How Is United Microelectronics Corporation (UMC)’s Price-To-Earnings Ratio?


As of Wednesday close, United Microelectronics Corporation’s (NYSE:UMC) stock was down -$0.04, moving down -0.53 percent to $7.49. The average number of shares traded per day over the past five days has been 7,823,340 shares. 3 times new highs have been achieved over the past 5 days, with a $0.38 gain in that time frame. In the last twenty days, the average volume was 11,877,745, while in the previous 50 days, it was 10,816,094.

Since last month, UMC stock rose 20.42%. Shares of the company fell to $5.82 on 11/03/22, the lowest level in the past month. A 52-week high of $11.89 was reached on 01/13/22 after having rallying from a 52-week low of $5.36. Since the beginning of this year, UMC’s stock price has dropped by -31.70% or -$4.21, and marked a new high 2 times. However, the stock has declined by -36.98% since its 52-week high.

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Valuation Metrics

Right now, United Microelectronics Corporation (UMC) has a P/E ratio of about 6.90. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 2.13, the price-to-book (PB) ratio of 1.82, and the price-to-cash flow ratio of 7.89 may also be considered.

The latest dividend of $0.2866 per share was paid out, which is 0.42% more than last year’s $0.2854. On Friday June 3 2022, a $0.0013 dividend increase was announced.

Financial Health

In the three months ended September 29, United Microelectronics Corporation’s quick ratio stood at 2.20, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.16, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 44.40% percent. In the year ended September 29, EBITDA margin amounted to 43.78%, whereas operating margins totaled 36.40%. Based on annual data, UMC earned $2.6 billion in gross profit and brought in $7.68 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.30%. Return on equity (ROE) for the past 12 months was 28.50%.

In United Microelectronics Corporation’s quarter-end financial report for September 29, it reported total debt of $969.23 million against cash and short-term investments of $1.34 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. UMC’s revenue rose 21.31% during the quarter, while net income inched up to $6.3 billion. While analysts expected United Microelectronics Corporation to report $0.37 quarterly earnings, the actual figure was $0.34 per share, beating the consensus estimate by -8.10%. During the quarter, the company generated $1.3 billion in EBITDA. The liabilities of United Microelectronics Corporation were 6.72 billion at the end of its most recent quarter ended September 29, and its total debt was $64.77 billion.

Technical Picture

This quick technical analysis looks at United Microelectronics Corporation’s (UMC) price momentum. With a historical volatility rate of 53.84%, the RSI 9-day stood at 66.48% on 23 November.

With respect to its five-day moving average, the current United Microelectronics Corporation price is up by +5.34% percent or $0.38. At present, UMC shares trade +26.73% above its 20-day simple moving average and +14.18% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.21% above its SMA50 and -25.25% below its SMA200.

Stochastic coefficient K was 87.23% and Stochastic coefficient D was 86.45%, while ATR was 0.26. Given the Stochastic reading of 88.50% for the 14-day period, the RSI (14) reading has been calculated as 65.57%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.37.

Analyst Ratings

United Microelectronics Corporation downgraded its rating on United Microelectronics Corporation (NYSE: UMC) to a Sell in a note to investors on July 12, 2022. The analysts firm previously had a Buy rating on the stock.United Microelectronics Corporation (UMC) has been rated Underweight by analysts. According to 0 brokerage firms, UMC is a sell, and 0 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate United Microelectronics Corporation stock as buy, with 0 recommending it as overweight.

With a median target price of $4.70, the current consensus forecast for the stock is $4.70 – $4.70. Based on these forecasts, analysts predict United Microelectronics Corporation (UMC) will achieve an average price target of $4.70.


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