(UMC) United Microelectronics - Overview
Sector: Technology | Industry: Semiconductors | Exchange: NYSE (USA) | Market Cap: 42.688m USD | Total Return: 136% in 12m
Integrated Circuits, Wafer Fabrication, Semiconductor Foundry, Mask Tooling
Total Rating 72
Safety 93
Buy Signal 1.24
Semiconductors
Industry Rotation: +1.6
Industry Rotation: +1.6
Market Cap:
42.7B
Avg Turnover: 222M
Avg Turnover: 222M
Risk 3d forecast
Volatility45.4%
VaR 5th Pctl7.35%
VaR vs Median-1.75%
Reward TTM
Sharpe Ratio2.02
Rel. Str. IBD97.2
Rel. Str. Peer Group66.4
Character TTM
Beta0.903
Beta Downside0.413
Hurst Exponent0.506
Drawdowns 3y
Max DD36.00%
CAGR/Max DD1.10
CAGR/Mean DD3.19
EPS (Earnings per Share)
EPS CAGR: -9.14%
EPS Trend: -67.1%
EPS Trend: -67.1%
Last SUE: 1.86
Qual. Beats: 1
Qual. Beats: 1
Revenue
Rev. CAGR: -4.33%
Rev. Trend: -36.4%
Rev. Trend: -36.4%
Last SUE: -0.01
Qual. Beats: 0
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Leader, Tailwind, Confidence
Description: UMC United Microelectronics
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
Piotroski VR‑10 (Strict)
7.5
| Net Income: 50.11b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 4.80 > 1.0 |
| NWC/Revenue: 56.84% < 20% (prev 50.72%; Δ 6.12% < -1%) |
| CFO/TA 0.16 > 3% & CFO 97.78b > Net Income 50.11b |
| Net Debt (-52.28b) to EBITDA (119.50b): -0.44 < 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 0.32%; Δ 2.93k% > 0.5%) |
| Asset Turnover: 41.05% > 50% (prev 41.11%; Δ -0.06% > 0%) |
| Interest Coverage Ratio: 37.36 > 6 (EBITDA TTM 119.50b / Interest Expense TTM 1.55b) |
Altman Z''
5.41
| A: 0.23 (Total Current Assets 216.44b - Total Current Liabilities 79.61b) / Total Assets 599.93b |
| B: 0.35 (Retained Earnings 207.60b / Total Assets 599.93b) |
| C: 0.10 (EBIT TTM 58.06b / Avg Total Assets 586.45b) |
| D: 2.02 (Book Value of Equity 390.89b / Total Liabilities 193.20b) |
| Altman-Z'' Score: 5.41 = AAA |
Beneish M
-2.91
| DSRI: 1.03 (Receivables 39.10b/37.07b, Revenue 240.73b/235.53b) |
| GMI: 1.06 (GM 29.61% / 31.50%) |
| AQI: 1.17 (AQ_t 0.18 / AQ_t-1 0.15) |
| SGI: 1.02 (Revenue 240.73b / 235.53b) |
| TATA: -0.08 (NI 50.11b - CFO 97.78b) / TA 599.93b) |
| Beneish M-Score: -2.91 (Cap -4..+1) = A |
What is the price of UMC shares?
As of May 20, 2026, the stock is trading at USD 17.58 with a total of 19,706,922 shares traded.
Over the past week, the price has changed by +9.46%, over one month by +39.08%, over three months by +73.54% and over the past year by +136.01%.
Over the past week, the price has changed by +9.46%, over one month by +39.08%, over three months by +73.54% and over the past year by +136.01%.
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?
| Analysts Target Price | 10.4 | -41.1% |
United Microelectronics (UMC) - Fundamental Data Overview
as of 15 May 2026
Market Cap TWD = 1347.27b (42.69b USD * 31.561 USD.TWD)P/E Trailing = 26.97
P/E Forward = 20.5339
P/S = 0.1773
P/B = 2.9968
P/EG = 1.1535
Revenue TTM = 240.73b TWD
EBIT TTM = 58.06b TWD
EBITDA TTM = 119.50b TWD
Long Term Debt = 47.17b TWD (from longTermDebt, last quarter)
Short Term Debt = 4.22b TWD (from shortTermDebt, last quarter)
Debt = 56.74b TWD (from shortLongTermDebtTotal, last quarter)
Net Debt = -52.28b TWD (from netDebt column, last quarter)
Enterprise Value = 1269.74b TWD (1347.27b + Debt 56.74b - CCE 134.26b)
Interest Coverage Ratio = 37.36 (Ebit TTM 58.06b / Interest Expense TTM 1.55b)
EV/FCF = 25.32x (Enterprise Value 1269.74b / FCF TTM 50.15b)
FCF Yield = 3.95% (FCF TTM 50.15b / Enterprise Value 1269.74b)
FCF Margin = 20.83% (FCF TTM 50.15b / Revenue TTM 240.73b)
Net Margin = 20.82% (Net Income TTM 50.11b / Revenue TTM 240.73b)
Gross Margin = 29.61% ((Revenue TTM 240.73b - Cost of Revenue TTM 169.45b) / Revenue TTM)
Gross Margin QoQ = 29.19% (prev 30.67%)
Tobins Q-Ratio = 2.12 (Enterprise Value 1269.74b / Total Assets 599.93b)
Interest Expense / Debt = 0.62% (Interest Expense 354.1m / Debt 56.74b)
Taxrate = 3.17% (526.8m / 16.64b)
NOPAT = 56.22b (EBIT 58.06b * (1 - 3.17%))
Current Ratio = 2.72 (Total Current Assets 216.44b / Total Current Liabilities 79.61b)
Debt / Equity = 0.14 (Debt 56.74b / totalStockholderEquity, last quarter 406.70b)
Debt / EBITDA = -0.44 (Net Debt -52.28b / EBITDA 119.50b)
Debt / FCF = -1.04 (Net Debt -52.28b / FCF TTM 50.15b)
Total Stockholder Equity = 371.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.54% (Net Income 50.11b / Total Assets 599.93b)
RoE = 13.50% (Net Income TTM 50.11b / Total Stockholder Equity 371.10b)
RoCE = 13.88% (EBIT 58.06b / Capital Employed (Equity 371.10b + L.T.Debt 47.17b))
RoIC = 13.06% (NOPAT 56.22b / Invested Capital 430.41b)
WACC = 8.81% (E(1347.27b)/V(1404.00b) * Re(9.16%) + D(56.74b)/V(1404.00b) * Rd(0.62%) * (1-Tc(0.03)))
Discount Rate = 9.16% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -4.60 | Cagr: -0.16%
[DCF] Terminal Value 67.04% ; FCFF base≈38.25b ; Y1≈25.11b ; Y5≈11.48b
[DCF] Fair Price = 99.98 (EV 198.90b - Net Debt -52.28b = Equity 251.18b / Shares 2.51b; r=8.81% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -67.11 | EPS CAGR: -9.14% | SUE: 1.86 | # QB: 1
Revenue Correlation: -36.35 | Revenue CAGR: -4.33% | 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=+21.52% | Revisions=+33% | GrowthEPS=+30.2% | GrowthRev=+14.3%
EPS next Year (2027-12-31): EPS=0.80 | Chg30d=+6.96% | Revisions=+0% | GrowthEPS=+15.8% | GrowthRev=+12.3%
[Analyst] Revisions Ratio: +33%