UMC
United Microelectronics Corp
$21.16
▲ 4.2%Updated Today 12:18 PM ET
UMC at a glance — five pillars scored 0–100 from real filed financials.
Overall: Favorable · 60/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 235.2% over the last 12 months
Market Cap
$66.48B
P/E
31.86x
Forward P/E (est.)
28.3x
ROE
13.5%
Revenue Growth
2.2%
EPS Growth
12.6%
Profit Margin
20.8%
FCF Yield
32.2%
Debt / Equity
0.21x
ROIC
11.0%
Interest Coverage
29.39x
Current Ratio
2.45x
Dividend Yield
1.6%
Implied Growth (rev. DCF)
8.7%
Rating Score
60/100
United Microelectronics Corp (UMC) is a large-cap company in the Semiconductors industry, part of the Information Technology sector of the S&P 500, with a market value around $66.48B.
In its latest reported year it generated about $7.20B in revenue and $1.51B in net profit.
Our model rates UMC Favorable (60/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
The numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
37.5% average over the last 3 years
±9.6 pts around 25.9% across 10 years
grew in 7 of the last 9 year-over-year periods
positive in 7 of 10 years
11.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what UMC's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. UMC trades near $21.16, above its 50-day average ($19.65) and 200-day average ($11.45). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 61 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. UMC's is $2.03 (~9.6% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month UMC found buyers near $18.70 (support) and sellers near $28.96 (resistance); its 52-week range is $6.56–$28.96. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.3× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
7.1%
Revenue moved from $4.49B in 2015 to $7.20B in 2024, a 5.4% compound annual growth rate. The most recent year was roughly flat (2.2%) year over year. Slower, mature growth is common for established businesses.
Gross Margin
32.6%
Operating Margin
22.2%
Net Margin
21.0%
ROE
13.5%
United Microelectronics Corp keeps about 20.8% of each sales dollar as net profit, with a 32.6% gross margin and 22.2% operating margin. Return on equity is 13.5% and return on invested capital about 11.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
—
Net Debt
—
Net Debt / EBITDA
—
Debt / Equity
0.21x
Leverage: debt-to-equity is 0.2x, and operating profit covers interest about 29.4x, with a current ratio of 2.5x. That is a conservative balance sheet — a cushion in downturns.
Operating CF
$2.91B
Free Cash Flow
$165.18M
FCF Margin
2.3%
In the latest year United Microelectronics Corp produced about $2.91B of operating cash flow and $165.18M of free cash flow after capital spending. That is a free-cash-flow yield of about 32.2% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
Coverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.
Dividend yield
1.6%
Per share (latest FY)
$0.09
Total paid (latest FY)
$616.00M
History on record
7 years
dividend uses 373% of free cash flow
41% of net income paid out
total dividends increased 2 years in a row
payout was cut at least once in the last 7 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
31.86x
P/S
8.76x
P/B
1.26x
EV / EBITDA
—
UMC trades at 31.9x trailing earnings (about 28.3x on estimated forward earnings), 8.8x sales, and 1.3x book value. Reverse-engineering today's price implies the market expects roughly 8.7% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$0.20
Current price
$21.16
Starting FCF (latest 10-K)
$165.18M
Growth, years 1–5
2.2%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where UMC sits versus its Information Technology sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 98 Information Technology companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How UMC stacks up against its Information Technology peers — valuation, profitability, and growth versus the sector median.
In the Information Technology sector (230 S&P 500 companies), UMC ranks #47 of 230 by our overall rating. It trades at a discount versus the sector on earnings (31.9x P/E vs. 38.3x median) with a lower return on equity (13.5% vs. 17.5%) and slower revenue growth (2.2% vs. 17.7%).
P/E vs sector
31.9x
median 38.3x
ROE vs sector
13.5%
median 17.5%
Growth vs sector
2.2%
median 17.7%
Sector rank
#47
of 230 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Information Technology companies by sub-industry and size. Sector median is across all 230 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $21.16 today · expected CAGR -13% – -3%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $7.42B | $7.64B | $7.87B | $8.11B | $8.35B |
| Net income | $1.56B | $1.60B | $1.65B | $1.70B | $1.75B |
| EPS | $0.50 | $0.51 | $0.53 | $0.54 | $0.56 |
| Share price (low) | $9.42 | $9.70 | $9.99 | $10.29 | $10.60 |
| Share price (high) | $15.87 | $16.34 | $16.83 | $17.34 | $17.86 |
| CAGR (low–high) | -55% / -25% | -32% / -12% | -22% / -7% | -16% / -5% | -13% / -3% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for UMC:
- High net margins (20.8%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~32.2%) funds buybacks and dividends.
- A conservative balance sheet (debt/equity 0.2x) lowers risk.
- Our model's overall read is Favorable (60/100).
The case against UMC:
- Revenue growth is slow (2.2%), limiting the upside engine.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 31.9x earnings, disappointing results could compress the multiple.
Growth risk — sluggish revenue (2.2%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: United Microelectronics Corp is a large-cap information technology business growing at a mature pace, with solid profitability, and a sound balance sheet. It trades at 31.9x earnings, which our model scores Favorable (60/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 32 Wall Street analysts covering UMC recommend (July 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+32 pts of buy ratings).
Latest SEC Filings
UMC's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
UMC — frequently asked questions
Is UMC a good stock to buy?
We don't give buy or sell advice. Our model rates United Microelectronics Corp Favorable (60/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is UMC's rating on The Stocks School?
United Microelectronics Corp currently scores 60/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does UMC's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from United Microelectronics Corp's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for UMC calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this UMC analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell UMC. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.