Elm Company (7203) Fair Value & Analysis
Technology · SA · Market cap 52.6B SAR
Fair value as of: Aug 13, 2026
From 26 valuation models · updated today
Fair value updated Aug 13, 2026, revised from 467.55 SAR to 531.13 SAR (+13.6%) since Jul 31, 2026. Share price −9.3% over the past month.
A strong business, but screening 11% overvalued on our models.
What matters now
- The model range is unusually wide (395.81 SAR to 1,306 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Our model range runs from 395.81 SAR (bear) to 1,306 SAR (bull), base 531.13 SAR. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 75/100 (high quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
54‑month range 156.44 SAR – 1,229 SAR · fair‑value band 395.81 SAR – 1,306 SAR · the 596.50 SAR price screens above the 531.13 SAR fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Elm Company (7203) currently trades at 596.50 SAR, while our model-based Fair Value estimate is 531.13 SAR, implying the stock looks roughly 11.0% overvalued today. The Quality Score stands at 75/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Elm Company generated revenue of 10.1B SAR at a net margin of 22.4%. Revenue grew 31.7% year over year. It earns a return on equity of 47.7%. Net debt stands at 791M SAR. Fundamentals as of Aug 13, 2026
Our scenario range runs from 395.81 SAR (bear case) to 1,306 SAR (bull case); at 596.50 SAR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at -11%, 7203 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (1,004 SAR) versus Asset-Based (31.16 SAR). Highest evidence: Growth DCF (80).
Notify me when 7203 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 35
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Elm Company, together with its subsidiaries, provides information security services in Saudi Arabia. It operates through Digital Business, Business Process Outsourcing, and Professional Services segments.
Full company description
Elm Company, together with its subsidiaries, provides information security services in Saudi Arabia. It operates through Digital Business, Business Process Outsourcing, and Professional Services segments. The company provides integrated technology business solutions; advisory and professional services in data analysis and artificial intelligence; installation, maintenance, and support services; consultation services; computer system programming and consultancy; information technology services; data processing; and website hosting services. It also engages in the establishment, development, operation, and management of communications and information technology facilities; management of call and service centers; investment activities; and retail sale of information and communication equipment in specialized stores. In addition, the company offers system analysis; software maintenance and web page design; customer service; financial technology solutions; cybersecurity; research and development; bus transport of passengers between cities; catering; inspection services for systems; marketing services; reservation services for tourist accommodation units; and reception and farewell services for pilgrims. Further, it designs and programs software; develops applications; establishes infrastructure for hosting websites on the Internet; exchanges credit information; manages and operates data information centers; imports, develops, sell, and maintains hardware, software, information systems, and communication networks; and provides sites for buying and selling through the Internet, as well as training and workforce development services. The company was formerly known as Al-ELM Information Security Company. Elm Company was incorporated in 1988 and is based in Riyadh, Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Elm Company reported revenue of 9.5B SAR in FY2025 versus 3.8B SAR in FY2021, a compound +25.4%/yr. Reported net income was 2.1B SAR in FY2025, compounding +38.6%/yr from FY2021.
7203 screens 11% overvalued. Compare with International Business Machines Corporation →
Peer Group
Information Technology Services · 488 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Information Technology Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $235.98 | $175.76 | -26% |
| Accenture plc ACNN | 2,460 MXN | 300.07 MXN | -88% |
| Tata Consultancy Services Limited TCS | ₹2,350 | ₹3,473 | +48% |
| Infosys Limited INFY | ₹1,176 | ₹1,998 | +70% |
| HCL Technologies Limited HCLTECH | ₹1,365 | ₹1,722 | +26% |
| Wipro Limited WIPRO | ₹183.94 | ₹314.26 | +71% |
| Tech Mahindra Limited TECHM | ₹1,625 | ₹1,521 | -6% |
| Samsung SDS Co 018260 | 235,500 KRW | 235,321 KRW | -0% |
| Persistent Systems Limited PERSISTENT | ₹5,474 | ₹3,259 | -40% |
| Hyundai Autoever Corporation 307950 | 433,000 KRW | 186,323 KRW | -57% |
Compare Elm Company with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Frequently asked questions
Is Elm Company (7203) overvalued or undervalued?
What is the fair value of 7203?
What is the quality score of 7203?
What is the revenue of Elm Company (7203)?
What is the net profit margin of 7203?
Does Elm Company pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Elm Company and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.