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United Microelectronics (FRA:UMCB) Cyclically Adjusted Revenue per Share : €2.43 (As of Mar. 2024)


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What is United Microelectronics Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

United Microelectronics's adjusted revenue per share for the three months ended in Mar. 2024 was €0.630. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €2.43 for the trailing ten years ended in Mar. 2024.

During the past 12 months, United Microelectronics's average Cyclically Adjusted Revenue Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of United Microelectronics was 11.70% per year. The lowest was 2.00% per year. And the median was 4.10% per year.

As of today (2024-05-19), United Microelectronics's current stock price is €7.35. United Microelectronics's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €2.43. United Microelectronics's Cyclically Adjusted PS Ratio of today is 3.02.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of United Microelectronics was 5.64. The lowest was 0.99. And the median was 1.48.


United Microelectronics Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for United Microelectronics's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

United Microelectronics Cyclically Adjusted Revenue per Share Chart

United Microelectronics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.64 1.72 2.05 2.34 2.42

United Microelectronics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.36 2.36 2.36 2.42 2.43

Competitive Comparison of United Microelectronics's Cyclically Adjusted Revenue per Share

For the Semiconductors subindustry, United Microelectronics's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


United Microelectronics's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, United Microelectronics's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where United Microelectronics's Cyclically Adjusted PS Ratio falls into.



United Microelectronics Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, United Microelectronics's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.63/131.7762*131.7762
=0.630

Current CPI (Mar. 2024) = 131.7762.

United Microelectronics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.349 100.560 0.457
201409 0.360 100.428 0.472
201412 0.370 99.070 0.492
201503 0.437 99.621 0.578
201506 0.414 100.684 0.542
201509 0.352 100.392 0.462
201512 0.365 99.792 0.482
201603 0.379 100.470 0.497
201606 0.379 101.688 0.491
201609 0.403 101.861 0.521
201612 0.443 101.863 0.573
201703 0.425 102.862 0.544
201706 0.412 103.349 0.525
201709 0.390 104.136 0.494
201712 0.406 104.011 0.514
201803 0.387 105.290 0.484
201806 0.417 106.317 0.517
201809 0.411 106.507 0.509
201812 0.395 105.998 0.491
201903 0.353 107.251 0.434
201906 0.390 108.070 0.476
201909 0.423 108.329 0.515
201912 0.507 108.420 0.616
202003 0.485 108.902 0.587
202006 0.542 108.767 0.657
202009 0.536 109.815 0.643
202012 0.576 109.897 0.691
202103 0.565 111.754 0.666
202106 0.614 114.631 0.706
202109 0.691 115.734 0.787
202112 0.803 117.630 0.900
202203 0.808 121.301 0.878
202206 0.917 125.017 0.967
202209 0.963 125.227 1.013
202212 0.872 125.222 0.918
202303 0.658 127.348 0.681
202306 0.673 128.729 0.689
202309 0.664 129.860 0.674
202312 0.688 129.419 0.701
202403 0.630 131.776 0.630

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


United Microelectronics  (FRA:UMCB) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

United Microelectronics's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=7.35/2.43
=3.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of United Microelectronics was 5.64. The lowest was 0.99. And the median was 1.48.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


United Microelectronics Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of United Microelectronics's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


United Microelectronics (FRA:UMCB) Business Description

Industry
Traded in Other Exchanges
Address
No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, TWN
Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2022 after TSMC and GlobalFoundries. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.

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