United Microelectronics Corporation (NEW)
Find Ratings ReportsSales and net income have dropped, underperforming the average competitor within its subsector.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 2056.21 | 2438.75 |
EBITDA ($mil) | 0.0 | 1186.99 |
EBIT ($mil) | 0.0 | 810.53 |
Net Income ($mil) | 505.52 | 769.42 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 0.0 | 5813.64 |
Total Assets ($mil) | 0.0 | 17077.86 |
Total Debt ($mil) | 0.0 | 2292.51 |
Equity ($mil) | 0.0 | 10496.71 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 0.0 | 58.16 |
EBITDA Margin | 0.0 | 48.67 |
Operating Margin | 0.0 | 33.24 |
Sales Turnover | 0.0 | 0.53 |
Return on Assets | 0.0 | 17.05 |
Return on Equity | 0.0 | 27.75 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 2.24 |
Debt/Capital | 0.0 | 0.18 |
Interest Expense | 0.0 | 15.68 |
Interest Coverage | 0.0 | 51.71 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 2500.6 | 2500.95 |
Div / share | 0.0 | 0.0 |
EPS | 0.2 | 0.32 |
Book value / share | 0.0 | 4.2 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 7464843.0 | 6246077.0 |
BUY. UNITED MICROELECTRONICS CORP's P/E ratio indicates a significant discount compared to an average of 53.34 for the Computer and Electronic Product Manufacturing subsector and a significant discount compared to the S&P 500 average of 27.95. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the subsector average, indicating a discount. After reviewing these and other key valuation criteria, UNITED MICROELECTRONICS CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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UMC 10.42 | Peers 53.34 | UMC NA | Peers 44.47 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. UMC is trading at a significant discount to its peers. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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UMC 11.27 | Peers 26.06 | UMC NM | Peers 1.95 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. UMC is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. UMC's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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UMC NA | Peers 23.59 | UMC -32.48 | Peers 123.02 | |||||||||||||||||||||
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. Ratio not available. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, UMC is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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UMC 2.83 | Peers 14.13 | UMC -19.94 | Peers 27.20 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. UMC is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. UMC significantly trails its peers on the basis of sales growth. |
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