Elm Company

SASE:7203 Stock Report

Market Cap: ر.س88.0b

Elm Valuation

Is 7203 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 7203 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 7203 (SAR1128) is trading above our estimate of fair value (SAR411.4)

Significantly Below Fair Value: 7203 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 7203?

Key metric: As 7203 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 7203. This is calculated by dividing 7203's market cap by their current earnings.
What is 7203's PE Ratio?
PE Ratio52.9x
Earningsر.س1.66b
Market Capر.س87.98b

Price to Earnings Ratio vs Peers

How does 7203's PE Ratio compare to its peers?

The above table shows the PE ratio for 7203 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.4x
7202 Arabian Internet and Communication Services
22.8x8.7%ر.س32.7b
7204 Perfect Presentation for Commercial Services
25.9xn/aر.س4.1b
7200 Al Moammar Information Systems
44.4xn/aر.س4.8b
9534 Saudi Azm for Communication and Information Technology
64.4xn/aر.س1.8b
7203 Elm
52.9x18.6%ر.س87.6b

Price-To-Earnings vs Peers: 7203 is expensive based on its Price-To-Earnings Ratio (52.9x) compared to the peer average (39.4x).

Price to Earnings Ratio vs Industry

How does 7203's PE Ratio compare vs other companies in the Asian IT Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
7203 52.9xIndustry Avg. 24.4xNo. of Companies90PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 7203 is expensive based on its Price-To-Earnings Ratio (52.9x) compared to the Asian IT industry average (24.4x).

Price to Earnings Ratio vs Fair Ratio

What is 7203's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

7203 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio52.9x
Fair PE Ratio39.2x

Price-To-Earnings vs Fair Ratio: 7203 is expensive based on its Price-To-Earnings Ratio (52.9x) compared to the estimated Fair Price-To-Earnings Ratio (39.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 7203 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س1,128.00
ر.س1,106.89
-1.9%
9.8%ر.س1,320.00ر.س923.00n/a9
Dec ’25ر.س1,090.00
ر.س1,029.78
-5.5%
16.8%ر.س1,320.00ر.س700.00n/a9
Nov ’25ر.س1,022.60
ر.س1,022.00
-0.06%
16.5%ر.س1,320.00ر.س700.00n/a9
Oct ’25ر.س1,165.00
ر.س999.76
-14.2%
16.3%ر.س1,320.00ر.س699.80n/a9
Sep ’25ر.س994.00
ر.س952.73
-4.2%
16.5%ر.س1,250.00ر.س699.80n/a8
Aug ’25ر.س903.40
ر.س939.86
+4.0%
15.4%ر.س1,180.00ر.س700.00n/a7
Jul ’25ر.س857.00
ر.س899.41
+4.9%
20.7%ر.س1,180.00ر.س566.50n/a8
Jun ’25ر.س796.80
ر.س877.90
+10.2%
21.6%ر.س1,180.00ر.س566.50n/a7
May ’25ر.س909.00
ر.س880.79
-3.1%
21.4%ر.س1,180.00ر.س566.50n/a7
Apr ’25ر.س959.00
ر.س880.79
-8.2%
21.4%ر.س1,180.00ر.س566.50n/a7
Mar ’25ر.س1,057.00
ر.س834.07
-21.1%
22.8%ر.س1,180.00ر.س566.50n/a7
Feb ’25ر.س928.80
ر.س776.42
-16.4%
17.7%ر.س971.00ر.س566.50n/a6
Jan ’25ر.س815.60
ر.س737.58
-9.6%
13.3%ر.س888.00ر.س566.50n/a6
Dec ’24ر.س744.60
ر.س758.84
+1.9%
11.1%ر.س888.00ر.س635.20ر.س1,090.005
Nov ’24ر.س681.00
ر.س768.44
+12.8%
13.4%ر.س946.00ر.س635.20ر.س1,022.605
Oct ’24ر.س794.20
ر.س708.20
-10.8%
8.6%ر.س789.00ر.س635.00ر.س1,165.005
Sep ’24ر.س850.00
ر.س708.20
-16.7%
8.6%ر.س789.00ر.س635.00ر.س994.005
Aug ’24ر.س681.40
ر.س589.25
-13.5%
8.9%ر.س645.00ر.س522.00ر.س903.404
Jul ’24n/a
ر.س550.67
0%
4.0%ر.س575.00ر.س522.00ر.س857.003
Jun ’24ر.س443.60
ر.س535.33
+20.7%
2.7%ر.س555.00ر.س522.00ر.س796.803
May ’24ر.س436.20
ر.س459.97
+5.4%
8.2%ر.س490.00ر.س406.90ر.س909.003
Apr ’24ر.س441.80
ر.س459.97
+4.1%
8.2%ر.س490.00ر.س406.90ر.س959.003
Mar ’24ر.س384.00
ر.س429.97
+12.0%
8.2%ر.س480.00ر.س403.00ر.س1,057.003
Feb ’24ر.س358.40
ر.س410.40
+14.5%
5.7%ر.س442.00ر.س386.21ر.س928.803
Jan ’24ر.س333.80
ر.س414.11
+24.1%
6.7%ر.س442.00ر.س386.21ر.س815.602
Dec ’23ر.س335.60
ر.س414.11
+23.4%
6.7%ر.س442.00ر.س386.21ر.س744.602

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 15:30
End of Day Share Price 2024/12/22 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Elm Company is covered by 11 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ibrahim ElaiwatAljazira Capital Company
Jassim Al-JubranAljazira Capital Company
Danish KazmiAl Rajhi Capital