View Future GrowthElm 過去の業績過去 基準チェック /46Elmは、平均年間30%の収益成長を遂げていますが、 IT業界の収益は、年間 成長しています。収益は、平均年間10% 22.7%収益成長率で 成長しています。 Elmの自己資本利益率は57%であり、純利益率は22.4%です。主要情報30.01%収益成長率29.87%EPS成長率IT 業界の成長20.88%収益成長率22.66%株主資本利益率56.96%ネット・マージン22.38%次回の業績アップデート02 Aug 2026最近の業績更新Reported Earnings • May 14First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: ر.س8.43 (up from ر.س6.38 in 1Q 2025). Revenue: ر.س2.47b (up 32% from 1Q 2025). Net income: ر.س655.5m (up 32% from 1Q 2025). Profit margin: 27% (in line with 1Q 2025). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 10Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ر.س26.86 (up from ر.س23.51 in FY 2024). Revenue: ر.س9.46b (up 28% from FY 2024). Net income: ر.س2.09b (up 14% from FY 2024). Profit margin: 22% (down from 25% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 16+ 3 more updatesElm Company to Report Nine Months, 2026 Results on Oct 29, 2026Elm Company announced that they will report nine months, 2026 results on Oct 29, 2026Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: ر.س7.58 (vs ر.س6.41 in 3Q 2024)Third quarter 2025 results: EPS: ر.س7.58 (up from ر.س6.41 in 3Q 2024). Revenue: ر.س2.53b (up 35% from 3Q 2024). Net income: ر.س558.7m (up 12% from 3Q 2024). Profit margin: 22% (down from 27% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 09Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: ر.س7.58 (up from ر.س6.26 in 2Q 2024). Revenue: ر.س2.24b (up 27% from 2Q 2024). Net income: ر.س589.6m (up 21% from 2Q 2024). Profit margin: 26% (down from 28% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 22+ 1 more updateElm Company to Report Nine Months, 2025 Results on Oct 30, 2025Elm Company announced that they will report nine months, 2025 results on Oct 30, 2025すべての更新を表示Recent updates分析記事 • May 16Earnings Beat: Elm Company Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsElm Company ( TADAWUL:7203 ) investors will be delighted, with the company turning in some strong numbers with its...Reported Earnings • May 14First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: ر.س8.43 (up from ر.س6.38 in 1Q 2025). Revenue: ر.س2.47b (up 32% from 1Q 2025). Net income: ر.س655.5m (up 32% from 1Q 2025). Profit margin: 27% (in line with 1Q 2025). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ر.س702, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the IT industry in Asia. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س468 per share.Price Target Changed • Apr 27Price target decreased by 8.8% to ر.س781Down from ر.س857, the current price target is an average from 11 analysts. New target price is 35% above last closing price of ر.س577. Stock is down 44% over the past year. The company is forecast to post earnings per share of ر.س28.01 for next year compared to ر.س26.86 last year.Price Target Changed • Apr 21Price target decreased by 7.1% to ر.س798Down from ر.س859, the current price target is an average from 10 analysts. New target price is 36% above last closing price of ر.س587. Stock is down 41% over the past year. The company is forecast to post earnings per share of ر.س27.93 for next year compared to ر.س26.86 last year.New Risk • Apr 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ر.س590, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the IT industry in Asia. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س436 per share.お知らせ • Apr 13Elm Company, Annual General Meeting, May 12, 2026Elm Company, Annual General Meeting, May 12, 2026, at 19:00 Arab Standard Time. Location: riyadh Saudi ArabiaBuy Or Sell Opportunity • Apr 06Now 20% overvaluedOver the last 90 days, the stock has fallen 29% to ر.س525. The fair value is estimated to be ر.س435, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.Price Target Changed • Mar 31Price target decreased by 10% to ر.س860Down from ر.س958, the current price target is an average from 10 analysts. New target price is 60% above last closing price of ر.س537. Stock is down 45% over the past year. The company is forecast to post earnings per share of ر.س29.34 for next year compared to ر.س26.86 last year.Reported Earnings • Mar 10Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ر.س26.86 (up from ر.س23.51 in FY 2024). Revenue: ر.س9.46b (up 28% from FY 2024). Net income: ر.س2.09b (up 14% from FY 2024). Profit margin: 22% (down from 25% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Declared Dividend • Mar 04Dividend increased to ر.س4.50Dividend of ر.س4.50 is 13% higher than last year. Ex-date: 5th March 2026 Payment date: 16th March 2026 Dividend yield will be 1.6%, which is higher than the industry average of 1.0%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 35%.Price Target Changed • Mar 03Price target decreased by 11% to ر.س958Down from ر.س1,078, the current price target is an average from 11 analysts. New target price is 81% above last closing price of ر.س530. Stock is down 47% over the past year. The company is forecast to post earnings per share of ر.س28.00 for next year compared to ر.س23.51 last year.Valuation Update With 7 Day Price Move • Mar 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ر.س583, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the IT industry in Asia. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س439 per share.分析記事 • Feb 04Elm Company's (TADAWUL:7203) Price In Tune With EarningsWith a price-to-earnings (or "P/E") ratio of 27x Elm Company ( TADAWUL:7203 ) may be sending very bearish signals at...