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United Microelectronics Corporation (UMC) 10-Year Financial Performance & Capital Metrics

UMC • • Industrial / General
TechnologySemiconductorsSemiconductor Foundry & Packaging ServicesFoundry Services
AboutUnited Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers. United Microelectronics Corporation was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan.Show more
  • Revenue $232.3B +4.4%
  • EBITDA $97.43B -1.0%
  • Net Income $47.21B -20.9%
  • EPS (Diluted) 18.70 -22.6%
  • Gross Margin 32.57% -6.8%
  • EBITDA Margin 41.94% -5.1%
  • Operating Margin 22.22% -14.6%
  • Net Margin 20.32% -24.2%
  • ROE 13.31% -25.7%
  • ROIC 12.76% -30.9%
  • Debt/Equity 0.19 +3.2%
  • Interest Coverage 30.75 -21.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 20.6%
  • ✓Strong 5Y profit CAGR of 42.1%
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy 5Y average net margin of 23.2%
  • ✓Trading near 52-week high
  • ✓Trading at only 0.1x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.19%
5Y9.41%
3Y2.93%
TTM35.99%

Profit (Net Income) CAGR

10Y15.57%
5Y42.08%
3Y-2.7%
TTM2.63%

EPS CAGR

10Y15.44%
5Y41.9%
3Y-5.84%
TTM-22.52%

ROCE

10Y Avg8.73%
5Y Avg15.13%
3Y Avg17.4%
Latest11.1%

Peer Comparison

Foundry Services
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
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Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TSEMTower Semiconductor Ltd.13.94B124.0067.030.94%12.92%6.9%0.09%0.07
TSMTaiwan Semiconductor Manufacturing Company Limited1.77T341.641.5333.89%43.29%31.22%49.11%0.24
UMCUnited Microelectronics Corporation22.08B8.770.474.39%17.01%11.12%24.13%0.19
GFSGLOBALFOUNDRIES Inc.23.08B41.53-86.52-8.69%-0.65%-0.37%4.75%0.21
SKYTSkyWater Technology, Inc.1.55B32.03-228.7919.39%36.36%63.09%0.46%1.21

