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United Carton Industries Company (1323) Fair Value & Analysis

Consumer Cyclical · SA · Market cap 1.1B SAR

UC United Carton Industries Company 1323 · SR
Price27.60 SAR
Fair Value33.63 SAR
Upside+21.9%
Quality55/100
Healthy Growth
Thin margins · 7.2% net margin
generates free cash flow
5.43% dividend yield
Ranks above peers (12/13)
Moderate moat 47/100
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Evidence: High Range 25.22 SAR – 42.03 SAR Share as image

Fair value as of: Aug 4, 2026

From 26 valuation models · updated today

Share price +4.3% over the past month.

A solid business, screening 22% undervalued on our models.

What matters now

  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 25.22 SAR (bear) to 42.03 SAR (bull), base 33.63 SAR. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 55/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (14 months)

46.58 SAR 22.60 SAR Fair Value 33.63 SAR May 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.

How to read this chart

14‑month range 22.60 SAR – 46.58 SAR · fair‑value band 25.22 SAR – 42.03 SAR · the 27.60 SAR price screens below the 33.63 SAR fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

United Carton Industries Company (1323) currently trades at 27.60 SAR, while our model-based Fair Value estimate is 33.63 SAR, implying the stock looks roughly 21.9% undervalued today. We read business quality at 55/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, United Carton Industries Company generated revenue of 1.5B SAR at a net margin of 7.2%. Revenue grew 14.7% year over year. It earns a return on equity of 17.5%. Net debt stands at 31.6M SAR. Fundamentals as of Aug 4, 2026

Our scenario range runs from 25.22 SAR (bear case) to 42.03 SAR (bull case); at 27.60 SAR, the current price sits within that range. The share trades about 10% below its 52-week high and 22% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -11% fair-value upside, at 22%, 1323 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 13.34 SAR 15.46 SAR 26.63 SAR 76
Growth DCF 32.35 SAR 54.36 SAR 88.96 SAR 72
Gordon GGM 7.77 SAR 14.00 SAR 19.27 SAR 70
All 26 models by family
DCF Models
FCF DCF 34.39 SAR 49.22 SAR 93.55 SAR 38
Owner Earnings 28.77 SAR 57.35 SAR 110.37 SAR 31
5Y Revenue Exit 25.24 SAR 40.06 SAR 70.91 SAR 39
5Y EBITDA Exit 38.49 SAR 66.81 SAR 122.36 SAR 41
5Y P/E Exit 32.98 SAR 68.81 SAR 117.26 SAR 38
10Y Revenue Exit 27.80 SAR 53.23 SAR 67.91 SAR 36
10Y EBITDA Exit 37.29 SAR 79.24 SAR 152.11 SAR 37
10Y P/E Exit 33.61 SAR 68.42 SAR 124.67 SAR 35
Earnings-Based
Graham-Dodd 13.45 SAR 93.81 SAR 131.64 SAR 54
Lynch FV 48.46 SAR 69.23 SAR 90.00 SAR 50
PEG = 1.0 48.46 SAR 69.23 SAR 90.00 SAR 46
EPV 15.77 SAR 17.63 SAR 19.18 SAR 59
Dividend Discount
Gordon GGM 7.77 SAR 14.00 SAR 19.27 SAR 70
DDM Multi-Stage 7.77 SAR 12.79 SAR 14.96 SAR 61
Multiples
P/E Multiple 29.67 SAR 39.56 SAR 49.45 SAR 63
P/S Multiple 25.22 SAR 33.63 SAR 42.03 SAR 58
P/B Multiple 25.22 SAR 33.63 SAR 42.03 SAR 55
EV/EBIT 27.71 SAR 36.23 SAR 44.76 SAR 53
EV/EBITDA 39.79 SAR 52.34 SAR 64.89 SAR 54
EV/Revenue 19.37 SAR 26.76 SAR 34.15 SAR 43
Asset-Based
NCAV (Graham) 7.35 SAR 9.85 SAR 14.71 SAR 50
Growth DCF
Growth DCF 32.35 SAR 54.36 SAR 88.96 SAR 72
Rev-Margin DCF 27.52 SAR 45.53 SAR 83.36 SAR 67
Economic Profit
Residual Income 13.34 SAR 15.46 SAR 26.63 SAR 76
ROIC Compounder 16.92 SAR 21.77 SAR 25.89 SAR 67
Growth Earnings
Growth-Adj P/E 62.45 SAR 89.21 SAR 115.98 SAR 68