お知らせ • Dec 16+ 3 more updatesElm Company to Report Nine Months, 2026 Results on Oct 29, 2026Elm Company announced that they will report nine months, 2026 results on Oct 29, 2026分析記事 • Nov 26Under The Bonnet, Elm's (TADAWUL:7203) Returns Look ImpressiveWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: ر.س7.58 (vs ر.س6.41 in 3Q 2024)Third quarter 2025 results: EPS: ر.س7.58 (up from ر.س6.41 in 3Q 2024). Revenue: ر.س2.53b (up 35% from 3Q 2024). Net income: ر.س558.7m (up 12% from 3Q 2024). Profit margin: 22% (down from 27% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Oct 21Elm Company's (TADAWUL:7203) Share Price Matching Investor OpinionElm Company's ( TADAWUL:7203 ) price-to-earnings (or "P/E") ratio of 34.6x might make it look like a strong sell right...Reported Earnings • Aug 09Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: ر.س7.58 (up from ر.س6.26 in 2Q 2024). Revenue: ر.س2.24b (up 27% from 2Q 2024). Net income: ر.س589.6m (up 21% from 2Q 2024). Profit margin: 26% (down from 28% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Aug 02Dividend increased to ر.س4.50Dividend of ر.س4.50 is 29% higher than last year. Ex-date: 6th August 2025 Payment date: 19th August 2025 Dividend yield will be 0.9%, which is about the same as the industry average. Payout Ratios Payout ratio: 29%. Cash payout ratio: 83%.分析記事 • Jul 09Elm Company (TADAWUL:7203) Not Lagging Market On Growth Or PricingElm Company's ( TADAWUL:7203 ) price-to-earnings (or "P/E") ratio of 38x might make it look like a strong sell right...Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Non- Executive Director Thamer bin Mohammed bin Al-Harbi was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 22+ 1 more updateElm Company to Report Nine Months, 2025 Results on Oct 30, 2025Elm Company announced that they will report nine months, 2025 results on Oct 30, 2025Reported Earnings • May 16First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: ر.س6.38 (up from ر.س4.44 in 1Q 2024). Revenue: ر.س1.88b (up 14% from 1Q 2024). Net income: ر.س495.7m (up 44% from 1Q 2024). Profit margin: 26% (up from 21% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 11Elm Company, Annual General Meeting, May 11, 2025Elm Company, Annual General Meeting, May 11, 2025, at 19:00 Arab Standard Time. Location: riyadh Saudi Arabiaお知らせ • Mar 22Elm Company to Report Q1, 2025 Results on May 11, 2025Elm Company announced that they will report Q1, 2025 results at 10:00 AM, Arabian Standard Time on May 11, 2025New Risk • Mar 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 06Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ر.س23.51 (up from ر.س17.46 in FY 2023). Revenue: ر.س7.41b (up 26% from FY 2023). Net income: ر.س1.83b (up 35% from FY 2023). Profit margin: 25% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Mar 01Dividend of ر.س4.00 announcedShareholders will receive a dividend of ر.س4.00. Ex-date: 9th March 2025 Payment date: 17th March 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.0%. Payout Ratios Payout ratio: 49%. Cash payout ratio: 52%.Price Target Changed • Jan 29Price target increased by 7.3% to ر.س1,188Up from ر.س1,107, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ر.س1,163. Stock is up 29% over the past year. The company is forecast to post earnings per share of ر.س22.55 for next year compared to ر.س17.46 last year.お知らせ • Jan 23Elm Company (SASE:7203) signed a share sale and purchase agreement to acquire Thiqah Business Service from Public Investment Fund for SAR 3.4 billion.Elm Company (SASE:7203) signed a share sale and purchase agreement to acquire Thiqah Business Service from Public Investment Fund for SAR 3.4 billion on January 21, 2025. Elm Company will fund the consideration fully in cash through Elm Company's own resources and facilities. Completion is expected once regulatory approvals and approval of offer by acquirer shareholders are obtained and certain conditions are satisfied under the agreement. HSBC Saudi Arabia Limited acted as financial advisor for Elm Company. AS&H Clifford Chance acted as legal advisor for Elm Company.Price Target Changed • Dec 18Price target increased by 7.5% to ر.س1,107Up from ر.س1,030, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ر.س1,136. Stock is up 42% over the past year. The company is forecast to post earnings per share of ر.س22.63 for next year compared to ر.س17.46 last year.Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: ر.س6.41 (vs ر.س4.25 in 3Q 2023)Third quarter 2024 results: EPS: ر.س6.41 (up from ر.س4.25 in 3Q 2023). Revenue: ر.س1.87b (up 17% from 3Q 2023). Net income: ر.س498.2m (up 51% from 3Q 2023). Profit margin: 27% (up from 21% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Asia.お知らせ • Oct 21Elm Company to Report Fiscal Year 2024 Results on Mar 02, 2025Elm Company announced that they will report fiscal year 2024 results at 1:00 PM, Arabian Standard Time on Mar 02, 2025Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: ر.س6.26 (vs ر.س4.80 in 2Q 2023)Second quarter 2024 results: EPS: ر.س6.26 (up from ر.س4.80 in 2Q 2023). Revenue: ر.س1.77b (up 26% from 2Q 2023). Net income: ر.س486.2m (up 30% from 2Q 2023). Profit margin: 28% (in line with 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the IT industry in Asia.Declared Dividend • Aug 07First half dividend of ر.س3.50 announcedShareholders will receive a dividend of ر.س3.50. Ex-date: 8th August 2024 Payment date: 20th August 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.0%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 32%.Price Target Changed • Jul 08Price target increased by 7.5% to ر.س947Up from ر.