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 2/21/22 2/20/23 2/19/24 2/13/25 2/17/26 - - -
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 59.02 61.66 70.02
Change - 146.69% -52.3% 11.48% 21.37% -0.35% 4.47% 13.56%
Free Cash Flow (FCF) 1 -54.24 -160 152.4 229.2 33 451.7 425.8 507.7
Change - -195.03% 195.2% 50.43% -85.6% 1,268.83% -5.75% 19.24%
Announcement Date 2/21/22 2/20/23 2/19/24 2/13/25 2/17/26 - - -
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% 10.33% 10.59% 10.79%
EBIT Margin (%) 8.2% 8.03% 7.75% 8.98% 8.99% 8.73% 9.01% 8.92%
EBT Margin (%) 7.33% 7.83% 6.76% 8.54% 8.39% 7.86% 8.1% 8.37%
Net margin (%) 6.8% 7.3% 6.3% 7.88% 6.67% 6.42% 6.51% 6.47%
FCF margin (%) -0.93% -2.65% 2.46% 3.38% 0.44% 5.73% 5.09% 5.72%
FCF / Net Income (%) -13.67% -36.36% 39.02% 42.88% 6.64% 89.25% 78.15% 88.36%

Profitability

        
ROA 12.07% 11.56% 9.28% 10.73% 8.78% 7.76% 7.8% 7.83%
ROE 43.65% 41.29% 32.22% 35.26% 29.71% 27.5% 28.86% 28.92%

Financial Health

        
Leverage (Debt/EBITDA) 0.96x 1.9x 2.21x 1.22x 1.83x 2.65x 2.56x 2.51x
Debt / Free cash flow -9.45x -6.45x 7.89x 3.49x 43.95x 4.77x 5.32x 4.73x

Capital Intensity

        
CAPEX / Current Assets (%) 0.64% 1.52% 0.71% 0.72% 0.8% 0.75% 0.74% 0.79%
CAPEX / EBITDA (%) 6.98% 16.86% 8.03% 7.43% 7.46% 7.25% 6.96% 7.31%
CAPEX / FCF (%) -68.58% -57.35% 28.73% 21.29% 179.47% 13.07% 14.48% 13.79%

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 4.944 5.509 6.006
Change - - - 100% -28.57% -1.12% 11.42% 9.02%
Book Value Per Share 1 12.92 15.15 16.85 22.35 20.45 23.39 24.53 26.27
Change - 17.25% 11.22% 32.64% -8.54% 14.4% 4.88% 7.07%
EPS 1 5.164 5.5 4.88 6.68 6.21 6.105 6.843 7.327
Change - 6.51% -11.27% 36.89% -7.04% -1.69% 12.09% 7.07%
Nbr of stocks (in thousands) 73,728 76,823 75,184 76,236 76,478 73,847 73,847 73,847
Announcement Date 2/21/22 2/20/23 2/19/24 2/13/25 2/17/26 - - -
1SAR
Estimates
2026 *2027 *
P/E 8.8x 7.85x
PBR 2.3x 2.19x
EV / Sales 0.78x 0.74x
Yield 9.21% 10.3%

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
Ratings Surperformance© - United Electronics Company
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
53.70SAR
Average target price
91.78SAR
Spread / Average Target
+70.91%

Quarterly revenue - Rate of surprise

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