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, Backend Support, Design Support

UMC EPS (Earnings per Share)

EPS Growth (3Y CAGR): -8.74%
EPS Trend (3Y Correlation): -66.5%

UMC Revenue

Revenue Growth (3Y CAGR): -4.87%
Revenue Trend (3Y Correlation): 0.3%

Risk via 10d forecast
Volatility	30.8%
Value at Risk 5%th	47.8%
Relative Tail Risk	-5.79%

Reward TTM
Sharpe Ratio	0.28
Alpha	-3.85

Character TTM
Hurst Exponent	0.502
Beta	0.860
Beta Downside	0.468

Drawdowns 3y
Max DD	36.00%
Mean DD	11.34%
Median DD	9.80%

Description: UMC United Microelectronics October 16, 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 fabricates integrated circuits for a broad set of end-markets-including mobile/wireless, IoT & wearables, high-performance computing, and automotive-while also offering backend, design-support, and a suite of ancillary services such as venture-capital, consulting, and solar-engineering design.

Key recent metrics (as of Q3 2024) show UMC generating ≈ $2.4 billion in revenue, with gross margins hovering around 38 % and fab capacity utilization near 85 %. The company’s 28 nm and 40 nm process nodes continue to dominate its volume business, capturing roughly 10 % of the global foundry market share in the mature-node segment, while its roadmap to 22 nm and 14 nm is aimed at addressing the growing demand for automotive-grade and AI-edge chips. Macro-level drivers include the ongoing semiconductor supply-chain tightening, the shift toward heterogeneous integration in data-center servers, and the resilience of automotive electronics spending despite broader economic headwinds.

If you want a data-rich, quantitative view of how UMC’s valuation stacks up against peers and the broader market, a quick look at ValueRay’s analyst toolkit can help you surface the most material assumptions and scenario analyses.

UMC Stock Overview

Market Cap in USD	17,948m
Sub-Industry	Semiconductors
IPO / Inception	2000-09-19
Return 12m vs S&P 500	-6.20%
Analyst Rating	3.0 of 5

UMC Dividends

Dividend Yield	6.76%
Yield on Cost 5y	11.15%
Yield CAGR 5y	35.83%
Payout Consistency	72.6%
Payout Ratio	93.9%

UMC Growth Ratios

CAGR 3y	4.89%
CAGR/Max DD Calmar Ratio	0.14
CAGR/Mean DD Pain Ratio	0.43
Current Volume	5326.1k
Average Volume	7880.5k

Piotroski VR‑10 (Strict, 0-10) 7.5

Net Income (40.12b TTM) > 0 and > 6% of Revenue (6% = 14.17b TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA 8.98pp (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 0.14 (>3.0%) and CFO 79.51b > Net Income 40.12b (YES >=105%, WARN >=100%)

Net Debt (-113.68b) to EBITDA (88.46b) ratio: -1.29 <= 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 64.07% (prev 32.00%; Δ 32.07pp) >=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 19.58 (EBITDA TTM 88.46b / Interest Expense TTM 1.66b) >= 6 (WARN >= 3)

Altman Z'' 3.74

(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) 0.93 = Book Value of Equity 181.24b / Total Liabilities 194.20b

Total Rating: 3.74 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 63.67

1. Piotroski 7.50pt = 2.50

2. FCF Yield 9.15% = 4.58

3. FCF Margin 19.69% = 4.92

4. Debt/Equity 0.20 = 2.48

5. Debt/Ebitda -1.29 = 2.50

6. ROIC - WACC (= -0.73)% = -0.91

7. RoE 10.94% = 0.91

8. Rev. Trend 0.29% = 0.02

9. EPS Trend -66.55% = -3.33

What is the price of UMC shares?

As of November 18, 2025, the stock is trading at USD 7.02 with a total of 5,326,100 shares traded.
Over the past week, the price has changed by -5.52%, over one month by -6.02%, over three months by +3.08% and over the past year by +7.45%.

Is United Microelectronics a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, United Microelectronics is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 63.67 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of UMC is around 7.10 USD . This means that UMC is currently overvalued and has a potential downside of 1.14%.

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	-7.8%
Analysts Target Price	6.5	-7.8%
ValueRay Target Price	7.9	12.4%

UMC Fundamental Data Overview November 17, 2025

Market Cap TWD = 551.21b (17.95b USD * 30.711 USD.TWD)
P/E Trailing = 13.2222
P/E Forward = 11.4286
P/S = 0.076
P/B = 1.544
P/EG = 1.3425
Beta = 0.948
Revenue TTM = 236.13b TWD
EBIT TTM = 32.49b TWD
EBITDA TTM = 88.46b TWD
Long Term Debt = 53.76b TWD (from longTermDebt, last quarter)
Short Term Debt = 16.06b TWD (from shortLongTermDebt, last quarter)
Debt = 70.47b TWD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -113.68b TWD (from netDebt column, last quarter)
Enterprise Value = 508.00b TWD (551.21b + Debt 70.47b - CCE 113.68b)
Interest Coverage Ratio = 19.58 (Ebit TTM 32.49b / Interest Expense TTM 1.66b)
FCF Yield = 9.15% (FCF TTM 46.49b / Enterprise Value 508.00b)
FCF Margin = 19.69% (FCF TTM 46.49b / Revenue TTM 236.13b)
Net Margin = 16.99% (Net Income TTM 40.12b / Revenue TTM 236.13b)
Gross Margin = 64.07% ((Revenue TTM 236.13b - Cost of Revenue TTM 84.83b) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 28.72%)
Tobins Q-Ratio = 0.91 (Enterprise Value 508.00b / Total Assets 555.40b)
Interest Expense / Debt = 0.64% (Interest Expense 454.1m / Debt 70.47b)
Taxrate = 2.05% (300.3m / 14.64b)
NOPAT = 31.82b (EBIT 32.49b * (1 - 2.05%))
Current Ratio = 2.34 (Total Current Assets 192.85b / Total Current Liabilities 82.28b)
Debt / Equity = 0.20 (Debt 70.47b / totalStockholderEquity, last quarter 361.06b)
Debt / EBITDA = -1.29 (Net Debt -113.68b / EBITDA 88.46b)
Debt / FCF = -2.45 (Net Debt -113.68b / FCF TTM 46.49b)
Total Stockholder Equity = 366.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.22% (Net Income 40.12b / Total Assets 555.40b)
RoE = 10.94% (Net Income TTM 40.12b / Total Stockholder Equity 366.62b)
RoCE = 7.73% (EBIT 32.49b / Capital Employed (Equity 366.62b + L.T.Debt 53.76b))
RoIC = 7.48% (NOPAT 31.82b / Invested Capital 425.47b)
WACC = 8.21% (E(551.21b)/V(621.67b) * Re(9.18%) + D(70.47b)/V(621.67b) * Rd(0.64%) * (1-Tc(0.02)))
Discount Rate = 9.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.20%
[DCF Debug] Terminal Value 65.49% ; FCFE base≈46.49b ; Y1≈30.52b ; Y5≈13.96b
Fair Price DCF = 91.19 (DCF Value 228.99b / Shares Outstanding 2.51b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -66.55 | EPS CAGR: -8.74% | SUE: 2.80 | # QB: 1
Revenue Correlation: 0.29 | Revenue CAGR: -4.87% | SUE: 0.01 | # QB: 0

Additional Sources for UMC Stock

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