Analog Devices, Inc. (ADI) vs United Microelectronics Corporation (UMC)

Analog Devices, Inc. and United Microelectronics Corporation are both Semiconductors companies. Analog Devices, Inc. is the larger, with a market value of $186.8B against $61.4B — 3.0× the size. United Microelectronics Corporation trades at the lower P/E: 22.7× against 46.5×. Analog Devices, Inc. grew revenue faster over the last twelve months: 33.7% against 10.3%. United Microelectronics Corporation has the higher net margin (32.6% vs 29.8%) and the higher return on invested capital (9.04% vs 7.84%). Both pay a dividend; United Microelectronics Corporation yields more (5.63% vs 1.93%). Across the 23 metrics below, United Microelectronics Corporation leads on 16 and Analog Devices, Inc. on 7.

Valuation

Metric ADI UMC Semiconductors median
P/E 46.47 22.71 49.41
P/S 13.78 7.57 8.58
P/B 5.70 4.31 5.49
Price to free cash flow 38.74 32.35 47.02
EV/EBITDA 28.54 16.40 30.78
EV/Sales 14.20 7.18 8.79
Earnings yield 2.15% 4.40% 0.62%
Free cash flow yield 2.58% 3.09% 0.59%

Profitability

Metric ADI UMC Semiconductors median
Gross margin 65.80% 30.57% 52.25%
Operating margin 35.55% 19.75% 4.85%
Net margin 29.79% 32.60% 4.77%
Free cash flow margin 35.57% 23.39% 8.65%
Return on equity 12.23% 20.87% 3.11%
Return on assets 8.56% 13.42% 1.91%
Return on invested capital 7.84% 9.04% 2.46%

Growth

Metric ADI UMC Semiconductors median
Revenue growth (TTM) 33.65% 10.34% 16.66%
EPS growth (last fiscal year) 39.02% (8.62%) —
Revenue growth, 5-year CAGR 14.49% 3.76% 5.60%
Net income growth, 5-year CAGR 13.18% 9.58% 0.00%

Health

Metric ADI UMC Semiconductors median
Debt to equity 0.24 0.11 0.05
Current ratio 1.25 2.17 3.35
Net debt to EBITDA 0.91 (0.73) 0.58

Dividend

Metric ADI UMC Semiconductors median
Dividend yield 1.93% 5.63% 1.93%
Payout ratio 0.44 0.57 0.00

Size

Metric ADI UMC Semiconductors median
Market cap 186.76b 61.42b 5.67b

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