Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ر.س55.70, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 23x in the IT industry in Saudi Arabia. Total loss to shareholders of 15% over the past three years. Reported Earnings • Apr 12
Full year 2025 earnings released: EPS: ر.س1.59 (vs ر.س3.08 in FY 2024) Full year 2025 results: EPS: ر.س1.59 (down from ر.س3.08 in FY 2024). Revenue: ر.س51.0m (up 2.6% from FY 2024). Net income: ر.س4.77m (down 48% from FY 2024). Profit margin: 9.4% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ر.س48.36, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 15x in the IT industry in Saudi Arabia. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س47.00, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 16x in the IT industry in Saudi Arabia. Total loss to shareholders of 29% over the past three years. Buy Or Sell Opportunity • Feb 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to ر.س54.40. The fair value is estimated to be ر.س69.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last year. Earnings per share has declined by 51%. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س63.05, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 23x in the IT industry in Saudi Arabia. Total loss to shareholders of 9.0% over the past three years. New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 4.2% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 4.2% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin). Market cap is less than US$100m (ر.س231.0m market cap, or US$61.6m). New Risk • Nov 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 7.7% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Profit margins are more than 30% lower than last year (19% net profit margin). Market cap is less than US$100m (ر.س231.0m market cap, or US$61.6m). Buy Or Sell Opportunity • Nov 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 10.0% to ر.س77.00. The fair value is estimated to be ر.س64.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 3.2%. New Risk • Oct 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin). Market cap is less than US$100m (ر.س224.9m market cap, or US$60.0m). Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س74.95, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 24x in the IT industry in Saudi Arabia. Total loss to shareholders of 16% over the past year. New Risk • Aug 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 7.3% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (19% net profit margin). Market cap is less than US$100m (ر.س210.0m market cap, or US$56.0m). New Risk • Jul 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 19% Last year net profit margin: 36% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (19% net profit margin). Market cap is less than US$100m (ر.س294.0m market cap, or US$78.4m). Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س98.00, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 23x in the IT industry in Saudi Arabia. Total returns to shareholders of 22% over the past year. New Risk • Jun 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Saudi stocks, typically moving 8.1% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (ر.س274.2m market cap, or US$73.1m). Duyuru • Jun 05
Alqemam for Computer Systems Co., Annual General Meeting, Jun 25, 2025 Alqemam for Computer Systems Co., Annual General Meeting, Jun 25, 2025, at 19:30 Arab Standard Time. Location: aniza Saudi Arabia Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ر.س86.00, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 33x in the IT industry in Saudi Arabia. Total loss to shareholders of 8.4% over the past year. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (ر.س332.4m market cap, or US$88.7m). Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ر.س114, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 36x in the IT industry in Saudi Arabia. Total returns to shareholders of 36% over the past year. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ر.س79.00, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 33x in the IT industry in Saudi Arabia. Total loss to shareholders of 24% over the past year. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س88.00, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 30x in the IT industry in Saudi Arabia. Total loss to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ر.س113, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 29x in the IT industry in Saudi Arabia. Total returns to shareholders of 59% over the past year. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ر.س96.60, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 37x in the IT industry in Saudi Arabia. Total returns to shareholders of 22% over the past year. Duyuru • May 25
Alqemam for Computer Systems Co., Annual General Meeting, Jun 13, 2024 Alqemam for Computer Systems Co., Annual General Meeting, Jun 13, 2024, at 18:30 Arab Standard Time. Location: unaizah Saudi Arabia Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س84.00, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 40x in the IT industry in Saudi Arabia. Total returns to shareholders of 18% over the past year. New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). High level of non-cash earnings (35% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (39% net profit margin). Market cap is less than US$100m (ر.س252.0m market cap, or US$67.2m). Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ر.س97.00, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 38x in the IT industry in Saudi Arabia. Total returns to shareholders of 48% over the past year. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ر.س101, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 27x in the IT industry in Saudi Arabia. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ر.س115, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 29x in the IT industry in Saudi Arabia. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ر.س92.90, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 29x in the IT industry in Saudi Arabia. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ر.س71.50, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 30x in the IT industry in Saudi Arabia. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ر.س88.00, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 32x in the IT industry in Saudi Arabia.