Is United Microelectronics Stock a Good Investment?
United Microelectronics Investment Advice | UMC |
- Examine United Microelectronics' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research United Microelectronics' leadership team and their track record. Good management can help United Microelectronics navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Semiconductors & Semiconductor Equipment space and any emerging trends that could impact United Microelectronics' business and its evolving consumer preferences.
- Compare United Microelectronics' performance and market position to its competitors. Analyze how United Microelectronics is positioned in terms of product offerings, innovation, and market share.
- Check if United Microelectronics pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about United Microelectronics' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in United Microelectronics stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if United Microelectronics is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine United Microelectronics Stock
Researching United Microelectronics' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company has Price to Book (P/B) ratio of 1.5. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. United Microelectronics has Price/Earnings To Growth (PEG) ratio of 1.41. The entity last dividend was issued on the 2nd of July 2024. The firm had 1045:1000 split on the 8th of August 2008.
To determine if United Microelectronics is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding United Microelectronics' research are outlined below:
| United Microelectronics generated a negative expected return over the last 90 days | |
| Latest headline from investing.com: GlobalFoundries SWOT analysis semiconductor stock faces mixed outlook |
United Microelectronics Quarterly Accounts Payable |
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United Microelectronics uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in United Microelectronics. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to United Microelectronics' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 31st of January 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact United Microelectronics' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises United Microelectronics' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2014-04-30 | 2014-03-31 | 0.01 | 0.015 | 0.005 | 50 | ||
2008-04-30 | 2008-03-31 | 0.01 | 9.0E-4 | -0.0091 | 91 | ||
2020-04-27 | 2020-03-31 | 0.04 | 0.03 | -0.01 | 25 | ||
2020-02-07 | 2019-12-31 | 0.06 | 0.05 | -0.01 | 16 | ||
2018-04-25 | 2018-03-31 | 0.02 | 0.01 | -0.01 | 50 | ||
2018-01-24 | 2017-12-31 | 0.04 | 0.03 | -0.01 | 25 | ||
2014-10-29 | 2014-09-30 | 0.05 | 0.04 | -0.01 | 20 | ||
2014-07-30 | 2014-06-30 | 0.04 | 0.05 | 0.01 | 25 |
Know United Microelectronics' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as United Microelectronics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading United Microelectronics backward and forwards among themselves. United Microelectronics' institutional investor refers to the entity that pools money to purchase United Microelectronics' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | State Street Corp | 2024-06-30 | 3.6 M | Schroder Investment Management Group | 2024-06-30 | 3 M | Barclays Plc | 2024-06-30 | 3 M | Arrowstreet Capital Limited Partnership | 2024-06-30 | 2.7 M | Two Sigma Investments Llc | 2024-06-30 | 2 M | Voloridge Investment Management, Llc | 2024-06-30 | 1.9 M | Crossmark Global Holdings, Inc. | 2024-06-30 | 1.3 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 1.1 M | Bnp Paribas Arbitrage, Sa | 2024-06-30 | 1 M | Blackrock Inc | 2024-06-30 | 23.1 M | Vanguard Group Inc | 2024-09-30 | 15.2 M |
United Microelectronics' market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 17.38 B.Market Cap |
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United Microelectronics' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.11 | 0.12 | |
| Return On Capital Employed | 0.13 | 0.14 | |
| Return On Assets | 0.11 | 0.11 | |
| Return On Equity | 0.17 | 0.17 |
Determining United Microelectronics' profitability involves analyzing its financial statements and using various financial metrics to determine if United Microelectronics is a good buy. For example, gross profit margin measures United Microelectronics' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of United Microelectronics' profitability and make more informed investment decisions.
Please note, the presentation of United Microelectronics' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, United Microelectronics' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of United Microelectronics' management manipulating its earnings.
