United Microelectronics Corporation (UMC) Financial Ratios
27 years of historical data (1999–2025) · Technology · Semiconductors
EV/EBITDA
↑
11.06
—
5yr avg: N/A
30Y Low0.0·High0.5
P/FCF
↓
22.81
↑+1957% vs avg
5yr avg: 1.11
30Y Low0.2·High14.5
P/B Ratio
↓
3.15
↑+4819% vs avg
5yr avg: 0.06
30Y Low0.0·High0.1
ROE
↓
11.2%
↑-40% vs avg
5yr avg: 18.7%
30Y Low-10%·High31%
Debt/EBITDA
↑
0.58
+6% vs avg
5yr avg: 0.55
30Y Low0.2·High2.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
UMC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
United Microelectronics Corporation trades at 28.7x earnings, 7532% above its 5-year average of 0.4x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 27.2x, the stock trades at a premium of 5%. On a free-cash-flow basis, the stock trades at 22.8x P/FCF, 1957% above the 5-year average of 1.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $38.0B | $19.6B | $16.4B | $21.3B | $16.6B | $29.2B | $21.0B | $7.1B | $4.8B | $6.3B | $4.7B |
| Enterprise Value | $36.3B | $-31251960000 | $-18140444760 | $-47049744268 | $-111618281146 | $-56647778880 | $-4627790438 | $-22498762176 | $1.3B | $3.4B | $28.4B |
| P/E Ratio → | 28.70 | 0.47 | 0.35 | 0.35 | 0.19 | 0.52 | 0.72 | 0.82 | 0.60 | 0.65 | 0.52 |
| P/S Ratio | 5.03 | 0.08 | 0.07 | 0.10 | 0.06 | 0.14 | 0.12 | 0.05 | 0.03 | 0.04 | 0.03 |
| P/B Ratio | 3.15 | 0.05 | 0.04 | 0.06 | 0.05 | 0.11 | 0.09 | 0.03 | 0.02 | 0.03 | 0.02 |
| P/FCF | 22.81 | 0.37 | 3.08 | — | 0.26 | 0.72 | 0.56 | 0.20 | 0.16 | 0.91 | — |
| P/OCF | 11.91 | 0.20 | 0.17 | 0.25 | 0.11 | 0.32 | 0.32 | 0.13 | 0.09 | 0.12 | 0.10 |
P/E links to full P/E history page with 30-year chart
UMC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
United Microelectronics Corporation's enterprise value stands at 11.1x EBITDA. The Technology sector median is 17.3x, placing the stock at a 36% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.13 | -0.08 | -0.21 | -0.40 | -0.27 | -0.03 | -0.15 | 0.01 | 0.02 | 0.19 |
| EV / EBITDA | 11.06 | -0.30 | -0.19 | -0.48 | -0.75 | -0.57 | -0.07 | -0.41 | 0.02 | 0.06 | 0.49 |
| EV / EBIT | 26.05 | -0.63 | -0.35 | -0.72 | -1.02 | -0.94 | -0.19 | -2.91 | 0.22 | 0.34 | 4.40 |
| EV / FCF | — | -0.60 | -3.40 | — | -1.77 | -1.40 | -0.12 | -0.63 | 0.04 | 0.49 | — |
UMC Profitability
Margins and return-on-capital ratios measuring operating efficiency
United Microelectronics Corporation earns an operating margin of 18.5%. Operating margins have compressed from 26.0% to 18.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.2% is modest. ROIC of 10.0% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.0% | 29.0% | 32.6% | 34.9% | 45.1% | 33.8% | 22.1% | 14.4% | 15.1% | 18.1% | 20.5% |
| Operating Margin | 18.5% | 18.5% | 22.2% | 26.0% | 37.4% | 24.3% | 12.4% | 3.3% | 3.8% | 4.4% | 4.2% |
| Net Profit Margin | 17.6% | 17.6% | 20.3% | 26.8% | 32.1% | 24.1% | 12.9% | 5.5% | 5.1% | 6.4% | 5.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.2% | 11.2% | 13.3% | 17.9% | 30.5% | 20.5% | 10.3% | 3.9% | 3.7% | 4.5% | 3.9% |
| ROA | 7.3% | 7.3% | 8.5% | 11.1% | 18.3% | 12.4% | 6.1% | 2.2% | 2.0% | 2.5% | 2.4% |
| ROIC | 10.0% | 10.0% | 12.8% | 18.5% | 41.9% | 19.9% | 8.5% | 1.9% | 2.1% | 2.2% | 2.0% |
| ROCE | 9.0% | 9.0% | 11.1% | 13.5% | 27.6% | 16.1% | 7.4% | 1.6% | 1.8% | 2.1% | 2.1% |
UMC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
United Microelectronics Corporation carries a Debt/EBITDA ratio of 0.6x, which is very conservative (80% below the sector average of 2.9x). The company holds a net cash position — cash of $110.7B exceeds total debt of $59.8B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 31.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.16 | 0.16 | 0.19 | 0.19 | 0.14 | 0.18 | 0.29 | 0.32 | 0.39 | 0.38 | 0.38 |
| Debt / EBITDA | 0.58 | 0.58 | 0.72 | 0.65 | 0.31 | 0.47 | 0.97 | 1.21 | 1.39 | 1.32 | 1.40 |
| Net Debt / Equity | — | -0.13 | -0.09 | -0.20 | -0.40 | -0.32 | -0.11 | -0.14 | -0.02 | -0.01 | 0.11 |
| Net Debt / EBITDA | -0.49 | -0.49 | -0.35 | -0.70 | -0.87 | -0.87 | -0.36 | -0.54 | -0.06 | -0.05 | 0.41 |
| Debt / FCF | — | -0.97 | -6.48 | — | -2.04 | -2.12 | -0.69 | -0.82 | -0.11 | -0.42 | — |
| Interest Coverage | 30.99 | 30.99 | 30.70 | 44.49 | 61.51 | 32.31 | 12.25 | 2.64 | 2.06 | 4.16 | 5.16 |
