(UMC) United Microelectronics - Overview
Exchange: NYSE •
Country: Taiwan •
Currency: USD •
Type: Common Stock •
ISIN: US9108734057
Stock: Semiconductor, Wafers, Integrated Circuits, Foundry Services
Total Rating 65
Risk 98
Buy Signal -0.09
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 6.12% |
| Yield on Cost 5y | 6.39% |
| Yield CAGR 5y | 14.10% |
| Payout Consistency | 73.5% |
| Payout Ratio | 75.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 32.1% |
| Relative Tail Risk | -8.74% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.50 |
| Alpha | 63.57 |
| Character TTM | |
|---|---|
| Beta | 0.791 |
| Beta Downside | 0.276 |
| Drawdowns 3y | |
|---|---|
| Max DD | 36.00% |
| CAGR/Max DD | 0.38 |
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) 7.5
| Net Income: 41.72b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 5.44 > 1.0 |
| NWC/Revenue: 46.55% < 20% (prev 45.34%; Δ 1.21% < -1%) |
| CFO/TA 0.30 > 3% & CFO 166.73b > Net Income 41.72b |
| Net Debt (-28.31b) to EBITDA (78.92b): -0.36 < 3 |
| Current Ratio: 2.34 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.52b) vs 12m ago 0.16% < -2% |
| Gross Margin: 29.01% > 18% (prev 0.33%; Δ 2868 % > 0.5%) |
| Asset Turnover: 42.06% > 50% (prev 40.45%; Δ 1.61% > 0%) |
| Interest Coverage Ratio: 29.39 > 6 (EBITDA TTM 78.92b / Interest Expense TTM 1.20b) |
Altman Z'' 4.66
| A: 0.20 (Total Current Assets 192.85b - Total Current Liabilities 82.28b) / Total Assets 555.40b |
| B: 0.33 (Retained Earnings 181.24b / Total Assets 555.40b) |
| C: 0.06 (EBIT TTM 35.29b / Avg Total Assets 564.84b) |
| D: 1.78 (Book Value of Equity 346.07b / Total Liabilities 194.20b) |
| Altman-Z'' Score: 4.66 = AA |
Beneish M -3.20
| DSRI: 0.93 (Receivables 34.64b/36.48b, Revenue 237.55b/232.30b) |
| GMI: 1.12 (GM 29.01% / 32.57%) |
| AQI: 0.98 (AQ_t 0.16 / AQ_t-1 0.16) |
| SGI: 1.02 (Revenue 237.55b / 232.30b) |
| TATA: -0.23 (NI 41.72b - CFO 166.73b) / TA 555.40b) |
| Beneish M-Score: -3.20 (Cap -4..+1) = AA |
What is the price of UMC shares?
As of February 07, 2026, the stock is trading at USD 10.06 with a total of 14,591,929 shares traded.
Over the past week, the price has changed by -1.18%, over one month by +23.89%, over three months by +37.62% and over the past year by +77.09%.
Over the past week, the price has changed by -1.18%, over one month by +23.89%, over three months by +37.62% and over the past year by +77.09%.
