United Electronics Valuation
Is 4003 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Future Cash Flow Value
Significantly Below Future Cash Flow 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.
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Below Future Cash Flow Value: 4003 (SAR69.5) is trading below our estimate of future cash flow value (SAR145.69)
Significantly Below Future Cash Flow Value: 4003 is trading below future cash flow value by more than 20%.
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 | 10.2x |
| Earnings | ر.س501.59m |
| Market Cap | ر.س5.13b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1x |
| Enterprise Value/EBITDA | 10.9x |
| PEG Ratio | 2.2x |
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 | 31.2x | ||
9522 Alhasoob | 13.3x | n/a | ر.س98.7m |
4050 Saudi Automotive Services | 48.7x | -11.62% | ر.س3.1b |
4192 Al-Saif Stores for Development & Investment | 36.4x | 11.11% | ر.س2.2b |
4200 Aldrees Petroleum and Transport Services | 26.2x | 11.16% | ر.س12.1b |
4003 United Electronics | 10.2x | 4.73% | ر.س5.1b |
Price-To-Earnings vs Peers: 4003 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (31.2x).
Historical Price to Earnings Ratio
Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.
Fetching historical data
Price to Earnings Ratio vs Industry
How does 4003's PE Ratio compare vs other companies in the Asian Specialty Retail Industry?
| 4 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 4 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: 4003 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the Asian Specialty Retail industry average (13.9x).
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 | 10.2x |
| Fair PE Ratio | 20.9x |
Price-To-Earnings vs Fair Ratio: 4003 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).
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.س69.50 | ر.س95.13 +36.88% | 15.89% | ر.س129.00 | ر.س75.00 | n/a | 10 |
| Sep ’27 | ر.س67.40 | ر.س95.93 +42.33% | 15.11% | ر.س129.00 | ر.س75.00 | n/a | 10 |
| Aug ’27 | ر.س66.15 | ر.س104.77 +58.38% | 16.88% | ر.س140.00 | ر.س82.90 | n/a | 9 |
| Jul ’27 | ر.س73.65 | ر.س104.28 +41.58% | 14.11% | ر.س140.00 | ر.س88.00 | n/a | 8 |
| Jun ’27 | ر.س77.40 | ر.س112.29 +45.07% | 12.65% | ر.س140.00 | ر.س93.00 | n/a | 8 |
| May ’27 | ر.س80.50 | ر.س111.74 +38.81% | 12.06% | ر.س140.00 | ر.س93.00 | n/a | 9 |
| Apr ’27 | ر.س81.70 | ر.س112.96 +38.26% | 12.24% | ر.س140.00 | ر.س93.00 | n/a | 8 |
| Mar ’27 | ر.س82.10 | ر.س112.96 +37.59% | 12.24% | ر.س140.00 | ر.س93.00 | n/a | 8 |
| Feb ’27 | ر.س87.80 | ر.س115.81 +31.91% | 10.69% | ر.س140.00 | ر.س104.00 | n/a | 7 |
| Jan ’27 | ر.س84.90 | ر.س114.46 +34.82% | 10.59% | ر.س140.00 | ر.س104.00 | n/a | 8 |
| Dec ’26 | ر.س87.65 | ر.س114.24 +30.34% | 10.04% | ر.س140.00 | ر.س104.00 | n/a | 9 |
| Nov ’26 | ر.س88.70 | ر.س113.79 +28.29% | 10.49% | ر.س140.00 | ر.س99.90 | n/a | 9 |
| Oct ’26 | ر.س89.95 | ر.س110.39 +22.72% | 7.20% | ر.س129.00 | ر.س99.90 | n/a | 8 |
| Sep ’26 | ر.س90.35 | ر.س114.49 +26.72% | 9.79% | ر.س140.00 | ر.س105.00 | ر.س67.40 | 9 |
| Aug ’26 | ر.س89.75 | ر.س115.38 +28.55% | 10.05% | ر.س140.00 | ر.س105.00 | ر.س66.15 | 8 |
| Jul ’26 | ر.س87.25 | ر.س115.38 +32.23% | 10.05% | ر.س140.00 | ر.س105.00 | ر.س73.65 | 8 |
| Jun ’26 | ر.س87.00 | ر.س115.50 +32.76% | 11.83% | ر.س140.00 | ر.س97.30 | ر.س77.40 | 8 |
| May ’26 | ر.س91.60 | ر.س117.50 +28.28% | 10.89% | ر.س140.00 | ر.س97.30 | ر.س80.50 | 8 |
| Apr ’26 | ر.س94.20 | ر.س117.50 +24.73% | 10.89% | ر.س140.00 | ر.س97.30 | ر.س81.70 | 8 |
| Mar ’26 | ر.س97.80 | ر.س117.70 +20.35% | 10.72% | ر.س140.00 | ر.س97.30 | ر.س82.10 | 8 |
| Feb ’26 | ر.س98.40 | ر.س114.51 +16.38% | 8.76% | ر.س129.00 | ر.س97.30 | ر.س87.80 | 7 |
| Jan ’26 | ر.س90.10 | ر.س111.10 +23.31% | 6.61% | ر.س120.00 | ر.س97.30 | ر.س84.90 | 6 |
| Dec ’25 | ر.س100.80 | ر.س109.93 +9.06% | 6.23% | ر.س120.00 | ر.س97.30 | ر.س87.65 | 6 |
| Nov ’25 | ر.س101.00 | ر.س108.77 +7.69% | 7.00% | ر.س120.00 | ر.س97.30 | ر.س88.70 | 7 |
| Oct ’25 | ر.س94.30 | ر.س110.18 +16.83% | 7.29% | ر.س120.00 | ر.س97.30 | ر.س89.95 | 8 |
| Sep ’25 | ر.س92.50 | ر.س108.27 +17.05% | 8.59% | ر.س120.00 | ر.س93.00 | ر.س90.35 | 9 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/11 19:20 |
| End of Day Share Price | 2026/09/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
United Electronics Company is covered by 14 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Fahad Qureshi | Aljazira Capital Company |
| Salma Afifi | Arqaam Capital Research Offshore S.A.L. |
| Aly Adel | Arqaam Capital Research Offshore S.A.L. |