United Electronics Company (4003) fair value: what the stock is really worth
We calculate from audited financials what United Electronics Company is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 52.53 SAR – 90.74 SAR · fair‑value band 81.90 SAR – 157.28 SAR · the 68.00 SAR price screens below the 118.99 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
United Electronics Company engages in the wholesale and retail trade of electric appliances, electronic gadgets, computers and their spare parts and accessories, furniture, and office equipment and tools in the Kingdom of Saudi Arabia and internationally. It operates in two segments, Sales and Services, and Consumer Finance.
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United Electronics Company engages in the wholesale and retail trade of electric appliances, electronic gadgets, computers and their spare parts and accessories, furniture, and office equipment and tools in the Kingdom of Saudi Arabia and internationally. It operates in two segments, Sales and Services, and Consumer Finance. The company provides e-commerce, installation, and repair services for electronic products, computers, smartphones, and accessories, as well as extended warranties, gift cards, and installment sales; and maintenance and repair, third-party marketing, and consumer financing services. It also offers mobiles and tables, TV and entertainment products, air conditioners, washing machines, refrigerators, dishwashers, bult-in home appliances, cookers, dryers, freezers, coolers, vacuums, coffee makers, heaters, personal care and cooking products, air fryers, irons, kitchen machines, water dispensers and desalination, air purifiers, air care appliances, kitchen utensils, gaming, digital card products, pet supplies, home improvement, musical instrument, baby nursery essentials, pet supplies, products, toys, smart home and gadgets, and sunglasses. United Electronics Company was founded in 2002 and is based in Al Khobar, the Kingdom of Saudi Arabia.
Stock analysis
United Electronics Company (4003) currently trades at 68.00 SAR, while our model-based Fair Value estimate is 118.99 SAR, implying the stock looks roughly 42.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 151.55 SAR per share, and 22 of the 26 models we run sit above the 68.00 SAR price.
Bear case: the Asset-Based group reads lowest at 14.17 SAR, and 4 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 81.90 SAR (bear) to 157.28 SAR (bull), the price of 68.00 SAR sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
United Electronics Company reported revenue of 7.4B SAR in FY2025 versus 5.8B SAR in FY2021, a compound +6.3%/yr. Reported net income was 497M SAR in FY2025, compounding +5.8%/yr from FY2021.
Key figures
Market cap 5.4B SAR (≈ $1.4B) · P/E ratio 10.7 · P/S ratio 0.72 · EPS (TTM) 6.33 SAR · Dividend yield 7.4% · Net margin 6.7% · Return on equity 29.9% · Return on assets (EBIT) 13.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 4% fair-value upside, at 75%, 4003 screens cheaper than that median.
Fair Value models
Bear 81.90 SARFair Value 118.99 SARBull 157.28 SAR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (4.46 SAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.5%
Revenue growth 16 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+18.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.2%
Dividend (yield on the price)7.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.11% vs 25%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 12%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.8%
Yearly sales growth analysts expect, extended to five years.
Compare United Electronics Company with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Retail · 228 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside+79% · Top 25%
Profitability
Return on equity (TTM)30% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)7% · Top 25%
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)7.4% · Top 25%
Balance sheet
Debt / equity0.67× · Highest 25%
Valuation Multiplesvs Specialty Retail median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "United Electronics Company Fair Value". https://www.fairvalue-calculator.com/stock/4003
Frequently asked questions
Is United Electronics Company (4003) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 118.99 SAR versus a price of 68.00 SAR, about +75% upside (undervalued).
What is the fair value of 4003?
Our model-based fair value for United Electronics Company is 118.99 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 68.00 SAR.
What is the quality score of 4003?
United Electronics Company has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for United Electronics Company (4003)?
Our model-based price target is the fair value of 118.99 SAR (as of Sep 13, 2026) from 26 valuation models. Cautious scenario 81.90 SAR, optimistic scenario 157.28 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the United Electronics Company stock forecast for 2026?
Our models put fair value at 118.99 SAR, about +75% upside versus a price of 68.00 SAR (undervalued). Cautious scenario 81.90 SAR, optimistic scenario 157.28 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of United Electronics Company (4003)?
United Electronics Company reported trailing-twelve-month revenue of about 7.5B SAR (latest available figure, as of Sep 13, 2026).
Does United Electronics Company pay a dividend?