Widest divergence: Growth Earnings (89.21 SAR) versus Asset-Based (9.85 SAR). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.5B SAR
Revenue growth (YoY) +14.7%
Net margin 7.2%
Return on equity 17.5%
Free cash flow 94.8M SAR FY2025
P/E ratio 12.8
More key figures
Operating margin 8.6%
EPS (TTM) 2.11 SAR
Dividend yield 5.4%
EPS growth (YoY) +258%
Net debt 31.6M SAR FY2024

Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 57 · Market factors (momentum, volatility) 54

Profitability 54
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 27
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

United Carton Industries Company provides various paper-based packaging solutions in the Kingdom of Saudi Arabia and internationally.

Full company description

United Carton Industries Company provides various paper-based packaging solutions in the Kingdom of Saudi Arabia and internationally. The company's corrugated carton products include regular slotted containers, half slotted containers, die cut containers, wrap around cases, high graphic flexographic printing, stitched boxes, and digitally printed corrugated stands and boxes; folding carton products comprise crush lock bottom cases, flat supply products, and round cheese boxes; pulp products; and containerboard products comprising test liner and fluting. Its products are used in various industries, including food, beverages, pharmaceuticals, hardware, shipping, and storage and retail packaging. The company was incorporated in 1988 and is headquartered in Jeddah, the Kingdom of Saudi Arabia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

United Carton Industries Company reported revenue of 1.4B SAR in FY2025 versus 341M SAR in FY2021, a compound +42.5%/yr. Reported net income was 79.1M SAR in FY2025, compounding +157.9%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.4B SAR
Latest YoY
+293.3%
Avg. growth/yr (3Y)
+55.2%
Revenue +42.5%/yr
FY21 341M SAR
FY22 376M SAR
FY23 363M SAR
FY24 358M SAR
FY25 1.4B SAR
Net income +157.9%/yr
FY21 1.8M SAR
FY22 18.5M SAR
FY23 41.7M SAR
FY24 33.2M SAR
FY25 79.1M SAR

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Cite: Fair Value Calculator (2026). "United Carton Industries Company Fair Value". https://www.fairvalue-calculator.com/stock/1323

Peer Group

Packaging & Containers · 278 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside +22% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 9% · Above median
Revenue growth 15% · Top 25%
Dividend yield (TTM) 5.4% · Top 25%

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 12.8× · Cheaper than median
P/B 0.49× · Cheaper than 75% of peers
P/S (TTM) 0.20× · Cheaper than 75% of peers
P/FCF 3.0× · Pricier than median
EV/EBITDA 1.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 62 · sector 8
FUTURE 74 · sector 1
PAST 70 · sector 20
HEALTH 0 · sector 92
DIVIDEND 100 · sector 42

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥25.56 ¥20.88 -18%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Time Technoplast Limited TIMETECHNO ₹181.04 ₹161.42 -11%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%
PT Panca Budi Idaman Tbk, PBID 486.00 IDR 885.39 IDR +82%

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Frequently asked questions

Is United Carton Industries Company (1323) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 33.63 SAR versus a price of 27.60 SAR, about +22% (undervalued).
What is the fair value of 1323?
Our model-based fair value for United Carton Industries Company is 33.63 SAR (as of Aug 4, 2026), built from audited fundamentals. The current price is 27.60 SAR.
What is the quality score of 1323?
United Carton Industries Company has a Quality Score of 55/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of United Carton Industries Company (1323)?
United Carton Industries Company reported trailing-twelve-month revenue of about 1.5B SAR (latest available figure, as of Aug 4, 2026).
What is the net profit margin of 1323?
The net profit margin of United Carton Industries Company is about 7.2%, meaning it keeps roughly 7.2% of revenue as net income. Based on the latest reported figures.
Does United Carton Industries Company pay a dividend?
United Carton Industries Company currently shows a dividend yield of about 5.43% relative to its recent price (as of Aug 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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