United Electronics Company (4003.SR) stock analysis

In our weekly check, United Electronics Company is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 5, red flags: 4.

About United Electronics Company

United Electronics Company is a Consumer Cyclical company (Specialty Retail), listed on SAU as 4003.SR.

What our checks show for 4003.SR

Red flags

• Operating profit covers interest only 2 times: a weak year could make the payments hard.
• The dividend takes 288% of profit: little cushion if profit falls.
• The stock has fallen as much as 85% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 3.2 years.

Warning signs

• Net debt is 2.1x a year of EBITDA (debt/equity 1.57). That limits room in a downturn and raises refinancing risk.
• Analysts expect the net margin to shrink by 0.2 points from today's 6.7%.
• The net margin is only 6.7%: little room if costs rise.
• A small company (market value $1.23 billion): usually riskier and followed by fewer analysts.
• Thinly traded (about 387 thousand shares a day): buying and selling can move the price.

Strengths

• The gross margin is 22.4% and has risen by 2.1 points: pricing power is holding.
• Operating cash flow is 1.72x net profit: the profit arrives as real cash.
• Free cash flow is 10.7% of revenue: cash for dividends, buybacks or growth.
• The price is 9.9 times earnings (P/E), reasonable for its growth.
• Beta 0.24: the stock usually moves less than the market.
• Return on capital (ROCE) is 18.7%: the business earns well on the money put into it.

Similar companies

BBWI · ASO · BELA.AT · VIPS · MNSO · ZAL.DE

Questions

What grade does United Electronics Company (4003.SR) have?

In our weekly check, United Electronics Company is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 5, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 4003.SR stock?

This week's biggest flags for United Electronics Company: Weak interest cover, Dividend stretched, Deep past fall. In total 9 of 25 checks show a warning or a red flag.

What does United Electronics Company do?

United Electronics Company is a Consumer Cyclical company (Specialty Retail), listed on SAU as 4003.SR.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-11-07

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