س881, the current price target is an average from 8 analysts. New target price is 13% above last closing price of ر.س838. Stock is up 42% over the past year. The company is forecast to post earnings per share of ر.س20.42 for next year compared to ر.س17.46 last year.お知らせ • Jul 05Elm Company Announces CEO ChangesElm Company announced the Board of Directors resolution dated July 3, 2024, to accept the resignation of Dr. Abdulrahman Saad AlJadhai from the position of CEO of the company, effective from September 30, 2024. for personal reasons. The Board of Directors and all employees of the company extend their appreciation to Dr. Abdulrahman for leading the company over 12 years and for his fruitful efforts in growing the company business. His great services and distinguished leadership is appreciated and they wish him all success. The Board of Directors also announces its resolution to appoint Mr. Mohammad Abdulaziz Alomair as the CEO of the Company, effective October 1, 2024, due to his leadership experience and contribution to many achievements in digital transformation and building digital products. Mr. Mohammad has 23 years of experience in the market, most of which he spent at Elm Company, where he started working in the Marketing Department and then held several positions, the last of which was the CEO of Business Products group. He also holds a Master's degree in business administration from Strayer University and a bachelor's degree from the College of Computer Science at King Saud University. He participates in membership in a number of boards of directors, and his expertise focuses on product development, investment, and building business models and partnerships.Reported Earnings • May 20First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: ر.س4.44 (up from ر.س4.15 in 1Q 2023). Revenue: ر.س1.64b (up 27% from 1Q 2023). Net income: ر.س344.8m (up 6.9% from 1Q 2023). Profit margin: 21% (down from 25% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Asia.お知らせ • Mar 12Elm Company Announces the Distribution of Interim Cash Dividends to Shareholders for the Second Half of 2023, Payable on March 25, 2024Elm Company announced the decision of the Board of Directors to distribute interim cash dividends to shareholders for the Second Half of 2023. The Total amount distributed is SAR 310,788,800. Number of Shares Eligible for Dividends is 77,697,200 shares. Dividend per share is SAR 4 per share. Percentage of Dividend to the Share Par Value (%) is 40%. The eligibility date will be on March 13, 2024 corresponding to 03-09-1445H. The eligibility of dividends distribution will be for the shareholders of the Company who own shares on the eligibility date and are registered in the Company's share registry at the Securities Depository Center Edaa at the end of the second trading day following the eligibility date. Dividends distribution date will be on March 25, 2024 corresponding to 15-09-1445H.Reported Earnings • Mar 12Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ر.س17.46 (up from ر.س11.94 in FY 2022). Revenue: ر.س5.90b (up 28% from FY 2022). Net income: ر.س1.36b (up 46% from FY 2022). Profit margin: 23% (up from 20% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia.お知らせ • Mar 09+ 3 more updatesElm Company to Report Fiscal Year 2023 Results on Mar 10, 2024Elm Company announced that they will report fiscal year 2023 results at 3:00 PM, Arabian Standard Time on Mar 10, 2024Price Target Changed • Feb 20Price target increased by 13% to ر.س834Up from ر.س738, the current price target is an average from 7 analysts. New target price is 22% below last closing price of ر.س1,063. Stock is up 182% over the past year. The company is forecast to post earnings per share of ر.س16.75 for next year compared to ر.س11.94 last year.Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ر.س945, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 21x in the IT industry in Asia. Total returns to shareholders of 186% over the past year.Reported Earnings • Nov 07Third quarter 2023 earnings released: EPS: ر.س4.30 (vs ر.س3.52 in 3Q 2022)Third quarter 2023 results: EPS: ر.س4.30 (up from ر.س3.52 in 3Q 2022). Revenue: ر.س1.52b (up 30% from 3Q 2022). Net income: ر.س334.2m (up 22% from 3Q 2022). Profit margin: 22% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Asia.New Risk • Oct 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 7.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Price Target Changed • Aug 16Price target increased by 7.4% to ر.س614Up from ر.س572, the current price target is an average from 5 analysts. New target price is 13% below last closing price of ر.س709. Stock is up 129% over the past year. The company is forecast to post earnings per share of ر.س16.80 for next year compared to ر.س11.94 last year.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ر.س4.80 (vs ر.س2.51 in 2Q 2022)Second quarter 2023 results: EPS: ر.س4.80 (up from ر.س2.51 in 2Q 2022). Revenue: ر.س1.40b (up 35% from 2Q 2022). Net income: ر.س372.8m (up 91% from 2Q 2022). Profit margin: 27% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia.Price Target Changed • Jul 27Price target increased by 10% to ر.س589Up from ر.س535, the current price target is an average from 4 analysts. New target price is 15% below last closing price of ر.س692. Stock is up 135% over the past year. The company is forecast to post earnings per share of ر.س15.20 for next year compared to ر.س11.94 last year.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ر.