Projected Income Statement: United Electronics Company

Forecast Balance Sheet: United Electronics Company

Forecast Balance Sheet - United Electronics Company
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 513 1,032 1,202 800 1,451 2,156 2,265 2,401
Change - 101.17% 16.47% -33.44% 81.38% 48.63% 5.06% 6%
Announcement Date 21/02/22 20/02/23 19/02/24 13/02/25 17/02/26 - - -
1SAR in Million
Estimates

Cash Flow Forecast: United Electronics Company

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 37.2 91.77 43.78 48.8 59.23 60.14 65.92 74.48
Change - 146.69% -52.3% 11.48% 21.37% 1.54% 9.61% 12.99%
Free Cash Flow (FCF) 1 -54.24 -160 152.4 229.2 33 695.4 417 486.4
Change - -195.03% 195.2% 50.43% -85.6% 2,007.15% -40.03% 16.64%
Announcement Date 21/02/22 20/02/23 19/02/24 13/02/25 17/02/26 - - -
1SAR in Million
Estimates

Forecast Financial Ratios: United Electronics Company

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 9.14% 9.02% 8.79% 9.69% 10.66% 10.23% 10.47% 10.68%
EBIT Margin (%) 8.2% 8.03% 7.75% 8.98% 8.99% 7.56% 8.87% 8.78%
EBT Margin (%) 7.33% 7.83% 6.76% 8.54% 8.39% 6.92% 7.81% 8.14%
Net margin (%) 6.8% 7.3% 6.3% 7.88% 6.67% 5.66% 6.38% 6.37%
FCF margin (%) -0.93% -2.65% 2.46% 3.38% 0.44% 8.82% 4.99% 5.49%
FCF / Net Income (%) -13.67% -36.36% 39.02% 42.88% 6.64% 155.85% 78.11% 86.16%

Profitability

        
ROA 12.07% 11.56% 9.28% 10.73% 8.78% 7.3% 7.6% 7.73%
ROE 43.65% 41.29% 32.22% 35.26% 29.71% 28.01% 28.44% 28.62%

Financial Health

        
Leverage (Debt/EBITDA) 0.96x 1.9x 2.21x 1.22x 1.83x 2.68x 2.59x 2.54x
Debt / Free cash flow -9.45x -6.45x 7.89x 3.49x 43.95x 3.1x 5.43x 4.94x

Capital Intensity

        
CAPEX / Current Assets (%) 0.64% 1.52% 0.71% 0.72% 0.8% 0.76% 0.79% 0.84%
CAPEX / EBITDA (%) 6.98% 16.86% 8.03% 7.43% 7.46% 7.46% 7.53% 7.87%
CAPEX / FCF (%) -68.58% -57.35% 28.73% 21.29% 179.47% 8.65% 15.81% 15.31%

Items per share

        
Cash flow per share 1 -0.2219 -0.8532 2.448 3.475 1.153 11.33 11.16 9.605
Change - -284.53% 386.88% 41.96% -66.82% 882.37% -1.43% -13.96%
Dividend per Share 1 3.516 - 3.5 7 5 4.904 5.389 5.839
Change - - - 100% -28.57% -1.92% 9.89% 8.35%
Book Value Per Share 1 12.92 15.15 16.85 22.35 20.45 21.29 24.43 26.23
Change - 17.25% 11.22% 32.64% -8.54% 4.12% 14.76% 7.35%
EPS 1 5.164 5.5 4.88 6.68 6.21 5.58 6.707 7.22
Change - 6.51% -11.27% 36.89% -7.04% -10.14% 20.2% 7.64%
Nbr of stocks (in thousands) 73,728 76,823 75,184 76,236 76,478 73,847 73,847 73,847
Announcement Date 21/02/22 20/02/23 19/02/24 13/02/25 17/02/26 - - -
1SAR
Estimates
2026 *2027 *
P/E 10.4x 8.69x
PBR 2.74x 2.39x
EV / Sales 0.82x 0.79x
Yield 8.41% 9.24%

EPS & Dividend

EPS & Dividend - United Electronics Company


Y-o-Y evolution of P/E

Valuation ratios - P/E - United Electronics Company
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - United Electronics Company
Trader
Investor
Global
Quality
ESG MSCI
A
MarketScreener Ratings - United Electronics Company
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
58.30SAR
Average target price
90.58SAR
Spread / Average Target
+55.37%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - United Electronics Company
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