After finishing at $7.99 in the prior trading day, United Micro Electronics ADR (NYSE: UMC) closed at $7.95, down -0.50%. In other words, the price has decreased by -$0.04 from its previous closing price. On the day, 7400898 shares were traded.
Ratios:
Our goal is to gain a better understanding of UMC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.82 and its Current Ratio is at 2.18. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.14.
HSBC Securities Downgraded its Hold to Reduce on April 27, 2023, whereas the target price for the stock was revised from $6.80 to $6.46.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UMC now has a Market Capitalization of 20.31B and an Enterprise Value of 18.40B. As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.19, and their Forward P/E ratio for the next fiscal year is 10.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.79 while its Price-to-Book (P/B) ratio in mrq is 1.70. Its current Enterprise Value per Revenue stands at 0.08 whereas that against EBITDA is 0.15.
Stock Price History:
Over the past 52 weeks, UMC has reached a high of $8.97, while it has fallen to a 52-week low of $6.71. The 50-Day Moving Average of the stock is 7.93, while the 200-Day Moving Average is calculated to be 7.66.
Shares Statistics:
The stock has traded on average 7.63M shares per day over the past 3-months and 7.68M shares per day over the last 10 days, according to various share statistics. A total of 2.51B shares are outstanding, with a floating share count of 2.51B. Insiders hold about 0.00% of the company’s shares, while institutions hold 4.98% stake in the company. Shares short for UMC as of Feb 29, 2024 were 57.41M with a Short Ratio of 7.48, compared to 57.44M on Jan 31, 2024.
Dividends & Splits
In the trailing 12 months, UMC’s forward annual dividend rate was 3.00, compared to 0.58 this year. Against a Trailing Annual Dividend Yield of 37.55%, it implies a Forward Annual Dividend Yield of 7.24%. The stock’s 5-year Average Dividend Yield is 4.66. The current Payout Ratio is 37.44% for UMC, which recently paid a dividend on Jul 26, 2023 with an ex-dividend date of Jun 26, 2023. Stock splits for the company last occurred on Aug 08, 2008 when the company split stock in a 1045:1000 ratio.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.14 and a low estimate of $0.13, while EPS last year was $0.21. The consensus estimate for the next quarter is $0.13, with high estimates of $0.15 and low estimates of $0.12.
Analysts are recommending an EPS of between $0.69 and $0.59 for the fiscal current year, implying an average EPS of $0.64. EPS for the following year is $0.78, with 2 analysts recommending between $0.84 and $0.73.
Revenue Estimates
A total of 2 analysts have provided revenue estimates for UMC’s current fiscal year. The highest revenue estimate was $7.78B, while the lowest revenue estimate was $7.53B, resulting in an average revenue estimate of $7.66B. In the same quarter a year ago, actual revenue was $7.25B, up 5.70% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $8.81B in the next fiscal year. The high estimate is $9.05B and the low estimate is $8.57B. The average revenue growth estimate for next year is up 15.10% from the average revenue estimate for this year.