United Electronics Company currently shows a dividend yield of about 7.44% relative to its recent price (as of Sep 13, 2026).
What growth is priced into United Electronics Company (4003)?
For today's price to be fair in a discounted-cash-flow model, United Electronics Company would have to grow free cash flow by -9.6 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.5 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 4003 use?
Our models discount United Electronics Company at 10.3 %: a base by market capitalisation (small), damped by beta 0.25, country premium for Saudi Arabia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For United Electronics Company that is -9.6 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has United Electronics Company (4003) delivered so far?
Over the past 5 years revenue at United Electronics Company grew +4.5 % a year. The price currently implies -9.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of United Electronics Company (4003) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into United Electronics Company (-9.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of United Electronics Company (4003)?
The free-cash-flow yield on the price is 14.64 %: that much free cash flow United Electronics Company produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of United Electronics Company (4003)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For United Electronics Company it is 118.99 SAR per share (as of Sep 13, 2026), against a price of 68.00 SAR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is United Electronics Company stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 4003 trades below its calculated fair value: price 68.00 SAR, fair value 118.99 SAR, a gap of about +75% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 4003?
No. The price is what the market pays today (68.00 SAR); the fair value is what the company's own numbers justify (118.99 SAR). For United Electronics Company the two are 50.99 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is United Electronics Company worth?
The market values United Electronics Company at about 5.4B SAR (market capitalisation, as of Sep 13, 2026). Per share that is 68.00 SAR; our models calculate a fair value of 118.99 SAR per share.
What do the bullish and bearish scenarios say about 4003?
Our models span a range for United Electronics Company: cautious scenario 81.90 SAR, base 118.99 SAR, optimistic 157.28 SAR per share (as of Sep 13, 2026, price 68.00 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4003?
United Electronics Company trades at a price-to-earnings ratio of 10.7 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 118.99 SAR is built from several models across several years. Other multiples: P/B 0.8, P/S 0.2, EV/EBITDA 3.1.
How solid is the balance sheet of United Electronics Company (4003)?
Balance-sheet figures for United Electronics Company (as of Sep 13, 2026): return on equity 29.9%, debt of 0.67 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 4003 from its 52-week high?
United Electronics Company trades at 68.00 SAR, about 25% below its 52-week high of 90.11 SAR and 4% above the low of 65.55 SAR (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 118.99 SAR is for.
Which stocks are comparable to United Electronics Company?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Casey's General Stores, Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is United Electronics Company stock attractive at the current price?
The data as of Sep 13, 2026: price 68.00 SAR, calculated fair value 118.99 SAR (+75%), Quality Score 63/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 4003 calculated?
We run United Electronics Company through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 118.99 SAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. United Electronics Company currently trades 75 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with United Electronics Company right now?
The price is below even our cautious bear case (81.90 SAR). The market is more pessimistic than our downside scenario. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (81.90 SAR to 157.28 SAR) leaves room in how you read the outcome.
Where does the earnings growth of United Electronics Company (4003) come from?
Earnings per share at United Electronics Company grew +25.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.9 %, EBIT margin +21.3 %, tax rate −0.3 %, residual (interest, one-offs) −2.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of United Electronics Company
How large is the market capitalisation of United Electronics Company (4003)?
The market capitalisation of United Electronics Company is 5.4B SAR (≈ $1.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of United Electronics Company (4003)?
The price-to-sales ratio of United Electronics Company is 0.72 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of United Electronics Company (4003)?
Earnings per share at United Electronics Company are 6.33 SAR (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of United Electronics Company (4003)?
The dividend yield of United Electronics Company is 7.4% (payout 79.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of United Electronics Company (4003)?
The net margin of United Electronics Company is 6.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of United Electronics Company (4003)?
The return on equity (ROE) of United Electronics Company is 29.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of United Electronics Company (4003)?
On an EBIT basis the return on assets of United Electronics Company is 13.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of United Electronics Company (4003)?
The operating margin of United Electronics Company is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at United Electronics Company (4003)?
Revenue at United Electronics Company is growing +5.0% versus a year earlier (3y avg +7.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at United Electronics Company (4003)?
Earnings per share at United Electronics Company are growing +11.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does United Electronics Company (4003) carry?
The net debt of United Electronics Company is 2.6B SAR (fiscal year 2025, ≈ 3.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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