United Microelectronics Corporation (UMC) is a publicly traded company in the Technology — Semiconductors industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
United Microelectronics Corporation (UMC) operates as a specialized semiconductor wafer foundry, extending its services globally with operations across Taiwan, Singapore, China, Hong Kong, Japan, the United States, and Europe. The company offers a comprehensive range of solutions, from initial circuit blueprinting and mask generation to wafer manufacturing, final assembly, and rigorous testing.
Is United Microelectronics Corporation stock overvalued or undervalued in 2026?
United Microelectronics Corporation (UMC) trades at 16.0× earnings (P/E), below the median of the 314 technology companies over $2bn in Kaplio's universe. At the decade median (16.7×) $19 (+4 %); at its sector median (32.0×) $36 (+100 %).
Kaplio overview: United Microelectronics Corporation
Market cap $45B · 52 weeks $7 – $28 (35 % below the high) · P/E 16.0× · 2027 expected P/E 16.1× · Dividend 2.4 % · Next earnings January 27, 2027 · expected EPS $0.25 · Closing price, Oct 29 · accounts published Oct 28.
- Valuation: P/E 16.0× (fairly priced).
- Business: ROIC 9 % (fair).
- Balance sheet: Net cash/EBITDA 0.5× (solid).
- Earnings: 4 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (16.7×) $19 (+4 %); at its sector median (32.0×) $36 (+100 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 3 of 7 pass
- 3y revenue growth −5.6 %, fails.
- Gross margin 29.0 %, fails.
- ROIC 8.5 %, fails.
- EV/EBITDA vs own 5y 9.0×, fails.
- FCF / Revenue 22.1 %, passes.
- SBC / Revenue 0.2 %, passes.
- Net debt / EBITDA −0.5×, passes.
Against its peers (reference peers) — United Microelectronics Corporation: P/E 16.0×; EV/EBITDA 9.0×; ROIC 8.5 %; $45.0B. GLOBALFOUNDRIES Inc. (P/E 35.8×; EV/EBITDA 12.3×; ROIC 4.5 %; $25.2B), Tower Semiconductor Ltd. (P/E 66.2×; EV/EBITDA 38.4×; ROIC 7.4 %; $19.0B), Taiwan Semiconductor Manufacturing Company Limited (P/E 24.7×; EV/EBITDA 16.4×; ROIC 28.8 %; $2.2T).
Expensive or cheap against its last ten years?
P/E at each close: today 16.0× · median 16.7× · minimum 5.2× · maximum 58.2× · cheap below 12.2× · expensive above 20.7×. It has been cheaper than today only 46% of the time over its last ten years.
Dividend
fragile · Yield 2.4 % ($0.44 per ADS in 2025) · 5-year growth +29 % a year · Free cash flow coverage 0.4× · With $1,000 invested today you'd collect $23.90 a year ($1.99 a month).
Investor methods verdict
Would Buffett approve United Microelectronics today?
The Buffett Method would not approve United Microelectronics today: it fails its quality rules. Business quality: 66 out of 100 (price not included). Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 21.33% |
| Return on Invested Capital | 8.51% |
| Return on Assets | 12.74% |
| Gross Margin | 31.72% |
| Operating Margin | 20.68% |
| Net Margin | 31.93% |
Financial Health
| Debt / Equity | 0.12 |
| Current Ratio | 2.17 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 3.22 |
Price Performance
| 1 month | -26.34% |
| 3 months | -5.20% |
| Year-to-date | +129.52% |
| 1 year | +139.58% |
| 3 years | +153.37% |
| 5 years | +75.66% |
| 10 years | +839.58% |
Dividend History
Paid in the last 12 months: $0.4008 per share in 1 payments.
| Date | Amount |
|---|---|
| 2026-07-08 | $0.4008 |
| 2025-06-24 | $0.4833 |
| 2024-07-02 | $0.4635 |
| 2023-06-26 | $0.5860 |
| 2022-06-21 | $0.5170 |
| 2021-07-21 | $0.2866 |
| 2020-07-14 | $0.1365 |
| 2019-07-15 | $0.0938 |
| 2018-07-09 | $0.1180 |
| 2017-07-11 | $0.0830 |
Amounts adjusted for stock splits.
Related companies: TSM · GFS · TSEM · NVDA · AVGO · 0YXG.L · SKHY · MU
Explore sector: Technology · Semiconductors
More sections of UMC: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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