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 -71,573 -88,148 -125,111
Change - -126.31% 56.34% 54.31% -33.68% -121.49% -23.16% -41.93%
Announcement Date 25/01/22 16/01/23 31/01/24 21/01/25 28/01/26 - - -
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 67,999 79,056 69,764
Change - 66.81% 14.16% -3.2% -46.08% 42.42% 16.26% -11.75%
Free Cash Flow (FCF) 1 42,317 65,733 -5,474 5,328 52,119 71,611 76,450 110,951
Change - 55.33% -108.33% 197.33% 878.21% 37.4% 6.76% 45.13%
Announcement Date 25/01/22 16/01/23 31/01/24 21/01/25 28/01/26 - - -
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% 45.46% 48.59% 50.81%
EBIT Margin (%) 24.26% 37.42% 26.01% 22.22% 18.5% 22.97% 27.8% 30.18%
EBT Margin (%) 29.01% 38.07% 31.87% 24.2% 20.9% 36.61% 29.52% 31.56%
Net margin (%) 26.19% 31.29% 27.41% 20.32% 17.56% 32.99% 25.07% 26.47%
FCF margin (%) 19.87% 23.59% -2.46% 2.29% 21.94% 25.3% 21.98% 27.75%
FCF / Net Income (%) 75.86% 75.38% -8.98% 11.29% 124.94% 76.71% 87.66% 104.83%

Profitability

        
ROA 13.25% 17.48% 11.17% 8.36% 7.26% 14.95% 12.87% 13.88%
ROE 21.6% 28.31% 17.57% 12.81% 11.01% 21.8% 19.47% 21.83%

Financial Health

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

Capital Intensity

        
CAPEX / Current Assets (%) 22.55% 28.75% 41.11% 38.12% 20.1% 24.03% 22.73% 17.45%
CAPEX / EBITDA (%) 48.64% 53.97% 92.99% 88.74% 46.26% 52.86% 46.78% 34.34%
CAPEX / FCF (%) 113.51% 121.9% -1,671.06% 1,661.86% 91.61% 94.96% 103.41% 62.88%

Items per share

        
Cash flow per share 1 7.395 11.85 6.952 7.548 7.999 10.96 12 14.68
Change - 60.28% -41.35% 8.57% 5.97% 37.08% 9.41% 22.36%
Dividend per Share 1 3 3.6 3 2.85 2.6 3.843 4.79 5.616
Change - 20% -16.67% -5% -8.77% 47.8% 24.63% 17.25%
Book Value Per Share 1 23 27.23 29.04 30.39 30.42 34.64 37.59 41.74
Change - 18.41% 6.64% 4.64% 0.1% 13.88% 8.52% 11.05%
EPS 1 4.57 7.09 4.93 3.8 3.34 7.227 7.196 8.516
Change - 55.14% -30.47% -22.92% -12.11% 116.37% -0.42% 18.35%
Nbr of stocks (in thousands) 12,467,169 12,504,749 12,529,822 12,560,716 12,555,278 12,576,985 12,576,985 12,576,985
Announcement Date 25/01/22 16/01/23 31/01/24 21/01/25 28/01/26 - - -
1TWD
Estimates
2026 *2027 *
P/E 17.7x 17.8x
PBR 3.7x 3.41x
EV / Sales 5.44x 4.37x
Yield 3% 3.74%

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
128.00TWD
Average target price
143.34TWD
Spread / Average Target
+11.98%

Quarterly revenue - Rate of surprise

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