س670, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 20x in the IT industry in Asia. Total returns to shareholders of 155% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س328 per share.Price Target Changed • Jun 08Price target increased by 8.1% to ر.س551Up from ر.س509, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ر.س558. Stock is up 99% over the past year. The company is forecast to post earnings per share of ر.س14.73 for next year compared to ر.س11.94 last year.Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ر.س529, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 21x in the IT industry in Asia. Total returns to shareholders of 91% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س225 per share.Price Target Changed • May 24Price target increased by 18% to ر.س509Up from ر.س430, the current price target is an average from 3 analysts. New target price is 13% above last closing price of ر.س450. Stock is up 85% over the past year. The company is forecast to post earnings per share of ر.س14.73 for next year compared to ر.س11.94 last year.Reported Earnings • May 19First quarter 2023 earnings released: EPS: ر.س4.15 (vs ر.س3.17 in 1Q 2022)First quarter 2023 results: EPS: ر.س4.15 (up from ر.س3.17 in 1Q 2022). Revenue: ر.س1.29b (up 18% from 1Q 2022). Net income: ر.س322.4m (up 29% from 1Q 2022). Profit margin: 25% (up from 23% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Asia.Major Estimate Revision • Mar 21Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ر.س5.22b to ر.س5.52b. EPS estimate increased from ر.س13.66 to ر.س15.80 per share. Net income forecast to grow 36% next year vs 18% growth forecast for IT industry in Saudi Arabia. Consensus price target up from ر.س430 to ر.س460. Share price rose 4.9% to ر.س429 over the past week.Price Target Changed • Mar 16Price target increased by 11% to ر.س457Up from ر.س410, the current price target is an average from 3 analysts. New target price is 13% above last closing price of ر.س405. Stock is up 100% over the past year. The company is forecast to post earnings per share of ر.س13.66 for next year compared to ر.س11.94 last year.Reported Earnings • Mar 14Full year 2022 earnings released: EPS: ر.س11.94 (vs ر.س7.09 in FY 2021)Full year 2022 results: EPS: ر.س11.94 (up from ر.س7.09 in FY 2021). Revenue: ر.س4.61b (up 20% from FY 2021). Net income: ر.س930.2m (up 64% from FY 2021). Profit margin: 20% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Asia.Reported Earnings • Nov 11Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: ر.س3.52 (up from ر.س2.22 in 3Q 2021). Revenue: ر.س1.17b (up 21% from 3Q 2021). Net income: ر.س273.4m (up 54% from 3Q 2021). Profit margin: 23% (up from 18% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Asia.Upcoming Dividend • Sep 25Upcoming dividend of ر.س2.00 per shareEligible shareholders must have bought the stock before 02 October 2022. Payment date: 13 October 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Saudi dividend payers (4.6%). Lower than average of industry peers (1.9%).お知らせ • Sep 22+ 1 more updateElm Company Announces Distribution of Cash Dividend for the First Half of 2022, Payable on October 13, 2022Elm Company announced the distribution of cash dividend to the shareholders for the first half of 2022. The total amount distributed is SAR 155,200,000. Dividend per share is SAR 2 per share. The eligibility of dividends shall be for the shareholders at the close of trading on September 29, 2022. Dividend distribution date will be on October 13, 2022.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to ر.س328, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 35x in the IT industry in Saudi Arabia.Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: ر.س2.51 (vs ر.س2.20 in 2Q 2021)Second quarter 2022 results: EPS: ر.س2.51 (up from ر.س2.20 in 2Q 2021). Revenue: ر.س1.04b (up 2.1% from 2Q 2021). Net income: ر.س194.9m (up 77% from 2Q 2021). Profit margin: 19% (up from 11% in 2Q 2021). The increase in margin was primarily driven by lower expenses.Reported Earnings • May 12First quarter 2022 earnings released: EPS: ر.س3.17 (vs ر.س2.11 in 1Q 2021)First quarter 2022 results: EPS: ر.س3.17 (up from ر.س2.11 in 1Q 2021). Revenue: ر.س1.09b (up 41% from 1Q 2021). Net income: ر.س249.6m (up 48% from 1Q 2021). Profit margin: 23% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue.お知らせ • Apr 06Elm Company, Annual General Meeting, May 09, 2022Elm Company, Annual General Meeting, May 09, 2022, at 20:00 Arab Standard Time. Agenda: To consider voting on the Board of Directors Report for the fiscal year ending on December 31, 2021; to consider voting on the financial statements for the fiscal year ending on December 31, 2021; to consider voting on External Auditors Report for the financial year ending on December 31, 2021; and to consider other matters of the business.Reported Earnings • Mar 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ر.س7.09 (up from ر.س6.13 in FY 2020). Revenue: ر.س3.83b (up 55% from FY 2020). Net income: ر.س566.9m (up 85% from FY 2020). Profit margin: 15% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.収支内訳Elm の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SASE:7203 収益、費用、利益 ( )SAR Millions日付収益収益G+A経費研究開発費31 Mar 2610,0592,2511,35510331 Dec 259,4652,0901,25310530 Sep 258,7862,1421,3218730 Jun 258,1232,0811,1908431 Mar 257,6451,9781,0358331 Dec 247,4071,8271,0317630 Sep 246,9631,65689410530 Jun 246,6121,4928538531 Mar 246,2491,3798446631 Dec 235,8981,3568015230 Sep 235,5211,242913030 Jun 235,1671,181846031 Mar 234,8021,003800031 Dec 224,606930753030 Sep 224,368828576030 Jun 224,167732529031 Mar 224,146648528031 Dec 213,828567465030 Sep 213,677589476030 Jun 213,326559449031 Mar 212,730447370031 Dec 202,466307365031 Dec 192,102307289031 Dec 181,926364285031 Dec 171,9823693420質の高い収益: 7203は 高品質の収益 を持っています。