UNITED MICROELECTRON-SP ADR (UMC) Stock Fundamental Analysis
NYSE:UMC - US9108734057 - ADR
6.62 USD
+0.04 (+0.61%)
6.62 USD
0 (0%)
Taking everything into account, UMC scores 5 out of 10 in our fundamental rating. UMC was compared to 112 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.
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's Return On Assets of 7.23% is fine compared to the rest of the industry. UMC outperforms 75.89% of its industry peers.
UMC's Return On Equity of 11.77% is fine compared to the rest of the industry. UMC outperforms 78.57% of its industry peers.
UMC has a Return On Invested Capital of 8.94%. This is in the better half of the industry: UMC outperforms 79.46% 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 10.74%.
The 3 year average ROIC (13.31%) for UMC is well above the current ROIC(8.94%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.23% | ||
| ROE | 11.77% | ||
| ROIC | 8.94% |
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's Profit Margin of 16.69% is fine compared to the rest of the industry. UMC outperforms 77.68% of its industry peers.
UMC's Profit Margin has improved in the last couple of years.
UMC has a better Operating Margin (19.62%) than 80.36% of its industry peers.
In the last couple of years the Operating Margin of UMC has grown nicely.
With a Gross Margin value of 29.94%, UMC is not doing good in the industry: 69.64% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of UMC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.62% | ||
| PM (TTM) | 16.69% | ||
| GM | 29.94% |
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
UMC has more shares outstanding than it did 1 year ago.
UMC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, UMC has an improved debt to assets ratio.
2.2 Solvency
UMC has a debt to FCF ratio of 2.17. This is a good value and a sign of high solvency as UMC would need 2.17 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.17, UMC is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
A Debt/Equity ratio of 0.16 indicates that UMC is not too dependend on debt financing.
The Debt to Equity ratio of UMC (0.16) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 2.17 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
UMC has a Current Ratio of 1.77. This is a normal value and indicates that UMC is financially healthy and should not expect problems in meeting its short term obligations.
UMC has a Current ratio of 1.77. This is amonst the worse of the industry: UMC underperforms 80.36% of its industry peers.
UMC has a Quick Ratio of 1.46. This is a normal value and indicates that UMC is financially healthy and should not expect problems in meeting its short term obligations.
UMC's Quick ratio of 1.46 is on the low side compared to the rest of the industry. UMC is outperformed by 73.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.46 |
3. Growth
3.1 Past
The earnings per share for UMC have decreased strongly by -25.94% in the last year.
Measured over the past years, UMC shows a very strong growth in Earnings Per Share. The EPS has been growing by 37.18% on average per year.
The Revenue has been growing slightly by 6.28% in the past year.
The Revenue has been growing by 9.41% on average over the past years. This is quite good.
EPS 1Y (TTM)-25.94%
EPS 3Y-5.91%
EPS 5Y37.18%
EPS Q2Q%-35.45%
Revenue 1Y (TTM)6.28%
Revenue growth 3Y2.93%
Revenue growth 5Y9.41%
Sales Q2Q%3.45%
3.2 Future
The Earnings Per Share is expected to grow by 9.76% on average over the next years. This is quite good.
UMC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.13% yearly.
EPS Next Y-18.15%
EPS Next 2Y-1.49%
EPS Next 3Y2.05%
EPS Next 5Y9.76%
Revenue Next Year2.01%
Revenue Next 2Y3.69%
Revenue Next 3Y4.97%
Revenue Next 5Y8.13%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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 a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.49%
EPS Next 3Y2.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.02%, UMC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.35, UMC pays a better dividend. On top of this UMC pays more dividend than 99.11% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, UMC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.02% |
5.2 History
On average, the dividend of UMC grows each year by 38.65%, which is quite nice.
UMC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)38.65%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
94.80% of the earnings are spent on dividend by UMC. This is not a sustainable payout ratio.
UMC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP94.8%
EPS Next 2Y-1.49%
EPS Next 3Y2.05%
6.62
+0.04 (+0.61%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners40.6%
Inst Owner Change-2.84%
Ins Owners0.39%
Ins Owner ChangeN/A
Market Cap16.62B
Analysts67.1
Price Target7.14 (7.85%)
Short Float %2.18%
Short Ratio7.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.02% |
Yearly DividendN/A
Dividend Growth(5Y)38.65%
DP94.8%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-18.42%
Min EPS beat(2)-20.74%
Max EPS beat(2)-16.11%
EPS beat(4)1
Avg EPS beat(4)-16.48%
Min EPS beat(4)-30.13%
Max EPS beat(4)1.06%
EPS beat(8)4
Avg EPS beat(8)-2.77%
EPS beat(12)7
Avg EPS beat(12)1.92%
EPS beat(16)9
Avg EPS beat(16)2.74%
Revenue beat(2)0
Avg Revenue beat(2)-4.06%
Min Revenue beat(2)-6.37%
Max Revenue beat(2)-1.74%
Revenue beat(4)0
Avg Revenue beat(4)-2.76%
Min Revenue beat(4)-6.37%
Max Revenue beat(4)-1.23%
Revenue beat(8)1
Avg Revenue beat(8)-1.75%
Revenue beat(12)3
Avg Revenue beat(12)-1.46%
Revenue beat(16)6
Avg Revenue beat(16)-0.97%
PT rev (1m)-7.79%
PT rev (3m)-6.02%
EPS NQ rev (1m)-6.64%
EPS NQ rev (3m)-15.88%
EPS NY rev (1m)-13.59%
EPS NY rev (3m)-13.59%
Revenue NQ rev (1m)-2.84%
Revenue NQ rev (3m)-7.45%
Revenue NY rev (1m)-3.7%
Revenue NY rev (3m)-4.62%
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 | 7.23% | ||
| ROE | 11.77% | ||
| ROCE | 10.65% | ||
| ROIC | 8.94% | ||
| ROICexc | 12.39% | ||
| ROICexgc | 12.53% | ||
| OM | 19.62% | ||
| PM (TTM) | 16.69% | ||
| GM | 29.94% | ||
| FCFM | 13.39% |
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-Score6
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 2.17 | ||
| Debt/EBITDA | 0.53 | ||
| Cap/Depr | 117.61% | ||
| Cap/Sales | 27.14% | ||
| Interest Coverage | 37.14 | ||
| Cash Conversion | 94.92% | ||
| Profit Quality | 80.2% | ||
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.46 | ||
| Altman-Z | N/A |
F-Score6
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)-25.94%
EPS 3Y-5.91%
EPS 5Y37.18%
EPS Q2Q%-35.45%
EPS Next Y-18.15%
EPS Next 2Y-1.49%
EPS Next 3Y2.05%
EPS Next 5Y9.76%
Revenue 1Y (TTM)6.28%
Revenue growth 3Y2.93%
Revenue growth 5Y9.41%
Sales Q2Q%3.45%
Revenue Next Year2.01%
Revenue Next 2Y3.69%
Revenue Next 3Y4.97%
Revenue Next 5Y8.13%
EBIT growth 1Y-12.27%
EBIT growth 3Y0%
EBIT growth 5Y61.17%
EBIT Next Year106.14%
EBIT Next 3Y36.15%
EBIT Next 5Y23.06%
FCF growth 1Y402.32%
FCF growth 3Y-60.29%
FCF growth 5Y-41.19%
OCF growth 1Y-20.7%
OCF growth 3Y1.28%
OCF growth 5Y11.32%