Credo Technology Group Holding Ltd. (CRDO) vs United Microelectronics Corporation (UMC)

Credo Technology Group Holding Ltd. and United Microelectronics Corporation are both Semiconductors companies. United Microelectronics Corporation is the larger, with a market value of $63.9B against $40.0B — 1.6× the size. United Microelectronics Corporation trades at the lower P/E: 24.6× against 74.1×. Credo Technology Group Holding Ltd. grew revenue faster over the last twelve months: 165.1% against 10.3%. Credo Technology Group Holding Ltd. has the higher net margin (33.8% vs 32.6%) and the higher return on invested capital (16.1% vs 9.04%). Across the 22 metrics below, Credo Technology Group Holding Ltd. leads on 13 and United Microelectronics Corporation on 9.

Valuation

Metric CRDO UMC Semiconductors median
P/E 74.12 24.55 53.52
P/S 25.56 8.18 8.64
P/B 14.91 4.66 5.65
Price to free cash flow 92.72 34.97 51.54
EV/EBITDA 71.93 17.80 31.85
EV/Sales 25.08 7.79 8.85
Earnings yield 1.35% 4.07% 0.58%
Free cash flow yield 1.08% 2.86% 0.56%

Profitability

Metric CRDO UMC Semiconductors median
Gross margin 67.07% 30.57% 52.25%
Operating margin 31.74% 19.75% 4.85%
Net margin 33.83% 32.60% 4.77%
Free cash flow margin 27.57% 23.39% 8.65%
Return on equity 30.67% 20.87% 3.11%
Return on assets 27.48% 13.42% 1.91%
Return on invested capital 16.07% 9.04% 2.46%

Growth

Metric CRDO UMC Semiconductors median
Revenue growth (TTM) 165.11% 10.34% 16.66%
EPS growth (last fiscal year) 765.52% (8.62%) 27.66%
Revenue growth, 5-year CAGR 86.80% 3.76% 5.60%
Net income growth, 5-year CAGR 0.00% 9.58% 0.00%

Health

Metric CRDO UMC Semiconductors median
Debt to equity 0.00 0.11 0.05
Current ratio 7.40 2.17 3.35
Net debt to EBITDA (3.01) (0.73) 0.58

Dividend

Metric CRDO UMC Semiconductors median
Dividend yield — 1.57% 0.94%
Payout ratio — 0.39 0.40

Size

Metric CRDO UMC Semiconductors median
Market cap 39.99b 63.88b 6.02b

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