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+144.83B147.87B149.28B151.25B148.2B176.82B213.01B278.71B222.53B232.3B
Revenue Growth %0.03%0.02%0.01%0.01%-0.02%0.19%0.2%0.31%-0.2%0.04%
Cost of Goods Sold+113.06B117.49B122.23B128.41B126.89B137.82B140.96B152.94B144.79B156.65B
COGS % of Revenue0.78%0.79%0.82%0.85%0.86%0.78%0.66%0.55%0.65%0.67%
Gross Profit+31.77B30.38B27.06B22.84B21.31B39B72.05B125.76B77.74B75.65B
Gross Margin %0.22%0.21%0.18%0.15%0.14%0.22%0.34%0.45%0.35%0.33%
Gross Profit Growth %-0%-0.04%-0.11%-0.16%-0.07%0.83%0.85%0.75%-0.38%-0.03%
Operating Expenses+20.93B24.19B20.39B17.16B16.43B17.07B20.36B21.47B19.85B24.04B
OpEx % of Revenue0.14%0.16%0.14%0.11%0.11%0.1%0.1%0.08%0.09%0.1%
Selling, General & Admin7.79B10.39B8.47B8.73B9.13B10.82B12.66B13.86B10.7B9.82B
SG&A % of Revenue0.05%0.07%0.06%0.06%0.06%0.06%0.06%0.05%0.05%0.04%
Research & Development12.17B13.53B13.67B13.03B11.86B12.9B12.93B12.95B13.28B15.62B
R&D % of Revenue0.08%0.09%0.09%0.09%0.08%0.07%0.06%0.05%0.06%0.07%
Other Operating Expenses963.73M263.13M-1.75B-4.59B-4.56B-6.65B-5.23B-5.34B-4.13B-1.39B
Operating Income+10.84B6.19B6.57B5.68B4.88B21.93B51.69B104.29B57.89B51.61B
Operating Margin %0.07%0.04%0.04%0.04%0.03%0.12%0.24%0.37%0.26%0.22%
Operating Income Growth %0.08%-0.43%0.06%-0.14%-0.14%3.49%1.36%1.02%-0.44%-0.11%
EBITDA+56.31B58.08B59.53B57.56B54.27B70.84B98.76B148.2B98.37B97.43B
EBITDA Margin %0.39%0.39%0.4%0.38%0.37%0.4%0.46%0.53%0.44%0.42%
EBITDA Growth %0.11%0.03%0.02%-0.03%-0.06%0.31%0.39%0.5%-0.34%-0.01%
D&A (Non-Cash Add-back)45.47B51.89B52.96B51.88B49.39B48.91B47.07B43.9B40.48B45.81B
EBIT11.76B6.45B10.02B5.7B7.74B24.55B60.36B109.82B65.57B51.54B
Net Interest Income+-167.78M-1.25B-2.41B-2.06B-1.94B-1.27B-1.29B237M3.38B1.99B
Interest Income356.08M00706.45M994.06M737.91M575.72M2.02B4.85B3.67B
Interest Expense470.31M1.25B2.41B2.77B2.93B2B1.87B1.79B1.47B1.68B
Other Income/Expense2.83B-1.47B1.1B-3.56B-76.95M611.52M6.81B4.9B10.56B4.61B
Pretax Income+13.71B4.72B7.67B2.12B4.81B22.54B58.5B109.2B68.45B56.22B
Pretax Margin %0.09%0.03%0.05%0.01%0.03%0.13%0.27%0.39%0.31%0.24%
Income Tax+1.03B552.52M992.48M-1.13B230.35M1.69B7.92B19.33B8.31B9.11B
Effective Tax Rate %0.97%1.83%1.26%3.63%1.7%1.01%0.88%0.82%0.87%0.84%
Net Income+13.25B8.62B9.63B7.68B8.16B22.86B51.25B89.48B59.69B47.21B
Net Margin %0.09%0.06%0.06%0.05%0.06%0.13%0.24%0.32%0.27%0.2%
Net Income Growth %0.19%-0.35%0.12%-0.2%0.06%1.8%1.24%0.75%-0.33%-0.21%
Net Income (Continuing)12.64B4.17B6.68B3.25B4.58B20.85B50.58B89.87B60.14B47.11B
Discontinued Operations0047.96M0000000
Minority Interest2.03B2.16B956.81M466.77M410.06M113.36M223.18M343.68M340.86M256.61M
EPS (Diluted)+5.103.353.703.003.2511.7522.4034.3524.1518.70
EPS Growth %0.15%-0.34%0.1%-0.19%0.08%2.62%0.91%0.53%-0.3%-0.23%
EPS (Basic)5.353.554.052.903.5512.1022.8535.4524.1519.00
Diluted Shares Outstanding2.63B2.67B2.65B2.65B2.63B2.49B2.49B2.54B2.52B2.53B
Basic Shares Outstanding2.47B2.42B2.4B2.56B2.36B2.41B2.44B2.46B2.53B2.52B
Dividend Payout Ratio0.52%0.8%0.63%1.11%0.85%0.43%0.39%0.42%0.75%0.8%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+94.82B110.47B139.28B141.19B153.76B164.31B233.27B252.37B216.8B189.68B
