United Electronics Company, together with its subsidiaries, engages in the wholesale and retail operations in the Kingdom of Saudi Arabia and internationally. More Details
Solid track record with reasonable growth potential.
Share Price & News
How has United Electronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 4003 is not significantly more volatile than the rest of SA stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 4003's weekly volatility (4%) has been stable over the past year.
7 Day Return
SA Specialty Retail
1 Year Return
SA Specialty Retail
Return vs Industry: 4003 exceeded the SA Specialty Retail industry which returned 46.9% over the past year.
Return vs Market: 4003 exceeded the SA Market which returned 14.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is United Electronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StUnited Electronics Company (TADAWUL:4003) Will Pay A ر.س2.00 Dividend In Three Days
2 weeks ago | Simply Wall StHere's Why We Think United Electronics (TADAWUL:4003) Is Well Worth Watching
1 month ago | Simply Wall StAre Institutions Heavily Invested In United Electronics Company's (TADAWUL:4003) Shares?
Is United Electronics undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 4003 (SAR135.4) is trading above our estimate of fair value (SAR107.76)
Significantly Below Fair Value: 4003 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 4003 is good value based on its PE Ratio (23.9x) compared to the SA Specialty Retail industry average (28.9x).
PE vs Market: 4003 is good value based on its PE Ratio (23.9x) compared to the SA market (33.9x).
Price to Earnings Growth Ratio
PEG Ratio: 4003 is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: 4003 is overvalued based on its PB Ratio (10x) compared to the SA Specialty Retail industry average (6.6x).
How is United Electronics forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 4003's forecast earnings growth (14.9% per year) is above the savings rate (8.8%).
Earnings vs Market: 4003's earnings (14.9% per year) are forecast to grow faster than the SA market (6.8% per year).
High Growth Earnings: 4003's earnings are forecast to grow, but not significantly.
Revenue vs Market: 4003's revenue (7.2% per year) is forecast to grow faster than the SA market (3.3% per year).
High Growth Revenue: 4003's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 4003's Return on Equity is forecast to be high in 3 years time (35.2%)
How has United Electronics performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 4003 has a high level of non-cash earnings.
Growing Profit Margin: 4003's current net profit margins (5.4%) are higher than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: 4003 has become profitable over the past 5 years, growing earnings by 41.4% per year.
Accelerating Growth: 4003's earnings growth over the past year (58.2%) exceeds its 5-year average (41.4% per year).
Earnings vs Industry: 4003 earnings growth over the past year (58.2%) exceeded the Specialty Retail industry 1.6%.
Return on Equity
High ROE: 4003's Return on Equity (41.8%) is considered outstanding.
How is United Electronics's financial position?
Financial Position Analysis
Short Term Liabilities: 4003's short term assets (SAR2.0B) exceed its short term liabilities (SAR1.6B).
Long Term Liabilities: 4003's short term assets (SAR2.0B) exceed its long term liabilities (SAR1.0B).
Debt to Equity History and Analysis
Debt Level: 4003's debt to equity ratio (62.7%) is considered high.
Reducing Debt: 4003's debt to equity ratio has increased from 20.3% to 62.7% over the past 5 years.
Debt Coverage: 4003's debt is well covered by operating cash flow (26%).
Interest Coverage: 4003's interest payments on its debt are well covered by EBIT (9.4x coverage).
What is United Electronics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 4003's dividend (2.95%) is higher than the bottom 25% of dividend payers in the SA market (1.46%).
High Dividend: 4003's dividend (2.95%) is low compared to the top 25% of dividend payers in the SA market (4.32%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 4003 has been paying a dividend for less than 10 years.
Growing Dividend: 4003's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.9%), 4003's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 4003's dividends in 3 years are forecast to be well covered by earnings (46.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mohamed Galal Fahmy (56 yo)
Mr. Mohamed Galal Ali Fahmy serves as the Chief Executive Officer and Manager of United Electronics Company since March 10, 2016. Mr. Fahmy serves as a Director of United Electronics Company since 2007. He...
Experienced Board: 4003's board of directors are considered experienced (4.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
United Electronics Company's company bio, employee growth, exchange listings and data sources
- Name: United Electronics Company
- Ticker: 4003
- Exchange: SASE
- Founded: 2002
- Industry: Computer and Electronics Retail
- Sector: Retail
- Market Cap: ر.س7.799b
- Shares outstanding: 57.60m
- Website: https://www.extra.com
- United Electronics Company
- PO Box 76688
- Al Khobar
- Saudi Arabia
United Electronics Company, together with its subsidiaries, engages in the wholesale and retail operations in the Kingdom of Saudi Arabia and internationally. The company operates in two segments, Retail/W...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/30 14:04|
|End of Day Share Price||2021/07/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.