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United Microelectronics Corporation 2303.TW

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United Microelectronics Corporation statistics & valuation

Market capNT$1.52T
P / E37.6×
P / S6.4×
P / B4.1×
P / FCF30.9×
Net margin17.0%
FCF margin20.7%
Net cashNT$50.9B
Enterprise value USD$47.3B
Earnings yield EBIT/EV3%
Return on capital9.1%
Graham number -62.6%NT$46.61

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (NT$46.61); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
32.10% 26.80% 21.00% 17.00% 2022202320242025
Gross margin (%)
45.10% 34.90% 32.60% 29.00% 2022202320242025
Operating margin (%)
37.20% 25.70% 22.10% 18.40% 2022202320242025
Return on equity (%)
27.70% 17.40% 13.30% 11.00% 2022202320242025
Shares outstanding
12.54B 12.54B 12.54B 12.54B 2022202320242025
Net debt (NT$)
-NT$128.20B -NT$68.39B -NT$34.53B -NT$50.88B 2022202320242025
Share buybacks (NT$)
NT$0 2022202320242025
Return on assets (%)
17.10% 10.90% 8.70% 7.10% 2022202320242025
Free cash flow margin (%)
22.60% -3.60% 1.10% 20.70% 2022202320242025
Debt / equity (×)
0.14× 0.19× 0.19× 0.16× 2022202320242025
EPS (NT$)
NT$6.87 NT$4.83 NT$3.74 NT$3.31 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

United Microelectronics Corporation trades at about 37.6× earnings — above its 10-year norm (10-year range 7.1×–18.9×, median 10.7×).

7.1× 37.6×

Shaded band = 10-year range (7.1×–18.9×); dot = today's 37.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin29.0%32.6%34.9%45.1%
Operating margin18.4%22.1%25.7%37.2%
Net margin17.0%21.0%26.8%32.1%
FCF margin20.7%1.1%-3.6%22.6%
Return on assets7.1%8.7%10.9%17.1%
Return on equity11.0%13.3%17.4%27.7%
Debt / equity0.12×0.15×0.13×0.12×
Current ratio2.292.452.132.24

Computed from company filings · TW · as of 2025-12-31. Figures in TWD. Facts plus Stocktoria's own computed scores — not investment advice.