利益率の向上: 7203の現在の純利益率 (22.4%)は、昨年(25.9%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 7203の収益は過去 5 年間で年間30%増加しました。成長の加速: 7203の過去 1 年間の収益成長率 ( 13.8% ) は、5 年間の平均 ( 年間30%を下回っています。収益対業界: 7203の過去 1 年間の収益成長率 ( 13.8% ) はIT業界-8.1%を上回りました。株主資本利益率高いROE: 7203の 自己資本利益率 ( 57% ) は 傑出している と考えられます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSoftware 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/18 02:58終値2026/05/18 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Elm Company 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。19 アナリスト機関Umer AbdullahAljazira Capital CompanyIbrahim ElaiwatAljazira Capital CompanyJassim Al-JubranAljazira Capital Company16 その他のアナリストを表示
Reported Earnings • May 14First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: ر.س8.43 (up from ر.س6.38 in 1Q 2025). Revenue: ر.س2.47b (up 32% from 1Q 2025). Net income: ر.س655.5m (up 32% from 1Q 2025). Profit margin: 27% (in line with 1Q 2025). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 10Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ر.س26.86 (up from ر.س23.51 in FY 2024). Revenue: ر.س9.46b (up 28% from FY 2024). Net income: ر.س2.09b (up 14% from FY 2024). Profit margin: 22% (down from 25% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 16+ 3 more updatesElm Company to Report Nine Months, 2026 Results on Oct 29, 2026Elm Company announced that they will report nine months, 2026 results on Oct 29, 2026
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: ر.س7.58 (vs ر.س6.41 in 3Q 2024)Third quarter 2025 results: EPS: ر.س7.58 (up from ر.س6.41 in 3Q 2024). Revenue: ر.س2.53b (up 35% from 3Q 2024). Net income: ر.س558.7m (up 12% from 3Q 2024). Profit margin: 22% (down from 27% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 09Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: ر.س7.58 (up from ر.س6.26 in 2Q 2024). Revenue: ر.س2.24b (up 27% from 2Q 2024). Net income: ر.س589.6m (up 21% from 2Q 2024). Profit margin: 26% (down from 28% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 22+ 1 more updateElm Company to Report Nine Months, 2025 Results on Oct 30, 2025Elm Company announced that they will report nine months, 2025 results on Oct 30, 2025
分析記事 • May 16Earnings Beat: Elm Company Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsElm Company ( TADAWUL:7203 ) investors will be delighted, with the company turning in some strong numbers with its...
Reported Earnings • May 14First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: ر.س8.43 (up from ر.س6.38 in 1Q 2025). Revenue: ر.س2.47b (up 32% from 1Q 2025). Net income: ر.س655.5m (up 32% from 1Q 2025). Profit margin: 27% (in line with 1Q 2025). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ر.س702, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the IT industry in Asia. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س468 per share.
Price Target Changed • Apr 27Price target decreased by 8.8% to ر.س781Down from ر.س857, the current price target is an average from 11 analysts. New target price is 35% above last closing price of ر.س577. Stock is down 44% over the past year. The company is forecast to post earnings per share of ر.س28.01 for next year compared to ر.س26.86 last year.
Price Target Changed • Apr 21Price target decreased by 7.1% to ر.س798Down from ر.س859, the current price target is an average from 10 analysts. New target price is 36% above last closing price of ر.س587. Stock is down 41% over the past year. The company is forecast to post earnings per share of ر.س27.93 for next year compared to ر.س26.86 last year.
New Risk • Apr 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ر.س590, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the IT industry in Asia. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س436 per share.
お知らせ • Apr 13Elm Company, Annual General Meeting, May 12, 2026Elm Company, Annual General Meeting, May 12, 2026, at 19:00 Arab Standard Time. Location: riyadh Saudi Arabia
Buy Or Sell Opportunity • Apr 06Now 20% overvaluedOver the last 90 days, the stock has fallen 29% to ر.س525. The fair value is estimated to be ر.س435, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
Price Target Changed • Mar 31Price target decreased by 10% to ر.س860Down from ر.س958, the current price target is an average from 10 analysts. New target price is 60% above last closing price of ر.س537. Stock is down 45% over the past year. The company is forecast to post earnings per share of ر.س29.34 for next year compared to ر.س26.86 last year.
Reported Earnings • Mar 10Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: ر.س26.86 (up from ر.س23.51 in FY 2024). Revenue: ر.س9.46b (up 28% from FY 2024). Net income: ر.س2.09b (up 14% from FY 2024). Profit margin: 22% (down from 25% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Mar 04Dividend increased to ر.س4.50Dividend of ر.س4.50 is 13% higher than last year. Ex-date: 5th March 2026 Payment date: 16th March 2026 Dividend yield will be 1.6%, which is higher than the industry average of 1.0%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 35%.
Price Target Changed • Mar 03Price target decreased by 11% to ر.س958Down from ر.س1,078, the current price target is an average from 11 analysts. New target price is 81% above last closing price of ر.س530. Stock is down 47% over the past year. The company is forecast to post earnings per share of ر.س28.00 for next year compared to ر.س23.51 last year.
