United Electronics Company

SASE:4003 Stock Report

Market Cap: ر.س7.2b

United Electronics Valuation

Is 4003 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 (SAR95.6) is trading above our estimate of fair value (SAR57.59)

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?

Other financial metrics that can be useful for relative valuation.

4003 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA17x
PEG Ratio1.3x

Price to Earnings Ratio vs Peers

How does 4003's PE Ratio compare to its peers?

The above table shows the PE ratio for 4003 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average68.1x
9522 Alhasoob
42xn/aر.س196.0m
4192 Al-Saif Stores for Development & Investment
39.6xn/aر.س3.9b
4190 Jarir Marketing
18.1x6.6%ر.س17.6b
4240 Fawaz Abdulaziz Al Hokair
172.7x81.4%ر.س1.9b
4003 United Electronics
18.7x14.3%ر.س7.2b

Price-To-Earnings vs Peers: 4003 is good value based on its Price-To-Earnings Ratio (18.7x) compared to the peer average (68.1x).


Price to Earnings Ratio vs Industry

How does 4003's PE Ratio compare vs other companies in the Asian Specialty Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 4003 is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the Asian Specialty Retail industry average (16.4x).


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.

4003 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.7x
Fair PE Ratio19.5x

Price-To-Earnings vs Fair Ratio: 4003 is good value based on its Price-To-Earnings Ratio (18.7x) compared to the estimated Fair Price-To-Earnings Ratio (19.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 4003 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س95.60
ر.س99.15
+3.7%
11.5%ر.س115.00ر.س75.00n/a9
Mar ’25ر.س95.50
ر.س99.15
+3.8%
11.5%ر.س115.00ر.س75.00n/a9
Feb ’25ر.س90.80
ر.س98.24
+8.2%
12.4%ر.س115.00ر.س75.00n/a8
Jan ’25ر.س92.60
ر.س93.74
+1.2%
12.1%ر.س115.00ر.س75.00n/a8
Dec ’24ر.س79.10
ر.س92.87
+17.4%
12.4%ر.س115.00ر.س75.00n/a8
Nov ’24ر.س80.70
ر.س91.50
+13.4%
12.5%ر.س115.00ر.س75.00n/a9
Oct ’24ر.س75.40
ر.س88.94
+18.0%
9.3%ر.س105.00ر.س75.00n/a8
Sep ’24ر.س76.10
ر.س89.84
+18.1%
7.7%ر.س105.00ر.س82.00n/a8
Aug ’24ر.س82.00
ر.س89.81
+9.5%
7.7%ر.س105.00ر.س82.00n/a8
Jul ’24n/a
ر.س89.81
0%
7.7%ر.س105.00ر.س82.00n/a8
Jun ’24ر.س72.70
ر.س95.45
+31.3%
22.0%ر.س150.00ر.س82.00n/a8
May ’24ر.س76.40
ر.س96.04
+25.7%
21.6%ر.س150.00ر.س82.00n/a8
Apr ’24ر.س77.70
ر.س97.19
+25.1%
20.8%ر.س150.00ر.س83.00n/a8
Mar ’24ر.س79.50
ر.س97.64
+22.8%
22.1%ر.س150.00ر.س83.00ر.س95.507
Feb ’24ر.س75.60
ر.س100.23
+32.6%
20.4%ر.س150.00ر.س90.30ر.س90.807
Jan ’24ر.س69.40
ر.س109.54
+57.8%
19.8%ر.س150.00ر.س90.30ر.س92.607
Dec ’23ر.س74.00
ر.س110.43
+49.2%
19.8%ر.س150.00ر.س90.30ر.س79.107
Nov ’23ر.س75.50
ر.س118.62
+57.1%
15.5%ر.س150.00ر.س96.09ر.س80.708
Oct ’23ر.س85.94
ر.س122.79
+42.9%
14.1%ر.س156.25ر.س96.09ر.س75.408
Sep ’23ر.س91.88
ر.س123.09
+34.0%
13.7%ر.س156.25ر.س98.44ر.س76.108
Aug ’23ر.س92.50
ر.س123.77
+33.8%
13.3%ر.س156.25ر.س98.44ر.س82.008
Jul ’23ر.س88.44
ر.س127.34
+44.0%
11.2%ر.س156.25ر.س110.94n/a7
Jun ’23ر.س91.56
ر.س128.46
+40.3%
10.3%ر.س156.25ر.س117.19ر.س72.707
May ’23ر.س100.47
ر.س128.99
+28.4%
9.7%ر.س156.25ر.س117.19ر.س76.408
Apr ’23ر.س103.91
ر.س130.30
+25.4%
8.9%ر.س156.25ر.س117.50ر.س77.708
Mar ’23ر.س101.56
ر.س133.43
+31.4%
9.4%ر.س156.25ر.س117.50ر.س79.507

Analyst Forecast: Target price is less than 20% higher than the current share price.


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