United Microelectronics Future Growth
Future criteria checks 2/6
United Microelectronics is forecast to grow earnings and revenue by 5.7% and 10.5% per annum respectively. EPS is expected to grow by 5.5% per annum. Return on equity is forecast to be 15.9% in 3 years.
Key information
5.7%
Earnings growth rate
5.5%
EPS growth rate
| Semiconductor earnings growth | 24.3% |
| Revenue growth rate | 10.5% |
| Future return on equity | 15.9% |
| Analyst coverage | Good |
| Last updated | 30 Apr 2024 |
Recent future growth updates
No updates
Recent updates
United Microelectronics: The Worst Seems To Have Passed, Good Time To Jump Back In
Apr 14United Microelectronics: Not Enough Incentive To Warrant Added Risk
Feb 05United Microelectronics: Cyclical Improvement Offers A Positive Outlook For 2024
Jan 11United Microelectronics: Hold On, But Putting New Money To Work May Be Risky
Oct 31United Microelectronics: Cruising Past The Semiconductor Slump
Oct 05United Microelectronics: The Downturn Might Last Longer Than Expected
Aug 08United Microelectronics: My Top Undervalued Semiconductor Stock
Jul 06United Microelectronics Has Reached A Crossroad
Feb 14UMC and Cadence join hands on 3D-IC hybrid bonding reference flow
Feb 01United Microelectronics Q4 2022 Earnings Preview
Jan 13United Microelectronics December sales grew 3.29% Y/Y
Jan 06United Microelectronics October sales grew 27.07% Y/Y
Nov 07United Microelectronics Non-GAAP EPS of NT$2.19 beats by NT$0.23, revenue of NT$75.39B beats by NT$2.49B
Oct 26United Microelectronics September sales grew 34.50% Y/Y
Oct 06United Microelectronics August sales grew 34.89% Y/Y
Sep 06United Microelectronics, Cadence team up on analog/mixed-signal flow for 22ULP/ULL process technologies
Aug 24United Microelectronics: The Tug Of War Continues
Aug 12United Microelectronics sees 35% growth in July sales
Aug 04United Microelectronics Q2 2022 Earnings Preview
Jul 26United Microelectronics June sales grew 43.2% Y/Y
Jul 06United Microelectronics: End-Markets Demand In Full Gear
Jun 08United Microelectronics: Caught Between Headwinds And Tailwinds
May 04United Microelectronics: Good, But Not As Good As Competitors
Mar 15United Microelectronics Is Now Growing Faster Than TSMC And Should Be Valued Accordingly
Jan 23United Microelectronics Could Be Back On The Move
Nov 08Why United Microelectronics Stock Is A Buy On Weakness
Oct 07United Microelectronics Has Limited Upside As Semiconductor Shortage Becomes Another Glut
Aug 03United Microelectronics Q1 2021 Earnings Preview
Apr 27Why United Microelectronics' Share Price Shot Up
Jan 11United Microelectronics +20% on reported 28nm capacity expansion
Nov 23United Microelectronics: Accelerating Pace Of 5G Rollout Provides Earnings And Dividend Stability
Nov 07United Microelectronics Corporation 2020 Q3 - Results - Earnings Call Presentation
Oct 30United Microelectronics Q3 2020 Earnings Preview
Oct 28Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 305,048 | 60,650 | 51,512 | 132,670 | 10 |
| 12/31/2025 | 273,641 | 58,211 | 34,018 | 117,215 | 20 |
| 12/31/2024 | 235,544 | 47,972 | 7,733 | 96,022 | 21 |
| 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 |
| 6/30/2013 | 118,714 | 10,553 | N/A | 38,666 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UMC's forecast earnings growth (5.7% per year) is above the savings rate (2.4%).
Earnings vs Market: UMC's earnings (5.7% per year) are forecast to grow slower than the US market (14% per year).
High Growth Earnings: UMC's earnings are forecast to grow, but not significantly.
Revenue vs Market: UMC's revenue (10.5% per year) is forecast to grow faster than the US market (8.2% per year).
High Growth Revenue: UMC's revenue (10.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UMC's Return on Equity is forecast to be low in 3 years time (15.9%).