FSLR vs. UMC: First Solar vs. United Microelectronics Stock Comparison
How do First Solar (FSLR) and United Microelectronics (UMC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
First Solar (FSLR) and United Microelectronics (UMC) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.
First Solar (FSLR) trades as ordinary local shares, while United Microelectronics (UMC) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | FSLR | UMC |
|---|---|---|
| Name | First Solar Inc. | United Microelectronics Corp. ADR |
| Country/Region | United States | Taiwan |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Semiconductors & Semiconductor Equipment | Semiconductors & Semiconductor Equipment |
| GICS Industry | Semiconductors & Semiconductor Equipment | Semiconductors & Semiconductor Equipment |
| GICS Sub-Industry | Semiconductors | Semiconductors |
| Market Capitalization | 21.62 billion USD | 34.73 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | November 17, 2006 | September 19, 2000 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FSLR | UMC |
|---|---|---|
| Total Return (1Y) | -28.81% | 102.63% |
| Total Return (3Y, Annualized) | 12.86% | 31.57% |
| Total Return (5Y, Annualized) | 10.80% | 11.51% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FSLR | UMC |
|---|---|---|
| Volatility (1Y, Annualized) | 52.55% | 67.94% |
| Beta (5Y) | 1.67 | 1.77 |
| Max Drawdown (5Y) | -59.97% | -54.30% |
| Avg. Volume (3M) | 2.40M | 11.82M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FSLR | UMC |
|---|---|---|
| Sharpe Ratio (1Y) | -0.63 | 1.45 |
| Sortino Ratio (1Y) | -0.85 | 2.35 |
Profitability
ROE (TTM)
Both First Solar (FSLR) at 18.71% and United Microelectronics (UMC) at 20.37% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
FSLR
Semiconductors & Semiconductor Equipment industry group
18.71%
- Max
- 52.82%
- Q3
- 22.26%
- FSLR
- 18.71%
- Median
- 10.58%
- Q1
- 1.29%
- Min
- -16.89%
UMC
Semiconductors & Semiconductor Equipment industry group
20.37%
- Max
- 52.82%
- Q3
- 22.26%
- UMC
- 20.37%
- Median
- 10.58%
- Q1
- 1.29%
- Min
- -16.89%
Net Margin (TTM)
For every dollar of sales, both First Solar (FSLR) at 37.12% and United Microelectronics (UMC) at 31.95% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
FSLR
Semiconductors & Semiconductor Equipment industry group
37.12%
- Max
- 63.80%
- FSLR
- 37.12%
- Q3
- 28.36%
- Median
- 11.44%
- Q1
- 0.90%
- Min
- -37.77%
UMC
Semiconductors & Semiconductor Equipment industry group
31.95%
- Max
- 63.80%
- UMC
- 31.95%
- Q3
- 28.36%
- Median
- 11.44%
- Q1
- 0.90%
- Min
- -37.77%
Operating Margin (TTM)
First Solar (FSLR) at 44.37% operates in the top operating margin quartile, ahead of United Microelectronics (UMC) at 25.09%, which runs around its industry’s norm.
FSLR
Semiconductors & Semiconductor Equipment industry group
44.37%
- Max
- 58.66%
- FSLR
- 44.37%
- Q3
- 30.23%
- Median
- 15.91%
- Q1
- 7.54%
- Min
- -25.74%
UMC
Semiconductors & Semiconductor Equipment industry group
25.09%
- Max
- 58.66%
- Q3
- 30.23%
- UMC
- 25.09%
- Median
- 15.91%
- Q1
- 7.54%
- Min
- -25.74%
Profitability Metrics
| Metric | FSLR | UMC |
|---|---|---|
| ROE (TTM) | 18.71% | 20.37% |
| ROA (TTM) | 8.60% | 5.79% |
| Net Margin (TTM) | 37.12% | 31.95% |
| Operating Margin (TTM) | 44.37% | 25.09% |
| Gross Margin (TTM) | 49.25% | 31.72% |
Growth
Revenue Growth
Both First Solar (FSLR) at 24.09% and United Microelectronics (UMC) at 2.26% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both First Solar (FSLR) at 18.22% and United Microelectronics (UMC) at -12.57% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | FSLR | UMC |
|---|---|---|
| Revenue Growth (YoY) | 24.09% | 2.26% |
| Revenue Growth (3Y CAGR) | 25.84% | -5.19% |
| EPS Growth (YoY) | 18.22% | -12.57% |
| EPS Growth (3Y CAGR) | -- | -21.92% |
Financial Strength
Current Ratio (MRQ)
Both First Solar (FSLR) at 2.57 and United Microelectronics (UMC) at 3.27 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
FSLR
Semiconductors & Semiconductor Equipment industry group
2.57
- Max
- 10.33
- Q3
- 5.62
- Median
- 3.33
- FSLR
- 2.57
- Q1
- 2.35
- Min
- 1.03
UMC
Semiconductors & Semiconductor Equipment industry group
3.27
- Max
- 10.33
- Q3
- 5.62
- Median
- 3.33
- UMC
- 3.27
- Q1
- 2.35
- Min
- 1.03
Debt / Equity (MRQ)
First Solar (FSLR) at 0.03 keeps leverage in the lower industry quartile, while United Microelectronics (UMC) at 0.17 runs a more typical debt-to-equity mix.
