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United Microelectronics Corp (UMC) stock analysis

UMCNYSESemiconductors & Related DevicesFiscal year ends December 31
Financials through fiscal 2025, year ended Dec 31, 2025Score 9/30
$15.76−0.32 (-1.99%)

Close on Nov 12, 2026Market cap $39.68BP/E 31.7Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth0Performance4Health5Dividend0

Mixed9 of 30 checks passed

United Microelectronics passes 9 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
0/6
Past performance
4/6
Financial health
5/6
Dividend
0/6

What stands out

  • Return on capital over 10%

    Return on invested capital was 13.1%, above the 10% that usually covers the cost of capital.

  • Low debt

    Debt is 7.5% of shareholders' equity, under the 40% we consider low.

  • Earnings grew over 5 years

    Net income grew 12.0% a year on average over the last five fiscal years.

  • Interest well covered

    Operating income covers interest expense 27.4 times.

What to watch

  • Return on equity under 15%

    Return on equity was 11.0% over the last twelve months and averaged 18.9% over five years; we look for 15% on both.

  • Revenue growing under 10% a year

    Revenue grew -5.2% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -23.0% a year over the last three fiscal years.

  • Earnings growth not accelerating

    Net income grew -17.3% over the last twelve months, against a 5-year average of 12.0% a year.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth0/6

  • Revenue growing under 10% a year

    Revenue grew -5.2% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -23.0% a year over the last three fiscal years.

  • Earnings growth not accelerating

    Net income grew -17.3% over the last twelve months, against a 5-year average of 12.0% a year.

  • Growing slower than the industry

    Revenue grew 2.3% over the last twelve months; the Electronic Components and Accessories median is 17.3%.

  • Guidance issued

    The latest outlook (2026 2026 CAPEX, Jan 28, 2026) was issued for the first time, so it neither adds nor takes away points.

  • Gross margin slipping

    Gross margin was 29.0% over the last twelve months, against 32.6% a year earlier.

Past performance4/6

  • Return on equity under 15%

    Return on equity was 11.0% over the last twelve months and averaged 18.9% over five years; we look for 15% on both.

  • Return on capital over 10%

    Return on invested capital was 13.1%, above the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    United Microelectronics's return on equity of 11.0% is above the Electronic Components and Accessories median of 4.8%.

  • Earnings grew over 5 years

    Net income grew 12.0% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was 17.0% over the last twelve months, against a 5-year average of 24.2%.

  • Net margin above the industry

    United Microelectronics's net margin of 17.0% is above the Electronic Components and Accessories median of 2.9%.

Financial health5/6

  • Low debt

    Debt is 7.5% of shareholders' equity, under the 40% we consider low.

  • Debt falling against equity

    Debt to equity fell from 17.1% five years ago to 7.5%.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 362% of total debt.

  • Interest well covered

    Operating income covers interest expense 27.4 times.

  • Short-term assets cover short-term debts

    Current assets are 2.29 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6

  • No dividend

    United Microelectronics has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for United Microelectronics. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$254.61M
Value traded per 1% price move
$83.73M

Downside

High risk

Typical loss in a bad month
34.4%
Volatility (annualized)
68%
Sharpe ratio, 1 year
1.65
Beta to the S&P 500 (5Y)
0.93

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2014 to 2025

Gross margin

29.0%+7.0 pts over 5 years

Operating margin

18.5%+6.1 pts over 5 years

Net margin

17.0%+4.1 pts over 5 years

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