# United Microelectronics Corporation (NEW) (UMC) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Technology / Semiconductors & Chip Equipment. Price $16.40, market value $41.1 billion.

## Valuation
- **P/E (trailing): 15.5×** (5-yr avg 35.9×, 3-yr avg 32.2×). United Microelectronics Corporation (NEW) trades at 15.5× trailing earnings, well below its own five-year average of 35.9×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 18.2×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.00**. A PEG of 0.00 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.1×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 166.5%** (5-yr avg 52.5%). Free cash flow equals 166.5% of the market value, above its five-year average of 52.5%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 6.5%**. The inverse of the P/E: 6.5% of the price is earned each year.

## Profitability
- **Gross margin: 31.7%**. United Microelectronics Corporation (NEW) keeps 31.7% of revenue after the direct cost of what it sells.
- **Operating margin: 21.8%**. 21.8% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 17.0%**. 17.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.0%**. 11.0% on shareholders' equity is solid.
- **Return on invested capital: 17.0%**. Return on all capital, debt included, is 17.0%: comfortably above what that capital costs.
- **Return on assets: 14.7%**. Each dollar of assets produces 14.7% of profit.

## Growth
- **Revenue growth (1 yr): 3253.1%** (3-yr 197.0%/yr, 5-yr 106.7%/yr). Revenue grew 3253.1% over the last year, against 106.7% a year compounded over five years: growth is accelerating.
- **Free-cash-flow growth (3 yr): 184.3%/yr**. Free cash flow has compounded at 184.3% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.16**. Debt is 0.16 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. United Microelectronics Corporation (NEW) holds more cash than debt.
- **Interest coverage: 40.2×**. Operating profit covers interest 40.2× over, a safe margin.
- **Current ratio: 2.29** (quick 1.87). Current assets cover the next year's liabilities 2.29 times.
- **Altman Z-score: 1.94**. A Z-score of 1.94 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.44%** ($0.40 per share, trailing). United Microelectronics Corporation (NEW) yields 2.44%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 89%**. 89% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 28.8%/yr** (1-yr 4.3%). The dividend has compounded at 28.8% a year over five years, doubling roughly every 2 years at that pace.

## Analyst view
- **Analyst consensus: hold** (4 analysts). 4 analysts cover United Microelectronics Corporation (NEW); the consensus is hold, with an average price target of $17.20 (+5% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 116.3%** (YTD 112.2%, 3-mo -12.3%). The shares are up 116.3% over twelve months including dividends.
- **From 52-week high: -43.4%** (135.3% above the low). Trading 43% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 26**. An RSI of 26 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 1.82** (volatility 66%). Beta of 1.82 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=UMC · Page: https://foliofundamentals.com/stocks/umc

Not investment advice.