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STOCK COMPARISON

United Carton Industries vs Smurfit WestRock: Fair Value & Quality

Both stocks run through our valuation models. Here is how United Carton Industries (1323) and Smurfit WestRock (SW) compare, as of Sep 6, 2026.

As of Sep 6, 2026, Fair Value Calculator sees United Carton Industries as the more attractively valued of the two: United Carton Industries trades at SAR 27.10 versus a fair value of SAR 33.63 (+24%), while Smurfit WestRock trades at $45.83 versus $28.44 (-38%).
United Carton Industries
1323.SR · SAR · Consumer Cyclical
+24%
upside to fair value
undervalued
PriceSAR 27.10
Fair ValueSAR 33.63
Quality55/100
Smurfit WestRock
SW · USD · Materials
-38%
upside to fair value
overvalued
Price$45.83
Fair Value$28.44
Quality32/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

United Carton IndustriesSmurfit WestRock
Valuation
12.8×P/E (TTM)65.0×
0.20×P/S (TTM)0.73×
0.49×P/B1.06×
1.2×EV/EBITDA7.4×
PEG0.28×
+24.1%Fair value upside−37.9%
5.5%Dividend yield3.8%
SAR 1.50Dividend per share$1.75
Profitability
9%Operating margin7%
18.00×EBIT margin trend (5Y)0.68×
17%Return on equity2%
6%Return on assets3%
Growth
15%Revenue growth (YoY)1%
55.2%Avg. growth/yr (3Y)35.2%
Avg. growth/yr (5Y)29.6%
+67.9%Value creation/yr+0.7%
Balance & size
14.9×Interest coverage (EBIT/interest)2.6×
Debt / equity0.62×
$287MMarket cap$23B
healthyGrowth qualitymixed
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

United Carton Industries leads: 9 to 0 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

United Carton Industriesof which business quality 57 · market factors 57 Smurfit WestRockof which business quality 34 · market factors 51
ProfitabilityMargins and returns on capital today
54
26
Quality GrowthAre margins and returns improving?
29
74
CashflowEarnings quality: real cash, not paper profit
56
44
Fin. StrengthBalance sheet, leverage, solvency risk
81
34
InvestmentDisciplined investing over empire-building
27
24
Low VolatilityCalm price path (market factor)
77
51
MomentumPrice trend over the last 3–12 months (market factor)
50
50
52W MomentumDistance to the 52-week high (market factor)
45
52
Net IssuanceBuybacks instead of dilution
82
0

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyUnited Carton IndustriesPrice SAR 27.10Smurfit WestRockPrice $45.83
DCF Models+122%above the priceSAR 60.07-41%below the price$27.22
Earnings-Based+155%above the priceSAR 69.23-66%below the price$15.40
Dividend Discount-51%below the priceSAR 13.40-34%below the price$30.19
Multiples+29%above the priceSAR 34.93-41%below the price$27.09
Asset-Based-64%below the priceSAR 9.85-40%below the price$27.50
Growth DCF+84%above the priceSAR 49.95-35%below the price$29.57
Economic Profit-31%below the priceSAR 18.62-48%below the price$23.97
Growth Earnings+239%above the priceSAR 91.90-56%below the price$20.02
Minimum-64%below the priceSAR 9.85-66%below the price$15.40
Maximum+239%above the priceSAR 91.90-34%below the price$30.19
Median+57%above the priceSAR 42.44-41%below the price$27.16
Geometric mean+24%above the priceSAR 33.63-46%below the price$24.59

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

United Carton Industries: 7 of 26 models see the stock below the current price.

Smurfit WestRock: 23 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

United Carton Industries
Bear SAR 25.22Fair Value SAR 33.63Bull SAR 42.03
SAR 27.10 = current price (white tick)
Smurfit WestRock
Bear $19.63Fair Value $28.44Bull $35.55
$45.83 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

United Carton Industries · Consumer Cyclical

Quality score55 · above median
Fair value upside+24% · above median

Smurfit WestRock · Materials

Quality score32 · bottom 25%
Fair value upside-38% · below median

Bottom line

As of Sep 6, 2026, Fair Value Calculator sees United Carton Industries as the more attractively valued of the two: United Carton Industries trades at SAR 27.10 versus a fair value of SAR 33.63 (+24%), while Smurfit WestRock trades at $45.83 versus $28.44 (-38%).

United Carton Industries has the higher quality score (55/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.