United Microelectronics Future Growth

Future criteria checks 1/6

United Microelectronics is forecast to grow earnings and revenue by 5.6% and 9.9% per annum respectively. EPS is expected to grow by 5.6% per annum. Return on equity is forecast to be 15.4% in 3 years.

Key information

5.6%

Earnings growth rate

5.6%

EPS growth rate

Semiconductor earnings growth	19.7%
Revenue growth rate	9.9%
Future return on equity	15.4%
Analyst coverage	Good
Last updated	26 Jun 2024

Recent future growth updates

United Microelectronics Corporation (TWSE:2303) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Apr 27

Recent updates

United Microelectronics (TWSE:2303) Is Reducing Its Dividend To NT$3

Jun 14

The Market Doesn't Like What It Sees From United Microelectronics Corporation's (TWSE:2303) Earnings Yet

May 23

What Is United Microelectronics Corporation's (TWSE:2303) Share Price Doing?

May 10

United Microelectronics Corporation (TWSE:2303) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Apr 27

United Microelectronics Corporation's (TWSE:2303) Intrinsic Value Is Potentially 19% Below Its Share Price

Apr 22

Earnings and Revenue Growth Forecasts

TWSE:2303 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	298,282	60,650	48,499	135,411	9
12/31/2025	270,328	57,700	32,669	119,152	19
12/31/2024	235,233	48,374	7,733	96,361	22
3/31/2024	222,956	55,263	-13,224	79,855	N/A
12/31/2023	222,533	59,689	-8,020	86,000	N/A
9/30/2023	235,410	69,143	-8,565	100,739	N/A
6/30/2023	253,733	80,168	6,330	121,376	N/A
3/31/2023	269,492	83,574	40,762	142,707	N/A
12/31/2022	278,705	89,479	62,977	145,861	N/A
9/30/2022	269,969	79,546	70,428	131,727	N/A
6/30/2022	250,484	70,010	58,577	114,157	N/A
3/31/2022	229,337	65,160	48,978	102,189	N/A
12/31/2021	213,011	51,246	40,392	90,352	N/A
9/30/2021	199,208	51,027	32,418	79,602	N/A
6/30/2021	188,172	42,673	39,136	76,015	N/A
3/31/2021	181,650	37,410	37,053	69,294	N/A
12/31/2020	176,821	22,861	37,391	65,745	N/A
9/30/2020	173,374	20,278	66,446	87,205	N/A
6/30/2020	166,242	14,101	48,068	65,588	N/A
3/31/2020	157,887	10,713	44,500	61,453	N/A
12/31/2019	148,202	8,155	35,942	54,904	N/A
9/30/2019	141,870	4,164	10,316	29,494	N/A
6/30/2019	143,518	2,956	27,668	48,345	N/A
3/31/2019	146,338	4,874	29,784	50,342	N/A
12/31/2018	151,253	7,678	30,506	50,935	N/A
9/30/2018	152,366	10,599	24,614	51,711	N/A
6/30/2018	150,678	12,351	18,532	47,387	N/A
3/31/2018	149,364	10,791	14,488	47,940	N/A
12/31/2017	149,285	9,677	N/A	52,474	N/A
9/30/2017	150,960	10,711	N/A	55,122	N/A
6/30/2017	151,425	10,213	N/A	57,563	N/A
3/31/2017	150,884	10,698	N/A	48,363	N/A
12/31/2016	147,870	8,621	N/A	46,450	N/A
9/30/2016	143,414	8,733	N/A	46,332	N/A
6/30/2016	140,570	7,467	N/A	48,722	N/A
3/31/2016	141,585	9,484	N/A	54,317	N/A
12/31/2015	144,830	13,254	N/A	59,788	N/A
9/30/2015	148,216	14,852	N/A	63,197	N/A
6/30/2015	148,110	16,060	N/A	58,958	N/A
3/31/2015	145,968	14,942	N/A	55,426	N/A
12/31/2014	140,012	11,109	N/A	44,766	N/A
9/30/2014	133,496	8,327	N/A	39,389	N/A
6/30/2014	131,688	8,888	N/A	40,075	N/A
3/31/2014	127,724	7,217	N/A	42,586	N/A
12/31/2013	123,812	12,630	N/A	43,472	N/A
9/30/2013	121,947	12,537	N/A	42,164	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2303's forecast earnings growth (5.6% per year) is above the savings rate (1%).

Earnings vs Market: 2303's earnings (5.6% per year) are forecast to grow slower than the TW market (18.2% per year).

High Growth Earnings: 2303's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2303's revenue (9.9% per year) is forecast to grow slower than the TW market (11.8% per year).

