Company Valuation: United Microelectronics Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 810,366 508,943 659,069 540,739 618,347 1,379,339 - -
Change - -37.2% 29.5% -17.95% 14.35% 123.07% - -
Enterprise Value (EV) 1 756,830 387,788 606,167 516,566 586,032 1,274,575 1,260,472 1,232,893
Change - -48.76% 56.31% -14.78% 13.45% 117.49% -1.11% -2.19%
P/E 14.2x 5.74x 10.7x 11.3x 14.7x 14.9x 15.6x 12.6x
PBR 2.83x 1.49x 1.81x 1.42x 1.62x 3.11x 2.81x 2.51x
PEG - 0.1x -0.4x -0.5x -1.2x 0x -3.77x 0.5x
Capitalization / Revenue 3.8x 1.83x 2.96x 2.33x 2.6x 4.91x 3.98x 3.41x
EV / Revenue 3.55x 1.39x 2.72x 2.22x 2.47x 4.53x 3.64x 3.05x
EV / EBITDA 7.66x 2.61x 6.16x 5.18x 5.68x 9.88x 7.43x 5.99x
EV / EBIT 14.6x 3.72x 10.5x 10x 13.3x 19.9x 13.1x 10.2x
EV / FCF 17.9x 5.9x -111x 97x 11.2x 23.5x 18.5x 13.3x
FCF Yield 5.59% 17% -0.9% 1.03% 8.89% 4.26% 5.4% 7.54%
Dividend per Share 2 3 3.6 3 2.85 2.6 3.925 4.939 5.766
Rate of return 4.62% 8.85% 5.7% 6.62% 5.28% 3.57% 4.49% 5.24%
EPS 2 4.57 7.09 4.93 3.8 3.34 7.366 7.061 8.707
Distribution rate 65.6% 50.8% 60.9% 75% 77.8% 53.3% 70% 66.2%
Net sales 1 213,011 278,705 222,533 232,303 237,553 281,100 346,617 403,994
EBITDA 1 98,761 148,462 98,375 99,781 103,208 129,046 169,714 205,786
EBIT 1 51,686 104,292 57,891 51,613 43,949 63,935 96,060 121,092
Net income 1 55,780 87,198 60,990 47,211 41,716 91,863 87,456 108,404
Net Debt 1 -53,536 -121,155 -52,902 -24,173 -32,315 -104,765 -118,867 -146,446
Reference price 2 65.00 40.70 52.60 43.05 49.25 110.00 110.00 110.00
Nbr of stocks (in thousands) 12,467,169 12,504,749 12,529,822 12,560,716 12,555,278 12,539,449 - -
Announcement Date 25/1/22 16/1/23 31/1/24 21/1/25 28/1/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.93x4.53x9.88x3.57% 42.34B
20.21x11.51x17.36x0.38% 4,879B
21.11x10.33x13.95x1.16% 1,855B
34.79x14.75x21.66x0.81% 1,538B
4.8x2.92x3.25x0.08% 943B
81.04x14.71x55.83x-.--% 762B
4.01x2.55x3.07x1.9% 798B
-26.15x5.6x15.81x-.--% 319B
33.33x12.51x22.79x1.91% 276B
Average 20.90x 8.82x 18.18x 1.09% 1,268B
Weighted average by Cap. 22.98x 10.47x 17.85x 0.66%

Y-o-Y evolution of P/E

Valuation ratios - P/E - United Microelectronics Corporation

Historical PBR trend

Valuation ratios - PBR - United Microelectronics Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - United Microelectronics Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - United Microelectronics Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - United Microelectronics Corporation
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