UMC Relative Valuation
UMC's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, UMC is overvalued; if below, it's undervalued.
Historical Valuation
United Microelectronics Corp (UMC) is now in the Undervalued zone, suggesting that its current forward PE ratio of 14.01 is considered Undervalued compared with the five-year average of 11.54. The fair price of United Microelectronics Corp (UMC) is between 8.46 to 11.10 according to relative valuation methord. Compared to the current price of 7.87 USD , United Microelectronics Corp is Undervalued By 6.98%.
Relative Value
Fair Zone
8.46-11.10
Current Price：7.87
6.98%
Undervalued
14.01
PE
1Y
3Y
5Y
Trailing
Forward
5.01
EV/EBITDA
United Microelectronics Corp. (UMC) has a current EV/EBITDA of 5.01. The 5-year average EV/EBITDA is 5.08. The thresholds are as follows: Strongly Undervalued below 2.88, Undervalued between 2.88 and 3.98, Fairly Valued between 6.19 and 3.98, Overvalued between 6.19 and 7.29, and Strongly Overvalued above 7.29. The current Forward EV/EBITDA of 5.01 falls within the Historic Trend Line -Fairly Valued range.
12.19
EV/EBIT
United Microelectronics Corp. (UMC) has a current EV/EBIT of 12.19. The 5-year average EV/EBIT is 9.76. The thresholds are as follows: Strongly Undervalued below 3.82, Undervalued between 3.82 and 6.79, Fairly Valued between 12.72 and 6.79, Overvalued between 12.72 and 15.69, and Strongly Overvalued above 15.69. The current Forward EV/EBIT of 12.19 falls within the Historic Trend Line -Fairly Valued range.
2.45
PS
United Microelectronics Corp. (UMC) has a current PS of 2.45. The 5-year average PS is 2.60. The thresholds are as follows: Strongly Undervalued below 1.74, Undervalued between 1.74 and 2.17, Fairly Valued between 3.02 and 2.17, Overvalued between 3.02 and 3.45, and Strongly Overvalued above 3.45. The current Forward PS of 2.45 falls within the Historic Trend Line -Fairly Valued range.
6.65
P/OCF
United Microelectronics Corp. (UMC) has a current P/OCF of 6.65. The 5-year average P/OCF is 6.44. The thresholds are as follows: Strongly Undervalued below 4.12, Undervalued between 4.12 and 5.28, Fairly Valued between 7.61 and 5.28, Overvalued between 7.61 and 8.77, and Strongly Overvalued above 8.77. The current Forward P/OCF of 6.65 falls within the Historic Trend Line -Fairly Valued range.
13.69
P/FCF
United Microelectronics Corp. (UMC) has a current P/FCF of 13.69. The 5-year average P/FCF is 17.57. The thresholds are as follows: Strongly Undervalued below -60.56, Undervalued between -60.56 and -21.50, Fairly Valued between 56.63 and -21.50, Overvalued between 56.63 and 95.70, and Strongly Overvalued above 95.70. The current Forward P/FCF of 13.69 falls within the Historic Trend Line -Fairly Valued range.
United Microelectronics Corp (UMC) has a current Price-to-Book (P/B) ratio of 8.59. Compared to its 3-year average P/B ratio of 3.56 , the current P/B ratio is approximately 141.59% higher. Relative to its 5-year average P/B ratio of 3.11, the current P/B ratio is about 175.91% higher. United Microelectronics Corp (UMC) has a Forward Free Cash Flow (FCF) yield of approximately 8.16%. Compared to its 3-year average FCF yield of 2.97%, the current FCF yield is approximately 174.95% lower. Relative to its 5-year average FCF yield of 4.95% , the current FCF yield is about 64.82% lower.
8.59
P/B
Median3y
3.56
Median5y
3.11
8.16
FCF Yield
Median3y
2.97
Median5y
4.95
Competitors Valuation Multiple
The average P/S ratio for UMC's competitors is 6.67, providing a benchmark for relative valuation. United Microelectronics Corp Corp (UMC) exhibits a P/S ratio of 2.45, which is -63.22% above the industry average. Given its robust revenue growth of 5.39%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of UMC increased by 21.26% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 70.53 to 77.62.
The secondary factor is the Margin Expansion, contributed 5.82%to the performance.
Overall, the performance of UMC in the past 1 year is driven by P/E Change. Which is more unsustainable.
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FAQ
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