UNITED MICROELECTRON-SP ADR (UMC) Stock Fundamental Analysis
NYSE:UMC - New York Stock Exchange, Inc. - US9108734057 - ADR - Currency: USD
Taking everything into account, UMC scores 5 out of 10 in our fundamental rating. UMC was compared to 110 industry peers in the Semiconductors & Semiconductor Equipment industry. While UMC has a great profitability rating, there are some minor concerns on its financial health. UMC is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
UMC had positive earnings in each of the past 5 years.
Each year in the past 5 years UMC had a positive operating cash flow.
1.2 Ratios
UMC's Return On Assets of 7.77% is fine compared to the rest of the industry. UMC outperforms 75.45% of its industry peers.
UMC's Return On Equity of 11.40% is fine compared to the rest of the industry. UMC outperforms 71.82% of its industry peers.
The Return On Invested Capital of UMC (8.36%) is better than 76.36% of its industry peers.
UMC had an Average Return On Invested Capital over the past 3 years of 13.31%. This is above the industry average of 10.65%.
The last Return On Invested Capital (8.36%) for UMC is well below the 3 year average (13.31%), which needs to be investigated, but indicates that UMC had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 11.4% | ||
| ROIC | 8.36% |
ROA(3y)11.85%
ROA(5y)11.06%
ROE(3y)18.5%
ROE(5y)17.55%
ROIC(3y)13.31%
ROIC(5y)11.57%
1.3 Margins
UMC has a better Profit Margin (18.91%) than 80.00% of its industry peers.
In the last couple of years the Profit Margin of UMC has grown nicely.
UMC has a Operating Margin of 21.09%. This is amongst the best in the industry. UMC outperforms 80.91% of its industry peers.
In the last couple of years the Operating Margin of UMC has grown nicely.
UMC has a worse Gross Margin (31.50%) than 69.09% of its industry peers.
UMC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.09% | ||
| PM (TTM) | 18.91% | ||
| GM | 31.5% |
OM growth 3Y-2.85%
OM growth 5Y47.32%
PM growth 3Y-8.1%
PM growth 5Y25.41%
GM growth 3Y-1.25%
GM growth 5Y17.76%
2. Health
2.1 Basic Checks
Compared to 1 year ago, UMC has more shares outstanding
UMC has more shares outstanding than it did 5 years ago.
UMC has a better debt/assets ratio than last year.
2.2 Solvency
UMC has a debt to FCF ratio of 3.36. This is a good value and a sign of high solvency as UMC would need 3.36 years to pay back of all of its debts.
UMC has a Debt to FCF ratio (3.36) which is in line with its industry peers.
A Debt/Equity ratio of 0.15 indicates that UMC is not too dependend on debt financing.
UMC's Debt to Equity ratio of 0.15 is in line compared to the rest of the industry. UMC outperforms 51.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.36 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.64 indicates that UMC has no problem at all paying its short term obligations.
UMC has a Current ratio (2.64) which is in line with its industry peers.
A Quick Ratio of 2.15 indicates that UMC has no problem at all paying its short term obligations.
UMC has a Quick ratio of 2.15. This is comparable to the rest of the industry: UMC outperforms 50.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.64 | ||
| Quick Ratio | 2.15 |
3. Growth
3.1 Past
The earnings per share for UMC have decreased strongly by -19.59% in the last year.
UMC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 37.18% yearly.
The Revenue has been growing slightly by 5.64% in the past year.
UMC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.41% yearly.
EPS 1Y (TTM)-19.59%
EPS 3Y-5.91%
EPS 5Y37.18%
EPS Q2Q%-25.3%
Revenue 1Y (TTM)5.64%
Revenue growth 3Y2.93%
Revenue growth 5Y9.41%
Sales Q2Q%5.91%
3.2 Future
Based on estimates for the next years, UMC will show a small growth in Earnings Per Share. The EPS will grow by 7.43% on average per year.
Based on estimates for the next years, UMC will show a small growth in Revenue. The Revenue will grow by 5.83% on average per year.
EPS Next Y-5.62%
EPS Next 2Y4.85%
EPS Next 3Y7.95%
EPS Next 5Y7.43%
Revenue Next Year6.94%
Revenue Next 2Y7.26%
Revenue Next 3Y7.65%
Revenue Next 5Y5.83%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of UMC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.85%
EPS Next 3Y7.95%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.54%, UMC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.19, UMC pays a better dividend. On top of this UMC pays more dividend than 99.09% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, UMC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.54% |
5.2 History
The dividend of UMC is nicely growing with an annual growth rate of 38.65%!
