Projected Income Statement: United Microelectronics Corporation

Forecast Balance Sheet: United Microelectronics Corporation

Forecast Balance Sheet - United Microelectronics Corporation
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -53,536 -121,155 -52,902 -24,173 -32,315 -109,947 -113,752 -131,518
Change - -126.31% 56.34% 54.31% -33.68% -240.24% -3.46% -15.62%
Announcement Date 1/25/22 A 1/16/23 A 1/31/24 A 1/21/25 A 1/28/26 A - - -
1TWD in Million
Estimates

Cash Flow Forecast: United Microelectronics Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 48,035 80,128 91,474 88,544 47,745 68,440 84,586 80,736
Change - 66.81% 14.16% -3.2% -46.08% 43.34% 23.59% -4.55%
Free Cash Flow (FCF) 1 42,317 65,733 -5,474 5,328 52,119 54,257 68,126 92,956
Change - 55.33% -108.33% 197.33% 878.21% 4.1% 25.56% 36.45%
Announcement Date 1/25/22 A 1/16/23 A 1/31/24 A 1/21/25 A 1/28/26 A - - -
1TWD in Million
Estimates

Forecast Financial Ratios: United Microelectronics Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 46.36% 53.27% 44.21% 42.95% 43.45% 46.54% 48.96% 50.47%
EBIT Margin (%) 24.26% 37.42% 26.01% 22.22% 18.5% 22.69% 27.64% 29.97%
EBT Margin (%) 29.01% 38.07% 31.87% 24.2% 20.9% 36.24% 29.73% 31.8%
Net margin (%) 26.19% 31.29% 27.41% 20.32% 17.56% 32.68% 25.23% 26.83%
FCF margin (%) 19.87% 23.59% -2.46% 2.29% 21.94% 19.3% 19.65% 23.01%
FCF / Net Income (%) 75.86% 75.38% -8.98% 11.29% 124.94% 59.06% 77.9% 85.75%

Profitability

        
ROA 13.25% 17.48% 11.17% 8.36% 7.26% 14.09% 12.32% 13.99%
ROE 21.6% 28.31% 17.57% 12.81% 11.01% 21.15% 18.84% 21.43%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 22.55% 28.75% 41.11% 38.12% 20.1% 24.35% 24.4% 19.98%
CAPEX / EBITDA (%) 48.64% 53.97% 92.99% 88.74% 46.26% 52.31% 49.84% 39.6%
CAPEX / FCF (%) 113.51% 121.9% -1,671.06% 1,661.86% 91.61% 126.14% 124.16% 86.85%

Items per share

        
Cash flow per share 1 7.395 11.85 6.952 7.548 7.999 9.895 12.03 15.18
Change - 60.28% -41.35% 8.57% 5.97% 23.71% 21.54% 26.18%
Dividend per Share 1 3 3.6 3 2.85 2.6 3.799 4.939 5.768
Change - 20% -16.67% -5% -8.77% 46.11% 30.02% 16.78%
Book Value Per Share 1 23 27.23 29.04 30.39 30.42 35.32 39.1 43.64
Change - 18.41% 6.64% 4.64% 0.1% 16.11% 10.7% 11.61%
EPS 1 4.57 7.09 4.93 3.8 3.34 7.366 7.061 8.707
Change - 55.14% -30.47% -22.92% -12.11% 120.54% -4.14% 23.31%
Nbr of stocks (in thousands) 12,467,169 12,504,749 12,529,822 12,560,716 12,555,278 12,539,449 12,539,449 12,539,449
Announcement Date 1/25/22 A 1/16/23 A 1/31/24 A 1/21/25 A 1/28/26 A - - -
1TWD
Estimates
2026 *2027 *
P/E 15.1x 15.8x
PBR 3.16x 2.85x
EV / Sales 4.58x 3.71x
Yield 3.41% 4.43%

EPS & Dividend

EPS & Dividend - United Microelectronics Corporation


Y-o-Y evolution of P/E

Valuation ratios - P/E - United Microelectronics Corporation
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - United Microelectronics Corporation
Trader
Investor
Global
Quality
ESG MSCI
AAA
MarketScreener Ratings - United Microelectronics Corporation
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
111.50TWD
Average target price
146.19TWD
Spread / Average Target
+31.11%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - United Microelectronics Corporation
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