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UMCB

United Microelectronics DB:UMCB Stock Report

Last Price

NT$7.66

Market Cap

NT$19.2b

7D

-2.5%

1Y

9.4%

Updated

12 May, 2022

Data

Company Financials +
UMCB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends0/6

UMCB Stock Overview

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally.

United Microelectronics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for United Microelectronics
Historical stock prices
Current Share PriceNT$7.66
52 Week HighNT$11.80
52 Week LowNT$6.50
Beta1.07
1 Month Change2.41%
3 Month Change-9.35%
1 Year Change9.43%
3 Year Change323.20%
5 Year Change329.13%
Change since IPO-33.68%

Recent News & Updates

Shareholder Returns

UMCBDE SemiconductorDE Market
7D-2.5%-2.4%-2.0%
1Y9.4%-11.1%-11.8%

Return vs Industry: UMCB exceeded the German Semiconductor industry which returned -11.1% over the past year.

Return vs Market: UMCB exceeded the German Market which returned -11.8% over the past year.

Price Volatility

Is UMCB's price volatile compared to industry and market?
UMCB volatility
UMCB Average Weekly Movement6.5%
Semiconductor Industry Average Movement7.2%
Market Average Movement6.4%
10% most volatile stocks in DE Market10.7%
10% least volatile stocks in DE Market3.6%

Stable Share Price: UMCB is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: UMCB's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1980n/aJason S. Wanghttps://www.umc.com

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.

United Microelectronics Fundamentals Summary

How do United Microelectronics's earnings and revenue compare to its market cap?
UMCB fundamental statistics
Market CapNT$596.65b
Earnings (TTM)NT$65.16b
Revenue (TTM)NT$229.34b

9.2x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UMCB income statement (TTM)
RevenueNT$229.34b
Cost of RevenueNT$142.28b
Gross ProfitNT$87.06b
Other ExpensesNT$21.90b
EarningsNT$65.16b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.22
Gross Margin37.96%
Net Profit Margin28.41%
Debt/Equity Ratio24.0%

How did UMCB perform over the long term?

See historical performance and comparison

Valuation

Is United Microelectronics undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


44.6%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: UMCB (€7.66) is trading below our estimate of fair value (€13.84)

Significantly Below Fair Value: UMCB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UMCB is good value based on its PE Ratio (9.2x) compared to the German Semiconductor industry average (17.8x).

PE vs Market: UMCB is good value based on its PE Ratio (9.2x) compared to the German market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: UMCB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: UMCB is good value based on its PB Ratio (2x) compared to the DE Semiconductor industry average (2.8x).


Future Growth

How is United Microelectronics forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-14.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UMCB's earnings are forecast to decline over the next 3 years (-14.3% per year).

Earnings vs Market: UMCB's earnings are forecast to decline over the next 3 years (-14.3% per year).

High Growth Earnings: UMCB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: UMCB's revenue (1.1% per year) is forecast to grow slower than the German market (5.3% per year).

High Growth Revenue: UMCB's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UMCB's Return on Equity is forecast to be high in 3 years time (20.3%)


Past Performance

How has United Microelectronics performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


45.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UMCB has high quality earnings.

Growing Profit Margin: UMCB's current net profit margins (28.4%) are higher than last year (20.6%).


Past Earnings Growth Analysis

Earnings Trend: UMCB's earnings have grown significantly by 45.4% per year over the past 5 years.

Accelerating Growth: UMCB's earnings growth over the past year (74.2%) exceeds its 5-year average (45.4% per year).

Earnings vs Industry: UMCB earnings growth over the past year (74.2%) underperformed the Semiconductor industry 79.5%.


Return on Equity

High ROE: UMCB's Return on Equity (21.6%) is considered high.


Financial Health

How is United Microelectronics's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: UMCB's short term assets (NT$249.7B) exceed its short term liabilities (NT$93.1B).

Long Term Liabilities: UMCB's short term assets (NT$249.7B) exceed its long term liabilities (NT$87.5B).


Debt to Equity History and Analysis

Debt Level: UMCB has more cash than its total debt.

Reducing Debt: UMCB's debt to equity ratio has reduced from 45.5% to 24% over the past 5 years.

Debt Coverage: UMCB's debt is well covered by operating cash flow (140.7%).

Interest Coverage: UMCB's interest payments on its debt are well covered by EBIT (49.3x coverage).


Balance Sheet


Dividend

What is United Microelectronics's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.24%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate UMCB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate UMCB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if UMCB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if UMCB's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: UMCB is not paying a notable dividend for the German market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as UMCB has not reported any payouts.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.9yrs

Average management tenure


CEO

Jason S. Wang (58 yo)

4.92yrs

Tenure

Mr. Jason S. Wang has been Co-President of United Microelectronics Corporation since June 14, 2017. Mr. Wang served as a Senior Vice President of United Microelectronics Corporation since November 2014 unt...


Leadership Team

Experienced Management: UMCB's management team is seasoned and experienced (5.9 years average tenure).


Board Members

Experienced Board: UMCB's board of directors are considered experienced (6.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

United Microelectronics Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: United Microelectronics Corporation
  • Ticker: UMCB
  • Exchange: DB
  • Founded: 1980
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: NT$596.646b
  • Listing Market Cap: NT$19.193b
  • Shares outstanding: 12.48b
  • Website: https://www.umc.com

Number of Employees


Location

  • United Microelectronics Corporation
  • Hsinchu Science Park
  • No. 3 Li-Hsin Road II
  • Hsinchu City
  • 30078
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/12 00:00
End of Day Share Price2022/05/11 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.