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4003

United ElectronicsSASE:4003 Stock Report

Market Cap

ر.س8.2b

7D

-1.0%

1Y

86.9%

Updated

25 Oct, 2021

Data

Company Financials +
4003 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance5/6
Financial Health3/6
Dividends3/6

4003 Overview

United Electronics Company, together with its subsidiaries, engages in the wholesale and retail operations in the Kingdom of Saudi Arabia and internationally.

United Electronics Competitors

Carrefour

ENXTPA:CA

€11.8b

Price History & Performance

Summary of all time highs, changes and price drops for United Electronics
Historical stock prices
Current Share Priceر.س140.20
52 Week Highر.س72.20
52 Week Lowر.س149.80
Beta0.51
1 Month Change-2.37%
3 Month Change6.86%
1 Year Change86.93%
3 Year Change182.76%
5 Year Change1,242.43%
Change since IPO360.93%

Recent News & Updates

Sep 13
United Electronics Company (TADAWUL:4003) Shares Could Be 35% Above Their Intrinsic Value Estimate

United Electronics Company (TADAWUL:4003) Shares Could Be 35% Above Their Intrinsic Value Estimate

How far off is United Electronics Company ( TADAWUL:4003 ) from its intrinsic value? Using the most recent financial...

Jul 14
Here's Why We Think United Electronics (TADAWUL:4003) Is Well Worth Watching

Here's Why We Think United Electronics (TADAWUL:4003) Is Well Worth Watching

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

4003SA Specialty RetailSA Market
7D-1.0%-0.3%0.5%
1Y86.9%21.5%17.4%

Return vs Industry: 4003 exceeded the SA Specialty Retail industry which returned 21.5% over the past year.

Return vs Market: 4003 exceeded the SA Market which returned 17.4% over the past year.

Price Volatility

Is 4003's price volatile compared to industry and market?
4003 volatility
4003 Beta0.51
Industry Beta0.54
Market Beta1

Stable Share Price: 4003 is not significantly more volatile than the rest of SA stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 4003's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aMohamed Galal Fahmyhttps://www.extra.com

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/Whole Sales and Consumer Finance. It is involved in the wholesale and retail trade of electric appliances, electronic gadgets, computers and spare parts and accessories, furniture, medical supplies, and office equipment and tools, as well as offers installation, maintenance, repair, and warranty services.

United Electronics Fundamentals Summary

How do United Electronics's earnings and revenue compare to its market cap?
4003 fundamental statistics
Market Capر.س8.21b
Earnings (TTM)ر.س336.77m
Revenue (TTM)ر.س5.87b

24.0x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
4003 income statement (TTM)
Revenueر.س5.87b
Cost of Revenueر.س4.80b
Gross Profitر.س1.07b
Expensesر.س734.43m
Earningsر.س336.77m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.85
Gross Margin18.24%
Net Profit Margin5.73%
Debt/Equity Ratio71.2%

How did 4003 perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

68%

Payout Ratio

Valuation

Is United Electronics undervalued compared to its fair value and its price relative to the market?

23.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 4003 (SAR140.2) is trading above our estimate of fair value (SAR117.69)

Significantly Below Fair Value: 4003 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 4003 is poor value based on its PE Ratio (24x) compared to the Asian Specialty Retail industry average (13.7x).

PE vs Market: 4003 is poor value based on its PE Ratio (24x) compared to the SA market (18.3x).


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 (9.1x) compared to the XA Specialty Retail industry average (1.3x).


Future Growth

How is United Electronics forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

14.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4003's forecast earnings growth (14.8% per year) is above the savings rate (9.1%).

Earnings vs Market: 4003's earnings (14.8% per year) are forecast to grow faster than the SA market (5.8% per year).

High Growth Earnings: 4003's earnings are forecast to grow, but not significantly.

Revenue vs Market: 4003's revenue (7.6% per year) is forecast to grow faster than the SA market (3.3% per year).

High Growth Revenue: 4003's revenue (7.6% 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 (29.9%)


Past Performance

How has United Electronics performed over the past 5 years?

38.2%

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 (5.7%) 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 38.2% per year.

Accelerating Growth: 4003's earnings growth over the past year (50.1%) exceeds its 5-year average (38.2% per year).

Earnings vs Industry: 4003 earnings growth over the past year (50.1%) exceeded the Specialty Retail industry -4.1%.


Return on Equity

High ROE: 4003's Return on Equity (37.9%) is considered high.


Financial Health

How is United Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: 4003's short term assets (SAR1.7B) exceed its short term liabilities (SAR1.3B).

Long Term Liabilities: 4003's short term assets (SAR1.7B) exceed its long term liabilities (SAR1.0B).


Debt to Equity History and Analysis

Debt Level: 4003's debt to equity ratio (71.2%) is considered high.

Reducing Debt: 4003's debt to equity ratio has increased from 0.2% to 71.2% over the past 5 years.

Debt Coverage: 4003's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 4003's interest payments on its debt are well covered by EBIT (10.2x coverage).


Balance Sheet


Dividend

What is United Electronics's current dividend yield, its reliability and sustainability?

2.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 4003's dividend (2.85%) is higher than the bottom 25% of dividend payers in the SA market (1.4%).

High Dividend: 4003's dividend (2.85%) is low compared to the top 25% of dividend payers in the SA market (4.11%).


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 (68.4%), 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 (42.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average board tenure


CEO

Mohamed Galal Fahmy (56 yo)

5.58yrs

Tenure

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...


Board Members

Experienced Board: 4003's board of directors are considered experienced (4.7 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

United Electronics Company's employee growth, exchange listings and data sources


Key Information

  • Name: United Electronics Company
  • Ticker: 4003
  • Exchange: SASE
  • Founded: 2002
  • Industry: Computer and Electronics Retail
  • Sector: Retail
  • Market Cap: ر.س8.214b
  • Shares outstanding: 57.60m
  • Website: https://www.extra.com

Location

  • United Electronics Company
  • PO Box 76688
  • Al Khobar
  • 31952
  • Saudi Arabia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:55
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.