High Growth Revenue: 2303's revenue (9.9% 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 (15.4%).

United Microelectronics Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

United Microelectronics Corporation (TWSE:2303) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Consensus EPS estimates fall by 15%

Price target decreased to NT$51.24

Price target decreased to NT$56.03

Consensus EPS estimates increase by 12%

Price target decreased to NT$62.85

Recent updates

United Microelectronics (TWSE:2303) Is Reducing Its Dividend To NT$3

Dividend reduced to NT$3.00

United Microelectronics Corporation Announces Cash Dividend, Payable on July 24, 2024

United Microelectronics Corporation Announces Audit Committee Changes

The Market Doesn't Like What It Sees From United Microelectronics Corporation's (TWSE:2303) Earnings Yet

What Is United Microelectronics Corporation's (TWSE:2303) Share Price Doing?

UMC Introduces Industry’s First 3D IC Solution for RFSOI, Accelerating Innovations in the 5G Era

United Microelectronics Corporation (TWSE:2303) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

United Microelectronics Corporation's (TWSE:2303) Intrinsic Value Is Potentially 19% Below Its Share Price

We Think United Microelectronics (TWSE:2303) Can Stay On Top Of Its Debt

Full year 2023 earnings: EPS exceeds analyst expectations

United Microelectronics Corporation Approves Cash Dividend for the Year Ended December 31, 2023

United Microelectronics Corporation, Annual General Meeting, May 30, 2024

United Microelectronics Corporation, Annual General Meeting, May 30, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

United Microelectronics Corporation to Report Q2, 2024 Results on Jul 31, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

United Microelectronics Corporation to Report Q4, 2023 Results on Jan 31, 2024

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Metalenz Launches Its Metasurface Optics on the Open Market in Partnership with UMC

Upcoming dividend of NT$3.60 per share at 6.7% yield

United Microelectronics Corporation Announces Cash Dividend, Payable on July 19, 2023

First quarter 2023 earnings: EPS exceeds analyst expectations

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Consensus EPS estimates fall by 15%

United Microelectronics Corporation Announces Change of Chief Information Security Officer

United Microelectronics Corporation to Report Q3, 2023 Results on Oct 25, 2023

United Microelectronics Corporation to Report Q4, 2022 Results on Jan 16, 2023

An unknown buyer acquired a 0.108957% stake in United Microelectronics Corporation from Silicon Integrated Systems Corp. for approximately TWD 600 million.

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Price target decreased to NT$51.24

Price target decreased to NT$56.03

United Microelectronics Corporation to Report Q3, 2022 Results on Oct 26, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of NT$3.00 per share

Consensus EPS estimates increase by 12%

Price target decreased to NT$62.85

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

United Microelectronics Corporation to Report Q1, 2022 Results on Apr 27, 2022

United Microelectronics Corporation, Annual General Meeting, May 27, 2022

Consensus EPS estimates increase by 11%

United Microelectronics Corporation and Micron Technology, Inc. Announce Global Settlement

Third quarter 2021 earnings released: EPS NT$1.43 (vs NT$0.75 in 3Q 2020)

Consensus EPS estimates increase to NT$3.98

Investor sentiment improved over the past week

High number of new directors

Second quarter 2021 earnings released: EPS NT$0.98 (vs NT$0.55 in 2Q 2020)

Upcoming dividend of NT$1.60 per share

Independent Director Cheng-Li Huang has left the company

Cadence and Umc Collaborate on 22Ulp/Ull Reference Flow Certification for Advanced Consumer, 5G and Automotive Designs

Investor sentiment deteriorated over the past week

The United States District Court Southern District of New York Approves the Settlement of the Class Action Between the Plaintiff Kevin D. Meyer and United Microelectronics Corporation

Price target increased to NT$64.08

Price target increased to NT$62.67

First quarter 2021 earnings released: EPS NT$0.85 (vs NT$0.19 in 1Q 2020)

United Microelectronics Corporation announced that it has received TWD 379.04 million in funding from CMC Magnetics Corporation

United Microelectronics Corporation announced that it has received TWD 403.26 million in funding from CMC Magnetics Corporation

Sensirion Holding AG Gains Capacity Support from United Microelectronics Corporation as Both Companies Partner to Support the Battle against Covid-19

Full year 2020 earnings released: EPS NT$2.42 (vs NT$0.82 in FY 2019)

Earnings beat expectations, revenue disappoints

United Microelectronics Corporation announced a financing transaction

United Microelectronics Corporation, Annual General Meeting, Jun 08, 2021

New 90-day high: NT$57.60

United Microelectronics Corporation announced that it has received TWD 312.33272 million in funding from CMC Magnetics Corporation

Price target raised to NT$48.81