Net cash position: cash ($110.7B) exceeds total debt ($59.8B)
UMC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
United Microelectronics Corporation's current ratio of 2.34x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.91x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.19x to 2.34x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.34 | 2.34 | 2.45 | 2.19 | 2.24 | 2.15 | 2.10 | 2.11 | 2.83 | 1.57 | 1.52 |
| Quick Ratio | 1.91 | 1.91 | 1.99 | 1.83 | 1.97 | 1.94 | 1.81 | 1.82 | 2.46 | 1.36 | 1.28 |
| Cash Ratio | 1.47 | 1.47 | 1.49 | 1.46 | 1.59 | 1.58 | 1.40 | 1.36 | 1.69 | 0.93 | 0.80 |
| Asset Turnover | — | 0.41 | 0.41 | 0.41 | 0.53 | 0.47 | 0.47 | 0.40 | 0.41 | 0.38 | 0.38 |
| Inventory Turnover | 4.53 | 4.53 | 4.38 | 4.05 | 4.92 | 6.13 | 6.11 | 5.84 | 7.05 | 6.69 | 6.91 |
| Days Sales Outstanding | — | 53.01 | 56.10 | 54.39 | 51.33 | 62.32 | 60.35 | 64.08 | 59.60 | 55.40 | 59.25 |
UMC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
United Microelectronics Corporation returns 3.0% to shareholders annually primarily through dividends. The payout ratio of 86.2% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 3.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.0% | 100.0% | 100.0% | 100.0% | 100.0% | 68.2% | 46.4% | 97.9% | 100.0% | 96.2% | 100.0% |
| Payout Ratio | 86.2% | 86.2% | 79.6% | 75.4% | 41.8% | 38.8% | 42.7% | 84.7% | 111.5% | 63.4% | 80.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.5% | 212.5% | 288.1% | 285.5% | 526.0% | 191.5% | 139.4% | 121.3% | 167.6% | 154.8% | 191.4% |
| FCF Yield | 4.4% | 267.0% | 32.5% | — | 379.7% | 138.6% | 177.8% | 509.1% | 642.1% | 109.6% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.0% | 42.1% | 100.0% | 0.0% | 51.3% |
| Total Shareholder Yield | 3.0% | 100.0% | 100.0% | 100.0% | 100.0% | 68.2% | 54.4% | 100.0% | 100.0% | 96.2% | 100.0% |
| Shares Outstanding | — | $2.5B | $2.5B | $2.5B | $2.5B | $2.5B | $2.5B | $2.6B | $2.7B | $2.7B | $2.7B |
Peer Comparison
Compare UMC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 UMCYou | $38B | 28.7 | 11.1 | 22.8 | 29.0% | 18.5% | 11.2% | 10.0% | 0.6 |
 TSM | $2.2T | 39.5 | 25.2 | 62.4 | 59.9% | 50.8% | 35.7% | 42.7% | 0.4 |
 GFS | $40B | 45.5 | 19.0 | 39.9 | 25.2% | 11.7% | 7.8% | 5.3% | 0.8 |
 IMOS | $2B | 45.3 | 9.9 | 70.7 | 13.0% | 5.6% | 5.8% | 3.6% | 2.5 |
 INTC | $567B | -1918.7 | 51.3 | — | 34.8% | -0.0% | -0.2% | -0.0% | 4.0 |
 TXN | $264B | 53.1 | 34.4 | 101.2 | 57.0% | 34.1% | 30.1% | 15.8% | 1.9 |
 ON | $42B | 364.7 | 29.9 | 29.3 | 32.3% | 12.5% | 1.5% | 6.1% | 2.4 |
 STM | $52B | 321.9 | 126.6 | — | 33.9% | 2.7% | 0.9% | 1.3% | 5.3 |
 AMAT | $340B | 49.5 | 40.4 | 59.7 | 48.7% | 29.2% | 35.5% | 33.3% | 0.8 |
 LRCX | $371B | 71.6 | 58.8 | 68.5 | 48.7% | 32.0% | 58.2% | 55.7% | 0.8 |
 KLAC | $239B | 59.8 | 43.1 | 63.8 | 62.3% | 43.1% | 100.8% | 46.5% | 1.1 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonUMC — Frequently Asked Questions
Quick answers to the most common questions about buying UMC stock.
What is United Microelectronics Corporation's P/E ratio?
United Microelectronics Corporation's current P/E ratio is 28.7x. The historical average is 0.7x. This places it at the 100th percentile of its historical range.
What is United Microelectronics Corporation's EV/EBITDA?
United Microelectronics Corporation's current EV/EBITDA is 11.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 0.1x.
What is United Microelectronics Corporation's ROE?
United Microelectronics Corporation's return on equity (ROE) is 11.2%. The historical average is 8.4%.
Is UMC stock overvalued?
Based on historical data, United Microelectronics Corporation is trading at a P/E of 28.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is United Microelectronics Corporation's dividend yield?
United Microelectronics Corporation's current dividend yield is 3.01% with a payout ratio of 86.2%.
What are United Microelectronics Corporation's profit margins?
United Microelectronics Corporation has 29.0% gross margin and 18.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does United Microelectronics Corporation have?
United Microelectronics Corporation's Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.