UNITED MICROELECTRON-SP ADR (UMC)
US9108734057 - ADR
UMC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 107 industry peers in the Semiconductors & Semiconductor Equipment industry. UMC has an excellent profitability rating, but there are concerns on its financial health. UMC is valied quite expensively at the moment, while it does show a decent growth rate. Finally UMC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
Each year in the past 5 years UMC has been profitable.
Each year in the past 5 years UMC had a positive operating cash flow.
1.2 Ratios
UMC has a Return On Assets of 10.91%. This is in the better half of the industry: UMC outperforms 78.30% of its industry peers.
UMC has a better Return On Equity (16.98%) than 81.13% of its industry peers.
UMC's Return On Invested Capital of 10.32% is fine compared to the rest of the industry. UMC outperforms 76.42% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for UMC is above the industry average of 10.36%.
The 3 year average ROIC (14.39%) for UMC is well above the current ROIC(10.32%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.91% | ||
| ROE | 16.98% | ||
| ROIC | 10.32% |
ROA(3y)13.09%
ROA(5y)9.93%
ROE(3y)20.95%
ROE(5y)15.99%
ROIC(3y)14.39%
ROIC(5y)10.03%
1.3 Margins
Looking at the Profit Margin, with a value of 27.41%, UMC belongs to the top of the industry, outperforming 88.68% of the companies in the same industry.
UMC's Profit Margin has improved in the last couple of years.
UMC has a better Operating Margin (25.89%) than 83.96% of its industry peers.
UMC's Operating Margin has improved in the last couple of years.
UMC has a worse Gross Margin (34.94%) than 68.87% of its industry peers.
In the last couple of years the Gross Margin of UMC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.89% | ||
| PM (TTM) | 27.41% | ||
| GM | 34.94% |
OM growth 3Y29.94%
OM growth 5Y47.23%
PM growth 3Y18.41%
PM growth 5Y42.43%
GM growth 3Y16.57%
GM growth 5Y18.26%
2. Health
2.1 Basic Checks
The number of shares outstanding for UMC has been increased compared to 1 year ago.
UMC has more shares outstanding than it did 5 years ago.
The debt/assets ratio for UMC is higher compared to a year ago.
2.2 Solvency
UMC has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.18, UMC is in line with its industry, outperforming 52.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
UMC has a Current Ratio of 2.19. This indicates that UMC is financially healthy and has no problem in meeting its short term obligations.
UMC has a worse Current ratio (2.19) than 68.87% of its industry peers.
UMC has a Quick Ratio of 1.83. This is a normal value and indicates that UMC is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.83, UMC is not doing good in the industry: 61.32% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.83 |
3. Growth
3.1 Past
UMC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -30.46%.
Measured over the past years, UMC shows a very strong growth in Earnings Per Share. The EPS has been growing by 54.49% on average per year.
UMC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.15%.
UMC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.03% yearly.
EPS 1Y (TTM)-30.46%
EPS 3Y26.69%
EPS 5Y54.49%
EPS growth Q2Q-32.47%
Revenue 1Y (TTM)-20.15%
Revenue growth 3Y7.97%
Revenue growth 5Y8.03%
Revenue growth Q2Q-18.98%
3.2 Future
The Earnings Per Share is expected to grow by 6.00% on average over the next years.
UMC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.83% yearly.
EPS Next Y-11.74%
EPS Next 2Y2.86%
EPS Next 3Y6.32%
EPS Next 5Y6%
Revenue Next Year8.09%
Revenue Next 2Y11.82%
Revenue Next 3Y15.68%
Revenue Next 5Y9.83%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better 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
UMC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.86%
EPS Next 3Y6.32%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.78%, UMC is a good candidate for dividend investing.
UMC's Dividend Yield is rather good when compared to the industry average which is at 1.97. UMC pays more dividend than 99.06% of the companies 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 | 5.78% |
5.2 History
On average, the dividend of UMC grows each year by 38.37%, which is quite nice.
UMC has paid a dividend for at least 10 years, which is a reliable track record.
UMC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)38.37%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
73.81% of the earnings are spent on dividend by UMC. This is not a sustainable payout ratio.
The dividend of UMC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP73.81%
EPS Next 2Y2.86%
EPS Next 3Y6.32%
UNITED MICROELECTRON-SP ADR
NYSE:UMC (5/13/2024, 7:04:00 PM)
Premarket: 8.06 -0.03 (-0.37%)8.09
+0.03 (+0.37%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap20.27B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.78% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.91% | ||
| ROE | 16.98% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 25.89% | ||
| PM (TTM) | 27.41% | ||
| GM | 34.94% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.83 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-30.46%
EPS 3Y26.69%
EPS 5Y
EPS growth Q2Q
EPS Next Y-11.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-20.15%
Revenue growth 3Y7.97%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y