Universal Microelectronics Co Ltd (2413) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Universal Microelectronics Co Ltd TWD 9.58, price TWD 51.30, upside -81.3%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value 9.58 TWD · Strongly overvalued (−81%)
✓Quality 67/100
!Weak Growth(revenue 5y −2.5 %/yr)
!Thin margins · 2.9% net margin (TTM)
✓Moderate debt · generates free cash flow
!Trails peers(3/15)
!Narrow moat27/100
!Evidence only low, so the estimate is less certain
Watch Universal Microelectronics Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 16.00 TWD – 62.50 TWD · fair‑value band 9.58 TWD – 11.22 TWD · the 51.30 TWD price screens above the 9.58 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Universal Microelectronics Co in your weekly email
Every Wednesday you see whether Universal Microelectronics Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Universal Microelectronics Co., Ltd., together with its subsidiaries, manufactures and sells electronic components in Taiwan, rest of Asia, the United States, and internationally.
Show more
Universal Microelectronics Co., Ltd., together with its subsidiaries, manufactures and sells electronic components in Taiwan, rest of Asia, the United States, and internationally. The company offers power supplies, such as DIN-rail, AC/DC chassis, DC/DC, AC/DC medicals, redundant, adapters, and AC/DC open frame products, as well as railway, industrial, and medical power supplies; and magnetic components. It also provides EV/battery chargers; and FMCW radars. Universal Microelectronics Co., Ltd. was incorporated in 1984 and is headquartered in Taichung, Taiwan.
Stock analysis
Universal Microelectronics Co Ltd (2413) currently trades at 51.30 TWD, while our model-based Fair Value estimate is 9.58 TWD, implying the stock looks roughly 435.6% overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 28.11 TWD per share, and 0 of the 20 models we run sit above the 51.30 TWD price.
Bear case: the Earnings-Based group reads lowest at 4.44 TWD, and 20 of the 20 models stay below the price. Evidence for this calculation is low.
Scenario range: 9.58 TWD (bear) to 11.22 TWD (bull), the price of 51.30 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Universal Microelectronics Co Ltd reported revenue of 3.3B TWD in FY2025 versus 4.0B TWD in FY2021, a compound −4.6%/yr. Reported net income was 52.4M TWD in FY2025, compounding +4.0%/yr from FY2021.
Key figures
Market cap 6.6B TWD (≈ $206M) · P/E ratio 125.1 · P/S ratio 1.96 · EPS (TTM) 0.4100 TWD · Dividend yield 0.5% · Net margin 1.6% · Return on equity 4.9% · Return on assets (EBIT) 1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 160% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −81%, 2413 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (1.12 TWD to 44.66 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 9.58 TWDFair Value 9.58 TWDBull 11.22 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.3010 TWD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−11.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.5%
Start year 2020 (pandemic). Over 10 years: −2.7% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.6%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+3.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.1%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3% vs 0%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.0% → 1%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.6%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +1.2% a year for the price.
Compare Universal Microelectronics Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronic Components · 654 stocks
Beats the industry median on 3/15 measures
Overall it trails its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−81% · Bottom 25%
Profitability
Return on equity (TTM)5% · Below median
Return on assets1% · Below median
Net margin (TTM)3% · Below median
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.52× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)125.1× · Priciest 25%
P/B3.25× · Pricier than median
P/S (TTM)1.95× · Pricier than median
P/FCF0.3× · Cheapest 25%
EV/EBITDA35.9× · Priciest 25%
PEG0.62× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)10· sector 38
PAST (return on equity)19· sector 26
HEALTH (low debt)74· sector 95
DIVIDEND (yield)10· sector 25
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Universal Microelectronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2413
Frequently asked questions
Is Universal Microelectronics Co Ltd (2413) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 9.58 TWD versus a price of 51.30 TWD, about −81% upside (overvalued).
What is the fair value of 2413?
Our model-based fair value for Universal Microelectronics Co Ltd is 9.58 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 51.30 TWD.
What is the quality score of 2413?
Universal Microelectronics Co Ltd has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Universal Microelectronics Co Ltd (2413)?
Our model-based price target is the fair value of 9.58 TWD (as of Sep 24, 2026) from 20 valuation models. Cautious scenario 9.58 TWD, optimistic scenario 11.22 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Universal Microelectronics Co Ltd stock forecast for 2026?
Our models put fair value at 9.58 TWD, about −81% upside versus a price of 51.30 TWD (overvalued). Cautious scenario 9.58 TWD, optimistic scenario 11.22 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Universal Microelectronics Co Ltd (2413)?
Universal Microelectronics Co Ltd reported trailing-twelve-month revenue of about 3.4B TWD (latest available figure, as of Sep 24, 2026).
Does Universal Microelectronics Co Ltd pay a dividend?
Universal Microelectronics Co Ltd currently shows a dividend yield of about 0.48% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Universal Microelectronics Co Ltd (2413)?
