Unimicron Technology Corp

Unimicron's capital structure shows a debt-to-equity ratio of 0.34, indicating a conservative leverage profile with total liabilities of TWD 128.5 billion and total equity of TWD 94.6 billion. The company maintains a strong liquidity position with a current ratio of 1.96 and cash and equivalents of TWD 37.6 billion, though free cash flow turned negative at TWD -152 million, driven by capital expenditures of TWD -6.9 billion.

Profitability metrics show a return on equity of 2.57% and return on assets of 1.09%, both below the industry median for Semiconductors. Gross profit of TWD 4.3 billion and operating income of TWD 1.54 billion reflect margin pressures in a competitive sector. Net income of TWD 2.43 billion suggests resilience but highlights the need for margin expansion to align with industry benchmarks.

Geographic and segment exposure is not explicitly disclosed in the available data, but the company's focus on advanced PCBs for computing and communication applications suggests a global customer base. Revenue concentration by region or product line remains unspecified.

Growth trajectory is mixed, with revenue of TWD 26.4 billion in the latest period. Analysts project a mean price target of TWD 850, with 8 strong-buy and 10 buy ratings, but no specific revenue growth rates or outlooks are provided in the input data. The absence of detailed outlook data limits visibility into near-term performance drivers.

Risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. However, the negative free cash flow and high capital expenditures suggest potential liquidity constraints if operating cash flow does not improve. No dilution sources are explicitly cited in the input data, though the low dilution risk score implies minimal near-term pressure.

Recent events include analyst estimates with a mean recommendation of 1.70 (strong buy to hold), but no specific filings or transcripts are detailed in the input data. The absence of recent events or strategic announcements limits insight into management's near-term priorities.

Operating and net margins significantly exceed semiconductor cohort medians, indicating superior profitability relative to peers.

Free cash flow improved by 76.0% year-over-year, demonstrating strong recovery in cash generation capabilities.

Revenue grew 13.8% year-over-year, outpacing the negative four-year net income CAGR of -15.7%.

Low dilution, liquidity, and credit risk flags suggest a stable financial foundation with minimal immediate threats.

Net income declined with a negative four-year CAGR of -15.7%, signaling long-term earnings deterioration.

Capex to revenue ratio is in the bottom quartile, suggesting potentially insufficient investment for future growth.

Long-term debt increased to TWD 60.3 billion in FY2026, rising from TWD 32.2 billion in FY2024.

Return on assets of 1.09% remains low, indicating inefficient utilization of total assets to generate profit.

Revenue TWD 34.69B, +18,1% YoY; Operating income +288,3% YoY.

• ▍Revenue TWD 34.69B, +18,1% YoY
• ▍Operating income +288,3% YoY
• ▍Net income +6 204,4% YoY
• ▍Free cash flow +207,2% YoY
• ▍Net margin 10.2%

Revenue TWD 33.99B, +7,2% YoY; Operating income −21,2% YoY.

• ▍Revenue TWD 33.99B, +7,2% YoY
• ▍Operating income −21,2% YoY
• ▍Net income +120,1% YoY
• ▍Free cash flow +153,9% YoY
• ▍Net margin 6.5%

Revenue TWD 32.47B, +16,5% YoY; Operating income +63,6% YoY.

• ▍Revenue TWD 32.47B, +16,5% YoY
• ▍Operating income +63,6% YoY
• ▍Net income −98,1% YoY
• ▍Free cash flow −835,4% YoY
• ▍Net margin 0.1%

Revenue TWD 30.09B, +14,0% YoY; Operating income −21,6% YoY.

• ▍Revenue TWD 30.09B, +14,0% YoY
• ▍Operating income −21,6% YoY
• ▍Net income −62,4% YoY
• ▍Free cash flow −805,6% YoY
• ▍Net margin 3.0%

Revenue TWD 29.38B; Operating income TWD 448.0M.

• ▍Revenue TWD 29.38B
• ▍Operating income TWD 448.0M
• ▍Net margin 0.2%

Revenue TWD 31.71B; Operating income TWD 1.95B.

• ▍Revenue TWD 31.71B
• ▍Operating income TWD 1.95B
• ▍Net margin 3.1%

Revenue TWD 27.88B; Operating income TWD 897.0M.

• ▍Revenue TWD 27.88B
• ▍Operating income TWD 897.0M
• ▍Net margin 5.7%

Revenue TWD 26.40B; Operating income TWD 1.54B.

• ▍Revenue TWD 26.40B
• ▍Operating income TWD 1.54B
• ▍Net margin 9.2%

Revenue TWD 131.24B, +13,8% YoY; Operating income +23,1% YoY.

• ▍Revenue TWD 131.24B, +13,8% YoY
• ▍Operating income +23,1% YoY
• ▍Net income +31,3% YoY
• ▍Free cash flow +76,0% YoY
• ▍Net margin 5.1%

Revenue TWD 115.37B, +10,9% YoY; Operating income −59,0% YoY.

• ▍Revenue TWD 115.37B, +10,9% YoY
• ▍Operating income −59,0% YoY
• ▍Net income −57,6% YoY
• ▍Free cash flow −4,8% YoY
• ▍Net margin 4.4%

Revenue TWD 104.04B, −25,9% YoY; Operating income −69,1% YoY.

• ▍Revenue TWD 104.04B, −25,9% YoY
• ▍Operating income −69,1% YoY
• ▍Net income −59,5% YoY
• ▍Free cash flow −249,1% YoY
• ▍Net margin 11.5%

Revenue TWD 140.49B, +34,4% YoY; Operating income +193,8% YoY.

• ▍Revenue TWD 140.49B, +34,4% YoY
• ▍Operating income +193,8% YoY
• ▍Net income +124,0% YoY
• ▍Free cash flow +319,3% YoY
• ▍Net margin 21.1%