It’s an appealing income play to consider United Microelectronics Corporation (UMC)

The price of United Microelectronics Corporation (NYSE: UMC) closed at $8.43 in the last session, up 0.36% from day before closing price of $8.40. In other words, the price has increased by $+0.03 from its previous closing price. On the day, 7630357 shares were traded. UMC stock price reached its highest trading level at $8.45 during the session, while it also had its lowest trading level at $8.28.

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We take a closer look at UMC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.14. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 2.30. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.13.

Upgrades & Downgrades

Valuation Measures:

As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.49, and their Forward P/E ratio for the next fiscal year is 8.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 1.92.

Stock Price History:

Over the past 52 weeks, UMC has reached a high of $9.01, while it has fallen to a 52-week low of $5.36. The 50-Day Moving Average of the stock is 7.93, while the 200-Day Moving Average is calculated to be 7.12.

Shares Statistics:

According to the various share statistics, UMC traded on average about 7.80M shares per day over the past 3-months and 6.6M shares per day over the past 10 days. A total of 2.47B shares are outstanding, with a floating share count of 2.25B. Shares short for UMC as of Jan 12, 2023 were 52.16M with a Short Ratio of 54.39M, compared to 49.39M on Dec 14, 2022.

Dividends & Splits

The forward annual dividend rate for UMC is 0.80, which was 1.60 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 19.05%, it implies a Forward Annual Dividend Yield of 6.02%. The stock’s 5-year Average Dividend Yield is 4.11. The current Payout Ratio is 0.00% for UMC, which recently paid a dividend on Jul 20, 2022 with an ex-dividend date of Jun 20, 2022. Stock splits for the company last occurred on Aug 07, 2008 when the company split stock in a 1045:1000 ratio.

Earnings Estimates

The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.17 and a low estimate of $0.15, while EPS last year was $0.28. The consensus estimate for the next quarter is $0.16, with high estimates of $0.17 and low estimates of $0.16.

Analysts are recommending an EPS of between $0.79 and $0.67 for the fiscal current year, implying an average EPS of $0.73. EPS for the following year is $0.99, with 1 analysts recommending between $0.99 and $0.99.

Revenue Estimates

According to 2 analysts, the current quarter’s revenue is expected to be $1.79B. It ranges from a high estimate of $1.82B to a low estimate of $1.76B. As of the current estimate, United Microelectronics Corporation’s year-ago sales were $2.22B, an estimated decrease of -19.20% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $1.79B, a decrease of -26.10% less than the figure of -$19.20% in the same quarter last year. There is a high estimate of $1.81B for the next quarter, whereas the lowest estimate is $1.78B.

A total of 2 analysts have provided revenue estimates for UMC’s current fiscal year. The highest revenue estimate was $7.92B, while the lowest revenue estimate was $7.8B, resulting in an average revenue estimate of $7.86B. In the same quarter a year ago, actual revenue was $9.08B, down -13.50% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $9.55B in the next fiscal year. The high estimate is $9.55B and the low estimate is $9.55B. The average revenue growth estimate for next year is up 21.60% from the average revenue estimate for this year.