United Microelectronics

2303: New Process Platform and Margins Will Support Digital and Automotive Demand

AN

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

08 Nov 24

Updated

24 Mar 26

Views

64

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

74.3%

7D

26.6%

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1Y

74.3%

7D

26.6%

You can edit this narrative until Mar 25 2:10 PM. Then, changes will post as Updates.

Author's Valuation

NT$62.0526.7% overvalued

AnalystConsensusTarget Fair Value

Shared on 24 Mar 26

Fair value Increased 1.19%

2303: AI Photonics And Auto Partnerships Will Support Steady Long Term Returns

Analysts have nudged their price target for United Microelectronics higher to reflect a revised fair value estimate of NT$62.05, supported by updated assumptions on discount rate, revenue growth, profit margins, and future P/E multiples. What's in the News HyperLight, United Microelectronics, Wavetek Microelectronics, and Jabil agreed to collaborate on deploying thin film lithium niobate photonics for hyperscale AI data center interconnects.

4 views

Shared on 10 Mar 26

Fair value Increased 1.35%

2303: Auto Partnerships And New Leadership Will Support Steady Long Term Returns

Analysts have raised their price target for United Microelectronics to NT$61.32 from NT$60.50, reflecting updated assumptions around revenue growth, profit margins, discount rates and future P/E. What's in the News The Board of Directors approved the appointment of Co President Jason Wang as the new Chief Executive Officer, signaling a leadership change at the top level of the company (Key Developments).

2 views

Shared on 10 Feb 26

Fair value Increased 25%

2303: Auto Chip Partnerships Will Support Steady Returns Despite Measured Outlook

Analysts have lifted their fair value estimate for United Microelectronics from US$48.31 to US$60.50. This reflects updated views on discount rate assumptions, revenue growth, profit margins, and future P/E levels.

1 view

Shared on 26 Jan 26

Fair value Increased 2.83%

2303: Weaker Revenue Outlook Will Offset Manufacturing Wins And Pressure Returns

The analyst price target for United Microelectronics has shifted from US$46.98 to US$48.31. This change reflects updated assumptions from analysts around revenue growth, profit margins, the discount rate, and future P/E levels.

7 views

Shared on 30 Oct 25

Fair value Increased 2.42%

Analysts have raised their price target for United Microelectronics from $45.87 to $46.98. This change is attributed to updated expectations for stronger revenue growth and improved profit margins.

1 view

Shared on 01 May 25

Fair value Decreased 1.98%

1 view

Shared on 23 Apr 25

Fair value Increased 0.19%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 17 Apr 25

Fair value Decreased 0.83%

AnalystConsensusTarget has decreased revenue growth from 10.7% to 8.7%.

1 view

Shared on 09 Apr 25

Fair value Decreased 0.021%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 02 Apr 25

Fair value Increased 1.40%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 26 Mar 25

Fair value Increased 1.29%

AnalystConsensusTarget has decreased revenue growth from 11.9% to 10.7%.

0 views

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

0 views

Shared on 12 Mar 25

Fair value Decreased 2.59%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

1 view

Valuator

Company Info

Notes

AnalystConsensusTarget Fair Value

NT$62.05

26.7% overvalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

%

Decrease

Increase

Forecast revenue growth rate

7.70%

Historical revenue growth rate

3.29%

Semiconductors revenue growth rate

1.42%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

9.54%

Calculation

NT$71.21b

Earnings '29

x

14.59x

PE Ratio '29

=

NT$1.04t

Market Cap '29

NT$1.04t

Market Cap '29

/

12.68b

No. shares '29

=

NT$81.96

Share Price '29

NT$81.96 Share Price '29

Discounted to 2026 @ 9.72% p.a.

=

NT$62.05

Fair Value '26