Cash & Short-Term Investments53.96B58.29B82.39B84.19B98.57B109.57B170.9B178.6B144.88B115.24B
Cash Only53.29B57.58B81.67B83.66B95.49B94.05B132.62B173.82B132.55B105B
Short-Term Investments664.92M714.17M716.92M528.45M3.08B15.52B38.28B4.78B12.33B10.24B
Accounts Receivable19.99B24B22.66B24.7B26.02B29.24B36.37B39.2B33.16B35.7B
Days Sales Outstanding50.3859.2555.459.664.0860.3562.3251.3354.3956.1
Inventory17.64B17B18.26B18.2B21.71B22.55B23.01B31.07B35.71B35.78B
Days Inventory Outstanding56.9552.8154.5251.7462.4659.7359.5874.1590.0383.38
Other Current Assets3.89B323.77M2.76B2.88B1.16B2.95B2.99B3.5B3.04B2.95B
Total Non-Current Assets+240.54B273.76B251.85B223.41B216.43B213.21B217.68B272.27B329.78B370.49B
Property, Plant & Equipment188.77B226.16B206.03B173.51B158.88B141.11B145.39B198.03B250.85B292.03B
Fixed Asset Turnover0.77x0.65x0.72x0.87x0.93x1.25x1.47x1.41x0.89x0.80x
Goodwill15.19M15.19M15.19M15.01M7.61M7.61M7.61M7.61M7.61M7.61M
Intangible Assets4.49B4.07B3.77B2.98B5.19B4.87B3.64B4.27B4.36B4.15B
Long-Term Investments38.11B32.3B30.89B31.09B41.34B56.58B59B56.27B61.63B62.44B
Other Non-Current Assets6.83B6.19B5.03B9.43B3.2B3.81B4.17B8.47B7.79B6.64B
Total Assets+335.35B384.23B391.13B364.6B370.19B377.52B450.96B524.65B546.58B560.17B
Asset Turnover0.43x0.38x0.38x0.41x0.40x0.47x0.47x0.53x0.41x0.41x
Asset Growth %0.08%0.15%0.02%-0.07%0.02%0.02%0.19%0.16%0.04%0.02%
Total Current Liabilities+49.49B72.79B88.82B49.9B72.71B78.24B108.25B112.61B99.01B77.4B
Accounts Payable5.95B6.85B6.54B6.8B8.88B7.86B8.36B8.98B7.53B7.63B
Days Payables Outstanding19.2221.319.5219.3325.5420.8221.6621.4418.9717.79
Short-Term Debt5.51B20.55B25.45B13.1B12.02B38.04B1.92B013.53B8.52B
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities7.61B13.95B34.35B27B24.53B28.7B57.62B30.18B19.03B18.28B
Current Ratio1.92x1.52x1.57x2.83x2.11x2.10x2.15x2.24x2.19x2.45x
Quick Ratio1.56x1.28x1.36x2.46x1.82x1.81x1.94x1.97x1.83x1.99x
Cash Conversion Cycle88.1190.7690.492101.0199.26100.25104.05125.45121.69
Total Non-Current Liabilities+61.02B96.49B92.7B108.17B90.26B63.5B78.33B89.23B100.96B117.06B
Long-Term Debt47.52B60.73B53.32B67.08B47.89B24.77B39.83B39.88B45.24B55.53B
Capital Lease Obligations00005.46B5.03B4.51B5.2B4.88B5.78B
Deferred Tax Liabilities2.39B2.4B2.33B02.09B1.63B2.32B3.56B5.63B8.12B
Other Non-Current Liabilities10.6B32.87B36.58B36.92B34.34B31.61B31.03B40.15B44.79B47.17B
Total Liabilities110.5B169.28B181.51B158.07B162.97B141.74B186.58B201.83B202.86B194.46B
Total Debt+53.03B81.28B78.76B80.19B65.93B68.39B46.82B45.61B64.16B70.47B
Net Debt-260.98M23.7B-2.91B-3.47B-29.56B-25.66B-85.8B-128.2B-68.39B-34.53B
Debt / Equity0.24x0.38x0.38x0.39x0.32x0.29x0.18x0.14x0.19x0.19x
Debt / EBITDA0.94x1.40x1.32x1.39x1.21x0.97x0.47x0.31x0.65x0.72x
Net Debt / EBITDA-0.00x0.41x-0.05x-0.06x-0.54x-0.36x-0.87x-0.87x-0.70x-0.35x
Interest Coverage23.04x4.96x2.73x2.05x1.66x10.94x27.67x58.42x39.28x30.75x
Total Equity+224.85B214.95B209.62B206.54B207.21B235.77B264.38B322.81B343.72B365.71B
Equity Growth %0.02%-0.04%-0.02%-0.01%0%0.14%0.12%0.22%0.06%0.06%
Book Value per Share85.3680.5078.9777.8278.6694.51106.11127.09136.23144.79
