United Electronics Valuation
Is 4003 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of 4003 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 4003 (SAR97) is trading above our estimate of fair value (SAR47.1)
Significantly Below Fair Value: 4003 is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 4003?
Key metric: As 4003 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 4003's PE Ratio? | |
|---|---|
| PE Ratio | 15.4x |
| Earnings | ر.س482.87m |
| Market Cap | ر.س7.39b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 15.5x |
| PEG Ratio | 1.2x |
Price to Earnings Ratio vs Peers
How does 4003's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 41.9x | ||
9522 Alhasoob | 79.2x | n/a | ر.س145.6m |
4165 Al Majed for Oud | 20.8x | 11.1% | ر.س3.7b |
4190 Jarir Marketing | 15.8x | 7.3% | ر.س15.4b |
4050 Saudi Automotive Services | 51.6x | n/a | ر.س5.5b |
4003 United Electronics | 15.3x | 13.1% | ر.س7.4b |
Price-To-Earnings vs Peers: 4003 is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (41.9x).
Price to Earnings Ratio vs Industry
How does 4003's PE Ratio compare vs other companies in the Asian Specialty Retail Industry?
| 2 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 2 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: 4003 is good value based on its Price-To-Earnings Ratio (15.3x) compared to the Asian Specialty Retail industry average (17.6x).
Price to Earnings Ratio vs Fair Ratio
What is 4003's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 15.4x |
| Fair PE Ratio | 24.2x |
Price-To-Earnings vs Fair Ratio: 4003 is good value based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (24.2x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | ر.س97.30 | ر.س108.77 +11.8% | 7.0% | ر.س120.00 | ر.س97.30 | n/a | 7 |
| Nov ’25 | ر.س101.00 | ر.س108.77 +7.7% | 7.0% | ر.س120.00 | ر.س97.30 | n/a | 7 |
| Oct ’25 | ر.س94.30 | ر.س110.18 +16.8% | 7.3% | ر.س120.00 | ر.س97.30 | n/a | 8 |
| Sep ’25 | ر.س92.50 | ر.س108.27 +17.0% | 8.6% | ر.س120.00 | ر.س93.00 | n/a | 9 |
| Aug ’25 | ر.س93.20 | ر.س106.32 +14.1% | 9.7% | ر.س120.00 | ر.س91.44 | n/a | 9 |
| Jul ’25 | ر.س95.80 | ر.س106.85 +11.5% | 9.7% | ر.س120.00 | ر.س91.44 | n/a | 9 |
| Jun ’25 | ر.س89.00 | ر.س105.18 +18.2% | 8.8% | ر.س120.00 | ر.س91.44 | n/a | 9 |
| May ’25 | ر.س98.70 | ر.س102.16 +3.5% | 12.4% | ر.س120.00 | ر.س75.00 | n/a | 10 |
| Apr ’25 | ر.س96.00 | ر.س99.15 +3.3% | 11.5% | ر.س115.00 | ر.س75.00 | n/a | 9 |
| Mar ’25 | ر.س95.50 | ر.س99.15 +3.8% | 11.5% | ر.س115.00 | ر.س75.00 | n/a | 9 |
| Feb ’25 | ر.س90.80 | ر.س98.24 +8.2% | 12.4% | ر.س115.00 | ر.س75.00 | n/a | 8 |
| Jan ’25 | ر.س92.60 | ر.س93.74 +1.2% | 12.1% | ر.س115.00 | ر.س75.00 | n/a | 8 |
| Dec ’24 | ر.س79.10 | ر.س92.87 +17.4% | 12.4% | ر.س115.00 | ر.س75.00 | n/a | 8 |
| Nov ’24 | ر.س80.70 | ر.س91.50 +13.4% | 12.5% | ر.س115.00 | ر.س75.00 | ر.س101.00 | 9 |
| Oct ’24 | ر.س75.40 | ر.س88.94 +18.0% | 9.3% | ر.س105.00 | ر.س75.00 | ر.س94.30 | 8 |
| Sep ’24 | ر.س76.10 | ر.س89.84 +18.1% | 7.7% | ر.س105.00 | ر.س82.00 | ر.س92.50 | 8 |
| Aug ’24 | ر.س82.00 | ر.س89.81 +9.5% | 7.7% | ر.س105.00 | ر.س82.00 | ر.س93.20 | 8 |
| Jul ’24 | n/a | ر.س89.81 0% | 7.7% | ر.س105.00 | ر.س82.00 | ر.س95.80 | 8 |
| Jun ’24 | ر.س72.70 | ر.س95.45 +31.3% | 22.0% | ر.س150.00 | ر.س82.00 | ر.س89.00 | 8 |
| May ’24 | ر.س76.40 | ر.س96.04 +25.7% | 21.6% | ر.س150.00 | ر.س82.00 | ر.س98.70 | 8 |
| Apr ’24 | ر.س77.70 | ر.س97.19 +25.1% | 20.8% | ر.س150.00 | ر.س83.00 | ر.س96.00 | 8 |
| Mar ’24 | ر.س79.50 | ر.س97.64 +22.8% | 22.1% | ر.س150.00 | ر.س83.00 | ر.س95.50 | 7 |
| Feb ’24 | ر.س75.60 | ر.س100.23 +32.6% | 20.4% | ر.س150.00 | ر.س90.30 | ر.س90.80 | 7 |
| Jan ’24 | ر.س69.40 | ر.س109.54 +57.8% | 19.8% | ر.س150.00 | ر.س90.30 | ر.س92.60 | 7 |
| Dec ’23 | ر.س74.00 | ر.س110.43 +49.2% | 19.8% | ر.س150.00 | ر.س90.30 | ر.س79.10 | 7 |
| Nov ’23 | ر.س75.50 | ر.س118.62 +57.1% | 15.5% | ر.س150.00 | ر.س96.09 | ر.س80.70 | 8 |
Analyst Forecast: Target price is less than 20% higher than the current share price.