FSLR
Semiconductors & Semiconductor Equipment industry group
0.03
- Max
- 1.46
- Q3
- 0.65
- Median
- 0.27
- Q1
- 0.04
- FSLR
- 0.03
- Min
- 0.00
UMC
Semiconductors & Semiconductor Equipment industry group
0.17
- Max
- 1.46
- Q3
- 0.65
- Median
- 0.27
- UMC
- 0.17
- Q1
- 0.04
- Min
- 0.00
Financial Strength Metrics
| Metric | FSLR | UMC |
|---|---|---|
| Current Ratio (MRQ) | 2.57 | 3.27 |
| Debt / Equity (MRQ) | 0.03 | 0.17 |
| Net Debt / EBITDA | -0.52 | -0.60 |
Dividends
Dividend Yield (TTM)
First Solar (FSLR) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile United Microelectronics (UMC) reports a yield of 19.43%, ranking against industry peers normally.
FSLR
Semiconductors & Semiconductor Equipment industry group
0.00%
- Max
- 1.37%
- Q3
- 0.65%
- FSLR
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
UMC
Semiconductors & Semiconductor Equipment industry group
19.43%
- UMC
- 19.43%
- Max
- 1.37%
- Q3
- 0.65%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
First Solar (FSLR) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile United Microelectronics (UMC) reports a payout of 37.46%, ranking against industry peers normally.
FSLR
Semiconductors & Semiconductor Equipment industry group
0.00%
- Max
- 49.64%
- Q3
- 21.71%
- FSLR
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
UMC
Semiconductors & Semiconductor Equipment industry group
37.46%
- Max
- 49.64%
- UMC
- 37.46%
- Q3
- 21.71%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | FSLR | UMC |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 19.43% |
| Dividend Payout Ratio (TTM) | 0.00% | 37.46% |
Valuation
P/E Ratio (TTM)
Both First Solar (FSLR) at 11.63 and United Microelectronics (UMC) at 13.07 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.
FSLR
Semiconductors & Semiconductor Equipment industry group
11.63
- Max
- 110.34
- Q3
- 66.81
- Median
- 37.02
- Q1
- 23.96
- FSLR
- 11.63
- Min
- 8.12
UMC
Semiconductors & Semiconductor Equipment industry group
13.07
- Max
- 110.34
- Q3
- 66.81
- Median
- 37.02
- Q1
- 23.96
- UMC
- 13.07
- Min
- 8.12
P/S Ratio (TTM)
United Microelectronics (UMC) at 0.13 sits in the cheaper P/S ratio quartile while First Solar (FSLR) at 4.31 prices around its industry’s middle — UMC costs less per dollar of sales, though read it alongside growth and margins.
FSLR
Semiconductors & Semiconductor Equipment industry group
4.31
- Max
- 21.42
- Q3
- 12.27
- Median
- 5.76
- FSLR
- 4.31
- Q1
- 2.73
- Min
- 0.00
UMC
Semiconductors & Semiconductor Equipment industry group
0.13
- Max
- 21.42
- Q3
- 12.27
- Median
- 5.76
- Q1
- 2.73
- UMC
- 0.13
- Min
- 0.00
P/B Ratio (MRQ)
First Solar (FSLR) at 1.99 sits in the lower P/B ratio quartile against book while United Microelectronics (UMC) at 2.39 is valued near its industry’s middle — FSLR is cheaper on assets, though weigh it against ROE and asset quality.
FSLR
Semiconductors & Semiconductor Equipment industry group
1.99
- Max
- 14.06
- Q3
- 7.44
- Median
- 4.29
- Q1
- 2.30
- FSLR
- 1.99
- Min
- 0.20
UMC
Semiconductors & Semiconductor Equipment industry group
2.39
- Max
- 14.06
- Q3
- 7.44
- Median
- 4.29
- UMC
- 2.39
- Q1
- 2.30
- Min
- 0.20
Valuation Metrics
| Metric | FSLR | UMC |
|---|---|---|
| P/E Ratio (TTM) | 11.63 | 13.07 |
| P/S Ratio (TTM) | 4.31 | 0.13 |
| P/B Ratio (MRQ) | 1.99 | 2.39 |
| Free Cash Flow Yield (TTM) | 3.18% | 129.43% |