Total Shareholders' Equity222.83B212.78B208.66B206.07B202.5B235.66B264.15B322.47B343.38B365.45B
Common Stock127.58B126.24B126.24B124.24B117.24B124.22B124.83B125.05B125.3B125.61B
Retained Earnings55.35B52.6B53.06B61.59B60.82B56.62B83.16B169.73B187.25B184.23B
Treasury Stock-11.42B-12.89B-12.9B-13.83B-8.41B-8.42B-8.19B-8.62B-9.8B-9.8B
Accumulated OCI9.14B5.21B657.96M-14.51B-11.02B11.73B14.28B21.17B33.67B46.34B
Minority Interest2.03B2.16B956.81M466.77M410.06M113.36M223.18M343.68M340.86M256.61M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+60.04B46.45B52.47B50.93B54.9B65.75B90.35B145.86B86B93.87B
Operating CF Margin %0.41%0.31%0.35%0.34%0.37%0.37%0.42%0.52%0.39%0.4%
Operating CF Growth %0.34%-0.23%0.13%-0.03%0.08%0.2%0.37%0.61%-0.41%0.09%
Net Income13.71B4.85B7.8B2.18B5.74B27.93B61.8B106.1B60.99B47.21B
Depreciation & Amortization45.47B51.98B53.1B52.05B49.39B48.91B47.07B44.17B40.48B48.17B
Stock-Based Compensation838K00695.67M366.19M959.22M1.75B1.35B1.14B808.85M
Deferred Taxes-3.05B001.02B-3.11B-12.26B-13.65B000
Other Non-Cash Items79.82M-754.59M-6.43B-1.91B-2.29B-2.73B-2.53B-1.46B-14.51B26.4M
Working Capital Changes3.83B-9.63B-2B-3.11B4.82B2.94B-4.09B-4.3B-2.1B-2.34B
Change in Receivables3.43B-3.69B1.59B-1.38B7.48B3.01B-8.54B-1.12B6.29B-3.16B
Change in Inventory-1.92B517.76M-1.57B-46.5M-1.37B-1.01B-871.59M-7.64B-4.94B365.31M
Change in Payables-498.78M933.16M-185.91M257.04M-739.07M-944.91M688.65M490.95M-1.34B0
Cash from Investing+-68.74B-80.09B-35.42B-15.5B-31.68B-40.11B-62.16B-54.43B-97.79B-85.94B
Capital Expenditures-61.59B-93.11B-45.52B-20.43B-18.96B-28.35B-49.96B-82.88B-91.47B-88.54B
CapEx % of Revenue0.43%0.63%0.3%0.14%0.13%0.16%0.23%0.3%0.41%0.38%
Acquisitions----------
Investments----------
Other Investing-1.8B9.93B7.2B6.31B839.54M2.26B2.54B-446.89M-3.23B2.6B
Cash from Financing+15.05B38.8B9.16B-33.48B-9.87B-25.6B12.49B-57.25B-29.09B-39.2B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-6.94B-6.91B-6.1B-8.56B-6.91B-9.77B-19.87B-37.45B-45.01B-37.59B
Share Repurchases----------
Other Financing6.09B15.96B-1.21B685.52M-727.25M135.2M14.19B14.99B-10.79B-546.44M
Net Change in Cash----------
Free Cash Flow+-1.55B-46.66B6.95B30.51B35.94B37.39B40.39B62.98B-8.02B5.33B
FCF Margin %-0.01%-0.32%0.05%0.2%0.24%0.21%0.19%0.23%-0.04%0.02%
FCF Growth %-4.89%-29.11%1.15%3.39%0.18%0.04%0.08%0.56%-1.13%1.66%
FCF per Share-0.59-17.482.6211.4913.6414.9916.2124.79-3.182.11
FCF Conversion (FCF/Net Income)4.53x5.39x5.45x6.63x6.73x2.88x1.76x1.63x1.44x1.99x
Interest Paid0000000001.34B
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)5.95%3.92%4.54%3.69%3.94%10.32%20.49%30.48%17.91%13.31%
Return on Invested Capital (ROIC)3.7%2.01%2.21%2.08%1.92%8.48%19.95%41.92%18.48%12.76%
Gross Margin21.93%20.54%18.12%15.1%14.38%22.05%33.82%45.12%34.94%32.57%
Net Margin9.15%5.83%6.45%5.08%5.5%12.93%24.06%32.11%26.82%20.32%
Debt / Equity0.24x0.38x0.38x0.39x0.32x0.29x0.18x0.14x0.19x0.19x
Interest Coverage23.04x4.96x2.73x2.05x1.66x10.94x27.67x58.42x39.28x30.75x
FCF Conversion4.53x5.39x5.45x6.63x6.73x2.88x1.76x1.63x1.44x1.99x
Revenue Growth3.44%2.1%0.96%1.32%-2.02%19.31%20.47%30.84%-20.15%4.39%