Evaluate United Microelectronics' management efficiency
United Microelectronics has Return on Asset of 0.0579 % which means that on every $100 spent on assets, it made $0.0579 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1407 %, implying that it generated $0.1407 on every 100 dollars invested. United Microelectronics' management efficiency ratios could be used to measure how well United Microelectronics manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.12. The current year's Return On Capital Employed is expected to grow to 0.14. At present, United Microelectronics' Return On Tangible Assets are projected to increase slightly based on the last few years of reporting. The current year's Debt To Assets is expected to grow to 0.14, whereas Total Assets are forecasted to decline to about 375.7 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 27.76 | 26.37 | |
| Tangible Book Value Per Share | 27.40 | 26.03 | |
| Enterprise Value Over EBITDA | 33.58 | 35.25 | |
| Price Book Value Ratio | 8.95 | 9.39 | |
| Enterprise Value Multiple | 33.58 | 35.25 | |
| Price Fair Value | 8.95 | 9.39 | |
| Enterprise Value | 3.2 T | 3.3 T |
United Microelectronics has shown resilience through effective management strategies. Our analysis examines how these strategies influence financial outcomes and investor returns which helps in understanding the stock's long-term potential.
Dividend Yield 0.067 | Forward Dividend Yield 0.067 | Forward Dividend Rate 0.46 | Beta 1.173 |
Basic technical analysis of United Stock
As of the 21st of November, United Microelectronics has the Coefficient Of Variation of (530.59), risk adjusted performance of (0.14), and Variance of 3.77. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of United Microelectronics, as well as the relationship between them.United Microelectronics' Outstanding Corporate Bonds
United Microelectronics issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. United Microelectronics uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most United bonds can be classified according to their maturity, which is the date when United Microelectronics has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Understand United Microelectronics' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing United Microelectronics' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.14) | |||
| Market Risk Adjusted Performance | (0.48) | |||
| Mean Deviation | 1.49 | |||
| Coefficient Of Variation | (530.59) | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.77 | |||
| Information Ratio | (0.24) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.49) | |||
| Maximum Drawdown | 10.21 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 2.36 | |||
| Skewness | (0.46) | |||
| Kurtosis | 1.03 |
| Risk Adjusted Performance | (0.14) | |||
| Market Risk Adjusted Performance | (0.48) | |||
| Mean Deviation | 1.49 | |||
| Coefficient Of Variation | (530.59) | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.77 | |||
| Information Ratio | (0.24) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.49) | |||
| Maximum Drawdown | 10.21 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 2.36 | |||
| Skewness | (0.46) | |||
| Kurtosis | 1.03 |
Consider United Microelectronics' intraday indicators
United Microelectronics intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of United Microelectronics stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
United Microelectronics Corporate Filings
6K | 14th of November 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 31st of May 2024 Other Reports | ViewVerify | |
| 25th of April 2024 Other Reports | ViewVerify |
United Stock media impact
Far too much social signal, news, headlines, and media speculation about United Microelectronics that are available to investors today. That information is available publicly through United media outlets and privately through word of mouth or via United internal channels. However, regardless of the origin, that massive amount of United data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of United Microelectronics news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of United Microelectronics relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to United Microelectronics' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive United Microelectronics alpha.
United Microelectronics Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards United Microelectronics can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
United Microelectronics Corporate Directors
| ShanChieh Chien | General Manager, Director | Profile | |
| Jason Wang | General Manager, Director | Profile | |
| ChengLi Huang | Independent Director | Profile | |
| Vic Yen | Chief Director | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Microelectronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For information on how to trade United Stock refer to our How to Trade United Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of United Microelectronics. If investors know United will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about United Microelectronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.09) | Dividend Share 3 | Earnings Share 0.64 | Revenue Per Share 93.08 | Quarterly Revenue Growth 0.06 |
The market value of United Microelectronics is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Microelectronics' value that differs from its market value or its book value, called intrinsic value, which is United Microelectronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because United Microelectronics' market value can be influenced by many factors that don't directly affect United Microelectronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between United Microelectronics' value and its price, as these two are different measures arrived at by various means. Investors typically determine if United Microelectronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Microelectronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.