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ر.س583, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the IT industry in Asia. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ر.س439 per share.
分析記事 • Feb 04Elm Company's (TADAWUL:7203) Price In Tune With EarningsWith a price-to-earnings (or "P/E") ratio of 27x Elm Company ( TADAWUL:7203 ) may be sending very bearish signals at...
お知らせ • Dec 16+ 3 more updatesElm Company to Report Nine Months, 2026 Results on Oct 29, 2026Elm Company announced that they will report nine months, 2026 results on Oct 29, 2026
分析記事 • Nov 26Under The Bonnet, Elm's (TADAWUL:7203) Returns Look ImpressiveWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: ر.س7.58 (vs ر.س6.41 in 3Q 2024)Third quarter 2025 results: EPS: ر.س7.58 (up from ر.س6.41 in 3Q 2024). Revenue: ر.س2.53b (up 35% from 3Q 2024). Net income: ر.س558.7m (up 12% from 3Q 2024). Profit margin: 22% (down from 27% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Oct 21Elm Company's (TADAWUL:7203) Share Price Matching Investor OpinionElm Company's ( TADAWUL:7203 ) price-to-earnings (or "P/E") ratio of 34.6x might make it look like a strong sell right...
Reported Earnings • Aug 09Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: ر.س7.58 (up from ر.س6.26 in 2Q 2024). Revenue: ر.س2.24b (up 27% from 2Q 2024). Net income: ر.س589.6m (up 21% from 2Q 2024). Profit margin: 26% (down from 28% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Aug 02Dividend increased to ر.س4.50Dividend of ر.س4.50 is 29% higher than last year. Ex-date: 6th August 2025 Payment date: 19th August 2025 Dividend yield will be 0.9%, which is about the same as the industry average. Payout Ratios Payout ratio: 29%. Cash payout ratio: 83%.
分析記事 • Jul 09Elm Company (TADAWUL:7203) Not Lagging Market On Growth Or PricingElm Company's ( TADAWUL:7203 ) price-to-earnings (or "P/E") ratio of 38x might make it look like a strong sell right...
Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Non- Executive Director Thamer bin Mohammed bin Al-Harbi was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 22+ 1 more updateElm Company to Report Nine Months, 2025 Results on Oct 30, 2025Elm Company announced that they will report nine months, 2025 results on Oct 30, 2025
Reported Earnings • May 16First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: ر.س6.38 (up from ر.س4.44 in 1Q 2024). Revenue: ر.س1.88b (up 14% from 1Q 2024). Net income: ر.س495.7m (up 44% from 1Q 2024). Profit margin: 26% (up from 21% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 11Elm Company, Annual General Meeting, May 11, 2025Elm Company, Annual General Meeting, May 11, 2025, at 19:00 Arab Standard Time. Location: riyadh Saudi Arabia
お知らせ • Mar 22Elm Company to Report Q1, 2025 Results on May 11, 2025Elm Company announced that they will report Q1, 2025 results at 10:00 AM, Arabian Standard Time on May 11, 2025
New Risk • Mar 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 06Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ر.س23.51 (up from ر.س17.46 in FY 2023). Revenue: ر.س7.41b (up 26% from FY 2023). Net income: ر.س1.83b (up 35% from FY 2023). Profit margin: 25% (up from 23% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Mar 01Dividend of ر.س4.00 announcedShareholders will receive a dividend of ر.س4.00. Ex-date: 9th March 2025 Payment date: 17th March 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.0%. Payout Ratios Payout ratio: 49%. Cash payout ratio: 52%.
Price Target Changed • Jan 29Price target increased by 7.3% to ر.س1,188Up from ر.س1,107, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ر.س1,163. Stock is up 29% over the past year. The company is forecast to post earnings per share of ر.س22.55 for next year compared to ر.س17.46 last year.
お知らせ • Jan 23Elm Company (SASE:7203) signed a share sale and purchase agreement to acquire Thiqah Business Service from Public Investment Fund for SAR 3.4 billion.Elm Company (SASE:7203) signed a share sale and purchase agreement to acquire Thiqah Business Service from Public Investment Fund for SAR 3.4 billion on January 21, 2025. Elm Company will fund the consideration fully in cash through Elm Company's own resources and facilities. Completion is expected once regulatory approvals and approval of offer by acquirer shareholders are obtained and certain conditions are satisfied under the agreement. HSBC Saudi Arabia Limited acted as financial advisor for Elm Company. AS&H Clifford Chance acted as legal advisor for Elm Company.
Price Target Changed • Dec 18Price target increased by 7.5% to ر.س1,107Up from ر.س1,030, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of ر.س1,136. Stock is up 42% over the past year. The company is forecast to post earnings per share of ر.س22.63 for next year compared to ر.س17.46 last year.
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: ر.س6.41 (vs ر.س4.25 in 3Q 2023)Third quarter 2024 results: EPS: ر.س6.41 (up from ر.س4.25 in 3Q 2023). Revenue: ر.س1.87b (up 17% from 3Q 2023). Net income: ر.س498.2m (up 51% from 3Q 2023). Profit margin: 27% (up from 21% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Asia.