Revenue by Segment

20172018201920202021202220232024
Wafer-142.55B142.63B169.89B204.59B265.6B211.75B221.82B
Wafer Growth--0.05%19.11%20.43%29.82%-20.27%4.76%
Other Products-8.7B5.58B6.94B8.42B13.11B10.78B10.48B
Other Products Growth---35.92%24.37%21.35%55.70%-17.72%-2.78%

Revenue by Geography

20172018201920202021202220232024
TAIWAN, PROVINCE OF CHINA48.95B--65B80.66B87.5B68.36B83.76B
TAIWAN, PROVINCE OF CHINA Growth----24.08%8.49%-21.87%22.53%
UNITED STATES18.21B--24.55B24.27B35.18B59.1B58.12B
UNITED STATES Growth-----1.13%44.93%68.02%-1.67%
China (includes Hong Kong)18.97B---31.18B46.15B27.55B37.12B
China (includes Hong Kong) Growth-----48.02%-40.31%34.75%
KOREA, REPUBLIC OF------30.87B26.3B
KOREA, REPUBLIC OF Growth--------14.83%
Europe 1-12.53B--5.63B8.83B24.93B17.9B
Europe 1 Growth-----56.90%182.30%-28.20%
JAPAN4.69B--15.36B13.71B17.67B11.61B9.11B
JAPAN Growth-----10.79%28.91%-34.27%-21.57%
SINGAPORE30.8B--26.05B29.07B39.09B--
SINGAPORE Growth----11.57%34.49%--
China Includes Hong Kong---22.63B----
China Includes Hong Kong Growth--------
All Other Countries---16.81B----
All Other Countries Growth--------
Europe1---6.42B----
Europe1 Growth--------
Europe14.33B-------
Europe Growth--------

Frequently Asked Questions

Valuation & Price

United Microelectronics Corporation (UMC) has a price-to-earnings (P/E) ratio of 0.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

United Microelectronics Corporation (UMC) reported $236.13B in revenue for fiscal year 2024. This represents a 102% increase from $116.70B in 2011.

United Microelectronics Corporation (UMC) grew revenue by 4.4% over the past year. Growth has been modest.

Yes, United Microelectronics Corporation (UMC) is profitable, generating $40.16B in net income for fiscal year 2024 (20.3% net margin).

Dividend & Returns

Yes, United Microelectronics Corporation (UMC) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

United Microelectronics Corporation (UMC) has a return on equity (ROE) of 13.3%. This is reasonable for most industries.

United Microelectronics Corporation (UMC) generated $46.49B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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