For today's price to be fair in a discounted-cash-flow model, Universal Microelectronics Co Ltd would have to grow free cash flow by +2.8 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2413 use?
Our models discount Universal Microelectronics Co Ltd at 12.0 %: a base by market capitalisation (micro), damped by beta 0.60, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Universal Microelectronics Co Ltd that is +2.8 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Universal Microelectronics Co Ltd (2413) delivered so far?
Over the past 5 years revenue at Universal Microelectronics Co Ltd grew -2.5 % a year. The price currently implies +2.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Universal Microelectronics Co Ltd (2413) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Universal Microelectronics Co Ltd (+2.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Universal Microelectronics Co Ltd (2413)?
The free-cash-flow yield on the price is 9.52 %: that much free cash flow Universal Microelectronics Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Universal Microelectronics Co Ltd (2413)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Universal Microelectronics Co Ltd it is 9.58 TWD per share (as of Sep 24, 2026), against a price of 51.30 TWD. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is Universal Microelectronics Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2413 trades above its calculated fair value: price 51.30 TWD, fair value 9.58 TWD, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2413?
No. The price is what the market pays today (51.30 TWD); the fair value is what the company's own numbers justify (9.58 TWD). For Universal Microelectronics Co Ltd the two are 41.72 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Universal Microelectronics Co Ltd worth?
The market values Universal Microelectronics Co Ltd at about 6.6B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 51.30 TWD; our models calculate a fair value of 9.58 TWD per share.
What do the bullish and bearish scenarios say about 2413?
Our models span a range for Universal Microelectronics Co Ltd: cautious scenario 9.58 TWD, base 9.58 TWD, optimistic 11.22 TWD per share (as of Sep 24, 2026, price 51.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2413?
Universal Microelectronics Co Ltd trades at a price-to-earnings ratio of 125.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 9.58 TWD is built from several models across several years. Other multiples: PEG 0.6, P/B 3.3, P/S 2.0, EV/EBITDA 35.9.
What is the PEG ratio of 2413?
The PEG ratio of Universal Microelectronics Co Ltd is 0.62 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Universal Microelectronics Co Ltd (2413)?
Balance-sheet figures for Universal Microelectronics Co Ltd (as of Sep 24, 2026): return on equity 4.9%, debt of 0.52 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 2413 from its 52-week high?
Universal Microelectronics Co Ltd trades at 51.30 TWD, about 18% below its 52-week high of 62.50 TWD and 160% above the low of 19.70 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 9.58 TWD is for.
Which stocks are comparable to Universal Microelectronics Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Universal Microelectronics Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 51.30 TWD, calculated fair value 9.58 TWD (−81%), Quality Score 67/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2413 calculated?
We run Universal Microelectronics Co Ltd through 20 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 9.58 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Universal Microelectronics Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Universal Microelectronics Co Ltd (2413)?
The closing price on Sep 24, 2026 was 51.30 TWD. Our model-based fair value is 9.58 TWD, about −81% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Universal Microelectronics Co Ltd right now?
The price sits above even our optimistic bull case (11.22 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Universal Microelectronics Co Ltd (2413) come from?
Earnings per share at Universal Microelectronics Co Ltd grew −0.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.8 %, EBIT margin −7.6 %, tax rate +2.3 %, residual (interest, one-offs) +6.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Universal Microelectronics Co Ltd
How large is the market capitalisation of Universal Microelectronics Co Ltd (2413)?
The market capitalisation of Universal Microelectronics Co Ltd is 6.6B TWD (≈ $206M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Universal Microelectronics Co Ltd (2413)?
The price-to-sales ratio of Universal Microelectronics Co Ltd is 1.96 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Universal Microelectronics Co Ltd (2413)?
Earnings per share at Universal Microelectronics Co Ltd are 0.4100 TWD (price ÷ EPS = P/E 125.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Universal Microelectronics Co Ltd (2413)?
The dividend yield of Universal Microelectronics Co Ltd is 0.5% (payout 60.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Universal Microelectronics Co Ltd (2413)?
The net margin of Universal Microelectronics Co Ltd is 1.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Universal Microelectronics Co Ltd (2413)?
The return on equity (ROE) of Universal Microelectronics Co Ltd is 4.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Universal Microelectronics Co Ltd (2413)?
On an EBIT basis the return on assets of Universal Microelectronics Co Ltd is 1.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Universal Microelectronics Co Ltd (2413)?
The operating margin of Universal Microelectronics Co Ltd is 2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Universal Microelectronics Co Ltd (2413)?
Revenue at Universal Microelectronics Co Ltd is growing +1.9% versus a year earlier (3y avg −11.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Universal Microelectronics Co Ltd (2413)?
Earnings per share at Universal Microelectronics Co Ltd are growing +240% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Universal Microelectronics Co Ltd (2413) carry?
The net debt of Universal Microelectronics Co Ltd is 417M TWD (fiscal year 2025, ≈ 0.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Universal Microelectronics Co Ltd in the live analysis
One click puts Universal Microelectronics Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
