United Microelectronics Corporation (UMC)

19.79USD +3.78% (+0.72)

Over 1M: +4.0%

Style
Area Line Line with markers Steps Candles Hollow candles Bars

Candles and bars need the day’s open, high and low, and need room to be drawn in: past about a year of trading a body is thinner than a hairline, so those three offer the longest window that fits instead.

18 19 20
31 Jul 5 Aug 10 Aug 13 Aug 18 Aug 21 Aug 26 Aug

Financials Annual

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
FY20 — Gross Profit: 1.4B FY20 — Free Cash Flow: 1.4B FY20 — Net Income: 742.6M FY21 — Gross Profit: 2.6B FY21 — Free Cash Flow: 1.5B FY21 — Net Income: 1.8B FY22 — Gross Profit: 4.1B FY22 — Free Cash Flow: 2.1B FY22 — Net Income: 2.9B FY23 — Gross Profit: 2.5B FY23 — Free Cash Flow: -178.8M FY23 — Net Income: 2B FY24 — Gross Profit: 2.3B FY24 — Free Cash Flow: 162.5M FY24 — Net Income: 1.5B 0 900M 1.8B 2.7B 3.6B 4.5B
FY20 FY21 FY22 FY23 FY24
Gross Profit Free Cash Flow Net Income

How it scores

For a valuation multiple, the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

5.3
SBC / sales 0.34%
Adj. EBITDA margin 42.1%
Oper. margin 22.2%
ROIC 15.7%
OE margin 2.0%
Accruals -8.1%
EBITDA margin 41.8%
OCF margin 40.4%
Profit margin 21.0%
ROA 8.7%
OCF / EBIT 1.8×
ROCE 10.7%
ROE 13.3%
Gross margin 32.6%
Asset turnover 0.41×
FCF margin 2.3%
Capex / sales 38.1%

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

1.0
EV/EBIT 163.6×
EV/OE 1859.5×
FCF yield 0.062%
EV/GP 111.6×
EV/Sales 36.3×
P/B 23.4×
P/C 81.4×
P/E 175.6×
Div. yield —
Fwd P/E —
PEG —
Shareholder yield —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

2.4
Cash-flow margin stability 5.3 pp
Revenue growth in the worst year on record -19.9%
Gross margin stability across years 9.8 pp
Prepaid revenue growth —
RPO / sales —
RPO growth —
Segment HHI —

3 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

8.8
Interest cover 29.4×
ND/EBITDA 0.012
Current ratio 2.5×
Debt / Eq 0.0×
Debt payback 0.0 yr
Equity / Assets 65.2%
Net debt / Eq 0.0×
Payout 0.0%
F-score 6.8 pts
Quick ratio 2.0×
Cash / Debt —
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

3.0
Operating margin trend 2.5
Sales CAGR 4Y +3.0%
Sales/sh Y/Y -2.4%
Most recent margin move -4.5
Div. growth +106.0%
Shares change -0.13%
EBIT CAGR +19.1%
EPS CAGR 4Y +14.4%
EPS Y/Y -24.3%
EBIT Y/Y -16.7%
Gross profit Y/Y -9.1%
EPS next Y —
Sales Q/Q —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.