お知らせ • Oct 21Elm Company to Report Fiscal Year 2024 Results on Mar 02, 2025Elm Company announced that they will report fiscal year 2024 results at 1:00 PM, Arabian Standard Time on Mar 02, 2025
Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: ر.س6.26 (vs ر.س4.80 in 2Q 2023)Second quarter 2024 results: EPS: ر.س6.26 (up from ر.س4.80 in 2Q 2023). Revenue: ر.س1.77b (up 26% from 2Q 2023). Net income: ر.س486.2m (up 30% from 2Q 2023). Profit margin: 28% (in line with 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the IT industry in Asia.
Declared Dividend • Aug 07First half dividend of ر.س3.50 announcedShareholders will receive a dividend of ر.س3.50. Ex-date: 8th August 2024 Payment date: 20th August 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.0%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 32%.
Price Target Changed • Jul 08Price target increased by 7.5% to ر.س947Up from ر.س881, the current price target is an average from 8 analysts. New target price is 13% above last closing price of ر.س838. Stock is up 42% over the past year. The company is forecast to post earnings per share of ر.س20.42 for next year compared to ر.س17.46 last year.
お知らせ • Jul 05Elm Company Announces CEO ChangesElm Company announced the Board of Directors resolution dated July 3, 2024, to accept the resignation of Dr. Abdulrahman Saad AlJadhai from the position of CEO of the company, effective from September 30, 2024. for personal reasons. The Board of Directors and all employees of the company extend their appreciation to Dr. Abdulrahman for leading the company over 12 years and for his fruitful efforts in growing the company business. His great services and distinguished leadership is appreciated and they wish him all success. The Board of Directors also announces its resolution to appoint Mr. Mohammad Abdulaziz Alomair as the CEO of the Company, effective October 1, 2024, due to his leadership experience and contribution to many achievements in digital transformation and building digital products. Mr. Mohammad has 23 years of experience in the market, most of which he spent at Elm Company, where he started working in the Marketing Department and then held several positions, the last of which was the CEO of Business Products group. He also holds a Master's degree in business administration from Strayer University and a bachelor's degree from the College of Computer Science at King Saud University. He participates in membership in a number of boards of directors, and his expertise focuses on product development, investment, and building business models and partnerships.
Reported Earnings • May 20First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: ر.س4.44 (up from ر.س4.15 in 1Q 2023). Revenue: ر.س1.64b (up 27% from 1Q 2023). Net income: ر.س344.8m (up 6.9% from 1Q 2023). Profit margin: 21% (down from 25% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Asia.
お知らせ • Mar 12Elm Company Announces the Distribution of Interim Cash Dividends to Shareholders for the Second Half of 2023, Payable on March 25, 2024Elm Company announced the decision of the Board of Directors to distribute interim cash dividends to shareholders for the Second Half of 2023. The Total amount distributed is SAR 310,788,800. Number of Shares Eligible for Dividends is 77,697,200 shares. Dividend per share is SAR 4 per share. Percentage of Dividend to the Share Par Value (%) is 40%. The eligibility date will be on March 13, 2024 corresponding to 03-09-1445H. The eligibility of dividends distribution will be for the shareholders of the Company who own shares on the eligibility date and are registered in the Company's share registry at the Securities Depository Center Edaa at the end of the second trading day following the eligibility date. Dividends distribution date will be on March 25, 2024 corresponding to 15-09-1445H.
Reported Earnings • Mar 12Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ر.س17.46 (up from ر.س11.94 in FY 2022). Revenue: ر.س5.90b (up 28% from FY 2022). Net income: ر.س1.36b (up 46% from FY 2022). Profit margin: 23% (up from 20% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia.
お知らせ • Mar 09+ 3 more updatesElm Company to Report Fiscal Year 2023 Results on Mar 10, 2024Elm Company announced that they will report fiscal year 2023 results at 3:00 PM, Arabian Standard Time on Mar 10, 2024
Price Target Changed • Feb 20Price target increased by 13% to ر.س834Up from ر.س738, the current price target is an average from 7 analysts. New target price is 22% below last closing price of ر.س1,063. Stock is up 182% over the past year. The company is forecast to post earnings per share of ر.س16.75 for next year compared to ر.س11.94 last year.
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ر.س945, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 21x in the IT industry in Asia. Total returns to shareholders of 186% over the past year.
Reported Earnings • Nov 07Third quarter 2023 earnings released: EPS: ر.س4.30 (vs ر.س3.52 in 3Q 2022)Third quarter 2023 results: EPS: ر.س4.30 (up from ر.س3.52 in 3Q 2022). Revenue: ر.س1.52b (up 30% from 3Q 2022). Net income: ر.س334.2m (up 22% from 3Q 2022). Profit margin: 22% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Asia.
New Risk • Oct 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 7.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Price Target Changed • Aug 16Price target increased by 7.4% to ر.س614Up from ر.س572, the current price target is an average from 5 analysts. New target price is 13% below last closing price of ر.س709. Stock is up 129% over the past year. The company is forecast to post earnings per share of ر.س16.80 for next year compared to ر.س11.94 last year.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: ر.س4.80 (vs ر.س2.51 in 2Q 2022)Second quarter 2023 results: EPS: ر.س4.80 (up from ر.س2.51 in 2Q 2022). Revenue: ر.س1.40b (up 35% from 2Q 2022). Net income: ر.س372.8m (up 91% from 2Q 2022). Profit margin: 27% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Asia.
