b ; Y5≈9.42b
[DCF] Fair Price = 88.00 (EV 189.23b - Net Debt -32.31b = Equity 221.55b / Shares 2.52b; r=7.85% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -81.17 | EPS CAGR: -18.50% | SUE: -0.27 | # QB: 0
Revenue Correlation: -43.20 | Revenue CAGR: -0.68% | SUE: 0.03 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.14 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+2 | Analysts=2
EPS current Year (2026-12-31): EPS=0.57 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=+7.2% | Growth Revenue=+9.5%
EPS next Year (2027-12-31): EPS=0.75 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=+31.6% | Growth Revenue=+8.8%
[Analyst] Revisions Ratio: +1.00 (2 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.0% (Discount Rate 8.6% - Earnings Yield 5.6%)
[Growth] Growth Spread = +5.8% (Analyst 8.9% - Implied 3.0%)