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 | -18.8% |
| Analysts Target Price | 8.2 | -18.8% |
| ValueRay Target Price | 11.9 | 18% |
UMC Fundamental Data Overview January 31, 2026
Market Cap TWD = 817.66b (25.84b USD * 31.639 USD.TWD)
P/E Trailing = 19.0093
P/E Forward = 17.301
P/S = 0.1088
P/B = 2.2968
P/EG = 2.0348
Revenue TTM = 237.55b TWD
EBIT TTM = 35.29b TWD
EBITDA TTM = 78.92b 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 = 819.98b TWD (817.66b + Debt 75.91b - CCE 73.59b)
Interest Coverage Ratio = 29.39 (Ebit TTM 35.29b / Interest Expense TTM 1.20b)
EV/FCF = 25.10x (Enterprise Value 819.98b / FCF TTM 32.67b)
FCF Yield = 3.98% (FCF TTM 32.67b / Enterprise Value 819.98b)
FCF Margin = 13.75% (FCF TTM 32.67b / 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 = 1.48 (Enterprise Value 819.98b / Total Assets 555.40b)
Interest Expense / Debt = 0.60% (Interest Expense 454.1m / Debt 75.91b)
Taxrate = 35.50% (5.50b / 15.50b)
NOPAT = 22.76b (EBIT 35.29b * (1 - 35.50%))
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 = -0.36 (Net Debt -28.31b / EBITDA 78.92b)
Debt / FCF = -0.87 (Net Debt -28.31b / FCF TTM 32.67b)
Total Stockholder Equity = 366.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.39% (Net Income 41.72b / Total Assets 555.40b)
RoE = 11.38% (Net Income TTM 41.72b / Total Stockholder Equity 366.62b)
RoCE = 8.39% (EBIT 35.29b / Capital Employed (Equity 366.62b + L.T.Debt 53.76b))
RoIC = 5.35% (NOPAT 22.76b / Invested Capital 425.47b)
WACC = 8.11% (E(817.66b)/V(893.57b) * Re(8.83%) + D(75.91b)/V(893.57b) * Rd(0.60%) * (1-Tc(0.36)))
Discount Rate = 8.83% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.20%
[DCF Debug] Terminal Value 69.71% ; FCFF base≈20.61b ; Y1≈13.53b ; Y5≈6.17b
Fair Price DCF = 58.26 (EV 118.36b - Net Debt -28.31b = Equity 146.67b / Shares 2.52b; r=8.11% [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 (2026-03-31): EPS=0.13 | Chg30d=+0.019 | Revisions Net=+1 | Analysts=2
EPS current Year (2026-12-31): EPS=0.57 | Chg30d=+0.046 | Revisions Net=+1 | Growth EPS=+7.2% | Growth Revenue=+8.9%
EPS next Year (2027-12-31): EPS=0.75 | Chg30d=+0.221 | Revisions Net=+1 | Growth EPS=+31.6% | Growth Revenue=+8.9%
P/E Trailing = 19.0093
P/E Forward = 17.301
P/S = 0.1088
P/B = 2.2968
P/EG = 2.0348
Revenue TTM = 237.55b TWD
EBIT TTM = 35.29b TWD
EBITDA TTM = 78.92b 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 = 819.98b TWD (817.66b + Debt 75.91b - CCE 73.59b)
Interest Coverage Ratio = 29.39 (Ebit TTM 35.29b / Interest Expense TTM 1.20b)
EV/FCF = 25.10x (Enterprise Value 819.98b / FCF TTM 32.67b)
FCF Yield = 3.98% (FCF TTM 32.67b / Enterprise Value 819.98b)
FCF Margin = 13.75% (FCF TTM 32.67b / 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 = 1.48 (Enterprise Value 819.98b / Total Assets 555.40b)
Interest Expense / Debt = 0.60% (Interest Expense 454.1m / Debt 75.91b)
Taxrate = 35.50% (5.50b / 15.50b)
NOPAT = 22.76b (EBIT 35.29b * (1 - 35.50%))
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 = -0.36 (Net Debt -28.31b / EBITDA 78.92b)
Debt / FCF = -0.87 (Net Debt -28.31b / FCF TTM 32.67b)
Total Stockholder Equity = 366.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.39% (Net Income 41.72b / Total Assets 555.40b)
RoE = 11.38% (Net Income TTM 41.72b / Total Stockholder Equity 366.62b)
RoCE = 8.39% (EBIT 35.29b / Capital Employed (Equity 366.62b + L.T.Debt 53.76b))
RoIC = 5.35% (NOPAT 22.76b / Invested Capital 425.47b)
WACC = 8.11% (E(817.66b)/V(893.57b) * Re(8.83%) + D(75.91b)/V(893.57b) * Rd(0.60%) * (1-Tc(0.36)))
Discount Rate = 8.83% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.20%
[DCF Debug] Terminal Value 69.71% ; FCFF base≈20.61b ; Y1≈13.53b ; Y5≈6.17b
Fair Price DCF = 58.26 (EV 118.36b - Net Debt -28.31b = Equity 146.67b / Shares 2.52b; r=8.11% [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 (2026-03-31): EPS=0.13 | Chg30d=+0.019 | Revisions Net=+1 | Analysts=2
EPS current Year (2026-12-31): EPS=0.57 | Chg30d=+0.046 | Revisions Net=+1 | Growth EPS=+7.2% | Growth Revenue=+8.9%
EPS next Year (2027-12-31): EPS=0.75 | Chg30d=+0.221 | Revisions Net=+1 | Growth EPS=+31.6% | Growth Revenue=+8.9%