Price Target Changed • Jul 27Price target increased by 10% to ر.س589Up from ر.س535, the current price target is an average from 4 analysts. New target price is 15% below last closing price of ر.س692. Stock is up 135% over the past year. The company is forecast to post earnings per share of ر.س15.20 for next year compared to ر.س11.94 last year.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ر.س670, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 20x in the IT industry in Asia. Total returns to shareholders of 155% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س328 per share.
Price Target Changed • Jun 08Price target increased by 8.1% to ر.س551Up from ر.س509, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ر.س558. Stock is up 99% over the past year. The company is forecast to post earnings per share of ر.س14.73 for next year compared to ر.س11.94 last year.
Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ر.س529, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 21x in the IT industry in Asia. Total returns to shareholders of 91% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ر.س225 per share.
Price Target Changed • May 24Price target increased by 18% to ر.س509Up from ر.س430, the current price target is an average from 3 analysts. New target price is 13% above last closing price of ر.س450. Stock is up 85% over the past year. The company is forecast to post earnings per share of ر.س14.73 for next year compared to ر.س11.94 last year.
Reported Earnings • May 19First quarter 2023 earnings released: EPS: ر.س4.15 (vs ر.س3.17 in 1Q 2022)First quarter 2023 results: EPS: ر.س4.15 (up from ر.س3.17 in 1Q 2022). Revenue: ر.س1.29b (up 18% from 1Q 2022). Net income: ر.س322.4m (up 29% from 1Q 2022). Profit margin: 25% (up from 23% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Asia.
Major Estimate Revision • Mar 21Consensus EPS estimates increase by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ر.س5.22b to ر.س5.52b. EPS estimate increased from ر.س13.66 to ر.س15.80 per share. Net income forecast to grow 36% next year vs 18% growth forecast for IT industry in Saudi Arabia. Consensus price target up from ر.س430 to ر.س460. Share price rose 4.9% to ر.س429 over the past week.
Price Target Changed • Mar 16Price target increased by 11% to ر.س457Up from ر.س410, the current price target is an average from 3 analysts. New target price is 13% above last closing price of ر.س405. Stock is up 100% over the past year. The company is forecast to post earnings per share of ر.س13.66 for next year compared to ر.س11.94 last year.
Reported Earnings • Mar 14Full year 2022 earnings released: EPS: ر.س11.94 (vs ر.س7.09 in FY 2021)Full year 2022 results: EPS: ر.س11.94 (up from ر.س7.09 in FY 2021). Revenue: ر.س4.61b (up 20% from FY 2021). Net income: ر.س930.2m (up 64% from FY 2021). Profit margin: 20% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Asia.
Reported Earnings • Nov 11Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: ر.س3.52 (up from ر.س2.22 in 3Q 2021). Revenue: ر.س1.17b (up 21% from 3Q 2021). Net income: ر.س273.4m (up 54% from 3Q 2021). Profit margin: 23% (up from 18% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Asia.
Upcoming Dividend • Sep 25Upcoming dividend of ر.س2.00 per shareEligible shareholders must have bought the stock before 02 October 2022. Payment date: 13 October 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Saudi dividend payers (4.6%). Lower than average of industry peers (1.9%).
お知らせ • Sep 22+ 1 more updateElm Company Announces Distribution of Cash Dividend for the First Half of 2022, Payable on October 13, 2022Elm Company announced the distribution of cash dividend to the shareholders for the first half of 2022. The total amount distributed is SAR 155,200,000. Dividend per share is SAR 2 per share. The eligibility of dividends shall be for the shareholders at the close of trading on September 29, 2022. Dividend distribution date will be on October 13, 2022.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to ر.س328, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 35x in the IT industry in Saudi Arabia.
Reported Earnings • Aug 16Second quarter 2022 earnings released: EPS: ر.س2.51 (vs ر.س2.20 in 2Q 2021)Second quarter 2022 results: EPS: ر.س2.51 (up from ر.س2.20 in 2Q 2021). Revenue: ر.س1.04b (up 2.1% from 2Q 2021). Net income: ر.س194.9m (up 77% from 2Q 2021). Profit margin: 19% (up from 11% in 2Q 2021). The increase in margin was primarily driven by lower expenses.
Reported Earnings • May 12First quarter 2022 earnings released: EPS: ر.س3.17 (vs ر.س2.11 in 1Q 2021)First quarter 2022 results: EPS: ر.س3.17 (up from ر.س2.11 in 1Q 2021). Revenue: ر.س1.09b (up 41% from 1Q 2021). Net income: ر.س249.6m (up 48% from 1Q 2021). Profit margin: 23% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue.
お知らせ • Apr 06Elm Company, Annual General Meeting, May 09, 2022Elm Company, Annual General Meeting, May 09, 2022, at 20:00 Arab Standard Time. Agenda: To consider voting on the Board of Directors Report for the fiscal year ending on December 31, 2021; to consider voting on the financial statements for the fiscal year ending on December 31, 2021; to consider voting on External Auditors Report for the financial year ending on December 31, 2021; and to consider other matters of the business.
Reported Earnings • Mar 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ر.س7.09 (up from ر.س6.13 in FY 2020). Revenue: ر.س3.83b (up 55% from FY 2020). Net income: ر.س566.9m (up 85% from FY 2020). Profit margin: 15% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.