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
|Historical stock prices|
|Current Share Price||NT$61.90|
|52 Week High||NT$29.40|
|52 Week Low||NT$72.00|
|1 Month Change||-6.64%|
|3 Month Change||13.37%|
|1 Year Change||89.59%|
|3 Year Change||424.58%|
|5 Year Change||429.06%|
|Change since IPO||2,270.43%|
Recent News & Updates
|2303||TW Semiconductor||TW Market|
Return vs Industry: 2303 exceeded the TW Semiconductor industry which returned 41% over the past year.
Return vs Market: 2303 exceeded the TW Market which returned 32.8% over the past year.
Stable Share Price: 2303 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 2303's weekly volatility (6%) has been stable over the past year.
About the Company
|1980||19,577||Jason S. Wang||https://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. It operates through Wafer Fabrication and New Business segments. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services.
United Microelectronics Fundamentals Summary
|2303 fundamental statistics|
Is 2303 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2303 income statement (TTM)|
|Cost of Revenue||NT$139.15b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 27, 2021
|Earnings per share (EPS)||2.93|
|Net Profit Margin||19.31%|
How did 2303 perform over the long term?See historical performance and comparison
2.6%Current Dividend Yield
Is United Microelectronics undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2303 (NT$61.9) is trading below our estimate of fair value (NT$70.19)
Significantly Below Fair Value: 2303 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 2303 is poor value based on its PE Ratio (21.1x) compared to the TW Semiconductor industry average (20.8x).
PE vs Market: 2303 is poor value based on its PE Ratio (21.1x) compared to the TW market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: 2303's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 2303 is overvalued based on its PB Ratio (3.2x) compared to the TW Semiconductor industry average (2.9x).
How is United Microelectronics forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2303's earnings are forecast to decline over the next 3 years (-0.4% per year).
Earnings vs Market: 2303's earnings are forecast to decline over the next 3 years (-0.4% per year).
High Growth Earnings: 2303's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 2303's revenue (7.6% per year) is forecast to grow slower than the TW market (9.9% per year).
High Growth Revenue: 2303's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2303's Return on Equity is forecast to be low in 3 years time (15%).
How has United Microelectronics performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2303 has high quality earnings.
Growing Profit Margin: 2303's current net profit margins (19.3%) are higher than last year (8.5%).
Past Earnings Growth Analysis
Earnings Trend: 2303's earnings have grown significantly by 28.7% per year over the past 5 years.
Accelerating Growth: 2303's earnings growth over the past year (157.7%) exceeds its 5-year average (28.7% per year).
Earnings vs Industry: 2303 earnings growth over the past year (157.7%) exceeded the Semiconductor industry 58%.
Return on Equity
High ROE: 2303's Return on Equity (14.7%) is considered low.
How is United Microelectronics's financial position?
Financial Position Analysis
Short Term Liabilities: 2303's short term assets (NT$207.8B) exceed its short term liabilities (NT$85.0B).
Long Term Liabilities: 2303's short term assets (NT$207.8B) exceed its long term liabilities (NT$96.5B).
Debt to Equity History and Analysis
Debt Level: 2303's debt to equity ratio (29.4%) is considered satisfactory.
Reducing Debt: 2303's debt to equity ratio has reduced from 33.8% to 29.4% over the past 5 years.
Debt Coverage: 2303's debt is well covered by operating cash flow (107.6%).
Interest Coverage: 2303's interest payments on its debt are well covered by EBIT (25.9x coverage).
What is United Microelectronics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2303's dividend (2.58%) is higher than the bottom 25% of dividend payers in the TW market (1.97%).
High Dividend: 2303's dividend (2.58%) is low compared to the top 25% of dividend payers in the TW market (5.24%).
Stability and Growth of Payments
Stable Dividend: 2303's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2303's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.6%), 2303's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2303's dividends in 3 years are forecast to be covered by earnings (84.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jason S. Wang (58 yo)
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...
Experienced Management: 2303's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: 2303's board of directors are considered experienced (5.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
United Microelectronics Corporation's employee growth, exchange listings and data sources
- Name: United Microelectronics Corporation
- Ticker: 2303
- Exchange: TWSE
- Founded: 1980
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: NT$768.005b
- Shares outstanding: 12.41b
- Website: https://www.umc.com
Number of Employees
- United Microelectronics Corporation
- Hsinchu Science Park
- No. 3 Li-Hsin Road II
- Hsinchu City
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/27 15:31|
|End of Day Share Price||2021/10/27 00:00|
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.