UMC has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)38.65%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
UMC pays out 84.40% of its income as dividend. This is not a sustainable payout ratio.
UMC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP84.4%
EPS Next 2Y4.85%
EPS Next 3Y7.95%
7.48
-0.05 (-0.66%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners40.6%
Inst Owner Change0.02%
Ins Owners0.39%
Ins Owner ChangeN/A
Market Cap18.78B
Analysts68.39
Price Target7.74 (3.48%)
Short Float %2.67%
Short Ratio6.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.54% |
Yearly DividendN/A
Dividend Growth(5Y)38.65%
DP84.4%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-23.12%
Min EPS beat(2)-30.13%
Max EPS beat(2)-16.11%
EPS beat(4)2
Avg EPS beat(4)-6.23%
Min EPS beat(4)-30.13%
Max EPS beat(4)20.24%
EPS beat(8)5
Avg EPS beat(8)2.64%
EPS beat(12)7
Avg EPS beat(12)2.86%
EPS beat(16)10
Avg EPS beat(16)5.13%
Revenue beat(2)0
Avg Revenue beat(2)-1.49%
Min Revenue beat(2)-1.74%
Max Revenue beat(2)-1.23%
Revenue beat(4)0
Avg Revenue beat(4)-1.54%
Min Revenue beat(4)-1.74%
Max Revenue beat(4)-1.23%
Revenue beat(8)2
Avg Revenue beat(8)-0.95%
Revenue beat(12)4
Avg Revenue beat(12)-0.75%
Revenue beat(16)6
Avg Revenue beat(16)-0.6%
PT rev (1m)-0.06%
PT rev (3m)5.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.19%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.47%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)1.96%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | N/A | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)N/A
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpSN/A
BVpSN/A
TBVpSN/A
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 11.4% | ||
| ROCE | 9.93% | ||
| ROIC | 8.36% | ||
| ROICexc | 10.86% | ||
| ROICexgc | 10.97% | ||
| OM | 21.09% | ||
| PM (TTM) | 18.91% | ||
| GM | 31.5% | ||
| FCFM | 8.66% |
ROA(3y)11.85%
ROA(5y)11.06%
ROE(3y)18.5%
ROE(5y)17.55%
ROIC(3y)13.31%
ROIC(5y)11.57%
ROICexc(3y)20.74%
ROICexc(5y)18.11%
ROICexgc(3y)21.06%
ROICexgc(5y)18.41%
ROCE(3y)15.8%
ROCE(5y)13.74%
ROICexcg growth 3Y-17.56%
ROICexcg growth 5Y42.58%
ROICexc growth 3Y-17.4%
ROICexc growth 5Y42.98%
OM growth 3Y-2.85%
OM growth 5Y47.32%
PM growth 3Y-8.1%
PM growth 5Y25.41%
GM growth 3Y-1.25%
GM growth 5Y17.76%
F-Score5
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.36 | ||
| Debt/EBITDA | 0.56 | ||
| Cap/Depr | 148.77% | ||
| Cap/Sales | 32.47% | ||
| Interest Coverage | 36.71 | ||
| Cash Conversion | 95.84% | ||
| Profit Quality | 45.8% | ||
| Current Ratio | 2.64 | ||
| Quick Ratio | 2.15 | ||
| Altman-Z | N/A |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)203.18%
Cap/Depr(5y)154.73%
Cap/Sales(3y)37.1%
Cap/Sales(5y)30.16%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.59%
EPS 3Y-5.91%
EPS 5Y37.18%
EPS Q2Q%-25.3%
EPS Next Y-5.62%
EPS Next 2Y4.85%
EPS Next 3Y7.95%
EPS Next 5Y7.43%
Revenue 1Y (TTM)5.64%
Revenue growth 3Y2.93%
Revenue growth 5Y9.41%
Sales Q2Q%5.91%
Revenue Next Year6.94%
Revenue Next 2Y7.26%
Revenue Next 3Y7.65%
Revenue Next 5Y5.83%
EBIT growth 1Y-9.41%
EBIT growth 3Y0%
EBIT growth 5Y61.17%
EBIT Next Year106.14%
EBIT Next 3Y36.15%
EBIT Next 5Y20.44%
FCF growth 1Y-49.96%
FCF growth 3Y-60.29%
FCF growth 5Y-41.19%
OCF growth 1Y-32.11%
OCF growth 3Y1.28%
OCF growth 5Y11.32%